leader for some time but was affectively told her time was up in a meeting with the so-called $922.00 committee after fellow conservatives began pushing once more for her to step down and her final push for briggs a plan to revive failed to reverse the trend of fading support here to dive into the details contributor hilary for which she'll strong market we welcome our pleasure danielle so hilary 1st what is the market reaction right now so far and more specifically how is the pound behaving in the currency markets after the news kristie actually today it was up fractionally it ended the day a little bit down but it was up point one percent against the euro so i think actually what you're seeing from global markets is that everybody has really everyone is really big in a no deal business leaders have thought for a long time that the politicians simply aren't going to get this done the mayhem that exists in the political arena has not existed in the business and it actually has held steady and you look at the unemployment in the u.k. i cheated all time low still since 1973 it hasn't been this low 3.5 percent so

remarkably well you have political turmoil may have actually the palace down pretty well if you think about holding steady when i was been the reaction from the european leaders to may's resignation they certainly had a lot of time to think about what to say when she goes yes they did actually i think one of the best reactions has been from mark routines the dutch prime minister of course and he called and he thanked her for all that she's done to work with the european leaders and he actually is very admirable when he says that obviously the dutch and the u.k. work very closely together my crawl has put his foot down yes again and really wants to know you know what are those british leaders going to do and then over on the european commission a young basically is sick and tired and weary of british leaders not getting their act together hillary the 1st question i would have is how does the mayor resignation affect this dreaded prospect of a new deal especially when conventional wisdom seems to say that former foreign secretary boris johnson is the leading candidate to succeed may and he today wasted no time in. a hard line position on briggs he reportedly said we will leave the

e.u. on october 31st deal or no deal so really taking a hard line there is just a bad winter for now but you know what does this might make the dreaded prospect more likely of a no deal well actually the dreaded prospect daniel is more actually fear and and gloom and doom that lots of people have actually sort of put about there but i don't think it's actually as bad as lots of leaders say it's going to be so number one number 2 in terms of boris johnson yes on labyrinths about a month ago had him a 6 to one prospect of maybe being the future leader but remember this there hasn't been haven't been many very many leaders that were in the lead initially in this whole situation this close to an election think about david cameron margaret thatcher neither of those were in the lead and they usually they can be a lot of changing at the last moment so i wouldn't say it's necessarily boris johnson what i would say about boris johnson is what everybody wants when i speak to global business leaders all the time and basically the whole of the u.k.

is feds are up and wants to move on from what the u.k. wants and the person that's going to be the most likely to lead is somebody with a clear vision somebody who is going to get this done and boris johnson certainly has that i would say the caviar about johnson is he has lots of people sort of fearing that we'd be in safe hands of him because he doesn't have a much of a track record for that sort of stability or safe hands that's the downside of boris johnson. on the timing of this notice we chose a deed that will quickly follow right after president terms visit i have to wonder if she probably did the math and realize that she was already teetering and wasn't likely to survive such a controversial engagement desert some don't worry it does daniel the only thing i would say is actually from our perspective of a deal with trump and the hosting trump obviously you have the stability of the queen and the queen went to meet with the american ambassador woody johnson quite some time ago and there is that instinct one has that a major deal could be done and this will save sort of say the great relationship will say. in the u.k.

but yes you're right she knew she was not going to survive she knew she wouldn't survive it is a great pity that the leader couldn't be picked now bottom line they will close the balloting with the conservative party on june 10th off to his visit and that will be the balance in terms of potential leaders than they will be going back and forth with amongst ministers over the summer so when palmer reconvenes at the end of july then you will have a new lead up it's a pity that couldn't have happened before thomas visit bought don't forget trump is very unpopular in the u.k. and that should be whoever is the leader wants to do a deal with trauma but that's a very unpopular issue looks like one of those cases were some temporary turmoil might actually lead to greater stability than the status quo i actually would say the bottom line on all of this is yes the fact that may is going is much more likely to lead to a concrete outcome rather than this war falling like of decision and the lack of a final yes or the course johnson has come out and said no matter what it will be by how we. as always from what the forwards of the british angle daniel says thank

you kristie. china's largest chip maker as some i see surprise the markets today as they announced their withdrawal from the n.y.s.e. and a 15 year listing in the u.s. the delisting is expected to happen june 13th as they cite a low trading volumes of its a.d.r.'s and the cost of maintaining the listings were too high going forward as some i see will only trade in hong kong this sudden move comes as the trumpet ministration is stepping up its efforts to cut off its technology from china with trade to go she ages between the 2 world superpowers at a stalemate just a few days ago white house chief strategist steve bannon had said his ultimate goal is to shut out china company from american capital markets it would appear that beijing is actually doing him one better as some i.c. is worth $5400000000.00 and is not only a chip maker

a leader in china but is also has a big footprint in the u.s. to investing heavily in infrastructure for a joint venture with qualcomm in 2015. and there is more challenging economic news for president address manuel lopez obrador of mexico as the latest official figures show the mexican economy shrinking in the 1st 3 months or 2019 the national statistics institute has affirmed their initial finding that the mexican economy constructed by point 2 percent in q one and revised their q 42018 figures to show 8.2 percent contraction after initial figures showed g.d.p. growth for that quarter of 0 the revision and confirmation together would seem to suddenly show mexico in a recession defined as 2 straight quarters of g.d.p. contraction at the same time year over year comparisons show a 1.8 percent expansion when q one of 2019 is compared to q one of 2018 and mentally analysts say the weak growth may in fact make the mexican bank more comfortable with the stimulatory cut later in the year and interest rates still the

new numbers and the reward economic circumstances they reflect will make a lopez obrador stated goal of average growth of 4 percent in his 6 year presidential term even more challenging than it 1st appeared. the us china trade war has dominated headlines as a whole week so let's see how effective the global markets let's start off here in moscow with the molex up for the week on gains after russia's finance ministry sold $1440000000.00 worth of ruble denominated ofc bonds which have actually received significant foreign demand a c. there over in asia now after last week's escalation of tears between the u.s. and china and huawei bands no new trade talks have been scheduled the 2 world superpowers are at a stalemate and it's kind of looking like a game of chicken to see who fled just 1st the market is suffering as a result but the shanghai the hung chang and the nikkei all down for the week shanghai is down one percent home saying 2 percent nikkei down half

a percent huawei announced that they have been actually prepare for this fall out and they've actually stockpiled at least 3 months worth of chips traders though are . cautious in the market and this is actually starting to look like the new normal over in india in bombay the sensex actually reached an all time high this week as prime minister narendra modi since a landslide reelection victory the sensex reached 40000 before falling back as traders are optimistic of the upcoming reform agenda over in australia the a.s.x. is up slightly for the week led by the financial sector as scott morrison delivers a coalition win then over in south africa all shares that in johannesburg and up the week slightly down as the reserve bank held the key interest rate at 6 and a half percent while cutting the full year economic growth forecast so overall it's been a mixed week here as certain countries prove to be more resilient than others in the midst of all the drama taking center stage now over to danielle in the europe

and america thanks kristie starting in france a red arrow for the cac up and down earlier in the week and waning thursday and friday with weakness in the energy and finance to end down for the week in germany the dax also down for the week following the trend and done with chrysler stock noticeably fell sharply in the 2nd half of the we contributing to that over to the u.k. the footsie also down for the week in a very bad week for british stability jumping to the americas in colombia the coal cap is down for the week with a few finance among the factors contributing to that in brazil that is up for the this week despite some economic figures earlier in the week to the united states where we see the new york stock exchange the s. and p. 500 and the tech heavy nasdaq all following the trend down for the week and finally we are wrong with the recovering slightly earlier today but still down for the week . time now for

a quick break but hang here because when we return we talk all the time on the program about the financial uses of octane but what about the social impact of the . ali mahogany on the block jane found a spot on trails into the details and as we get a break here the numbers at the close. with this manufactured sentenced to public will. when the ruling closest project themselves. in the final merry go round lifts only the one percent so.

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it can be summed up to the top to bottom i got to be an ox. it runs 300 kilometers from source. i'm out and there are over $200.00 industrial facilities range still responding. i'm out on your muscle. limb but. you do 3 things. i like to focus the mind to be in. the room again scuba 4000 rice fields and supplies drinking water to 25000000 people. that will pull us out. of without us to have a call for people. who will not obey the voice of the lord your god will be careful to do all these commandments and the statutes. then all these curses shall come upon you and

overtake you. and then the white people the stolen property and therefore it must be returned to black people if they get rid of whites only problems will go away. the need to think. as president of the flick of the. wide fall residence of. people being tortured to death expression the elderly people in the dome. make in the face why of course will find themselves affected by a crash and we often point to what effect means in greens oh it's all sweats and a lot of. what are you going to have for dinner today we don't have a need to be asking for his name might be bad feelings towards civil war in south africa is you never to. proud for

a truck was there any chong not be in the code of europe and to get. max guys are. looking forward that's because. this is what happens defenses in britain don't. watch treasury for. iranians have often turned to crypto is in order to evade the stringent u.s. economic sanctions but this week the escalating pressure campaign of the u.s. against iran has prompted local big quine's the biggest peer to peer big point

trading platform in the world to shut off service foreign based users legitimate crypto use as a minor is in iran have been cut off from most international exchanges already last year as sanctions went into effect but local bitcoins were one of the last exchanges that held out until now this leaves many angry and frustrated as the government prohibitive approach is fundamentally contrary to big points very decentralized inclusive philosophy in its truest form big point is a global network that knows no borders colors or ethnicities when an exchange like this local bitcoins bans iranian users is basically downgrading its applications to that of currencies. as we see in iran and around the globe crypto currency has countless uses in the realm of finance even hypothetically avoiding sanctions but what impact could it have socially recently we sat down with all the money the blotching phone respond to talk about the technologies uses outside of

fin tech we begin by asking him how one train is being used to fight poverty and how it could be used to bank the unbanked. absolutely so there's a number of ways where can help the unbanked and so if you break down the categories we're talking about. banked and then think to populations right and where can block fit into this and there's there's 2 things that we're looking at we're looking at the cryptocurrency side which can be used for what we're calling digitally map which is essentially a central bank based block based currency and then we're also looking at things like trade currencies and regional currencies that can create a fish in seas and help to improve the situation of how money is used and then on the block chain side we're actually looking at things like a land registry we're looking at identities and how can that help to create more trust and transparency within systems to help bank bank populations

in taking that a step further there's even a side to this that doesn't directly touch the consumer has significant impacts on how consumers how their lives operate and so as an example of that there's something called the risk this is one of the biggest identifies one of the biggest challenges globally on financial inclusion and what risking it is is it's essentially were global banks don't want to work as much with developing country banks because of a lack of transparency and because of concerns of violations of k.y. caesar know your customer or anti money laundering. counter finance terrorism and it. can do is create a layer of trust and transparency through an immutable ledger of recording all of these transactions that are happening with real time visibility from these global banks and what that'll do is actually ensure that global banks can keep and develop

and nurture those relationships with developing country banks to then further improve things like banking the lend. other banking related services to individuals in the developing world so this has a huge impact on solving some of the underlying issues in the banking sector. i'm so glad you mention k y c n n your identity is such a critical part of who you are and your digital identity that's an entirely new frontier where all the custom with our like physical identity here in the world with our driver's license passports but how can we track someone's digital identity online. yeah that's a great question right and so we're tracking someone's digital identity one of the issues right now is when you have a physical identity you can go to a bank or somewhere and you can actually show that physical identity when you're online there is that layer doesn't exist right so what you're doing right now is

your generally keying in maybe there's a photo take in and a photo taken of your passport or your identity and that can actually be very easily photoshop to match and you know for $20.00 you can get around a lot of these digital identity checks and with block chain paired with other technologies we're pretty excited and so if you take for example bio metrics so think about live. video of an individual for a few seconds and being able to ensure that that's the correct person so motion capture or biometrics with fingerprints these are the sorts of things that are really exciting to be able to pair your physical identity with your digital identity through something like biometrics but i think what's even more interesting as well from from a u.n. perspective in talking with the developing world is a lot of countries don't even have identities i mean they don't actually issue a daenerys to their populations effectively and so you've got over 1100000000

people around the world without identities and. without an identity you could argue that the person doesn't exist. they can't travel effectively they cannot access banking or lending or other sorts of services and so this is where even without the physical identity we're exploring ways where potentially individuals could actually almost leapfrog and create a digital and physical identity that's come into using things like facial recognition technology which is good enough in this day and age to be able to leverage in that way and at least have an underlying infrastructure level to be able to start mapping transactions or things that these individuals are doing to start building credit and trust which right now can't be done and so this is pretty interesting development to see paired pairing block chain with facial recognition in a on how we can try to get around some of these issues. now while we moving from

sort of individual privacy and security to organizational and corporate security we saw one of the biggest crypto exchanges finance was breached what is the specific instance tell us about what needs to be improved in blog change technology security and what can what what's working and what needs to be improved there. yeah that's a really good question right and so from my understanding of the hack i mean by nance's exchange is actually not necessarily on a block chain layer and so from my understanding there's a number of phishing attacks people essentially gone individuals passwords and access to their account through a.p.i. and other things to be able to essentially move out of those accounts and so this i think is a little bit of a different issue looking at security on. a layer however where it is

interesting is talking about how do you help preserve funs on it from a crypto. currency standpoint if countries were to move to digital currencies and the likely scenario if countries were to move to digital currencies would actually be a semi centralized my decentralized currency so they would have the ability likely to you know potentially reverse transactions if there were major hacks i think that might also raise other issues so it really depends on which way countries go but i think it is something interesting to consider work potentially that could be done from a governmental or a central bank perspective looking at this from a consumer perspective maybe this adds a lot of challenges and a lot of concerns around the ability for governments it really depends on how this plays out from the currency side and even if it couldn't be reversed i think there's a lot of ways even that violence is looking at right now that helps to prevent

these hackers from being a liquidity so partnering with other exchanges and helping as a community to self regularly to ideally stop some of these issues around these hackers being able to liquidate defiance and ideally even be able to identify them at some point and in apprehending them. facebook is finally also joining the party despite mocking it and banning ads just last year the social media giant and now said they will be rolling out its own coin the global coin in 2020 in order to capitalize on the facebook marketplace that will allow users to make online purchases directly on facebook the company is looking to raise as much as $1000000000.00 to fund the stable coin project and they've already been engaged in talks with visa western union and mastercard to gauge interest interestingly enough they've also been in contact with gemini exchange which is run by the way twins to prepare for

a 3rd party custody solution and we all know facebook sordid history with a wink of us facebook also plans to start trials by. the end of this year will be really interesting to see how it takes off as their reputation of mishandling user data with the scam bridge analytical scandal and the latest breach are really big red flags to think about if they mishandled your personal data do you trust them with your money yeah you can see why or where they would be compelled to do this you know if they can get these western union master card involved those are big names that might give people a sense of security with it but you know after these very recent scandals and then you know it just doesn't look good in them and then to get the twins involved in this is pretty seems pretty bold as well i saw the social network i know the story that you know the. famous for taking their money and running as actually so to get them involved i'm not sure if this is going to fly i don't know if people will be

will feel comfortable with this exactly and they're not taking any benefits of either like the decentralized aspect of it or the n.i.v. aspect of a couple currency so to me it doesn't really make much sense to me like this is going to be centralized on facebook you loses the entire benefit of having a decentralized platform so what happens if you lose access your wallet facebook basically owns your money ya know all good points. so that's it for this time you can catch boom bust on directv channel 321 dish network tell it to 80 or streaming 247 on t.v. the free t.v. channel 132. or is always has up at youtube dot com slash the most r t c next time . what is calling the question is magic internet

a new type of digital currency the centralized digital scarcity chancellor i'm bringing. 2nd for a bank that's called that got us a lot for a reason to call me a civil disobedience a source of optimism because i can control my own financial destiny it's just a new way of coming to consensus it's a game changer in the human history of this columbus discovering a new world this paradigm shifting technology that transforms economics and finance in a heartbeat the apollo 11 landing. to the max and stacey. the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been fully implemented for inside venezuela different we're going to announce sanctions

against the venezuela so if you. look at the moment. that. data to see on the. table the whose story isn't new makes him cold in henry kissinger to tell him that it would not be tolerated in latin america. terms of economic and social system could take hold and therefore the policy would be to make. the chilean economy scream so wants to make the economy of venezuela screed. facebook and google started with a great idea and great ideals unfortunately it was also a very dark so. they are constructing a profile of you and that profile is real it's detailed and it never goes away

turns out that google is manipulating your opinions from the very 1st character that you type into the search bar it will always speed worth one dog food over another one comparative shopping service over another and one candidate over another they can suppress certain types of results deiced on what they think you should be seeing if they have this kind of power then democracy is an illusion the free and fair election doesn't exist the more we give them the sooner we all. this footage is unique because there's a tribal lens on normally off limits to the public eric's allowed in because he's this is personal don't. people here know him simply is don't to eric he's rich famous some always on the move saving yachts and flying aircraft that

it's. now. known. he's considered one of the best neurosurgeons in brazil. and that's happening amazon. allergists sosa's going to busy doing nothing is going to do the population not because it's going to people on.

in a marked change of attitude to us mainstream media now warns of the dangerous precedent being set for journalists by washington's intensifying pursuit of julian assange. president trump announces he's sending out more troops to the middle east and extraditing arms sales to the region to keep you around in check. and the netflix show 13 reasons why about a teen who kills herself sparks fresh outrage with critics saying it should be pulled from the platform for romanticising suicide our guests debate the issue. the problem is that they did kind of you know glamorized to their kind of romance.