plus in the wake of big coins balrog what can we expect from the point that there taylor letterman a simpler training helped us comb through the price catapult you have a big shelf planned for today. and. a legal counterattack leaves our global report today as holloway presses a challenge to the defacto ban on u.s. companies doing business with way the chinese tech giant has now filed a request for summary judgment in the suit they originally filed in march the suit originally challenge a provision of the national defense authorization act that specifically pants while away and companies from doing business with government agencies in the meantime president trump has signed an executive order that sets out a general criteria for exclusion but does not single out china or huawei nonetheless it still works as an effective ban on its products legal analyst now say that while ways push for a quick resolution is one way to avoid discovery in the suit and keep corporate trade secrets out of the public record but while way argues it's to give the

company a chance to present its arguments publicly in just a few months rather than wait while business suffers chief legal officer said these actions mark a troubling new pattern of the u.s. is power and sets a dangerous precedent he said today is telecoms and huawei tomorrow it could be your industry your company your consumers. are now for more in-depth died were happening happy to welcome john quelch the dean of miami university's business school and richard wolfe professor of economics americas the university of man is to massachusetts amherst and the author of democracy at work a cure for capitalism welcome to you both professor quelch you're the our new guest 1st to you would are the prospects for wildly in this court push here suing to overturn a de facto ban on u.s. companies doing business with one way citing constitutional grounds how will they do in court on those. it's

a calculated risk on the one hand while way needs to get out the information to the public that there's really been no security breach that has been publicly revealed by the us authorities on the other hand in the court it's likely that the u.s. government will argue that it needs a discovery process to reveal the technology and business practices of wall way in order to better make its case so it's a calculated risk i would say that given that web talking about a summary judgment against an executive order of the from the white house that essentially when talking about pretty low chances for wall way but in the court of public opinion this legal approach is a very important part of the process for walk away and they alluded to a lot of the reporting alluded to getting past this discovery process as part of

the benefit of filing this motion what could happen how could a discovery go wrong for a while way. well of course it can be a very substantial fishing expedition and one doesn't know for sure what the u.s. government has that has not yet been publicly revealed if walk away is confident that there is no evidence of security breaches or data transmission from u.s. computers back to. china then huawei should feel confident in making this proceeding but discovery can be a very dangerous thing and i'm sure the u.s. government's lawyers will do everything they can given that process to reveal all sorts of detail. ways technologies and business practices that while we may not

like to have revealed some professor woeful love for you doubt weigh in on this so right now as we know discovery is a very important part of the process but the u.s. decided to implement its ban before there was actually any evidence in this instance they're acting as the judge sure an executioner all in one and now they have actually have to work to produce some discovery so what's your take on that. well my guess is that with the proper public relations surrounding what the government does here in the united states with the complicity of the mass media with a few exceptions taking the side of the united states government which they've done already i would guess that they can make something even if there's very little there let me caution everyone to understand if you wanted to demonstrate at least circumstantially that there was some kind of relationship between the huawei and

the chinese government you could probably do that the reason i know that is it would be childishly easy to do exactly the same thing for google for apple and for every other major american telecommunications company that has very cozy relationships with the central intelligence agency with the united states government this is a day must see act rick of pressuring one another the concrete realities are murky and they would be on the other side if it weren't for the public relations tilting one way or the other depending on which country it's happening in. some professor will stay on the special thing or to business side of it while executives told the financial times of london that $1200.00 u.s. suppliers will lose business and the band goes into effect in mid august how long are those companies to a loss of demand from holloway and could we see those companies. come on stage as

opponents of the ban. yes my guess is that the number of them are very dependent on wild way it varies from company to company depending on their history and their technology but yes some of them are going to be hurt and my guess is that we don't have to wait they have already in some instances we know that let the government know that this is not good for their business this is not good for their long run relationships look this is very serious what the rest of the world is being shown is that the american government or whatever the political interests are of the current president are willing to interfere in specific relationships among companies it means every company on earth has a new risk in dealing with any american company and that's going to be bad for the american economy for years into the future that's the most serious aspect of all of

this and back to professor quelch we've touched on this issue before with professor wolf but there are big opportunities for some of the smaller players on the edges of the spite between the u.s. and china vietnam means exports to the u.s. reportedly rose 40 percent in the 1st quarter of 2019 that puts vietnam on track to displace the u.k. as the number 7 top exporter to us market similarly south korean exports to the us increased by 18 percent in the 1st quarter of this year professor how far could this trend go of a spillover effect of regional suppliers picking up the slack from china or from the u.s. for that matter. well as professor wolf said it varies from company to company and i think we have to distinguish between low technology products where supply chains can be relatively quickly and easily rearranged visa v. high technology products. such as some of the components that wall way has been

sourcing from qualcomm broadcom and other u.s. suppliers these types of high tech products cannot be easily shifted in terms of them manufacturing to to other companies in other countries and that of course applies in both directions that applies with respect to chinese sourcing all of us components and it also applies to us sourcing of technology chinese components so there is a necessary and necessary problem arising here for both sides there are both they have both loses in this and this tariff war and the on necessary rearranging of supply chains in order to accommodate the tariff regime as probably a disruptive negative from

a business point of view it suddenly not a positive and i want to ask both of you about an action that did not take place the u.s. notably left china off of the list of fish really accused currency manipulators despite that issue being a repeatedly raised grievance from president trump no countries are officially listed but china is on a watch list noted alongside vietnam and u.s. allies including south korea and germany what's the takeaway here with the u.s. apparently being reluctant to press the case on an issue that is supposedly so important professor wolf can take that 1st. sure i'd be glad to i think what you're seeing here are 2 things one there is a struggle inside the among the advisors of mr trump mr i'm a newton who comes from wall street and goldman sachs is very concerned that this trade war not spill out of control he really does reflect more of the globalized

capitalist system he doesn't want this on the other hand you have the more govern the whole tides that are also around drama who would like to do it and they one side wins and then the other side wins so they whack china with a tower f. but they don't go away after the on the currency operation you see this back and forth because this is a political theater that has spun kind of out of control and threatens to go more out of control so the positions are hardening and you will not you will not miss a number of these kinds of contradictions where they are going in one direction on the one hand and the other direction on the other till they decide which way to go and this is a dangerous game. professor if i can just add to yes if i can just add to professor wolf on this the the currency manipulation issue is coming

out of the u.s. treasury there are 9 countries that have been placed on the so-called watch list and they include allies of the united states such as singapore and germany they include almost any country that has a significant and sustained trade surplus with the united states i think that the u.s. treasury is being restrained in its approach and is trying to take a more collaborative approach to these negotiations they do by keeping china or off of the manipulation list and keeping it on the watch list they do risk retain the option of later escalating china to currency manipulation status if they so wish so to some extent they keeping their options open at this stage. thank you so much by that professor richard walt and john quality of the game business program at the university of miami thank you both very much for your

time. thank you. germany's unemployment rate has increased for the 1st time in 2 years with $60000.00 more germans going jobless this month the official german german jobless rate for may now shows a 10th of the point increase to a flat 5 percent that unemployment rate is now just barely above a record low for post unification germany and still remains very low by international standards additionally the federal labor agency says 2 thirds of the increase is due to met for want of. a logical changes in the study but the direction of the trend may still be sufficient to shake up german politics many analysts had been expecting the cumulative burden of the u.s. china trade war and brags that to eventually exert some drag on the german economy the official german economic forecast for this year predicts growth of just point 5 percent and 2019. time now for a quick break here because when we return and the way the ball rather white coming

back from the point dr taylor let a man of trading help us come through they cut the current. and as we get a break here the numbers that. 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 you're paying. from the very 1st character that you type into the search bar it will always be worth one dog food over another one comparative shopping service over another and one candidate over another they can suppress certain types of results on what they think you should be see if they have this kind of power then democracy is an illusion the free and fair election is the more we give them the sooner we are all. to what we've got to do is identify the threats that we have it's crazy. let it be an arms race is very dramatic development only mostly and. i don't see how that strategy will be successful very. time to sit down and

talk. financial survival stacy let's learn about fill out let's say i'm not so i get. the fight wall street fraud thank you for. the story that's right. that's labor day. there's an international economic forum is a unique event in today's business world. over the last 21 years the forum has become a leading global platform for discussing the key economic issues facing russia emerging markets the world thousands of business community members to address today's financial issues. special forum coverage.

welcome back turning to venice well a new new official economic figures are available for the 1st time in a long time in the picture doesn't look good the venezuelan central bank has published its 1st updates since 2015 on the show rampant inflation and a shrinking g.d.p. the official figures show 2017 inflation at a remarkable 862 percent while in 2018 inflation shot up to a staggering 130000 persons the international monetary fund has samoud venezuelan inflation in 2019 at 1000000 percent the figures also show venezuelan g.d.p. in the 3rd quarter of 2018 falling by 22 percent compared to q 32017 unlike the official inflation figures the official g.d.p.

estimates are roughly in line with those of the i.m.f. venezuela's critical oil sector was both an example and a driver of the economic decline with oil sector activity falling by 25.8 percent year over year from q 3 of 2017 after a 15 percent year over year fall in 2017. the chinese on line shopping giant ali baba is making a big play of our cloud computing market share in brazil the alibaba group has announced that alibaba cloud will partner with brazilian tech firm. video to market if cloud services in south africa's largest economy interestingly the c.e.o. of us told reporters that ali baba's move into the brazilian market was precipitated by a request from an unnamed company that is also planning to move into brazil ali baba has a strong position in asia in cloud computing in south america alibaba will have to elbow out the 1000000 rivals including amazon google and microsoft for market share

. big point is still consolidating after its run. and $10000.00 looks like it's just within reach but let's turn over to all coins for a moment all season just started back in march when we saw a bit coin dominance fall to an 8 month low of 50.5 percent from there we saw a lot of the cheaper all coins get picked up some of them are 80 the 90 percent off their all time highs and traders felt that they've essentially bottomed out now there's a really big difference between bottom m.-e. out and slow bleeding the all coins out bottomed out still have projects that were supposed to that were supported and they had merit in the entire ecosystem the leaders are the ones that die a slow death since march we've witnessed many of these promising all points make a spectacular recovery over 20 of these coins doubled in value and some nearly 8 times in the last quarter joining us now to talk more about. the analysts as somebody trading so taylor we've seen a tremendous run up in some of these all points and i mean finance point b. and b.

has been unstoppable nearly doubling since the start of the year they've now secure the 7th place in the overall market cap when last year they were number 20 what contributed to this. many factors i contributed mainly and the most evident one is going to be the. initial exchange offerings so it's sort of like i see what we saw all 2017 these initial coin offerings but now they're really some exchanges so it makes it easier for customers to trust who they're buying those coins from and the main thing with this buy now it's achieving those high levels and the 1st coined in a while to reach all time highs in u.s. dollars at least since the $27.00 bull run by nancy cohen has been the main source of funding for these i initially exchange offerings once again are being launched on by its platform and customers are than able to spin they're being betokens to purchase these initial exchange tokens which have been forming quite well so these coins are going up 3 percent similar to what we saw with ice use or current on

exchanges and b. and b. the token behind the near term. going on by nancy is going to be one. user you can be investing with and so that's been driving being these prices the demand for being b. is going up because the demand for these are going up. we have many other reasons as well as their launch their own. which they can now incentivize coins to utilize their network and they've been teasing leverage trading on their platform which is growing more bringing more users and potentially we'll be launching fairly soon a lot of exciting things happening from finance including their decentralized exchange as well but then on the flip side you have some of these all points that are just totally dumb so remember how craig wright tried to copyright the toshi white paper and claim that he was the founder of decline that kind of b.s. to be up 120 percent now i actually thought those games weren't going to hold up but apparently it still did today b.s.p. is up again another 50 percent on fake news tell us more on that. yes i think it's

what we call pump and scheme so someone pumps up the coin by pumping up the fundamentals of the kind of hype around it so tweeting out a tweet about some official announcement that's kind of what we saw with this money was moving from the original big coin wallet that. moto was supposedly the owner of but that wall wasn't touched so what happened is somebody just generate this fake news and that pump up the price i think what's happening with being being wired to me maintain those prices like you mention is because it's been delisted for many of the larger exchanges so when a point is the listed some of the smaller exchanges will keep it but there's a lot less liquidity so there's a lot less purchasing going on at that point we're not seeing a lot of people buying and selling it on major changes because it's no longer able to do so and so i think it's easier for the whole price up and those large what we call wells or someone that owns a lot of the coin on a smaller exchange can simply manipulate the market easily. and tailor dominance is

much higher now at about 55 percent but where are we now in the season in all season is there another cycle following the latest run that we've seen in bitcoin. yeah i definitely think one is coming up but we saw one initial part of the year up until april when many of the all to begin reversing some of the gains they had early in the year what we've seen now is dominance topped out about 60 percent recently and so is now a drop down to around 56 percent 5556 percent currently and so i think we approach the lower fifty's close around 50 percent is when we're seeing some of the also pick up i think we're already starting to see some early signs of that like you mention that because it's like that 55 percent right now so and then volume is also increasing across the entire market not just in big coins so we're starting to see some accumulation those old coins and we're starting to see some even higher lows put in so we have a lower low in the higher level means accumulation is holding a holding pick up pace so i think we'll start seeing another all the cycle maybe a smaller one than we saw previously because big wins twain with the. very

important level psychological resistance around 10000 and so is this all begin to pick up in the steam we may have a little window coming up and one other specific all to ripple is one of christie's favorites they have been shrugging off attacks left and right from competitors both j.p. m. calling and facebook's calling have been supposedly the ripple killer but ripple still has a big head start on them does ripple have anything to watch out for with these new competitors. maybe not facebook's going global coin that they spoke recently announced i don't think it will have any real impact on ripple but the g.p.m. coin may have sort of. pull some of the table market the ripple would have otherwise simply does a lot of transactions right trillions of dollars worth and there coin is these simply trying to compete with swift and kind of the monopolized ties swift at the same time there's still some competing factors and we haven't really seen this much

of the technicals around the point of how it can be utilized but primarily it's going to be in a dispute between bank to bank transactions globally it's kind of reduce those fees . which is what i mean use case and so as we see j.p. i'm going to go into effect i think it could be a lot of competition amongst the banks to see which one before is better but i think ripple still is going to remain top dog i think for the short term at least we'll see you right up to you know what about global climate we have that facebook is actually going to be testing them in india sometime soon and on that. i think that's great and so global coin relative to going to be more between user to user so is going to exist within that the facebook ecosystem whether it's users in a transaction sort of like a pay pal between each other or if it's going to function as a way to then money via ads of buying ads or even paying users to watch ads there's many ways they can actually implement a global point in that ecosystem i think it's fantastic you need big adoption so

everyone's very familiar with the apple's facebook's microsoft and so each of these large corporations adopting provoker of the i think is going to kind of sweep provokers these up higher into the limelight and adoption will pick up a lot faster exciting times tailor letterman cut their currency and all of that somebody thank you so much. they do. and finally as the trade war rages on between the world su largest economies the fight has now spilled over onto television that's right on wednesday night trish regan of fox news president charles favorite network will be debating new show in the host of the point with lucian chinese state network c g t n the spat began when ms regan began by slamming alleged intellectual property theft by the chinese government too much lou to which ms lewis spawn did with this. is not referring to

china but the home where combined the dia trish props you need a better. well this escalated to ms regan calling for the debate on twitter which ms lou accepted while christie you know this is great that we know even in a time when we're having fights at the governmental level that a state broadcaster from the united states can have a debate with a state broadcaster from china i doubt that we're actually very eager this entire clip absolutely but it got like 200000 hits over the past weekend so i'm sure everybody's going to turn into that yacht while you know maybe we can have more of these things happen here in the united states more networks more u.s. networks having for better or for worse having a debate each other that's it for this time you can catch a boom bust on direct t.v. channel 321 dish network channel 280 or streaming 247 on pluto t.v. the free t.v. channel 132 are as always had

a sound that you spend. the next time. this footage is unique because the zoe tribal lands i'm normally off limits to the public eric's allowed in because he's this is personal don't. people here know him simply as dog to eric he's rich famous some always on the move sailing yacht some flying aircraft kept. us on. top. of this home. he's considered one of the best neurosurgeons in

brazil. that's happening amazon. allergies so sis going to busy away nothing's going to do the population nothing much is going to people on his own. what politicians do something that. they put themselves on the line to get accepted or rejected. so when you want to be president i'm sure. more some want to be preached. to the right to be prosperous like them before 3 in the morning can't be good. i'm interested always in the waters in the house. first sip.

of the project was good if you run your birth to a lawyer you missed it or don't blame people but. none of them want the response to mold cheaper food in the indoor. given our school should be a more serious. just. to steal the note must feel you presume this loop i'm going to you must feel to move him or used to the both of us and i was going out leaving the train you going to steamboat me is meaning to their history of trees to. reach your eyes because you're going to tell you what war you're more you would almost to. the old freedom doing. some good you'll meet someone who really was the. star of the. winds and also

a way of. proving page case closed all sides get something from special counsel as final say on the russian collusion report. that the. safe place is safe that the london well increasing numbers of the somali community in britain seem to think his parents have been setting the children to africa. in the u.k. . they feel for the safety of children they fear of safety. themselves it's created very dangerous for. israel's parliament post. triggering fresh elections in september.