tv Boom Bust RT June 4, 2019 5:30am-6:00am EDT
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there's technology and quash rivals the judge on the case on most mothers on is also separately hearing while we've been to overturn the trial and ministrations ban on sales to government agencies with the latest details on this controversial trial we turn to miles edwards international regulatory attorney welcome miles so all you this is certainly a juicy trial and c.n.n. has countersued they claim while way rewarded employees for stealing rival secrets the night council matthew gaz mentioned always lawsuit which incorporates one of its many 1st claims to be heard beneath the u.s. defense commerce secrets and techniques i was weaponized in the course in opposition to u.s. firms what do you make of this statement and how would this argument work. well i'm a true is going to work very very well kristie because it's not a very very clear argument i mean the act itself is based upon trade secrets and so what i think mr gross is trying to say is that while way is going to and we've
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seen it in the past few skate all the legal challenges against it by just creating more lawsuits and you mentioned it yourself that in march huawei sued the united states government for violating what's called the bill of tain men act under the constitution for labeling it as a security threat and what they're saying is under the bill of attainder clause no legislation can be passed that singles out an individual but when we look at the case itself the one that mr gross represents you know it's very clear that you know scenics was founded by a former wall way employee. ways accused of actually having one of its own engineers pose as a potential client of c. next to steal secrets but when we look at everything else a judge has dismissed a lot of the conspiratorial you know fairies in the case itself so i think that there is a lot going on here and i expect it's
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a very very lengthy lid litigation regarding this now miles while way before this was on path to becoming the world's biggest smartphone vendor by the end of 2019 but now that goal has been substantially delayed and set back by this u.s. ban today they have a couple more setbacks they agreed to sell off their undersea cable operations business and also reduced smartphone production orders with supplier foxconn what do you make of those 2 moves are they showing the 1st. yeah i mean the 1st one is while way marine systems really is suffering from the wall way name which is pretty toxic nowadays because the name is associated with chinese spying it's associated with being an organ of the chinese military and political system and it's extraordinarily difficult for them to negotiate any deals you know regarding undersea cables in fact the australian policy institute said that you
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know that business has really dried up for them now the fox com thing is a direct result of the trumps administration ban on wa way and the south china morning post did an excellent article recently where it said is you know again because they've been deprived of their android licenses based on trump's band the european smartphone market has has almost completely dried up for them so some people look at it as a business decision i think that it's it's a direct result of the us government's policy towards that. in the u.s. another telecom battle is taking place between team brant versus the d.o.j. as they try to merge but it looks like that if they want regulators to approve their $26000000000.00 merger they're going to have to slim down a bit and shed assets there are rumors now that amazon is potentially interested in buying sprint mobile is. prepaid wireless business what do you think the outcome of look like. now this is extraordinarily interesting because if you go back to 2011
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when the u.s. justice department blocked 80 entities proposed merger with team mobile they said a few interesting things they said that they believe that at least for mobile carriers are necessary to support a healthy and vibrant innovative and low cost. environment for cell phones in the united states so if you have a situation where the merger goes through we have 3 but then interestingly enough if amazon's. transaction goes through with boost mobile then we're going to have 4 and so amazon is more pivotal to the success of the merger going through than anything else and even though recently the f.c.c. chairman the united states went forward to support it it's really going to be a situation where if amazon can go through and do it then we're back to a platform for carriers in the united states and i think it's going to be
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a lot easier for the merger to go through based upon that. well being will all stay tuned to see if it actually goes through international regulatory attorney miles edwards thank you so much for your time. thank you. china state post fear of the country's top postal regulator announced saturday has launched an investigation into us delivery giant red x. after receiving complaints from users the regulatory bodies had margin show did not explicitly link the probe to ongoing trade spat between the u.s. and china or a recent situation in which while we accuse fed ex of diverting some of their packages through their u.s. headquarters and said of routing them directly to the asian destination ma said of the investigation into fedex can help maintain order in the chinese delivery industry safeguard chinese consumers of the tournament rights and help to ensure the safety and economic security of china's national postal service now for most of us get it not getting our packages is just
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a mild annoyance but for this it seems to be it seems to me that china is taking a firm stance that this is a direct attack against all a most people don't expect to have a package go to china and then have it end up in memphis which happened in this case the packages went to a fed ex global hub in memphis and apparently as we were going to air in the washington or the wall street journal i should say citing of person familiar with the matter that seemed to confirm that indeed changes to fed ex corporations internal protocols to comply with this while we've been pursuant to the troubling ministrations crackdown on weiwei this person seem to confirm that that was the cause of these redirected mr directed weiwei packages so there seems to be some smoke there at the very least to the same though if we seem to be a connection. u.s. aircraft manufacturer boeing has told regulators at the f.a.a. that they have discovered a new problem with the troubled 737 max mega jet the federal aviation
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administration alerted the public to the problem on sunday saying a total of more than $300.00 aircraft from boeing smacks and next generation lines may be affected by a manufacturing prob. what they wing parts the f.a.a. says a failure of the suspect part could not cause a plane to crash but could inflict damage to a plane and flight in the meantime those 2 deadly. crashes seem to have cost boeing another big sale with a johnny airline. canceling a $1000000000.00 contract for $10737.00 maxes citing safety concerns boeing stock which has been on a down trend lately took a hit as trading opened this morning but it is starting to climb back north beach and has been bouncing between 33836238 dollars in trading today on the new york stock exchange. time now for a quick. way it's. only. a
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. doing. mexican foreign minister marcello abrar it is in washington today leading a delegation that seeks to convince president trump to abandon his latest terror threats the group also includes mixed conservative secretaries of agriculture and the economy but noted lee excludes officials with primary jurisdiction over immigration issues mexican officials have sought to keep trade issues on a separate diplomatic track from the immigration issues that mr trump is trying to advance with the terror threat before the delegates had their 1st meeting mr trump seemed to dismiss their efforts mr trump said via twitter of course we want action
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not talk and remarks to reporters mr abroad wreck rejected the trump approach. what we have a common. boat how to solve these this is a question of you. because there are only phoneys 2 factions is not going to work this is not working. so we need something else. with those tariffs on mexico the trumping ministration has opened up yet another front in his growing trade war which is having some consequences for the markets this move opens up uncertainties in the market and as a piece of business write a stand coke planes sparking a major sell off in the market. what's worrying markets now is that this mexico tariff situation is completely out of left field nobody was expecting it and if you have these things popping up it's uncertainty that the markets hate most of all
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they do not know how to handle that and their 1st reaction is to sell. this is a mayer selloff has taken its toll on many sectors including commodities here to help us break it all down our chris what the founder of swift trading company and todd horwitz chief strategist. thank you both for being here. so 1st we really want to touch off on friday and what you said regarding gold you wrote that i can't say that gold shorts are panicking quite yet but i can see a change in the pattern and with all the negative liquidity that it's had surrounding the gold since the highs of february 19th the bottles may finally be end so what's the latest take on the gold market. gold is going higher i think that you know we saw the bottom was put in we saw the 127 the level hold a number of times we got a couple of attempts to break through and finally on friday we broke out the side and we're continuing today so i think gold is now reversed the downturn we've been
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in and is now going higher now some of that is because of the uncertainty in the markets some of it's just because it was well oversold and another thing is just destroyed trend is now to the upside so now i think you want to be a buyer gold i think we at least test you know the 1215 maybe the mean 1350 or maybe even 1400 before this move is over so i think we're going much higher no. now chris over to you you had some really good comments on last friday on the recent rally in the core markets so right now given what you see with the terror threat against mexico from the white house what is your take on the consequences of this rally and then the sharp turn around on friday for the karma for the markets think out on be. sure the core market what we saw more than likely is just the lack of being able to get the corn crop in the ground last friday were 58 percent this monday we're looking to be somewhere around 70 to 71 percent on the planting intentions there. i think the decline in the market that we saw over the weekend is
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due to the tariff issue with mexico i think that traders and everybody's getting kind of terror fatigue it was. a slogan that was coined as more and so i can see where a lot of us would would have that issue out there with the with the tariffs we've just seen so much of it and seemingly they've been i'll be working. and speaking of that terror fatigue back to the time you the as you mentioned the delegation from mexico is here today a high level delegation. to try to convince trump to change course and mexico of course is a huge exporter to the united states what do we seeing in terms of market reaction so far from that threat and thing in terms of 2 key exports tomatoes not the kind of what's the outlook for prices for a side of guacamole after this latest drama. well. as chris said the grains have been going higher ok there are more of a supply demand issue and for years we had well over supply so we've had
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a tremendous really i mean corn sold off $0.04 today which is after a $1.20 really is right it isn't much to talk about so i think the grains are going to i don't i think president trouble is doing absolutely the right thing to take care of the border and they're going to have to come in you know one thing we have to remember is we still are the biggest supplier they're still going to. the congo as terrorists or not and if they don't want to take care of the border issues then they're going to be without or they're going to pay more money i think it's i think it's a simple plan but the grain markets themselves really continue to push themselves higher and i think that's make sense because now there is going to be possibly some sort supplies and all the sudden we went from this oversupply did get conditions to some issues so i think that's what you're seeing and i think in the cattle market you saw some force liquidation thursday and friday i mean we did most of the volume within 5 minutes in both feeder and live cattle on thursday and friday so to me that looks like it's a bank or somebody forcing somebody out and of course the quotation. now cast on
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friday also recommended to hold all long positions on corn is that also your advice this week. yes it is a matter of we don't know what the damage to this crop can be just yet even if they end up getting 100 percent of the year of the underground you have some yield detriments and you'll also have a lot more on harvested acres with the muddying in of corn and some of the flooding that we've seen around the low lying bottom feels. like a rally in the bond market at what we know about that situation well that's been pretty interesting any time you have to start lowering the price of money to entice someone to come and borrow it there are some issues involved there and when we look at for our producers out there is a lot of them used money so now that we've had a little break in the interest rates after we saw the 182018 rise in interest rates this is a little bit of a reprieve for them so it looks to me with the rights back down the way they are right now in the bond market 8 days in
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a row it might not be about to talk with your lender about rejecting some debt. and just to get back to you know the other we're always talking about tomatoes and i think the toes want to guns in mexico really let's bear down on that is it really going to be as extreme as people are predicting with those particular commodities if these. terrace really go through. no i don't think saw it again i think in my opinion the companies use this to raise their prices whether they get a raise or not and of the problem is unlike all oil you know oil goes up and down and the companies help a few cents off it unlike that you go to a restaurant or you go to a supplier they raise your price they never come back to i've never seen starbucks back down after coffee is that 10 year lows so again i think it is more of a bunch of rhetoric and it doesn't mean anything and they're going to raise your prices because they can because it's acceptable and they'll just make more profit that's what your earnings reports when they come out of the quarter and see how
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much more profit they made after all this this wedding my brow tariff talk. trade and our hearts above the train thank you both so much for your time. thank you thank you. natural gas giant gazprom on monday became russia's most valuable company after their shares shot up to their highest value since 2008 the state owned natural gas enterprises shares rose by 12 percent monday morning peaking at $241.00 roubles per share or roughly $3.68 per share on the moscow stock exchange with a total market capitalization of roughly $5.00 trillion rubles or nearly $86000000000.00 gazprom eclipsed russia's top lender snow bank as the nation's most valuable company the company has seen huge gains since may when they recommended
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more than doubling dividend payments over the year prior last week gazprom alexander ivana cough added that the company is working on a new dividend policy that would aim to bring devon payments up to 50 percent of net profits within 3 years how can the arctic region be protected from the impact of human activity. such as oil and gas production my nanchang that contamination of arctic waters with hydrocarbon pollution would be near impossible to clean up even by mechanical means but russian biologists now believe they can use new and more natural methods for the cleaning process artie's yuliya shop of ali has a story. inside these flasks invisible life boils apart from water and oil they contain bacteria supposed to eat the oil and leave the water crystal clear and free from oil pollution in the laboratory of moscow state university biologists are working on crazy and i crave agent to help degrade begin small man made or oil
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spills in the northern seas of the arctic the project was initiated by russia's oil giant ross net and the nongovernmental in a proxy institute they prepared and send the biologists of miss you to the arctic to take numerous samples of microbes in the ice cold waters to single out and then cultivate the oil eating bugs here again. and i will generally the use of oil pollution techniques using microorganisms have been around for a long time it's already possible to target oil pollution in moderate temperatures but at the moment there's no means to clean up oil spills at negative temperatures in icy conditions and that we found such a microbe that lives multiplies and hydrocarbons at minus 4 degrees celsius it can do all that in the ice. this method is particularly relevant for the arctic it makes it possible to restore the properties of the ecosystem that existed before the impact introduced by people it is used in conjunction with traditional methods
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for the elimination of oil pollution. the oil eating bacteria naturally occur throughout the world's oceans and can be found in high amounts wherever their oil leaks hydrocarbon organisms have successfully been used to help clean up major oil spills including the b.p. spill in the gulf of mexico in 2010 recently scientists from the united kingdom russia and china found all eating bacteria even in the ocean's deepest mariana trench the books he read the russian biologists found love the cold they live in the arctic and temperatures of plus $25.00 degree so says illegal for them. our method with the use of the oil eating microorganisms is no different from what naturally takes place in the wild except for the fact that with the use of our substance the process of cleaning up will run dozens or even hundreds of times faster so we're simply accelerating the natural process is our product will be applied in a dry form it is a dry powder and the microorganisms are in
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a dormant state ever us it was important to select such microorganisms that could survive the process of drying. scientists say the absolute majority of hydrocarbon loss does not occur as a result of major accidents but as a result of chronic spills for example during refuting of boats and fishing vessels or when a tunker laden with tons of huell leaks part of its cargo in many poor cities in the arctic there are often small quantities of oil that can be removed with mechanical methods so remaining oil film is supposed to get eaten by microscopic bugs. i'm sure the substance that we develop will be on every ship in every port city in the arctic and not only there so that the slices appearance of pollution we can immediately use the nature like technologies use microorganisms to dispose of any oil contamination after consuming the oil the microorganisms leave nothing behind by c o 2 also and microbial biomass and these biomass is then eaten by some
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other life forms like plankton fish the plankton thereby maintaining the food chain in the ocean the scientists say they are in the final industrial stage of this work as the expeditionary and laboratory stages have already been passed when will we see a clean oxic and everyone will bow down and say thank you. i think that in 2 years we will have all the necessary documents and regulations so that such a substance can be industrially manufactured next that scientists are ready to go on and develop new nature like technologies for warm seas fresh water areas as well as for breaking down oil in the soil all these measures are part of russia's federal program as the country develops the northern sea route discovers new large oil and gas fields in the region and deals with old soviet military bases around the arctic circle at the latest arctic forward april it was highlighted the country had taken responsibility when it comes to preserving the unique nature and fragile
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ecosystem of the arctic as well as protecting flora and fauna from human exhibit. see. that was awfully fast name but i do wonder what are the effects around the local habitat if they introduce like army of these microorganisms into the surrounding region like this could actually do some harm for like all the quote reefs and everything to who actually also need oxygen as well sure would something introducing a new life form in large amounts compared to the natural amounts you always have to think about some unintended consequences there but it sounds like the waste only produces c o 2 water and biomass great if they can do it and they say within 2 years they might be able to have full. production levels where they could actually deploy this on boats that would be great it would be actually really close see how like during the b.p. oil spill like if this what i would have had an impact on the current environment. we'll see that's it by this time don't forget you can catch that youtube dot com.
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much of those who heard it's a preview are few other movies to see him we will. we will we will. move. move. move show you this look beautiful live look i mean it's going to look good. more muslim also these girls will give you films for good girls. to go to shows so look i do the same you believe to show the story to the you should go. to starts to do it's needed so it was the little one wished they'd say look it is it's. just ashton understands to just me it's the mash told. to stop the president and please please from this project until.
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those we have petitions to go through this were to snap them up when you have because that is the girls who are with you sir your supporters to your shoes through sure sure mr you should put off the one who's devoted to the request to. come back to. the headlines this hour donald trump the outgoing prime minister to resign meeting in 10 downing street as part of the u.s. president's state visit to the u.k. on monday he met the queen with protests outside buckingham palace from all sides of the race based genocide if that's how i mean can i.
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