and has little room for maneuver or air as they try to signal that they will not be fully while also avoiding actions that risk inflaming the notoriously volatile us past. and u.s. president donald trump is still in the united kingdom today for a state visit but he did address the concert to come across the border controversy with mexico and a press conference on tuesday with the prime minister to resign may trump said he expects to carry out the terror threat against mexico and said republican senators would be foolish to try to block the tariffs the us president also followed up on his pretty trip comments urging britain to pursue a no no deal bragg's it and simply refuse to pay the so-called divorce speech of the european union on tuesday trying talked up the prospects of a u.s. u.k. trade deal which would presumably offset the economic harm from the no deal brags that he also recommended but trump also went on to say that everything will be on the table in u.s. u.k. trade talks including the national health service which provides health care free

of charge to all britons earlier today former member of parliament george galloway addressed the threat to public services from u.s. u.k. trade talks. so the trade deal negotiations will if they found out all found are on the idea as i mentioned to you yesterday that our vital public services can be privatized and saul doff 2 u.s. companies no one will ever accept that would become the front line of the next british general election and anybody advocating it would not win the election. so this is an interesting president trump seems to be honest but that's behavior this visit and this is quite a difference to his normal very rash behavior and we've seen this before before he arrived he was indorsing boris johnson as the next prime minister he was urging a no deal bragg's and then right before he arrived he's attacking the mayor of london but then we've also on certain occasions seen him you know really make an

effort to show hey i can be i can be civil i can i can go through this photo opportunity with the queen without embarrassing anybody or saying anything untoward so i think that's a little bit of what we're seeing today might also lead us to wonder if he actually wanted to leverage this in good faith can the u.s. deal actually handle and offset all the economic repercussions that are right it's hard to imagine he just is just off of seeming to tank the u.s.m.c. a trade agreement with mexico with the terror of the rats and then tries to float the idea of a trade agreement with the u.k. with the threat to the n.h.s. which is extremely popular there you know not a good start and president like a lot of people i do have doubts whether or not to believe him when he intends to make.

they coined as again attempting from the 30 day moving average at 7700 and has since still a nice support level as this is the 3rd time we've retested this level the broader market is showing signs of buyer exhaustion as we see more red candlesticks i spect we hang here a bit more and consolidate 10000 is a big psychological point of resistance so we see a lot of profit taking here from traders who rode this entire 40 percent rally up already and are ready to cash out despite their trade bell bit quiet is still near its highest level for the year on trade war uncertainties market indicators that investors in china have been unloading then into move into big quine and other currencies in anticipation of inflation and a possible devaluation with more work done by investigative journalist ben swan and rocky miller a c c n so ben welcome we truly see big point china here as a global currency that knows no borders during these times of crisis despite the volatility it's seen it's been a great hedge against other asset classes and we've seen the flight to several

times of for. greg's crisis and now the trade war so to me it seems like the ultimate global currency so now what's with us facebook and their new global quiet as something that's essentially pegged to the dollar like how is this a global currency yeah so so obviously you know facebook which a lot of people refer to it as having its own crypto currency it's it's not a crypto currency it is a digital currency as you rightly called it the global coin that facebook is looking to put out is really more i think the better way to describe it it's like a very high tech western union what they want to do is create a digital point that allows you to transfer money to people in other countries and it would across borders but they want to get to the u.s. dollar and that alone isn't necessarily problematic but it certainly makes this global cooling different than other coins in that they're calling to the states. but any time you're paid any kind of currency you're going to vastly change the ability of that currency to kind of move beyond what what money has done in the

past and that's kind of the point of crypto currency is the point of digital currency is not to replicate existing systems but to create an entirely new financial system even so facebook does see a great opportunity here they have you know about 2000000000 users to all of their different platforms and specifically through what's up it's where they want to deploy this technology so that people can use global cooling essentially to send money into other parts of the world it's not a facebook original idea but it's certainly they have the platform to make it work and rocky facebook is already in talks apparently with the c.r.t.c. to launch this digital currency as early as 2020 now this looks like a bit of a gimmick to boost sales of facebook marketplace right this is supposed to integrate with their marketplace and make it easier for people to host and storage will currencies and make payments on the facebook platform they want to make the sale process obviously as frictionless as possible so users won't even have to leave but you can go to pay pal if they want to purchase something isn't it

concerning that facebook which has proven itself to be unworthy with personal data to say the least will now be storing your money banking information and spending habits. yeah exactly i think you know facebook's problems with that data privacy and protection of their customer information has been very public with a lot of exposure on this i think facebook has had an opportunity to leave the space to be ones that are out really championing privacy and customer protection but you know they haven't really taken that mantle and now with with the they're for it into crypto currency you know the underlying. incentive here is it's hard to . yes they will have a lot more information now additional information as well on your spending habits through the marketplace media and you know to add on to. the whole what's app discussion yes what's have disconnect many many millions of users and it could be seen as a benefit in terms of connecting

a lot of unbanked people that have mobile phones all across the world that can send and receive now currency through their through the application so that is a benefit of you know that is a use case that will benefit the general ecosystem but i'd like to say the same with the said this whole for a coming you know facebook coming into this it does for the larger crypto ecosystem there is a benefit there's a lot more scrutiny there's a lot more eyeballs on what's going on which i think overall is good for the industry but facebook's direct implementation and intentions i think it's yet to be seen the discussions with as far as we know are very very early stage. and then back to you we talked last time you were here about g.p.m. coin and how they are trying to broker international settlements between partner banks and we were a little bit warm on it and now there's also a competitor that's emerged phonology in an international represented by some of the world's biggest banks down there barclays to moto u.b.s.

and others 1 announced the creation of us c. corning what do we know about that. so us equine is essentially the same thing the g.p.m. coding is they're not exactly ripping it off they've been working on this project now for about 4 years essentially all these coins and again these are not cryptocurrency just to be clear so to the audience out there who doesn't really understand the difference there is a big difference between digital currencies and crypto currencies and these are not crypto currency but in this case what the u.s. is essentially is going to do is it's going to allow for transactions through banking systems across borders that would be much faster and more efficient and have a lot more security to them than the current swift system right now which is a very long and cumbersome system and these coins g.p.m. going and us both do the same thing which is allow you to make those transitions between the banking institutions the digital currency. these are all utilities settlement quien so you're absolutely right. consider at this point. we've seen

some institutional stepping into this game as we've just spoken about how does this change the broader landscape. yeah the promise of institutions coming in was you know less volatility greater liquidity you know better tools and more regulatory scrutiny and the space you know prior to the i.c.a.o. boom. you know as institutions have been coming in i'd say that most of that has come to fruition there certainly is a lot more regulatory scrutiny in the space clarity is coming you know day by day we have more information coming in from the f.c.c. from the c. of c. so that part of the promise it's fulfilling in terms of volumes i think between o.t.c. volumes and exchange volumes volumes are there and there are a lot of businesses now that are focusing on reducing the barriers of entry for institutions into the space by providing better infrastructure for them so it is it

is coming to fruition and i think liquidity begets liquidity so we see this trend growing. analyst ben swan and rocky miller this thank you both so much for your time. thank you. time now for a quick break but hang here because when we return silicon valley has found itself in the crosshairs of just about everyone from congress to consumers and the move in the way you wake of the revived antitrust movement tech stocks tanked our chief correspondent national banks and danielle she is simply trading log on to help us tackle tumble as we go to break. the 2nd best day of 2019 with the dow rallying 500 points or the numbers at the close.

you know world a big part of the new lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bats and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. for the project was good but you are the new birth birth or the like of you mrs if you don't believe people let's. look at them was the response to mold she put some of the night into a. different nashville is i assure you a minority view that. got pulled just before this new the know you've been easy in

this loop in the news media most feel the need i'm used to this and other most of us don't in the main continue going to stay in voting is winning the very least you kind of face it. you are never going. to get to critique your eyes to be as good as you know to you know what or who are you more you would almost today because of this the whole truth in doing this will go to. some list but really only someone who knows the. meaning. of the most in all it's a way of. we

agree. south africa's economy has suffered its worst quarter since the global financial crisis of 2009 the government government announced tuesday that their g.d.p. had dropped by 3.2 percent in the 1st quarter of 2019 the news appears to be concerning for president cyril ramaphosa cyril ramaphosa times of economic growth and reform africa's most developed economy was heard by widespread power shortages

at ask on the state run power utility that generates most of the country's electricity due to the power issues 3 of the african countries biggest sectors took substantial dives south africa's crucial mining sector fell by 10.8 percent the manufacturing sector is down by 8.8 percent and agriculture dropped by whopping 13.2 percent president ramaphosa places faces an uphill climb as a country faces are faced a recession at the end of 2018 and now has a jobless rate near 28 percent. after china announced on friday it would compile a list of unreliable foreign entities it wasted no time in opening products into foreign companies it believed harmed chinese businesses china opened up an investigation is that if i missed all of our packages and today announced i will audit $77.00 major pharmaceutical companies including the local arms of santa fe. eli lilly and bristol myers squibb this announcement came after a probe revealed a pharma producer of traditional chinese medicine overstated its cash position by

$4300000000.00 china is embarking on a major overhaul of its health care system to drive down the cost of generic drug prices so that more money can be spent on new medicines this probe will focus on bloated invoices kickbacks marketing advertising and affiliate fees to determine if firms deliberately increase production costs and rebate a part of their sales to medical institutions and staff. congress will now be taking a closer look at tech giants to ensure fairness in the industry amazon facebook google and apple have all come under scrutiny in recent years for dominating various markets and u.s. officials are now investigating if they having gauged in anti-competitive practices a wave of anti-trust probe headlines hit the tech industry and put the nasdaq at risk of a 10 percent correct correction r.t. correspondent ashley banks joins us from our welcome ashleigh's so what is the

nature of that the committee is investigating well this is the very 1st time that the house judiciary committee will be holding a series of hearings to determine whether there's enough competition among us tech giants now we're talking about tech giants like amazon facebook google and apple these are all going to be under investigation now these companies they the scrutiny over the years for dominating many markets including social networking online advertising online research e-commerce and mobile apps including music now i want to read you a quote from the committee which says quote based on investigative reporting and oversight by international policy makers and enforcers there are concerns that these platforms have the incentive and ability to harm the competitive process so basically look at miti it's trying to. event the worst case scenario here. so that's with the brief against the companies were the companies saying in response

in their own defense how are they responding daniel well as of right now there's ample amazon facebook and google and they seem to be a bit silent on the issue but i do want to make a note in the past apple has defended its practices saying it only collects a commission if a good or service is sold through the i want to read you a quote from apple which says our users trust appleman and that is critical to how we operate a fair competitive store for developer app distribution so the same as you can see so far there hasn't been much response there and aside from the house judiciary committee has there been any other criticism from anywhere else there has for sure now and recent years activists and politicians from both sides republicans and democrats they have put a lot of pressure on the federal government to do something about this now it took a while for these efforts to reach the mainstream and we have 2020 presidential candidates coming out and speaking out about this issue earlier this year we had senator elizabeth warren she says these companies they need to be broken up in

order to give other companies a fighting chance she says this is completely unfair if you want to start a business i want to start a business there is no way these companies would buy us up before we even get started and then there's former vice president joe biden he agrees with more and then he adds quote antitrust laws are not in force at all and spirit or reality in this administration it's worth a looking at and trump he even made mention of this saying that these companies are in trouble territory enter taking advantage of too many people so as you can see so many people are outspoken about this and you can definitely see the effect that has on the public market has not only for companies but they make up about 15 percent of the whole s.n.p. as a whole not to mention they're the leaders of the industry so you even if you take out that 50 percent other companies actually look to for guidance and leadership in the stock rallies makes a really big difference and even breaking them up seems to become more and more of a mainstream position they don't seem to be that. seems to be doing well in the

meantime he was making more acquisitions every day. r t correspondent ashley banks thank you so much for your time. thing stocks took a big hit on monday following the news of those antitrust investigations in the talks on capitol hill on whether the biggest tech giants need to be broken up facebook amazon netflix and google's parent company alphabet lost nearly $130000000000.00 in market cap collectively on the news these stocks however did make a bit of a comeback before market close joining us now to break it all down is do you know shade director options out simply trading welcome to you know good to have you back thank you for having me you know we know they rebounded late this afternoon but what do you make of this massive drop in market capitalization for some of the world's biggest companies. for me on the move yesterday it was absolutely critical looking at the way that the market acted throughout my one saving grace

throughout the downfall was the fact that the thing stocks really had not gotten hit in so as the rest of the market continued to fall it said well you know we still have our market leaders that's why i have confidence in the dips but what happened yesterday to me seemed to come a little bit out of nowhere but they hit facing told me that the markets even more vulnerable than i previously thought. we all remember the big microsoft antitrust case in the late 1990 s. my in the 2 years from the point the government filed its antitrust hardest to the resolution of the case microsoft's stock actually doubled going from roughly $21.00 per share to $41.00 per share so while investors use this as a litmus test for the facts costs. so i think the microsoft case is very critical because i think the 1st thing on everyone's mind when you hear facebook and google in antitrust is back to microsoft so when i look at the microsoft move back in 1900

. 2000 and beyond an issue yes microsoft rallied but we have to remember that that was also when the rest of the internet stocks were rallying out of control as well but after that bust microsoft really traded relatively flat for almost 10 years due to all of the bad news in the uncertainty surrounding the antitrust case and so for that reason i feel like google and facebook are going to be flat and or volatile for quite some time. and. you know we talked about the thing stocks a lot as a group but breaking them out individually they're different. concerns with each of them do you see any of them as being in more trouble compared to the others on antitrust grounds. so on antitrust grounds along with technical grounds i see google as having the most issue because when you think about google i mean

it's really so much a part of our culture at this point people google anything they need to know right and they take the 1st page as facts and at the end of the day google is controlling what you're seeing and they're also pushing the news out and so that has wide it reaching. wide reaching issues there additionally google on a technical basis the stock has completely broken down the las quarter its gaps down after the earnings report and has not been able to recover and this additional news hit has just destroyed it. and apple which is sometimes seen as a 2nd a in the bank scenario c was also named by the justice department as part of a broader review of possible anti-competitive behavior yet they've only witness a small slide of one percent after market monday and that along with the unpopular announcements of the new macbook pro a new monitor which has

a 1000 stand and the discontinuation of i ching. would make you think that they're struggling even more why is it that apple was able to avoid these big debts that other tech giants can't seem to avoid. so apple's a tricky one for me because i feel like apple has also experienced quite a big. but they also have the issue of china right now also apple has a pretty large segment of their business in china and that's going to be further impacted by the trade or what apple's trying to do right now is they're trying to increase their profits in a variety of segments into their service industries like microsoft. i'm not sure if that's going to be successful but i think that they need to shift more towards the cloud shifting more towards services if they're going to increase the variety of profit profit groups that they're looking to have. some right now as he said with

the breakdown of the market leaders that we've been riding on this entire year how can the entire stock industry recover are who are the new leaders are there any merging. so today i think it was a great sign the way particularly you did see netflix hold you saw facebook hold microsoft and adobe are 2 huge leaders that i would argue should be incorporated within thing so i feel like the way that those stocks in particular behave today. was was very positive but we need to see continuation and we need to see a breakthrough of resistance. seems like the i.p.o. market also dried up as well we had a slew of i.p.o.'s on that could like earlier this year but now with the trade war and the bad macro climate it seems like the entire i.p.o. market has kind of dried up a little bit. the director of options at some by train thank you so much for your

time. thank you. and finally jewelry loving option go as with a taste for historical kitsch you may want to send the better to the philippines president rodrigo do charity who has bragged about his role in extrajudicial killings has also approved an auction of one 3rd of the notorious jewelry collection owned by imelda marcos wife of philippine dictator ferdinand marcos over the objections of the marcos family boom busters who were alive in the eighty's may remember ms marcos and her fabled shoe collection among other artifacts of her husband's massive corruption the marcos' have s. were estimated to have improperly enrich themselves by about $10000000000.00 but now filipinos of means can bid on the jewelry collection seized from the marcos' estimated at $19000000.00 ms marcos was convicted last year of stealing public funds in november but is free on bail during appeals now kristie i know you saw this and your went to this 25 carat diamond that's

a 25 hair pink diamond flawless these are so rare like these things don't exist in nature anymore not to mention these are like the car to crown and the ball great diamond collections like the jewels from hermes movies like those burmese movies are like right now priceless well it sounds like you are experiencing these things you might want to send a personal bit of down to manila that's it for this time don't forget you can catch a boom bust at you tube dot com slash boom bust r.t. so you next time. i.

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play. list. playing. very well now can see you watching us in such. nobody could see coming that false confessions would be that in this population of. any interrogation out there you'll see is threat promise threat promise threat lie a lie a lie the process of interrogation is designed to put people in just that frame of mind make the most culpable make them want to get out and don't take no for an answer don't accept their denials she said therefore would. say i stayed there i

would be home by the next day there's a culture on accountability and police officers know that they can engage in misconduct that has nothing to do with all their cry. with this manufacturer come sentenced to public wealth. in the room in clusters and protect themselves. with the financial merry go round be the one percent of. the time we can all middle of the room sick. i mean real news group. has the time come for google and other big tech companies there's

a growing consensus the near monopoly status of many of these companies is bad for competition bad for the consumer and even for freedom of speech no doubt silicon valley is lowering up. how can we help citizens become healthier and happier than poor fools to 7th of july as our european business program ends around 2.7 should open health congress know the festival details don't have also been forum dot com 16 plus. the russian and chinese president taylor's unprecedented the current state of relations between their countries as she begins a state visit to moscow. a republican congressman defines a u.s. navy seal accused of war crimes saying.