place of major proportion is taking its toll on the swine stock our correspondent allison hale of it takes a look at what's in store for haas populations around the world and finally the u.s. house q but it's crosshairs yet again and at the moment paying maybe 90 miles to the north john campbell of the u.s. u.s. cuba traded in economic council to see how cruise ship stocks are bearing in these choppy economic waters you've got to have showed those let's go and dive right in. after much anticipation the ministry of industry and information technology in china has granted commercial 5 key licenses to the country's telecommunications network operators this signals a start of another way of a major investments in the world's largest mobile market amid a raging tech war with the united states china mobile china unicom china telecom and china broadcasting network were each awarded a license earlier than expected hoping to get ahead in the global race to deploy telecoms and while south korea the us australia and u.k.

have also launched the initial commercial services in the 2nd quarter of this year the scale of china's market is likely to dwarf the combined size of those economies negating any 1st mover advantage is while way remains fully prepared for the role and refuses to be delayed despite concerns on the u. of the u.s. blacklist of 7 suppliers. licenses comes after a fall i signed a deal on wednesday with the telecom network operators and he has to develop a 5 g. mobile network in russia over the next year. with more information on the d.l. we trying to. bury economic forum. the main intrigue that had to do with russia and the us head of the international economic forum in st petersburg was whether american businessmen michael cali who is now under house arrest in russia will come to st petersburg he had been doing business in this country for years and always attended the forum until he was arrested on

allegations of fraud mr kalvin is widely supported by the washington business community and elite and even the president's spokesperson dmitri peskov here said that the kremlin would like to see him out before him here in st petersburg but house arrest means house arrest and we didn't see mr calvery at the forum on day one now here's a crucial thing the u.s. ambassador to russia decided to boycott the same petersburg forum because of mr kalvin case and this was a clear signal from the u.s. government to the american business however the c.e.o. and top managers of companies like coca-cola google bull weighing in mobile p. and g. are here and same peter so perhaps the signal didn't really work out the way the

u.s. government wanted in the meantime guess who was the most senior international against this form chinese leader xi jinping and his status as the number one best is definitely also a message that russia is sending out to the outside world and the times of trade wars his words that fly who is his closest friend how's that for a headline coming out of russia on the 4. and week here's another headline for you embattled chinese tech giant huawei has struck a deal with russia to build the 1st ever 5 g. network in this country and we know that while we has been in turmoil since last month when donald trump banned american businesses from selling high tech equipment to the chinese tech giant that meant that while we users all over the world would stop getting google android updates well as you can see this didn't stop wall way

from doing big business and signing a massive contract to develop 5 g. and the world's biggest country. the reserve bank of india has cut a key interest rate to its lowest level in 9 years the indian central bank cut the lending their lending rate for commercial banks known as the benchmark repo rate from 6 percent to 5.75 percent this is the 3rd cut in that rate this year and quickly follows the you know your asian prime minister narendra modi for his 2nd term the r.b.i. governor shocked shocked econ to davos was appointed by mr modi in december 28th team mr das replaced the governor who alleged that mr modi infringed on the r.b.i. independence while the recent election was a major win for mr modi he is under pressure to revive india's economy which recently lost its title of world's fastest made in fastest growing major economy to china the latest figures show indian growth slowing to 5.8 percent in the 1st

quarter of 2019 down from 6.6 percent in q 4 of 2018. the global pork market is taking a major hit as millions of pigs are calling joining of it due to the swine fever epidemic experts say that it may take the market decades to recover as the virus continues to expand around the world are my hair that has. saw alex we have talked about this story just recently and now it seems that the spread of african swine fever may be worse than initially thought what can you tell us. this is horrible some are calling it the biggest animal disease outbreak in this planet's history we're talking about millions of pigs affected the disease spreads very easily it could be spread in people's clothing clothes or could be spread in vehicles and it lasts for weeks so this thing can travel quite rapidly from place to place let's bring up a map here so you get an idea of how this disease has spread started off in africa

a few years ago that made its way through europe we know that russia moldova romania poland even ireland are seeing signs of this disease that has made its way of course to asia where you have more pigs than anywhere else on the planet the african swine fever is also known as the pig a bullet so it just gives you an idea of the way it ravages these animals and now it's found in china vietnam cambodia magnolia. what i'm saying. is that mongolia and of course hong kong passing all the way and this is the fear that is going to go down to countries that are very pork heavy like the philippines thailand which is already the 2nd biggest producer of pork in the world as well as my m.r. so this thing is just rapidly moving these countries are in fear the borders there's checkpoints everywhere now in asia they're trying to contain it and that they're saying that it could be anywhere between 2 and 20 years even longer for this disease to be contained it is absolutely ravaging the markets 2000000 pigs have

a ready been called in vietnam alone so that gives you an idea of just how big this is. alex china is the world's biggest pork producer and consumer and it looks like they're getting hit pretty hard what's the what's the damage there think about a daniel $128000000000.00 industry for china alone and that's pork it's a massive part of their economy we're talking in the tune of 400000000 pigs and we're talking that possibly 200000000 of those might need to be cult. that's more pigs than the u.s. and europe has combined so you can imagine the biggest consumer and the brits producer of pork is getting hit hard they're already talking about 6 percent inflation just due to this crisis that they're having with pork itself you know 40 percent prices for alive pigs that jump by 40 percent in the past year alone this thing only hit china last august so you can imagine how quickly and rapidly it is

moving china's are ready relying now on pork imports from canada from brazil and from other countries such as the european union just basically to fill the gaps of the port consumers and they're also bringing in more beef and chicken trying to fill those gaps people can't eat pork obviously the prices are going up and that's really troubling in that country are bad news that is very ironic considering it is the year of the pig and china is that upside to this seeming disaster at all. yeah the upside would be this people need to get used to the fact that you can't put 400000000 animals together in these farms where you have 200000 pigs sitting on top of 100 to one another and that's how diseases created you fill in these animals full of antibiotics it's a cesspool so people have to step back we have to realize that the way that we need to farm has to be more sustainable which obviously means that we have to cut down on our consumption of meat to a certain degree so the upside is maybe there will be some sort of environmental

push and a push for animal rights for something like this to change practices so that we can still eat things like pork but do it in a way that's not only better for the animals better for the earth but also better for us real problems with factory farming sounds like the correspondent alex mahela bitch thank you for your time thank you and you know we don't want to be alarmist about this but this is really a really remarkable outbreak you mention this quote that a lot of people have cited about the biggest animal disease outbreak ever on the planet from a epidemiologist in hong kong and the other half of that quote is it makes the foot and mouth disease and breaks mad cow pale in comparison to the damage it is being done and we have no way to stop it from spreading i think that's the most alarming thing right now because we don't know how to stop this disease from raging out of control there is no vaccination there is no way to actually contain this especially since as alex mentioned like we humans we can be a carrier for this virus and we don't even know it so we could actually just be spreading out to further their populations by the virus humans can be

a vector and the u.s.d.a. and other experts say it can be spread by ticks it's very hard virus they can spread on vehicles or clothing this is a big story we're going to hear a lot more about this i'm sure. not to mention there is huge systemic effects because all of these pigs they actually rely on soybeans and all of the animal feed and everything like that so this actually has huge with passion for the agriculture industry as well implications down market. time now for a quick break but here because when we retire and the u.s. has cuba and its cost has. yet again and the economic pain is being felt 90 miles to the no on john column match of the u.s. cuba trade and economic council lend us a hand to see how crude docs are fairing in the topic economic water and i think got to break here the numbers at the close.

most people think just stand out in this business you need to be the 1st one on top of the story or the person with the loudest voice of the biggest raid in truth to stand down the news business you just need as the right questions and demand the right answer. questions. seems wrong. but i. just don't call. any. yet to shape out does this come after. and in detroit equals betrayal. when so many find themselves worlds apart we choose to look for common ground.

china does not want to fight like we are opposed to fighting up at the same time we're not afraid of it china is both in resolute and he's able to defend its legitimate rights and interests china is still holding the door open for the us china trade negotiations if the united states wishes to proceed with them he believes to be more sincere. google parent company alfabet announced thursday the acquisition of analytics

startup looker for price of $2600000000.00 with the ambition of adding the company to google cloud google's cloud services looking to make big gains in the space with the addition of looker as they have been locked in 3rd place behind amazon web c services and microsoft platform since us founding walker has raised more than $280000000.00 in funding and just 6 months ago saw their valuation at $1600000000.00 today's acquisition gave them a $1000000000.00 premium over their last round on the news alphabet stock has held within one percent at the open but it's still reeling from this week after the department of justice announced an anti try. investigation into the tech giant. has blocked him becomes more widely accepted could we soon see more traditional investors jumping ship to the nascent in tech are cheap it is our friendship who are caught up with our good jetstar men at the consensus during new york watching week to talk about the role in may play in future investment he was 1st asked about

how the his company plans to play this idea. arca is a full service asset management firm focused on the digital token space and block chain and we aim to give sophisticated in additional investors a place to gain exposure to the satellites what is the correlation between the traditional investment community and that of the crypto investing community i think right now a lot of the now in crypto investors are still in an exploration phase right now they're doing a lot of work on trying to figure out not only what this is and whether or not it fits in their portfolio but also who are the teams and the investor managers that they can trust to help shepherd them into this new asset class so they're they're learning i'd say some are further along than others every time we have a meeting it's some level of some different level of sophistication in terms of what they want to talk about whether it's the individual investments or it's really just more high level that they are engaged in their learning and they're coming they're moving on pretty fast how are they concerned about the regulatory landscape right now when you see like here in the u.s. with what's going on with tokenization and it's kind of it's it's not exactly where

not exactly an open committee like where you've seen singapore hong kong sure i think honestly that's more of a crutch than a real concern in fact even some the other concerns you hear about a lot like custody and security for the most part all those things have been solved or it's not really on their mind i think the biggest thing on their mind right now is just understanding whether or not this actually fits in their portfolio whether or not they can understand how to value it whether or not they can understand that they're there whoever they're representing with their money actually knows that this is the face of the right word but a real investment that can actually earn returns over time so regulatory concerns are are usually more. surface level but not necessarily like a real impediment to getting involved in this mess and you know when we look at it how do the investors feel right now i mean big going to perfect example today in the crypto investment space because we had 20000 couple years ago and now we're at a low of round 2 now we're back up to nearly 8 if not over

a. this may err whatever it might be 9 today i don't know. so how do they feel about that i mean with that volatile how the volatility of that particular one of the main calling but also as an investor is the biggest amount of money to make that right i don't think is all and also is not a bad word even when you talk about investors who are very focused on a risk analytics in your sharp or a sure shorts you know ratio and other risk adjusted return metrics they're not afraid of volatility they just to make sure that the return compensates you for the level of all told in a level of risk that you are taking so they're used to investing in plenty of other asset classes that are just as dull don't even more volatile it's more understanding that there is an actual downside protection or that there is an investor manager who understands how to manage that risk and not give them that 80 or 90 percent drawdown type exposure that we saw last year so i don't think volatility is an impediment either i think it's more understanding how to manage that and understand there are tools and real risk managers like myself out there who can help manage that for them and if i'm a traditional investor i don't really know much about crypto can you give me your

elevator speech to explain why it is a good way for me to invest sure i think the easiest way and some of the best way i've ever been explain to this is what the internet did for communication transform transfer is exactly what block chain is doing for acid transfer so if you think about the fact that you can now send a 100 page document to asia in milliseconds or you can do a video chat with someone in europe pretty seamlessly that's that's now common ground that's common nature right but it's still very hard to send money or to send other assets or to even have a digital representation of some sort of asset so a block chain can enable that asset transfer in the same way that the internet has enabled communication transfer that's a major problem. solved in this world and the cryptocurrency of the tokens that live on the block chain are needed to. instead of eyes and to help secure these blocks in networks that allow for the massive transfer. more bad news for mexico as credit ratings agency fitch downgraded both the country's sovereign debt rating and

growth outlook the peso fell in currency markets after fitch cut mexico's sovereign debt rating to be triple be perilously close to junk status fitch cited the recent terror threat from u.s. president donald trump in their revised rating and outlook on that front trump tweeted that the 1st day of talks between the u.s. vice president and mexican foreign minister had not produced a deal that would convince the president not to impose 5 percent tariffs on all mexican imports starting on monday june 10th perhaps even more concerning fitch cited state oil company pemex as debt and deteriorating credit profile as well as ongoing weakness in the macro economic outlook for mexico. and the trump administration has imposed new restrictions on americans right to travel to cuba including the ban on the broadest category of travel and on cruise ships docking in cuba the queue to trump administration moves are just the latest step in a steady march to undo the obama administration's attempt to move past the cold war

status quo here now to discuss more on this in detail is john catholic president of the us cuba trade and economic council thank you welcome back john. and john could really well 1st of all walk us through the the details of this latest rollback the ban on people to people trips and the limits on cruise ships. well the most important is that yesterday the trump administration told approximately 600000 u.s. citizens who had booked cruises for the remaining months of 2019 that they could no longer go up until that date about 200000 visitors had used cruise ships to get to cuba what the trump administration did was there are 12 authorized categories of travel to cuba and one of them is educational and under that is what's called people do people and in the case of the cruise lines the cruise lines themselves would get the licenses and then the passengers would go to cuba under those

licenses and so as of yesterday that's no more so just a quick follow up if you've got tickets already are there people who are stuck in the margins here that may have already booked travel if you are still interested what is the chances that that someone could still go to cuba after these policy changes. none of the cruise lines have all put out statements in terms of allowing customers to rebook cruises or cancel the cruises one of the challenges and which has made it easier for the trumpet ministration to do what it did was that when the cruise lines 1st began operating in 2016 they soley use cuba as a destination so people would get on the vessel in florida and they would go to cuba they would engage in activities and they would come home but slowly the cruise lines started to add destinations so cuba wasn't 100 percent it was 50 percent 25

percent and 20 percent from the trumpet ministrations perspective they looked and said this. is tourism this isn't people to people this is an educational there were no meaningful interactions and so somewhat the cruise line set themselves up for what the trump administration did the good news for the travelers is that they're all going to be able to get their money back they're all going to be able to go on cruises but not to cuba to other countries the question now will be will that number who was going to go to cuba on cruise ships will they in turn use the airlines and to give you some perspective the last 3 years u.s. carriers have taken over 2000000 passengers to cuba where the cruise lines have taken almost the same number so we may see some of those people shifting and using the airlines to go to cuba but now it'll be under what's called support for the

cuban people which is a much more intensive type of licensing experience you truly need to win selfie in cuba stay in a private residence eat at private residences the trump ministrations goal is to make a traveling to cuba for anyone other than a family member as unappealing as possible. so all of the economic status quo before this announcement in terms of overall number of visitors and how many from the u.s. and their income. i'm sorry can you give me that again share like what was the economic status quo before all of this announcement in terms of the overall number of visitors going to cuba how many visitors we happen the u.s. most other country and like the income levels. the for the from cuba perspective u.s. visitors to cuba last year were about. almost $4000000.00 and in

terms of the economic impact it was rather substantial u.s. visitors are the single largest group of arrivals to cuba the cruise ship operations they drop about $100000000.00 port charges or another $20000000.00 so visitors to cuba have been an important role player in terms of supporting the private sector in cuba supporting the self-employed and absent of that chunk that $800000.00 visitors from the cruise ships that's going to put a lot of pain with respect to the supporting the private sector which is what the trumpet ministration has said it's wanted to do so you know we have this conflict where the trump administration wants to deny the cuban government money but at the same time some of the money that's going into cuba is flowing directly to the cuban people excellent insight from john pavel the president of the u.s. cuba trade and economic council thanks for joining us. my pleasure.

well robots soon replace their job south korea is rapidly deploy automation and technology in various sectors of life including construction grocery stores tollgate collection shopping malls and the latest is coffee and cafes a robot bar east i can brew 90 cups an hour and about $300.00 cups in a day on a single charge of beans and supplies that is tremendous efficiency and also reduces the cost of labor however there is a worrying side effect unemployment south korea currently has the highest density of industrial robots in the world at $710.00 robots per $10000.00 manufacturing workers the global average was only 8 by robots per every $10000.00 despite worries of job losses the government is still aiming to expand the robot market from 5.5 trillion one to 15 trillion one that's

a 3 fold increase by 2023. well i think the real question here is can these robots read your name off the cuff and call your name when your orders are to believe they can and these robots are also are able to detect our voices as well so those that can detect voices so they already know your order because you've been there before they know your order they know your name they can detect accents they can speak in various languages so if you are not fluent in korean you can actually speak english and that robot will be able to create what exactly as you like it right and then in terms of the job losses. that come back i always heard of that is well services change in this country we had a lot of deindustrialization and people went into other services like food delivery and when people lose jobs and one side to the old will come up with other services that people will pay for. do you think that could happen. i mean it is possible but then there's also the worry that right now human drivers and those services white collar jobs are also being replaced such as now we have. driving cars and in fact

recently even traders like white collar professional traders in the equity markets those are also being replaced by automated trading as well and robot traders brave new world. that so far this time you can catch a boom bust on directv 321 dish network to 80 or skimming 247 on t.v. . 132 or as always hit us up at you tube dot com boom bust hard to see next. what he could. confessions would be. this population of all the converts.

any interrogation out there what you'll see is threat promise threat promise threat why a lie a lie the process of interrogation is designed to put people in just that frame of mind make the most comfortable make them want to get out and don't take no for an answer don't accept their denials she said or forward. santa statement. 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 the. sentenced to public. when the ruling classes protect themselves. with the financial merry go round be the one

percent. of the time we can all middle of the room signals. to leave room for the real news group. who was before. much of those who couldn't. move. move. move she didn't look beautiful little. girl look good. move. her good good. good look what do you do soon you will be

a key. if stored to go. starts to get to meet until it was a little the most they'd say look it is it's. just tests not a test just new it's the mashed old truck stop the president on please control this morning to. those who have petitions to go in this room to snoop or come up with new yorkers that as the girls are with you or your supporters to your shoes as they should shouldn't for you should cook door for one who's your business. person petersburg 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 and the world thousands of business community members attend the forum to address today's vital issues. watch our special forum coverage on r.t. . at. the end of the road for treason may the british prime minister officially steps down as leader of the conservative party triggering a contest with 11 candidates now vying for the job. breaking cover while the u.s. is venezuela with new sanctions that leaked ordeal recordings suggest washington's failing to unite the country's opposition.