covering the world of business and finance and the impact on doing your job and i'm for see i in washington here's a look at what that today. began at the summit meeting in japan. the institute for china american studies are standing by to explain how this could reshape major aid to make insulation. and the rest of the world. california has sound an international ally in their fight to preserve clean air standards and mitigate climate change are to correspondent allison hayward at joins us from toronto to break down the fighting. later but one who has hit the brakes after tearing it up over the past week miller the c.e.o. is on him to figure out what's going on with things that he's got to show to those who would go and write in. a bold demand that head of the sheetrock meeting at the g 20 summit leaders are global report today as trying to reportedly insists that a lifting of the u.s. ban on the tech giant be a part of a resolution of

a transpacific trade fight the wall street journal cited chinese sources familiar with the negotiating strategy and the other conditions president xi jinping will suggest for creating what the business paper characterized as an optimal bilateral relationship the report also listed a lifting of punitive u.s. tariffs and an abandonment of previously floated pledges to increase purchases of u.s. products among the proposals negotiators will bring to the table in osaka japan u.s. negotiators for their part are said to hope just to pick up where the 2 sides were before talks broke down. meanwhile ahead of his arrival at the g 20 u.s. president donald trump seemed to open a new rift with our allies even as the fight with china drags on mr trump tweeted a complaint about india's decision earlier this month to increase tariffs on $1400000000.00 of u.s. imports across $28.00 counted towards mr trump and his grievances with policies ahead of his thursday meetings with prime min. mody 1st in tandem with the g.'s g

20 host japanese prime minister shinzo rb and then separately and you move it up certain history trump was a delayed response of the trump administration's increased tariffs on aluminum and steel the indian government deliberated for a year before hitting back the choice of the trumpet ministration and made to revoke prized unprofitable g s p status for by a 1000000000 dollars in indian imports may have tipped mr modi to retaliate and joining us live in the studio to give us his expert insight into the g 20 and all the issues on and off the agenda that are moving the markets throughout the senior asia pacific specialist at the institute for china american studies. welcome back 1st of all catches up on what's happening in sort of the g. 20 pre-game sort of speak what should we know about what's happened thus far and what should we be watching for want to really gets going. we should be watching for 3 things in particular 1st it is the tree. meeting and whether they can

put the conflict back on the rails and try to reach for a solution. secondly we should be looking to regard to whether our this truck we should be looking at the meetings trump is going to have with other major leaders particularly vladimir putin i mean they never get to sit down these are the 5 members 2 of the foremost powers on the of the member talk of the heads of state level so that's an important meeting and the 3rd thing we should be looking out for is given american you need actual islam will this summit devolve down to $1000.00 plus one scenario which you did to some extent in hamburg germany last time or america 1st become america a little bit so we should be watching for that and then on the lingering us china trade on terror by we noted that the chinese delegates indicate a wall street journal that they were putting onto the table several conditions for traitress among them lifting the ban on way now china seemed notably cautious or perhaps conservative in their. but this demand now seems much more bolder and they

clearly tell us to send a signal and a black us business outlet is trying to shift into a bolder approach and can they think here these concessions yes china is shifting to a bold approach but a little background out here has always been part of this negotiation it's been not up front but it's behind and even i think of a couple of weeks back steve newton mentioned that. if well where is able to give us comfort on certain certain areas we would be looking to remove some of the bans on who are a bit here's the interesting factoid where you can happen. whoever is under the scanner and under bans for a variety of reasons you know those last years in a national defense authorization act ensured that there would be a normal through procurement from who are where. there's an executive order placed which is evaluating our supply chain stock on supply chains here and the role of

adversities chinese adverse trees perhaps in that supply chain but here's the really interesting factoid when while we was placed on the into t.'s list that was done for national security reasons related to that arrest of the lady miss manning which relate to iran sanctions sort of if we can have comfort on that front on the iran sanctions front and have some sort of agreement on where you know they can be off the entities list and that is primarily what they seek so yes the chinese have been aggressive but there is a window an avenue for this for this for there some of their demands to be met frankly and before we go too far with this report that they've demanded a lifting of the waterway ban i should note the south china morning post had a much different take the post reported that the u.s. and china had essentially agreed to a trade truce to be confirmed at the talks citing one source in beijing and 2 in washington what's the truth here and what should we make of the fact that we have a clear conflict. i report on such a basic point that's

a good point i would i would actually submit that there isn't that big a difference between the 2 reports the chinese are form on the who are very front but they are also not doing it in ways that would torpedo a larger negotiations so they want to argue it to be front and center not just as part of the backdrop in the trade negotiations going forward but they were don't want to do to scuttle those negotiations and they want to get back on back on the rails the interesting point again out here is much of this dial m.o. is one of donald trump's creation he would likes to have leverage going inside the chinese have given a lot they've walked back a little but now the chinese are actually saying of the table you know we gave you a lot you need to give a little and donald trump is in the dialer mark how much he gives at what point he calls a trade war of if he calls the trade war off or no and he doesn't want to go into

real action with a trade war frankly because it's hurting farmers ranchers and a lot of folks back you're so he's in the dollar amount of who's making and the chinese are playing this hard but but in the broader context of having a successful negotiation now there's our cell lot of friction between the u.s. and other our sense of our allies ahead of the g. 20 summit japan the e.u. and remarkably india the u.s. president was tweeting complaints about india's recent tears against a fairly small amount of u.s. products just as he has that to me with indian prime minister narendra modi now are we seeing the u.s. on another front of trade hostilities and could this friction affect the u.s. india security alliance no i don't think it will affect the u.s. india security alliance but india is coming under the scanner of the trumpet ministration the trumpet ministration has absolutely make it made of norm that they might have if section 3 or one case against india the way they had against china there will be. literally made it known the war to india loses many of those h one

b. visas the rich are prime probably used by indians and then 80 percent or 70 percent of those go to india and so that's a live rich point and these are the physical bleakly be made known to the indians but what i would submit tokyo is look question is whether the us government has the bandwidth to do and fight so many fights i moved to new me remember the us m. c. a trade agreement has to be ratified on the hill like tories are spending a lot of time over there for education. in japan or 2 issues there and one just doesn't move the bandwidth to oh to take this fight to india or perhaps will this happen in early in the next term if gets reelected a lot of balls in here 0 groups of i see thank you so much for your time you work. for us european business has been struggling and the company announced that it will cut $12000.00 jobs by the end of next year to try to turn the business towards profitability this is part of

a cost reduction overhaul as ford faces stagnant demand and a huge investment cost to build low emission cars in europe to meet the new e.u. emission targets which will come to terms and 2021 ford europe has been losing money for years and has been under pressure to restructure its operations after arch rival g.m. recently gave up on its european business altogether opting to sell a tip ago this is nothing new for investors as ford in the past has slashed jobs closed factories and killed vehicles in europe in 20122016 earlier in the 1st quarter of 2019 this is the 4th overhaul this decade that ford is restructuring its money losing operations in that region but demand for cars in europe is falling and the industry surveys predict sales will stagnate or decline in the next 3 years ford says that it was intense and double the possibility of its commercial vehicle business in europe supported by a restructured joint venture in russia and a strategic alliance with volkswagen. general. fornia has found

a partner in the fight to reduce air pollution with the state not seeing eye to eye with president trump when it comes to vehicle emissions california has gone north of the u.s. border to make a deal with more we're joined by our team alex mahela that in toronto. alex california is seen by some as a green leader now the state has bypassed the u.s. federal government and partnering with a foreign country in order to get things done tell us about it. well let's let's be frank here the candidate in california have actually been working together for a while to get things done so this is not some sort of reaction to what's happening with the trump administration from the from either party really the 2 parties themselves have been talking about 1st of all lowering emissions in light vehicles or light trucks as well as working together to enhance and to push forward green vehicles such as electric cars so this is been a project a long time in the making and now they are actually pushing forward with it now one thing to keep in mind here is that canada is saying yeah we want to push forward

with you but they have not agreed to a standard like california to reduce emissions so it's something kind of us looking into but it really hasn't latched onto it yet if you look at right now canada and the u.s. are in tandem when it comes to lowering any type of greenhouse emissions and emissions from automobiles and other vehicles this is something that is actually a rarity in this world other countries all have their own standards but canada and the u.s. have tied their standards to each other now the stricter standards that exist right now are in california and 13 other states and for president trump well that's something that he's not really into at this moment i was for canada california canada my job on board but you know trump's really worried about the states within his own country when it comes to those he just doesn't like it one bit now speaking about president what exactly does he want from the. what president trump is talking about you know he's looking back at what president obama former president obama put into play and that's this reduction. in the greenhouse gases in the reduction in

emissions from automobiles and there's a plan for that and president trump a say no let's put a pause on this he wants to stop at the 2021 emissions goals here's a graph this basically describes everything for you it's a projected emissions under obama and under trumpet out here's the here's the thing as you can see in this graph the difference equals to hundreds of millions of tons of c o 2 is being released into the atmosphere now california and other states would actually like to reject this relaxation that trump wants to push through and that is putting them head to head with the federal government actually there's a threat the administration has threatened to challenge california's legal right to do this but back in the 1970 s. of where in california they got this right just simply because of the smog that was affecting cities like los angeles also you know what we're seeing here from the federal government is just a lack of will to discuss this and to push this forward so california and the 13 other states well they might be going it alone as for president trump no decision

has really been made at this point and alex quickly the climate crisis is also on the agenda at the g. 20 in japan but not everybody is on the same page what's the latest. well as we know president trump is a bit about climate skeptics so obviously not on the same page with somebody like francis micro who's been pushing this forward who is a big proponent of the pair's accord and here's the thing it's all about the language what's going to be pushed through at the g 20 that the final communique from the g 20 when it comes to climate change the micro wants to see the paris accord in there he wants to push these countries forward he wants to push the efforts forward and he wants everybody to be on board with doing some making drastic changes obviously president trump stalled on board but here's a key issue here in best years managing more than $34.00 trillion dollars in investments around the globe that's nearly half of the world's investment capital they put together a letter in there say they want governments to act on climate that's what they're telling the g. 20 a and if everybody anybody knows investors and money that's president trump so

maybe you'll listen to them money talks are actually correspondent alex miller it's thanks for joining us. thank you. time now for a quick break but stay tuned because when we return coins a bull market has hit the brakes after tearing it up over the past week rocky miller the c.e.o. betsy on is on hand to figure out what is going down within seconds and as we go to break here are the numbers of the clothes. i. manufacture consent. when the ruling class is

protect themselves. time to ignore middle of the room sick. leave around the memory leave. 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 out of those business you just need as the right questions and demand the right answers. to. questions.

that are owed to the birds or head the ball behind or to feel good to say about tiger. everything is the deal it's. just a pity the cannot or should it. be so much i'm going to move. on i'm going to diffuse it oh i'm not must go from home when there's more snow sleet. they are the house from the. god since we're. in the i don't need. to meet don't hate. this kid or to. think of. any. kind of a system decision for me and point to him in the midst of them run them shithead.

join me every thursday on the alex salmond show and i'll be speaking to us of the world of politics or business i'm show business i'll see you there. in more g 20 preparation news there is an item from the crime blotter to report a member of the brazilian president gyre bonsa narrows entourage was arrested in spain after police found 39 kilos of cocaine in his bag when the plane he was on landed in seville en route to osaka japan sargeant men while still the rodriguez was traveling with members of the president's advance team in a separate plane from the president when police found 37 bundles of the stimulant in the airman's bag the incident raises a number of inconvenient questions for the brazilian president who was elected on pledges of an iron fisted approach to crime as he arrives on the world stage and

seeks to build confidence among foreign investors back home mr bronson there expressed confidence earlier this week that brazil's lower house of congress will pass a spending cut package before their recess and july. u.s. economic growth accelerated in the 1st quarter however the export and inventory boost to actively masked broader weakness in demand g.d.p. increased at a 3 point one percent annualized rate unchanged from prior readings but consumer spending was revised lower growth and consumer spending accounts for more than 2 thirds of u.s. economic activity which was revised down 2.9 percent from 1.3 percent the weakest in the year excluding trade in tory's and government spending the economy grew at only a 1.3 percent rate in the 1st quarter this is the slowest rise of domestic demand since demand since the 2nd quarter of 2013 the u.s. central bank last week signaled interest rate cuts as early as july citing right.

risks to the economy as momentum in growth is slowing with manufacturing sliding and the trade deficit widening again. economists polled view the 3 point one percent figure as exaggerated with trade chance to china mexico unsettling businesses and dampening consumer confidence which partly negates the strongest labor market in decades. while many are alarmed by the sudden 18 percent drop in big point in the last 24 hours the rest of us hollers aren't even sweating it we're actually cheering that big point now gets a chance to have a healthy consolidation and a pullback now i want to make a point to something that was said earlier this week by frequent boom bust guys peter schiff when there was doubt that big point is a store of value and he said. i don't think they're correlated to reality i think people are gambling with crypto currency is just the way you would gamble with a casino but that doesn't mean i would advise portfolio managers to take the allocation to buying lottery tickets or or going to las vegas now for all the

naysayers that say that bitcoin is not an emerging store of value let's take a look at the definition a store of value is an asset in which you can exit out of out at a later on time at the same value if not more in the comparative currency bitcoin has been around for less than 10 years and in this short period of time there is only 40 days when you would be in the red buying into it 40 days that's nothing and that means for the rest of its existence you would be positive and that's incredible that's an emerging store of value the last few days we see real institutional volume coming in and we saw a buy for big client $8000.00 vacant yesterday afternoon and grant's greyscale investment trust surpassed $17000.00 meaning that investors are paying about a 40 percent premium to market in their order to buy big point spots these are exciting times and this pullback is just another buying opportunity to accumulate and now with more we bring back rocky miller. in so rocky now this 18 percent drop

is barely a 5 percent correction most of the traders are familiar with bitcoin patterns and are expecting a 30 to 40 percent correction but this doesn't look like that to me i think this is just a little pullback maybe back to below 10000 what do you think. yes of the 10000 mark is is really important like right now there's still a lot of support at 10000 there are considerable amount of traders out there that are waiting to you know pick back pick it back up at that level one set of missed the last parts of the bull run so the support indicates that you know the 10000 level will stay for a little bit longer than i think some people are predicting now it is also very psychological. level you know this 10000 mark mark for it to have been crossed it's really brought out what looks like a retail full mo in this because that of the price acceleration from 98 to 13 kids have been just in a matter of days so you know if it goes below the 10 k.

mark for a slightly extended period of time we could see that 30 to 40 percent pullback but as you said there's a lot more institutional volume there's in fact just a lot more volume if you look at bitcoin at the height of you know 2017 when it was trading at $20000.00 global turnover was daily turnover was 19000000000 now it is 44000000000 that is a magnitude larger and you know this is showing in the infrastructure as well we've had outages in bold finance and point base and sometimes that also tends to instill some kind of fear and a little bit of pullback but the level is very important yes now big question dominance is right now at 61 percent and that is high and the cycle it seems definitely longer now that we see more institutional involvement when are we going to see the point start to pick up. yeah the big question dominance of 60 percent is kind of in line with was again trading at the height of you know the 1920 thousands

what's been interesting is that this this run up in court has not been met with all coins in the trading circles there's a lot of talk about all coins you know. being lagged lagging behind bitcoin in the run up so there is dissipated in that it will it will happen but really if you think about what's been happening in terms of pulling out certain support for all the coins or by nancy pulling out of the u.s. the access to all coins is becoming a question 7 and i think that that is going to weigh heavily on on some of the old coins but at the same time. reduces you see coin strong points like. theory and pick up and leave the void where bitcoin is you know leaving room there so this just really goes to show all coins that have a solid value proposition and usage are going to you know follow along the footsteps but you know because it's been there for 10 years it's proven itself and

that's still going to be the gold standard in rocky we attributed some of this rally to facebook's for e into crypto currencies by introducing libor fees because introducing the masses to what is crypto currency some say it's sort of a pseudo crypto if you will but isn't it really $1.00 of the selling points of crypto is to bank beyond banks but libra can be used by people who do not have bank accounts to link it to. or credit cards there's nothing about how libor will lower fees to convert the money into libor money and that is the essential challenge of consumer banking so how is libor supposed to deliver on that promise of a crypto currency. that is the $1000000.00 question a. yes so i mean if you think about it the only way for it to achieve what it's saying that you know it's wants to achieve is if lever becomes a currency in the true sense where there are people that are on back to that are

earning libra because the on ramp becomes the biggest question if you don't have a fear because you don't have banking accounts you have the problem as you as you pointed out so you would have to earn that currency and there would have to be sufficient avenues for you to then spend that currency for real utility food water you know bread for it to be really meaningful you know as we talked about even last week it's it's too close or too early to say if there are any plans for any of that at this point it seems just like a you know asset backed currency at this point well waiting to see how they fix this problem rocky miller the bits and thank you so much for your time thank you. and finally there has been a boom recently in the meatless meat sector with the likes of beyond meat and the impossible burger popularizing vegetable based products that look like hamburgers and other meats now fast food sandwich chain arby's known for having the meats is rolling out message to bulls meat based product that looks like

a vegetable arby's chief marketing officer jim taylor said of this call an area masterpiece plant based meats are the latest incarnation of making vegetables look like what americans really want which is great tasty meat 1st will be known as the merits a carrot look alike that is made with 100 percent arby's turkey breast according to the fast food chain the merit contains the vitamins found in iraq here it yet has no cared it also contains 30 grams of protein and nearly all the vitamin a one needs to meet their daily allotment this is like such a home larry's marketing plate to me that they actually say that this they have 100 percent of daily allotment of vitamin a which is what carrots have because they're probably good for eyes or you could just eat a carrot but now i want to see what you make of out of a salad yeah the pictures are interesting but i think i have to see this thing in real life before i decide if i'm going to eat it. that's it for this time you can catch directv 321 dish network or streaming 247 on that a t.v.

channel one very tim or as always had us up at you tube dot com slash 2 most artsy so you know. it's hard to take so. if you don't have something to replace. you're going to do this if you don't want to use the market. when they take me. there are you going to. syria. so how can i tell you stop selling drugs if we'll hire somebody put the money in a box. they just mule the way that life has almost been basically

mccullers peaceful for the worse do you guys know what's a good many security positions open to the us you know. david jack me again. you see people get all their cars you know see you coming in the heart and this seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go. and do this. just try reading. it to someone give me. a globalization period that we had is that all over the be a new globalization period it will be a network driven i predict that america will become a subscription service like netflix you will subscribe to america and they have to

offer you a value proposition to keep your subscription alive. as we speak large organized care of it are on the march to the united states. then 70 and a player coming after carrying. no spears remains dad. this is a virtual invasion of our country for so far because the only thing we face. that i'm at the end i thought of it when i meant they author. no. you know what it is this. is you know. you can see i'm all. for.

a go go little. question about russia interfering in the 2020 us presidential elections we discuss the arms control and volatility in the middle east and ukraine with them a lot of movement and behind closed doors that the keep trying to gather in japan. we have not seen the students to see who have been given a great opportunity to be. one of britain's along just a waste management firms is convicted before attempting to send tons of unsold household rubbish to china wrongly labeled as paper for resign.