climate change tension may have caught between the u.s. and china but it highlights. the kalak the hang of it and eventually break it down and later the roller coaster rages on for bitcoin is a krypto has seen its ups and downs and it's not just this coin is also all coins have also taken a beating around us about why or ventures is standing by to dig into the details of the diff we've got a packed show today so let's head right in. a french road block for the trade deal between the european union and mercosur leads our global report today as finance signals it is not ready to approve french agriculture minister. told members of the french parliament quote we won't have an accord at any price the story isn't finished more specifically and more dramatically mr holmes said i will not be the front minister who sacrifices french agriculture on the altar of an international agreement similarly the french foreign minister said it remains to be seen whether france would support the deal french president emmanuel micron hailed

draft agreement as a good deal after last friday's landmark announcement following a full 20 years of negotiation between the e.u. in the south american trading bloc a presidential spokesperson later said quote france is not ready yet ready to ratify and all these comments follow the statement of a 23000000 member farmers union that the deal would be remembered as quote a very dark moment. here to dive into the details of this emerging story is ruben corteen a president of the un i global union which represents 20000000 members and 150 countries joining us from one cyrus president welcome boom bust. mr cortina you're much do you yes could your union represents workers in america certain nations argentina brazil part of why in order why as well as in the you how do you see this agreement affecting those different constituencies of your.

membership and what is the union's position on this agreement right now. well as he said i represent globally a union that has constituencies all around the planet including european union and latin american unions so divisions that the that are going on through the discussion with this these i would say pre-agreement are different obviously there are a lot of unions in the european union there are against the agreement mostly those unions that are related to every cultural production and there are other unions that think that this agreement can bring more jobs to the orkin union at the other in the other end of the americas to unions historically are against these type of agreements these trade agreements as we call them beat them by laterals a multilateral or be regional like this one because history them astray is that

free trade agreements do not necessarily bring jobs well for good salaries for our people so these different visions have to be discussed in the future why do i say this because the agreement is not so i did it is just an intention that both parties have to go on a process that is not yet finished and when and that's what you say about the french opinion the opinion of the french people mostly the people related to agricultural policies are against the agreement so there's a lot to go on yet on this agreement because they also have to go through parliament so i think that we just saw a sign of i would say a declaration or something like that that that's what i said this was just a pre agreement and now what are the factors that will be the most affected by this agreement and in what way. well

in our case as none industrialized countries except a little bit more than argentina brazil. industry light industry and manufacturers will be seriously damaged textile shoemakers. car makers all those industries that we have in our countries trying to develop through the through the years can be serialist seriously damage that is well in our side the negotiations took 20 years and will take some more years but i think that countries that have this economic profile of being countries that only builds their economy on exportation of primary goods and are not totally industrialized like some of the european countries will be we will be severally damage through the years and in terms of process clearly this will take some time president also narrow brazil

suggested one to 3 years before the agreement could be approved what is your estimate. when i think so i also think that it's going to take a while because. the agreement when once is signed finally signed it has to go to parliamentary approval in the case of the european union maybe that parliamentary approval can be avoided because the european union has supranational. tools that allows the european commission to go to avoid the process in the parliaments the national parliaments and the european parliament but in the case of merkel so it has to go through our 4 national parliaments there is the brazilian the paraguayan the required and there are the argentinian parliament and by the way we are having electoral processes here in our country in argentina and also in europe. quite and we don't know what the outcome of these

process is so we don't know what the real composition of the parliament will at the end be so i think it will take a lot of time a lot of time to to get this agreement through our our legislation and through our national realities so on the subject of brazil last month your union rhetoric has them both on air on the subject of labor rights what they are saying. well we're deeply engaged with our the reality that our unions are leaving in brazil since the term or presidency and now with mr wilson adam the reality of our union movement and workers is getting worse and worse day by day they have they have thrown away legislation that was in place since the 1940 about the the resourcing of the unions they are talking about.

labor reforms and they have already put in place labor reforms that damages really damages the outcome of the union activity in brazil unions in brazil are going through a very very warry president very very difficult situation in terms of their own resources to resourcing and talking and engage with the struggle with the government because of the labor reforms government is putting in place that goes against workers and unions and just one last question very quickly present paulson are suggested the e.u. mercosur deal even as it is in process could spur a domino effect of either a trade deals perhaps most immediately with japan do you think i want to happen. i don't think so i think that there is a speed. gringo's of these trade agreements since the ninety's and

mostly seems to those in flight so i think that i don't think that this by regional agreement is put in place legally put in place can bring more speed to other agreements that could take place we'll see what happens in the near future but i don't think that this will be getting. a round of new. trade agreements around the world because of these by regular regional agreement thank you so much rubin president of the un i'd global union. the brazilian senate has recommended that the chief financial officer and former c.e.o. of the valet corporation be indicted for manslaughter over a deadly dan collapse that killed $350.00 people violate the world's largest

producer of iron ore a nickel has been under scrutiny since a precarious dam holding back mining waste collapsed near the town of ramadi in ho in the state of ministry. now after a series of public hearing over $120.00 days a senate committee has recommended 16 indictments on manslaughter and other crimes 14 of the recommended indictments are against individuals and 2 against corporations including by the way the former a valet cited by the committee is fall a short men who stepped down in march the committee's findings do not obligate prosecutors to charge the targets but will certainly add to the public pressure for action. despite a truce in the trade war between the united states and china and president donald trump's decision to allow u.s. company to sell tac to the chinese telecom giants founder rents and fe doesn't think that it will have much of an impact on their business. in

a statement issued to the financial times mr gross said of the situation president statements are good for american companies weiwei is also willing to continue to buy products from american companies but we don't see much impact on what we are currently doing we will still focus on doing our own job right joining us now to dig deep into what such from the u.s. means for a while a r t america correspondent alex mccaleb and boom bust producer branch of war so 1st stop alex what are the concerns that huawei has over this reprieve in the ban on american companies selling tech specifically semiconductors to the chinese telecom giant. phase of pretty much said it all is you know he's welcoming this news from trump but he's taking it with a grain of salt he knows that the way the us operates there's of there to be a lot of opposition to loosening anything worthwhile way because of so-called security concerns especially coming from china hawks in the us government so one step forward he said you know what we were going to keep doing business as usual as

you just mentioned we want to do things right and that's what wall weighs doing about it's where they want to stand on working with us companies would be absolutely great we know that companies sell software as well as chips and other goods to watch the way they've worked in combination american companies obviously that have worked with while they want to keep doing business with y. because it means money for them but at the same time always says well you know there's other places that have that kind of stuff and we can go to other countries we would believe that our own chinese industry to be able to produce what the americans can and here's the problem once you lose this type of client it's really difficult to get that client box so that's a problem that the u.s. is going to see but here is what the c.e.o. and founder of always said here's a quote from him which is quite in story interesting that the u.s. is helping us in a great way by giving us these difficulties under external pressure we have become more united than ever so what the what way chief executive is basically saying here is that you know what. we've gone to these other places we've had to be resilient

we've had to diversify we're working with other people now and you know what we're we're here we're here we're not going away there's plenty of countries that used to use our products so with or without the us we're just going to keep chugging along and sure we'd love to work with the u.s. there is a possibility and with what president trump is saying of course this means more business for everybody but last i mentioned there's going to be a lot of opposition coming from within the us government now brand and may google it temporarily banned highway funds from receiving updates for the android operating system only to turn around and give the company a temporary 90 day stay which allows tablets and phones running and try to receive the updates until mid august now that there is a truce in the trade war and the restrictions i can't follow i have been relaxed what does this mean for huawei the use of the world's most popular mobile operating system it's actually very interesting because while away itself doesn't actually know what this means for their use of the android operating system i want to talk

about a quote myself tim de soie always vice president risk management and partner relations was asked about this on monday and he said quote we acknowledge president trump's comments related to while away over the weekend and we'll wait for guidance from the department of commerce but i have nothing further to add at this time and the u.s. commerce department has actually not responded to this as of yet and now as we mentioned while away has until mid august to use android to work out their own system and i android did that because what they wanted was to secure it so that way they were using an updated version that were outdated and were vulnerable to any sort of issues now they also there's a couple things to note here that according to a report from the south china morning busy post recently while ways actually been working on their own proprietary operating system code named on mang since 2012 and in the event that this exact situation would have happened when asked about it they essentially say they prefer to use android for mobile and windows for their p.c. but they have to protect the interests of. their customers and they've even started

to court some of the google play stores app developers to be published on their own marketplace so that's what they're working away now just something to remind you of in china they use a really pared down version of the android operating system that uses a backbone but it's not the latest greatest version but whether that it work in the west where we want the latest and greatest type of technology it's hard to see so that's kind of up in the air and brant on that point since while way is working on their own operating system what does that mean for google sweet about's native to android that might not then be available on this new system is very interesting because you you might you may remember back when android was kind of coming to prominence and i.o.'s was there because pettit or the apple operating system there was a situation between the 2 companies where apple didn't want google apps who didn't want to let apple use their apps and so what happened was you didn't have google maps which is the number one when g.p.s. was it was becoming a big thing with smartphones and so what happened was apple had their own maps

apple maps that became disastrous sending people everywhere but their own destination public outcry happened and guess what google maps ended up on the system so this could be a situation if weiwei did their own proprietary system in the west but again you know look at what was biggest market of china all of the google apps are actually blocked in the country without the use of some sort of v.p.n. so as it is now it could easily you know prop up some of china's biggest sites and apps for example i want take a look at a couple of videos streaming and hosting sector companies so in the west the market is dominated by you tube which boasts about 2000000000 monthly users but there are some giants in check that most just china that most westerners have never heard of for instance there's you do which is roughly $500000000.00 monthly users and is owned by china's largest company and ali baba there's also a key which is a streaming site that has around $500000000.00 monthly users and is owned by the google of china by do and finally there's a 10 cent video of course owned by china chinese multi media conglomerate to. an

average of about 900 monthly 1000000 monthly users now think about this if you know while ways making their presence felt in the west if they were to start using their own operating system and these types of apps are native they could start to compete with you tube and that could be a big deal. and alex with this situation seeming to finally have some sort of clarity what does it mean for a while we see a film in one jew who of course was arrested in vancouver in december at the request of the united states authorities. as it stands right now meg her lawyers here in canada what they've basically been saying is that you know this this whole thing is without merit and that's being backed up by some of president trump suggestions what he's saying you know what this whole thing might go away we might stop the whole extradition process if we get a deal with china so as you can imagine the lawyers are jumping on that as well is that in some political circles here in canada former prime minister jean chretien he's also one of the people pushing forward saying that you know what it might be

time to let go simply because we want to better our relations if that's what he's saying the canadians want to better their relations with with china 2nd biggest trading partner and also the 3rd justin trudeau i mean he can't really do very much at this point but if it ever did come to extradition that's when the prime minister could come in and talk to his minister of justice and say ok we need to stop this let's be far down the road but right now there does seem some movement and some people talking about letting go. r.t. correspondent alex mahela back on r.t. producer ranch a bar thank you both so much. time now for a quick break but stay tuned because when we return the roller coaster rages on for big oil as the krypto has seen its ups and downs and it's not just pick one as all points i've also taken a beating for me morale us about why are ventures the standing by to dig into the details of the debt deal and as we go to break here are the numbers at the close.

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idea was that let's tell consumers they're the bad ones they're the litter bugs are throwing this away industry should be blamed for all this waste the company has long promised to reuse the plastic. on the i knew that that is the end of it for. the mountains of only grow. you know world of big. logs 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 smart we need to stop slamming the door. 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 we're watching closely watching the hawks. over the last 48 hours bitcoin has had a 30 percent correction following a very strong rally that has been in play over the last few months now as exciting as it would be to watch it just go parabolic we needed these periods of consolidation as big mike bell we see some very strong support at the 10000 range as soon as it was breached it was met with heavy buyers bring it right back up you see a rising candlestick on the hourly which is a very good sign but presently the 5 day and. and a moving averages crossed over indicating that short term momentum is to the downside so there is a bit of selling pressure and volatility to wade through as we go back and retest

those support levels at 9000 for a 3rd and hopefully the last time the old coins have also shed their values as most are correlated to be quiet but we have some pockets of strength where they really shined we have hollow chains bit torrent comodo the system and that all decoupling from big client and rally and hire so you see a slight rotation in some of these all the coins here but this is not the full liquidity exit yet and while we love looking at technicals for the crypto trading let's take a look at some of the fundamental factors fueling the strength the bank of international settlements aka the central bank of central banks just reversed their stance on crypto from calling it a bubble a ponzi scheme and an environmental disaster that the i asked chief augustine carlston is now actively endorsing the creation and issuance of digital versions of national fiacha currencies to tell us more on that we welcome really more alice partner at outlier ventures. so when they are here this is an interesting stance

that b.-i as has taken now so it's doing a complete $180.00 on its position regarding crackdown and is also coming out with their own so this is essentially talking about the development of a central bank digital currency which is basically no different than leap which means that it is a centralized currency which means that it can be censored it can be frozen it can be manipulated and let's be real this is a digital currency not a crypto currency so what is your stance an outlook on this. i think that b i asked was responding to 2 things here the 1st being that many central banks themselves have been exploring digital currency for some time now so if you mentioned there the central bank of central banks they have to be very responsive to the central banks around the world in the fact that this is a movement and this is the technology that central banks all over are starting to explore in very meaningful ways now the 2nd effect that they are also responding to you mentioned libra right with facebook's digital currency that they're launching

they are obviously very mindful of that and the fact that facebook is launching a stable currency that perhaps conservatives millions if not billions of people around the world but it's not just facebook the b.a.'s i believe in their annual report also talked about google and 10 cent and ali baba as other technology companies now getting into this space so they were spawning on those levels i think they know that you know the genie is out of the bottle now so for the b.s. that's like well what are your wishes right what are your 3 wishes in a world where additional currency is really becoming more prevalent and real need it seems to bode busy well obviously for the industry that now. for taking such an interest in group goes and sort of legitimizing crypto currencies in a lot of people's eyes but what do you think is there and goal here where do you see another group those. relation to their all plans for centralized currency. and i think for the central banks of the i.m.f. i see. that's not who the central banker or person in

a large significant financial institution currently but i have to imagine they just want to be able to keep on doing what they have been doing they want to be able to promote financial stability and security all around the world i have to think that you know the volatility that we were talking about earlier corey really concerns them as they think about what will currencies do in the future so i'm guessing that as they move towards putting more in digital form themselves that they can provide a more secure alternative for people that might be utilizing it going today and so that big coin becomes not a need to have but a nice to have a perhaps a less appear format to digital currencies that are more ubiquitous and supported by governments around the world but how will this actually solve any of the problems that are currently faced by the existing today because from what they're proposing this is no different than just taking your standard currency and just digitizing it. you know evolution especially financial evolution takes its

time i'm sitting here in chicago where let's not forget you still have people at the border trade trading with open outcry with gestures even though we're now talking about big trading so i don't mind at all that the social banks are discussing this there will be problems in the future just as there are problems in the past the important thing here is that they are embracing this type of technology innovation they're trying to include more people in a more democratic way of providing finance around the globe especially perhaps of people that cannot access the capital markets as easily as others can today so i take this as an overall positive step in the right direction now let's move on over to x x ip has tremendous potential but as has since taken quite a hit recently they had a huge sell off recently trading down to 40 cents now that after $1000000000.00 pieces were unlocked and on the move and speculation is that these acts are theists belong to a rebel exact. they were intentionally keeping x. r.p.

prices low in order to beckon more clients to leverage the x. rabbit into their operations so do you think there is some sort of price manipulation going on here or a day without some speculation one way or the other i will say this you know full disclosure i previously led the venture arm of this unique group and we invested in ripple series a round back over 4 years ago now in the early 2015 and i was observer on ripples board so let's not. get carried away necessarily imagining that ripple or other firms are in some secret cave somewhere plotting for their own self interests reveals a very has a long tenure in this space and has a very professional board these are not group of management making their decisions in isolation i say this now having no soucy action with ripple but just based on my past interaction with them that collectively i think they've always been working towards their long term vision of helping people helping the world really transmit

value just the way that the world transfers information today. i mean more allies of ally ventures thank you so much for your time. that said by this time you can catch boom bust on you tube dot com boom bust the next time. as we speak large organized care of the bar on the march to the united states. 70 and a player coming out for not getting. no schools remain slimming down. this is a virtual invasion of our country but so far. as

i'm at the end i thought of what i meant there are a felony of no hope for nothing up on the farm about the old you know it's going to stop this. nice. as you do is you know we're going to see a more little girls you know to society should feel closer to those with. the. magic mushrooms to use down some contexts used in the wrong way carry every potential arms like any any psychoactive substances. bunts used in the right way they seem to have quite a. profound 32 potential quite so good safety for a flawless while.

the. rush of defense minister is totally 14 sailors who died in the. fire tragedy sacrificed their lives to save their colleagues. and britain's m.p.'s debate what to do with profit for me from the assets of ousted libyan leader moammar gadhafi. and protesters in tel aviv burn cars and perpetual bombs after an israeli you feel being to me is shot dead by an off duty police officer.