i. this is boom bust broadcasting around the globe and covering the world of business and finance an impact on saw and innuendo and i'm christy i in washington has a lockout what i'm back today actually is on the ground in china and taking a look at one of the most controversial companies of the trade war salmaan taseer. sentence a far more in-depth look at the telecom giant. shock primary vote in argentina the nation has sent a county fire law firm tapped out the plan of the irish times and on hand in argentina to break it all down and lasers are still in china are slumping but signal something worse to come or fix the car coach is standing by to see you through the on this is a sign of the people's republic we've got a packed show today so let's go and dive right in. while the trade war rages on in

threatens to impact multinational businesses some companies have managed to find ways to insulate themselves and achieve profitability maersk the world's largest container shipping company recorded a net profit of 134000000 dollars and the 2nd quarter of the year beating expectations the result was due to a strong focus on improving profitability in existing businesses rather than going for volume and market share reaffirms guidance as they continue to see positive impacts of increased revenue from their supply chain management this offset the decline in earnings from sea and air freight wal-mart also beat expectations and raised outlook for the full year the company attributes its gains from its fast growing e-commerce business which surge 7037 percent this quarter online business got a boost from the gradual rollout of next day delivery across the united states while additional tariffs on consumer goods remain a headache for wal-mart it managed to insulate itself by adjusting their products mix wal-mart's sources to thirds of its goods domestically the remaining one 3rd of

items comes from overseas including china by quickly adapting to a rapidly evolving landscape wal-mart managed to wal-mart managed to build momentum in its core u.s. businesses despite a difficult backdrop. finally china's e-commerce join ali baba reported a beat in revenue growth despite the economic growth slowdown in china all the baba grew its active customer base by 20000000 from last quarter with only 70 percent over 70 percent of those new users from less developed cities it also saw its cloud segment growing 66 percent this quarter driven by increased consumer spending as global tensions put pressure on consumption jack ma executive has been focused on expanding the business through cross so opportunities within the ali baba ecosystem to drive out consumers as purchase frequency and category mr moggs efforts pointed out as all the obama stands uniquely positioned to counter the growing middle class and the urbanization of lower tier cities this will be just miles latest earnings

report before he turns the reins to next in line in september. china signaled thursday that it plans to take retaliatory countermeasures against the latest round of u.s. terrace of $300000000000.00 of chinese goods beijing called the new terrace of violation of accords reached by president. during their june meeting at g 20 when the 2 largest economies had agreed to a tariff cease fire this morning came after trump appeared to link the outlook for trade talks with to china to a resolution of hong kong protests and floated the possibility of another personal meeting with on twitter observers now speculate that trump wants to use hong kong as his new card to bargain with president xi in order to reignite stall trade talks meanwhile on the u.s. on wednesday they added 4 chinese nuclear entities to a trade blacklist accusing them of helping to acquire advanced technology for military use these actions do not seem to create the right conditions for a meeting and a compromise despite what trump proposes on twitter the outlook for any meaningful

outcome coming out of the september 1st meeting is now slim. and our own sara months is there is in china for a week getting an inside look at chinese to. one way and she we simply went inside it's holes to see how their student creative and maintaining image in the tech industry they reported tremendous revenue growth throughout the 1st half of the year despite the challenging political headwinds sara filed this report let's take a look. we are in wall ways the newest campus in china it's designed like europe with different zones modeled after european cities you can stroll down the streets of paris into her side or enjoy a cup of coffee at an italian villa read and enjoy the spanish architecture of towns like grenada weiwei c.e.o. and engineer himself mr ranging faith clearly has a fascination with some of the most iconic european architecture this campus took only 3 years to build and opened just last year holding $25000.00 employees weiwei

greatly values research and development in fact this entire campus is devoted to r. and d. alone it includes advancements in algorithms cybersecurity and of course computer science the telecom giant spends over 10 percent of its annual revenue on r. and d. and in 20 teen while we invested their $15000000000.00 in r. and d. and devote 45 percent of its employees to the department while we have 10 campuses around china including shanghai and beijing this campus has such a quiet and peaceful feel to it one can even tell the thousands of employees that actually work here perhaps it's to foster some creative thinking reporting in china . r.t. .

this past sunday argentine voters delivered a shock to the political system that is still reverberating throughout the nation's economy here to catch us up and give us the latest on the electoral aftershocks is firming coop a staff writer at the times who joins us now from argentina. so ferman 1st of all explain what happened last week which we're calling a primary but it's not exactly a party primary as we might know it well get to see the market reaction in a moment but 1st can you explain to us exactly what was this electoral exercise for those of us outside of argentina and why were these results so startling. well 1st of all thanks for having me so you were already saying i was officially called the primary was more like a muslim poll since all the coming days were actually chosen and decided before the primaries. requiring by law primaries does what we have here by was really a musket ball with a really quite shocked and surprised based on results nobody was really expecting

such a such a difference between over the fernand this. especially the polls all of them were actually wrong bring in all their predictions. interesting and now let's move to the economic impact which had been serious could we can break this down into impacts on markets earlier in this week the currency impacts and then the implications perhaps of the name is victory for the draft free trade agreement between mercosur and the e.u. but 1st let's focus on the 1st part can you account for us the market reaction on the 1st trading day after the poor results so. here are those fries will basically the reaction of the markets following the election was mainly off a shock so it really was quite surprising based on the results and nobody actually said no way was expecting such a big win or by a vote of no on this following rio following the results. quite

a deep everybody was shocked in the market by the results leaving voice significant the valuation of the base when argentina on a big drop on the all the bombs the stalks the shares everything with don't be basic. reacting to the news nobody was expecting such a difference not do a mockery you work for the see and the way he talked for is in the. oil of cumbia most of let's change it when the following the election he was called prize but he was coarser boys on the margins were boys are bribes following following the result. turning our original currency the pace that began flying again on wednesday this is after it already dropped like 30 percent president might be announced response measures both are which are policy response to the economic and likely a political response to that we can pole position so where the past so right now and what those president propose to do. so in the news for when the full in the primaries or the musket ball or however you

want to call it the deep into the valuation of the market ministration unknowns here is the measures trying to call this you do asian market with the growth of our numbers on the on the phone actually bring some relief into the market rally was a little be more. than a mockery the mother ministration to a set of measures trying to deal with the situation such as for example. stocks is trying to rig some calm into the market the us a little bit more stable now following the conversation between market number of different numbers but that doesn't mean that things are still quiet due process on a while you in the next few days coughing so actually they're not. and returning to the issue we discussed where you discuss with us last time the draft trade agreement between american cern nations of argentina brazil. and the european union

the new apparent front runner in the october presidential election mr fernandez tap the brakes hard on that proposal this week he turned a lot of heads by seeming to even deny that the agreement was in a draft form a give us the view on his comments from within argentina. following the following the result everybody's asking questions what's going to happen next basically on one of the main consequences probably of this of this in our view of this new scenario for the board of among these taking a leave of a comparison democracy is going to be questions where the foreign policy of alberta from on this question of sort of the results of medical sort of questions or the relationship over a seal it's all on the table it's everything is quite open so far i will have to see how the bowles basically we are already seeing i statements on this side of brazil which are how in doubts really what would be the relationship between the

from on this on the walls and out of ministration. over the tree look between merkel saw the european union as well it's not really clear what's going to happen but of an on the spreads doubts really going regarding the this world regarding the the merkel through on the deal as well so probably expecting. trying to go through the details of the e.u. on medical school the year following a presidency of the if that's actually kabul we're still come to go through an election video in a couple of months there's a still a long way ahead of these by between mark and i'm going to form one is quite big now much more than everybody if everything was suspecting there's still 2 months to go down the looked over until the presidential elections. you know now that you mention it turning to the impact of warm relations in the event of victory the partnership now between president mccurry and both now was widely cited as a key factor in reaching

a draft agreement between the markets so and the after 20 years of negotiations mr brown and as has not yet been elected but it's already feeling with the far right president so what are the larger regional a geopolitical consequences of a fernandes make 3 and the loss of that i'm a creep both in our access. so. there is already a statements going on around regarding the warrant officers from the wilson out of ministries of war questioning world would help in a relationship between the front on this i will sort out in a brissie than see your photo from now on this they are saying that they were actually exit. from this wins the election concern regarding their work here. and i think it's quite shocking or a reaction by the most one of the mysteries or motherboard of a lot of the cost of questionable sonar to the last few months or so not a question. on this world so it's not really going to surprise the reaction of the

world so no mysteries from the bug the relationship between both countries is definitely going to change is if you want to be much differently for this reduce the risk. you will be the same. close on one of the reasons of the of what i remember doing. is different only because of the relationship between the 2. from the stakes on the presidency that's going to bring many changes in the region especially considering the know their main strong point is in maine a strong leader is in the region of the border from this. not only for a number. of the relationship the word game is going to change in the region we come to see how the walls would big that it will lead to a big big change in the. and i mean this sort of brings us back to our 1st question which is why in terms of reaction to an end as a result why is that the markets were so spooked by the prospect of mr hernandez

becoming president and perhaps a bigger story here the former 1st lady fernandez de kirchner possibly becoming vice president. so their reaction of the markets following the results of. the primaries here in the ball as you call it was mainly because nobody was expecting such a big up between from now on this mockery all the polls here were saying they are. going to. die. for numbers will only gain true free 4 points no more than there were mockery so the market was actually expecting them so on friday before the before the election before the primaries the market was everybody will be in 10 the markets basically because they were all expecting a much of the result for the month of may station so when there we saw its gay mean for non this actually got his results some one month ago his results the market

reacted quite a bottle to be because nobody was expecting such a such a big winner of the from out of the 4 numb this gun the a c. different on the stickers on the election so now the question to us here is what's going to happen in the next few months if the numbers will be able to keep these 1510 to 15 points difference between mockery on him that's going on one thing i was going to help him with the other all of the other forces in. between 10 and 15 points if you got there all them together who are they want to support whether if this was going to be decided on the 1st round or if you are going to go to have all of this weird where mockery will have to fight for none of this. very interesting we'll keep an eye on it for a mean cooper staff writer at the one side wrist i'm saying so much for your time. time now for a quick break here because when we return car sales in china are slumping but could it signal something much more to come lauren fix the car go to standing by to steer

us to the ominous signs in the people's republic and as we get a break here the numbers above.

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and a very warm welcome to you watching us in such. but with the suitable to sleep for. myself or something and this is their. role is going to say of course the business with them must be so if the. business with. a lot of fellows but the problem is not all because i am. not. the

case in that book i'm going back to the bios to look at them out on the funniest bloweth most potent smoke the show such as the flu of souls a. room you were doing in. the book. 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 race in truth to stand out of the news business you just need as the right questions and demand the right answer. questions.

welcome back shows in general electric fell by more than 4 percent in premarket trading before the open on thursday after an accounting expert released a report that claimed accounting or rigor there regularities and outright fraud account for 40 percent of the corporate entities market value the report by analyst terry markopoulos titled general electric a bigger fraud bigger than enron made a big splash due to mr moore complex his past role in warning the securities and exchange commission out about disgraced financier burning made off massive frauds years before the scandal broke the c.c. ignored mr moore couple of says tape in that case but he went on to uncover at least one other major financial scandal and develop a niche career as a financial whistleblower despite mr markopoulos is record some critics question the reliability of the report due to the analysts financial stake in a hedge fund that is betting on a fall in g.e.

stock price in a press release spokespersons for general electric said quote g.e. operates at the highest level of integrity and stands behind its financial reporting. as caesar ronnie an oil tanker will be released despite the calls from the united states to have the ship seized the supreme court in the british territory of gibraltar approve the release of the grace one so artes in the region so that they no longer wanted to hold the tanker the grace one was impounded on july 4th by the british royal marine and the poor and law enforcement from gibraltar due to the belief that they contain oil headed for syria which would have violated sanctions against the nation the office of gibraltar as attorney general stated that the captain of the vessel as well as 3 officers would also be released weeks after the seizure of the grace one eros of revolutionary guard said it they had taken a british tanker the stand in the crucial strait of hormuz accusing the ship of violating internet. national regulations at this time the status of the stana

impera is still up in the air at this time. and while the us china trade war has slammed many such fears on both sides of the pacific from agriculture to fashion the auto sector has not avoided the pain and the thanks may be increasingly apparent in china rolling into catches up on this and all things automotive is the car coach lauren fix welcome back lauren turn to you turning back to turning to arguably the big story this week the latest statistics showing an economic slowdown in china and the auto sector was not spared the pain to china passenger car association says car sales fell 5.3 percent in the month of july $2900.00 compared to july 28th that works out to 1500000 automobiles sold in the last month and that means that 13 drops out of the past 14 months early reports how bad is it for the auto sector in china and what's the prognosis well they have a 53 day supply of vehicles which is quite a bit and they've offered

a lot of incentives which they did in july and in june hoping that it would boost sales it did a little bit in june but it's really been hurt in july with evie sales losing their government subsidy so you're watching the drop in electric vehicles which is what they were hoping for they were hoping to convert all the vehicles that were combustion engine to electric vehicles and return is not happening as quickly as they want because it's expensive to purchase a vehicle and of course they're in a recession right now and it's been going on for quite a while so consumers aren't going to spend the money and remember till recently they didn't have a used car market they only sold new cars and they would pass them down to the people in their family but now they've opened up a used car market which is definitely going to hurt the new car market so that's not helping things at all also note that germans being leaving with buy mercedes b.m.w. and audi they had an increase in sales for the month of july which is because you're putting out prop quality product that people want. now chinese autumn makers are not investing in europe based design and engineering shots in order to overcome the

perceived and actual for coming in on crash safety automotive news europe mentions the examples of engineering campuses great wall motors and germany so give us a little peek into these important facilities which we may not have heard of and the role that they could play in helping the chinese ata makers start new inroads into the european market well china has a rule that if you want to sell in their country and you want to build vehicles in their country they need to own a piece of that business that you create between the 2 of them and creating joint design factories will help every market has a different need here in the u.s. we're more s.u.v. based in other countries it's more car based based on the size of the roads in the parking in china parking is a huge issue so smaller cars tend to be more popular unless you're doing very well then you want to own a vehicle like a lincoln or a cadillac that's what people want they want to showcase their success so when you're looking at that you have to find out what consumers want it's completely different in their country than we have in our country and if you go online and you look at the different vehicles that are offered you'll see there's

a definite difference and having that design studio available i think is it is a great benefit for both sides of the producing cars consumers want. and lauren turning to the other big shocking slow down news that moved markets this week germany the. week there what's going on in the car and truck sector for europe's biggest economy. well europe's biggest economy are having some financial issues as you probably expressed in other segments with the downturn in their economy they're having a lot of trouble they've already lowered interest rates to the point where people are paying for the banks to take money so when that type of financial situation happens it impacts everything and that includes the auto industry remember that countries like germany the auto industries a big part of their their economy and when the economy is hurting the auto industry hurts and consumers are buying cars and they're all holding on to their money so this is becoming a problem and until things turn around and the way they're doing it is probably not

the right way this is going to impact everyone now are we touched on this last time you hear that seems to be an issue of growing importance and that is the security on increasingly computerized cars so specifically keyless entry systems are now being flagged as a weak link so walk us through the mechanics of this vulnerability and how serious is it and what can car owners do to know or to reduce the risk of theft or worse. well that's very interesting that was just a recent article it's become very popular here in the u.s. and i'm sure it's made its way internationally that you can break into these keyless entry cars were used to be you had a key you could maybe you know you know fish down a coathanger and unlock the door and you could you know where the car and go those days are gone now you're looking at keyless entry and what they're doing is you're buying items on amazon or actually baba and they can create a signal to cause the door to unlock and they can be in a vehicle and go on in under 2 and a half minutes that's really fast if you park your vehicle and you think you've got it locked at the key fob so it's up to manufacturers to put

a road block in this is part of what i've been saying about 5 g. and autonomous cars if they're hackable this simply by getting to a keyless system which been around for a while and there's no fire wall there what's going to happen when these cars are autonomous and this is a huge problem and it's up to manufacturers to put a road block on that as far as. consumers concerns be careful where you park your car and know that anybody can break into it. fasten a i know. they previously had this reward in order to like encourage hackers to try to break into their cars in order to fix these problems lauren fix the car coach thank you so much for your time. thank you. that's it by this time you think i had to boom bust on directv channel 321 dish network out to 80. 7 on t.v. the free t.v. ad count to 79 or as always had us up at youtube dot com. so you.

came here where you were before you came here when you live. in many us states capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time the victims' families they are very much in favor the death penalty there are some people because of what they did have given up the right to live among us somebody even proven innocent years on death row and how many more years is it going to take before we as a society realize that this is not working and we actually do something about it. so what we've got to do is identify the threats that we have it's crazy loon from

day shouldn't let it be an arms race is on very dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. why. paradise with some ground turned into a round the experimentation field for agricultural chemicals we know that these chemicals have consequences they are major irritants there's no question otherwise why would the chemical company workers themselves be geared up and suited up locals attempt to combat the on regulated experiments that often in day you have many of these people who have one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to

ask the question whether there is a form of environmental research going on in hawaii whether these companies feel they can get away with this because the people have less political power. to russian pilot's praise for saving the lives of their passengers off the executed up perfect emergency landing yesterday morning when both the plane's engines failed . and i would like to express my gratitude to the pilot who was flying the plane i think we are all alive thanks to him file a did a great job landed the plane on the bounty. and that runs to the sludge time to run accuses the u.s. of a part of a sea attempt off the justice department tried to block the release of other radio old time care impounded we'll bring you the latest at. the u.k. 0 office attempts to tackle a knife epidemic by printing warnings on chicken takeaway.