ready to take you around the world let's go. a reset for us china trade talks leads are global reports today as officials from beijing say they will visit washington an early october u.s. trade representative lobert robert white hisor treasury secretary stephen newton and chinese prime prime vice premier you are full welcome by phone on thursday morning and worked out the details for the upcoming meeting the meeting would be the 13th round of talks between beijing and washington since january the news also comes as the u.s. is introducing a 15 percent tariff on $270000000000.00 in consumer goods from china plans are also in motion to raise tariffs on consumer goods from 25 to 30 percent expected to take effect on october 1st on the news of the talks markets in china japan and the u.s. all well and making huge gains for thursday. china has called on canada to immediately release arrested follow executives moments all during comments

regarding the appointment of a new canadian ambassador to china the man who serves as c.f.o. of the telecom giant was arrested at the vancouver airport in december of 2018 at the request of the united states during thursday's remarks chinese foreign ministry spokesperson trial spoke about how the situation has strained the relationship between china and canada. the chinese side has approved the new canadian ambassador to china to take up the post on china we hope that he will play an active role in pushing china canada relation to normal traffic though to present that china canada relations are facing serious difficulties the responsibility lies entirely with the canadian side so the canadian side is very clear about the crux of the current china canada relationship if we are to the canadian said to reflect on its mistakes it is seriously china's stern concerns you can really release ming winds now and let her return safely. he hopes the new ambassador dominic barton can repair the relationship between the 2 countries previous ambassador john mccallum was relieved

of his duties by prime minister trudeau after saying she had a strong case to fight extradition to the u.s. and listed several arguments he thought could help her with the case he added it would be great if the u.s. were to withdraw their extradition request form this situation sets a dangerous precedent as this is addressed is seen as politically motivated or a man is effectively used as leverage in the ongoing train to go she sions she was arrested on the same night that president xi and trump hammered out a trade truce on the sidelines of the g. 20 summit in argentina the timing was more than a little coincidental. and the brooks and soap opera turned very personal on thursday as prime minister boris johnson's younger brother joe who was serving as business minister in the cabinet resigned from that post and from his seat in the commons representing the conservative party the younger mr johnson announced his moves on twitter citing a tension as he put it between family loyalty and the public interest that he

ultimately found on resolvable meanwhile the leader of the house of commons theresa jacob riis mauger apparently well rested for managing the prime minister's recent question of seats and votes on briggs it told m.p.'s on thursday that the government will try again on monday to pass an election bill the 1st try on one state failed to guard one's even failed to garner the required 2 thirds vote to call an election for october 15th. the fall leaves us in today's what now moment slightly different from yesterday here to tell us exactly how this will all play out is tony sheridan former member of the scottish parliament representing glasgow tommy even time veteran parliament watchers are having to make a real effort to find the center of the plot here and where we're going to go so let's start off with the ben bill the bill barring a no deal bragg said that bill has now gone to the house of lords but it's not yet law while gerry korman says that he will not. allow labor to give the votes required to call an election unless and until and no deal breaker is firmly barred

so starting there where what's the status of the bendel and will it become law. pretty viewers probably thought that tolkien's stories were a bit tall and something complicated but i'm afraid of nothing compared to the british parliament which has become a complete and utter sort we have a bill which is to take off the agenda but in leaving the european union with a deal saw but except with a deal this was what. bought his joints and promised and his leadership election campaign he was going to deliver a sense being made the play minister and you have to remain good everyone was watching boris johnson didn't win an election to become prime minister he was

installed by nought point 13 percent of the voting population less than $107.00 conservative party members voted for him to become prime minister and he said once i'm prime minister we are leaving on the 31st of october no ifs no buts well he gave a promise that he simply couldn't keep his fust. noses apollo and as pm he's lost all 4 of them it's unprecedented normally as he lost the 1st 4 votes he's lost $22.00 of these m.p.'s they voted against them so he decided to exhale of them he had a single one majority he no has a manus 22 status in the parliament i know he's lost his scottish leader of the conservative party and to be put up smallest damage in of all christie his own brother his own but all over and for to give viewers the need

to know this he was a tory m.p. he was a minister in border cities government he just walked over and said i can't square up the contradictions any longer of the entrance of the country and my family loyalty i am resigning as a ning from ministership is aiming from being an m.p. and it leaves everyone across that you kino asking the simple question chrissy if voters join sins one brother can trust. mr johnson why the hell would ordinary people trust mr johnson so that bairn bill will be written into law and probably get royal assent. on monday of next week sure that mr johnson's heinz will be tight budgets and won't be able to leave that you'd

opinion without a deal the people who are trying to stop a new deal brakes are doing that because the projections from the government not predictions from those who are against brakes are the predictions from the government report called the yellow hamas report and by the way this isn't even one case scenario this is beast's scenario so this is the moose lately scenario is that a new deal but except would be a disaster for the uki a corner me would lead to food shortages would lead to fuel shortages would lead to a shortage of maybe sins including v.a. to cancer treatment medicines and could result in the loss of hundreds of thousands of jobs so even those who believe in breaks and of good to see crissy i'm

one of them i don't lately opinion i think it's undemocratic to the core i would prefer a country that rate to past our own budgets was and difference from other on elec to commission us but i voted to leave that utopian union and the north belief iesha and worth a deal not to just walk oh and leave the whole thing in a mess you see the rich and perth for would suffer any consequences from a new deal but except because their direction of to and solely themself from any fuel and food shortages of the new working class people in particular the veil of the. the top of the of the ones who will suffer from the new deal join should not just lost and lost he's lost the plot that's as. soon as she will profit all. completely and utterly with any

authority no in the u.k. parliament tommy we really appreciate you coming back with some actual insider thorough analysis tommy sheridan for members scottish parliament thanks so much for being here. time now for a quick break but stay tuned because one return startup unicorns have been all busy the rage in finance but could the hype headlines be missing the bigger story after the break we said for what the future holds for those companies and their valuations might be a bit misleading and later. in the studio to break down the latest in a string of scandals coming from facebook as millions of phone numbers all at risk and as we go to break here are the market numbers up because.

there are good and bad the bad news in yemen the united states. the good. the cia and the u.s. military were engaged in covert actions really throughout the world. where they were assassinating populist leaders they were backing up right wing military funding an army. there's no. and all because there's always a small people for war and really what could this. profit. as you say danged allusion to the christmas cake you know school is terrible and not as it's simple compared with simple to deal with climate change as compared to

making god had to triple the terror for there's a dangerous to do some distant that we've got a plan to be able to destroy those people we've got to deal with those problems we have. she stressed to more straight answer that the british at the boat. was to. stop the ship was to your street is that these traditions which. you don't know what you've. ever since you took or were in there for sure. what took you sort of your heart your bones for should be you. it's a mistake it's a word supporter of the. spirit over there is this interview are you going to teach

the student surely there. are some sort of evil or should. in spirit. we work spare and company is facing a dramatic haircut in his valuation as it attempts to go public it is targeting a bally asian at the low end of the $20000000000.00 range which is less than half of the $47000000000.00 mark where last craze around the private capital investors are skeptical of its bloated valuation one of the biggest red flags is how we company is attempting to sell itself as a real estate technology startup in order to attain

a higher tech multiple sharper measures are pointed out that this business is more of a pure play real estate and that it's analysts operate adds very little to the bottom line we work is apparently studying from the school of racking up hefty losses in the name of growth they reported nearly $2000000000.00 of losses in 2018 investors are not. increasingly skeptical of this business model as unlike traditional tech companies there just doesn't seem to be any clear path to probability from these losses the other startups lack is also not doing so hot right now ticker w. or k. plunge 15 percent in after hours trading on wednesday following the company's 1st earnings report as a public company despite beats on both the top and bottom lines shares fell due to weak guidance and concerns over the company's ability to compete with microsoft's chat product teens the honeymoon for i.p.o.'s on wall street may be over now as some of these highly anticipated unicorns have disappointed investors this year

here's a list of some the biggest i.p.o.'s in 2019 notice how all of them are now currently trading well below their listing some of these spreads are huge with lift and trading more than 30 percent below their offering price when we are compiling this list there were only 2 green spots zoom and beyond meets all the rest were very disappointing with flag down down or almost made this list too as it is trust currently struggling to defend its offering at $21.00 today almost slipping into negative territory so not only is this disappointing this is very worrisome because it speaks to the overall sentiment and the risk averse climate that we're currently in the appetite just isn't there anymore and you can see that with weak company as they failed to drum up support and now has to discount themselves ahead of their road show next week so how many of these companies actually turned a profit none over a loss to $5200000000.00 in the 2nd quarter lives lost $1100000000.00 slack lost *

140000000 last year 5 lost $36000000.00 zoom was the only company who had turned a profit at the time of its i.p.o. now 84 percent of us tech companies that went public last year did so without turning a profit the last time. companies went public this kind of a rate was back in 2000 the year that the dot com bubble burst so now in 2019 these companies are still riding high on venture capital money burning cash in the name of growth it is really concerning that these companies are all going public at a time when a recession is basically imminent when the actual new york fed recession probability is currently at its highest level since 2009 this measure this gauge breached the 30 percent threshold every single time we had a recession ever since $960.00 and we are currently at $32.00 tech companies are

obviously aware of this as their current at their very highly sensitive and correlated changes in the business cycle and any tightening of credit would be noticeable it would be a smart move for them to now exit at the top of the market and just dump shares we've talked a lot about the recession indicators across a variety of asset causes now and all of them are pointing to the same thing we've had the inversion of the curve in the fixed income market the currency crisis rippling across an asian f.x. markets the absolute insanity of the current negative interest rate environment and how it's basically a black hole with no way out well here in the equities markets these i.p.o. names are the fresh meat the new blood the canaries in the coal mine for the economic prospects of other technology companies as well as the economy at large since we are increasingly dominated by tech and given its performance so far in 2019 that canaris look to be dead that should serve as another warning of what's to

come so best of luck to we work. because you have another security issue and this time it involves a compromise sure consuming hundreds of millions of phone numbers which had previously been tried to consider customer accounts facebook previously had a feature that allows users to look up other users based on their phone number. or that was compromised does not belong to the social media giant but was also not password protected security researchers jane found the server and said it contained the records of $419000000.00 facebook users facebook however said it says the number was half of that according to the report in some cases they were able to find a user's name country and gender as well joining us now in the studio it's just it's in a whole host of topics is cyber security expert and president bashar software chuck todd shipley todd good to have you here and you hear that so you know you're the expert so in terms of best practices how is it the company like facebook so huge

can allow a vendor to have all this personal data that's no longer use on a server that is not password protected well sure i mean it's a huge problem for facebook and it's in an ongoing issue that they've had for some time their desire originally to be open with their data and share things has caused a lot of problems for that company obviously cambridge analytical had data but this is a much larger data set then any of those and i think we're going to find that there's more data out there these at a point time there was a place where facebook was allowing everybody to get the phone numbers and other information about facebook users who were a.p.i. and i think there was a lot of probably access that was made and date data that was downloaded that we don't even know about because they've got billions of users now i think there's probably that many pieces of data that are out there that have been downloaded that we don't know exist yet and so we're going to find in the future not only this kind of you know data set but even larger data sets because facebook allowed it to occur

so facebook has been under a lot of scrutiny for its various data breaches throughout history and this is just another example of it so now in the context of them trying to largely buy their crypto currency how can we expect to trust them with our wallet i payment information our banking information when they just simply came in secure something as basic as your name and phone number and get a key to my. this was an a security issue for them they allowed people to come get the day to cambridge and a lift at the allowed them to come get the data this data was scraped because facebook was trying to share user information we don't like it we don't want them to do it but that was what they were doing early on now they since changed the problem is there's been this data collected for some time and like you said we don't know how much data is out that they've got now going into their own cryptocurrency will have to see but that's a separate issue that they're going to secure and keep in mind cryptocurrency is a whole other architecture we haven't don't know for sure exactly what they're going to do with it how their block chain is going to work but we can be assured if

it's a community of interest with the cryptocurrency that there's going to be a little bit more security about it because the community of interest is going to sure that there's some security with it now taking a step back what responsibility do tech giants banks insurance providers and all these other companies have to do to protect user data are they doing and not or are they just trying to do the very bare minimum just to keep people's business well i think they're doing the bare minimum because you know in the united states we don't have any rules regarding this if this is the european union there be a whole set of other you know factors in play here in facebook was probably going to get in trouble in the european union for the data that they did get was released but in the u.s. we have only the breach laws where if they get the data stolen they have to report it but there's no rules that require them to keep the data and how long they can keep that data about us at all and there has been this recent wave of ransomware attacks hitting more than 50 cities and towns in the united states governments are losing access to all of their systems to run the government schools and libraries

have been targeted as well as law enforcement some cities had went ahead and paid the ransom as it cost more to fix it cost less to pay the ransom than to fix the issue and pay up but now and now this week a new york school system had to delay the start of their school year because of the ransomware issue we heard from a pretty. expert that this was a. tool that sort of got out of the box and hackers got ahold of it but is there a reason why they're deploying this weapon now we're seeing this ransomware spike this year well ransomware has been around for a long time the n.s.a. issue was one where the n.s.a. got hacked in some tools were taken from them whether this one specifically was them yet we don't know yet or their tools we don't know yet but the problem is this is far more nefarious in a problem i think than facebook's data world dealing with the fact the data still and we've all had our data still on but this is governments being shut down think about this $22.00 agencies in texas alone were shut down last month all in one

concerted effort in the difference here is these are not just drive by hacks these are concerted effort to find the weaknesses in these local governments and then go back in and shut them down so they break in stay there and they decide when they're going to make the attack and shut the agencies down like said last month 22 all in one you know shot so this is really i think a bigger threat because if you think we don't know who is behind these attacks and if you pay you pay if you don't you don't get your data back like atlanta happened last year but the problem is that being is if there is a concerted effort by a nation state to do this kind of thing we have a much bigger problem than we think they may be attacking small agencies just to try to figure out how to get into them and now they do something a much larger scale they can shut the country down so this latest actually just be another way of the terrorist attack basically what they are so sure because we don't know who's behind it it could be terrorists it could be a nation state we don't know who is behind these attacks and they're gaining money where's the money going it's cryptocurrency so in theory you know the federal

government is looking at that and they're trying to track where the cryptocurrency goes and trying to figure out where it ends up but still you know it's hidden behind the mask of the pseudo anon the name of the anonymity of the so we'll have to see where that goes but i think this is far more a concern that we've got to look at than what's happening with facebook's data so. very quickly what can be done to protect these local governments if anything at all well i think one of the things that we have a national level have to take this stuff seriously and i don't know that we are taking it seriously yet that people understand this thread and we have to look at some broader understanding of how to apply security in these small agencies because most of them have limited funds and they don't have the ability to apply the kinds of techniques in security measures that need to be applied it's obvious because they're getting attacked and so i think we have to take a better national effort at it and look at how we're going to in the future stop these attacks on the government shipley the silveira software thanks so much for

time thanks for let me be here. there is major news out of india regarding investment in the far east of russia indian prime minister narendra modi used the occasion of the 5th eastern economic forum in lot of small stock to announce a 1000000000 dollar line of credit for development in the far east regions mr modi framed the move as the latest element of his act east policy agenda and recall the longer addition of indian commercial and cultural ties to vladivostok mr modi made the announcement on the 2nd day of the 2 day trip to russia and was received as the chief guest of the eastern economic forum he announced that india is ready to play an important role in the arctic council as the 2 countries study the possibility of shipping oil mia the northern see where it good and then modi expect trade turnover between russia and india to triple by 2025 reaching 30000000000 dollars. then

finally the india china rivalry is rising to a new level as india prepared to land a rover on the moon india would become the 4th earthly nations and landing craft on the earth's largest satellite after the us russia and china china landed their exploration craft in january of this year on saturday india will try to join that exclusive club. and trees with the landing of the unmanned chandra to craft the 1st change ryan mission notably succeeded in finding proof of water on the moon surface the new mission if successful would land a craft on the southernmost spot on the moon never to be reached by earthly effort the wall street journal reports that japan is planning to join the moon club of nations in 2021 with a probe landing while the u.s. space agency nasa says they hope for a 2nd movie laning in 2023. that is a very impressive thing that everybody's taking this space exploration into the forefront of their minds right now and it's remarkable that apparently india's

space agency has a $2000000000.00 budget versus nasa here in the united states which is $20000000000.00 in the program seems to be in the doldrums but is it all india is quickly racing toward the future you know we're opening new routes here in trade and we still haven't even explore underground say it's an hour apparently we're going to space going to mars that that by this time you can catch her must underactive a town 321 dish network out to 80 or so i mean 247 up at a t.v. the free t.v. at 239 or as always you can head us up at you tube dot com slash boom bust hard to see next time. i. ready ready ready am

sure to stop it from continuing to grow. i just never know very good about the idea of bringing children into the world because i didn't feel like things were in very good shape that a life was just. it would be a lot of software programs. there's no reason to. take things that are. there's no reason to make something. to everybody's scared to talk about it survival is truly dependent on us addressing this issue and if we can even talk about it if we can even have a conversation about it then. we're in trouble. ready because there's survival guide ecstacy just going to start simply to.

be sure it's clear you don't forget that. this is a repatriation scheme look at the last 70 years. of the century guys report. you know world big part of the law and conspiracy it's time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smart we need to stop slamming the door on the bats and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. during the great depression which i'm old enough to remember there was most of my family were unemployed working class and it wasn't it was bed you know much worse

objective listen today but there was an expectation that things are going to get better. there was a real sense of hopefulness there isn't today today's america where shape by the turn principles of concentration of wealth and power. reduced democracy attack solo debt engineer elections manufacture consent and other principles according to no i'm chomsky one set of rules for the rich opposite set of rules for . that's what happens when you put power into the hands of a narrow sector of wilf which will is dedicated to increasing power for itself just as you'd expect one of the most influential intellectuals of our time speaks about the modern civilization of america.

money. influenced by new report alleges that there is a covert multi-million dollar scheme to boost. the u.s. . top russian business executive is detained in italy after request of washington and live in phoenix and in an attempt to steal american tax secrets. and the u.s. military exercises in south america next to venezuela in line with its apparent strategy of surrounding the enemy. why the tactic isn't anything new.