that had the purpose of stymieing parliament but that doesn't mean that the suspension is going to be lifted right away rather the u.k. supreme court will hear an appeal from the government next week u.k. opposition leader jeremy corbett agreed with the ruling saying that the prime minister was preventing questioning and debate of his goal to pull the u.k. out of the e.u. by october 31st take a listen i want to lead a labor government will bring people together and a relationship with europe. or an effective trading relationship with europe in which we have a dynamic relationship on regulations and right so we don't become a donald trump offshore or you look at the edge of europe on the mining the social advances the have good and i recognize that through the european you. know just after the ruling across party group of lawmakers gathered outside parliament to protest against the formal shutdown and said that they would continue to attend meetings and still go about their business inside the building. we've seen the

parliament is not sitting it should be sitting the whole disk up and. we make very clear as you saw in the church. just a few weeks ago. parliament was acting this way and that we will find other ways to hold this company and we will have other ways to assure our constituents who elected democratically. now this court ruling comes after a group of more than 70 opposition lawmakers challenge the government's decision to formally shut down parliament until october 14th last week a court enberg threw out the law makers challenge saying that the politicians not the courts should decide but that decision was then overturned on an appeal now fair and almost every day i think how can this story get any more uncertain but somehow it does and if there's anything we've learned from our guests it's that business hates on uncertainty absolutely does daniel and you know what the british chamber of commerce in germany today they actually said. businesses are dealing

with big uncertainty as with the practice of debate and still with it still not being resolved and that the u.k. and germany aren't prepared enough for praxair now the board says that a new referendum would obviously be better since the new law against a no deal with drawl and no new elections solve the problems that companies are already facing again we have the u.k. supreme court ruling next week and with the u.k. set to leave the e.u. by october 31st the latest exit to the bugs that show with r g correspondent. thanks so much for your time thanks daniel. and moving asia there has been a breakthrough a small one in the malays of the ongoing trade war with the us is china has waived tariffs on some goods coming in from the u.s. this includes 16 products including seafood and pharmaceuticals for cancer patients the exemptions will start later this month to be just before the trade talks restart in october here to break it all down and bring us up to speed on this and

a host of other issues is professor richard wolfe professor of economics and there are just at the u. university massachusetts amherst and the author of democracy at work a cure for capitalism professor wolfe welcome back as we said thank you there seems to be some small movement here with china showing some flexibility on their tariffs the news here that they've issued exemptions for 16 type of imports starting in on september 17th 12 of those products are already eligible are now eligible for retroactive refunds on tariffs already paid. the bill for a lot of that is already coming due moody's analytics estimated that the trump trade fight has already cost the u.s. $300000.00 jobs net that's existing jobs that were cut jobs that would have been created but we're told by the effect of the terrace so does that estimate of 300000 jobs lost sound right to you and how much of an offset are these tariff exemptions going to be. well i think the estimate is honestly an underestimate we don't know

what all the secondary and tertiary effects are it's not just a question of the job loss today but what the ramifications are if for example 300000 people lose their jobs their incomes are going to go down they're going to be able to buy fewer goods that's going to lead other companies to have unsold inventory and they will lay off workers that's how capitalism works and so this could be a much longer drawn out decline of both economies as they're both affected i think what you see in the offer of the chinese to rescind some of the tower of sand to pay back people who've paid a tower of is a sign of goodwill in advance of those negotiations that are to start pretty soon it's a pattern mr trump exaggerates and attacks and the chinese take their time wait a little bit come back with less of an intensity that mr trump showed unfortunately after the chinese announced what you just talked about mr trump through another

tweet out there emphasizing how much they have lost how desperate they must be when in fact for the whole world what you see is desperate aggressive behavior by the trumpet ministration and a very moderated response by the chinese they certainly behave as though they think in the long run this is their game to win and that mr trump has to be waited out in the hopes that something different will come either out of the election or out of the pressure from the united states even from the chamber of commerce in the united states who has a delegation in beijing right now trying to mediate this situation which is a kind of an odd situation in itself very interesting to when the chamber gets involved you know they really speak for our here in the u.s. getting done. story with some global implications the california state assembly has

now passed a law that would require door dash lifts and similar so-called gig economy employers to treat the drivers they clearly employ as employees but this graft of calling them independent contractors seems to be key to their business models and so those 3 companies plan to spend at least $90000000.00 they say to reverse that by putting it to a public vote as our guest yesterday had a mesh pointed out we're talking about some good companies that are already struggling to make profits how much of a threat is this california law for these companies that aim to be global firms. well i think what you're seeing and you're going to see more and more of it is a turning of the tide in the united states there's more and more positive attitude towards labor unions there's much more positive attitude towards tilting the balance back away from corporations to the mass of people the california legislature just is in the process of passing a law for example helping renters against landlords having done the opposite for

the last 20 years i think you're going to see a shift and those companies who are lift and so on are going to have to find the economies they want the profit advances they want in some other way then pressing down the wages of workers by calling them gig employees or contractors they're going to have to give them the same benefits the same security that the average worker got after fighting for it for on 100 years i think those companies are well positioned with the technology they boast about to find other ways to make money other than pressing down the wages which the mass of people are basically no longer going to allow them to do as they did in the past something's got to give professor richard wolffe another day of fascinating take thanks so much for your time. and mexico is making a major play in foreign trade and moving to financially reinforce their state oil

company pemex mexico's economy ministry has confirmed a claim from their brazilian counterparts that lanham latin america's 2 largest economies have begun talks on a broad trade agreement a previously agreed liberalization of trade in auto parts and finished vehicles took effect in march of this year meanwhile the mexican finance ministry has reportedly arranged for another $5000000000.00 infusion of liquidity into the state oil company pemex the ministry said in a statement that the capital would come from the federal government redirected from unspecified assets in the mexican treasury bloomberg reported that the ministry has only a range to provide a short term loans of timex as a bridge to credit from lenders including j.p. morgan goldman sachs and bank of america the ministry says the goal of the infusion is to refinance bonds that were coming due for pemex between 202-2023. time now for a quick break but stay tuned because when we return we'll take you back to

singapore with our very own christiane i who managed to catch up with my kong and singapore telecom industry talking about baiji and how asia is leading the way for the rest of the world and as we go to break we take note of one market will be an event to say the resignation of national security advisor john bolton the united states. of us regime change in iran in venezuela the price of oil after that event which had been trading up by roughly a dollar before partially recovering and for today here are those closing market numbers.

no there were no laws really. huge and marketed. and people began to look at the stock market as the proxy for the economy people are getting wealthy because their stocks are going up and they do they quit their job they just become speculators this is what happened now people are saying look the economy. they've been shipped overseas nothing day trading and the market goes up there. is this. little phone in the stomach of the broom despond of the coca-cola company which sells millions of bottles of soda every day the idea was out. there and the litterbugs are throwing this away industry should be blamed for all this way to

company has promised to reuse the plastic. on. the mountains of ways only grow. a little.

eh eh eh. eh eh. eh eh eh. oh. please. liz. let's just say. the least.

playing. and very well might continue watching us in such. you know. i want to. welcome back unrest continues to rage in hong kong and its implications have far

reaching effects touching not only china but southeast asia as a whole. is on the ground in singapore and she tells us that the stress of the protests has begun to spill over. the riots in hong kong have been going on since march and despite kerry lem's concession to formally withdraw the extradition bill 7 the unrest continues this prolonged disruption has already caused a spillover impact on to singapore and the broader southeast asian region the lion city has certainly capitalized on hong kong situation as many businesses have relocated conferences and other major meetings to singapore and while tourism to hong kong dropped to 40 percent this summer to a record low last seen during the sars outbreak singapore reported record high hotel occupancy 93.8 percent with room rates also at the highest since 2005 as mainland are now opting to holiday here in singapore it seems that singapore is benefiting quite a lot from hong kong fallout as both these destinations share similar traits it

captures now the leisure consumer market it captures the business and conference traveller market and lastly but most importantly it captures the investment and high end net wealth pride. clients and their assets as well so it seems like singapore is winning in all of this right well not necessarily the relationship between hong kong and singapore is deep and intricate and rooted in trade hopeless singapore its 5th largest trading partner last year and the 4th largest investment destination the riots have now impacted many businesses with operations in hong kong and the economic consequences have already started to show some retail sales are down more than 10 percent for the 2nd quarter and now it risks money into disruption in the supply chain any disruptions to the supply chain will cause it to be diverted and companies will certainly ship their shipping routes into competing ports namely shanghai and. a shift like this would likely result in

a permanent loss of business for hong kong and singapore which is that will be a devastating blow for the export driven economy so while singapore is making short term gains in certain markets the long term spillover effect is a net negative this includes many assets that have been relocated by investors to singapore as this is likely to be short term and temporary as capital will always find a way to flow to where there is opportunity the biggest risk of all is still the uncertainty of the contagion effect of the loss of confidence in hong kong remember in the 1905 tequila crisis what happened and what precipitated the mexican decline what precipitated thailand in 1907 and how about argentina it was always the same thing it was always the wealthy losing face or fear of the government and they started moving their assets out so we spoke with director of the bank at c i m b and he agreed that confidence is everything to remain confident because

no matter how cheap your cost of borrowing you see central banks everywhere cutting rates to 0 or in the case of europe was about to go on they could bring it back down to you be using more ways too. more liquidity to the financial institution what do you do with all the money out there if the demand for your goods and services in there because everybody is worried about their job so their livelihood all for their children you so they don't they're not going to be spending more so if the wealthy in hong kong convert to dollars or just outright leave then hong kong is spanish resulting in massive kid tejan ripple effect across asia and southeast asia and we're talking about the most lever developed economy in the world here with the most leverage consumers in the world with the most expensive real estate in the world so when you're at this level things can start to fall apart very quickly and the effects will be felt by everyone reporting from singapore. r.t.

. and one key component of the ongoing trade war that has been in serious focus is 5 g. in the race for digital dominance chinese telecom giant weiwei has been caught in the middle but threats from the u.s. have been met with mixed results christiane managed to catch up with mike told come expert in singapore to get his take on what the future of 5 g. holds. so i know you just finished your talk talking about the roll out of 5 g. over in singapore ok tell us about how that it's progressing but we had a lot of interest after more talks a lot of people came up to me and say hey this is what we should all do what i talked about was the idea of. good for structure wireless infrastructure of 5 g. as well as worth far more focus on 5 g. . s. we have although singapore because there are many countries already doing shit. pulling over sources in korea for example all the treetop search we put together in

the. investing in the 5 g. force structure increase the 1st country in the world to 5 g. . so this commission right in japan right you have the likes of soft very rough and tumble talk electric power. in a couple of others including this piece also have pulled resources together to roll out a 5 g. deployment right we have many cases of even before 5 g. 4 g. in the u.k. for example for the for the for the car rolled out why this infrastructure by sharing so what you do is that you have the pool of shit infrastructure being leased out to the operators so the operators those or better infrastructure or in the case of some of the other countries like korea for example the tree operators

or the structure. and so i know you mentioned that here in singapore there's aren't that many companies that provide 5 g. there's only a handful that's why this airs and there's no as well as a couple other smaller providers so in terms of you guys how do you come how do you guys a value which company to work with. that's quite. a difficult question to answer because it depends on the management of pitch walpurga. what i do know is that while we is a significant factor in the data validation and many operators asia are doing or would be adopted or we it would be difficult for them to. stop. before we partly because existing systems as they move towards 5 g. i'm sure it's easier for them to move across a 5 g. before we are already there before we could move. on unless something changes in technology which could be

a shift because the technology is moving towards software defined networks where the software goes more important then the hard work so who is going to spearhead the software component of it is. getting into the software development of it as well. as far as i know the. s.d.m. those that call it software defined that works we know there's actually a lot of it's headed by start ups. software start ups. although some of the bigger players for him to get into or see the old old the big telecom operators the. suppliers of the earth so. before we. all would be getting into it as to. whether this is smaller players who are spearheading that in the movie show and so forth before you know so it seems like the singapore government is the really behind the rollout of 5 g. and not a very fast pace to unlike what we're seeing here in the u.s.

so do you think that we're seeing a shift here where technology in asia and connectivity in asia is going to surpass that of the u.s. anytime soon definitely so because if you have c. in korea south korea is the 1st country to roll out commercial $42.00 pilots are being done in china in singapore in the japan or so so these are countries that have tried to even the militia telecom lasers to follow up on certain obligations in 5 g. or 5 you come to an area where by if you combine the need for high speed with. what they call the low delays will be can see. you're able to do stuff. where you can capture bigger ones all the time and if i use a machine we're looking at the back. 5 g. and connectivity is essentially going to be the backbone for the entire economy so absolutely what do you think which industries are going to be the most affected by

the rollout of 5 g. i think. a lot of common infectious be. seriously looking at far too you know deal with the market. cost of the actually electronic systems is a tube with a lot of software so most cars already equipped with. it all. are taught. there just electronic devices and they all need to be connected to the internet so. what better way the truth. is allows you to do online streaming of information. you could be doing. soul so that it's a whole new paradigm shift that you should see right there in the history scenario so in the auto industry and so how ingrained is singapore with like the entire

security industry the cyber security and network a mystery was very important cyber security is the new battles are being fought in the cyber warfare. world war in the grow better food i mean they're still there but more and more is being fought. in the deep. cycle on the ground. so subtle security as we begin to gather more information with high definition cameras because more importantly we keep this information private for profit use in the government has a duty to make sure that security around. all this data that we capture because you can be 100 absolutely right yeah yeah you have to make sure they're secure so with everything the new technology comes along thank you so much michael thank you christine.

and finally as the craft beer industry continues to expand and become the potent potable of choice for younger consumers one company has decided to pick up the pace and expand. further delaware based dogfish head brewery has been promoting its sequined ale as a healthier alternative to have your beers marketing the beer to those with a quote active lifestyle but now they're stepping it up to a new level the brewery has announced a collaboration with shoemaker merrill to create a beer themed running shoe in the image of its sequins jail this shoe will feature the logo of the brewery on the tongue of the shoe along with the theme of the beer morel is also designed the shoe to be made partly of recycled materials with parts of the soul and upper part of the shoe being made from old water bottles and the laces are made entirely of recycled goods you can buy issue now on morels website where the pair is being sold for $110.00 always remember don't drink and run that's

it for this time you can catch boom us on direct t.v. channel 321 tish network channel 80 or streaming 247 on the t.v. the free t.v. channel to 79 or as always it is up to you tube dot com most are to see you next. in the big pain years and across started 10 years i think it's time to shake things

up maybe change the branding maybe the format here is what i've been thinking about next season related episodes filmed on an island 10 experts fight it out for a trophy what do you think ok a more affordable option $25.00 text birds. one red rose another suggestion political jeopardy parody no political cookout where we will literally wrote the elites. late night show it's a rare format these days and it's cheap all you need is an old microphone in a printed banner. to leave me with one of my i guess i can do this and laughter politics gone wild like music. ok crosstalk is not about hype it's about meaning 10 years of talk and still going strong. peter if you want to change something why don't we get rid of the bow tie no that

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world to future generations to have and enjoy the ocean how we have. when we're talking the most sustainable world there's just above the sustainable they were the pundits not only. the number of tourists the system abilities itself in the world war which is the month aim bonus between the romans and war between culture and. conservation again both nature and those who wish in a very take this is a war on them this is to support them for so to manage them so you see it in the militia over there it.

donald trump says he thinks a deal with iran is possible after he fired one of the most hawkish members of his white house team both said previously by the u.s. quitting the nuclear deal with iran. and morals are held across the u.s. for the victims of the 911 terror attacks while survivors continue to question the way the investigation has been handled. the wanted to preserve. their geopolitical region 1st the. good the needs of their families and their family members survivors. the u.n. warns israel's prime minister over his plans for the west bank benjamin netanyahu is the intention to an annex part of the region is also.