this is boom box broadcasting around the world and covering all aspects of our global economy in the 21st century under your weirdo and i'm christiane washington has a lot about what we have it's so important that so much of sovereign issuance of money it's clearly over private issuance of money it's here again. as the ways of the global trade got dropped are many investors are betting that cuts have turned things maybe that they think that what looks to me that early days in the global slowdown. because when nolan barly a point that can think up large to get his take on the can look for in a crisis you're about to watch the best 20 minutes of business show that money can buy let's go. ali baba has unveiled its 1st ai chip as china rapidly celebrates developing its own homegrown semiconductor industry the $1800.00 chip

can cut down computing tasks that would have usually taken an hour down to just 5 minutes and it is currently being used internally within the company's business operations specifically and products search 2 personalized recommendations and advertising the company is planning to use the chip in its called competing products which so want to amazon is the company's fastest growing division ali baba's move into a i had swallowed fall away which last month unveiled its own a semi called the ascend $910.00 beijing highlighted something conductors as a critical growth area and plans to produce 40 percent of the semiconductors it uses by 2020 and 70 percent by 2025 this tremendous progress made by huawei and ali baba recently highlights how serious china is about we need self off of us the supply chain and now they're pitted directly face to face against the u.s. as qualcomm and the video for tech dominance as china moves to strengthen its defenses and focus on domestic growth president is reverting back to his hard line

trade policies adding to the pressure after more a conciliatory tone in recent days china's foreign minister while he clapped back saying that the us reverting to a containment policy on china is a wrong idea which cannot possibly work and that china will remain on its own path the us should not try to change china and that training goshi ations cannot happen under threat of course now with the impeachment proceedings now launched against china will most likely delay its pursuit of any deal hoping that either the president is removed or loses the 2020 alexion as such and messes remain doubtful that there will be any significant movement in the trade war between the 2 nations trump ever mindful of market reactions announce that a china deal could happen sooner than you think this morning sending the algos into a frenzy the dollar ticked up the yields perked up and then the dow. $150.00 points on trading smart money however it remained on the sidelines as this comment is completely non news. and in happier china related news swedish home furnishings

chain ikea is making a big investment in the chinese market to boost winning sales growth in the middle kingdom the financial times reports that ikea will deploy 1.4 $1000000000.00 in new investment in chinese operations over the next year the resources will go to building new store locations and referred wishing existing outlets like he also will reportedly experiment as they have an india with smaller store sizes and their renewed push into china ikea stores previously have been sited on very large campuses limiting their penetration into some geographic and commercial niches he has considerable resources to devote to the chinese upgrade with their latest report in one state showing global sales rising 5 percent in the 12 months ending on august 2031st of 2019 the company reported 36700000000 euro's in sales over the past year helped along by a 46 percent increase in online sales. and see nicotine delivery

device manufacturer jewel labs resigned on wednesday as the baby sector comes under increasing global regulatory scrutiny the outgoing c.e.o. kevin burns was replaced by an executive from altria college area is the current name of the former philip morris cigarette company and it holds a 35 percent stake in jewel policy makers in the u.s. have recently become cognizant of the ramping use of vaporized nicotine delivery devices among teenagers and young adults in the wake of hundreds of cases in the united states of illnesses cited by the centers for disease control and some reports have attributed those illnesses to the use of vitamin as an oil invading cartridges containing either nicotine or cannabis although authorities cannot hit on a theory that covers all of the cases from either type of a.p. material maybe really illnesses in the u.k. have also been confirmed by a report and the british medical. journal jools popular lucrative medium of delivering nicotine is an addictive drug by a nicotine salt is said to by experts to exert on

a stronger psychoactive effect than cigarettes or other babying methods and thereby presents a heightened risk of abuse abuse dependence and illnesses among young adults. time now for a quick break but stay tuned because when we return as the waves of global trade get choppier many investors are betting the cryptocurrency may be the biggest what looks like it could be the early days of a global slowdown managed to catch up with no one but only in singapore to get his take on the chances for crypto in a crisis. live

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live. so. clear. and very well welcome to you watching us inside us. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race is on all sides 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.

because the news. here for you while you. are happy. to see this you.

guys you live but if she warned you cross the road and i did the dishes at the balls more than those jeans and you miss beecham you see me you lou true she. has handled some of them when you die zeke yes overwhelming in the news i mean those are the inference involved. a lot of you will see sawing and fuzzy fights about to come to the most ardent. last. year. they were basically. going to the.

welcome back following the complete corporate collapse of british travel giant thomas cook the company's german branch is on a lifeline by seeking new investors the firm subsidiary has fired 4 in salt filed for insolvency in order to separate itself from its british parent company to avoid what they have called financial and telling moments and liabilities while investors are suddenly setting their sights on the newly independent company the german government has said it is considering a bridge loan to keep the company afloat this claim comes with just one day after the german government issued a loan of $380000000.00 euro's to condor airlines thomas coke's airline in germany which is yet to be approved by the competition commissioner meanwhile across the north sea in the united kingdom the british government will be taking the reins with more than 70 flights to return stranded passengers back home the flights will be carrying more than 16000 travelers in what will go down as the largest peacetime

repatriation effort in the u.k.'s history according to reuters. german authorities have raided deutsche bank searching for information related to don's bank and its involvement in the money laundering scandal preliminary findings suggest that the way to handle about $200000000000.00 that's suspicious transactions tied to don scare me a bank has been trying to untangle itself from the scandal but was ordered by estonia's regulators to pull out of the country earlier this year and is now the target of criminal investigations in estonia and. the us preliminary criminal charges have been brought up against several of its former execs donkey's dirty money saga has implicated all their banks as they came became unraveled including nordics weed bank as investigation digs deeper i there regie the former head of dons gave banks are minestrone and witness to the investigation has been found dead after he went missing on monday while authorities have found no evidence of foul play it is reminiscent of the suspicious deaths of the bank the exact william

burroughs smith and carl beryl gandhi no. and while all appears calm on the surface of the equity markets we are now on day 3 of covering the continued liquidity crisis in the repo market this so-called temporary glitch that they blamed on end of the quarter settlements has now bloomed further and the fed does not seem to have any way to regain control of the very rate that they are mandated with managing instead they once again try to placate the market with fed gov and run our camp claiming that the recent spike was a result of a simple imbalance of supply and demand and not a sign of a deeper distress in the credit market now if that were the case then why did the fed then decide to dramatically increase the scale of its bailout for both overnight and term repose which began yesterday and doubled from $30000000000.00 to $60000000000.00 in the overnight group from 75000000000 dollars to now $100000000000.00 this situation is worsening with the dollar demand today being

oversubscribed again and now as we approach month and this situation will most likely get worse as banks have since been holding off so with the modern monetary policy now crumbling what's left when it fiachra currency that is back slowly by military might fails what's the alternative. we've caught up with nolan bali director of research aqua and us who takes us back to bitcoins inception where rose from the ashes of the last financial crisis as the embodiment. free money. and because i kind of originated the last time we had the global financial crisis so it's actually really interesting that now we're kind of in this middle ground where we could potentially be on the brink of another recession and now we see the rise of it as a hedge again that's precisely it and i think that's an important aspect of this because you can really test i think of your world view by its ability to predict the future right so you have an idea and then if years later that idea is actually

manifested in reality you are world view is probably correct so a lot of people have been talking about this exact scenario since 201-020-1120 extension 12 here we are. even more interesting because the komodo essentially predicted this outcome he said the those lever's of macro economic control that central banks weakening gone almost i continue to believe that the japanese pseudonym used was to have the kind of authority to say to america and everywhere else that what japan has been living with with negative yielding interest rates and all that stuff in large debts was actually going to be the experience for everyone in the world so the last decade of japan in the ninety's has become the common experience of all these other large trading nations so you mentioned that your previous background before you got into have to you were actually in the legal space and you were studying the effects of the last financial crisis and. so give us your perspective on that and life where do you see kept on fighting and well that's just it i mean when we when we studied that we saw let's

say the ability to. determine the outcome for our a great many people from the top down important policy decisions were made and it really shift us way back to when the federal reserve started in 20 in 1012 the context then was is this an appropriate powered for governments to have anyway because of course before that we were all in private issuance of money so individual states would release their own currencies companies and banks would release their own currencies there were reasons why this. no good there were reasons back then and there was a huge fight about whether the united states creates its own you know sovereign issuance of money so where we are at now is kind of the you know going back to what it was like the monopoly of sovereign issuance of money is clearly over private issuance of money is here again now we are experiencing the troubles of profit if you issuance of money

a lot of volatility but that's kind of normal for right now i don't think anyone really dislikes the volatility of bitcoin it's quite funny so you know we're still not on the main stage of global financial discussion but we're in the wings are in the way it's interesting because history always repeats itself and now we are seeing that money is becoming more privatized again however the problem is that the u.s. dollar while it's not really backed by it's backed by military might well you're right so how will private issuance and let's not just military might i mean when they when they took over this sort of global reserve currency aspect they were important considerations you know there was a sort of run on the us gold reserves people were asking for their gold back in the early 1970 s. and so nixon you know flip the switch and we grew into the world we're in today of course america it's not just the guns in the military i mean they created a network around the world where everyone could trade you know the all trade routes

were secure and that came at a great cost right it was really just so that everyone could live well and so this was paid. so you know the u.s. dollar was able to exist in this because everyone kept their balance sheet it was the reference of the entire economy is that appropriate i don't know i don't think so but let's take our time now and you know i don't imagine the u.s. dollar is going anywhere it's sort of a great purpose it is by far the most important currency in the world today but you know there is an aspect. of you know you can just assume that continues forever things could change quite quickly. but right now it remains the best place to do business that's for sure but take a look at china you know they're on the most famous deal on earth right the hong kong deal is the most famous deal on earth and they're just going to say no are people going to want to deal with that country you know that the origins of new york city for example new amsterdam in the beginning was really you know if you

have money we can deal with you that was unique in the world at the time everyone still had religious prejudices of protestant and catholic and new york was different from the start new york was you want to come into business were great and that's really where the american business mindset grew from and i think that you know should continue to perpetuate around the world it should continue but as we were just saying previously they were pretty much at the forefront of business and finance and this new way of doing things however now they seem to be almost clamping down a little bit we're just saying how stupid the bit license was in new york and what do you have all idea it is so it looks like they're actually taking a step back yeah i don't know what step back i think they haven't learned a little bit like when you when you have the sort of top down approach that i was mentioning one when the bailout happened they were making decisions for all kinds of people right they were they were they were determining basically real estate prices 10 years out right you know the the cantillon effect it's called right for the continue effect so we're definitely living the cantillon effect because of the

compelling effect basically being if you issue all this cheap money a large portion the population the burra we just assume that consumption because everyone's you know building houses all the construction workers are now more money to consume but now we are in the sort of 2nd stage of that where you feel the pain of the and everything has been artificially low everything and i don't understand why you need us need to continue stimulus to continue to increase consumption and we love that given this backdrop in the u.s. as well as it was a continuous regulations that don't seem to make much sense. do you see the u.s. continuing its dominance in terms of i don't know if it ever is a national consideration i don't believe national considerations are an important aspect of the development of crypto currencies i think american people will continue to be heavily involved in it but certainly new york is missing an opportunity all that said i do live in new york and a lot of the greatest talent in the industry is there i know several of my american

colleagues do believe new york is a backwater for crypto i disagree on that i do wish we had a much more welcoming environment and maybe they'll learn a hard lesson there but for now new york does remain intellectually and human capital wise an important place no one is a pleasure to hear because i have to especially given the global macro backdrop here pleasure thank you for me. how can the arctic region be protected from impact of human activities such as oil and gas production mining and shipping the contamination of arctic waters with hydro carbon pollution would be nearly impossible to clean up even by mechanical means but now western biologist believe they can use new and more natural methods for the cleaning process archies uli's shapovalov has a story. inside these flasks invisible life boils apart from water and oil they

contain bacteria supposed to eat the oil and leave the water crystal clear and free from oil pollution in the laboratory of moscow state university biologists are working on creating a microbial agent to help degrade began small manmade or oil spills in the northern seas of the arctic the project was initiated by russia's oil giant ross net and the nongovernmental in a practical institute they prepared and send the biologists of m.s.c. to the arctic to take numerous samples of microbes in the ice cold waters to single out and then cultivate the oil eating because here again generally the use of oil pollution techniques using microorganisms have been around for a long time it's already possible to target oil pollution in moderate temperatures but at the moment there's no means to clean up oil spills at negative temperatures in icy conditions and that we found such a microbe that lives multiplies and eats hydrocarbons at minus 4 degrees celsius it can do all that in the ice this method is particularly relevant for the arctic it

makes it possible to restore the properties of the ecosystem that existed before the impact introduced by people it is used in conjunction with traditional methods for the elimination of oil pollution. the oil eating bacteria naturally occur throughout the world's oceans and can be found in high amounts wherever their oil leaks hydrocarbon organisms have successfully been used to help clean up major oil spills including the b.p. spill in the gulf of mexico in 2010 recently scientists from the united kingdom russia and china found all eating bacteria even in the oceans deepest mariana trench the books he read the russian biologists found love the cold they live in the arctic and temperatures of plants $25.00 degrees so says illegal for them it will be our method with the use of the oil eating microorganisms is no different from what naturally takes place in the wild except for the fact that with the use

of a substance the process of cleaning up will run dozens or even hundreds of times faster so we're simply accelerating the natural process is our product will be applied in a dry form it is a dry powder and the microorganisms are in a dormant state ever us it was important to select such microorganisms that could survive the process of drying. scientists say the absolute majority of hydrocarbon loss does not occur as a result of major accidents but as a result of chronic spills for example during refuting of boats and fishing vessels or when it's time to laden with tons of huell leaks part of its cargo in many poor cities in the arctic there are often small quantities of oil that can be removed with mechanical methods so remaining clean oil film is supposed to get eaten by microscopic bugs. and sure the substance that we develop will be on every ship and every port city in the arctic and not only that so at the slices appearance of pollution we can immediately use the nature like technologies used microorganisms

to dispose of any oil contamination after consuming the oil the microorganisms leave nothing behind by c o 2 also and microbial biomass and base by a mass is then eaten by some other life forms like plankton fish the plankton thereby maintaining the food chain in the ocean the scientists say they are in the final industrial stage of this work as their expeditionary and laboratory stages have already been passed when will we see a clean oxic and everyone will bow down and say thank you. i think that in 2 years we will have all the necessary documents and regular asians so that such a substance can be industrially manufactured next that scientists are ready to go on and develop new nature like technologies for warm seas fresh water areas as well as for breaking down oil in the soil all these measures are part of russia's federal program as the country develops the northern sea route discovers new large

oil and gas fields in the region and deals with old soviet military bases around the arctic circle at the latest arctic for in april it was highlighted the country had taken responsibility when it comes to preserving the unique nature and fragile ecosystem of the arctic as well as protecting flora and fauna from human experience . and finally the sound of a kit kat candy bar is familiar quenches familiar to many people around the globe but now the world famous nestle product is swapping its red wrappers for the red carpet u.k. consumers will soon have the opportunity to unwrap like royalty with the addition of luxury kit kat bars that the company plans to unveil in shops across britain before being available on its website globally before 2020 the bars will be

available in about $1500.00 flavor combinations including earl grey and mess with the luxury look comes a luxury price tag as just $1.00 kid can't borrow will carry a cost of $14.00 pounds or 17 u.s. dollars the bars will be sold to john lewis shops across the british isles from thursday of this week until christmas eve according to nestle. 1500 flavor as i mean how do you even come up with these players in the 1st place yeah i guess that's a u.k. think i don't even know what that would taste like you know that's more flavors and jelly beans. and i also heard of other flavors green tea you mentioned the other day the one other thing i know about kit kat they're popular in japan as a reward after taking tests exactly but i think like in marketing this as like a luxury takeout i think it's a little bit of a stretch to $17.00 that's currently like a diverse price that already yeah i don't think of kit kat as a luxury item but will see those as some very boozy students there that by this

time you can catch a boom bust on directv 10 on 321 dish network to 80. 7 on the t.v. afternoon to 79 or you can always catch is that youtube dot com boom bust our. what politicians do. they put themselves on the line to get accepted or rejected. so when you want to be president when she. wanted. to go right to the press this is what before 3 in the morning can't be good. i'm interested always in the waters in the. first. 6 geysers by the actual survival guide. when customers go by you reduce the price.

to now well reduce some lower. that's undercutting but what's good for food markets is not good for the global economy. of the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been faithfully implemented for inside venezuela things move different we're going to announce sanctions against petroleum's to venezuela associate. in the school that have a son of a moment goes. down person political battle so on the people of the moment the focus of the who story is a new nixon told in henry kissinger to tell him that it would not be tolerated that in latin america an alternative economic and social system could take

hold and therefore the policy would be to make the chilean economy scream so once and making the economy of venezuela screed. this is a story about what happens auster a stray bullet kills a young girl in the streets. what happens to her family and daughters in florida you know the mother daughter is buried in a cemetery it really messes with your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court be. shocked shocked as far off as i feel. we don't know she'll

share this. end of this trial unfortunately you. will still not know childress. complaint filed by a whistle blower with child support impeachment proceedings against president trump is released it is central to claims he tried to get political favors from the ukrainian president during a phone call republicans and democrats are sticking firmly to their party lines over it. by the white house confirms this behavior which undermines the integrity of our election this phone call is not an impeachable offense and. still wants to investigate the alleged corruption activities of former u.s. vice president joe biden and his. claims goes well beyond.