judge has ruled against tesla in a labor dispute that sells even more trouble for the already hobbled company molly barrows contributor to america's lawyer will be on hand to sort through the ruling and what this effect could have for a long lost and the tech superstar firm time to go let's go. what started off as a global trade war turned into a currency war which then ultimately matched the cold tech war being fought right underneath the surface this global chess match between the superpowers china and the u.s. now shifted into the next phase of the global struggle for economic supremacy capital wars while still in discussions on the actual mechanics of how to implement and enforce the trump and ministration greenlighted this review this would affect billions of dollars and china bound investments as well as the u.s. equity indexes an e.t.s. of which contain a hefty weighting of chinese stocks one mechanism being considered is to force chinese firms to delist from u.s. stock exchanges under the guise of security concerns

a force the listing of this scale would be unprecedented as more than $150.00 chinese firms currently listed on the u.s. exchange and other ways of curbing capital include limiting u.s. portfolio inflows into china and limits on exposure and also blocking new chinese i.p.o.'s from listing nasdaq is already cracking down on i.p.o.'s a small chinese companies by tightening restrictions and slowing down their approval process stocks in mainland china fell to the lowest in almost a month as the u.s. further escalates into the planned trade talks discussions this opens up a new front that we have not seen yet in the china u.s. conflict the big question now remains are these just loose headlines and make threats from the white house using capital flows as a bargaining chip or is this a real threat while a treasury official reported over the weekend that there are no immediate plans to eventual u.s. companies from listing the market is not reassured as the source also said that there is no timeframe for. their implementation and

a crackdown can come without warning there are now at least 2 bills circulating in congress that could result in capital controls if passed markets now see a lot more downside in this new front in the midst of us pension funds to tide is markets with the massive portfolio swings that spells disaster for the tech sector china could further retaliate and dump u.s. treasuries but what is most worrisome is that this is an extreme departure from the u.s. as longstanding free market orthodoxy the us has long advocated for opening financial markets around the world to capital the fact that this discussion is even taking place is shocking to the whole international finance community. now with more on the field of battle for this global capital war we bring forward chief strategist of the trading welcome back now a treasury person says now that there are currently no plans to block chinese companies from being one listed on u.s.

stock exchanges but they also say there is no free timeframe for implementation further fueling the uncertainty so is in your view is this a real threat or is this more of a bluff or is the uncertainty that the he can create the mr president can create from the suggestion is that the move itself just to create more uncertainty. i think it's part of from you know art of the deal i think you know that's in my opinion that's never going to happen there never the less these companies because it just it doesn't make sense it takes away money out of the flow of our markets so they're not going to do that and of course the chinese stocks did recover a little bit today based on that information you know could happen i don't think so i think that this is more of a play and good president trying to slow down sure there's a lot of things you can do but i don't think that he would do this is this would be this would be a very bad idea and i don't i don't think he have done and they can get. past i

think there's too many things going on there they would create this from ever happening so while the market doesn't think that they would actually do a list that is pricing the fact that the u.s. can place potential capital restrictions on chinese companies and if they do so what in these chinese companies then instead of i.p.o. in america when they just walk over and list over in hong kong. they'll probably i mean they will listen over to hong kong i mean baba want to do all this there anyways i think what you're doing is yours you know in china for years they still have kept more restrictions on what can go out so they've finally opened up the markets to their people so you can see anything happening but again i don't see any real restriction i think this is more of a waiter pressure of the chinese to say hey let's get this deal done let's get the free trade going let's get all these tariff wars over and this play ball and i think this is what's going to happen and i think you'll see you see the reaction in the china markets which has been pretty much disastrous and but then what and this actually does end up hurting the u.s.

rather than china. a lot i don't listen i at the end of the day if they did the less they would do i think we would survive and we were provided still flourish but i don't think that again i don't believe that we're going to go back into just the american united states of america only without having international trade international things going on so i don't believe that will happen i don't think it is i don't really think it's an issue to be honest. and meanwhile bubble of the u.s. dollar is at a high for the past 2 years against both against both the euro and the dollar index basket the ice dollar and basket sounds good but of course in international trade a higher value currency hurts your exports is this trend in the dollar trending higher going to start affecting corporate earnings and when we start seeing that negative effect in the earnings reports coming up for this next quarter. why are those i think the dollars going significantly higher amount i'm looking for at least par when it goes up to i mean we've been looking forward since it was in the

eighty's but i think it shouldn't hurt profits but of course these are built in excuse is that the car corporate corporations will have when it comes to earnings because certainly they know enough to be able to hedge the dollar if you want to protect against dollar exposure you can certainly hedge it in the open free mark. it's so i think this is more america skews when they do start using it it's the same as you know whether because it certainly could be hedged relatively easily i mean we try to globally and we're able to hedge dollars overnight so it's certainly something that could be done and should be done but they rather would use it as an excuse for not making their numbers the kind old back as far as the export and look this is what the currency wars created this is what the fee currency system is done through the federal reserve is allowed central banks to manipulate dollars and the united states dollar is a fair ass and so there is money flowing you're because of someone certainly around the globe so on the back of a strong dollar the u.s. right now isn't it needs to borrow money lots of money and china is $1.00 of the

main main buyers of u.s. treasuries so given the strong dollars and this very bad economic front here china can actually refuse to buy for the u.s. treasuries whereas the u.s. going to bomb money from. again though you can always get to a rate for some reason alone your money now i would find it very hard to believe that china would actually stop borrowing money and buy u.s. treasuries because they've got too much invested you know. bank 5000 they own you have your own 5000000 you own them and i think right now based on the amount of money an amount of treasuries that china is holding they've got no choice than to keep supporting this or they may not get paid back so i get these go into a lot more complex things than they're going to they're not going to buy our treasury more or they're going to try to sell our doors they sell them we do good simply just manipulate everything down so it's not that simple and it will never happen. and todd this upcoming earnings week may be very revealing in terms of gauging the health of corporate america we've been touching in on these i.p.o.

is the sort of troubled i.p.o. market recently seems to be crumbling in fact the median i.p.o. in 2019 is drastically underperforming the russell 3000 is the worst on record right now surpassing the negative returns at the peak of the financial crisis from 2009 so my question is did we just we've just gone through witnessing an i.p.o. bubble bursting now that we work i.p.o. has been postponed and pull its own crashed in trading. well you're going to get a couple of ways you can say investors are finally getting smarter and they're not chasing these i.p.o.'s up but it certainly indicates there are some problems and of course you know we've been talking about this for about 6 or 7 weeks that i believe that we're already in the early stages of a recession to begin with you know recessions like markets don't announce themselves and say hey we're going to recession there already i think it's already started and you can see that showing up in some of the earnings that are going to

be out this week i believe and the new i.p.o.'s that people are not going to chase into them the only that's really confident right now is the consumer because they can afford to pay for it by the month and they've got jobs but if you look at underneath the surface corporate executives are selling their stocks are already you know ahead of time because they understand that there are some issues and they're seeing of their own companies so i think we're in for a somewhat bumpy road when that starts i can't answer that question but i it's you know get the market's going to continue to drift higher but eventually they're going to have they're going to have to come to a meeting because we are certainly starting the very early stages of recession not so let's go back to the i.p.o. market right here we work was essentially a real estate company and peloton for lack of a better word is just stuff overpriced stationary bike with an i pad super glued onto it and the real innovation right now has actually been coming out of china in 2018 the biggest i.p.o. were chinese companies on the u.s. market. which included 10 cent which included a neg which included ali baba back in the day which generated $300000000.00 in

brokerage fees for the u.s. trading market so all of this information and all of this money and revenue into the u.s. market is actually coming from china so again is that does the u.s. market actually is harmed from the us implementing capital controls on chinese companies. well again i don't believe there's going to have a controls but if we get down that you already saw the very beginning surface on friday when the when the the in the news that came out of bloomberg so certainly that's going to create a much bigger selloff but again these things will resolve themselves they always do and there's always a reason why markets finally get that final selloff after they've had it really that's going on and on and on and that could be that it might be the black swan that shows up but eventually it will work its way out and it will there will not be restrictions because again we go back to it's a simple dollars and cents game and we're not going to give up those dollars that's a little bit different than the dollars that we're talking about for turf and for true. while america is going to lose out on

a lot of innovation if they do try to restrict all this couple if they steal our innovation or whether there may be are very to begin with we'll go back to those tiger woods chief strategist bubba trading thanks so much for and say thank you. china's central bank in accordance with their promise to further open up their financial markets has granted pay pal holdings to buy its 70 percent stake in chinese payment company this makes pay-pal the 1st foreign player to operate in the nation's $24.00 trillion dollar payment service market pay pal's acquisition of go pay international technologies has obtained licenses for online mobile and cross border r. and b. payment services this is a huge accomplishment for pay pal who has been trying to secure this for 5 years it will now compete alongside tech giants hourly pay and pay in china however it will focus more on cross border payments being the preferred method of payment for foreign consumers shopping in chinese online stores pay pal owns

a space as the most popular cross border online shopping destination globally with one 3rd of its 210000000 users having bought products from chinese websites. the biggest player in the african mobile phone market may be adding. insult to injury for companies with high profile botched delayed or otherwise disappointing initial public offerings chinese corporation transmission makes and sells mobile phones or the techno brand in africa which captures just under the african mobile market according to market research firm i.d.c. transience i.p.o. suggests investors are confident and transience future prospects its 1st day of trading the price of transience stock increased by head turning 96 percent before moderating to a still very impressive 1st a gain of 64 percent the net result of a valuation calculation at that price would be $6500000000.00 for the cell phone maker aside from the impressive start the transition i.p.o.

is also noteworthy for taking place on the star market the stock market is the shanghai stock exchange is highly touted answer to the tech heavy nasdaq exchange. time now for a quick break but hang here because on the others. have. labored even more they already company. and. the long march. and as we go to break here's a number. you know world big. ways to

dig deeper to hit the stories that made you refuses to tell more than ever we need to be smart we need to stop slamming the door. 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. scandal is ongoing the whole negative interest rates are the same as we were and the better in the bond market these things are happening or experiencing a breakdown of markets all over the world so what we have we dodged one bullet call the we'd work i.p.o. but we're getting gunned down in a financial bullets from financial bad guys shooting at us with impunity. paradise with some ground turned into a round the experimentation feels great cultural chemicals we know that these

chemicals have consequences they are major irritants there's no question otherwise why would that the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments that often in day you have many of these people 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. welcome back saudi arabia's crown prince mohammed bin sol mon is warning that oil

prices could spike if allies do not join saudi arabia's push to isolate iran the crown prince's suggestion was arguably counter-intuitive as most observers have seen aggression against iran as more the more like. cause for a price spike rather than continued restraint from iran's adversaries in a news making interview with the us news magazine show 60 minutes the monarch in waiting said quote if the world does not take a strong and firm action to deter iran we will see further escalations that will threaten world interests or supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes in some on again claim without offering additional evidence that iran was culpable in a recent attack on a saudi saudi oil processing plant and for more on that and on the much anticipated i.p.o. of saudi aramco we're now joined by r

t correspondent alex mahela from toronto so like saudi crown prince mohammed bin salmaan is asking for action against iran but in his words a political and peaceful solution is much better than a military one so why the restraint all of a sudden. look iran denies this and has from the very beginning any of involvement in this airstrike which is which was drones as well as missiles supposedly involved in this hitting 2 of the saudi's biggest a oil refining or a reserve production facilities one of those actually the biggest in the world now for the saudi prince one thing that he knows is that in this case war might be bad for business because what we saw and some investors kind of like that when you know where the numbers jump when it comes to oil they jump price wise when the propriety goes down the supply were down by about 5 to 6 percent after the airstrike we saw the initial jump of 20 percent per barrel in the prices and then it just dropped to

10 percent so it was nothing you didn't really hold too long but it was the biggest jump that we've ever seen look at this graph of the. kind of brings it all down for you because this really is very very telling major all oil supply disruptions we have everything from. wars to hurricanes strikes the libya war katrina you know the big things happening in this world and some of these wars are sustained and this was the biggest spike that we've ever seen it because this was the most a massive of things when you look at 5 percent 5 to 6 percent of oil supply be cut off now the prince of self you know him and his company here that are ram co which is you know the state company in saudi arabia for oil well they're doing all right they're doing all right everything jump back into shape aramco actually somehow magically is doing their production is just under what it was before so that's pretty incredible in itself and according to the principle to this is the worry so

according to the prince he said the middle east region represents about 30 percent of the world's energy supplies about 20 percent of global trade passages and about 4 percent of the world g.d.p. now this is where he knows that a war with iran could be devastating not only for his own economy which was hit by 20 percent ok when you visit happened right so this is this is massive here so it's for the globe and so he does not necessarily want to go to war because he knows that on the other side of things things might not look too good for anyone and alex you're joining us from canada and we know there's been some bumps in the road to say the least between diplomatic relations between saudi arabia and canada perhaps most remarkably this threat to from a government associated twitter account basically threatening to 911 canada just about a year ago but there seems to be finally some good news for a canadian bank in a role with the saudi aramco i.p.o. process what can you tell us about that. there are deals absolutely massive as you

know so r.b.c. the royal bank of canada have been awarded a role in this this i.p.o. and this is what they're doing so the canadian chartered bank has been chosen as a book or now when i see a book corner i mean they'll be joining in the international syndicate of banks there's many banks involved in this and what they do is they're basically underwriter secured everything in check in now aramco is also considering a canadian rapper so this is basically a so-called robber to be able to sell and market the products here in canada when i say products i mean you know their i.p.o. is going to be massive we're looking they were thinking is going to be about 10 to 15000000000 we're looking at 100000000000 in bonds are ready tons of interest in there so this is going to be absolutely massive and it's not too far away starting up in october and everything should be on the go by november big news r g correspondent alex me hell of a joining us. thank you. american

fast fashion retailer forever $21.00 filed for bankruptcy protection on sunday and said that they're planning to close more than $350.00 stores worldwide the low priced fashion retailer has more than $800.00 stores throughout asia the middle east the u.k. and the united states for a $21.00 has prepared $350000000.00 in funding to restructure according to a filing with the bankruptcy court in delaware according to a spokesperson for the retailer forever 21 plans to close 350 stores worldwide with 178 of those being in the united states where it still has 541 locations the company blamed a slowdown in traffic and shopping malls where the bulk of their stores are located and over expansion over the last decade for their well. the only california judge has said electric car company tesla and its founder was broke the law when they threaten employees trying to unionize legal journals geragos

contribute with america's lawyer joins us now with more on this judge's ruling molly welcome back in what way did mosque in his car company explicitly break the law according to this judge. in several ways and hi nice to see you in christie as well so last week this administrative judge ruled that tesla violated the national labor relations act a number of times when workers in california organized a union 2 years ago by threatening and retaliating against them so judge me to tracy ordered the company to stop a number of these actions including eliminating a rule that blocks employees from handing out union literature when they're off duty and also to stop interrogating people about any union activities she also ordered tesla to reinstate and give back pay to one union employee who had been fired and rescind a warning that they had given to another pro-union employee tracey had a. slew of other comments in orders for the company as well as its founder ilan

musk related to this case she called him out on a tweet from may have last year or musk essentially implied that joining a union meant his employees would give up tesla stock options and she threw that down so that was illegal and she ordered him as well to be at the tesla plant freema california when he or someone from the labor board is supposed to give a public notice read this noticed employees of all the ways of the company broke the law and basically what they're going to do about it so she had some strong words for them and their actions as to how they treated these employees these employees can certainly feel like they've been backed up by the law so who is behind this entire complaint who actually filed the complaint. well it was several workers back in april 2017 they filed that they were the ones that that tesla facility in fremont and with the help of the international united automobile workers union they were all part of this law this complaint so according to court documents the workers had raised concerns about safety at tesla facilities below

market wages long working hours lawyers representing these workers and the unions say tesla has threatened them when they were trying to unionize them restricted their right to speak about it for themselves so employees accuse the company of using security guards in fact to stop them from handing out union flyers at the car plant they would then photograph their badges and order them off property so these were threatening gestures that the judge said had to stop and employees were also banned from handing out any materials that were not improved pre-approved by tesla and even instituted a stricter dress code after employees began wearing shirts with the union logo so in a number of ways according to the complaint they really cracked down on these employees and the judge again backed them up for that molly barrows control. you so much for being here. thanks kristie. and finally the idea of the british parliament as a group of chimpanzees doesn't seem like that much of a stretch these days considering the devolving discourse in the parliament as the u.k. careens toward a no deal brock's it no secret

a british artist banksy has thought of thought up the exact scenario for his previous 2009 work devolved parliament which will go up for auction this week with an expected sale price of 2 to 2500000 the piece which replaces members of parliament with chimps measures 4 metres long making it the largest known canvas piece by the artist according to auction house saw the bees the topicality of a 2009 piece was not lost on alex branch it saw the bees head of contemporary art europe who said of the work there's no doubt that today this image has incredible currency not just here in the u.k. but across europe and beyond here we see this one of our oldest democracies and within it we see the regression toward tribal animalistic behavior like the you know it's a perennial subject those clowns in congress parliament wherever they are those found have done it again what a bunch of clowns exactly i think it's actually fairly accurate and something

telling of our culture now days that you have the parlor to now be in graffiti art in pop culture and now in rap music videos as well because that is their behavior it doesn't make any sense at all. makes for some great and amusing art turn into a complete circus that by this time you can catch a boom bust on direct t.v. channel 321 dish network team 80 or streaming 247 on t.v. the free t.v. app to 79 or you can always catch is that you got com starts you see you next.

i. live. in 2040 you know bloody revolution to tikrit the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it you know here i mean your list put me in the. school and you go to the ukrainian president recalls the events of 2014. those who took part in this today over 5000000000 dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. 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 often very dramatic development only personally i'm going to resist i don't see how that strategy will be successful very. time to sit down and talk. i'm gandhian by the north and some of the people because they call freedom you sure that even such a bad cop be sending. i'm not guilty let me be. killed to find the next guy.

who looked up live on candy in the human being done the infernal to feed the dog she went on to. the click some more do you see oh she has a deflection board for you to say. that is going to be that when i got up or maybe it's a. time he's. going to write about. that that he can bank on. the look up. long long the name. on the bottom the shopping list which alone can shrink a lot older. than to a new person and later today 100 gandhi the new normal i'm going to run the

series 1st to go to you then go to mark you then they will join you. i. a math of anti beijing protest in hong kong turns ugly with a police officer firing live rounds and demonstrators throwing acid at officers. plus 2020 u.s. presidential hopeful joe biden's team demands news networks stop giving airtime to donald trump's lawyer accusing him of spreading lies about the former vice president we asked new yorkers a pretty giuliani it should be banned from their t.v. . giuliani should be able to speak in biden's should be able to refute any nature.