that's what happened when you put her into the. roof. is. virtually. one of the most influential intellectuals of our time speaks about the modern civilization the america. this is a boom bust broadcasting around the world and covering all aspects of our global economy in the 21st century and in your burrito and i'm christiane washington here's a look at what we have in store for today. a lot of brits. will

have to be and we will have to go through with how much is the right order may not like you will have to go forward to run a general election. without a pop up on the board johnson has a hit a new threat he yanked the bill today we take it a dollar and where we're joined by former. take on the situation and what this means for the situation going forward. not again. by the world's 5th largest economy in california. power in the bay area for up to half a 1000000 people are correspondent rachel love and frank up to speed on the embattled energy company and speaking of imbalance companies the drama continues as soft bank moves in to take over a co-working office start up investigative journalist ben swan is standing by to give us the latest on the start of your show today so let's go to. another decision. briggs at this time with the result leaves our global report

today prime minister boris johnson after having been denied a vote to advance his renegotiated verge version of bragg's it on saturday and again on monday pressed members of the house of commons on tuesday with an ultimatum saying he would push a bill to call a general election if his his version of berg's it failed to advance in a vote reports a vote influencing intrigue in fallback plan school percolate throughout the day in the event the vote in the commons produced a typically ambiguous but drama building result the withdrawal agreement bill alternately advanced passed a 2nd reading with $329.00 votes in favor and 299 opposed however the p.m.'s quickly. quickly qualified that outcome by then voting 32223082 reject mr johnson's plans for a thursday vote on final passage mr johnson threatened early in the day to poll the withdrawal agreement and push one to call his own an election if his plans fell through they were apparently followed by the house of commons. and now let's face

it all down today is ambivalent actions we're now joined by former m.p. of scottish. welcome so tommy after today's touted as. high that it is touted as decisive we finally have some results though ambiguous on the face with the bill advancing but the p.m.'s timetable being rejected again so where does the process go from here just over an hour ago we just saw a report that mr johnson called the results joyful which seems quite remarkable so well the prime minister back up his threat to push for an election are trying to accommodate the common house of commons on the timetable. is a good question that krissy the problem is we probably have taken one step forward and 2 steps back to the because there was a vote in principle in support of the borders joins in that was did all deal which most commentators e.j. . in the was a supporter in

a believe was even worse than trees amazed so that's the irony of ironies however with the m.p.'s in the house of commons they ended as they slumped borders johnson firmly across the face because he said he was demanding to have this whole process done in 2 days and he wanted to buy the 31st of october no no one knows why the stock to foster want to go but it's all crucial to board assurance and some people are speculating maybe he's got a bet on it with some bookies or something but the clue says there is no we could go through such a complicated 100 page bill through these so the m.p.'s voted in principle in support of the bill but they said but not in 2 days they want x. to the team to analyze scrutinize and perhaps a made the bell so this saga is far from over it's going to die or even follow as far as what's motivating the leaders here to get this done we

also heard rumors that leo of arda car the irish taste such as eager to get this done before his tickets for a share on november 1st we'll see if that happens but on the e.u. side of this process we also saw some movement today from donald tusk and michel barnier a what has been the word from the continental e.u. leaders about today's events most pointedly on whether or not they will accommodate delay or extension from the u.k. side. the peening union leaders are absolutely desperate not to appear to be forcing a new deal but except no if the unit be leaders were to turn road and in the next few days and see no no no more extensions then they were defectively a new deal breaks and all of the uncertainty that brings across the whole of the utopian union they won't do that up until today. they were saying well we're not

very pleased to know let it stay engine do you really need more tame eccentric santa after today's meeting and vote in the parliament it's absolutely clear the european union leaders will agree an extension probably until the end of january and that will under the main the authority of broad assurance and voters joins in said that if he doesn't get breaks it done by 31st of what then a bit di and i dare you know there are plenty of people all over scotland offering to dig those that she's fought mr morris joins into entered into but while he keeps his what the not or not remains to be seen he said also that if you lost this tainted a building vote then he would force a general election quite frankly i think that's what's absolutely necessary to break the deadlock the people of but i tend not means we'll scotland and

northern ireland are completely divided on this scotland voted to remain northern ireland with he'd remain the leave we always voted to leave however they didn't want to leave without a deal the should have the option put to them in a general election and as the voice of the people of england what if we were to leave the utopian with the idea let them do that that's democracy but the people of scotland are clearly growing and a different path and interestingly entrenched in lee daniels' the people of northern ireland appear to be going in a different path as well all of the poles know assuring increased support for a referendum on a united ireland wouldn't it be absolutely ironic if borders joints and rushing to get a break deal actually led to the breakup of the british state with scotland going for independence and northern ireland going for a reunification with the island of ireland. so now we've touched on this before but

the risk that this entire process could be to a disunion in the u.k. same story under played in the coverage the vice president of sinn fein michel neil put a point on today suggesting that a poll on unifying the island of ireland under one flag could happen within 5 years say clearly baghdad has become a catalyst by the us so what do you make of miss o'neill suggestion. i think miss a meal of feeling is trying to articulate the mood music is pleasing across the north of violin just no there is obviously. placable unionist support in northern ireland to remain part of britain however that is beginning to free and isn't as strong as it once was because people are what eat a bit leaving to you'd opinion that it me leave them economically washed off in the

north of ireland and they don't want that if they keep us as built that it would be better for northern ireland to join ireland and become a united ireland which makes eminent sense and is logical to most people if the people of northern ireland vote for the then they would do so on the basis of believing it would be better economically for the families for the children for school and for all of the 7 seas across the island that it separately not be rude don't know i mean years ago you this it or that would never happen that is no time jubal prospect and following up on northern ireland the federation of small businesses there has weighed in with their disappointment over mr johnson's qualities in the deal over the so-called backstop issue so setting aside the timetable could mr johnston still lose on

a final passage. well whenever it comes over these lukewarm reviews on the merits of the all from business groups and this very interesting backstop backlash. that is new don't done you and there are a whole series of crucial debates still to come on this was that all agreement it was supported to d. in principle with a majority of 30 that included a whole number of labor m.p.'s 19 labor m.p.'s voted for the out with that all agreement however it know who goes to the detailed examination and that's where m.p. m.p.'s compute for what amendments and one of those amendments for instance could be the phase in no deal as a referendum of the whole of britain again so that people get to vote on whether or not they support this do no not make noise when support and parliament but you know

what was bought us joints and how we know lost the support of the d.c.u. p. i mean trees have be for all of folks at least the monies to keep the do you be on board but as joins is driven them off the world because he's done things in relation to this deal in relation to a home ireland released in northern ireland and the utopian union which separates from the utopian union will relate to england and wales and scotland and that has been too much for the to swallow. and susie asked for the do you think that are all reactionary poppy i think the rate want a potty obviously they think the interests of the union being on the main by joint since do so that is new got into the new got in t that this will fail really go through parliament i still believe i general election as more lately than this deal going through before the thing.

there is solid prediction from tommy sheridan former scottish m.p. thanks so much for your insight. dutch investment from process and he is looking to make a move into the british food delivery sector by making a $6300000000.00 all cash offer for the u.k. delivery company just 8 p.l.c. process said it plans to offer a $9.10 per share directly to shareholders within the next 4 weeks scuttling a planned merger with the now another letter the company take away dot com take away previously offered an all stock acquisition valiant just eat at a 15 percent premium but shareholders voiced opposition to the merger saying that the offer was too low but this new offer is even lower however they all cash offer it makes it slightly more appealing and richer than all stocked it just before their part suggest its shareholders should reject this offer as well saying that it undervalues the company both as a standalone company and part of a merged group with take away process has already put big money into the food

delivery sector investing $2500000000.00 across more than 40 markets including germany's delivery hero india's swedien i food and it also has nearly a 3rd stake in chinese internet goliath 10 cent who's behind may 20 livery on the news tuesday just days stock shot up nearly 26 percent. as the threat of massive wildfires once again builds in the u.s. state of california p.g. and e. the utility is threatening another power shut off that could impact hundreds of thousands of residents that is raising concerns of a negative impact on the state's economy archies rachel bludgeons brings us up to speed on what it all means for the world's 5th largest economy. the largest in california has confirmed that as many as half a 1000000 residents could lose power this week as the threat of wildfires continues to increase in the area the latest shut off from beside. that gas and electric

could impact california resident in 15 counties which are mostly found in the sea you're a foot hills in the san francisco bay area in a statement the company gave a 48 hour notice that the potential safety shut off his plan for varying start times depending on locations beginning wednesday evening and is expected to affect approximately $209000.00 homes and businesses and it's many of those residents and business owners who are questioning whether the blackouts are necessary and warning that the consequences could be life threatening they framed these power safety shops as inconvenience or hardship for but they don't realize this particular disability it's life threatening for some disability this preemptive power shut off would come just 2 weeks after p.g. and e. issued another blackout that impacted more than $2000000.00 california residents many were in the dark for days as a result but the company's chief executive defended the decision to cut off power

in an effort to prevent wildfires i hear skepticism about whether the shut off was truly necessary. and whether the scope was too large. skepticism that we did this to save our own skin rather than for public safety. the fact is that we did this for one reason and that the safety p.g. and e. is transmission lines were named as the cause of the deadliest and most destructive fire in california's history last year and the company filed for bankruptcy in january claiming it was facing more than $30000000000.00 in liabilities lot of dangerous wildfires over the last year have raised concerns about the economic impacts as the state of california boasts the 5th largest economy in the world experts are warning that just the last blackout alone which lasted around 48 hours will cost the state more than $2000000000.00 as a result of mounting frustrations with the utility the city of san jose is now

leading the charge to. any of its status as an investor owned company and turn it into a nonprofit electric and gas cooperative which could result in an unprecedented buyout that would impact more than $16000000.00 customers in washington rachel blevins r t. time now for a quick break but hang here because just on the other side you know we work drama continues that softbank moves in to take over the coworking office start up investigative journalist fans want to standing by to give us the latest on the upstart uproar and as we got a break here the numbers because. there are no official statistics in india concerning children who have been lost or separated from their parents some are to estimate that every 8 minutes in the country the child goes missing.

you. know you think you've got. the national team and rights commission stated that $46.00 miners go missing every year one of the police quoted. the united nations children's fund has described the situation as genocide and various sources suggested in india there was several 1000000 missing women and children. seems wrong. to me but yet to shape out they become educated and in. the trail.

when so many find themselves worlds apart. she says to look for common ground. this is a sticker from the water bottle found in the stomach of the fish the brand is part of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad ones there's a litter box or throwing this away industry should be blamed for all this waste the company has long promised to reuse the plastic. and mainly. on the i knew that that is the end event for. the mountains of bullies only grow.

softbank is an advance talk to take control of we were whose valuation saw a spectacular fall from $47000000000.00 earlier this year to now under this new deal worth only $8000000000.00 about a 6 of what the company was america go under this new deal soft bank would put more money into we work to purchase up to $3000000000.00 in equity along with $1500000000.00 in acceleration of equity has already committed now this is on top of the more than $10000000000.00 that soft bank has already funded we work with over the years as its largest investor in addition c.e.o. adam newman would receive 1.7 $1000000000.00 to step down from the board of directors give up his voting rights and walk away from the company the week company is now focused on cutting costs in order to survive selling off excess and non-essential portions of the business several the startups it acquired are for

sale and it is now gary for more massive layoffs but with the money running out we work is running into a catch $22.00 as it is so short on cash it doesn't have enough money to pay severance to the affected workers the company also said it would cease operating at school we grow after the school year. and to break down the latest episode in this corporate drawing we bring back investigative journalist ben swan. so soft and just saying morgan money right after bad money and it reported that we work needed to command $24000000000.00 in valuation just to break even for a soft bank so now that has sunk another couple of 1000000000 down they're really doubling down on their bet and cost averaging down essentially so what do they plan on doing with we were after assuming control well that's a really good question i mean part of it is to get new leadership in there one of the top executives from stoppings already going to move in who also by the way was an executive with sprint they are going to actually take over kind of the path

forward what's interesting about we work is it's a company you mentioned that it doesn't have the money to do anything because it doesn't make any money it's this is such an interesting story because you have a company that never made money it was a great idea it's completely been funded on investment and now the c.e.o. who drove it into the ground walks away with $1700000000.00 and softbank is continuing to go after it thinking they can turn it into something maybe they can but we're talking about having to get that valuation to at least $15000000000.00 just to make up for the money they're putting in right now. and we've always we've had this prevailing culture in the digital economy air of founders 1st rate and we touched on this before mark zuckerberg built facebook on mosque built doors he created twitter and they're used to being treated as a savant and geniuses that can do things other people can't and they follow different rules from everybody else do you think though that this disaster changes

that mentality and we may be turning toward something different. well i think it changes the mentality of believing that companies can exist simply on the investment and never have to turn a profit and that they can be in a constant cycle of investment before hitting an i.p.o. i mean look if you are just any investor and someone comes to you when asked for money one of the 1st questions are going to ask is how much money are you making right now and why would this make money that is not the question that's been asked of the tech world for years and certainly not moving into an i.p.o. when they go to the public and say we want to offer this to you one thing that has not been required is that you can actually make money with your idea you can build out these fantastical things and then have them not turn a profit so we are in a very interesting time i think in terms of yes turning the corner on that because a lot of people would look at newman and say you know here's a guy who really drink his own kool-aid and believed a lot of things about himself and he's the one who walks away with all the money nobody else is going to come out smelling like a rose here or maybe

a soft bank if they can turn this thing around and make it work but for the other employees who were there most of the employees who are considered now not essential are going to be laid off they're going to be significant layoffs of people losing their jobs as he walks away with his money because it wasn't real and so i think that's where we're turning the corner is to say it's enough of this kind of fantasy land tech world does it make money or doesn't it well before you start celebrating has paid a with this payout newman could have the potential to pocket $970000000.00 after deducting both legal and liabilities but that he's actually still on the hook for about $2000000000.00 and it simply exposure and now we also have recently testified under oath that he is also financially liquid so while half the world sees these guys as visionaries from here and looks like more like they're total frauds and con artists for investors so why do we give them so much credit. but we give them credit because they love still get to live the lifestyle as if they are truly

billionaires who actually. have something that is that is liquid and i think what we when we look at a lot of these companies is that you know a great example. out of newman a guy who yes he's going to walk away with a bunch of money and then as you said he has extreme exposure but softbank is really cutting him a lot of deals and kind of funneling a lot of different money to him but interesting lee soft thing by itself appears to not really make money gets not a 70 investor in fact most of the money soft think is making is because they don't pay taxes in japan because they shift losses between their companies and so there's a lot kind of if you look at them by themselves they don't necessarily make money and they're not necessarily brilliant when they're doing so it feels like it feels i think to a lot of people like it's a big shell game where these guys are able to live these lives and live as if they are unbelievably wealthy but there isn't actually money or value in anything

they're doing but i think we had to get to this point for some of this to come up at some point it has to crash at some point it has to come falling down i guess this is that point maybe this is worth it so you make it reaches the end of the line cryptocurrency analysts and investigative journalist knows one thing going to break it because what are these guys. what the odds of a traitress between china and the u.s. still in limbo china has determined to become more self-reliant so that the u.s. can no longer dangle the as card over its head the ministry of science and technology recently revealed the hung on $71.00 sees that produce nearly 4 times the average yield for soybeans grown in china after multiple trials have concluded that the hybrid species could actually pas and one more resilient to harsh weather and this new hybrid species could help china get around the higher cost of importing soybeans more than 80 percent of soybean plantations why now use genetically modified species that have been modified with a foreign gene to provide herbicide resistance but planting g.m.

crops is a legal. china so researchers had to find alternative ways to increase yields and reduce cost this team of researchers created a new species from domesticated and wild hybrids by accelerating the mutations that occur in sunlight. and species these soybeans do not contain any foreign genes researchers then selected and boosted genes that they already had to improve feels enhance specific traits such as strengthening the stock to help it thrive agricultural authorities have now approved commercial plantation of 171. and finally one big piece of loot in the massive one m. de scandal in malaysia has surfaced on action once again at the eye of the storm is a super yacht called tranquility formerly owned by fugitive financier low take joe alias jolo the missing man at the center of the one m.t.b.

scandal indonesian authorities seized the seafaring mansion in $28.00 scene after mr lowe had fled eventually selling it to begin to group for 100 $26000000.00 a bargain basement price that mr low bidder really did known through a spokesperson saying a malaysian conglomerate has since run for the boat to ultra rich partiers but now again soon will try a 2nd time to auction the storied ship for 200000000 dollars 70000000 dollars more than they asked for the 1st time malaysian authorities may want to look out for straw buyers for jolo and well that's only good prize 200 dollars 200000000 dollars for a yacht i mean i don't even know why you want to spend so much on a yacht when like 10 percent of that price is simply on upkeep not to keep on like actually piloting the thing and how i think renting is much better business where i mean it was only commonly bought at 126 and i in through stand it's to it's tied to a scandal but i don't think jolo to be frank doesn't really have that sizzle to

make it a collectible really. it's fascinating what people like to buy that by this time you can catch boom bust on dark t.v. channel 321 dish network or streaming 247 on play a t.v. the free t.v. ad tell to sunday night or you can always catch us at youtube dot com slash through most of our team so you know. there is no variety of any of the characters that make up bubble violence anymore everything is that 00 is is predominate every single conversation that comes out of the mouth of every financial writer in the press and on television is 0 every security is now based on the 0 and the entire mix of this phantasmagoria the global finance is is all blending together and soon one huge wave of the worst

was cut. during the great depression which are old enough to remember that it was most of the family were unemployed working. there wasn't it was bit you know much worse objectively today but there was an expectation that things were going to get better. there was a real sense of hope. there isn't today today's america where shaped by the turn principles of concentration of wealth and power. reduced democracy attack solo duo engineer election manufacture consent and other prince holds according to. one set of rules for the rich. that's what happens when you put her into the. roof will switch who

is dedicated to. increasing virtue of just. one of the most influential intellectuals of our time speaks about the modern civilization of america. 6 hours of them talks between the presidents of russia and turkey results in a new plan for northern syria to get underway. today in peace reject the brics a deal time table triggering him to move the debate over the withdrawal bill as he awaits the e.u.'s decision over a deadline. plus facebook launches a crusade against foreign interference in the 2020 us election with a new package of counter measures including state run media accounts. from team of muscle force and i've had 3 pharma joins us now with one.