tv Boom Bust RT October 28, 2019 10:30pm-11:31pm EDT
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there's a lot going on here today so who better to turn to than former 1st minister of scotland and host of the alex salmon show on r.t. alex salmon so 1st minister alex salmond shell on r.t. alex salmon so 1st minister salman let's start with a quick explanation on where exactly we are with the plan to leave the salmon let's start with a quick explanation on where exactly we are with the plan to leave the e.u. . well we. well we've witnessed the parliamentary medical today and other words a dead pride we've witnessed the parliamentary medical today and other words a dead prime minister put forward a motion to the house of commons for an election and dissent minister put forward a motion to the hopes of commons for an election on december the 12th he won the vote didn't get a 2 thirds majority so we didn't get a selection of the 12 he won the vote didn't get
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a 2 thirds majority so we didn't get a selection of why should he be dead because this is the band voters johnson who said he would die why should he be dead because this is the band voters johnson who said he would die in a ditch rather than accept an extension to leave the 34 hours in a ditch rather than accept an extension to leave the 31st from the european union but today he wrote a letter to the european union from the european union but today he wrote a letter to the european union accepting that extension so we've overcome somebody who said he would die in a ditch accepting that extension so we've overcome somebody who said he would die in a ditch actually very much alive and front of the house of commons trying to get a general election though he's actually very much alive and front of the house of commons trying to get a general election though he failed for the farm tonight but it's likely and this is breaking news. failed for the 3rd time tonight but it's likely and this is
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breaking news that he will succeed tomorrow by bringing back a bill which requires the same that he will succeed tomorrow by bringing back a bill which requires the simple majority to get that election undeserved of the 12th so the breaking new majority to get that election undeserved of the 12th so the breaking news from the united kingdom from london tonight is when we should be watching replays of it's from the united kingdom from london tonight is when we should be watching replays of a wonderful life on television the politicians and the people will be fights a wonderful life on television the politicians and the people will be fighting a general election just before christmas. now when asked if you're getting a general election just before christmas. so now we went to felix sanchez before we saw a 2 week delay and march of this here followed up by the late extensions before we
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saw a 2 week delay and march of this year followed up by the late in the deadline to the 31st of october and now we have a deadline now at the end of january the deadline to the 31st of october and now we have a deadline now at the end of january negotiators have been clear that they don't want any more extensions so is that set in stone you negotiators have been clear that they don't want any more extensions so is that set in stone or are we going to see more of this the next in the next 3 months. don or are we going to see more of this the next in the next 3 months. well you're quite right to say that european leaders. well you're quite right to say that european leaders are fed up with the united kingdom subtly fed up and it has been dominating the fed up with the united kingdom a subtly fed up and it has been dominating the proceedings of the european union now for the last 3 years and the proceedings of the european union now for the last
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3 years at least constant extensions that inability to reason may the previous prime minister these constant extensions that inability to reason may the previous prime minister to formulate and he saw the deal and no footballer's junction to get a deal that has been to formulate and he sought a deal or no footballer's junction to get a deal that has been agreed through the house of commons is causing extreme weather station across the continent read through the house of commons is causing extreme weather station across the continent but the reason they have agreed to that extension today and that's been agreed but the reason they have agreed to that extension today and that's been agreed by the prime minister is the european union no sense there's going to be an election by the prime minister as the european union was saying. there's going to be an election they wanted either an election or a referendum so the market would come to a king they wanted either an election or
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a referendum so the market would come to a conclusion and the reason that europe has been content to offer the extension to genevieve collusion and the reason that europe has been content to offer the extension to genevieve 1st next year is they believe the market is going to be resolved by the 1st next year is they believe the market is going to be resolved by the people in the general election and that seems unlikely as we speak people in the general election and that seems unlikely as we speak to go through the house of commons tomorrow but listen unless bracks that melodrama to go through the house of commons tomorrow but listen unless it breaks that melodrama there's always a twist in the plot so let's get this call for another there's always a twist in the plot so let's get this call for another general election what's the difference between the 2 dates put forth with the 12th of december which was the general election what's the difference between the 2 dates put forth with the 12th
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of december which was just rejected by the m.p.'s and the 9th of december which is expected to be tabled this week just rejected by the m.p.'s and the 9th of december which is expected to be tabled this week. while it's not going to be the 9th. while it's not going to be the name for the bonus johnson has taken a plan from the liberal democrats the bonus johnson has taken a plan from the liberal democrats for 4 opposition party and the scottish national party my own party the 3rd was the 4 for position party and the scottish national party my own party the 3rd opposition party in the house of commons of the 2nd opposition party and as opposition party in the house of commons on the 2nd opposition. and as a doctor that himself and i said i was tonight he'll be tabling the bill tomorrow adopted himself and i said i was tonight he'll be tabling the bill tomorrow except
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the date will be the 12th not the 9th now though there's a better for all except the date will be the 12th not the 9th now though there's a bit of truth sucking and humming and hawing from the liberal democrats and the s.n.p. . sucking and humming and hawing from the liberal democrats on the s.n.p. if he can convince them that he's not going to try to sneak his brakes agreement through if he can convince them that he's not going to try to sneak his brakes agreement through the house of commons in a matter of days then they'll probably go along with the 12th of this is the house of commons in a matter of days then they'll probably go along with the 12th of december not the 9th forecast but then of course nothing is staff and not the 9th forecast but of course nothing is staff and this move from the liberal democrats and the s.n.p. is controversial some people say this move from the liberal democrats and the
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s.n.p. is controversial some people say they've taken the the ball away from the opposition labor party they've taken the unless they've taken the the ball away from the opposition labor party they've taken the enmeshed of them brought things to a conclusion they've stopped the bracks that bill going through others of them brought things to a conclusion they've stopped the bracks that bill going through others say they're playing into dollars johnson's hands because he has a commanding say in the playing into dollars johnson's hands because he has a commanding lead in the opinion polls and england at least and can reasonably expect in the in lead in the opinion polls and england at least and can reasonably expect in a pre christmas election to the term triumphant mangy that's what to these a mystery christmas election to the term triumphant. mind you that's what to these are many thought when she launched her surprise election in 2017 and probably thought when she launched her surprise election in 2017 and promptly lost
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a majority so in politics as in life nothing at all is lost a majority still in politics as in life nothing at all. so we don't see a snap election in the june of 2017 so. so we don't see a snap election in the june of 2017 so what are the citizens of u.k. thinking about the situation like are they different thinking differently than to one of the citizens of u.k. thinking about the situation like are they different thinking differently than 2 years ago and what would be accomplished by having this general election. years ago and what would be accomplished by having this general election. i think the office of the. i think the office of the country is very very closely split i mean the the the reason for this country is
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very very closely split i mean the the the reason for this long agonizing 3 years of waiting to come to a resolution of brecht's a long agonizing 3 years of waiting to come to a resolution of breaks as underlying the country that's the united kingdom is split down the middle on as underlying the country that the united kingdom is split down the middle on being remain or breaks it so it's very difficult to get to a resolution when opinion isn't being remain or breaks it so it's very difficult to get to a resolution when opinion is so closely fought now i suspect there is a majority in the country who want to see them so closely thought now i suspect there is a majority in the country who want to see the matter resolved i think your sunday could salute will toss a coin and i'll either black or resolve i think your sunday could salute will. toss a coin and i'll either be resolved by breck's or i'll be dissolved by remaining better be dissolved one way or the other solved by breck's are or will be dissolved
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by remaining better be dissolved one way or the other the less probable joy if he would accept the toying costs but that's not going to be the other than the probable joy if he would accept the toying costs but that's not going to be the cost of a coil it's going to be a general election then of course there are big differences in the car cost of a coil it's going to be a general election then of course there are big differences in the countries within the united kingdom and one has a reasonable majority you would think for entries within the united kingdom and one has a reasonable majority you would think for breaks but are still our strong remain tendency with us scotland is overwhelmed by the so our strong remain tendency to scotland this overwhelming will remain and then northern ireland which is pro remain about has the will to remain and then northern ireland which is pro remain about has the party representing it which is pro breaks it and then wales which is split down the middle half the representing it which is pro breaks it and then wales which is
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split down the middle so in addition to the public opinion across the united kingdom being split there del so in addition to the public opinion across the united kingdom being split there are differences between the 4 countries which constitute the united kingdom all of a difference is between the 4 countries which constitute the united kingdom all of that has been the ingredients for the last 3 years of a a parliamentary stalemate that has been the ingredients for the last 3 years of a a parliamentary stalemate now look at that stalemate it's about to be broken it now looks her at that stalemate it's about to be broken and broken by a pre christmas general election the 1st winter and broken by a pre christmas general election. 1st it went to the election since 1074 and it will be very unfair selection since 974
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and it will be very interesting to see of the people who are clear enough there to tom know when the weather gets corsica to see of the people who are clear enough there to tom know when the weather gets called in the nights get dark however it has to be said that the last winter election of every day all the nights get dark however it has to be said that the last winter election of everybody to serve before surprised everybody by having a huge truck load so it's not necessary for surprised everybody by having a huge truck load so it's not necessarily the case that just because it's winter that people don't get to the polling stations or salute the case but just because it's winter that people don't get to the polling stations and perhaps the people of tom know just to see a final resolution to this and perhaps the people of tom note just to see a final resolution to this long breaks that the bait fascinating situation very complicated long breaks that debate fascinating situation very complicated to sam
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and thank you so much for breaking it down. sam and thank you so much for breaking it down. the number of all index of argentina serves on. number of all index of argentina served on monday morning as trading opened following the weekend victory about battle fernandez in the nation's election monday morning as trading opened following the weekend victory about battle fernandez in the nation's elections this spike was also driven in part by the argentine central banks decision to impose countries this spike was also driven in part by the argentines. bank's decision to impose controls on the amount of monkley dollar purchases for individuals cutting the number to $200.00 on the amount of monthly dollar purchases for individuals
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cutting the number to $200.00 down from 10000 mr hernandez who led the center left coalition along all hours down from 10000 mr fernandez who led the center left coalition along with former president cristina fernandez de kirchner topped incumbent. with former president cristina fernandez de kirchner topped incumbent. with a 48 percent of the vote as opposed to 40 percent for mr mccreery despite a 48 percent of the vote as opposed to 40 percent for mr mccreery despite the exit of the create for nando's has offered to honor the i am most major loan to the country of exit of the create for nando's has offered to honor the i am most major loan to the country of $57000000000.00 and the new i.m.f. chief crystal offered her the $7000000000.00 and the new i.m.f. chief crystal offered her congratulations on twitter claiming that she looks forward to working with the new administration to tag regulations on twitter
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claiming that she looks forward to working with the new administration to tackle the nation's economic problems mr fernandez issued this statement to supporters in one of the nation's economic problems mr fernandez issued this statement to supporters in one as august following the election results on sunday then we will build the following the election results on sunday then we will build the argentina . true that we are. true that we. will build the country that are. built in the country that are. our best. and we. regret that. and leave. the holding company behind louis vuitton mill and. the holding company behind louis vuitton mill and
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hennessy has made a $14500000000.00 bid for tiffany's at $120.00 c. has made a $14500000000.00 bid for tiffany's at 100 $20.00 per share marking a 22 percent premium this would be bernard per share marking a 22 percent premium this would be bernard biggest acquisition and would expand the french company to access u.s. luxury consumers biggest acquisition and would expand the french company to access u.s. luxury consumers this deal would also help compete against who currently is the watches and this deal would also help compete against who currently is the watches and jewelry segment as of january this unit which includes borger who blow and tag the jewelry segment as of january this unit which includes who blow and tag only brought in 9 percent of overall revenue analysts believe that tiffany's will likely
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only brought in 9 percent of overall revenue analysts believe that tiffany's will likely reject the current offer for being too low as the brand is immortalised new york i reject the current offer for being too low as the brand is immortalised new york icon there is a host of potential revenue and expense in a g.'s that can also be created and elec on there is a host of potential revenue and expense in a g.'s that can also be created and l v m h has deep pockets the board of directors is currently reviewing the proposal and advised to be a major has deep pockets the board of directors is currently reviewing the proposal and advised shareholders to take no actions yet the luxury goods sector is worth about $800.00 holders to take no actions yet the luxury goods sector is worth about $800000000000.00 according to estimates by b.c.g. who expects it to grow at 4 to 5 percent a $1000000000.00 according to estimates by b c g who acts. that they grow at 4 to 5 percent a year on tut least 2025 l v m h is in competition with south africa a year on taught least 2025 l.v.i.
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majors in competition with south africa's reach month francoise panels caroline who owns the portfolio is a world's most sought after each month francoise panels caroling who owns the portfolio is a world's most sought after luxury goods brands. time now for a quick break or luxury goods brands. time now for a quick break but hang here because when we return uncertainty rages on in europe but hang here because when we return uncertainty rages on in europe as a transpacific trade by seems to be making progress as there are reports that china and the u.s. are trans-pacific trade by seems to be making progress as there are reports that china and the u.s. are making progress towards a deal as a bubble trading lend us a hand to soar through the stocks are making progress towards a deal as a bubble trading lend us a hand to soar through the stocks and how the talks are moving market and later the scrutiny of big tech stocks and how the talks are moving market and later the
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scrutiny of big tech stocks and the money continues to roll led by the titans of molly barrows contributor to america's lawyers and the money continues to roll and for the titans of molly barrows contributor to america's lawyer blogs and today to give us an overview of regulations in the sector and as we go to blogs and today give us an overview of regulations in the sector and as we go to break here are the numbers at the. break here the numbers.
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ball be cut. ball be cut cut. cut cut cut cut. cut. i can make i can make up my during the great depression which i'm old enough to remember there was a. during the great depression which i'm old enough to remember there was most of my family were poor working class there wasn't it was bed and most of my family were poor working class there wasn't it was bed you know much worse objectively than today but there was an expectation that things were going to get much worse subjectively than today but there was an expectation that things were going to get better. there was a real sense of hopefulness there is
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a better. there was a real sense of hopefulness there isn't today today's america was shaped by the 10 principles of concentrated today today's america was shaped by the 10 principles of concentration of wealth and power. reduced democracy ation of wealth and power. reduce democracy attacks. engineer elections manual attack solo down engineer elections manufacture consent and other principles according to no i'm jones to fracture consent and other principles according to no i'm jones to one set of rules for the rich opposite set rules for. one set of rules for the rich opposite set rules for. that's what happens when you put her into the hands of.
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that's what happens when you put her into the hands of a narrow sector of will which will is dedicated to increasing the narrow sector of will which will is dedicated to increasing power for just as you'd expect one of the most influential intellectuals power for itself just as you'd expect. one of the most influential intellectuals of our time speaks about the modern civilization of america. of our time speaks about the modern civilization of america. is you'll be via reflection of reality. is you'll media a reflection of reality.
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in a world transformed. in a world transformed. what will make you feel safe. isolate what will make you feel safe. isolation full community. are you going the right solution for community. are you going the right way or are you being led. direct way or are you being led to. direct. what is true what is faith. what is true what is faith. in a world corrupted you need to descend. in
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a world corrupted you need to descend. to join us in the depths. or remain in the shop. or join us in the depths. or remain in the shallows. elias. cooked additional so i know what was and gets up to linger some easy. cooked additional note of what was and gets up to linger some nice it's just a good usual condition no. mr blewitt usual condition no. seem to yet. seem to yet see when my future knowledge will post me. look with a showing at the scotch when my feet and polish will post me. look with
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a showing at the skeleton is lost when i try it. you think it will ship. policing is lost when i try it. you think it will ship. you have the same sort of. boat of shipping. you have the same sort of. boat of shipping. you up and most of the book is the work of the person you will still be up in the most adult book be it the work of the bus and you will have still to say no i don't know what the school. was you know i don't know what that or. if it was the latest news in the pulse. if it was the latest news in the pulse. but arsenal boys and all right so you have put your
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stuff in the boys and right after you have played this was going to do so. little fish through the summer in the store oh yeah all the. ministers through the summer in the store oh yeah to fulfill. it. just by the level. rises by the adult level. with customers go buy your. customers go buy your. good now. that's undercutting that what's good for market. that's undercutting but what's good for markets it's not good for the global economy. good for the global economy.
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over 40. over 40 percent this week and after chinese president xi jinping gave a speech embracing block change and chorus and this weekend after chinese president xi jinping gave a speech embracing block change and calling on china to advance development in the field but going jump as high as 10000 china to advance development in the field but going jump as high as 10332 on saturday as she motivated trying to take a leading position 132 on saturday as she motivated trying to take a leading position on the sector bouncing off of the 200 day moving average it appears that trying to jump in on the sector bouncing off of the 200 day moving
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average it appears that china just confirmed facebook founder mark zuckerberg warning to congress last week calling for china to confirm facebook founder mark zuckerberg warning to congress last week calling for china to accelerate its adoption of watching technologies as a core for innovation the p.b.x. ellerey its adoption of watching to. knowledge ease as a core for innovation that p.b.s. he has also been working on his own digital currency since 2014 in order to reduce the costs he has also been working on his own digital currency since 2014 in order to reduce the costs involved in circulating traditional paper based money a senior official at the bank reported that involved in circulating traditional paper based money a senior official at the bank reported that the plan to build token would bear similar it aries to facebook libra further from the planned digital token would bear similar it aries to facebook libra further feeling the technology arm race between china and the us block change has the potential in the technology arm race
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between china and the us law change has the potential to disrupt the whole financial landscape as the current system has failed the world time and time tool to disrupt the whole financial landscape as the current system has failed the world time and time again when the control and management of finance centralized entities veers off climb again when the control and management of finance centralized entities veers off course it has very real effects on people's lives you get disasters such as the greek course it has very real effects on people's lives you get disasters such as the greek debt crisis the venezuelan hyperinflation crisis the turkey currency crisis and most recently debt crisis the venezuelan hyperinflation crisis the turkey currency crisis and most recently argentina as an teen default throughout the periods of hyperinflation and me argentina as an teen default throughout the periods of hyperinflation in venezuela and turkey and the bank runs in argentina cryptocurrency usage have been on the venezuela and turkey
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and the bank runs in argentina cryptocurrency usage have been on the rise this shows that people in dire straits are looking to create those as means to rise this shows that people in dire straits are looking to create those as means to retain control and survive in a country where ffion is no longer valuable reeking control and survive in a country where ffion is no longer valuable crypto gives the power back into the hands of the people. and with more on crypto gives the power back into the hands of the people and with more on the macro he had over to top horowitz chief strategist of bubba trading so the top macro he had over to top horowitz chief strategist of bubble trading so todd it seems like a sucker makes prophecy is eerily coming true already that means try not it seems like a sucker break prophecy is eerily coming true already that means china will outpace the us in developing internet $3.00 and the critical block change technology will
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outpace the us in developing internet $3.00 and the critical block chain technology that will be the cornerstone of the new century meanwhile the u.s. is still trying to do that will be the cornerstone of the new century meanwhile the u.s. is still trying to kill off the new leader technology in its infancy before it's even been built so a lot of the new leverage technology in its infancy before it's even been built so where are we now and has the us thought in their tone at all towards libra. where are we now and has the us thought in their tone at all i'm twice libra. well you know i think when you look at the entire cryptocurrency world well you know i think when you look at the entire cryptocurrency world you know you know the biggest problem that everybody has including getting should shine a sign is central bank until bank is it that they want to have control of it and the whole idea behind the cryptocurrency the whole idea they want to have control
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of it and the whole idea behind the cryptocurrency the whole idea behind and been going on and libra is not to be regulated we're there can be manipulated here can control like like it's just on the now sotto china's. digital currency you see it that they did get one is going to be strictly be manipulated as it is now just like the united states you strickly be manipulated as it is now just like the united states' current judge like every other other 50 you have got currency that the big could coin is meant for that that that that to a limit a limit even a think the things that b. if you had currency system it also helps people to get their money out of a country b. if you had currency system it also helps people to get their money out of a country if they're going broke you know you are if you're greece or in israel you have money when i get out you can get out quickly if they're going broke you know
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you are if you're greece or in israel and you have money when i get out you can get out quickly through but going to can't carry it out with bars of gold so again these are the ways of through but going to can't carry it out with bars of gold so again these are the ways of transferring money and china has been using bitcoin with russia for about 6 or 7 years already so transferred money and china has been using bitcoin with russia for about 6 or 7 years already so i guess there are going to be ahead but at the end of the day the united states will be just. again there are going to be ahead but at the end of the day. it will be just as far along but right now there's a battle because they don't want to give control of for a long but right now there's a battle because they don't want to give control of the currency like every other central bank in the world they want to be able to manipulate good cash like every other central bank in the world they want to be able to manipulate good cash value when they need to so one of the main features of this digital are going to value
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when they need to so one of the main features of this digital r. and b. that's currently being proposed by the p.b.'s c. is that it will no longer rely on the u.s. where b that's currently being proposed by the p.b.'s c. is that it will no longer rely on the u.s. with and ships payment system which allows for international cross border transactions the us and ships payment system which allows for international cross border transactions the us has control of the swift network allows for tremendous power when it comes to sanctioning such control of the swift network allows for tremendous power when it comes to sanctioning or stifling cross border payments so do you think this is exactly what you are saying that or stifling cross border payments so do you think this is exactly what you are saying that the u.s. is afraid of losing control of their current. currency dominance the u.s. is afraid of losing control of their current. currency dominance well again i think that the u.s. will remain the dominant current. well again i think that the u.s.
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will remain the dominant currency player forever i mean as long as i'm alive anyways again i think that we're going to remains a strong to succeed player forever i mean as long as i'm alive anyways again i think that we're going to remains a strong the strongest the biggest the rim bimby or the r. and b. what you're talking about when it becomes digital strong is the biggest the rim bimby or the r. and b. what you're talking about when it becomes digital will be able to be done and headed to somebody else's block chain will be able to be done and headed to somebody else's block chain wallet ok again we don't know the details of how that money could be transfer because all it's ok again we don't know the details of how that money should be transfer because basically the digital version of the r. and b. is going to be the same as a basically the digital version of the r. and b. is going to be the same as a currency version so how is somebody going to get it into a bank or ever if they guernsey version so how is somebody to get it into
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a bank or ever if they take delivery of the currency is not that's not a crypto currency it can be take delivery of the currency is not that's not a crypto currency it can be manipulated is simple as the dollar the currency can be now so again i think manipulated is simple as the dollar the currency can be now so again i think we're looking at this in the wrong way the real benefit of the cryptocurrency world think we're looking at this in the wrong way the real benefit of the cryptocurrency world is that there is no central bank there's no though but it can manipulate and price of things out is that there is no central bank there's no though but it can manipulate and price of things out they trade 24 hour a day and they're done totally on prices government not on what the fed does they trade 24 hour a day and they're done totally on prices government not on what the fed decides to do on wednesday now turning over to actually its mark and now we are looking sides of do. on wednesday now turning over to the equities market now we are looking at
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some of the all time highs as reports of phase one of the trade they are basically completed and some of the all time highs as reports of phase one of the trade they are basically completed and all of the 206 companies that currently have a part of this earnings season 78 and of the 206 companies that currently have a quarter of this earnings season 78 of them have topped analysts expectations so given the softness that we've seen elsewhere in the economy of them have topped analysts expectations so given the softness that we've seen elsewhere in the economy doesn't even make sense that we are all the way up here and had analysts expectations just it doesn't even make sense that we are all the way up here and had analyst expectations just been too pessimistic this quarter. of us let's say it this way christine too pessimistic this quarter. of us let's say it this way christi 1st of all our earnings have beaten already a lower than expected earnings so i guess 1st of all our earnings have beaten
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already a lower than expected earnings so again i don't give their earnings any stock and creating this market but again when companies don't give their earnings and the stock and creating this market but again when companies under promise and then they over deliver even drover delivering nothing they detract new monies under promise and then they over deliver even drover delivering nothing they detract new money investors the overall markets should not be at these levels but remember markets are mine to run the investors the overall markets should not be at these levels but remember markets are mind irrational much longer because at the end of the day the chase for yield is what people are hassle much longer because at the end of the day the chase for yield is what people are looking for there they need to get yields on earth portfolios and that's what they're chasing so they're looking for there they need to get yields on earth portfolios and that's what they're chasing so that's that will of venice. then slowly break the market will give birth i'm going to mark
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his. it's down and it's hard and there's a hard choice a trade great deal i'm not so sure just to step up and say that deal's almost done i get you daughter i'm not so sure just to step up and say that deal's almost done i get you all you have to do is look at the grain markets the grain markets were lower today and what should have been good you have to do is look at the grain markets the grain markets were lower today and what should have been good news for grains so if you can tell me the grains have been right on every single i'm now a good news for grains so if you can tell me the grains have been right on every single announcement in this trade deal i don't think anything is done and again i think it's going to be done a lot of stuff and in this trade deal i don't think anything is done and again i think it's going to be done when it's done and the grains are telling you right now that nothing is done tahara as i've been and the grains are telling you right now that nothing is done tahara is above the trading thank you so much for being here. thank you. thank you so much for being here. thank you.
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google's parent company apple that. google's parent company apple the and is expected to report 3rd quarter earnings after the market closes today when they give the report and is expected to report 3rd quarter earnings after the market closes today when they give the report company executives could also face questions over the u.s. antitrust probe legal journalist merged company executives could also face questions over the u.s. antitrust probe legal journalist molly barrows contributor for america's morning news here now with more so molly 1st contributor for america's morning news here now with more so molly 1st any word on what the stock earnings report will be. well hi kristie yeah any word on what the stock earnings report will be. well hi
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kristie yeah financial analysts say alphabet and is expected to post quarterly earnings at $12.50 financial analysts say alphabet and is expected to post quarterly earnings at $12.57 a share on revenue of $40000000040290000896.00 that is $0.07 a share on revenue of $40000000040290000896.00 that is it was $1306.00 for the same quarter last year and besides discussing these latest numbers that it was 1306 for the same quarter last year and besides discussing these latest numbers it's possible company executives will get some questions about the antitrust probe the attorney general it's possible company executives will get some questions about the antitrust probe the attorney general texas announced this summer it's leading a group of 48 state attorneys a state attorneys general right x. is announced this summer it's leading a group of 48 state attorneys a state attorneys general rather to look into allegations of anti-competitive practices by google google the company's tech giant or to look into allegations of
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anti-competitive practices by google google the company. tech giant and the focus will mainly be on google's control of online advertising businesses and search trends and the focus will mainly be on google's control of online advertising businesses and search traffic and basically if the company is manipulating those results to undermine their own competitors afaik and basically if the company is manipulating those results to undermine their own competitors or perhaps influence elections as some politicians seem to feel kristie soldier perhaps influence elections as some politicians seem to feel kristie the federal trade commission finished a probe into some allegations against google and found no manipulate the federal trade commission finished a probe into some allegations against google and found no manipulations of surface all intending to her rivals so what's new about this probe actions of surface all intending to her rivals so what's new about this probe. just more information more concerns more complete. just more information more concerns
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more complaints and it all boils down to political pressure there is heightened scrutiny of all these tech industry giants and it all boils down to political pressure there is heightened scrutiny of all these tech industry giants in general and concerns are that these online superpowers like google and facebook are minit diets in general and concerns are that these online super powers like google and facebook are manipulating the content their users see to affect their choices and her business or even be allayed in the content their users see to affect their choices and her business or even political rivals like levy consumers to certain products or politicians of the temple little rivals like levy consumers to certain products or politicians of the texas a.g. a republican is leading the google investigation a new york democratic attorney texas a.g. a republican is leading the google investigation a new york democratic attorney general is leading the multi-state facebook probe missouri's also been investigating google's for the generals leading the multi-state facebook probe missouri's also been invest. for the past couple of
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years it's now folding its investigation into this new texas investigation and as human as couple years it's now folding its investigation into this new texas investigation and as you mentioned in 2013 the f.t.c. ended its 2 year anti-trust probe they found the company didn't in 2013 the f.t.c. ended its 2 year anti-trust probe they found the company did not manipulate search results the f.t.c. also looked into allegations of search bias and squid not manipulate search results the f.t.c. also looked into allegations of search bias and scraping of content said google greed to stop data scraping or misappropriating competitor raping of content said google greed to stop data scraping or misappropriating competitors content and so a.g. say though they're still hearing from people that google is collecting content and so a.g. say though they're still hearing from people that google is collecting more and more data from their users all the sell those targeted ads in the mean time to more and more data from their users all the sell those targeted ads in the mean time
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delivering them what they call an increasingly poor experience so that's where a lot of this pressure is coming from now delivering them what they call an increasingly poor experience so that's where a lot of this pressure is coming from now so what other investigations has google face. book so what other investigations has google face. boy you name it lots of and they just seem to be growing over the past few years so google faces 2 other major inquiry you name it lots of and they just seem to be growing over the past few years so google faces 2 other major inquiries a u.s. justice department investigation as well as a pro by the house of representatives judiciaries a u.s. justice department investigation as well as a pro by the house of representatives judiciary committee there's been previous investigations that touched on advertising like this one very committee there's been previous investigations that touched on advertising like this one but other probes focused again on their special specialized search tools that google uses for shit other probes focused again on their special specialized search tools. google
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uses for shopping finance data local businesses again advertising 5 states including being financed at a local businesses again advertising 5 states including texas looked into it back in 2010 but allegedly ended a few years later with no real reason texas looked into it back in 2010 but allegedly ended a few years later with no real reason given missouri also looked into the scope of google's data collection and whether that was a dozen given missouri also looked into the scope of google's data collection and whether that was affecting its competitors and in fact just this past september google agreed to pay 170 meg to its competitors and in fact just this past september google agreed to pay $170000000.00 fine to the government for violating online privacy rules for children $1000000000.00 fine to the government for violating online privacy rules for children because google owns you tube and base of the f.t.c. found that they were gathering data on kids because google owns you tube and base
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of the f.t.c. found that they were gathering data on kids like tracking what videos they're watching and then targeting ads today and that's illegal basically because there are like tracking of videos they're watching and then targeting ads today and that's illegal basically because there are federal rules that protect that information from gathering online federal rules that protect that information from gathering there for kids under 13 it's the children's online privacy protection act so lots of effort kids under 13 that's the children's online privacy protection act so lots of allegations that are similar over the years and the only real investigation that has proved legations that are similar over the years and the only real investigation that has proven anything is one from the e.u. which issued its largest antitrust fine yet to point to anything as one from the e.u. which issued its largest antitrust fine yet 2700000000 against google shipping or shopping rather for favoring their own products over other commit 7000000000
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against google shipping or shopping rather for favoring their own. products over other competitors so is this going to be interesting to see some of these other agencies don't pad it or so is this going to be interesting to see some of these other agencies don't think that it's going to be as easy to prove that google is doing this as it was for the european union but think that it's going to be as easy to prove that google is doing this as it was for the european union but we'll just have to wait and see fascinating and we'll definitely see how this earnings will be it will just have to wait and see fascinating we'll definitely see how the earnings will be affected by this molly barrows contributor to america's lawyer thank you so much. be affected by this molly barrows contributor to america's lawyer thank you so much. thanks christi. china is now home to face kristie. china is now home to more the most wealthy people than the u.s. for the 1st time in history according to chris one more the most wealthy people
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than the u.s. for the 1st time in history according to credit suisse his latest global wealth report and overnight 24 year old eric schiff son of this is latest global wealth report and overnight 24 year old eric schiff son of billionaire founder of pheno buying a pharmaceuticals became the richer than trump that its parents give billionaire founder of you know buying a pharmaceuticals became the richer than trump that its parents give to him a stake in the company worth about $3800000000.00 the transfer of to him a stake in the company worth about $3800000000.00 the transfer of $2700000000.00 shares made eric one of the wealthiest individuals as there was no gift tax 2700000000 shares made eric one of the wealthiest individuals as there was no gift tax in hong kong it's the latest in a tsunami of asian wealth that has been passed down to the next in hong kong it's the latest in a tsunami of asian wealth that has been passed down to the next generation eric was also named an executive director and a member of the company's executive board narration eric was also named an
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executive director and a member of. a company's executive board committee the same day before being given this role he previously served as c.e.o. i committee the same day before being given this role he previously served as c.e.o. at the north american army recruitment company lipping graduating from war new pen at the north american army recruitment company lipping graduating from war new pen eric is also listed as a director on at least 5 other company boards in hong kong erik is also listed as a director on at least 5 other company boards in hong kong. that's it for this time you can catch a boom bust on direct t.v. channels read. that's it by this time you can go to boom bust on direct t.v. channel 321 dish network out to 80 or streaming 247 on t.v. the free t.v. money one dish network out to 80 or streaming 247 on t.v. the free t.v. app down to 79 has always had us up. to 79
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full body of the systems that i'm sure it is safe the. least it was that i'm sure it is safe. is a small fortune in that indeed your good. fortune in getting into your good. fortune for the outnumbered a lot about the morning after so spent a. fortune for me out my bail out about this more than at yourself financially. and naturally.
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you know world of big part of the new lot and conspiracy you know world of big part of the new lot and conspiracy it's time to wake up to dig deeper to hit the stories this it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the shouting past each other we need. stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely for the truth the time is now
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we're watching closely watching the hawks. watching the hawks. the disconnect between the vast majority of americans and what. the disconnect between the vast majority of americans and what people see on cable news is good and what people on cable news think errol people see on cable news is good and what people on cable news think everyone should get outraged about nobody in america pays any attention to what let's get outraged about nobody in america pays any attention to whatsoever and this is what led to traumas victory in 2016 in what setting a soever and this is what led to traumas victory in 2016 in what setting him up for victory in 2020. for victory in 2020.
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we'll. see. we'll. see if. the pentagon congratulates itself on pilling islamic states leader saying the pentagon congratulates itself on pilling islamic states leader saying the u.s. is on wavering in its commitment to tackling terrorism. the united us is on wavering in its commitment to tackling terrorism. the united states more than any other nation in the world this is the power of the states more than any other nation in the world this is the power and the will to hunt to the ends of the earth those who wish to bring harm and the will to hunt to the ends of the earth those
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who wish to bring harm upon the american people. the british prime minister is good it's time to get an upon the american people. the british prime minister is good it's time to get an early election is rejected by paul and the you agree to extend the break sit down the election is rejected by palm and be you agreed to extend the breaks it deadline by another 3 months. and headlined by another 3 months. and hong kong officially enters a recession all for a 21st weekend and hong kong officially enters a recession offer a 21st weekend of violent unrest. i'll be back with another roundup of the headlines on must. be back with another roundup of the head.
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