tv Boom Bust RT October 29, 2019 10:30am-11:31am EDT
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out a deal this thursday a law known as the bend act required the prime minister to x. out a deal this thursday a law known as the bend act require the prime minister to accept any extension offered from brussels with the extension as a backdrop just with that any extension offered from brussels with the extension as a backdrop just within the last hour the house of commons voted down mr johnson's plan to call an early election the last hour the house of commons voted down mr johnson's plan to call an early election on the 12th of december which would have required a 2 thirds majority to pass prior and on the 12th of december which would have required a 2 thirds majority to pass prior to the about mr johnson offer this play for a general election to parliament but in the about mr johnson offer this play for a general election to parliament. i think it is fair to say that nobody in this house relishes the idea of a gent i think it is fair to say that nobody in this house relishes the idea of a general election because nobody wants to put the public to this inconvenient
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election because nobody wants to put the public to this inconvenience predict the as the gentleman says this season but across the county it's pretty good as the gentleman says at this season but across the country there is a widespread view that this parliament has a tree there is a widespread view that this parliament has run its course and that is. that is because i run its course and that is. that is because i simply do not believe that this house is capable of delivering on the promise simply do not believe that this house is capable of delivering on the priorities of the people whether that means bricks or anything else of course urges of the people whether that means bricks or anything else that of course i would rather get breaks it done
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and. i would rather get rexy done. this marks the 3rd failed attempt for mr johnson to call a general election in the this marks the 3rd failed attempt for mr johnson to call a general election in the u.k. . they did and this with legislative this. legislative legislation forward for december 9th. the election will be put up or it will be a simple majority before or weeks and short of 4 weeks and the risk of a no deal bragg's it has been substantially reduced as a sterling edged higher against the dollar the risk of a no deal brags it has been substantially reduced as a sterling edged higher against the dollar. there's a lot going on here today so who better to turn to them former. there's a lot going on here today so who better to turn to them former 1st minister of
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scotland and host of the alex semin show on r.t.e. 1st minister of scotland and host of the alex semin show on r.t. alex salmon so 1st minister let's start with a quick explanation on where exactly so 1st minister let's start with a quick explanation on where exactly we are with the plan to leave the e.u. . where we are with the plan to leave. well we've witnessed a parliament today. well we've witnessed a parliamentary medical today another once a dead prime minister put forward a motion to the hopes of commons another once a dead prime minister put forward a motion to the house of commons for an election on december the 12th he won the vote then get a 2 thirds majority for an election on december the 12th he won the vote then get a 2 thirds majority so we didn't get
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a selection of why should he be date because this is the man bought his daughter so we didn't get a selection of why should he be date because this is the man bought us johnson who said he would die in that debt rather than accept an extension to who said he would die in that debt rather than accept an extension to the therapy fast from the european union but today he wrote the alleged annually of the 30 fast from the european union but today he wrote a letter to the european union accepting that extension so we don't have some better to the european union accepting that extension so we don't have somebody who said he would die in a ditch actually very much alive and front of the house of commons the 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 failed for the 3rd time tonight but it's looking to get a general election though he failed for the 3rd time tonight but it's likely and this
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is breaking news that he will succeed tomorrow by bringing him back likely and this is breaking news that he will succeed tomorrow by bringing back a bill which requires the simple majority to get that election undeservedly bill which requires the simple majority to get that election undesirable the 12th so the breaking news from the united kingdom from london tonight is when we should be watching replays of a wonderful life on television the politician 12th so the breaking news 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 fighting a general election just before christmas and the people will be fighting a general election just before christmas. so now we went to a few extensions before we saw a 2 week delay and march of this so now we witnessed a few extensions before we saw a 2 week delay and march of this year followed up by the late in the deadline to
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the 31st of october and now we have a debt here 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 you negotiators have been clear that they don't want any more extended line now at the end of january 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 and so is that set in stone or are we going to see more of this the next in the next 3 months. well you're quite. well you're quite right to say that european leaders are fed up with the united kingdom subtly say it right to say that european leaders are fed up with the united kingdom of subtly fed up and it has been dominating the proceedings of the european union now for the lead up and it has been dominating the proceedings of the european union now for the last 3 years
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and these constant extensions that inability to last 3 years and these constant extensions that inability to reason may the previous prime minister to formulate and he sought a deal or no football as john cleese or maybe the previous prime minister to formulate and he saw the deal and no footballer's junction to get a deal that has been agreed through the house of commons is causing extreme to get a deal that has been agreed through the house of commons is causing extreme weather station across the continent but the reason they have agreed to that extension other station across the continent 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 today and that's been agreed 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 there's going to be an election they wanted either an election or a referendum so the matter would come to
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a conclusion and the reason that europe has been content to also is a matter that would come to a conclusion and the reason that europe has been content to offer the extension to genevieve 31st next year is they believe that my for the extension to judge of this 31st next year is they believe the matter is going to be resolved by the people in the general election and that seems unlikely that is going to be resolved by the people in the general election and that seems unlikely as we speak to go through the house of commons tomorrow the lesson and less likely as we speak to go through the house of commons tomorrow but listen unless bracks melodrama there's always a twist in the plot so let's get back to melodrama there's always a twist in the plot so let's get to this call for another general election what's the difference between the 2 dates but what is this call for another general election what's the difference between the 2 dates but forthwith the 12th of
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december which was just rejected by the m.p.'s and the 9th of december which is expected back with the 12th of december which was just rejected by the m.p.'s and the 9th of december which is expected to be tabled this week. to be tabled this week. while it's not going to be the line they bought us johnson has taken a client while it's not going to be the line they bought us johnson has taken a plan from the liberal democrats that the 44 opposition party and the scottish national party much from the liberal democrats that's the 4 for opposition party and the scottish national party myopathy the 3rd opposition party in the house of commons on the 2nd opposition party the 3rd opposition party in the house of commons on the 2nd opposition by. and as a doctor himself and i said i was tonight he'll be 30 and as a doctor himself and i said i was tonight he'll be tabling the bill to model except
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the date will be the 12th not the 9th the tabling the bill tomorrow 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 although there's a bit of truth 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 sleep on the s.n.p. 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 the days then they'll probably has brakes agreement through the house of commons in a matter of the days then they'll probably go along with the 12th of december not the 9th forecast but to go along with the 12th of december not the 9th forecast but of course nothing is staff and this move from the liberal democrats and the s.n.p. is contraband of course nothing is staff and this move from the liberal democrats and the s.n.p. is controversial some people say they've taken the the ball away from the
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opposition labor szell some people say they've taken the the ball away from the opposition labor party they've taken the unwashed of the broad things to a conclusion they've stopped the bracks that a party they've taken the enmeshed of them brought things to a conclusion they've stopped the bracks that bill going through others say in the playing and $2.00 johnson's hands because bill going through others say in the playing in $2.00 johnson's hands because he has a commanding lead in the opinion polls and england at least as he has a commanding lead in the opinion polls and england at least and can reasonably expect in a pre christmas election to determine triumphant and can reasonably expect in a pre christmas election to determine triumphant. maine jus that's what today is a mere thought when she launched her surprise election in 2000 in june that's what talese a mere thought when she launched her surprise election in 2017 and promptly lost
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a majority still in politics as in life nothing 17 and promptly lost a majority still in politics as in life nothing a toll. so we don't see a snap election in the junior toll. so we didn't see a snap election in june of 2017 so what are the citizens of u.k. thinking about this situation like i did at 2017 so what are the citizens of u.k. thinking about this situation like are they different thinking differently than 2 years ago and what will be accomplished by having this general election a different thinking differently than 2 years ago and what will be accomplished by having this general election. idea. i think the office of the country is very very closely split i mean the i think the office of the country is very very closely split i mean the the the reason for this
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long agonizing 3 years of waiting to come to rest the reason for this long agonizing 3 years of waiting to come to a resolution of breaks as underlying the country that's the united kingdom is a solution of brecht as underlying the country that the united kingdom is split down the middle on being remain or breaks so it's very difficult to get to rest split down the middle on being remain or break so it's very difficult to get to a resolution when opinion is so closely fought now i suspect there is a middle lucian when opinion is so closely fought now i suspect there is a majority in the country who wants to see the matter resolved i think your sunday could salute the joys of the country who wants to see the master resolved 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 remain toss a coin and i'll either be resolved by breck's or i'll be dissolved by remaining
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bitter bitter solve one way or the other there's probably a big joy if you would accept the telling calling better be dissolved one way or the other there's probably a big joy if you would accept the telling cost but that's not going to be the cost of a coil it's going to be a general election and then of course the last but that's not going to be the cost us of a car. oil is going to be a general election then of course there are big differences in the countries with in the united kingdom anyone has read big differences in the countries within the united kingdom and when has a reasonable majority you would think for breaks but are so are strong remain tendency is a moment george you would think for breaks but are so are strong remain tendency to scotland this overwhelming will remain and then northern ireland which is pro remain scotland this overwhelming will remain and then northern ireland which is pro remain a but has the party representing it which is pro bracks it lane but has the party representing it which is pro bracks it and then wales which is split down the
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middle so in addition to the public opinion across the united in wales which is split down the middle so in addition to the public opinion across the united kingdom being split there are differences between the 4 countries which constitute a kingdom being split there are differences between the 4 countries which constitute the united kingdom all of that has been the ingredients for the last 3 years of a the united kingdom all of that has been the ingredients for the last 3 years of a a parliamentary stalemate no loops or if that stalemate a parliamentary stalemate no loops or if that stalemate it's about to be broken and broken by a pre christmas general election it's about to be broken and broken by a pre christmas general election the 1st it went to an election sense $974.00 the 1st it went to an election sense 974 and it will be very interesting to see if the people are keen enough. and it will
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be very interesting to see if the people are keen enough to tom know when the weather gets cold in the nights get dark however it has to be said that no time no when the weather gets cold in the night to get. doc however that has to be said that the last went to the election of february of 97 before surprised everybody by having a huge loss when to the election of february of 97 therefore surprised everybody by having a huge tub mode so it's not necessarily the case that just because it's winter that piece time mode so it's not necessarily the case that just because it's winter that people don't get to the polling stations and perhaps the people tomorrow just to see a final people don't get to the polling stations and perhaps the people tomorrow just to see a final resolution to this lone brecht the bait fascinating a resolution to this lone brax the bait fascinating situation very complicated to
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stand on thank you so much for breaking it down. very complicated to examine thank you so much for breaking it down. thank. the mayor of all. thank. the mayor of all index of argentina surged on monday morning as trading opened following the weekend victory of a bell index of argentina surged on monday morning as trading opened following the weekend victory of fernandez in the nation's elections this spike was also driven in part by the argentine set of fernandez in the nation's elections this spike was also driven in part by the argentine central bank's decision to impose controls on the amount of control the banks purchase decision is far into an individual's trust hold on the amount of monthly dollar purchases for individuals cutting the number to $200.00 down from $10000.00 mr fernandez who cutting the number to 200 dollars
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down from 10000 mr fernandez who led the center left coalition along with former president cristina fernandez de kirchner topped a lead the center left coalition along with former president cristina fernandez de kirchner top income come member. with a with more to feed a porter send a person but out of as to supposed to 40 percent for mr mr mccreery this despite the exit of a create for nando's as has offered for to honor the i am us us made major loan to the country of $57000000000.00 and the new i.m.f. chief crystal nature alone to the country of $57000000000.00 and the new i.m.f. chief crystal. offered her congratulations on twitter claiming that she looks forward to working for her congratulations on twitter claiming that she looks forward to working with the new administration to tackle the nation's economic problems mr fernandez issued looking with the new administration to tackle the.
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nation's economic problems mr fernandez issued this statement to supporters and one as artist following the election results on sunday than it was just statement to supporters and when i was artist following the election results on sunday. we will build the argentina we did true that we are. we will build the argentina we did this is not true that we. are going into the world we will build a country that. we're going into the world we will build a country that are. our best heroes and we. care for. our best. and we. elevate the holding company of. the holding company behind louis vuitton mill and hennessy has made a $14500000000.00 bid for the high louis vuitton mill and hennessy has made
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a $14500000000.00 bid for tiffany's out 100 $20.00 per share marking a 22 percent premium for tiffany's out $120.00 per share marking a 22 percent premium this would be bernard biggest acquisition and would expand the french company to access this would be bernard biggest acquisition and would expand the french company to access u.s. luxury consumers this deal would also help compete against u.s. luxury consumers this deal would also help compete against who currently is the watches and jewelry segment as of january this unit which is about who currently is the watches and jewelry segment as of january this unit which includes borger who blow and tag only brought in 9 percent of overall revenue. who blow and tag 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 analysts believe that
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tiffany's will likely reject. the current offer for being too low as a brand is immortalised new york icon there is a host of potential revenue and expense and it is immortalised new york icon there is a host of potential revenue and expense energies that can also be created and l.v. image has deep pockets the board of directors is currencies that can also be created and elvia made has deep pockets the board of directors is currently reviewing the proposal and advised shareholders to take no actions yet the luxury goods are reviewing the proposal and advised shareholders to take no actions yet the luxury goods sector is worth about $800000000000.00 according to estimates by b.c.g. who expect sector is worth about $800000000000.00 according to estimates by b.c.g. who expect it to grow at 4 to 5 percent a year on taught least 2025 l.v.i. make that they grow at 4 to 5 percent a year and taught least 2025 l.v.i. majors in competition with south africa's reach month francoise panels carolyn who
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owns the port has in competition with south africa's reach month francoise panels carolyn who owns the portfolios of the world's most sought after luxury goods brands. fall is a world's most sought after luxury goods brands. time now for a quick break but hang here because when we return on time now for a quick break but hang here because when we return uncertainties rages on in europe as a trance acetic trade by seems to be making progress as there are risks certainties rages on in europe as a trance acetic trade by seems to be making progress as there are reports that china and the u.s. are making progress towards a deal todd horowitz above the trading floor is that china and the u.s. are making progress towards a deal todd horowitz above the trading lend us a hand to sort through the stocks and how the talks are moving market and later lend us a hand to sort through the stocks and how the talks are moving market and later the scrutiny is because i need to give something up to tech and the sun must meet and
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remember there was an. old master remember that it was. it was bad you know much worse. but there was. it was bad you know much worse day but there was an expectation that things were going to get better. real sense an expectation that things were going to get better. real sense of hope. there isn't today. there isn't today to. the turn principles. and. principles of concentration of wealth and power. reduced democracy.
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engineer reduced democracy. excello doubt engineer elections manufacture consent another prince holds a korea latch manufacture consent another prince holds according to no i'm jones to one set of rules for the rich offsetting to know on chomsky one set of rules for the rich opposite several shrewd. that's what happens when you put her and said. that's what happens when you put her into the hands of a narrow sector of wilf which will do the. narrow sector of wilf which will is dedicated to increasing power for chills just as you'd expect one of the most and is dedicated to increasing power for just as you'd expect one of the most influential intellectuals of our time speaks about the modern
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civilization influential intellectuals of our time speaks about the modern civilization of america. of america. is you'll be dia. is you'll be dia a reflection of reality. a reflection of reality. in a world transfer. in a world transformed. what will make you feel safe. cold and. what will make you feel safe. isolation community.
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isolation. community. are you going the right way or are you being led so where. are you going the right way or are you being led so. direct. what is true what is faith. direct. what is true what is faith. in a world corrupted you need to descend. in a world corrupted you need to descend. to join us in the depths. to join us in the depths. for a mate in the shallows. or a mate in the shallows. to
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day. to day there are good dentists and bad evidence the bad and those in yemen there are good dentists and bad evidence the bad terrorists and those in yemen who the united states deems to be a threat the good to those who are in syria who the united states deems to be a threat the good of those who are in syria the cia and the us military were engaged in covert actions really throughout the war the cia and the us military were engaged in covert actions really throughout the world. where they were assassinating populist leaders they were barrels. where they were assassinating populist leaders they were backing up the right way militaries mentos funding an army of death squads there's no backing up right way militaries mentos funding an army of death squads there's no anymore because there's always a small people really anymore because there's always
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a small town. big jump over 40 percent this weekend after. a big jump over 40 percent this weekend after chinese president xi jinping gave a speech embracing blocking and calling on china to present gave a speech embracing blocking and calling on china to advance development in the field but going jump as high as 10332 aunts development in the field but going jump
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as high as 10332 on saturday as she motivated china to take a leading position on the sector on saturday as she motivated china to take a leading position on the sector bouncing off of the 200 day moving average it appears that china just confirmed facebook found a off of the 200 day moving average it appears that china just confirmed facebook founder mark zuckerberg sworn in to congress last week calling for china to accelerate its adoption of the 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.s. he has also been working on watching technologies as a core for innovation the p.b.s. he has also been working on his own digital currency since 2014 in order to reduce the cost involved in circulating trade on its own digital currency since 2014 in order to reduce the cost involved in circulating traditional paper based money a senior official at the bank reported that the plan digital token paper based
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money a senior official at. bank reported that the plan to hold token would bear similar it aries to facebook's libra for their feeling the technology arm read very similar it aries to facebook's libra for their feeling the technology arm race between china and the us block change has the potential to disrupt the whole fight between china and the us block change has the potential to disrupt the whole financial landscape as the current system has failed the world time and time again when the angela landscape as the current system has failed the world time and time again when the control and management of finance centralized entities veers off course it has very 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 debt crisis the venezuela very real effect on people's lives you get disasters such as the greek debt crisis the venezuelan hyperinflation crisis the turkey currency crisis and most recently argentina hyperinflation crisis the turkey currency crisis
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and most recently argentina as an teams default throughout the periods of hyperinflation in venezuela and turkey and teen default throughout the periods of hyperinflation in venezuela and turkey and the bank runs in argentina cryptocurrency usage have been on the rise this show 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 retain control and those 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 crypto gives the power for vive in a country where ffion is no longer valuable crypto gives the power back into the hands of the people and with more on the macro he had over back into the hands of the people. and with more on the matter head over to todd horowitz chief strategist above the trading so todd it seems like sucker buys purgative taught horwitz chief
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strategist above a trading so top it seems like sucker buys prophecy is eerily coming true already that means china will outpace the us office e is eerily coming true already that means china will outpace the us in developing internet $3.00 and the critical block technology that will be the cornerstone us in developing internet $3.00 and the critical block technology that will be the cornerstone of the new century meanwhile the u.s. is still trying to kill off the new leader of technology and of the new century meanwhile the u.s. is still trying to kill off the new leader of technology in its infancy before it's even been built so where are we now has the u.s. in its infancy before it's even been built so where are we now has the u.s. there toned at all towards libra. soften their tone at all towards libra. well you know i think when you look at the entire cryptocurrency world you
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know the biggest you know i think when you look at the entire crypto currency world you know the biggest problem that everybody has including china's central bank is that they want to have control of the problem that everybody has including china's central bank is that they want to have control of it and the whole idea behind the crypto currency the whole idea behind bitcoin and lit and the whole idea behind the crypto currency the whole idea behind bitcoin and libor is not to be regulated were can be manipulated or controlled like it's done now libor is not to be regulated where can be manipulated or controlled like it's done now so china's digital currency if they get one is going to be strictly less so china's digital currency if they get one is going to be strictly be manipulated as it is now just like the united states currency like every other forgot to be manipulated as it is now. just like the united states currency like every other forgot currency the big question is meant for that that to eliminate the b.
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if you had currency system currency the big question is meant for that that to eliminate the b. if you had currency system it also helps people to get their money out of a country if they're going broke 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 even israel if 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 transferring money and show you what it is your greatest regret is really 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 transferring money and china's but it was a big question with russia for about $6.00 or 7 years already so i guess there are going to but it is a big question 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 as far along but right now be ahead but at the end of the day the united states will be just as far along but right now there's a battle because they don't want to give up control of the currency like every
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other is a battle because they don't want to give up control of the currency like every other central bank in the world they want to be able to manipulate that cash value and other central bank in the world they want to be able to manipulate that cash value and they need to so one of the main features of this digital army that's currently being proposed need to so one of the main features of this digital army that's currently being proposed by the p.b.'s c. is that it will no longer rely on the us a swift and chips payment system goes by the p.b.'s c. is that it will no longer rely on the us this with and chips payment system which allows for international cross border transactions the us has control of this which allows for international cross border transactions the us has control of the switch network allows for tremendous power when it comes to sanctioning or stifling cross paths with 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 the u.s.
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is afraid of payments so do you think this is exactly what you are saying that the u.s. is afraid of losing control of their current. to control of their common and. occur dominance. well again i think that the u.s. will remain the dominant currency player forever i mean again i think that the u.s. 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 the strongest the biggest there 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. which you're talking about we're going to be are kind of the arms from the city which. will want to be accountable as did the beetle bell will be able to be done and headed to somebody else's block chain was ok again and headed to somebody else's block chain was ok again we don't know the details of how that money could be transferred because basically they did we don't know the details of how that
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money could be transferred because basically the digital version of the r. and b. is going to be the same as a currency version so his little version of the r. and b. is going to be the same as a currency version so how is somebody to get it into a bank or wherever if they take delivery of the how is somebody to get it into a bank or wherever if they take delivery of the currency is not that's not a crypto currency it can be manipulated is syfy 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 we're looking at this and the bill as the dollar the currency can be now so again i think we're looking at this and the wrong way the real benefit of the cryptocurrency world is that there is no send 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 the things out they trade $24.00 route it
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will bank there's no though but it can manipulate and price the things out they trade 24 hour a day and they're done totally on prices government not on what the fed decides to do on wednesday and they're done totally on prices government not on what the fed decides to do. on wednesday now turning over to the equities market now we are looking at some of the all time high now turning over to the equities market now we are looking at some of the all time highs as reports of phase one of the trade they are basically completed and all of the 2 highs as reports of phase one of the trade they are basically completed and all of the $206.00 companies that currently have a part of this earnings season 78 of them have topped analysts accident 6 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 doesn't even make sense 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 analyst expectations just been too pessimistic this courts that we are all the way up here and had analysts
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expectations just been too pessimistic this quarter. of those let's do it this way kristie 1st of all our earnings of. those let's say it this way kristie 1st of all our earnings have beaten already a lower than expected earnings so again i don't give their earnings any study already lower than expected earnings so again i don't give their earnings any stock and creating this market but again when companies under promise and creating this market but again when companies under promise and then they over deliver even drover delivering nothing they detract new money investors the old then they over deliver even drover delivering nothing they detract new money investors the overall markets over not at all these models are very much over the market should not manage to read the actual deal because i want to hold longer remember markets germond irrational much longer because at the end of the day the chase for yield is what people are looking for there because at the end of the day that share used for
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yield is what people are looking for there they need to get yields on earth portfolios and that's what they're chasing so that's that will eventually they need to get yield on earth portfolios and that's what they're chasing so that's that will of the. eventually be what will bring the markets down and those far as a trade deal i'm not so sure b. what will bring the markets down and those far as a trade deal i'm not so sure just to step up and say that deal's almost done i get you with all you have to do is look at the grain just to step up and say that deal's almost done i guess you would all 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 in markets the grain markets were lower today and what should have been good news for grains so you can tell me the grains have been right on every single announcement in this trade deal 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 when it's done and the grain i don't think
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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 above the trading thank you so much are telling you right now that nothing is done todd heart is above the trading thank you so much for being here. thank you. for being here. thank you. google's parent called the apple to and is expected to report. google's parent company apple the and is expected to report 3rd quarter earnings after the market closes today when they give the report company executives could offer 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 molly barrows contributor for american so face questions over the u.s.
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antitrust probe legal journalist molly barrows contributor for america's morning news here now with more so molly 1st any word on what the stock has learned here now with more so molly 1st any word on what the stock earnings report will be. well hi kristie yes financial analysts say our earnings report will be. well hi christi yes financial analysts say alphabet and is expected to post quarterly earnings at $12.57 a share on read about and is expected to post quarterly earnings at 12 dollars and 57 cents a share on revenue of $40000000040290000896.00 that is it was 137240 1000000040290000000 that is it was $1306.00 for the same quarter last year and besides discussing these latest numbers it's possible company executives 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 texas announced this summer its leadings will get some questions about the
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antitrust probe the attorney general texas announced this summer it's leading a group of 48 state attorneys a state attorneys general rather to look into allegations of a group of $48.00 state attorneys state attorneys general rather to look into allegations of anti-competitive practices by google google the company's tech giant and the focus will mainly be anti-competitive practices by google google the company's tech giant and the folk. this will mainly be on google's control of online advertising businesses and search traffic and basically 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 or perhaps influence the company is manipulating those results to undermine their own competitors or perhaps influence elections as some politicians seem to feel kristie the federal trade commission elections as some politicians seem to feel kristie the federal trade commission finished a probe into some allegations against google and found no manipulations of surface all intent finish a probe into some allegations against google and found no manipulations of surface
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also intending to her rivals so what's new about this probe. pending to her rivals so what's new about this probe. just more information more concerns more complaints and it all boils down to just more information more concerns more complaints and it all boils down to political pressure there's heightened scrutiny of all these tech industry giants in general on the political pressure there's heightened scrutiny of all these tech industry giants in general and concerns are that these online superpowers like google and facebook are manipulating the content and concerns are that these online superpowers like google and facebook are manipulating the content their users see to affect their choices and her business or even political rivals their users see to affect their choices and her business or even political rivals like lady consumers to certain products or politicians of the texas a.g. a republican likely to consumers to certain products or politicians of the texas
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a.g. a republican is leading the google investigation a new york democratic attorney general is leading the multi-state and 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 past couple years it's now full of facebook probe missouri's also been investigating google's for the past couple. years its now folding its investigation into this new texas investigation and as you mentioned in 2013 adding 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 did not manipulate search results to see 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 scraping of content told the f.t.c. also looked into allegations of search bias and scraping of content said google greed to stop data scraping or misappropriating competitors content said google greed to stop data scraping or misappropriating competitors content and so a.g.
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say though they're still hearing from people that google is collecting more and more data from there 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 delivering them what they call an angry users all the sell those targeted ads in the mean time 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 investigate creasing li poor experience that's where a lot of this pressure is coming from now so what other investigations has google face. oh boy you name it lots of nations 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 inquiries us 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 judiciary committee there justice department
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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 but other probes focused again in previous investigations that touched on advertising like this one but other probes focused again on their special specialized search tools that google uses for shopping finance data on their special specialized search tools that google uses for shopping. finance data local businesses again advertising 5 states including texas looked into it battle local businesses again advertising 5 states including texas looked into it back in 2010 allegedly ended a few years later with no real reason given missouri also in 2010 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 affecting its competitors 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 $170000000.00 fine and in fact just this past september google agreed to pay $170000000.00 fine
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to the government for violating online privacy rules for children because google owns you tube 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 by tracking what videos there you've been basically the f.t.c. found that they were gathering data on kids by tracking what videos they're watching and then targeting ads today and that's illegal basically because there are federal rules are watching and then targeting ads today and that's illegal basically because there are federal rules that protect that information. from gathering there for kids under 13 that protect that information. from gathering there for kids under 13 it's the children's online privacy protection act so lots of allegations that are similar in the children's online privacy protection act so lots of allegations that are similar over the years and the only real test a geisha in that has proven anything is one from the e.u. which issued its largest antitrust fine yet 2700000000 against killer over the
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years and the only real test a geisha in that has proven anything is 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 competitors so is this going to be the goal shipping or shopping rather for favoring their own products over other competitor. 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 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 we'll just have to wait and see 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 affected by this see fascinating and we'll definitely see how this earnings will be affected by this molly barrows contributor to america's lawyer thank you so much. thanks christi molly barrows contributor to america's lawyer
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thank you so much. thanks christi. china is now home to more the most wealthy. china is now home to more the most wealthy people than the u.s. for the 1st time in history according to credit suisse his latest global wealth of people 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 billionaire founder of scene port and overnight 24 year old eric schiff son of billionaire founder of pheno buying a pharmaceuticals became the richer than trump that as parents give to him a stake in the company albino pharmaceuticals became the richer than trump that its parents gave to him a stake in the company worth about 3800000000 dollars the transfer of $2700000000.00 cherry worth about $3800000000.00 the transfer of $2700000000.00 shares made eric one of the wealthiest individuals as there was no gift tax in hong kong is made eric one of the wealthiest individuals as there was no gift tax in
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hong kong it's the latest in a tsunami of asian wealth that has been passed down to the next generation and 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 committee the same day was also named an executive director and a member of the company's executive board committee. the same day before being being given this role he prepares the businesses. at the north american arm of recruitment company picking. graduating from i did weigh in from our new our new panel and eric is also literal stick is also listed as the director on at least 5 other company boards in hong kong. the director on at least 5 other company boards in hong kong. that's it for this time you can cut your boom bust on directv channel 321 dish network have that's it for this time you can
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know world a big part of. the world a big part of. its. way. to get. its. way to be. to hit the stories that mainstream media refuses to tell more than ever we need the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for them it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching close to death for the truth the time is now for watching
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than aftershocks financially. join me everything. join me every thursday on the alex simon show and i'll be speaking to guest of the world of politics supposed to be on the alec simon show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. small business i'm show business i'll see you then.
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so what we've got to do is identify the threats that we have it's crazy so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race and of his on off and spearing dramatic. let it be in our. race is on often spearing dramatic development only closely i'm going to resist i don't see how that strategy developed into only mostly i'm going to resist i don't see how that strategy will be successful very critical time to sit down and will be successful very critical time to sit down and talk. and talk.
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the pentagon says it's not ready to release video evidence to back up the claim it's killed the leader of the pentagon says it's not ready to release video evidence to back up the claim it's killed the leader of the islamic state in syria we'll look at how the world's most wanted terrorist detection for so long stay in syria we'll look at how the world's most wanted terrorists aborted detection for so long. plus the legal team of transforming all. the legal team of chums former security adviser was charged with lying to investigators alleges michael flynn testimony security adviser was charged with lying to investigators alleges michael flynn testimony was altered by the f.b.i. . it was all. by the f.b.i.
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. and french police arrest an 84 year old man suspected of injuring 2 people and french police arrest an 84 year old man suspected of injuring 2 people of an attack on a mosque that as a new poll finds most people in the country think is wrong is an attack on a mosque that as a new poll finds most people in the country think is wrong is incompatible with french society. incompatible with french society.
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