dropped by 4.7 percent to $52500000000.00 in september reaching a 5 month low slightly above expectations which were at 52200000000 dollars on year over year the current trade deficit is still 5.4 percent higher than the same period last year exports declined $1800000000.00 to $206000000000.00 while imports also dropped 4400000000 to 258.4 $1000000000.00 the us recorded its 1st oil star plus since 1978 of $252000000.00 while imports on consumer goods fell $2500000000.00 as cell phones and other household goods dropped by $800000000.00 meanwhile at the opening of the 2nd china international import expo president xi jinping promised more steps to gradually open chinese markets. china will continue to foster and enabling business environment that is based on market principles and governed by law and up to international standards we will

give foreign investment greater market access to more sectors shorten the negative list further and improve institutions for investment promotion and protection and for information reporting all beijing did not specifically address the u.s. and europe complaints about these restrictions on foreign companies but business groups remain frustrated with beijing's gradual pace and restrictions that are still in place on services. to companies who face rocky i.p.o. as reported earnings on monday causing moves in their share price but this company peloton reported for the 1st time since going public revenue has doubled year over year to 228 $1000000.00 the company lowered its net losses to $49800000.00 down from $54500000.00 a year over year peloton also doubled their paid subscriber base from the previous year on the news peloton stock spiked 6 percent in premarket trading before plummeting and. another 6 percent after market opening now trading below their

i.p.o. price meanwhile ride sharing goliath is also feeling the pain after reporting quarterly losses of more than $1000000000.00 the company reported revenue gains of 30 percent year over year to $3800000000.00 despite the massive losses on their earnings call c.e.o. dar a coaster of shock he said has the ability to build a profitable profitable company but focusing on efficiency rather than rapid growth as it had in the past over stock price was down more than $7.00 and a half percent on tuesday following the news which is more than 30 percent lower than their i.p.o. price. changes at we work are bringing about frustration to some of its main investors the policies are turning things upside down costing billions r t correspondent atocha suite has more from our los angeles bureau. so that the initial family and we work public offering things are going downhill now the company is looking to downsize possibly still meet up and to other startups we work

a commercial real estate company that provides shared work spaces for technology startups reportedly cut 25 percent of the staff at meet up on monday we were purchased 2 years ago for a reported $200000000.00 that has roughly $44000000.00 members globally the c.e.o. of soft think is now saying we treated a monster when referring to we were the japanese make investor put in billions into the real estate company only having to bail it out later it's been reported that the bailout was $8000000000.00 and soft bank even provided an accelerated payment of $1500000000.00 just to ensure the company didn't run out of money so now south bank is facing scrutiny over the deal to turn over a new leaf southbank is expected to apply new standards to future investments and also tighten governance companies it's currently banking like we work david solomon c.e.o. of goldman sachs lost $80000000.00 in its stake and we work during the 3rd quarter after the come. he failed to go public in an interview silliman said it's important

for people to grow but there's got to be a clear and articulated path to profitability i think there's a little bit more market discipline coming into play and i think that's healthy for markets for the future of meet up is still unclear at this time we work in still looking to go public in 2027 x. 3 months be very telling to see whether or not we work and we will put it in the starting in los angeles we are. and if you thought it was convenient to have a voice assisted in your home it may be time to think again how easy can it be for hackers to hack your home a group of researchers in japan and at the university of michigan found a way to take over some of your home's personal systems from hundreds of feet away this includes google home amazon's alexa or apple's siri devices all by simply shining a laser pointers and even flashlights at the devices microphones the researchers

even open a garage door by shining a laser beam at a voice assistant that was connected to it a recent report shows at least 26.6 percent of u.s. households own at least one smart speaker and there's a lot to go over here so we've actually enjoyed invited author and tech executive alex offer to answer some of our questions welcome alex. hi thanks for having me on 1st off what's happening here with the vulnerabilities in these vices voice assistance. so it's actually part of a long running pattern of people testing out things that are popular and you can go way back to the day when you had people using captain crunch whistles to the socially tweak. call phone booth to get free long distance calls now it's a little more industrialized where's the i mean research teams are checking to see ok does this new device work this is not how can i crack it because all of these pieces are actually really critical to our overall security as a society going forward well you mention as as a society as we move toward

a more connected society with all of these devices and every home and office how can companies like amazon and google put these devices out that are susceptible to these types of attacks. so i think that it's a really really hard problem because if you think about it there's almost infinite ways to attack and test these devices and it's really hard for someone like oh google or amazon to dissipate every single one of these i mean human creativity is kind of infinite so pointing laser pointers at it or flashing numbers at it i mean these are just part of the development of technology i think for us to expect that these things will go out perfect is not realistic that said when we see these starts of vulnerabilities pop up we should expect to see them fixed fairly quickly now there's a whole other line along that too which is that behind these things are invariably artificial intelligence and artificial intelligence is still quite brittle so still fairly easy to fool in a lot of ways but on that point that you just made there i mean artificial

intelligence is all new obviously we can't like you said expect them to go out perfect but there has to be some sort of security measure in place correct alex because what we're looking at is you know you could affect somebody you could open a garage door that means your house is now vulnerable to somebody being entered so i mean obviously i know you're not saying they don't have any responsibility but what you know you as a former tech executive in see in the rollout or as a tech is active in general as seen the rollout of products like this i mean what are you what kind of strange stuff especially when you're seeing from the big boys like amazon and google what are they doing to kind of prevent these types of things before they go to market. well i think pretty clearly they're not doing enough i mean i agree with you on that i think that they probably are testing some vulnerabilities in their skunkworks or their labs before they send them out what i think is missing is that when you go look at commercial software for example google has an entire team dedicated towards what they call 0 day vulnerabilities in software that's looking for things that could bring a server to

a halt that's not necessarily known out in the wild apple has a bug bounty program or you know various software companies have bug bounty programs so they've put in place to try to mitigate. spot these problems in advance different incentive structures that have different testing programs now things like voices that are very early days so i think that we still haven't built that out yet and i think it's incumbent upon google and amazon and all these other folks to now go and say ok we need to put in place some more robust both internal and external testing programs to incentivize and create a market for finding these types of laws well alex do you think i mean these laws like you said are inevitable are we ever going to really be able to contain 100 percent of this i mean over 25 percent of u.s. households own one of these smart speakers is this something that really we we should should be doing relying on these or is this something that's going to become more common then like i said is it ever going to be 100 percent containable. so no

it will never ever be 100 percent contained it will just as software bugs have not been 100 percent containable over time you will see systems that hopefully will be more resilient and more secure i think that that's a reasonable ask but in terms of saying we want 100 percent it's never going to happen in the same way they are never going to have a car that's going to not break down 100 percent of the time or you're never going to have a plane crash ever things will happen that's just part of complex systems now that being said i think that there's lots and lots of areas that we should be more we should build in better ways to absorb failures as we start to see more of these devices in u.s. households become more important part of our infrastructure of how we interact with finances of how we do all these things in our lives now i think the other part of it which we should just get used to is that failure will tend to be more catastrophic so when things go really wrong they're going to really really wrong and you've seen almost the same thing in airline crashes you know where now when

you see airline crashes almost everybody dies as we get towards things like automated cars or when the systems are driving or they have more control in our lives or these speakers the vulnerabilities will be worse the information exposed will be worse and i think that's part of the tradeoff of heading into a world where we allow these systems to take more and more responsibility and more control. executive alex softcover thank you so much for your time an excellent insight today. thank you. time now for a quick break but here because when we return to court has been sloping steadily since its media oric rise to 20000 but recent reports show that manipulation they have played a role in the spike cryptocurrency analyst ben swann is back on the show today to guide us through the trip there ok for what it means for the future and as we go to break here are the number of our fellow.

american men and women choose to serve in the country's military. every thing came to a complete. the day that i was right. you know hold a shot kill me and i see how it destroyed. any screamed at me and he made me come in and you grab my arm and he write me. if you take into account that women don't report because of the extreme retaliation and it's probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is a very very traumatizing happen but i've never seen trauma like i've seen women

who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished than the offender and almost 10 year career or chose very invested in and i gave a sex offender who was not even put to justice or put on the registry this is simply an issue of tower and violence male sexual predators for the large part of target whoever is there whether that's or were. imagine being 635 and you have a career and a career involves using your i phone in your computer and things like that being in an office and perhaps you sort of getting to mix a circular. you could have to stop doing all this in this kind of you lose the minutes must be frank my world became smaller and smaller and smaller until i ended up winning it and the box. are out at

a very strong magnetic field on my head in my head. it's like a real hard pressure my skin burned and that wireless access point there says continues on saying with our students in the schools. we are just continually bathing our citizens in this microwave radiation it is certainly electro small and it's getting worse. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation full community. are you going the right way or are you being led. away. what is true what is faith.

in the world corrupted you need to descend. to join us in the depths. or remain in the shallows. boeing who has been under fire since the grounding of the $737.00 max is making headlines once again this time the company's c.e.o. dennis miller is offering to forego his bonuses this year has been harshly criticized after his testimony on capitol hill just last week lawmakers grilled the

c.e.o. over the $737.00 max crash and rather against his $20903.00 of get this $23400000.00 now this included a $13100000.00 incentive bonus in an interview with c.n.n. b.c. boeing's new chairman dave calhoun confirmed suggested he shouldn't take any stock or bonus money this year boeing stock is up today and has gained a temper cent increase just this year and this also comes as boeing successfully tested its 1st major flight test this week the starliner reaching a height of 4000 feet at 650 miles per hour the 75 2nd test appeared to be successful this was in spite of one of the 3 parachutes that failed boeing officials said the spacecraft was designed to land safely with just 2 and the abort system at the requirements for a successful test the launch was a critical milestone as boeing looks to fly humans to the international space

station sometime next year. occidental petroleum is looking to slash capital spending in an effort to pay down debt from their $55000000000.00 acquisition of anadarko petroleum the company which has large operations in the oil rich permian basin and also a budget of $5500000000.00 in capital expenditure for 2020 down for more than are down more than $3000000000.00 in 20 or 2019 occidental estimates oil and gas production will grow by 2 percent. 2020 down from the 5 percent projected when finalizing the end of darko deal in august the american oil company is also looking to pay down the massive debt it took on for the anadarko deal that was at 43900000000 on september 30th nearly 6 times higher than that of the year before meanwhile in other or oil giant related news sources close to the planned saudi aramco i.p.o. are saying the government is playing to sells 2 percent of the company in domestic listening on december 11th the sources added that the government will also refrain from international listing for at least one year. remember one bitcoin soared to

nearly $20000.00 each well most people who own any crypto do but now a new paper published by the university of texas professor john griffin and ohio state universities and shawms queens run to a record high near 200-2017 was caused by a single market well the study was based on transactions of tether and bitcoin between march 1st of 2017 and march 31st of 2018 the professors have concluded that over the course of that year whenever bitcoins a value drop by certain amounts purchases of the crypto currency on the hong kong based that cynics exchange rose in short the claim from the study is that because price was manipulated by the issuance of tother coins which were used to purchase big question and consequently lead to increasing prices according to one of the study's authors john griffin our results suggest instead of thousands of investors

moving the price of bitcoin it's just $1.00 large one years from now people will be surprised to learn investors handed over billions to people they didn't know and who faced little oversight for their part that fenix claims that the study is not true saying in part the next is aware of a paper falsely positing that tother issuances are responsible for manipulating the crypto currency market that fenix vigorously this buttes the findings. and conclusions claimed by that source which rely on flawed assumptions incomplete and cherry pick data and policy methodology joining us now to make sense of this as investigative journalist and crypto currency analyst and so on then chrystia is out today and crypto currency expert now you are then and then griffin and hypothesis was coined was manipulated was based partly on the theory that these new tethers are created without the dollars to back them and then used to buy a bit quiet and that's leading to these rising prices is there really any evidence

of this. so there isn't really evidence presented so far other than the correlation evidence so what they've done is they've gone back and they've shown you know when the price would begin to dip and then they show the how the the size of the market cap for tether and how to either continue to expand at that time and so they're correlating these 2 things but one of the things that's missing from this particular study is the idea that thousands of people and maybe even millions of people over the course of 2017 began purchasing bitcoin and other currencies as well keep in mind that the end of 2017 go into 2018 you know ether theory of light coin dash report we saw crypto currencies across the board exploding with people who were buying them and getting into them so it's not simply one cryptocurrency that was being affected by this number one and number 2 the idea that it was only being moved by one well i think that's not even not only true but it's not even something you could prove but there are some questions about whether or not one

well did affect the price affect the price absolutely could have happened that doesn't mean they're responsible for the whole thing and then some of the claims of course are that this is tied to that new york attorney general's lawsuit against them for the next $4850000000.00 and they're claiming that's really what this is about is giving fuel to that fire you know it's actually interesting that you mentioned that lawsuit because new york attorney general lateesha james she said. executives participated in a cover up after about $850000000.00 in client and corporate funds allegedly went missing what do we know about that. yeah well that's you know part of the claim that's being made here right is that there was a conspiracy that took place and let me just tell you a little bit about where this comes from it comes from something called crypto capital corp it's a panamanian payment processing firm that given x. allowed to use to some customers to deposit money through their crypto exchange the claim is and it's very convoluted that this was actually

a part of organized crime that organized crime was essentially money laundering using this exchange the thing is is that because the next says they don't deny that happened what they're saying is they were enough part of it that this money laundering operation happened that they were the victims of it and so they're saying we have worked with the united states and also with poland to try to shut this thing down and to present as much information as we know about it so essentially what the new york city attorney general is claiming is that been the next was in on this and working with them and they're saying we were in on it this person used our exchange to maybe longer money but we were not part of it as far as as being complicit. but then isn't it true that regardless of what claims are being made and this paper they coined are crypto currency wells have the power to actually shift the crypto markets for everyone else well they do i mean the reality is this the president came along and people 1st started getting into it in the

early part of the 201-201-1200 extension 0 well you know a lot of people who were gathering large amounts of bitcoin that the time was worth you know in some cases a pity in some cases less than the pit actually started out as tokens that were used for gaming and so you have people who have been able to stockpile enormous amounts of it and then as it rises they do have the ability to sway markets absolutely but but again that is a reality of of this space it is a reality of what it means to be involved in crypto currency but the idea that there is no good in you when the interesting crypto and that the whole thing was fabricated i mean keep in mind the price has dropped significantly from almost $20000.00 down to about $3000.00 but since april of this year it's been rising again it's been sitting around $10000.00 now for several months which means that the point was able to gain back about how full of what it lost during that time is the claim now that all of that is fabricated and all of that is made up as well

they don't really cover that in this study and so that i think that's an interesting question for. ben and before we go today and by the way that is fascinating because you are right that it's gone up and people see this as a real asset class now i mean it's not just it's not just crypto and used for whatever people think it is but i want to bring up one more story before we go today in a separate story that has canadian securities regulators have seized control of the einstein crypto currency exchange the british columbia securities commission announced on monday that they had filed to take over an exchange after the platform said on october 31st that it had planned to shut down in the next $60.00 to $90.00 days the exchange had its unique token and so what do we can you tell us about that . yes so that's kind of an interesting story because the einstein exchange was to take one particular type of token and to convert it into a different ethiopian backed token that's what it was originally designed so the force of most of those tokens that were there were specific kind of token they were actually supposed to shut down this exchange in the middle of 2018 but because so

many people had not swapped tokens they left it open and now that token actually goes away by the way january 1st of 2020 it will dissipate and so that's why they said they were going to shut it down in 60 to 90 days but there is like $12000000.00 sitting in it for people who have not swapped so the canadian authorities seem to say you know you're trying to steal their money they're saying it's going away in a few in a few months anyways and and there's been such a low number of transactions on this exchange that we justified that for that reason so that that was the point of doing that well crypto currency analyst and investigative journalist ben swan thank you so much for your insight and for breaking it down for a while so our expert. you got it. and finally today a story of a young entrepreneur shut down by a donut conglomerate gets a reprieve a college student from minnesota in the united states started a little business for himself jason good solace would drive roughly 270 miles every saturday from st paul to clive i wanted to buy more than $100.00 boxes of krispy

kreme donuts and then he would turn around sell his product back home for between 17 and 20 dollars a box that's about a 200 percent increase with hopes of paying his to wish it for those who don't know krispy kreme sells melt in your mouth glazed donuts but here in the states they are in everywhere and in minnesota the last location closed down more than a decade ago gonzalez started a facebook group that amassed thousands of buyers and everyone was happy that people got their donuts and gonzalez had a business for himself well according to a post on the facebook group over the weekend gonzalez received a notice from krispy kreme that he could no longer resell the donuts citing health and safety concern but worry not boom busters after what we can assume was massive worldwide backlash krispy kreme said good and solid can continue as an independent operator and they will donate $500.00 dozen donuts to his business going to post to the krispy kreme minnesota group that he started going to alice said he is definitely going to need a bigger vehicle for this large of a shipment well that's

a nice story right there what an entrepreneur are right i mean why try to punish the kid i just don't get it and people are driving distance he must of driving if it's trying to drive that long just for krispy kreme absolutely well that's it for you today and for you this time you can catch us on boom bust on track t.v. channel 321 dish network lady are streaming 247 t.v. the free t.v. at challenging 79 or as always hit us up at youtube dot com slash boom bust r t c n x that. i. live. leg.

length. legs. play. live. live . live. live. oh. please. live.

live live. live. and very well might continue watching on since last. and we're going to fulfill repeated promises oh probably to the people i promise you know we've all but the truth. may be a. pretty rock. bottom. pretty good. now you want to work correct that. no.

longer. call me. up. today there are good terrorists and bad evidence the bad news in yemen the united states deems to be a threat the good to those who work in syria the cia and the us military were engaged in covert actions really throughout the world. where they were assassinating populist leaders they were backing up right wing military juntas funding an army of death squads there's no any more because there's always a small. really good. profit.

for headline stories britain's prime minister launches a series of sting. against the labor leader is general election campaigning gets away with this thing could be russian fatal. german. claimed his opponent has been too soft. also coming up in the program. of the us news fulminating against her network for allegedly showing him the shell interview telling the predatory sexual behavior of disgraced financier geoffrey epstein. we have everything. i tried for 3 years to get on to no avail and now it's all coming out and saying.