this rising debt level that has absolutely no signs of slowing down has been flagged by economists as one of the biggest risks for the economy and probably the next breaking point and right now as you point out this is a combination of both government debt public debt as well as private debt and the private debt is even more concerning even though government debt that's the most attention private nonfinancial day in the u.s. is at 27 trillion versus public debt is at 19 trillion and the reason why private debt is so much more dangerous is because it's more problematic is because public debt has more impact on the economic and economic landscape sure right now if you look at the past the roaring twenties the japanese boom of the eighty's and most recently the u.s. in the early 2000 what did all 3 of those have in common so huge levels of private debt low relatively low public debt but huge huge unsustainable levels of private debt that kind of just funded the incredible binge and rise you know there's also been a study in the moment not just of this borrowing taking place right because it's really borrowing money that doesn't exist but as part of the central banks have

been holding interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and that's actually that's what's been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply indebted companies that 'd are actually using debt to pay off equities so they're kind of just like borrowing money just to prop of your own share values and that's been working because you've seen the massive equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick federal reserve just injected another 104000000000 dollars into markets overnight again on thursday and ran over night into friday the federal reserve is just a huge part of this right continuing to dump cheap money at lowest interest rates and it's not good for the economy unless we're not only that but they also include $28.42 day term loan repos into this agenda and that's the new news for right now so they've tried to inject money into the system consistently. that has not solve

the problem so now they're extending the term and trying to increase more liquidity and right now the most worrisome part of all is that they've made this the new normal so what's going to happen when they take their hand out of the banking system but right now they can't i think we all know europe. amazon is saying not so fast to the pentagon's $10000000000.00 cloud computing award to microsoft claiming that the process was not fair it was just over 2 weeks ago when the defense department announced that it would award the $10000000000.00 cloud computing contract to microsoft's cloud computing powerhouse. it was a surprising moment as analysts thought amazon would definitely get the contract now amazon is claiming unmistakable bias thursday. as he said that amazon is contesting the war that's a contract it was based on politics saying that the d.o.d. could not objectively awarded the contract while president trump was disparaging one of the contestants back in august president trump said that amazon's bid for the jet i contract was under review by his administration because of complaints

from other companies it is true that the president however has criticized heavily amazon owner jeff bezos the company released a statement saying numerous aspects of the jet i have allegation process contain clear deficiency errors and unmistakable bias and it's important that these matters be examined and rectified. giant tech companies are now getting into the finance industry concerns lingering over the lack of regulation for these social media platforms continue and some even wonder if personal information including political beliefs or even gender will impact someone's finances r.t. correspondent atocha sweet takes a look at what the new trends are in the works for these companies. google announces it will begin offering checking accounts next year then moe will be launching a credit card in 2020 well facebook is one. a new payment system after companies

bailed on their labor project but with ventures like the apple cart already facing harsh scrutiny it'll be interesting to see where the market goes some tech giants have already entered into the finance industry google is making the boldest move yet set for checking accounts to consumers next year called cash the project will be financed through citigroup and the stanford federal credit union but concerns are circulating as silicon valley leaders like apple and facebook have already encountered issues in the banking world this as consumers are worried about just how much personal information these social media platforms are collecting and exactly how secure their information remains but a google executive said in a media interview they do not intend to sell consumers' data cesar's and group a says if we can help more people do more stuff in a digital way online it's good for the internet and good for us but not everyone is jumping on board former governor and current democratic senator of virginia mark warner says i'm concerned when we've got whether it's libra or the google proposal

these giant tech platforms entry into new fields before there are some regulatory rules of the road because once they get in the ability to extract them out is going to be virtually impossible as new ventures begin some like the apple cart already off to a rough start tech entrepreneur david heim or hanson tweeted the apple cart is such a sexist program my wife and i have filed joint tax returns live in a community property states and have been married for a long time yet apple's black box algorithm thinks i deserve 20 times the credit limit she does steve me at co-founder of apple responded to the tweet saying quote i'm a current apple employee and founder of the company the same thing happened to asked 10 times despite not having any separate assets or accounts some say the blame is on goldman sachs but the way apple is attached they should share responsibility then most will be launching its 1st credit card with synchrony bank next year the

idea is looking to help them move generate more revenue the mobile payment service use as an app is an arm of pay pal's said to be profitable secretly bank already finances e bay and amazon i actually don't know if libor is going to work. but i believe that it's important to try new things and islam as you're doing so responsibly that's what has made america successful and it's why we're tech industries let the world not everyone was convinced that facebook's idea of a global payment system known as libor was a good idea but mark zuckerberg isn't letting regulatory concerns given the way of facebook jumping into the finance industry the tech giant is launching facebook pay this week the initial use of the payment system will be used to send money to friends shop for goods and donate to fundraisers over time facebook plans to incorporate facebook pages into instagram and whatsapp well the notion of big tech jumping into the finance industry could offer many potential benefits such as promoting associated gains in economic activity there are also some major risks

involved in addition to consumer protection some analysts point to big tech companies utilizing data from their existing platforms some say this could spark rapid change in the financial system ultimately reducing competition in los angeles and just suites are. a lot of red arrows on the board today as why growth remains elusive despite continuous attempts by the central banks to intervene let's see how we ended up to start the most ended the week down as g.d.p. growth of 3rd quarter came out 1.7 percent below the ministry of economic development early estimate of 1.9 percent growth was mainly supported by agriculture in my knee and there is concern that economic growth over the next few years will be impossible without new capital investment over in shanghai the composite fell on friday to end the week lower with the country's blue chip index posting the biggest weekly decline in more than 3 months amid uncertainty around

the china u.s. trade deal interesting how uncertain china is about a deal materialize and how certain the u.s. seems to be when both sides have to agree and sign investors are now looking for. more clues on beijing's policy support in the midst of a slowing economy the composite shed over 2 percent making it the worst week since september 27th over in hong kong the markets continued to fall as riots and chaos engulfed the city the violence has now escalated to a new cadence as this week a man was doused with an accelerant and set on fire for talking trying to talk and reason with the rioters short selling is back in fashion with the futures open interest rising to 7 months high to over 144000 the notorious head bass's back hammering away at the peg over in japan the nikkei fell less than one percent as high beta shares those that are the most sensitive to economic cycles slumped on trade uncertainty and the sluggish business environment japan the world's 3rd

largest economy after the u.s. and china expanded point 2 percent in the 3rd quarter weaker than expectations a large part was due to lower exports and the effects of a weaker chinese economy over in india the sensex was also down for the week following the downbeat in asia on monday india's industrial production shrank for the 2nd consecutive month in september to 4 point 3 percent making it the worst performance since 2012 the contraction was mainly due to poor performance in the manufacturing sector as cyclical still remained weak. in australia the aztecs eked out some gains as tech named jane their winning streak for the 7th consecutive session gold mining also rose as investors sought the safe haven of precious metals amid uncertainty over the phase one deal and finally the all shares were down after a raise agency moody's slashed south africa's economic growth outlook for 20221 percent and reduce its outlook from stable to negative due to the unsustainable government debt now over to bent's one for the rest of america and europe thanks

for that let's go over to europe right now that is out the. even talk about the u.s. china trade talks continue to keep european markets pretty much on germany's dax rose point 2 percent for ages. francis calc excuse me gained 4.4 percent those shares mostly rose on friday after u.s. government officials said that they were getting close to an agreement with china to cool tensions over trade over in london the footsie traded down after the opposition labor party they widened their electoral campaign promise to renationalise big industries they do have a plan to take over parts of broadband and that provider bt to offer free internet shares in bt the former state full monopoly they were down over 2 percent over in brazil the evil west is down following 1.78 percent interest in some analysts here point to the release of an x president of brazil lula walking free from jail after the supreme court defends and explains the convicted people will only be arrested quote if they have exhausted their appeal options and quote that may have impacted

the way the foreign investors are now viewing the country the b.m.v. they traded down this week after it got off to a rough start but they had to make a pretty serious comeback over there in mexico for the past few days because the mexican economy is seen a bounce things to news that the u.s. trade agreement with canada and mexico could be approved even still this year in the united states 3 major indices they have once again hit an all time high the dow jones hit a fresh record high on friday after white house economic adviser larry kudlow said that china and the u.s. getting ready to close that trade deal the 30 stock average traded 150 points higher or point 5 percent the s. and p. 500 the nasdaq they made new all time highs climbing point 6 and point 7 percent respectively and in canada the t s x also traded up this week up by about 0.31 percent canada's main stock index continued its journey really into record territory with games in the key energy and material sectors it also helped to offset losses in the health care sector that includes big names in the cannabis business and that is your global market wrap for

the week. time now for a quick break but hang hammock as well. but this guy's a viking app which they have not allowed i phone users cannister operate without them now. 50 officially launched extremely application guarding millions in just one day but could this mean for netflix hulu and even traditional cable companies well get into that later on as we get a break here the numbers at the close. time after time to repeat the same mantra sustainability it's very important.

transition sustainable transport sustainability. more equitable and sustainable. they claim their production is completely harmless. it. companies want us to feel good about buying their products while the damage is being done far away this is just. under. your government and our government and all the other major governments of the world

know what's going to them when it's go. but they haven't told you and they haven't told me they haven't and they'll. imagine something as big as the earth is going to try to. waves earthquakes volcanoes are wrapped and it's going to chill. so very for a while right. my great grandfather's quote. nobody would care about the law or prison so you'd have wallace though should have. a terrible life between now and the. good food descriptions sound up to tell using even for the owners so how to choose just pet food industry is telling us what to feed our pets more based on what they

want to sell us and was necessarily good for the pet turns out may not be the best people believe we have animals that have you know diabetes and arthritis they have auto immune disorders allergies we are actually creating these problems it's a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets streets to larger corporations are not very interested in proving or disproving the value of their food because they're already making it a $1000000000.00 on it and there's no reason to do that research.

so it might be one of the most single important stories ignored by us media the brics alliance and the efforts by 5 nations brazil russia india china and south africa to cut the u.s. dollar out of the nation to nation trading thursday the bric summit wrapped up in brazil and some of what those leaders of those 5 nations had to say is pretty telling. i would suggest to increase the participation of where credit is offered in local currency i believe that it would reduce costs and risks and would strengthen our courage to use bonds. so that in our next summit we can reach the goal of $500000000.00 of commerce intra brics we made a commencement the. and should benefit not only bricks member countries but should also be able to extend its horizons to the emerging markets and developing countries like our own countries or brics

leaders also discuss creating a digital currency or even a crypto currency which could be used to get around the swiss banking system a u.s. dominated system for transferring money internationally. facebook is under fire yet again this time for him a day its members privacy it turns out that the social media giant could have been sneakily as a i phone's camera while using the facebook app at least that's the case if they're using it on an i phone our taste try to chavez explains. i phone users beware it appears that a system bug is allowing face but to access users i phone cameras while they're using the facebook app scrolling through their fee the news now sparking fierce reaction i don't think it's that bad i don't normally is right facebook users took to twitter saying that their phone cameras were activated automatically whenever they were using the facebook app that's an invasion of my privacy i mean that this is also a media we don't see that one user joshua maddux tweeted out this video showing that when he scrolled through his social media feed the app would actively use the

camera he said found a facebook security and privacy issue when the app is opened it actively uses the camera i found a bug in the app that lets you see the camera open behind your feed note that i had the camera pointed at the carpet earlier this month several other users spot of the bug one user posted this video and said today while watching a video on facebook i rotated to landscape and could see the facebook instagram story u.i. for a split 2nd when rotating back to portrait the story camera at you i opened entirely a little worrying facebook confirmed a bug in the latest version of the i o. s. up the company said in a statement we recently discovered that version 244 of the facebook i.o.'s app would. incorrectly launch in landscape mode in fixing that issue last week in v $246.00 launched on nov 8th we inadvertently introduced a bug that caused the app to partially navigate to the camera screen adjacent to news feed when users tapped on photos although the company submitted

a fix to apple users are still outraged some even considering closing their facebook accounts yeah i might be thinking of closing my account i don't like my rights being violated it makes you want to shut off facebook i don't want anybody getting it's my private information like that that's invasive absolutely not meantime until the fix is completely approved experts are warning users to revoke a camera access for the facebook app until the update is available now this is just the latest scandal that facebook is battling as it tries to win back the trust of its users after a series of privacy scandals that have occurred in recent years including eavesdropping on its users through phone microphones in order to better target advertising all of the company has repeatedly denied those allegations reporting in the orchard of each others are to. the others people said they were mad they're going to get rid of facebook or will

they the world of entertainment is in iraq this week for the launch of the new streaming service disney plus in the u.s. canada and the netherlands tuesday morning users flock to their streaming devices to log in for the 1st time you know the disney people but what brought them to the house of mouse is new platform how big was it wall wins they get this the company announced they had reached 10000000 users in just 24 hours that is a metric that analysts report took h.b.o. now 4 years to reach this is been a huge winner for disney with their stock price increasing by $11.00 points this week meanwhile starwars streaming giant netflix witness a drop of as much as 12 points this week so what is the plus mean for the streaming landscape and really more importantly here what is the. hold for the future of the sector which is that she just looked like boo must producer joins us now to talk about this brett obviously you're a fan of business that's right you have one of them a bit of media this is one of those people who got into the 1000000 but look it seems like disney plus other than

a couple little things here in the very beginning they roll this out the right way yeah absolutely and i mean look it's an easy winner they have generations of support from people around since the fifty's making great content actually before then but making great content and all of that all of that but most of that content is available on their service so it's easy for people to sign up get in and they offer these great deals 1st off it's only $699.00 to start if you just want to pay right out of pocket but if you have rights an unlimited subscriber here in the states or abroad you can get it for free for a whole year and let me just say when you have kids ready to do so they all know it isn't if they're watching their disney their marvel their cartoons whatever they might be watching and then a year olds by the you get that free. deal wears off sure you think you have trouble at home if you try to get it all that read it i think you might so i think that's where there is like a drug dealer the 1st one to tell it to me and then after that and only glitches thing i think that really helped them out too is it worked pretty well on day one you know there are some crashes you know we kind of have a little bit of an issue and one of the big ones they had was with the simpsons because they require that during the 20th century acquisition or 20th century fox

acquisition well those episodes are now all cropped and do a widescreen format rather than the normal 43 format so those plans are a little upset but mostly went very smoothly and everybody is able to watch the content they want to absolutely sign on more than 10000000 american cable and satellite sky have actually left their services since 2012 so what are those mean and the new players and streaming that includes like hulu netflix amazon prime what are they doing to cable privacy well they're hurting them like you said they're losing 10 or they've lost $10000000.00 subscribers so far and that's only going to continue no i don't know that disney plus plays that big of a role in all of this because it's very nice kind of like the old school netflix was when it started it has a lot of great content but you know if you want live sports or something like that you're going to have to. go elsewhere there are a couple of things to point out here and i wanted to make this i took some notes here the average cable subscription costs about $107.00 per month if you have amazon prime video h.b.o. now netflix hulu and disney plus you're only misspend $60.00

a month but if you don't care about live entertainment or live news you could do that for almost half the price now i think there's a big one that we're going to see that's going to actually hurt our cable providers is h.b.o. max yeah they're going to watch in may of 2020 and what they're doing is they're giving a deal where you get it for free if you have h.b.o. now which is like h.b.o. go comes from your cable subscriber and you have a cable subscription but you get it because if you like it well yeah but h.b.o. now you're buying it directly through h.b.o. so the theory here is that what they're trying to do is to couple themselves a little bit from that cable provider because why do they want $345.00 for each subscription when they get all 15 from every single one and i think that could really hurt the cable subscriber yeah you know it's really interesting because this is the obviously has the catalog right of content and before doing this as you said they've already they acquired the simpsons they took over the star wars franchise is a marvel franchise i mean there's so much content that disney holds but doesn't that up the game for everybody else in terms of the need to invest i mean netflix has

already investing billions apple plus just up the amount that they're looking for in terms of original content to $6000000000.00 it's a good time to be a constant creator absolutely but of course there's only so much good content i mean when we thought that before but now look how much great content there is all over but i think one of the issues that you're also seeing here is look at those it will go back to the cable companies look at them comcast they are purchasing they purchased universal they purchased n.b.c. so they have now they're going hey we might have to get subscribers on on our systems however we can still provide that content and they got involved with warner and h.b.o. and so they're doing the same thing so there is i mean this is a boon for the entertainment industry and i don't think it's slowing down i mean obviously you've seen the next netflix way in and. little bit because they don't want to they don't want to spend as much money because sometimes things are really winning for sure remember 2 in d.c. universe is going to have their own streaming and they've already taken the office back number one show on netflix is the office which who would have thunk that.

they bought a friends they bought of south park from hulu so those are the big 500000000 dollar deals i mean that's a big deal absolutely or to producer bridgeboro thanks so much for your time thank you. another big step for blocking technologies as walmart canada which as the name suggests is wal-mart's canadian branch has rolled out a block chain based network for the freight and tracking payment management this is one of the very best examples of a non currency application for block because it allows companies like wal-mart to track supply chains and logistics data in real time aggregating the data between wal-mart canada and it's a 3rd party trucks on a shared ledger according to john baylis the senior v.p. of logistics and supply chain wal-mart canada he explains the value of block change saying in part block chain is enabling a material advance in our smart transportation network with x. but i do payments expensive cost savings and i'm other benefits among our supply chain moreover this degree of improved efficiency represents a powerful platform for us to continue to reduce our environmental footprint and

continue our leadership in the environmental sustainability and watching will soon be used by wal-mart corp here in the u.s. recently the company announced that it would use block chain tech to track its indian source shrimp to select locations of sam's club stores in the u.s. yeah that's a very big deal you know good for the mind and the blender it has a company that does this and he 1st told me about it this is how he described it imagine being able to follow either you know shrimp or produce and have. changeable and alterable ledger that tells you exactly where it comes from how fresh it is and where it gets to that does not exist in the industry until now with launching a fascinating that's that's it for this time you can catch bill must on directv. 321 dish network out to 80 or so me 247 i'm going to need a free t.v. i mean i always are going to you tube dot com slash boom bust r t we'll see you next on.

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as bozo the clown was in with the quote as soon as you got to send them. all just so you don't know many of the young they have. deiced so much smoke the soup. still so not to sing on. such and such. and. so we've got to do is identify the threats that we have it's crazy going for him do you shouldn't let it be an arms race. scary dramatic development only really i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk.

the world is driven by a dream shaped by one person. thinks . we dare to ask. i'm.

pumped full of. tear gas a red yellow vest that movement marks its 1st anniversary with directed against the french government also ahead. tensions rise in bolivia with 5 supporters of ousted president morales reportedly. in clashes with police. a former us to ukraine. report on how americans are losing interest.