it threw on that new trade agreement called the u.s. in ca was this is her word imminent president trump has been pushing for this new trade agreement but one of the groups pushing back are u.s. labor unions the same labor unions whose workers were deeply hurt by the way by the previous nafta trade agreement a.f.l.-cio president richard trumka told union members at a convention in maryland on monday evening that nafta had been a quote disaster for working people with maryland alone losing more than 70000 manufacturing jobs quote we've been lobbying the white house specifically on nafta for more than 2 years slowly but surely moving the ball down the field but we are not there yet he said quote let me repeat we are not there yet junko went on to say that getting the deal done right is more important than getting it done fast by the way the u.s. embassy it was signed by all 3 countries the us mexico and canada but a year ago but it has to be passed by lawmakers in all 3 countries including the u.s. congress joining us now to talk about this issue and whether alterman would be good

for workers is former u.s. representative alan grayson allen thanks for being. here so let's begin here with the concerns over the u.s. in ca really being nothing more than just well let's call it this nafta $2.00 which cost american workers millions of jobs so why should american workers believe that the u.s. embassy a isn't just really going to be more of the same. well it is more of the same and there's no doubt about that if they believe that they're right it's 2 or 3 ounces of nothing if we if you reach the point where the most important element of the deal is whether 62 percent or 75 percent domestic content is required the kind of cars being made in north america you're arguing over nonsense so there is only one thing in this deal that actually matters which is the fact that it gives you a path toward repealing that if you're willing to wait 16 years to do it. so now one of the biggest concerns over the u.s. m.c.a. is whether or not it's going to be enforceable and whether it will support stronger

labor standards so what would those stronger standards look like. simply enforceability right now the labor standards environmental standards and the after are not enforceable at all let's say a the u.s. government decides to discriminate against canadian forest products well that company in canada can take the u.s. to court but let's say that mexico decides to completely were neg on its promises to have labor or environmental standards and by the way the minimum wage in mexico is about $0.50 an hour so you can say we're now use a good word to use there's nothing that anybody can do to enforce that and that's been a flaw in nafta ever since it was created and that's one reason why our trade deficit which had never been $140000000000.00 in any year before nafta took place have been $140000000000.00 or more every single year since that took place the things that matter to workers labor protection of our own protection are completely on enforceable there's a group would take a stab at making that forcible and i think back to i think it was 1993 that nafta

officially really kicked in as the ice cream truck goes by the background and so he kicked in a 993 but if you go back to ross perot he was a presidential candidate who spoke about this warning about all the jobs that were going to go away when president trump got elected he spoke obviously a lot about nafta one of his major issues in running for the presidency was that he was going to repeal and fix nafta but here's the thing the u.s. it was a really doesn't change anything forget about you know the trade deficit and all that it really doesn't change anything either about jobs and that seems like that was the point the president was trying to make when he was running right he was going to bring jobs back does this trade agreement do anything to bring manufacturing back into this country it doesn't seem to only if you happen to make cheese because for the 1st time out of this agreement if it goes into effect we will be able to export cheese to canada assuming that the canadian dollar and let's that one go by they haven't voted on this yet i'm guessing that one's going to be

gone. but right you're right there i mean it created this enormous imbalance in the north american economy that hasn't been fixed yet our trade deficit is now running about $2000000000.00 a day and that's the real issue with regard to trade doesn't have so much to do with tariffs or car manufacturing or anything in particular it's the fact that we are borrowing borrowing borrowing at this point about 14 trillion dollars worth of borrowing from other countries simply to create jobs in those countries including america sco including canada including china and that is an imbalance that this agreement doesn't address in the least you have and by the way i want to correct as i said 1903 my producer says it was 94 want to make sure i had that right but look i think what's frustrating about this is when you see all the issues that need to be dealt with in this country and republicans and democrats keep calling this something bipartisan they can work on but from everything that i've seen about it it doesn't as and as you're saying it doesn't seem to really do anything so how is

it that the only bipartisan thing that can get done in washington is something that ultimately doesn't change anything give you the last word here. well that is in fact what trump wants out of this is simply the ability to say that he said he was going to renegotiate i mean really go she did no matter that it ended up being the same what she wants is something fundamentally different she wants to see a road map to end nafta she wants to see labor agreements and environmental groups being enforceable she wants to make the thing better and she's going to give trump as little victory party for the sake of doing that i respect. representative alan grayson appreciate your time your expertise on this thanks. ali baba will close its order books early as a secondary listing in hong kong have been multiple times over subscribed the e-commerce diet will be issuing $500000000.00 new shares plus

a $75000000.00 green shoe option and a $13000000000.00 sale so why is it pushing through with a secondary listing now basic level this fresh capital injection is dry powder to sustain growth and drive user engagement at a time when both the chinese and the u.s. economies are slowing down on another level heightened tensions between beijing and washington have increased concerns that ray dollars prediction of an imminent couple to war could be on the horizon earlier this year there were rumors about a delisting of chinese stocks at u.s. exchanges and ali baba shares have also remained undervalued and discounted to amazon the local favorite on the us market despite having comparable bottom lines amazon's $2800.00 net income reported $10100000000.00 versus ali baba's $9200000000.00 just a difference of $1000000000.00 however amazon's capitalization is almost double that of $880000000000.00 versus $490000000000.00 its decision to push ahead with hong kong listing despite the increasingly violent riots have surprised bankers

that appetite remains healthy the i.p.o. has also attracted significant interest from asian sovereign wealth funds and institutional and that helps to send the message that home. call it still functioning as an asian financial center the offering could potentially put hong kong back on track to retain its listing crown for another year beating out new york who year to date raised 32.5 $1000000000.00 really do you think wins that i mean obviously is much larger but amazon it seems like branding wise has just been more successful well that goes to show that they have 2 very different markets amazon's primary market is more so b. to c. . b. to b. and manufacturer so that's also 2 very different things and ali baba is making tremendous progress in the cloud computing front and that's pretty much where you see the big difference amazon's net margins the margins are probably only about 7 percent. margins are at 20 percent and that's what accounts for the huge difference a big big difference there time now for a quick break but don't go away because the privacy protocol middle wimble you

should stick around just for that name should no longer be considered a viable alternative to casual narrow when it comes to privacy we're going to tell you what one research analyst found and what it means ultimately for privacy and they do it scrutiny continues over to the wildly popular app is now pivoting to other countries we've got that report straight ahead and as we go to break here are the numbers at the close. financial rung today we're going 1st to this is 3 different. we have our 3 of. them from your something in america something over the cayman islands well these banks are complicit in the just have to. do some.

ok let's say you know we did well we've got a nice. jewelry and how. much. 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 so. direct. what is true what is right. in the world corrupted you need to descend. to join us

in the depths. or a maybe in the shallowness. of the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been faithfully implemented for inside venezuela things move different we're going to announce sanctions against petroleum to venezuela associate. in the school of a supplement to fly down person political battle to stay on the path to the madness of the moment the focus of the who story isn't new nixon called in henry kissinger to tell him that it would not be tolerated that in latin america an alternative economic and social system could take hold and therefore the policy

would be to make. the chilean economy scream so wants and making the economy of venezuela screed. and i mean i'm on the phone entire system i found a way to go through a food. bank itself movie theater i. was in this way got to talk so hard not to think of the mother disappeared this moment then look at the paperwork and i'm going to start then if. this is the only thing that we do is music because everybody fights his way. through are you convinced of the 50 pound is worthless woody allen you have called the ability to put a hold on the. what i think is this is the fans that is

a constant. remember wimble of privacy protocol has been broken by research analyst ivan bogey who publishes revealing how he was able to anonymize 96 percent of all ground transactions i haven't concluded that nimble wimble should no longer be considered as a viable alternative to z. cash or minera when it comes to privacy now 2 clients have implemented this protocol grin and being so to simplify remember one will works like one big coin join across this method for combining multiple payments from multiple spenders into a single transaction before adding it to the new block like a big mixing pot this purportedly ensures anonymity and all transactions that end

up on the same block but i've found that if you attack the transactions as they're being broadcasted to the big mixing pot to be mixed you can unwind the aggregation grid and was apparently aware of this floor ready and have been working on solutions that have not been yet released on the report is down 10 percent and being down 6 percent i have been further suggest that number one will could be combined with another privacy protocol that conceals the transaction graph altogether as it seeks to integrate and establish privacy features for the like point network and that's probably word has the biggest issue right now right is because as it develops for like calling when you say privacy it has to be able to truly be private but at the same time it can't just be private at the final point when when the transactions done the coin as you mention it has to be able to be private all the way through and that's difficult to accomplish exactly so there are inherent flaws in all the privacy coins that are currently in existence or 3 largest ones are going to be easy cash dash and narrow. dash dash being very

centralized power is the cash so far is the best but what it does what it what it is so strong in this computing power and its aggregation system makes it very expensive and it makes the network very. well so that's kind of like the downside of the cash dash being very centralized other than that dash is a fine option and if you're like me and they like that and then now does have a couple issues with their network as well because they they run in the same pounds of coins and it's not entirely anonymous we can argue about that more later because i'm sure we will global taxes big tech companies. it's coming right but in the meantime a number of european countries are creating their own digital taxes for tech giants one of the latest the czech republic which is looking at attacks on companies that have more than 7 $150000000.00 euros in global revenue and reach more than 200000 user accounts we know who we're talking about the tax still needs to be confirmed in parliament but if it goes through the czech republic would join other e.u.

countries that are trying to rein in international tech giants because already both italy and france have started implementing their own digital taxes after attempts at putting together an e.u. wide tax filled last year and joining the saudi discussion 74 which board member with the british american business association hilary glad that you're here to break so there is obviously this increasing push right to really resolve taxation in texas tech giants we're talking about facebook and amazon apple google part of the reason for that though is because of the way these companies shift profits around the world in order to minimize their tax bills correct yes absolutely in fact it's so common that it's actually known as double i. have been to make of problems and i believe can be linked to very simple problem. and some dog owners so heartbreaking stories about their pets street the larger corporations are not very interested in proving or disproving the value of their food because they're already making

a good $1000000000.00 on it and there's no reason to do that research. the tense situation in venezuela is all over the news the problem in venezuela is not that soche. has been poorly implemented but that socialism has been only implemented inside venezuela things are different we're going to announce sanctions against a troll to venezuela socio. political moment to. get out of that. data to see on the path to the mad moment the focus of the who story isn't new nixon called in henry kissinger to tell him not be tolerated in latin america an alternative economic and social system could take hold and therefore the policy would be to make. the

economy scream so wants and making the economy of venezuela screed. i'm going to fulfill the repeated purposes of politics to the people and come on you know we've all pots the. bread pretty. much. you want to 1st. know.

all. the below yeah yeah them belong to me so there's enough to stop the song to. put a monument to you stuck in the body like the screen be used to see disconnects he thought the. car good point him for months did the feeling not to mope on a little which. donna suspects ill and downs of the body loses that you possibly should message will. be like the infant i don't want to be could not you know looking in on ya.

dr dhar. article on the bridge. was tackled the global economy sanctions and relations with the united states of russia. how she sent a military police to kill us like animals we're not animals for them to kill us like now on the. 27th of the country self-proclaimed leader gives the security forces impunity and it comes to dealing with the us. talk of a university by feminist artistic after she's accused of being transferred we hear from the artist herself. it was ridiculous i mean i'm talking about art and i don't believe i said anything trying to transfer i mean we're having

a discussion based on those.