this is a boom bust broadcasting around the world and covering all aspects of business and how it affects our daily lives i'm christiane washington and here's a look at what we have and door today to go on paper take yet another turn as japan has issued an arrest warrant for gold why we take another look at this winding case in addition you take a look ahead to the euro zone with hillary well it's the big american business association. take a step over to the euro zone where we're joined by steve keen from the amsterdam to break down the newest figures on the u.s. trade deficit and how the stat has plummeted in recent months and later we are on the ground of the 2020 consumer electronics show where bloomberg friends are for bringing us up to speed on some of the latest developments in the field of security system so much to do today about so little time let's get right to the news. japan

is stepping up its counter offensive against carlos going after his escape to lebanon has now issued an arrest warrant for his wife carol goan the arrest warrant accuses carroll of falsely claiming not to know or have met the people connected to a company that received payments from nissan that was then subsequently transferred over to a firm owned by carlos after carlos as a rest she was prevented from seeing her husband because authorities believe she had been aiding him in a covering up for his crimes in japan who is also seeking carlos' guns extradition from lovett on although the country does not currently have a treaty with japan going skipped bail to in december to board a private plane and escape to lebanon where he is a citizen he now plans to hold a news conference on wednesday where he said he will reveal quote actual evidence that proves that there was a coup to stop him from murdering nissan with or not he said that he would identify people at the news conference that he believed were behind his or. our financial

misconduct now this will be the 1st news conference for mr gone since has a rest in november of 2018 and the saga continues now here to help us break down all the jewish info in this whining caper we're happy to welcome back hello for which board member of the british american business association. so hilary thank you for being here now to start out there is a lot of news with carlos ghosn which has now become some of somewhat of an international affair so japan has now issued an arrest warrant for guns wife carol which according to the wall street journal is rooted in a suspicion of perjury so what could the bureau and the entire investigation what obviously is going to throw a wrench but actually when you look at the timing remember it was because he announced that he was going to deliver a press conference on tomorrow wednesday that they suddenly arrested her so it's sort of like weird timing on that if they were so concerned about her why didn't they arrest her previously also they were able to see one of her passports but they didn't seize her u.s. passport that was when they searched so the suspicion is also what they want to do

is they want to have the u.s. extradite her because they have a we have a trade and extradition agreement with the japanese whereas lebannon doesn't so there's a lot of factors here involved and yes she's a accuse the poetry on both of them are accused of things by courts that have a 99 percent conviction rate so what go on is basically saying is this is not a trial this is a rigged system this is a political system and he's also said that it is press conference he's going to release information about the fact that this all executives have been cooperating with prosecutors so what can we can we expect from this news conference on wednesday i think with the lizzie and i think it's going to be highly anticipated event you know we'll all be watching it i think the issue you're going to see is you're going to see that he's going to be revealing some really sensitive information as i mentioned you know that some executives have cooperated with the japanese authorities they did not want the deal with reno to go through that is really the crux of the issue and it seems that they have trumped up charge. however

one of the charges is that he funneled funds from nissan into another company and that that company then kind of gave him a kickback in other words he was taking more than his salary from new proceeds and so that's what he's being accused of of which of course you're talking about legion eyes so let's hop over to the euro zone real quick where boris johnson is now hosting the european commission president ursula van dillen as well to do. so now given that these talks are going to be very crucial because the u.k. is still set to leave the e.u. come january 31st so what can we expect to come out of these negotiations with a couple of things actually i think it was the daily express who was saying that you should expect a love from boris johnson i mean it's a very different situation than it was a treat to me of course he's empowered we all know that he had an 80 seat majority in the recent election he is very empowered by the british public to do as he says he's going to do he ran on a no nonsense exit from the e.u. so he's running on the there will be a brics it on january 31st now ursula von laden on the other hand was he being

german she's actually a doctor and a mother of 7 so any woman that has a mother of is a mother of 7 children so you can negotiate but what she's there to do obviously even though she's with the you one thing that's very interesting as she worked with uncle immokalee for so many years and her cabinet she's very familiar with the pressure from german industries to to make a deal so both parties don't want to have a crushing out they don't want to sit neither party wants to have to go turn to the w t o she can stand and so what i predict is both want to come out saving face so he wants to come out definitely by the january 31st the reason the e.u. and slow want to want the exit of the great britain to stay in is because of course dues are 11000000000 if they can in any way extend the u.k. staying in the e.u. they will retain that 11000000000 in fees those $11000000000.00 all going to be replaced by any nation so ho job is to make this a smooth transition show. try to extend he'll try to keep it tight and i think

you'll see them both coming out making concessions the one thing that empowers boris johnson actually even more than the election by the british public is that don't trump wants to do a trade deal so his trade secretary of mistrusts urged him to do both at the same time concurrently the e.u. and the us so if he does that and he manages to get a great us trade deal the e.u. will be jumping and desperate to have one so i predict he's going to hold fast he can hold steady and she's going to do everything she possibly can to appease him she has she has no strength behind her otherwise a lot of moving parts will be sure to keep updated hillary forward to the british american association thank you so much because obviously. the intelligence community is bracing for an onslaught of cyber security attacks from the assassination of iranian general soleimani did last week

a group claiming to be the iranian hackers defaced of federal government library website with an image of a bloody president from the department of homeland security warned that this is only a hint of what iranian cyber army one of the most sophisticated armies in the world is capable of it has a long history in cyber crime with the ability to target critical infrastructure from financial services like banking to health care and utilities bank of america j.p. morgan wells fargo and citigroup have all been victims to ron's attacks and in 2014 las vegas sands was attacked when c. sheldon adelson worst support for israel the global business of cyber security spending is estimated to have reached $124000000000.00 in the 4th quarter but even with all of this defensive spending studies show that cyber crime cost the world half a trillion dollars in economic damages and 2018 now this is far greater than the $300000000000.00 in losses from natural disasters all fortune 500 companies have been put on notice as they could ease. really become collateral damage if this geo

political crisis escalates. and now to give us the macro outlook we welcome back steve keen professor of economics patriotic so say 1st off let's start with iran and the u.s. tensions have now escalated and they're rising as we speak as a raw national security council said that iran is evaluating a 13 possible retaliation on the us so what could this possibly entail as companies now are all bracing for out for some sort of cyber attack. all of the sauber attacks can go virtually anywhere it's it's not you know because of the tanking everything in writing code like it's really a question of knowing you've got some songs that are vulnerable and you haven't been using those thoughts and now you have the motivation to go ahead and try to push them so there would be a list of top simply you know in america would have been as well frankly as more playing what any other country on the planet saw sort of on what they can get into a man if i were sure and they in fact i know that the americans did that some parts

of the iranian nuclear if it the last 15 years so that we're doing the same thing back the trouble is that we know the extent to which i call this is driven by the so i was just some of these days so you can find it on her abilities and you can shut down bank accounts you can cancel contracts you can scramble documents. a range of possibilities i notice there's one recent blackmail attempt happening with a i think it's one of the travel. check exchange systems there on a 6000000 dollars black miles down the back against that sort of thing. now market reaction despite these threats have been quite muted considering the fact that these there are massive geopolitical implications and the potential fallout stocks are little changed today and despite a flight for safe the assets and best are seem to be downplaying the importance of solo money why do we have such a lazy response on the market. the market always has

a line as you respond so people think the news draws them not one of the best critics of the of the markets here it was a comical blog hagen and he's a wonderful analysis of about 100 years of data shaking when there are big incidents and looking at the big movements in the stock exchange and you get initial slike and full on small coming out of the out of any particular piece of news and by the end of the day it's washed out and it's mainly dominated by the direction of the speculators with the speculators so you don't want any trust of the real news in the market is the market is functional idolise house. now we also have a little bit of a fallout now between us and china as despite the january 15th deadline looming closer china still remains vague about how much it will increase purchases of u.s. ag that in fact the vice minister of agriculture confirmed that import quotas for wheat corn and rice will not increase so how will a phase one even get fined if there is still disagreement over import quotas are we going to see this entire thing fall apart at the 11th hour again. i think most

likely oh yeah i mean the real problem is there's no way america can be competitive with its manufacturing sector alone as the world's reserve currency and so what trump is trying to achieve is always going to be impossible and and the basic response of people with 800 electron rissa turn their attention away from america as an export ban destination and start looking at europe a still as well and given how annoyed a new year is by justifiably with how trump is that i was as president they're going to go from the chinese access route and oppose it that's going to stick in quotes around 5 you know highway you idea pronounce of course. but this is just the other road direction so the fact that we are going to get a phase one was pretty much all responsible for the december santa rally that we saw at the end of 2019 if we do have a fall out come january this will be a terrible start to 2020 what do you expect the rest of tone to be for the rest of the year. oh does that mean in terms of the writing as the ocean of the saying all

things a song and dance act that leads nowhere with the stock market the stock market is dominated by the federal reserve and so long as the fed reserve is trying to rescue it from folding which is which is being doing it ever since the crash at the end of last year. and and then also the repo market calamities that focuses are going to be hitting them pushing up the financial sector so i think their behavior is going to out well anything that happens on the trade front so that affects the stock market. now imports fell one percent in november and the u.s. mainly attributed to china and now the u.s. trade gap is the lowest in 3 years and trump has been quite proud of this but is this something that even worth focusing on as many economists have argued that trade deficit is not itself a problem and is merely the result of a strong economy what do you think real quick. well the trade deficit is probably driven by a stronger economy definitely an american get away with an indefinite trade because it's the world's reserve currency and in fact it's almost guilty even when you are

there is a currency if you will have to manage your own currency about and beyond what's necessary to buy your goods so you are going to be valued. this. you see it's not a worry it's a sign of that in some ways the stimulus that trump was putting into the economy bear in mind that even though the most when he was in power fortunately what he's done in office is to run quite a large substantial government deficit it's mainly going to the rich of course but it's something which human life the economy gets and it's actually a sensible thing to run the deficit much. steve came professor of economics on page one thank you so much. from. telegram is still battling the f.c.c. after the regular attacked and filed a lawsuit to halt the launch of the telegram open network known as tun claiming that the i.p.o. constituted an unregistered offering of security now in the latest the f.c.c. as the district court of the southern district of new york to order telegram to

provide documents and bank records of investor funds and show how the $1700000000.00 were used now let's think about that for a 2nd how is this relevant to the case of determining whether or not the $1700000000.00 was an unregistered security offering or not it's not which is what telegram is arguing as it refuses to disclose these highly sensitive bank records saying that it has little relevance to the case in question good on them for i'm defending investor privacy now joe. kevin pastel in new york also happens to agree as a species request has now been denied telegram continues to emphasize that graham is not an investment product and not a security and therefore it is outside of the f.c.c. has jurisdiction and that this entire lawsuit has been an unbounded fishing expedition as the f.c.c. has no grasp on the nuances of how the tongue network operates. time now for

a quick break but hey here because just on the other side of the break we are on the ground at the 2020 consumer electronics show where boom bust sprenger war brings us up to speed on some of the latest developments in the field of security system and as we get a break here are the numbers at the close. so what we've got to do is identify the threats that we have it's crazy from day shouldn't let it be an arms race is also a spear a dramatic development that only really. i don't see how that strategy will be

successful very critical. to sit. in. jail for it if she warned you probably than i did the dishes at the bottom or those jeans nudist beach near me we need to be true. about that and when you. get on the. mini's i mean that is where that infantry ball . a lot of you will see sawing your present parts of who can teach out to both sides. but as a needle through. the. god. they were days doing these. people

who simply. so these terms inflation deflation they tend to hand the connection between the finance economy and the real economy and sometimes the finance economy gets out of hand and you have crashes and sometimes the real economy gets out of hand then you have stagflation because wages are too but sense 2000 and getting even more pronounced since 2008 we have to suffer to caen because there are high for katie there's these privately owned central banks who print money for private the top 110th of one percent of private citizens and then we have the serve class or the neo feudal class and these 2 don't interact any.

kind of. b.p. oil announced today it's selling some of its north at the athens to premiere oil a movie piece says if that quote me shaping its north sea as a portfolio under the multibillion dollar divestment program this is a concern about worldwide oil prices and supply. the u.s. goes to war with iran are too much money john t. joins us live with maher so john * let's start with the b.p. sell what does b.p. expect to get out of this and why now. well 1st of all b.p. is going to make more than half a $1000000000.00 on the sale $625000000.00 to be exact so you know that's a big part of this just to kind of walk you through this in the viewers b.p.'s north sea regional president ariel flora said in a statement that b.p.

has been quote reshaping its portfolio in the north sea to focus on core growth areas as a result of this focus we have also 'd now decided to divest our andrew in shearwater interests believing them to be a better strategic fit for another owner and that owner as you mentioned in the intro kristie is premier oil which will now take over the andrew platform and b.p.'s controlling stake in 5 surrounding fields along with a minority stake in the share water field which is operated by by shell oil $69.00 b.p. workers are expected or will be transferring to premier oil according to b.p. the move really isn't that unusual there have been other similar transactions like this in recent years in which the big oil companies pull out of maturing fields and smaller firms move in and so this appears to be at this point another example of that kristie john on the topic of oil oil prices fell almost one percent today amid

fears of a military conflict between the u.s. and iran after gains during the 2 previous sessions so what's the overall outlook right now. well right now there seems to be kind of a wait and see approach an attitude in the industry to see exactly how things are going to play out not only the oil industry but the rest of the world for that matter including us in the media there are many theories about what could end up happening with concerns that a quote unquote war could break out between the u.s. and iran there's a lot of theories about what that kind of war would look. like. or that iran will you know for instance strike u.s. military targets you talked about this earlier in the show not only u.s. military installations throughout the middle east but also america's allies specifically israel and saudi arabia and possibly even going after saudi arabia's oil fields you know that remains to be seen that's a whole another show another topic but all around clearly knows that it can disrupt the world's oil supply and distribution and one major way is by putting the strait

of hormuz in a choke hold you remember back in may and june we reported on this when a number of oil tankers were attacked in the gulf of oman sending oil prices surging well that could certainly be the case again if not worse you know keep in mind that a 3rd of the world's oil passes through the strait of hormuz we're talking about you know smilies of barrels a day of oil thirsty john as we wait and see what happens in the middle east we're also watching to see what happens between russia or russia has been right only now continued its oil supply with the eastern european country after cutting off cutting it off early in the week so what more do you know about that. yeah this was also a pretty significant story you know speaking of oil and oil supplies so bellerose a started reprocessing russian oil after a 5 day suspension when russia cut off oil shipments to its eastern european neighbor the leaders of both countries have been negotiating energy supply contracts for several weeks now along with discussions about expanding economic and

political ties russian president vladimir putin met with his counterpart in alexander last month in st petersburg you may recall to discuss its commitments to belarus and future agreements with melrose relies on russia for more than 80 percent of its overall energy needs and the country's 2 refineries were running on reserves up until this new agreement was reached which bill rose says will allow a nonstop operation of the country's refineries this month the russian pipeline on . pereira trans national confirmed that it would transfer 133000 tonnes of oil to bellerose and the oil will come at a discounted price while negotiations for resuming regular imports between both countries continues now russia ceased its oil supply developments on december 31st when the 2 countries couldn't renegotiate you know oil prices for 2020 for the new year and on friday officials in the capital means going down snapped the country was suspending its own oil exports which contribute to up to 20 percent of insanity

in g.d.p. before this short term deal was agreed upon so this was definitely a crisis situation for bellerose appears at this point things have changed they're moving forward again but the political wrangling continues as russia really says that delarue should accept closer economic integration if it really if it wants lower energy prices and that's a concern of 2 officials and mates who have raised their you know objects ins that possibly new agreements could pave the way for for murder of the 2 countries we'll see that remains to be seen but russia has really increased its pressure on belarus by raising energy prices and also cutting subsidies and factor in you know of course what's happening in the middle east with the u.s. and iran and that could certainly also have a bearing on future agreements between russia and belarus you know reliance on russian energy supplies remains very heavy and belarus is also keep in mind

a key transit route for russia russia's energy supply for the rest of europe so we'll continue to follow that story and many others of course. correspondent john hattie thank you. the world's biggest consumer technology trade show kicks off in las vegas amid an escalating tech cold war between the u.s. and china are to produce a bunch of bores on the ground scouting out the latest innovations that will soon be hitting the markets one of the themes and focus for 20 twentieth's smart home technology and security systems. as c s 2020 kicks off tuesday one of the biggest themes throughout the show will be smart home technology there are smart speakers lights locks and even smart toilet seats all traditional home products that can be connected and work in conjunction with each other to be controlled by an app or series of apps but one of the key technologies at the show is smart security cameras abode provides a d.i.y. home security system and today we're looking at grainy video camera indoor outdoor

video camera we've decided to take smart home security and make a totally self-contained and portable so that not only do they work in your home but you could take that same peace of mind with you when you travel or from in your apartment as well arlo's a smart home do it yourself security companies are all about smart phone cameras doorbells floodlights all around your home today we're introducing 3 new products are we going to launch later this year and that includes tommy battery out there camera and our darva camera and overcoming baby camera the question becomes why a smart homes and specifically smart security systems become the trend of 2020 i think the technology is maturing to a point where it's really making a lot a lot a lot possible at a really good price point and impairing and pam people who take take control of it and away from you know not just a professionally installed expensive system so i think that's where the technology's got but i guess that everyone these days wants to take advantage of the technology that is just growing and getting better and better and having our

home protected in a smart way with reports of smart home devices like google home and amazon's alexa being able to be hacked by a laser pointer or hackers tapping. to ring cameras to talk children while pretending to be santa claus do these companies really see a concern security is our number one policy and number one priority for our customers i think people are very creative in coming up with attacks on technology and you need to think carefully about it i think both amazon and google take security seriously as do we some of the companies out there might be rushing their products to market a little bit prematurely so you have to be careful while these issues may be real these innovators in the smart security space believe they have solutions to protect the customer albeit many of them taking a different route it one of the things that we you know we focus on is educating people around. choice if they're pos woods it comes down to those simple things you know and then from our own side of security and we really do everything we can to ensure that daughter remains only accessible to that customer it's

a multilayer approach it's designing for security it's automating and testing for security and then it's also thoughtful that will touch is like the the shutter that you can slide across the camera that's built into the brilliant control we're taking every precaution to make sure that everything is totally encrypted we don't have access to any video files and we're using some of the top of the line leading edge cloud services as well security is more for us it's more than what's on the os at the cameras also protecting the consumers private information so we don't sell we don't share data it's all controlled very strictly and we only collect exactly what's needed to provide the services with our reporting from c.s. 2020 in las vegas for boom bust. r.t. . that's over this time you think i'd boom bust on track t.v. account for a 21 dish network out to 80 or is to me 247 on friday t.v. the free t.v. atlas and sunday night i. thought that you could dot com slash boom bust r.t.

say next time. reality has mandates of its own that go beyond what our wishes and preferences are . and our utopian visions maybe we're going to get a new deal but it may not be the green new deal that people are expecting will get the green new deal that we have we deserve rather think we are going to get a green new deal because the green you're dealing compass is things beyond just right infrastructure health care is in that new deal there are other elements if you go back 20 started in 2006 that we are going to get and that are popular in this country.

what politicians do. they put themselves on the line they get accepted or rejected . so when you want to be president or injury. or somehow want to. have to go right to be pressed to supply them before 3 of them or can't be good. i'm interested always in the water. they should. time after time called for ration to repeat the same mantra sustainability it's very important it's accelerate the transition to sustainable transport sustainability stay in her manner at a more equitable and sustainable well. they claim that production is completely hama's. will be due to congress number 2 sometimes it does not the person companies want us to feel good about buying their

products while the damage is being done far away and this is something else this must be going to mean and i mean look steep turns the sun moves in unison we didn't want any minute. on disk. in iraq 2 american military bases a hit find dozens of as a response to the killing of a general who was this town for names of a u.s. drone strike last week however that's wrong says it's not a will with. all is. responded to the attacks saying that he will give more details later previously threatened to destroy multiple iranian songs including poke around retaliate he did anyway.