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tv   Boom Bust  RT  January 11, 2020 1:30pm-2:01pm EST

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jump is a new yorker and you know he looks at the global picture and he sees the tension in the middle east he sees iran doing a dance with the neighbors and there's like you know what let's just cut to the chase this just i got a guy in iraq and we're going to get more money printing right away because i want to make my premed this weekend why funds around this is the new york way of doing things i said it when he 1st got elected it's like i have a new yorker in the white house and i've been in new york around the world i'm a new yorker you know i got to tell you i'm one of them. but if she warned you can i do the dishes at the baltimore those. new speeches she me we you. know. he means that he that is without infringing ball.
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you will see slowing your infos if parts of the 2 kids each other both sides. as if. the. god that they were dazedly needs to. be a people who simply. this is broadcasting around the world and covering all aspects of business and how it affects us all i'm christiane washington and here's a look at what we had in store to. carry on for boeing as the company has released
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internal documents that puts the scrutiny back on boeing we take a closer look at the turbulence facing the aerospace giant with our correspondents . one of the fascinating case of carlos' going has taken yet another turn as lebanon has imposed a travel ban on the former renault lauren fix the car coach is on hand to break down the saga and what lies in store for the multinational businessman and later is making gains quickly and those leads are on full display at the consumer electronics show. is on the ground and gives us a peek into what's on show in las vegas we have a show today and so let's go and jump right in. the world's largest plane maker boeing released hundreds of pages of internal documents to congress on thursday the messages contained in these internal communication documents showed employees disparaging the flight simulators the safety and production of the 737 max this is
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the latest blow to the american company for a $737.00 max that has been grounded since march of last year after flaws in the plane software caused 2 crashes that killed 346 people the stock is now plunging 1.5 percent today in trading bringing the total market cap losses since march to over $62000000000.00 for more we bring in our future respondents who joins us here in studio so sara over $100.00 pages of documents were released what do these contain well boy released these documents so $100.00 pages to congress where they were walking regulations and the selves what it did was it showed the employees discussing and really concerned and distrusting that 737 max so the exchange happened between 2013 and 20 team they happened before those deadly the 2 deadly crashes but let me show you what some of these people wrote one employee wrote this airplane is designed by clowns who in turn are supervised by monkeys now another hour. to colleagues would you put your family on a mac.
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simulator training aircraft i wouldn't another employee wrote an email the subject line flight transition cost and really stressing the importance of holding firm that there would not be any type of simulator training that was required when transitioning from the 737 and the 800 to the max but again these documents essentially confirm that employees were concerned over limited training for these airlines upgrading from the 737 and g. to the 737 max because they did have a software upgrade that is very telling that the employees don't even trust the aircraft itself so how's boeing responded to these are had day well they have they released a statement saying that we regret the content of these communications and apologize to the federal aviation administration to congress our airline customers and to the flying public for them they actually went on to say that these communications do not reflect the company we are and need to be and they are completely unacceptable now over the simulator training we know that this could be time consuming so mean
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this could be costly obviously however even after the crashes boeing said that they did not need the training is that the pilot did not need those training so it wasn't until just this week that they said that they would recommend the pilots and crews have these trainings that's a 3 hour training of course it's costly of course it's timely but as it is of course necessary to save lives and make ensure that the $737.00 max can be in good working order exactly like look what happened now without the training exactly so on another front the iranian crash of the boeing 737800 it's not that different plane than the 737 max that investigation is still open but iran did now release a video of the black boxes in the cockpit what's the latest how they did release a video earlier today with the black boxes that initially said were damaged it looks like they're investigating themselves iran wants to 1st analyze that themselves they've invited other countries to be a part of the investigation even though the united states however there. wanted to
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be assessed by russia ukraine at france or canada but 1st want to do it themselves so head of iran's civil aviation organization said if we can do it ourselves we will if not we will definitely ask for assistance from other countries now the iran investigation from boeing said the u.s. ukraine france and canada are looking all looking into the cause of the crash the u.s. canada and the u.k. have all said that it was downed by an iranian missile this is something that iran has denied but just an hour ago just earlier today on our very own news with rick sanchez an iranian source told rick sanchez that iran the investigation shows if the investigation does indeed show that that plane was taken down by the an iranian missile then it appears that they'll have to accept that conclusion so it's still ongoing they've they've asked for help from other countries whether or not they'll share that information of the black box in with the other countries that will obviously help clarify what happened but that still remains unclear very dangerous
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not so friendly skies are 2 correspondents and thank you so much if you kristie. the auto industry now continues to face challenges in 2020 as carmakers and dealerships are struggling with a slowing economy and terrible uncertainties keep consumers from large purchases car sales in china continue to fall in december as locking in its 2nd straight annual decline however the pace of the decline has slowed the industry is now cautiously optimistic that we have bottomed out is this the bottom to find out we bring in lauren thanks to touch so lauren what do you think is the bottom is a priced in or do you expect the sales to continue to do klein not only in china but globally. well is the china u.s. agreement goes into play if the tariffs are reduced i think it will help the economy of china which would cause people to purchase more vehicles with another sales drop of 7.4 percent from 29000 that's year over year that's pretty impactful when it comes. total numbers for the auto industry but companies that usually do
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very well in china such as general motors having sales dropping 15 percent is pretty hefty and they're noticing even b y d which is a chinese car company having a drop in sales mostly because the subsidies are going away so our people are producing manufacturers are producing electric vehicles they're still seeing a drop in sales and they're producing these electric vehicles even though the demand for them is dropped off because the subsidy is what's causing a sale so this is going to be very interesting it could be the bottom as long as these tariffs are dropped and we may not see that until the 2nd part of the u.s. agreement so now let's move on over to our favorite fugitive carlos gone we've been following his story for a while and he finally gave his much anticipated proud public press conference this week so what will you take away. well i 1st off i watched the whole thing it's 2 and a half hours it was very interesting as we've been following this all along here on our t.v. and one of the things that i noted is that he had documentation to back up what the situation was he was able to explain and his lawyer who happens to be french said
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you're supposed to have a fair trial so basically they accused him of something and asked him to prove his innocence were in reality it should have been that japan should have said what he was being charged so after the 1st 100 days in captivity they still wanted him to plead guilty to something he didn't even know and as this went on he realized his only answer was to escape and once we saw all the documentation we heard what he had to say in the public opinion the court of public opinion most people are believing that he's innocent and there's no documentation to back this up and it looked like it was more of a cultural difference between the japanese and the french and that's why all this started to unfold the way it did and we're still not done with this and i'm sure there's months and months more as we hear more stories about carlos ghosn and how this unfolds so lebanon has now issued a travel ban on gun and this is after he had received a red notice from interpol but let me as authorities have not arrested him yet so what's going to happen now. well the lebanese will not deport him it's not going to
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happen there's no extradition agreement with either france and japan or with lebanon and japan so that means you get essentially travel between the 2 countries but because he's a travel ban within his own country at least he's free within his own country which is where he was raised his family is there i think that was the biggest factor is that he could not get a fair trial and he's willing to stand trial and maybe they'll have something there in lebanon but until all this continues to get more details more documentation is revealed i think right now he's just happy to have freedom within his own country and now moving over to see 2020 boom bust branch of war recently gave us a little peek at all the concept cars debuting at the conference and one of the biggest trends we saw out there was the rise of the thomas driving so what other trends and dreams are emerging from the auto industry that we can look forward to. what we did notice at hyundai had a partnership with goober and they want to start doing taxis which is really great so what you're talking about is the potential of you getting into
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a car that turns and that gets you to an airplane that gets you to your destination and it would be sort of like getting in a taxi cab but this case would be like an air share type situation so also of bell helicopters is working on a program that's very similar to that so as things evolve we may see some of this go into play the autonomous part is possible but in reality the autonomy is not there yet we we have the technology but we still have no government regulations we still have to worry about insurance regulations with those that are autonomous and not autonomous sharing the roadway and there's still no permanent barrier to keep those hackers out and whether those are all big factors that i continually bring up so at this point looks like manufacturers are showcasing their talent and their showcasing the really cool cars of the future but i don't think we're going to see it within the next 10 years within the next 10 years that's a big statement given that you should be here in 2020. what is cars are not autonomous he sells auto pilot as autonomous it's really a level 3 autonomy
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a lot of new vehicles including her c.d.'s b.m.w. audi even ford motor company have self centering cars so myself driving that assistant they're not there's no such thing where you can go to sleep behind the wheel people are doing it in tesla's but there's also at least 15 cases where the u.s. federal government is investigating to find out why he's selling it this way and they want to stop using the name auto pilot fascinating lots to look forward to lauren fix the car coach thank you so much thank you. volatile week with iran responding back with their own missile counterattack but then we had the escalation which led to a massive rally worldwide let's see how we ended up that week starting off over in moscow the mo at 1.4 percent for the week hitting fresh $52.00 week highs as the presidents of russia and turkey formally launched the turks train pipeline which
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will carry russian natural gas to southern europe through turkey across the black sea the pipeline stretches 930 kilometers and will have an annual capacity of $15.00 b.c.m. now over in japan the nikkei and supported by the progress in china u.s. trade talks toyota motor corp announced plans to build a prototype city of the future at the base of mount fuji that's going to be powered by hydrogen fuel cells and functioning as a laboratory for autonomy as cars smart homes and other technologies this will be called the woman city in reference to its origins as a loon manufacturer this kind of highlights the financial and political power of toyota in its home country as this is a highly ambitious plan spending over 71 hectic years now over in shanghai the markets inched up words slightly up point 3 percent of fears of an open conflict between china between the u.s. and iran where alleviated china also reported inflation accelerated at
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a slower than expected pace in december improving sentiment and increasing optimism about possible policy loosening now as we kick out the new year analysts report that about 800000000000 r. and b. might flow into china stocks in 2020 from overseas investors corporate buybacks and wealth management companies now over in hong kong the hang seng also rally locking in some of the biggest gains at about 4 weeks as ali baba group holdings rose to a record high. the c.e.o. of the hong kong exchange and clearings reiterated that the city despite several months of very violent social unrest still remains a global fund raising hug this comes as beijing plans on setting up a stock exchange over in macau creating further competition to hong kong now over in india the sensex finished up but the market experiencing a bit of a relief rally as investors now seek to reduce risk of an all out war meanwhile foreign investors continue to reduce exposure over in these emerging markets amid
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this period of uncertainty dragging down any further potential gains and. up with gold and oil spiking geopolitical tensions this week boosting up australia's commodity heavy markets this index is up almost 3 percent despite the deadly wildfires which officials now estimate is likely to exceed the record 4400000000 set in 2009 black saturday blazes now over in south africa the all shares are down with emerging markets be exited in favor of safety assets and developed economies given the volatility and the uncertain geopolitical landscape investors are now facing liquidity in the might soon become quite problematic. the cac and the dac are both up this weekend breaking higher both markets appear to be chairing the deescalation as well as hopes that the trade conflict between china and the us will soon wrap up next week the footsie though on the other hand is down half a percent as the markets lack direction and the catalyst stocks were slightly
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perturbed on the soft job data and the weak wage data as well moving on over to brazil the evil of us but is down after an amazing rally in $29000.00 that made brazil one of the world's best performers last year it started 2020 lag with investors pulling out more than 1.2 $1000000000.00 from the market over and outflows as they still remain very skittish over the slower than expected pace of growth. sliding on over to north america the b. and b. and mexico is up following the u.s. where all 3 major markets the as in p. the n.y.s.e. and the dow are all had a in their record highs on the back of a deescalation of conflict between u.s. and iran the market is also riding high on the better than expected 4th quarter results from consumer spending further boosting confidence and sentiment on friday despite the military deescalation between iran and the us president trump announced additional sanctions specifically targeting the country's metals exports and 8
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senior leaders the actions targeted the 13 largest steel and iron manufacturers in iran and top copper and aluminum producers essentially making the entire iranian economy off limits to nations that have diplomatic ties with the u.s. . and finally up in canada the ts x. is up on gains in energy materials and utilities and that is their global market roundup for the week. time now for a quick break but hey here because when we return is making gains quickly and those leaves are on full display at the consumer electronics show artie's bunch of bars on the ground and gives us a peek into what's on show in las vegas and as we go to break here the numbers at the globe.
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is you'll be a reflection of the reality. of the world. transformed. what will make you feel safe. isolation whole community. are you going the right way or are you being led. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. already made in the shallowness.
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time of the time called her ration to repeat the same mantra sustainability very important to accelerate the transition to sustainable price board sustainability. a more equitable and sustainable well. they claim their production is completely harmless. because. companies want us to feel good about buying their products while the damage is being done far away this is a this was going to. underscore .
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the fierce fight for u.k. food delivery giant just 8 has finally come to an end with take away dot com winning the rights to the ordering service creating one of the world's largest food delivery companies are to correspondent john king live with more details so john how much was this was a what exactly does this mean for takeaway dot com. well this is a huge deal kristie it's worth $5900000000.00 pounds or $7700000000.00 and it means that as you just mentioned takeaway dot com will now become one of the largest what world's largest online food ordering and delivery companies outside of china and also now a major rival to which is of course here in the united states 80 percent of just the shareholders agreed to the take away all share offer of passing the 50 percent threshold required to make the offer unconditional and the merger of take away and just eat will be led by take away c.e.o.
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grown and will be headquartered in amsterdam with a listing also in london and $23.00 subsidiaries in mostly european countries but also in canada australia and latin america the merger of the 2 companies will end up handling orders from over $155000.00 restaurants and the 2 companies together processed almost $355000000.00 orders in 2018 with a total value of $7300000000.00 euro or $8100000000.00 and that's beating its biggest rivals of some grub and delivery hero over in europe now the company say they expect the merger told to me at least save 20000000 euros in annual costs this is a huge victory for take away that have been locked in a pitched battle with another company to take over just kristie and this is a very very competitive space and this fight has lasted for months tell us more
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about that. well the merger has been described as a colorful takeover battle that started back in august would take away the merger being blocked really stymied by the tech investment company process all to mentally turning into a bidding war between takeaway and process in approaches online food empire spans $41.00 countries and includes steaks and i food in brazil. well india swayed the and delivery here as i mentioned in europe so this is being called a pretty big setback for process take away will also sell just 33 percent stake an eye for which is latin america's largest food site which is controlled by a process so set back for that company but really a big victory for takeaway and a huge yeah it's a huge market in the u.k. and really worldwide i guess the question now is when is it going to be here in the united states of course it is a competitive market you know here in the u.s.
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of a so we'll see about that but yeah big big story coming out of the u.k. today kristie that i think deliver is a huge growing space our take correspondent john hardy thank you so much. you're welcome i i. i i. the future which has only been shown on the big screen is actually closer to reality and on full display at the consumer electronics show whether it's a state of an art robotic exoskeleton or an ai power translation device that makes communication nearly seamless r.t.s. bunch of war is on the ground las vegas and has this report. robotics an artificial intelligence have made massive strides in recent years robots alone are being used in the service industry they're used in manufacturing and automation and now robots manufacture star codes is partnering with delta airlines to ease the burden of maintenance workers circus robotics adventure with delta is the kind of thing you see inside fly in fantasy movies.
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i. a user hops in an exoskeleton suit and the person inside can then pick up incredibly heavy items without exerting much effort oh wow this is incredible while on the show floor at c.s. i was able to see what it feels like to have just one arm use the system lifting a 50 lb bag. like it was nothing at all this is actually mostly for people who never have made it through don't get tested or fire she was her decision judge with the spray can. you see how it all rosie and all robotics are just for industry take for instance samsung's bhatia this isn't some station gratian robots watch but should the city. love you for a body that if you see every day each until. the 2 arms of chef are going to replace you in the kitchen they're there to assist the robot walks you through your
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favor recipe helps prep the ingredients to your cupboards and even stirs the food in a pan. samsung also in veiled bawly a robotic ball that they call a life companion the ball rolls around your house following its owner and they claim it can act as a home alarm and also control your smart devices as well as just keep you company. and samsung star labs unveiled a new type of ai introducing me on what is certain yet is an idea for stuff you may say i drove in by telephone and the vision of our company is really simple we want to make their way to humans and to technology why same cell kind of like you and i as humans we manage. and what is the use case that we're looking for with this technology where we're going to see the ads so on the business aspect almost anything involves customer services easy face to face interaction so retail banking teaching while neons tech is in its infancy these realistic neons it will
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have many functions in the near future but right now it's all about the buzz artificial intelligence is also being used in translation tech waverley labs has recently released their ai driven fluid translator the ambassador interpreter there are many parts of it great so the 1st part is recognizing the speech so computers need to understand what you said written and that process has been speeding up a lot of machine and machine learning and. the translation has also been improving a lot with all the models and trains that has been going around the world the translator can pair up to 4 headsets with you speak in 4 different languages on the fly sergio del rio de is from waverly showed off how the tech could work in an interview environment if i were to say ask him about the delay we might see with the ambassador. said to dennis. the other 2 separate cases that i meant dick and i said it that i so. i think i meant that he sent this he did of us and up until you encounter used to be able to get even over your status in the. us. you.
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know. so it's easy to see how these types of innovations could really be world changing from removing language barriers to the strength barrier reporting from c.e.o.'s in las vegas french aboard our team. won our brothers has also become the latest studio to finally embrace artificial intelligence the studio signed a deal with sent a letter to use as a i driven project management system assistant predictive analytics will be used to guide decision making at the green light stage based on projections of how much the film is expected to make in theaters and other wars the reason why movies these days seem to be repetitive and predictable the same story told over and over again with new characters is because it is an ai is making all the decisions and of course it will rely on past excesses in order to predict the future outcomes this 40 year old company said aletta has signed deals with ingenious media and productivity media and s.t.'s studios while they won't necessarily predict the next $1000000000.00 surprise it will reduce the amount of times executives spend on low
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value repetitive tasks the system can calculate in seconds what used to take days to assess by a human when it comes to a general film package still hollywood has been resistant to ai as unlike silicon valley which is driven by data as an algorithms it prizes on its creative instinct and experience the film world is still skeptical about the technology's ability to predict success and for not warner brothers will only be using the software to help with marketing and distribution decisions another clash of the creative rest is a scientific. that's it by this time you can catch bo must on direct t.v. channel 321 dish now marcela to 80 or a streaming 247 on pluto t.v. the free t.v. absolutists i mean are as always had us about you to dot com boom bust r.t. say next time.
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welcome to maximize your financial survival guide. looking forward to your pension account. yanks this is what happens to pensions in britain. you watched as a report. this footage is unique because there's only a tribal lands on normally off limits to the public erik's allowed in because he's the c.e.o. is personal don't. people here know him simply as door to eric he's rich famous some always on the move saving yachts and flying aircraft that it's. now. known.
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he's considered one of the best neurosurgeons in brazil. that's happening amazon. allergies so slow. going out of the busy doing nothing is going to do the population nothing good is going to keep people on the zone. iran admits it accidentally shot down ukrainian passion 2 jets on wednesday thinking it was a cruise missile the country's president says it is an unforgivable mistake iran's foreign minister has blamed washington's adventurism for the tensions that led to the downing of the us your state is grilled by reporters over the killing of iran's top general and the german chancellor hold children and in moscow touch on issues
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from the iran crisis to any surprise to europe and.

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