more easily than previously believed live virus particles were found in stores specimen oral swabs and blood samples indicating that infected patients may shed the pathogen through respiratory fecal oral or body fluid routs corporate earnings have also been disappointing adding to fears about the global impact of the outbreak manufacturing pm eyes will be the focus friday as it may show how the early impact of the coronavirus on demand and the supply chain oppenheimer warned that in the near term the risk is to the downside as comparisons to the sars period may not be quite relevant the chinese economy is now 6 times bigger now than what it was then and economists estimate that chinese tourism which accounts for point 4 percent of global g.d.p. and that's the number of quote missing work days in china will be equivalent to the entire u.s. workforce taking an unplanned 2 month vacation now in an effort to support the economy china added more stimulus via rate cuts major lenders reduced the one year

loan prime rate by 10 minutes to 4.05 percent in an effort to ease lending conditions as n.p.a. now warns that banks face a surge of up to $1.00 trillion dollars in bad loans but china's banking regulator and nouns that it will allow the country's lenders to raise the tolerance for bad debts during the outbreak bad loans created during the crisis should not be counted as non-performing loans as factories were prevented from reopening and workers were quarantined at home. now apple i phone maker foxconn is cautiously restarting production at its main plant in china and warned on revenue guidance plans and vietnam india and mexico will continue operating at full capacity with expansion plans underway as it seeks to minimize the impact of the virus and now to give us the latest on the macro impacts is todd horowitz chief stratus above the trading so but we know already that apple rescinded its march quarter sales guidance and that the i phone i will probably be delayed so do you expect these issues to be trends.

tory are well they continue to plague china 34 quarters down the road given its high exposure both on the demand side and on the supply side. we're going to have to do it thanks for having back you know look i think that we kind of knew was coming and it really depends on you know how this coronavirus expands i don't think it will be much of an issue i think this is just another way of saying hey we might be small but because of that i don't know how much their production is actually being affected right now by this and i don't know if they've got it in madrid ready to go so i think that it should why should sell fall out as everything else does and i think what you've seen especially going to apple they tend to try to get ahead of bad news 1st to get out of the way so they can all their stock to continue to rise kind of like you know under deliver and overall report under a new report over delivers what they try to do i think. that's an interesting point because i feel like we've seen quite a bit of this and we've kind of heard similar analysis from different out analysts

is that you know companies like under armor are already trying to get ahead of that corona virus outbreak and say oh this is going to hurt our supply chain it's going to hurt our bottom line but in reality there were struggles elsewhere i mean do you agree with that whole sentiment across the board. i couldn't agree more i think that this is you know i've said for quite a while that we're in the very early stages of recession so i get a krone virus isn't helping the thing but i don't think it has as much effect as we want to believe but i think you've got different motives behind saying what's different places are saying for example you know apple you've got. or you know and you be there and you are preparing to slow down their sales so that doesn't hurt your stock too much or you're praying or maybe raise prices if you hear from the retailers that things are costing so again the whole thing to me is really a non-issue and of course that really tells you that as i do is look at the stock market is making you know high even today after being down almost 400 came back to

close to you know somewhere near on change about the russell was up today well and it's interesting too because when you look at tech and you look at apple and and you look at how the nasdaq is hitting record highs and really all 3 indices the major benchmarks here in the u.s. are hitting those record highs pretty much every week at this point but it does bring in to the point to as you see that the micro chip sector they're still doing great and you would think they would be hurt because their supply chain in china is hurt as well. well again this is you know i think what happens is you just you get into these these ruts of trying to make sure that you stay ahead of things and i think that of again you look at what's going on you know where it comes from and we know that there's an effect but how really big effect that is and what areas does that affect all the plants and affect all of china you know again there's a lot of things that we don't know because we don't get a lot of great reporting out of china to begin with but again you would know if there was a real problem the markets would have a major sell off not you know not

a 300.9 ryback they would go and they wouldn't stop for a while if there was a major issues but the market is not recognizing that and for today. the market is the best sense of what's going on in the economy but in the business world because we're going to eventually we know the economy of the stock market split off or is that i think they are doing right now we're seeing you know more delinquencies but also higher stock market now retail is the other sector that has been struggling very much this year with the outbreak but victoria's secret's problems actually began way before the corona virus outbreak so l. brands is finally selling a majority stake to a private equity firm for one by $1000000000.00 so what's the story there and how well victoria's secret's the brand evolve from here. what i think they 1st showed you look at the retail space itself the burger more is dead as far as i'm concerned and of course we're going to kill again there's so much competition now you know victoria's secret at one time was very special right it was a it was

a big brand whether you were you know looking for it or you could afford it you know they were a little bit higher price and i think that is become the bigger issue is that now you know you can you let your fingers and walking and you can do all the shopping you want in 5 minutes ok and you can find maybe no secret label it's exact same thing for less money so now we come back to a money issue and with people having the flexibility i mean there's a good amazon where you get to break buy anything on amazon so you can now have. more competition and there's nothing unique about many of these products which i mean again victoria's secret was a big name but it's become not a unique name anymore now let's talk about another major acquisition taking place right now between morgan stanley and today for $13000000000.00 in all stock deal this deal comes right on the tail of the other merger between tall suave and t.d. ameritrade so now at the margins in need entire trading and equities business becoming increasingly slimmer as p.s. dropped nearly 30 percent last quarter why is morgan stanley choosing to invest

particularly in this line of business. these guys are all doing the same thing this is a classic they're trying to buy assets are trying to. humiliate assets which is what schwab did and what morgan stanley is are now because what they really want is that they want debt money that's on deposit because even though interest rates are. low right now and some days are no up again and the big with the brokerage business ok their money is made more on the overnight rate ok so they want to accumulate assets it creates more business that's why they can give away so to speak true trading and things like that because again their big ticket is that money on deposit and the way continue to turn over align them to also invest for you through them to get other things and get parts of the game but the you have the bottom line is it's the money on deposit who they want to be bigger and bigger which you're going to see

more and more of these small little boutique firms get bought now including put it all going to be consolidated very much like the banks are today. and i want to move to something a little more fun here virgin galactic is looking like the new tesla now more than tripling in value over the last 7 weeks despite being profitable and is expected to continue to lose money this year and in 2021 so just like tesla the short sellers are ganging up with short interest up $3100000.00 in the last month or so is this going to be the next cult stock or do you just follow the momentum at this point and throw fundamentals out the window because i want to remind you of something they said they were going to be in space they're going to have these commercial space flights by to in 2013 and now it's 2027 even done it. this is very familiar and i get i'm not saying the markets are 1009 and all over again but these 2 companies right now the way that they're trading are obviously trading and bubble territory you have the same pattern repeat which is what happened

through the original bubble was that you had short sellers trying to push the market out because it could be of making money and then all of a sudden they'd force them up and they'd run him up and force the trucks out you get these ridiculous valuations ok i mean listen virgin galactic i mean you know richard branson smart guy great businessman got a lot of good things going on so i can't fault him but again you get that the street gets on momentum and they start chasing these thing and they're like the mouse running after that right so i get i think again they were they were both the well overvalued at this point so either the market's in the gulf or they're come back to make the market i think they both come back and hit the market some point but again when that happens i can't cite todd horace case tragedy trading thank you so much thank you. will invest more than $1000000000.00 in mexico over the next 5 years the company's c.e.o. said in a video released by the mexican government on thursday. you know every aspect of

all look in life is being transformed by computing we have an unprecedented opportunity to apply digital technology to create new opportunity in mexico as part of this investment creating a new data center region in mexico to deliver a comprehensive intelligent secure all and trusted cloud services to help the organization really get an advantage and drive the digital transformation mexican president manuel andrus lopez obrador spoke about the investment in its daily morning address saying it proves the country is ready for more foreign investment now the president has faced criticism for his economic policies not attracting that it will decline in more than 10 years now this is really interesting that microsoft is assigned to invest in mexico because. right now in america there is a huge shortage of skilled workers even though unemployment is currently at 50 year lows all the companies are actually complaining that the reason why they're not hiring as fast as because there's no skilled workers there are no people that are

up to do software development for high tech companies these days well and it seems like maybe they're just trying to increase their market share by region get more in mexico as well as maybe get a little bit of cheaper labor not very cheap labor because you're still here skilled workers but a little bit cheaper labor than you had previously but it does look like they are expanding their to their footprint into data centers all over mexico which means cheap labor and cheap real estate as well time now for a quick break just on the other side has taken a dive but what's behind this long we're going to delve into the dive and break down the outlook for the going forward and as we go to break here the numbers at the close.

like. when i was. going to get my money even a. 10 year period of 0 money velocity were money has gone directly into the pockets of the few oligarchs in countries the doors of america and around the world in these silos like these under $25.00. dollar properties when they when the infrastructure for that starts to crack and illiquid he starts to see balance you get inflation for real for stuff like food and we're seeing this happen now where

people are noticing that the cost of every day living is starting to spike. bob dylan once said money doesn't talk it screams former republican new york city mayor michael bloomberg is proving this just the sheer force of lavish spending has made him a serious contender to capture the democratic nomination i'll be experiencing peak trump derangement syndrome. and welcome back the trump administration is continuing its pressure campaign against the hugo u.k. regarding their decision to allow weiwei equipment in a limited capacity as a nation builds out its 5 g. infrastructure u.s. president donald trump's acting chief of staff mick mulvaney spoke at the oxford union on wednesday saying the us is very much concerned about that decision

mulvaney warned about the situation with regards to sharing sensitive security data adding we are very much concerned that the integrity of that information is hardwired into your computer systems and if you folks go forward with the decision to allow while way it will have a direct and dramatic impact on our ability to share information with you period end of story earlier this week we were joined by andy purdy the chief security officer with wildly technologies usa and he had this to say about why the u.s. has been advocating against the telecom giant. the u.s. is worried that china wants to take over the world so the u.s. a basically pushing back and part of this is related to the trade talks phase one so far but other phases perhaps will will come about so the u.s. is basically trying to hurt china in terms of the compared. of race rather than concentrating on how to help strengthen the u.s. which has the best technology the best innovation in the world but is not on a pair to really drive forward and continue to increase if you miss the interview

be sure to check it out on the portable t.v. app or youtube dot com slash boom bust our teeth joining us to discuss this story is who are for rich board member of the british american business association hilary thank you so much for being with us today because now 1st off i want to go talk about this because the u.k. is going to eventually get annoyed with us i mean we continually keep telling them you're making the wrong decision so you need to do what we tell you is that going to be a problem i mean just this overall demeanor that the u.s. is going to have in towards the u.k. well you know it reminds me of the movie 2003 actually you know hugh grant played the prime minister member was a scene in there which was like the big like oh yes here we're not going to be bullied by the us so yeah you're right brained this paternalistic attitude does not go well in the u.k. and of course there's the insinuation that because the policy column and the intelligence committee did a very deep dive in terms of investigating huawei and those backdoor methods and they ruled that it is safe now one thing i will say the caviar it is we know that

while way has only been stored in what are considered to be non essential places they're not considered in terms of any of the network cards in the u.k. they haven't been installed there they have not been stored in terms of any military bases and have not been stored in terms of any nuclear so i think there's a middle road here the middle road is the u.k. is trying to appease china obviously there's a trade partner and that is using huawei in these non-essential sections of the telecommunications industry in the u.k. and yet they're trying to oversleep try to not alienate the tribal ministrations so i think they're caught in the middle but it's almost insulting because the us is almost like saying like hey you guys didn't do your research or due diligence enough so it's almost like a little bit demeaning at this point yes a journalistic absolutely to say yes see any scenario. these 2 nations won't be able to share security and intelligence data together due to disagreements over huawei i think you're right because if it isn't solved it definitely could escalate i think one thing that's an indication is of course as the 5 eyes agreement and that is the sharing of intelligence information between the u.k.

canada the us australia new zealand and just recently very recently the australian government cancelled a group of their polman tyrion that were going to be visiting the u.k. and instead directed them to the us so i think you're beginning to see a crack in that 5 eyes relationship if this isn't solved it will escalate yes and if we see any other movement from those allies within the 5 nations who have made moves towards us throw you know them or not not not none that i know of except the actual council of the polish meant ariens absolutely i want to move on to germany because they've been also. in this holds that while we situate us president officially named richard grinnell who is the currently the ambassador to germany as the director of national intelligence grinnell actually recently tweeted i think was on sunday that he spoke with the president and any nation who used unsavory telecom equipment huawei is what he didn't say but that's what he meant what he said any nation i believe in germany so where do you think see this situation going

now in germany especially now that goodell who is the former ambassador to germany is now with the d.n.i. here in the us well a couple of things that's why i think that mark was in the same situation and for once that boris johnson is which is she's caught in the middle she sees the china as a great trading partner and she also wants the us as a big trading partner so she's caught in the middle i do think one thing about going well though i think that all this sort of insinuation that that he isn't qualified doesn't know what he's doing a lot of that comes from the left where you know he's the 1st openly gay male to be appointed to this position i think if he'd been. a sort of if the democrats had appointed him he would have been considered a dolling but he has alienated markel and i remember her saying for the in a wall street journal interview she did say something like he is a challenge to deal with so he's ruffled feathers before and he's not going to stop i think he's putting his foot down. with regard to what way and now a search over here talk about google for a little bit the european data protection were warned that google's acquisition if it could pose a privacy risk they said that quote the possible for the combination and

accumulation of sensitive personal data regarding people in europe by major tech company could intel a high level risk to security and data protection so it appears that european regulators are continually taking on tech giants so what are their concerns and where do we see this going forward 1st of i think the e.u. is doing what they do best which is regulating more regulation any other regulation anything to. control global companies beyond in all seriousness i think the 2 things that are being overlooked in number one for the 28000000 users of fitbit they're already having the information that google could have access because it's on their android devices so it's already been their number one number 2 or google has actually stated there's absolutely no way we would be betraying the sensitive data of our users and using it for any commercial purposes or using it for any advertising and i think the 3rd thing to consider is that the google has very stringent encryption standards that unless accessed parson google can access the information so i do think this is a lot

a lot of hot air by the european union over really not so much and this deal took place in november why they're coming up with this now is a little bit surprising really for which board member of the british american business association thank you for your time pleasure to see a big point of its biggest daily fall in 3 months on wednesday setting up a tough day for big bulls prices were respected near the 10300 mark but then fell by $800.00 to just about $9300.00 in just 30 minutes it was the single biggest one day drop since november 21st of last year on thursday the price has been hovering around 9500 so did you expect this. so i what i saw was that i saw getting rejected at the 10500 mark before so we always expect a little bit of pullback because that. where huge line of resistance is so when you have that line of resistance you expected to kind of puncture through with enough volume but since we didn't get enough volume and then couple that with the unexpected fact that by and decided to go offline for about 5 hours of training

yesterday that also contribute to a shortage of liquidity so that i believe contributed to the drop but i don't think it's anything to worry about in the long term so i've been told that we have been back so we can bring back and swung back into this bed i don't know if you heard. her but we're going to the next where we're going with that i mean what happens we're going to see big fall below 9000 again or are we going to see these balls push the price back up because i remember this and this was maybe about a year ago you told me not on the air but you said we're going back to 20000. i don't think we'll get back to 20000 i think that it will eventually happen but i also said i believe it's going to take a long time to get there it was not going to be as quick and that's actually a good thing if prices rise the way that they rose 'd at the end of 2017 that was a positive for the market it was a lot of people trying to get in not because they actually saw coin as a sustainable currency or as technology they saw it as a quick way to make a quick buck and that's not what it's there 'd for look i think right now do we see it actually drop further than then 9000 it's possible the question is going to be

how did the bulls react to all of this some of them kind of got caught off guard by this latest drop where they when they thought they were going to push it above 10300 it didn't happen but i think the question becomes do we have this new floor of around 9300 or do we drop lower than that to around $9075.00 we dropped in $1075.00 it's going to be difficult to stop it from dropping back down into the mid $8000.00 but if the bulls react positively to this it's a we can push it up higher and they can get above that 10300 number if they push back and do that i think we kind of have a new floor for bitcoin around 10000 that would be a huge positive it's going to take time to get it back up to 20001 of the reasons why the drop actually happened so suddenly was because there were a lot of big bowls who were leverage up to the help so as soon as the coin drop a little bit all of them actually got stopped out it had to unwind a position very quickly so typically as big so do other kept out so what happened to all of the other all kind of dropped. yeah well we saw the same thing happened

wednesday which is big drop in the never when i was dropped as well so you had a theory and dropped about 19 percent. dropped about 9 percent doesn't like what it was down 12 percent so when cash was down 12 percent the huge drops for all those all coins and that's not surprising and unfortunately today 'd you know big winners only come back up about $200.00 from where to drop and it looks like in the short term it's starting to drop again and they actually go as you know kristie down to around you know 910201 this latest one but again you have to look at and i know i'm kind of the optimist if you have to look at the historical trend $9000.00 is being kind of the new floor is a very high floor for big corning which just a year ago was sitting around $3000.00 right before it started climbing again so it's a significantly higher position than what it was and of course as we talk about this thing that sounds like it's coming out of the stephen king novel the have the which is on its way all these it would drive prices up even higher than that so very

exciting for that to come up cryptocurrency analysts emblem bus co-host spence one thank you so much because things. so now it seems like jocks and the north can be friends after all as a talent soccer team to ventus is going block launching digital collectibles of all star players on the block chain enabled fantasy football platform so rare so rare provide a soccer team management game with digital cards created on a theory and representing players that fans can collect and trade these cards are non fungible tokens and certain players such as christiana rinaldo will be made digitally rare and thus more expensive and desirable to own this is the latest in the trend where we see companies trying to bridge the digital world with the physical no kristie i've noticed there's a lot of black as a gamer myself there's a lot of block chain games and a lot of them are like these card collecting style games though this one is both card collecting and it relates back to the real world because you get points based on. your real world players are react like you would see in fantasy football but

why do we see the card collecting style games actually mostly in boxing because this is actually the one type of game that is actually you can play online because we see a big climb become very popular the entire gambling crowd and then also the collectible crowd you see krypto case to make a quick case became such a boon it was because you were collecting the best genetics between the kiddies and the mashing them to go says the same thing with this because these things have inherent value well that is fascinating that's it for this time because blue bus on demand on the brand new portable t.v.'s available on smartphones through google play and the apple app store by searching portable t.v. or stream is to your t.v. by downloading the portable t.v. app on apple t.v. and online at portable dot tv orrible t.v. is going to be available on more of devices very soon are as always take it out on you to. take the next time.

lists lists lists. looked. and very well might continue watching on since last. what politicians do. you put themselves on the line they get accepted or rejected. so when you want to be president. or somehow want to. have to go right to be for

us it's like them before 3 of them or can people that. i'm interested always in the waters in our. quest to. nuclear power and so become a battleground in the us in vermont people love demanding the shut down of a local plant from yankee is right now my focus because it's a very dangerous. power plant the owner is attempting to run the reactor beyond its operational limits this case just sort of puts a magnifying glass on where's the power in this country where is it going is it moving more towards corporate interests or is it more in the idea of a traditional participatory democracy as are power lie with the people this case demonstrates that struggle in very real ways. a struggle.

in the troubled 19 seventies a group of killers rampage 3 parts of northern ireland that was coordinated loyalist attacks particularly catholic population in belfast tens of thousands of forced to flee their homes and what was striking about these attacks was that the are you see the police actually took part in the attacks so instead of preventing it they were active participants in the burning of the streets in belfast i think more than a 100 innocent civilians women. as the review can seniors and we found out more i was surprised about the extent and of secrets which the collusion was involved in some of those cases the killers would lead to be named the clinic. i think. very. i think if. you. give the go ahead.

russia is called in to help the syrian army repel an offensive in italy of the province launched by militants with the support of turkish troops. germany mourns the 9 victims of wednesday night's shooting your friend chancellor merkel condemns the poison of racism as the suspect is believed to have had motives. ukrainians protest against the arrival of the compatriots who have been evacuated from vehicle rotavirus epicenter in china and are now under quarantine.