hunting for russian citizens around the world the russian foreign ministry has repeatedly issued warnings about the dangerous and risks associated with similar actions by the american intelligence services and indeed other cases would seem to back that up for example alexandra vinick is a russian national an entrepreneur who was arrested in another european country nearby greece again out the request of american authorities now washington claims he's been involved in some sort of bitcoin involved money laundering scheme something that the family to noise similarly an executive of a russian state company was arrested and it's in the last year again at the behest of washington so you definitely saw echoes that as for this current case with. moscow of course is trying to get to the bottom of it that we're following this story as well way. coronaviruses impacting the chinese economy plus still going dispute with the well way in the u.s. and more on boom bust.

most people think just stand out in this business you need to be the 1st one on top of the story or the person with the loudest voice of the biggest raid in truth to stand out of the news business you just need as the right questions and the right answers. question. this is the one business show you can't afford them and i'm christiane and i'm burning more in washington coming to toronto barack has taken

a toll on china but how is the nation responding to the threat going to break it down. huawei is back in the hot seat of the u.s. as the motive a major critic of telecom giant which topping i would visit in the country we look at the big picture. the full run in the credit markets a coin has taken a nosedive but what's the reason behind the slump we'll dig into the did what it means by the 2nd going forward. today the less so and dive right in. u.s. and european markets slipped today as the number of coronavirus cases outside of china increased especially in south korea and japan researchers are finding that the virus spreads 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 oral or body fluid routs corporate earnings have also been disappointing adding to fears about the global

impact of the outbreak manufacturing p m 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 the number of 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 by a rate cut major lenders reduce the one year loan prime rate by 10 bits to 4.05 percent in an effort to ease lending conditions as n.p.r. now warns that banks space 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 a 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 the opening and workers were quarantined at home. i phone maker foxconn is cautiously restarting production at its main plant in china and warned on revenue guidance plants in 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 in fact is taught horowitz chief strategist the trading so we know already that apple rescinded its march quarter sales guidance and that the i phone 9 will probably be delayed so do you expect these issues to be transitory or will 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 is very back you know look i think that we've got a new was coming and it really depends 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 that they've got it in madrid ready to go so i think that it should wash itself 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 either stock to continue to rise kind of like you know under delivered over or over e for under order 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 a recession so i get a cone of i which 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 different places are saying for example you know apple you've got. or you know anybody there is either preparing to slow down their sales so that doesn't hurt your stock too much or you're preparing to 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 and you know where it comes from and we know that there's an effect but but how really big effect that is and what areas does that affect all the plants that 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 another 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

again eventually we know the economy of the stock market split offer is that i think they are going right now are saying 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 secret's problem actually began way before the corona virus outbreak so al brands is finally selling a majority stake to private equity firm for one by $1000000000.00 so what's the story there and how well victoria secret's the brand evolve from here. what i think i think 1st and 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 not exactly

a 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 right you get to break buy anything on amazon so you. we 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 another 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 to tire trading and equities business becoming increasingly slimmer as e.p.a.'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 or trying to accumulate 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 that someday there are no up again and the big with the brokerage business ok they are money is made more on the overnight rate ok so they want to accumulate assets it creates more business that's why they 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 other 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. all right now 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 $3100000.00 in the last month 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 dunnit. this is very familiar not good 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 volatile 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 that forces 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 are both the well overvalued at this point so either the market's in the gulf or 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 harris to try just above the 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 the precedent and opportunity to apply digital technology to create new opportunity in mexico as part of this investment bit creating a new data center region in mexico to deliver a comprehensive intelligent secure all and trusted cloud services to help of the

organization really get an advantage and drive the digital transformation mexican president manuel andres 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 investment the country's economy contract by point one percent and 2918 the 1st annual 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 this 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 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 tech going forward and as we go to break here the numbers at the close. show you my face i'm going to tell you my story. 93 this may. take a charged with capital murder even though he didn't have the gun didn't pull the

trigger didn't intend to kill anybody. living in your van. with the scent of a $23.00. confined within the green. leaves room. what holds an excuse. they put themselves on the line they did accept the reject. so when you want to be president. some who want. to go on to be this is what the 3 of them or can't be. interested in the water. they should. become

a battleground in the us. people of demanding the shut down of a local plant. is right now my focus because it's a very dangerous nuclear power plant the owner is attempting to run the reactive beyond its operational limits this case just sort of puts a magnifying glass where's the power in this country where's it going is it moving more towards corporate interests who are. more in the idea of a traditional participatory democracy is our lie with the people this case demonstrates that struggle has very real ways of struggle. and welcome back the trump administration is continuing its pressure campaign against the you've got u.k. regarding their decision to allow while way 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 in. i'm 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. is 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 competitive 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 payoff to really drive forward and continue to increase if you missed 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 hillary for which 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 the u.s. 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 on 2003 actually you know hugh grant played the prime minister member was a scene in there which was like to think like oh yes hey we're not going to be bullied by the u.s. so yeah you're right brand 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 cabby out 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 networks in the u.k. they haven't been installed there they have not been stored in times of any military bases and have not been stored in terms of any nuclear so i think there's a middle road to the middle road is. the u.k. is trying to appease china obviously as 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. try to not alienate the tribal ministrations so i think they're caught in the middle but it's almost insulting because the u.s. 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 i didn't see any scenario where these 2

nations will be able to share security and intelligence data together due to disagreements over 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 is 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 fact in this whole 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 use unsavory

telecom equipment huawei is what he didn't say but that's what he meant when 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 i think that muggles in the same situation and for once the 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 darling 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 an accumulation of sensitive personal data regarding people in europe by major tech company could intel 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 but 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 will 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 in 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 follow in 3 months on my. setting up a tough day for big bulls prices were respected near the $10300.00 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 1500 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 is where a huge line of resistance is so when you have that line of resistance you would

expect it 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 trading 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. i've been told that we have been back so we can bring ben swan back into this and i don't know if you heard christine 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 we're going to see these bulls 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 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 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 a big 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 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 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 they can drop

a little bit all of them actually got stopped out and had to unwind a position very quickly so typically as big goes so do other kept out so what happened to all the other all kind of dropped. yeah well we saw the same thing happen when say 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 was down 12 percent so when cash was down 12 percent a 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 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 excited for that to come up cryptocurrency analysts have been bust co-host spends 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 to launching digital collectibles of all star players on 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 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 they climb become very popular the entire gambling crowd and then also the collectible crowd you see krypto case in the market quitting the case became such a boom it was because you were collecting the best genetics between kiddies and the mashing them to go says the same thing with this because these things happen here and value well that is fascinating that's it for this time you can catch 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. on apple t.v. and online a portable t.v. horrible t.v. is going to be available on more of devices very soon or as always take us out on

you tube. the next time. financially i don't know if i'm honest. some of my ex in the future don't cry for. the pay you know the movie. but it's certainly one of. the few much that it was a little bit more about they're. going good sort of producing it already seems. you know may seem strange. to be.

in the wake of wednesday's terror attack in the german town. he defends itself against claims it's fueling extremism. fighting intensifies and serious crisis stricken province with government forces on the russian backers repelling an offensive on rebels look at what's at stake for the external powers involved in the conflict. residents of a central ukrainian town clashed with police as the authorities attempt to place about china. prevent the spread of the new virus.