entity listing and it will allow certain technologies to be released to walk away and its affiliates if it contributes quote to the revision or development of a standard in a standards organization will the u.s. added why wait to its entity list in may of 2019 this was over national security concerns a claim that waterway has repeatedly denied but in an interview with fox business commerce secretary will ross clarified that this new role is not to help walk away but simply to quote help make sure we have ubiquity in 5 g. adding the change is really simply a clarification it isn't that we're doing something to help our way what we're doing is something to make it easier for global standards to be symmetrical ross reiterated national security concerns remain over while was 5 g. and said that spying is a very real issue will the rule is scheduled to be formally published this thursday . for more we are joined by the host of economic day and author of understanding

socialism professor richard wolfe professor as always thank you for being with us today let's start with the shares in chinese telecom companies that have jumped following these loosened sanctions as i just mentioned u.s. secretary of commerce will be while we remains a serious national security concern but is this the start of the u.s. essential e backing down. absolutely if this is a should leave the united states widely expected for some time and as a response not only to pressure from american companies that want to walk away and rely on business with. initial pressure from all the countries germany is a prime example that have already embedded while way. which is among the best in the world i mean a little dish in the long run jus won't be ready as better chips will go to the united states. in telecommunications and this is the recognition that the chinese

really already completed or you believe the highest level and yes it's. because you become too expensive for the united states who legally or economically well hold on to this pasture of. chinese will prosper while weight has been at the heart of the us china tensions at the heart of the trade war now that the phase one deal has been signed and both countries have touched on the progress that they've made a former finance minister and cabinet adviser for china. last week actually said that the 2 countries what it waste or shouldn't waste any time rather on improving their relations he said quote china emphasizes that we should work hard together to ensure the implementation of the phase one agreement are we essentially going to see the u.s. a lemon a all sanctions against wall way and a possible phase to deal. well i think it's a political question i think the chinese are quite right they understand american

politics this is basically now a question whether the administration of mr trump going to be election will want to position itself as a good tough and the chinese or the person who is making a deal with the chinese that will benefit the u.s. economy one of the other strategy will be chosen and then the public relations will come out the way mr o'rourke strike to say we were just as concerned about security as we were before which is the opposite of what he said a couple of months ago this is a political issue now to be determined by the strategic plans of the u.s. that ministration it's been a political issue for quite some time now i mean on the show we've previously discussed weiwei and like you mentioned while wayside the patents now of the telecom giant owns most of them on 5 g. how will the u.s. essential how will they at the how they'll have to essentially pay wall way write the spite the span of what's going on there. well the 2 leading technologies in 5

g. are the finnish war ration erikson and the wildly cooperation of china the united states has been defeated in the area it's not the cutting edge and by the way punishing china makes no more sense than punishing finland if the parent country got ahold of the thinnish access codes the same issues would arise what's the world is interconnected we are already linked in many ways look how quickly the virus spread from one corner of the world to the other the notion that you can identify and punish one country and control technology is wrong it never works and i think this is all a recognition that china has now fully and the world of leading technology and will be there for the foreseeable future or faster if i want to take it over overseas her for a minute here and now that the u.s. seems to be easing these restrictions well and brazil for example recently the u.s.

ambassador to brazil todd chapman told that is how paul and his paper that the 2 countries there and talks to fund this new 5 g. product and they're saying that this would allow the u.s. to fund nokia and ericsson equipment and installation by local brazilian talcum companies what do you make of this continue fight for to be the 1st in 5 g. and in the specially in these major developing countries. well i think data really cut their deals with while away and they don't want to lose of and the americans are not prepared to give them the amounts of money we've got because we're talking billions of dollars to make an expensive shift a shift it takes a long time this is the same concern that has led the british to kind of not deal with the united states on this day it's made the germans threaten the united states that if they push through we're just the germans are going to suffer and they're going to make the united states pay for that you put all this together and it just

isn't worthwhile to go. charlie you got to carry you know what should. or so and. when you fill out so where he lives and and then i want to see the only brazil anyway we won't wait. to do more and we're learning 5 g. is practically and evitable without some sort of wall way is what it seems professor richard wolffe host of economics of day and author of understanding socialism as always thank you for your time today thank you. the boeing 737 max jetliner has been grounded since march of 2019 after 2 crashes killed 346 people for more than a year congressional investigators have been seeking documents and interviews with f.a.a. officials in an investigation to see if boeing and the f.a.a. had a cozy relationship and overlooked problems with at 737 max well today the federal aviation administration chief testified before the senate commerce committee our

future products joins me now with more on this affair and what did he admit to the f a a and boeing did they have a little bit too close a relationship so there i mean to say that chief steve dixon was grilled by senators today is a total and complete understatement you had tons exchanges between all the senators and dixon but the short answer is he did not admit to the the f.a.a. and boeing being too close unfortunately the senate's investigation in fact the f.a.a. has been stonewalling lawmakers actually by either taking forever to turn over documents that they've been asked to give congress or just not even turning them over at all which was the committee's actually biggest frustration today listen here. but you make every document bailable every document it's an easy question it's an easy question is it is it will you make every document available for the public. senator i'm not i'm not sure what normal protocol is on that but we will be as transparent as you possibly can no no that's not the question not as you can

that's what happened the last time you weren't transparent the last time will you commit to making every document public. sooner i'm not i'm not in a position to commit to that at this point well if you have not been you're caught a cover up well also a surprising fact uncovered by senator ted cruz of texas listen here. has anyone at f.a.a. been fired. there have been changes in leadership in various areas no one has been fired over this particular matter up to this point had anyone been disciplined over this matter. no not specifically so unknown somebody made unspecified mistakes for which there had been no repercussions is that right i would not say that there would not be reap repercussions well please tell us the repercussions the repercussions or that we or we have significant reforms we're making to the process. so yeah

a tough day for steve dixon but he did say that he is committed to the oversight process and he also did admit that both the f.a.a. and boeing did make mistakes when it came to approving the 737 max too soon however it is important to note there that since these 2 crashes happened actually had a number of people fired over at boeing including their c.e.o. dennis mullen burke who was let go back in december welfare and this comes just a day after a new bill was brought forward the aircraft's safety and certification reform act what does that bill contains so that this is actually the most significant step towards accountability following those 2 crashes because it is forcing lawmakers to look at how the f.a.a. approves new airplanes now this bill completely eliminates airline makers like boeing from having an influence on the certification process the bill gives the f.a.a. a total of 40 to hire or fire boeing employee employees doing f.a.a. certifications it brings in safety advisers and also protects whistleblowers because as we saw with boeing there were leaks text messages between pilots about

the 737 max during the testing phase saying the systems were faulty but they were too afraid to come forward and well it sounds like congress is putting a lot of responsibility on the day but like boeing they too have made mistakes and how is this going to look going forward so it does help the i think they obviously as you said have more authority but it's also very very easy for congress to say after the fact however congress is just as guilty and all that went down with boeing listen here. congress has allowed things they are allowed and given levity to on certain things and you know. i think that they do they have good faith in what was going to be doing with this with this authority that they were going to but i think that it's been abused that's the congressional power they have been given the money by congress to to to fund these cuts of of this story operation so sarah when it comes to funding and this bill you know dixon says

that he doesn't he doesn't think that the f.a.a. hiring and firing that's going to add to the safety process but as far as the bill it would actually give the f.a.a. $150000000.00 over 10 years for the new training procedures and that's something that dixon said would be extremely helpful for the f.a.a. let's hope for the r.t. correspondent thank you for that report. markets are on the rise or to hold onto this 4 day winning streak coming out of tuesday sharp gains we want to bring in a room with co-host christi i to talk about the markets kristie what's going on here. well doesn't look like the market optimism has resulted in a kind of an over what situation here and especially as we move forward we're going into the summer lol well it won't be any that much new data or catalyst it's going to be a data law it's going to be a data vacuum where liquid you know will also be very thin and so that's going to impact trading and volatility and we might see some dramatic swings up or down but as one creator in all week or pretty much all month long the market is being kept well supported and fully inflated by the constant injections by this of

a bank this is a very well supported market here and it's hard to keep that down so right now there is a bias for positive news over negative news however there's still a lot of concern right now as beijing has just reported that it will be shutting down schools again amid a resurgence of one of ours outbreak we all priced in this recovery a sharp quick recovery and a bounce but how can we get that when the reality and the data showing that a 2nd wave is already coming as new cases are escalating again in asia texas and arizona where you just mentioned the big bounce what are we looking at here this year shaped recovery v. shaped recovery so many predictions here what exactly if anything can you say we could possibly expect especially with the 2nd resurgence. well given the data so far it's very difficult for me to believe that we will even get that balance or you bounce now that we're talking about the economy here not the market to be very very different thing seeing as how the market has just completely decoupled from reality

with all the support and actions and given so look we've had a weaker than expected industrial production and may manufacturing output it's still new to lows of the great recession and capacity utilization is only about 2 percent higher than what it was during the great recession retail sales apparently surged up yesterday but off of the very low base and the numbers are still well below pretty pandemic levels and then the stimulus checks they helped a bit at the 1st time around but now i'll keep us and all of it and they skipped out on mortgage payments and credit card bills there's about 30 percent of americans who do not pay their mortgage payment last month so what's going to happen a month later from now when all of that comes due again and then on top of that we still have $20000000.00 people out of work and not liking to be working the same number of hours again come the summer so with all this it's really difficult to believe that the economy will bounce right back to the way it was before certainly doesn't seem like it that was boom bust co-host christine i hang here because we have more to discuss with you right after the break time now for that break but stay here because when we return we take

a special look at and what we can expect from the cryptocurrency in the age of the coronavirus now as we go to break here the numbers are. we go to work see you straight home from.

the deep history of the book of just a non-conformist utopia or a politically correct tell take your dig nonetheless the experiment being played out in seattle is no laughing matter the ideas of law and order and the legitimate use of force are at stake a piece of advice go visit shots before chasse visits you. in the troubled 19 seventies a group of killers rampage through parts of northern ireland that was coordinated loyalist attacks to take the only population of belfast tens of thousands were forced to flee their homes and what was striking to point these attacks was that the r.u.c. the police actually took part in the attacks so instead of preventing they were active participants in the burning of coal streets in belfast at the time more than a 100 innocent civilians were unloaded as the review can seniors and we found out more i was surprised about the extent and integrates which the collusion was

involved in some of those cases the killers would later be named the dylan and getting i think it went to the very very top i think it is cross the water where all the patients you thought was going on and give the go ahead. 6. console you can't get away from advertisement and gene you change your appearance as many local people see plastics. surgery is a prerequisite for a successful career employers are most interested in the job seekers appearance as a graduation present cameron is often don't use plastic surgery for an extra few in the islets to make their eyes of the bigger. most every teenager dreams of looking

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issues with spotify filed a complaint over apple allegedly restricting rules for the developers that use the app store and limits users to choice to favor its own apple music service will rock attend filed a similar complaint alleging that apple takes about 30 percent commission on a ti books while favoring its own apple books will in effect an investigation it's looking into apple pay and whether or not it violates e.u. competition rules the e.u. is concerned that apple is limiting or disabling altogether in purchases stems e.u. executive vice president margaret messager said it appears that apple obtained a gatekeeper role when it comes to the distribution of apps and content to users of apple's popular devices while apple defended its practices on both fronts and said . it's disappointing the european commission is advancing baseless complaints from a handful of companies who simply want to free ride and don't want to play by the same rules as everyone else. to coin is on its way back up as the world's largest

crypto has climbed up over $1600.00 again as it attempts to clear that $10000.00 mark with a question how will that quinn break through this resistance or will it come back down again well joining us now to discuss our boom bust co-hosts christiane and ben swan chrystia let's start with you what are we expecting to see or what do you what do you think will come from that coin over the next few days and weeks. well right now i'll toys are actually the ones that are contained just show a good sense of dominance but with big question we're back in the ascending ledge so i'm actually pretty neutral here rather than overly optimistic we bought the diff and back and now we're back in the mid 9000 where you have some very stable solid support but i would be a pragmatic optimist here because what is concerning is the lack of volume there's not * a lot of follow through not a lot of trading going on fame as we just mentioned in the equity markets right now as we're going to the summer lull so what we are going to watch here if we do get a breakout the next thing we're going to be looking for is a new relative high and there's

a lot of evidence that we will be getting that soon because in particular with the looking at the pilot always what these hallways are in active held by these die hard because when investors long term holders the core base so right now we've reached a 4 year high in the hallway it's now over 60 percent so that means that there are more people taking short term positions and out which means less volatility in the market and i supply and demand go with increased ability and more long term holders we're building 2 larger and larger bowl cycles and each time you come the next wave well then some analysts are saying that they coined could even climb as high as $12000.00 why is that. yeah i think what christy just said really bears into that as well which is essentially this that big coin has found kind of its new low which is around 8600 and if that becomes the new low the not the 363500 but 8600 now we're looking at a new kind of jumping off point so as far as moving past this 10000 dollar mark i

think we very well may do that and some analysts are saying we could go to around $12000.00 that absolutely could happen because we're kind of looking at a crucial moment here that determines whether or not we're going to surpass this $10000.00 or we're going to fall back but at this point in the end what krissy just said is critical here that there is so much kind of volume right now and momentum behind what's happening with bitcoin not a rush like we saw in 2017 of new people jumping in but a holding firm of where we've been but i don't think we're going to see it slip back i think we're going to see it move beyond that 10000 mark breakthrough that ceiling and then head towards 12000 so effectually it's people who have already cryptocurrency that claim for a long time who are further investing in it right. but it's also not it's not this money flipping scheme that we saw in 201720178 lot of people jumped in because they heard about this thing where if you invest today it'll be worth twice as much tomorrow you had a lot of that that is gone that's been kind of shed from the market and with good

reason and now we're in a much more stable place well kristie earlier this year san diego based silver state bank which boasts $2300000000.00 in total assets well began owing its customers to apply for loans collateralized by bitcoin how that digital currency exchanges that are also silver get customers well are we about to see more of dollars being borrowed with crypto as collateral here. absolutely and it's certainly interesting and it's really big news for the traditional institutional investor community but really this is something that has always been in the cards for the coptic community so i mean it's great news that you now have a name brand institution such as silver again back in your make. loaned out against it for you collateralized the asset but then again the entire point of crypto is to cut out the middleman get rid of it be a fully decentralized trust less system so when you look at top of the defined network has actually really mature throughout the year of 2020 now in particular the compound protocol on any just launched recently and it does the exact same

thing it allows you to lock up your crypto earn interest it's a smart contract that you have absolutely no interaction with a 3rd party software provider like the big 8 and then on the other end of it you can lock up and take a loan out on it in the form of us thinking that if he credit or any other token collateralized your so in effect is doing the same thing as over again but without the middlemen without having to trust an intermediary broker and without those heavy heavy origination fees just basically do gentle at lending pool without putting all your eggs into $1.00 basket trusting the market or trusting another institution to hold your asset so that's the really amazing thing that comp token the 1st day that it launched it topped the ranks for the fire and it will now the largest that indeed on the 1st day of trading meeting makers are we essentially going to see an increase in that these loans. absolutely because right now people do not want to sell out of a point as we just established these are going to be long term holders so these

long term holders still need to make rent payments don't have expenses every single day that they need to pay out in u.s. dollars so what the fine or does what they'll get allows them to do is to hold onto your bitcoin collateralize a big point and take out these loans against an us that you can then use every day and says center stage how people are because they're seeing such a rise and it go up so much that they're putting a lot of more money into said investing into it knowing given the times that we're seeing right now but then this summer the u.s. supreme court will consider how to interpret the 1906 computer fraud and abuse act which is a key data protection law this could have a huge impact on. krypto why is that. yes so it's the c.f.a. essentially it comes down to a case right here in georgia where i am of a police officer who essentially accessed the police database he was had at the authority to access it for law enforcement purposes instead he access that for

personal purposes and so essentially committed a crime that's ultimately what the court found and it's gone through all the way up to the 11th circuit court of appeals now headed to the supreme court the reason this is significant is because essentially what it does is it decides whether or not an individual is breaking the law by doing something that many people do which is take a use of the computer or computer program for a specific purpose and use it for something else in an official capacity that would have a huge effect on crypto currencies from a crypto perspective essentially and let me just read to you how this would affect it would it affect those who spoof churn or wash trades they may be subject to criminal liability under the c f a if that activity violates the exchange of terms of use and so essentially there's a lot of action that takes place on the crypto side that may not technically abide by crypto exchanges terms of use and if you act differently than that in the process or any attack on a block chain network could essentially are not regulated as an illegal sort of

regulation then coming into that. was one of those regulation it's taken in the existing law and it's in it's criminalizing it in a way that it had not been used before so that in the case of the police officer just so people understand the actions of the police officer had been done by many police officers probably in the past right you have access to a database for official use and you use it in a way that it was not intended for personal use that happens in many cases but this is the 1st time that it's been treated as a criminal act and that's why it's significant when west coast spends so on and christie i thank you for that panel. i mean that's it for this time you can catch him bust on demand on a brand new portable t.v. up a mailbox mart phones there of a play on the apple app store by searching portable t.v. or stream us to your t.v. by downloading the portable t.v. app on apple t.v. and online a portable the t.v. with you next time.

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just living do shit what's in your records. where you are just is what it is really one case to come up with. the underlying idea of the workshop is a calendar of happiness which they fill for a whole year to find joy in the little things and. let's say. the guy down the block from our yield is counterfeiting mining any viable stuff he he he created an extension. so you got a new boat you got a new car plus 5 new cars you've got another new boat he brought a lot of jewelry he's living large would you say. well i'm not tree is this or that lee heading into that guy's house because he's able to counterfeit

money and spend the money would you say that i mean that's not hard to comprehend. hello there i'm an election and you're watching in question broadcasting from our team america's national news headquarters in washington d.c. we want to welcome our viewers problem across the nation and all around the world here are tonight's top stories 1st india and china are calling for peace following one of the deadliest border clashes between both countries in decades and a full report straight ahead then the f.a.a. chief was in the hot seat with lawmakers accusing him of stonewalling the probe into a boeing $737.00 matches jets we've got the details for you plus n.b.c. news coming under fire for reportedly colluding with a british watchdog group to smear to media outlets our panel of guests will weigh in on that all right it's time to.