i have a packed show for you today so let's go into a very. big news for one of the fastest growing messaging companies in the world as russia has now officially lifted the ban on the private messaging service telegram russian officials say the ban was lifted after the company showed willingness to help with counterterrorism efforts telegram is a messaging company with over 400000000 active monthly users and it had been banned in russia since 20 teen communications watchdog odd source said in a statement ross codd door is dropping its demands to restrict access to telegram messenger in agreement with russia's general prosecutor's office now for more we are joined by bus but juan and kristie i then let's start with you why was this ban lifted at this time and was a truly over telegrams founder saying that what he would do or he would do more actually to combat extremism. yeah i think it had been very little to do with

combating extremism it had much more to do with the fact that this ban on telegram was completely ineffective and all about 15800000 dresses were being blocked out including accounts on amazon and google clouds it was severely affecting russian businesses but here's the most interesting part of it even though this ban has been in effect for 2 years there are 2 years that the russian government has said you cannot use telegram because it is a dangerous system to be used even though that was happening russian government had accounts on telegram including the russian foreign ministry and the coronavirus task force in russia they all have official telegram channels so we you know when you're losing this thing by attrition when you place a ban on using a certain service and the government into d.'s are forced to use that service because so many people are on it that's a very interesting you say that. being a little well have a critical would you that banning people from using it yet the government using

themselves could sound a little familiar christi we know that telegram has boasted reaching 400000000 monthly active users which is more than double what it was just about 2 years ago now was this ban a simple or a simple just to losing a fight. it was a losing fight from the start really it was very similar to china's restrictions when it came to blocking certain sites i just facebook this ban was also pretty ineffective as vendors point out russian continue to find ways to use telegram and over the course of this 2 year ban telegram actually increased its user base in russia from $10.00 to $30000000.00 users and it wasn't just because russian users were that tech savvy to be able to find ways to proxy in and around it telegram was actually also quite smart about it and use a technique called domain fronting in order to get around the block for the 2 years now this method essentially hosts a service on another company's system such as google and amazon and effectively hides the traffic sources so as a result walk telegram and turn use google and amazon holsteins there is it so it

looks like the traffic was coming from google and not telegram and it was really quite ingenious as you can imagine as there was no way for the censoring authority to weed it out so it's been a thorn in the government's side for quite some time and of course at this point in order to save face the telecom watchdog said it was only now lifting the ban due to telegrams willingness to tackle terrorism extremism well could this ban have been lifted because so many people were still using it. well absolutely but there's also it's just completely ineffective at simply just trying to control the messaging but as ben just pointed out it's really i don't when the government officials are actually using and trying to corner coronavirus with relief efforts well then wasn't a huge part of telegram strategy to also then deploy the ton cryptocurrency which is a project that is now dead and speaking of crypto currency during these times many are turning to digital currencies especially with the weakening of the u.s. dollar. yeah absolutely i mean it's said to me that the tom project came to

an end we talked about this on the show in the last couple of weeks but you know that project came to an end because of the f.c.c. here in the united states and the judge will essentially ruled that no one anywhere in the around the world is allowed to be a part of this project regard. if whether they're u.s. citizens or not because they might get around it which is kind of interesting that we're we're talking today about russian authorities recognizing they basically lost a war of attrition to telegram because so many people were using it and the ban was ineffective what that u.s. judge did a few weeks ago was essentially the same thing saying we know we'll lose the battle of attrition to telegram if we allow that tom project to go forward because we know that people in the united states will find ways to get around it now i think the judge was wrong in that ruling people should have the right to make this decision to be a part of this project if they choose to but were telegram is truly powerful is that you have this this blog chain based system that's in effect and it's creating

this encrypted messaging where other big tech companies here in the u.s. have have failed to truly protect users and their and their privacy a telegram doesn't do that so i think the strength of telegram and i would hope that at some point it would be able to return to these original ideals of helping to prop up and move forward the crypto market and i know that's the passion of the founders when i want to stand crypto here for a minute kristie today the former chief economist at morgan stanley just made a not alarming prediction saying that the dollar crash is actually happening what's going on here. so this came from stephen roach has been a morgan stanley economist for the past 30 years and he's now forecasting a 35 percent drop in the u.s. dollar value against other major currencies and he expects the u.s. national savings rate to sink in for into negative territory then i has ever done before an economic history and that the changing global landscape now paired with a massive us budget deficits will spark this entire dollar crash and america right

now is is walking away from globalization and right now it's focused on decoupling itself essentially from the rest of the world and with such a crash it could spark a late 1970 stagflation crisis when prices rose heavily and sharply without any economic growth so right. no the era of the us dollar privilege which we actually talked a lot about on the show with the u.s. dollar being the world's reserve currency and benefiting massively from its stability and credit that era of dollar dominance is now coming to and as such this again gives a lot of credence and support for the entire bit point the excess because history has shown that money printing has always been a problem societies to try to print their way out of debt and that has never really ended well now was born from the last financial crisis and now we're witnessing all these liquidity injection the means end it's all over again because monetary policy still remains untouched and i strong as ever now with hog over 90 percent of all

the new declines that are being mined adding to positions faster than ever in 2020 well then now investors are sitting on top of the biggest pile of cash ever funds aren't really vested at this point so in the event of another crash down would be t.c. actually benefit from this or will it also get dragged down in the liquidity crunch that we saw back in march well i think ultimately it will benefit from it and there's a couple of reasons for that the biggest is this that as chrissy just rightly said was born out of the original 2008 financial crisis which is going to pale in comparison to what's happening right now because even though we did see the beginning of the q.e. secure we won in $2.00 and $3.00 that was just the very beginning it was nothing compared to what we're seeing right now the federal reserve has overstepped its bounds so immensely in the last few months it's absolutely incredible the printing of u.s. dollars right now is staggering and how the fed the federal government is treating all of this is simply to say we just need to print more and print faster and so i

think what we're ultimately going to see is it's not just big coin that will benefit from this one thing that's come out of that coin are these alternative coins as they're called old coins that really have different kinds of functions so when people say crypto currency it all sounds like why. big basket of the same thing competing versions of the same thing it's really not in reality there are some significant differences between kryptos and so i think what we're going to see is growth in the market growth in the big market you're going to see more people moving to that and once again it's going to be born out of crisis and out of a crisis people will say how can i find some kind of hedge against what governments are doing that i have no control over and i move to a peer to peer based network that is decentralized where there is more security kristie a quick answer here the bank of talent is also launching a project to pilot this test at c.b.c. the central bank digital currency payment system and real life businesses using cases they are not the only ones though as a conversation started to launch a u.s.

official dollar has resurfaced again what do you make of this. i think that this is actually very dangerous because i know it came from a very good reason they want this digital daughter dollar in order to get around the payments to americans that they're on their stimulus checks but thing is the federal reserve wants to create this digital quine because it wants to be able to track any and all transaction in the economy and prohibit transactions for any reason so for example the state want to prevent someone from traveling it could block the person the bill you could live by plane ticket or gas not to mention every single coin can then be confiscated and shut down out of the financial system in extreme cases so in these terms this is a country a state controlled currency means the state control individuals well this is definitely something to keep an eye on because it would mean much more regulation but west coast spend so on and christie i thank you both for your time today and

thank you. it was a good week for markets across the board as we're seeing all green arrows let's start in russia where the molex it's up on the week after a rough patch mid week which we saw the ruble struggle against the dollar as oil prices slid however the index surged at the end of the week on back of nation's central bank cutting interest rates by $100.00 basis points leaving it at a record low of 4.5 percent on friday now let's move into asian markets we're going to see more green here in shanghai the composite had a relatively steady week it ended up one percent on friday the chinese government's pledge to provide liquidity in the financial system at the end of the week qual the concerns of a 2nd outbreak or increased tension with the us in hong kong the hong saying also up on the week it popped 3 per cent on tuesday alone as concerns of

a 2nd outbreak waned will carry lambs comments about the new security law being in the best interest of the special administrative zone it really helped boost investor confidence japan's nikkei is following the similar trend here it popped 8 percent on tuesday alone sony and honda they had pretty good weeks up more than 6 and 5 percent respectively as the prospects of economies for the reopening continue let's head over to india where the sun sets awesome steady gains throughout the week despite the country's weak g.d.p. and p.m.i. data well this coupled with increased tensions with china it proved stock speculation has little to do with actual economic data the end x. ended up more than 1.5 percent on friday over to australia where the a.s.x. $200.00 was also in the green for the week even with this week's gains though the end x. has lost more than 10 percent on the year the all shares in south africa is green after opening the week with a deep plunge investors are keeping an eye on

a supplementary. government budget proposal set for next week moving to europe all 3 major indices are in the green london footsie gained more than one percent friday this is as the bank of england expanded its asset purchasing program by another $100000000000.00 pounds all in an effort to mitigate the economic impact of the pandemic the dax also in the green after a spike of more than 3 percent on tuesday it was pushed up by the construction and health care sectors good news for the economy as the keil institute for the world economy said the country hit its lowest point back in april and it's poised for a faster recovery than the rest of europe in france the cac following similar trends here the country saw that big copper early in the week and it maintained some gains into friday let's cross over to the atlantic where the evo best buy in brazil also up the week the country's central bank cut interest rates by 75 basis points on wednesday to a record low of 2.25 percent to deal with what may be brazil's worst economic

decline in history moving to north america where mexico is in the green well something to keep an eye on here is the peso weekend against the dollar as the u.s. treasury department stop sanctions on mexican companies. over trading venezuelan oil now in the u.s. all 3 major indices are also in the green after last week's huge sell off the nasdaq the s. and p. and the dow all in the green they actually popped more than 2 percent on tuesday on news of retail sales jumping a record 17.7 percent this despite more than 1500000 jobless claims for the week for americans which was worse than expected well let's finish things out in toronto where the t.s.a. x. also in the green based shopify actually gained nearly 6 percent alone on wednesday the energy sector also saw some strong growth pushing up the end now how do you into next week we're going to keep an eye out on. more economic data and really

take a look at the number of new cases of coppa 19 and that's your global market walk. time now for a quick break but stay here because when we return as movie theaters across the united states prepare to reopen we'll tell you just how much money is at stake and what post pandemic hollywood may look like as we go to break here the numbers at the club.

you can be bold with the yeah you like. the simple things workshops and peter's back up public spaces where adults with learning disabilities can engage on equal terms with creative activities like graphics serving ceramics. cookery and joinery. just giving you shit what's it you know what. you know what justice what did you give one case a couple of. the underlying idea of the workshop is a calendar of happiness which they feel thrilled to find joy in the little things of. yes.

the world is driven by dreamers shaped by one person with those words. saying. we dare to ask. as a us reopens the economy and many states enter phase 2 of the country's largest movie

chain amc theaters announced it plans to reopen 450 cinemas in july cinemark is also following sue and looking to reopen its doors well we already know coven $1000.00 has cost the entertainment industry an estimated $30000000000.00 that number keeps growing with each passing day in other countries theaters remain closed china's roughly $70000.00 movie screens remain in the dark this cuts off the world's 2nd largest market 2019 china made up $1200000000.00 of the global box office approximately $2900000000.00 went to hollywood in $20000.00 that number was $3200000000.00 and in 2017 it was $3400000000.00 that went to american studios for comparison the u.s. holly was $11200000000.00 and the 2 countries make up nearly half of the world's total movie ticket sales of $42500000000.00 for more we're joined by paul to take care of com score paul good to see you thank you for being with us today good to

see you sirrah great to be here well paul many theaters are planning to move ahead with this phase 2 reopening next month this is just ahead of some big releases including disney's law on will this be enough and will this help the industry at all. well we got to get started at some point theaters going to open in mid july in earnest i mean there are some theaters open right now and in fact drive ins have been doing very well as people are seeking that outside of the home communal experience but as your numbers suggest me last year was a record breaker in movie theaters with $42.00 and a half $1000000000.00 and like you said every day that goes by when a majority of theaters are closed just both in north america and around the world that's money that's not being earned now of course everyone wants to feel safe and secure when they go back to movie theaters and i think building that consumer confidence is going to be the most important thing that maybe primary and the

movies maybe secondary in the early going and those early adopters moviegoers who want to see milan in 10 it and there's a couple other movies unhinged and the broken hearts gallery opening just before those films they're going to set the tone with their social media sentiment in other words moviegoers who go early or the 1st ones to go out in july to movie theaters what they say about the movie going experience will be extraordinarily important and in the ensuing weeks we'll see how films do over time all paul i'm not a germ of hope my thought but i like going to movie theaters however i would actually puzzle that because it's not like they're cleaning those feet after each movie while people have enough confidence to actually go and i understand they're going to be felt that maybe 30 percent capacity but will people still feel comfortable going what's your prediction well that's a really good question i think they're going to be cleaning seats after every showing i think there may be fewer showings for day in addition to the reduced

capacity to instill in the consumer the idea that the movie theater is about hospitality but number one is going to be it's about cleanliness sanitation making sure people feel really comfortable. going into that enclosed space and having people at least 6 feet apart or families 6 feet apart will be a good thing it almost feel like a private screening if you will people will go to the movie theater but the interesting thing is there won't be that many brand new movies blockbusters in theaters initially so in a multiplex that may have let's say 10 screens or 10 auditoriums 8 of those might have one movie or it might be split between 10 it i'm a lawn maybe one other movie so it's going to be a different world in movie theaters and think of this the opening weekend has always been that metric that we all look to well starting back up it's not going to be about the opening weekend it's going to be about how the long term plays out

films might have legs that's an old hollywood term meaning films that play for a long period in theaters and build their gross over time i think we're going to see more of that and then of course really have some big movies wonder woman is in october no time to die in november and then a bunch of big films in 2021 so if this happens properly and things go as planned over time we'll see a return to people wanting to go back to the theater but 1st and foremost it's about safety and health that's number one absolutely appalled kovan 1000 is clearly changing the landscape for hollywood and movies there are new guidelines that were released by the screen actors guild that they say that frequent testing will be required and that there will now be a doll and an art order to protect the crew and the cast those who can't wear protective gear or even maintain social distancing now many celebrities are voicing their concerns though because again safety should be 1st especially when you're so intimate do you feel less actors. more actors staying away from the industry how

will this affect that and that matter i don't know if you can keep actors away from that it's true that's what they do they love it it's a passion it'll be movie magic right so if there's a new way to have to shoot camera angles. perspective whatever they have to do i think actors want to act producers want to produce writers directors they want to do what they do and we as consumers want new content we love it but these are concerns that have never really existed before but look hollywood's a very creative place filmmakers can create all kinds of spectacular scenes and shots and things that have those o.-m. g. moments those can be now translated to the more intimate moments which will be a challenge of course going forward but i think hollywood and the creatives will figure that out and speaking of creativity they have guidelines don't mention anything about kissing or love scenes or even hugging or even how they're going to

borrow with an even and gets entertainment industry in bollywood they're placing some stricter regulations here will like for example they're not allowing people they the guild of india producers guild of india they're not allowing people over 65 to even return to the shoot they're also not allowing hugging kissing i mean what would hollywood essentially consider some of these what's it going to look like they're. i don't know i mean it to be perfectly honest it's going to be a real challenge because if there's kissing or hug a mean look love scenes in movies are a time honored tradition in action sequences and other sequences like that don't necessarily require that kind of intimacy but it's going to be really interesting to see how that's dealt with but again the last thing the creative side of the business needs is for there not to be an emphasis on the health and well being of the actors in front of the camera the creatives behind the camera who are literally on set together location shooting or on

a sound stage which is even more intimate these are all issues that are going to be addressed that go beyond the box office we are always talking about that's my have is is the movie theaters in the box office but you have to have new content new movies new big screen and small screen. continue to feed that chain of of content and how they do that in the future i know that i know that creative people in hollywood in bollywood and all around the world they will figure this out and we as a consumer we might not be able to tell the difference when watching those scenes it's definitely a turning point. of concord thank you so much for your time today. thank you former nasa astronaut kathy sullivan who made history as the 1st american female space walker and breaking new ground all becoming the 1st ever woman to reach the ocean's bottom artes or celebrate just tells us more. that's me on the left and dave least on the right way made to our crew mates as we did a space walk in 1904 she's made history in space and now former nasa astronaut

kathy sullivan has made history at sea sullivan successfully journeyed onboard high tech submarine limiting factor with pilot victor disco both to descend to the deepest point in our ocean their goal dive deep into the marianas trench to explore areas never investigated the marianas trench about 200 miles southwest of long is the deepest point on earth nearly 7 miles below the pacific ocean surface their 1st stop the challenger deep one thing i was hoping to achieve for this type of series is continue to expand the number of people that have gone down that it was shocking you know woman had ever been down and dr kathy sullivan definitely seems like the right person she was the 1st american woman to space walk she has a ph d. in ocean related studies so if the right person. very few entered the room made a phone call to astronauts aboard the international space station establishing

a remarkable connection from both teams on outer edges of her world after completing her trip the 68 year old sullivan became the 1st person to have been in space and at full ocean depth she tweets 36 years after my space walk i became the 1st woman to dive to the deepest known spot in the ocean the challenger deep reporting for artsy i'm resell rages that's our 1st time catch us on the mountain brand new portable to be available on smartphone through play and the apple app store by searching for a t.v. will see you next time. you can't forget it was nature and it's nature that has to live through this message and so people will we know only in the long term are going to hound to enjoy the way they live and conduct business to take into account this new vitally

important aspect of our life the need to exist with coded 19 so i think that some changes in a positive direction are going to happen out of our self interest just as species magennis or boy without changing. bottom to maximize their financial survival guide. looking forward to a year that's no doubt. yanks this is what happens defenses in britain delegates have watched as a report. need to. know when you've been in that solicit it.

from the regular morgue you're more your partner going to provide. all those lucifer this pseudo is just that a lot of them just. it is not my achievement mr davies are 5 you have plans for conceit. and carried out by the people themselves if al would produce or even florek it with the idea of making a film like this he probably be branded as crazy. now is the sentiment during the war the soviets were brave heroes resisting nazis that's going to change of course after the war once the cold war begins. little people think that hollywood is a free place but really what is strictly. the business and the other side is. how would i define hollywood is they call it the dream

manufacture which i think's true but i think equally it's a propaganda fact. some control for a middle class to who most of the night muslim are very hard working people who want to get ahead that either have some some health issues or have some of them had a stroke of bad luck a full time job one told me his pay for a place to live and missing just a month's rent can get you in victim gunpoint if anything bad happens to any thing that just throws your budget off slightly. better catch up real quick or you're going to have a judgment of possession against you and get addicted anyone that's homeless is history like garbage. people look at you like a monster or someone bad or you chose to be there most of the time it's not the case see how it is to be paul in the world's richest country.

join me every thursday on the alex salmond show and i'll be speaking to us from the world of politics or business i'm show business. headline stories on our t.v. series u.s. holiday to mark the end of slavery in the united states sees my. country. team trump law ahead with their 1st campaign rally since the start of the pandemic this find a legal challenge over the risks of contagion many are calling the proposed case hypocrisy though block her protests continue at the same time. brazil becomes the 2nd country to surpass 1000000 corona virus infections with public anger swelling over the government's handling of the outbreak particularly among the hard hit.