we go to work. straight home. this is the one business show you can't afford to miss in washington coming up president trump has extended the deadline for the tick tock ban in order to allow microsoft to acquire the aftermaths chinese parent company will the u.s. tech giant be able to seal the deal and how will this affect tensions between the world's 2 largest economies plus the nasdaq has popped once again on news that

apple has now claimed the title of the world's most valuable publicly traded company will break down what lies in store for the tech giant impact show today so let's dive right in. and we lead the program with one of the biggest tech stories of the year and it appears to be playing out minute by minute microsoft confirmed monday that it is in talks to buy tick tock from chinese parent company bite day it's now this of course after u.s. president donald trump announced a plan to ban the app in the united states president trump spoke about the controversial situation monday afternoon. and then. he can't be controlled for security reasons but in china too big too. invasive can be and here's the deal i don't mind if there's microsoft or somebody else a big company the security company very very american company by i set a date of around september 15th at which point. it's going to be out of business in

the united states but if somebody whether it's microsoft or somebody else buys it that will be interesting i did say that if you buy whatever the price is that goes to whoever owns it because i guess it's china essentially but more than anything else i said a verse substantial portion of the price is going to have to come into the treasury of the united states because we're making it possible for this deal to happen right now they don't have the rights unless we give it to them and the chinese foreign ministry for their part respond to the reports early monday calling out the u.s. for hypocrisy and double standards in the move while claiming this is a violation of key principles of the world trade organization now for more on this let's go ahead and bring in blue bus co-host ben swan and cyber security expert todd shipley who also serves as president of dark intel now ben i want to start off with you here let's kind of it it appears that microsoft has about 45 days to get

this deal done but doesn't it seem strange for the u.s. government to ban a company and then turn around and basically force them to sell helping an american tech giant to buy. yeah i think the whole thing is pretty disgusting i mean as this is all playing out everything is wrong with this brand from the fact that number one as you said 45 days this company is being told you're going to be banned in the united states you can sell office in chile the u.s. version canadian version australia new zealand versions of tik tok by dance can and in exchange for that not only will a big company like microsoft get to take over talk but at the same time you just heard what the president said he says a substantial portion of that price should go into the u.s. treasury because we're facilitating this do you know what i mean this is this goes against everything that if you believe in a free market capitalism there's nothing free market about it there's nothing capitalism about it it's all cronyism and the fact that evil what the president said about it go into a big. like microsoft the reality is we know that big tech companies in the united

states facebook and apple and google have not been good stewards of data here in the u.s. of the collection of data they use and the misuse of data it happens all the time so the idea that the chinese are collecting data and they're bad but when facebook and apple and google and now possibly microsoft are collecting that same data it's somehow ok that somehow a good thing it makes no sense to me at all you know todd actually before i get to any deep content in this i really want to ask you 1st what is your opinion of this situation we just heard ben say that this is a terrible idea but what do you make of this situation of the president basically forcing the sale of this and to an american tech company. well i think overall this is the geopolitical politics of. china and the ongoing problem that we've had with china already because you look back at what has

happened with wall way in the other events that are going on and the fact that india's already be end you know tick tock there's a lot of other things that are happening here so it's it is about the data and how it's going to be stored and we want the chinese government to have access to that data and compare it to the other data they've stolen from us and be able to put a picture together of americans and what they do or do you want to american companies have it been granted the american companies of been know better about the data but at least the data is in the united states at some point. so. i mean you just alluded to the fact that something about todd actually just referenced right there is that you know american tech companies haven't been great with our data and whether they provide things to law enforcement the government or just to other businesses and selling that data so this is in europe it is actually no better to have microsoft take over this company. well i it might be somewhat

better but i don't know that it's better i don't think there's any evidence that it's necessarily better other than the fact that there is a belief that the chinese are misusing or collecting data and because it's a you know national government collecting this data it is harmful to us that is the belief but i don't know that we have seen evidence that it is more harmful for china to have them to hold that data than it is for anybody else to do it and certainly a company like microsoft and facebook what we have seen over the last few years in terms of the abuse of tech companies to control narratives to control content could to control speech online microsoft would jump right into that tiktaalik is an anomaly in that it is the 1st tech company in recent years to outpace and out grow massive behemoths like facebook and youtube and instagram and so it was one of the few companies they didn't get acquired and it was out there you know whether it's

a good thing or a bad thing i think is is not the question it's the fact that it's another tech giant who will now control another form of social media and just because it's american doesn't make it you know by virtue good versus bad. in recent weeks months maybe even the last year tick tock is kind of been outperforming us tech companies and social media for that matter and now suddenly the u.s. has a problem with cyber security with the company which is understandable no doubt about it but you know i understand a ban of the company if that's where you want to go geo politically you could make that argument but now you're going to sell it to one of the biggest companies here in the u.s. . who has any troops could serve that has in the past yeah i mean are there other nations todd going to see this as us essentially the u.s. saying we're going to steal your company if they're successful and we don't really like their business practices. well i mean that's

certainly you know position to take but i think if we look back at the ongoing issues that we have with china that is just another one of those things that has been a release of data about americans and that's essentially what the government's position is that they don't want the chinese government to control the data now right or wrong whether you believe that's true or not that's the position that the trumpet ministration is taking and so we've had ongoing issues like i said if we look at what way and the other things that have happened this is not something the just crept up keep in mind that you know to talk got a u.s. c.e.o. so that they could look better they've got a lobbying company in washington to lobby for themselves so they've been playing the game for some time knowing that this was coming because of the ongoing issues with china so is it an issue with the security who knows for sure probably but the u.s. government now at this point is taking on the position that they're going to

control tick-tock and get it to a u.s. company and that was just a solution because keep in mind the trump administration wanted to ban it they were going to do this until. microsoft stepped up in agreed to buy it because facebook has already tried to buy it one time before. bed i want to give you the final word on this i mean i guess just looking at it from an outsider perspective it appears that if you ban it you bad it that's fine but brokering a deal just looks like you're propping up american companies what's your response although i think i think it does look like that i think it just globally it looks really bad i think even within the united states it can look bad to say listen this company is that is bad because of the collection of data that was being passed to government but if we broker a deal why wouldn't microsoft in the past that same data to the u.s. government again it comes down to a question of is a government evil because it's chinese or is. is government in general

a negative in terms of the way it tries to dominate and control people and if you believe that then you believe that any government that's harvesting data and collecting data any tech company that's handing off dated to governments is a problem and lastly i'd say that microsoft has basically been out of the game so the fact that microsoft stepped up and said oh we'll take this on of course they will right this is the right arguably right the most successful tech company right now in terms of growth in the entire world and so microsoft wants to jump in and just and just grab it i think there needs to be new rules on data collection not just who is collecting who must co-host ben so on and cyber security expert todd shipley thank you both for your insight lot to cover here so i have you back. and all eyes are still on the race for a cope with $1000.00 vaccine u.s. drugmaker said monday it is beginning a late stage trial of an experimental antibody treatment now the phase 3 trial will test their l y c o

b 555 drug created in partnership with canadian biotech firm absolute on up to 2400 participants who live or work in the u.s. nursing homes which have recently diagnosed a case of the virus now meanwhile the russian health ministry announced over the weekend that clinical trials of a vaccine candidate from the moscow based get malaya institute have included with positive results adding that while any vaccine would of course face regulatory approval the country is ready for mass vaccination as soon as october and with all this vaccine related news the director general of the world health organization warned against overconfidence in reports of late stage a vaccine tests. number of vaccine is out and now in phase 3 clinical trials and we all hope to have a number of effective vaccines that can help prevent people from infection however there is no silver bullet at the moment and then might never be for now stopping outbreaks comes down to the basics of public health and disease control.

testing. and treating patients and tracey and quantum tuning their contacts. and with this in mind let's go ahead and take a look at the spread of the virus with our correspondents. so where are we worldwide so grand more than 18000000 people around the world have been diagnosed with the corner as of monday but almost 11000000 of those 80000000 have fully recovered meaning that about 65 percent of those 18000000 have fully recovered while nearly 695000 people have died now the u.s. has recorded by far the highest number of cases worldwide right now more than 4800000 confirmed cases 50 percent of which have fully recovered and the u.s. that's right now stands at around 158000 so

a little over 3 percent have died from the virus here in the u.s. while a new forecast from the u.s. centers for disease control and prevention estimates that the death toll in the u.s. is projected to reach at least 173005 august 22nd so that's less than 20 days from now that's going to claim another $15000.00 lives and brand so far july has been the worst month in the u.s. with nearly $1800000.00 cases in this month alone and about 4040 percent of the cases in the u.s. occurred in july when restrictions were lifted in most states and we thought we saw the worst of it in april and we had over 858000 cases but then again in july we saw such a big jump may and june both were in any better but going into august were looking for a better numbers but the good news is that deaths have been significantly lower in

july coup. paired to other monster that's a really big plus so going into august on sunday the u.s. reporter around $47000.00 cases now that's an increase in almost 4 weeks that's a small it's actually i should say increase in almost 4 weeks and as of 4 pm monday another 8500 cases have been reported so again that's a positive news right now but i also want to take a look 5 most affected countries right now and whether those countries are anywhere close to flooding the curve so the u.s. like i mentioned of course they're seeing a small decrease in numbers but still nowhere near the curve now india is once again trending up that's the orange right here india is seeing more and more increases in fact just in the last 24 hours they saw 52000 cases so that's not good at all brazil is doing slightly better as you see there the one

the red there going up and then up and down they're seeing slightly less you see right here going down but still they have a long way to go just in the last 24 hours they saw about $24000.00 cases now south africa right here in purple now they appear to be doing a little bit better but not not by much on average they're seeing about $8100.00 cases per day now russia the country right here appears to be flooding a little bit and there the country with the 4th most cases in the world but there are still averaging about $55100.00 cases per day so right here top 5 affected countries that appear not to be anywhere near flattening the curve then there are countries that are seeing a 2nd wave right now like japan were cases ruled by more than 50 percent in july while us trail is also battling a new wave of infections hong kong israel and spain are also fighting a 2nd wave while iran one person is dying from quote 1000 it every 7 minutes.

r t correspondent side tab hunter thank you for keeping us up to date. and time now for a quick break here because when we return big tech continues its winning streak as apple i think the throat of the world's most about publicly traded company straight ahead we'll take a look at how markets are reacting as we go to break here the numbers of. live.

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and welcome back tech heavy way apple became the world's most valuable publicly traded company on friday unseating state oil giant saudi aramco shares an apple gain more than 10 percent on friday alone after a strong earnings report the day prior and continued its run on monday adding as much as 5 percent at points throughout the day at close friday the company's market valuation topped $1.00 trillion dollars while saudi aramco now sits at just over $1.00 trillion now apple stock struggled at the onset of the crow to virus pandemic but is now up more than 44 per cent this year alone meanwhile the company also announced a 4 to one stock split so for more on what this is for more on this and what else is moving markets let's go ahead and bring in boom bust co-host christiane and c.e.o. of transformative research tobin smith thank you both for joining us today now christie why did apple announce this stock split. on thursday after earnings which

reported strong sales and thought and beating. analysts expectations so this stock split would quote help to appeal to a broader group of investors that is make it more attractive to retail investors who have a really hard time struggling and swallowing a triple digit price tag of 400 so the last time they did this was back in 2014 when they did a 7 to one stock split when any of the 700 price mark so stocks but really doesn't do anything for its valuation the price this quarter the dividends are quarters so it's exactly the same thing but cosmetic lee it looks very different because the price tag is lower so to an average retail trader it doesn't seem like that big of a commitment to buy something at a share of $100.00 versus $400.00 so it makes the stock a lot more liquid and tradable so right now there are one actual effect of the stock but one benefit is that it relates to the membership of the dow the dow is a price weighted average versus versus a percentage based index so that means the moves are based on the dollar move at

the price so previously apple had the most effect on the dow every single time it moved because it was the largest member of the dow but now ever since it dropped from $400.00 price tag to 100 dollars price tag now it is no longer the largest weighted member of the dow and is replaced by united health interesting note is this valuation of $1.00 trillion really justified i mean apple's neither a growth stock or a value stock and innovation is slowing down as the wearables category is really not taking off as they had initially planned and what do you see and hear. well our core philosophy on investing change significantly you know maybe a decade ago decade and a half that apple is building a digital platform and every time they add a new customer it costs them nothing to do it number one number 2 is when you sign up for a phone today when you're in united states or europe or trying to the telephone company essentially finances you nobody's paying 1500 bucks for that new phone that

i just got that i can't. without from apple you're paying $45.00 a month so the nature of the business has changed that it's profitability its business model has changed and as a services continues to grow faster than any other service business remember if you took the service business alone and please you know tech companies are saying please will you break this up because every time you break up a tech company the value goes up if you value the service business just on a normal. dollar a normal revenue time certainly. multiple of sales it gives me it would be worth $2.00 trillion dollars today but that's the reality so the market is paying for this business that never goes away you don't once you're in the apple you go system you're in the apple ecosystem you know christine i want to hit on the u.s. dollar here following its worst performance in decades the dollar is now staging a comeback in august shorts are getting crushed as the dollar surged on the back of

a euro slump and accelerating weakness in the yen what's going on here and at this repositioning well last month you had this surge in the dollar shorts and that's why you saw gold as well as coins surging and the dollar weaken as bets were taken against the u.s. economy and how poorly it was handling the coronavirus pandemic so strategist also warned against the dangers of the unlimited money printing business by the central bank and the unsustainability of its current trajectory however in this latest survey right now asset managers are net lall the euro and the yen while selling off the u.s. dollars and the survey require the highest exposure in years while the u.s. dollar sold off heavily against it however this today on the 1st day of august trading the traders are starting to turn their attentions towards a surging amount of covert cases now in europe and japan so it seems like there are experiencing a resurgence a 2nd wave that was not expected and due to that the euro lost about $200.00 pips the 2 in the 2 1st 2 days as traders were struggling to find another alternative

safe haven currency so. right now at this point what's most surprising of all is that goal today is still up and decline for that matter as well that both of them are rallying and gold is still holding strong and green despite the strength of the dollar when normally they would trade inversely so this shows that despite the fact that the greenback is gaining strength a little of that reversing last month's trajectory the trust is still not what it was before as other safety assets are now being considered and instead. i want to talk a little bit about the economy here lord and taylor is now the latest retail casually filing for bankruptcy and now meanwhile additional stimulus talks have been stalled here leaving a lapse in unemployment assistance what do you see when it comes to holding up this stimulus package and how bad it is going to hurt those who actually need it immediately. sure well 1st of the you know little misinformation out there if you filed your claim on sunday you know you do it digitally electronically then those

people are going to get paid the $600.00 on monday or tuesday depending on the state they're going to have cash this week but then we get to friday and the jobs report is going to be it's maybe i mean i guess i would say this is you know be you know bad news is good news then with the numbers we see is that we're going to see a spike up in employment we're going to see a spike down in employment which means that congress better get off. because what's going to happen is is that you start to get the sort of tumbling down effect the consumer spends about $1.00 trillion dollars a month in in a excuse me and made in june and somewhat in july if july of spending is flat or down then we got a real problem because in a lot of us if we don't have this funding we're going to be down 8090000000000 in spending that's 89 percent drop and all of a sudden we're going to drop and that's why the dollar sold off is people were looking at you know assuming that they were going to a bad numbers are deal is right now that we're going to have slow growth but we're going to have enough job creation if we can pay the bills if the one primary worker

. at home remember the united states 40 percent of people who work are working poor and they're only paying $8.00 to $10.00 jobs now you tack on being thrown out of your home for not payment for rent for foreclosure for a vixen that snowball bread becomes a nightmare and it becomes a real nightmare for the person who's in charge of the country as in our present a united states and it's last time i remember he doesn't like bad news so i got a real strong sense that they're going to have a little come to jesus meeting here and guess what they want $200.00 republicans or democrats want $600.00 for 50 babies split the difference one of the most incredibly difficult negotiations of all time ok let's split the difference because christiane tobin smith of transformative research thank you both for joining us today. and that's it for this time you can catch boom bust on demand on the brand new portable t.v.'s of able and smartphones and tablets to google play in the apple

app store by searching portable t.v. portable t.v. can also be downloaded on newer model samsung smart t.v.'s as well as a roku devices or simply check it out a portable t.v. we'll see you next time. thinking of getting to the ones we've got a lot of the military contracts in this you are a liar we do need to treat with him he will start freaking out he will let us bring in anywhere near thousands of breeding dogs that age to new labor conditions on the fly i mean 67 years you know they've been locked up in the cage outside you see no protection from the weather the heat you know the cold air the rain the snow the funder nothing they have no protection. because you.

kids. across the us cruel puppy mills are supported by dog shows and still most of the puppies that are coming from these large scale factory farming kind of operations are being sold at stores even giant a good businesses are involved like cargill and mum sent there has been a shocking amount of organized opposition to efforts to increase the standards of care for dogs bred in commercial breeding the so many most of that opposition is coming from huge agricultural groups and industries that have to deal with jobs don't buy dog. the end of a love story tensions in the u.s. german relationship determine the fate of nato if elected will joe biden be america's version of the soviet ruler plenty of fresh.

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hey folks next up big thrill for me as a film nerd malcolm mcdowell he's got a new project that on all the streaming platforms called the big ugly i think it's a little bit of a british craig type character doing some money laundering and apple ashes are maybe like ozark so that's where the river thames meets the lake of the ozarks we'll talk to him bot of course we'll talk to break we'll talk work orange we'll talk about a war lucky man if all the earliest work with the great malcolm mcdowell right after this and then a similar plus one.