occasions of the public use as tips because already by dan has a way of a criticism from chinese citizens for seemingly to giving in to u.s. pressure after it was reported it was just contemplating a sale so that's led to hundreds of meeting aplenty during the chinese version of tech talk and also influence and announcing that they would stop using the platform if it got sold to u.s. company so it's trying the best it can to appease the 2 countries that it will require now double finance in order to go through so that's an extra layer of uncertainty and we've been talking here as if the biggest hurdle to get this deal done what the trumpet mr asian and perhaps it is but chinese regulators are being lax about this either because they have now made it quite clear that take underlying algo is not to be sold under any circumstances and that they would rather prefer that u.s. operations a tick tock to be shutdown rather than to see it sold to an american wire. there's a new development in this whole deal which we mentioned there at the earlier in the show wal-mart which had originally joined the bit with microsoft now seems to be part of the oracle deal but how did that happen yeah it's kind of

a strange twist in all this because remember originally the deal was coming down to either oracle or microsoft then wal-mart jumped into it and said well we'll partner up with microsoft will sweeten the deal and it should come to us and then it didn't go into oracle instead so now somehow wal-mart has jumped off of the microsoft ship and they're now jumping into this with oracle apparently as you said here in the lead up the c.e.o. doug mcmillan of wal-mart is going to get a board seat on to talk as part of this deal and wal-mart with own an equity stake in the company in fact what the treasury secretary steven nugent has said is that u.s. companies oracle and wal-mart he claims will together own a combined 50 percent plus of ticket now we don't know that that's true that's just what he's saying but he's saying those to us investors which calling these guys investors is ridiculous right because it does best it's almost like highway robbery or like bandits that are jumping into this forced to sell of to talk. but

essentially that's where we are now so wal-mart not to be outdone by anybody else has decided no matter what they're going to force their way into this deal was seems like if nothing else that they might be a situation where they are investing in it they're putting in money and they're just going to collect the benefits because it doesn't appear they're getting into trouble and to that point you know picked up is not being sold to an american company at least not in a majority stake as we just mentioned but how does the trump administration make that work kristie when the president has said repeatedly it's a deal breaker if it isn't sold to an american company. well they're trying to find a compromise and i think they cut down a very logical when it's divesting some of its assets rather than all and it's putting a buffer oracle to safeguard the data of the millions of americans which is apparently that they can national security concerns so actually it did address all of the concerns that trump raised but unfortunately doesn't like this compromise because this means that he would have to amend his executive order that he signed on august 14th something that no u.s. president has ever done in the history of national security reviews so this would

force him to backtrack and where it so at this point it's also an image matter for him but at the same time trump may also not want to alienate the 100000000 or so american tick-tock users so close to the election and also his silicon valley heavyweight buddies who had huge stakes in social media companies so this is going to be a very difficult help for the tribe ministration to swallow because to talk solution is actually based on past presidents so if he has allowed foreign firms to keep sensitive u.s. assets on several occasions by imposing oversight and restrictions on how they're operate at i mean that was the case when china's lenovo acquired i.b.m. and also when japan softbank acquired spread so bike and has now proposed similar measures so it's agreeing to be a good sport and play ball according to the u.s. his own rule book so to reject it now well that just won't be a good look there's another potential deal breaker and that's the fact that under this deal the u.s. treasury department is not going to get their cut now if you remember the president had said in the past this would happen because the president really get any kind of

a win here i mean we know he likes to say he wins even when he doesn't but what do you think. what he's going to say wins no matter what happens whether to talk survives or not it's a win but according to him but look that's a very really important point you and i have actually talked about this before and the reality is it's insane to say i'm going to broker a 4 cell of a a private company and we're going to take a chunk of that money and we're going to put it in the u.s. treasury because i made the deal what are you talking about again i refer to highway robbery before i mean that's really feels like that and apparently lawyers for the administration let the president know last week you can't do that you can't broker a deal and then put a bunch of money in the treasury and say i made this money so that couldn't happen we all kind of knew that was going to happen but the fact that it's not going to happen it's just another moment where the president has to backtrack on this what christie said is important she made a really good point that you know the president would have to back off a little bit but you have at least 5 senate republicans including marco rubio who have come out saying if by chance retains any control any control at all over the

data or the algorithm then this should be a nonstarter what the reality is by dance will retain control of the algorithm because the chinese government says you have to retain control over the algorithm they're not going to give that up and by the way nor should they should not give that up to a u.s. company simply because a us president declares it to be so and now kristie i think that the $1000000.00 a $1000000000.00 multibillion dollar question really here is if this deal going to move forward what's your take on that. i mean it's far from anything but a sure thing but i think there is a good chance of something happening especially with oracle spearheading it on the u.s. side and kind of massaging it through the messy politics because after all the federal government is currently oracle's largest customer with all 4 branches of the military also using oracle products so who apparently it's better to safeguard data if not what you're already using for the military and ben same question do you see this deal going forward with all of these issues that we've just covered here the

senate the president the chinese government is going to move forward i think it does move forward for the same reason the christie said because you have oracle and you have wal-mart you have 2 massive u.s. corporations that are really going to push it through this if senate republicans make too much noise wal-mart will simply send them a check and say hey we'll support your reelection campaign because it's good for wal-mart and what's good for wal-mart is good for america i think that ultimately those are the powers that when this thing and ultimately the chinese are happy because they say we didn't give up the algorithm in the u.s. is happy because they say we took control of the most successful tech company in the world right now that's a heck of a advertisement for wal-mart what's good for wal-mart is good for america blue bus co-host. christine thank you both for your time. thank you. and one of the leading drug makers searching for a coronavirus vaccine now says it could have enough data to prove its efficacy as

c.e.o. told c.n.n. b.b.c. the data might be available as early as next month but it will likely not be available until november still scientists and medical experts are concerned the white house may be pressuring the f.d.a. to approve a vaccine before adequate testing has been done as part of operation warp speed backed by the united states and one of 3 in late stage testing madonna stock has soared more than 250 percent this year. the company's shares again 3.8 percent in premarket on thursday on news that madonna now plans to start developing a seasonal flu vaccine since fell off in a news release madonna c.e.o. stefan bunn cell said we are increasing our investment in vaccines and we will develop a seasonal flu vaccine given the need for highly effective vaccines the world health organization is calling a recent spike in coping 1000 cases in europe a wake up call during a press briefing thursday that the. regional director for europe spoke about the

significance of the latest outbreak we do have a very serious situation unfolding before us we have no exceeded those but they make 1st big in europe in march more than half of you have been countries have boarded a good 8 that have been in percent increase. in the past 2 weeks of those 7 countries have seen muley deported cases. more than 2 fold in this same period. and with this in mind let's take another look at the trends and spread of the virus globally with our correspondents which are where our research sobran we have finally had the 30000000 mark in global cases by 22000000 actually over to over 22000000 have fully recovered and these 33000000 cases that are now

officially more than 5 times the number of people who get their flu annually so member the beginning of the pandemic they were saying no the flu is a lot of worse well guess what it's not but deaths globally were close to 950000 now in the u.s. more than 6800000 occurring from kay says while now deaths they have once again surpassed 200000 now here is where we are in daily new cases and that's in the u.s. for wednesday. on wednesday 39216 new cases reported a decrease of 3 percent from last week and 997 reported that's only a one percent decrease from last week and brant while much of the talk has been about vaccines red we're hearing when are where the vaccines one of the going to hit the market but now a new numerous polls archer's suggesting that most americans would actually be has attempt to get vaccinated and right now only 40 percent of americans say that they

would get a vaccine short of the 60 to 80 percent of the population and doctors say is needed to achieve a herd immunity and suppress the virus so while having a vaccine for frontline workers and the vulnerable population is great but it really one makes much of a difference if not at least 60 percent of the population is in fact vaccinated brant and sorry i want to go back to his best point we made at the beginning of this segment about the spike in covert cases in europe what are we seeing there so exactly like you're said in europe is seeing new cases right now and there are again what you said a getting away a wakeup call so here are the top 5 european countries with most new cases reported in the last 24 hours there's spain now there were already had the highest number of infections in europe so they reported over 11000 new cases and new lockdown plans are expected to be announced this friday now meanwhile of france the number of new

daily cases reported on wednesday was actually the highest ever reported and ali that there i.c.u. unit is being used for kobe 1000 patients is also on the rise in the u.k. which has the 3rd highest number of cases in europe now they just announced earlier today that almost 2000000 people on north east parts of england and that that that's a current hot spot they're going to be banned from meeting anyone outside of that area and only 6. months after italy's crisis became a warning to everyone not just to europe but to everyone about just how quickly the virus could spread now italian officials are once again reporting new cases on the rise although not get anywhere near the last peak of about 6500 new cases per day but still a significant rise from the 200 they were having earlier in july now even germany you know they've always been the example to the rest of europe and how good they contain the virus there is slowly seeing their daily case also

a job with nearly 2000 infections and that's a double from where they were having august 1st but there is also a caviar to keep in mind when examining europe's new test new case count because how europe is actually testing has dramatically changed over the course of the pandemic you know were as almost all of the cases that were reported at the beginning of the pandemic there were symptomatic meaning that these are people that showed symptoms because only symptomatic people being tested because there were very few tests well that's the exact opposite of what's happening right now they're not asking everyone to get tested so testing alone can't fully explain the current case in greece least not in every country in europe brant r t correspondent sites after thank you so much for the insightful report and time now for a quick break but hang here because when we return u.s. jobless claims are and while they have locked in below 1000000 the picture remains

dire in the wake of the crowbars and damage and as we go to break here the numbers at the close.

that the bill really keys sneer those who really can show. they can just be sweet but. that would that i suppose. something that. you know none of the stupina bull episodes didn't go to see your. sneer during your force where you could be near my stuff in the studio if not thoughts about spirits i didn't do it was a morsel 6 put him in funny and no. stadia should.

show. up by some sort of move. the story they were both. going to last 3 presidential election cycles there was clear evidence voters are attracted to the message of not interventionism and are very weary before this most certainly trump in 2006. but his time in office is spotty at best buy. the same form as. i guess he will fundamentally change.

some of the. last time we chased. each one of them carrying 20 kilos 'd of drugs. that. is the main thing. they have. i don't know maybe. i will bring. around more.

welcome back airline c.e.o.'s in unions representing their workers on wednesday called for another round of federal aid as a prohibition on job cuts in the industry will expire in just 2 weeks as part of a 25000000000 dollar aid package passed back in march companies were banned from laying off or furloughing workers through september 30th starting on the 1st of october more than $30000.00 jobs in the industry could be in jeopardy if more relief is not provided as the demand for air travel has not come back amid the pandemic airline c.e.o.'s met with white house chief of staff mark meadows on thursday asking for another $25000000000.00 to support the industry through march of 2021 while

a full 1.5 trillion coronavirus. trillion dollar coronavirus aid package remains in limbo meadows told reporters that house speaker nancy pelosi was willing to move a bill to keep people from being laid off in the airline industry that's a stand alone that stand alone that the president would certainly support it and 1st time jobless claims in the united states were less than expected for the week ending september 11th the labor department reported 860000 new claims $15000.00 below wall street expectations of nearly 30000 less than the week prior continuing claims fell by nearly 1000000 to 12630000 for the week meanwhile u.s. equities had an up and down day thursday ending in the red responding to the fed policy positions released wednesday and new data showing an economic rebound losing a little bit of momentum so let's take a look at the state of markets with tobin smith c.e.o. of transformative research always great to have you on television i want to start

with this volatility we're seeing in markets thursday everyone's going to blame it on jobless numbers are going to blame it on the fad they might blame it on some i.p.o.'s but these issues will be here for the foreseeable. future are we on deck or another sell off like we saw last week and the week prior what are you seeing in the markets yeah i mean 1st off the market is tired and it's tired because if you have new money to put to work today if somebody came into our management account business or here's a 100000000 bucks i would not put it in the same stocks that we put it in in march or the same stocks we did in june it's been $25.00 names of stocks that have worked well because it was an easy construct you would say that in a world that is not growing or actually is shrinking companies that have subscription based software that people have to pay or they go out of business or growing like this so growth becomes very rare and everybody got on the same meme you know and everybody got on the same vibe and then all of a sudden we had snow come out yesterday now this is a wonderful company this is

a company that will do maybe $700000000.00 in revenue and yesterday it was worth 78000000000 dollars. and what that told me was 1st for people to buy that they had to sell something else right so what they did is they sold what they own and that's what i think we're seeing here we were not going to value because the value was impossible to come up with today but but if i own stocks some of ours are up 3400 percent and i don't want to get in this new game because the new game is i.p.o.'s and special acquisitions spec that's where the energy is if i want to continue to beat the market i got to be there which means i'm going to take profits in these great wonderful companies that are selling for 50 or 60 times their revenue i mean it's tired we broke $11000.00 and nasdaq that's really the support so i be looking for another 10 percent just simply we get sellers exhaustion right now the game is

i.p.o. suspect baby and i want to talk about that i.p.o. of snowflake because it was up more than 111 percent at close of trading on wednesday the company raised more than $3000000000.00 based on the just the opening price alone that's more than any software company ever but of course it's already lost 10 percent on thursday more than 10 percent really what's your take on this i.p.o. beyond what you just said there ed do you see this downward trend going going to last for a while because like you said they're not making anything close to what their market cap was. yeah i mean it was an outlier because warren buffett was putting money in a sales for success or a but remember they left $3800000000.00 on the table no other words that's the whole reason why these special acquisition deals specs are being done because then you negotiate your price upfront you're not leaving money if you're looking to raise $1200000000.00 you raise $1200000000.00 and you're not then the next day when your stock be up 150 percent which meant you probably only needed to sell half the

amount of shares so that's why the specs are doing well the i.p.o.'s now you know you know wall street they smell blood baby blood decision money and so you're going to see i mean all these private companies that have been on the sidelines for a long time you have palin tear coming a direct list and you have many other guys had been a long time and of course down the road air b.n. b. you're going to see a smattering of that but a deluge i'm sorry that deluge is the sign just like it was you know late 99 in 2000 that all the guys were going to rush to the portal they're going to take for me to buy those stocks i got to sell the ones that have been up and so that's what we're getting we're not getting a rotation of value we're getting a rotation to get me and at i.p.o. get me in that new spac because actually is making money that's where you're getting alpha that's where you're getting up performance right it's quick money and hedge funds are making their entire year's worth of funds for people in that one day i absolutely know i want to touch on this airline c.e.o.'s asking for another $25000000000.00 bailout i'll remind you they weren't giving us any breaks when air

travel was going they weren't giving us any cheap flights but it will continue their travel sector of course have been decimated since the start of this pandemic now if they don't get another round of aid and are forced to lay off tens of thousands of workers are we going to see the sector even continue to drop further. yeah we are mean for a couple of days and you said we had 800000 of unemployment of this last week a year ago we had 200000 of the same week you know that that industry is not only flat on its back but remember they also bought a whole bunch of money i can't see that bad word in buying new planes getting these so they're upside down multiple ways the united states only has one choice really here they're going to hold a gun to the head of some of the large ones of big debt to combine there's going to have to be mergers there's too much capacity and it secondarily you know as you know the money in the airlines is made in the in the 1st 8 rows that's where almost all the profit comes everything else in the back just pays for the gas in the in

the you know the pilot succeeded so as a commercial flight people who like me paying 800 bucks a seat. i haven't i've paid any dollars for a seat in 6 months and am i going someplace else well i have enough miles if i'm a you know gleick me i going to pay for tickets the next 2 years i get points out that was you right so now we have this issue that they have to consolidate maybe you know southwest survive certainly because they have shorter runs and maybe some of you know jet blue who are interested states but the big guys have to consolidate and by the way china is trying to you know they're adding many more planes that were boeing but now they're on chinese planes so they're going to be doing to our end to what i have about 30 seconds for this but back in april you were touting electric start up nickel at $16.00 a share you mentioned that you guys sold that around $80.00 a share and now the company is facing investigation from u.s. regulators saying they may have misled investors about the technology and the company even admitted this week that a promo video of a prototype truck that was released 2018 well that truck was rolling downhill and

not using technology 30 seconds quick take on that. it's toxic right now it's a shame i they're going to survive because they raised money but they were you know trevor is a great guy but he should never have been given a microphone to talk with the f.c.c. listening so i'd stay away for a bit of a while tobin smith of transformative research thank you so much for your time. thank you brian. and that's it for this time catch us on portable t.v. you can find it at portable that saving of crossed a bevy of other devices will see you next time. you move. through that the believe that you sneer those who really can show you.

thank you just because suitably. with that i suppose you notice that i stated something that. you know none of the stupina bill episodes didn't go to see your the she's. doing your force where you could be near my stuff and this to me if not thoughts about spirits i didn't do it was more sinister experiment done in no. stage via google should. show us the stress of school issuance for you to post to a pub ice sort of move to willow's rest of. the story to listen to they were but what is.

was. womanliness done with up close to some of the estimates of. what i've been up there and all of his bullshit. last time. we chased. each one of them carrying 20 kilos 'd of drugs. pushed a fence down. to that they just deployed the world. is free we have mean all medical men they have resisted this is for me. i don't know maybe they don't make or. break. for now well.

join me every thursday on the alex salmond show and i'll be speaking to us of the world of politics sports business i'm show business i'll see you then. time after time corporations repeat the same mantra sustainability it's very important it's accelerating the transition to sustainable prize board sustainability. a more equitable and sustainable well. they claim their production is completely hama's. because. companies want us to feel good about buying their products while the damage is being done far away and this is something this must be done even and i

mean look. and you listen to me do me mean i'm. going in. here segregated. by social class. people also want to. if you're born into a poor family you're born into a minority family if you're born into a family that only has a single parent that really constrains your life chances people die. if you're born into generational poverty. so every day you meet your needs and the needs of your family.

and. in the headlines this 18th of september russia has left exasperated after germany direct small scopes of the chemical weapons. only to be rebuffed by the p.c. police. several times they say. the rich. small group of wealthy nations will hoard of hoff's of potential supplies of vaccines for the vast majority of the world's population did i. see in the jewish new year with the new him deeply.