this is the one business show you can't afford to miss i'm going to washington coming up the trump administration looks to get a ban on message. money say it's their only reliable connection to family and their contacts china airlines and job losses are coming the federal government will take a look at what's really ahead for one of the nation's hardest hit in the street level want to get started. the u.s. department of justice has asked friday for

a federal judge to allow the barring of we chat from u.s. app stores including apple and google last saturday a federal judge issued an injunction that prevented the department of commerce from forcing app stores as of september 20th to remove from download the d.o.j. has presented the judge with a department of commerce memo claiming the mobile application collects and transmit sensitive personal information on u.s. persons which is accessible to tense and stored in data centers in china and canada well joining us now to continue for us co-hosts ben swan and chrystia i kristie just earlier this week on wednesday the trumpet ministration claim that users who use or download reach out to convey personal or business information will actually not be subject to penalties under this new trumped up executive order banning transactions with 10 cent is this a reversal for the administration. now this is

a lot of reversal at all this is merely saying that users will not be punished for using this app that trump claims has severe national security concerns but it's still vague as to what actions and what transactions will be prohibited as commerce secretary ross has yet to clarify the specifics but what this does mean is that ross does not plan to target persons or groups that the department just added that the use of the app for such communications could be directly or indirectly impaired that measures targeted at other transactions so this is making a lot of users nervous not because they're like oh no i'm using an illegal app banned by the u.s. and i might be punished no it's the fear of the loss of communication and businesses with just losing touch with the only source of social media that they have because this order means to punish 10 cent and we chat nothing users by just slowly killing off each other by blocking access to the app store and downloads and any updates so which is actually quite ironic because not updating the app actually harms the privacy and security even more because updates they fix one abilities and

they make the app more secure and isn't user privacy a national security concern the entire point of this entire witch hunt in the 1st place so what people have to understand is that we chat is one of the very few apps that's available in both china and the u.s. so it's not so easy as to be like hey let's just switch over to what's app or telegraph like those apps are banned in china so without any chat there will be a total cut off in communication from the mainland not to mention new social media communication from the mainland so we always talk about this chinese firewall so this kind of looks like the start of the same thing here in the u.s. now if we saw the president for banning these communication apps concerns the people will no longer have communication at all whatsoever with either family herb business contacts or right ben meanwhile a separate federal judge gave the trump an illustration until friday $230.00 eastern to delay an order banning chinese tick tock it looks like the trumpet.

gratian filed opposition to tick tock request to delay that but that order is still under seal. yeah centrally this all goes back to the fact that to talk remember have filed an injunction or ask for an injunction from a federal judge to say you need to stop the for sale of tiktaalik because they say it's not legal for the trump ministration to demand that they sell and that's a little older than all the negotiation that's been going on that happened several weeks ago we have all this negotiation in the meantime between oracle wal-mart and to talk of the chinese government looking at this deal but something that christie said right now i think is just so important that people wrap their heads around the trumpet ministration with both to talk and we chad has said they will not punish users and that they will not remove these apps from your phone at this time in fact the way the trauma ministration is talked about is that if a an all out ban were to take place in the app stores that they would essentially leave the applications on people's phones to after the election that tells you something tells you that the job in the situation isn't interested in protecting user information as much as they say and certainly not as much as protecting

a reelection campaign so i think it's interesting to what christie said that if you really believe that there is a national security threat here toward the data that americans have on their phones and data being gathered by the chinese why would you allow the app to remain on people's phones and not allow new updates or new or new downloads excuse me from the from the out store so none of that makes any sense at all to talk is the latest example of that we chat while way all of these policies really fail to address any actual data security and instead they just ring completely political in every way well especially if it's such a huge national security threat as a trump administration claims that is why not remove the app altogether and just prevent anyone from using it that the true case kristie we talked about this issue on thursday but i really want to hear your take at this point beijing has a legal power over the sale of tech talk but would there be any real benefit to allowing the sale to actually go through. at this point no there's no. well benefit

for beijing adult to approve the sale especially when the actual terms of the sale to wal-mart arkell still remain unclear because we are contradictory statements from both sides to talk said that they will retain 80 percent majority control meanwhile you have trump saying that americans and oracle be in control of it and that the only way it will work is if control is relinquished to americans so it's unlikely to happen as beijing has reiterated numerous times that the algorithm will not change hands so instead there might be some sort of indirect transfer such as licensing but really why would beijing agreed to relinquishing the most popular the most valuable social media app in the world like why would they give up such a gem why would it agreed to get basically robbed what a game like apparently according to trump against the american consumer population which is a fair point it is a huge market and tick tocks stands to profit handsomely from it but then it'll be letting go of its valuable ip which is the ace card in this entire tech war so that would just be plain dumb trade off when tech talk already has a consumer markets in the rest of the world and can grow and influence in europe so

take talk at stand america actually stands to lose out the most not just from the 16 to 30 year old demographic who loves to talk but america loses out again on the technology front because dick young isn't just going to die can they can't be used in america it's going to continue to grow and america will just get left behind because it's like burning your head in the sand and still pretending that you're relevant using all outdated outmoded social apps like facebook disconnected from the rest of the world especially because consumers u.s. consumers much like ben has mentioned time and time again want to hear they want to use it they enjoy using it we cover this every day ben but how confusing is the situation becoming for tech users who hear one day that talk and we chat will be gone then they hear the next day that they are staying how is this impacting users i think it is impacting users and i think it's creating a lot of frustration for people who look at this and say exactly what you just said one day to talk is going to be gone by sunday then actually it's here it'll really . to the electorate no is going to be here for good or evil wal-mart are buying

part of it now they can't get it now the chinese are blocking it and it just feels like look if this were an honest question of security the president would just say we're going to ban these apps period as of tomorrow instead of going back and forth and back and forth and the reality to what christie said is i think is absolutely true about using technology but at the same time i would say that american companies don't care about that mark zuckerberg is more than happy to keep people on his antiquated facebook system as long as possible while on instagram to the didn't they just come out with real real that are basically a copy of a tick tock if i want to have people using it like they do take that though bill must co-host spence one and christie i thank you both for continuing the discussion the saga will continue so we'll keep you posted. the most popular russian lender russia's oldest banks burbank is looking to join big tech giving apple and google some competition here as part of rebranding the company is dropping the word bank from its logo and its 1st major online event the company presented

a range of services and gadgets including a family of virtual assistants each to cater to different personalities. people are all different someone needs and their teacher is mr george someone use them or a strange one so it's better we decided those 3 characters should be developed with its own personality so the main difference is attention to the user it makes communication your mileage what you thermally of soldiers systems or use focused on the user and not the company that are you to the point the company also unveiled its t.v. streaming box smart speaker and a new payment system spur pay which is an alternative to apple pay and google play or google pay that is sperm bank c.e.o. herman graff said we are the 1st and the only bank in the world which started to produce a smart device the transformation took 5 years. a

lot of red arrows this week as the sell off continues on wall street amid tensions between the united states and china in russia the molex is in the red the ruble stocks around 5 month lows this week mail are you dropped 5 percent on thursday alone following a stock sale well being over to asian markets the shanghai composite it's also in the red the end arc saw some steady declines with airlines really hurting in the asia pacific region in hong kong the hang seng index is falling some similar trends here property developer china ever ground group dropped nearly 10 percent on friday after seeking government support for a restructuring plan in japan the nikkei also in the red similar trends here despite some gains on friday the biggest losers were the railway companies moving to india where the sensex another red arrow here kovan 1000 concerns are weighing on the market but the prospect of a u.s.

relief package brought some gains on friday metals automotive i t and financial lead losses ending the week and we see our. first green arrow in australia where the country eased some lending rules for banks to help stimulate the economy some of the country's top thing saw gains of 5 to 6 percent on friday alone the all shares in south africa is just barely in the red for the week the biggest loser on friday was naspers down nearly 4 percent the company holds a stake in 10 cent which could face a ban of its we chat up in the united states and then moving over to europe and the americas in london the footsie also down for the week well it's pretty much following u.s. markets autos took a hit on friday down nearly 2 percent while the travel sector actually saw some gains week's close french cac and german dax also down there reacting to surges in a covert $1000.00 cases in the u.k.

france and spain french oil and gas company total say lost nearly 11 percent this week while germany's deutsche bank well it showed more than 12 percent and weaving across the atlantic to brazil the evil best buy also in the red the bell saw some gains as the country's central bank upgraded its g.d.p. forecast saying that it would only contract by 5 percent rather than the previous 6.4 percent estimate and mexico the b.m.v. is up on the week we're seeing a green arrow the bank of mexico cut interest rates by $25.00 b.p.s. to 4.25 percent which lifted some investor sentiment here and in the united states dow finished the week down while the the heavy the tech heavy nasdaq and the s. and p. bass weak out a green arrow despite that tech selloff we saw on wall street there are a lot of factors at play here for the u.s. markets including tensions with china the fate of new stimulus package and the

overall pandemic and a contentious election just weeks away in canada the ts. finished the week down just slightly the end x. is set for its 1st monthly loss since april barring substantial gains next week the canadian government did propose a new plan to bolster some jobless benefits to replace its current emergency but the energy sector is still weighing down the index and that is your global market walk. time now for a quick break but stay here because when we return u.s. airlines say drastic cuts and job losses are coming unless the federal government acts fast we'll take a look at what could lay ahead for one of the nation's hardest hit industries and as we go to break here the numbers of the.

kind of carbon there is drawing all forms are a long very hard there's change from page he's dard shergold right. his 1st words were i want to see your a choice the post you go to used to. walk the scriven. let's concentrate markets a $1000000000.00 industry these companies have a huge financial motivation to solve these problems there are numerous talking

showing doctors who are keen to test sites or a concentrates for insights of its own that patients why. gives them doctors the wrong stoplight gone. why they hate me i'm sick each of those years. people die and i'm always question michelle being hard to live by so many have. the pandemic no certainly no borders and is blind to nationalities. has emerged we don't have a 30 we don't look at seen the whole world needs to be. judged as commentary crisis at least christensen's times we can do better we should.

everyone is contributing each or own way but we also know that this crisis will not go on forever the challenge is great the response has been masked so many good people are helping us. it makes us feel very proud that we are in it together. on friday the european union said it would appeal a court decision made back in july in favor of apple and ireland the european union's competition chief margaret best a juror said the commission has decided to appeal before the european court of justice the general court's judgment of july 2020 on the apple state case in ireland the e.u.

general court ruled the commission failed to prove that the irish government gave a tax advantage to the tech giant while competition chief margaret busted her argued that apple had to repay $13000000000.00 euros in these undue tax benefits granted by ireland both apple and ireland contested the allegation now the european commission will take the case to the highest court in europe which could take years to resolve. an unprecedented crisis in facing is facing airlines in the united states with tens of thousands of jobs at risk as a deadline quickly approaches the airline employees are eagerly waiting to see if congress will approve an aid package much needed to keep things afloat for the airline industry artie's alex mahela bitch how the story. promises were made weeks ago be out there i jabbed now you know and stuff our. airlines are now this is a good time. to we're about ready to get back to good times but so far little has

manifested in the way of help for airlines in the u.s. and the clock is ticking september 30th is the last day of a 20 $5000000000.00 federal bailout package which it says would pay rolls in the industry with the end of assistance quickly approaching both airline company executives and union leaders are saying job cuts are on the way if there is no more government support with the coronavirus slamming the airline industry up until now relief funds have stopped layoffs and it required the airlines to maintain a minimum level of service the cares act which was signed into law last march has kept thousands of pilots flight attendants reservation agents and other airline staff employed through the pandemic if congress does not approve a 2nd package the harsh reality will kick in the latest data shows that due to over 19 u.s. domestic passenger volumes have plummeted approximately 70 percent year over year with dramatic drop seed when coronavirus measures 1st kicked in according to syrian

data southwest airlines is scheduled to have only 55 percent of flights that had a year ago those numbers are akin to air travel levels in the 1970 s. as for american airlines the company has been forced to ground hundreds of planes and is planning to fly about 25 percent volume in the last quarter of this year compared to the end of 2019 if a commitment for more money isn't made official say more than $75000.00 jobs could be lost as early as next week it is estimated that the u.s. airline industry supports approximately $10000000.00 jobs it accounts for $1.00 trillion dollars in u.s. g.d.p. right now airline industry groups are pushing for as much as 20000000000 dollars in additional aid the funds will be used exclusively for employee payroll currently there is bipartisan support for an extension to the airline relief but the bailout has been. all due to the inability of congress and the white house to agree on a grand or so big 19 package for being balanced and i watch my image.

for more we want to bring in gary left author of view from the wing harry thank you for being with us today i want to start with the obvious question here is there going to be more stimulus to help the airline industry before that deadline hits. will it's really not going to be determined on the basis of desire to help the airline industry that's been assigned for a majority of democrats republicans the administration has signaled interest is really caught up in the broader discussion about a another care act another coronavirus relief package and that's where it's clogged up so i'm going to make a bet about where the politics of that election year wind up but early on p.b.s. has broad support well it looks like it because president trump has talked about a possible order to to help these airline industries and saying that he's not going to allow these layoffs to happen but many cuts have already been made to air travel and we're going to see possibly if this package isn't passed by next week even

more cut off 75000 jobs could be laid off people employees would be laid off next week as alex mentioned in his piece if those are people are actually laid off could we see even more employees later being laid off. well the airlines are basically is that will eventually see more layoffs if travel demand drops even farther if the virus doesn't get under control it's not really about a question of government stimulus the aid for the airline industry would only require no furloughs there march 31 which is a low point in travel the winter period is when travel drops anyway it's really a question about what the course of the virus is going to look like however airlines are. downsizing their employee levels to match current levels of demand and projected levels of demand where they say you know where they're already

planning a world in which the united airlines that they don't recover until the end of next year where they think there's widespread vaccine ayyad of the world airline. trade association says that air travel won't recover fully whole 2024 not simply slimming down to a period where they snap back quickly they're slimming down to an expectation of a gradual recovery that's not fully instituted for always all right because there are still a high number percentage of americans and people around the world who don't want to fly even if there is an empty middle seat assuming a vaccine is available by early next year like many expect what is the future of airlines actually look like are we going to see prices in airfare rise astronomically. on the contrary because there are simply more seats than passengers there are parked planes that are parked airlines will be bringing back pass of the ahead of air travelers we're already seeing that where this 30 percent of travelers

in the sky but something on the order of 50 percent of flights that keeps fares low simply having more seats than passengers more supply than demand means lower prices for some time even when we get a vaccine it will be a gradual rollout there's been a gradual return to travel business travel is still a long ways off from returning it's maybe down instead of 95 percent it's down 85 percent and so the highest revenue past 10 years that tend to pay the most these are going these are going to be the last ones that are returning so it will be a gradual recovery of a low fares or a likely quite sometime well the f.d.a. only requires a vaccine to be 50 percent effective is that going to be enough to bring back that confidence among the public to the level that we saw before kovan 19. well it's going to be determined by the overall level of virus spread and the patient outcomes that we see from the virus every time

a 50 percent effective vaccine if that's all that we get is probably end up combined with better treatments can bind with the viruses spread that leave some immunity for some period of time together to things under control where the industry recovers does it recover fully. immediately no it takes some time for the but for the vaccine to be rolled out to enough people where the virus spreads slows down so the industry is in for a slow recovery one it's going to take much longer then another 6 months of payroll support to protect $50000.00 jobs at a core cost of $25000000000.00 or half a $1000000.00 per job where furloughs avoided for only 6 months righton much longer than 6 months much like you said it could be years or 567 who knows how long it will take to get to those levels for the airlines to be able to recover from this i want to ask you this area on thursday united airlines said that it's

going to provide cove $1000.00 test flights to hawaii now this is the 1st u.s. airline to do this the program is expected to launch on october 15th do you see other airlines following sue and what this help do you think consumer trust. well the fact why airlines has already also come out saying they're going to be doing the same thing and the reason they're focused on why is because of the of the why is requirement of a 14 day quarantine for arriving passengers beginning october 15th will allow a negative code test 2 of we've got quarantine requirement so it's either going to bring back passengers to the hawaii flights they're not yet requiring all passengers to of taken that test so it's been 2 years the companies that everyone else around them assessed a negative rather it's a way of avoiding you know steak or m.p.'s now united has said they are. going to expand the program possibly to other destinations from separate sysco which is where the doing well and hopefully the airports as well if they can really scale

testing they could give people the confidence to return the people around them as well as provide a mechanism that would allow more destinations not just domestic destinations to really open up to more trouble the ability to go to a variety of countries if everyone's coming in as already been tested really does make a lot of travel much more possible in the same way that people would be more willing to go to a restaurant and every one of the restaurant is already been cleared a little fast retesting has a significant role to play in letting people know that the activity is there ageing as. well it sounds like the airlines are trying to do what they can to recover little bits and pieces of what they've lost and are continue to lose because from people at least i've heard in my experience people that have been traveling on airplanes to and from places that airports are pretty crowded the airplanes i mean yes there is an empty middle seat but there's somebody sitting right in front of you and someone sitting right behind you so the confidence is still pretty low on

people who actually want to jump on a plane and at this point carry less author of you from the wing thank you so much for being with us today. that's all for this time you can catch boom bust on demand on the portable t.v. up available on your apple on android devices or simple check it out at the t.v. c.n.n. time. wall street financial engineers look up the crowds divert the money printing into their pockets at a rate that according to the rand corporation equals more than $50.00 trillion dollars so that is your god that's why we have social unrest that's why we have incredible all wealth and income gap that's why we have such a distorted economy that's why wages are not keeping up that's why we've got inflation raging that's your smoking gun and the story.

is your media a reflection of reality. in a world transformed. what will make you feel safe from. thyssen nation to community. are you going the right way or are you being legs up well. done with. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or a maybe lose shallowness. to what we've got to do is identify the threats that we have it's crazy to confront

a shouldn't let it be an arms race is on off and spearing dramatic development only closely i'm going to resist i don't see. how's that strategy will be successful very critical time to sit down and talk. we are segregated. by social class. people also in poverty. 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 on average 15 years old if you're born into generational poverty. it's a tough fight every day so you meet your needs and the needs of your family.

in the headlines this saturday 26 people have been killed after a military plane crash near a motorway in eastern ukraine the only survivor is in a critical condition. and consistencies in discrepancies moscow notes the alleged poisoning of election of snow bordering on fiction as berlin insists a military nerve agent was used against the opposition leader. also ahead. introduces a drone for recording security video inside the homes sparking surveillance. absolutely let's see if someone could hack it and then it comes out 2 years later.

listening to every word that you said.