the major gold mining companies are racing for the position of world market leader at the moment barrick gold from canada is ahead the number two is no more mining from the u.s. which is currently trying to take the lead by acquiring a canadian competitor gold coal today the shareholders of both companies are voting on that gold mining is of course also an important industry in many african countries take uganda for example which is reported a sharp rise in gold exports from just ten million dollars in two thousand and eight to more than half a billion dollars last year but while the government is happy about the growth that is yet to reflect on the people at the bottom end of the lucrative gold mining industry local miner say that pay is far too low. this is someone's what place i live in which is spain's at least eight hours a day trying to earn a living from mining goard any stand your ground. to call it is really tiresome as you can see going up and down inside and out of the cave. the process of mining gold involves a lot of manual labor from extracting rocks to crushing them into small

every stock in the fund is lower on the day so far at least, but some of the biggest miners like barrick goldnt mining losing among other names. >> dom, thank you. >>> when we return, jim stewart is with us why he thinks disney still hasn't solved the cord cutting problem, even with its new streaming platform >>> and later, aphria cannabis stock getting crushed today as the company reported weaker than expected results chairman and interim ceo irwin simon will join us later this hour more "squawk on the street" when we come right back >>> good morning, everybody. i'm sue herera here is your cnbc news update at this hour. secretary of state mike pompeo in columbia on sunday on the final leg of his four nation south american tour which is aimed at pressuring venezuelan leader nicolas maduro. pompeo and the coluombian president visiting a bridge. >> should reject the rule imposed on the venezuelan people including the venezuelan military leadership. the united states will continue to utilize every economic and political means at our disposal to help the venezuelan people. >>> german prosecutors