chrystia freeland is expected to take on a new role.andled the negotiations in nafta with the u.s. and mexico and could become the country's new finance minister. a bright spot in the u.s. economy, housing. building application surging by the most in three decades as buyers take advantage of low interest rates. i will speak to ivy zelman. let's get a check on the major averages. your typical tuesday trade. dows&p 500 is up small, the down small, and the nasdaq up bigger. it is not official yet but it looks like chrystia freeland will take over. the dollar index is weaker broadly, including against the euro and sterling. gold back above $2000 an ounce. the risk off trade right back on. bloomberg has learned canada's deputy prime minister chrystia freeland will become the country's net finance minister, replacing bill morneau. he quit after a rift with justin trudeau route impossible to repair. freeland handled the negotiations of nafta between the u.s. and mexico and would be the first woman in the role of finance minister. joining us to

justin trudeau naming chrystia freeland as canada's new finance minister, and joe, if anyone knows chrystiareeland's her background, it has been quite a ride for her. joe: we should all be really excited. named theas been finance minister because, of course, she has a background in media, having been at reuters, the financial times. anyone of us three probably can be -- could be a g7 finance minister one day. how can we not be very excited about what this means for our career prospects? [laughter] caroline: i am seeing the next job opportunities come pouring in. meanwhile, let's see what she is doing on the ground, because she has been away from journalism and spending a lot of stimulus -- a lot of cash. stimulus in the picture compared to the u.s. with all the infighting. while canada get money faster? your perspective to the trusted confidant of justin trudeau. from a foreign perspective, what do she mean for actual stimulus to the canadian economy right now? essentiallyxt is that the previous finance minister who resigned last night resigned amid some divisions over policy. it is not abo

even before a crowd of ours much like you said you must co-host chrystia i want to thank you for taking us into a deeper look into crypto currency as always thank you. for now catch boom bust on demand on the brand new portable t.v. are available on smartphones and tablets google will play on the apple app store by searching portable t.v. portable t.v. can also be downloaded on newer models samphan smart t.v.'s as well as devices or simply check it out at portable dot t.v. the next time. is you'll be a reflection of reality. what will make you feel safe. tyson nation the community. are you going the right way or are you being led to see. what is true what is great. in the world corrupted you need to descend. to join us in the depths. aura made in the shallows. seem wrong why don't we all just don't all. get to shape our disdain to come to council. and engage with equals betrayal. when so many find themselves worlds apart we choose to look for common ground. if you go to the symphony in interest just warming up and each musician has is tuning his or her instrument so you hear this year a

a significant risk joining us now to break down but co-host christine and ben swan chrystia let's start with you what are the risks and some of the rewards of using this kind of system. first off to start off i think if you think about it this system really took off at a really unique time during the $1000.00 crisis when literally small businesses and individuals they struggled to take out loans and there was a cluster failure that was the p.p.p. program where many small businesses and individuals they weren't even eligible to apply for these very necessary funds so when traditional finance fails that's really when crypto shines because these this new decentralized finance platforms that allows for lenders and borrowers to transact without the headache as you said of the middleman big banks so loans on these platforms have now risen to more than 7 fold since march to nearly $4000000000.00 so there are huge benefits to these pot forms namely that is completely peer to peer which means that it is cheaper and you don't incur these high underwriting fees which is where the banks essentially

still down 31 percent so impact this with bring in plus co-host christiane to discuss where things chrystia want to start obviously 1st of all it's a big retail earnings week and wal-mart just posted one of its best quarters ever but the stock is trading down what's going on there well you kind of got to remember that the market is always forward looking and earnings week is kind of like lining up the craps table to see if you passed or you didn't past afterwards you just clear and reset because all of that is done and it's historical and you have to look ahead to the next quarter which is exactly what happened here wal-mart had a big run up into earnings they were big earnings and on expectations they were up like almost 6 percent before falling back down so they posted their biggest earnings surprise in 31 years tuesday as the online sales nearly doubled during the pandemic as well as same store sales that also climbed to 9.3 percent and surged as wal-mart supplied customers with food and other staple consumer goods during the entire pandemic season so looking forward however wal-mart pla

the country's deputy prime minister, chrystia freeland, called the us decision "absurd".ial action, after accusing british airways of naked greed, in forcing some cabin crew out of theirjobs. thousands of uk staff have received emails today telling them whether they're being made redundant, while most of those choosing to stay with ba will have to sign new contracts on lower pay. the airline says the changes are needed for its survival following the coronavirus pandemic. 0ur transport correspondent, tom burridge, has been speaking to some of those affected. ba is locked in a bitter battle with some of its staff, who now face a bleak new reality. how this is going to affect my family personally. that's what's keeping me up at night, is to be able to provide for them. and i simply didn't want to end my career at british airways like this. this cabin crew member wanted to hide his face. he fears ba could take action against him, but he wants his story heard. myself and my wife, we both fly. it's going to affect us both. we're going to have to sell our home. even if he keeps

the country's deputy prime minister, chrystia freeland, called the us decision ‘absurd'.is warning of a humanitarian disaster in lebanon, with widespread medicine and food shortages, after this week's explosion in the capital, beirut. 154 people are now known to have died in the blast and thousands more were injured. at least 300,000 people have been made homeless. 0ur middle east correspondent, quentin sommerville has this report. singing. the lebanese are used to taking matters into their own hands. singing their national anthem, they came from all over the country to clear up their capital. you've come all the way here to beirut? why? yes, for volunteering. to support all the people who are damaged and they are homeless right now. and meet the ladies of the tripoli cleaning squad, from just up the coast from beirut. they told me, "we remain united no matter how much "they try to separate us. "muslim, sunni, shia, druze, christian — "we're all one band." it seems like every second person in beirut is carrying either a shovel or a broom. there's a massive clear—up going

will can you imagine what this must be worth this siri thing let's ask our panel joining us now chrystia boom bust george galloway who joins us from the u.k. as a former member of parliament i don't know kristie what would you say it mean if you have to put a number on it what would you say that syria technology would be worth i mean this is voice back we're talking about voice recognition so this is everything from life theory to even microsoft's cortana and this isn't the 1st lawsuit that apple has faced apple has faced several multibillion dollar lawsuits in the past from everyone with call com all the way to cal tech so it's not a stretch to think that apple had indeed in french on this patent because a large corporation such as apple such as google they are now. increasingly engaged in what we're calling efficient and frenchmen and which they choose to actively infringe on other people's patents because it costs less if they will pay last money in a court order judgement and improperly negotiated license agreement so this is interesting george galloway for years we've heard that the

or not it will actually bypass central banks well for more on this we're joined by then so on and chrystia i ben let's start with you because this is something that we've talked about multiple times on this show that the fed will soon attempt to create its own digital currency now i think it's fair to say this move doesn't catch you as a surprise break down what this could look like would we have a digital wallet separate from your regular bank accounts. well essentially that's probably what would happen i guess that's what they're trying to get mit to take a look at what's fascinating about this is the fed's terminology i've been saying for well over a year the fed was going to do this at some point very soon in fact i think i even said it this week and yet here we are at this moment where the fed is saying well we're going to create a hypothetical digital currency is not hypothetical they don't even talk like that right that's ridiculous terminology the reality is the fed knows that it's way behind the rest of the world in this way behind the cryptocurrency boom that has taken place sinc

for more on the relief deal and how markets are doing we are joined by co-host chrystia and c.e.o. and chief strategist for quo intelligence and former federal reserve insider danielle de martino booth danielle let's start with you president trump on saturday he signed this a series of these executive orders to expand this relief bill to americans but these new orders they're probably going to face a legal challenge is continuing the programs would require federal funding which obviously congress controls what's going to happen now and will democrats challenge this. well i do think that democrats are going to say that they're going to challenge it and i do think that there will be a challenge to this but i think the sticking point is there's probably not a democrat or republican or a politician in the country who would actually try and stop this money from going out directly to to people in need of it people who are still unemployed there are people in the bases of both the rip current republican and the democratic party so again i think that there will indeed be legal challenges i

board member of the british american business association thank you both for joining us today now chrystia i want to start with you i know we've talked about the tick tock and all of this at great length but what do you make of adding to the tech war between the u.s. and china and what impact will this have on some of the american companies that which as owner 10 cent actually has a stake it. is actually only a matter of time before we carry even ali baba with targeted attacks because the cold war is really escalating the sea has a relationship and train between the u.s. and china and it's breaking down even further so it would be naive to think that this would only affect hollande last year so i. part of this new clean network order is prohibiting the u.s. president from doing business with tech talk and we chat meaning that they will not be available to download also the apple app store the google play store so banning tick-tock was one thing but now messing with the chat you could say that we chat is the backbone of social media in china to say that it's just another small to medium ess

the concept of digital economy with those digital systems and so i think they'll continue to grow chrystia what's your take i think it is actually a very dangerous thing for central governments to start moving into such digital currency because then essentially is just going to be a digital backed government backed currency which is essentially no difference and they're going to run into the exact same problems exact same inflationary problems as we're going to have just an electronic digital form well especially because that's exactly what is the purpose of quite as well and people have confidence in it because it's not government backed but it's all the time we have for today boom bust cohost spend so on and thank you for that expert knowledge. that. elon musk space is taking at starlink project into hyper drive and presentations the federal communications commission the company says it's making $120.00 satellites per month this is all part of the ultimate plan to build a network of $12000.00 small satellites in order to produce high speed internet anywhere in the world so far the compan

for more we're joined by bilbo's co-host chrystia and c.e.o. of euro pacific capital peter schiff peter let's start with you and despite washington's hostility toward china it really seems like president xi jinping is keen to really try to deescalate the rising tensions i think he wants to ensure american companies continue doing business with china how is he even planning to achieve this. why do you know those american companies who are now doing business in china want to continue doing business in china and i think he also knows that the last thing the president from needs is another problem between now and the election so i think the chinese realize that if they play their cards right they probably won't have any additional problems to deal with between now and then well absolutely and that's something that they're keeping a close eye on kristie what do you make of these trade talks and these discussions are really anything new actually being discussed or are these both sides really just tiptoeing around each other there's nothing really new

canada has named chrystia freeland as its new finance minister.stin trudeau's top aides the job of overseeing the nation's economic recovery. she has been one of trudeau's go to ministers for some of the governments's main issues, including renegotiating the north american free-trade pact. freeland is the first woman to hold this new position. the political crisis in mali has escalated. the president has resigned after being detained by the military. in a broadcast on state television, he says he felt he had no choice but to comply. it comes after weeks of protests that allege corruption and nepotism within the government. mali's neighbors have condemned the move, announcing sanctions. hong kong is clearing up after its most powerful storm so far this year. the typhoon disrupted business and travel and forced of the cancellation of morningstar trading in hong kong. it caused little damage. hong kong has now lowered its warning signal as the typhoon is moving away from the city and trading restarted in the afternoon session. global news 24 hours a

krista. >> my name is chrystia and i teach at balboa high school. something that i heard alluded to but not quite ex police station italy named by parents and educators and students was the issue of petagogi and my -- what i'm gathering from all that was said this evening is that by and large sfusd planning on essentially teaching to the best of our abilities, obviously, in crisis learning mode, from a distance and so what i wanted to actually bring to the table and i recognize that ultimately it's on the board to decide what they want to do with this, given that plans are already being made, is that we really engage in a deeper shift that follows as allison collins said, ro renamig this. one thing that's come up in a lot of conversations with colleagues of mine throughout the district, is the idea of as much as possible, looping students with their existing teachers or with teachers they might have already had. and by doing so essentially prioritizing youth development and mental health and it's require to happen and i understand for me with my spe

this situation is moving so fast that a week ago when i was meeting with chrystia freeland, i was talking about a counter cyclical stimulous in the gdp and i think we all agree it will be an order of magnitude larger. we'll do our part here in alberta and i'm confident the federal government will, as well, and i believe that -- i know they are working specifically on packages for the aviation and the energy sector recognising their unique vulnerability right now. >> do you have a followup, chris? >> there was no childcare benefit. so we just found out the federal package this morning at, i guess 9:00, and minister toews and his team are pouring through this to see where there are gaps. there was a significant enhancement of the canada child benefit here of $2 billion, as well as the gst credit and goes to a lot of low-income families with kids. so we'll go through that and see if more needs to be done. today was an initial package and we'll see if there are gaps to supplement in the days ahead. >> perhaps we're being kicked out. is that something you could pass legislation into? >> look,