l l c. thank you both for being here. the quote i want to start with you in fcc chair gary gansler statement on the issue. he said he worries that average investors may not realize they hold stock in a shell company rather than a china based operating company. how are these companies actually listed in the us? and what exactly does all of this mean? things sprint. so these are variable interest entities that are essentially listed as a diaz on the exchange. they are, as you have implied, not necessarily transparent to shareholders and especially individual shareholders in the us regarding the legal structures. and that's part of what miss against are, is targeting here. this is a continuation of an effort to tighten up regulation and transparency with respect to chinese. 80 are listed companies of which there are about $400.00 on the american exchanges, including about 10 stay don't to enterprise. as you'll recall. busy that there was an effort made to tighten up on the ordering really regulations regarding disclosure by these companies. and now following the meltdown of the dd, global by p. o. which of course cost american investors and their advisors, a tremendous amount of money. as you indicated, there's now a backlash in the us to make sure that there's more transparent disclosure by these chinese entities. now tabio staying on the subject of trying to avoid losses in the future. i mean, when we look at that $12800000000.00 in chinese listing so far this year, and of course in d d taking losses and the regulatory scrutiny, is this all about the fcc trying to avoid some kind of market meltdown of chinese stocks? your fog world to mystic and generous, your interpretation, the fcc actions. and i think if i look at that and say they're trying to make things worse if anything. so they're adding new dispos requirements into the chinese stocks in terms of and now trying to companies going to require disclose what actions might the chinese government take that might impact you in the future . and of course, there's no honest way to answer that question. and what that does is opens up these chinese companies, future losses who shareholders more than anything else. so i think the fcc is wrong and helping is making things worse, perhaps in adverse outcomes because i'm calling this guy don't know, they seems we are in the phase that was come to about tension. and i'm most between debating washington. and this just seems like a manifestation of that. so i think he's doing the opposite. the trying to make things worse. that could definitely be the case with all of those rising tensions between the us and china. now, dean quotes, let's look at the response from chinese regulators. here. it seems that they have been particularly tough on chinese tech companies listing abroad, along with all of the economic tensions with the u. s. do we really expect these 2 sides to work hand in hand to make this work? are you is optimistic? are you more pessimistic? the way our tabio is while i'm, i'm a little bit more on the pessimistic side. i think china is very much focused on internal issues and that the measures that were taken against d. d global for instance, were essentially reprimanding that company for listing on the new york exchange. contrary to what beijing had asked to do. so i think they ging, is interested in sort of raining in these chinese companies are not particularly interested in the welfare of american investors who buy their a diaz. i don't think china needs the capital investment of american investors as it used to do, perhaps 5 years ago. so very much of an internal focus on the china side. and let's face it. chinese stocks over all of gone down 22 percent this year while the s and p is going up 18 percent. you know, that's a manifestation of the increasing perception of political risk that's associated with holding chinese ideas in the u. s. and now octavio, there's another story, as well as we talk about this regulatory landscape. shares in a group of gaming related companies including chinese, heavy weight, 10 cent, and net is punch tuesday after a state o newspaper criticize online gaming as quote, opium for the mind and called on further restrictions on the industry 10th. it was down 6 percent with net. he's losing a percent on shares listed in hong kong, overall tech on the index. the last one and a half percent for the day. do you see investors or do investors see this as the next front for the tech cracked out in china after what we've seen over the last several months. and they should have said that with apologies to call marks, of course, that religion is the people are the methods. so i guess we moved all the way to video games. now the opium of the mind, which is progress of a sort i suppose. no, i think i think from what was happening here is that the chinese government has always tried very hard to keep this pulse and maintain control of what it thought, what the strategic sectors in the economy and that in the past with things like banking a lot manufacturing sort of heavy manufacturing sort of mineral extraction, things like that. so they held on to steal foundries and things believing that was the future strategic sector, 2030 years own and doesn't look like those sectors that, that strategic and other areas are sort of got away from them. and now the areas that the trying to catch up on. so i think the chinese communist party feels like they've lost controls and very serious parts of the company and trying to rain. and the fact that they thought were important, the parts are simply not relevant anymore. and thoughtful, it's happening sort of catch up as catch up on the strategic factors and bring them back under control the quality of 30 seconds. why do you make that last point there? from octavia. well, i think those i think are 12 years right. but i think in addition, the chinese government is very interested in social control and not letting video game activity get out of hand among young children and frankly, tense. and the other companies in this industry going to have to play ball with the chinese authorities to continue to operate. so there's a license to operate concept in china that involves working with the central government and respecting social policy as directed by beijing, right. of course, it should be noted that china obviously recently actually lifted restrictions on video games as a whole. in recent years, john clouds jean of the my american business school and octavio moran, the ceo of optimus l l. c. thank you so much. greece and turkey are being hit with mouth of heat waves and wildfires which are crippling the nations right now. in fact, the prime minister of greece says the heat wave is the worse in 30 years. so joining us now to discuss this and how it's impacting countries already struggling from europe, cobra lockdown is boom bus co host ben swan who joins us from grief. now ben, give us an idea of how severe this heat wave is. what's it like there? yeah, it's pretty incredible guys that we're talking about in athens today. it's a 108 degrees fahrenheit, which is a staggering number to consider. yeah. and really this has been the case all across breeze. 20 degrees hotter than it normally would be. this time of year. it's the hardest. it's been in 30 years. we're talking about in 1987 was the last time it was this hot increase in 1500 people died that year because of heat related deaths . so this year the numbers so far have not been, you know, to that point. but in ter