u.s. currency is based on what's called a confirmation of a payment functions much faster and more cheaply than with block chains from competitors like bitcoin small sums are easily dealt with. it's just a secure. good thing about your size that we've got a lot of researchers on board almost ten mathematicians they're laying at the theory behind the tongue they're validation it with solid proof which is what we're working on that you know. until now people are still shopping for groceries rather than leaving it up to the fridge but cryptic currencies are bringing the days of machine to machine transactions one step closer all right you know what all of the paris international agricultural show this week in paris. are anything but happy they are concerned about unemployment if a free trade deal comes into force in the south american. this scales dealt full expression says it all there's an undercurrent of anxiety at this year's paris international agricultural show farmers here dreading the arrival of more terror free meat from brazil argentina uruguay and power as soon as the free trade de

u.s. currency. the yen surges. selloff, bonds continues with the ten-year yields to the highest level since 2014. is 3% a negative catalyst for stock? south african stocks pop, but for how long? david: welcome to "bloomberg daybreak: europe go -- welcome to bloomberg daybreak. up yesterday, look what happened. we see those higher bond yields. 2.5 hours to the cash open in the u.s.. future looking to a positive open by about 13 points. weaker dollar, weaker dollar. 1.24 heading up to some kind of resistance. the selloff in the bond market continues. yield --he 10 year 2.93% on the 10 year yield. pivotrt of the morning to of the weaker dollar has to be dollar-yen continuing its move below of critical support levels. nonetheless, the question of the stronger yen, is it a safe haven play? is it the hedging? a lot of question marks to what it's doing. companies aren't so fine with it. it does not do well for equities. taylor riggs is here with first word news. taylor: in south florida, a 19-year-old former student has b

u.s. currency. >> theoretically, it is bad for the currency to maintain a stable real rate.e generally, i think the issue is for a given level of to pilehey are willing in an finance america's current account deficit. changederceptions have radically over the next six weeks or so. eventually investing will require a higher rate in clearly -- to fite's always a model the price action. then, if thisnt theory is correct, the compensation you need, at what point does that kick in the u.s. dollar. >> that is the million-dollar question. less probably going to be than that, but clearly on the basis of history, given the external deficit. >> walkers through the big picture. a weekovery we have seen and a half ago it does not seem to be falling. the story was wage pressure, rate hikes, inflation, goldilocks coming to an end. a hottest, we've had cpi report. several data points would confirm the old narrative and no back down in rates. the above phase question mark >> i think it is a phase at the tip the top. 5% don't happen very often in the affected did on the heels of a year when

u.s. is no longer attracting the rest of the world's flows. it is the unhedged flows that have currencympact. the u.s. has been the beneficiary of the carry trade. you are only willing to bear the risks of an unhedged dollar position in carry trades if you're comfortable with the currency. as soon as you learn the -- lose the confidence to carry goes away because the fx returns are a much bigger can tone it -- bigger component or at we see the dollar lose its attractiveness because international returns start to look attractive, home alternatives that that her and the flows can turn. that is what happening and that is the dollar declining and concern is driving up interest rates. hypothetical treasury. anonymous country has a treasury secretary that the link up a big budget deficit. how much mistake is it for them to go around talking down the currency? can be an issue. the problem is, the u.s. has great reservoirs of benefits that short-term discussion may not be able to fully drain. jonathan: you handle that really well. awant to bring you into conversation. conversation about rebalan

u.s. senate the move is said to be in response to the growing size of the digital currency capitalization which some say could have an impact an adverse impact on the u.s. economy a senate banking committee member republican senator mike rounds said quote there's no question about the fact that there is a need for a regulatory framework crypto currencies are currently regulated by the u.s. securities exchange commission before the commodity futures trading commission my old agency the department of treasury and the u.s. federal reserve and individual states. japan's deal industry said on monday that the a proposal by the u.s. department of commerce to president donald trump would impose curbs on steel imports and that it violates the principles of free trade for more we're joined by r.t. correspondent dan cowen dan thanks for being here so what's the latest on on these on these still import potential quotas good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel an

u.s. currency. so it is a serious blow to their businesses.heir well-designed not because it is just a blow to their business, but putin positions himself as the patriarch that distributes money and power to the clan. those sanctions directly attack his ability to distribute money and power because the us government basically takes away the money and the power that he has gifted. -- that is why those sanctions are the ones i get the biggest reaction out of putin. now, the conceived -- behind the sanctions, there are a couple of theories behind them. one, we will get the elites so mad they will coalesce against putin. that isn't going to happen. another is that it will hurt in the russian economy and putin will get worried about becoming less popular. that also is not going to happen. the kind of regime putin has built thrives on economic scarcity. the counter sanctions he has imposed in response to the sanctions imposed because of the war in ukraine, the counter sentience of had a bigger impact on the russian economy than the sanctions themsel

u.s. currencies i'm looking for currencies trading at a lower discount on pes. just bought some of that, i love the balance sheet and it has a succulent dividend. >> succulent dividend. succulent maybe the word of the day for the markets. pete ma jenajarian, final thougs >> you look pat what's going on with the imposed tariffs and you look at u.s. steel, you look at ak steel, arcelormitta, we updated that option we had on wednesday yesterday and i'm going to update you again. i took off my position this stock ripped to the upside, all the steels obviously have moved to the upside but it gave you an insight of something going on here and those deals have been on fire today. >> thank you very much thanks for making it easy. the dow is up 142. half time up, "power lunch" begins right now >>> i'm michelle caruso cabrera and here's what's on the "power lunch" menu. fears fading the dow and s&p have already recovered more than 60% of the selloff. what has changed oceans of crime. there's a new cnbc documentary that dives into the global seafood industry and finds a wo

u.s. currency import price inflation and a dynamic where they threw on the fire. >> with tax reform snoochlt and now a fiscal policy on infrastructure markets will be unconsideratible if rates move. >> hot jobs market tomorrow. >> in fact, bad news tomorrow is good news for the market. >>> totally agree with that. it is about how fast the rates move. >> one trader is betting this spells trouble for one hot safety trade let's get to mike khouw. he is all over the place. >> where is waldo -- or mike khouw in this case. >> he's here. >> el perks, the etf that tracks the staple sector. we saw double the average put volume in that space today the trade that we saw was an interesting ratio put predator the march 57, 54 put spread. bought 57s, told 54. that cents making a bearish bet that xlp could drop 5% or more in the next six weeks that may not sound like a lot but it is a stable sector and it is going to be testing the 51 week lows if it gets there. >> "options action" tomorrow at 5:30 eastern time. that's here at the nasdaq. >>> still ahead, apple, amazon and alphabet on the move after hours

u.s. dollar as their official currency so it's a u.s. financial sector that's at the forefront of adopting modern information and communications technology. obviously it's very important to us. so this creates substantial cyber security risks for us with industry estimating in the hundreds of billions of dollars of potential financial losses from malicious cyber activity. so let's think about criminal threats as they risk the financial and payment system. so financial gain as you would expect is a typical driver of why a criminal is going to try to do this kind of cyber crime. financial systems are a common target for both domestic and transnational criminals. these criminals use a number of different organizations to attack these systems. some may have a core group living in the city of the system they're going to attack, for instance, atlanta, some may have a globally disbursed network that has never met in person but as i mentioned before they are able to connect themselves online through virtually. core members are usually located in

u.s. dollar is the foremost world reserve currency. most are held outside the united states. 10 countries use the u.s. dollar as their official currency. it is the u.s. financial sector at the forefront of adopting modern communications technology. obviously it is very important to us. this creates substantial cyber security risks. the industry estimates hundreds of billions of dollars of potential financial losses from malicious cyber activity. let's think about criminal threats as a risk to financial and payment systems. financial gain, as you expect, is a difficult driver of why a criminal would do this kind of cyber crime. and financial systems are a common target for both domestic and transnational terminals. these criminals use a number of different organizations to attack these systems. some may have a core group in the city of they are going to attack. some might have a globally dispersed network that have never met in person but they are able to connect themselves online virtually. core members are usually located in a country

u.s. currency strong. julia: congress becomes the buffer.e will see if they stand up to the job. peter coy julia: -- julia: peter coy, economic editor for bloomberg is this week who wrote the cover story, this week. scarlet: you can at some of the how did your first we go. julia: a long one. coming up, more data next week. we will discuss. this is bloomberg. ♪ mark: i am mark crumpton was first word news. a white house spokesperson told bloomberg that john kelly did not offer to resign. this follows an abc news report that kelly expressed to president trump he is willing to step down. abc says the president reportedly is considering multiple names as possible kelly replacements. among those, top economic advisor gary cohn, mick mulvaney, and mark meadows of north carolina. kelly has been under pressure since questions surfaced about his defense. a former white house staff secretary rob porter. only thought to keep harder the job despite accusations of spousal abuse from porter's two ex wives. he resigned this week. one police officer was kil

u.s. dollar is a currency that other countries recognize as funding wars and the weapons on the property that they're trying to escape. the program israel the spin described as a beacon of light on hope in the middle east by the u.k. defense secretary gotten williamson also stressed that israel has a friend for life in britain and has been asking people in london if they agree. if you were the u.k.'s defense secretary which country would you call it because of light in the middle east jordan beautiful light on the whole. definitely not the us . put it this way i suppose i would think of lebanon where christians would. appear to work. away living together and sharing political power you're right perhaps he was talking about israel always now i don't agree because of the palestinian troubles i don't subscribe to that they're not very good at adapting to other people i think it's just going to home a two state solution but do you think israel is a beacon of light yes. because we have the technology i think you can use i think that's hope for the best he's also said that britain is going to remai

u.s. dollars while reserve currency a one row one belt policy looking up russia and china is out of the dollar every last trade oil away from the dollar the countries are desperate to get out of the u.s. dollar so the dollar is going. lose value no matter what anybody says here's the treasury secretary we're trying to make it look like oh it's our policy for a lower dollar borrowing now what he says the dollar is going lower as i've been saying for a number of years because the u.s. dollar is a currency that other countries recognize as funding the war and the weapons and the poverty that they're trying to escape. from. this little bundle of joy he would have no chills of surviving in the wild. as can only really one come at a time but usually cuba's to. china puts a lot of effort into making up for this cruel mistake of nature. is just. china's premier breeding has become something of a production line. it's almost as though they've been copied three d. printed and put on show for the public. several cubs are born here each year. but only less would buy dedicated scientists will be for nothin

u.s. is no longer attracting the rest of the world's flows. but it is the unhedged flows we are talking about that have currency impact. the u.s. s been the beneficiary of the carry trade. and you only are willing to bear the risks of an unhedged dollar position in carry trades if you are comfortable with the currency. as soon as you lose the confidence in the currency, the carry goes away dramatically because the fx returns are in -- a much component of that. if you see the dollar lose the international attractiveness, because international returns start to look attractive, home alternatives start to look better the flows can turn. , i think that is what is happening, and it is now the dollar is declining and concerns driving up interest rate differentials. jonathan: hypothetical treasury, let's just pretend. anonymous country has a treasury secretary building up a budget deficit. how much of a mistake is it for the treasury secretary to go around talking down the currency? jeffrey: [laughter] it can be an issue, but the problem is the u.s. has great reservoirs of benefits that that short-term discussion may not be able to full

u.s. dollar is a currency that other countries recognize as funding wars and the weapons on the property that they're trying to escape. back with are to international israel as being cold a beacon of light and hope in the middle east by the u.k.'s the fence secretary galvin williamson also stressed that the nation has a friend for life in britain. has been asking people in london for their thoughts on the. if you were the u.k.'s defense secretary which country would you call a beacon of light hope in the middle east jordan beautiful larger than the hole you should definitely know the us. put it this way i suppose i would think lebanon is where christians and muslims appear to work out a way of living together and sharing political power you're right perhaps he was talking about israel israel no i don't agree because of the palestinian troubles i don't subscribe to that they're not very good at adapting to other people i think it's just going to home a two state solution but do you think israel is a beacon of light yes why because you have the difficulties i think you peace i think the peace a

u.s. dollar is a currency that other countries recognize as funding the wars and the weapons on the property that they're trying to escape. appetite i mean for. conflict is very very low these days and public servant much more eager to see economic improvement and they are to. actually get into a fight with a neighbor or or with other powers in the world. welcome back across like we're all things considered i'm peter remind you we're discussing turkey and syria. ok let me go back to dan in oxford i hate going to hard breaks like that but it happens ok so i'm going to go let you finish your point with the press proviso here i'm really glad we went to this point in talking about us turkey relations because in the foreign policy blob's fear in washington the great swamp of america i mean there's plenty of people that are writing off turkey completely saying even we don't need them in nato i mean there and this is in the national security council this is in. the state department defense department i mean there is a raging debate going on in the intelligence community as well is how important the

u.s. dollar as well reserve currency a one road one belt policy linking up russia and china is out of the dollar every last trade oil away from the dollar and countries are desperate to get out of the u.s. dollar so the dollar is going to lose value no matter what anybody says here's the treasury secretary trying to make it look like. a lower dollar really matter what he says the dollar is going lower as we've been saying for a number of years because the u.s. dollar is a currency that other countries recognize as funding wars and the weapons and the poverty that they're trying to escape. welcome back to the program and medical professionals across russia have been left outraged after the conviction of a renowned moscow hematology just she was found guilty of medical malpractise off of the death of a patient many doctors though as well as legal experts claim the case against her had significant flaws auntie's it up a trend as the details it was doctor you enemies you had a nose job to come to this clinic every day and work to save people's lives she was the mastermind behind this brand new

u.s. senate the move is said to be in response to the growing size of the digital currency capitalization which some say could have an impact an adverse impact on the u.s. economy a senate banking committee member republican senator mike rounds said quote there's no question about the fact that there is a need for a regulatory framework crypto currencies are currently regulated by the u.s. securities exchange commission before the commodity futures trading commission my old agency the department of treasury and the u.s. federal reserve and individual states. japan's steel industry said on monday that the a proposal by the u.s. department of commerce to president donald trump would impose curbs on steel imports and that it violates the principles of free trade for more we're joined by r.t. correspondent dan cowen dan thanks for being here so what's the latest on on these on these still import potential quotas good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel a

u.s. currency is a matter of international relations. david: let's put fx aside for just a moment.elp me as a matter of economics, has the white house is saying if we get capital investment up, we will get productivity up and that will keep the inflation down. from an economics point of view, how direct is the relationship between capital investment and productivity increases? it is basically about return on capital, return on investment. the truth of the matter is that we have had very spotty signals from the stock market, that this return on investment is happening. the question is, is this happening on the back of the projection generation economy, and the jury is still out. the importance here is one of time. it will take a very long time before the deficit spending and tax cuts materialize in the form of stronger investments, private sector, public sector as well. how this is financed and implemented, there are some significant lags. in turn, that would eventually egoove the real economy structure, the ecosystem that supports a productive investment. butdividends will be there

the currency has been strong across the region, so they are probably not that worried about compared to 2013 when you had rate hikes in the u.sding currencies weaker. think it's more of a domestic thing. conditions are good. on inflationing risk, malaysia has already hike, the philippines is going to hike if not this week, fairly soon. kathleen: let's get right to the philippines. for the longest time, the story has been asian central banks are not moving. now as you are pointing out, there are individual cases, not necessarily a regionwide move in inflation, it's what is going on in each country. what is going on in the philippines? richard: the philippines is still looks great. i was there a week or so back, the economy is doing tremendously well. people are worried about the deterioration in the trade balance. to me, you should not be that worried, it is funding and investmentwill -- an boom. if you are funding and emerging economy, you should not be worried about that. i think the economy is doing really well. there are some inflation pressures coming through, and from a prudence point of view, they will probably raise ra

u.s. dollar is a currency that other countries recognize as funding wars and the weapons on the property that they're trying to escape. welcome back to the point that these five migrants are in hospital after being shot down during a must find to food bank in the french port of cali and that the twenty two people have been injured correspondent shot it depends for us. this is one of the many food distribution points in cali just take a look behind me and you'll see a group of migrants who've come here to receive food to receive clothing and other items and it's one of these distribution points that the clashes broke out on thursday hundreds of migrants armed with iron bars with sticks and even a gun fighting over what was on offer now we understand that more than twenty people were injured in that violence which up to over numerous parts of cali including five who were injured from the shooting and for those teenagers said to be critically injured this is the latest round of violence in cali and the french interior minister has described it as reaching new levels. i came to carry because what

u.s. has in the global financial system. francine: are we talking about currency wars, christian? of context, growth is a tradition of the treasury secretary, saying a demand for a strong dollar is good for the u.s., it was corrected by the president. it does show that, if you look at the weak dollar, it has helped equities by foreign earnings -- boosting foreign earnings in dollar terms for u.s. companies. signaledunderlying that the u.s. is still probably unhappy with the trade deficit and how they inc. that is one way to alleviate it. sides.two >> the trade imbalance is the main reason why president trump started this tariffs that have been put on from china. trade and balance is not a matter of just currency, it is savings and investment, macroeconomics, just not something the currency value can resolve. i have a question about the president. he has talked a protectionist talk but not walk the walk. what could donald trump do to invite retaliation perhaps from the chinese, and start a trade war? >> he has already play some kind of tariffs on washing machines and satellite. prod

in the immediate future i believe that every payment in crypto currencies will be monitored the same way as traditional transactions in u.s. dollars euros roubles etc but at the end of the day what is it that makes a crypto currency better which on the ruble. the answer is nothing or she's could you don't suppose there are restrictions on transactions with a certain russian company on the sanctions list how can this company deliver its prada. so the buyer should receive the payment the conventional way would be to use dollars or euros or what have you but if the company's under sanctions this is no longer possible so if a company bought let's say some military goods from us and wants to make the transaction roubles there's nothing stopping them to do is just to buy rubles at the exchange what about the joints sure but why would you want to do that the ruble is a much more simple it's reliable it's easier to use you see the problem with. this much smarter twice as much than it goes down again. transactions are just as transparent as with any of the currency states as a really developed a way to monitor these transactions s

u.s. weak, itllar is implies the other currencies are strong against it. the fx market is not a zero-sum game. for the u.s., yes, of course. but for those in europe, it is a different story. if i could make the final point on what i said earlier about inflation, the new inflation proponent is of course, the central banks are saying, inflation is coming and we have got to preempt because otherwise, if it is too high, we have hike even faster and they want to prevent that. if they are wrong and inflation does not rise, then they havfe e hiked interest rates notactors that have materialized. francine: peter schaffrik from rbc. up next, upheaval at anbang. the insurance company, the founder accused of fraud. this is bloomberg. ♪ francine: this is bloomberg surveillance, economics, finance and politics. i am francine lacqua in london. here is nejra cehic. of fundhe royal bank has swung to the first full-year profit in a decade, but a probe is casting a shadow on any celebration. the london-based lender, which is still majority-owned by the u.k. taxpayer, reporte

currency would you have a higher amount in big coin. for know years short term if i'm an investor and i have fifty thousand u.s. dollars and i want to put it into digital currencies where would you say i should put it what how do you break that down fifty thousand fifty fifty thousand u.s. dollars. invested in digital currencies kryptos how do i split it up first of all i would invest much more. i would still put significant amount into big corps and maybe. twenty percent into bitcoin rate because again this is a prized correction rate it's down to ten sellers and so obviously i think bitcoin has a potential to go two hundred thousand was in one or two years it can go back again two to five thousand trade but the potential is there right and there are as interest in applications. like cripple you know for payment political for payment right. syria may still believes they have a very good opportunity to scale and to develop new applications on say their network but there are also like more technical protocols like rate. very exciting that will enable machine to machine payment for example rate so i would say you

u.s. senate the move is said to be in response to the growing size of the digital currency capitalization which some say could have an impact an adverse impact on the u.s. economy a senate banking committee member republican senator mike rounds said quote there's no question about the fact that there is a need for a regulatory framework crypto currencies are currently regulated by the u.s. securities exchange commission before the commodity futures trading commission my old agency the department of treasury and the u.s. federal reserve and individual states. japan's seal industry said on monday that the a proposal by the u.s. department of commerce to president donald trump would impose curbs on steel imports and that it violates the principles of free trade for more we're joined by r.t. correspondent dan cowen dan thanks for being here so what's the latest on on these on these still import potential quotas good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel an

u.s. dollar is the foremost world reserve currency. most are held outside the united states. 10 countries use the u.s. dollar as their official currency. this creates substantial cyber security risks. the industry estimates hundreds of billions of dollars of attentional losses from cyber activity. let's think about criminal threats as a risk to financial and payment systems. financial systems are common target for both domestic and transnational terminals. trimble's use a number of different organizations to attack systems. some may have a core group in the city. some might have a globally dispersed network that has never met in person but are able -- a globally dispersed network where they may be able to connect online virtually. core members are usually located in a country where there is a high degree of corruption. the most significant threat to our nation's payment system is transnational cybercrime networks that emerged in the former soviet union space in eastern europe. this is where i see a large amount of our activity coming ou

u.s. based crypto currency ripple which was designed especially for banks as a global money transfer programthis will allow banks in south them it -- saudi arabia to send payments in and out of the country. it is their first cooperation with a central bank. another bank including ubs and others are operating with the silicon valley startup. ♪ sarah: day two of dw's coverage of the berlin international film festival, and our reporter is ready for us. tell us, what is happening there tonight? we have a close up of you. you are on full focus. give us the latest. reporter: a little too close for comfort, sorry about that. our viewers do not want to do that much of my pores or my hair. we saw a great red carpet premiere. robert pattinson is here with his new film damsel, and this is a sort of western satire/comedy. we see robert pattinson in a comedic role of the first time as far as i'm concerned, and the fans went absolutely crazy for him. he has been to four berlin film festivals and still has a lot of diehard fans from his twilight years. who can forget the iconic vampire series? so as he tal

week as well has been that this exchange in japan was hacked of some crypto currencies four hundred over four hundred million u.s. dollars worth of currency and then these three young guys these three young japanese guys came out and had the press conference and announce that they would give cash on hand back to these people four hundred million dollars or it was is a huge surprise because i hadn't even heard of the exchange we've been around in cryptocurrency sector for a long time and yet they made enough money to four hundred million dollars on hand to reimburse people who had crypto currency stolen or i want the other markets capita loans worth five to six hundred billion and that just happened the last few years and the.

week as well has been that this exchange in japan was hacked of some crypto currencies four hundred over four hundred million u.s. dollars worth of currency and then these three young guys these three young japanese guys came out and had the press conference and announce that they would give cash on hand back to these people four hundred million dollars or it was is a huge surprise because i hadn't even heard of the exchange we've been around in cryptocurrency sector for a long time and yet they made enough money to four hundred million dollars on hand to reimburse people who had cryptocurrency stolen or i want the other markets capital loans worth five to six hundred billion and that just happened the last few years and they bother a v.c. funded entities that are on the periphery are worth another half a billion to a trillion so there's a lot of cash out there there's a lot of cash out there and then i want to turn to this headline about those same sort of millennial is now pouring in to the stock market it's a tweet amazing retail trading activity is going parabolic explains a lot this is a chart showing tradi

week as well has been that this exchange in japan was hacked of some crypto currencies four hundred over four hundred million u.s. dollars worth of currency and then these three young guys these three young japanese guys came out and had the press conference and announce that they would give cash on hand back to these people four hundred million dollars or it was is a huge surprise because i hadn't even heard of the exchange we've been around and cryptocurrency sector for a long time and yet they made enough money to four hundred million dollars on hand to reimburse people who had. cryptocurrency all right well you know the markets kept a lot of us who are five to six hundred billion and that just happened the last few years and they other v.c. funded entities that are on the periphery are worth another half a billion to a trillion so there's a lot of cash out there there's a lot of cash out there and then i want to turn to this headline about those same sort of millennial is now pouring in to the stock market it's a tweet amazing retail trading activity is going parabolic explains a lot this is a chart showing

u.s. currency. the yen surges.he highest level since 2014. is 3% a negative catalyst for stock? south african stocks pop, but for how long? david: welcome to "bloomberg daybreak: europe go -- welcome to bloomberg daybreak. up yesterday, look what happened. we see those higher bond yields. 2.5 hours to the cash open in the u.s.. future looking to a positive open by about 13 points. weaker dollar, weaker dollar. 1.24 heading up to some kind of resistance. the selloff in the bond market continues.

then there is this issue, the relationship between commodities in general and the currency u.s. dollar and also crude. you see this inverse relationship the presumption is we've reached about the limit, right, so that this is here this is here and then i want to play for some sort of convergence. okay so crude and the dollar. here's the dollar long term going back to -- we've sold off quite a bit. i think we bounce here for the following reason here's the line. well defined tops at a common level. and the presumption is we bounce here my bet is dollar hire, which would then if the relationship works out, this converges, here's our uso, put in new lines this way sell off to the pivot point. put in the lines this way. sell off to the wedge. anyway you get it, i want to be short crude. >> how are you trading crude, mike >> i think very quickly -- i haven't been bullish on crude despite this rally one of the reasons, of course, i haven't been seeing u.s. production ramp. the other thing that would potentially support it as the u.s. becomes the biggest producer of crude oil in the wo

week as well has been that this exchange in japan was hacked of some crypto currencies four hundred over four hundred million u.s. dollars worth of currency and then these three young guys these three young japanese guys came out and had the press conference and announce that they would give cash on hand back to these people four hundred million dollars or it was is a huge surprise because i hadn't even heard of the exchange we've been around and cryptocurrency sector for a long time and yet they made enough money to four hundred million dollars on hand to reimburse people who had cryptocurrency stolen or i want the other markets capital owners who are five to six hundred billion and that just happened the last few years and they bother a v.c. funded entities that are on the periphery are worth another half a billion to a trillion so there's a lot of cash out there. there's a lot of cash out there and then i want to turn to this headline about those same sort of millennial is now pouring in to the stock market it's a tweet amazing retail trading activity is going parabolic explains a lot this is a chart showing

week as well has been that this exchange in japan was hacked of some crypto currencies four hundred over four hundred. a million u.s. dollars worth of currency and then these three young guys these three young japanese guys came out and had the press conference and announce that they would give cash on hand back to these people four hundred million dollars or it was is a huge surprise because i hadn't even heard of the exchange we've been around in cryptocurrency sector for a long time and yet they made enough money to four hundred million dollars on hand to reimburse people who had crypto currency stolen or i want the other markets capital loans worth five to six hundred billion and that just happened the last few years and they other v.c. funded entities that are on the periphery are worth another half a billion to a trillion so there's a lot of cash out there there's a lot of cash out there and then i want to turn to this headline about those same sort of millennial is now pouring in to the stock market it's a tweet amazing retail trading activity is going parabolic explains a lot this is a chart showing trading

u.s. nuclear strategy has outlined china russia and north korea as complex threats we'll tell you all about that after this short break. the world is getting away from us dollar as wall reserve currency the one row one bell policy linking up russia and china is out of the dollar every last trade oil away from the dollar and countries are desperate to get out of the u.s. dollar so the dollar is going to lose value no matter what anybody says here's the treasury secretary merely trying to make it look like. a lower dollar what he says is dollars going lower as we've been saying for a number of years because the u.s. dollar is a currency that other countries recognize as funding the war and the weapons and the poverty that they're trying to escape. the program israel has been called the beacon of light so i'm hoping the middle east by the u.k. is defense secretary john williamson also stressed that israel has a friend for life in britain. has been asking london as if they agree with the sentiment if you were the u.k.'s defense secretary which country would you call a beacon of light hope in the middle east jordan do you fly them to hope. definitely don't they us. put it this way i suppo

u.s. dollar is a currency that other countries recognize as funding the war and the weapons and the poverty that they're trying to escape. from. this little bundle of joy he would have no chose of surviving in the woods mother this can only win one come at a time but usually give birth to two. every year china puts a lot of effort into making up for this cruel mistake of nature. is just. china's premier breeding has become something of a production line. it's almost as though they've been copied three d. printed and put on show for the public. several cups of bone here each year. but only less would buy dedicated scientists will be for nothing if panda love can't be encouraged in captivity it's not as though they don't practice a tool but in the same lazy way they do everything else this proud mama gave birth to twins and has no idea that a special love potion was formulated just for the. the protest held against the owner a convention took place ten days after columbine. what happened at columbine on april twentieth one thousand nine hundred ninety nine was that to two young men who were i