There is no need for a rate move next year either. There are still risks, but they have lessened. The worlds biggest ipo opens with a bang. Is or isnt saudi around court worth they need to cut costs. The eu unveils a plan to go green that has some businesses seeing red. You can see already there is pushback for a number of industries. It is all straight ahead on bloombergs best. Hello and welcome. I am Rosalind Chin and this is bloombergs best. The most important Business News and analysis from Bloomberg Television around the world. It starts with a day by day look at the top headlines. Another week began without a trade deal between the u. S. And china. Fresh data released show the trade balance shifting between the two superpowers. Chinas exports fell last month as Global Demand continues remainsand a trade deal tantalizingly out of reach. What are the Key Takeaways from what has happened with the trade data when it comes to the trade deal . It is a reminder of how punishing these tariffs have been on chinas manufacturing sector. We have had that highlighted again with the data. Exports overall from china, falling 1. 1 percent. To the u. S. , experts were down 23 . That was the 12th straight monthly decline. The expectation has been that retailers and companies would be loading up on goods from china ahead of the shopping season. That does not seem to have played out. Rosalind bloomberg reporting effects. Tariffs taking sunday will be delayed according to chinese officials. Meantime, House Democrats said they will back the usmca trade deal and are planning a vote next week. Dr. There is no question that if this trade agreement is much better than nafta. Day and a remarkable what is a heart a highly partisan washington when we see a bipartisan agreement on a trade deal. Trade politics are tough, the democrats today backing donald trump although insisting that they really fixed the trade agreement that they called fundamentally flawed. The second piece is the more market moving news we have seen, which is the chinese tariffs. We know that the president we are told has not made a decision on this. He, for a long time has been looking for a way out of these tariffs. He has advisors around him and a lot of people in the Business Community warning that these could be a huge disruption for the economy going into an election year. Rosalind House Democrats revealing two articles of impeachment against President Trump. Walk us through what happens and how quickly this could unfold. The very next step could be what is called a markup. Or thursday,ow judiciary members would actually write up the forms of these articles that will go to the house floor for a vote. That goes to the floor next week, perhaps as early as tuesday for a historic vote. 10 in its jumped debut in india. Givingadvanced to 35. 2, company a market value of 1. 8 trillion. What were the highlight what were the highlights of the debut today . 1. 8 trillion dollars from a base supply evaluation of 1. 7 trillion. That is a big jump. It gets us closer to one of the most controversial topics of the last year. Irancorpst saudi worth trillions of dollars . Part of that includes offering as many shares as originally thought. Company is being operative. There is there is plenty on the upside. For 450e an option million shares that they can exercise in the next 30 days. That is going to be critical. Awaitingiting the final decision of 2019 is the central bank fomc is expected to keep the Interest Rate unchanged after three cuts this year. No change in rates today. The dot plot shows the consensus is no need for a rate cut next year either as they stay on hold for the 2020 election. Nobody is calling for a rate cut next year. Only four of 17 see the need of any rate increase. If developments emerge that require a material assessment, we will respond accordingly. Policy is not on a preset course. This is increasingly confident that three cuts was the magic number. They are going to sit back. The hurdles are high for additional action even though the dot plot shows the next move will be a rate hike. At the current time, the hurdle for a hike is higher than additional easing. What the fed told us today, we will see you on inauguration day. The ecb rates and policy Christine Lagarde plus first meeting at the central bank. About the message economic slowdown. She says there are risks to downside but they have lessened. The uncertainty has loosens. Lucinda. She seems to be more about she should she seems to be more optimistic about rate inflations as well. She talked about the review they are going to do. The strategic review. She said it is about time. They have had 16 years since the last one. They know that she knows they were vague that she knows they were very busy but it is about time to do it. She wants to be done by the end of 20. The president treating earlier on the following . Indicating that we have a very big deal on the way. Getting very close to a big deal with china. And so do we. It is that last bit that is important. Stocks moving on the back of that, it sounds like we have a deal. The markets have been positioned for a delay in tariffs that are due to take effect sunday. We know trump used the word deal today, that sent a signal that the most bullish scenario for investors might play out. By the looks of things, any escalation in the trade war will be put on hold, and a deal will be announced. We have markets closing. The s p and nasdaq closing at new alltime highs on the hope that there will be a resolution to a trade deal. Negotiators have reached terms of a phase one trade deal with china. That agreement, now awaiting approval from President Trump. We know President Trump signed off on the deal. We know they have an agreement in terms of the outline for this deal, but we are waiting for it to be codified into a legal text. We are waiting for the details, but usually significant that trump has signed off on it. Havee december 15 tariffs been held back for now. Of the official conservative party has secured a majority. Bojos victory will allow him to carry out his main promise to get brexit done. Bojo it is at its highest since may 2018 against the dollar. With this made it in this majority, we will at last be able to do what . [indiscernible] offended inolitics this election. We have a conservative majority of the likes of which we have not seen since the heyday of margaret thatcher. A disastrous night for Jeremy Corbyns labour party. He announced he will be stepping down. Mr. Johnson now the most powerfulpolitician, conservative leader for a generation. We will get his brexit deal through parliament quickly. He needs to get it done by the end of january. He has 11 months to negotiate a trade deal. The arrangement, for practicality of being outside the eu. If we get through the end of the year without it, he is either going to crash out and we are back to no deal brexit, or he has to negotiate a deal that is accessed able acceptable to brussels. How will his new government be greeted by brussels in the coming weeks . . The sense here is relief. He finally has the majority. He promised he was going to deliver, and europeans are expecting to does deliver. This is not really about Boris Johnson, this is not about the european now magically liking Boris Johnson thinking he is a great Prime Minister. This is pragmatic. They feel that with them they are going to get theyre going to avoid chaos. The europeans do not want to be undercut by a u. K. That does not play by brussels rules. Chinese officials saying we have reached an agreement with the united states. They decided to complete the last phases of the phase i deal as soon as possible. They say the u. S. Will remove some tariffs on chinese goods in phases. This is the first time we have seen President Trump, who has called himself tariff man, rollback tariffs. That is a pretty big confidence building measure. The big problem with this agreement, and we are already seeing folks point to it alluding chuck schumer, that is this does not address some of the big longstanding american complaints about the chinese economy. That is things like industrial subsidies. President trump says the tariffs that are in place will give him the leverage for a phase two of the negotiations, but we do not know when that phase two is going to start, and we have folks telling us they do not expect phase two to include conclude anytime before the 2020 election. Rosalind as we review the week, Deutsche Bank ceo says his firm has had to deal with Interest Rates. Mitigating measures shows us there is potential to offset. We work plus, the cleanup continues. Goldman sachs is involved. Mayhem in the repo market. The findings are alarming and so is the timing. This is going to make people more nervous. Rosalind this is bloomberg best. Lets continue our global tour businessis top headlines. The European Commission rolled out a Business Plan to combat the climate crisis. Will present her green deal in brussels today, aiming to turn the eu into a climate neutral block within the next 30 years. Her pitch will include a timeline for various laws to be put forward between now and the end of her term. What do you expect . This could be huge. We are talking about a green deal that could change the way Many Industries operate. We know she has said she wants to make europe climate neutral by 2050. That goal is ambitious. The deadline is also very tight. We also know this could change many aspects of the european economy. The way that carbon is priced, the way that taxation is being implemented. She has also promised one trillion euros to pay for this. Is going to need European Companies to play along. That is the question mark at this period. It is not going to affect everyone the same way. The European Commission saying this is something we strongly believe in. In hong kong, we have protesters calling for a general strike. That happens as during the biggest protest march sunday. People is what organizers are saying. This went all the way here to the central district. It was very much a deja vu where families showed up as well. Perhaps they were prompted to come out after police, for the first time, approved this rally. There were some nerves heading into this event. Overall, pretty calm. Chinas consumer inflation accelerated to a sevenyear high, fueled by a 110 year on year search import prices. Corn inflation, which excludes food and energy came in at 1. 4 . Factory prices extended their run of declines, complicating efforts to support the economy. Walk us through the divergence we continue to see, manufacturing deflation versus food price inflation. Food prices coming in at 4. 5 , well above forecast. Sunday is the highest number since 2012. The flipside, the reduced prices. They dropped 1. 4 for 1. 4 for the fifth straight month. The question is, does the central bank look through this inflation, which as you said remains relatively stable, or does this now by combined their hands to make it difficult to rural quest a stimulus should they economy continue to slow . Saudi arabia released its latest budget. What we have learned about spending and revenue increases. The think the kingdom is embarking on three years worth of spending cuts which is a uturn. They are confident they can start relying on the private sector to pick up the slack. The float the folks at Bloomberg Intelligence have crunched the numbers, he says that this budget is a little more realistic. Down from 85 a barrel from the budget basis assumption to about 61 a barrel. As we go to 2020 for median forecasts. Banker International Settlements says septembers mayhem in that repo market was not a temporary hiccup. Of anknow repo is more issue when there is this windowdressing around balance sheets, and therefore more demand for cash balances. At this time of year, people are sensitive about what might be thus squeeze. Suddenly, we get this report that says there is a structural problem and may be that temporary hiccup will not be fully resolved with the feds recent operations in the market. One of the conclusions were that people are less familiar with managing these type of data transactions. There have also been views from the banks themselves. Saysrgan ceo jamie dimons it is regulations that has prevented his bank moving in to provide more liquidity when we did have that below in september. There are a lot of issues. This report is coming out, even though it could have come out at any time of year, it was not time sensitive. The fact that the starts and december is going to make people more nervous. In turkey, a surprise from the central bank. It cuts Interest Rates from 14 to 12 . Policymakers were emboldened by the stability of the lira. They were urged by president erdogan who calls for more aggressive easing. They have had to endure a lot in six months. Erdogan his governor. The new one has seen a whopping 1200 basis points over rate cuts. The central bank did suggested foods slow down the pace. The real base rate commit taking , taking into account inflation is down to 1. 4 . It does notat that, seem as if the central bank has more room to cut rates. Unless it can pull down inflation. Bank chiefr central has launched a staunch defense of Interest Rates. The president of the Swiss National bank insisted the policy is the only way to keep the frank in check. The current policy is we have no reason to change policy. Isyou look at inflation, it very low. Almost at 04 1. 5 years. The growth rate at roughly 1 , maybe 1. 5 . Region we have no reason to change to a smaller trade policy. Israel heading to its third election in less than a year, that is after Benjamin Netanyahu failed to form a majority. The problem is, another election might also might not also resolve the political crisis. What is at heart of this impact. The heart is the Prime Minister himself and the indictment he is under. The Opposition Party saying they would like to go into coalition with the ruling party, the ruling party saying we want to do this coalition, but the issue is the Opposition Leader saying not as long as netanyahu is under indictment, they dont want to do the deal then. Time, the party is saying basically sticking to netanyahu as their leader. Rosalind youre watching bloomberg best. Said this week that their latest Restructuring Plan is on track. Since income trading is up this quarter from last year, it also announced the ecb has reduced its capital burden for next year. Ceo kristin serving told going to the bank is reduce the impact of negative Interest Rates. In termsk swift action of passing on negative rates to our clients come up particularly in the corporate side, but also in the worlds management. We have initiated other mitigating action. The first fiveom months, how much potential is there on the revenue side, but also on the cost side. All in all, looking down the road the next three years, that gives us hitting all the goals of the last five months, the comfort that we can achieve despite these challenges, our 8 return equity in 2022. Therefore, we are confident we can achieve that, recognizing clearly the challenges, but with the track record we have we have seen no reason to adjust. You talk about passing on the are takingsay you substantial measures to offset negative rates, can you elaborate . It is a flower of measures. On the one hand, it three or four weeks ago we started to pass on negative Interest Rates to certain client segments on the corporate side however, we focused far more on an optimize advisory to change deposits into other investment funds. We have been successful. Assett what we have an management, and also the private bank, a lot of work has been done there. Also, to make sure our clients have been benefiting. We do get the benefit from the , we have also in a conservative way started to increase the one or the other segment in order to offset. It is a flower of mitigating measures. It shows us there is potential to offset. Can you imagine Interest Rates staying negative . Are you prepared for Interest Rates to stay negative . Taken ank we have conservative outlook on the Interest Rates. Changed oure also underlying planning. Been lower for longer. That is part of our overall plan. We have prepared for that. We need to adjust in this regard, our business model. We have started to do that in july. Coming up, more news from European Banks. A profit warning from credit suisse. Also, the actions of the new policy plan, and Monetary Policy. Might the ecb take negative rates lower . The efficacy of further negative rates is questionable. [ dramatic music ] this holiday. Ahhhhh ahhhhh a distant friend returns. Elliott. You came back and while lots of things have changed. Wooooah woah its called the internet. Some things havent. Get ready for a reunion 3 million light years in the making. Woohoo yeah rosalind welcome back to bloomberg best. Time now to revisit some of the weeks top interviews. Lets start with a conversation about risk and return. Indictment capitalists putting almost one third of its macro fund into investment profits from socalled black swan events. We spoke exclusively with danny young. He thinks markets are underpricing some significant risks. Easinghe moment, the that china has on the rates front, it has been small. Partially because china wants to maintain a stable for the moment. If all else fails, my view is china needs to cut aggressively this stimulus. Come up with the equivalent of the five arrows in terms of reforms and fiscal policy. Even quantitative easing. I think that would inevitably lead to a weaker inare you already positioned that capacity . The chineseish on economy, to be clear. Does cuthen china rates more aggressively and do more aggressive fiscal stimulus, they will be bullish for chinese equities and fixed income. That will also in time lead to weaker rmb. What percentage of your portfolio is positioned in those huntingk dislocation investments . Moment, about 30 . It varies. There are moments where it could be higher. In the past, you see dislocations maybe twice a year. Now, you may end up being more stretched out where it will be two euros or three years before you see a big move. Years or three years before you see a big move. I believe it will be a lot larger. Less,nces are the are but the magnitude will be more. As big as the last crisis . It depends on what the trigger will be. Yes, i would not rule it out because everyone is long right now. Here the focus of bloombergs exclusive conversation with blackrock vicechairman dennis hildebrandt. We asked if he thinks the European Bank might take negative Interest Rates even lower in 2020. They could. I think there is room left, in derry. I am sure they would prefer not to do that for many reasons. The efficacy of further negative Interest Rates i think is questionable. Certainly, the side effects we know are significant. It will be required, at least in the baseline scenario. I think the preference for these would certainly be too not to have to do that. See what the macro provides. I think the outlook is not terrible. The market is probably too pessimistic, particularly on inflation, including in europe. What do you worry about for 2020 . I know there is concerned about liquidity. Particularly for brokerage companies. What about 20 . I think the biggest risk, what we worry about the most continues to be political surprises. Big one, trade risks manifested themselves in actual risks and began to influence markets in 2019. We can at least move that sideways. If we could stay away from big Political Risk materializing, i think that would be positive. My sense is that the market is probably underestimating right becomet inflation could a story again. Nothing dramatic, but basically we see it in the way the report on friday the wages are coming up, even in europe. Even in europe, inflation is seeing some signs of life. From a banking perspective, that could be a positive. Staying in europe, there was discussion of the greendale. The new program put forward by the European Commission to make that eu Carbon Neutral by 2050. The proposal would have an impact on national governments, investors, and Industries Including airlines, which would face higher taxes to offset its co2 emissions. Michael oleary told us what he thinks. Stagnation does nothing for the environment. We have explained to the commission this morning that the investing 170 billion dollars over the next buying will be fleeting, new aircrafts, in our case the boeing max which will carry more passengers but burn 20 less fuel. We are investing heavily as an industry to deliver growth in a more sustainable way, in a more environmentally sensitive way. The taxation will setback that investment agenda where we are already delivering. That is great, but i imagine the response would be that is not enough. The Airline Industry is threatening to overtake even power and utilities as the biggest emitter. Unfortunately, ry nar is one of the biggest emitters among the airlines themselves. What you think the industry can do in order to absorb higher taxes as well as research . I think that is misinformation. The air industry is not one of the biggest polluters. In fact, we are one of the most efficient. We count globally for less than 2 of emissions. Shipping accounts for 5 , yet no one is saying to tax various. To reduce those emissions by investing in new aircraft and new engine technologies. These technologies are at the formative stage. It is one of the issues we discussed this morning. The commission needs to step up to do more. Million airline pay 630 dollars a year in aviation tax. Beings that tax money spent on . It is being trousers by european governments. We want to bring forward developments on propulsion systems, and supply of Sustainable Aviation fuel into increase or improve the Battery Technology that will help us lower our Carbon Footprint in europe from the already low figure of 2 . Should the Asset Management industry view big oil as a gateway to renewables . Or, avoid them entirely . What is your thinking . If we look at how human activity leads to Greenhouse Gas emissions, oil is one big part of that. Of the Energy System are carbonized than others. We have technologies available that leads to lower carbon power. They are increasingly good and cheap, there could be more focused their even in a world that is heading toward net zero omissions. Which is century what in line with which is in line with what scientists have been telling us. We can still use oil and gas for some sectors. Some sectors are much harder to do carbonized. Things like aviation, it remains complicated. Maybe for petrochemicals and other sectors as well. We can use some oil and gas, but the question is whose oil and gas shares do we want to hold the echo and then you want to look at things like the Operational Efficiency of those companies, and how much they are transitioning toward alternative injury alternative alternative injury we want to be thinking how much they would want to lend their assets with two degrees objective and omissions, or indeed 1. 5. And then take a view at how much oil and gas we really need. Rosalind this is bloombergs best. A roundup of this weeks top news, finance and politics. Some of the worlds biggest banks were in the spotlight, adjusting their targets and reshaping businesses. Hsbc kicked things off with a sweeping overhaul. Is theinterim ceo bank is replacing its investment bankers, its ceo coo and chief risk officer. This is a competent move for a man who is interim ceo. This slightly hints at the idea that he is confident he is going to be able to drop the interim pretty soon. Very impossible for somebody who was brought in as the interim guy. Thise are speculating that shows he is putting his stamp on it. You cant rule out one external candidate that has been mentioned, stephen byrd of citigroup. He has left in their the most in their most recent shakeup of that bank experience. Which, so does know what quinn. He ran the commercial out that she ran the commercial bank out there Morgan Stanley is tightening its belt, eliminating 1500 jobs globally. Is this strategy, or is this about reducing headcount . I think they have to meet efficiency targets they have set. What is interesting is they called out folks in the operations and technology units. We have been seeing banks invest more in automation and other technologies, so we have always knew that meant jobs would disappear. This is the first time we have seen banks say that is what is going away. Focus, n trade tensions and negative Interest Rates grow weigh on the bank after a threeyear restructuring. How much of a surprise . Markets have been hinting at this for a couple of weeks. I still think investors are going to be a little bit surprised, most of all disappointed. Maint has cut back its profit target. On the plus side, a capsule share meaning the buybacks and dividends are safe now. Is going toow what happen in the next couple of years. Deutsche bank is considering deep cuts to bonuses for this year. Bloomberg has learned they could be as much as 20 . As the ceo tries to eliminate billions, and radical restructuring. What happens of the bonds are cut by 20 . Deutsche bank obviously have been turning around this investment banking. It is a really challenge it is a real challenge for them. Stiller, they are considering this plan. They may choose to pay their top performers as much as they can so that they stay on board, so what Deutsche Banks investments look like a year from now will be a different story. Says the make did after a starry sorry previous Financial Crimes Agency alleged it failed to protect against child abuse. The bank is reeling from allegations of money laundering. Wiped 5 billion off the lenders market value. How sorry they are does not alter the fact in many shareholders minds that does happen. These are mainly from small retail shareholders. They are not the kind of people who normally get that chance. One shareholder after another standing up demanding to know what is wrong with the culture of westpac to allow these not to be reported. Was there not enough investment in technology . I think, the bank is making a start by saying sorry, it has got to get more precise to make shareholders happy. Are learning that softbank is tapping Goldman Sachs for new financing to help revive one of its biggest debts, the Wework WeworkOffice Sharing company wework. The key word here is softbank. Loan,effectively a wework but softbank is on the hook. That is interesting about the structure of this loan, it is 1. 5 7 billion dollars in credits. We have learned that goldman has reached out to other banks to see if they are interested in participating. What is making the facility more tenable is that softbank is actually the borrower, and wework is the coborrower. This bit of a hairy name, but softbank is a its u. S. Is selling ice cream business to a vote a joint venture with eai partners. It is valued at 4 billion. The deal aims to create as a stronger challenger to unilever. How does the steelwork . They are selling their u. S. Brand in order to take on unilever . The western european businesses in the joint venture inrs ago sort of formalized 2016. If you looked at the global ice cream market, they were number two and number three. U. S. Business and there will give them a shy to percent over to unilever. It gives them a chance to compete and bring out new products. Compete. Tually shares of boeing lowered following the news that the 737 max will extend into 2020. This is something the company has had to deal with, they have set goal posts and mr. Them. Knowing thought the faa might give it leniency to start delivering the max, even if the airlines could not technically fly them because the faa faa was still working a pilot training. The messaging today leads us to believe that will not be the case. The problem that is problematic is if you are not delivering planes, you are getting paid. Thats you are not getting paid. Days of strikes, administer philippe has laid out his governments new public pension system. The government says the full retirement age will now be increased. Plan willn say their basically not do enough. They are going to keep up the heat. What is going to happen now with the indians . We have 42 different systems for the pension. The first Prime Minister has said i just want one system for everybody. To speech today said actually get the food pension, you will now have to work until 64yearold come over the official age at the moment is 62 years old. Is, whether with the details of the pension reform, this will make the Public Opinion which either side has before the Prime Ministers speech, the Public Opinion in france was almost equally split. The World Antidoping Agency has banned the pressure from the olympics and other International Competitions for four years. In an email, the agency said russia was afforded every opportunity to get its house in order. They chose instead to continue denial. It is clear that pressure as a National Team cannot compete for four years and major events including the summer olympics in tokyo, Winter Olympics in beijing, and the world cup in qatar. Only individuals who can prove they had no association with the doping scandal will compete. Withd under a neutral flag no russian officials permitted to attend at all. Saudi aramco jumping for the second day, pushing the oil giants value beyond the 2 trillion mark. What has been driving the stock, and how lucky is that this is going to continue . A lot of people in the market are expecting to see Government Funds coming into support that. You have got hedge funds as well who will likely come in and bet on the index, which will happen in a weeks time. If we have a few days of this limit up 10 gains, we will see some of the Retail Investors looking to cash out on this stock. I think that could start a downward pressure on the aramco price in the new year. Paul volcker has died. The former Federal Reserve chairman who backed in the 1980s, three decades later led Barack Obamas bid for proprietary risktaking. It was known as the volcker rule. He passed away yesterday in new york at the age of 92. What did he invented terms of Monetary Policy . He change the way the Federal Reserve went out carrying out policy. They targeted the level of money supply which created a whole new class of employees that wall street firms. They had to figure out on a weekly basis as best they could rate wouldds funds be trading just by watching the money supply. That was a different way of doing it, it ended when volker left and they went back to the old system. That was his contribution to the mechanics of Monetary Policy. The 2020 asset survey is over. We are looking to see where you think different Asset Classes around this time next year. Rosalind there are about 30,000 on the blueberry. We always enjoy showing of our favorites. Heres another function, q uic go. That will take you to our quick on timely topics. Heres a quick take from this week. Bang,tty chitty bang blade runner, and harry potter. All feature something people have been dreaming about for decades. Flying cars. Now an Autonomous Vehicle could be tested, it is natural to ask are flying cars next . Family flight is probably decades away, air taxis could be in wide use by 2030. Those would be less like a flying car from the movies, and droneike a hobbyists that has been enlarged to hold have a dozen people. They are designed to be lighter, quieter, environmentally friendly, and less expensive to operate than helicopters. A major difference is that they will wear out they will run on electricity. They will not be used like a typical ondemand taxi, more like a fairy running on a schedule between two points. From the airport to downtown, for example. Andechnology, regulation, popular acceptance advance, air taxis could be operated remotely, and eventually autonomously. There are 70 companies that have projects in developing. Some are working prototypes. So far, the biggest technological hurdle with air taxis is batteries. And do notrge, heavy last long. Is improvingology rapidly, taking us closer and closer to our flying vehicle dreams. Of course, there is a lot of regulatory hurdles. Airspace would quickly get crowded and dangerous if just about anyone could become a pilot. Could take, the faa years to certify a new helicopter. The first air taxis could take even longer. Regulators could be cautious should be cautious about pilotless flights. But test flights could be happening soon. Over elevate hopes to connect major suburbs by 2023. Driverless cars are expected to reduce traffic and take passengers doortodoor, potentially diminishing demand for flying vehicles before they have even taken off. Was just one of the many quick takes you can find on the bloomberg. You can also find them at bloomberg. Com, along with all the latest Business News and analysis 24 hours a day. That is all for bloomberg best, thanks for watching. I am taylor riggs and this is the best of Bloomberg Technology where we bring you all of our top interviews from this week in tech. Coming up, an earful. Silicon valley is listening to your most intimate moments. We will discuss the smart secret craze and how vulnerable users are in their conversations being transcribed. Plus, death and tech, facebook a