In thing applied to get his take on the planet are cut down in a crisis theyre about to watch the best 20 minutes of business show that money can buy lets go. Ali baba has unveiled its 1st chip as china rapidly accelerating developing its own homegrown Semiconductor Industry the 800. 00 chip can cut down computing tasks that would have usually taken an hour down to just 5 minutes and it is currently being used internally within the companys Business Operations specifically in product search personalized recommendations and advertising the company is planning to use the chip in its Cloud Computing products which some want to amazon is the companys Fastest Growing division ali babas move into a i chose follows fall away which last month unveiled its own semi called the ascendant 910. 00. Highlighted some of conductors as a critical growth area and plans to produce 40 percent of the semiconductors it uses by 2020 and 70 percent by 2025 this tremendous progress made by huawei and ali baba recently highlights how serious china is about weaning itself off of the u. S. A supply chain and now theyre pitted directly face to face against us is qualcomm and the video for tech dominance as china moves to strengthen its defenses and focus on domestic growth president is reverting back to his hardline trade policies adding to the pressure after more consolatory tones in recent days chinas foreign minister won the clop back saying that the us reverting to a containment policy on china is a wrong idea which cannot possibly work and that china will remain on its own path the u. S. Should not try to change china and that trying to go she cannot happen under threats of course now with the impeachment proceedings now launched against china will most likely delay its pursuit of any deal hoping that either the president is removed or loses the 2020 alexion as such investors remain doubtful that there will be any Significant Movement in the trade war between the 2 nations ever mindful of market reactions announce that a china deal could happen sooner than you think this morning sending the algos into a frenzy the dollar ticked up the yields perked up and then the dow down. 150. 00 points on trading smart money however it remained on the sidelines as this comment is completely non news. And in happier china related news swedish Home Furnishings chain ikea is making a big investment in the Chinese Market to boost winning sales growth in the middle kingdom the Financial Times reports that ikea will deploy 1. 4 1000000000. 00 in new investment in chinese operations over the next year the resources will go to building new store locations and referred wishing existing outlets like he also will reportedly experiment as they have in india with smaller store sizes and their renewed push into china ikea stores previously have been sited on very large campuses limiting their penetration into some geographic and commercial niches he has considerable resources to devote to the chinese upgrade with their latest report in one state showing global sales rising 5 percent in the 12 months ending on august 2031st of 2019 the Company Reported 36700000000 euros in sales over the past year helped along by 46 percent increase in online sales. And see nicotine delivery device manufacturer jewel labs resigned on wednesday as the baby sector comes under increasing global regulatory scrutiny the outgoing c. E. O. Kevin burns was replaced by an executive from altria college area is the current name of the former Philip Morris 1 Cigarette Company and it holds a 35 percent stake in jewel policy makers in the u. S. Have recently become cognizant of the ramping use of vaporized nicotine delivery devices among teenagers and young adults in the wake of hundreds of cases in the United States of illnesses cited by the centers for Disease Control and some reports have attributed those illnesses to the use of vitamin as an oil invading cartridges containing either nicotine or cannabis although authorities cannot hit on a theory that covers all of the cases from either type of a. P. Material maybe really illnesses in the u. K. Have also been confirmed by a report in the british. Journal jewels popular a lucrative medium of delivering nicotine is an addictive drug nicotine salt is said and by experts to exert on a stronger psychoactive the fact that cigarettes are other babying methods and thereby present a heightened risk of abuse abuse dependence and illnesses among young adults. Time now for a quick break but stay tuned because when we return as the waves of global trade get choppier many investors are betting the cryptocurrency may be the biggest what looks like it could be the early days of a global slowdown. To catch up with no one but only in singapore to get his take on the chances for crypto in a crisis. This is a story about what happens austria stray bullets kills a young girl in the streets. What happens to her family and daughters in florida the mother daughter is buried in this and then terry it really messes with your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to plan this than him and what happens in court. Shocked shocked as far as i feel. We dont know shell just rip off. And do this. We. Know. Thats geysers Financial Life until they see the belin. This is the central plank support diagram is kind of problem right now so i stopped. With the whole make this manufacture consent to stick to the public well. When the ruling classes protect themselves. In the final merry go round. We can all middle of the room signals. The real news is. In 24 to you know bloody revolution to correct the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it still or here i mean you are liz put me in the. Bling needle the former ukrainian president recalls the events of 2014. Those who took. Invested over 5000000000. 00 to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. Welcome back following the complete corporate collapse of British Travel giant thomas cook the companys german brand is eyeing a wife line by seeking new investors the firms subsidiary has fired. And sort of filed for insolvency in order to separate itself from its british Parent Company to avoid what they have called financial intending movements and liabilities while investors are suddenly setting their sights on the newly independent company the German Government has said it is considering a bridge loan to keep the company afloat this claim comes with just one day after the German Government issued a loan of 380000000 euros to Condor Airlines thomas cooks airline in germany which is yet to be approved by the competition commissioner meanwhile across the north sea in the United Kingdom the British Government will be taking the reins with more than 70 flights to return stranded passengers back home the flights will be carrying more than 16000. 00 travelers in what will go down as the largest peacetime repatriation effort in the u. K. s history according to reuters. German authorities have raided deutsche banks h. Q. Searching for information related to dante bank and its involvement in the Money Laundering scandal preliminary findings suggest that the way to handle about 200000000000. 00 of suspicious transactions tied to don scare nancy a bank has been trying to untangle itself from the scandal but was ordered by estonias regulators to pull out of the country earlier this year and is now the target of criminal investigations in a stone and the us preliminary criminal charges have been brought up against several of its former execs dirty money saga has implicated other banks since they came became an ravelled including nordics we bank as investigation digs deeper i bear rahe the former head of dante banks are minestrone and witness to the investigation has been found dead after he went missing on monday while authorities have found no evidence of foul play it is reminiscent of the suspicious deaths of the torch of banks exacts William Burroughs smith and Caro Garo Gandhi no. And while all appears calm on the surface of the equity markets we are now on day 3 of covering the continued liquidity crisis in the repo markets this socalled temporary glitch that they blamed on end of the. Quarter settlement has now been moved further and the fed does not seem to have any way to regain control of the very rate that they are mandated with managing instead they once again tried to placate the market with fed gov run art can claiming that the recent spike was a result of a simple imbalance of supply and demand and not a sign of a deeper distress in the credit market now if that were the case then why did the fed then decide to dramatically increase the scale of its bailout for both overnight and term repose which began yesterday and doubled from 30000000000. 00 to 60000000000. 00 in the overnight group from 75 1000000000. 00 to now 100000000000. 00 this situation is worsening with the dollar demand today being oversubscribed again and now as we approach month and this situation will most likely get worse as banks have since been holding off so with the modern Monetary Policy now crumbling whats left when it fiachra currency that is back slowly by military might fails whats the alternative. Weve caught up with nolan bally director of research i coined us who takes us back to inception where rose from the ashes of the last financial crisis as the embodiment of free money. And become a kind of originator the last time we had the Global Financial crisis so its actually really interesting that now were kind of in this middle ground where we could potentially be on the brink of another recession and now we see the rise of it as a hedge again thats precisely and i think thats an important aspect of this because you can really test i think of your world view by its ability to predict the future right so you have an idea and then if years later that idea is actually manifested in reality you are world view is probably correct so a lot of people have been talking about this exact scenario since 2010201120 extension 12 here we are actually even more interesting because the komodo essentially predicted this outcome he said the those levers of macroeconomic control that Central Banks weakening gone almost i continue to believe that the japanese pseudonym used was to have the kind of authority to say to america and everywhere else that what japan has been living with with the negative yielding Interest Rates and all that stuff in large debts was actually going to be the experience for everyone in the world so the last decade of japan in the ninetys has become the common experience of all these other large trading nations so you mentioned that your previous background before you got into you were actually in the legal space and you were studying the effects of the last financial crisis and. So give us your perspective on that and like where do you see kept a fitting into all of well thats just it i mean when we when we studied that we saw lets say the ability to. Determine the outcome for our a great many people from the top down important policy decisions were made and it really shift us way back to when the Federal Reserve started in 20 in 1012 the context then was is this an appropriate powered. For governments to have anyway because of course before that we were all in private issuance of money so individual states would release their own currencies companies and banks would release their own currencies there were reasons why this was no good there were reasons back then and there was a huge fight about whether the United States creates its own you know sovereign issuance of money so where we are at now is kind of the you know going back to what it was like the monopoly of sovereign issuance of money is clearly over private issuance of money is here again now we are experiencing the troubles of profit if you issuance of money a lot of volatility but thats kind of normal for right now i dont think anyone really dislikes the volatility of bitcoin its quite funny so you know were still not on the main stage of Global Financial discussion but were in the wings were in the way its interesting because history always repeats itself and now we are seeing that money is becoming more privatized again however the problem is that the u. S. Dollar while its not really backed by its backed by military might well youre right so how well private issuance and lets not just military might i mean when they when they took over this sort of global reserve currency aspect they were important considerations you know there was a sort of run on the us gold reserves who were asking for their gold back in the early 1970 s. And so nixon you know flip the switch and we grew into the world were in today of course america its not just the guns in the military i mean they created a network around the world where everyone could trade you know the all trade routes were secure and that came at a great cost right it was really just so that everyone could live well and so this was paid. So you know the u. S. Dollar was able to exist in this because everyone kept their Balance Sheet it was the reference of the entire economy is that appropriate i dont know i dont think so but lets take our time now and you know. I dont imagine us dollars going anywhere it serves a great purpose it is by far the most important currency in the world today but you know there is an aspect of you know you cant just assume that continues forever things could change quite quickly. But right now it remains the best place to do business thats for sure but take a look at china you know there are on the most famous deal on earth right the hong kong deal is the most famous deal on earth and theyre just going to say no are people going to want to deal with that country you know that the origins of new york city for example New Amsterdam in the beginning was really you know if you have money we can deal with you that was unique in the world at the time everyone still had religious prejudices and protestant and catholic and new york was different from the start new york was you want to come into business were great and thats really where the American Business mindset grew from and i think that you know should continue to perpetuate around the world it should continue but as we were just saying previously they were pretty much at the forefront of business and finance and this new way of doing things however now they seem to be almost clamping down a little bit were just saying how stupid the bit license was in new york and what do you have idea it is correct so it looks like theyre actually taking a step back yeah i dont know what step back i think they havent learned a little bit like when you when you have the sort of top down approach that i was mentioning one when the bailout happened they were making decisions for all kinds of people right they were they were they were determining basically real estate prices 10 years out right you know the the cantillon effect its called right for the continue effect so were definitely living the cantillon effect because of the compelling effect basically being if you issue all this cheap money a large portion the population the burra we just assume that consumption because everyones you know building houses all the construction workers are now more money to consume but now were in the sort of 2nd stage of that where you feel the pain of the and everything has been artificially low everything in our house everybody. The continuous stimulus to continue to increase consumption and we love that given this backdrop in the us as well as the continuous regulations that dont seem to make much sense do you see the u. S. Continuing its dominance in terms of the world i dont know if it ever is a National Consideration i dont believe National Considerations are an important aspect of the development of crypto currencies i think American People will continue to be heavily involved in it but certainly new york is missing an opportunity all that said i do live in new york and a lot of the greatest talent in the industry is there i know several of my american colleagues do believe new york is a backwater for crypto i disagree on that i do wish we had a much more welcoming environment and maybe theyll learn a hard lesson there but for now new york does remain intellectually and Human Capital wise an important place no one is a pleasure to hear because i have to especially given the global macro backdrop here pleasure thank you for me. How can the arctic region be protected from impact of human activities such as oil and Gas Production mining and shipping the contamination of arctic waters with hydro Carbon Pollution would be nearly impossible to clean up even by mechanical means but now western biologist believe they can use new and more natural methods for the cleaning process archies you has a story. Inside these flasks invisible life boils apart from water and oil they contain bacteria supposed to eat the oil and leave the water Crystal Clear and free from Oil Pollution in the laboratory of Moscow State University biologists are working on creating a microbial agent to help degrade began small manmade or oil spills in the northern seas of the arctic the project was initiated by russias oil giant ross net and the nongovernmental in a Practical Institute they prepared and send the biologists of m. S. C. To the arctic to take numerous samples of microbes in the ice cold waters to single out and then cultivate the oil eating because here again generally the use of Oil Pollution techniques using microorganisms have been around for a long time its already possible to target Oil Pollution in moderate temperatures but at the moment theres no means to clean up oil spills at negative temperatures in icy conditions and that we found such a microbe that lives multiplies and eats hydrocarbons at minus 4 degrees celsius it can do all that in the ice this method is particularly relevant for the arctic it makes it possible to restore the properties of the ecosystem that existed before the impact introduced by people it is used in conjunction with traditional methods for the elimination of Oil Pollution. The oil eating bacteria naturally occur throughout the worlds oceans and can be found in high amounts wherever their oil leaks hydrocarbon organisms have successfully been used to help clean up Major Oil Spills including the b. P. Spill in the gulf of mexico in 2010 recently scientists from the United Kingdom russia and china found all eating bacteria even in the oceans deepest Mariana Trench the books he read the russian biologists found love the cold they live in the arctic and temperatures of plus 25. 00 degree celsius illegal for them. Our method with the use of the oil eating microorganisms is no different from what naturally takes place in the wild except for the fact that with the use of a substance the process of cleaning up will run dozens or even hundreds of times faster so were simply accelerating the natural process is our product will be applied in a dry form it is a dry powder and the microorganisms are in a dormant state ever us it was important to select such microorganisms that could survive the process of drying. Scientists say the absolute majority of hydrocarbon loss does not occur as a result of major accidents but as a result of chronic spills for example during refueling of boats and Fishing Vessels or when a tonka laden with tons of huell leaks part of its cargo in many poor cities in the arctic there are often small quantities of oil that can be removed with mechanical methods so remaining clean or oil film is supposed to get eaten by microscopic bugs. And sure the substance that we develop will be on every ship and every port city in the arctic and not only that so that the slices appearance of pollution we can immediately use the nature like technologies use microorganisms to dispose of any Oil Contamination after consuming the oil the microorganisms leave nothing behind by c o 2 also and microbial biomass and base by a mass is then eaten by some other life forms like plankton fish in the plankton thereby maintaining the food chain in the ocean the Scientists Say they are in the final industrial stage of this work as their expeditionary and laboratory stages have already been passed when will we see a clean oxic and everyone will bow down and say thank you. I think that in 2 years we will have all the necessary documents and regular asians so that such a substance can be industrially manufactured next that scientists are ready to go on and develop new nature like technologies for warm seas fresh water areas as well as for breaking down oil in the soil all these measures are part of russias federal program as the country develops the northern sea route discovers new large oil and gas fields in the region and deals with old soviet military bases around the Arctic Circle at the latest arctic forward april it was highlighted the country had taken responsibility when it comes to preserving the unique nature and fragile ecosystem of the arctic as well as protecting flora and fauna from human exit. And finally the sound of a kit kat candy bar is familiar quenches familiar to many people around the globe but now the world famous nestle product is swapping its red wrappers for the red carpet u. K. Consumers will soon have the opportunity to unwrap like royalty with the addition of luxury kit kat bars that the Company Plans to unveil in shops across britain before being available on its website globally before 2020 the bars will be available in about 1500. 00 flavor combinations including earl grey and eton mess but with the luxury look comes a luxury price tag as just 1. 00 kid cant borrow will carry a cost of 14. 00 pounds or 17 u. S. Dollars the bars will be sold to john lewis shops across the British Isles from thursday this week until Christmas Eve according to nestle. 1500 flavor as i mean how do you even come up with these players in the 1st place yeah i guess thats a u. K. Think i dont even know what that would taste like you know thats more flavors and jelly beans. And i also heard of other flavors green tea you mentioned the other day the one other thing i know about kit kat theyre popular in japan as a reward after taking tests exactly but i think like in marketing this as like a luxury pick out i think its a little bit of a stretch to 17. 00 thats currently like a diverse price that already yeah i dont think of kit kat as a luxury item but well see those are some very boozy students there that by this time you can catch a boom bust on directv 10 on 321 dish network 2802471 the t. V. Ads 9079 or you can always catch is that youtube dot com boom bust our. But if she warned you and i do the dishes at the bottom or those g. s nudist beach and you see me you. Know when you. Can use i mean that is without infringing balls. A lot of. Fuzzy farts about to cut out the both sides. Of. The. Cabinet 5 days doing so. Maybe a 1000 people who simply knew. They are 2019 with negative Interest Rates and multi 100000000000. 00 trillion dollar Venture Capital unicorns are all going processed and the colossal failure is being felt in every corner of the Global Economy and thats why countries are buying gold. And the big pain years since crosstalk started 10 years i think its time to shake things up maybe change the branding maybe the format here is what ive been thinking about next season related episodes filmed on an island 10 experts fight it out for a trophy what do you think ok a more affordable option 25. 00 text birds. And one red rose another suggestion. Jeopardy parity no political cookout where we will literally. Be elites. Late night show its a rare format these days and its cheap all you need is an old microphone in a printed banner. To leave me with i guess i can do this and laughter politics gone wild like music. Ok crosstalk is not about hype its about meaning 10 years of talk and still going strong. Peter if you want to change something why dont we get rid of the bow tie you know that is too much. Boltons appointment sent tremors around washington to at least among those who are out of government and many of those in government because it is a long track record of being a very strong polemical bursary a man who understands how to make the government were very much polarization. Various times arguing for invading iran for invading north korea etc and this was very much not working for the president wanted to go so why he pointed in theres a bit of. An embattled President Trump meets with his ukrainian counterpart in new york as the fallout from a phone call they had back in july gross a summary of that conversation has now been released it shows trump it did urge his ukrainian counterpart to investigate the business dealings of rival president ial candidate joe biden and his son u. S. President is now on the defensive. Now thats what theyre choosing me to but i didnt do it i didnt threaten anybody. And the british Prime Minister tells them peas are taking their kids out of his government or let him get on with lawmakers are back in the commons after the supreme court