U. S. As longstanding free market orthodoxy the us has long advocated for opening Financial Markets around the world to capital the fact that this discussion is even taking place is shocking to the whole International Finance community. And now with more on the field of battle for this Global Capital war we bring that tug of war with the chief strategist of the trading welcome back no charge repercussions says now that there are currently no plans to block Chinese Companies from being one listed on u. S. Stock exchanges but they also say there is no timeframe for implementation further fueling the uncertainty so is in your view is this a real thrill or is this more of a bluff or is the uncertainty that the can create the missed prison term can create from the suggestion is that the move itself just to create more uncertainty. Partner from you know art of the deal was. You know its never thats in my opinion thats never going to happen there are never the less these companies because it just doesnt make sense it takes away money out of the flow of our market so theyre not going to do that and of course the chinese stocks did recover a little bit today based on that information you know who could happen i dont think so i think that this is more of a play and good president trying to slow it down sure theres a lot of things you can do but i dont think that he would do this is this would be this would be a very bad idea and i dont i dont think he had done and they can get past and i think theres too many things going on here that would create this from ever happening so while the market doesnt think that they would actually delist there is pricing the fact that the u. S. Can place potential capital restrictions on Chinese Companies and if they did sell wouldnt be its Chinese Companies that instead i feel in america when they just walk over and list all right hong kong. I mean they will listen over to hong kong i mean baba want to do all this there anyways i think what youre doing is yours you know in china for years they have these live cattle restrictions on what can go out so theyve finally opened up the markets to their people so you can see anything happening but again i dont see any real restriction i think this is more of a waiter pressure of the chinese to say hey lets get this deal done lets get the free trade going lets get all these tariff wars over and thats play ball and i think this is whats going to happen and i think youll see you see the reaction in the china markets which has been pretty much disasters and but then what and this actually does end up hurting the u. S. Rather than china. A lot i dont listen i at the end of the day if they did the less they would do i think we would survive and we were provided still flourish but i dont think that again i dont believe that were going to go back into just the American United states of america only without having International Trade International Things going on so i dont believe that will happen i dont think it is i dont really think its an issue to be honest with you. And meanwhile bubble of the u. S. Dollar. There is a high for the past 2 years against both against both the euro and the dollar index basket the ice dollar and ask it sounds good but of course in International Trade a higher value currency hurts your exports is this trend in the dollar trending higher going to start affecting corporate earnings and will we start seeing that negative effect in the earnings reports coming up for this next quarter. Why are those i think the dollars going significantly higher amount im looking for at least par when it goes up there i mean weve been looking forwards and that was in the eightys but i think it shouldnt hurt profits but of course these are built in excuse is that the current corporate corporations will have when it comes to earnings because certainly they know enough to be able to hedge the dollar if you want to protect against dollar exposure you can certainly hedge it in the open free markets so i think this is more america skews when they do start using it its the same as you know whether because it certainly could be had relatively easily i mean we try to globally and were able to hedge dollars overnight so its certainly something that could be done and should be done but they rather would use it as an excuse for not making their numbers the kind old back as far as the export and look this is what the currency wars created this is what the currency system has done through the Federal Reserve is allowed Central Banks to manipulate dollars and the United States dollar is a fair asset so there is money flowing here because of someone certainly around the globe saw on the back of a strong dollar 7 the u. S. Right now isnt it needs to borrow money lots of money and china is 1. 00 of the main main buyers of u. S. Treasuries so given the strong dollars and this very bad economic front here china can actually refuse to buy for the u. S. Treasuries whereas the u. S. Going to buy money from. Again though you can always get to a rate where someone is going to loan you money now i would find it very hard to believe that china would actually stop borrowing money and buy u. S. Treasuries because theyve got too much invested you know. Oh banks 5000 they own you have your own 5000000 you own them and i think right now based on the amount of money an amount of treasuries that china is holding theyve got no choice than to keep supporting this or they may not get paid back so i get these go into a lot more complex things then theyre going to theyre not going to buy them or are going to try to sell or trade as they sell them you could simply just manipulate everything down so its not that simple and it will never happen. And todd this upcoming earnings week may be very revealing in terms of gauging the health of Corporate America weve been touching in on these i. P. O. Is the sort of troubled i. P. O. Market recently seems to be crumbling in fact the median i. P. O. In 2900 is drastically underperforming the russell 3000 is the worst on record right now surpassing the negative returns at the peak of the financial crisis from 2009 so my question is did we just weve just gone through witnessing an i. P. O. Bubble bursting now that we work i. P. O. Has been postponed and postponed crashed in trading. Well youre going to get a couple of ways you can say investors are friendly getting smarter and theyre not chasing these i. P. O. s up but it certainly indicates there are some problems and of course you know weve been talking about this for about 6 or 7 weeks that i believe that were already in the early stages of a recession to begin with you know recessions like markets dont announce themselves and say hey were going to recession there already i think its already started and you can see that showing up in some of the earnings that are going to be out this week i believe and the new i. P. O. s that people are not going to chase into them the only thats really confident right now is the consumer because they can afford to pay for it by the month and theyve got jobs but if you look at underneath the surface Corporate Executives are selling their stocks are already you know ahead of time because they understand that there are some issues and theyre seeing about their own companies so i think were in for a somewhat bumpy road when that starts i cant answer that question but i its you know again the markets going to continue to drift higher but eventually theyre going to have theyre going to have to come to a meeting because we are certainly starting the very early stages of recession not so lets go back to the i. P. O. Market right here we work was essentially a Real Estate Company and peloton for lack of a better word is just stuff overpriced stationary bike with an i pad super glued onto it and the real innovation right now has actually been coming out of china in 2018 the biggest i. P. O. Is listed where Chinese Companies on the u. S. Market. Which included tents which included net which included ali baba back in the day which generated 300000000. 00 in brokerage fees for the u. S. Trading market so all of this information and all of this money and revenue into the u. S. Market is actually coming from china so again is that does the u. S. Market actually is harmed from the us implementing capital controls on Chinese Companies. Well you know i dont believe theres going to be cabo controls but if we get down that you already saw the very beginning service on friday when the when the tweeter of the in the news item came out of bloomberg so certainly thats going to create a much bigger selloff but again these things will resolve themselves as they always do and theres always a reason why the markets finally get that final selloff after theyve had a really thats going on and on and on and that could be that it might be the black swan that shows up but eventually it will work its way out and it will there will not be restrictions because again we go back to its a simple dollars and cents game and were not going to give up those dollars thats a little bit different than the dollars that were talking about for turf and for true. While america is going to lose out on a lot of innovation if they do try to restrict all this couple and they steal our innovation or what. May be our version of begin with well go back to this tiger woods chief strategist above the trading thanks so much for and say thank you. Chinas central bank in accordance with their promise to further open up their Financial Markets has granted Pay Pal Holdings to buy its 70 percent stake in Chinese Payment Company this makes paypal the 1st foreign player to operate in the nations 24. 00 trillion dollars Payment Service market pay pals acquisition of go Pay International technologies has obtained licenses for on line mobile and cross border r. And b. Payment services this is a huge accomplishment for pay pal who has been trying to secure this for 5 years it will now compete alongside tech giants hourly pay and pay in china however it will focus more on cross border payments being the preferred method of payment for foreign consumers shopping in Chinese Online Stores pay pal owns a space as the most popular cross border Online Shopping destination globally with one 3rd of its 210000000 users having bought products from chinese websites. The biggest player in the african mobile phone market may be adding. Insult to injury for companies with high profile botched delayed or otherwise disappointing initial Public Offerings Chinese Corporation translation makes and sells mobile phones or the techno brand in africa which captures just under the african mobile market according to Market Research firm i. D. C. Transience i. P. O. Suggests investors are confident and transience future prospects its 1st day of trading the price of transience stock increased by head turning 96 percent before moderating to a still very impressive 1st a gain of 64 percent the net result of a valuation calculation at that price would be 6500000000. 00 for the cell phone maker aside from the impressive storage the transceiver i. P. O. Is also noteworthy for taking place on the star market the star market is the Shanghai Stock Exchange is highly touted answer to the tech heavy nasdaq exchange. Time now for a quick break but hang here because on the other side. Even more they are already. On hand. For the long run. And as we go to break. Looked up live on canyoning hooting done the infernal to feed the dog she even done plenty of. That deflect some for the c. E. O. Thing is a deflection what is comforting to say. That is going to be better than i got up for many answers. That he and others are going to going to write about that. He can bank on you probably get nothing like a. Long long while the name you know is along the bottom theres a bonus rachael i dont control can not all. Handle one person and later today 100 gandhi the new normal gandhi run the phrase christ be really big no to you then going to mock you cant even join you. Please. Lists lists lists. Clicked. And a very warm welcome to you watching us in such. You know world big partisan. And conspiracy its time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for washing clothes for watching the hawks. Welcome back saudi arabias crown Prince Mohammed bin saw mon is warning that oil prices could spike if allies do not join saudi arabias push to isolate iran the crown princes suggestion was arguably counterintuitive as most observers have seen aggression against iran as more the more likely cause for a price spike rather than continued restraint from irans adversaries in a newsmaking interview with the us news magazine show 60 minutes the monarch in waiting said quote if the world does not take a strong and firm action to deter iran we will see further escalations that will threaten world interests all supplies will be disrupted and oil prices will jump to a unimaginably high numbers that we havent seen in our lifetimes been some on again claim without offering additional evidence that iran was culpable in a recent attack on a saudi the saudi Oil Processing plant and for more on the news on the much anticipated i. P. O. Of saudi aramco were now joined by r t correspondent alex mahela bitch. Saudi crown Prince Mohammed bin is asking for action against iran but in his words a political and peaceful solution is much better than a military one so why the restraint all of a sudden. Look iran denies this and has from the very beginning any of involvement in this airstrike which of the drones as well as missiles supposedly involved in this hitting 2 of the saudis biggest a oil refining or a production facilities and one of those actually the biggest in the world now for the saudi prince one thing that he knows is that in this case war might be bad for business because what we saw and some investors kind of like that when you know where the numbers jump when it comes to oil they jump price wise when the propriety goes down the supply went down by about 5 to 6 percent after this airstrike we saw the initial jump of 20 percent per barrel in the prices and then it just dropped to 10 percent so it was nothing it didnt really hold too long but it was the biggest jump that weve ever seen look at this graph the. Kind of breaks it all down for you because this really is very very telling major all Oil Supply Disruptions we have everything from wars to hurricanes to strike the libya war katrina you know big things happening in this world and some of these wars are sustained and this was the biggest despite that weve ever seen it because this was the most a massive of things when you look at 5 percent 5 to 6 percent of oil supply be cut off now the principle of you know him and his company here of the r. M. Co which is you know the state company in saudi arabia for oil well theyre doing all right theyre doing all right everything jump back into shape remco actually somehow magically is doing their production is just under what it was before so thats pretty incredible in itself and according to the principle to this is the worry so according to the. He said the middle east region represents about 30 percent of the Worlds Energy supplies about 20 percent of global trade passages and about 4 percent of the world g. D. P. Now this is where he knows that a war with iran could be devastating not only for his own economy which was hit by 20 percent ok when you visit happened right so this is this is massive here so its for the globe and so he does not necessarily want to go to war because he knows that on the other side of things things might not look too good for anyone and alex youre joining us from canada and we know theres been some bumps in the road to say the least between diplomatic relations between saudi arabia and canada perhaps most remarkably this threat to from a government associated twitter account basically threatening to 911. 00 canada just about a year ago but there seems to be finally some good news for a Canadian Bank in a role with the saudi aramco i. P. O. Process what can you tell us about that. Their rank ordeals absolutely massive as you know so r. B. C. The royal bank of canada have been awarded a role in in this this i. P. O. And this is what theyre doing so the Canadian Chartered Bank has been chosen as a book when i when i see book corner i mean theyll be joining in the International Syndicate of banks theres many banks involved in this and what they do is theyre basically underwriter secured everything in check and now aramco is also considering a canadian rapper so this is basically a socalled rapper to be able to sell and market the products here in canada when i say products i mean you know their i. P. O. Is going to be massive were looking they were thinking is going to be about 10 to 15000000000 were looking at 100000000000 of bonds are ready tons of interest in there so this is going to be absolutely massive and its not too far away starting up in october and everything should be on the go by november big news our g. Correspondent alex me hell of it thanks for joining us. Thank you. American fast fashion retailer forever 21. 00 inc filed for bankruptcy protection on sunday and said that theyre planning to close more than 350. 00 Stores Worldwide the low priced fashion retailer has more than 800. 00 stores throughout asia the middle east the u. K. And the United States for a 21. 00 has prepared 350000000. 00 in funding to restructure according to a filing with the Bankruptcy Court in delaware according to a spokesperson for the retailer forever 21 plans to close 350 Stores Worldwide with 178 of those being in the United States where it still has 541 locations the company blamed a slowdown in traffic instructing malls where the bulk of their stores are located and over expansion over the last decade for their well. The only california judge has said electric Car Company Tesla and its founder was broke the law when they threaten employees trying to unionize legal journal churros contribute with americas lawyer joins us now with more on this judges ruling molly welcome back in what way did mosque in his car company explicitly break the law according to this judge. In several ways and hi nice to see you and christie as well so last week this administrative judge ruled that tesla violated the National Labor relations act a number of times when workers in california organized a union 2 years ago by threatening and retaliating against them so judge me to tracy ordered the company to stop a number of these actions including eliminating a rule that blocks employees from handing out union literature when theyre off duty and also to stop interrogating people about any Union Activities she also ordered tesla to reinstate and give back pay to one Union Employee who had been fired and rescind a warning that they had given to another proUnion Employee judge tracey had a. Slew of other comments in orders for the company as well as its founder ilan musk related to this case she called him out on a tweet from may have last year or musk essentially implied that joining a union meant his employees would give up tesla Stock Options and she threw that down so that was illegal and she ordered him as well to be at the tesla plant freema california when he or someone from the labor board is supposed to give a Public Notice read this noticed employees of all the ways of the company broke the law mostly what theyre going to do about it so she had some strong words for them and their actions as to how they treated these employees these employees can certainly feel like theyve been backed up by the law so who is behind this entire complaint who actually i filed a complaint. Well it was several workers back in april 2017 they filed that they were the ones that that tesla facility in fremont and with the help of the International United Automobile Workers Union they were all part of this law this complaint so according to Court Documents the workers had raised concerns about safety at tesla facilities below market wages long working hours lawyers representing these workers and the union say tesla has threatened them when they were trying to unionize them restricted their right to speak about it for themselves so employees accuse the company of using security guards in fact to stop them from handing out union flyers at the car plant that would then photograph their badges and order them off property so these were threatening gestures that the judge said had to stop and employees were also banned from handing out any materials that were not improved preapproved by tesla and even instituted a stricter dress code after employees began wearing shirts with the union logo so in a number of ways according to the complaint they really cracked down on these employees and the judge again backed them up for that molly barrows contrib. You so much for being here. Thanks kristie. And finally the idea of the British Parliament as a group of chimpanzees doesnt seem like that much of a stretch these days considering the devolving discourse in the parliament as the u. K. Careens toward a no deal brocks it no secret a british artist banksy has thought of thought up the exact scenario for his previous 2009 work devolved parliament which will go up for auction this week with an expected sale price of 2 to 2500000 the piece which replaces members of parliament with chimps measures 4 metres long making it the largest known canvas piece by the artist according to auction house saw the bees the topicality of a 2009 piece was not lost on alex branch it saw the bees head of contemporary art europe who said of the work theres no doubt that today this image has incredible currency not just here in the u. K. But across europe and beyond here we see this one of our oldest democracies and within it we see the regression toward tribal animalistic behavior like the you know its a perennial subject those clowns in Congress Parliament wherever they are those found have done it again what a bunch of clowns exactly i think its actually fairly accurate and something telling of our culture now days that you have the parlor to now be in graffiti art in pop culture and now in rap music videos as well because that is their behavior it doesnt make any sense at all. Makes for some great and amusing art turn into a complete circus that that by this time you can catch a boom bust on direct t. V. Channel 321 dish network to 80 or streaming 247 on t. V. The free t. V. App to 79 or you can always catch is that you got com starts you see you next. Vanity and by north its so many people because they comprehend you so bored that even such a bad copy is sending. Im not anybody and. Im here to find the next guy. Who looked up live on the human being done the in philosophy that she learned dump on tea at. The click some for the c. E. O. Thing is a deflection what is comfortable saying. That is a god given that i got our premiums are. Going to hear a lot about that. That you can bank on you probably get nothing like a. Long long while the name you know is along the bottom theres a bonus feature live on control glottal. And oh a new person and they are turning move 100. 00 gandhi a new normal and going to run the place. Ignore you then go to mock you then damon join you. Know why a paradigm. This was so much all year round turned into a round the experimentation field the agricultural chemicals we know that these chemicals have consequences they are major irritants theres no question otherwise why would that the Chemical Company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments but often in day you have many of these people one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of Environmental Research going on in hawaii whether these Companies Feel they can get away with this because the people have less political power. And democrats have painted dont trust punching a lawyer as part of their impeachment trial 2020 hopeful joe bidens team did launch the media take Rudy Giuliani up here. An investigation by our t. V. Wesley news agency reveals that lloyd has misused an oath quote have been high ranking of Iranian Military official making to iran the more belligerent during gleeful tensions. And amid a surge of a number of my current censuring its really off the road and reopened its poll your time and its control but it can turn toward us
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