Transcripts For RT Boom Bust 20240713

Week the Asia Pacific Economic. Earlier this week the Asia Pacific Economic cooperation summit set for mid november in santiago chile was cancelled amid what cooperation summit set for mid november in santiago chile was cancelled amid widespread protests in the nation due to its proposed increase in Public Transportation fares spread protest in the nation due to its proposed increase in Public Transportation fares and what demonstrators call economic inequality news of the cancellations what and what demonstrators call economic inequality news of the cancellation swept across the globe as it was anticipated that president s donald trump and whats up across the globe as it was anticipated that president s donald trump and she would sign phase one of the trade deal between the United States and china following these a 9 phase one of the trade deal between the United States and china following these. Reports officials from both sides were quick to dispute the prospects of such a sign initial reports officials from both sides were quick to dispute the prospects of such assignee in santiago but theres more to apec than a trade deal between china and the us in santiago but theres more to apec than a trade deal between china and the u. S. And joining us now to discuss the impact of this cancellation and other unrest throughout latin america and joining us now to discuss the impact of this cancellation and other unrest throughout latin america is economist a former Ecuadorian Central Bank official andres a ruse out of mexico city is economist a former Ecuadorian Central Bank official andres a ruse out of mexico city so 1st lets start off with the cancellation of the summit. So andres 1st lets start off with the cancellation of the summit in chile how important is the apec summit for latin american countries and how important is the apec summit for latin american countries. Right thanks for having me. Great thanks for having me well the apec cancellation in itself is it may not necessarily well the apec cancellation in itself is it may not necessarily be a big deal for the whole of latin america except by the fact that this agreement be a big deal for the whole of latin america except by the fact that the agreements between the us and china will probably take a while longer and let the magnets between the u. S. And china will probably take a while longer and let america is affected indirectly by that because of the pressures in turkey has affected indirectly by that because of the pressures in terms of trade but i think also the conference of the parties for the environment of trade but i think also the conference of the parties for the environmental agreements has also been canceled and that is probably a bigger deal for the world in our mental agreements has also been canceled and that is probably a bigger deal for the world in general because there is a lack of opportunity to reach an agreement there in general because there is a lack of opportunity to reach an agreement there d and something that we have to Pay Attention to is the leave it the other risk of final and something that we have to Pay Attention to is the leave it the other risk of final which is a soccer match of the biggest in south america that will take place on the 23rd of november which is a soccer match the biggest in south america that will take place on the 23rd of november in chile that will probably have repercussions in terms of the protests over inches. That will probably have repercussions in terms of the protests now weve touched on the surface of the unrest in chile which is largely due to an increase in now weve touched on the surface of the unrest in chile d which is largely due to an increase in Public Transit fares and many protesters cite Overall Economic inequality so could you tell by Trans Affairs and many protesters cite Overall Economic inequality so could you just break down the current Economic Situation in chile for us. Lets break down the current Economic Situation and chile for us. Great so the people are protesting there only be. Great so the people are protesting there only because of a specific measures in terms of the plug in public transport or the electricity cost because of a specific measures in terms of the plug the public transport or the electricity costs that were recently undone but in general because of economic inequality that we recently undone but in general because of economic inequality and what i would call political inequality so there in chile we have a crisis of and what i would call political inequality so there in chile we have a crisis of Political Representation the roots of the us come from that been or should dictate to ship a little representation the roots of the use come from that been or should dictate to you more than 30 years ago pinochet drafted he wrote up a constitution even more than 30 years ago pinochet drafted he wrote up a constitution for cheating the thats still in force and this constitution looks like the green for cheating the thats still in force and this constitution looks like an agreement between the i. M. F. And the chilean military i mean there has. Between the i. M. F. And the chilean military i mean there has hyper provide position of public assets of Public Services and just one more example provides is a. Of public assets of Public Services and just one more example. Theyd own the copper exporting company there you go. Theyd own the copper exporting company go there you go 75 percent of the profits of that company go directly to the military 75 percent of the profits of that company go directly to the military so with the big question is where are we seeing this economic inequality so without big question is where are we seeing this economic inequality from because i am afaik has characterizing chile as a high income country already from because i am africas characterizing chile as a high income country and right now theres only about 8 percent who are living below the poverty line and that is and right now theres only about 8 percent who are living below the poverty line and that is better than most latin american countries right now. Better than most latin american countries right now. Yeah indeed i mean if you look at the. Yeah indeed i mean if you look at the structure of inequality in chile about 30 percent of all of the income is earned trucks or of inequality in chile about 30 percent of all of the income is earned by the one percent in the top so that means the chilean rio die the one percent in the top so that means the chilean rio g. D. P. Per capita if you take d out the richest one percent. G. D. P. Per capita if you take out the richest one percent is probably at the same as the latin american average or maybe even is probably at the same as the latin american average or maybe even a little lower so this is probably the more realistic picture a little lower. So this is probably the more realistic picture of the situation of Economic Development in chile another sure of the situation of Economic Development in chile another thing is that this very new liberal constitution has been saying is that this very new liberal constitution has been in place and in chile is now under review and it has an important place in chile is now under review and it has an impact throughout the chilean economy look for example one of the consequences of the act throughout the chilean economy look for example one of the consequences of the apec cancellation in chile is the fact that now there is low political way pick cancellation in chile is the fact that now there is low political will to approve chillis and here instead of the t. P. The Transpacific Partnership to approve chillis and here in still the t. P. The Transpacific Partnership agreement the same agreement that did not want to be ratified by the ship agreement the same agreement that did not want to be ratified by the trumpet ministration so we see similar tenets here in the terms of how neo liberal trumpet ministration so we see similar tenets here in the terms of how neo liberal globalisation has affected the structure of economic inequality globalization has affected the structure of economic inequality in that the american countries as well now lets turn over to argentina in that the american countries as well now lets turn over to argentina on sunday we cite change in Political Leadership without often and outstaying president on sunday we cite change in Political Leadership without often and outstaying president mary sue mccree so just this week u. S. Treasury secretary steven minu chen said mary sue mcrae. So just this week u. S. Treasury secretary steven minu chen said the country should up hold its commitment to the terms of the 57000000000. 00 i. M. F. The country should up hold its commitment to the terms of the 57000000000. 00 i. M. F. Loan so it should be noted that menuhin wasnt completely against the idea of renegotiating the deal and so it should be noted that menuhin wasnt completely against the idea of renegotiating the deal for nandos and Cristina Fernandez de kirchner essentially ran on a platform optical fernandez and Cristina Fernandez de kirchner essentially ran on a platform opposite of the austerity measures imposed by the i. M. F. Deal so how do you see this whole thing playing out. Look this side of the austerity measures imposed by the i. M. F. Deal so how do you see this whole thing playing out. Look this has a judicial undertone that has to be explored in the case of the judicial undertone that has to be explored in the case of the team is that folds 20 years ago it was basically against bondholders and seen as the folds 20 years ago it was basically against bondholders so wall street bondholders that can actually go to u. S. Or new york courts to wall street bond holders that can actually go to u. S. Or new york courts to enforce their deal thats what happened when michael finally conceded but in the case of this to enforce their deal thats what happened when michael finally conceded but in the case of the i am if its an International Organization and they have no way of trying to enforce this its an International Organization and they have no way of trying to enforce in any court whatsoever so the numbers there have a number of the 0 in any court whatsoever so the numbers there have an upper hand and the i. M. F. Will probably even if they dont reach an agreement with the fed and this is and. And the i. M. F. Will probably even if they dont reach an agreement with the finance this is they will probably unilaterally restructure the debt in favor of one they will probably unilaterally restructure the debt in favor of argentina because they wouldnt tolerate the fact that argentina would default on an International Organization tina because they wouldnt tolerate the fact that argentina would default on an International Organization like the m. F. They still have a difficult job to overturn everythings ation like the m. F. They still have a difficult job to overturn everything that that Michael Administration did that created the economic crisis for most of running that that mike Lee Administration did that created the economic crisis for most of argentinas population but now that we see it some of the ways that theyre going to diligent in this population but now that we see in some of the ways that theyre going to deal with this with the final magli administration measures after the 1st round deal with this with the final magli administration measures after the 1st round of votes almost 2 months ago mike lee started to do most of the votes almost 2 months ago mike lee started to do most of his privatization and liberal reforms and that is probably the same sort of his privatization and liberal reforms and that is probably the same tenet of what is going to happen for a strongly founded on capital controls a tenet of what is going to happen for a strongly founded on capital controls Exchange Controls price controls and an increase in public spending to basics change controls price controls and an increase in public spending to basically solve the economic crisis for the majority of virginias popular glee solve the economic crisis for the majority of virginias population so weve witnessed a bit of a reprieve in ecuador with the government essentially he. So weve witnessed a bit of a reprieve in ecuador with the government essentially halting their plans to end fuel subsidies however it appears to be expected and halting their plans to end fuel subsidies however it appears to be expected that another similar plan will be put into place new in the near future so where are we right now in ecuador other similar plan will be put into place new in the near future so where are we right now in ecuador. Well just yesterday. Well just yesterday ecuador presented its budget for 20 or presented its budget for 2020 for the next fiscal year and in that budget there is a reduction 20 for the next fiscal year and in that budget there is a reduction in fuel subsidies not by the amount that the government wanted in fuel subsidies not by the amount that the government wanted to a month ago but by probably approximately 2 months ago but probably approximately half of that amount so it shows that the government is continuing with its pilot half of that amount so it shows that the government is continuing with its policy the measures have not been taken yet but the announcement has already been done see the measures have not been taken yet but the announcement has already been done so i expect there to be a renewed wave of protests because at the same so i expect there to be a renewed wave of protests because at the same time in there are we have an emergency law that has been sent by in time in there are we have an emergency law that has been sent by the president by president moore and its basically a tax and the prison. The president to know that its basically a tax and financial deregulation law that it is approved in the terms that was sent by the deregulation law that it is approved in the terms that was sent by the minute ministration i predicted that in the 1st semester in the 1st half of 2 industries i predicted that in the 1st semester in the 1st half of 22 in the quarter well have a financial crisis very similar to that lead to in the quarter will have a financial crisis very similar to that that argentina had only about a year ago or a few months ago that argentina had only about a year ago or a few months ago a lot of moving pieces to keep track of economist and former Ecuadorian Central Bank of a lot of moving pieces to keep track of economist and former Ecuadorian Central Bank official under as a ruse thank you so much for being here. Thank you so much for being here. Amid a massive reorganization plan Deutsche Bank on friday announced i had promoted amid a massive reorganization plan Deutsche Bank on friday announced i had promoted fabrizio can barely see achieve transformation officer mr kemp who had it fabricio can barely see achieve transformation officer mr kemp who has been with Deutsche Bank for 15 years will oversee the banks plans to cut more than 18 has been with Deutsche Bank for 15 years will oversee the banks plans to cut more than 18000. 00 jobs worldwide and dispose of 20 percent of total assets by 220000. 00 jobs worldwide and dispose of 20 percent of total assets by 2020 the restructuring of management within the bank comes days after germanys largest lender the restructuring of management within the bank comes days after germanys largest lender led down investors with weak 3rd quarter earnings which caused our stock to dip by 8 percent lead down. Investors with weak 3rd quarter earnings which cause their stock to dip by 8 percent in the 3rd quarter of 290324 key business areas were due and in the 3rd quarter of 290324 key business areas were reported a decline in revenue the bank issued a statement regarding the reorganized reported a decline in revenue the bank issued a statement regarding the reorganization saying with the creation of the new transformation and Human Resources function and saying with the creation of the new transformation and Human Resources function Deutsche Bank aims to drive forward its most compressed comprehensive transformation for 20 aims to drive forward its most come come pretense of transformation for 20 years with a sharpened focus the primary objective is to manage this restructuring whole years with a sharpened focus the primary objective is to manage this restructuring holistically with clear accountability and to improve cooperation and process coordinate list stickley with clear accountability and to improve cooperation and process coordination within the group the Restructuring Plan which was announced in july is expected to question within the group the Restructuring Plan which was announced in july is expected to cost the bank more than 7000000000. 00. Us the bank more than 7000000000. 00. 3rd quarter earnings we continue as a macro backdrop remain. 3rd quarter earnings we continuous as a macro backdrop remain soft lets see how we ended up for the quarter over in moscow the most routes soft lets see how we ended up for the quarter over in moscow the most rally led by industrials in energy as the north stream to gas pipeline received its final Construction Permits led by india. And energy as the north stream to gas pipeline received its final Construction Permit despite trumps efforts to torpedo it once complete it will double the commit despite trumps efforts to torpedo it once completed it will double the capacity of the original nord stream pipeline this project is owned by a gas problem with a consortium pastie of the original north stream pipeline this project is owned by a gas problem with a consortium of European Energy Companies Paying for half of the Construction Costs over of European Energy Companies Paying for half of the Construction Costs over in shanghai the composite sank as the equities market was rocked by more trade deal uncertainty of reach either composite sank as the equities market was rocked by more trade deal uncertainty of reaching a comprehensive long term trade deal negotiators are expected to hold a call for a comprehensive long term trade deal negotiators are expected to hold a call friday but trader positioning sees risk to the downside Economic Data thursday with friday but trader positioning sees risk to the downside Economic Data thursday revealed weaker than expected growth in both Factory Manufacturing activity baking in weaker than expected growth in both Factory Manufacturing activity baking in expectations for more economic stimulus over in japan the nikkei traded expectations for more economic stimulus over in japan the nikkei traded down for the week as a strength of the yen which is trading at a 3 week high is weighing down on the ground for the week as a strength of the yen which is trading at a 3 week high is weighing down on the index the yen which is often used as a safe haven currency is getting more attention the yen which is often used as a safe haven currency is getting more attention another signal that once again the phase one deal is in jeopardy the next pull another signal that once again the phase one deal is in jeopardy the next pullback off of its 12 months high on wednesday as signals from china and the u. S. Backed off of its try. Months high on wednesday as signals from china and the u. S. Soured optimism for a trade agreement shares of export Oriented Companies and cyclicals case soured optimism for a trade agreement shares of export Oriented Companies and cyclicals came under pressure over in hong kong the hang seng rose as Monetary Authority under pressure over in hong kong the hang seng rose as Monetary Authority cut its base lending rate for the 3rd time in lockstep with the u. S. Fed in order to at its base lending rate for the 3rd time in lockstep with the u. S. Fed in order to avert its descent into a recession that bush has the largest of bird its descent into a recession that bush has the largest of the citys 3 currency issuing banks to cut its rates for the 1st time in 11 years of the citys 3 currency issuing banks to cut its rates for the 1st time in 11 years to take the pressure off of Small Businesses hong kongs economy shrank 3. 2 percent to take the pressure off of Small Businesses hong kongs economy shrank 3. 2 percent in the 3rd quarter making it the worst quarterly contraction in a decade and sent in the 3rd quarter making it the worst quarterly contraction in a decade and putting the city officially into a technical recession over in india the cent putting the city officially into a technical recession over in india the sensex gained 2. 3 percent extending gains for 6 consecutive days while cyclicals and insights gained 2. 3 percent extending gains for 6 consecutive days while cyclicals industrials remained weak finance led the rally with a metals outshining the group has remained weak finance led the rally with banking and metals outshining the group after yes bank received by new offer of 1200000000. 00 from after yes bank received by new offer of 1200000000. 00 from a Global Investor the sox surged 39 percent on the news as it continues to be an advance to the investor. The sox surge 39 percent on the news as it continues to be an advance discussions with other global and domestic investors over in australia that discussions with other global and domestic investors over in australia the a. S. X. Lower as banking and Energy Stocks way down on the end x. Continued lower as banking and Energy Stocks way down on the end x. Continued weakness in the oil sector continued to batter big players such as Woodside Petroleum santa anas in the oil sector continue to batter big players such as Woodside Petroleum santos and beach energy. The 4th largest lender also disappoint amid record energy. The 4th largest lender also disappoint amid record low Interest Rates fueling worries about what could be expected from other lenders Interest Rates fueling worries about what could be expected from other lenders over in south africa the all shares extended gains on friday led by gains in natural over in south africa the all shares extended gains on friday led by gains in Natural Resources miners actually recorded the most games with the boosting gold prices sources miners actually recorded the most games with the boosting gold prices moodys is now scheduled to release ratings friday evening a local stocks are trading moodys is now scheduled to release ratings friday evening a local stocks are trading higher despite the pessimistic outlook from investors now over in europe the higher despite the pessimistic outlook from investors now over in europe major bourses are slightly firmer on the encouraging chinese p. M. I. Beat major bourses are slightly firmer on the encouraging chinese p. M. I. Beat which boosted sentiment the cac in the dax were both up on earnings which boosted sentiment the cac in the dax were both up on earnings following the us rate cut but the footsie traded down as giants like very. The u. S. Rate cut but the footsie traded down as giants like b. P. Shell and lloyds way down on the next after poor earnings reports while the shell and lloyds way down on the next after poor earnings reports while no deal that risk is starting to diminish the market continued to dribble down as the traders no deal that risk is starting to diminish the market continued to dribble down as the traders grew wary of the potential for u. K. General election before the year is out. Wary of the potential for u. K. General election before the year is out over in brazil that i will invest up and hit all time highs as the shares of pull over in brazil that i will invest up and hit all time highs as the shares of pulp and Paper Company and iron ore mine are top Quarterly Results Paper Company and iron ore mine are top Quarterly Results over in mexico the b. M. Be traded down as the mexican economy when its merely a play over in mexico the b. M. Be traded down as the mexican economy witness merely a point one growth in the 3rd quarter below expectations the economy shrank by one growth in the 3rd quarter below expectations the economy shrank by point 4 percent as growth slowed and worries resurfaced on the trade front between point 4 percent as growth slowed and worries resurfaced on the trade front between china and the us as well as the risk of the u. S. Embassy a deal over and the u. S. As well as the risk of the u. S. Embassy a deal over in america all 3 major indexes trade up with both the nasdaq and the s. M. P. Hitting all 3 major indexes traded up with both the nasdaq and the s. N. P. Hitting fresh 52. 00 week highs after the fed slashed rate for the 3rd time this year 52 week highs after the fed slashed rate for the 3rd time this year october job reports were strong and better than expected and earnings season continued october. Job reports were strong and better than expected and ernies season continued to beat expectations so far around 70 percent of the s. M. P. Companies have to beat expectations so far around 70 percent of the s. M. P. Companies have reported numbers so far and all of those companies 75 of them have reported better than expected numbers so far and all of those companies 75 of them have reported better than expected earnings and finally up in canada the ts x. Traded up folly a week of structured earnings and finally up in canada the ts x. Traded up folly a week of Strong Performance in the us the bank of canada left its benchmark Interest Rates unchanged at one performance in the us the bank of canada left its benchmark Interest Rates unchanged at 1. 75 percent this week as it still sees solid Income Growth and continuous trade 1. 75 percent this week as it still sees solid Income Growth and continues straight in the Energy Sector despite the poor performance in the oil markets and thats again the Energy Sector despite the poor performance in the oil markets and thats the Global Market roundup for the week. The trend of course cutting Global Market roundup for the week. The trend of course cutting doesnt seem to be going away anytime soon and Service Providers are rushing to get into this space doesnt seem to be going away anytime soon and Service Providers are rushing to get into this space leading into the new era of streaming wars r t correspondent rachel love and joyce leading into the new era of streaming wars r t correspondent Rachel Blevins joins us just on the other side of the show to log into the details and catch us up on the sector and as it does just on the other side of the show to log into the details and catch us up on the sector and as we go to break here the numbers of the clothes. To go to break here the numbers of the clothes. And this us. And this us. And we are in the union. And we are on the union. Rational a. Rational. Desire for love nice to. See. Zuma. Full body of. Them. Is a small fortune in that indian system. Is a small fortune in that into your. Fortune for the outnumber a lot about a few your. Fortune for the outnumber a lot about this more than half of such financial with. More than half of such financial. Is youll need. Is youll be via reflection of reality. Idea a reflection of reality. In a world travel. In a world transformed. What will make you feel safe in school and. What will make you feel safe. Isolation full community. Isolation full community. Are you going the right way or are you being led so where. Are you going the right way or are you being led so. Direct. What is true watch is faith. I write. What is true what is great. In the world corrupted you need to descend. In a world corrupted you need to descend. To join us in the depths. So join us in the depths. For a mate in the shallowness. Or a mate in the shallowness. Live. Live live. Live. Live. Oh. Oh. Please. Please. Liz. Liz. Liz lets just see. Lift. And a very warm welcome. And a very warm welcome to you youre watching us inside. So youre watching us inside. The few days there are good terrorists and bad debt its the bad debt or the few today there are good terrorists and bad debt its the bad news in yemen the United States deems to be a threat the good it is those who work in syria in fear and then the United States this is deemed to be a desperate. And there is a military war in syria gauged in the covert of the cia and the us military were engaged in covert actions really throughout the world. Where they were assassinating popular actions really throughout the world. Where they were assassinating populist leaders they were backing up the right way military funding an army just was leaders they were backing up right away military funding an army of death squads theres no end because theres always a small but theres no end because theres always a small. Really good. Profit. Or a really good. Profit. And battled all this Charity Start up. And battled all this Charity Start up we work continues to spiral deeper into scandal as former c. E. O. Adam newman has come you work continues to spiral deeper into scandal as former c. E. O. Adam newman has come under legal fire from a for more employee newmans former chief of staff medina a bomb under legal fire from a for more employee newmans former chief us. Staff Medina Bharti has filed a suit against we work for what is being described as gender discrimination and drug party has filed a suit against we work for what is being described as gender discrimination and drug use bharti alleges that she recover received a lunch lower salary than her male peers use bharti alleges that she recover received a lunch lower salary than her male peers in the same role being paid less than half of one men in the same role received shes in the same role being paid less than half of one men in the same role received she also cited a legit incidents in which newman criticized her and others for taking maternity also cited a legit incidents in which newman criticized her and others for taking Maternity Leave finally the suit claims that newman smoked marijuana in front of a party during a tea leave finally the suit claims that newman smoked marijuana in front of party during a private flight for work causing her to stop traveling with her the last private flight for work causing her to stop traveling with the lawsuit comes less than 2 months after newman was forced to step down from the c. E. O. Role due to internal less than 2 months after newman was forced to step down from the c. E. O. Role due to internal pressure poor corporate performance and facing a shortened runway after failing to raise funds washer poor corporate performance and facing a shortened runway after failing to raise funds the case comes on the heels of a major cash injection into we work from Investment Firms the case comes on the heels of a major cash injection into we work from Investment Firm soft bank who bailed out the company and now controls newmans shares. Bank who bailed out the company and now controls newmans shares. A wave of streaming services is hitting the market as apple t. V. Plus locked. Away of a streaming services is hitting the market as apple t. V. Plus launches on friday with the debut of disney plus right around the corner and h. B. O. Max on just on friday with the debut of disney plus right around the corner and. Max expected in 2020 but will these new options be enough to make you quit on netflix expected in 2020 but will these new options be enough to make you quit on netflix and hulu arcade rachel leavens joins me now to break down the latest and her little arcade rachel leavens joins me now to break down the latest so rachel right now what can you tell me about these new streaming services that are coming online well so rachel right now what can you tell me about these new streaming services that are coming online well it looks like netflix and hulu arent the only main players in the game anymore now were seeing a lot less like netflix and hulu arent the only main players in the game anymore now were seeing a lot of new options and that starts on friday with apple t. V. Plus now thats a lot of new options and that starts on friday with apple t. V. Plus now the service is starting for just 5. 00 a month but at the same time it also has their business starting for just 5. 00 a month but at the same time it also has only 4 series right now that are streaming making critics wonder if it will be a big only for series right now that are streaming making critics wonder if it will be a big hit right away now apple seems to be relying heavily on big names and its talents and click it right away now apple seems to be relying heavily on big names and its talents include oprah jason momoa Jennifer Aniston and Reese Witherspoon now the most highly oprah jason momoa Jennifer Aniston and Reese Witherspoon now the most highly anticipated series on apple t. V. Is the morning show which reportedly cost 50. 00 anticipated series on apple t. V. Is the morning show which reportedly cost 15000000. 00 per episode to make and its top stars aniston and wetherspoon are being a 1000000. 00 per episode to make and its top stars aniston and wetherspoon are being paid around 2 1000000. 00 each per episode now one years of screen paid around 2000000. 00 each per episode now. One year subscription to apple t. V. Will be free with the purchase of any i phone i pad or i. Will be free with the purchase of any i phone i pad or i mean that then theres disney plus which launches on nov 12th i just 7. 00 back then theres disney plus which launches on nov 12th i just 7. 00 per month now it is reported to have 1000000. 00 subscribers before it has even launched it for a month now it is reported to have 1000000. 00 subscribers before it has even launched it will include content from marvel pixar fox and National Geographic now this it will include content from marvel pixar fox and National Geographic now this service will be the only place that you can stream disney movies and it will stream frozen to next service will be the only place that you can stream disney movies and it will stream frozen to next year it will also have the entire film libraries from pixar and star wars with the new year it will also have the entire film libraries from pixar and star wars with the new reboot and series expected now a one year subscription to disney plus will be free for reboot and series expected now a one year subscription to disney plus will be free for a rise in customers then we have h. B. O. Max which is expected to launch in may 2000 and for a rise in customers then we have h. B. O. Max which is expected to launch in may 2020 now this is a t. N. T. Is dark in the fight here and it is starting at 15. 20 now this is a t. N. T. Is dark in the fight here and it is starting at 15. 00 per month while it is one of the price your options it is giving netflix a run for its money by her money while it is 1. 00 of the price your options it is giving netflix a run for its money by hosting a lot of the content that netflix used to host which will include multimillion dollars doing a lot of the content that netflix used to host which will include multimillion dollar deals to host friends south park and Big Bang Theory now in addition to all of the originator deals to host friends south park and Big Bang Theory now. Addition to all of the original h. B. O. Shows the service will also host lord of the rings sesame street the fresh gentle h. B. O. Shows the service will also host lord of the rings sesame street the fresh prince of belair and rick and morty and if you already have h. B. O. Now and youre a subscriber prince of belair and rick and morty and if you already have h. B. O. Now and youre a subscriber there then you will be upgraded to h. B. O. Max automatically and finally we have every there then you will be upgraded to h. B. O. Max automatically and finally we have n. B. C. Universal which is also expected to launch their own streaming Service Called peacock and b c universal which is also expected to launch their own streaming Service Called peacock and april 2020 now its not clear what the Monthly Price will be just yet but the april 2020 now its not clear what the Monthly Price will be just yet but this service from comcast will include t. V. Shows like the Office Brooklyn 99 and parks and read a service from comcast will include t. V. Shows like the Office Brooklyn 99 and parks and rec and movies like bridesmaids track and back to the future thats a lot of comic and movies like bridesmaids track and back to the future thats a lot of competition coming online so how are the Traditional Services the netflix hulu and amazon going to petition coming online so how are the Traditional Services the netflix hulu and amazon going to do what are they going to do to try to compete well its interesting because nest like started streaming content on you what are they going to do to try to compete well its interesting because nest like started streaming content online back in 2007 and then they started creating original content in 2013 line back in 2007 and then they started creating original content in 2013 and they have continued to build on that original content so we see series like Stranger Things orange and they have continued to build on that original content so we see series like Stranger Things orange is the new black they have stand up comedy specials and they have even started rolling out which is the new black they have stand up comedy specials and they have even. Started rolling out christmas movies so it seems clear that netflix has seen the writing on the wall theyve seen that a lot of the christmas movies so it seems clear that netflix has seen the writing on the wall theyve seen that a lot of these series and movies that theyve been able to stream in the past they arent going to be able to keep long term the series and movies that theyve been able to stream in the past they arent going to be able to keep long term and so theyve started really working on their original content now when it comes to other Services Like and so theyve started really working on their original content now when it comes to other Services Like hulu they also have been rolling out original content but at the same time they are also bit cuckoo they also have been rolling out original content but at the same time they are also banking on the fact that they can work with the crowd sees that they have those role time t. V. Going on the fact that they can work with the crowd sees that they have those role time t. V. Shows up on line the next day and then theyre also Services Like pluto t. V. Which shows up on line the next day and then there are also Services Like cluedo t. V. Which are free streaming you can get a number of channels including Archie America that you can stream for free streaming you can get a number of channels including Archie America that you can stream in real time if thats what youre looking for so it seems like the thats what those services are in real time if thats what youre looking for so it seems like though thats what those services are relying on especially with these new competitors coming in so what you say are streaming services the future of the lying on especially with these new competitors coming in so what you say are streaming services the future of entertainment right now it definitely seems that way especially when youre looking at Major Companies like Comcast Entertainment right now it definitely seems that way especially when youre looking at Major Companies like comcast and viacom that are investing billions of dollars into these new service viacom that are investing billions of dollars into these new services and fact if you look at recent studies they are even finding that streaming has gotten this is in fact if you look at recent studies they are even finding. This streaming has gotten so big that global revenues from subscription streaming Video Service is so big that global revenues from subscription streaming Video Services will overtake the total Worldwide Box Office next year so it doesnt lose will overtake the total Worldwide Box Office next year so it doesnt look like its going anywhere especially when its much easier to stream a video than it is to go wait in line and like its going anywhere especially when its much easier to stream a video than it is to go wait in line at the movie store or even to go to the movies today and well see how you 2 fits into the movie store or even to go to the movies today and well see how you 2 fits into this entire global picture later on r t correspondent rachel levin thank you so much for being here thank you this entire global picture later on r. T. Correspondent rachel 11 thank you so much for being here thank you. Traitors for paying for volatility and shocks to the currency. Traders preparing for volatility and shocks to the currency market this month plays but its worth billions of pounds in options the sterling edged market this month placed bets worth billions of pounds in options the sterling edged higher on wednesday after Prime Minister johnson won parliamentary approval to hold a general election i are on wednesday after Prime Minister johnson won parliamentary approval to hold a general election in december the moves were limited as large options curb volatility were in december the moves were limited as large options curb volatility more than 2000000000. 00 worth of options with a strike at a 1. 29 are expiring on offer then 2000000000. 00 worth of options with a strike at a 1. 29 are expiring on october 31st billions more are placed between a 1. 24 to a 1. 30 or 31st billions more are placed between a 1. 24 to a 1. 34 as funds try to reduce overall market volatility in the pound the pound rally for as funds try to reduce overall market volatility in the pound. The pound rallied almost 5 percent in the month of october as a risk of a no deal that has been taken off that almost 5 percent in the month of october as a risk of a no deal that has been taken off the table this marks the biggest rally in a decade and traders who missed a table this marks the biggest rally in a decade and traders who missed it are now playing catch up with options over 20000000000. 00 notional bets worked it are now playing catch up with options over 20000000000. 00 notional bets were placed last minute into expiry as speculation in the pound has emerged as a political issue placed last minute into expiry as speculation in the pound has emerged as a political issue there had been allegations of johnson having links to investors and rival jeremy to there had been allegations of johnson having links to investors and rival jeremy attacking hedge funds at the start of december Elections Campaign according to bloomberg attacking hedge funds at the start of december Elections Campaign according to bloomberg in total more than 20000000000. 00 pounds worth of options expired on friday. In total more than 20000000000. 00 pounds worth of options expired on friday worthless as a sterling is holding just above a 1. 29 and worthless as a sterling is holding just above a 1. 29 unchanged after the e. U. Gave a 3 month extension a costly bet for traders to close a month after the e. U. Gave a 3 month extension a costly bet for traders to close a month they lost all the premiums paid. Thats it for this time you can catch on they lost all the premiums paid. Thats it for this time you can catch boom bust on direct t. V. Channel 321 dish network to 8 or streaming to bust on directv channel 321 dish network 28 or streaming 247 on pluto t. V. The free t. V. Abdullah 279 or as always had on for 7 on pluto t. V. The free t. V. Abdullah 279 or as always hit us up at youtube dot com boom bust r. T. Say next time its up at youtube dot com boom bust r. T. Say next time. Practice with some. Practice was supposed to notable to the notes of the collector some its just. 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Lyricists really some really story of the soul food. Banks geysers financial survival you know they say money that developed for. Banks geysers financial survival you know they say money that the relatives only apply g. T. D. This is a central bank support diagram and i dont call them i dont live close. Jesus this is the central plank support diatoms kind of problem right now so you stop to. Announce a stop to. It. So what weve got to do is identify the threats. To what weve got to do is identify the threats that we have its crazy let it be an arms race. We have its crazy let it be an arms race is on the spear in Dramatic Development only really im going to resist spearing Dramatic Development only really im going to resist i dont see how that strategy will be successful very critical time to see how that strategy will be successful very critical. To sit down and talk. Sit down and talk. Russias foreign minister says the u. S. Invasion of. Russias foreign minister says the u. S. Invasion of iraq led to the rise of iceland the groups leader killed. The rise of iceland the groups leader killed by the Americans Last week was washingtons. Creation of washingtons. Creation of the United States islamic states most of the illegal invasion of iraq in the United States islamic states most of the illegal invasion of iraq and the collapse of the iraqi state when extremists who were held by the americans were set free. States when extremists who were held by the americans were set free. U. K. Is imposing a moratorium on fracking. U. K. s imposing a moratorium on fracking. Environmental issues critics though warn the move is just an election. An Environmental Issues critics though warn the move is just an election. Theres no end to the unrest surely. Theres no end to the unrest shyly