Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actually thats whats been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104000000000 dollars into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only that but they also include 28. 42 day term loan repos into this agenda and thats the new news for right now so theyve tried to inject money into the system consistently. That has not solve the problem so now theyre extending the term and trying to increase more liquidity and right now the most worrisome part of all is that theyve made this the new normal so whats going to happen when they take their hand out of the Banking System but right now they cant i think we all know europe. Amazon is saying not so fast to the pentagons 10000000000. 00 Cloud Computing award to microsoft claiming that the process was not fair it was just over 2 weeks ago when the Defense Department announced that it would award the 10000000000. 00 Cloud Computing contract to microsofts Cloud Computing powerhouse. It was a surprising moment as analysts thought amazon would definitely get the contract now amazon is claiming unmistakable bias thursday. As he said that amazon is contesting the war thats a contract it was based on politics saying that the d. O. D. Could not objectively awarded the contract while President Trump was disparaging one of the contestants back in august President Trump said that amazons bid for the jet i contract was under review by his administration because of complaints from other companies it is true that the president however has criticized heavily amazon owner jeff bezos the Company Released a statement saying numerous aspects of the jet i have allegation process contain clear deficiency errors and unmistakable bias and its important that these matters be examined and rectified. Giant Tech Companies are now getting into the finance industry concerns lingering over the lack of regulation for these social media platforms continue and some even wonder if personal information including political beliefs or even gender will impact someones finances r. T. Correspondent atocha sweet takes a look at what the new trends are in the works for these companies. Google announces it will begin offering checking accounts next year then moe will be launching a credit card in 2020 well facebook is one. A new Payment System after companies bailed on their labor project but with ventures like the apple cart already facing harsh scrutiny itll be interesting to see where the market goes some tech giants have already entered into the finance industry google is making the boldest move yet set for checking accounts to consumers next year called cash the project will be financed through citigroup and the Stanford Federal Credit Union but concerns are circulating as Silicon Valley leaders like apple and facebook have already encountered issues in the banking world this as consumers are worried about just how much personal information these social media platforms are collecting and exactly how secure their information remains but a google executive said in a media interview they do not intend to sell consumers data cesars and group a says if we can help more people do more stuff in a digital way online its good for the internet and good for us but not everyone is jumping on board former governor and current democratic senator of virginia mark warner says im concerned when weve got whether its libra or the google proposal these giant tech platforms entry into new fields before there are some regulatory rules of the road because once they get in the ability to extract them out is going to be virtually impossible as new ventures begin some like the apple cart already off to a rough start tech entrepreneur david heim or hanson tweeted the apple cart is such a sexist program my wife and i have filed joint tax returns live in a Community Property states and have been married for a long time yet apples black box algorithm thinks i deserve 20 times the credit limit she does steve me at cofounder of apple responded to the tweet saying quote im a Current Apple employee and founder of the company the same thing happened to asked 10 times despite not having any separate assets or accounts some say the blame is on Goldman Sachs but the way apple is attached they should share responsibility then most will be launching its 1st credit card with Synchrony Bank next year the idea is looking to help them move generate more revenue the mobile Payment Service use as an app is an arm of pay pals said to be profitable secretly bank already finances e bay and amazon i actually dont know if libor is going to work. But i believe that its important to try new things and islam as youre doing so responsibly thats what has made america successful and its why were Tech Industries let the world not everyone was convinced that facebooks idea of a global Payment System known as libor was a good idea but Mark Zuckerberg isnt letting regulatory concerns given the way of facebook jumping into the finance industry the tech giant is launching facebook pay this week the initial use of the Payment System will be used to send money to friends shop for goods and donate to fundraisers over Time Facebook plans to incorporate facebook pages into instagram and whatsapp well the notion of big tech jumping into the finance industry could offer many potential benefits such as promoting associated gains in Economic Activity there are also some major risks involved in addition to Consumer Protection some analysts point to big Tech Companies utilizing data from their existing platforms some say this could spark rapid change in the Financial System ultimately reducing competition in los angeles and just suites are. A lot of red arrows on the board today as why growth remains elusive despite continuous attempts by the Central Banks to intervene lets see how we ended up to start the most ended the week down as g. D. P. Growth of 3rd quarter came out 1. 7 percent below the ministry of Economic Development early estimate of 1. 9 percent growth was mainly supported by agriculture in my knee and there is concern that Economic Growth over the next few years will be impossible without new Capital Investment over in shanghai the composite fell on friday to end the week lower with the countrys blue chip index posting the biggest weekly decline in more than 3 months amid uncertainty around the china u. S. Trade deal interesting how uncertain china is about a deal materialize and how certain the u. S. Seems to be when both sides have to agree and sign investors are now looking for. More clues on beijings policy support in the midst of a slowing economy the composite shed over 2 percent making it the worst week since september 27th over in hong kong the markets continued to fall as riots and chaos engulfed the city the violence has now escalated to a new cadence as this week a man was doused with an accelerant and set on fire for talking trying to talk and reason with the rioters short selling is back in fashion with the futures open interest rising to 7 months high to over 144000 the notorious head basss back hammering away at the peg over in japan the nikkei fell less than one percent as high beta shares those that are the most sensitive to economic cycles slumped on trade uncertainty and the sluggish Business Environment japan the worlds 3rd largest economy after the u. S. And china expanded point 2 percent in the 3rd quarter weaker than expectations a large part was due to lower exports and the effects of a weaker chinese economy over in india the sensex was also down for the week following the downbeat in asia on monday indias Industrial Production shrank for the 2nd consecutive month in september to 4 point 3 percent making it the worst performance since 2012 the contraction was mainly due to poor performance in the Manufacturing Sector as cyclical still remained weak. In australia the aztecs eked out some gains as tech named jane their winning streak for the 7th consecutive session gold mining also rose as investors sought the safe haven of Precious Metals amid uncertainty over the phase one deal and finally the all shares were down after a raise agency moodys slashed south africas Economic Growth outlook for 20221 percent and reduce its outlook from stable to negative due to the unsustainable Government Debt now over to bents one for the rest of america and europe thanks for that lets go over to europe right now that is out the. Even talk about the u. S. China trade talks continue to keep european markets pretty much on germanys dax rose point 2 percent for ages. Francis calc excuse me gained 4. 4 percent those shares mostly rose on friday after u. S. Government officials said that they were getting close to an agreement with china to cool tensions over trade over in london the footsie traded down after the Opposition Labor Party they widened their Electoral Campaign promise to renationalise Big Industries they do have a plan to take over parts of broadband and that provider bt to offer Free Internet shares in bt the former state full monopoly they were down over 2 percent over in brazil the evil west is down following 1. 78 percent interest in some analysts here point to the release of an x president of brazil lula walking free from jail after the Supreme Court defends and explains the convicted people will only be arrested quote if they have exhausted their appeal options and quote that may have impacted the way the Foreign Investors are now viewing the country the b. M. V. They traded down this week after it got off to a rough start but they had to make a pretty serious comeback over there in mexico for the past few days because the mexican economy is seen a bounce things to news that the u. S. Trade agreement with canada and mexico could be approved even still this year in the United States 3 major indices they have once again hit an all time high the dow jones hit a fresh record high on friday after white house economic adviser larry kudlow said that china and the u. S. Getting ready to close that trade deal the 30 stock average traded 150 points higher or point 5 percent the s. And p. 500 the nasdaq they made new all time highs climbing point 6 and point 7 percent respectively and in canada the t s x also traded up this week up by about 0. 31 percent canadas main stock index continued its journey really into record territory with games in the key energy and material sectors it also helped to offset losses in the Health Care Sector that includes big names in the cannabis business and that is your Global Market wrap for the week. Time now for a quick break but hang hammock as well. But this guys a viking app which they have not allowed i phone users cannister operate without them now. 50 officially launched extremely application guarding millions in just one day but could this mean for netflix hulu and even traditional Cable Companies well get into that later on as we get a break here the numbers at the close. Time after time to repeat the same mantra sustainability its very important. Transition sustainable transport sustainability. More equitable and sustainable. They claim their production is completely harmless. It. Companies want us to feel good about buying their products while the damage is being done far away this is just. Under. Your government and our government and all the other major governments of the world know whats going to them when its go. But they havent told you and they havent told me they havent and theyll. Imagine something as big as the earth is going to try to. Waves earthquakes volcanoes are wrapped and its going to chill. So very for a while right. My great grandfathers quote. Nobody would care about the law or prison so youd have wallace though should have. A terrible life between now and the. Good food descriptions sound up to tell using even for the owners so how to choose just pet Food Industry is telling us what to feed our pets more based on what they want to sell us and was necessarily good for the pet turns out may not be the best people believe we have animals that have you know diabetes and arthritis they have auto immune disorders allergies we are actually creating these problems its a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets streets to larger corporations are not very interested in proving or disproving the value of their food because theyre already making it a 1000000000. 00 on it and theres no reason to do that research. So it might be one of the most single important stories ignored by us media the Brics Alliance and the efforts by 5 nations brazil russia india china and south africa to cut the u. S. Dollar out of the nation to nation trading thursday the bric summit wrapped up in brazil and some of what those leaders of those 5 nations had to say is pretty telling. I would suggest to increase the participation of where credit is offered in local currency i believe that it would reduce costs and risks and would strengthen our courage to use bonds. So that in our next summit we can reach the goal of 500000000. 00 of commerce intra brics we made a commencement the. And should benefit not only bricks member countries but should also be able to extend its horizons to the emerging markets and developing countries like our own countries or brics leaders also discuss creating a Digital Currency or even a crypto currency which could be used to get around the swiss Banking System a u. S. Dominated system for transferring money internationally. Facebook is under fire yet again this time for him a day its members privacy it turns out that the social media giant could have been sneakily as a i phones camera while using the facebook app at least thats the case if theyre using it on an i phone our taste try to chavez explains. I phone users beware it appears that a system bug is allowing face but to access users i phone cameras while theyre using the facebook app scrolling through their fee the news now sparking fierce reaction i dont think its that bad i dont normally is right facebook users took to twitter saying that their phone cameras were activated automatically whenever they were using the facebook app thats an invasion of my privacy i mean that this is also a media we dont see that one user Joshua Maddux tweeted out this video showing that when he scrolled through his social media feed the app would actively use the camera he said found a facebook security and privacy issue when the app is opened it actively uses the camera i found a bug in the app that lets you see the camera open behind your feed note that i had the camera pointed at the carpet earlier this month several other users spot of the bug one user posted this video and said today while watching a video on facebook i rotated to landscape and could see the Facebook Instagram story u. I. For a split 2nd when rotating back to portrait the story camera at you i opened entirely a little worrying facebook confirmed a bug in the latest version of the i o. S. Up the company said in a statement we recently discovered that version 244 of the facebook i. O. s app would. Incorrectly launch in landscape mode in fixing that issue last week in v 246. 00 launched on nov 8th we inadvertently introduced a bug that caused the app to partially navigate to the camera screen adjacent to news feed when users tapped on photos although the company submitted a fix to apple users are still outraged some even considering closing their Facebook Accounts yeah i might be thinking of closing my account i dont like my rights being violated it makes you want to shut off facebook i dont want anybody getting its my private information like that thats invasive absolutely not meantime until the fix is completely approved experts are warning users to revoke a camera access for the facebook app until the update is available now this is just the latest scandal that facebook is battling as it tries to win back the trust of its users after a series of privacy scandals that have occurred in recent years including eavesdropping on its users through phone microphones in order to better target advertising all of the company has repeatedly denied those allegations reporting in the orchard of each others are to. The others people said they were mad theyre going to get rid of facebook or will they the world of entertainment is in iraq this week for the launch of the new streaming Service Disney plus in the u. S. Canada and the netherlands Tuesday Morning users flock to their streaming devices to log in for the 1st time you know the disney people but what brought them to the house of mouse is new platform how big was it wall wins they get this the Company Announced they had reached 10000000 users in just 24 hours that is a metric that analysts report took h. B. O. Now 4 years to reach this is been a huge winner for disney with their stock price increasing by 11. 00 points this week meanwhile starwars streaming giant netflix witness a drop of as much as 12 points this week so what is the plus mean for the streaming landscape and really more importantly here what is the. Hold for the future of the sector which is that she just looked like boo must producer joins us now to talk about this brett obviously youre a fan of business thats right you have one of them a bit of media this is one of those people who got into the 1000000 but look it seems like disney plus other than a couple Little Things here in the very beginning they roll this out the right way yeah absolutely and i mean look its an easy winner they have generations of support from people around since the fiftys making great content actually before then but making great content and all of that all of that but most of that content is available on their service so its easy for people to sign up get in and they offer these great deals 1st off its only 699. 00 to start if you just want to pay right out of pocket but if you have rights an unlimited subscriber here in the states or abroad you can get it for free for a whole year and let me just say when you have kids ready to do so they all know it isnt if theyre watching their disney their marvel their cartoons whatever they might be watching and then a year olds by the you get that free. Deal wears off sure you think you have trouble at home if you try to get it all that read it i think you might so i think thats where there is like a drug dealer the 1st one to tell it to me and then after that and only glitches thing i think that really helped them out too is it worked pretty well on day one you know there are some crashes you know we kind of have a little bit of an issue and one of the big ones they had was with the simpsons because they require that during the 20th Century Acquisition or 20th century fox acquisition well those episodes are now all cropped and do a widescreen format rather than the normal 43 format so those plans are a little upset but mostly went very smoothly and everybody is able to watch the content they want to absolutely sign on more than 10000000 american cable and satellite sky have actually left their Services Since 2012 so what are those mean and the new players and streaming that includes like hulu netflix amazon prime what are they doing to cable privacy well theyre hurting them like you said theyre losing 10 or theyve lost 10000000. 00 subscribers so far and thats only going to continue no i dont know that disney plus plays that big of a role in all of this because its very nice kind of like the Old School Netflix was when it started it has a lot of great content but you know if you want live sports or Something Like that youre going to have to. Go elsewhere there are a couple of things to point out here and i wanted to make this i took some notes here the average cable subscription costs about 107. 00 per month if you have Amazon Prime Video h. B. O. Now netflix hulu and disney plus youre only misspend 60. 00 a month but if you dont care about Live Entertainment or live news you could do that for almost half the price now i think theres a big one that were going to see thats going to actually hurt our Cable Providers is h. B. O. Max yeah theyre going to watch in may of 2020 and what theyre doing is theyre giving a deal where you get it for free if you have h. B. O. Now which is like h. B. O. Go comes from your cable subscriber and you have a cable subscription but you get it because if you like it well yeah but h. B. O. Now youre buying it directly through h. B. O. So the theory here is that what theyre trying to do is to couple themselves a little bit from that Cable Provider because why do they want 345. 00 for each subscription when they get all 15 from every single one and i think that could really hurt the cable subscriber yeah you know its really interesting because this is the obviously has the catalog right of content and before doing this as you said theyve already they acquired the simpsons they took over the Star Wars Franchise is a marvel franchise i mean theres so much content that disney holds but doesnt that up the game for everybody else in terms of the need to invest i mean netflix has already investing billions apple plus just up the amount that theyre looking for in terms of original content to 6000000000. 00 its a good time to be a constant creator absolutely but of course theres only so much good content i mean when we thought that before but now look how much great content there is all over but i think one of the issues that youre also seeing here is look at those it will go back to the Cable Companies look at them comcast they are purchasing they purchased universal they purchased n. B. C. So they have now theyre going hey we might have to get subscribers on on our systems however we can still provide that content and they got involved with warner and h. B. O. And so theyre doing the same thing so there is i mean this is a boon for the Entertainment Industry and i dont think its slowing down i mean obviously youve seen the next netflix way in and. Little bit because they dont want to they dont want to spend as much money because sometimes things are really winning for sure remember 2 in d. C. Universe is going to have their own streaming and theyve already taken the office back number one show on netflix is the office which who would have thunk that. They bought a friends they bought of south park from hulu so those are the big 500000000 dollar deals i mean thats a big deal absolutely or to producer bridgeboro thanks so much for your time thank you. Another big step for blocking technologies as walmart canada which as the name suggests is walmarts Canadian Branch has rolled out a block chain based network for the freight and tracking payment management this is one of the very best examples of a non currency application for block because it allows Companies Like walmart to track supply chains and logistics data in real time aggregating the data between walmart canada and its a 3rd party trucks on a shared ledger according to john baylis the senior v. P. Of logistics and supply chain walmart canada he explains the value of block change saying in part block chain is enabling a material advance in our Smart Transportation network with x. But i do payments expensive cost savings and im other benefits among our supply chain moreover this degree of improved efficiency represents a powerful platform for us to continue to reduce our environmental footprint and continue our leadership in the environmental sustainability and watching will soon be used by walmart corp here in the u. S. Recently the Company Announced that it would use block chain tech to track its indian source shrimp to select locations of sams club stores in the u. S. Yeah thats a very big deal you know good for the mind and the blender it has a company that does this and he 1st told me about it this is how he described it imagine being able to follow either you know shrimp or produce and have. Changeable and alterable ledger that tells you exactly where it comes from how fresh it is and where it gets to that does not exist in the industry until now with launching a fascinating thats thats it for this time you can catch bill must on directv. 321 dish network out to 80 or so me 247 im going to need a free t. V. I mean i always are going to you tube dot com slash boom bust r t well see you next on. The set to my hardest to i dash worst you can but it. Got a late bloomer ricky. The same country because he must stop telling officially i can make us tell. The sun could one be my mother but then it had to be neighbors who. Saw. Him on the hook include the whole thing as bozo the clown was in with the quote as soon as you got to send them. All just so you dont know many of the young they have. Deiced so much smoke the soup. Still so not to sing on. Such and such. And. So weve got to do is identify the threats that we have its crazy going for him do you shouldnt let it be an arms race. Scary Dramatic Development only really im going to resist i dont see how that strategy will be successful very critical time time to sit down and talk. The world is driven by a dream shaped by one person. Thinks. We dare to ask. Im. Pumped full of. Tear gas a red yellow vest that movement marks its 1st anniversary with directed against the french government also ahead. Tensions rise in bolivia with 5 supporters of ousted president morales reportedly. In clashes with police. A former us to ukraine. Report on how americans are losing interest