And there are some Big Questions about whether this deal will actually be good for worker former u. S. Congressman from florida alan grayson joins us to break it down. 5 of the protocol members should no longer be considered a viable candidate or my narrow when it comes to privacy well tell you what one we thought and found out what it means for privacy and if you wish to be continues over to the wildly popular app is now pivoting to other countries weve got the report straight ahead a lot to get through today so lets get to it. And we begin with what has been a good year but really a great year for tech stocks in fact tech stocks are racing toward their best year in a decade and that means that investors are interested in Companies Offering everything really from memory chips to social media platforms tech stocks seeing their best year since 2009 demonstrates that while the broader economy may be showing signs of cooling there is a lot of confidence that. Companies will be able to continue delivering sales and Earnings Growth so christy said well this is for many here because a lot of people when they think of Tech Companies in the time we brought bring this up theyre going to think thats represented by just really a few Companies Amazon apple Google Facebook but really what weve seen over the past 2 or 3 years especially is an incredible surge in the number of companies that are getting into the space right exactly so we have this represent coming in every single sector that is somehow overlapping with tech so for example in healthcare we have we have med tech and we have biotech both making great progress and in advancing like minimally in the base of surgeries and then even from things like agriculture you have ag tech there are now making it possible to to deliver nutrients and fertilizers to and do soil readings things that we have never seen before and furthermore with the entire retail and shopping space we now have cloud data computing and Artificial Intelligence now driving marketing is driving a lot of things but some of these tech stocks let me tell you be the Debbie Downer here for a 2nd some of these tech stocks it feels like are a little bit artificial in that everybody calls themselves Tech Companies now i think of we work for instance they would say they were a tech company but they were the tech company they were Real Estate Company that produced to be Something Else in order to get that investor money and it actually worked with we were seeing that was something that the company did and thats why its so easy because as soon as you say that youre a tech stock you automatically attain a higher multiple tech stocks right now trade on average about 11 percent premium over the Broader Market and they trade on a much higher multiple so things like we work or even for that matter Cloud Kitchens the new one thats right that one is essentially we work for restaurants and that somehow managed to get 400000000 funding in seed round when its merely a concept when it hasnt even been in proving yet how is that possible can your name and all the sudden the money starts flowing in exactly. Japan and south korea are going back to the w t o for a 2nd round of talks tuesday regarding a dispute over japanese export restrictions but observers say that its unlikely this round will and differently on a slightly more positive note. Japans lower house of parliament approved a limited trade deal with the u. S. But now theres uncertainty of a progress regarding highly contentious tariffs on its cars and car parts japan and the u. S. Formally signed a limited trade deal to cut tariffs on u. S. Ag giving President Trump a moral victory but now theres fear about next steps as trump known for his flip flopping ways have not confirmed that the u. S. With scrap tariffs on Japanese Cars and car parts despite giving jack pan assurances it will analysts cited these times as unfavorable as details were intentionally vague giving us leverage to win more concessions at a later date what was actually close to a trade deal with mexico and canada just last week House Speaker nancy pelosi said that a breakthrough on that new trade agreement called the u. S. In ca was this is her word imminent President Trump has been pushing for this new trade agreement but one of the groups pushing back are u. S. Labor unions the same labor unions whose workers were deeply hurt by the way by the previous nafta trade agreement a. F. L. Cio president Richard Trumka told Union Members at a convention in maryland on monday evening that nafta had been a quote disaster for working people with maryland alone losing more than 70000 manufacturing jobs quote weve been lobbying the white house specifically on nafta for more than 2 years slowly but surely moving the ball down the field but we are not there yet he said quote let me repeat we are not there yet drongo went on to say that given the deal done the right is more important than getting that done fast by the way the u. S. In ca was signed by all 3 countries the us mexico and canada but a year ago but it has to be passed by lawmakers in all 3 countries including the us congress joining us now to talk about this issue and what ultimately be good for workers is former u. S. Representative alan Grayson Allen thanks for being on. Q. So thats begin here with the concerns over the u. S. In ca really being nothing more than just well lets call this nafta 2. 00 which cost American Workers millions of jobs so why should American Workers believe that the u. S. Isnt just really going to be more of the same. Well it is more of the same and theres no doubt about that if they believe that theyre right its 2 or 3 ounces of nothing if we if you reach the point where the most important element of the deal is whether 62 percent or 75 percent domestic content is required the kind of cars being made in north america youre arguing over nonsense so there is only one thing in this deal that actually matters which is the fact that it gives you a path toward repealing that if youre willing to wait 16 years to do it. So now one of the biggest concerns over the u. S. M. C. A. Is whether or not its going to be enforceable and whether it will support stronger labor standards so what would those stronger standards look like. Simply enforceability right now the labor standards Environmental Standards and then after are not enforceable at all lets say a the u. S. Government decides to discriminate against canadian Forest Products well that company in canada can take the u. S. To court but lets say that mexico decides to completely were neg on its promises to have labor or Environmental Standards and by the way the minimum wage in mexico is about 0. 50 an hour so you can say were now use a good word to use theres nothing anybody can do to enforce that and thats been a flaw in nafta ever since it was created and thats one reason why our trade deficit which had never been one 140000000000. 00 in any year before and after the place have been 140000000000. 00 or more every single year since the place the things that matter to workers labor protection of our own protection are completely on enforceable theres a group would take a stab at making that forcible and i think back to i think it was 1993 that nafta officially really kicked in as the Ice Cream Truck goes by the background and so we kicked in a 993 but if you go back to ross perot he was a president ial candidate who spoke about this warning about all the jobs that were going to go away when President Trump got elected he spoke obviously a lot about nafta one of his major issues in running for the presidency was that he was going to repeal and fix nafta but heres the thing the u. S. It was a really doesnt change anything forget about you know the trade deficit and all that it really doesnt change anything either about jobs and that seems like that was the point the president was trying to make when he was running right he was going to bring jobs back does this trade agreement do anything to bring manufacturing back into this country it doesnt seem to only if you happen to make cheese because for the 1st time out of this a group. If it goes into effect we will be able to export cheese to canada assuming that the Canadian Dollar lets that one go by they havent voted on this yet im guessing that ones going to be gone but right youre right there i mean it created this enormous imbalance in the north American Economy that hasnt been fixed yet our trade deficit is now running about 2000000000. 00 a day and thats the real issue with regard to trade doesnt have so much to do with tariffs or car manufacturing or anything in particular its the fact that we are borrowing borrowing borrowing at this point about 14 trillion dollars worth of borrowing from other countries simply to create jobs in those countries including mexico including canada including china and that is an imbalance that this agreement doesnt address in the least you have and by the way i want to correct as i said 1903 my producer says it was 94 want to make sure i had that right but look i think whats frustrating about this is when you see all the issues that need to be dealt with in this country and republicans and democrats keep calling this something bipartisan they can work on but from everything that that ive seen about it it doesnt as and as youre saying it doesnt seem to really do anything so how is it that the only bipartisan thing that can get done in washington is something that ultimately doesnt change anything give you the last word here well in fact what trump wants out of this is simply the ability to say that he said he was going to renegotiate any renegotiated no matter that it ended up being the same what pelosi wants is something fundamentally different she wants to see a road map to end nafta she wants to see labor agreements and environmental triggers be enforceable she wants to make the thing better and shes willing to give trump a little Victory Party for the sake of doing that i respect. Representative alan grayson appreciate your time and your expertise on this things. I. Know a close its all. Books early as its secondary listing in hong kong have been multiple times oversubscribed the ecommerce giant will be issuing 500000000. 00 new shares plus a 75000000. 00 green shoe option and a 13000000000. 00 sale so why is it pushing through with a secondary listing now basic level this fresh capital injection is dry powder to sustain growth and drive User Engagement at a time when both the chinese and the u. S. Economies are slowing down on another level heightened tensions between beijing and washington have increased concerns that ray dollars prediction of an imminent couple to war could be on the horizon earlier this year there were rumors about a delisting of chinese stocks at u. S. Exchanges and ali baba shares have also remained undervalued and discounted to amazon the local favorite on the us market despite having comparable bottom lines amazons 2800. 00 net income reported 10100000000. 00 versus ali babas 9200000000. 00 just a difference of 1000000000. 00 however amazons capitalization is almost double that of 880000000000. 00 versus 490000000000. 00 its decision to push ahead with hong kong listing despite the increasingly violent riots have surprised bankers that appetite remains healthy the i. P. O. Has also attracted Significant Interest from asian sovereign wealth funds and institutional and that helps to send the message that hong kong is still functioning as an Asian Financial center the offering could potentially put hong kong back on track to retain its listing crown for another year beating out new york who year to date raised 32500000000. 00. If you think wins that i mean obviously is much larger but it was not it seems like branding was has just been more successful well that goes to show that they have 2 very different markets amazons primary market is more so b. To see versus all evolve as more of the to be in manufacturing so thats also 2 very Different Things and ali baba is making tremendous progress in the Cloud Computing front and thats pretty much where you see the big difference amazons net margins the margins are probably only about 7 percent. Margins are at 20 percent. And thats what accounts for the huge difference and big big difference there time now for a quick break but dont go away because the privacy protocol middle wimble you should stick around for that name should no longer be considered a viable alternative to z. Cash or an arrow when it comes to privacy were going to tell you what one research analyst. And what it means ultimately for privacy and as u. S. Crude he continues over to the wildly popular app is now pivoting to other countries weve got that report straight ahead and as we go to break here are the numbers at the close. Match keyser one more of my guide to financial survival this is fun and a device used by professional scallywags to earn money. Thats right these hedge funds are completely not accountable and were just getting more and more into the. Totally destabilize the Global Economy you need to protect yourself and get in for. A tense situation in venezuela is still a little over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been fully implement inside venezuela things are different were going to announce sanctions against the truest of venezuela so as you. Look. Down. And assume that. The whose story is a new Nixon Henry Kissinger to tell him that it will not be tolerated in latin america an old. Terms of economic and social system could take hold and therefore the policy would be to make. The chilean economy scream. As. Member wimble of privacy protocol has been broken by Research Analysts i. B. M. Bogey who publishes names revealing how he was able to anonymize 96 percent of all ground transactions i havent concluded that nimble wimble should no longer be considered as a viable alternative to z. Cash or minera when it comes to privacy now 2 clients have implemented this protocol grin and being so to simplify remember one will works like one big coin join across this method for combining multiple payments from multiple spenders into a single transaction before adding it to the new block like a big mixing pot this purportedly ensures anonymity and all transactions that end up on the same block but ive found that if you attack the transactions as theyre being broadcasted to the big mixing pot to be mixed you can unwind the aggregation grid and was apparently aware of this flaw ready and have been working on solutions that have not been yet released on the report is down 10 percent and being down 6 percent ive been further suggest that member one will could be combined with another privacy protocol that conceals a transaction graph altogether as it seeks to integrate and establish privacy features by the like going network. And thats really where it has the Biggest Issue right now right is because as it develops for like when you say privacy it has to be able to truly be private but at the same time it cant just be private at the final point when the transactions done the coin as you mentioned it has to be able to be private all the way through and thats difficult to accomplish exactly so there are inherent flaws in all the privacy that are currently in existence or the largest ones are going to be cash dash and minera. Dash thats being very centralized power is the catch so far is the best but what it does what it what it is so strong in this Computing Power and its aggregation system makes it very expensive and it makes the network very slow so thats kind of like the downside of the cash dash being very centralized other than that dash is a fine option and if you like. That and then now does have a couple issues with their network as well because they they run into same pounds of coins and its not entirely anonymous we can argue about that more later because im sure we will blow those taxes on the big Tech Companies. Level its coming right but in the meantime a number of European Countries are creating their own digital taxes for tech giants one of the latest the Czech Republic which is looking at a tax on companies that have more than 750000000. 00 euros in global revenue and reach more than 200000 User Accounts we know who were talking about the tax still needs to be confirmed in parliament but if it goes through the Czech Republic will join other e. U. Countries that are trying to rein in International Tech giants because already both italy and france have started implementing their own digital taxes after attempts at putting together an e. U. Wide tax filled last year and joining us out of discussions hillary for which board member with the British AmericanBusiness Association hillary glad that youre here to break so there is obviously this increasing push right to really resolve taxation in texas tech giants were talking about facebook and amazon apple google part of the reason for that though is because of the way these companies shift profits around the world. In order to minimize their tax bills yes absolutely in fact its so common that its actually known as double irish dutch sandwich. For the fine so what they do and google is a good example of what theyve done actually is they set up a subsidiary in the netherlands writes about the dutch part of the sandwich but the double irish is then they send some of those revenues go to through an irish google island subsidiary which then has an affiliate in bermuda where theres no taxation now this is 100 percent legal google has said well we pay 2726 percent taxes worldwide and its legal 100 percent correct it is 100 percent legal 26 percent taxes overall how well it actually comes down to a single digit rate when you look at how they have been taxing those offshore royalty accounts because if you look at the no tax none of the taxes from the sort of maneuver that i just mentioned overall globally its more like Single Digits was little companies and Midsized Companies like mine and the rest of us you know were paying 50 percent and i dont have an offshore. You cant make a double gold. So its now some of these proposed changes they wouldnt actually result in much more revenues for that so a simulation performed by the French Council of Economic Analysis which they currently have the role of vising the french government found that a change in the Corporate Tax receipts would not be substantial for france germany the u. S. Or china so why is that well actually its very interesting to see that you mentioned particularly that instance because of course being french what are they doing are we always wonder whatever i read any single study i always wonder who originated this and where do they come from and maybe im cynical i always think like im one of their motives just think about this should there be a global minimum tax which has been proposed extensively both in the e. U. And actually in the u. S. Should there be one think about 2 countries that would be adamantly opposed one would be the french and you might say why because they certainly would benefit from all the taxation the stocks the facebooks amazon. Netflix and google why because the its the the french have of course they have no way hennessy they have louisville on the way hennessy the l v m h and thats there they derive huge amount of taxes that this luxury Global Company from. Hennessy and Louis Vuitton so they dont want to and also the dutch dont want to because of all the subsidiaries there so youve got 2 countries pushing back instantly and thats why the study comes out of france and says that you know the dutch dont want you to mess with their double dutch saying what you really really call it lets shift gears just a little bit here so theres a german bank that has made headlines with a negative Interest Rate say this again of Interest Rate on saving right from the very 1st euro sind adding fuel to the fire of the euro p. And Central Banks you know euro zone. Deal here so yes are we expecting to see this. Go to other places that you create a savings account with a negative Interest Rate and if so where would this be and who would be involved with the relief we adding a little bit of comic levity that you were early id like to add at this juncture the german sort of mass they have the mass media the tabloids to this build and they actually have a cult to to drudgery of course the italian former president of the European Central bank instead of drudgery it was count dracula with his findings of the blood dripping in other words sucking the blood out of all the german Bank Accounts or rather the die was a serious someone who is going to exact later statements but i think this is a good example actually of unintended consequences because the reason this was of course instituted was to try to encourage all the large investors and those with large deposits to invest their money in greater investments rather just sticking it a bank account why because the banks make more profit that way so the banks are suffering the german banks are suffering european banks are suffering why are they suffering i actually think the solution is that they need to cut costs costs theyre very bloated theyre bloated compared to you in the u. S. Competitors but the unintended consequence part is what instead of stimulating investment its actually stimulating those with the vast funds to invest to go elsewhere and go abroad thats the major issue not to mention especially in the German Economy where this is taking place theyre also dealing with a heavily aging population so now you have exam dates dannys account as well as the aging population and you like the aging population generally unlike the graying of america tends to be more fiscally conservative and tends to save a great a higher rate why need to live off their c. V. Drives thats where they are working for all this stuff exactly all of the 3 of us a long way away from that hopefully so through which the board of a board member with the British AmericanBusiness Association always good to have you put to bed thanks. Take talk has over a 1000000000 users worldwide but is now the subject of intense scrutiny this after growing concerns about its collection of user data and whether chinese censor content seen by. U. S. Users are terry chavez has the story. The popular now tech time may look like the game. But thats not the case at least not now this after growing concerns about its ties with china the c. E. O. Is now speaking out denying any allegations of chinese censorship and accusations that the company shared user data with china the app is now shifting its focus to new markets as it tries to distance itself from being labeled a chinese up page its the social video that went viral seemingly overnight from singing. To dancing. The platform allows users to share 15 2nd videos doing pretty much anything. On the platform garnering more than 1500000000 downloads worldwide the fact that to talk grew so fast as a chinese native application was very surprising to technologists but its rapid growth has caught the eye of the u. S. Government lawmakers fearing that the app poses National Security risks with its roots in china and relationship with the Chinese Government is growing that the app is censoring content deemed offensive to chinas government including videos dealing with social and political topics personally i think that its very likely that talk has ties with the Chinese Government even though they havent they said they publicly stated that they dont is because you know just culturally the Chinese Government is is just everywhere it is it has imbedded itself in every aspect of society that the line between the private and the Public Sector in china is not so clear cut as it is here in the u. S. And while by downs tick tocks Chinese Parent Company is facing a probe from the committee on Foreign Investment in the United States tick tocks chief is speaking out in a recent interview with the New York Times alexander says. Its users dont go to the form for political discussion but this sort of content is allowed as long as it aligns with tick tocks creative and joyful experience and said that if asked to do so by chinas leader exceeding jinking he would turn him down but it appears that tech talk isnt as independent from my doubts as they say according to the Washington Post former u. S. Employees say that moderators of beijing have the final say although tech talk maintains that the content moderation for the app is handled by u. S. Employees now despite the recent scrutiny the app has still been downloaded more than a 1000000000 the half times worldwide 80000000 downloads right here in the u. S. Alone now the company is focusing on adding users in other markets outside of the u. S. That maybe arent so popular reporting in new york city each other as art. Or do you love that chicken from popeyes imagine how much the people in china my love it because popeye has no thought its 1st lease in china as it looks to take on k. F. C. The least in shanghai for its 1st store in china which by the way is scheduled to open next year the company says it plans to build 1500 restaurants in china in the coming decade but you know popeyes lets face it has made a lot of headlines here in the u. S. Lately not good ones with the release of his chicken sandwich which somehow we dont know how but somehow is constantly at the center of this and brawls d and in one case a deadly stabbing in maryland. Its kind of bizarre right that a lot about lengths to get some chicken right and then theres some videos of like workers there such a demand like there was one worker who was making the sandwiches over an open trash can because there was no Counter Space and it just feels like with all the hype around the sandwich is that a terrible job of creating a feeling around it that is people wanted and desire it and so we want to give it to them because its a positive thing instead of it being surrounded by this feeling of death and destruction i run a sandwich exactly and the thing is hype will always. Die down you cant sustain growth like this over hype because thats something thats artificial and thats all something thats only temporary yeah because this feels like anything like a black friday stampeders on something that only lasts for a couple days you would think exactly so now putting this in china the spot to be a very interesting experiment and well see how many Chinese People fight over it thats it for this time you can catch the must on directv channel 321 dish network 2802471 pluto t. V. The free t. V. Or as always hit us up at youtube dot com slash boom bust were going to chicken sandwiches well see you next. Time and i mean im going to. Wait dont assume. They could still move it to you. Plus weve got 2 dogs. In the distance made this the work of the day and im still optimistic that. This is the only thing that we do is music because everybody writes in his way. Or the film will sound as though this were here that you have the ability to put it on the. What i see is this is the fun that is what comes. This is a story about what happens auster a stray bullet kills a young girl in the streets. What happens to her family and daughters in florida the mother daughter is buried in a cemetery is healing messes with your head what happens to the community the public was screaming for a scapegoat the police need is a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court the. Shock shock as far as i feel. We dont know shell share this for. The end of this trial unfortunately you. Will still not know. How we she sent a military police to kill us like animals were not animals for them to kill us like that the death toll in bolivias antiquing protests rises to 27 as the country selfproclaimed leader gives the armed forces impunity when it comes to dealing with the rest