Traditional currencies are facing fluctuation amid the pandemic how is fin tech sharing we take an expert look at the state of Digital Currencies and how big this standing wave attack showed today so lets dive right in. And thousands of demonstrators took to the streets of hong kong on sunday to protest chinas newly proposed National Security legislation for the City Local Police reported at least 180. 00 arrest mostly due to Unlawful Assembly and Disorderly Conduct in a public place as protesters wind the streets of a popular shopping district in the city now the National Security law in question would ban succession and subversive activity as well as taking on foreign interference and terrorism in the special Administrative Region on monday the chairman of the Standing Committee of Chinas National Peoples Congress said the legislator is committed to passing the law. Should. Remain committed to upholding the law based governance in hong kong and the. Constitution in order to. Special Administrative Region stipulated. By johnny sic last week find the system for interpreting the basic laws by the in. And establishing. An effective in force and mechanisms National LevelNational Security is huge to regions. And the prospect of mass protests similar to what we witnessed in 2019 set hong kongs hang seng index into turmoil on friday alone the index lost 5. 6 percent its worst performance since july of 2015 meanwhile officials in the United States have taken issue with the proposed law secretary of state mike peo said last week quote called the proposal disastrous and wood said it would quote be a death knell for hong kongs autonomy and during an interview with n. B. C. On sunday white house National Security advisor Robert Obrian said its hard to see how hong kong could remain the Asian Financial center that its become if china takes over adding the u. S. Could impose sanctions on china if the law is passed under the hong kong human rights act of democracy and democracy act of 2019 a spokesperson for Chinas Foreign Ministry responded the possibility of sanctions saying if the u. S. Insists on hurting chinas interest china will have to take every necessary measure to counter and oppose this so lets go ahead and get some expert analysis on the Economic Impact of the law and the resulting protest with john quelch dean of the Miami Herbert business. Been in this situation before last year the markets were able to absorb that surge of demonstrations in hong kong if you look at the hang saying at the moment its around about 2122 percent off its 52 week high which is about where the dow is off of its 52 week high so i dont think we should necessarily exaggerate the amount of financial damage the markets are going to suffer in the short run are and now kristie i wanted to come back to this now hong kongs finance chief has actually argued that the National Security legislation will actually help improve bit the Business Environment rather than harm it how do you see that happening. Well there is a lot of fear and concern over the uncertainty of these new laws but a big portion of it is being twisted out of context saying that this is aimed at limiting hong kongs autonomy and freedoms and while yes it is undeniable that these new resolutions are aimed to prevent threats to National Security by outlawing acts of secession and subversion which then can be taken as limitations to freedom of speech the main purpose of this however is to protect the general public while targeting the minority of people who are suspected of threatening National Security chief security john lydon pointed to the growing localist terrorism in the city as there had been more than 10 cases involving explosives since last year now the raw material news and the method of attacks were all very similar to terrorist incidents in Foreign Countries so at the crux of it the main focus is really at National Security and protecting the public and ensuring Business Continuity with in hong kong so the hong kong mr asian is still expected to continue to uphold the freedoms of information speech and ensure the rights of Foreign Investors in hong kong and that has not changed at all so in a lot of ways this is being dramatically twisted and blown out of context like the slippery slope fallacy now dean quotes hong kong is home to thousands of u. S. Companies how are they fairing in this this uncertain climate i mean after investing hundreds of millions to build out and establish an asian h. Q. Do you think theyre going to completely abandon it or pull out i mean youre saying this is kind of overblown economic reaction or do these business is actually have the long view that this is just another bump in the road. Yes around about 275300 u. S. Multinationals that have a Regional Headquarters in hong kong these days a Regional Headquarters tends to have a much lower head count than a dead around about 5 or 10 years ago and many of these Regional Headquarters and now Greater China headquarters the a. Z. N. Headquarters my. In singapore and there might be a separate unit overseeing japan and korea the fact is that the asian market is now so enormous that a single Regional Headquarters just doesnt do it i dont i dont expect to see Many Companies abandoning hong kong for singapore at this point the Greater China market is so important and proximity to the Greater China market is essential expats prefer to live in the hong kong and now kristie i wanted to actually get your follow up on that what do you make of this situation how is this going to affect business as the asian business h q. Well in terms of business i think Professor College was right i dont think that this would result and Companies Pulling out however this is very this is very crucial in terms of it being a Financial Hub because as we know of instance the largest Equipment Capital for finance in asia and the fact that i. P. O. s it within hong kong dominate and surpass that of the new York Exchange years ago so this is new regulation means that it will be viewed as less attractive as a form of Investment Capital and assets or so from now on in quotes actually kind of want to hit on a little bit of a different story as well revolving around china u. S. Relations after resisting pressure from the u. S. Prime u. K. Prime minister Boris Johnson is apparently preparing to phase out the use of weiwei equipment from the u. K. 5 g. Network what happened here and what do you make of that quick switch. So i think as relations between the us and china are a becoming much more negative in a in a very multidimensional way its no longer the case that the tariff war is the sole focus of those disagreements certainly the effort as been made by the us to turn the screw on the huawei which in a sense is chinas Flagship International company and what were seeing here is i think the us is lining up its allies and we saw australia last week lining up and were going to see the u. K. This week lining up i think its just all part of the effort on the part of the u. S. To get it stocks in a row so to speak and whats going to be an ongoing an ongoing confrontation with china at least for the foreseeable future until the election and now kristie i want to your follow up on that one as well i mean is this all due to the pressure from the u. S. That the u. K. Has made this decision or is it something autonomous on its own. Well this is probably the latest of the Political Drama between china and the us the u. S. Is certainly putting additional pressure on the u. K. And they even furthermore they even blacklisted several more companies over the past weekend that were accused of spying and having the support of the Chinese Military and so those who are particularly focused in the fields of Artificial Intelligence and facial recognition so what that means is that these companies are now prevented from buying us new technology on the grounds of National Security and basically theyre forcing the same regulations that they previously put on way and presenting it in that sense saw among these Companies Added to the lists now arent she who an Internet Security company and cloud mines a Cloud Computing company so a lot of this is just further more evidence that the u. S. Is now submitting to the u. K. To show or to try to shall that these technologies are going to be very dangerous and that the u. S. And the u. K. Should all be very worried about china and this in their Technology Dominance especially in the age of 5 g. And a i where if you have better tech that means say you know more political our robust cohost christiane and john protein of the Miami HerbertBusiness School thank you both for breaking that down for us today. In the Trump Administration announced sunday the u. S. Will ban entry of noncitizens traveling from brazil as latin americas most populous nation has recently seen a spike in crow virus cases the new rule will take effect late thursday and these new restrictions will only apply to noncitizens who have been in the country for up to 14 days before attempting to enter the United States so lets take another global look at the trends and spread of the corona virus with r. T. Correspondent saya tavenner lets start with brazil where we today. Brand the World Health Organization has declared south america as didnt you. Epic center for corona virus specifically with brazil being the hardest hit in fact this week they passed both spain and italy internal to total confirmed cases and is now number 2 in the world surpassing 3 165000 cases and with over 22000 deaths a lets take a look at whats going on in brazil in details now on may 22nd so far they had the highest cases so far with over 22000 just in one day and moving over to deaths were seeing in brazil in just one day on may 21st they had over 1100 that its so grand whats even more troublesome is that all of these numbers that you see behind me that very scene behind me is that brazils testing levels are extremely low and to give you an example in comparison here in the u. S. Has run about 45000. 00 tests per 1000000. 00 people now in brazil that rate is only about 3500. 00 per 1000000. 00 people so many Health Officials fear that the real numbers there might be at least 20. 00 to 20. 00 times higher than reported and specifically the Indigenous People in more rural areas many of them in the Amazon Region where people can only go to the hospitals by boat or an airplane are out in a concrete risk and whereas the death rate elsewhere in brazil is about 6. 5 percent in the amazon thats about 12. 6 percent you know youve been tracking whats happening throughout the rest of let them or america where the numbers theyre. Taking a look at a lot america its not just brazil its the entire i should say south america thats also extremely vulnerable where the continent has a population of over 400000000 people so peru has reported. 12 highest number of cases in the world with over 120000. 00 confirmed cases and thats even more than china and chill day is reporting over 73000. 00 cases now looking over add it could be or never seen the most deaths per capita in that region with an 18 per 100000 people and then colombia has over 21000 cases argentina about 12000 bolivia 60 to 100 venezuela i live in a 100 and paraguay and youre go a they have about a 1000 less than 1000 cases and again what the problem is that many Health Officials say that these numbers are actually a lot higher than reported on Health Care Services are reaching full capacity there and shortages of personnel and equipment may become a serious concern but just like any other region that were seeing now south american countries are facing a very tough balance between keeping the economy open versus curtailing the spread of the virus and no moving back up to the u. S. Here we had the big Holiday Weekend where actually monday today memorial day people were hitting the beaches and going out and kind of it appears that people may be getting sick of the whole social distancing measures whats going on there so over the memorial weekend theres been packed crowds at beaches and florida maryland virginia and indiana and most without even wearing a mask and not been taking any kind of social distancing either and it wasnt just the beaches brand a video clip taken at a lake of the ozarks and missouri and posted by a local Television Television anchor showed party goers packing a pool so it really does appear that a lot of americans have forgotten about the dangers of the virus and how it spreads our to correspondent sites ravager thank you for keeping us up to date. I know for. A quick break but hang here because when we return is traditional currencies are facing fluctuation amid the pandemic how its been tech berry we take an expert look at the state of Digital Currency then how big point of spending will be right back in a flash. Id like it when the hosts ask a question for the guests and then actually listens to the guests answer and then react to that answer a follow us Dennis Miller here ive got a new show. On larry king question being listening learning you know ive always said i never learned anything when i was talking its important to a list of. Questions and more. Ive seen the horrors that arise with money and evil. Corporate criminals who trash countless lives to add just one more dollar to their billions. They threaten they bribe theyll do anything to keep their crimes in the door but the people theyve heard are demanding justice their stories need to be told on americas lawyer. Listen stumbling online algorithms dictate what you get to want to go to portable dot tv slash download to get killer television its completely free im talking Award Winning comedy awesome Sports Coverage in sight so friends dont taste like red berries on a spring day take so hot burner faced off down the videos more added by the hour did i mention free its free go go get it horrible t. V. Im holland cook i invite you to climb with me part of the Mainstream Media mire and from that higher fan to each to glimpse the big picture question more. And welcome back it looked last week like big quinn was about to finally break back through the 11000 dollar mark but it didnt quite happen and now the Worlds Largest crypto currency has dropped back to around the 9000. 00 level so what happened and what will it take to get bitcoin to break out of this current spot joining us now to discuss our bus cohosts christiane and ben swann are crypto experts and we have a lot but you guys are the best now kristie i want to start with you what happened last week and where are we headed this week. Well brand declines rally got rejected at around the 10 k. Mark and that is a major level of resistance that weve been banging on for a couple months now so were consolidating right below that in the made a thousands now so the entire reason is because miners are the ones right now contributing to the selling pressure theyre now selling more than they my and part of this is because the break even cost of a quote mining is now at about 12000. 00 following the having and given that the price of big point is actually right now nowhere near the 12000. 00 mark this means that miners will have to sell portions of their existing supplies in order to cover operational costs so in the cup the currency market right now there are 2 completely unmatched sellers miners and exchanges so minor sell into the market in order to cover their costs and exchanges tax the traders and sell on to the market right now the miners rolling inventory is above 100 percent which means that the miners are spending more big point than usual so thats going to remain a temporary overhang on declines rally on tell that its all its now bet at least one well known investor is warning people to stay away from big corn peter maluco the chief Investment Officer at Wealth ManagementFirm Creative planning told c and b c that every bear market presents opportunities and its tempting particularly for younger generations to look for speculative assets now there is no need to go over into the speculative world it can be quite become a trap for speculative investors. Well i think big point can be a trap it just depends on how you view it look easy buddy who views it as money flipping is obviously going to find themselves in a tough spot thats what happened in 2017 when you had a lot of people who got into it because they wanted to make quick money get in at 1. 00 price and then watch it you know jump up 234000. 00 and then jump back out again but thats not what the coin is the heres the weird thing about when when investment experts start warning against that coin if you go back over the last just the last 5 years and look at the value of what bitcoin has done and the growth that it said it is outperformed every other currency in the world its outperformed gold in fact if you take the biggest stocks out there amazon goog. Well netflix outperforms all of them over the last 5 years and then vestments or about long term plays its not about making a quick buck so the idea that its not a good investment doesnt make much sense now there is volatility in the market theres no question about that but if you look at it over a long period if you get into that corner you say im going to be in this for at least 5 years maybe 10 years that i think so far history tells us its a pretty safe bet you know kristie the World Economic forum revealed its presidio principles on friday block chain bill of rights according to the nonprofit focused on fostering diplomacy and International Business partnerships what of this block chain bill of rights actually do. Well this one certainly interests and its kind of a step for regulators in order to try to contain what role blocking will play in the future so the World Economic forum is now creating this bill of rights in order to lie and by that sector leaders policymakers and consumers and this vision of how cute as can be protected as blocking develops so right now the outline of this is primarily focused on the right to own and manage data the right to Data Protection the right to information about the system and the right to understand available resources and while all this sounds well and good like a big step forward for the industry those community really cant help but wonder if this is all kind of fluff because the entire point is to manage your own data and a trust list system so you own your own data and big quite as meant watching as meant to cut out the middleman. Brokers cut out all of the intermediary so it does seem like that theyre trying to fit something that works completely fine on its own into the existing system where theres additional Regulatory Oversight and additional oversight on top of that even though the system this trust the system really doesnt need that. Yeah it was going to say i think thats a really good point i think its important for people to remember that exactly what chris he just said that the core of blocking technology is to remove government and remove authorities from having control over the system because when any government or authority has control over the Financial System the Banking System the legal system Media Systems whatever the systems are whenever you have authority thats in control of it they can to some extent game that system and control it and they do weve seen it happen time and time again so the whole point of the blog chain system was to protect against that the idea that youre going to have to now create a bill of rights that is then somehow subjected to some kind of agreed upon the World Economic authority gives me a lot of pause about what this is actually about is this actually about creating Greater Transparency is it about us owning our own data or is it about trying to insert a centralized authority into the block theres certainly a lot more. That is going to say that its about inserting an additional arbitrary auditing system that these regulators just try to implement on top of the system that works perfectly. And already has the trust of this entire network and the consensus of the entire network on top boom bust cohost ben swan and chris thank you both for joining us and breaking that down for us. Thank you. And finally esports has become more widely accepted as professional sports has been mostly shut down due to the pandemic in the world of race car driving this is even created the opportunity for professional drivers to get behind the wheel of simulators while still taking on fellow drivers and competition now weve spoke about the millions of viewers nascar has received as they broadcast these events instead of real racing but unfortunately this can create the opportunity for cheating and that is exactly what happened in formula e. s race at home challenge driver daniel abt has been disqualified from future events required to forfeit all points earned during these events and ordered to pay 10000. 00 euros to charity for illegally hiring a professional sports player to compete in an official race now according to the b. B. C. The 27 year old driver hired programmer lorenzo horsing who has also subsequently been disqualified from future events in the series called challenge good because of the scandal fellow drivers had suspected of using an imposter and called attention to the situation abbott for his part apologized for not taking the situation and the races seriously and thats it for this time you can catch boom box on the brand new portable t. V. Apple built on smartphones through google play and the Apple App Store by searching portable t. V. And portable t. V. Is adding a whole channel dedicated to gamers around the globe portable t. V. s gaming system is powered by watch mobile watch mojo one of the most trusted names in games youll see new came in content gaming news and even who will be reviews so download portable t. V. Now this is your resource for everything gaming and to get our live r t america programming as well keep an eye out for a variety of content coming very soon now a portable t. V. See you next time. Chose seemed wrong when old quotes just dont call. Me. Yet to shape our lives betrayal. When so many find themselves worlds apart we choose to look for common ground. Tough and the full interest in my fellow swayer both of us who. Benefit so smooth to. Close in this way got to dog so hard not to think of the mother disappeared this is the work of that hour and i dont miss torsen if. This is the only thing that we do is music because everybody fights is moving way. To. The floor lookin for the feet who found his will for this would be a drug called the ability to get a hold on the. But i think is this is the funds that is all come from. Welcome to redact of the night this is a comedy show where americans in america covering American News are called foreign agents last week donald trump gave a brave press conference where he boldly declared america leads the world in testing even out a gorgeous banner made to compute were going to think maybe people dont know this but you put something on a banner that makes it true which is why i had a banner made that lead camp does not have to pay taxes despite having such a massive. Banner works like a charm half for the banner words like a charm i still dont have a massive duck but one can dream think of all the fun we have together so america is not leading the world in coronavirus testing but we are leading the world in coronavirus dest does that count that we get a prize for that you know maybe a decoder ring or plastic spider to scare your friends. Were probably also close to leading the way in the level of unemployment increase during the fan demick so theres Something Else to be proud of right now we have to ask ourselves is there another way we could be doing things right now is there a better way yes of course paris lets take a look at countries that dont have corndog brains look at denmark denmark has had almost twice as much testing per capita as the United States and fewer than half as many deaths per capita that would mean around 40 or 50000. 00 extra americans have died in the past few months because we have not dealt with this as well as denmark that 169 elevenths that could have been stopped if we hadnt behaved like idiots but death is not the only problem caused by this pandemic