Going to happen here and what are the contagion effect of these persistently high unemployment numbers on the economy. Could have been brought back to listen lets face it the numbers are great but the economy is slowly reopening and what youre really have is a political battle youve got the democrat the love trying to keep the economy shut so its hard to get people employed when 0. 25 are really still kind of shut down its not logical it makes no sense its a bunch of political crap that unless they resolve it is going to be like this in the elections over they do not want the kind of open they do not want to give president drop any type of victory so the jobs get to really at this point meaning us watch the markets we know that the economy and markets relate but theres plenty of money being invested and markets are making new highs and again we now understand that its the politics that are holding these jobs back not the economy christine i want to get you to weigh in on the. Quickly before we move to the next topic you know do you see this is the v. Shaped recovery that larry kudlow is promoting and do you agree with that we are on the way back i dont think theres any. Evidence clear evidence of a v. Shaped recovery i think weve plateaued on the entire recovery front simply as it is it is a right now a political battle between the democrats and republicans trying to open the economy or not and right now because of that stagnated the entire stimulus package right now we are moving up at all but were not moving down at all either so we have plateaued on the entire recovery front but the fact of the persistently high unemployment numbers that is going to be very very worrisome and troublesome for the entire recovery story right now christine i want to move on to Something Else here ali baba just reported beating quarterly revenue and profit estimates thursday as traders continue to monitor the situation between the United States and china no ali baba continues to remain a potential target if President Trump makes further moves against Chinese Companies i was actually responding to this. Well i just reported spectacular earnings as this companys stock is actually up about 23 percent year to date right now its core commerce and computing business is still very solid as demand continued to grow as it is very on trend with this entire stay at home play so its domestic Commerce Business has not fully recovered to the levels and while computing revenues that group about 59 percent across the board year over year however despite this very very upbeat statement by management they reiterated that ali baba will continue to face headwinds from the Global Political landscape in the tensions between china and the u. S. Stated that they are closely monitoring this situation this latest shift in the u. S. Government policies towards Chinese Companies which is a very fluid situation at the moment but as for investors and traders theyre already getting a head start and theyre taking bets on chinas efforts to replace u. S. Technologies with indigenous applications to run its network so most recently state local state firms have announced plans and procurement aimed at fostering Homegrown Technology companies and its china is taking a more defensive approach right now as decoupling from u. S. Tech companies so chinese vendors stand to stand to gain huge huge amounts of market share as it quickly ramps up investment in r. And d. In critical Critical Industries such as semiconductors as well as servers. I want to follow up on that actual point that chris you just made there analysts are expecting china to replace all computers using u. S. Chips in the next 5 years so it looks like the future will have that decoupling that we just mentioned there what does that look like with the fragmenting of technology and protocols and who stands to benefit from it the company between the United States and china when it comes to tech. If you will the United States is the benefactor of all this again the Key Technology comes from us we have to share with them we are marked for the technology and they are more of our allies are more equipped. To go forward believe me china will suffer more than the United States will ever stop or through all this because again they are they come to me that wants to be totally by a dictator and by a full government and by the people so if you are going to it will not hurt the United States whatsoever and you get it again you can see it in the some of the sugar stocks here that really knows whats going to happen but yet even intel is big dollars it was making a comeback so if you look at this industry and you look at whats going on its more of the harassment and things that are going to have budgeted because markets are far too efficient not the price and if they suspect that theres going to a big problem with the changeover but u. S. Companies obviously want to be in china because its such a huge market base but that christiane moved to germany of course they. Had to move to germany now they reported that its about to try there theyre about to try their hand at a universal basic income study whats going on there so they reported that theyre going to start a 3 year study to observe this the effects of the economy utilizing basic universal basic income for about 1430. 00 for 3 years which is just above germanys poverty line so these people of the people who sign up to participate in this study they will be compared to people who will not be receiving these payments and jack to is to produce actual Scientific Evidence and if you are not so right now the opponents are saying that the people wont will stop working or this will incentivize them to find work very similar to the 600. 00 per week Unemployment Benefits that weve had meanwhile proponents argue that people will continue to do more fulfilling work so there are 2 schools of thought right now and this is an experiment of research to see whether or not universal basic income is something that should be applied in a situation such as this where you have persistently high unemployment all around the world so finland also experimented with this own form u. B. I. For nearly 2 years as well and they concluded actually that while it while. To people being out of work feeling happy as it did not actually increase unemployment employment or productivity at all so theres also the argument that you are also inherently inflationary and in attempting to move all of the individuals out of poverty it just not it just simply raises the poverty line so this would be an interesting experiment to contain a monitor i just saw you close your eyes to shake your head give us your quick 45 seconds on you. U. B. S. You have. Universal basic. Right i was wondering is that its a crock it never works this is the most the only place you have a chance to work was finland because theyve got enough of their own Natural Resources that they could have made it work and they did give it a good shot but again it does not promote productivity and promotes nothing it provides. Dont do enough and thats not what but Building Business and when earning money is about is about getting someone not to go to work going to job doubt that you should do and quit with all the freebies that square with all of the garbage and move forward as that of having everybody said oh im doing their thing drinking a beer and watching t. V. Boom bust coast christiane thought of Baba Horowitz thank you both breaking it down for us today. Regulators have delayed a ruling over how much if anything to find twitter for its handling of a data breach disclosed in 2019 twitter was set to become the 1st tech giant to face a fine from Irelands Data Protection Commission after the body submitted their decision to e. U. Member states in may but some regulators objected to irelands initial ruling which will cause a Broader Group of regulators to seek a majority decision as part of the use general Data Protection regulations rules introduced in 2018 regulators can levy a fine for violations of up to 4 percent of a firms global revenue or 20000000 euros whichever is higher than the initial issue stems from a bug in twitters android app where some users protected tweets were made public and the companys failure to notify authorities in a prompt manner. And meanwhile facebook is already settling one multimillion dollar lawsuit over its illegal use of facial Recognition Technology while its other social media platform instagram was just slapped with another massive suit over the same issue both cases were filed in illinois one of the 1st states in the us to pass privacy laws that protect consumers from Invasive Technology legal journalist molly barrows contributor with americas lawyer is following the story and she joins us now to discuss 1st of all molly we got to get to the bottom of this whats the gist of these lawsuits. I know what theyre both over the same issue but these are 2 distinctly different lawsuits although you know instagram is owned by facebook so facebook just last month agreed to settle a lawsuit and its preliminarily approved for about 650000000 basically they were accused of using that facial tagging app to illegally harvest data and collect it so they were sued over that theyre working on a settlement now in the 2nd lawsuit again instagram is the one facing this one and its pretty much very similar basically theyre saying that they used biometric collected biometric data using a similar face tagging tool and are collecting it and harvesting it both of them accuse the both are accused of doing it without peoples permission doing it without their consent which is why they went to illinois because they have a law that allows them to do that and thats why both of those lawsuits were filed in illinois so its interesting there are some similarities to the suits but there are definitely different you know what are the concerns surrounding the use of facial Recognition Technology especially when youre not talking about Something Like infringing on your rights in a legal standpoint youre really just talking about the use of it inside of an app to what they would say makes an ease of use situation. Exactly and so thats really a big question for a lot of people that follow all of this gathering of tech for instance you know you go on facebook especially during coronavirus we saw a lot of people sharing and playing that game of. You know post your picture now and post a picture through throwback way back when of you in high school or when you were a kid and it turns out the more i looked into it that actually helps them gather their biometric data if they can compare the way you once looked the way you look now they can start to tell the differences the nuances and of course theyll sell that information is being useful and is like oh its easy to unlock your phone this way the facial recognition act is a security tool and we heard about you being used in airports and we certainly want to dennis i people that are on no fly lists so i dont think anybody really has a problem with the fact that it could be useful and helpful but the real problem is what are the big bigger implications as to how this data is being used theres so much of it technology is growing by leaps and bounds and they have found flaws in the system theres not a lot of federal regulation some people are being misidentified and theres biases inherent in the system as well i mean there was a study done in fact of they tried some new facial Recognition Software brand on members of congress and it miss recognize it actually accused of false number of the people that they studied as having been arrested and most of those that were accused of being arrested which they hadnt been were minorities so theres some inherent concern about bias being in this Data Collection and just not know enough about it so if you have facebook and instagram collecting all this data and supposedly using it for your convenience there are laws which is why they went to illinois the biometric Information Privacy act theyre much more stringent theyre saying hey we dont really know what youre up to but you cant do it without users permission unless they gave you permission thats a no no thats why youre seeing those suits filed in illinois you know 1st because preliminary approval to settle the lawsuit it faces for 650000000. 00 could face up to 500000000000. 00. Dollars related to the other Class Action Lawsuit or fines like this is actually going to hurt the company. I think they look at it like what a shame you know really is just a fly on a wedding cake you know im not sure that it really makes a huge difference in the legal bills are tremendous they continue to face other friends in different places. But you know they made 18000000000 facebook made 18000000000 in ad revenue and their latest reportings quarter and so i dont think 560000000 is going to be its just a drop in the bucket compared to what theyre already making but it is one of the reasons actually that they ended up this preliminary settlement was settled with the court he said 650000000 they had to raise it another 100000000 because the judge was like look our law says you could collect up to you know 80025000 per person youre not even coming anywhere near that and anyway thats why the instagram Class Action Lawsuit the different one but thats why they could potentially rake in like 500000000000 because if they got the maximum amount thats provided under illinois law they could really rake it in but thats not what happened for instance in that other settlement with facebook that theyre agreeing to so they recognize that there is value to your data and so thats just a matter of trying to find a number that is significant to the consumer but these companies are making so much money is it ever going to be significant or a deterrent to them if they are up to no good i have doesnt seem like a week you continually see this with its molly barrows contributor to americas lawyer thank you so much for breaking it down its time now for a quick break but here because when we return the travel industry has been one of the most impacted by the copa 19 straight ahead we get some expert analysis on whats going on and as we go to break here are the numbers at the close. 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Welcome back there are few industries in the world harder hit by the credit virus then the travel and Tourism Sector without question 2020 will go down as one of the worst years ever for the industry but in reality we are only in august and still have a wong way to go already the effects are being felt in fact the Hotel Industry is warning that as a whole they are facing an absolute Economic Disaster and a desperate plea to congress submitted this week the industry claims that nearly 25 percent of all hotels in the United States are at risk of foreclosure simply put those hotels have loans that are at least 30 days delinquent or longer at the end of 2019 the same number was 1. 9 percent of hotels and this is just the beginning so joining us now to discuss this boom bust cohost investigative journalist ben swan and travel expert from money we have dot com barry choi thank you both for joining us today ben i want to start with you can you give us a rundown of some of the other aspects of the travel industry struggling right now. You know its kind of like a pick your poison kind of such a way. Right now it doesnt matter what part of the travel industry youre in right now things are going very very poorly you have the Airline IndustryQuantas Airlines out of australia saying that for this last year of this last fiscal year that is theyve actually lost 4000000000. 00 in australian dollars in terms of revenue thats about 2900000000. 00 u. S. Dollars and they Say International travel for them will not resume until the middle of 2021 the middle of next year you talk about the cruise industry you know the Cayman Islands saying that theyre not going to allow International Cruises to come in to the Cayman Islands until at least after december 31st of this year so it doesnt really matter what sector youre in everybodys taking it on the chin right now barry vera destinations like bali have that plan to reopen the tourism by september but overall are people actually traveling right now and will tourism pick up again this year or is everything going to shift to 2021 or is it going to be 2022. I think it really depends on where you live regardless where in the world you are i think domestic trouble is the biggest thing right now obviously mainly just because of border closures you know here in cannes i can only go to certain destinations u. S. Citizens can only go to certain areas but if you can stay domestic theres definitely an opportunity trouble and the interesting thing is a lot of these countries around the world theyve got their best laid out as ali was trying to open out later this month theyve already had a delay are through the caribbean and early so i can cope and i had the greek lows of borders so i think a lot of these countries around the world are see what other countries are doing especially in europe and asia and trying to decide what is the best course is that he said maybe thats just you know recalculating maybe focused on 2021 ok some domestic and just hope for the best for now and now but i want to go back to the Airline Industry now we know that Smaller Airlines worldwide have been struggling is there any sign that things are Getting Better for airlines especially in the u. S. Where congress that has already given them a bailout. Well congress to give a huge bailout to airlines as you know and the reality is that bailout actually had some Strings Attached to it which is that they could not lay off certain workers and they had to continue to provide service for customers up until a certain point that certain point september 30th well as of october American Airlines has already said theyre now going to cut flights to 15 different small cities across the u. S. Because starting in october theyre no longer bound by part of that 25000000000. 00 that they received you know in part and so i think thats one of the issues that we look at whenever Congress Comes in and bails out these these companies they do it to extremes to it but as soon as that time runs out its customers who are left are waiting now and so we dont you dont necessarily blame the airlines for the decision that theyre making they have to make Business Decisions here but its bad for customers all around and then we look at airlines around the world you know Smaller Airlines like over in the u. K. You have easy jet and ryanair which both right now are struggling and dont even know if theyre going to be able to stay in business at this point i dont know barry you being a travel expert you also deal with personal finance i assume youre dealing with people regularly what about these airlines begin to cut these routes because if air travel becomes more complicated for travelers wont that simply weaken the willingness of travelers to use them what im asking here kind of is are airlines about to find themselves in a very vicious cycle. Definitely but in the end it comes down to business decision you know theyve got to remain profitable and if theyre finding that the smaller destinations smaller airports are making the profits to have to come in you know everyone talks about government sanchez you know they held out to certain extent certain conditions that when that money runs out they need to think about their autumn life so unfortunately that means people who live in the rural areas the small airports are going to be cut out at the same time maybe that means airlines can consolidate at their major hubs and refocus you position their search carriers and focus on routes that will be profitable right now though where are those routes going no one really knows based on their courage and so even if you want to travel youve got to go any courts you. That exist in other countries are returning home and what local regulations that are currently in place i mean air travel seems to be certainly complicated right now and it may be bad there is one Silver Lining for the cruise industry is that a new survey shows that the vast majority of past cruisers surveyed say that they plan to cruise again before the end of 2021 thats some good news right. Well it is good news certainly for the cruise industry it demonstrates you know that a lot of people are anxious to do that again in fact that number is 86. 6 percent of those surveyed said that they were going to cruise again before the end of 2021 whats interesting also because of buried in those numbers when you dig down on them though is the fact that those same majority of people say they do not plan to fly to the destination to get on the cruise they would rather travel in a different way or take a cruise thats closer to where they are rather than getting back on an airplane so i do think you know through all the talk of what it means to create safety protocols and just traveling in a safe safer environment is also somewhat of a turnoff to people because there are so many hoops that theyre jumping through in order to travel and so the fewer steps you have to take in order to do so it seems like thats where people are leaning very what are you seeing with the cruise industry because its kind of a selfcontained vacation you go get on have all your restaurants you have all your detainment all of that taken care of and the people who like cruises as we see for that survey really love cruises what do you say in there. You know i have to agree with the survey i talk to anyone who loves a cruise and theyre they cant wait to get back a lot so with the cruising industry theyre basically going to have to appeal to their core audience to move before they want to make sure this audience these customers are going to feel comfortable republican me on to their careers and what would that mean social distancing or maybe implementing more community as far as new customers are concerned theyre probably like putting them on the back burner right now they realize it can be very difficult to attract so theyre probably not to put a focus there so theyre really working just on that were going to sit around and rebuilding their brand after all the negative press they had because a cold 1000 travel expert barry choi cohost ben swan thank you both for joining us today. And fired me are you one of those people who feel overwhelmed when you watch your favorite streaming site do you generally spend more time sifting through title that you actually spend watching content. Actually me right there and if youre like me you may be in luck as tech crunch has confirmed streaming giant netflix is testing out a new shuffle play feature now according to reports netflix will look at what youve watched in the past as well as things you have saved on your list and decide the perfect fit for you might even grab a random episode of a show you watch regularly now there werent any broader details on a roll out of the program to come but the company did tell the burj we run these tests in Different Countries and for different periods of time and only make them broadly available if people find them useful and thats it for them you can catch the bus stop to buy another brand new portable t. V. App which spilled on smartphones and tablets through google play and the Apple App Store by searching portable t. V. Portable t. V. Can also be downloaded on a newer model Samsung Smart t. V. s as well as roku devices or simply check it out at portable t. V. Well see you next time. You will be a reflection of reality. In the world transformed. What will make you feel safe. Isolation if you didnt cheat. Are you going the right way or are you being thats. What is true. Is faith. In the world corrupted you need to descend. To join us in the depths. Or in maybe the shallowness. And report some are sold. Siri. Today were going to be talking about the banning cell of money sovereign seeing some cost of the Software Alliance joining us very quickly will be a lot of key stuff. Ah no team no crowd. No shots no. Action just felt. Well its true no difference to a. Point ch your thirst for action. Crazy. Going to let me go. He just took out a syringe and. Made a shot but heroin. I have been waiting for the moment of complete and total societal collapse i never knew it would happen this. New york alone has become a place of dozens and dozens of demonstrations were driving through brownsville one of new yorks neighborhoods that has the worst homicide and shooting rate in the city. I know youre going to grow up in america knowing. That oh my god this is the most of the seems to go. Away think were going to get a 2nd grade so were not even done with the 1st wave. Book Little Movement going to be funny little bits and mass whats going on behind those walls the richest country most powerful oil and yet it has the worst response theres there while countries that i dont. Worship room to get more used to here doing nothing about it the level of deaths are going to be so great. That dad i were going to have to bury that maybe and part. Maybe in potters. This truly has become a grim symbol of the current condemning in new york. A russian Opposition Leader urges citizens to keep the pressure on president. With more. Protests but theres also a growing show of support for the leader. We stand for and. Only with peace and tranquility will be able to survive. With people. And living in migrant camps i believe. This is really a revolution. Doctors give the green light for alexina to be flown to germany for treatment the opposition figurehead. Tests room