China the white house publishing a National Strategy for critical and emerging technologies the plan claims to be a path for the u. S. To protect what it calls its Technology Advantage including Artificial Intelligence to quantum information from other countries in the document the white house says china is not only dedicating large amounts of resources in its pursuit to become the Global Leader in science and technology it is also targeting sources every United States and allied strength in 2017 china released a plan amy to be the world leader in ai by 2030 hoping to catch up to the u. S. By this year and now sweden and other u. S. Allies are backing away from by walk by products u. S. Has alleged the company poses security risks potentially being a tool in which beijing uses for spying but sweden is also home to ericsson one of wall ways largest rivals Chinas Ministry of Foreign Affairs spokesperson on wednesday said a new ban on its 5 g. Technology violates in. National economic and trade rules group owns a good sweeter side use National Security as an excuse to discredit Chinese Enterprises in an old warranted manner openly suppress Chinese Telecommunications companies and politicize normal business Cooperation Without any evidence china was swedens 8th largest exports the country made up 10 percent of while ways revenue the u. S. Is reportedly giving brazil incentives to block wildly from the country officials from the Export Import Bank of the United States signing a memorandum for financing up to 1000000000. 00 analysts say while wall way is exploding in china its International Hurdles will make it difficult for the Smartphone Company to remain number one its still them in the 2nd quarter being up there as one of the leaders on a global basis in phone sales but outside of china its become very difficult not only because of the fact that there are sanctions in place but because of the fact that people are losing confidence in the huawei brand over the weekend china adds export restrictions to its set of laws the legislation is set to go in effect december 1st aims to protect National Security the lot may impact Foreign Companies doing research in Mainland China this includes alphabet which has a Google Research lab in beijing on the heels of releasing this new smartphone thursday some analysts say this might be the last phone for a while weight despite sales growing 50 percent in china u. S. Sanctions that took effect last month while way off from processors these suppliers rely on u. S. Technology for their operations reporting for boom bust natashas sweeps are to. Take a deeper look at this lets bring in Cyber Security expert and chief security advisor for sentinel one morgan right maureen good to see you my friend washington continues to keep its pressure up against the Telecom Giant wall way this time its offering money to brazil to block walk away financing up to 1000000000. 00 what do you make of this. I say its about time i mean china has been doing their belt and Road Initiative there to favorite tactic is dead diplomacy to get these countries theyll build Infrastructure Projects theyll build roads they give them Telecommunications Technology and then sarah the bill comes due and when the bill comes due many of these people cant pay these countries and so china negotiates porch deals you know a military base deal so i say its about time to take off the gloves use the power of the the economy that the u. S. Has and engage in the same tactics china has been and one of the ways to do that is block the president s and block the deployment of huawei in south america on a lot of u. S. Allies weve seen in the last few months and since last year they they did start banning the equipment from their 5 g. Networks we then became the last country like we heard natasha to ban it japan and australia also banned it already and the u. K. Said that it will move to ban it by 2027 do you see more and more countries following sue and giving in to u. S. Pressure. You know i dont know that its exactly there is some us pressure but i think what theyre saying is that people have this mistaken belief is that everythings ok right now if they deploy the technology theres nothing wrong with it thats not the problem it doesnt hurt to be number one but it doesnt hurt when youre the only one if you own all the roads going somewhere if you own all the bridges going somewhere eventually you will start setting the tolls you will start setting the regulations and this is the biggest concern is long as hallway continues to subsidize the deployment into countries because again at the end of the day its still a financial calculation they have to make you know heres some technology but its the lowest price so this is about a preemptive strike against them getting massive market share in order to set the standards and to start regulating it and i will tell you maybe its not a Security Threat today in the traditional sense give it 10 years because china doesnt think in one years or 5 years they think in decades it will be oh it will be a huge issue 10 years from now omar and weve talked about this here on the show a lot whether or not it actually is a Security Threat much like youre saying even if it isnt now it could be later not to say that theyre not because they very well could why hasnt the u. S. Government showed are provided any proof to the American People or to the public they say they have it the u. K. Just a few months ago also said they found evidence that it was a National Security. Rask. You know and there are some interesting things going on behind the scenes this is very geo political poll and the polish Intelligence Service did an entire analysis and they came out with their own statement about the the Security Issues that they were concerned about what this isnt as much a security issue of the technology as it is a security issue of the company and the country providing the Technology Look inside china you just showed a little clip about google an alphabet having Artificial IntelligenceResearch Centers there its called simple military fusion anything developed inside china is expected to be given to the government eventual ends up in the hands of the military but if you want a level Playing Field sarah allow reciprocity you know how much stuff is banned inside china that we allow them to put into our networks and into our ticktock for example Facebook Facebook is banned is china but to talk is allowed in the United States weve got to start looking at reciprocity to say if you want to really level the Playing Field lets open the markets but as long as they have a closed market i think some of these tactics are entirely appropriate how do you see this being different as to what the American Tech Companies doing giants do it and working with the u. S. Government thing this before with microsoft years ago for example. Yeah you know theres a huge difference there too because there is no law and theres no expectation that says if microsoft develops Artificial Intelligence that they have to by law give it to the United States government they dont microsoft is doesnt have to sell it to the u. S. Government google doesnt have to sell it to the u. S. Government the rules are far different inside china civil milled to Civil Military fusion you are required as a Chinese Company or doing business in china to share your intellectual property your research with the Chinese Government if that happened in the United States if the government came in and said hey google we like your algorithm youve got to give us your search algorithm that be a nonstarter to be a huge court fight again id really like to see if they merican public to see that happen more and i do want to ask you one more question apple just unveiled their latest i phone with the 5 g. Capacity does the u. S. Actually have the infrastructure for 5 g. Yet please clarify. Oh yes they do and i have a him anxiously awaiting i live out here nor there virginia so im looking at 80 and t. And verizon and there is some deployment of 5 g. Because see some of the coverage maps and yes theyre starting to put it out there i think chicago was one of the very 1st places to have it now its in d. C. Now its in major metropolitan areas so we have it deployed whether or not we have the ability now to scale it nationwide as quick as we want thats going to be an issue of price capacity for the equipment and budgets you know right now in this down time sir as you well know because youve reported on it budgets are kind of tight with everybody so were going to have to see how this deployment goes but yes weve got the capacity weve got the companies we just need to do it on some say it wont be as fast necessarily but i guess itll be up to the person to to actually go out and buy the new i phone again right Cyber Security analyst and chief security advisor for authentic get to see my friend. Good to see sara. U. S. Unemployment numbers are in with an unexpected dip below 8 100000 last week u. S. Commerce Department Data showed 787000 americans filed for jobless claims beating expectations while the number is still high unemployment pilings came in below 21000000 for the 8th straight week this is the lowest level weve seen since the start of the pandemic back in march this comes as markets react to us speaker of the house nancy pelosi is comments commenting on stimulus and she said the deal is just about there but shes warning the deal would take a little while to be sorted out. This. Did not happen. And if we were not making progress and spend 5 seconds for solutions and i say that in french to the secretary rice would that even be true and he said the same thing to me why would i even be talking to you if we can resolve some of these things in the next few days you know take to write the bill. For more on the stimulus and Market Reaction were joined by chris mulan founder and chief Market Strategist of the technical traders dot com and Michelle Snyder managing director of Market Gauge Group and author of the bust selling book plant your money tree a guide to growing your well thank you both for being with me today michelle lets start with you we just heard what House Speaker nancy pelosi said that the deal is just about there but its going to take some time what do you take from that. I never really had any doubts that there would be something passed before the election because i think both sides have to weigh what they have to lose if they dont come to the table and theyre so close but more importantly and this feels like something right out of prison awesome world is a rainbow at this point but we can see whats happening in the market and the market is just rising on all of this talk and all of the hope and today was classic because not only is it rising its where the money is going that im finding more interesting and that is because the optimism is showing up in the small caps transportation and the Retail Sector as well so money is rotating out of the strong tech fank stocks and thats really a value versus growth which is ultimately healthy of the market so at this point i would have to say that im happy that follows you has changed your deadlines in ringback the 40 hours to move forward and i think theres going to be something happen and i think the results of that not happening at this point what really made everybody just look. Weve got 2 weeks to election right the economy needs help people need help businesses need help chris what point do you agree with what michelle thought i one point is there an actual cut off though were less than 2 weeks away from the president ial election when will one side or both sides do you think just kind of give up or do you think this passing any time soon. Yeah i agree with michelle in terms of i dont think theyre going to just pass on i think they really are trying to help the people so they no ones going to back down i dont think where whether they get it done in time before the election thats thats going to be a tough call i dont think they will i mean obviously theyve got a lot of work to do writing a bill is not something that happens overnight and were not that far away i dont see it happening before the election but we all know its coming and its retroactive for people who havent who qualify so i mean its not the end of the world i mean its all the talk right now but really its coming and people will get it hopefully soon enough. Or after the election you think before the end of the year i do yeah well lets hope because much like were saying the economy definitely needs it michel these weekly jobless claims that we mentioned they dropped to the lowest level since the pandemic started in march now theyre continuing claims also dropped but the pandemic of urgency claims number actually thord how should we interpret these numbers now hows the situation with unemployment is it actually Getting Better or not. Well its a mixed bag whats happened with the emergency that a lot of workers who had exhausted it have moved into this Pandemic Emergency Fund which gives them an extra 13 weeks as their 26 weeks to use here as well or just simply trot out all of us have gone for us i actually think it can being somewhat optimistic that a lot of seasonal jobs that are starting to open up for example target has announced a whole bunch of retail chains announce rolling all employment that theyre seeking for the season im hoping they can win stimulus and just jumping on what christmas that something will have the end of the year with a retroactive that even that will start to settle out and i would rather focus on the positives and negatives well chris the markets also responded to this the dow recovered from its earlier 170. 00 point loss this palosi thing all that progress is this Real Progress or kind of more political theater to 2 fake algos that are driving these things in the market as the market can continue to go up from here. Yeah i mean its definitely good news the markets i think weve seen a pullback for a couple weeks more or less 70 days trading days here and people are waiting for stimulus plan before i think new money really gets pushed into this market we know its coming but i mean people just arent ready ready to jump into the stock market yet overall i mean i think were looking at the stock market is going to kind of chop around in till we get a stimulus plan until the elections and then i think its probably going to be off to the races again we are seeing some strength we have strong patterns on the charts from a technical standpoint were still in an uptrend so this is just a pause we have had a really good run in the last 4 weeks so this pause is nothing more than just a bullish consolidation people are waiting for stimulus plan before they want to commit more money to the to the stock market and typically it is during this time election time that the season where markets do perform pretty well michel i want to turn it over to europe and go overseas where equities slumped near one month lows on thursday as covert cases will they continue to rise there mackenzies a recent survey warned that at least half of europe small to medium sized businesses could enter into bankruptcy proceedings next year as the recovery obviously is stagnated it will plunge g. D. P. By as much as 8 percent the does europe have enough try powder to unleash more fiscal or monetary stimulus in order to avoid the sort of collapse. I believe look artists and so they have a few things. One is they can go negative traits topped out to know is that they also have something similar to what the fed does here in that they can actually troubled assets to ask purchases. And also they mention about 750000000000. 00 or so of recovery funds that the use of borrowing against for a long is in grants so all of that means that there are no where are job and just. The United States is just amazing how much can come out of the woodwork to help the market there really does seem to be this global consensus that not only do they not want to see economic carnage they dont want to see their markets and part of their currencies carnage and thats really the biggest threat that we have really all over right now is what happens the election if its tested what happens with the u. S. Dollar versus the on horse euro these are the bigger threats right now in terms of Everything Else seems to be whether you want to call it not is helping right chris before we. We run out of time over in asia the i. M. F. On one say they downgraded its forecast for a package to negative 2. 2 percent in 2020 they seem to have been performing pretty well whats happening here whats happening in china. You know theyre just theyre just really small lacking in progress i mean they got downgraded in june to 1 point 6 percent which was really bad and then just recently now down to 2. 2 percent negative which is obviously theyve got some big strong signs that theres theyre struggling in there and theyre seeing a large contraction in india in the philippines malaysia and really the i. M. F. Came out and they were talking about how theyre just theyre not firing on with the same power and all the Different Countries so theyre looking at really a multispeed recovery some countries are doing really well but india philippines malaysia is struggling really and so its a real mixed bag and obviously those are pretty big countries so its heavily weighted on them and thats pulling their forecast way down and isnt a lot of investors keeping an eye on the u. S. Recovery as well a lot of the stimulus talk and Everything Else going on really busy for them chris firmian founder and chief Market Strategist of the technical trader thought com and i thought Michelle Snyder managing director of the Market Gauge Group thank you both so much for being with us today and breaking this down. Take care sir thank you. Time after a quick break but when we come back on the rise again heading 13000. 00 will turn to our panel to round up the latest in krypto news as we go to break here the numbers at the club. I. Was a pandemic no certain you know born is just a lot to nationalities. As a. Judge of comedy. Crisis with this president in modern times we can do better and we should. Everyone is contributing way but we also know that this crisis will not go on forever the challenges created the response has been so many good people are helping us. It makes us feel very proud that were in it together. It. Seemed wrong. Just dont call. Me to be yet to shape out these days you cant get a ticket and gains from it equals betrayal. When so many find themselves worlds apart. She still looks for common ground. Americans love buying homes. And this was a fundamental part of how our Political Leadership and our country a large understood the bargain you get a home and then you know rebel right as the things you dont revolt if you have a stake in the system. Be really interesting to dial it back and think about the longer deeper history housings men in the United States not just that old question of the American Dream but the bigger question of who the dream is for. A very big day for big queen and crypto currencies as the Worlds Largest crypto currency is now above 13000. 00 again thanks to an announcement from pay pal that the payment processor will support crypto currencies of course pay pal isnt the only company to announce this kind of support micro strategy has initiated a 425000000. 00 deployment of its cash surplus into big question and payment processor square recently announced that it too supports crypto currency as well joining me now to discuss them with christiane and ben swan it kristie lets start with you obviously because in a big day it rallied on the news of pay pal support how does this announcement push toward mainstream adoption and what are the drawbacks i know we talked a little bit about it but can you go further into detail. Sharpei foray into the crypt this year is a really big deal and it signals this true validation by mainstream so its another mark a clear shift to digital forms of currencies and this is and that it is a true method of payment transaction and ecommerce even not just live a trading like what weve been using big for before the like when base pay pal be acting as a gateway so while this news is largely bullish for bitcoin lets talk about some of the drawbacks the glaring drawback is that users cannot transfer krypto out of pay pal the Company Detail that you can hold and you can buy in your paypal account but you cannot transfer off and you will not own your private key so i think weve said this about a 100 times but if you dont own your keys you dont own your calling pay pal does and they will be acting as a big bag banks youre holding onto all your assets for your convenience so which for most mainstream people that is already an ingrained habit you trust the bank and its not a big deal but the thing is in reality this means that pay pal control all your assets is basically a closed. Which violates the very freedom that is quite the damage of being able to move basically everywhere so if you think about it this is all a big fat nothing burger for the crypto industry in terms of innovation paypal is great absolutely amazing for mass adoption up with the actual industry its the nothing burger just thousands and thousands of entries in a central pay pal database which has nothing to do with actual bitcoin so you get convenience of being able to spend their pay pal but at the cost of mobility and probably higher fees as well right now and some control here then it isnt only here in the u. S. Where bequeath to seeing this major rally in fact numbers of other nations to quit is also soaring right. Yeah actually it is in fact pretty interesting here as of this week with bitcoin going up above 13000. 00 again we what we see is that there are at least 7 other countries where right now big going is worth more than the currencies in those countries and so that includes brazil it includes turkey argentina sudan and gola venezuela zambia whats interesting about that and i think this is an important point about bitcoin is that right now what weve seen over the course of this year especially with the coronavirus and the massive you know printing of money thats going on here in the u. S. And not just here in the u. S. But all over the world is that currencies are beginning to devalue more because it is not the value its going up so if you hold if you hold savings in the currencies of those nations youre actually losing money right now whereas if you own a big coin instead of the currency of those nations youre gaining money the value of what you hold is actually going up as opposed to suffering from inflation so its interesting to see that happening but to the point that christie just made i think its so important to remember that pay pals intreat into this space while its good for again mass adoption and more people becoming familiar with with crypto currencies it does not it does not move cryptocurrency forward it may merely makes it more of a kind of mainstream and almost coopted system of using that going unlike anything that weve ever seen because its essentially itll be a centralized bank. And its not even yours i mean youre allowed to buy it and then pay pal will tell you what you can do with it i mean it erases the idea of freedom thats associated with crypto currency it does everything to get to get rid of that again he introduces people to the idea so i think its good in that respect but its bad in terms of representing what cryptocurrency actually is fed chairman. Talking about is talking about Digital Currencies and how the United States it is looking to be get it right and not necessarily 1st how far are we in the United States behind other countries. Well although Central Banks they have been exploring the idea of issuing their own currencies but china right now is Still Holding that lead as its been developing at c. B. C. Since as early as 2014 and sweet and of course theyve been looking at the economy projects starting at 2017 so if you look at it that way the u. S. Is very late to the game and rather than embracing the reality that Digital Currencies are the future the u. S. Actually shunned in 2900 citing that facebooks lead role was actually harmful and shut down the project so this is a big fear for the u. S. Because falling behind technologically to other countries and also another has to deal with to coin and other arms kristie i saw on that thank you both for breaking this down to in laymans terms really for people who need further explanation of this thats it for this time but thank you. Thats all the time we have for today but wealthy you next time. A sort of amazing country with so many friends in russia and im very excited to be here. I love that idea i think i can do that. Different nice to make a lot of money with which they make millions and hundreds of me. Here is a nice one. A great wall and nobody feels a lot better than me believe me and ill build a very inexpensive like a great great wall. 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Preserved was located and the only people had access to the story for investigators l. Z. Uncovered the darkest dealings of the secret services but i mean. You great ignore. For. Crying for justice on. Insufficient trochaic the latin american nation of peru reject such a thing the author is that a coke at 19 in fact seen after lab data is withheld and a trial volunteer. Named and shamed the french government confront the social media giant for failing to top one line hate speech in the wake of last weeks terror attack but its split opinion on the street. It is very easy to put all the blame on social media and its up to a person to decide what is problematic or not. Block search costs and there should be more people moderating all the bad content on top of the former business associate the show just 90 minutes the full