Met ahead of the opening of the Winter Olympics in beijing. Its the 1st time president she has met a foreign counterpart in person since the beginning of the pandemic. And the sure those that are in the spirit of friendship and the Strategic Partnership. Her reach an unprecedented level show on there. So she went olympics 80 years ago, we promised to meet again. We have kept that promise. The leaders signed a joint statement, presenting a united front on a range of Foreign Policy issues. They called the nato to end it expansion and for the military alliance to abandon its so cold, cold war approach. They also denounced the orca Security Alliance between the united states, britain and australia, and the formation of further blocks in the asia pacific. The visit comes as tensions escalate over the presence of more than 100000. 00 russian soldiers on its border with ukraine. Washington is threatening to impose tough sanctions on moscow. Should its forces invade. The leaders are expected to sign 15 agreements on issues ranging from trade to technology during putins visit. Russia will increase gas applies to china and has announced a 30 Year Contract for a new pipeline between the 2 nations. Economic support from china could undermine any western method to punish any possible russian incursion. Crane that analysts say an even bigger concern, is it possible deepening a military corporation between moscow and they do . She didnt being has often spoken of his deep friendship with Vladimir Putin who was the 1st major leader to confirm his attendance at the beijing Winter Olympics. The u. S. U. K, canada and australia have not sent officials to the vet in protest against chinas human rights record. Katrina, you al jazeera, they ging in other news, more than half the Un Security Council has condemned north korea for launching a medium range ballistic missile. 8 countries issued a joint statement, they include the u. S. France, japan, and the u. K. Describing sundays launch as a significant escalation. But china has urged the u. S. 3 engaging dialogue with north korea and accommodate is concerns. The us is waiving some sanctions, only one civilian Nuclear Program has talked to revive the 2015 nuclear deal. Enter a critical state. A waiver was ended by former us President Donald Trump in 2020. The European Union has imposed sanctions on 5 members of mollys transitional government, including the Prime Minister, blah condemned a decision to delay elections. Mollys military 1st took over in 2020 and had promised promised a vote this year, aid groups or setting up emergency shelters in madagascar as a Tropical Cyclone approaches. It comes less than 2 weeks after another storm killed at least 58. 00 people. Psycho and bad sir, i is expected to make landfall on saturday. France has offered military support to the United Arab Emirates following missile and drawn attacks by who the rebels in yemen. French armed forces will deploy a refiled jet to help reinforce the mit defenses. Them, the lee has been targeted by 3 who the attacks over the past few weeks. And a 5th aid to u. K Prime Minister boys johnson has resigned. A policy adviser is the latest to leave after 4 senior Staff Members wait on thursday. Johnson is under growing pressure over lockdown parties. The u. S. Republican National Committee has voted to censure leads cheney and adam kensington. The 2 politicians are accused of defying Party Leadership by participating an investigation into the january, 6 storming of the capital. Next money boys on arches here ah. Ready ah, the 5th of february, 2018 at 3 pm local time. The dow jones plummets as of the Stock Exchange has been hit by lightning. It loses more than 1500. 00 points in a matter of minutes. Never before in the history of the index of american stalks law, so much in a single day, a new york is not alone. The collapse spreads like wildfire to frankfort, sidney, tokyo, panic erupt. Nobody knows what has caused this disaster. There is no discernible real World Economy reason. There are no new economic predictions, no unemployment statistics. The only explanation that is offered sounds strange. Apparently the Trading Computers were too fast. Ah, how is it possible that a Fringe Development of automated stock trading yesterday, nomic acceleration of Computer Systems could almost cause a world wide financial crisis in berlin, gerhard chic campaigns for more transparency in the Financial Sector than the one on the store for grants. Hunter, for your average of chevy, is no neatness, decent, hazardous headless while if man be us to live, was in music, couldnt antarctica 100. Hm. Doesnt he go for the other trotted up to a 1000. Once he runs, it was only the unit vine. He didnt deter about a 1000 as official privately. Essentially High Frequency trading significantly reduces the time that a stock is held before being sold. Sometimes its just milliseconds or even microseconds. High frequency trading is the opposite of long term investment, which is what stock market. Were actually designed for access to stocks also became a lot faster. The quality of the investment was no longer the deciding motivation for buying or selling. All that mattered was who could react. The fastest High Frequency trading is performed exclusively by computers, not people. These Computer Systems are completely autonomous. Essentially, they are warring box money box. High frequency traders place their computers as close as possible to Stock ExchangeComputer Systems. A protest known as co location proximity and high speed connections are a deciding factor. For example, a pension fund wants to buy 600000 shares at a price of 9. 50. Their order goes out to various Stock Exchanges. When the order arrives at the 1st Stock Exchange, a High Frequency trading system detected and immediately places its own orders for the same chairs with all the other exchanges faster than the pension fund kat, thanks to its high speed systems, the High Frequency trader is able to buy up all the shares at a price of 9. 50, then sell them to the pension fund for 9. 51. The High Frequency trader, his own 6000. 00 within a few milliseconds, and with no attached risk. Ah, i frequency trade as do not have to be active in the markets permanently. Their advantage is most effective when crises, disasters, or political decisions cost strong price fluctuations. Essentially High Frequency traders benefit from crises and are constantly waiting for the next one to occur. In the beginning, the intention was to use greater predictability and faster infrastructure to increase the stability of financial market. In fact, the opposite has occurred. Automation has made them more vulnerable. After all, there is no Electronic System that cannot behalf. Ah hm. I had a book. You know, trading engine was running in frankfort remotely by it was being controlled from london. What happened in this particular case is that an internet related outage caused us to lose control over the engine. That was in frankfort. And i remember for a couple hours i try and to validate that the engine itself was, im demobilized. Ah, it turned out my engine was actually live. I had actually designed a feature that said if you break connection with the mother ship, stop trading. But that feature had a parameter and it was off. I had this engine that was basically a trade in a could a last calculus 30000000. 00. Right . It lost a few 100000. 00. But it was, i was a terrifying experience. Im bo derek is a trader and come a Software Developer in stanford, connecticut. Im bodeo played an Important Role in the development of automated stock trading. His idea of using computer algorithms to process information as efficiently as possible is one of the foundations of modern stock trading. A 2nd prerequisite for success is a high speed data connection. The french businessman steph antique knows all about fast data transfer. His companys Mckay Brothers and quincy data are based in paris and california and operate the data connection between new york and chicago. The homes of americas most important Stock Exchanges. Stiff antique and heim, boat egg players in a global battle for the best Computer Software and the fastest data networks. This contest began a long time ago in the casinos of las vegas. At the end of the 19 sixtys, a new generation of scientists recognizes that it is possible to use computers to increase its luck at the tables. Pioneers, like edward thought, and blair how develop algorithms that allow them to count cards when playing black jack and to make predictions doin farmer takes a different approach. In the 1970s, the physicist makes roulette his field of expertise. Bob, farmer and his team begin to play, or they soon discover that its possible to predict the course of the ball if one knows its current position and speed. And then we embarked on building a computer that will allow us to do this. Now this was lighting 76 when we got started. So you have to realize at that point, there were no personal computers. Rifka in pennsylvania is a lag in the mountains, stiff Antiques Company is working on making the fastest data connection between new york and chicago. Even faster . No, hes also considered more. I sampler, demarco brother in feeble said feeble, our own toilet data center ever. It up for me to allow he just kinda had you. One moment that had you already load law firm as your e. Could the don the senior had yuki solve . Were you just getting no, couture. C, horseshoe law is separated the maneuver and energy sac. Yeah. Or cant hide smoky face. It dont say repetitious. Killer. Pushing to or if with absolutely more afy to little lashanda who ive run show. So the gather snell pauper dupree chicago risk of new jersey. She or meals just wanted. I met her so i was one to fail. Or counsellor at mont issue is he empty . Pu, come laska yan course of for me. Now on. Do i sorry to was donna eluted that he was told that is who was this . You dont i course. I dont know. Look, dont that he will stand to look a sasha, a car. They are leaky mom. Had use you into an algorithm is a rule for answering questions. Algorithms provide the foundation for farmers bed, said the casino. Oh lou computer is required to process algorithms quickly. The time, however, these are large, expensive, and slower. This begins to change in the mid 19 seventys and the 6502 microprocessor had just come out same microprocessor that the guys from apple used to build the Apple Computer billing. Thomas team designs a computer around the same process or the initial version of it was under the armpit. There was a pack of double a batteries under the other armpit switches in the shoes wires running up and down an antenna around the shoulders. The antenna would transmit the signal to a 2nd person who had been placed the baths. From the moment, the croupier spends the ball until the ball until the basket closed. There is typically about 10 seconds to pass 10 to 15 seconds on. So we had to be able to take the data for the rotor and of all and get the prediction 4 to 6 seconds ahead of when the vets got closed. So that the better had enough time to reach over in place to help us. So we had to have the prediction coming pretty fast from the computer. We had render it slow by modern standards, but because it was, you know, carefully coded machine code. We were able to get the answer out. In a matter of a fraction, a 2nd dont pharmacy computer became the stuff at legends. It wasnt just any computer. It was the 1st computer built into closing, while steve jobs and steve wozniak, were creating the original desktop computer doin farmer was building one in a shoe. Farmer himself becomes an icon for people working in the field of computer based predictions. Farmer and his team eventually decide that the winnings at the roulette wheel do not justify the risks they are taking. Ah, they returned to more serious scientific fields. Farmer finds himself at los alamos, where he investigates methods of predicting the weather, among other things. Then the world changes, or at least the world of money allocation, financial desk, and they are counting bill harley to find out whats happening. I lost only one word to describe was happening in that is the johnsons astro averages. Are almost 200 points. It is down by a 191. 00. Had been out of all right now for you. 345000000 shares available day on wall street. The Dow Jones Industrial average right now down 271. 53 point. Putting the down below 2000 mark now right now in 1975 when, when during the 1987 stock market crash, investors attempt to dump their shares in a panic. They brokers eventually begin to ignore the frantically ringing telephones. The authorities decide that more trading should be left to computers, as people simply are not reliable enough. The new york Stock Exchange remains americas largest, but chicago becomes the center of new financial technologies. The whole Trading Company is one of the pioneers in the field of big data and market addictions. In the early 1990 is the company is considered a measuring stick by many traders like doin, farmer holl trading companies, found a black hole had originally put his mathematical skills to the test in las vegas where he counted cards of the blackjack tables in the 1970s, he is one of the 1st to recognize the potential of Automated Financial trading. In 1985, he found his own company in chicago, the center of us derivative trading im bodeo joins holstein in september of 1997. Quantitative analysts are also in high demand in europe, the best emerged from the universities in paris, mathematician so welcome additions to the market. As our physicists like steph antique allie parker sherwoods peter . Totally mowbray on bush edition is, shall he dont. Jason medea measure of the felon meshida officer. It had been p. Allie parker shade, elmore on bush. It, if he can, i dont. Hes really windy shows. Q g, a piece of the collector, secure. Li, metty, metal penal shayla. Vive dont you know of a d . Is this mr. Dot . If he is the catch you lucky shortest if he i make he shook and is occupied, the can cooler. He said damper he did the clearly any type of it, not yet, but the question lego. So unique want is up. What she marshall did. Good. I bosa me. Say, come m under. Shall kayla been people he bow a plan. Go to a bunker a key fondly did he thee on betty ah inactivity too much of it. Premier though salmon sitina is hidden, that if hes here of her food whiskey they keep on out of harry t me t. Shes a mom, jennifer. She po proposal. He are a multi days activity. The project media, the of new bell. While we were doing the roulette project, our friend rob shaw came over and said, i just found out about this amazing thing of chaos. We went up to lab and we looked at the simulation on the i la computer and we were just amazed cuz you could see that even though there were deterministic equations with making this random looking set of patterns on the screen. And so we got completely fascinated by that and we, um, we created algorithms for finding identifying patterns in nature that are described by chaotic dynamics. Im doin ca devotes himself to studying pappys. The tell our predictions to be made. One of his areas of study is meteorology, pharma and his team in los alamos, are able to expand the time frame for precise hurricane predictions from 2 days to 5. This gives emergency services, valuable time to evacuate people in danger. With every time i will talk about this, somebody would say, well, have you apply the stock market . And so i kind of chart saying no b, while i heard about the efficient market hypothesis, which says the stock market, sorry, inherently unpredictable, was a very popular theory at the time i didnt believe. So normally i once again left, he left his job at university of illinois, and i left my job. It was alamos, and we gathered with some other younger scientists business guy and started a company to use computers to protect the stock market. This was in 1991 and called herself critical. Mm. Those are those are the only one. Yeah. I think most 3 how the reason im not for a lease on my like all of a year to hope i see by this. Ill do not to have on the fund is i think i say taylor that she wants to still continue to if i move got, you know, like the 3rd tech counter in math. Not in yet feel real or to come feel young to go to the lab. Rosser very on the hour today, but the alarm clock on a boner the longer abazs gun. The paris Stock Exchange is not the only empty shell. Even wall street is little more than a movie set these days. This interaction data center is located in an anonymous building on the outskirts of vienna, austria. The company has 13 such co Location Centers throughout europe. More than 100 Internet Service providers, 5 internet exchanges and Important Cloud Services have co