Of talks between beijing and washington since january the news also comes as the u. S. Is introducing a 15 percent tariff on 270000000000. 00 in consumer goods from china plans are also in motion to raise tariffs on consumer goods from 25 to 30 percent expected to take effect on october 1st on the news of the talks markets in china japan and the u. S. All well lead making huge gains for thursday. China has called on canada to immediately release arrested follow executive moments all during comments regarding the appointment of a new canadian ambassador to china man who serves as c. F. O. Of the Telecom Giant was arrested at the vancouver airport in december of 20 at the request of the United States during thursdays remarks Chinese Foreign Ministry Spokesperson trial spoke about how the situation has strained the relationship between china and canada. The chinese side has approved the new canadian ambassador to china to take up the post. We hope that he will play an active role in pushing china and canada in relation to them back to normal traffic no time to present the china canada relations are facing serious difficulties the responsibility lies entirely with the canadian side so canadian side is very clear about the crux of the current china canada relationship if we are to the canadian said to reflect on its mistakes it is usually chinas stern tradition concerns you can really release ming winds now and let her return safely. He hopes the new ambassador Dominic Barton can repair the relationship between the 2 countries previous ambassador John Mccallum was relieved of his duties by Prime Minister trudeau to say he had a strong case to fight extradition to the u. S. And listed several arguments he thought could help her with the case he added it would be great if the u. S. Were to withdraw their extradition request for mel this situation sets a dangerous precedent as this is a rest is seen as politically motivated or money is effectively used as leverage in the ongoing trainee goshi asians she was arrested on the same night that president xi and trump hammered out a trade truce on the sidelines of the g. 20 summit in argentina the timing was more than a little coincidental. And the brookside soap opera turned very personal on thursday as Prime Minister Boris Johnsons younger brother joe who was serving as business minister in the cabinet resigned from that post and from his seat in the commons representing the conservative party the younger mr johnson announced his moves on twitter citing a tension as he put it between family loyalty and the Public Interest that he ultimately found on resolvable meanwhile the leader of the house of commons teresa jacob riis mauger apparently well rested for managing the Prime Ministers recent question of votes on briggs it told m. P. s on thursday that the government will try again on monday to pass an election bill the 1st try on one state failed to guard ones even failed to garner the required 2 thirds vote to call an election for oct 15th. In the fall leaves us in todays what now. A moment slightly different from yesterday here tell us exactly how this will all play out is Tony Sheridan former member of the Scottish Parliament representing Glasgow Tommy even told better in Parliament Waters are having to make a real effort to find the center of a plot here and where were gonna girl so lets start with the bendel the bill bar and no deal bragg said that bill has now gone to the house of lords but is not yet law. Says that he will not allow labor to give the votes required to call an election unless and until a no deal breaker is firmly barred so starting there where whats the status of the ben bill and will it become law. Kristie you probably saw that tolkiens stories were a bit tall and some complicated but im afraid nothing compared to the British Parliament which has become a complete and utter corporate we have a bill which is to take off the agenda but in leaving the European Union with a deal saw but except with a deal this was what borders joints and promised in his Leadership Election Campaign he was going to deliver a sense being made the play minister and you have to remain very one who is watching Boris Johnson didnt win an election to become Prime Minister he was installed by nought point one percent of the voting population less than 100. 00 social conservative Party Members voted for him to become Prime Minister and he said once im Prime Minister were leaving on the 31st of october nor of snow but will he give a promise that he simply couldnt keep his 1st vote notion. Parliament is pm hes lost all 4 of them its unprecedented normally as he lost the 1st 4 votes hes lost 22. 00 of the same piece they voted against them so he decided to exhale of them he had a single one in majority he no has a manus 22 status in the parliament i know hes lost his scottish leader of the conservative party and to be put up smallest damage in of all christie his own brother his own but all over and for to give us the need to know this he was a tory m. P. He was a minister in border cities government he just walked over and said i cant square up the contradictions any longer of the entrance of the country and my family loyalty i am resigning as a ning from ministership im liz aiming from being an m. P. And it leaves everyone across that you kino asking the simple question chrissy if voters join sins one brother can trust mr joints and why the hell would ordinary busy people trust mr johnson so that bairn bill will be written into law and probably get royal assent or no wendy on monday of next week sure that mr johnsons heinz will be tight but thats and wont be able to leave that youd opinion without a deal the people who are trying to stop a new deal brakes are doing that because the projections from the government not predictions from those who are against brakes are the predictions from the government report called the yellow hamas report and by the way this is an even worse case scenario. This is beasts scenario so this is the most lately scenario is that a new deal but except would be a disaster for the u. K. A corner me would lead to Food Shortages would lead to fuel shortages would lead to a shortage of maybe sins including vay to treatment medicines and could result in the loss of hundreds of thousands of jobs so even those who believe in breaks and of good to see crissy im one of them i dont lately opinion i think its undemocratic to the core i would prefer a country that rate to past our own budgets was and difference from other on elec to commissioners but i voted to leave that utopian union in the north belief wife ideal not to just walk over and leave the whole thing and a mess you see the rich and a perfect who suffer any consequences from our new deal but except because their direction of to and solely themself from any fuel and Food Shortages of the new working class people in particular the vale of the ones youll pick up the top of the of the ones who will suffer from a new deal but except short join she has not just lost a ps and lost votes hes lost the plot this is another source your perfect liar who is completely and utterly with any authority no in the u. K. Parliament tommy we really appreciate you coming back with some actual insider thorough analysis Tommy Sheriden former member of Scottish Parliament thanks so much for being here. Time now for a quick break but states are on because when we return start of unicorns have been all busy the rage in finance but could the high headlines be missing the bigger story after the break we see. Theyre what the future holds for those companies and at their valuations might be a bit misleading and lay the trip your software is in the studio to break down the latest in a string of scandals coming from facebook as millions of phone numbers all at risk and as we go to break here are the market numbers of the closest so. Well you know the thing weve kind of adopted because we were called pirates for so long. I mean theyre in this small ball of sticks you dont harp on sheep and its. Not something. The little self did big fish already 90 percent of the dot and wall in the collar. Concept 15 scoops 17 tons to do it several times a day with a big fleets now you get an idea of why. We have to understand we can all still use to just. Be with them this will be used for you the hours. Im doing this because i want them for the future world to future generations to have and enjoy the ocean we have. Western germany thats globalization this came in the trumpet 2016 the the idea of monitor is the global Central Banks cooperating to put out a currency unit of accounts that was better than gold is a 6070 year experiment that is down. Which is leading to dollars a single country like russia move aggressively away from the dollar and buy gold and globalization. We work spare and company is facing a dramatic haircut in its value as it attempts to go public it is targeting a bally asian at the low end of the 20000000000. 00 range which is less than half of the 47000000000. 00 mark where last craze around the private Capital Investors are skeptical of its bloated valuation and one of the biggest red flags is how we company is attempting to sell itself as a Real Estate Technology startup in order to attain a higher tech multiple sharper measures are pointed out that this business is more of a pure play real estate and that its analysts offering adds very little to the bottom line we work is apparently studying from the school of racking up hefty losses in the name of growth they reported nearly 2000000000. 00 of losses in 28. 00 Team Investors are now increasingly skeptical of this Business Model as unlike Traditional Tech Companies there just doesnt seem to be any clear path to probability from these losses the other startups lack is also not doing so hot right now ticker w. Or k. Plunged to 15 percent in after hours trading on wednesday following the companys 1st Earnings Report as a Public Company despite beat on both the top and bottom lines shares fell due to weave guidance and concerns over. The companys ability to compete with microsofts chap product. The honeymoon for i. P. O. s on wall street may be over now as some of these highly anticipated unicorns have disappointed investors this year heres a list of some the biggest i. P. O. s in 2019 notice how all of them are now currently trading well below their listing some of the spreads are huge with lift and trading more than 30 percent below their offering price when we are compiling this list there are only 2. 00 green spots zoom and beyond meets all the rest were very disappointing with flag down down or almost made this list too as it is trust currently struggling to defend its offering at 21. 00 today almost slipping into negative territory so not only is this disappointing this is very worrisome because it speaks to the overall sentiment and the risk averse climate that were currently in the appetite just isnt there anymore and you can see that with weak company as they failed to drum up support and now has to discount themselves ahead of their road show next week so how many of these companies actually turned a profit none. Last 25200000000. 00 in the 2nd quarter lives lost 1100000000. 00 slack lost 140000000 last year 5 lost 36000000. 00 zoom was the only company who had turned a profit at the time of its i. P. O. Now 84 percent of u. S. Tech companies that went public last year did so without turning a profit the last time Companies Went public at this kind of a rate was back in 2000 the year that the dot com bubble burst so now in 2019 these companies are still riding high on Venture Capital money burning cash in the name of growth it is really concerning that these companies are all going public at a time when a recession is basically imminent when the actual new york fed recession probability is currently at its highest levels in. Its 2009 this measure this gauge reached the 30 percent threshold every single time we had a recession ever since 960. 00 and we are currently at 32. 00 Tech Companies are obviously aware of this as their current at their very highly sensitive and correlated changes in the Business Cycle and any tightening of credit will be noticeable it would be a smart move for them to now exit at the top of the market and just dump shares weve talked a lot about the recession indicators across a variety of asset causes now and all of them are pointing to the same thing weve had the inversion of the curve in the fixed income market the currency crisis rippling across latin am an asian f. X. Markets the absolute insanity of the current negative Interest Rate environment and how its basically a black hole with no way out well here in the equities markets these i. P. O. Names are the fresh meat the new blood the canaries in the coal mine for the economic prospects of other Technology Companies as well as the economy at large since we are increasingly dominated by tech and given its performance so far in 2019 the canaries look to be dead that should serve as another warning of whats to come so best of luck to we work. And facebook has yet another security issue and this time it involves a compromise server containing hundreds of millions of phone numbers which had previously been tied to consider customer accounts facebook previously had a feature that allows users to look up other users based on their phone number no the server that was compromised does not belong to the social media giant but was also not Password Protected security researchers jane found the server and said it contained the records of 419000000 facebook users facebook however said it says the number was half of that according to the report in some cases they were able to find a user name country and gender as well joining us now in the street to the stars theres a whole host of topics in. Cyber security expert and president. Software chuck todd shipley todd good to have you here only here that so you know youre the expert so in terms of best practices how is it the company like facebook so huge can allow a vendor to have all this personal data thats no longer use on a server that is not Password Protected well sure i mean its a huge problem for facebook and its an ongoing issue that theyve had for some time their desire originally to be open with their data and share things has caused a lot of problems for that company obviously Cambridge Analytical had data but this is a much larger data set than any of those and i think were going to find that theres more data out there these at a point time there was a place where facebook was allowing everybody to get the phone numbers and other information about facebook users who were a. P. I. And i think there was a lot of probably access that was made and date data that was downloaded that we dont even know about because theyve got billions of users now i think theres probably that many pieces of data that are out there that have been downloaded that we dont know exist yet and so were going to find in the future not only this kind of you know data set but even larger data sets because facebook allowed it to occur so facebook has been under a lot of scrutiny for its various data breaches throughout history and this is just yet another example of it so now in the context of them trying to largely buy their crypto currency how can we expect to trust them with our wallet ive Payment Information our banking information when they just simply came in secure something as basic as your name and phone number and get to keep in mind this was in a security issue for them they allowed people to come to get the data Cambridge Analytic at the allowed them to come get the data this data was scraped because facebook was trying to share user information we dont like it we dont want them to do it but that was what they were doing early on now the since changed the problem is theres been this Data Collected for some time and like you said we dont know how much data is out that theyve gotten now going into their own group. Currency well have to see but thats a separate issue that theyre going to secure and keep in mind cryptocurrency is a whole nother architecture we havent dont know for sure exactly what theyre going to do with it how their block chain is going to work but we can be assured if its a community of interest with the crypto currency that theres going to be a little bit more security about it because the community of interest is going to sure that theres some security with it now taking a step back what responsibility do tech giants banks insurance providers and all these other companies have to do to protect user data are they doing and not or are they just trying to do the very bare minimum just to keep peoples business well i think theyre doing the bare minimum because you know in the United States we dont have any rules regarding this if this is the European Union there be a whole set of other you know factors in play here in facebook was probably going to get in trouble in the European Union for the data that they did get was released but in the u. S. We have only the breach laws where if they get the data stolen they have to report it but theres no rules that require them to keep the data and how long they can keep that data about us at all and there has been this recent wave of Ransomware Attacks hitting more than 50 cities and towns in the United States governments are losing access to all of their systems to run the government schools and libraries have been targeted as well as Law Enforcement some cities had went ahead and paid the ransom as it cost more to fix it cost less to pay the ransom than to fix the issue and pay up busy but now and now this week a New York School system had to delay the start of their school year because of the ransomware issue we heard from a previous expert that this was a. Tool that sort of got out of the box. And hackers got ahold of it but is there a reason why theyre deploying this weapon now were seeing this ransomware spike this year well ransomware has been around for a long time the n. S. A. Issue was one where the n. S. A. Got hacked in some tools were taken from them whether this one specifically was them yet we dont know yet or their tools we dont know yet but the problem is this is far more. If arius in a problem i think then facebooks data world deal with affected data still and weve all had our data still on but this is governments being shut down think about this 22 agencies in texas alone were shut down last month all in one concerted effort in the difference here is these are not just drive by hacks these are concerted effort to find the weaknesses in these local governments and then go back in and shut them down so they break in stay there and then decide when theyre going to make the attack and shut the agencies down like said last month 22 all in one you know shot so this is really i think a bigger threat because if you think we dont know who is behind these attacks and if you pay you pay if you dont you dont get your data back like atlanta happened last year but the problem is that being is if there is a concerted effort by a nation state to do this kind of thing we have a much bigger problem than we think they may be attacking small agencies just to try to figure out how to get into them and now they do something a much larger scale they can shut the country down so this latest actually just be another way of a terrorist attack basically with what youre so sure because we dont know whos behind it it could be terrorists it could be a nation state we dont know who is behind these attacks and theyre gaining money wheres the money going its cryptocurrency so in theory you know the federal government is looking at that and theyre trying to track where the cryptocurrency goes in trying to figure out where it ends up but still you know its hidden behind the mask of the pseudo anon the name of the anonymity of the so well have to see where that goes but i think this is far more a concern that weve got to look at than whats happening with facebooks data so very quickly what can be done to protect its local governments if anything at all well i think one of the things that we have a National Level have to take this stuff seriously and i dont know that we are taking it seriously yet that people understand this threat and we have to look at some broader understanding of how to apply security in these small agencies because most of them have limited funds and they dont have the ability to apply the kinds of techniques in the. Security measures that need to be applied its obvious because theyre getting attacked and so i think we have to take a Better National effort at it and look at how were going to in the future stop these attacks on the government shipley the c. E. O. Very software thanks so much for time thanks for let me be here. There is major news out of india regarding investment in the far east of russia indian Prime Minister Narendra Modi used the occasion of the 5th Eastern Economic forum in lot of small stock to announce a 1000000000 dollar line of credit for development in the far east regions mr modi framed the move as the latest element of his act east policy agenda and recall the longer addition of indian commercial and cultural ties to vladivostok mr modi made the announcement on the 2nd day of the 2 day trip to russia and was received as the chief guest of the Eastern Economic forum he announced that india is ready to play an Important Role in the Arctic Council as the 2 countries study the possibility of shipping oil mia the northern see where it occurred and then modi expect trade turnover between russia and india to triple by 2025 reaching 30000000000 dollars. Then finally the india china rivalry is rising to a new level as india prepared to land a rover on the moon india would become the 4th earthly nations and Landing Craft on the earths largest satellite after the us russia and china china landed their exploration craft in january of this year on saturday india will try to join that exclusive club of countries with the landing of the unmanned challenger are to craft the 1st to enjoy a mission notably succeeded in finding proof of water on the moon surface the new mission if successful would land a craft on the southernmost spot on the moon never to be reached by earthly effort the wall street journal reports that japan is planning to join the moon club of nations in 2021 with a probe landing while the u. S. Space agency nasa. Says they hope for a 2nd move laming in 2023. That is a very impressive thing that everybodys taking this Space Exploration into the forefront of their minds right now and its remarkable that apparently indias space agency has a 2000000000. 00 budget versus nasa here in the United States which is 20000000000. 00 and the program seems to be in the doldrums but is it all india is quickly racing toward the future you know were opening new routes here in trade and we still havent even explore underground say its an hour probably were going to space going to mars thats it by this time you can catch her must underactive a channel 321 dish network out to 80 or stream 247 output a t. V. The free t. V. Ad tell it to 39 or as always you can hit us up at youtube dot com slash boom bust hard to see next. Ready ready ready ready to stop at the continuing to grow. I just never felt very good about the idea of bringing children into the world because i didnt feel like things were in very good shape that a life was just going to be a lot of software programs. Theres no reason for more kids world takes things that are going to the. Movies and the move Something Else that. Everybodys scared to touch that is certifiable is really dependent on us addressing this issue. If we can even talk about it which anyone can have a conversation about it. Ready dares things. Stand. She said she stressed to make sure that the british wasnt at the bowl of the turnout that was to. Stop the show so he or she then that is the place to do shes a c. E. O. Which is quite a shock. Which is you never know what youve seen in the us to get your girl a man or to share. Or to do so through my if youre going to school should be your. Kids or mr so words are filled with spirit or does he seem to be a valuable piece that its a student actually a person to be vocal or should stop them spinning. Expressed she. Chose seemed wrong. When old rules just dont hold. Any new world beliefs yet to shape out does they become agitated and in danger many equals betrayal. When so many find themselves worlds apart when shes to look for common ground. Headlines today fluids a new report alleges a covert multimillion dollar scheme to boost the popularity of the left across the United States. Slipping violence in south africa has left 10 dead days of attacks on migrants from other african countries. And the u. S. Military exercises right next to venezuela in line with their apparent strategy surrounding the enemy. Tactics around the world. Here this is world news live with me thanks for the company so the 1st