Tension and confrontation serve the interests of anyone involved to trade consolation between china and the us has made some progress and is moving forward we hope the 2 sides will meet each other half way and find a solution on the basis of Mutual Respect equality and mutual benefit. This comes as the u. S. Trade deficit with Global Partners dropped by 4. 7 percent to 52500000000. 00 in september reaching a 5 month low slightly above expectations which were at 52200000000 dollars on year over year the current trade deficit is still 5. 4 percent higher than the same period last year exports declined 1800000000. 00 to 206000000000. 00 while imports also dropped 4 point 4000000000. 00 to 258400000000. 00 the us recorded its 1st oil star plus since 1978 of 252000000. 00 while imports on consumer goods fell 2 point 5000000000. 00 as cell phones and other Household Goods dropped by 800000000. 00 meanwhile at the opening of the 2nd China International import expo president xi jinping promised more steps to gradually open chinese markets. China will continue to foster and enabling Business Environment that is based on market principles and governed by law and up to International Standards we will give Foreign Investments greater Market Access to more sectors shorten the negative list further and improve institutions for investment promotion and protection and for information reporting beijing did not specifically address the u. S. And europe complaints about these restrictions on Foreign Companies but business groups remain frustrated with beijings gradual pace and restrictions that are still in place on services. To companies who face rocky i. P. O. As reported earnings on monday causing moves in their share price but this Company Peloton reported for the 1st time since going public revenue has doubled year over year to 228 1000000. 00 the company lowered its net losses to 49800000. 00 down from 54500000. 00 a year over year peloton also doubled their paid Subscriber Base from the Previous Year on the news peloton. Stocks spiked 6 percent in premarket trading before plummeting another 6 percent after market open it now trading below their i. P. O. Price meanwhile ride sharing goliath is also feeling the pain after reporting quarterly losses of more than 1000000000 dollars the Company Reported revenue gains of 30 percent year over year to 3800000000. 00 despite the massive losses on their Earnings Call c. E. O. Dar a coaster of shock he said has the ability to build a profitable Profitable Company but focusing on efficiency rather than rapid growth as it had in the past over stock price was down more than 7. 00 and a half percent on tuesday following the news which is more than 30 percent lower than their i. P. O. Price. Changes at we work are bringing about frustration to some of its Main Investors the policies are turning things upside down costing billions r t correspondent atocha suite has more from our los angeles bureau. So that the initial family and we work Public Offering things are going downhill now the company is looking to downsize possibly still meet up and to other startups we work a commercial Real Estate Company that provides shared work spaces for Technology Startups reportedly cut 25 percent of the staff at meet up on monday we were purchased 2 years ago for a reported 200000000. 00 that has roughly 44000000. 00 members globally the c. E. O. Of saw think is now saying we treated a monster when referring to we were the japanese make investor put in billions into the Real Estate Company only i mean a bell about later its been reported that the bailout was 8000000000. 00 and soft bank even provided an accelerated payment of 1500000000. 00 just to ensure the company didnt run out of money so now south bank is facing scrutiny over the deal to turn over a new leaf southbank is expected to apply new standards to future investments and also tighten Governance Companies its currently banking like we work David Solomon c. E. O. Of Goldman Sachs lost 18. 1000000 and its taken we work during the 3rd quarter after the company failed to go public in an interview solomon said its important for people to grow but theres got to be a clear and articulated path to profitability i think there is a little bit more market discipline coming into play and i think thats healthy for markets for the future of meet up is still unclear at this time we work in still looking to go public in 2027 x. 3 months be very telling to see whether or not we work and we put it in the starting in los angeles street art. And if you thought it was convenient to have a voice assisted in your home it might be time to think again how easy can it be for hackers to hack your home a group of researchers in japan at the university of michigan found a way to take over some of your homes personal systems from hundreds of feet away this includes google home amazons alexa or apples siri devices all by simply shining a laser pointers and even flashlights at the devices microphones the researchers even opened a garage door by shining a laser beam at a Voice Assistant that was connected to it a recent report shows at least 26. 6 percent of u. S. Households own at least one Smart Speaker and theres a lot to go over here so weve actually enjoyed invited author and tech executive alex offer to answer some of our questions welcome alex. Hi thanks for having me on 1st off whats happening here with the vulnerabilities in these vices voice assistance. So its actually part of a long running pattern of people testing out things that are popular and you can go way back to the day when you had people using captain crunch whistles to the socially tweak. Call phone booth to get free Long Distance calls now its a little more industrialized wheres the i mean Research Teams are checking to see ok does this new device work does not how can i crack it because all of these pieces are actually really critical to our. Overall security as a society Going Forward well you mention as as a society as we move toward a more connected society with all of these devices and every home and office how can Companies Like amazon and google put these devices out that are susceptible to these types of attacks. So i think that its a really really hard problem because if you think about it theres almost infinite ways to attack and test these devices and its really hard for someone like oh google or amazon to to speed every single one of these i mean human creativity is kind of infinite so pointing laser pointers at it or flashing numbers at it i mean these are just part of the development of technology i think for us to expect that these things will go out perfect is not realistic that said when we see these starts of vulnerabilities pop up we should expect to see them fixed fairly quickly now theres a whole other line along that too which is that behind these things are invariably Artificial Intelligence and Artificial Intelligence and still quite brittle so still fairly easy to fool in a lot of ways but on that point that you just made there i mean Artificial Intelligence is all new obviously we cant like you said expect them to go out perfect but there has to be some sort of security measure in place correct alex because what were looking at is you know you could affect somebody you could open a garage door that means your house is now vulnerable to somebody being entered so i mean obviously i know youre not saying they dont have any responsibility but what you know you as a former tech executive in see in the rollout or as a tech is active in general as seen the rollout of products like this i mean what kind of strange and stuff especially when youre seeing from the big boys like amazon and google what are they doing to kind of prevent these types of things before they go to market. Well i think pretty clearly theyre not doing enough i mean i agree with you on that i think that they probably are testing some vulnerabilities in their skunkworks or their labs before they send them out what i think is missing is that when you go look at commercial software for example google has an entire Team Dedicated towards what they call 0 day vulnerabilities in software thats looking for things that could bring a server to a halt thats not necessarily known out in the wild apple has a Bug Bounty Program or you know various Software Companies a Bug Bounty Programmes so theyve put in place to try to mitigate or spot these problems in advance different incentive structures that have different Testing Programs now things like voices that are very early days so i think that we still havent built that out yet and i think its incumbent upon google and amazon and all these other folks to now go and say ok we need to put in place some more robust both internal and external Testing Programs to incentivize and create a market for finding these types of laws well alex do you think i mean these laws like you said are inevitable are we ever going to really be able to contain 100 percent of this i mean over 25 percent of u. S. Households own one of these Smart Speakers is this something that really we we should should be doing relying on these or is this something thats going to become more common then like i said is it ever going to be 100 percent containable. So no it will never ever be 100 percent containable just as Software Bugs have not been 100 percent containable over time you will see systems that hopefully will be more resilient and more secure i think that thats a reasonable ask but in terms of saying we want 100 percent its never going to happen in the same way they are never going to have a car thats going to not break down 100 percent of the time or youre never going to have a plane crash ever things will happen thats just part of complex systems now that being said i think that theres lots and lots of areas that we should be more we should build in better ways to absorb failures. As we start to see more of these devices in us households become more important part of our infrastructure of how we interact with finances of how we do all these things in our lives now i think the other part of it which we should just get used to is that failure will tend to be more catastrophic so when things go really wrong theyre going to really really wrong and youve seen almost the same thing in airline crashes you know where now when you see airline crashes almost everybody dies as we get towards things like automated cars or when the systems are driving or were they have more control in our lives or these speakers the vulnerabilities will be worse the information exposed will be worse and i think thats part of the tradeoff of heading into a world where we allow these systems to take more and more responsibility and more control. Executive alex over thank you so much for your time an excellent insight today. Thank you. Time now for a quick break but hang here because when we return big point has been sloping steadily since its media oric rise to 20000 but recent reports show that manipulation may have played a role in the spike cryptocurrency analyst is back on the show today to guide us through the trip and what it means for the future and as we go to break here are the number of. Survival guide states in your state may be the stores. I believe. Are going to. Let me. Use a repatriation look at the us instead of. The bill of the stamp of the treasury for. The good news is if you like and use the term deep state you are no longer deemed a conspiracy theorist the bad news is very real and powerful and dangerous the democratic process the deep state as the 4th branch of government is it comes. To believe there are good terrorists and bad edits the bad terrorists and those in yemen who the United States deems to be a threat the good those who work in syria the cia and the u. S. Military were engaged in covert actions really struck a world. Where they were assassinating populist leaders they were backing up right away military juntas funding and arming death squads theres no. Because theres always a small. Cut. Off. Boeing who has been under fire since the grounding of the 737. 00 max is making headlines once again this time the companys c. E. O. Dennis miller is offering to forego his bonuses this year has been harshly criticized after his testimony on capitol hill just last week lawmakers grilled the c. E. O. Over the 737. 00 max crash and rather against his 2200. 00 salary of get this 23400000. 00 now this included 8 13100000. 00 incentive bonus in an interview with the n. B. C. Boeings new chairman dave calhoun confirmed suggested he shouldnt take any stock. Or bonus money this year boeing stock is up today and has gained a temper cent increase just this year and this also comes as boeing successfully tested its 1st major flight test this week the starliner reaching a height of 4000 feet at 650 Miles Per Hour the 75 2nd test appeared to be successful this was in spite of one of the 3 parachutes that failed boeing officials said the spacecraft was designed to last lately with just 2 and the abort system at the requirements for a successful test the launch was a critical milestone as boeing looks to fly humans to the International Space station sometime next year. Occidental petroleum is looking to slash Capital Spending in an effort to pay down debt from their 55000000000. 00 acquisition of Anadarko Petroleum the company which has large operations in the oil rich Permian Basin announced a budget of 5500000000 in Capital Expenditure for 2020 down from more than 3 but are down more than 3000000000 in 20 from 2019 occidental estimates oil and Gas Production will grow by 2 percent in 2020 down from the 5 percent projected when finalizing the end of darko deal in august the American Oil Company is also looking to pay down the massive debt it took on for the in the dark 0 deal debt was at 43900000000. 00 on september 30th nearly 6 times higher than that of the year before meanwhile in other or oil giant related news sources close to the planned saudi aramco i. P. O. Are saying the government is playing to cells 2 percent of the company in domestic listening on december 11th the sources added that the government will also refrain from International Listing for at least one year. Remember one bitcoin soared to nearly 20000. 00 each well most people who own any crypto do but now a new paper published by the university of texas Professor John griffin and ohio state universities and shawms the coins run to a record high near 2002017. It was caused by a Single Market will the study was based on transactions of tether and bitcoin between march 1st of 2017 and march 31st of 2018 the professors have concluded that over the course of that year whenever bitcoins about all you drop by certain amounts purchases of the crypto currency on the Hong Kong Based that cynics Exchange Rose in short the claim from the study is that because price was manipulated by the issuance of tother coins which were used to purchase big queen and consequently lead to increasing prices according to one of the studys authors john griffin our results suggest instead of thousands of investors moving the price of bitcoin its just one large one years from now people will be surprised to learn investors handed over billions to people they didnt know and who faced little oversight for their part phonetics claims that the study is not true saying in part that cynics is aware of a paper falsely positing that other issuances are responsible for manipulating the crypto currency market that fenix vigorously disputes the findings and conclusions claimed by that source which rely on flawed assumptions incomplete and cherry pick data and faulty methodology joining us now to help make sense of this is investigative journalist and crypto currency analyst ben so on ben christy i is out today shes in cryptocurrency expert but now you are lets dig right in and then griffin and jump hypothesis was a big point was manipulated was based partly on the theory that these new tethers are created without the dollars to back them and then used to buy bitcoin thats leading to these rising prices is there really any evidence of this. So there isnt really evidence presented so far other than the correlation evidence so what theyve done is theyve gone back and theyve shown you know when the price would begin to dip and then they show the how the size of the market cap for tether and how to either continue to expand at that time and so there correlating these 2 things but one of the things thats missing from this particular study is the idea that thousands of people and maybe even millions of people over the co