Surprised about the extent and of the currents which the inclusion was involved in some of those cases the killers would lead to be named. And were getting i think it went to do very very top i think. It was here where all the tape you walk on and give the go ahead. This is the one business show you cant afford to miss on fairmont and washington coming up despite trade tensions but china the United States is easing up on 5 the restrictions against huawei well talk about this. More with economics professor Richard Wolfe on the head of a mistake or made in the oversight of the boeing 737 match because as lawmakers look to learn more about the jet and the 2 fatal crashes which surrounded it we have a power show today so lets just start. The u. S. Commerce Department Released a new rule on tuesday that will allow American Companies to collaborate with wall way on setting standards for next generation technologies essentially what this means is the new rule will amanda wall way entity listing and it will allow certain technologies to be released to walk away and its affiliates if it contributes quote to the revision or development of a standard in a Standards Organization will the u. S. Added waterway to its entity list in may of 2019 this was over National Security concerns a claim that wall way has repeatedly denied but in an interview with fox business commerce secretary ross clarified that this new rule is not to help wall way but simply to quote help make sure we have ubiquity in 5 g. Adding the change is really simply a clarification it isnt that were doing something to help all way what were doing is something to make it easier for Global Standards to be symmetrical ross reiterated National Security concerns remain over while we still have g and said that spying is a very real issue will the rule is scheduled to be formally published this thursday. For more we are joined by a host of Economic Data and author of understanding socialism professor Richard Wolfe professor as always thank you for being with us today lets start with the shares in Chinese Telecom companies that have jumped following these loose and sanctions as i just mentioned u. S. Secretary of commerce wilbur ross said that while we remains a serious National Security concern but is this the start of the u. S. The sensually backing down. You know. It states widely expected for some time and is a response not only to pressure from American Companies that want to do business with huawei and rely on business with huawei but its also pressure from other countries germany is a prime example that have already embedded while weight i think knowledge which is among the best in the world and the United States within a position over the long run dilutes wildly already has Better Technology of the United States in telecommunications and this is a recognition that the chinese really are a competitor even at the highest level and yes its an accommodation because they become deliberate spendthrift of the United States who are they clearly economically well hold on to this posture of punishing this Chinese Company will prosper while weight has been at the heart of the u. S. China tensions at the heart of the trade war now that the phase one deal has been fine in both countries that have touched on the progress that theyve made a former finance minister and cabinet adviser for china. Last week actually said that the 2 countries what it waste or shouldnt waste any time rather on improving their relations he said quote china emphasizes that we should work hard together to ensure the employment taishan of the phase one agreement are we especially going to see the u. S. A lemon a all sanctions against wa and a possible things to deal. Well i think its a political question i think the chinese are quite right they understand american politics this is basically not a question whether the administration of mr trump go into the election will want to position itself as good tough and the chinese or the person who is making a deal with the chinese that will benefit the u. S. Economy one of the other strategy will be chosen and then the Public Relations will come out the way mr. Rorts try to say we were just as concerned about security as we were before which is the opposite of what he said a couple of months ago this is a political issue now to be determined by this group plans of the us that ministration its been a political issue for quite some time now i mean on the show weve previously discussed weiwei and like you mentioned while weighs 5 g. Patents now of the Telecom Giant owns most of them on 5 g. How will the us essential e how will they get the how theyll have to essentially pay wall way right the spite the span of whats going on there. Will be 2 leading technologies in 5 g. All leave finish work for asian ericsson and the way Cooperation China the United States has been defeated in this area its not the cutting edge and by the way punishing china makes no more sense than punishing been the arms if a 3rd country got a hold of the leash access holds the same issues with arise whats the world is interconnected we are already linked in many ways look how quickly the virus spread from one corner of the world to the other the notion that you can identify and promise one country and control technology is wrong as never were d and i think this is all a recognition that china has now fully the world of leading technology and will be there for the foreseeable future or foster or if i want to take it over overseas her for a minute here and now that the u. S. Seems to be easing these restrictions well and brazil for example recently the u. S. Ambassador to brazil todd chapman told that is how paul and his paper that the 2 countries there and talks to fund this new 5 g. Product and theyre saying that this would allow the u. S. To fund nokia and ericsson equipment and installation by local brazilian talcum companies what do you make of this continue fight for to be the 1st in 5 g. And the in the specially in these major developing countries. Well i think theyve already cut their deals with while away and they dont want to lose of and the americans are not prepared to give them the amounts of money weve got because were talking billions of dollars to make an expensive shift a shift it takes a long time this is the same concern that has led the british to kind of not deal with the United States on this is something which made the germans threaten the United States that if they push through were just the germans are going to suffer and theyre going to make the United States pay for that you put all this together and it just isnt worth while to go against the chinese theyve got too far ahead of the United States much sooner than chimeric would or saw on it and not all of them is playing itself out so when even as dependent on ally as golsen are all in brazil its going his own way with huawei and the United States cant do much about and were learning 5 g. Is practically an evitable without some sort of law way is what it seems professor Richard Wolffe host of economics but they an author of understanding socialism as always thank you for your time today. Thank you. The boeing 737 max jetliner has been grounded since march of 2019 after 2 crashes killed 346 people for more than a year congressional investigators have been thinking documents and interviews with f. A. A. Officials in an investigation to see if boeing and the f. A. A. Had a cozy relationship and overlooked problems with at 737 maxwell today the federal Aviation Administration chief testified before the Senate Commerce committee actually turned from that joins me now with more on this fair and what did he admit to the f a a and boeing did they have a little bit too close a relationship so sarah i mean to say that chief steve dixon was grilled by senators today is a total and complete understatement you had tons exchanges between all the senators and dixon but the short answer is he did not admit to the the f. A. A. And boeing being too close unfortunately the senates investigation in fact the f. A. A. Has been stonewalling lawmakers actually by either taking forever to turn over documents that theyve been asked to give congress or just not even turning them over at all which was the committees actually biggest frustration today listen here. Do you make every document every document. Its an easy question is it there is it would you make every document of the bill before the public. Senator im not im not sure what normal protocol is on that but we will be as transparent as you possibly can no no thats not the question not thats what happened the last time you were transparent or so will you commit to making every document public. Or im not im not in a position to commit to that at this point well you did not do your part of a cover up well also a surprising fact uncovered by senator ted cruz of texas listen here. Has anyone at f. A. A. Been fired. There have been changes in leadership in various areas no one has been fired over this particular matter up to this point had anyone been disciplined over this matter no not specifically so unknown somebody made unspecified mistakes for which there had been no repercussions is that right i would not say that there have not been reap repercussions well please tell us the repercussions the repercussions are that we are we have significant reforms were making to the process. So yeah tough day for steve dixon but he did say that he is committed to the oversight process and he also did admit that both the f. A. A. And boeing did make mistakes when it came to approving the 737 max too soon however it is important to note there that since these 2 crashes happened actually had a number of people fired over at boeing including their c. E. O. Down a small in burke who was let go back in december welfare and this comes just a day after a new bill was brought forward the aircrafts safety and certification reform act what does that bill contains so that this is actually the most significant step towards accountability following those 2 crashes because it is forcing lawmakers to look at how the f. A. A. Approves new airplanes now this bill completely eliminates airline makers like boeing from having an influence on the certification process the bill gives the f. A. A. A total of 40 to hire or fire boeing employee employees doing f. A. A. Certifications it brings in safety advisers and also protects whistleblowers because as we saw with boeing there were leaks Text Messages between pilots about the 737 max during the testing phase saying the systems were faulty but they were too afraid to come forward and well it sounds Like Congress is putting a lot of responsibility on the day but like boeing they too have made mistakes and how is this going to look Going Forward so it does help the f. A. A. Obviously as you said have more authority but its also very very easy for congress to say after the fact however congress is just as guilty and all that went down with boeing listen here. Congress has allowed it or allowed it given the weather the. Uncertain things you know so i think that they did a good faith in what the f. A. A. Was going to be doing with this with this with dorothy that they were hearing them but i think that its been abused drugs will tell you they have been given the money by congress to to to to go to of this story operation so sarah when it comes to funding and this bill you know dixon says that he doesnt he. Doesnt think that the f. A. A. Hiring and firing thats going to add to the safety process but as far as the bill it would actually give the us a 150000000 over 10 years for the new training procedures and thats something that dixon said would be extremely helpful for the f. A. A. Lets hope for the hour to correspondent karen thank you for that report. Markets are on the rise or to hold onto this 4 day winning streak coming out of tuesday sharp gains we want to bring in a boom bust cohost christine to talk about the markets christine whats going on here. Well does look like the market optimism has resulted in a kind of an over what situation here and especially as we move forward were going into the summer lol well it wont be any that much new data or catalyst its going to be a data lol its going to be a data vacuum where liquid you know will also be very thin and so thats going to impact trading and volatility and we might see some dramatic swings up or down as we enter it all week or pretty much all month long the market is being kept well supported and fully inflated by the constant injections by the bank this is a very well supported market here and its hard to keep that down so right now there is a bias for positive news older negative news however theres still a lot of concern right now as beijing has just reported that it will be shutting down schools again amid a resurgence of one of ours outbreak we all priced in this recovery a sharp quick recovery and a bounce but how can we get that one the reality and the data showing that a 2nd wave is already coming as new cases are escalating again in asia texas and arizona where you just mentioned the big bounce what are we looking at here this you shaped recovery v. Shaped recovery so many predictions here what exactly if anything can you say we could possibly expect especially with the 2nd resurgence. Well given the data so far its very difficult for me to believe that we will even get that balance or you balance now that were talking about the economy here not the market to be very very different thing seeing as how the market has just completely decoupled from reality with all the support injections and given so look weve had a weaker than expected Industrial Production and may manufacturing output its still new to lows of the Great Recession and Capacity Utilization is only about 2 percent higher than what it was during the Great Recession retail sales apparently surged up yesterday but off of the very low base and the numbers are still well below pretty pandemic levels and then the stimulus checks they helped a bit at the 1st time around and now ill keep us and all of it and they skipped out on mortgage payments and credit card bills theres about 30 percent of americans who do not pay their mortgage payment last month so whats going to happen a month later from now when all of that comes due again and then on top of that we still have 20000000. 00 people out of work and not liking to be working the same number of hours again come this summer so with all this its really difficult to believe that the economy will bounce right back to the way it was before certainly doesnt seem like it that was boom bust cohost chrystia hang here because we have more to discuss with you right after the break time now for that break but stay here because when we return we take a special look at and what we can expect from the cryptocurrency in the age of the coronavirus now as we go to break here are the numbers at the. Los. 6. So you cant get away from advertisement. If you change your appearance. Many local people see Plastic Surgery as a prerequisite for a successful career employees most interested in the job seekers appearance as a graduation present parents often dont use Plastic Surgery for an extra foot in the islets to make their eyes of the bigger. Most every teenager dreams of looking just a little. Some can fall from middle. Of the night most of them are very hardworking people who want to get ahead either some Health Issues or have some strict about luck a full time job wont always pay for a place to live and missing just a months rent can get you a victim to gunpoint if anything bad happens to any thing that just throws your budget off slightly. Better catch up real quick or youre going to have a judgment of possession against you and get addicted anyone thats homeless is treated like garbage people look at you like a monster or someone bad or you chose to be there most of the time its not the case see how it is to be pawns in the worlds richest country. The European Union has launched 2 formal antitrust investigations into apples app store and apple pay the 1st probe is over apples overtax and some competition issues with spotify filed a complaint over apple allegedly restricting rules for the developers that use the app store and limits users to choice to favor its own Apple Music Service will rock a 10 filed a complaint alleging that apple takes about 30 Percent Commission on a ti books while favoring its own apple books while in effect an investigation its looking into apple pie. Hey and whether or not it violates e. U. Competition rules the e. U. Is concerned that apple is limiting or disabling altogether in app purchase systems e. U. Executive Vice President margaret message or said it appears that apple obtained a gatekeeper role when it comes to the distribution of apps and content to users of apples popular devices while apple defended its practices on both fronts and said its disappointing the European Commission is advancing baseless complaints from a handful of companies who simply want to free ride and dont want to play by the same rules as everyone else. To coin is on its way back up as the <