Transcripts For RT Boom Bust 20240713

Here is that it was taken down on thursday but this was after recent research had reported it and the data actually posed was posed posted as a download which means that the users are still have the information so just because it was taken out it doesnt mean that it was gone other researchers said that the information could be used to text people use as a mass so people need to look out for Text Messages the numbers they they dont know and mainly theyre saying that looking at other other threats to and they said it was a kind of a large scale some a spam with some fishing campaigns but heres what we know as far as the timeline of when it with the exposure happened so on december 4th the database was 1st indexer december 12th it was posted as a download on this hacker forum and then on the 14th to go discovered the database and immediately sent an abuse report to the i. S. P. Managing ip address of the server and on the 19th it was then. Available so the data was up and running for a few days so they obviously this is a massive breach so how is facebook responding to this well its no surprise that theyre not saying very much i mean this isnt the 1st time that its happened facebook said that its looking into the investigation and that it was quote likely information obtained before changes we made in the past few years to better protect peoples information but before 20 teen developers could easily access some of facebooks application programming and theyre saying this was also when users tended to put up their phone numbers but that is no longer available so those are saying that could have been it but compared text of the facebook may also have a security hole that could allow criminals to really access user i. D. s and phone numbers even after access was restricted but again this isnt the 1st time in 20 teen this happened before this happened also in september where a sick charity researcher found another database with 419000000 records tied to Facebook Accounts and 28000 where information of 29000000 users was available and kind of the same put on a platform and even earlier this year were 20000 facebook employees said that they had usernames and passwords of over 600000000 people yeah but facebooks health care of course look at all that when theyre saying that theyre coming up with this new program what is it the setting up the Privacy Committee that will be separate from its boards right so there are the future is privacy is what theyre saying but i mean theyve got the reputation pretty pretty ruined by this point yeah we were Facebook Says oh its probably came from before 2000 and they have no way no way right now of verifying that right theyre just throwing that out there and the fact is in order to have a facebook account you have to have a phone number do you not i mean it seems like everybody has to have it because they call that there are 2 factor authentication even though you have it its not necessarily after 20 teen they do not permit you to post it in your on your profile so they think that thats where the hocks may have come thats what theyre saying right that it came from basically publicly available information but again if youre talking about 267000000 people its very possible this was not Public Information absolute it was information that somebody got into the database it was of course one of their mothers theyll get thanks so much for your time you. Well another day another you find for googles Parent Company alphabet in this time francis Competition Authority has fined the alphabet 167000000. 00 for unfairly suspending advertisers that placed allegedly deceptive ads for google abused its dominance for those market ads displayed in search results by suspending those advertisers and friends the claim here is that google suspensions happened in unpredictable fashion imposing significant losses to those sites authorities have ordered google to pay a fine and to stop what they call quote brutal and unjustified suspensions clarify the rules for its advertisers and this kristie is essentially the problem that we keep seeing over and over with these guys yeah but the fact is theyre not really being punished because this is like barely a drop in the bucket for google in fact its flat on trading but we cant tell if youre an advertiser you cant tell exactly what the rules are so when google says were punishing all these groups theyre doing it under this kind of umbrella of theyre using deceptive advertising practices but theyre not very clear on what that is right and thats not exactly and you dont dont you see this in google you see it across facebook and instagram where they take down posts saying that this is against our guy lives without being having any notice of what those guidelines even are well see if it changes. Well the u. S. Has urged ally nations to freeze out fall way now over allegations of Cyber Security and National Security concerns washington has told allies out could be if i china as spying tools an allegation denied by fall way as there has not been any hard evidence of this to appease the u. S. Deutsche telekom announced that it would not enter into a 5 g. Network contract until theres a resolution in berlin as to whether or not to restrict access to the German Market telecom was previously deep into discussions with where huawei would provide 70 percent of radio transmission gear for the networks of upcoming 5 g. That totals 587000000 now. Now the decision on security rules for 5 g. Will be delayed until next year meanwhile over and greenland it had sided with the us narrative as a country chose sweden eric sent over Chinas Huawei to supply equipment for 5 g. This decision comes as the u. S. Is increasing pressure on its allies to exclude huawei from lucrative deals and after president offered to buy greenland from denmark as part of a broader strategic push into the arctic. Well so much talk about the great you as a trade deal that is so much better than after right if you watch the show then you know that we have been critical of the fact that the u. S. In ca its really not a vastly better deal will now new analysis from the Congressional Budget Office shows this that the new trade agreement will actually cost auto makers nearly 3000000000. 00 more in tariffs over the next decade for cars and parts that will not meet higher regional content requirements over the next decade this on the heels of the head of the United Auto Workers union stating that the u. S. In ca will not provide more jobs to auto workers and will not return a single auto job to the u. S. Joining us now to discuss is the car coach lauren fix lauren thanks for being here. Thank you for having me so what are we missing here because there seems to be this huge disconnect between what politicians are saying about how the u. S. Is going to affect the Auto Industry and what the c. B. You know and auto workers unions are saying about this. So i think theres a lot theres a lack here so you have to remember that were increasing the percentage of components that must be in a vehicle thats the top thing so it was 62. 5 percent of the components through the nafta which is the old agreement had to be somewhere from the United States now its 75 percent of those components can no longer be purchased by china and then shipped to mexico or mexico who could falsify the documents and ship it to the u. S. And say oh yeah these parts came out of mexico so that was what was happening is theyre getting a lot of chinese components being shipped in through other countries so now were forcing this through this agreement to be made in the u. S. So thatll be good for suppliers which means jobs thats good for the economy so thats great for the United States and its also means theyre going to be union jobs in many cases now its not going to help the union in every single case because it depends where the manufacturing location is located if its located in a right to work state they dont have to have a union but that also means that the average worker which is 40 to 45 percent of the building of a car has to be 16. 00 an hour or more so this could actually raise the wages for mexican workers which is good for mexico so thats why they like it but its also good for United States because there will be more jobs coming here and the u. A. W. Is frustrated right now you have to remember theyre fighting for credibility because after that 40 day delay with General Motors and then midst of all that they had all those indictments with all those executives going to prison theyre trying to say were fighting for our staff for people for our members and so thats kind of why youre hearing a little bit of that from the u. A. W. But the bottom line is its going to be good because were going to pick up about 300000000. 00 in tariffs as product goes back and forth across the border some will be taxed much of it wont be and thats good for all countries whether us canada or mexico which is why the. All agreed to this now is move on to some and im a activity thats going on in the space chrysler and google have signed a 5050 merger deal that will unite some of the most recognizable automobile brands under one company so how is this going to make the these companies more competitive in space oh i think its going to be great actually i think its a better move for free at chrysler to merge with peugeot or p. S. A. Versus going with re no in mitsubishi and nissan and the reason for that is it will 1st off theres an interesting story behind it ill give you the short version is that john elkan who also met with robert to show for dinner just a couple nights before all this happened and they agreed theyre old Family Friends but also old friendly rivals from the 18th ninetys that they would Work Together rather than fight each other to share platforms of technology and engines and drive lines in this regard the sharing instead of being enemies being friends means ople pujo and feel that chris are brands g. Brand and so forth that chrysler will all Work Together thats good and that will make them the 4th largest car manufacturer and they will be competing against reno mitsubishi and nissan now and they know where their weak spots are and this will make them very strong so this is really really good for them for the Auto Industry it will bring jobs to the u. S. We wont lose jobs here but also bring some of their products here and some of our product to europe going to be very interesting to see how that shakes out lauren fix the car coach thanks so much for your insight. Thank you. Were in the middle of the angle of santa rally here as uncertainty fades and optimism for 2020 rises lets see how we ended up for the week over in russia the molex was up for the week led by tech and investments in tech speer bank melgar you and yandex led with spear by russias largest lender announcing the launch of russias fastest supercomputer russia is also planning on making a big push into tech for 2020 as Russian Venture Company one of the biggest funder fund announced plans to support early start ups operating in robotics Quantum Communications and green tech. Over in asia the shanghai composite rose 1. 3 percent on the week as china and the u. S. Continue to take steps to deescalate their trade conflicts shanghai cut this l. P. R. Benchmark lending rate unchanged friday after the central bank kept borrowing rates on medium term loan study china also announced that additional stimulus is not necessary at this point as the economy was actually stronger than predicted with manufacturing and retail sales surprising to the upside over in japan the nikkei fell slightly as the bank of japan kept its Monetary Policy unchanged the bank downgraded its view on Industrial Production and expected domestic demand to be limited japanese auto also took a hit in response to a new trade deal with the u. S. M. C. A. Done the hong kong the hang seng posted its 3rd straight week of gains local property stocks rallied and for the year despite the china u. S. Trade war despite the 7 month long protests and despite the uncertainty weve had for the entire year the hang science is still up almost 8 percent which is quite significant given all the fears in the market this year over in india the sensex was up over 1. 6 percent this week hitting an all time high of 41809 as a flood lead by gains in banking and auto however the losses and consumer Goods Limited the upside well expected see some short term consolidation next week as investors start to book profit after this massive santa rally and down australia the a. S. X. Is up for the week where hit its highs early on monday before leveling out as the downgrade in the countrys Growth Outlook fueled expectations of a further domestic rate cut resources and miners advanced and close their strongest sessions since august and finally over in south america the all shares were up following the lead of the us and asia as their respective markets rallied to new highs now over to bend for the rest of america and europe all right because you think you will over in europe lets begin there the carcass of this week as it continues to trade higher as long as price stays inside the channels in the trend remains pointed higher in fact because could be on track trading to the 2007 high the day. X. Is in good territory in fact remains near record high territory but it was actually down this week in fact the deck suspicious most of the week easy back from the 18 month high seen on monday but thursday it did see a small bounce from that 13150 that might signal a near term low has been created over in the u. K. The footsie is up as it has eased out some more gains this week maintaining the upward bias seen since the beginning of the month compared to last week of course the rise has been pretty small but the bank of england was in focus in london on friday after Andrew Bailey was named the next governor of the bank replacing mark carney over in south america the evo vesper had another very good week finishing up as it continues to stay in that record territory the evo vesper has increased 23719 points or 26 percent since the beginning of 2019 sliding up here to north america and the b. M. V. In mexico is up and here in the u. S. All 3 major indices are up as well in fact all 3 scored record highs again on thursday unfazed by president impeachment while finding ongoing support from the us china trade deal the passage of the u. S. Embassy a trade deal to replace nafta by the house and the improving Economic Data again this is pretty significant as the impeachment of a sitting president did nothing to shake markets which as weve told you is likely because the markets know that impeachment is really just all the show and then jumping north up into canada here the t s x is up this week as well as canadas main stock index pushed to a record high in late morning trading powered by gains in the key financial and industrial sectors and that is this weeks market walk. Time now for a quick break but hang here because just on the other side of the break no matter how you feel about the price of decline today turned out the leading cause that kind of thing is far and above the best investment of a decade well tell you just how good its ben and i think adam frank and i never thought that close. One of the things that i started to realize is that the noise in my head as it me i started the practice of organizing my wife around what i wanted my life to be about even when it conflicted with my internal noise so you know why i wrote a book but in my head im not smart enough people like me to write books. But what i held myself to it was the action and i started to notice that i could coexist with that while still living a life that went beyond that. In the troubled 19 seventies a group of killers rampage through parts of Northern Ireland that was coordinated loyalists attacks on the catholic population tens of thousands were forced to flee their homes a mob was striking to put these attacks was a p. R. You see the Police Actually took part in the attacks so instead of preventing them they were active participants in the burning of coal streets in belfast at the take more than a 100 innocent civilians were murdered as far as you can see in years and we found out more i was surprised about the extent. To which the collusion was involved in some of those cases the killers would later be named. I think it went to the very very top i think it is. The water where politicians. And give the go ahead. What holds if you should. Put themselves on the line. To get accepted or rejected. So when you want to express. Yourself. If you want. This is what. Are you. Interested in. Despite the record breaking holiday sales in the u. S. This year it is officially retail pocalypse and with a record of over 9300. 00 Stores Closing across the nation and 2019 core Site Research released this year and reports citing that its almost double that of the 5800. 00 stores are closed and 20 among the stores that shut down we have familiar names such as jim murray victorias secret c. V. S. Abercrombie and fitch game stop Barneys New York and more so from this you can see that this was not an isolated event in the discount and fast fashion segment but across all major retail segments including high end specialty consumer bankruptcies intensified this year and analysts predict thousands more as Online Shopping continues to replace purchases at physical Stores Online sales make up about 16 percent of retail today but will rise up to 25 percent by 2026. Ripoll labs the Company Behind x r p just closed a 200000000. 00 series c lifting its valuation up to 10000000000. 00 now this round was list led by god and jack but japans s. P. I. Holdings and route 66. 00 vendors who also participated ripple is the clear leader in cross border transactions and theyre capitalizing on the weaknesses of the existing swift system and now has over 300. 00 Financial Services customers globally this firms has signed partnership deals with giants including American Express money gram pay pal and more x r p is the worlds 3rd largest crypto currency now and pop 3 percent on the news today joining us now to break this down and stephanie talk of the editorial director with the American Institute for Economic Research so jeffrey this is really exciting rebel labs has been on a tear with a 350 percent increase over last year and consumers sending live payments so given all this traction why havent we seen more of a movement in x r p the currency despite all these milestones that ripple lives the company has hit. Well we have to remember that excerpt here is a different specific kind of crypto stop the crypto anybody dreamed of happening in 2009 when crypto 1st entered into the world but is a Brilliant Technology in the sense that its a mediated technology its proprietary technology and a lot of these sort of regular man on the street style in vespers and crypto are not interested in for that reason that doesnt mean its going to change the world i think its a extremely Important Technology because its its thriving off the failures of this and takes 1st system as you mentioned you know our Legacy Financial systems are incapable d of dealing with the new age of globalization so this is take as taken crypto to kind of kind of fill this market need. To make these beautiful things happen and i s. R. P. Has been really valuable in that in that sense but as a token i think its probably more valuables in its stability as a token then it is as. As a as a medium for. Cross border Payment Systems that sort of thing yeah you know and this is a bit of surprise i dont think anybody expected this theyre going to say in 2009 other would 2013. Certainly report you know as you said its not the traditional crypto certainly is not decentralized by any means its like heavily centralized one of the biggest question holders is whether or not its going to be classified as a security right this is pretty highly debated here so where do you stand on that because you know the i. C. C. Was the whole everything a security that they dont understand i dont yet know you said it exactly so heres the problem these old categories actually dont pertain to these new technologies writ which are really ownership over rights or protocol its not the same thing as the security is not a secure its just not what were trying to do is reclassify these modern super modern 21st Century Technologies and old 20th century. Categories that doesnt actually make in the sense and why we doing this just so we can make the regulations save the regulations and save the regulators and save the bureaucrats so they can control it but none of it makes any sense the reason why its taken so long for these decisions be made is that they dont qualify as traditional securities theres something new entirely i think you know in the end washington bureaucracies are going to have to get used to the fact that we live in a progressing world where we have new kinds of things weve learned that private money is possible weve learned that Payment Systems and money can be wedded together into the same technology that was never true even 15 years ago so were going to have to have some movement here on the part of the politicians in the bureaucrats to realize a new reality has dawned and it got and it was dawned in january of 2009 when we 1st saw the big home could actually work now a japanese financial giant f. B. I. Is one of the key investors and ripple for years since the beginning so they have now partnered up with germany 2nd Largest Stock Exchange of course to guard group in order to promote the adoption of crypto and the demand for Digital Assets in europe and asia so now the institutional are fully on board what the landscape looked like for 2020. 2 the big change thats happened in the in this whole crypto sector has unfolded sort of gradually over the last 12 to 18 months i think were getting a new recognition that the Underlying Technology of block jane is the coolest aspect of all of this stuff and it can be adopted by mainstream Financial Institutions whats remarkable here is that the great vision if you want to call it that of a dissenter mediated future that many of us have held that i still hold it you know i do i do. From 10 years ago all the way today is not unfolding in the way that we imagine that what were seeing this block change technology is being. Absorbed by the existing intermediated structure. As a way of improving the. Existence systems are one of what you know im not going to argue with the market the market is speaking right now and there is an inbetween stage between nationalized currencies and fully privatized currencies and that is a intermediated private private currency that payments this was in together with the new token and thats where we are today you know and i believe in markets and i think we have to recognize as intellectuals we have to recognize that the markets are speaking to something thats true sure that grew quickly only about 30 seconds here but i want to get your take on this because over the course of the deck it right its up 9000000 percent i dont even think theres a question there its up 9000000 percent and people call it say that this is not a store of value you got like 20 seconds. Work it depends on when you got in right and if you got in last year youve made a lot of money forgot in 2 years ago you lost half your money so yeah its an edgy volatile technology but the smart money was in very early and those people have done very well for themselves i must say thats right by the way theres only 434 days in the history a big point where if you got in youre worse off so sorry if youre one of those people Jeffrey Tucker the American Institute of Economic Research thanks so much for your insight. 321. And lift off the rides of starlight you were human spaceflight. You know were a maybe it was just thursday when we told you that boeing would be launching its 1st test flight of the Starliner Space capsule a launch that in the future plans to involve human travel into space and at the time i stated what could possibly go wrong well now we know because on friday the starliner launch as you see there without astronauts with no problem and then separated from the booster exactly as planned after roughly 15 minutes but then theres that then instead of powering up the capsules engines to start raising it to orbit controllers delayed the maneuver because they determined that the starliner was not in the proper orbit in short starliner will not dock with the International Space station as planned and will instead return to White Sands Missile range in new mexico what could possibly go wrong at least i want any humans on board thats right youve got to learn right let them learn what happen next time there has been a fix that it didnt go up and didnt blow up i guess thats a positive they didnt waste hundreds of millions of dollars yeah i mean you can you get to try again so theyre calling it a Software Issue i think weve heard that from boeing before though Software Issue but this time again i think theyll trust what theyre actually saying thats. Today thats over this time you can catch a boom bust on directv channel they tell you one dish network child 287 on player t. V. The free t. V. Ad or as always you could have us up at youtube dot com slash boom bust r. T. To see about your next up. Is youll media reflection of reality. In a world transformed. What will make you feel safe. Isolation little community. Are you going the right way or are you being that. Direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Or a maybe in the shallows. I had a spiritual experience. And i had the little girl that died in the fire sent their collins. Finding their words that. Were looking for a candy reaching. 54 years old and 21 years on death row in the heart. Of a crime i didnt commit. I only knew that he was innocent and read to understand that nobody would listen. You know your new. Car was pretty much you for. Your head im guilty for that. Nobody. Not people. Are true to me hasnt forgiven himself for something. I knew she was there and i knew exactly what i was doing. People like. Sometimes theres no explanation. Of place. Must go has planned washington think sions on russias north stream to gas pipeline to germany saying its crossed the line against its nato allies. Gives an angry reaction as well branding distinctions interference in domestic affairs. Also this hour u. S. Court rules that american spy agencies can collect data on citizens without a warrant if done by accident thats the lessons of the National Security Agency Whistleblower Edward Snowden who would do the lid on u. S. Mass surveillance seem to have been forgotten and you tell us who Edward Snowden is. Wait a 2nd snowden is not. Not to brush the guy that he. Summoned from