Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actual thats must been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104 1000000000. 00 into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only that but they also include 28. 42 day term loan repos into this agenda and thats the new news for right now so the. Theyve tried to inject money into the system consistently that has not solved the problem so now theyre extending the term and trying to increase more liquidity and right now the most worrisome part of all is that theyve made this the new normal so whats going to happen when they take their hand out of the Banking System right now they cant i think we all know youre a. Amazon is saying not so fast to the pentagons 10000000000. 00 Cloud Computing award to microsoft claiming that the process was not fair it was just over 2 weeks ago when the Defense Department announced that it would award the 10000000000. 00 Cloud Computing contract to microsofts Cloud Computing powerhouse. It was a surprising moment as analysts thought amazon would definitely get the contract now amazon is claiming unmistakable bias thursday. As he said that amazon is contesting the war thats a contract it was based on politics saying that the d. O. D. Could not objectively awarded the contract while President Trump was disparaging one of the contestants back in august President Trump said that amazons bid for the jet i contract was under review by his administration because of complaints from other companies it is true that the president however has criticized heavily amazon owner jeff bezos the Company Released a statement saying numerous aspects of the jet i have allegation process contain clear deficiency errors and unmistakable bias and its important that these matters be examined and rectified. Giant Tech Companies are now getting into the finance industry concerns lingering over the lack of regulation for these social media platforms continue and some even wonder if personal information including political beliefs are even gender will impact someones finances r. T. Correspondent atocha suite takes a look at what the new trends are in the works for these companies. Google announces it will begin offering checking accounts next year then moe will be launching a credit card in 2020 while facebook is launching a new Payment System after companies build on their libor project but with ventures like the apple cart already seen harsh scrutiny itll be interesting to see where the market goes some tech giants have already entered into the finance industry google is made. In the boldest move yet set for checking accounts to consumers next year called cash the project will be financed through citigroup and the Stanford Federal Credit Union but concerns are circulating as Silicon Valley leaders like apple and facebook have already encountered issues in the banking world this as consumers are worried about just how much personal information these social media platforms are collecting and exactly how secure their information remains but a google executive said in a media interview they do not intend to sell consumers data sees or send group a says if we can help more people do more stuff in a digital way online its good for the internet and good for us but not everyone is jumping on board former governor and current democratic senator of virginia mark warner says im concerned when weve got whether its libra or the google proposal these giant tech platforms entry into new fields before there are some regulatory rules of the road because once they get in the ability to extract them out is going to be virtually impossible as new ventures begin some like the apple cart already off to a rough start tech entrepreneur david heim or hanson tweeted the apple cart is such a sexist program my wife and i have filed joint tax returns live in a Community Property states and have been married for a long time yet apples black box algorithm thinks i deserve 20 times the credit limit she does steve me at cofounder of apple responded to the tweet saying quote im a Current Apple employee and founder of the company the same thing happened to asked 10 times despite not having any separate assets or accounts some say the blame is on Goldman Sachs but the way apple is attached they should share responsibility then most will be launching its 1st credit card with Synchrony Bank next year the idea is looking to help them move generate more revenue mobile Payment Service use as an app is an arm of pay pals said to be a profitable secretly bank already finances e bay and amazon i actually dont know if libor is going to work. But i believe that its important to try new things and islam as youre doing so responsibly thats what has made america successful and its why our Tech Industries let the world not everyone was convinced that facebooks idea of a global Payment System known as libor was a good idea but Mark Zuckerberg isnt letting regulatory concerns given the way of facebook jumping into the finance industry the tech giant is launching facebook pay this week the initial use of the Payment System will be used to send money to friends shop for goods and donate to fundraisers over Time Facebook plans to incorporate facebook pages into instagram and whatsapp well the notion of big tech jumping into the finance industry could offer many potential benefits such as promoting associated gains in Economic Activity there are also some major risks involved in addition to Consumer Protection some analysts point to big Tech Companies utilizing data from their existing platforms some say this could spark rapid change in the Financial System ultimately were to seen competition in los angeles and i just sweets are. A lot of red arrows on the board today as why growth remains elusive despite continues attempts by the Central Banks to intervene lets see how we ended up. To start the most ended the week down as g. D. P. Growth of the 3rd quarter came out 1. 7 percent below the ministry of Economic Development early estimate of 1. 9 percent growth was mainly supported by agriculture on my knee and there is concern that Economic Growth over the next few years will be impossible without new Capital Investment over in shanghai the composite fell on friday to end the week lower with the countrys blue chip index posting the biggest weekly decline in more than 3 months amid uncertainty around the china u. S. Trade deal interesting how uncertain china is about a deal materializing and how certain the u. S. Seems to be when both sides have to agree and sign investors are now looking for more clues on beijings policy support in the midst of a slowing economy the composite shed over 2 percent making it the worst week since september 27th over in hong kong the markets continued to fall as riots and chaos engulfed the city the violence has now escalated to a new cadence as this week a man was doused with an accelerant and set on fire for talking trying to talk and reason with the rioters short selling is back in fashion with the futures open interest rising to 7 months high to over 144000 the notorious head basss back hammering away at the peg over in japan the nikkei fell less than one percent as high beta shares those that are the most sensitive to economic cycles slumped on trade uncertainty and the sluggish Business Environment japan the worlds 3rd largest economy after the u. S. And china expanded point 2 percent in the 3rd quarter weaker than expectations a large part was due to lower exports and the effects of a weaker chinese economy over in india the sensex was also down for the week following the downbeat in asia on monday indias Industrial Production shrank for the 2nd consecutive month in september to 4 point 3 percent making it the worst performance since 2012 the contraction was mainly due to poor performance in the Manufacturing Sector as cyclical still remained weak. Down australia the assets doubt some gains as tech maintained their winning streak for the 7th consecutive session gold and mining also rose as investors sought the safe haven of Precious Metals amid uncertainty over the phase one deal and finally the all shares were down after a raise agency moodys slashed south africas Economic Growth outlook for 20221 percent and reduce its outlook from stable to negative due to the unsustainable Government Debt now to banks want by the rest of america and europe all right kristie thanks for that lets go over to europe right now the characters up the dax is near even as talk about the u. S. China trade talks continue to keep european markets pretty much on edge germanys dax rose point 2 percent french is Frances Calkins he gained 4. 4 percent those shares mostly rose on friday after u. S. Government officials said that they were getting close to an agreement with china to cool tensions over trade over in london the footsie traded down out of the Opposition Labor Party they widened their Electoral Campaign promise to renationalise Big Industries they do have a plan to take over parts of broadband and that provider bt to offer Free Internet shares in bt the former state full monopoly they were down over 2 percent over in brazil the evil is down following a 1. 78 percent interest in some analysts here point to the release of an ex president of brazil lula walking free from jail after the Supreme Court defends and explains that convicted people will only be arrested quote if they have exhausted their appeal options and quote that may have impacted the way the Foreign Investors are now viewing the country the b. M. V. They traded down this week after it got off to a rough start but they havent they got a pretty serious comeback over there in mexico for the past few days because the mexican economy is seen to bounce things to news that the u. S. Trade agreement with canada and mexico could be approved even still this year in the United States 3 major indices they have once again hit an all time high the dow jones hit a fresh record high on friday after white house economic adviser larry kudlow said that china and the u. S. Getting ready to close that trade deal the 30 stock average. Traded 150. 00 points higher or point 5 percent the s. And p. 500. 00 the nasdaq they made a new all time highs climbing point 6. 7 percent respectively and in canada the t s x also traded up this week up by about 0. 31 percent canadas main stock index continued its journey really into record territory with games in the key energy and material sectors it also helped to offset losses in the Health Care Sector that includes big names in the cannabis business and that is your Global Market wrap for the week. Time now for a quick break but because when we return facebook discovers a bug in their app which they have met allow i phone users camera to operate without them knowing. Officially launched streaming application garnering millions of subscribers in just one day what could this mean and even traditional Cable Companies get into that later as they get a break here the numbers at the. Time of the time corporations repeat the same mantra sustainability its very important to accelerate the transition to sustainable transport sustainability and more equitable and sustainable well. They claim that production is completely harmless. The. Companies want us to feel good about products while the damage is being done far away this is this going to. Be. The last. 2 become my. Point its not going to be good youll see i walked up and seen the last. Of the socalled individual as opposed to this. A strong belief. Society and the freedom of the individual. Is a tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been fully implemented for inside venezuela things look different were going to announce sanctions against petroleum to venezuela associate. Famously have a supplement to. That outpost and. The people. Hope the whose story isnt new nixon called in Henry Kissinger to tell him that it would not be tolerated in latin america. Terms of economic and social system could take hold and therefore the policy would be to make. The chilean economy scream so wants to make conan the of venezuela screed. Good food descriptions sound up to tell using even for the owners so how to choose the pet Food Industry is telling us what to feed our pets is really more based on what they want to sell us than whats necessarily good for the pet turns out may not be as healthy as people believe and we have animals that have you know diabetes in arthritis they have auto immune disorders they cant allergies we are actually creating these problems and its a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets streets to larger corporations are not very interested in proving or disproving the value of their food because theyre already making it a 1000000000. 00 on it and theres no reason to do that research. So it might be one of the most single important stories ignored by us media the Brics Alliance and the efforts by 5 nations brazil russia india china and south africa to cut the u. S. Dollar out of the nation to nation trading thursday the bric summit wrapped up in brazil and some of what those leaders of those 5 nations had to say is pretty telling. I would suggest to increase the participation where credit is offered in local currency i believe that it would reduce cost and risk and would strengthen our currency these bonds. Program so that in our next summit we can reach the goal of 500000000. 00 of commerce intra brics we made a commitment that event should benefit not only brics member countries but should also be able to extend its horizons to the emerging markets and developing countries like our own countries or brics leaders also discuss creating a Digital Currency or even a crypto currency which could be used to get around the swift Banking System a us dominated system for transferring money internationally. Facebook is under fire yet again this time for invading its members privacy it turns out that the social media giant could have been sneakily as a i phones camera while using the facebook app at least thats the case if youre using it on an i phone our taste trying to chavez explains. I phone users beware it appears that a system bug is allowing face but to access users i phone cameras while theyre using the facebook app scrolling through their feed the news now sparking fierce reaction i dont think its that bad i dont normally is right facebook users took to twitter saying that their phone cameras were activated automatically whenever they were using the facebook app thats an invasion of my privacy i mean that this is also a media we dont see that one user Joshua Maddux tweeted out this video showing that when he scrolled through his social media feed the app would actively use the camera he said found a facebook security and privacy issue when the app is opened it actively uses the camera i found a bug in the app that lets you see the camera open behind your feed note that i had the camera pointed at the carpet earlier this month several other users spot of the bug one user posted this video and said today while watching a video on facebook i rotated to landscape. You could see the Facebook Instagram story you i for a split 2nd when rotating back to portrait the story camera at you i opened entirely a little worrying facebook confirmed a bug in the latest version of the i o. S. App the company said in a statement we recently discovered that version 244 of the