Transcripts For RT Boom Bust 20240713 : vimarsana.com

RT Boom Bust July 13, 2024

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

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