From lovett on although the country does not currently have a treaty with japan going skipped bail to in december to board a private plane and escape to love anon where he is a citizen he now plans to hold a News Conference on wednesday where he said he will reveal quote actual evidence that proves that there was a coup to stop him from murdering nissan with were not he said he would identify people at the News Conference that he believes were behind his arrest over financial misconduct now this will be the 1st News Conference for mr gone since his arrest in november of 2018 and the saga continues now here to help us break down all the jewish info in this whining caper were happy to welcome back hillary for white board member of the British American business association. So hillary thank you for being here now to start out there is a lot of news with carlos ghosn which has now become somewhat of an International Affair so japan has now issued an arrest warrant for golems wife carol which according to the wall street journal is rooted in the suspicion of. Perjury so what could this throw an entire investigation what obviously is going to throw a wrench but actually when you look at the timing remember it was because he announced that he was going to deliver a press conference on tomorrow wednesday that they suddenly arrested her so its sort of like weird timing on that if they were so concerned about her why didnt they arrest her previously also they were able to see one of her passports but they didnt seize her u. S. Passport that was when they searched so the suspicion is also what they want to do is they want to have the u. S. Extradite her because they have a we have a trade and extradition agreement with the japanese whereas lebannon doesnt so theres a lot of factors here involved and yes shes a accuse the poetry on both of them are accused of things by courts that have a 99 percent conviction rate so were going is basically saying is this is not a trial this is a rigged system this is a political system and hes also said that it is press conference hes going to release information about the fact that this all executives have been cooperating with prosecutors so what can we can we expect from this News Conference on wednesday i think with the lizzie i think is going to be highly anticipated event you know well all be watching it i think the issue youre going to see is youre going to see that hes going to be revealing some really Sensitive Information as i mentioned you know that this some executives have cooperated with the japanese authorities they did not want the deal with reno to go through that is really the crux of the issue and it seems that they have trumped up charges however one of the charges is that he funneled funds from nissan into another company and that that company then kind of gave him a kickback in other words he was taking more than his salary from this proceeds and so thats what hes being accused of of which of course he talking loudly denies so lets hop over to the euro zone real quick where Boris Johnson is now hosting the European Commission president Ursula Van Dillen as well to do. So now given that these talks are going to be very crucial because the u. K. Is still set to leave the e. U. Come january 31st so. Can we expect to come out of these negotiations with a couple of things actually i think it was the daily express who was saying that you should expect a lot of bomb from Boris Johnson i mean its a very different situation than it was a treat to me of course is empowered we all know that he had an 80 seat majority in the recent election he is very empowered by the British Public to do as he says hes going to do he ran on a no nonsense exit from the e. U. So hes running on the there will be a brics it on january 31st now ursula von laden on the other hand obviously being german shes actually a doctor and a mother of 7 so any woman that has a mother of the mother of 7 children so you can negotiate but what shes there to do obviously even though shes with the e. U. One thing thats very interesting as she worked with uncle morkel for so many years and her cabinet shes very familiar with the pressure from German Industries to to make a deal so both parties dont want to have a crushing out they dont want to harbor exit Neither Party wants to have to go turn to the w t o she can stand and so what i predict is both want to come out saving face so he wants to come out definitely by the january 31st the reason the e. U. And slow want to want the exit of the Great Britain to stay in is because of course dues are 11000000000 if they can in any way extend the u. K. Staying in the e. U. They will retain that 11000000000. 00 in fees those 11000000000. 00 all going to be replaced by any nation so ho job is to make this a smooth transition shall try to extend hill try to keep it tight and i think youll see them both coming out making concessions the one thing that empowers Boris Johnson actually even more than the election by the British Public is that dont trump wants to do a trade deal so on his arm trade secretary of list trust him to do both at the same time concurrently the e. U. And the u. S. So if he does that and they he manages to get a great u. S. Trade deal the e. U. Will be jumping and desperate to have one so i predict hes going to hold fast he can hold steady and shes going to do everything she possibly can to appease him. You have she has no strength behind her otherwise a lot of moving parts will be sure to keep updated hillary forward to the British American association thank you so much were going to carry. The Intelligence Community is bracing for an onslaught of Cyber Security attacks from the assassination of iranian general soleimani the last week a group claiming to be the iranian backers the face a federal Government Library website with an image of a bloody president from the department of Homeland Security warned that this is only a hint of what Iranian Cyber Army one of the most sophisticated armies in the world is capable of it has a long history and cyber crime with the ability to target Critical Infrastructure from Financial Services like banking to health care and Utilities Bank of america j. P. Morgan wells fargo and state a group have all been victim to irans attacks and in 2014 las vegas dance was attacked once the Sheldon Adelson hoist support for israel the Global Business of Cyber Security spending is estimated to have reached 124000000000. 00 in the 4th quarter but even with all of this defensive spending studies show that cyber crime cost the world half a trillion dollars in economic damages and 2018 now this is far greater than the merits 300000000000. 00 in losses from natural disasters all fortune 500 companies have been put on notice as they could easily become Collateral Damage if this geopolitical crisis escalates. And now to give us the macro outlook we welcome back steve keen professor of economics patria so the 1st off lets start with iran and the u. S. Tensions have now as collated and theyre rising as we speak as a raw National Security council said that iran is a value 13 possible retaliation on the u. S. So what could this possibly entail as companies now are all bracing for for some sort of cyber attack. All of a somber. Text can go virtually anywhere its its not you know because im attacking everything in writing code like its really a question of knowing youve got some songs that are vulnerable and you havent been using those thoughts and now you have the motivation to go ahead and try to push them so there would be a list of top simply you know in america would have been as well frankly as more playing well than the other country on the planet saw sort of on what they can get into an advantage if they wish or and they in fact i know that the americans did that some parts of the Iranian Nuclear if it the last 15 years so that were doing the same thing back the trouble is if we know the extent to which i call this is driven by the so i was just some of these days so you can find it on her abilities and you can shut down Bank Accounts you can cancel contracts you can scramble documents. A range of possibilities. I notice theres one recent blackmail attempt happening with a i think its one of the travel. Check Exchange Systems there on a 6000000. 00 blackmail to get that down to back again so that sort of thing now Market Reaction despite these threats had been quite muted considering the fact that these there are massive geopolitical implications and the potential fallout stocks are little changed today and despite a flight towards safety assets and thats just seem to be downplaying the importance of solomonic why do we have such a lazy response on the market. The market always has a lot easier sponsor people think news stross than not one of the best critics of the of the markets here it was a comical bob hagen and hes a wonderful analysis of about 100 years of data shaking when there are big incidents and looking at the big movements in the Stock Exchange and you get initial slike and full on small coming out of the out of any particular piece of news and by the end of that its washed out in a smiley dominated by the interaction of the speculators with off the speculators so going to be done quantity triste of the real news in the market is the market as functional idolise has. Now we also have a little bit of a fallout now between us and china as despite the january 15th deadline looming closer china still remains vague about how much it will increase purchases of u. S. Ag that in fact the vice minister of agriculture confirmed that import quotas for wheat corn and rice will not increase so how will a phase one even get fined if there is still disagreement over import quotas are we going to see this entire thing fall apart at the 11th hour again. I think most likely oh yeah i mean the real problem is theres no way america can be competitive with its Manufacturing Sector alone as the worlds reserve currency and so what trump is trying to achieve is always going to be impossible and and the basic response of people theyre going to like sean recent turn their attention away from americas an export ban definition and start looking at europe is still as well and given how annoyed a new year is by justifiably with how trump is that i was as president theyre going to go from the chinese access route the oppose it thats going to stick in quotes around 5 you know highway you idea pronounce of course. But this is just the other road direction so the fact that we are going to get a phase one was pretty much all responsible for the December Santa rally that we saw at the end of 2019 if we do have a fall out come january this will be a terrible start to 2020 what do you expect the rest of tone to be for the rest of the year. Oh does that mean in terms of the writing as the ocean the saying all sing song and dance act that leads nowhere with the stock market the stock market is dominated by the Federal Reserve and so long as the fed reserve is trying to rescue it from folding which is which is being doing it ever since the crash at the end of last year. And then also the repo market calamities that focuses are going to be hitting them which you know the Financial Sector so i think their behavior is going to out well anything that happens on the trade front so i was at a fix the stock market. Now imports fell one percent in november and the u. S. Mainly attributed to china and now the u. S. Trade gap is the lowest in 3 years and trump has been quite proud of this but is this something that even worth focusing on as many economists have argued that trade deficit is not itself a problem and is merely the result of a Strong Economy what do you think real quick. Well the trade deficit is probably driven by a stronger economy definitely an american get away with an indefinite trade deficit because its the worlds reserve currency and in fact its almost guilty even when you are there is a currency if you will have to manage your own currency about and beyond whats necessary to buy your goods so youre going to be valued. This. You see its not a worry its a sign of that in some ways the stimulus that trump was putting into the economy bear in mind that even though you know when he was in power fortunately what hes done in office is to run quite a lot of substantial government deficit its mainly going to the rich of course but its something which human rights the economy gets and its already actually a sensible thing to run a deficit much. Steve came professor of economics on page one thank you so much. From. Telegram is still battling the f. C. C. After the regular attack and followed a lawsuit to halt the launch of the Telegram Open Network known as tun claiming that the i. P. O. Constituted an unregistered offering of security now in the latest the f. C. C. Asked the District Court of the Southern District of new york to order telegram to provide documents and bank records of Investor Funds and show how the 1700000000. 00 were used now lets think about that for a 2nd how is this relevant to the case of determining whether or not the 1700000000. 00 was an unregistered security offering or not its not which is what telegram is arguing as it refuses to disclose these highly Sensitive Bank records saying that it has little relevance to the case in question good on them for im defending investor privacy now joe. Kevin pastel in new york also happens to agree as the f. C. C. Is request has now been denied telegram continues to emphasize that graham is not an investment product and not a security and therefore it is outside of the f. C. C. Has jurisdiction and that this entire lawsuit has been an unbounded fishing expedition as the f. C. C. Has no grasp on the nuances of how the tongue network operates. Time now for a quick break but hey here because just on the other side of the break we are on the ground at the 2020 Consumer Electronics show where boom bust sprenger war brings us up to speed on some of the latest developments in the field i think youre the system and as we get a break here are the numbers at the close. So these terms inflation and deflation they tend to end the connection between the finance economy and the real economy and sometimes the finance economy gets out of hand and you have crashes and sometimes the real economy gets out of and then you have stagflation because wages are too but sense 2000 and getting even more pronounced since 2008 we have 2 separate economies there for katie theres the privately owned Central Banks who print money for private the top 110th of one percent of private citizens and then we have the Service Class or the feudal class and these 2 dont interact any. Good food descriptions sound even for the owners so how to choose the pet Food Industry is telling us what to feed our pets really more based on what they want to sell us than was necessarily good for the pet turns out may not be the best people believe we have animals that have you know diabetes in arthritis they have auto immune disorders allergies we are actually creating these problems its a huge epidemic of problems all of them i believe can be linked to a very simple problem of diet and some dog owners so heartbreaking stories about their pets last treats the larger corporations are not very interested in proving or disproving the value of their food because theyre already making a 1000000000. 00 on it and theres no reason to do that research. Didnt. Follow it up 100. 30. This hand. Got started. Baby oil announced today its selling some of its north assets to premier oil a move b. P. Says is aimed at quote me shaping its north sea as a portfolio under the multibillion dollar Divestment Program this is a concern about Worldwide Oil prices and supply of the. The u. S. Goes to war with iran are too much money he joins us live with maher so john lets start with the b. P. Sell what does b. P. Expect to get out of this and why now. Well 1st of all b. P. Is going to make more than half a 1000000000. 00 on the sale 625000000. 00 to be exact so you know thats a big part of this just to kind of walk you through this in the viewers b. P. s north sea regional president ariel florida said in a statement that b. P. Has been quote reshaping its portfolio in the north sea to focus on core growth areas as a result of this focus we have also d now decided to divest our andrew in shearwater interests believing them to be a better strategic fit for another owner and that owner as you mentioned in the intro christie is premier oil which will now take over the andrew platform and b. P. s controlling stake in 5 surrounding fields along with a Minority Stake in the share water field which is operated by by shell oil 69. 00 b. P. Workers are expected or will be transferring to premi