company scientific and. engineering all jumped 10 percent in china after their virus detection kits tenting which makes these popular face masks also searched 10 percent in the past 5 days consumer cyclicals were the biggest losers take a look at this chart declining 5.5 percent while the broader health care sector gained 1.5 percent technology was the only other bright spot that green on the back of strong earnings with at least 8 cities on lockdown affecting over 40000000 people have a major lunar new year investors are bracing themselves for a week holiday spend probably affecting retail luxury tourism consumers transport and energy sectors to the downside now over in the u.s. shares of nano virus size taker and n b c a maker of nano medicines for viral diseases jumped 65 percent and novak's ticker and that acts 36 percent so it's kind of interesting when we see this happen you're going to get this. every time there's a big scare you would expect the stocks to go up but what's interesting it makes more sense that the face mask companies will do well right because that's an immediate response but when pharmaceutical companies start making all this money sometimes it takes years to get a vaccine actually created out to market in the case of sars for instance the vaccine took a couple years to develop and that actually kind of dissipated and become obliterated on its own just naturally it went away with before the vaccine could even come into to you know as i said would take a long time for these prophets to actually show it so this doesn't need jerk response by investors for the most part and you have to remember in the equities market a lot of this is also generated by algorithms right now so you see it every single time there is a natural disaster because merely earlier this month when between the u.s. and iran when we showed the heat map once again we saw this in the entire market was red except for aerospace and defense sectors which were the only green spots on the map so it's really interesting to see that those sectors those specific sectors in everything were not a disaster there will always be some sort of winner and then of course you also have to look at government money versus actual you know consumers buying this so are consumers going to the vaccines or is government money going to flow from the chinese government or even from the u.s. government into creating a vaccine that may not even be needed but the money still comes but i would suspect it is only a temporary dip a temporary pump up but this really won't last long because it won't be reflected in the company's actual earnings later on well good point for the 4th round of trial for bear kicks off this week on allegations that monsanto's we kill or round up causes cancer for cancer patients start trial in the missouri state court the company's home state the hearing is the 1st to take place outside of california and for more we turn to our to course want to see much of what. sarah brown said it has not had a trial since last may and the location in this case it's pretty interesting right because it is the agricultural subsidies hometown even though they've been bought up by bear what do we know about it well not only that not only is it the 1st case like you said been outside of california but it's. also the 1st where 4 people are actually in litigation and they're being heard it's going to be a single consolidated trial but it's also st louis like you said the headquarters where they are acquire the company for 60 $3000000000.00 this was back in 20 teen but there were 3 consecutive juries in california that found the company was liable for causing cancer right it cost them tens of millions of dollars and they were awarded to the plaintiffs but they are still appealing those verdicts he's pointing there but the company is pointing to studies that show that they did does not cause cancer and that it is safe for human use now the statement they released at the end of the day this trial should come down to the weight of the science and we remain confident in the extensive scientific record and regulatory assessments that support the safety of our good life estate based herbicides and that they do not cause cancer so it looks like they're going to continue to fight based on this promise you know how bears shares have tumbled since the 1st verdict in august of 2018 but today they're up 3 percent on the reports of a possible court case settlement so what's the what's been said about this well there are up like you said a little over 3 percent about 3.9 percent and they're still approximately down about 23 percent around $18000000000.00 since bayer purchased monsanto after these these cases started released so according to a court appointed mediator ken feinberg the number of claimants awaiting trial is more than 75000 but they are so that they've only been served with court the court number are below 50000 but this still number is still significantly high so traders especially are hoping that there should be some sort of selling on this deal for a settlement run from anywhere from $8.00 to $12000000000.00 this is what analysts are saying so they could settle which is why a lot of these cases have remained on pause in hopes that they can find some sort of litigation but in order to get the settlement i know that one of the things that 12 of their been asking for is they want some kind of a cap here that says if we settle like there's no more lawsuits this will continue to happen so. a big question about whether or not that will even take place and then of course we know as you mention there's thousands of people waiting right there waiting to get in on these class action lawsuits here and that's just in the u.s. do we know anything about overseas is it happening there as well well overseas a lot of other countries have either banned or significantly reduce the use of life estate based or push for it but we don't know of any lawsuits or at least none that have been made public but i do want to go through a little list of a few countries and cities who have banned or at least put restrictions on it so so far there have been about more than $400.00 towns and cities in argentina banning the weed killer brazil now brazil's the world's largest soybean exporter they rely heavily on this weed killer and it doesn't while there has been a push to ban it it doesn't look like it will be banned highly unlikely france plans to eliminate 2021 with some exceptions germany announced it will ban it by 2023 scotland 520-2210 counties in canada have placed restrictions on pesticides including life is safe and even a few cities here in the united states california has most cities here in the u.s. that have banned or put restrictions on life to say but they are i mean still fighting saying that the weed killer does not cause cancer only time will tell and how this will play out if they will pay or if these will continue to see some court cases. or for him of his ilk of thanks so much for your time of thank you. while 2020 started out strong on this week markets were roiled by fears of a corona virus outbreak and how that will affect global growth let's see how we ended up over in moscow the most was down as a coronavirus care suspended flights between moscow and china oil fell as travel and jet fuel consumption declined weighing down on the broader markets over an asian markets are already slowing down for the lunar new year holiday with financial markets in china taiwan and south korea close on friday over in shanghai the composite was closed on friday to kick out the year of the rat and will remain closed until next friday the market sold off ahead of this extended holiday in order to reduce exposure and then down 3.2 percent nasty week for china as it struggles to contain the corona virus and have shut down at least 8 cities as of friday and while farmers were celebrating last week over this colossal thinking of phase one between china and the us perhaps they were a bit too early soybean futures plunges 6 week low as the u.s.d.a. has yet to confirm these massive ag purchases by china now there's also a new concern that a massive soybean harvest in brazil would be more attractive to china than the u.s. soybeans this is due to the record crop prices making it much cheaper in brazil and who doesn't like a better deal now over in hong kong the hang seng likewise will be closed monday and tuesday next week in observance of the lunar new year the index dropped 3.8 percent after a ratings agency moody's cut its rating for the city to a 3 from a 2 and finally over in japan the nikkei fell point 9 percent for the week as the outbreak of the chrono virus in china has raised fears of a disruption as it prepares to host the 2020 summer olympics organizers are working with health officials to enact countermeasures and ensure that the games will not be disrupted down in india the sensex snapped a 3 day losing streak on thursday. as banking stocks led the recovery reporting strong private lending demand markets are likely to remain volatile throughout next week as trading volume will be very thin due to the new year holiday period and messages are now still waiting to see what the government presents for the union budgets on february 1st and if it will also unveil new counter measures in order to lift growth now down in australia the a.s.x. was up just barely point 2 percent as the virus ancel the a.s.x. just ahead of the new year period now this is a major holiday traditionally marked by high levels of consumption and travel of chinese tourism coming over to australia due to the outbreak though analysts are concerned it could flow through to australia's economy and crimp its growth and finally the all shares over in south africa and lower as well as oil and gas producers came under pressure the index to stand some heavy losses earlier in the week as a master sold stocks on concerns over the virus and to reduce risk ahead of china's weeklong trading break now over to ben for the rest of europe and america thank you for that all over in europe it's been kind of the same story but the cac let's begin there in france is actually down this week over fears of the coronavirus creating a public health scare in china though the index was way down on thursday it did actually come back up on friday by some 76 points the dax in germany well that is actually up there would struggle to hold that territory again over concerns of the virus the dax has actually been in record territory things to strong manufacturing numbers but the dax bucked the trend for most of europe which was actually down again thanks to fears of the coronavirus that was the case in the u.k. the footsie actually down and like the cac it dropped heavily on thursday over fears of the virus then jumped back up on friday over in the u.k. by 100 points let's go to south america where in brazil the ebo vesper which has had strong runs in recent weeks did not have a very good week this week actually finished down slightly up to north america now the b.m.v. in mexico is down here in the u.s. all 3 major indices they were down as well but again throughout the week it was fears over the corona. they cause stocks to drop they actually came back but then on friday news of the 2nd confirmed case in the u.s. that reversed most of the morning's gains all of this despite the fact that on wednesday u.s. markets actually opened at all time highs and then jumping north to canada the t s x they are the outlier over here and that things to cannabis stocks that's this week's market walk. time for a quick break but hang here because when we return japanese lawmakers are getting in on digital currency in the hopes of keeping out what facebook libra tell you how that went down with the digital currency landscape and as we go to break here the numbers at the close. of the government. would want to see governmental speed so we'll see in their tional crow jets which not realized has been planned. the problem i see is that these government is in my view much more capable to be more effective in doing what it's ordered to do the problem is that it will move in the leetle bit wrong direction so it will be a stated goal and then me and the idea is to makes the investment one more effective but it would be bad to yes private in the. both hold. on to the kid same compensate all boil to deny the body and. see if i know nothing because. it's not. going to. get the quick. move on the which i didn't get showed up the moon discover what i'm most an infant nicol going to be i didn't show up on my last. is not so much of it the will suffice it is a constant because aside it's a millions. i. picked. up from a bus made nice to us people by as good people slimed you of course knew the focus on domestic abuse that he's. going to get what. you see in the film was not present but most good movie didn't. really believe me. you'll make. it a little change when you don't let us. know what it is. and welcome back after 46 years in the e.u. the united kingdom is officially leaving you for this before right but this time leaders in the e.u. have signed the brig's it withdrawal deal the u.k. has agreed to abide by e.u. rules during the transition period until the end of this year the queen approved the agreement on thursday and the next week the european parliament is expected to vote but let's face it at this point that's really just a formality the deal was backed by the parliament's constitutional affairs committee on thursday interestingly the european commission on friday published a slight show which includes 2 maps which provide examples of work customs checkpoints on goods will take place between great britain and northern ireland those checkpoints that were something the prime minister boris johnson had said would not exist. and after threats of $2000000000.00 in new terrace from the united states france has decided to delay a law placing a digital tax on big tech companies like facebook google and amazon the law which was passed in france places a 3 percent tax on the total annual revenue generated by providing services to french users now french president emanuel micron's said that he and president trump has agreed to work together on a good agreement to avoid escalation and in the meantime france has agreed to postpone the tax until the end of 2020 while the us has agreed to postpone tariffs on wine and cheese. c.e.o. brad garlinghouse has just dropped a bomb on the crypto market revealing his intentions to take the pub money public now let's think about that for a 2nd when a company i.p.o. is itself its shares to raise money but up until now the company has been selling point x r p to raise funds in fact since 2016 the block research estimate that was sold a total of $1220000000.00 worth of x r p so if it now decides the sell shares and go public x. arc he could potentially be worthless obsolete needless to say x r p holders are not happy with this so with more let's go to jeffrey tucker and justice at the american institute for economic research so let's start there now this is pretty controversial garlinghouse said that he expects to see more i.p.o.'s in the crypto block in space he claimed it's the natural evolution for the space now wasn't the entire point of i see those ideals or even as teoh's to avoid going public to avoid paying these high fees to the bankers to avoid the high barriers to entry is guarded by wall street's big 3 gate keepers and to take the middleman out of the entire equation so right now doesn't this totally negate what these tokens were originally created for. maybe but also remember that x. or p. and ripple has always been a player right even from the very beginning they have been working with the f.c.c. working with a big bag savoy's wanted to be kind of a bridge from a free up money world dominated by governments and intermediaries crypto world so and this is one of the reasons the crypto community is not so nuts for ripple. but i.p.o. here would make sense for this company is just sits with their long game strategy to play along with establishment sign it so i mean let's remember the blocking came along as a kind of magic internet money 11 years ago and a lot of people dismissed it excerpt he was the 1st one in the space that said it does the cool innovation we can incorporate it into the existing structures so that's all. it's been their corporate ethos but let's remember too that an i.p.o. and an i.p.o. in this in this case you know. we're talking about a security that that ownership right in the company. the route the token itself is not that it's not a security it's an owner it's a ship right and i'm in a protocol so that's really a different thing so i don't actually fully expect that an i.p.o. from from rypple would impact the valuation of the token itself i think there's really separate things and i can completely imagine that they would work in parallel everybody's underestimated or ripple up to this point. and at least in the crypto community if you have underestimated they've tended to make very strategic decisions for the company so i p o from ripple it makes sense to me so not not getting too far into the weeds for people who are trying to follow along what you just said but try to keep it very simple so x r p is essentially like a utility token it has an actual usage and therefore it would have value as long as it was continually used it's not just kind of sit on the sideline like an investment right that's what you're saying. that that's really true it is used for international payments and that's what it was used for it was. the idea of was to overcome the problems associated with conventional mediation and finance and to use block train technology to kind of bridge the differences between the 2 and introduce new efficiencies so yes it does have a use case and you own it to use it or to benefit from the increase valuation that comes with other people using it but that's very different from having a security which is an ownership right in the company itself that issuing the token so these are really different things that really important for regulators to understand this right if they get confused about this you know not everybody's got problems they don't understand that at all good and right now half the people in x. are paid they're not using it by the actual utility they're holding it like an investment so back when you lose does your $3.00 even now when at that $22000.00 that value as a utility token it's not worth $0.22 so we're expected to see a major devaluation even though it does have a utility purpose i don't know it's really difficult to say what all these crypto things are actually worth as if as if their worth is different from what they're trading at i mean that might be right but let's remember this is still a do technology has a lot of speculative value built into everyone descript i mean i think we i think we know this nor do i think is there anybody alive who knows what these things are actually worth i think what they're actually worth is what they're buying and selling for right now and nothing else or anything could happen next r.p. could yeah it could fall to 0 but it could also be worth a $1000000.00 i mean you know the same thing you could say about you know a big big car and all the other versions of it climb out there so crypto is that as a complicated technology it can't be valued the same way you're valuing stocks i think that much we've learned over the last 10 years. that's the only thing the f.c.c. understands is how to value stocks and speculation now that's the shift gears here for a 2nd because we're talking about big coin kind of interesting phenomenon coming to light here as exchanges actually hold more big coin than ever before right and coin base is nearing 1000000 bt s