Have we reached a bottom or is this still more room to fall for oil prices its possible that theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see will fall further and therefore will fall through the 50. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on shorts and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know ranting supertankers and will facility space in south korea to the to the millions of barrels of oil that theyre storing on that oil will eventually rise and i believe that theyre right now sean are we still looking at a chance that chinese Oil Storage Capacity could actually run out and oil prices overshoot even more to the downside. Its possible they dont really publish their numbers officially but from what i gather theres about 400000000 barrels that theyve already got in capacity that are that used up and theyve got about another 100000000 still to go so theyve got about 20 percent for my estimation of what theyve got list the good thing is that some Chinese Companies some refineries that are not state owned are going in and buying oil right now while these prices are so low and these traders i mentioned earlier coming in and buying right now and it is a patient of eventual higher prices so thats thats the good part now weve been following reports of the princess cruise ship that is currently quarantine in japan right now and weve had reports out this morning and 14 americans tested positive but were asymptomatic so they were deemed ok to evacuate and travel now later and this afternoon the number has ballooned to 44 americans so whats the latest there and whats going to happen to those people. Yes so youve got over 3000 people of which at least 2200 of them or in the process of coming back now and so youve got them coming back on planes you know tight confined spaces going out to 40 countries at least and and again we dont know you know they have been quarantined for a couple weeks and some of these countries would usually quarantine people for another 2 weeks which i think is a good safeguard but like you said earlier in the broadcast you know there have been cases 34 days out 94 days out where there are still cases happening so if you can imagine just a handful of cases in 40 countries or 30 countries you know it could still become from you know more epidemic proportions to pandemic if things werent squelched and do you think that the outbreak will will actually balloon further once they actually reach their respective countries because as you know china has been on a very tight lockout but not everything on china country is as strict as china in terms of quarantine process so in the case that these americans get evacuate and these europeans get evacuated could they actually just spread the disease further in their own countries. They absolutely could and one of my biggest concerns is africa because they havent really gotten on to you know it all and Different Things like that that theyve had in the past so quickly and it took them quite a while before they were really able to get that snuffed out and even some of that is reemerge and more recent so there have been a case reported there so that some of my concern there as well hopefully it turns out much better than we think but absolutely its a possibility i want to transition a look at the Global Economy in this respect now the debate here oh announced on monday that Global Growth is likely to remain weak in 2020 now the goods trade indicator fell to 95. 5 indicating trade growth low medium term trends now whats alarming is that this new figure does not take into account what is happening with the crow outbreak which could dampen trade prospects further is this the catalyst that will actually send the world into this global recession which weve actually been talking about for the last 6. 00 to 9. 00 to maybe even 12 months. So my concern this time around is a little bit different from previous times usually youve got one main catalyst that spurs everything and you still could have that this time but youve also got you know a slowing Global Economy youve got an overvalued dollar youve got the coronavirus you could have this you know intersection of several Different Things that really creates you know some temporary chaos that unwind you know the markets you know over the next year or so so that is one of the risks thats definitely out there the good side of it is gilliatt is working on something a treatment that could be released anywhere from the end of the month to even 2 to 3 weeks from now and so that is one positive so that they can get their handle on this and get it treated fairly soon that is a positive so as you just mentioned we do have this scenario where we had to have this perfect storm kind of growing but in the meantime their central of the worldwide Central Banks are all being very supportive so if we do have some of the downturn will it be gradual or will it be like what weve seen previously in history where there is obviously a flash crash and when it comes it comes very suddenly without warning. I think you can be very severe and that youve got a lot of people on margin a lot of people thinking that the stock markets are one way bad and theres this belief now that the central bank can prevent any any downturn so just by every dip and thats not the case i mean you look at 2008 in 2000 those were 40 to 60 percent corrections in the market crashes really if you look at that way and the Central Banks couldnt do anything about that then or else they would have very sudden without any warning so this kind of have to be vigilant about that john hyman of the logic thank you so much for attack you. And the u. S. Ambassador to germany on sunday issued a warning to nations who use quote untrustworthy and quote telecom tech in their 5 g. Infrastructure saying it could affect intelligence sharing now Ambassador Richard grinnell tweeted that he had just received a call from President Donald Trump aboard air force one and was instructed to make clear that any nation who chooses to use an untrustworthy 5 g. Vendor will jeopardize our ability to share intelligence and information at the highest level now clearly the ambassador is referencing the use of chinese giant wild ways equipment in the implementation of 5 g. In europe specifically germany which has yet to decide whether to ban the company now the u. S. Attempted to play similar pressure on the United Kingdom however the country decided to allow use of weiwei equipment in a limited capacity last week you will remember the u. S. Prosecutor in the u. S. Prosecutors brought additional charges against wall way saying the company conspired to use deception to steal trade secrets and u. S. Technology charges also accused 2 u. S. Based obsidian of weiwei with conspiracy to commit racketeering. And for more on this we welcome in investigative journalist and boom bust host ben swan ben thank you so much for joining us today now its unclear that ambassador dollars referencing the 5 eyes intelligence sharing and his tweet us defense secretary marc asper also shared similar concerns while in the at the Munich Security Conference over the weekend saying it could put nato at risk the use of weiwei what do we need to know about how this all relates to this Chinese Telecom giant. Well i think at the end of the day what were seeing right now is this kind of consolidation of claims being made against weiwei all of them really coming from the u. S. And whats fascinating is its coming from both sides of the political spectrum here youve got nancy pelosi making all these warnings about what way president has been doing it for months now so we see this kind of consolidating but whats not breaking through over in germany in the u. K. In other countries as well is the realization that they have to do with the u. S. Is saying or that europe has to run away from while we look when these countries are looking at doing 5 g. Build up because thats really whats at stake here theyre trying to do 5 g. Build out and what they find is that the cost to to really implement 5. 00 g. Across the nation is significantly higher than had been previously predicted thats the 1st problem the 2nd problem for that for these countries is that while weight is anywhere from 20 to 30 percent cheaper than its rivals so its much less expensive and then thirdly you have while way having already in the past built out a lot of the infrastructure for telecommunications in these countries so if the u. K. Or germany were to follow what the u. S. A saying not only would they have to be delayed in building out their 5 g. Infrastructure not only would they have to spend substantially more than they had already planned to spend but they would also have to go back and remove from their Telecom Infrastructure work that while we have done in the past which means further delays and even higher cost now we also have 510 year a spokesperson by the tide of ministry of Foreign Affairs correspondent to comment pointing out the obvious hypocrisy in the statement i referred to the tapping of german chancellor Angela Merkel of i phone so does the u. S. Past record spy on foreign leaders put them in kind of a tough spot when trying to take the moral high ground here i think it absolutely does kristie i think that is exactly the problem of the u. S. Has when he goes around the world waving this flag and saying look out look out the chinese are trying to spy on you when we know. That the u. S. Hasnt just been spying in the past that continues to actively spy every spy apparatus in the world that has been used with any success from the 1950 s. Until present day the us has led the world in that development as we talked about last week the story that broke about the encryption devices that the cia was actually funding and selling to governments around the world who thought they had legitimate and that wasnt just hostile governments those were also allies of the United States including germany and then of course the example that you gave a minute ago which is that we know that as recently as just a few years ago that the n. S. A. Had actually tapped the cell phone of Angela Merkel and they were listening to our phone calls in that is so enormously problematic when you now go to germany and say do you want to trust the chinese because theyre going to be listening when we know the u. S. Is listening so for those countries theyre saying if the u. S. Is going to listen i mean is it really a problem that china is listening as well. And actually also in munich you you brought this up just a minute ago but i actually want to play this clip of the she spoke on the issue on sunday in germany about why way listen to this. Values this is there any changes this is that choosing to see a region of the sea leave nation harbor its now. Putting the state police in the pocket of every consumer and these countries because of the chinese way thats right ben she did mention that i was at the information superhighway she brought back im not a percent positive there but but either way i mean what we look at this what should we make of this type of rare bipartisanship support in the criticism of why way are these 2 sides cant come together on anything yet while way is the Common Ground here. Yeah the Common Ground is chinese are bad the Chinese Government is listening and i love how she says this would be an autocracy not a democracy and so where it went is nancy pelosi or President Trump now its for trumps sake he is a guy who loves government control and listen we know that but nancy pelosi who pretends that shes warning about you know essentially state police being able to listen in on this so when if she ever stood up about the n. S. A. Doing this or the fact that bill barr the current acting attorney general is demanding that Companies Like apple and facebook do away with encrypted and must implement back doors and i would remind viewers that when the u. S. Government sits right now complaining that while we had access to back doors for Law Enforcement the reason they had access to back doors was because those back doors were put in because the u. S. Government insisted that they be there they wouldnt have even had back doors in existence had it not been for the u. S. Government bents one host of boom bust thanks for your input here but i want you to stay right there because i was going to be back after the quick break. And now time for a quick break but hang here because when we return i made writing funny and yet facebook had mark a very good meeting with the regulator so could that have an impact on legislation Going Forward will be back on the i thought of. Im going to fulfill the repeated promises apologise to the people and promise to be you know its all pots to. Be a. Pretty. Pretty rare bird. Now you want to 1st correct that. You know. Paul. 5 you know beneath. The kind of good intentions which i think its worth christening and maybe even 40 years ago there was simply a very thorough way to see things you know see at the end of pleasurable lives. I 1st heard about leaks. From the helicopter folks in iraq. I think down actually people who knew the u. S. Military who have never forgiven for. This guys a traitor and treasonous and and he had broken every law United States illegally shoot some of them he was really the story to have. In the. And then journalese dad with his cute or closing soon is a lot of crimes and to a global audience. The idea of developing an anonymous prompts and applying it to a Media Organization is because he thinks that was a 1st. And didnt control interest i had 15 would be for a short while world fighting in rome and one of the worlds most powerful news organizations curiousness and except for founder julian a song you assume. There was a great deal of jealous in the mainstream towards. A pill of why i wanted to be more like off steam. Meaning feces on the walls. Smile. Please let. Me have julia. In solitary confinement prison for terrorists a way to keep the house alive person. I dont want to see him die in the u. S. Prison. And i think thats what hes facing. Were still in an era of resource colonialism again this is a big risk and the one big thing that could really inhibit the kind of electric vehicle revolution that a lot of us want to see is if we cant resource the battery components in a sustainable ethical way and its not going to be a successful revolution. Welcome back amazon and Walmarts Flipkart have found allies in fighting a proposed tax in india which would hit 3rd Party Sellers on their platforms as we previously reported online retailers will face a one percent tax on each sale made by 3rd Party Sellers on their sites beginning in april so the new tax would still need approval from the countrys parliament now according to a report from reuters the federation of indian chambers of commerce and industry is preparing a presentation for the government which states the tax would cause irreparable loss to the entire industry with increased compliance burden this will also lead to reduced trading activity now also according to reuters another group the Us India Strategic Partnership forum is simply asking for the tax to be delayed until april 1st of 2020 would the government is pursuing the plan to increase tax revenues and fight back against an economic slowdown brought on by weakening weakening consumer demand. It is not yet responsibility to adapt to facebook it is facebooks responsibility to adapt to new rules that is apparently the messaging coming from a short meeting on monday between facebook c. E. O. Mark zuckerberg and the e. U. Industry commissioner bratton friends says that so far the social media giant. Proposed internet rules are insufficient he said quote its not for us to adapt to this company its for this company to adapt to us friend a former c. E. O. Of French Telecom provider orange and French Technology company as i was told reporters after the meeting read tows also said that he would like to decide by the end of the year whether or not to adopt tough rules as part of the Digital Services act to regulate Online Platforms so now joining us again from atlanta is the cohost juan so ben brennan essentially said that facebook maybe more so than most other social media Tech Companies has a responsibility to control what is on their platform so why does friend think that facebook isnt taking this role seriously. Well i think because facebook is not taken seriously look as you know you guys know i am not a big defender of facebook in this rare instance i would say that facebook is in an interesting situation because certainly the way the e. U. Views the role of the kind of role of social Media Companies and the way that theyre viewed here in the u. S. Which is where almost all of them have been founded at least you know when were talking about google and were talking about facebook and apple those companies when theyre here in the u. S. They have a very different view of what their responsibility is within kind of the marketplace of ideas and so what i think the e. U. Is looking at is saying look we believe that you need to crackdown and control your platform you need to know exactly whats happening with that whos on it ban people at any any time its necessary and i think what they spoke of lean back on is saying hey we shouldnt have to be so heavily controlled the problem is is that zuckerberg kind of rose people the wro