I. This is boom bust that one business show you cant afford to miss friendship or in washington coming up new chinese restrictions may cause problems with the sale of social media after tax u. S. Operations as reports indicate a deal could happen within days well dig into the details plus chinas Manufacturing Sector is continuing to grow but what do these numbers mean for a Global Economic recovery will bring in some expert analysis to see what where things are headed and later a host of brechts in trade deals in jeopardy as the e. U. And u. K. Are deadlocked over certain provisions will go over what is holding up these talks we have a packed show today so lets dive right in. And we have hit a new and dramatic chapter in the fight over social media app tick tock only days ago it looked like to talk was about to announce its sale of u. S. Operations within a matter of days but now new rules from the Chinese Government may be able to actually block that sale late friday beijing announced new restrictions on the export of artificial tech in teligent technology as initially blocking talks between tick tock and its many suitors including microsoft walmart and oracle saturday chinas official newspaper news agency quoted a government trade advisor as saying bite dance should study the new export list and seriously and cautiously consider whether or not it should halt its sales negotiations the Chinese Ministry of Foreign Affairs for their part also weighed in on the situation monday. Chia the. China has repeatedly stated that we are going to to the u. S. Abuse of National Security concept and how were going to reasonably suppressant illicitly enterprise which are other countries. Well move fund the u. S. Attorney with no economic believing me to manipulation against 9 u. S. Companies let you know whether it is legal to coerce transaction with the government mandatory Transit Agency to do what the u. S. Has done is nothing short of actual words iraq very out of the interests holder not only violates murders and simples but is also an irony your ship was a market economy and fair competition principles in the us are totally always advocated and joining us now to discuss this boom bust cohost investigative journalist ben swan whos been following this story but i want to start with these new regulations what specifically do they do. Yes centrally its different departments of the Chinese Government it is the Science Department it is the Technology Department and it is the Commerce Department and essentially the 3 of them have new regulations involving different areas including computing Data Processing technology as well as text analysis content recommendation speech modeling and Voice Recognition brant you and i would know that as every bit of technology that goes into a social Media Company right and so what they did is it the centrally created new rule saying if you are a Chinese Company you cannot sell that Technology Without approval from the Chinese Government thats really the bottom line here you know up until these new restrictions were actually and now its tictac was saying that announcement for their north american sale would be announced within days or within a couple of days some even saying tuesday so that would be tomorrow who who is the most likely candidate to acquire the company and you think thats still on. Well up until this point its been really down to 2 was oracle and microsoft and then late last week we saw microsoft joined in their bid alongside walmart and so walmart and microsoft you know it could easily push that bid up to 30000000000. 00 and if thats the case you would think it would go to them but i guess the question becomes not so much will tick tock or bite dance attempt to sell to talk to microsoft and walmart the question comes down to can they do it with these new restrictions that the Chinese Government has put into place now you could argue and say well listen theyre selling off north america meaning the United States and china theyre selling off new zealand and australia thats the part of their core business theyre selling and theyre not even actually selling the business that sounds like the way theyre rolling out this this cell would be to sell assets that belong to the company that essentially comprise of the north American Technology for tick tock the question is not can they do it im sure theres a way for them to do it its what would be the ramification for doing so are we talking about criminal penalties against the owner of my dance are we talking about criminal penalties for the executives in charge or even chinese investors and if thats the case then i think you see it halts because of the consequence of moving forward is that ultimately what beijing is doing here and its interesting i would have to see how much the split of tick tock while there is the chinese version of the app and then theres the app thats basically used everywhere else how that would play into it now i want to bring up that whole walmart angle because on the tech side it clearly makes sense that microsoft would actually want to jump into the social media space but why would walmart what ahead of this. Yeah i mean obviously as you said microsoft wants a piece of it because they have been abysmal as a company in terms of developing any new technology they cant even get a Search Engine right now suddenly they want to acquire basically the hottest social Media Company in the world so its a good move for them for walmart though its kind of an interesting move here because walmart is way behind amazon as you know as an Ecommerce Company and thats where kind of the new step for walmart has to be is to develop its ecommerce business the reality is the vast majority of young people who used to talk the millennial and teenagers who use it also dont shop at walmart on a regular basis and they increasingly do so less so what walmarts not trying to do with take talk is encourage them to walk into walmart what they would want to do is build an advertising model d directly through tick tock that encourages those millennial and those teenagers whatever generation there and to essentially become part of the ecommerce side of walmart by making it cool as a part of ticktock and of course you know that walmart would have a hand in wanting some of that data that is being collected by any social media boom bust cohost and investigative journalist ben swan thanks for breaking this down well have you back on later this week to talk more about this youve got to print. And shine on monday announced growth in manufacturing for the month of august as the nation continues to set the stage for an economic recovery after being battered due to the copan 1000. 00 pandemic the manufacturing purchasing Managers Index came in a 51. 0 for august down slightly from the 51 point one reported in july cording to the countrys National Bureau of statistics now for reference remember a p. M. I. Reading above 50 shows economic expansion of the Services Sector in china is also growing with nonmanufacturing p. M. I. Coming in a 55. 00 for august compared to 54. 00 for the month prior government stimulus funding Infrastructure Project has helped the recovery along with exports of medical supplies which surged in the 1st half of the year due to the pandemic so lets go ahead and take a look at the globe for Global Recovery as well as the state of markets with tobin smith c. E. O. Of Transformative Research tobit always a pleasure to have you here i want to start with this data out of china they were the 1st to institute these lockdowns and one of the 1st actually lift orders so what does the Economic Growth were actually seeing out of china say about what we might be looking at a Global Recovery what that might look like. While it is says this is china got it right and most of the rest of the world got it wrong now obviously its a totalitarian country when they say were close in the cities you close the cities they have surveillance over every human being there so they have some unique abilities that the rest of the the rest of the west did not but couple of things the west got a mutation we have actually the l. Strain which is different than the original em strain which turned out to be you know a stronger virus and then you know we got a message from south korea and we got it from taiwan that theres a way to do it in a democracy they did a lot of shutdown australia did well canada did well but the main message is United States and europe you blew it and really until we get to a vaccine dont expect to look like china now i want to move to equities here obviously the s. And p. Alone gained 7 percent in august the largest increase since april now when it saw gains of more than 12 percent after that dismal march what do you take away from this strong month for the s. And p. And the other indices here in the u. S. Well theres really only one message at this point. If you take in this and p. 500 the technology the telecommunications and the medical care medical tech thats about 54 percent of the entire pod of the s. And p. If you think about applied so if energy and banking for instance which used to be 30 percent are now you know 1518 percent if energy and banking go down one percent but the technology i call it the tetra caps the trillion dollar cap and high near trillion dollar cap stocks it doesnt matter the s. And p. 500 will go up simply because the big part of the pie this is my big diagram here is so much larger number one and number 2 it has so much higher earnings because remember theyre able to borrow money apple just borrowed if you can believe this 5 year notes theyre paying one percent Interest Rate they take that buddy they buy back shares because they generate much more cash than they can do. So their earnings per share go up automatically regardless of the Business Environment its because theres less shares and they sell everything by subscription so multiply that over all of these companies and theres a very real reason why they are a juggernaut and its not like 1999 when companies are going up because they had eyeballs i mean theyre going up because their earnings per share are about 50 to 200 percent higher than the bottom part of that pie and thats why the markets going up and so but i want to hit on something a little different here because when it comes to investing the world generally likes to keep an eye on Warren BuffettsBerkshire Hathaway and the firm announced sunday a 5 percent stake in each of japans 5 biggest trading houses worth more than 6000000000. 00 now this is clearly a move to reduce dependence on the u. S. Economy what do you make of this move. Well its classic buffett number one he spread his bets he put money into each 1. 00 of these secondarily these are Commodity Trading houses what they do is they trade everything from noodles to wheat to gasoline to oil and as commodities as is demand we talked about the 1st segment starts coming back then Commodity Prices will firm and go higher so hes going to double there he gets dividends from these he gets about a 4 to 5 percent dividend as the dollar goes down and the yen goes up that means that he gets paid more money and then he also gets to see the deals that these guys look at and hes always looking for a way to take over a big company and these guys do a lot of business with Big Companies so i had a perfect classic Warren Buffett smith always great to see that smiling face of Transformative Research thanks for that expert analysis. Terrors. American Vaccine Company novaks announced monday it had reached a deal in principle with canada for 76000000 doses of its koeppen 1000 vaccine that the companys vaccine is currently in phase 2 trials while novak says it could begin late stage trials as early as october while the prospective vaccine will need to receive a license from Health Canada to secure the deal they said they hope to finalize the agreement with canada as early as the 2nd quarter of 2021 now meanwhile here in the United States food and Drug Administration commissioner dr stephen hahn says there may be an opportunity for a Pharma Company to bypass the full federal approval process to make a vaccine available as quickly as possible dr holmes spoke with the Financial Times about the situation saying its up to the vaccine developer to apply for authorisation or approval and we make an adjudication of their application if they do that before the end of phase 3 we may find that appropriate we may find that inappropriate we will make that determination and meanwhile the European Commission announced it would contribute 400000000 euros in guarantees to the kovacs facility a program with the World Health Organization to ensure access to a future Coronavirus Vaccine the president of the European Commission spoke about this that contribution monday and the commission will also make a contribution of 200000000 in guarantees to the cover. And its goals. This country buescher will help buy and deliver doses of future vaccines for low and to middle income countries. In parallel we continue negotiating with pharmaceutical companies to purchase doses of vaccine so on behalf of the u. Member states so with all this in mind lets go ahead and take another look at the trends the spread of the virus globally with our 2 correspondents cited tablature so where are we so brand right now more than 25500000 people around the world have been diagnosed with covert 19 wide more than 17000000 people have recovered so almost 70 percent have recovered while more than 852000 people have died here in the u. S. As 04 pm monday more than 6100000 confirmed cases so we are now in the 6000000 mark while over 187000 people have died now over the past week theres been an average of 42000 cases per day in the u. S. Now thats a decrease of 18 percent from the average 2 weeks earlier but only down 1. 2 percent compared to last week so we need to see this number we need to see this trend go down drastically to show some sort of improvement for the u. S. So now lets go over the states specifically that are improving and the ones not doing so well so these states have seen a recent growth in the newly it reported cases so this is where were seeing cases go up for example as south dakota theyre reporting an average of 292. 00 cases per day and thats an increase of 206 percent from last week so thats a huge increase now another example is i. R. There is seeing increased 131 percent of new case. Its from 2 weeks ago so see these things that were seeing right here in red theyre increasing anywhere from 20 percent all the way to 300 percent increase in new cases so thats not good at all and then we have a states that are doing a lot better for example hot spots that were seeing huge surges in cases earlier like california new mexico arizona florida texas theyre all seeing their numbers actually drop drastically for example florida they saw theyre seeing a decrease of a 50 percent in cases from 2 weeks ago so thats very good tech says theyre seeing a 35 percent decrease arizonan 53 percent decrease so thats all very promising and now i also want to quickly look at the global trend for globally look at the trend now here is the trend for the 5 most affected countries in terms of new cases per day so 1st there is india you know india reported 80000. 00 cases in the last 24 hours in fact in the last 5 days for the last 5 consecutive days india has reported almost 80000. 00 cases per day and thats the Fastest Growing of any country in the world i want to remind our viewers to india almost 6 months to hit 1000000 cases and then only another 3 weeks who had 2000000 and only 16 more days to hit 3000000. 00 so at this rate in the total number of cases now over 3600000. 00 is on track to number brazil to become the 2nd highest in the world behind the u. S. Now in the u. S. As i just went over there are seeing a slight decrease as you see in new cases but still theyre nowhere near flattening the curve i mean they were much higher in july theyre going down but still nowhere near flattening is where we need it to be. Then there is brazil thats reporting an average of 30000. 00 cases per day and is also the worlds 2nd worst hit country after the u. S. In terms of cases and deaths you know and with a population of 211000000 brazil right now is the epicenter of the virus in latin america with over 120000 deaths and then we have beyond that there are the 3rd highest number of cases in latin america and theyve actually surpass 600000 cases on sunday and in terms of deaths there are approaching 20000 you see there just going up so thats not good for combi at all but this week actually today monday marks the end of columbias nationwide lockdown of more than 5 months so well be tracking this number in the coming weeks to see how colombia is going to b