Shows seemed wrong. When old rules just dont hold. Any old belief yet to shape our disdain becomes agitated and in games from it equals betrayal. When so many find themselves worlds apart we choose to look for common ground. This is boom bust the one business show you cant afford to miss im sorry mando in washington coming up a little markets are on hopes that the u. S. Will sort of run a virus relief bill this comes as president offered a broader 1. 00 trillion dollar package but will democrats counter. The many global central bankers looking at possible guidelines for enforcing the laws but one major economy is not part of those talks we have a boom bust panel standing by we have a lot to get to so lets get started. We begin today with Global Markets reacting to the news that there may still be hope for another u. S. Stimulus package thats before the election starting in russia the market is down for the week as the ruble climbed to 2 week highs but still near recent lows concerns grew as france and germany they both push for e. U. Sanctions over the alleged poisoning of alexy of only already asian markets the shanghai composite its surged this week after an extended holiday chinas golden week chinas blue chip gained 2. 32 percent while the consumer staple sector added 2. 66 percent official data helped boost consumer for a. Tourism actually Domestic Tourism rebounded in hong kong the hong saying also in the green this week the index rose after President Trump called off stimulus talks on tuesday it then slipped on thursday over washingtons ongoing efforts to 10 cent restrictions and at last point 3 percent amid a resurgence of covert 1000. 00 cases in japan the nikkei also falling similar trends in the green with some 7 month highs on her new hopes of stimulus from the u. S. Marine. Transportation iron and steel and security brokerage issues all led those gains in india the sense that rallied this week reclaiming the 40000. 00 or 40000. 00 mark i t stocks and the banking sectors led those q 2 gains financials rose on friday as the countrys reserve bank kept Interest Rates unchanged at 4 percent the a. S. X. In australia also for the week blue chips and tech stocks led those gains for soared 12. 2 percent after acquiring a u. K. Platform breathe for 32000000. 00 in south africa the all shares also in the green on wednesday the central bank reiterated it would keep rates steady at least in the near term Consumer Staples and gold miners also lead those gains lets head over to europe in the americas starting in london where the footsie is up for the week well and gas prices hope those gains the index saw some losses though on friday data out of the u. K. Showed that g. D. P. In august grew 2 point one percent which was less than expected the german dax also in the green now german exports rose for the 4th consecutive month by 2. 4 percent in august after a 4. 7 percent rise in july. Also in the green closely monitoring about u. S. Stimulus in brazil the evo best buy also seeing another green arrow the main b 3 stocks climbed 2. 21 percent but robust stocks led those gains in line with crude oil which also rose about 6 percent now heading over to mexico the b. M. V. Also up on the week it reached highs that it hasnt seen since june or Oil Prices Also contributing to those gains on output shutdowns in the gulf of mexico due to hurricane delta the peso is also continuing its upward mobility. Here in the United States the dow the s. And p. And the nasdaq all hitting that green arrow theyre actually hitting some month highs now the s. And p. On track for its biggest gain since august with investors closely watching for a stimulus deal and finally will finish off in canada where the t. S. A. Also in the green financial industrial and material sectors they all contributed to those gains better than expected Employment Data also pushed up the ts arcs to some one month highs well keep an eye on that u. S. Stimulus and the coming weeks and that is your Global Market walk. A committee looking at the development of Digital Currencies on behalf of Central Banks around the world has conspicuously left china out of its discussions the reason the stands out is because the peoples bank of china is currently leading much of the world in the development of a Central Bank Digital currency joining us now to discuss our boom us cohost ben so on and christiane i chrystia lets start with you this working group consisted of the bank of canada it was also the bank of england and the bank of japan the European Central bank swedens rest the these 2 s. National bank and the u. S. Federal reserve why was trying to loft. Well this is interesting because you have language from the head of b. S. Innovation hub and a former member of the e. C. B. Saying that quote while there have been a number of discussions with china its Nascent Digital yen is intended primarily for. Making International Cooperation unnecessary for now well that statement is strange because it goes directly against chinas statement where the digital army was intended primarily for seamless cross border transaction china stressed it as a top priority in order for it to internationalize its r. And b. And reduce its dependence on the global u. S. Dollar based Payment System so the entire purpose of this was to internationalize and mitigate the risk that the u. S. Could potentially deny access from the existing Swift Network so from the start china wanted other countries to use its digital r. And b. So it could trace and control capital inflows and outflows more easily so right now its not clear if china declined to join this working group or if it was just not invited but it was obvious from the start that this digital arm b. Was intended to use for global trade and investments however china wants to also develop its own system independent of the current Payment System right now dominated by the us dollar which is another step towards decoupling so chinas digital r. And b. While it hasnt officially been rolled out yet there has been more than 162000000. 00 worth of transactions on it right now making it by far the most widely used see in commercial setting so while china right now has 1st adopter 1st mover advantage Going Forward there will it looks like there will be 2 competing Payment Systems and it could be the biggest economic experiment weve ever seen with multiple Digital Currencies competing with each other whats interesting because china originally said they didnt want to use any crypto and now theyre back in that to try to at least create one of their own but u. S. Attorney general william barr has published official guidelines for keeping crypto markets accountable now the guidelines are called crypto currency enforcement framework what does one of those guidelines include. And to what you just said about china you know what we do not being for crypto trying to still not for crypto or for a Digital Currency thats government control and that goes to this or that were talking about right now with the attorney general go bar because what he is talking about is basically an 83. 00 page document that takes a look at crypto and says you know how do we treat it Going Forward moving forward and the reality is some of it is about kind of pump and dump schemes which yes they do happen in the crypto space but its not exclusive to crypto what happens in the stock market all the time but then ethiopias is on the real dangers right associated with crypto currency and when you really get down to it it comes down to the crypto part its not the digital part that he has a problem with its the crypto part that is a problem with so when we talk about this if were talking about the issue of crypto currency in particular he focuses on 3 focuses on dash will narrow and smart cache of the 3 that are specifically mentioned and i should mention that i have worked with dash quite a bit these are privacy coins that are designed specifically for privacy so that youre able to interact peer to peer without everyone knowing what youre doing what the u. S. Government doesnt like that idea just like the Chinese Government doesnt like that idea just like any central bank in the world doesnt like that idea theyre not interested in crypto theyre not interested in privacy theyre not interested in the security that comes with that what theyre interested in our Digital Currencies and how to basically corner the market creating a Digital Currency where there is no privacy involved anytime privacy is involved governments do not like thankfully for them to monitor it cracked. To monitor it to monitor you to tax you want it to be able to control the movement of wealth who has it who controls it what you do with the government believes that you dont actually have any money you only have what they allow you to keep your money and so they believe that your money they are entitled to when you talk about the promise of crypto the whole promise of it is to move out of the picture and governments out of the picture in that people have the right to interact with each other peer to peer governments do not believe that obviously they dont like the idea kristie the u. K. s Financial Conduct Authority has now banned the sale of certain types of crypto based Financial Products for Retail Investors after a year long review now britains Financial Authority said unregulated Crypto Assets are ill suited to Retail Consumers for multiple reasons here why is that well this ban is essentially coming into play next year january 6th and the watchdog is considering certain products to be too high risk for Retail Consumers due to the difficulty of value assets and also the liquidity and the potential to incur some serious losses now this doesnt mean that Retail Consumers cant buy this ban is only on certain product that would include the distribution of future is option c f t as an Exchange Traded notes and according to the f c a this will save Retail Investors around 68000000. 00 and there merrily doing this to protect the Retail Consumer from losing their money theyre looking out for us apparently so the question is do you buy that so after a consultation process that closed october 3rd 2019 with 97 percent of participants they were opposed to this prohibition the f. C. A. Has completely disregarded the overwhelming public input the f. D. A. Claims to be protecting the consumers but theyre basically saying that the average Retail Investors are dumb naive and incapable of correctly valuing Digital Assets so thats just further evidence that the u. K. Is now actually turning its back. On innovation because if the s. C. Is motive were truly to protect the consumer then measures should be focused on weeding out the existing scams and protecting future Scam Companies from coming up and actually prioritizing consumer educations instead of just saying oh youre too dumb to actually understand this so lets just ban it so theyre crippling all this Investment Opportunity and withdrawing themselves out of the market on much like a bun said they dont like the idea of not having a control over a or overseeing oversight of it who must cohost christi i thank you both for discussing this with us today and really getting your expertise on it. Another day another possible deal this time Advanced Micro Devices a. M. D. Is reportedly in talks are in advanced talks to buy rival chip maker xilinx people familiar with the matter told the wall street journal that it could be valued at more than 30000000000. 00 and mark the latest big tie up in the rapidly consolidating Semiconductor IndustryNeither Company actually commented on the news or give a response i am d. Stocks have soared to 80. 6 percent year to date xilinx shares are up about 9 percent this year silence has struggled ever since the us blacklisted their key customer walk away if past the agreement could be one of the 3 largest deals this year and the Semiconductor Industry the sources said the companies are discussing a deal that could pass as early as next week. Time now for a quick break but stay here because when we come back this year Holiday Shopping seems to be starting even earlier but what will it look like im in the car one of them again back in terms of sales as we go to break here the numbers up of. The so. American citizens need to blast off. And attack the other. Guy and. I would vote for a republican i would vote for anyone who is not unique and has half a brain defeat. The future yeah. Yeah my 2nd wife. She can handle it. All she and i divorce because our trouble is what the president and i floated for her and she clenched and. When the most important election. In our history. Listed a month to go before the next president ial election is the atmosphere in the us now. One of the highest priority programs. They do next. Just some of the questions we put to the american. Holiday shopping is starting earlier this year stores are utilizing safer alternatives such as curbside pick up amid the pandemic Financial Experts are concerned over the spending trends this Holiday Season r t correspondent takes a look at where things are headed. Its that time of year americans are usually in Shopping Mode for the holidays but now with so much uncertainty in the air experts are questioning if the economy will take a hit as consumers are expected to spend less this year that is unless a stimulus is approved sooner than later for some its their favorite time of year with the Holiday Season right around the corner this is the time consumers start spending the 2020 has been a year like no other and experts dont expect retail sales from other years to match this current one with unemployment at 7. 9 percent and no real certainty of how long the pandemic will last Federal Reserve chairman Jerome Powell stresses the importance of Government Intervention for the economy still since it appears that many will undergo extended periods of unemployment there is likely to be a need for further support this week white house chief of staff mark meadows saying the stimulus negotiations are off for now but it doesnt mean the stimulus is out of the picture just yet the administration is currently looking at a standalone bill theres about 10 things that we agree on in the end if the speaker is willing to look at those things. On a piece by piece basis then we will be willing to look at it. And when this was announced wednesday stocks closed higher giving traders more confidence in whats to come the feds also announcing a somewhat positive forecast Business Investment appears to be on a renewed upward trajectory and new business formation similarly appears to be rebounding according to some confidence in the path ahead but it all may depend on Consumer Confidence a survey according to accenture reveals one in 4 say they are cutting Holiday Spending and 22 percent say cove it has affected their Financial Security and well and person sales will likely see a dramatic drop for safety concerns some analysts say online businesses may be the big winners this season a retail forecast expecting ecommerce sales will grow by 25 to 35 percent during the 4th quarter. Amazon is moving its prime date earlier some analysts say the goal is to clear infant torrie ahead of the Holiday Season rivals walmart best buy and target Holding Similar sales looking to match amazons master Livery Service thats for black friday 76 percent of more than 1500. 00 us consumer surveyed say they want retailers to be closed on thanksgiving day instead of trying to cram shoppers into the store for a 24 hour period as in years past some stores are opting to stretch their black friday sales out longer but according to Stephen BakerVice President industry advisor for the n. P. T. Black friday lines wont disappear but we expect lines of consumers waiting for store openings will be replaced by long queues of cars now while the trumpet ministration is in the process of looking at a stand alone bill its very likely a stimulus will not be delivered to the American People before the november election but something could surface before christmas reporting for boom bust and suites parties. For more we are joined by Andrew Aaron