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 french 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 there 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 in 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 china left out. 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 r. And 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 what do those guidelines include you. And to what you just said about china you know what we do not being for crypto trying to still not for crypto they are 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 and 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 narrow and smart 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 banks 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 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 on regulated krypto assets are ill suited to Retail Consumers for multiple reasons here why is that all 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 in this band 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. D. 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 a 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 f. C. 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 think 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 stylings people who miller 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 Industry Neither Company actually commented on the news or give a response a. M. D. Stocks have soared 88. 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 and over time the american factor in terms of sales as we go to break your the numbers up of. The so i. Its wrong with us as american citizen today to blast off by. An attack on the other. Guy and i think. I would vote for a republican over trump i would vote for anyone who is not you and has half a brain defeat dont try. To feel like. My 2nd wife. She can handle it. She and i divorce because our trouble is elected president and i for good for her and she cant stand for. That when the most important election. In our history list of the months to go before the next president ial election is the atmosphere in the us now. One of the highest Priority Programs how will they vote which they do next. Just some of the questions we put to the americans. As the u. S. Economy was booming growing numbers of people were made homeless. You can work 40 hours d in a week and still not have enough to get housing everybody believes america still is the land of opportunity the reality of it is that were not financially equality and the lack of Affordable Housing for a living minimum wage gave many people no choice. Just been a problem with the city knows turn a machete told me stay away oh miss. Concerted effort is no answer because the requires resources the most vulnerable are abandoned on the streets to become the invisible comes. A dark industry comes to life in los angeles every night. Dozens of women sells their bodies on the streets many of them underage. Los Angeles Police reveal a taste of their daily challenge if youre going to exploit a child here in los angeles were going to. See officers going undercover as 6 workers and customers to fight the. Holiday shopping is starting earlier this year stores are utilizing safer alternatives such as curbside pick up and the pandemic Financial Experts are concerned over the spending trends this Holiday Season are to correspondent to talk as we take 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 Baker Vice 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 Aarons founder and managing partner at synergy Advisory Management group and thank you so much for joining us today now as we heard some black friday sales are starting earlier this year since obviously the traditional black friday is not clearly visible amid the safety protocols it is starting to really going to spread then consumers willingness to buy. I dont think so i think people are going to be willing to buy people are being bored and i think. Youre going to buy more and are going to store earlier and its going to end up being a little bit better than what people say well is it will Consumer Behavior actually change at all as far as going into the stores or are they are they basically just turning to the ecommerce. I think most people are going to turn to be commerce and some people are going to go into the stores. But its going to be way different but i think people who are going to be more leaders. I think youre going to see that have. Much like you said people have become bored and Consumer Spending has a come up in recent months but is there really a need for Holiday Shopping now we heard that a few people are cutting back on it it looks like family and friends that gatherings are going to be fewer numbers and even in frequency how are sales going to be affected by these 2 factors if it all. Well i mean people who are people need their spirits to be lifted and i think that people who are just going to. Spend were money. I know there are people who are uncertain. With their future a little bit here but. Things are going to turn around and think people realize that this code isnt going to last forever and youve had a very trying here and theyre going to spend and make their holidays as good as possible and i think that the numbers are going to come out at the end better than a lot of the and i was expected to think up people arent going to be less inclined to buy thing since theyre unemployed or are even they never see other people perhaps well i mean theyre going to see other people who i mean people are still using you know face timing and you know people are still using zoom which is very big in people who are still using google need there are still seeing people they may not be coming in contact with. And theyre still connected and i still think although people may not have money coming in right now from a job they know that somethings going to come up on the horizon and enjoy going to be more positive Going Forward well many people are still unemployed and waiting on some sort of stimulus check right at least here in the United States do you think Holiday Shopping is going to depend on whether or not americans really receive that stimulus check. Well here in the u. S. I think its pretty evident that were going to see some sort of stimulus package we weve been hearing things going back and forth years for a few days and then somethings going to come of it it may not happen till after the election but well see but i think the stimulus is coming. I think people are going to be very yours for the holidays its been orchestrated very emotional and drawn here and i think that signals are going to come from ecommerce were going to see a big increase from ecommerce and since the spending is going to start earlier i think that were going to really start to see. You know at the end of the year look pretty good well we see the some people really really concentrating on focusing and playing their savings taking better care their savings out there is the ones who have them obviously are spending more Consulting Firm deloitte released predictions at this Holiday Season the sales are are going to depend on really how much the wealthy actually splurge and the poor cut back do you think thats an accurate assessment. I do somewhat i mean i think the wealthy are really really going to splurge a lot more. If youre going to see numbers like you havent seen a lot of time. And through the people or the lower income people i think theyre going to try to do whatever they can to enjoy this holiday. Like i said this has been a very dry and new year and people want to you know end on somewhat of a good note and look forward to 2021 they do and i hear what youre saying i think a lot of people as well are are bored and want to shop or or shop online they just turn to ecommerce and they cant go to the store i know full disclosure here its hard for me not to want to go to the mall and buy things but i think there is a discrepancy there too when people are either using our credit cards or using some sort of of credit to tip to purchase things Andrew Aarons founder and partner at synergy Advisory Management group thank you so much for making time to be with us today. Thank you so much some highly trained dogs have a new job to identify those infected with the coronavirus that airports in russia specially bred dogs jackal husky hybrids have previously demonstrated their special abilities by recognizing patients with cancer tumors now arafats canine service is training 15 of these dogs to detect cova 19 yuliya shop of all of our reports look for corona virus is a new commands that could become very significant for dogs that work at Moscows Sheremetyevo airport they are currently being trained to smell virus infected passengers providing and noncontact and quick 900 test especially for the experiment medics prepared biomaterials say for dogs and their handlers that come from patients with coronavirus 1st the dogs are introduced to a new smell and then theyre asked to find it among the biomaterials of healthy donors and signal with the pios or bark. Apparently dogs react to changes in the biochemistry of the human body however with coded 19 these changes are individual for each person as soon as the dog is able to figure out that regardless of peoples individual features they are carriers of the disease then the training will be completed the training of dogs to search for patients takes about a month thats longer compared to sniffing for explosives because we biological objects do not smell the same they see the scientific facts the diseases and the nose of animals can recognize them 5 years ago russian scientists gave dogs a sniff of healthy mice and those with liver cancer the accuracy of diagnosis by the dogs was much higher than that of Laboratory Tests the dogs used by airflow are across a breed between and under a truck or these small dogs have at least 300000000 receptors in their noses that send its action is at least 50 times better than to a human. There were 69 dogs of this particular breed. Flawed canine center bred by the companys dog handlers specialists say these dogs have a phenomenal scent they live alone on average 16 years 8 alito and dot com pisces theyre very fast learners and incredibly capable of working they can been said is of up to says he is airport staff are now working with 15 dogs teaching them to detect code 19 but obviously more are needed after half an hour a work the dogs should rest for at least an hour also dogs are showing incredible success at helsinki adult 16 of them have been on duty there since september passengers are asked to run a girls knocking over their faces and around their necks than the napkin is given to the dog to sniff if the dog reacts in a certain way the passenger is asked to take a test specialist at the university of helsinkis say theyve managed to achieve almost 100 percent sensitivity dogs before better than p. C. R. Tests which require as said an effort to be accurate previously similar projects were developed at the airports in dubai germany and latin america in may 2028 france was going to find out whether dogs were able to identify patients with the corona virus infection in a crowd meanwhile the training of the dogs at the affluent canine center should be completed by december then some conclusions will be drawn either to continue the training on move on to other methods but its still expected that next year the dogs will begin fulfilling their assignments at the airport. Well thats all for now thank you for joining us and also you next time. Please. As the u. S. Economy was booming growing numbers of people were made homeless. You can work 40 hours d in a week and still not have enough to get housing everybody believes america still is the land of opportunity the reality of it is that were not financially equality and the lack of Affordable Housing for a living minimum wage gave many people new choice you know just going to fall in with the city knows turn the temperature in cold you stay way out almost. Half the food that there is no answer because yes that requires resources the most vulnerable are abandoned on the streets to become invisible cops. Is your media a reflection of reality. In a world transformed. What will make you feel safe. High salacious community. Are you going the right way or are you being led so. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Aura made in the shallows. Us as american citizens need to be blasted off by. God and. I would vote for a republican i would vote for anyone not you and ask. If you. Can wife. She can handle a. Divorce because trouble is elected president. And she can. Election. In our history list of the months to go before the next president ial election is the atmosphere in the us now i. Want to the highest Priority Programs. They do next. Just some of the questions we put to the americans. Join me every day simon chill and ill be speaking to the world of politics sport im sure ill see that. The fragile ceasefire comes into force in the disputed nagornokarabakh region i mean in azerbaijan stopped off to more than 10 hours of talks mediated by russias foreign minister. A ceasefire is announced from 12 pm on the for for humanitarian purposes. The 2nd u. S. President ial debate is canceled. He says to participate remotely claiming hes cured of. The democrats though say his health makes him unfit for office. New coronavirus restrictions protests in many countries warning from Global Health officials. Very
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