in 30 minutes with the latest global news headlines see about that. whole repos scandal is ongoing the whole negative interest rates are the same is that we work better in the bond market these things are happening or experiencing a breakdown of markets all over the world so what we have we dodge one bullet call the we work i.p.o. but we're getting. from financial bad guys shooting at us with impunity.

this is broadcasting around the world and covering all aspects of our global economy in the 21st century. and i'm kristie i am washington has a lockout was on deck today. if you don't exert extreme pressure in even attempt to force the decoupling of china u.s. relations definitely damaged the interest of the u.s. and chinese enterprises in people because financial market turmoil and danger international trade in the world economic growth we have over the u.s. will meet us halfway who work out a resolution in a constructive manner another day another twist in the u.s. kind of trade war as reports claim that the company the station had idealists think chinese companies from american exchanges a move that the administration now denies. trading is on hand today to analyze

market reactions and what the move means going forward with the transpacific negotiations was a judge has ruled against tesla in labor dispute it was trouble for the already hobbled company molly barrows contributor to america's lawyer will be on hand to sort through the little. and what this effect could have for a long lust and the tech superstar firm time to go let's go. what started off as a global trade war turned into a currency war which then ultimately matched the cold tech war being fought right underneath the surface this global chess match between the superpowers china and the u.s. now shifted into the next phase of the global struggle for economic supremacy capital wars while still in discussions on the actual mechanics of how to implement and enforce the trump and ministration greenlighted this review this would affect billions of dollars and china bound investments as well as a u.s. equity indexes an e.t.s. of which contain a hefty weighting of chinese stocks one mechanism being considered is to force

chinese firms to delist from u.s. stock exchanges under the guise of security concerns for still listing on this scale would be unprecedented as more than $150.00 chinese firms currently listed on the u.s. exchange and other ways of curbing capital include limiting u.s. portfolio inflows into china and limits on exposure and also blocking new chinese i.p.o.'s from listing nasdaq is already cracking down on i.p.o.'s a small chinese companies by tightening restrictions and slowing down their approval process stocks in mainland china fell to the lowest in almost a month as the u.s. further escalates into the planned trade talks discussions this opens up a new front that we have not seen yet in the china u.s. conflict the big question now remains are these just loose headlines and make threats from the white house using capital flows as a bargaining chip or is this a real threat while a treasury official reported over the weekend that there are no immediate plans to eventual u.s.

companies from listing the market is not reassured as the source also said that there is no time frame for their implementation and a crackdown can come without warning there are now at least 2 bills circulating in congress that could result in capital controls if passed mark. it's now see a lot more downside in this new front in the midst of u.s. pension funds to tie his markets with the massive portfolio swain's that spells disaster for the tech sector china could further retaliate and dump u.s. treasuries but what is most worrisome is that this is an extreme departure from the u.s. as longstanding free market orthodoxy the u.s. has long advocated for opening financial markets around the world to capital the fact that this discussion is even taking place is shocking to the whole international finance community. now with more on the field the battle for this global capital war we bring forward chief strategist trading welcome back you know a treasury person says now that there are currently no plans to block chinese

companies from being listed on u.s. stock exchanges but they also say there is no time frame for implementation further fueling the uncertainty so is in your view is this a real threat or is this more of a bluff or is the uncertainty that the he can create the mr president term can create from the suggestion is that the move itself just to create more uncertainty . i think it's part of from you know art of the deal i think it's you know it's never that's in my opinion that's never going to happen there are never the less these companies because it just doesn't make sense it takes away money out of the flow of our market so they're not going to do that and of course the chinese stocks did recover a little bit today based on that information you know who could happen i don't think so i think that this is more of a play and good president trying to slow it down sure there's a lot of things you can do but i don't think that he would do this is this would be

this would be a very bad idea and i don't i don't think he had done and they can get past i think there's too many things going on here that would create this from ever happening so while the market doesn't think that they would actually delist they do is pricing the fact that the u.s. can place potential capital restrictions on chinese companies and if they did so wouldn't be it's chinese companies that instead i feel in america when they just walk over and list over hong kong. i mean they will listen over to hong kong i mean baba want to do all this there anyways i think what you're doing is yours you know in china for years they they still have capital restrictions on what can go out so they've finally opened up the markets to their people so you can see anything happening but again i don't see any real restriction i think this is more of a waiter pressure of the chinese to say hey let's get this deal done let's get the free trade going let's get all these tariff wars over and let's play ball and i think this is what's going to happen and i think you'll see you see the reaction in

the china markets which has been pretty much disasters and but then what and this actually does end up hurting the u.s. rather than china. a lot i don't listen i did end of the day if they did the less they would do i think we would survive and we were provided still flourish but i don't think that again i don't believe that we're going to go back into just the american united states of america only without having international trade international things going on so i don't believe that will happen i don't think it is i don't really think it's an issue to be honest with you. and meanwhile bubble of the u.s. dollar is at a high for the past 2 years against both against both the euro and the dollar index basket the ice dollar and it sounds good but of course in international trade a higher value currency hurts your exports is this trend in the dollar trending higher going to start affecting corporate earnings and will we start seeing that negative effect in the earnings reports coming up for this next quarter. well i was

i think the dollar is going significantly higher amount i'm looking for at least par when it goes up to i mean we've been looking forwards and that was in the eighty's but i think it shouldn't hurt profits but of course these are built in excuse is that the current corporate corporations will have when it comes to earnings because certainly they know enough to be able to hedge the dollar if you want to protect against dollar exposure you can certainly hedge it in the open free markets so i think this is a more mixed use when they do start using it it's the same as you know whether because it certainly could be had easily i mean we try to globally and we're able to hedge dollars overnight so it's certainly something that could be done and should be done but they rather would use it as an excuse for not making their numbers the kind old back as far as the export and look this is what the currency wars created this is what the fia currency system has done through the federal reserve is allowed central banks to manipulate dollars and the united states dollar is a fair asset so there is money flowing here because of some uncertainty around the

globe so on the back of the strong dollar 7 the u.s. right now isn't it needs to borrow money lots of money and china is $1.00 of the main main buyers of u.s. treasuries so given the strong dollars and this very bad economic front here china can actually refuse to buy for the u.s. treasuries whereas the u.s. going to buy money from. again you can always get to a rate where someone is going to loan you money now i would find it very hard to believe that china would actually stop borrowing money and buy u.s. treasuries because they've got too much invested you know. oh bank 5000 they own you have your own 5000000 you own them and i think right now based on the amount of money and amount of treasuries that china is holding they've got no choice then to keep supporting this or they may not get paid back so i get these go into a lot more complex things then they're going to they're not going to buy more or they're going to try to sell or trade they sell them you could simply just manipulate everything down so it's not that simple and will never happen. and todd

this upcoming earnings week may be very revealing in terms of gauging the health of corporate america we've been touching in on these i.p.o.'s the sort of troubled i.p.o. market recently seems to be crumbling in fact the median i.p.o. in 2900 is drastically underperforming the russell 3000 is the worst on record right now surpassing the negative returns at the peak of the financial crisis from 2009 so my question is did we just we've just gone through witnessing an i.p.o. bubble bursting now that we work i.p.o. has been postponed and political own crashed in trading. well you can look at a couple of ways you can say investors are friendly getting smarter and they're not chasing these i.p.o.'s up but it certainly indicates that there are some problems and of course you know we've been talking about this for about 6 or 7 weeks that i believe that we're already in the early stages of a recession to begin with you know recessions like markets don't announce

themselves and say hey we're going to recession there already i think it's already started and you can see that showing up in some of the earnings that are going to be out this week i believe and the new i.p.o.'s that people are not going to chase into them the only that's really confident right now is the consumer because they can afford to pay for it by the month and they've got jobs but if you look at underneath the surface corporate executives are selling their stocks are already you know ahead of time because they understand that there are some issues and they're seeing them in their own companies so i think we're in for a somewhat bumpy road when that starts i can't answer that question but i have to go get them our. good students continue to drip drier but eventually they're going to have they're going to come to a meeting because we are certainly starting the very early stages of recession so let's go back to the i.p.o. market right here we work was a family a real estate company and peloton for lack of a better word is just a overpriced stationary bike with an i pod super glued onto it the real innovation right now has actually been coming out of china in 2018 the biggest i.p.o. is listed chinese companies on the u.s.

market which include a 10 cent which included ne which included ali baba back in the day which generated $300000000.00 in brokerage fees for the u.s. trading market so all of this information and all this money and revenue into the u.s. market is actually coming from china so again is that does the u.s. market actually is harmed from the us implementing capital controls on chinese company. well again i don't believe there's going to be cabo controls but if we get down that you already saw the very beginning service on friday when the when the tweeter of the in the news item came out of bloomberg so certainly that's going to create a much bigger selloff but again these things will resolve themselves as they always do and there's always a reason why the markets finally get that final selloff after they've had a really that's going on and on and on and that could be that it might be the black swan that shows up but eventually it will work its way out and it will there will not be restrictions because again we go back to it's a simple dollars and cents game and we're not going to give up those dollars that's

a little bit different than the dollars that we're talking about for turf and for true. while america is going to lose out on a lot of innovation if they do try to restrict all of its capital they steal our innovation with. maybe our version of begin with we'll go back to the start or would choose try to just above the trading day so much for and say thank you. china's central bank in accordance with their promise to further open up their financial markets has granted pay pal holdings to buy its 70 percent stake in chinese payment company this makes pay-pal the 1st foreign player to operate in the nation's $24.00 trillion dollar payment service market pay pal's acquisition of go pay international technologies has obtained licenses for on line mobile and cross border r. and b. payment services this is a huge accomplishment for pay pal who has been trying to secure this for 5 years it will now compete alongside tech giants hourly pay and pay in china however it will focus more on cross border payments being the preferred method of payment for

foreign consumers shopping in chinese online stores pay pal owns a space as the most popular cross border online shopping destination globally with one 3rd of its 210000000 users having bought products from chinese websites. the biggest player in the african mobile phone market may be out. insult to injury for companies with high profile botched delayed or otherwise disappointing initial public offerings chinese corporation transmission makes and sells mobile phones or the techno brand in africa which captures just under the african mobile market according to market research firm i.d.c. transience i.p.o. suggests investors are confident and transience future prospects its 1st day of trading the price of transience stock increased by head turning 96 percent before moderating to a still very impressive 1st a gain of 64 percent the net result of a valuation calculation at that price would be $6500000000.00 for the cell phone

maker aside from the impressive start the transition i.p.o. is also noteworthy for taking place on the star market the star market is the shanghai stock exchanges highly touted answer to the tech heavy nasdaq exchange. time now for a quick break here because on the other. has. even more they already. on hand. and as we go to break here's the numbers. you know world big. ways

to dig deeper to hit the stories that made refuses to tell more than ever we need to be smart we need to stop slamming the door. it's time for critical thinking it's time to fight for the middle. for the truth the time is now for watching closely watching the hawks. gandhian by north so many people because they copied him you saw the world that even such a bad puppy sending. i'm not guilty anybody in. the field to find the next guy.

who looked up live on. sunday in philosophy that she even done plenty of. the flick some for the c.e.o. to say to the deflection board her to say. that is a god that then i got up to really answer. and there's a. lot about. that that you can thank god you've. got a. long long while and you know on the bottom there's a bonus feature live on control not all. under one new person and later today 100 gandhi the new normal gunned. down the phrase has been taken over you then go to mock you then they will join you.

walk america saudi arabia's crown prince mohammed bin psalm on is warning that oil prices could spike if allies do not join saudi. his push to isolate iran the crown prince's suggestion was arguably counter-intuitive as most observers have seen aggression against iran as more the more likely cause for a price spike rather than continued restraint from iran's adversaries in a news making interview with the us news magazine show 60 minutes the monarch in waiting said quote if the world does not take a strong and firm action to deter iran we will see further escalations that will threaten world interests or supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes in some on again

claim without offering additional evidence that iran was culpable in a recent attack on a saudi saudi oil processing plant and for more on that and on the much anticipated i.p.o. of saudi aramco we're now joined by r t correspondent alex mahela from toronto saw saudi crown prince mohammed bin salmaan is asking for action against iran but in his words a political and peaceful solution is much better than a military one so why the restraint all of a sudden. look iran denies this and has from the very beginning any of involvement in this airstrike which is which was drones as well as missiles supposedly involved in this hitting 2 of the saudis biggest day oil refining or or production facilities one of those actually the biggest in the world now for the saudi prince one thing that he knows is that in this case war might be bad for business because what we saw and you know some investors kind of like that when you know where the

numbers jump when it comes to oil they jump price wise when the present pli goes down the supply were down by about 5 to 6 percent after the airstrike we saw the initial jump of 20 percent per barrel in the prices and then it just dropped to 10 percent so it was nothing you didn't really hold too long but it was the biggest jump that we've ever. look at this graphic. breaks it all down for you because this really is very very telling major all oil supply disruptions we have everything from wars to hurricanes to strikes to libya war katrina you know big things happening in this world and some of these wars are sustained and this was the biggest despite that we've ever seen it because this was the most a massive of things when you look at 5 percent 5 to 6 percent of oil supply be cut off now the principal. and company are ram co which is you know the state company in saudi arabia for oil well they're doing all right they're doing

all right everything jump back into shape aramco actually somehow magically is doing their production is just under what it was before so that's pretty incredible in itself and according to the principle to this is the worry so according to the prince he said the middle east region represents about 30 percent of the world's energy supplies about 20 percent of global trade passages and about 4 percent of the world g.d.p. now this is where he knows that a war with iran could be devastating not only for his own economy which was hit by 20 percent ok when you visit happened right so this is this is massive here so it's for the globe and so he does not necessarily want to go to war because he knows that on the other side of things things might not look too good for anyone and alex you're joining us from canada and we know there's been some bumps in the road to say the least between diplomatic relations between saudi arabia and canada perhaps

most remarkably this threat to from a government associated twitter account basically threatening to 911 canada just about a year ago but there seems to be finally some good news for a canadian bank in a role with the saudi aramco i.p.o. process what can you tell us about that. there are deals absolutely massive as you know so r.b.c. the royal bank of canada have been awarded a role in in this this i.p.o. and this is what they're doing so the canadian chartered bank has been chosen as a book or now when i say book corner i mean they'll be joining in the international syndicate of banks there's many banks involved in this and what they do is they're basically underwriter secured everything in check in now aramco is also considering a canadian rapper so this is basically a so-called rapper to be able to sell and market the products here in canada when i say products i mean we know their i.p.o. is going to be massive we're looking they were thinking is going to be about 10 to 15000000000 we're looking at 100000000000 of bonds are ready tons of interest in there so this is going to be absolutely massive and it's not too far away starting

up in october and everything should be on the go by november. big news our g. correspondent alex me hell of it things are joining us. thank you. american fast fashion retailer forever $21.00 inc filed for bankruptcy protection on sunday and said that they're planning to close more than $350.00 stores worldwide the low priced fashion retailer has more than $800.00 stores throughout asia the middle east the u.k. and the united states for a $21.00 has prepared $350000000.00 in funding to restructure according to a filing with the bankruptcy court in delaware according to a spokesperson for the retailer forever 21 plans to close 350 stores worldwide with 178 of those being in the united states where it still has 541 locations the company blamed a slowdown in traffic and shopping malls where the bulk of their stores are located

and over expansion over the last decade for their wells. the only california judge has said electric car company tesla and its founder was broke the law when they threaten employees trying to unionize wheedle journal jurors contribute with america's lawyer joins us now with more on this judge's ruling molly welcome back in what way did mosque and his car company explicitly break the law according to this judge. in several ways and hi nice to see you and christie as well so last week this administrative judge ruled that tesla violated the national labor relations act a number of times when workers in california organized a union 2 years ago by threatening and retaliating against them so judge me to tracy ordered the company to stop a number of these actions including eliminating a rule that blocks employees from handing out union literature when they're off duty and also to stop interrogating people about any union activities she also

ordered tesla to reinstate and give back pay to one union employee who had been fired and rescind a warning that they had given to another pro-union employee judge tracey had a. slew of other comments in orders for the company as well as its founder ilan musk related to this case she called him out on a tweet from may have last year or musk essentially implied that joining a union meant his employees would give up tesla stock options and she threw that down so that was illegal and she ordered him as well to be at the tesla plant freema california when he or someone from the labor board is supposed to give a public notice read this noticed employees of all the ways of the company broke the law and basically what they're going to do about it so she had some strong words for them and their actions as to how they treated these employees these employees can certainly feel like they've been backed up by the law so who is behind this entire complaint who actually filed a complaint. well it was several workers back in april 2017 they filed

that they were the ones that that tesla facility in fremont and with the help of the international united automobile workers union they were all part of this law this complaint so according to court documents the workers had raised concerns about safety at tesla facilities below market wages long working hours lawyers representing these workers and the unions say tesla has threatened them when they were trying to unionize and restrict their right to speak about it for themselves so employees accuse the company of using security guards in fact to stop them from handing out union flyers at the car plant they would then photograph their badges and order them off property so these were threatening gestures that the judge said had to stop and employees were also banned from handing out any materials that were not improved pre-approved by tesla and even instituted a stricter dress code after employees began wearing shirts with the union logo so in a number of ways according to the complaint they really cracked down on these employees and the judge again backed them up for that molly barrows control. you so much for

being here. thanks kristie. and finally the idea of the british parliament as a group of chimpanzees doesn't seem like that much of a stretch these days considering the devolving discourse in the parliament to the u.k. careens toward a no deal brock's it no secret a british artist banksy as thought a thought up the exact scenario for his previous 2009 work devolved parliament which will go up for auction this week with an expected sale price of 2 to 2500000 the piece which replaces members of parliament with chimps measures 4 metres long making it the largest known canvas piece by the artist according to auction house saw the bees the topicality of a 2009 piece was not lost on alex branch i saw that he's head of contemporary art europe who said of the work there's no doubt that today this image has incredible currency not just here in the u.k. but across europe and beyond here we see this one of our oldest democracies and

within it we see the regression toward tribal animalistic behavior like the you know it's a perennial subject those clowns in congress parliament whenever they those found have done it again what a bunch of clowns exactly i think it's actually fairly accurate and something telling of our culture now days that you have the parlor to now be in graffiti art in pop culture and now in rap music videos as well because that is their behavior it doesn't make any sense at all yeah it would make for some great and amusing art turn into a complete circus that's it by this time you can catch a boom bust on direct t.v. channel 321 dish network out to 80 or streaming 247 on t.v. the free t.v. app 79 or you can always catch is that you've got com slash starts you see you next .

in 24 you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it still war here. is. split needle the former ukrainian president recalls the events of 2014. those who took part in this today over 5000000000 dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. soul repose scandal is ongoing the whole negative interest rates are the same as we were in the better in the bond market these things are happening or experiencing a breakdown in markets all over the world so what we have we dodged one bullet call

the we'd work i.p.o. but we're getting gunned down in a financial bullets from financial bad guys shooting at us with impunity. us republicans ask why intelligence agencies dropped the rule of whistleblowers must possess 1st hand knowledge in the run up to the trump you claimed revelations . well the leaders gather in paris for the funeral for president jacques chirac who died last week aged 86. and the university of edinburgh comes on the fire for hosting a so-called anti racism conference and banning washington the white attendants from asking questions during q. and i. am here is.