transition as jack ma the founder of ali baba the chinese retail giant is stepping down formally on tuesday charismatic and influential founders can create great companies but sometimes struggle to pass on their formula for success mr monsoons are made great efforts to do that in the corporate culture at all bob what does this transmission transition mean quickly for only baba and for why bulls and online commerce amazon wal-mart and others. so interesting with jack because if you read about his background he didn't have a strong tech background he didn't have a strong financial background he was just korea's magic and he was a visionary and he used that to turn into what he envisioned it it be. but because he always had a plan he had a plan for this he let everyone know a year in advance that this was going to happen so everyone was prepared for it like i mentioned earlier bob as a company that has the money the power they're going to be able to stay in business even if you thought jack steve jobs and this is the end of it well 1st of all say look what happens after steve jobs left

years old this year after having been started by c.e.o. jack ma and seventeen of his buddies with an initial investment of twenty five million dollars from goldman sachs and japan's softbank many of us remember back in two thousand and fourteen when they had that largest ever initial offering to go national public offering is twenty five billion bucks it is worked out for the company as they now have a market capitalization of more hundred more than three hundred fifty billion dollars alex they reported their numbers and they beat expectations give us some of the deeper details. look the revenue growth was about forty forty one percent year over year and when you look at this a whole lot of people are like oh my gosh what's happening ali baba used to be fifty percent year on year but now so this is the big drop which but what we're seeing here is actual growth so they outperform what analysts thought was going to happen also another significant part here of growth is the monthly active users using the mobile service with its reach six hundred ninety nine million from breezing by thir

suited me security positions open without david jack me again. you see people getting all their cars and i'll see you coming in the herd and it seems like they'll hurry up and run into the house like they don't want to they don't want to talk see her get your mail or anything like that. i just want to. do is. just try reading. some give me. welcome back to l.a. bob a group has proposed a $1.00 to $8.00 stock split ahead of the as yet to be official listing in hong kong which could net $20000000000.00 for the online commerce giant the proposal for the stock split will be presented at the company's annual general meeting in hong kong on the 15th of july on the news alibaba stock which is traded on the n.y.s.e. spiked 5 percent topping out just over one $168.00 meanwhile the chinese giant also made other moves on tuesday announcing that chief financial officer maggie wu will take over for executive vice chairman joe side overseeing the company's strategic acquisitions and investment unit side will say on to help woo in the new position the announcement is the company's 1st shake up sinc

jack me again. you see people get all their cars and i'll see you coming in the herd and they seems like they'll hurry up and run into the house like they don't want to they don't want to talk see her get your mail or anything like that. that's one. of my kids being. run just try renaming. me now married to someone give me. what politicians do. i put themselves on the line to get accepted or rejected. so when you want to be president injury. or something i want to be honest i. have to try to be 1st which is what the 43 in the morning can't be good that i'm interested always in the waters of my house. last question. which. is. welcome back to l.a. bob a group has proposed a $1.00 to $8.00 stock split ahead of it as yet to be official listing in hong kong which could net $20000000000.00 for the online commerce giant the proposal for the stock split will be presented at the company's annual general meeting in hong kong on the 15th of july on the news alibaba stock which is traded on the n.y.s.e. spiked 5 percent topping out just over one $168.00 meanwhile the chinese giant also made ot

an economic standpoint is definitely going to jack up the oil prices particular for russia. and because there are a net exporter as well the u.s. will probably have higher oil prices probably but we are and that exporter of oil as well it will be very disconcerting throughout the gulf because not only oil and gas travel through there but a lot of commerce that we don't even talk about for all of those countries in the in the persian gulf so it would be i think overnight you would almost have a global recession set in. so david let's talk about the suppliers opec members are actually meeting on july 1st discuss whether or not to extend a deal on cutting $1200000.00 barrels per day of production this deal was supposed to expire at the end of june what will be the outcome of this meeting. oh well i don't have a crystal ball on what the opec members will decide but i would suspect that the saudi arabia in particular will be supportive of the price and opec will be supportive of the surprise of the surprise of the price and and maintain those cuts that would be my guess. and michael

global tensions put pressure on consumption jack ma executive has been focused on expanding the business through cross so opportunities within the ali baba ecosystem to drive out consumers purchase frequency and category mr miles efforts panned out as ali baba's state is uniquely positioned to counter the growing middle class and the urbanization of the lower tier cities this will be jack mas latest earnings report before he turns the reins to next in line in september. china signaled thursday that it plans to take retaliatory countermeasures against the latest round of u.s. terrace of $300000000000.00 of chinese goods beijing called the new terrace of violation of accords reached by president trump and shooting pain during their june meeting at g 20 when the 2 largest economies had agreed to a tariff cease fire this warning came after trump appeared to link the outlook for trade talks with to china to a resolution of hong kong protests and floated the possibility of another personal meeting with on twitter observers now speculate that trump wants to use hong kong as his new car

assume that. they are jack me again. you see people get all their cars and i'll see you coming in the harness seems like they'll hurry about run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go all out on the market and being. run just try renaming. me now married to someone give me. one little make its manufacture consent to instant of public wealth. when the roaming classes project themselves. with the financial merry go round lifts only the one percent i'm told. to ignore middle of the room sick. to lose. you. and i rode. far behind or if you get us out. of our group. of it is that you. just fit into the mothership did. seem to move. when i managed to finish it oh my gosh. they are the house from. god since we're. gonna meet don't hate. this kid or. any. kind of system definition in. minnesota the new shithead. christ there's a matter if it's a crisis and they sure. as a scale of natural disaster just like malaysia. and they bring interest. into the here in japan. are the problem of substances which are th

more pleasure thank you. and those calling max eight jacks continued to be in the news hear what bowling c.e.o. dennis small and byrd had to say related to the investigations. we're united with our airline customers international regulators and government authorities in our efforts to support the most recent investigation understand the facts of what happened and help prevent future tragedies. but today we look deeper into the deadly debacle which is being highlighted by those two unprecedented fatal boeing max eight jets crashes that killed all passengers two crashes within five months oh my gosh to help us out we are joined by a former director of the u.s. national transportation safety board jamie finch jamie welcome we're glad to have you in the same time zone once you joined us from manila a couple of times and we appreciate that so. the f.a.a. not your old agency but a sister agency federal aviation administration here in the u.s. has been criticized a lot in the last several days for really two things one and this may not be their fault of course congress approves the mone

announcement is the company's 1st shake up since 2018 when ali baba's co-founder jack ma said he would step down and be replaced by current c.e.o. daniel zhang as chairman of the company. and with no side to the u.s. china trade war china is shifting gears the country is moving away from its u.s. investments and joined forces with some american allies to boost its own economy are challenged televisions in toronto with more welcome alex alex china's holdings of u.s. treasuries are at a 2 year low many are saying this is directly related to the trade war is it. best answer is probably yes china's sending signals to the u.s. we know that this war has gotten worse as time has progressed so you know a poke here or a poke there this is what we can do this is what we're not going to do that's what basically china say now according to the u.s. treasury department and this is sort of gives you an idea of what exactly china is doing the treasury department says china holdings of us notes bills and bonds decreased by 7500000000 in april now if you look at the amount that actually china hold

means security systems. you know. jack me again. do this. people get out their cars and i'll see you coming in the heart and they seems like they'll hurry up and run into the house like they don't want to they don't want to talk to her get your mail or anything like that. i just want to go. and do. just try reading. some give me. i think the reason that they have now that attacking iran so far it's not that they didn't want but i would say that they couldn't do it trump is thinking of a short and quick war with iraq but i would say that that would not be the case trump said that if they wanted to attack they would have killed about $150.00 people in the rain inside but the question comes to me is that americans a type a country in the past by nuclear bombs do they really care about killing 150 people from. russia the us agreed to new arms control talks and call for improved trade relations as they g 20 wraps all the chips on the 2 presidents and we coming away from the summit in an off beat. meeting was good in business life and we discussed the whole area of issues which were of int

jack can you give us a story there. so amazon is just taking over the world most people haven't noticed but amazon has been buying of different companies all over the place particularly in retail and in the transportation space so all they're doing right now is continuing to add to their giant machine. and some tiffany's while they topped earnings revenues actually fell short as hong kong disrupted jewelry sales and tourist spend less across the u.s. so tiffany has now lost 6 selling days in hong kong due to the protests and they are the 4th largest market because of them and now they try to know for your outlook citing the impact of tariffs on a strong u.s. dollars so not a luxury good sales are highly sensitive to downturns in the economy so are we've seen the beginning cracks in consumer confidence and retail spend here. yes definitely and there has been some cracks especially when it comes to luxury goods but i think the most important part here that i'm noticing is that more and more companies are coming out and noting in their corporate earnings reports that they're seeing

c.e.o. jack dorsey reportedly has already met with s.c. representatives the letter to parliament also was notably endorsed by k n govan dar charge a prominent voice of hindu hindu nationalism and former member of prime minister narendra modi's political party the b j p can we now take a longer look at how u.s. financial regulators are trying to tame the crypto wild west to do so we are pleased to welcome back gary to wall special counsel at cat neutered rosen and hey gary thank you for being here we always love having you on it's been a little while let's take a look at what the u.s. securities and exchange commission and our old party place the commodity futures trading commission i say that in jest of course how they've been doing lately that they were off as part of that government shutdown but they're back at least for for this time talk about the initial coin offerings or perhaps they're really called initial con offerings for some that the f.c.c. dealt with recently with regard to a registered securities. sure bart it's good to see you again so the f.c.c. want a big victory

that. day jack me again. you see people get all their cars and i'll see you coming to her and it seems like they'll hurry up and run into the house like they don't want to they don't want to talk see her get your mail or anything like that. i actually think. just try every day. give me. welcome back there is big news today from 2 major cross atlantic rivals in the global aircraft sector european airplane manufacturer airbus has cashed in a major order with american airlines this deal will see the boeing rival build 50 midsize aircraft for the u.s. as most popular airline news of the deal comes as the paris air show is underway in air on air buses on home turf the purchase also comes on the heels of another major order for an american buyer no. airline investor bill frank has signed a draft agreement to purchase another 50 just from air bus according to reports on the other side of the ledger a scandal plagued us manufacturer boeing has finally got him saying gotten some good news after their mass groundings of 737 maxus there was a giant into a letter of intent with international

$10000000.00 and rep all. jack kept i had a less than one a standing by to help us dig into the point atrocity and as we go to break here the numbers at the. seen this before in the eighty's with the rise of japan and the us had a response rejiggered the global currency markets at the plaza accord this was reagan and the same people like a master plan for tension team after the crash of 1900 so china doesn't seem to be wanting to play that game so they're going to have to come up with some other strategy and that's a moment appear on the horizon. i agree has long positioned itself as a sovereign player within the e.u. it can stand up to brussels. when it comes to its own national interests but when it comes to dealing with the trumpet ministration is the government just as ready to put hungary 1st. the project was good if you. did you miss if you don't bomb people would. move to keep. you from her school results or if you were to do that. to. you you presume this loop i'm going. to leave them for you to. which of those are most of the. going to be involved in their history that if you

. do you guys know what secret any security positions open without. david jack me again. you see people get all their cars and i'll see you coming in the heart and it seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go. and do things. just try reading. some give me. u.s. congressman a table a bill to block the us president from launching an unapproved strike on iran while trying to threaten them with obliteration in the event american interests are attacked. german m.p.'s fear that up to 160 islamic state fighters could return to the country and recognize as the government has lost track. and it does university intends to offer academic positions to one of its programs exclusively to women sponsoring debates on positive discrimination. inequality it's a self like reciprocating process and doubt an entire group of people.

success means security positions of the us you know. jack me again. you see people getting all their cars you know see you coming in the heart and this seems like they'll hurry up and run into the house like they don't want to they don't want to talk to her get your mail or anything like that. i just want to. do this. run just try reading. it to someone give me. the answer to every single day economic problem every single number every single statistic every single market reactions to lower rates that's the old it's like an alcoholic who drinks when they're happy they drink when they're sad they drink because it's tuesday they drink because it's day time they drink because it's my time. an alcoholic they just drink drink drink drop how rates whether the economy is expanding whether it's tracking who's president doesn't matter is a dog bit on his wife he's got a lower rate makes that difference that's the only thing that. my son doing drugs my nephew was still in drugs my sister just with doing drugs it was like an epidemic of drug abuse america's public enemy number one in the united

their company list now include. travis kalanick twitter's jack dorsey group on's andrew mason oculus is palmer luckey. yang to name a few with the company now facing a facing a cask crunch is it loses nearly $300.00 a month it only has a runway of about 5 months it is now turning to softening its biggest investor for an increased wife was soft bank is now considering doubling down on their bet on the company after more than $9000000000.00 in already a new $1500000000.00 would help to open up fresh financing options for we work after its upcoming apart given its uncertain future where we work is looking to cut costs and fire thousands of employees and potentially shut down its peripheral businesses managed by we companies. by q q. was acquired by we work earlier this year in april for about $250000000.00 business in itself as a company. time now for a quick break here because when we return. the british american. the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been played only

editorial director of the american institute of economic research hi jack. i see you so jeff we're saying big point leave the entire market higher but increasingly we're also starting to see a decoupling within the top twenty points this is very unlike last year where they're becoming less and less correlated with bitcoin what's driving that. well what's driving it is decentralization of the crypto markets a big problem with bitcoin but also called b.p.c. is that it's actually not a very usable token right now it's very expensive and very slow incredibly that problem has not been solved even though it's now you know the problem has been known about for four years so you seen these other assets come in and perform just in terms of speed and ease of use and expense and i think this is inevitable in the crypt market as for long as the b two c. is going to adapt to the technologies that fix the stuff but they're still in the experimental stage so if you look at the market cap of the industry in general it's up like two hundred fifty percent from its lows and december. to see itself is

know what secret means security positions are going to be that. david jack me again. you see people get all their cars you know see you coming in the harness seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go. and do this. just try renaming. me now and then it's you know some give me. well services company technic f.m.c. has agreed to pay authorities in the united states and brazil more than $300000000.00 to settle charges that the company paid bribes to secure contracts and brazil and iraq officials at brazil's petro bras and the iraqi oil ministry were allegedly among the recipients of illicit payments from from technical prosecutors at the u.s. department of justice specifically accuse the london based company of conspiring to violate the foreign corrupt practices act now technically f.m.c. will pay roughly $82000000.00 to the u.s. and fines equal to $214000000.00 to brazilian authorities while the former consultant to subsidiary technic usa will admit to one count of vi

mccullers fees for 4 hours to us who would secure any security positions i assume that. david jack me again. you see people get all their cars and i'll see you coming in the heart and it seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything my. let's run. through the. run just try reading. some give me. the globalization period that we had is that all over they'll be a new globalization period that will be network driven i predict that america will become a subscription service like netflix you all subscribe to america and they have to offer you a value proposition to keep your subscription alive. the . police chief to. me. i little over. the slope. that. i'm going to be coming from your computer. world leaders meet at the g 20 summit in osaka seeking breakthroughs on trade tensions and political standoff. limitlessly bring a little league initiative. with a lot seem to be working together and they gave us a great opportunity to follow up on the. european union launches a new payment system called instax to

postpone but you know when trunk draws a hard line and says hey friday twelve o one we're jacking up the tariffs you know he's not going to back down from that this is classic trump negotiation style so when you see him come out and draw that hard line and say publicly this is what we're going to do and he's playing hardball with the chinese i don't expect him to retract that statement and richard on the other side of this possibility here if the trade reform process with the u.s. and china fails what would be the net effect for both economies and for the world economy and if in that scenario would it be possible that the trade frictions which are or were already significant between the u.s. and e.u. would get put back on the front burner once china is taken off the table. yes i think the risk if it seriously goes on i agree with your other guest that in all likelihood this is theater and they'll reach an agreement but if they don't and even if they do the uncertainty you mention is now a factor you don't know with that character like mr trump whether he won't reinvent this problem a wee

now there have this time gate have had nearly $10000000.00 and rep all. jack kemp i idolized spence won a standing by to help us dig into the point atrocity and as we go to break here the numbers out. this seen this before in the eighty's with the rise of japan and the us had a response rejiggered the global currency markets that the plaza accord this was reagan and robert rubin the same people that gave us the plunge protection team after the crash of 1900 so china doesn't seem to be wanting to play that game so they're going to have to come up with some other strategy that's a moment appear on the horizon. so using that brings us to the end of the series if we could just let josie marino walk away and say we decided to treat a store host to a very special farewell party goes. a long and interesting part of the day but this time to go back to the punchline and thanks for putting on such a group bonding. with. the only thing i didn't enjoy was my then singing quantize. my dancing. on cars. well. we nailed it literally we can. agree has long positioned itself as a soul within the e.u

peaceful for the worse do you guys know what security security positions of the us mean that. jack me again. you see people get all their cars you know see you coming in the heart and it seems like they'll hurry up and run into the house like they don't want to don't want to talk see her get your mail or anything like that. i just want to. say i can do that. just try read a. good chance give me. christ as midriff is i'm in crisis and they sure. it's just. gale of natural disaster and got this right malaysia. and they bring to this. indonesia here in japan. for the problem of you say to stop to assist with your developing saw that governments and international organizations do not have enough time to change gradual. exists is a stick from a water bottle found in the stomach of a fish the brand is spawns of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad ones there the litter bugs are trying this way industry shouldn't be blamed for all this waste the company has long promised to reuse the plastic. seats to

jack me again. you see people get all their cars and i'll see you coming in the hard in this seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i swan well all i. can do to. ride this tirade a. little . oh. very well now can see you watching us instead. 2 congress men from the last a table a bill to prevent donald trump from starting a war with iraq. due to blocks of video that alleges its parent company google wants to modify search results and influence of public opinion during elections. highly partisan political machine. garden sprouts over water and some pretty big broad acceptance of the program. and a german lawmaker accuses the french president of anti german biased sacramento micron opposes pulling his candidate for president of the european commission. latest on these stories you can head to our t.v. dot com and stay with us now for the financial news and the kaiser report.

open us to that. day jack me again. you see people get all their cars and i'll see you coming in the heart and it seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go. and do things. to try renaming. me now and now to some give me. coming up on the program germany over the possibility of. returning home to the. stream this militants who travel to syria. on the university intends to offer academic positions within. exclusively to women sparking debate. discrimination.

worse do you guys know what's a good many security positions open to the us you know. david jack me again. you see people get all their cars you know see you coming in the heart and this seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go. and do this. just try reading. it to someone give me. a globalization period that we had is that all over the be a new globalization period it will be a network driven i predict that america will become a subscription service like netflix you will subscribe to america and they have to offer you a value proposition to keep your subscription alive. as we speak large organized care of it are on the march to the united states. then 70 and a player coming after carrying. no spears remains dad. this is a virtual invasion of our country for so far because the only thing we face. that i'm at the end i thought of it when i meant they author. no. you know what it is this. is you know. you can see i'm all. for. a go go little. question about russia i

. day or jack me again. you see people get all their cars and i'll see you coming in the herd and they seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go. back and do the. run just try renaming. i mean there now it's chance someone give me. you know world of big parts of the lot for years and conspiracy it's time to wake up to dig deeper to hit the stories that made history media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bath and shouting past each other it's taught us for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. i've got it. i. threatens the wrong with. move. the u.s. president. the u.k. suspends exports of crowd control equipment to hong kong over the city state's crackdown on recent protests. to resume selling weapons to saudi arabia which stands accused of targeting civilians in yemen. and fresh fears in germany over the possibility of islam