All language subtitles for The Fear Index.S01E02.Episode 2.WEBDL-1080p.ggez.en

Okay. I assume you all
know what's going on here.

Here is where the
algorithm selects the trades.

Here are our executed orders.
Here's an option we put on last night.

For 12.5 million options
to sell Vista Airways

at 7.28 euros a share.

That's a heck of a
chunk of the market.

A little risky, if you
don't mind me saying so.

All airline stocks are
fragile these days, Bill.

I'm perfectly easy
with that position.

Vista Airways had 12%
passenger growth in the final quarter

and a revised profits
forecast up 9%.

Plus, they just took delivery
of a new fleet of aircraft.

So, I don't get that
position. Makes no sense.

May I? Of course.

Proctor & Gamble,
six million short at 62.

Exelon, three million
short at 41.50. Jesus.

Is an asteroid
about to hit or what?

We haven't lost your money
yet, have we, Mr. Klein?

Am I missing something or are
those positions way out of line?

You're not missing
anything. VIXAL is...

Did Marieme get ahold of you?

She wanted a meeting
of the risk committee.

Alex...

Give me a minute,
Hugo. I'll be right back.

What have you got for me?
Well, they're in your name.

How old are they?
I don't remember...

Recently, they were emptied,

and a month later, the same amount
plus interest was deposited back.

How much? Like, 12
million, give or take.

You must have authorised it.

Okay. Let me look into this.

You just don't tell
anyone about this, okay?

Oh, my God! Look at this!

67 aircraft operated by the
Swiss company, Vista Airways...

Vista Airways, did she
just say Vista Airways?

Yes.

On the outskirts of the
city, shortly after take-off.

It's not yet known
how many passengers

or crew members
were onboard the flight,

or if, indeed, there
are any survivors.

And the only pictures we
can bring you at this moment

show plumes of
smoke on the edges of

the Weltwald Freising woodland,

just to the north-west
of Munich Airport.

Well, emergency services
are currently at the scene...

No survivors. No way
anyone's getting out of that.

Unconfirmed reports suggest
that there was a possible explosion

moments after
the aircraft took off.

- Turn it off.
- Holy shit.

This just happened and Vista Airways
stock is down 15% already. It's crashing.

Wow. Your little black box
is really cleaning up, Alex.

VIXAL-4 must
be a fortune teller.

The fund stands to make

20, 30 million dollars
from this one trade.

Dr. Hoffman? Mr. Quarry
is asking for you.

Yeah. I'll be right out!

67 aircraft operated by the
Swiss company Vista Airways,

carrying up to 150 passengers.

Eyewitnesses say that
the plane got into trouble

not long after taking off.

And further reports suggest

there's a possible explosion
onboard the aircraft.

Well, these pictures, just in, show
emergency services at the scene...

Hey.

I just wanted to check
in, make sure you're okay.

God, have you seen the
news? Yeah. It's horrible.

Are you able to get away?

I can't.

We were half way through the
presentation when the crash happened.

There's a couple of things
I have to take care of here,

but I'll be there as
soon as possible, okay?

How's your head?

What do you mean?

Your head, Alex. It was
split open this morning.

Oh. Right, yeah.
It's fine. Normal.

I'll be there before
it starts, I promise.

I love you. Love you, too.

Let's keep this quick, please.
Marieme, what's the damage?

To us, or to Vista Airways?

I think we'll be looking
at an official investigation.

Why? We didn't know that
plane was gonna fucking crash.

VIXAL made a huge bet to
the down side on Vista Airways

just before the crash

and the inevitable
share price collapse.

An investigation is
almost guaranteed.

They'll have detected unusual
activity surrounding Vista Airways stock.

It'll lead them straight to us.

But we haven't
done anything illegal.

Not unless we
sabotaged the plane.

How the fuck would
we have done that?

Sabotage is a conclusion people will
come to, considering the recent trades.

Could VIXAL have somehow acquired news
of the crash before the rest of the market?

VIXAL takes a direct digital news
feed from Reuters which gives it, what,

an advantage of a second
or two over a human trader,

but there are plenty of other algorithmic
trading systems that do the same.

It would take us
less than five minutes

to show even the most
dumb-assed regulator

that we shorted that stock as part
of a pattern of bets to the down side.

There's nothing special.

There's a spread. No
coincidence. Get over it.

As a former
"dumb-ass regulator,"

I agree with you. It's
the pattern that matters,

which is why I tried to
talk to you this morning.

I had a pretty shitty start to my
day, Marieme, as you can see.

Have you been
following our positions?

No. I've been rather
busy this morning.

I thought so. Well, we're
up to 20,000 contracts.

Twenty thousand?

Well, Hugo, we started
accumulating VIX futures back in April,

when the index stood at 18.

If we had sold, we would
have done very well,

and I assumed that's
what would happen.

But rather than following
the logical course and selling,

we're still buying.

Frankly, I'm seriously worried.
Our book's all out of shape.

We're long gold,
we're long the dollar.

We're short every
equity futures index.

If we don't get on top of this
situation, we'll have to notify the board,

and possibly, go even higher.

So what are you
suggesting we do, Marieme?

We have to get properly across what
VIXAL's doing, with so many contracts.

We have to start
liquidating these positions.

Meaning if the level of our
exposure isn't dialled back,

I'll have to notify
the investors.

Which means I'll have
to talk to the board.

Alex, are you even listening?

Yes, of course I am.

Liquidating our positions at this stage
would be a total overreaction, Marieme.

Jesus! We made nearly
$80 million last week.

We just made another
$40 million this morning.

And you want us to ignore VIXAL's analysis
and go back to discretionary trading?

My algorithm is working.

Come in.

Sorry to disturb.

Dr. Hoffman, you wanted a reminder
about Mrs. Hoffman's exhibition.

Yes, yes. Of course.

If you want to get
there before it starts.

Let's wrap this up, shall we?

Message is said to
have gone out at 9:30...

I need to talk to you. Hugo.

What now? on an
Islamic terrorist website,

with the Akhwat Alsyf
group claiming responsibility.

It appears to have
been published

while the Vista Airways
flight was still boarding...

It's going to be very difficult
for us to deny that VIXAL,

and by association,
this company,

knew that this crash was
going to happen today.

If that's the case,
and we didn't...

Let's just all try
and stay calm,

and remember we have
investors in the building.

We may have profited from that crash,
but we didn't bring that plane down.

It's not our fault we
happen to be richer for it.

It's immoral.

Oh, you mustn't be so pious.

I'll be at the lunch, but I
have to go see my wife.

Dr. Hoffman, my name is Olivier.

I have been assigned to
you by Monsieur Genoud.

I think it's best we
use this exit, sir. Okay.

One moment please.

Okay.

We can go.

Hugo, are you listening to me?

If he won't stay for something
as important as a risk meeting,

when his own
company is on high alert,

it's clear he's not
in his right mind.

Everybody here has witnessed
his extraordinary behaviour.

He can't be
trusted. And frankly,

I believe we should
take steps to remove him.

Don't take it personally, Hugo.

Oh, you're being serious.

Not now.

Are you lost? What do you want?

There's something you
need to see. Seriously.

VIXAL-4 has been
buying a great deal of stock

in a pharmaceutical company
that supplies vaccines for Ebola.

We didn't think
much of it at first,

but with the crash and now
these links to a terrorist group,

plus the amount of
stock being purchased,

we're wondering if VIXAL is
aware of an imminent outbreak

or, I don't know,
something like that.

Hugo, we have to stop trading.

As Alex isn't here... I will
always act in Alex's best interest.

And as he believes that
VIXAL 4 is doing its job,

I will do no such thing.

Now, I have to take our
investors out to lunch,

so, I suggest we
reconvene at 3:30

when the U.S. markets open and
review the situation then, all right?

I think it would be prudent
for a lawyer to be present.

Oh, Marieme, threats
don't become you.

And I'll have my comments
from this meeting minuted.

Whatever you say. Bye.

Conard.

Dr. Hoffman.

It's not a good day
for you, is it Maurice?

Excuse me, sir?

First our home security
system, which you installed. Fails.

Now my work computer's
been compromised.

What?

Someone has accessed sites
from or directed sites to my server.

The worst, worst kind of shit.

What do you mean?

All kinds of stuff connected
with the crash today.

Terrorist information, listed
in my computer's history

as "domain unknown,"

IP addresses from the dark web.

I mean, after today's
trades and the crash,

it looks like I had
prior knowledge.

I shouldn't be able to
access the dark web, Maurice.

I put software on your computer
allowing you to access the dark web.

What? Why would you
allow that into our systems?

Not of all the
systems, just yours.

Why? Why just mine?

Maurice?

Is this a test, sir?

What the fuck are
you talking about?

Someone is fucking with me!

Okay. I understand.

I'll look into this right away.

And don't let anyone in the office
know. Not Hugo, no-one. Okay?

Understood.

Mmm.

I'll go in alone.

My colleague is just
inside the gallery.

I'm so proud of you.

I just want to make it
through without crying.

Who cares if you do?

How sweet.

But I'm going to have to steal her away.
She needs to schmooze with buyers.

Schmooze.

Yes. Apres vous, madame.
See you later. Merci.

How's it going?

Jesus Christ. Hugo. I'll
be at the goddamn lunch.

Just give me one hour.

All right, relax. It's just
a quick courtesy call

to let you know that we're
on our way to the restaurant.

I can't distract
them for too long.

So, enjoy the art.
Love to Gabby.

See you soon, all right?

Right. I gotta go. Right.

What's going on? Where's Alex?

He'll be joining us
at the Beau Valias.

He is coming, right?

I mean no offence, Hugo, but
it's his name above the door.

You're asking us to
put our faith and money

into something he's selling us,
and he's barely shown his face.

And he's extremely
grateful for your patience.

Now, shall we?

Alex!

Bob? Last time I saw you,
you turned down my job offer.

You still think I'm the devil
come to steal your soul?

I'm not sure I'd
put it like that,

but, yes, I still feel that high-end
science and money don't mix.

I offered you an olive
branch, Bob, you refused it.

Am I missing something?

Wouldn't it be
hypocritical of me

to work on an algorithm I
believed dangerous at CERN,

that was now being used to make
money for the already very wealthy?

Anyway, it was a long time ago.

I actually just wanted
to see how you were.

I'm touched.

Alex, you were my friend.

Which is the only reason
we didn't press charges.

They put me away, Bob.

It might not have been jail,

but they locked
the doors at night.

Well, it obviously helped you
get better. Look at you now.

Why are you here, Bob?

You invited me.

The email.

I never sent you an email.

Here.

Erm...

"It's been a while.
Hope you can make it."

That must have
been my assistant.

Enjoy the champagne, Bob.

Ladies and gentlemen,
over here, to the stage. Yes.

After a somewhat long absence,

I should say too long,

please welcome on
stage Gabrielle Hoffman.

Clearly using a
mic is beyond me.

Erm...

The new work you see here,

the conception of it, came
from losing an unborn child.

The hospital insisted
I have an MRI,

when they suspected
something was wrong.

I'd never had one before,
but going through that tunnel,

the screaming
sound of the machine,

I knew it was over,

We lost the baby at
five-and-a-half months.

It wasn't the first miscarriage,

but it was certainly
the most devastating.

Afterwards, my husband
took me to Oxford.

And we came across a 3D
model of the structure of penicillin

made by Dorothy
Hodgkin, in 1944.

She had built it up
on sheets of Perspex.

It was so beautiful.

It seemed, to me, to be the perfect
union between science and art.

Losing our baby made me think
about how we remember things...

Make sense of them.

Of all the parts of us, the brain
is what makes us so unique.

We know so much
about the human body,

but the brain remains a mystery.

That's where the idea
for this sculpture was born.

I'd spent years drawing
the human body,

but what if I could
go inside the brain,

and get deeper?

What if I could create
a portrait of my brain?

Anyway, er... J'espere
que ca vous plaira.

And please come and find
me if you have any questions.

Thank you.

Any news?

Yeah. Making enquiries, yes.

No, you're not. You're here.

Who was the gentleman
you were talking to just now?

That was an old work colleague.
I haven't seen him in a while.

Ah, yeah. Because I
sensed a little tension.

No. No tension.

And where did you work together?

At CERN.

Of course, at CERN, yes, and...

Why did you leave from...

Was that all right?

Oh, my God, that was
brilliant. It was so amazing.

Oh, God. I just need
to sell something now.

You will, I'm sure of it. Yeah?

Congratulations, Madame
Hoffman. Merc', c'est gentil.

Wait, wait. I have to take this
really quickly. I'll be right back, okay?

Okay. All right. Love you.

Genoud, what have you got?

I've been trying
your other number.

I think it would be best to
discuss this on a secure line.

Other number? What
are you talking about?

I'm going to join Hugo at the lunch
and we can discuss this in person.

It's better that way.

Don't say anything.

I'm going to hang up now.

Genoud? Genoud?

Hey, sorry...

Were you hospitalised because
of a nervous breakdown?

What? Who told
you that? Is it true?

It's not that simple.

Oh, my God, what?

Excuse me, ladies and gentlemen.

Congratulations, Gabrielle.

Fantastique. It's
your first sale.

Thank you. Thank you, everyone.

And thank you to
whoever bought it.

Hang on, I haven't finished.

And this one.

And this one.

And...

Bertrand, is this all one buyer?

Indeed, a very wealthy...

Who is it, Bertrand?

Unfortunately, I can't reveal
that. It's an anonymous buyer.

It's you, isn't it?

What? I would
never do that to you.

Who were you on the phone
to just now? My work. I told you.

So, you hang up and two minutes
later, everything's been bought?

Bertrand, tell her
it wasn't me, okay?

In all honesty, I can't say
who it is because I don't know.

My bank just sent me an email

saying they just received
an electronic transfer

with reference
to this exhibition.

This is good news.

An electronic transfer? Correct.

You need to give it back, because I
do not want my work treated like this.

This is a legal
situation, Gabrielle.

When a piece of the art is
purchased like that, it's gone.

How much did they pay for it?

One hundred and
ninety-two thousand francs.

I'll give you an extra
200,000 on top of that

if Gabby can have her
work back. I can't do that...

Okay, fine, 400,000,
then. Double it. No.

Stop it, Alex. You
can't be serious.

Gabby, wait!

Gabby. Something very
strange is happening here.

Whoever bought your work is the same
person that sent me that Darwin book.

I'm sure of it. Someone is
trying to fuck with my mind.

Listen to yourself.
You're lying.

What? No! Why would I... No.

You have to know that I wouldn't
do anything like this to you.

You can't just throw
money at situations, Alex.

You couldn't do it when we lost
the baby, you cannot do it now.

You won't let me in.

We went through hell for eight
years and I never saw you cry.

But apparently, you had a
breakdown before you met me.

And that was something that you
felt like you shouldn't share with me?

I just... Who are you?

I can't do this.

No, wait, Gabby,
this is ridiculous. Hey!

Don't you ever grab
hold of me like that again.

Go after her.

Genoud, I know this is gonna sound
crazy, but did I just speak to you?

Alex?

Did I just speak to you?
Answer the question.

Yes.

I don't need his name,
I just need the number.

I can't do that. Jesus
Christ! You little shit!

No more of that, please.

It would pain me to arrest you
after what you've been through today.

You need to calm down, you know.

My wife's very upset. I'm being set
up, and this stupid pedantic little man...

Stupid? Yes.

So stupid to have
sold all your wife's work

on the first day
of this exhibition.

All I want is the number of
the buyer's bank account,

then I can prove that this is a
fraudulent account, with my name

that bought my
wife's work, okay?

That is confidential
information.

You said it, thanks.

Right. Can you show me
these account numbers, please?

If you don't, it's impeding
a criminal investigation.

So, you have to do it.

Fine. Thanks a lot.

Can I see your number, please?

Someone is trying
to ruin my life.

Okay.

Thank you, monsieur,
for your cooperation.

You received no message?

Just the notification that the
pieces had been bought online.

Yeah, you're right.

I know.

The numbers match, but
that doesn't mean anything.

Other than the fact that
various items have been bought

with money that is in your name.

Er, the famous Darwin book and
the entire collection of your wife's work.

But maybe you are trying to
find a way to avoid being blamed

for a grand gesture
that didn't go to plan.

Jesus.

You wouldn't make
it in my business.

You wouldn't even
get in the fucking door.

You are deliberately misunderstanding
the situation. I'm being framed, okay?

Yeah.

I understand.

The numbers speak
for themselves...

Will you excuse me? Of course.

Alex, tell me
you're on your way.

Hugo, it's a fucking
disaster here!

Gabby's furious, I think she's
going to leave me, and I...

And somebody is trying
to screw everything.

Wait, hold on. What's happened?

Her exhibition! Her work. She
thinks that I bought all of her work.

Well, that's a generous
thing to do, isn't it?

Yeah, but I didn't do
it, though. It wasn't me.

The money came from an
account with my name on it,

but it wasn't from me.

Okay, Alex, you're
not making any sense.

Just come here, show your
face and let's seal the deal.

No. I can't sit and talk to
those assholes right now.

They're asking for you.
Do you understand?

I'm here, fucking Genoud
is here. You need to be here.

Genoud, okay. I'll be
there in five minutes.

Great.

Dr. Hoffman! Yeah, I need
to go back to work now.

He's going to show, right?

He's on his way to us right now.

Despite my obvious reservations

about the fact we're
benefitting from disaster,

it's undeniable this VIXAL
program is extraordinary.

Which is why we think
you ought to invest more.

Talking of disaster, do we have
anything on Tropix Pharmaceuticals?

Why do you ask?

They're just doing a deal with
the WHO on a new Ebola vaccine.

Rumblings of an outbreak.

Hi, this is Gabby, leave
a message. Thank you.

Gabby, can you just call me
back and let me know you're okay.

I love you.

I don't want to lose you.

We're nearly at the Beau Valais.

Please, wait here one moment,
sir. I must search the premises first.

Okay.

All good? Oui, monsieur.

Lin, call me back straight away.

Don't speak to
Marieme or Alex, just me.

It's urgent.

Claude. Yes, sir.

Olivier!

Shouldn't Dr. Hoffman
be joining us?

Does he have something
more pressing to do today?

Oh, you must know the
mind of a genius can wander.

Wander? Not with
my money he can't.

Bring us here and make
us wait here an hour, yeah.

Doesn't look good,
does it, Hugo?