Quickly responded to the announcement denying any wrongdoing in a statement the company wrote the way we have been taxed by National Authorities has in our view been in accordance with the e. U. Rules it is good at the investigation can bring clarity and confirm that. I cant isnt the only company in the e. U. Under investigation though french finance minister Bruno Lemaire has filed a complaint against amazon for allegedly abusing its suppliers with one sided contract closets depending on the outcome of the investigation the company could face a ten million euro penalty although on Amazon Distribution Center was just opened in the norther in northern france its been a bit controversial throughout the rest of the country not too long ago paris complained that amazon prime now local restaurants and get uncertainty were joined now by oil in the Global Energy mix capacity to meet those growth way with the. Timing of the transition from an oversupplied market to promises of Nuclear Growth and positive Market Conditions in the long term and this industry is typically driven by energy and electricity placed in is also growing from seven billion to nine billion over the next two decades population growth is feeding the expected increase in your brain and production currently there are two billion people who have no or limited access to electricity and proponents of Nuclear Energy say that this is an important option in the Worlds Energy mix as those energy demands continue to grow and the Nuclear Options will continue to increase also china and attempts to slash coal consumption especially in a small prone areas will also seek to Deploy Nuclear power to provide reliable winter heating of course opponents do cite many environmental and Health Concerns when it does come to Nuclear Power yet china does continue to pump billions into advanced Nuclear Technology and this will not only boost chinas domestic capacity and also strengthen their Global Presence and their use of conventional Nuclear Plants is providing hating to common places throughout russia and Eastern Europe and meanwhile china will seek to be the first country to build reactors dedicated specifically to that task of war mean its cities china also has plans to develop a portfolio of reactors capable of powering remote allans ships cars and even airplanes and proponents of Nuclear Energy claim that the power remains safe clean reliable affordable and most importantly a Baseload Energy source and regions where Baseload Energy is needed to provide twenty four hour power are those areas that see the most growth in new Nuclear Construction the potential use of a twenty four hour baseload include industries and Health Care Education transportation and Communication Systems and Nuclear Reactors can run on a single load of fuel for about twelve eighteen months helping children toadies from. Possible few call swings and supply interruption and with the demand coming in the form of new reactors and the expansion of reactors already in place a market shift is expected and their story lack of investment and decreases in long term contracting have also begun to take a toll on the primary supply side despite the impact of the excess supply on todays market there is opportunity in the long term for strong producers that have the right mix of assets and the flexibility to meet future needs long term success were made dependent on market shifted to the supply of or the lack of contracting activity and many experts to believe the uncertainty in the market will shift and theyll need a Recovery Period to protect contract portfolios reporting for us david miller r t america. Going out things began trading last week at the Chicago Board Options Exchange and Bitcoin Futures trading began on monday at the c. M. A. Group what does all of this new trading of derivatives mean for bitcoin lets ask our friend of the show and former u. S. Trading commissioner part chilton smart what does all of this new Derivatives Trading mean for bitcoin. I think its a really positive sign i mean weve already seen that the price between last week the options as you say and this week just today c. M. E. Group which you know the prices are leveling out in between those futures those derivative prices and the actual bitcoin price and thats a good thing says are still going up significantly but at least there is and theres going to be a lot more liquid in this contract that c. M. E. Group so i think really positive for bitcoin well what about volatility in Bitcoin Trading in the underlying coin trading and on the derivatives. Right so that the under look the underlying you know bringing that volatility down is key and so far weve seen that that happen its too early to make any super long term prognostications but my view is that the volatility will be less and that the more liquid as more liquidity comes in thats going to be a really good so i think c. M. E. Really stellar do you think we could see you regulate down the road i probably look towards the Trading Commission theyre trying to delivery is so if you have a futures contract and you say im one you know january futures on on bitcoin and you actually go to delivery you actually take it that means taking possession of it but how do you take possession of something that you know has existed in cyberspace right so that definition will be a new regulation its out right now they just issued it the other day for a ninety day comment but other than that i dont see new regulations but i do think that it will help overall with regard to oversight and foresman of not just the futures bianca but of the dark markets the over the counter markets where the actual bit coins are being traded and people really havent covered this thing its sort of a nuance but its really important and that is when these see f. T. C. Looks at the futures if they think that something has taken place and toward in the underlying in the regular Bitcoin Trading it i wont list any exchanges but in one of the many numerous bitcoin exchanges if the see if t. C. Thinks something is going on there they actually have an arm into it and they can look at the trading there so all of this transparency and oversight thats going on in the futures industry can actually translate to some extent into the other underlying Bitcoin Trading and thats a good thing well it sounds like this might have global repercussions i mean how do you think this could impact other International Financial regulators another trading around the world. Well i do think you know we you and i have talked about this personally and on the show that you know weve seen south korea china and russia actually take a sort of you know the dont stop everything right now stop the stop initial coin offerings stop a bit coin and other Digital Currency trading and i think this is a really positive sign for bitcoin in general that the u. S. Is doing this and i i think its true that other Global Regulators in asia and in in europe in particular i think are going to look and see what the see f. T. C. Is done what i think the f. C. C. Will do to regulate more in the coming year two thousand and eighteen so i do think its a positive thing i know there are some naysayers out there in the digital enthuses too they dont want them many government but by and large investors i think will be better protected because markets will have more transparency more oversight and theyll be counterparty protection too so somebody makes bad on their bet with you its the clearinghouse will pay for underlying bitcoin thats another really great thing about this futures trading bianca former u. S. Trading commissioner part thanks as always. Thanks. Time now for a quick burn well the g. O. P. Actually passed tax reform by christmas leaders only have a few days left to do that well hear from Steve Malzberg on a good market gains hopes are high for retail sales of the Holiday Season but what can we expect moving forward are a model of the stocks who will join us to talk more about that in the dallas and five thousand point in the in a year for the First Time Ever where the number is at the closing bell. A little because this will only for the year they play a short tournament. A much as you all your life my beautiful daughter the olympics theyve won so my. Wife whatever somehow six times well its it was different story. How does it feel to be a share of the greatest job in the world its as close to being a king as any job there is a Good Business model helps to run a prison now we do or dont like this is nobody you know visitation i dont no one comes anymore we dont have to serve them anymore is the big deal thats what they want to do that as long as they dont give a damn. If you do the jordan man there are virtually brandos to put about the good of the good the louisiana incarceration rate is twice as high as the usa bridge what she could is behind such success. I i i i. Between debt problems and Hurricane Maria puerto rico has been dealing with a lot recently and it looks like the situation there could get worse a new report from the New York Times points to a looming foreclosure crisis that could be worse than what we saw in two thousand and eight the paper noted how one third of the four hundred twenty five thousand homeowners in puerto rico are behind on their mortgage payments and around ninety thousand became delinquent as a result of the hurricane currently the islands foreclosure rates its at thirty five percent more than double the National Rate from january of two thousand and ten considering puerto rico is still reeling from Hurricane Maria its unclear if when and how this could be solved especially since a government imposed moratorium on foreclosures is scheduled to expire in just a few months the holidays are just around the corner so most americans are swiping their cards left and right with Consumer Confidence up and record highs in the stock market what can we expect to see this year to hear her take were joined now by melissa are mo founder of the stocks whoosh melissa a study for master card shows that u. S. Retail spending was up three point six percent between november first and december ninth from the same period in two thousand and sixteen and since november ecommerce sales were up sixteen point three percent so is the upcoming Holiday Season the main reason for this earth or Something Else that play. Well thanks for having me well you know what i think that today is a great example of why consumers are having so much confidence look at the market we just closed record highs again today i mean the spa has made a twenty five percent move in one year so to get numbers like that i mean youre not surprised in fact i want to be surprised if by the end of the year the numbers not only meet expectations but exceed the expectations that companies thought that they would have for the for the sales for the Holiday Season well despite the retail boom its one of the only industries thats not adding jobs so should we expect to see strong retail sales after the holidays if we keep seeing store closures. Well heres the thing these some of these stores have got to compete better the brick and Mortar Stores with the online on the line stores and theyre trying to do that but the problem is with the holidays a lot of these stores have big sales because they do the price slashing a lot of the have forty five Percent Discounts for the black friday in the Holiday Season its hard to compete then because during the year if these brick and Mortar Stores have these huge sales people waiting for them they shift to go online so i think the challenge for brick and Mortar Stores for retail anyone thats still out there thats competing ok the wal marts the targets the coles the macys anyone thats out there thats fighting for market share against the amazons of the world theyve got to find a better way and its not always given the discounts for example coke coles the stock was in a down trend right before the Holiday Season it was trading around thirty eight around november ninth before the thanksgiving rush its up today had a huge rally again today back up in that trend over fifty four u. K. You know the stock was dragging all year theyve got to find a better way to get people in to buy and you know thats the challenge right now because you look at amazon and you bring up a good point because even though the internet has definitely disrupted the Retail Industry online sales only account for about ten percent of total retail sales so if that is the case for considering it is why do you think the industry is doing so poorly when its not the Holiday Season is it just because during black friday they. Are putting everything seventy five percent off. Well the thing is it could be different in twenty eight teams thats what im saying people now are lightening up on their pocketbooks third theyre not theyre feeling like they can spend money thats why Consumer Confidence is high thats why people are feeling like oh my gosh i dont have to worry about so much in the future i can go out and buy this gift and theres Something Big its not just a holiday sales that we were seeing a trend here for the for the shopping its something called self gifting ok so self gifting is oh i need that so and so im going to buy that for myself plus the presents for my family and friends so self guesting has been a big trend this Holiday Season i think overall youre seeing people feeling like they can loosen up on their pocketbooks because the economy is Getting Better and that overall is going to project into twenty eighteen if the market continues to rally and once again the tax bill if these companies these corporations are going to get this huge tax break if this really passes which everyone feels very optimistic that its going to happen that is going to help give all these companies a boost target walmart macys kohls all these companies im talking about amazon till theyre going to get a huge tax break well as you just said there has been a major focus recently on Consumer Confidence which is sitting nicely at a seventeen year high but wages still remain pretty stagnant and we just saw that in the most recent jobs report so how is it that americans are feeling optimistic if were not feeling improvement in our paychecks well i think people are feeling optimistic because if you have a plan and youre reading your statements for the last year its increasing without you having to do anything so that right there makes people feel better about their future more secure for their retirement also if they do these tax cuts for income tax going into twenty people are going to see that immediate savings theyre going to see that immediate savings and that makes people feel more optimistic about the future as far as the wage growth i mean people been talking about this i dont know why. Hasnt caught up with Everything Else maybe its just one of those things thats going to take a while to get caught up maybe youre going to see the after effect of these companies saving money on the taxes with the Corporate Tax rate being cut and then theyre going to start to pay more for more qualified labor i mean maybe thats going to reflect on top of that after the fact i mean i dont know why we havent seen that because unemployment is low but i definitely think that Companies Might want to pay more for better labor or pay more away interest and that might have an effect maybe twelve twenty four months down the road melissa founder of the stocks thanks so much for your time today thanks thanks for having me. A new report from the International Energy agency says global coal consumption will remain subdued over the next five years its expected to grow at just zero point five percent due to lower demand in china last year fell by one point nine percent because of lower gas prices and a surge in Renewable Energy however it wont be declining everywhere while coal use will drop in Europe Canada and the us it could rise in Southeast Asia India Pakistan and bangladesh in fact indias consumption could grow by three point three percent per year until two thousand and twenty two at a recent gathering in paris United Nations secretary general antonio could terrorists urge leaders to move toward renewables emphasizing that they are not a cheaper than Coal Powered Energy to the Global Financial system is a war which forms them as of three years of. Or even negative Interest Rates but the opportunities for productive and growth for the low carbon glowing with the investment. The new rules imo cheaper than board energy in those rooms of the developing countries producing the basis for Sustainable Energy for all. And its also affected. Every subsidized meaning we are investing. On monday leaders returned to capitol hill with tax reform in mind all coming to agreement on a budget that theyre not successful on the latter we could see another Government Shutdown to talk more about this were joined now by conservative commentator Steve Malzberg see if the g. O. P. Has emphasized over and over again that this tax bill would help the middle class but a new Monmouth University poll shows that almost half of americans disapprove of the bill so why arent they excited about it. Theyre not excited about it because the media has been doing a hatchet job on it from day one because anything that would be good for trump and the republicans is bad for the media and theyre going to tell you its terrible when in fact you know there are so many things in there for the average american most americans take the standard deduction and their standard deduction is going to double for individual filers and its going to double for for families who file together husband and wife married couples the Child Tax Credit has gone up theres a whole litany of items that will benefit the average middle class worker and not the least of which is the Corporate Tax advantages that are going to i hate to use the term trickle down when the economy grows and they estimate that that will come to about two thousand dollars for the average American Family so theres a lots of stuff in here for the average american they just dont know it so i wish they would ask the same people that dont like it hate whats in it and theyll say oh because they dont know why he just alluded to that bill one lower Corporate Taxes but the joint committee on taxation said that would increase deficits by one point four six billion dollars over a decade so if that does happen wont that risk counteracting the resulting investment that the g. O. P. Claims will see from the legislation but i do know i take any any estimate by the joint committee on taxation or the c b o i take it with a grain of salt what the republicans are doing here makes a lot of sense and you know the joint commission on taxation originally said that the lower wage earners are going to pay more and why because theyre going to lose the subsidies that they get for taking obamacare while they were forced to take obamacare they get to opt out of it on purpose and they wont get those subsidies naturally and they take that into account somehow and say all theyre not going to get those subsidies so its a tad. Increase i dont know what what these committees and commissions come out with well the government needs to agree on the spending bill by friday to avoid a shutdown given the amount of partisanship on the hill right now do you expect that well see a short or long term spending bill put in place and which was the better scenario to be in well the better would be the long term but the democrats want to attach the dreamers in dhaka to any long term bill and they also want less defense spending than the republicans do so i would like to see the democrats veto all this filibuster it shut the government down over dhaka lets run on that no way teen she word gets to them Steve Malzberg conservative commentator thanks so much for your time today but. Finally the existence of a secret Defense Department program to study u. F. O. s has been revealed by the New York Times military intelligence official Louis Elizondo worked on the advanced Aerospace Threat Identification Program in the pentagon until he resigned in october the program was created in two thousand and seven while funding officially ended in two thousand and twelve elizondo says the Program Continues and that another official who he declined to name has taken over his duties elizondo complained of excessive secrecy in his Resignation Letter asking why are we spending more time and effort on this issue from two thousand and seven to two thousand and twelve official funding totaled twenty two Million Dollars as for findings elizondo told the daily beast objectivity is an imperative when dealing with a subject as unknown and as contentious as you have posed however there are still those observations that defy explanation. Thats all for now but be sure to catch us on you tube at youtube dot com bust r t thanks for watching well see you next time. About one hundred rhythm i did not a lot i didnt know me money. On the. Team at the bottom of this missile but you know me a lot of most of. Us just love. To put it. That the. That and the winning a dozen other guys you know some of them not old enough sonny to the left about a number of people died but some. Of them and most will go down. As become a. Comedian would come in the club and then the police move. Them some smoke out somehow almost with some solo and they got. Lucky and then out on the from the one that hit. The world is a finite place. He marries capacity generator. Average sams internet oh my god how are those two going to work how do you square that circle. Everybody im stephen bob. Taft hollywood guy usual suspects every proud american first of all im just struck marcia in our view to say this is my buddy famous financial guru well shes a little bit different im honest. There are no windows up with all the drama happening in our country and im rude have fun meet everyday americans. And hopefully start to bridge the gap this is the Great American people. I know. That im. Well im no good at it and give it. The headlines here on r t the Un Security Council have a well many banks a resolution rejecting trumps decision to recognize jerusalem as the council of israel but its vetoed by the u. S. At least three people are killed as a passenger train derails from a bridge in the u. S. State of washington. And thousands of protesters rally in vienna after a far right party takes key posts in all street as new coalition governments. You can find out more about those stories i have on our website ill be back with the headlines again in about an hour in the meantime
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