Read about hackers i know there was a tesla that was hacked from a number of miles away i read so is it possible in the future were going to have to worry about self driving cars be hacked and essentially cars being weaponized perhaps and you know support of some terrorist activity told you it was weird its not a weird question youre actually spot on the reason we dont have Autonomous Cars on the road today because of some of these factors we have Insurance Regulations government regulations the hackers and the attorneys who are just waiting for someone to hack so the Current Administration has stopped what they call v. To v. Which is vehicle to Vehicle Communications and the reason that is thats going to actually slow down this Autonomous Cars and im currently today in buffalo we just had a seventy five car pile up because of a white out there is nothing an Autonomous Car could have done to save you it probably would have been worse and the reason for that is when those cameras which work on lidar and radar when theyre blocked because of ice and snow you need to have the. Skills in order to take over that vehicle if theyre not going to teach people how to drive cars anymore youre asking for a lot of problems so i think before you jump to the Autonomous Car concept maybe just call a new birth if you dont want to drive. Lauren fix the car coach i love that car coach great brand and we hope youll come back thanks for joining us take care any time thank you to. Time now for a quick break but stick around because when we return well examine britains trade options as rexs approaches plus well ask brian martin of trinity Asset Management if the bond markets are about to make a big move as we go to break here the numbers check out oil still above sixty it. At the closing bell. Luxury and three but also an Alarming Number of People Living in the streets. The simple fact in l. A. Hes theres just not enough shelter even if people on the streets right now decided to come in theres nowhere to come in its been a struggle. This man phoned his own response to the problem and constructed dozens of tiny homes for people in need of shelter when you have nothing in order to go. You know having Something Like this may as well be a castle but do the authorities accept such. A tiny house on a city parking space is not a solution perth to have someone monitoring the site otherwise itll be a free for all the news there a better alternative to end the homelessness crisis. Because gold is periodic al the number seventy nine has unique attributes that make it great for money. With not more than a vacuum it has got forty years of history to it as evolved through all these technologies its a unique protocol and it like gold it is attracting a huge amount of capital for for the for this achievement and you cant say that you can simply go out there and create another. There are competitors of course just like there are competing species on planet earth for energy and survival but theres only one the apex predator that is mad at the moment before he dies from all the garden. Its the cradle of jazz. This is america the america we have. Known this jazz feel. The city of climatic testify of alligators on the loose. And crime by the members of my close most. Of street racing in the peace of the night. New orleans. The best place in the world. Trying to crack down on pollution has put the nation on track to be the number one importer of natural gas for twenty twenty eight team potentially overtaking japan the current leading importer of natural gas china is already the largest importer of coal and Oil Worldwide but increasing demand in domestically has forced china to import more than forty percent of its energy needs in twenty seventeen alone experts estimated that the country will have imported more than sixty seven million tons of gas that has come after china started a massive Green Initiative last year hoping to cut down on the number of companies and households that have been dependent on coal in an effort to clean up their air and boy if you bend to beijing they need it. The Brazilian State Oil Company has agreed to pay two point nine billion dollars to settle a Class Action Lawsuit by investors in the United States who bought petro bost securities between two thousand and ten and two thousand and fifteen the settlement is reportedly the fifth largest ever for a securities related lawsuit and the largest ever paid by a Foreign Corporation in the United States the payout is the latest consequence of what has been called operation carwash the scandal in which top petro boss officials conspired with outside firms to overcharge the company and then exchange kickbacks and bribes petro boss Officials Say a car wash bribes made totaled nearly three billion dollars plaintiffs lawyers argued that car wash corruption was a significant factor and petro boces loss of ninety percent of their market value between two thousand and nine and two thousand and fifteen the carwash investigation revealed a vast network of corruption implicating partners including the Massive International Construction Firm ota brecht which alleged dealings in turn spawned investigations and scandal across south america and brazil for example the car wash investigation of the resulted in more than one hundred convictions and other charges against the sitting president michel temeraire temeraire of voided prosecution but was criticized for a christmas decree just days ago on pardons that the Brazil Attorney general said could undermine the carwash case important to have strong attorney generals the head of the Supreme Court later suspended key provisions of the decree. Britain is reportedly considering joining the Pacific Trade Group after brics it this comes as the country is considering its trade future outside of the European Union but would this move be in the countrys best interest archies ashley banks joins us all borrowed according to the Financial Times of britain were to join the t. P. After brags that it could possibly help revitalize the partnership and could likely bolster exports in the United Kingdom as well the country has been and formal talks about joining of the trade group the proposal for britain was developed by liam foxs department for International Trade and if britain does move forward and join the t. P. It would become the first member of the group that doesnt share a border with either the Pacific Ocean or the South China Sea greg hans a u. K. Trade minister told the Financial Times there wasnt any geographical restriction on britain joining the t. P. Piece saying quote nothing is excluding in all of this with these kinds of plural lateral relationships there doesnt have to be any geographical restriction however many trade experts are skeptical of britain joining the t. P. P. Just last year the t p ps future appear to be in shambles when us President Donald Trump pulled out of the trade pact yet in november the remaining eleven members which includes all strauss mexico and japan they agreed to pursue a successor deal from argue the tepee would impact a blue collar drops while the u. K. Engages in trade with p. P. P. Countries that pales in comparison to its trade relationship with the e. U. Members and the us for example lets take a look at japan now according to mits observatory of economic complexity it has a largest economy and the t p p but you panic counted for just one point six per cent of the u. K. s goods exports in two thousand and sixteen and during the first half of twenty seven thousand the u. K. Exported almost one. Point seven billion euros and services to japan which equates to about a tenth of the sixteen point six billion the u. K. Services industries export it to the us now the u. K. Cabinet housing yet discuss of britain potentially joining the t. P. P. There are meant secretary michael gove a set late last Year Parliament would have an effective veto over any trade deal now the labor party criticised the british governments interest in the t p ps saying it should focus closer to home specifically on britains key future trading arrangement with the e. U. Now Barry Gardiner the shadow trade secretary said quote of course t. P. Could be helpful but it is not the main event and at the moment the government is making a hash of that and a former live demo leader tim farron said quote this smacks of desperation these people want to leave a market on our doorstep and join a different smaller one on the other side of the world its all in the sky thinking part of the time it is illegal for the u. K. To sign trade deals before it leaves the e. U. But things could change come twenty one thousand posts proxy. Our bond markets about to make moves brian gold martin proposal manager of trinity Asset Management joins us to discuss brian thanks for being with us happy new year hope youre staying warm there and in chicago one of the people works here said their fathers the temperature in their cars said it was nine below over the weekend before we get to talking about bond markets specifically youre a well known Investment Advisor give us your take on markets in general and in the u. S. And around the world please. Well i think theyre the equity markets part are Pretty Healthy right now you know it relates to the to our bond market discussion but yellen and bernanke both said during their their years that the fed that they that they needed help. In terms of fiscal policy from congress with with their Monetary Policy stimulus so they cut rates as low as they can you know obviously zero you cant go lower than that although there were lower in europe but now youve got the fiscal stimulus that two fed chairs have practically begged for four years so you know the tax the tax bill tax reform should be a big deal although it should be a should be a stimulus to both the economy and to corporate earnings s. And p. Five hundred earnings aloa it may take a while to kind. When its way through the system but i think you know i think youre the world globe the Global Markets the u. S. Market s. And p. Five hundred are very healthy valuations are reasonable and i think the one fly in the ointment you know the one thing that could cause a problem is the bond market what you did this or in arresting opinion piece brian on markets and and you i love analogies and metaphors and you likened the bond markets to an old mafioso saying about a snake and waiting and you tell us more about that because i think our viewers might enjoy it. Well you know you and i are roughly the same age part you know i graduated with a finance degree from from a small small school in ohio in one thousand nine hundred two when i was studying money in banking and economics volcker was pushing the short term rates up to twenty percent so youve got an entire generation of investors who know nothing but bullish bond markets and lower rates and you know that the whole metaphor the whole analogy about the snake lays coiled you know i think its going to come from the bond market when there is a problem and you know people when i talk to clients they just they have no conception that that rates that a ten year treasury yield could get up to five or maybe even seven percent although changes in the u. S. Economy in the in the years that you and i have been. Making a living have kind of have fostered very low inflation rates but that can always change to me that to me its about a lot a lot of investing is about expectations and a lot of it is about sentiment and i think that theres an entire generation of investors in the u. S. Market today they just dont have. Dont have a fear or worry about what higher Interest Rates could do so thats where you know thats what i worry about but youre mafia references that make it the battle between the naples mafiosos and that there is always a snake waiting in the grass and you think that the bond markets are sort of the snake net waiting in the grass but coiled up and ready to strike which i love that brian now look the differences in the yields between the longer and shorter dated bonds like the two in ten had fell in december to their lowest in the the yields are closer together between the two in the tent but what does that say about the slowing economy if anything. Well i dont i dont think its about the slowing economy of you know and we call that yield curve flattening so yeah youre youre exactly right i think the two year yield is roughly is closing in on two percent i think its one point nine percent where the ten year yield went out today about two forty four so is the is the ten year yield has come down a little bit that that two year deal this push up so yeah weve had a flattening but i dont think its about a slowing economy i think it what it is its about inflation you know. Again you know you and i are roughly the same age amazon has had it in my opinion has had a tremendous impact on the Consumer Price index in the last twenty years just look at retail bankruptcies. You know when your competitor chantal channels did a show today and said that they expect thirty three percent higher Retail Store Closings in twenty eighteen and then in twenty seventeen people just arent going to arent going shopping going out shopping like they used to and you know i think that thats the Amazon Effect thats been growing and growing for the last five five or ten years and its had its actually pulled down consumer inflation so. To your point i dont think that the flattening yield curve is about slow a slowing u. S. Economy i think its worries that inflation wont reignite and i you know and thats what i worry about thats where i think it might be wrong all right brian we want to have you back and got lots of other things to talk about preshow you coming on stay warm Brian Gilmartin per polio manager of trinity Asset Management thanks again. Thanks mark. This weeks Powerball Lottery is worth over four hundred forty Million Dollars founded in one thousand nine hundred two the twenty six year old state lottery has generated billions of dollars over the years but thats just the tip of the iceberg in twenty sixteen americans spent more than seventy three billion dollars on lottery tickets seventy two times more than the one billion dollar jackpot for that year some states have spent more than one billion dollars in lottery revenue on Public Education while pennsylvania has spent more than two hundred sixty four Million Dollars on housing rebates for older disabled citizens if youre going to play this wednesday i think its later this evening ten thirty or eleven be ready to lose the chance of winning is two hundred ninety two million to one. Thanks for watching if youre sure to catch boom bust on you tube at youtube dot com slash boom bust party catch you next time. I. Should i. Run a lot of children here study im. Pleased to not. I got some of our dos own. Applied for many clubs over the years so i know the game inside guides. Football isnt only about what happens on the pitch for the final school its about the passion from the fans its the age of the super manager killian erroneous and spending shouldnt twenty million on one player. Its an experience like nothing else on to because i want to share what i think what i know about the beautiful guy was great so one more chance with. The base this morning. Hello my names peter and ive been living in russia now for about seven years and this is a film about just some of the crazy things ive got in the time. I mean because it just. Seems wrong. To shape out just to come out ahead and in. The trailer. When so many find themselves worlds apart. Just to look for common ground. So. We applaud the tremendous courage of the reigning people washington throws its support behind the antigovernment uprising in iran threatening sanctions against tehran if it attempts of to suppress peaceful protests. After infuriating muslims across the middle east over jerusalem status the u. S. President considers cutting aid to palestinians and accuses them of not wanting to talk peace. And pressing each others of buttons donald trump and of the north korean leaders trade barbs over the size and power of their nuclear arsenal. And are broadcasting live direct from our studios in moscow this is r. T. International im sean thomas and were glad to have you with us. Well right now seven days of unrest in iran have now been brought to an end that is according to the chief of irans elite military force the revolutionary guard but it has come at a high cost as at least twenty one people have died there in clashes over the past week and the demonstrations are thought to have been triggered by widespread Economic Hardship and the prospect of a fuel price hike it quickly became political in nature with protesters calling for the deaths of the countrys by less than erupted and several towns with police posts attacked in the past several days there have been four hundred fifty arrests in tehran alone prompted ministration meanwhile has threatened to impose sanctions if iran fails to respond the unrest in a way washington deems appropriate dont get ahead of sanctions but that is one tool kit we are watching reports very carefully of any potential human rights abuses of these protesters who are protesting peacefully we are now seeing an organic Popular Uprising organized organized by brave iranian citizens on the Largest Scale since two thousand and nine the United States supports the iranian people and we call on the regime to respect its citizens basic right to peacefully express their desire for change we asked people in tehran for their thoughts on the protests and the encouragement coming from abroad. Given that i feel that if peoples economic problems were addressed these actions would never happen if someone from the government came and spoke to them these incidents would not escalate. The cost of living unemployment and lack of attention to people Authorities Say that this problem started with the surge in the prices of basic food supply. You need to. Assess time for change she has seen pride and be worried about their own country and the ring and should think about their country everybody should start by trying to make progress. I dont think trump should interfere in our countrys issues and i dont think our issues are any of his business. The u. S. Is also calling for an International Response or to the unrest in the country washingtons ambassador to the Un Nikki Haley has even called for an Emergency Security Council Meeting to discuss the situation in iran. It takes great bravery for the iranian people to use the power of their voice against their government if iranian dictatorships history is any guide and we can expect more outrageous abuses in the days to come the un must speak out during the same News Conference to get we also face questions over the United States attitude towards the Palestinian People now use so strong when it comes to the freedom and dignity to a very union people who have but you have a different meaning of freedom and dignity when it comes to the Palestinian People will be they will be in brutalized for over fifty years of occupation the palestinians now have to show their world they want to come to the table as of now theyre not coming to the table but they ask for aid were not giving aid were going to make sure that they come to the table and we want to move forward with the Peace Process well shortly after that the u. S. Leader himself suggested getting donations to the Palestinian Administration lets take a look in a tweet he claims that despite giving them hundreds of millions of dollars a year they show no appreciation or respect to the United States troubles as suggested cutting aid because according to him the palestinians are not willing to talk peace with israel however that is something that the Palestinian Administration does not agree with not at all think about the president s office says that jerusalem is not for sale and that they are not backing away from negotiations but stressed to they should be based on International Law last year the Palestinian Authority received around three hundred Million Dollars in aid from the u. S. But that is quite a sum but it pales in comparison to the three billion dollars that israel received from washington in any case though Mostafa Barghouti from the Palestinian National Initiative Says palestine does not need foreign aid to sustain itself. What think in his statement and his twitter was his declaration that hes taking off. From the field of negotiation hes deciding unilaterally what is the one and he still wants us to come to the table which is simple demand been officially from the money that is coming to Palestinian Authority is israel you might be surprised about that but most of that money goes to funding Security Cooperation with israel and israel is in need for that Security Cooperation not palestinians we are not dependent on foreign is as a matter of fact the total amount of money that is coming from europe from the state and from arab countries is no more than sixteen percent of the budget of the Palestinian Authority while the public palestinians are paying with their taxes eighty four percent of the cost of the Palestinian Authority in my opinion they can go where that money is not is not going to affect us seriously so he can take it away. Iran palestine and north korea all have been on the sharp end of Donald Trumps twitter outbursts of late as the us president continues it to pioneer his own unique brand of social media diplomacy as he got his down off explains concern is growing very his online invective could have serious real world consequences christmas the new year even the seasonal holidays havent put the brakes on trumps twitter train in twenty eighteen pakistan got it first. The United States has foolishly given pakistan moving thirty three billion dollars in aid over the last fifteen years and they have given is nothing but lies and deceit thinking of our leaders as food they give safe haven to the terrorists we hunt in afghanistan with little help no more no love lost their Trumps Administration has been walloping pakistan for months but its not like anything in particular happened on monday to trigger the backlash but to say this tweet got islamabad and age would be an understatement three ministers including the Prime Minister the army the navy and air force chiefs all converged for an Emergency Security meeting following trumps post the Us Ambassador was summoned for an explanation as protesters burned american flags in the streets then it was the turn of iran one of the biggest storms in Donald Trumps side. Iran is failing at every level despite the terrible deal made with them by the bammer ministration the great iranian people have been repressed for many years they are hungry for food and for freedom along with human rights the wealth of iran is being looted time for change the Islamic Republic has been erupting in rallies and briards as people have been swarming the streets both against and in support of the Government People died the tweet hasnt gone unnoticed in iran urging against the violence president rouhani denied to trump the right to sympathize with the. Nation well when done with the middle east trump couldnt help but pay the classic twitter tribute to his one and only rocket man. Sanctions and other pressures are beginning to have an impact on north korea soldiers are dangerously fleeing to south korea rocket man now wants to talk to south korea for the first time perhaps thats good news perhaps not we will see well apparently this was Donald Trumps knee jerk reaction to south korea offering to hold high level talks with the north after pyongyang suggested the countries should meet to discuss the next olympics its not government policy its the. Ravings of a person who speaks before thinking tweets before thinking you know one would hope that the people on the receiving end of these things would take them with a grain of salt because. You know trump may say those things but he cant act on them because hes got a whole bureaucracy behind him
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