A full 2 percent or we see the country by country projections also fell in line with the trends the Organization Also normally warned about the increasing risks of leverage corporate debt. And Major Players in finance are calling on the u. S. Federal reserve to create a standing means for intervening in money markets to the fed intervene for a 3rd straight day to inject 75000000000. 00 of liquidity in the early hours of thursday the fed again had to act to ease tightening and then over subscribed overnight option the market for repurchase agreements or the repo market is a core correcting mechanism of the modern Banking System in which banks finance their overnight credit needs on a daily basis the fed was forced to take action of the type not seen since the aftermath of the 2000 a Global Financial crisis or watch the federal funds rate which the fed is supposed to manage rise out of the feds target range and fundamentally undermine confidence in the feds ability to perform its primary function the fed announced. The thursday action on wednesday afternoon but many players were still unsettled by the recurring anomaly in money markets. And joining us now to clarify and resolve all apparent economic anomalies and irregularities is Jeffrey Tucker of the American Institute for Economic Research jeffrey very interesting time to talk to you but lets start with this irregularity in money markets and this recurrent bottleneck around purchase agreements is feels like a very important story and one that takes some perspective understands weve been getting takes on this from guess almost every day with this week we heard from peter schiff and Richard Wolfe on this whats your diagnosis prognosis and prescription on this recurring issue in the money markets. Thank you for ask me the question i tend to think that everythings the that the worry is a little bit overwrought on this on this repo issue there are other reasons that are going on besides besides liquidity issues theres certain quit such as that are happening that are causing these kinds of interventions and i dont necessarily think were talking about q. E. 4 here and thats ok but what it does indicate theres no question the markets are worried about a bit heres the problem everybody is getting extremely jumpy right now so the slightest little disruption or anything that happens out of the ordinary everybody started screaming oh my god oh my god you know the worlds the worlds falling apart i think the reason for that is the global slowdown in growth caused by very clearly the trade situation so its made everybody extremely jumpy the downgrade the of growth has created a sort of sort of paranoia thats on the markets today thats thats why this is in the news thats why wall street cant stop talking about it and then any other normal time this would just be just another day theres an additional problem that everyone knows that the fed is under pressure right now to bail out the United States economy and even the Global Economy from the consequences of this trade war and its a very interesting question. Because nobody really knows what the fed is going to do i mean this lets be clear it is not in the policy mandate of the fed to fix the problems created by by politicians and their their net economic policies for example these tariffs are right its not its not anywhere in the feds playbook that its supposed to repair the damage caused by the trumpet ministration but 3 theres a real question because its very obvious to that the fed does have a mandate to lean against these cyclical patterns in the economy and thats understandable but whats critical here is that what were seeing is not so much and normal boom bust situation the normal cyclical behavior of markets that are going from 10 years of growth to sudden recessionary pressure this is this is definitely an example of you know an exogamous imposition of a very violent day of russian and global trade flows thats thats disrupted Capital Markets all over the world and really reconfiguring the way everybodys doing business i mean the Trump Administration is literally talking about decoupling you know this is this is a huge and dramatic change for the markets are worried and probably the fed you know is looking at itself going and weve got a job to do probably we have to intervene here and on our lead story the o. E. C. D. Global growth forecast citing as you did the u. S. China trade fight as a current dragon and no deal breaks it is another serious potential risk to growth is that o. E. C. D. Assessment too optimistic too panicked or just about right well i dont know its probably probably just about right the o. E. C. D. Is usually very very cautious and prudent but youve got to keep in mind that its not just as though you see the o. E. C. D. Study its also studies from the fed there was one that came out last week that very clearly impaired suggested. A direct seeming cause and effect relationship between this trade war and the downgrading of Growth Prospects and its not just the fed its actually economists all over the world of talking about this i mean the american answer for Economic Research has a had its own study out earlier the sheriff in think its after one year and saying clearly the data indicate that there is a relationship between diminished prospects for growth and this imposition of tariffs on these endless fights in the arbitrary uncertainties thats been imposed by the basically by the trumpet ministration to say so its not just the o. E. C. D. Its basically everybody its become blindingly obvious that there is a relationship between the return of the trade war and what it was stacking up to be a very serious prospects for. Lower growth forecasts but maybe even a recessionary environment then it gets scary because nobody knows when its one of ems thats one of the things about about protectionism it introduces these weird uncertainties that nobody can really control its like a ghastly can your home you know its ok its ok its ok and then its not ok. Joe the explosion everythings fine and all of us trade by which i mean finally its not clear what. President own to go to go sheesh an objective here but hes talked about bringing back u. S. Steel because it sounds like a tough guy business man kind of stuff to talk about but u. S. Steel the company is their stock fell as much as 15 percent today after the corp warned in advance of 3rd quarter losses on the scale of 0. 35 per share is us quickly is us still part of the fake news problem or is despite to make it make America Great again less than effective or perhaps even counterproductive. Thank you for using the word counterproductive because thats actually the best term to describe it i mean the whole idea was to bring back American Manufacturing where were seeing is the opposite of facts and thats not just steel but its cars that weve got to. General motors strike having those weird things happen in all throughout the markets that i think are all linked to this trade policy i mean i would even go so far as to say that the messy i. P. O. s that weve seen recently with where we work and nuber and so on Everything Everything is connected in a Global Economy everything is connected to the Global Economy so nothing could happen somewhere without it affecting something somewhere else and we cant i was into space what this is going to look like right increase on a productive is the right word yeah increasing a regularity across the board Jeffrey Tucker of the American Institute for Economic Research thanks so much for your insight. Destroyed General Motors by workers represented by the United Auto Workers union entered sports day on thursday joining us now with the latest is our correspondent now fair in the 50000 striking workers and their union point to the sacrifices they made when the company was on a Central Avenue actual death bed to help them survive and say you know now was the time for the company to give back after 27000000000. 00 in profits under the last 4 years under the expired contract what is the current distribution of pain right now between the company and the and the workers well as far as just on the g. M. Side were talking about a loss in the billions of dollars of potential loss and billions of dollars now as far as production at the close of yesterday there was about 29000. 00 vehicles that were not made by the end of tomorrow theyre talking about a loss and 43000. 00 vehicles now yesterday g. M. Announced temporary layoffs 1200. 00 workers temporarily again at the ocean isle plant in Ontario Canada and workers there are not part of the u. A. W. Union theyre going to be ok but again theyre temporarily laid off now business is an Economic Experts have crunched the numbers on this and they estimate that g. M. Is going to be losing between 50. 00 to 100000000. 00 per day now take a look at this chart here so the last time that g. M. Went on strike the workers there it was in 2007 and the it was for 2 days and g. M. Lost 23000000 now conservatively conservatively if you want to say that g. M. Is losing 50 mil a day by the end of day tomorrow theyre going to lose 250000000 in a week which is monday 350 in 2 weeks 700000001 of the longest strikes ever was back in 19081000 workers 54 days g. M. Lost 2000000000 now today if this were to go on for 54 days they g. M. Could potentially lose 2. 7 or up to 3. 3000000000. 00 so again its one of these things that theyre going to be losing a lot of money the longer this goes on. And on the 2nd day of the strike the g. M. Bosses decide to step on some throats and cut off Health Insurance benefits to striking workers and short the cost of the u. A. W. Which will now have to try to pay strike wages and Health Insurance benefits out of the strike fund a Labor Relations expert a cornell told usa today regarding the cut off that he said theyre pouring gasoline on the fire she thinks this will scare the workers or get them to rethink the cost of their benefits i think its going to backfire its quick ration insensitive where the 2 sides right now on this divisive issue well after the end of day yesterday with negotiations they said that they only greed on about 2 percent so we still got another 98 percent of it to go if were keeping with the theme of math here but you know what the problem is is that the u. A. W. Right now they have 4 percent of their health care covered and g. M. Wants to raise that to 15 the National Average is 29 percent so they would still be getting a great deal but you know g. M. Only made 35000000000 in the last 3 years and theyre seeing a downturn and they expect this downturn to go into 2020 so theyre trying to kind of cut costs but at what cost will it be and the long run so well see how it was still well in the middle of this r. C. Correspondent thanks for joining us thanks daniel. Time now for a quick break but stay tuned because when we return. Continues to. Continues to rise what role will it play for business going forward. To get his take on the. Workplace. Just enough blood to syrian conflict mediation never has spoken with one voice but recently disagreements between russia and iran has become so still not even the leaders try to hide it as the program run its course or is the friction really a sign that its working. Hes. Going to visit the falls so. You can sleep. With them. Enough to know something. So saddams he saw that on a soft spot the mouthpiece down this time i dont. Need to promote. Only wonderful if you see the truth in the police if you used the Police Reports for the way. For. Politicians to. Put themselves on the line to get accepted or rejected. So when you want to be president. Some want. To go right to the press the slightly before 3 in the morning cant be good. Im interested always in the water how. Should. The process put them. This was. A body did write of. Course. This is. Beneath the skin when the skin the suction over the scaffold over a period of about 6 months you have to shoot growth and vascularized ice and it could bring in other woods the cells the mule in your body grow into the scaffold it grows its blood supply to now this is fully integrated as part of. The. Welcome back austrian legislators have become the latest european policymakers to push for a veto of the draft trade deal between the European Union and medical sewer the 4th 4 nation south American Trading bloc members of parliament from a broad range of austrian Political Parties voted in the subcommittee on the e. U. Issues to reject the agreement among many issues and problems cited in the debate as reasons for rejection where that brazilian government was the brazilian governments declared policy of encouraging destruction of the amazon rain forest argentina brazil part of why on earth why currently comprised or sewer the Austrian Committee vote seems to be the most serious threat yet to the proposed agreement after french and irish policymakers also threaten to veto the agreement unless brazil takes action to stop destruction of the amazon by laying clearing fires meant to wake make way for cattle ranching south american beef exporters are eager to increase their access to europe under their proposed agreement. And china is planning to auction 2010000 tonnes of frozen pork from its official state reserves thursday and thursday ahead of the weeklong celebrate. Of the 7th anniversary of the founding of the peoples republic on the 1st of october chinas pork supply has been marred by the ongoing african swine fever epidemic that has caused millions of hogs to be cold in the country since january. Right started. This on the african swine fever was severely leading to the rapid increase of. Reason to sit there and lets take the market now less big the higher price increase at least 40 percent. According to a chinese industry tracking site hog prices in china have risen by 130 percent during thursdays sale of purchasers will be purchases will be kept to 300. 00 tons per buyer pork accounts for more than 60 percent of the countrys Meat Consumption and is often seen as a measure of Financial Stability and a benchmark for other food products. And google has completed what is seen as a controversial takeover of the Health Division of london ai firm mind the move announced november had previously been delayed over concerns by the u. K. S National Health Service over releasing sensitive patient data to the internet giant at the center of the controversy is deep mines streams app which allows Health Care Professionals to monitor patients with a severe Kidney Disease the streams out made headlines when it was when it was found to be using data from more than a 1000000 patients without asking permission at the time the hospital doing the research the Royal Free London hospital had not taken the proper steps to protect the privacy of privacy of patients alfabet googles Parent Company saw their stock jump on thursday morning on the news google said of the situation the acquisition of the streams app will allow them to allocate the resources needed to expand research internationally. And boom bust zone kristie i may still be on assignment but weve got plenty of content in the can from our coverage in singapore during the ai summit in singapore kristie was able to catch up with a single that she. Strategy officer for Thiessen Asia Pacific to discuss how the german multinational manufacturer is looking to implement Artificial Intelligence and automation into their business as well as the future of the emerging technology as a whole. Right now i know that i think of as just a heavy Manufacturing Industry company what are you guys doing with a i. O. I. Mission. So just to give you a direction on ties and. Product segments we got into manufacturing of steel which is commonly known in europe and were doing much trading we do automotive company. Does an escalator does which is the most common part of do what you can see around them and then we do. Mining cement chemical machines. The question of where do we see it. I think with the advent of technology the lies there if you ignore changing the way we are designing this machines and equipments reading that we are getting out of this machines then we are someone competent in the market so the way we think about technology is what is the Current Business problem we have for example can i predict in advance when my machine is going to feel and i can save billions of dollars of the operation because i can not predict when is the next and leverage going to feel and i can do that on the down time so these are the business problems youre running off to and using it. To improve. And operating for our customers so we think we are in this trend now because we 1st had the 1st wave which was just big data and analysis of big data and then we had the advent of like Machine Learning and neural nets and Everything Else and the 3rd main phase of ai ai which were kind of starting to get into is more so predictive just alluded to predictive analysis and inference so do you see that were getting into that now and how does connectivity and play into much as much as i would like to conclude the high and continuing lets say. Says. I think in companies that plans insights on this case speaking were still quite early. Because before you get predictive you need out on 50000. 00 plus datasets to put on the unguarded term and start getting some meaningful insights so i would say i dont say when do you to use cases were playing with the potential list of 5 or 10 percent of what we could actually do in the end so were still in the early stage and we are on the transition of being reactive to predictive. So early on we are just talking mention that singapore is one of the most innovative countries and thats kind of why you guys are here where do you see singapore going and whom which country do you see spearheading this entire shift id say so i offered all this to my colleagues when you look at the World Innovation rankings you realize a single poor japan in korea as part of the top 10 most innovative countries in the world and coming from a utopian company we are no mind that so what is unique about singapore is that it is a very advanced adoption by the comment the words new technologies so they are the 1st aspect of new Technology One example is Autonomous Vehicles for example 2nd is the very mature funding mechanism an Industry Institute partnership meconis of which means as a company if i want to invest in the 3 d. Printing lets say for that example i get some support and funding and incentives from the government which is which is the catalyst i need as a company to make my Business Case positive and then we have a healthy ecosystem of start ups region headquarters of big Major Companies so i would say a single board has a very unique mix of. Talent companies and the whole ecosystem coming together making it a very you know word of environment and i think talent is going to be one of the big barriers and big hurdles in the future because while you have a lot of people worried about there being out of a job you are also missing this emerging crop of highly talented individuals so do you see that being the. Huge barrier in the future i couldnt agree more with that i think talent is a big. Topic do it on an exit q digitalisation initiatives and efforts and what you realize is that it is not about job losses was his job because the numbers could be 203040 percent depending on which Country Market youre talking about ultimately more than 80 percent almost 100 percent of jobs will transition or will get changed because there are some palace which you and me do in our daily lives which makes sense to be done by a machine because they are structured. Automotive and they are the best on earth and theres some empathy Creative Intelligence complex unstructured thinking which are better suited for human beings so the way were trying to address the talent challenge is thinking about recycling and retraining our vocalist to make them ready for new technologies because if the model i fight with google for data scientists i didnt place bets on it i would always loose we would never be attractive enough as an Industrial Company with software on our data centers so how do i do school my people that is the only way out yeah exactly so i think it comes to a big argument i think that there are more jobs and more salary game that is supposed to job losses which a lot of people are complaining thats a meaningless debate it is because you have been scratching the surface 2030 percent job loss job game its not about the numbers its about each and everyone including you and me thinking about what skills do i need to remain relevant in society in the future and how can i get rid of the past which are not really meaningful and focus more on which im good as a human being exactly and then by the productivity just accelerates. And if you think about the world is proficient of the world right so if you go 10020000 years back you would still have artists who would still have paint is musicians all the creative streets art professions have survived all the stages of Industrial Revolution so i think if we continue focusing on stuff that should win because our border. In our creativity we would always remain relevant today even more Meaningful Society for future i guess now the question is what is the big bottleneck of the industry right now because were here talking about emerging tech were talking about ai automation cryptocurrency block chain and as well as 5 g. Networks and right now we are at the very forefront because every single one of these industries that just mentioned were like at one percent penetration our of what it could possibly be in the future so for you what do you see as the big bottleneck of the industry i think. Possibly the single biggest market is the friction between the technologist and the p. L. O. And ok i see myself sitting in between the 2 so we have a piano loader a Business Owner a c. E. O. Who has to focus on Quarterly Results and wants to focus on a margin that when you told your neighbor technology this was developing the Gold Standard technology and talking about science and we have to find that in defense we could live in business use cases where there is a problem for the customer which we can solve on the operations cost which we can produce and then i think that i technology to which i think this interface is the. Option of people who are excited but there are 20000 feet and they have financial targets a lot of people who are creating very cool products but has no market for it if you can mash these 2 together case by case industry by industry i think then it can really accelerate that option and to do this you also need incentives you need talent and all of the standard challenges which come with yeah so yeah thats absolutely correct are transforming an entire industry and doesnt happen overnight you have enough thank you so much for bringing this to us thank you. And thats it for this time you can catch boom bust on directv channel 321 dish Network Channel 280 or streaming 247 and 0 t. V. The free t. V. Channel 279 or as always you can hit us up a huge about. Archie see you next. Yeah b. O. C. Exit from its happening. Big countries accumulate big positions and go thats an exit for all. Because we know that over the past 300 years no fia body has survived. They all see themselves as dying swans in their dreams. But only one in the cells will ever make it to the till. Theyre ready to give their lives for the chance to die on stage if only once. Not even broken wings could deter them. For generations with them a. Belly sweat and tears. Thousands of american men and women choose to serve in the countrys military and the decision lotos shattered lives every song came to a complete. The day i was raped to be instructed you know told to shut up what theyd kill me and i see how it destroyed my life any screamed at me and he made me come in and he gram my arm and he raped me with his birthing curia if you take into account that women dont report because of the extreme retaliation and its probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military is a very very traumatizing tapping but ive never seen trauma like ive seen from women who are veterans who suffered military sexual trauma reporting rape is. More likely to get the victim punished dont be offended and almost 10 year career which shows very invested in and i gave her a sex offender who has not even wanted justice or put on the registry this is simply an issue in violent male sexual predators for the large part of target whoever is there to prey upon whether thats man or woman. Israels parliamentary elections to begin ended in deadlock feel after it is divided divided on the political right sitting Prime MinisterBenjamin Netanyahu says its either my right wing blogs or a dangerous backed government how does this kind of rhetoric bode for the palestinians and middle east ability. To. U. S. Security chiefs discuss potential action against a wrong to saudi arabia claims terror on was behind the recent bombing of the oil refineries. The Global Security body into paul says at least a dozen suspected terrorists have entered your bike crossing the mediterranean. Wells power has failed to agree on a cease fire at the syrias province as russia and the u. S. Concert at the u. N. Over how to deal with terrorists in the area. And Human Rights Watch reveals thousands of children in nigeria have been detained in accounts of terrorist crackdown. Describes to nearly over profits when