Grandbaby all of the cyber truck just rather than really. For. Now i think go through. Yeah if it didnt work the 1st time do it again r. D. Course one is there a month is the ok and lauren fix the car coach both take us through the latest musk stuff and how those cracks cause teslas stock to shatter you see it there were going to have so much to get through today lets dive right in. And we begin with well we told you so European Central Bank President Christine Lagarde is making headlines friday as she calls for a new policy mix in europe just like we told you that she would as we reported the guard who has just taken over the top job at the e. C. B. Has indicated that she would actually use the central bank though to push political policy in her 1st policy speech since taking over live guard says that the eurozone needs to create. More of its Economic Growth at home as if it is to withstand the weakness abroad she says and become more balanced internally and thats what youd likely expect her to say right but were things become much more political is when the guard also said that european governments should boost Public Investment there are some concerns that the guard will actually use her position to push for political positions that she once taken by european governments in her speech the girl went on to say quote we have a unique possibility to respond to a changing and challenging world by investing in our future strengthening our common institutions and empowering the worlds 2nd largest economy. China revised its nominal 2800 g. D. P. Up by 2 point one percent putting it on track to achieve its goal of doubling the size of the economy by 2020 from 2010 however as the economy is currently growing at its weakest pace in 3 decades analysts suspect that these figures have been massaged in order to achieve growth targets the new revisions included richer data points that showed more business entities and a bigger total asset phase in 2018 than assumed earlier so while some analysts remain skeptical the head of asia economics at oxford defended that an upward revision is neither surprising nor unreasonable as newly included sectors in statistical coverages tend to grow quickly and outside of china revisions of the size of economies are almost always upwards from the revised all right so lets talk about these stories that we do each day because it seems like crystal is this china issue the numbers are being adjusted simply to make the case that the economy actually doubled right so how important is it to china to hit that marker enough that they would go back and try to revise forecasts and is that in order to you know bestow confidence in the market whats the point a big portion of it is going to be confidence because right now in the midst of all this trade war the leet the last thing china wants is to look like a trade war has affected its economy has derailed its growth plans for 2020 and has derailed its 5 year plan so china actually sets out these 5 year benchmark plans every single 5 years. And so the last one in 2016 is this 13th 5 year iteration of this plan and so this benchmark is probably the cornerstone of the entire thing so in that respect its fundamentally important that china meet those demands as said. Going back to your 1st story augustines the guard appointment how much of an impact will politics now play in her a well i think is going to play a big role in it and theres a lot of concern about this right because obviously shes taking pretty strong stands on issues like Climate Change investment in the infrastructure and into education within these countries the problem is that the e. C. B. Obviously is a is a Banking Institution it is not a policy setting institution for sovereign nations and yet shes acting as if it is and maybe to some extent if you hold the checkbook and you have that kind of power youre able to institute some of what you believe is right now that theres a lot of people watching who would say it would be a good thing for the e. C. B. To push for Climate Change in some of these issues to be dealt with by sovereign countries whether you believe that or not the bottom line is it doesnt change the fact that youre a bank and a bank shouldnt necessarily be having it absolutely and so if do you think that its a dangerous pattern now because this is not the 1st one because janet yellen is the last economist because now with the appointment jetting around power hes also a politician right so when you put politicians in those positions they love power you give them power and they believe that power gives them the authority and the right to reach out and kind of take control of issues and direct countries and thats not what theyre there for so the entire world is becoming more politicized. Bridgwater the Worlds Largest head fund is making a big bet that the Global Equity markets will fall during the next 3 months Fund Purchase 1500000000. 00 worth of options which will pay off either the s. And p. Or the euro stocks 50 or both decline this comes at a time when all 3 u. S. Equity indices reached new all time highs boosted artificially by the continuous money injections of the fed and unfounded optimism over trade. The options have the notional value of 100000000000. 00 and chatter on the street is wondering if this is the directional bit or simply projection against his long acquittals portfolio other titans of wall street are also bracing their portfolios citing global slowdowns and the potential fallout in the event of an Elizabeth Warren presidency hes Square Capital management founded by the former c. E. O. Of soros also has massive bets out against the u. S. Dollar in a variety of currencies. Futures were lifted around the world friday as china renewed efforts to work out a phase one deal with washington however games were limited as all of rant was not reciprocated by the u. S. Prompting the market to position cautiously in case as another break down the molex get out again as russias Economic Growth reached 2. 2 percent in october supported by 13 National Projects covering everything from health care to education to infrastructure now these projects i meant to boost Economic Growth to try to get above the world average by 2025 over in shanghai the composite is down 22 percent as mixed messages from beijing and washington contained to swing sentiment from one extreme to the other this seems to be the new norm as traders have grown accustomed to the lack of clarity counting down to december tariff deadlines so the market losses actually have been quite muted and since the us is giving china so much trouble over by dance acquisition of us social media app musically china is now returning the favor monitor a u. S. Based chip maker in its attempts to acquire Chinese Company light on semiconductor also citing National Security concerns over in japan the nikkei was down point 8 percent as there is no significant data released this week the region is now entirely focused on trade concerns and hong kong neither of which are inspiring confidence in the Market Participants chinese v. P. The deal has invited the u. S. To beijing. Another round of negotiations but its not entirely clear whether or not the invitation has been accepted the markets are now they held hostage by trade and even if phase one gets done the same story will continue just move on to german cars or japanese exports hong kong surprisingly ended the week up in the green as the markets still prove to be resilient in the face of all the shorts year to date its just up 2. 4 percent down from 70 percent at its april highs however there is still more Downside Risk from here with the threat of us signing a bill into law and if that happens investors will be hesitant to take on risk a weakened r. And b. Also makes it more challenging as the Composites Companies gets about 64 percent of its revenue from Mainland China india the sensex in india search an all time high wednesday led by gains in Reliance Industry indias most valuable company telecoms also got a boost as it announced plans of raising calling and data tariffs in december. Down australia the assets was down 1. 2 percent as a trade war has no end in sight export oriented names led to kind with tech mining and Health Care Getting pummeled and finally the shares and south africa was up marginally as the ex was still being held down by global had winds and weakness and the rand but locally resources left of the index back up ending the week pot relatively unchanged now over to band with the rest of america and europe all right christine thanks for that well lets start over in europe where both the cac and the dax were down this week let me just give you a spoiler alert alert here everybody was down this week and most of thats over the u. S. China trade deal and this news that came out this week that phase 1 may not be reached this year most week were down we get up on friday ill tell you about that in the 2nd over in the u. K. The footsie finishes the week nearly even and that was things to a big rally on friday where londons Main Stock Exchange actually had its best one day gain since july the footsie just 1. 4 percent the index is headed for a weekly gain of 0. 5 percent all right lets jump down to brazil right now were over at the vest they are up for the week friday was a good day for the market thanks again to comments by President Trump on friday that the trade deal with china is close but the overall gains this week were really pushed by petro brass the countrys state owned oil Company State owned shares forward nearly 4 percent thanks to Higher Oil Prices abroad as we go to the americas over in mexico the b. M. V. Was actually down this week and really no big surprise here everybody is down across the americas and again it has to do with that phase one of the u. S. China trade deal maybe not getting done this year it actually kept the new york Stock Exchange and the s. And p. Down but the s. And p. Actually nearly evened out because on friday on fox and friends the president made an appearance and actually said that he. Potentially thats the word to use potentially very close to a trade deal so on friday everybody comes back up as for the nasdaq it actually finished for the week down it was dragged primarily by a 7 percent slump in shares of tesla as its. Electric pickup truck design received an underwhelming response and thats a whole other story in and up itself in fact were going to show you exactly what happened coming up in a few minutes he doesnt want to see it and finally as we go north to canada the sex was actually down this week Canadian Retail sales they were down 0 point one percent in september from august matching estimates data from Statistics Canada showing that they excluded Motor Vehicle and parts dealers and gasoline stations but sales actually rose 0. 7 percent oil prices they were boosted by expectations that major producers would extend production cuts for u. S. Crude oil futures and that wraps up this weeks market walk. Time now for a quick break but hang here because when we return has those back in the limelight that maybe not only that they helped far beyond that time and has failed and lauren fix the car but take us through it you know on my latest media bus how the Company Stock is going. To get a break here the numbers at the. End and you know the guys in my town dont. Have any kids will go to see it i. Was in this way got to. Be in the distance and i did the work. And its all right and it. Is the only thing that we do is music because everybody wants a. Way. The floor you can call the 50 pound is more persuaded on her running on the level of oxycodone a q what i think is this is the found that there is a constant thank you. Join me every thursday on the alec simon show and ill be speaking to guests of the world of politics or business im showbusiness ill see if. This is a story about what happens auster a stray bullet kills a young girl in the street. What happens to her family and daughters in florida the mother daughter is buried in a cemetery. With your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court. Shocked shocked as far as society. We dont know. Any of this fortunately you. Will still not know. And welcome back australias 2nd largest bank is saying sorry about the Money Laundering seriously the board of west bank is apologize for 23000000 breaches of Money Laundering laws but continue to stand by management the board met to discuss allegations by all strata that the bank ignored red flags for years including payments between known child exploiters the banks chairman lindsay maxton said that the bank will hire independent experts to overhaul its anti Money Laundering systems might be a good idea the bank has also started with discussions with Community Groups they say about how to fight Child Exploitation the scandal triggered calls for resignation. Top executives including the bank c. E. O. But so far no one has actually been forced out. When youre so high up and get knocked down its a long way to fall and thats whats happening over we were where every single day theres another crisis we work is now laying off 2400. 00 employees representing 19 percent of the total workforce the company has continued to reporting over 1250000000. 00 in losses for the 3rd quarter thats 3rd quarter 3 months now adam newman is 1700000000. 00 golden parachute for stepping down from c. E. O. Of the company could be slashed as soft bank is looking to downsize the 9500000000. 00 rescue deal bad optics for the x. C. E. O. To be so rewarded at a time when theyre downsizing a former we Work Employee is also suing over newmans parachute arguing that the consultancy payments are beyond comprehension given that the companys i. P. O. Collapsed and the valuation plunged on his watch. Tesla days reveal is under the microscope as there was a bit of a hiccup during its reveal for the much hyped cyber truck design this week here to help us break it all down and what it means for the company we welcome our t. Correspondent. Tesla c. E. O. Ilan musk said he wanted to try Something Different and thats exactly what he did so if you ever pictured a pickup truck this probably isnt what you expected now the design looks like it comes out of the movie back to the future and they even design an a. T. V. To go along with it the exterior skin is very strong and bulletproof and wont scratch but the breakable metal glass windows will they dont quite perform as well during the demonstration. From you try to break this glass please. Sure yeah. Well. Maybe i was a little too hard. Well that actually didnt happen just once it happened twice when front to the back window must chuckled and said theres always room for improvement so its safe to say musk was a little embarrassed and shortly after life stream ended Teslas Youtube channel changed its privacy settings tesla is offering 3 versions of the cyber truck ranging from 250 miles fully charged while the more expensive version ranges from 500 miles fully charged but heres another surprise the base version starting at just under 40000. 00 now the exterior is made from a newly developed stainless steel a lawyer its the same metal thats used for space x. Rockets much like the one you see here now the cyber truck could also benefit space x. His work on took to twitter said the pressurized edition will be the official truck of mars this could make both tesla and space x. Efficient for cross production and of course engineering but the unveiling took twitter by storm as the cyber truck was mocked and compared to all sorts of wacky automobiles and even toys the cyber truck is expected to go into production in late 2021 reporting from boom bust ceremony. So much to say about this but joining us now to talk more about the tesla cyber truck and other auto stories is the car coach lauren fix lauren glad that youre here ok can we just start with this nonsense so so 1st of all im from texas that originally its not a truck so we shouldnt call it that but looks like i agree a moon rover right thats essentially what he made but lets just be glad they didnt decide to test the bulletproof part of it during this because my gosh i mean how do you set this thing up and have it fail and fall on its face so badly. Well 1st i considered a cross between a pontiac aztek a chevy camaro. And all 3 together its a failure i mean people in the Auto Industry were actually laughing at it and were not trying with a bullet through side of it 1st off if youre driving in neighborhoods or youre going to get shot at dont go there that is not your neighbor and call the police you should never be in a situation we need to own a vehicle is bulletproof now if youre using it for military spec or you know yours some reason someone shooting at you thats a whole nother animal but i cant believe the take rate and that is very much and you know those followers truck youre right i own a one ton truck we use it for what trucks are meant to be used for working and that is not a working truck its more of oily and there is a lot of jokes about it on the internet as far as trucks are concerned what are you looking for you know this towing capacity Payload Capacity what i can haul how to tie it down and offer a capability the less youre thinking about is 0 to 60. 00 times and when hes talking about how he compared it to ford products throughout the presentation you can see that the leader is Ford Motor Company the f. Series truck has been the number one selling vehicle for over 40 years behind that is ram truck and the Chevy Silverado and then coming out of market in full lectors youve got ballinger whos making product in detroit and that is funded by a self funded no government money and then riviera which is funded partly by ford and a couple other companies that have funded it so theres no government funding going on ravines are one type of action reviewed pretty impressive vehicle and hes coming on the market with some it looks like that its going to be really difficult to compete because consumers like cars of luxuries and that cars all but minimalistic and what they showed you is no side mirrors no divide downs its missing a lot of things that people need in a truck thats absolutely true just real quick if i can also say and you mention the bullet proof they might actually been in places where people didnt need bulletproof cars and you dont get one for 40000. 00 if you need one and we have you know that you know theres a millionaire. The idea that it is a price efficient bulletproof car is nonsense were going price or pickup truck. All right well also know that the reason of the glass your time with the glass not holding up when youre talking about that the reason that you saw you safety glass on a windshield you safety glass of your were going to accident the windshield cracks but a holds its shape thats right on the side window you had a car broken into or you know someone that has its tempered glass and little pieces of glasgow everywhere and thats actually good because you need to get out of the vehicle if youre flooded some emergency the cars got a problem you can get out you cant get out of a vehicle that is safety glass because even though youve cracked it like you saw kicking it out is not so easy now if its bulletproof and god forbid youre in a situation where theres electricity involved or water or both and you need to get out of that vehicle youre not going to be able to get out of the vehicle because its not even during handles and this is a real concern with 1st responders policemen and firemen as well they dont like things that are too convoluted like that because theyre looking to save you and if theyre afraid to get to the vehicle and hurt themselves along the way it could be a bad situation everyone was a worse friends only friends can give us a definition going right exactly so now lets go lets move on theres a lot to talk about says about lets move on to chrysler they brushed off a lawsuit from General Motors saying that its confident of reaching a binding merger deal with. P. S. A. Group but they by the end of the year so do you believe that this deal will be reached and how significant would it be. I think this is a huge deal that p. S. A. Would just to show its also opal which used to be owned by General Motors which is why you see General Motors attacking the situation theres also some other brands under that and then of course chrysler includes ram chrysler dodge and jeep and ram trucks so that merger together that makes for a very strong situation bring peugeot vehicles maybe not under that name brand but that product into the marketplace for some of the older models like the course or 300. 00 thats been sitting there forever and never got enough face to it charger and challenger and maybe some s. U. V. S bringing in that vehicle will be great and will also allow for electric vehicles to merge in with the at chrysler to help them with some government regulations this will go through even though General Motors has accused them of record tiering which i think is a bit far but they claim they actually have a reason to believe that this is true and theyre going to take it to court i dont think its going to impact the merger whatsoever and i think its probably not a bad idea some of the on in india the auto economy now has been slowing for the last few years but new numbers from the federation of Automobile Dealers Association shows that during this years 42 day festival season retail sales actually fell 2 percent the worst sparing our motorcycles and scooters so whats behind the slowdown there that has to do with the economy when people are buying scooters which is their main form of transportation and bicycles thats an actual direct indication that the markets being impacted by whats going on in the economy as a lot of regulations been put in place a lot of taxation involved and of course their economy isnt doing that well i mean youre looking at the full year youre looking at a drop of nearly 14 percent in total sales thats huge and they need to turn that around and maybe its too much regulation maybe its too much taxation against their consumers and theyre not buying theyre sitting on their money or are you on los angeles for the childress week i just got back on a ride i saw yes i am now officially back but i did spend the week there and got to see literally everything ok i was going to say so the moon rovers aside lets forget about that tell us about some of things you saw there that are impressive. Ok i know that ford brought out their mustang maki im really not a fan of the word mustang attached to marquis i think theyre full electric s. U. V. Or crossover type product looking inspired by a mustang is fine the enthuses are extremely unhappy with the name mustang being attached to it they dont care about the look they dont care about the logo but the names got to go moping the listen to us me being one of them thats a huge mistake an iconic brand cant afford to be tied in with an electric vehicle name we also saw the Land Rover Defender and thats something that people in waiting for for a long time that is a gasoline powered vehicle they will have a hybrid coming out later and it is all new top to bottom and this is going to be something that is going to be very popular coming in that mid 30000 dollar range is good for the Land Rover Range Rover lineup and it sort of rounds out their complete lineup in addition audi brought out some electric vehicles but at the same time like every manufacture why they go electric on one direction they go performance on another so why they brought up their electric try on a larger version of the coupe they also brought out the audi a its an r s 6 of ont which i actually might have to buy one of these its a 650. 00 horse power Station Wagon and it looks cool and they also brought out the r s q 8 which is the full size 2 row s. U. V. And it is really cool looking because audi is really known for performance and there was a lot of other great product in there as well you got to blew my mind when you said looks cool and stationwagon in the same sentence it was more oh its really cool they call it an avant or a shooting brake i need someone at the central for more normal vehicles as well and brought out the x. With an s. Trim package so theres a lot of product being put out there but again constantly polarizing of all electric performance are brought out in l. A. Fascinating keep up with the car crash thank you for being here. Thank you. Finally today a rare copy of the very 1st Marvel Comics comic book was sold at auction for 1260000 dollars the comic book in question a near mint condition Marvel Comics number one from 1939 was sold on thursday by heritage heritage auctions in dallas texas the issue features the 1st appearance of some of marvels most iconic characters including the human torch and the submarine are the less famous one submariner the book was initially bought at the newsstand by a mail carrier and is only changed owners a few times the book was kept in excellent condition and was rated at 9. 4 out of 10 several comic books have sold for more than a 1000000. 00 at auction including amazing fantasy number 15 another marvel comic which features the 1st appearance of spiderman and it sold for 1100000. 00 in 2011 by the way the highest price ever fetched was 3200000 for action comics number one the 1st ever appearance of superman which reportedly sold on e bay back in 2014. Saw thats the part that i really dont understand who would actually buy this at the auction there are so many other things that you could get like the new titles like youve. Been saying that youve got to be a good super fan obviously to to do this stuff but it is it is exciting to think that youre tracing Something Back i think back to those the origin of those characters right because its so iconic and it does im not a nerd that likes this kind of stuff but its iconic enough i think that it transforms culture and society but the fact that its in excellent condition kind of means i whoever bought it actually didnt read it thats a fact that by this time you can catch boom bust on direct t. V. 3 channel 321 dish network how to 80. 7 im pleased to be the free t. V. Ads how to 79 or hit us up on you tube dot com slash movie bust r t well see you back here next. What politicians do you should. Put themselves on the line to get accepted or rejected. So when you want to be president. Some want to be rich. To go to the press this is what the 3 of the people are. Interested in the why. There should. Be a reflection of reality. In the world transforms. What will make you feel safe. Isolation community. Are you going the right way or are you being so. Direct. What is true. Whats his fate. In the world corrupted you need to descend. To join us in the depths. Just to go in the headlights give me a trial. Level democrats. Public hearings. This concern over germany. Is to create child videos
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