Save a movie landmark in the big apple but what consequences could this have for the Film Industry as theaters and production mergers arties Trinity Chavez is on the ground in new york to bring us the latest on netflix to dive into the screening sector we have a lot on board today so lets get right to it. You noted states Federal Reserve chairman powell on monday insinuated that there would be no changes in federal Interest Rates in the coming months powells comments came here which took place during an address to the Greater Providence chamber of commerce in rhode island come as the fed has cut rates by a quarter percentage point 3 times since july of this year the fed chair said policymakers are focused on meeting inflation goals adding it is essential that we at the fed use our tools to make sure that we do not permit unhealthy downward drift in Inflation Expectations and inflation we are strongly committed to symmetrically. And that substantially achieving our 2 Percent Inflation objective so that in making long term plans households and businesses can reasonably expect 2 Percent Inflation over time pauls comments come just 2 weeks before the next fed policy meeting which takes place december 10th and 11th now kristie i wanted to ask you the question why is this 2 percent Interest Rate so important a Federal Reserve chairman so essentially the fed was created with 2 mandates they have to do a mandate which is one to maximize employment and the 2nd one is to stabilize prices for consumers for businesses so that as jerome 6 said that these guys they can expect what what they need to spend in the coming year so by setting an inflation goal of 2 percent is actually the normalized rate of the United States since 1905 and so since they formalize that rate in 2017 that has been the goal of the fed ever since now weve also you know like i said he is not looking at more fed cuts here but we did do 3 over the last 6 months or so have they worked for the economy they have worked on an artificial level in terms of bubbling up the economy so what lowering the rates did it made it easier to get it made it easier for people to take on more loans made it easier for businesses to increase their spending the hope is that trickle down economics is that these businesses would then take their money and start putting investing into cap ex investing into haring more labor and thus employment which is the other mandate of the fed we have not seen that however because employment is actually down consumption is down and right now 3rd quarter earnings 95 percent of earnings are out and there has been a negative 2. 3 percent earnings for vision downwards so we have not seen it and yet the equity markets are all time highs its fascinating stuff and christine you and i could talk about this all day which we we actually mostly do but lets bring in our good friend horwitz chief strategist trading to join this conversation but thank you so much for being here lets start it off what do you make of polish comments are. In the current state of this economy. Well i mean you know that in my opinion policy has to be clueless i mean the whole Federal Reserve should be abolished but lets get to what we have we have to deal with it so at the end of the day weve got higher rates which is fine and now were not creating more liquidity for a lot for borrowers the borrowers they have to go to outside sources where the banks are now buying those loans which are creating a lot of more bad debt but overall trump the traumas case right reg should come down because of what the restoral is doing this is the manipulation of the Central Banks globally that are trying to force currency and rates down to 0 and of course we are basically borrowing that money who is the fed if we pan are buying our bonds guaranteed by the full faith and treasury of the government so what theyre doing is they should be able to bring rates down and silver attract money into this country however if they really went by what theyre supposed to go weve got low unemployment weve got suppose the growth it weve got all the things going rate should not be coming down based on those disks alone but of course they will because theyre trying to keep up with the rest of the world by manipulating our dollar lower which they have to bring rates lowered to do that while the restaurant is lowering the Interest Rate on germany higher is also Holding Steady so why cant the u. S. Just take a leaf out of germanys buck and start modeling the economy after that. Well i mean you know i think that the real problem here is because the use of the entire Global Economy is melting down ok and you get every basic bad major economy with negative rates right now youve got everybody willing to fiddle around with their currency which is the whole big fallacy of the currency system so when trouble is saying what we what we should be seeing is to bring our rates down because again we are borrowing that money and when we take though that money on our treasuries were borrowing it from somebody so why should we pay want to have our 2 percent or whatever happens to be when its really not necessary so wed be actually lowering our debt load so but if we look at just this country alone then the rate should be higher than they are now because certainly you can see by the peer to peer lenders and by all these 3rd Party Lenders that theyre getting a lot more than what the banks are lending for now but i actually want to make a little bit of a transition here because you know were heading into the Holiday Season here we have one of the biggest shopping days of the year and black friday coming up now retail has continually take up hits as commerce giants make big plays for consumers cash the likes of target and best buy or try to recover as they beefed up their Online Presence and even attempted to make it easier to purchase things ahead of time and go to the store and pick them up however Department Stores like macys and kohls have faced struggles where do you currently see the Retail Sector here in america. Well i think the the brick and mortar as we know it you know a store in every corner all the shopping malls i think is over however the targets walmarts in stores like that they will they will succeed just fine as we can see by their most recent earnings and their performance of their stock prices there you know people still want to go to a store which is the model that best buy actually built is that aside to build the showroom basic stores we can then go and buy the product online it is still going to be a lot of competition and i think over time its going to be you know instead of 5 or 10 percent online its going to be 60 to 70 percent online buying because again people like the convenience of buying online. So now the conference for reported tuesday that the Consumer Confidence actually fell for the 4th straight month falling to 125. 5 this month but the National Retail federation expects sales to go up by 4 percent this Holiday Season so how can you see growth when people dont even have the money to spend. Well again of us and we are we are a buy them on society and with if you had a credit card and its got room youre going to buy youre certainly not going to cut back into the Christmas Season youre going to overspend i mean there are still people paying off last years christmas bills and of course thats the whole scheme of their Credit Card Companies that juice up these rates or the special deals they make you know if youre interested pay with a 90. 00 days well nobody plays with 90 days of these that so they end up paying multiple usury rate type of rates and thats really what happens but again when it comes to christmas people are going to step out and buy it at their work and theyre going to make sure they have enough money to buy for their kids or family or whatever and thats just the way it is i mean were going to see big sales and i guess the real question is are the retailers making the right Profit Margins so that would be the bigger question here is are Profit Margins good the numbers are going to be big now the question is will the Profit Margins be good and bubbas tell us right now spend money to pay for it later just like a government thought bubble horowitz thank you so much for joining us. Not in this lifetime have a Great Holiday because thank you. China a 6000000000. 00 tuesday in its biggest ever International Sovereign bond sale doubling that of last years issuance and helping to satiate the Global Investor demand for higher yielding dollar debt yields on chinas 10 year u. S. Dollar bonds are at 3. 2 percent compared with the yields of the us 10 years which are returning less than 1. 8 percent the finance ministry sold the bonds in 4 tranches as it took advantage of the cheapening costs of the market rally this year has driven global banja of the sharply lower. Are significantly decreasing the cost of financing compared to last year this move also helped improve chinas bond yield curve now on the trade front top negotiators from china and the u. S. Held telephone conversation tuesday to discuss core concerns for the remaining matters and phase one chief among them is the rollback of existing tariffs on chinese goods while it is hopeful that the 2 sides continue to keep in touch with more discussions the risk of another escalation is not off the table the passage of the u. S. As hong kong act now raises the possibility that china could take more hardline stance in the train talks. German chancellor Angela Merkel and members of the government of her government are facing criticisms from the u. S. From the u. S. Ambassador over their refusal to ban walk away from being considered for 5 g. Implementation in the country the confrontation began as german minister for Economic Affairs and energy peter meyer was commenting on the concerns that the Chinese Telecom giant would be required to hand over data from its networks to chinese officials if need it mr meyer pointed out that in his estimation this isnt too different from the way that the United States requires companies to hand over information in an effort to fight terrorism and brought up the fact that the n. S. A. Had tapped chancellor merkels phones which was revealed in 2015 during an interview with german political journalist and will mr meyer said i recall during the n. S. A. Affair when i was chief of staff for merkel how you continuously investigated how unreliable and untrustworthy the Us Government was and we didnt impose a boycott there either this comment prompted u. S. Ambassador to germany richard goodwill to issue a statement saying there is no moral equivalency between china and the United States and anyone suggesting it ignores history and is bound to repeat it later told there should be eagle the comments were an insult to the thousands of american servicemen and women who contribute to the defense of germany. Time now for a quick break but hey have because when we met. In the wake of that we were. Looking to see returns on their spending investigative journalist bands one is back today to show us the theater. I was in these unicorns are just a fairy tale and later we take you to new york city where street has managed to save a movie landmark in the big apple but what consequences could this have for the Film Industry as theaters and productions are teaching the causes on the ground in new york and bring us the latest on netflix is into the screen. And as we go to break here are the numbers. Young elephants have come to us off to. Us basically brutal putting incidents because sadly the baby elephants often do see their mothers only to be killed but also be cut off and. I do believe the elephant smile i see its a nice little ones they all say show express untainted as. In the. Join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics or business im show business ill see that. He always still got you to times have a duty to conclude sydney. On diplomatic record the records are cool to discredit and i knew you. Could want to think about getting out of your convention each you want to look at them as all. Of them do eat too much haha get to be a good tone crew fall under your thumb to get the if youre going to fail when im in the good children till one with all that you can tie one next time you dont come fall out of the mark or quitting your. Ali babas debut in hong kong on tuesday is pricing at 22. 50 a share in the Worlds Largest listing so far this year to a very receptive crowd 5 years ago ali baba raised 20 5000000000. 00 in new york city and now this listing raised another 11300000000. 00 in asia making it easier for investors in china and elsewhere in asia to trade books were oversubscribed on both the institutional and retail tranches with shares surging 6 percent on the open and in the day trading at 6. 6 percent above assisting price it was a risky move to list in hong kong at a time when a lot of people have lost confidence in hong kong as a market amid the unrest and riots the listing was originally planned to raise as much as 20000000000. 00 when i 1st filed for the listing in june but plans stalled and were scaled back as a result of the political crisis but with the success of the launch tuesday this listing symbolizes a vote of confidence by beijing in hong kongs future as a Financial Center in spite of the recent hostile climate ali baba is chinas most valuable company and this listing follows a record breaking single day where it recorded a turnover of 30000000000. 00 sales in the 3rd quarter were also up 40 percent year over year bankers still have the option to trigger the green show over allotment within one month of the listing and if they do it would increase the number of shares of the offering another 15 percent bring the total raise up to 12900000000. Chrysler and peugeot owner p. S. A. Will sign a merger agreement in the coming weeks according to a communication sent to employees of both groups obtained by reuters once the deal is finalized the resulting company will be the worlds 4th largest automaker chrysler chairman john oakman commented on the situation last week see expected a binding merger deal with the french automaker by the end of the year. Now meanwhile in the other auto related news south koreas hyundai said tuesday it has signed a preliminary agreement to build a new factory in indonesia the automaker is planning to invest 1550000000. 00 in the indonesia facility from now until 2030 with the funds going to produce Product Development and operational costs the factory which will be the 1st for hyundai in Southeast Asia will start production in 2021 plans and to manufacture 150000 vehicles yearly with ambitions to grow that number to 250000. 00 per year. And has been a crazy year for Tech Companies in Silicon Valley and some of the most impressive and high flying Companies Like we work have collectively lost about 100000000000. 00 in value just this year alone the biggest reason for that those Companies Just didnt turn profit instead many startup Tech Companies survive solely on Venture Capital investment so for all the talk about Growth Market share and continue plans for expansion these companies have done something new in the market which is to never actually make any money for their investors now a number of companies are moving away from proving that they can grow to proving that they can actually turn a profit the new reality for Tech Startups is a demand for restraint and Good Business practices in fact even subtle signs of restraint are notable in an instant that has been on a tear for the past decade keep in mind a new u. S. Venture Capital Investment has jumped from 27000000000 in 2009 to 138000000000 in 2018 so if i am down just just this is investigative journalist ben swan so for Companies Like we were what is the biggest challenge that they have run into again this year losing roughly 100000000000. 00 in value yet its an incredible number isnt aggressive and when you think about 100 1000000000. 00 of value but look at you and i have talked about this quite a bit sustainability right these companies have not designed a way to be sustainable long term lasting companies because there is. Built upon unsustainable models where they dont make money and imagine this idea what you what you just read imagine the idea of a company saying it is more important that we not grow so fast and take on this enormous amount of of customers its more important that we can turn a profit who would have ever thought we reached the point in any kind of business eco system or infrastructure where that becomes a thing isnt that like the most fundamental basic Building Block of any business is to be able to turn a profit absolutely but now these unicorn switch have valuations of over a 1000000000. 00 when they i. P. O. Are the dream over every entrepreneur nor so if Companies Like we work and who dont turn a profit how do they draw in so much early investment leading them to this i. P. O. It just doesnt make sense to me. Well i think the real reason for this is because the i. P. O. Is the payoff right so the way that used to be and you guys can correct me if im wrong with the way it used to be its a company get started it needs Venture Capital in order to begin and then eventually if it gets to the point of i. P. O. Its because its such a Great Company and its making so much money that everybody wants to be a part of it and that scenario has been flipped on its head what happens now is you have these Venture Capital firms and investment firms like soft bank for instance right that come in and they bring the early investment they put money in but it seems like the end game is the i. P. O. Not beyond the i. P. O. Not to say this is how we are now going to make money for all these public investors who come into the company and shareholders and instead the early investors are making money on just the i. P. O. And the founders the c. E. O. s those founders are making money on the i. P. O. s because theyre taking it all the stock and then if its unsuccessful after the fact its not their problem and thats what happened by the way with travis over and over with out of newman over it we were both of them walk away with enormous amounts of money personal fortunes the rest of us couldnt dream of and yet the same time the company doesnt make money. Well this race this focus on now turning a profit is very different than what the traditional Venture Capitalists actually founded their principles on their rationale for injecting so much money early on as you have to focus on growth they have to focus on expanding our market or else ill be cannibalized by another bigger competitor who has the same bundle has the same backing so if companies are expected to turn a profit early on how can they expect to grow their market share its a catch 22 it really is a cash flow into a thats a great point right a lot of investors dont want to build companies right they want to as they say put gasoline on the fire they want to help to inject capital so that you can grow really fast the problem is when you get someone like an adam newman ill pick on him a little because i think hes the easy kid in the room to pick up adam newman only had a vision for growth he didnt have any vision for sustainability so when he kept talking about this rapid expansion of we werent even go into the i. P. O. We just what it was rapid expansion and to continue to grow but at some point there has to be an adult in the room who says. Injecting capital getting us there fast making sure were not cannibalize all that is great but what is the business side of this that says this is our products and this is how we make money so that we have sustainability the reason that you have companies that have existed for so long you know these marquee Companies LikeFord Motor Company those kinds of companies have had to make money over the years they cant just be companies that pop up and in a decade say but weve never figured out how to make money if you cant figure out how to make money how do you ever play into to survive or to last that i think thats why investors are not backing away to say maybe well still inject capital will still get money in there but you got to show us that you can make is that last so that we all lose our money afterwards i want to see how even plans to dig themselves out of their hundreds of 1000000000. 00 of debt thats not going to happen for years so now in recent weeks another car Subscription Company fair and Software Company your paths have downsized skeeter renting Company Alive have also rejected their operations to prove to message that it can turn a profit so is this the path moving forward now for Silicon Valley. I think it is and i think its actually a positive thing i think this is a good thing so for instance take line you mentioned them one of the things that theyre doing right now is theyre taking investors through a process theyre trying to raise a couple 100000000. 00 right now which you know we say that like its a small amount a few 100000000. 00 and its taking about twice as long as they had expected to take and one of the things theyre having to do was actually bring investors to their warehouses to their headquarters to show them what theyre doing this is what were doing with inventory this is how were making money on it these are the processes were using in order to refine there is i think greater accountability that is now in the marketplace for the companies to say prove that you and do what you say youre going to do because if youre going to just tell us that if we give you money and youre going to continue this path of will just drop more of these lines scooters off in more cities and trust us one day will make money is still big anyway trust them anymore fascinating story investigative journalist bans on thank you so much for being here guys thanks and happy thanksgiving thank you. Know paris theater is one of the oldest and most theaters in new york and now at the closing its doors at the end of august and the lights are turning back on at least part of the time thanks to his new netflix. The bears theater is one of the most iconic leaders in new york but after closing its doors at the end of august the lights are turning back on thanks to netflix. The Video Streaming Service announcing this week that it will use the 500. 00 plus seat space for special events screenings and other theatrical releases of its films while the a conic theater is the last single screen theatre in manhattan it closed its stores in august after a previous lease ended but since the beginning of the month netflix has been showing its oscar contender mares story netflixs chief content officer ted serato said in a statement after 71 years the paris theater has an enduring legacy and remains a destination for one of a kind movie going experience we are incredibly proud to preserve this historic New York Institution so it can continue to be a cinematic home for film lovers in recent years netflix has been trying to work deals with numerous traditional cinemas most recently the Egyptian Theater in los angeles the streaming service has also reportedly considered buying a small chain like the landmark theaters however that would have been illegal under the paramount concent decrees but now the department of justice is moving to abolish the decrees that have been in effect since the 1940 s. And while netflix and other streaming services could be behind the downfall of movie theaters in recent years many believe that abolishing the decrees could open doors to new opportunities and preserve the lifespan of theaters powerhouse production houses and other companies could purchase struggling theaters and screen movies for however long they want ben affleck says it is still plans to screen its movies at other new york theaters however did not go into the specifics of the deal meantime the companys stock is up about 18 percent year to date reporting in new york printed each other as art. And since thursday of last week the tesla cyber truck has been pulling in the headlines and today well its no different now it appears were going to get an apples to apples tug of war bad. Between the future official truck of mars and the leader in the pickup truck game the ford f 150. 00 during the unveiling of the cyber truck which included not one but 2 unbreakable steel windows well breaking they also showed a video of the cyber truck pulling an f 150 up hill as the fords tires screech and you can hear right there this video which has been watched nearly 13000000 times prompted a response from some deep mudra Vice President at fort dix who tweeted tesla c. E. O. Elon musk to send us to send us a cyber truck and we will do the apples apples test for you must respond on monday saying simply bring it on astrophysicist neil de grasse tyson he also weighed in on the situation to ation casting doubt on the initial tug of war saying if musk were to fully load the ford f 150. 00 it would give the highest traction to its rear wheels then try to drag that up the hill must said he would be open to doing this is early as next week and even suggested a live stream of said test now kristie youre going to like this but i got to tell you something im falling in love with cybertron why it looks beautiful you want to really sell and i dont know i just dont like it when you look at they become like a shoe to get like something ugly actually turned into something good once you look at a long and i feel like that is exactly what is happening and maybe its a little bit of polo because everybodys talking about it im like i want one so i could be like you know that car talk about i got it well thats whats happening because all these 11 families theyre going to guarantee that the cyber truck is actually sold out before they even launches absolutely graham marketing thats it by this time you can catch them must on directv channel 321 dish network town to 80. 7 outlet its either free t. V. Ads. Or as always you can hit us up at youtube dot com slash boom bust see you next time. This is a story about one out. And zoster a stray bullet kills a young girl in the streets. What happens to her family my daughters in florida the mother daughter is buried in a cement terry it really messes 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 b b b b. Shot shot smar society we feel. We dont know childress for the. End of this trial unfortunately due to the will still love no chill just. To know one of the things we talk about on the show if you read the Financial Press about the latest scandal its just a new name for a recurring scandal like theres only 3 or 4 ways you can rip people off as it changes is the name they call to rip people off. Much on a par 4 and trying to study them and then you have the record set and what we have done is to try and identify something happening in the brain where the extension of the ripples corresponds to the depth of your consciousness. I thank you. Thank. You. Flames rough a. J. Chemical plant in western texas following a huge blast Early Morning 3 workers are injured. Also coming up on the program delegates flush out the chemical weapons watchdog called friends but threats to its funding over plans to allow the agency to assign blame and made growing concerns over the bodies investigative credibility. Of the u. K. s biggest cinema chains brings back a controversial full to the big screen despite the movie triggering dozens of pilot incidents of release last week