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 an unhealthy downward drift in Inflation Expectations and inflation we are strongly committed to symmetrically and 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 pred 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 Federal Reserve chairman jerome paul so 6 essentially the fed was created with 2 mandates they have to do a man is which is one to maximize employment and the 2nd one is to stabilize prices for consumers for businesses so that as i 5 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 and now weve also you know like i said hes 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 they made debt 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 herring 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 or with 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 regarding the current state of this economy. Well i mean you know in my opinion pollers phrase of the clueless i mean the whole Federal Reserve should be abolished but thats good that we have we have to deal with it so at the end of the day weve got higher rates which is fine now were not creating more liquidity for love for borrowers the borrowers are going to go to outside sources where the banks are now buying those loans which are creating a lot of more bad debt but overall trying to traumas case right reg should come down because of what the russell rules are and 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 drudgery 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 a growth 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 rates lowered to do that while the restaurant is lowering their Interest Rates and 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 you get 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 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 then 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 wal marts in stores like that they will they will succeed just fine is that we can see by their most recent earnings and their performers or their stock prices there you know people still want to go to a store which is the model that best buy actually built is a decided to build the showroom basic stores we can then go out 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 another conference by 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 and youre certainly not going to cut back into the Christmas Season youre going to overspend i mean there are still people buying off of 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 your interest if you 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 it is but again when it comes to christmas people are going to step out and buy 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 again 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 pay for it later just like a government thought bubble horowitz thank you so much for joining us. Now in this lifetime have a Great Holiday goes 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 and 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 in the risk of another escalation is not off the table the passage of the u. S. Is hong kong act now raises the possibility that china could take more hardline stance in the trade 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 good 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 the beagle 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 turned. In the wake of the we were told Venture Capital is looking to save our returns on their spending investigative journalist bands one is back today to show us the theater. And one of these unicorns are just a fairy tale and later well take you to new york city where straightly has managed to save a movie landmark in the big apple but what consequences could this happen the Film Industry as theatres and productions merge parties to the cause is on the ground in new york and bring us the latest on netflix is into the screen there and as we go to break here are the numbers. Young elephants have come to us. Especially brutal budging incidents because sadly the baby elephants often do see their mothers be killed but also be caught up in voter. I do believe from smile i see its a new social once the whole facial expression changes. Its an understatement to say america is a very divided country many have even spoken openly about the possibility of civil war what is tearing the country apart what is keeping it together it cannot only be about donald trump what will it take to start a sustained social and political dialogue to forge to. He. Means that you tie it in to the lets move the can sneak. It over. And you. Could want to take it out you think about it. Can i. Get a muscle. Tone. To fail when im in the good children telling us all that you can fire one next time you dont. 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 its listing 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 it 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 shoe 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. 00. Chrysler and owner p. F. C. 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 commented on the situation last week saying expected a binding merger deal with the french automaker by the end of the year now meanwhile and 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 one die in Southeast Asia will start production in 2021 planes and to manufacture 150000 vehicles yearly with ambitions to grow that number to 200 50000. 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 and instead of 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. One of the biggest talent that i have run into again this year losing roughly 100000000. 00 and. Its an incredible number isnt aggressive and when you think about 100000000000 dollars of value but look at you and i have talked about this quite a bit its sustainability right these companies have not designed a way to be sustainable long term lasting companies because they are 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 unicorns which have valuations of over a 1000000000 dollars 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 softening 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 thats reason this focus on now turning a profit is very different than what the traditional Venture Capitalists actually founded their principles on their 6 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 d say what 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 those 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 scooter 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 of 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. The pears theater is one of the oldest and most unique theaters in new york and now after closing its doors at the end of august 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 economy 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 teds rondo 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 that outlet 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 city 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 test the 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 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 it to 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 on planet evade the free t. V. Ads. Or as always you can hit us up at youtube dot com slash. See you next time. This is a story about one out. A stray bullet kills a young girl in the streets. What happens to her family and daughters in florida no mother daughter is buried in a cemetery in healing this is 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 pen this than him and what happens in court be. Shocked shocked as far as i feel. We dont know children just brutal. End of this unfortunately you. Will still not know chill just. 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. I. Yeah them belong in the soup or noticed them in some of the most name put a monument currently stuck in the middle of the screen because lucy disconnects he thought the. Fish are good for him for much is the feeling not the mall for normal porch. Donna suspects il and dons of the. Message will. Be the infant daughter one who will be people watching the building in the yard. Dock with. Carnival for much of what the big. Major u. S. News network called the right to security democrats in washington demands fox news register the foreign agents one of the channel a russian stooge after an on their job. Parents of a man killed in a Traffic Accident paul pressure on the u. K. Demanding justice the wife of a u. S. Diplomats and main suspect escapes punishment and we 3 of us responding to her theyre more concerned with helping the american citizen is theyre accused of killing not showing the alkie last british citizens agree with the culture. And flames ravage a Chemical Plant in western texas following a huge blast early