A couple of aluminum outages this past year there were a couple accidents and explosions in the factories and that contributed to the decline in output so if you look at the output for the overall metals and Materials Market which includes Aluminum Steel market 10 copper etc that is actually up 3. 5 percent exactly in line with expectations and also hitting an all time record high and its interesting to see whether this will actually take effect into the phase 2 if steel and aluminum because that was a big portion of why trump started this trade war in the 1st place was the what he called characterizes as the Illegal Dumping of inferior steel on the u. S. Market so well definitely take a look at that as we move forward. The strikes in france. Really strikes in france to do proposed reforms by president Emmanuel Crown have been ongoing since early december while the numbers in the streets are dwindling the lose museum in paris was forced to close friday as dozens of protesters block the entrance this marks the 1st time strikes have affected the museum and an exhibit marking the 500. The death of an order to burn cheap and the transports drugs are having a greater impact on the overall economy of france are to Shirley Dubinsky is in paris and filed this report for us. Its the longest continuous transport strike in france while trains and metros may be slowly getting back on track this strike could be pushing frances economy off the rails. But we are financially impacted because we have a decrease in traffic for almost 6 weeks now as a result of the transport not working which is almost 20 or 30 percent of our current. And his shop is not alone in feeling the pinch an estimated 10 percent of businesses mainly the tourism so Souvenir Shops Hotels and restaurants have been hit by the strikes some businesses say their turnover losses are actually as high as 50 percent as a transport shortage captivates it is a way particularly over the busy Christmas Shopping season. Its true we were afraid. To get our trainer here we have rented scooters because the measures stations are closed. And trains were. Merged the couple of times. It was quite complicated because it was a trip for a birthday we wanted to come in november or december and now its january and we only managed to. Train was cancelled 6 times each time they were cancelled last minute so we never knew if we could come or not but in the end we have succeeded the strike was initially called by transport staff in response to french government Pension Reforms now it plans to merge 42. 00 different plans into a universal system which it says will be fairer deal with the future pension deficit for costs it also wanted to raise the age of retirement by 2 years to 64 but this has since been back to try. Act and while the strike has spread across many french sect is including teaches doctors in who is in more downing the tools of that trade frances state national waylay company is the one thats really counting the cost i send c. F. Says it will now have to look at ways making up those little sees though it has ruled out job cuts theres still no ending sight to this strike action which still according to the polls has the backing of the public meanwhile the government is pushing full steam ahead with its plans with the pension reform bill which due to be submitted to the parliament next week. In paris. Indias commerce minister prior should go well says the country is in the final stages of a bilateral trade deal with the United States which they hope will resolve some differences between the 2 nations during a security conference in new delhi the Congress Minister said with the us we are in at an advanced stage of dialogue to sort out some of the pressing issues meanwhile the wall street journal is reporting that the trade deal could be announced during a visit to new delhi by u. S. President donald trump in the near future now according to the journal the deal could ease some of the u. S. As longstanding concerns with indias trade and economic practices while in return restoring indias preferential trade status allowing the nation to ship billions of dollars of duty Free Products to the u. S. The trade pact between india and the u. S. Would not be as comprehensive as the recently signed deals between washington and their north american trade partners or recently negotiated deal recently negotiate a deal with japan at this time no official date is set for a visit to india from the u. S. President. Time now for a quick pause but hang tight because just on the other side the electric vehicle. Companies are racing to dominate growing markets lauren fix the car coach is standing by to take us through the speech there plus well take you inside the latest controversy swirling on facebook and how the scandal has landed in court has a. O. L. s sorted out and as we go to break here are the numbers at the close. The. Keep the slow you or me you are the focus on the so do you sleep. When you want. To see. The most good movie the. Goal the more you. Get a little bit in. The long. Lead. America has built a prison called the world and its the prison its the raw it runs the prison and the cost of building that prison is 0 because its all based on everyone in the world is still willing to accept dollars trade in dollars clear through the new york fed and worship the u. S. Dollar wherever you go youll find a. T. M. s in countries where the local currency and dollars right dollar is god no matter what religion you say you are. Around the world. Every day. The world is driven by a dream shaped by one person and those with. The dangers. We dare to ask. Well the highly anticipated phase one finally got signed this week lets see how we ended up over on moscow the most to new highs already up almost 4 percent in 2020 after the surprise resignation of the russian government this week the market rallied 1. 6 percent as observers cited that a new government could boost russias anemic pace of Economic Growth over in shanghai the market is down half a percent as the market rallied into january 15th signing but then slump and fell in a surprise move where no additional tariff rollbacks were granted the market had expected more reprieve i was disappointed that not even a schedule of a tariff rollback had been agreed to by the us in phase one over in japan the nikkei hit a new 52 week highs friday up almost a percent for the week as hopes for rebounding Global Demand and a softer yen drove broad based gains the nikkei rose as big growth exports such as Construction Equipment komatsu lead menu fact. And toyota and sony also made advances financial peers no more a mitsubishi financial and so me tell them its also gain as expectations for strong earnings season kicked off over in hong kong the market also gained 1. 5 percent for the week closing at its highest level in 8 months as a summer Economic Data suggested that growth in asian nations have bottomed out and are quickly rebounding Industrial Production and retail Sales Beat Estimates as countercyclical policies have come into play over in india the sensex hit all time highs this week as the loonie overhang of china and the u. S. Was lifted after 18 months markets are now looking forward to earnings where all eyes are on reliance industries. Bank and h. C. L. Technologies meanwhile foreign Institutional Investors are still remaining net buyers into the Capital Markets this week as emerging markets are back rotating to favor down australia d the a. S. X. Extended gains to fresh highs following strong retail sales data Risk Appetite have largely improved since beijing and washington into phase one and mining became the top contributor to the aussie benchmark jumped by 1 point one percent to its highest since july of last year rio tinto gained 1. 8 percent as a forecasted higher iron ore shipments in 2020 and manufacturing and construction and Global Growth outlooks began to recover and finally the all shares in south africa were up as its search in line with other Global Markets which were all buoyed by easing trade tension and the saying corporate earnings resources and industrials lead as the outlook improved and demand for gold platinum and palladium remain solid now over the brow of the rest of america. Thank you kristie looks like were having a positive week for western markets and lets dig into whats going on here look at some numbers in paris the cac is up on the week mostly due to the easing and trade tensions with the signing of phase one as weve seen across markets all over the world the automakers renault. Which should face trade sensitivities saw a. It of a boost at the end of the week but are still down on the month now the german dax now that is flat on the week that trade deal and chinas g. D. P. Coming in where analyst expect it gave it a boost at the end of the week utilities it construction made some moves while volkswagen struggled this week which could have correlate it correlated to the fall out from that a mission scandal which we hit on earlier this week the foot sea in london that is up on the week its up more than one percent feeling the same benefits a some of these other markets now the markets were elevated by resource stocks which is something to keep it i on here and december of marked the 5th straight month without growth in the Retail Sector in the u. K. Now moving to the americas the evil vesper is up on the week and they are looking at the dead out of china as well now the last 3 months have been good for the ebo vest as as seen big gains however roberte ocampo scenario the president of the central bank of brazil gave a speech of miami friday where he recommended caution on their Monetary Policy if so the net again something to keep an eye on now moving north into north america that b. M. V. In mexico is up for the week with gains of over one percent heading for week highs on the back of the u. S. Senate approval of the United States mexico Canada Agreement group of next so mexico Mining Company was one of the leaders in the clubhouse what it comes to games on the week in mexico in the us the 3 indices the at said pete the nasdaq and the n. Y. S. E. All up on that us m. C. A. Signing and fe the citing a phase one of the u. S. China trade agreement as well now theres posit movement in these markets because of that and the s. N. P. Even hit 52. 00 week highs on friday the tech heavy nasdaq and the New York Stock Exchange there in the same boat they hit 52 week highs as well and wrapping things up in the great white north the ts sex in toronto is all so up hitting those 52 week highs that weve seen in the american markets as well again this was pushed by the ratification of the u. S. M. C. A. Chinese Economic Data and marge futures on the ts ext are up as well and that is your Global Market walk for the week. The German Government has announced a deal to stop the use of coal power in the country by 2038 berlin will compensate call producing regions with a compensation worth roughly 40000000000 euros germany has also allocated for point 35000000000. 00 euros for coal plant that agreed to close prior to the deadline with a deal in germany it will phase out the use of nuclear and coal power at the same time the government hopes to have at least 65 percent of its at electricity produced with Minimal Energy by 2030 the news comes as the north going to pipeline set to deliver natural gas from russia to germany is facing delays due to u. S. Sanctions levied against Companies Involved in the project russian president Vladimir Putin spoke over the weekend about the pipeline saying that the project had been delayed but he hopes that it will be completed by the end of the year or q one of 2021 at this time only 160 kilometers of the total of 2460 kilometers of the pipeline remains to be built but the contractors involved have stopped pipe play due to the after mention sanctions. And i phone manufacturer foxconn an automaker fiat and chrysler are planning to launch a joint venture to build electric cars in china while no deal has been officially made f. C. A. Concert confirmed on friday that they are in talks with some high the Parent Company of fox company for the creation of a 5050 joint venture to develop next generation Battery Powered electric vehicles with a focus on the Chinese Market at chrysler will deal with manufacturing the vehicles well foxconn will work on the electronics and Software Included in the cars now f. D. A. Recently merged with peugeot maker p. S. A. To become the worlds 4th largest Auto Alliance and joining us now to discuss what this means for the future of the bees in a bevy of other auto related news is the car coach lauren fix lauren thank you so much for being here with us today. Thank you for having me back of course now a couple of quick ones on this. Joint venture its interesting to see the traditional tech manufacturers moving into Vehicle Design in fact last week at c s in las vegas we saw sony unveiled the vision as a concept car with a focus on tech and Entertainment Options inside now there are no plans on selling this vehicle but it was a Good Opportunity to show off the tech that they can put in a vehicle so why are we seeing Tech Companies getting into autos well actually its really a smart idea look at apple theyve been developing a long term its called the titan project they were going to build a car as well building cars is a very expensive venture the Profit Margins are not what they would be like they are in tech so typically they wont build exactly a vehicle but will use that tech and partnering with someone else which is whats so smart about this foxconn deal they build the i phone they know how to build technology if they take that same maybe this has to do that with the titan project that we dont know yet if you take that technology and you put it into a known manufacturer like chrysler now that its going to merge with p. S. A. You know of a global car platform they need this interface and fox kind of saying its going to be up to 10 percent of the revenues thats huge and that should cause their stock to boom as well now we just reported thursday that tesla is also looking at creating a design facility in china after launching the shanghai manufacturing facility why are we seeing this big push into the Chinese Market is it about the subsidies provided for the e. V. A. s or is it just about pushing into one of the Worlds Largest auto markets. Well the Worlds Largest market youre correct is china and there are a lector vehicle segment is the largest increase of about 6 percent but keep in mind overall theres a lot more cars there a lot more people than there were here in the u. S. Opening up by the Chinese Research and design facility is very smart because their cars and their needs are completely different than that of the United States and other places of the world now because hes in such a unique situation that hes new and he is getting these subsidies its a great opportunity but keep in mind sales for chinese cars are down dramatically and they have been month over month and that could be an impact in a negative factor and the other factor to consider is the subsidies going away theyre hoping in china that because they have this quarter for the clean vehicles that this is going to be how theyre going to fill that void well and i do have a question about your answer there because with tesla being kind of a nice manufacturer there theyre smaller than like the big guys obviously than even the alliance that were talking about here so why is it a good move for them to kind of focus so much on the Chinese Market when theyre still really trying to roll it out to the rest of the world. Well youve got it you have to try and get as much money cashflow as you can if youre losing your subsidy which is completely gone here in the u. S. As far as tesla is concerned you have to figure out how my going to make up that money well theres a subsidy thats going to him in china that plus hes got a relationship with the Chinese Government trying to access the largest market get as much cash flow try to own a better effect a factor as you can control that and hes also building a battery location thats going to be in germany so he can cover europe so hes at least trying some unique strategies to try and build these building like a tech company and not like a car company so well see what happens the stock is high right now but have a feeling since some of the research is going on to some of the accidents and deaths that have happened we might see a dip in his stock individually but overall anyone who wants to succeed in the chinese car market you better be offering any view youre not going to be able to sell vehicles and im sticking with as i and davies the national. Highway Safety Administration announced friday that they would review a petition that asked the agency to investigate 500000 over reports of unintended acceleration so whats going on here does this cause concern for tesla. Theyve had a lot of problems sometimes its the auto Pilot Program theres been 127 complaints 110 crashes and 52 deaths im sorry 52 injuries let me correct that theres been some deaths as well and because of that its a national highway traffic Safety Administration is investigating there have been continual probes but the 1st problem they dont like is the use of the word autopilot which is there some nice sort of autonomy but it really is what they call level 3 its available in a lot of vehicles for collision warning cross Traffic Alert a lot of these safety features and even the pro pilot 360. 00 which ford has is pretty much the same thing its lane centering unfortunately consumers think that it means i can falsely behind the wheel i can eat a sandwich and totally ringback keep their hands off the wheel nats when were having some problems now also there is some Software Glitches that are causing cars or completely stopped to start up and move cars that unintentionally accelerate when theyre in parking conditions whether theyre parallel parking or pulling into a garage and because of that high quantity of incidence is theyre looking at a half a 1000000 vehicles well its interesting board too because when you talk about that auto pilot they dont really anticipate you doing that again last week i mean we saw a bevy of cars out there that were actually intended for that for entertainment purposes for turn this in your home office while your auto driving now obviously again those are going to hit the road any time soon but thats kind of the way they are looking at in the next 20 years or so lauren fix the car coach thank you so much for joining us today. Q. Facebook is in the headlines once again this Time Companies are looking to soon facebook for anticompetitive behavior this comes as the tag giant is facing several antitrust investigations our t. V. Correspondents are months as they ok after as the story. Facebook is facing a Class Action Lawsuit 4 companies are accusing the tech giant of anticompetitive behavior the lawsuit filed in a San Francisco court claims facebook cut off Money Developers access to user data partner from the law firm appears bainbridge and kohli of counsel of the case stated facebook faced an existential threat from mobile apps and while it could have responded by competing on the merits it instead chose to use its might to intentionally eliminate its competition plaintiffs are also asking for a court to force chief executive officer Mark Zuckerberg to give up control of the social media giant the firm said while facebook owns whats up and instagram it will integrate them into the social network quote consolidating its market power across the globe likely permanently for closing competition in the relevant markets for decades to come in an email statement to bloomberg the tech giant responded we operated in a competitive environment where people and advertisers have many choices adding in the current environment where plaintiffs attorneys see financial opportunities claims like this arent expected but they are without merit in 2010 facebook opened its platform for the developers and its attempt to catch up to the fast growing mobile market and in 2012 they cut off access for certain apps while still allowing others move that could limit competition now this while u. S. House Speaker Nancy Pelosi slammed the tech giant accusing facebook of abusing technology and misleading its users they have shed. If they know its not true they will print it i think they have been abuse of the great opportunity that technology has given them but my feeling about them is they dont want to all of them under their tax cut and no i dont trust action against them what they did very deliberately and very clearly that they intend to be accomplices for misleading the American People with money from god knows where and i think their behavior is shameful. Facebook recently announced changes to its policy in regards to political ads while also facing antitrust investigations in the house and the Justice Department and the federal trade commission the tech giant is losing trust but ultimately it will be up to the regulators and how they will hold them accountable for enforcement reporting for boom bust. Beyond the park x. Adidas collection will be released on saturday this collection includes bodysuits hoodies joggers and jackets capitalizing on the trendy at leisure market this collection is designed to be unisex as beyond they expressed her appreciation for gender neutral clothing and now of course influencers and celebrity friends got their hands on this collection ahead of the big drop Reese Witherspoon got a surprise delivery from the queen bee and recorded the entire unboxing on take tuck where she modeled key pieces from the collection other celebs who received these bright orange rolling trunks included Hayley Bieber car to be ellen to generous and more this is a huge adventure far beyond say as she becomes the 1st black woman to be the sole owner of an athlete your brand beyond the park collection originally rolled out in 2016 at top shop but that later got pulled out their Sexual Harassment claims were filed against the owner sir philip green in this release adidas believes that the park could eventually surpass kanye west easy sales which banked 101500000000. 00 in. 2019 now kristie i have a question about the term f a leisure ok now i always thought that was just like yoga pants and a tank top that look you know acceptable to go out but well its gone now but if we look behind us there was a picture of be outside what looked like a flowing dress that was. So i mean that looks a little more than a pleasure to me but it is played out the ticket looks like something that you could do yoga and it looks like something that you can do aerial silk. Well i think it is very interesting that she what unisex everything is very stylish looking i was intrigued theres a lot of overall style adidas branded things and i think shes done a great job and now you are a huge shoe junky do you think that you are going to be a buyer of one of these ill take a look at it im not sure that im going to go that far but i definitely think adidas clothing looks better than say like nike with better shoes brand as like the bigger sneaker head that. Thats it for this time you can catch boom bust on direct t. V. Channel 321 dish network tell it to 80 or screen 247 on planet t. V. The free t. V. After any night or as always you can hit us up at youtube dot com slash boom bust r. T. See you next time. I. Wisdom is the application of rock the bold molecule in a rope or you have waves in novel contexts but if you learn a particular scenario could be in a class could be brilliant and you encounter that exact same scenario knowing what to do is just memory thats not wisdom thats not learning its just memorizing some wisdom comes when you are facing a brain new context and you can draw a lot of tools been learned in other contexts systematically to know what to do. With. The world is driven by dreamers shaped by those great. Snow jerry thinks. We dare to ask. Its. Just. A very warm welcome to you youre watching us and. You are no offense but you no longer a young woman in fact you are one of the last living survivors of the nazi yeah. Im aware of it. All you know. You can never forget. Was it really like to be inhaled close you would never believe it was a film that you dont do as a hobby of course for 30 years and never be very bad at all since a lot offered by the side. When i get out on the farm saw you i want to take my song to her next so he can listen and hopefully bless her. I think seems the french president of russia paris. Boozes furious protesters. Resign and try to confront him. Rejects accusations washington routinely lines about americas longest war made by the top u. S. Official overseeing afghanistans reconstruction. Also a russian Computer Programmer arrested in greece at washingtons request please for me hes been. Denied basic rights
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