A i will tell you so much to get to so lets get started. Ahead of the World Economic forum in davos today the i. M. F. Has tremendous Economic Forecast for 2020 from 3. 4 percent to 3. 3 the downgrade was issued on the back of weak data at the end of 29000. 00 led by india slowing growth and credit squeeze this is the i. M. F. 6 straight reduction though its cautiously optimistic that Global Growth may be stabilizing at subdued levels Manufacturing Activity and global trade have bottomed out but the im not warned that the Global Outlook remains on the downside additional risks include rising geopolitical tensions between us and iran and higher Tariff Barriers between us and its trading partners most notably china mark conflict is a rising between france and the u. S. Over the new french general attacks targeting Big Tech Companies and this poses a big risk if it is not resolved davos as italy the u. K. Turkey and other e. U. Countries are likely to follow frances lead. The i. M. F. Upgraded chinas 2020 Global Forecast from 5. 8 percent to 6 percent on the account of the council tariffs in december but it did not boost the u. S. Growth forecasts instead the u. S. Got downgraded to 2 percent growth because of the fading effects of the 2017 tax cuts and the feds monetary easing interesting enough that the u. S. Growth did not get a boost despite chinas pledges of a 200000000000 dollars worth of ag purchases and with more lets bring in Todd Horowitz chief strategist a baba trading so lets start there isnt it a bit strange that despite the 200000000000. 00 worth of u. S. Ag purchases which is more than a 20 percent increase from 2017 that didnt affect the i. M. F. Projection for the u. S. Growth at all so is the u. S. Economy slowing down that much or is the i. M. F. Actually discounting phase one like the rest of us here and we dont actually think that these purchases are going to happen at the said scale. Get out there kristie and. The next time the i. M. F. Is right itll be the 1st time their projections are never correct and whatever they say its like the fed talking to anybody else theyre making for judges based on nothing the china trade deal may or may not go through china may or may not buy our goods in the meantime growth is slowing its slowing globally so it has to eventually affect the United States as well and of course boeings problems have not helped our growth either so you take all that in the consideration and where were going youre going to see potential slowdown whatever china does not get if prices will get lower than china will be a buyer if we can continue to compete with brazil and argentina and everybody else versus the grains this is always been the case and we will see you know these numbers are never easy to calculate because a lot of comes back to the price of the dollar the price of the rielle and other factions that are involved in the buying of grains and things like. So they can commit to whatever they want but theyre not going to overpay just to make the deal work so despite phase one of the trade Deal Offering investors i guess we can say its at least some level of stability right its certainly not over phase 2 was where things are going to continue to kind of amp up here it is affecting investor appetite as Foreign Investments have fallen to a decade low and its somewhat alarming because developing nations are going to be impacted the most so who do you think is most at risk here. Well i think great now is you know to me if i look around the globe everybodys in trouble except for so far the United States i would say this that the next big move that the markets make here is going to be the lower however there are still a lot of money whether its foreign whether its American Worker is coming from there was a lot of money still flowing into the u. S. I thought hes and theyre still making new highs and this can continue for an extended period of time no matter what the actual economy does remember the economy and the markets are not necessarily related until somebody decides that theyre related and for no theres only one place to put your money youve got to go to us likely as well as can you get any return its not a good situation in my opinion but right now today that is still the case actually contrary to what you just said in 29000 and now in 2020 weve seen record outflows from u. S. Equities into u. S. Bonds and this is despite of the fact that the market continues to ramp up and this is probably on account of corporate buybacks or the simply the fed pumping money so is this even sustainable and what do you think about this entire rotation over into treasuries. Again the rotation of treasuries or some people that want to think that theyre trying to be safe we could talk about outflows but youre talking about mutual funds not that inflows from hedge funds and other things so again theres a real fine line that you can draw based on that at the end of the day there are less equities the buy there are still corporate buybacks to for. It is still on the free money train and money is still overflowing into equities and of course you continue to hear the same rumor weve heard for is money yours is our markets have been or is mine in the sidelines while the fact is theres always money on the sidelines that go into a market and as long as the fed keeps this low money policy youre going to continue to see buybacks coming in because again if i can borrow the money at 3 percent or pay a 4 percent 7 what am i going to do im in a brahmin to buy my stock back and i think thats going to continue and when we talk about bonds we did have this announcement coming in last week when the treasury announced it will be issuing a 20 year bond for the 1st time in 34 years to help pay for the 1. 00 trillion dollar budget deficit well now issued a total of 2. 00 trillion in treasuries and 21000. 00 is expected to do the same if not more here in 2020 so question time is whos buying these i mean chinas appetite is obviously slow japans appetite is slowed who is left to fund the u. S. Well again you know if you see theres always a little bit of money and of course were china going to go if they want to stockpile some care somewhere are they going to go where theres negative rights are they going to bring it here this is the whole argument again the bonds are in a bubble theyve been in a bubble for a long time and youre starting to see it but again when youre borrowing money and people want a place to get some sort of yield theyre going to chase after him i dont agree with it i dont think its the right trade myself but again theres still money there that will come in and one of the you have to remember you know its the old story right if you owe a bank 5000 they own you if you own 5000000 you own them all right now you know china is a good draw because we owe them so much debt but where are they going to go i mean there are not going to make us to fault so theyre going to continue to keep money here to keep the u. S. Economy strong no matter where it comes from well it seems like most active managers are actually sitting on record levels of dry powder dry cash on the sidelines right now because they simply dont know where to deploy them right now equities are at record high and right now left ridge is actually. At record lows theres record levels of outflows out of u. S. Equities so every continues to sit on the sidelines here where were going to go. Well again i think that the money will continue to flow into us equities i guess whether theres dry powder or not again i dont you know i dont always believe the numbers that are given to me because again you can see it by the price action and the markets going up so again we can we can choose to believe that there is or there isnt but lets say that there is well again very have to get yield or theyre going to lose their Customer Base so theyre either going to put it in the u. S. Equities or theyre going to try to you know you might see some money start to flow in the some emerging markets i mean they may have indeed bought and now you might see some money flow back into china that maybe were going to start to see some action you know between the u. S. And china but overall the number one place will still be equities here until proven otherwise and weve been trying to say for now 11 years people been calling for the end of this market that the world is coming in and yet here we are another set of new record highs and another so again you can look at whatever you want but at the end of the day most of the money is flowing here because were just going up and thats just the way it is i guess we have to ride it out on tell this market melt up and taught how its. Been trading thanks so much thank you. Well it seems like there is a whole new trade war on the horizon but this time its between the u. S. And the e. U. Right now the European Unions trade chief is working to avert an escalation of that possible trade war specifically between the u. S. And france and all of it started over a digital tax so heres what happened france passed a Digital Services tax that would target Tech Companies essentially like google apple and amazon as a result President Trump is now threatening to hit france with new tariffs in retaliation these tariffs would hit about 2400000000. 00 worth of french goods and now france is threatening that if that happens france or the rest of the e. U. Could respond with tariffs of their own as a bloc with the european trade commissioner phil hogan excuse me says that the next few days will be critical in determining whether or not the e. U. Can broker an International Agreement on taxation of Digital Businesses hogan went on to say in an interview with bloomberg quote next week is a very important week to try and see could we come to a positive outcome on this im not going to prejudge the outcome and joining us now is hillary ford or the with the British AmericanBusiness Association hilary that they have here to talk about pledges and all right so the 1st big question all really about to see a trade war take place here between the u. S. And france and certainly you know the trumpet ministration appears to be go with out on a limb here to fight a fight on behalf of privately owned Digital Companies well actually it reminds me of what i generally hear she just said right after dropping the bombs on paul harbor you know i say weve awoken a giant which proved to be true until hogan of course is the bully irish trade negotiations its a new one at the so the e. U. Has going for as they have this this rather tough new negotiator hes far tougher than theyve ever had before however youve got to look in any deal who has the leverage the u. S. Purchases 3 point. 2000000000. 00 euros worth of french wine and thats 2 and a half times the next biggest nation that purchases and thats the u. K. Which is 1300000000. 00 what are the u. K. The u. S. About to do were about to form a global trade deal so the e. U. Really is on their back foot so phil hogan has to do something to have a trade agreement hes already said that he is willing to talk about agricultural issues although he said hes not willing to talk about agricultural tariffs but hes going to have to do something because he knows he cannot lose for all of europe those wind purchases little and the auto deals the auto makers suffering because the u. S. Has already threatened robot lighthouses already threatened not only have we impose those tariffs on the e. U. But also we may impose towers adventure on european automakers just think of the germans would react to that and my answer is all of us have been to europe and a lot of our viewers have all those that are based there how Many American cars drove us over there have you ever seen a mercedes or a b. M. W. Here i would say so its so much easier to sell into the u. S. And trump is right this has been unfair for years and now it needs to be rectified now is the ultimate compromise here that the e. U. Will negotiate a Digital Services tax that will be completely uniform across europe and wouldnt that actually go against french or sovereignty well thats the problem with europe you see with the e. U. Is yes its undemocratic and yes there is an individual sovereignty at all there never will be so youre absolutely right its not going to be about french sovereignty and dont forget the french really only produce the locks have their main exports are of course Food Products and fashion products so yes it goes against french sovereignty and theres not much that the french can do individually because its all under the either hillary or my head is exploding at the thought of this the trouble ministration is using language essential he says that look by france imposing this Digital Services tax its clearly no question about it its clearly targeted towards google towards apple and towards an american high tech giant it has to be because you have to be a large enough company to be able to even have the tax and. Yes so its very targeted so the target ministrations as well look this is a targeting of u. S. Companies and so were defending u. S. Companies yes hilleary these companies dont even pay taxes here in the united. States and was on apple they dont pay anything why are we using the power and the strength not just the bully pulpit but the strength of the force of the u. S. Government to go after another country to say you can impose taxes on this private company that isnt paying corporate taxes here last year or youre going to and youre right about the corporate taxes its what we talked about before which is the double is the called the double irish dutch sort of loophole its totally legal but american Corporate Giants they have headquarters in ireland then they they have a tax policy which puts all the revenue through bermuda in the long run they pay no taxes anywhere so its not just in the u. S. Federal tax rate or anywhere globally there by the way and they all hit trump well so why are you actually literally bought i will say what they do is of course being headquartered here in the u. S. They employ thousands upon thousands of americans who pay taxes remember one number 2 they work with us vendors and they do their deals predominantly with us vendors who those vendors pay taxes like myself my company lots of little companies do all the vendors pay taxes and then all the employees of all those vendors pay taxes so it definitely is within i think the bounds of a totally consistent thing about trump hes totally consistent it is consistent with an america 1st policy thats for certain because this is about all the jobs and all the other Companies Paying taxes here in the u. S. And now meanwhile despite the months of crippling protests and the walk out across france over the efforts to reform the Pension System frances president man on the crown is now telling outside investors that france is still open for business apparently so how important is this effort to keep the economy moving forward is absolutely critical kristie and yes hes absolutely been saying that one thing hes not going to do is say dont come to france and wed like this like strikes to continue hes not 2 going to say that what are you going to give him credit for though he just recently i think it was the other day he was just. He was talking to astra zeneca. Employees of course thats the british swedish ill go before. Company and do his efforts actually one has to give him credit because cocacola is investing now over a 1000000001100000000. 00 in france then astra zeneca announced a 500000000000. 00 investment over 5 years and toyota just an announced 1cww dollar investment so hes doing something right hes hosting also all these Global Executives using besides the inducement i think google executives netflix astra zeneca as well so the answer is absolutely Mission Critical for him he actually also deserves a bit of credit because he has now held his ground on a lot of these fronts Union Workers off to 48. 00 days of striking theyre running out of funds theyre running out of morale and some of them are actually crossing the picket lines and going back to work so i think hes actually going to i believe turn for all those around because you can all finally succeed with socialistic policies just like in the u. S. So there will be leaving these high tax states in the end it will fail we will see how it turns out really for we were member with the british or American BusinessAssociation Pigs again for your. Pleasure of ed because the. Time now for a quick break but hang here because when we return googles c. E. O. Says that Artificial Intelligence regulation needs to take a balanced approach so what is he looking for lawmakers to do and what has google promise it wont do with a i will tell you more. And her extradition hearing in canada on monday morning more than a year of being after being arrested. In toronto and well get a belated and as we go to break heres a number. This is a story about what happens auster a stray bullet kills a young girl in the streets. What happens to her family and daughters in florida you know the mother daughter is buried in a cemetery in. 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 than him and what happens in court be. Shocked shocked as far as i feel. We dont know just from. The end of this trial unfortunately you. Will still not know. Is youll be via a reflection of reality. In a world transformed. What will make you feel safe. Isolation community. Are you going the right way or are you being led. By. What is true what is fake. In the world corrupted you need to descend. To join us in the debt. Or remain in the shallows. And welcome back googles c. E. O. Son our push i says that when it comes to Artificial Intelligence there must be a balanced approach he went on to tell the european audience in brussels that ai can bring negative consequences you think in part of a shy said quote since it will regulation must also be must also take a proportionate approach balance the potential harms with social opportunities didnt say what those opportunities were but it did go on to say that regulation could incorporate existing standards like europe stuff general Data Protection regulation rather than just starting from scratch but shai has been meeting with european leaders along with other Silicon ValleyTech Company Executives like brad smith of microsoft so in reality there is likely trying to head off broad based crackdowns by the e. U. On the Artificial Intelligence technology in 2018 google pledge to not use a i in applications related to weapons surveillance that violates International Norms or in other ways they go against human rights. I guess the big question is do you believe everything that hes saying they mean this is the same man who was running operations within google where he said they were not working with the Chinese Government in the period they were then they seem to scrap that once they came out it just seems like a lot of the things he says look good in the public view but then theres other activity going on contradicts if you listen to the statement there is a lot of dull speak in it because he says we need more regulation but then he goes on to say how good how dangerous it is to not use ai and it would actually be a detriment to not consistently advanced technology so hes actually kind of double talk himself into the regulating the entire space deregulating that perhaps to some extent but on the other hand i get this impression from. Jeff bezos right from Mark Zuckerberg over all these guys who run these Tech Companies seem to have the same view which is that they want regulation as long as they and their teams get to write it because they tailor it to kind of what theyre doing and so it regulates everyone else but it gives them a free pass when they have the funds the ability of the technology to pursue certain i do think that for him this new c. E. O. He is actually much more in line with the shareholder with the corporate shareholders in their agenda right now because theyre apparently cutting back on a lot of the google spend that theyve had on the unicorn thats the previous cofounders theyve actually place so apparently theyre trying to conserve everything and delegate 7 and deliver that towards furthering i think is the head of where the shareholders want to go. On age 51 is the youngest ever president appointed at Samsung Electronics monday as former head of mobile development rose seeks to defend samsung lead in the handset market from emerging rivals most notably huawei he has championed samsung strategic shift to outsource more phones to Chinese Companies to cut costs as well as ports significant resources into Telecom Network equipment business which is aimed to capitalize on the Security Fears hobbling away now while i meanwhile is battling allegations by the us in order to secure contracts across europe to build its new 5 g. Now. Work the u. K. Is expected to reach a final decision soon and the guardian reports that Prime MinisterBoris Johnson is likely to approve the use of equipment despite the pleas of the Us Government samsung held a 21 percent market share in the 3rd quarter by huawei expanded to 18 percent despite the ban prohibiting u. S. Firms giving access to technologies like googles android. Yes fission hearing for a while weighs chief Financial Officer began monday in vancouver British Columbia more than a year after men arrested the court battle began to see if she will be sent to the u. S. To face charges are not are to. Report. The 47 year old chinese executive was taken into custody in vancouver back in december 2018 she has been under house arrest since then now shes been held in canada under suspicion of fraud related to allegations that she violated u. S. Sanctions against iran denies these allegations now many suspect that the request for the arrest by the u. S. Is politically motivated with her with the china and the u. S. Being in a trade war at this time to try to one so far as to say that this is political persecution heres Chinas Foreign Ministry spokesperson who learned that moment has a consistent and clear position on langes those cases and the u. S. Learning into abuse one bilateral extradition agreement and tomorrow which you rarely make horses measure until against the chinese citizen severely infringe on the chinese nationals who only get it right and the interest is the current proceedings are to figure out should be extradited by canada to the u. S. The province of British ColumbiaSupreme Court is looking into this in vague coover and theyre focusing on that next step which would be extradition or not much of what happens rests on a motion of double criminality in other words with the crowd that maggie is accused of in the u. S. Also be a crime in canada now her lawyers are expected to argue that she cannot be turned over because the charges simply dont qualify canada does not have the same sanctions against iran as the u. S. So according to that argument she should be released from custody Canadian Department of justice lawyers will be arguing for her extradition now the canadian government has promised to stay out of the Legal Proceedings but that said canadas federal justice minister. Has the last say whether an individual is surrendered to the us or not now the case has caused a major rift between canada and china and china has been asking canada to release mang from the get go but with the us and china trade battle now canada stuck in the middle that says the release of mang is a precondition to improving canada im trying a relation but no matter what the outcome the major fear from canadians is if she is released then the us will be ticked off at canada and if shes held and sent to the states well then we have a problem with china and how to add to all of this there is also question of 5 g. Networks. Canada is in the middle of deciding whether to allow weiwei to persist participate in its new 5 g. Network so as you can see theres a lot of twists and turns in this case from beginning to end and we wont know the outcome most likely until the end of this week if meeting is actually going to be extradited or not. So christie i know you would love to live on the moon if it were possible but if humans like christie were ever able to actually live on the moon what would their vehicles look like according to lexus they would be exactly what you would find in this i find movie sleek and shiny and apparently branded with the lexus logo take a look at some of the 7 lunar vehicle concepts that the lexus european advanced Design Studio has out for a name came up with everything from this one that kind of looks like a mascara tube to the one Design Concept that was published look at this a motorcycle like vehicle called 0 gravity and this bike of course does not have wheels it was designed to be ridden like a motorcycle but instead d uses magnetic levitation kind of like something from tron right but we live only lexus could create something cool looking here on earth if you want to ride a maverick car around here so what do you think of those i mean theyre theyre pretty incredible you can see them on the the wall behind us i mean theyre cool looking right i want to tell me right rather than one of those that i actually only drive like this you really only like i said if they get just me if they could just make something that look cool here on earth maybe more people would drive and just. Because theyre not exactly known for forward thinking design theyre the best selling cars in china actually. Thats it by this time you can catch a boom bust on directv chow 301 dish network out to 80 or screen 247 on planet t. V. That the t. V. At down to 39 or as always hit us up at you tube dot com slash boom bust our t. And well see you back here next time. Plus need new source people buy is no good keep the slime you force new the focus on the best of you so hes the one to get what. You see in the film was not the most good moment. For a. Young. Boy. You know change who you dont let us. Know whats. Next as a financial Survival Guide stacey lets learn a salad fill out lets say on the troika and here please grease some banks have the fight street spot thank you for taking. The story thats right. Slavery. Live i love. I. Changing of the guard russia has a new government which was just a rubber stamped by president putin. At the Un Security Council the west continues to defend the chemical weapons watchdogs report on syrias duma entered into 2018 despite the watchdogs own former inspector calling get closure dictionary. Before it was in the front of it reports were contradictory were completely. Into. The story. As the u. S. Secretary of state meets venezuelan Opposition Leader american firms get yet another wave on the sanctions that hit everyone else