Probably would have been worse and the reason for that is when those cameras which work on lidar and radar when theyre blocked because of ice and snow you need to have the skills in order to take over that vehicle if theyre not going to teach people how to drive cars anymore youre asking for a lot of problems so i think before you jump to the Autonomous Car concept maybe just call a new birth if you dont want to drive. Lauren fix the car coach i love that car coach great brand and we hope youll come back thanks for joining us take care any time thank you to. Time now for a quick break but stick around because when we return well examine britains trade options as brets it approaches plus well ask brian martin of trinity Asset Management if the bond markets are about to make a big move as we go to break here the numbers check out oil still above sixty it. At the closing bell. Los angeles the city of luxury and fame but also an Alarming Number of People Living in the streets. Simple fact in l. A. Hes theres just not enough shelter even if people on the streets right now decided to come in theres nowhere to come in its been a struggle. This man phoned his own response to the problem and constructed dozens of tiny homes for people in need of shelter when you have nothing in order to go. You know having Something Like this may as well be a castle but do the authorities accept such solution. On a city parking space is not a solution. Someone wanted touring the site otherwise itll be a free for all theyre a better alternative to end the homelessness crisis. Its the cradle of jazz. We. Knows this jazz feel. The city of climatic testify is alligators on the loose. And crying for use by the least twenty homes. It was a mob close most. Of street racing in the face of the night this is new orleans supplement the best place in the world. Hey everybody im stephen bob Taft Hollywood guy you know suspects every proud american first of all im just george bush and r. V. Im going to say this is my buddy max famous financial guru and well hes a little bit different im not a. Good one no one knows up with all the drama happening in our country and im shooting the brood have fun meet everyday americans. And hopefully start to bridge the gap this is the Great American people. Hello my names peter and ive been living in bushnell for about seven years and this is a film about just some of the crazy things ive got soaked through in the time. Let me just published or did you cry because if i had such. A stance is not sufficient. Please. Chinas crackdown on pollution has put the nation on track to be the number one importer of natural gas for twenty twenty eighteen potentially overtaking japan the current leading importer of natural gas china is already the largest importer of coal and Oil Worldwide but increasing demand in domestically has forced china to import more than forty percent of its energy needs in twenty seventeen alone experts estimated that the country will have imported more than sixty seven million tons of gas that has come after china started a massive Green Initiative last year hoping to cut down on the number of companies and households that have been dependent on coal in an effort to clean up their air and boy if youve been to beijing they need it. The Brazilian State Oil Company has agreed to pay two point nine billion dollars to settle a Class Action Lawsuit by investors in the United States who bought petro bost securities between two thousand and ten and two thousand and fifteen the settlement is reportedly the fifth largest ever for a securities related lawsuit and the largest ever paid by a Foreign Corporation in the United States the payout is the latest consequence of what has been called operation carwash the scandal in which top petro boss officials conspired with outside firms to overcharge the company and then exchanged kickbacks and bribes. Petro boss Officials Say car wash bribes may totaled nearly three billion dollars plaintiffs lawyers argued that carwash corruption was a significant factor and petro boces loss of ninety percent of their market value between two thousand and nine and two thousand and fifteen the carwash investigation revealed a vast network of corruption implicating partners including the Massive InternationalConstruction Firm ota brecht which alleged dealings in turn spawned investigations and scandal across south america and brazil for example the carwash investigation who resulted in more than one hundred convictions and other charges against the sitting president michel temeraire to merit voided prosecution but was criticized for a christmas decree just days ago on pardons that the Brazil Attorney general said could undermine the carwash case important to have strong attorney generals the head of the Supreme Court later suspended key provisions of the decree. Britain is reportedly considering joining the Pacific Trade Group after brooks it this comes as the country is considering its trade future outside of the European Union but would this move be in the countrys best interest archies ashley banks joins us all borrowed according to the Financial Times of britain were to join the t. P. After brags that it could possibly help revitalize the partnership and could likely bolster exports in the United Kingdom as well the country has been and formal talks about joining of the trade group the proposal for britain was developed by liam fox his department for International Trade and if britain does move forward and join the t. P. It would become the first member of the group that doesnt share a border with either the Pacific Ocean or the South China Sea great hands a u. K. Trade minister told the Financial Times there wasnt any geographical restriction on britain joining the t. P. Piecing quote nothing is excluding in all of this with these kinds of a plural lateral relationships there doesnt have to be any geographical restriction however many trade experts are skeptical of britain joining the t. P. P. Just last year the t p ps future appear to be in shambles when us President Donald Trump pulled out of the trade pact yet in november the remaining eleven members which includes all strauss mexico and japan they agreed to pursue a successor deal some argue the tepee would impact blue collar jobs while the u. K. Engages in trade with p. P. P. Countries that pales in comparison to its trade relationship with the e. U. Members and the us for example lets take a look at japan now according to mits observatory of economic complexity it has a largest economy and the t p p but it can account for just one point six per cent of the u. K. s goods exports in two thousand and sixteen and during the first half of twenty seven thousand and the u. K. Exported. Most one point seven billion euros and services to japan which equates to about a tenth of the sixteen point six billion the u. K. Services industries export it to the us now the u. K. Cabinet having yet discuss a britain potentially joining the t. P. P. There are meant secretary michael gove a set late last Year Parliament would have an effective veto over any trade deal now the labor party criticised the british governments interest in the t p ps saying it should focus closer to home specifically on britains key future trading arrangement with the e. U. Now Barry Gardiner the shadow trade secretary said quote of course t. P. Could be helpful but it is not the main event and at the moment the government is making a hash of that and the former lib dem leader tim farron said quote this smacks of desperation these people want us to leave a market on our doorstep and join a different smaller one on the other side of the world its all in the sky thinking part of this time it is illegal for the u. K. To sign trade deals before it leaves the e. U. But things could change come twenty one thousand post brocks at. Our bond markets about to make moves brian gold martin proposal manager of trinity Asset Management joins us to discuss brian thanks for being with us happy new year hope youre staying warm there and in chicago one of the people works here said their fathers the temperature in their cars said it was nine below over the weekend before we get to talking about bond market specifically youre a well known Investment Advisor give us your take on markets in general and in the u. S. And around the world please. Well i think their equity markets. Are Pretty Healthy right now you know it relates to the to our bond market discussion but yellen and bernanke both said during their their years at the fad that they needed help. In terms of fiscal policy from congress with with their Monetary Policy stimulus so they cut rates as low as they can you know obviously zero you cant go lower than that although there were lower in europe but now youve got the fiscal stimulus that two fed chairs have practically begged for four years so you know the tax the tax bill tax reform should be a big deal although it should be should be a stimulus to both the economy and to corporate earnings s. And p. Five hundred earnings aloa it may take a while to kind wind its way through the system but i think you know i think youre the world globe the Global Markets the u. S. Market s. And p. Five hundred are very healthy valuations are reasonable and i think the one fly in the ointment you know the one thing that could cause a problem is the bond market what you did this or in arresting opinion piece brian on markets and and you i love analogies and metaphors and you likened the bond markets to an old mafioso saying about a snake and waiting and you tell us more about that because i think our viewers might enjoy it. Well you know you and i are roughly the same age part you know i graduated with a finance degree from from a small small school in ohio in one thousand nine hundred two when i was studying money in banking and economics volcker was pushing the short term rates up to twenty percent so youve got an entire generation of investors who know nothing but bullish bond markets and lower rates and you know that the whole metaphor the whole analogy about the snake lays coiled you know i think its going to come from the bond market when there is a problem and you know people when i talk to clients they just they have no conception that that rates that a ten year treasury yield could get up to five or maybe even seven percent although changes in the u. S. Economy in the in the years that you and i have been. Making a living have kind of have fostered very low inflation rates but that can always change to me that to me its about a lot a lot of investing is about expectations and a lot of it is about sentiment and i think that theres an entire generation of investors in the u. S. Market today they just dont have. Dont have a fear or worry about what higher Interest Rates could do so thats where you know thats what i worry about but youre mafia references that make it the battle between the naples mafiosos and that there is always a snake waiting in the grass and you think that the bond markets are sort of the snake net waiting in the grass but coiled up and ready to strike which i love that brian now look the differences in the yields between the longer and shorter dated bonds like the two in ten have fell in december to their lowest in the the yields are closer together between the two in the tent but what does that say about the slowing economy if anything. Well i dont i dont think its about the slowing economy of part you know and we call that yield curve flattening so yeah youre youre exactly right i think the two year yield is roughly is closing in on two percent i think its one point nine percent where the ten year yield went out today about two forty four so is the is the ten year yield has come down a little bit that the two year deal this push up so you weve had a flattening but i dont think its about a slowing economy i think it what it is its about inflation you know. Again you know you and i are roughly the same age amazon has had it in my opinion has had a tremendous impact on the Consumer Price index in the last twenty years just look at retail bankruptcies. You know when your competitor channel channels did a show today and said that they expect thirty three percent higher Retail Store Closings in twenty eighteen then twenty seventeen people just arent going to arent going shopping going out shopping like they used to and you know i think that thats the Amazon Effect thats been growing and growing for the last five five or ten years and its had its actually pulled down consumer inflation so. To your point i dont think that the flattening yield curve is about slow a slowing u. S. Economy i think its worries that inflation wont reignite and i you know and thats what i worry about thats where i think it might be wrong all right brian we want to have you back and got lots of other things to talk about you coming on stay warm Brian GilmartinPortfolio Manager of trinity Asset Management thanks again. Thanks mark. This weeks Powerball Lottery is worth over four hundred forty Million Dollars founded in one thousand nine hundred two the twenty six year old state lottery has generated billions of dollars over the years but thats just the tip of the iceberg in twenty sixteen americans spent more than seventy three billion dollars on lottery tickets seventy two times more than the one billion dollar jackpot for that year some states have spent more than one billion dollars in lottery revenue on Public Education while pennsylvania has spent more than two hundred sixty four Million Dollars on housing rebates for older disabled citizens if youre going to play this wednesday i think its later this evening ten thirty or eleven be ready to lose the chance of winning is two hundred ninety two million to one. Thanks for watching if youre sure to catch boom bust on you tube at youtube dot com slash boom bust r. T. Catch you next time. Because gold is periodic album number seventy nine and has unique attributes that make it great for money they think a big point it would not more in a vacuum it has got forty years of history to it and its evolved through all these technologies its a unique protocol and it like gold it is attracting a huge amount of capital for for the for this achievement and you cant say that you can simply go out there and create another one there are competitors of course just like there are competing species on planet earth for energy and survival but theres only one the apex predator that is at the moment before he dies from all the garbage. Its the cradle of jazz. The americas the america we. Knows just jazz feeling. A city of climatic testify is alligators on the loose of poverty and crime are used by the least twill members of my friends close most. Of street racing in the peace of the night this is a new orleans song from the best place in the world. Their arms military chief declares that we can own and. Government protests are over we look at how the demonstrators were encouraged from abroad also to come on r. T. A rise in Violent Crime in one of germanys regions is linked to an influx of young male migrants according to government backed research and the u. S. National security adviser says washington should reveal what he calls insidious russian meddling to prevent further interference. But i welcome to day here in moscow youre watching international. Now irans military chief says the civil unrest which has blighted to the country for a week is now over but it has come at a cost of at least twenty one lives this protest repeatedly turned violent and there are still reports of small demonstrations last night when the armrests began as a working class protest against declining Living Standards and high unemployment but they widened into antigovernment rallies u. S. Leaders were quick to throw their support behind them because on the situation in our reports they downplay the key reason behind. When they ask for a better economy when they ask for the government to spend money on their own country as opposed to terror exploits overseas or in other countries sure we would certainly do when they say that to you i support mat im not going to go im not going to see thats why youre trying to trap me into Something Like that im not going to go there to try that is no that is not our that is not our policy but we hear what the iranian people are saying poverty corruption and Economic Uncertainty have the potential to trigger protests in the world over. And they can quickly turn ugly. But the International Reaction to such unrest seems to depend on the country in question this is the precise picture of a long oppressed people rising up against their dictators so with all the money i mean in any country people can protest against high prices but when have a such them astray sions happen i