Suggestion now is that this one strike that was initially planned by transport workers and is now encompassed Teachers Health work is the firefighters and even the police could now start a ruling strike in the lead up to christmas and going on until the new year as the strike his attempt to make the french government rethink these Pension Reforms if that happens it will be the 1st time that france is seeing such massive paralyzing strikes across the country since the french Government Back in 1995 try to do exactly the same and tried to reform the pensions for the moment here in france people are adamant that they want to have their voices heard and it seems like today theyve come out to the streets to make sure thats happening. For boom bust in paris. Meanwhile china continues to push for the completion of phase one of the u. S. Trade deal sticking to the demand that tariffs. Have got to be rolled back a new round of u. S. Tariffs are scheduled to kick in on december 15th and it would impact around 156000000000 in chinese imports on wednesday President Trump walk back comments that a trade deal might not be done until after the 2020 election the new stance is that the talks are going quote very well u. S. Negotiators claim that they may be close on a deal and negotiators do expect that phase one deal they say with china to be completed before the mid month deadline among the issues still being worked out or talks on how to guarantee chinas purchases of u. S. Agricultural goods and exactly which duties to roll back. Well meanwhile japans cabinet has approved a 122000000000. 00 fiscal package on thursday which would help to boost the worlds 3rd largest economy and issue though is how to sustain Economic Growth beyond the 2020 tokyo lympics this fiscal package is similar to what other Major Economies have used by reviving growth through spending and Central Banks rapidly run out of Monetary Policy options japan is attempting to use the stimulus to boost Infrastructure Spending spending on education and also training for young people as well as for Workforce Retraining of the older generation and this is seen as a way of providing a short term boost for the economy as well as having a long term impact as well the spending will spread over a supplementary budget for the fiscal year to march and an annual budget for the coming fiscal year from april both to be compiled later this month and here to help us dig a little bit deeper into what this means on a macro scale plus some other things were happy to welcome Todd Horowitz chief strategist over above the trading todd thanks for being here great to be with you guys as always so lets talk a little bit about this is this issue with japan there is there i guess i should ask you a value to japan moving forward with this stimulus strategy and do you believe will have the Long Term Benefit that they claim it will have. Well lets go back to 99 and there are the ones that started this ridiculous fiscal policy to begin with in 1009 this was their 1st attempt at trying to manipulate the currency to manipulate whats going on so here they are 30 years later still in the same problem they were then they cant get growth they cant get anything going because again its too much interference they already own i think about 55 percent of the stock market theyre trying to prop up everything you cannot borrow your way out of that you cannot prop things up artificially you have thought the markets decide where theyre going to go but of course the Central Banks will never learned as including ours they want to continue to meddle around and make a mess over there which is exactly what theyve done which is why they continue to have the same struggle they had 30 years ago yeah the original bubble or i think took place in Global Markets came from japan lets talk a little bit about the trade deficit reduction thats a place we are actually seeing a little bit of that right now though right. Well yeah but again you know you again we look at though theres the same problem right weve weve got this problem going on globally now you have everybody trying to raise their currency don every central bank is trying to manipulate around that which what that what does it really do it really is nothing will really does it penalizes the average person who is holding regular money because it makes their money worth less so once again its a ridiculous artificial attempt for a government to manipulate into a currency into a market whereas if they would just leave the markets alone their marks will figure out where they should be and where they should be priced and how everything should work itself out and then you know when you talk about the manipulation of markets obviously that affects as you said savings which ultimately robs people right of their savings but i want to also get your thoughts on whats happening today in france we you know we just have this report out of there its pretty incredible the city of paris completely shut down 450000 people in the streets a lot of this is the result of a manual mccollums attempt to reform the nations Pension System he thinks hes going to make he says the system more. Fair the unions that are there right now say leave it alone dont touch it what say you. Say 1st of all right were an order of country that they dont work anyways so where were the pensions coming from you know at the end of the day the government never knows whats best that is the problem that were seeing again globally governments are trying to take over everything which is really just a way to reduce money reduce the debt thats out there in their own way by eliminate the cash which are actually holding so again i dont ever want government interfering in anything but of course youre france is and is are in their own category because they have so many benefits and no work that much to begin with but i can understand why they are on strike you know i dont know their entire system but it isnt like our shows are curious im here is a disaster well and its everybody there i mean its doesnt matter what industry or sector youre in youre part of this pension plan it also appears that the u. S. E. U. Trade differences are being worked out somewhat german chancellor and angle of merkel said that the prospects are improving when she met with the president this week do you believe the u. S. And e. U. Theyre going to be able to bridge their differences in terms of the trade deficit. Then mike do you know again this is a President Trump is aside to take a very hard line at whats going on here and i agree with him i mean i agree with the president you know we cant sustain without the help of other nations i get im not saying we want to do that but i think its about time that they started to chip and do the right thing and quit capitalizing because we may have more money than they do i think this is one of the issues that we continue to deal with this is why president troublous taking such a hard line weve made enough bad deals with the e. U. With germany which china over the years that its never worked out to our favor or even even you know weve never had an even deal were always giving up the edge as we say and i dont i think that thats incorrect i think its about time that we got to fair and free markets and free trade you want to charges 20 percent as an overcard were going to argue 20 percent bad as an overcard you want to just do a straight even swap great i think debts the way it should be and again we have these these these politicians they get involved which is you know present trouble is the anti politician hes more into just lets make a deal and lets make it fair for both sides and i dont think it get any simpler than that is the same as a prob with nato right they just they would just do what youre supposed to do wed have a perfect relationship yeah deadly a big difference between socalled free trade and fair trade but before you go i want to ask you about the luxury jeweler tiffany and company kind of going now into the micro scale here tiffany is currently being bought by louis baton owner l v m h but just missed Market Expectations for quarterly profit sells it seems that a lot of that is the result of lower spending by Foreign Tourists in the u. S. And also in hong kong why does l. M. B. Age even want to bother with tiffany and company at this point do you think. What they defeat is a stable and i think a look at some point the courage or and come back into some kind of order right the dollar is still well over priced to the rest of the world so it because it is good to become much more expensive but at some point we will get a balance and of course things like someone get back a somewhat normalcy i guess but that would i mean tiffany is been around forever they are Great Company theyre well run and of course once you start to see the dollar start to lower in value you will start to see the sales accelerate ones going to tiffanys because if people are going to buy something for somebody they usually want to buy at tiffanys they like that little blue box a lot of its in the brand told horwitz about the trading thanks so much for your insight. Thank you so much. Well General Motors and south koreas l. G. Chem announced thursday that they will invest 2300000000 to set up an electric vehicle battery plant in ohio that move would create one of the Worlds Largest battery facilities and would be located in lourdes hill ohio at a site near g. M. s closed Assembly Plant which is also in lawrenceville construction on that plant will begin mid 2020 it will employ more than 1100. 00 people g. M. C. E. O. Mary barra says that the 5050 joint venture with l. G. Cameras aimed at dramatically and hansing electric vehicle affordability and profitability all of this coincides with james plan to introduce 20 new electric vehicles globally by 2023. Well time now for a quick break but hang in there because when we come back in yet another front on the trade fight we follow up on the realm of telecom as wall way has made a major move against the u. S. Government are to course want to ceremoniously oka linzess a hand to sort through the latest in wall ways a lawsuit against the f. C. C. And as we go to break here are the numbers at the close. In this community there are people who believe that its ok to sell fracking its really hard there are no jobs and. See the kids. And as a parent. I can come up with arguments and theres a lot of conflict within the game and between the 2 things most of the conflict i would say. Is made. Close one of the childrens children is Good Business the state of california alone makes 6000000000. 00 a year of the prison complex just to get some 25. 00 where. You dont care. Anything. My feeling with this world is what now is were so confused and fearful and the certain generation thats controlling all the Politics Around the world when one generation dies off and children are brought off the smooth really are less materialistic dont really care about these things concrete even more automobiles want to live by the side job want to ride a bicycle in the special its something we can benefit a citizen of the minute a. Book just doesnt fit the bill for if. You thought the whole doping can russia think was over forget it initial part of the full military truly are complete but i sure have the most feel some of the models of it is. Russian methods eligibility for the International Competition says its stake this includes events like the to kill in pics and the fifa world cup in qatar if i am and we can all just not there when you can one of those just as it was 4 years ago in moscow antidoping plavix at the center of the scandal so who tampered with the duping samples database and one does greegor you want she could have to do with it and you know shes stupid but as we start to pull zameen it doesnt. Mean that hes the fish on the machine he will ship by to expose me on the shuttle to the pollution a danish no. Welcome back so get this while way is theyll sue in the f. C. C. The company is claiming that the us governments ban on carriers from using money from the universal service fund the u s f to buy equipment from both while way n z t e is unconstitutional the universal service fund provides a point 5000000000. 00 for the purchase of equipment to build communications interest. Dr especially in Rural Communities there about is the ok joins us now to explain why why we reps are saying this band goes beyond the f. C. C. Is authority and violates the constitution sir well then the lawsuit comes as no surprise as just last week when while we reportedly said it plans to challenge that f. C. C. Decision while we see Fleet Officer song leaping announce a lawsuit at its headquarters and shenzhen china he called the order a violation of the constitution. When passing this the situation theyve z. Z. Z. The north of are we close is all very far the feds but they are very loudly and very publicly labelled our company is. So good of you throughout. The days these older violates that comes the delusion. And they have no choice but to see the you go. And just last month the f. C. C. Declared a National Security risk they voted to block rural u. S. Carriers from using the 8500000000. 00 annual subsidy funded or the u. S. Have to buy equipment from wall way the last 2 in the u. S. Federal court in new orleans says the f. C. C. Acted improperly and outside of its Authority Chairman said both walk away and the t. Have close ties to the Chinese Government and military apparatus and are subject to chinese laws requiring them to assist with espionage he went on to say the f. T. C. Funds should not endanger National Security through the purchase of equipment while weasley counsel glenn they are calling the lawsuit a shameful prejudgment the f. C. C. Is a Communications Agency not a National Security agency and its based upon unsound unreliable and inadmissible accusations and innuendo not evidence which control or form the basis for actual factual findings its simply shameful prejudgment of the worst kind. Nagre again reiterated that the f. C. C. Has no authority to act as National Security agency yeah that really becomes the central question here right whether or not the f. C. C. Even is overstepping its bounds and authorities have they responded to this so far what are they saying well the United States actually uses u. S. Secretary of state my pompei o who is currently in portugal actually said that he thinks that the Chinese Government will not hesitate to have while we use its backdoor is take a listen to what he said weve spoken to great length about the risk. That comes with bringing in 5 g. From trusted networks we must all carefully assist assess the risk of chinese investments in the strategic sensitive areas and ask hard questions. Make this point because the Chinese Communist party will not hesitate to use any tool at hand to oppress their own people and others around the world. We want to make sure the chinese economic leverage is never used to suppress democratic voices anywhere in the world. I mean if he doesnt want to suppress them why he didnt and portugal and portugal have become the latest european country to resist that while we ban the United States keeps pressuring its allies to not build its 5 g. Networks with weiwei and you know sanctions are only getting higher with china and the us in the trumpet mr nation has really ramped up its campaign against weiwei and its kind of fascinating how you know while on one hand the u. S. Government says they dont want these back doors there the attorney general bill barr is demanding a backdoor into all encryption for whatsapp and facebook ceremony thanks so much thank you ben. Well meanwhile the f. T. C. Is taking a look at amazon over possible antitrust violations over its Cloud Computing business 8 of us it was 8 of us is without question its the largest Cloud Computing business on the market where u. S. And i trust enforcers have already begun scrutinizing amazon dot com but theyve now extended that probe to the Cloud Computing side of the business and that extension of their look at amazon it signals that the f. T. C. Is already taking a broader look at the company to determine whether or not amazon is violating antitrust laws and harming competition 8 of us accounts for 60 percent of amazons operating income and is on also sells an array of products that run on top of those basic services such as databases Machine Learning tools and Data Warehousing products. Well Central Banks have come under plenty of heat in recent years most notably in the u. S. And europe and this is cause some uncertainty for the future of these institutions but what would this scenario truly look like kristie i managed to catch up with International Investor jim rogers in singapore a while back and asked him about this issue. So if you take a look back at history of quick in 1908 we had wall street they actually bailed out. One of the main hedge funds back in the day which was the long term capital and then we had in 2008 as you point out the central bank they bailed out wall street so we have a name and brothers and then we have. And then on j. P