Military has taken decisive defensive action to protect u. S. Personnel abroad by killing so a money the head of the iranian Iranian Revolutionary guard corps could force a u. S. Designated Foreign Terrorist Organization general so the money was actively developing plans to attack american diplomats and Service Members in iraq and throughout the region the d. O. T. Release added that general stolen money was responsible for the deaths of hundreds of americans and coalition Service Members as well as the wounding of thousands more following the announcement that from the u. S. Irans foreign minister Mohammad Javad zarif commented on the attack friday in toronto. Americas action. Is an act of state terrorism in violation of iraqs sovereignty which is murdering her sons who dedicated their entire fighting terror any russian terror is. Through. To be outdone u. S. President donald trump held an address at his palm beach resort moral law go on friday rationalizing the attack and issuing a warning to anyone who would harm americans divided leadership or murders policy under review is to terrorists who are harboring to do harm to any american. We will find you we will eliminate you we will always protect our diplomats Service Members all americans and our allies. So let me just been. Perpetrating acts of terror to destabilize the middle east for the last 20 years what the United States did yesterday should have been done long ago. Now Global Markets are reacting to the assassination as equities tumble and are now swimming in a sea of red with few pockets of green around Energy Stocks utility and defense names recenter min is now fragile as geopolitics has come back to the table now this is something that could have major across asset implications among those safe haven currencies such as the japanese yen jumped to the highest in months as a message flock to safety with the holidays in tokyo this may 4th then conditions exaggerating the move the swiss franc also search a 4 month highs and the hong kong dollar hit a 2 and a half year high against the dollar even the alternative safety asset is rallying up almost 5 percent meeting the entire market up u. S. Bond yields fell to their lowest in 3 weeks now as the Market Participants are now calculating the risk of retribution from the iranian side gold another safety asset is now sharply higher as a jump over 1. 5 percent as investors dump riskier assets in equities for the precious metal gold continues to rally after its enormous run in 2019 as analysts. The main constructive with the late cycle concerns Political Uncertainty and slowing growth to support demand the fear gauge of wall street the vix was up 18. 4 percent friday as Energy Stocks popped on fears that an oil spike might spark a recession like it has historically back in 1017 that risk is also heightened as the Global Economy has been struggling amid a Worldwide Manufacturing slowdown. And now from our well miss were joined by former pentagon official Michael Maloof welcome thank you so michel there is a ton to unpack here as we go over this attack but before we get into the economic advocation and market moving why was this an act of war it could lead to it and. Just 2 weeks ago for example you had the secretary of state pompei o and netanyahu talking actively about regime change in iran and and they the iranians and the iraqis the israelis rather and and the United States for years have monitored. Actions activities in fact he was openly invited into baghdad and arrived at a judge very openly and but yet the United States chose now to. Take action against him whereas in 2 administrations prior even the israelis they could have done something years ago but they never did why because there were fearful that it would lead to the conditions that were seeing today salute now i want to talk about the Economic Impact here because obviously a business and finance show now weve seen oil markets move pretty substantially today and things are going up what are we seeing here and how important is oil to this situation where the oil is going to be more important to other countries in the world then to us because we produce are in mono were not exporters i think that if the iranians take retaliatory action of of some kind the say in the persian gulf that street. War moves basically blocking through mining or sinking ships which could be one of the responses to what and just occur it will bring virtually overnight an economic depression because youre because of 40 percent of the oil comes through there for other countries that are net importer soil china would be dramatically affected and the world economies would be very affected by this literally overnight so they iranians have weapons and i think they may now begin to demist plus they could hit refineries Oil Refineries and what have you in the g. C. C. Countries in countries that are housing u. S. Personnel they want hit the americans per se but they may hit in directly those structures the oil structure so the the its very very were at a very serious moment here that the iranians could do things without directly confronting the us but attack its the economic basis for the world if they cannot if they cant survive economically no one else is going to. So weve watched as the u. S. Markets theyve taken ahead following the news and its no surprise that some companies nyc Northrop GrummanGeneral Dynamics and monkey martin they have all had made some gains quite substantial gains of over 5 percent today do you think that its that war that war actually tries the market in this case is very. Very clear because if youre going to be didnt vesting in these. Defense companies youve got to have a crisis somewhere in order to justify the spending and were talking big bucks a lot of jobs and invest in your investors for example are going to be the ones that want to get in on the winning and make money so you gotta have a crisis somewhere in order to justify it and thats thats the concern that we have here are we as a as a. People prepared to go to war so that some few investors can line their pockets this is a question people have to answer for themselves and i know what i think you should be the case because at some point youve got to say you nuff enough its going to be an interesting dynamic because every single time there has been a war in the history the markets have always rallied as a response but on the flip side with the oil with the oil crisis now and what potential Oil Embargoes this might lead to the same situation as back in 170 has led to why well you know and this is what were talking about i mean it could it could really have an impact i mean the chinese for example important 90 percent of the oil maybe more and its and if this is cut off and Saudi Arabian oil and the other major source of theirs would be affected the only other source that would not be affected is what theyre getting out of russia right now so this is china and russia have a have a lot at stake here as well absolutely former pentagon official Michael Maloof thank you so much for being at leisure. And we need to catch you up on the latest happenings in the u. S. China trade war President Donald Trump earlier this week said he plans to sign phase one of a trade deal with china at the white house on the 15th of january it is unclear which high level representatives from the Chinese Government will be present for the signing however recent reports say chinese vice premier league. Could be in washington to make the deal the news marks an easing of trade tensions between the 2 nations but in a tweet announcing the player signing of phase one President Trump said he will be traveling to beijing in the near future to begin phase 2 talks which could reinvigorate the contentious relationship between the 2 sides. Its been a turbulent start to 2020 with markets soaring on the 1st trading day of the new decade only to tumble and crush Risk Appetite lets see how we ended up over in moscow the mo axis up as oil surged over 4 percent giving a boost to its index heavyweights russia has expressed concerns over the assassination and in a statement said that the us actions have the potential to seriously aggravate the situation in the region now down in japan the nikkei is down 5. 7 percent for the week after ending 29000. 00 at 29 year highs auto lost ground and led the declines with honda mitsubishi and suzuki all falling by more than one percent way heavily on manufacturing retail also solid declines now Japanese Companies are growing more and more pessimistic about the economy due to worries over a prolonged china u. S. Trade tensions as many still doubt if a phase one will improve conditions over in china the shanghai asian equities were up over 2. 5 percent as chinas latest Economic Data showed better than expected growth momentum that easing of china u. S. Trade tensions lifted demands for chinese goods and boosted Factory Production in december with the next coming in at 50. 00 now this figure shows that manufacturing expansion for the 2nd straight month after showing contractions for the last 6. Called the hang seng traded up for the week primarily led by Mainland Chinese Companies while the markets have been battered by the rise in civil unrest the numbers are in and hong kong still remains number one for i. P. O. Listings in 29000. 00 new york for the 2nd year in a row there is already about 160. 00 companies that have applied to get listed on the hang seng for 2020 already giving investors confidence in the strength of the Hong Kong Capital markets to weather the slums now over in india the sensex is down for the week as the u. S. Airstrikes dampen appetite for risky assets and pushed oil prices up fears of a supply disruption. Global investors turned risk adverse on fears of a geo political conflict and fled tech and healthcare names in exchange for utilities and Consumer Staples down australia the a. S. X. Is down over 1. 2 percent despite gains and gold and oil Global Economy still remains dominated by uncertainties and the i. M. F. Now expects the australian economy to grow by 2. 4 percent in 2020 and finally the shares and south africa are flat slightly up as the gold rally pulled up south africas metals mines and material sector the rand is now under tremendous pressure as volatility and uncertainty returns to the market and investors rotate from risk on emerging markets over to risk off to safe haven now over to browse with the rest of america and europe thank you so much kristie markets of the e. U. And the americas are a bit of a mixed bag for the holiday week in paris we see the cac slightly down for the week after hitting record highs there was a trader selling off big chunks right before the new year only to get a big bump on news of a phase one trade deal signing later this month but the u. S. Attack on the iranian general well it caused markets to slip before rebounding and in the week nearly even the german dax fared similarly for this week however was not able to rebound the same way we witnessed in paris when we talk about how the oil prices have surged this week its most Important Note that this has an effect on airlines had their worst day in a month on friday with their stock plummeting 6. 5 percent now the footsie in london also down facing the same issues as most of the western markets there were some bright spots though as food delivery just had reasonable gains and tobacco stocks in the u. K. Are doing well after the f. D. A. Announced a ban on flavored east cigarettes and i just want to point out were going to talk a little bit about that coming up in the show now moving to the americas in south america the brazilian vessel is not just up for the week its renewed historic highs of over 118000 points continue a trend that saw the index gain more than 30 percent over the last 12 months brazilian i. Nor Mining Company ballet headlined the games with their stock price moving up more than one percent on the week going north to the b. M. V. In mexico for the week even after their central bank warned that the recently announced minimum wage cut could create inflation issues and the Manufacturing Sector took a hit in the month of december now in the u. S. We have 3 indices here and we have the similar up and down experience as we witnessed in europe a massive sell off before the new year a surge in trade hopes and then after the assassination of general soleimani the nasdaq and s. And p. Were able to rebound to near even however the New York Stock Exchange and it up on the weeks the lightly negative were going to wrap things up north in toronto the ts x. Is down on the week basically the same factors at play but we did see air canada led the losses dropping 5 percent while Mining Company 1st Quantum Minerals which predominately mines copper fell by more than 6 percent on friday alone and that is your Global Market walk for the week. Time now for a quick break but. The saga of multinational business takes another turn at the internet if there is. A line. On how to help us break down the paper and how to get a break here are the numbers at the close. That gap. When you. Look at the distance was most of the book and movie about. Its going to states that. Theres. Just too little. But is physics physics is nothing but the harmony you can create on vibrating strings but its chemistry chemistry is the melody the melodies you can play on strings what is the universe the universe is a symphony of strings. Chinas shalmi is investing 7200000000. 00 into Artificial Intelligence and 5 g. Over the next 5 years as management intends to make shall. A Global Leader in ai shalmi which started off as an affordable cell phone maker and 30 percent of the china Smartphone Market now competes with it which has 42 percent its since expanded its brand to various internet enabled products such as smart t. V. s smart watches and smart rice cookers looking forward for 2020 shalmi plans to make 5 g. Phones more affordable and pioneer the field of connectivity and smart devices. And the United States food and Drug Administration will bar the sale of fruit and mint flavored east cigarette cartridges the regulatory body said on thursday the f. D. A. Said the ban will not currently affect the sale of tobacco and menthol flavored cartridges and would not restrict fruit or mint flavors from refillable tank based faithing systems so they will be focused focusing primarily on cartridge based systems like the products made by jewel health and Human Services secretary alex is our says the policy seeks to strike the right Public Health balance by maintaining the cigarettes as a potential off ramp for adults using combustible tobacco while ensuring these products dont provide an on ramp to nicotine addiction for our youth the cigarettes are currently a 6400000000. 00 industry in the United States according to analytics from wells fargo on the news altria group which owns more than a 3rd stake in jewel so their stock dropped by more than 2 percent before rebounding slightly on the day in december President Donald Trump signed a federal spending bill into law which will also raise the age to buy cigarettes and e. Cigarettes from 18 to 21 years of age. The Ongoing Investigation on auto executive carlos ghosn continues after he vanished from house arrest in japan just this week the fugitive stereoscopic is an open investigation but details continue to emerge are to correspondent salmaan to say ok a has a story. Former nissan c. E. O. Carlos ghosn sin left in japan on sunday. Right where he was on house arrest awaiting trial goes in faces 4 counts of financial fraud for misreporting his Salary Compensation and could face a lengthy jail term in japan he was arrested back in november of 20 teens earlier this week the former nissan chairman announced i am now in lebanon and will no longer be held hostage by a rigid Japanese Justice system or guilt is presumed discrimination is rampant and basic human rights are denied he went on to say i have not fled justice i have escaped injustice and political persecution i can now finally communicate freely with the media and i look forward to starting next week details of his escape are still emerging but heres what we know so far goes in secretly took 2 private jets 1st to istanbul and then to his native home of lebanon people familiar with a turkish probe claim goes an escape the country hidden in a box meant for audio gear equipment goes and who is a lebanese also holds french and brazilian passports french attorney for carlos goes inside his client of here to be filled with combative spirit after