and in january two thousand and seventeen and is set to run until march two thousand and eighteen there was worry about member states and associate nations undertaking a lax a days ago approach exports were cut to speed along the recovery of oil prices and to stem the global overflow of saudi arabia says six point six million barrels per day will be cut in august that is almost one million below its levels two years ago brant crude for september futures were up forty four cents on the day and they rose from a session low of forty seven sixty eight exempted from this deal though due to massive civil unrest are nigeria and libya and that will not change under the deal. the federal reserve has already achieved one of its two mandates with the unemployment rate at just four point four percent the fed has essentially maximized employment and the measurement of inflation used by the fed over the past year has

shown iraq is of one point one percent year over year that's around one point nine percent of an increase edging it closer to the target of two percent but what does this do while it slows consumer spending as people delay purchases anticipating a price drop the fed kicks off its last policy meeting this week and this inflation situation will no doubt take a prime spot on the table the fed bumped up interest rates twice this year but one is not expected on the heels of this powwow. we need to talk about death and taxes or the death of a tax bill rather some say the talks from both sides of the political aisle are killing at other say it's just on hold and need some reorganizing but something that both sides can agree on is reform is over or do we need to act fast joining me

to discuss here in the studio is connor brantley executive director of america's youth pac and from st louis we've got ed martin joining us former missouri state g.o.p. chair and the president of eagle forum thank you so much for talk with me ed i want to go to you first we've got a republican president time for you to step up here i want to touch his tax reform basically which was a lot of people said a press release we got kind of a one pager how are we supposed to do anything comprehensively with that. well look i mean i think when donald trump ran on america first agenda and on taxes it was the same thing if you if you listen closely and these are policy preferences one is get the tax corporate tax rate down so that american business so that businesses stay where american jobs are all right i'm going to go now to connor i want to get his thoughts on the rest republican president essentially the one pager we got. on these on these taxes we've heard some more details from capitol hill on

this but how are you going to actually bake a cake with these ingredients i mean i'm supposing you're pretty skeptical on what we've got so far yeah absolutely i mean you correctly pointed out it's pretty much a press release and we've seen this sort of proposal before it's the same thing that we sold during the bush era it's the same thing that republicans talk about every four years every two years really and basically what it is is it's another version of trickle down economics so more tax cuts for the wealthy and in fact we have the great thing about the bush tax cuts is that they've happened and we now we have measurable proof of what of what actually happens and we saw where seventy three percent of the tax cuts stand out of the bush the bush era tax cuts went to the top percentile in the book so this is just more of the same nothing really new and quite frankly i'm not surprised as eighty percent really. you know so let's talk about some of the five hundred thousand dollars faces nearly a forty percent tax in this nation. is that rich or is that wealth i mean what are

we talking about you know two people make plenty of money but still they're in their tax bracket don't you think these tax brackets are going to speak even to the tax and spend crowd they're going to say look we need to lower these brackets and increase business tax i mean isn't that something the democrats can get behind absolutely and i have said publicly many times that i think there's a lot of room for cooperation here i think there's bipartisan agreement that the corporate tax rate is high the united states has one of the highest in the developed world but there are are serious issues with what the republicans are proposing and again in all. back to the trickle down economics theory about if we give people at the top more than wall do better down the line which is proven not to be true and in fact when the bush tax cuts took effect income inequality grew significantly which is which is a huge part of the problem that we're facing right now and the tax rebates that in two thousand and eight which were supposed to correct a lot of what. a lot of time and i want to go to you on this we're talking about

these bush era tax cuts what do you say to those accusations that you know that it's trickle down it's bush era tax cuts it's going to increase the deficit what do you say to that. well look i mean the biggest the biggest problem we have in this country is the corporations that are using the tax burden to get overseas and stay overseas russia look america first i started to mention we want jobs in america which means the corporate tax rate puts all of our businesses at a competitive disadvantage after that the estate tax is so unfair because it taxes people twice really more than twice so all of these things but i disagree with connor it is shown especially under reagan when you on leash the tax code and stop the preferences for corporations and others everybody is lifted now i agree we ought to make the corporations be fairer get rid of loopholes and all but what we need now most of all is tax reform and so he disagrees with you on this and you have mentioned in the past that you feel that these if they rely on consumer spending often these tax cuts that just motivates people to buy foreign products

but isn't that kind of like an america first approach to that for sure but the problem those is that when you the idea is that if you put more money in the consumers' pockets they're going to spend the rest saves more and or save more which is great for the individual but if you're looking at is a holistic approach when people are saving more they're not spending and when they are spending a lot of it is on foreign made products so while yes there is an economic advantage to cutting taxes i think everybody can agree with that cutting the taxes across the board including those the very top really doesn't do much to boost the economy and in fact it actually does a lot more to harm it in fact in two thousand and six we solve value of a dollar begin to decline because of a downward pressure put on it by the deficits in large part created by the bush era tax let's talk about those loopholes you mentioned we both know that the rich guys at the top can hire the lawyers and use those loopholes and what if we say ok you're going to finance

a lower taxes for certain brackets but no more loopholes and do you think that that's a valid argument and using the moderates who voted for trump but still want you. they they are moderates and so do you think that that's a way that democrats might be able to sell something like that absolutely look i am and why are we hearing more about this so i am all for eliminating loopholes and you can save the children do i think i'll cross that i've got a something but the problem is that actually if you read trump's one pager it's basically creates a whole a whole new loophole i think yeah i think the answer is yes i mean there are areas where they can work together that being primarily one of them the loopholes and exactly what talk about this repatriation tax you're talking about you know alleviating taxes on business but what about bringing them back and giving them no one's going to want to leave ireland when you've got a one percent tax ok that's not going to happen but let's say this repatriation tax what do you think about this so i mean look i think at the end of the day what what we can't do is say we can't be one sided now right because we know that at the end

of the day is what trump does have a valid point and so that people like bernie sanders they have a point when they talk about that but at the end of the day we have to be reasonable and we have to understand that if we if we impose new taxes especially whether it's foreign made american made that eventually goes down to the consumer so this isn't a sort of a one size fits all check the box and saying read my lips no new taxes that we're going to push one maybe but in a different way at reuters yeah absolutely real quick twenty seconds what do you think about cutting recess until these guys and girls get their get their assignments done well i think it's i think it's a shame really i do i mean i think that we sent them there with a big agenda and if they're not going to do it might as well go home exactly i agree and it's interesting to see if trump's threats on twitter well ever come to fruition of. you know if we don't and we know how to hold our breath on that thank you so much brantley executive director of america's youth pac thanks for joining us. but now after negotiations scheduled to begin next month

a number of trade issues between canada and the united states are already the subject of debate in business circles. on both sides of the border although all indicators point to a modernization rather than a rewrite of the agreements negotiators are preparing for some tough talks coming up so we've got to bring an r.x. he's alex and i live each with more on this for us coming from toronto now look what are some of these issues that may cause friction between the u.s. and canada during this we talked trade talked resources across the board but what's really come to the surface now you know is that we've talked about this at length already you know that there's some improvements to the good to the agreement to include new tax as well as when it comes to any type of deficit we know that the united states would like to see those be wiped clean but there are other factors in there as well and really it comes down you know one of the top factors is the agricultural industry in particular dairy canada has these tariffs and when it

comes to a certain degree the american bill coming into this country it is doing big time with duties and tariffs that's one aspect of it another aspect of it would when it comes to new technology one thing that's not included enough to alter ultra filtered milk well that's used in cheese and other dairy products that was actually being flooded through a loophole into canada the canadian the dairy industry complained that all this american product coming in here was killing the industry to the tune of two hundred million dollars annually so they did their own thing and they come up with their own laws and agreements that then hurt the american industry when we're talking about imports into canada so of course the american dairy industry wants to be able to have more access to the canadian market market should already any country should also wind that's another big one this is a little bit of a touchy issue when it comes to canada with the wind for example in british columbia only british columbia unwinds can be on supermarket shelves that means that this disclose anything from the states or from other canadian provinces or

from other countries so this is a provincial issue when it comes to liquor and wine and beer in canada that's mandated mandated by provinces not. by the federal government so this is going to be interesting to see if they could actually include this in the battle or not third we're talking about the dispute mechanism so dispute resolution mechanisms when you look at it right now of what really comes down to the softwood lumber industry how the treat is and the duties and you know when you have dumping happening there is a mechanism that's in place and so chapter nineteen basically the two countries involved put together a board and then they look at what's going on and then it's not at all subject to any type of judiciary and then they come up with some agreement and this is a problem and this is something that the states wants to see eliminated handled in a different way. and i'm sorry kate but i so i got two more for you and then vestments investments are a big one in canada again there's a lot of protectionism when it comes to cultural investment so for example

a certain percentage of music played on the radio has to be by canadian artists but also telecom telecoms a huge one it's a monopoly here there's only a couple of companies that hold it so when it comes to investment the americans want a chance to invest in canadian telecom and under other industries as well also another is a chapter eleven which is one thing that people are a little bit iffy about it's come down to suing so if a company wants to do something in canada or in the states or in mexico for example the feel that the government is actually the barrier it's a barrier to them making a profit they can sue that government be it environmental be it something to do with workplace hazards that's not a good one that would be sort of across the board for canada mexico and the states it would be good to see that gone three things one americans are litigious and we'll see how they latch on to that too i thought canada was a bare nation not wine and the music thing on the radio is really shocking i think the viewers out there would be fact one of the day thank you very much for this

update interesting as always out coming at us from toronto thank you. we're going to break now but stick with me because when we get back swedish streaming she. spotify is trying to ink a deal with warner music in a push to get into the u.s. stock exchange and my guess talks of the death of the mall and the future of retail hold. up the numbers at the closing bell. is. the most. but. it was. kind of

a. she refused. to. wear the blue you won't get a good one for immigrants and it's. never really know for sure but this is. going to have no idea. that. facebook is a global community of two billion and facebook is in bed with the corporations in america to filter news to make sure people only see certain news and not other news and they shape their reality a bit two billion people so that community that you talk about is basically dead.

it's a very rough terrain so it's rough climates and you have to fight for google for them if. it was gunshots on top them and so very fresh they would have been going to have been even not i. don't let me back up. you know i don't want to see a bit of what is in this world and is ready to put you straight in the good. old to live good wouldn't. you don't think about these you'd be so good on no you got three teams and you know another patient.

what politicians to do something that. they put themselves on the line they did accept the reject. so when you want to be president i'm sure. most somewhat want to . have to go right to be close with what will befall three of them or can't be good . i'm interested always in the waters about how. there should. slur used to be a professional hockey player who won a stanley cup and a moment the girl who was living the dream but his success had a dark side and the time i was fourteen to sixteen i was raped one hundred fifty times by a coach of mine i was mawson in a dark room and so you know every time i close my eyes i can sleep after many years of silence he speaks up and unites with other victims so you are going from toronto

to ottawa walk in an hour walk and victor walks to create awareness and promotion you'll hear on the subject child sexual abuse this type of behavior is. some of the sentences that are on the down to the justice system. swedish music streaming company spotify is one step closer to securing a us stock market listing the world's most popular music streaming company is set to sign onto a new licensing agreement with warner music now it's got to have a royalty deal in place before scooping up a spot on the exchange the streaming firm which was recently value that thirteen

billion dollars is pushing for a fifty fifty revenue split but warner wants two percent more spotify basic access is free but with advertising interruptions meanwhile paying subscribers are saved from the pain of the war of the streamers is a major battle here in the united states ventures by apple and amazon are protected by money coming from their other platforms to use in the growth of their streaming projects a deal on warner and spotify is expected by september. and it's a switch from subprime subprime mortgage loans plaguing the u.s. housing market ten years ago this time around it's lenders handing out risky auto loans to borrowers with bad credit who have not had proper job histories checked or even proof of income in some cases this is predictably followed by a rapid default around ninety days later as there bundled into securities for

investors worldwide wall street has offered the practice a big hug and according to walls fargo two point five billion dollars of subprime auto loans were sold in two thousand and nine look at those defaults fast forward seven years and they've jumped to twenty six billion another case is chrysler automobiles and balco santander the two have created a giant. the subprime auto loans since around two thousand and thirteen now earlier this year santander was hit with accusations by delaware and massachusetts over its lending that it walked away from that discussion with a twenty six million dollars fine to pay neither admitted nor denied wrongdoing. the mall the teenage hangout of the eighty's and ninety's is in trouble fifty

percent of the twelve hundred across the country are expected to shutter by twenty twenty three now what can we expect six years down the road and what happened here is one lighted legal and media expert lionel of lionel media always a pleasure to have you know everyone is blaming the internet to blame the internet . not necessarily you know that the whole notion of the amazon of the world as being a culprit but lindsey ask yourself this is one of those subjects that so easy ask yourself this in the old days i remember when the mall came along and the mom and pop stores would say what about on us what about the the hardware store in the record store or the mall said that's tough pops these are different times get with the program you're toast ok goodbye mainstream america as here comes the

mall well now look what's happening now the malls are being shuttered anchor stores are leaving their dissolve discount malls are taking over some are thriving the t.j. maxx is another's are doing terrific but also there's a new trend not necessarily the end of the mall but in main streets and different community hubs were the stores are more open the idea of this institutional armory type of you know we're older people would walk in the morning when you went to cool off i mean the notion of the mall believe it or not and to what extent still is a community anchor versus commerce so all you have to do is just notice it but then ask yourself you know yeah hip up and comer who wants to go to wall mall and is that it has really just because where you live but it's a different story altogether well i don't have a preference for hanging out with teenagers but also you do notice that some of the

stores you want to see they don't view it as prestigious to be in a mall so they'll go to their own shops downtown to get that latte walk around but here's the thing lionel one of the biggest most iconic examples in the great united states is the mall of america in minnesota it's a vacation spot for some people they go there to hit the mall that's not doing too bad apparently sailor ok. well you know me a bit sales might be one thing activity is another because there's a lot of people who say we're going to make still the malls are hot but you know my wife has the best approach ever when we go to a mall because we'd always do this research she says look for shopping bags anybody buying anything that's the key look around nobody is there any bike they're walking around they're looking and i mean also trace of me here in new york you should see what's happening to regular retail down fifty seventh street super duper high end stores they're closing but also there's this thing called the amazon ization of

america and terms of all sort of e-commerce we used to have these people who said i've got to feel something i've got to be there i've got to be in the just like they were talking about books i have to feel the book and smell the book and touch the book now you look at you like what are you talking about the same people used to do that to an extent nobody's suggesting that commerce is going away but also let me taste of the hour of amazon you do realize amazon is taking over the world look at blue apron really even the threat the threat of even them going into and competing with you can affect market prices but when they did a whole foods just look at what's happening right now and i don't know about you but all i see is nothing but one green amazon box after another so all of the things which we have done and all of the behaviors which we were involved with in fact just a boom bust is about this not this is nothing but chronically new behavior you just

talked about spotify this talk about the mall about the way people shop and for a younger clientele that's the only way to go but here's the here's the thing what are they doing to deal with this what are they doing that's why as i was going to ask you what's the remedy you've got retail going you know unbox unrented. what are they going to do i mean it's like an urban blight situation tear down the wall five what are going to do to your downtown dead looking like a bandit and i mean it's already like you know the day after you know this used to be the mall but what's happening right now is that instead of these folks just like mainstream media to an extent they're invested there's no way the only way they the only way they can compete is to shutter their doors to share and they can't do that so they're trying to full of themselves and to think you will be if you just keep maintaining this look congress has changed drastically right now saying about this

what you were seeing overnight in terms of the way commerce is being done the way people are buying the would be are the people are shopping the whole notion of everything from from clothing and to do food it's all changed drastically but what's happening right now is those stores going back to those anchor stores and a lot of the stuff i think predates a lot of folks watching this but there was a time when there was a sears ad that was on this and that was the anchor and little by little when you start to see those gold gold the way of extinction everything else follows but also let me go back to what i said before in a lot of smaller areas i'm sure in the d.c. area as well you'll start to see these little like main street areas these these living communities streets where they'll have shops and and it's more of a little miniature city first is all malls you'll see this where you'll see an entire strip or a couple of blocks of different fiddles specialty food stores. bakeries or whatever

it is that's taking on a different that hipper that's different still not the expanse of the mall so retail is not dead by any stretch of the imagination but if you put all your money so far in brick and mortar what are you supposed to do know what do you do when you're at the mall in your city they say great what do i do how do i seventy what i really don't. i think they could turn them all into an entertainment center you go here in d.c. right down the street from our studios you've got the outside mainstream main street sort of thing and then you've got horizon center it's got the hockey it's got the movie theaters it's got the bowling disco thing kids do nowadays couldn't that be a way to flip this it's ok to drive people lead i want to go back to my wife's. look things are good out of the day look for the shopping bags look for what's happening that's terrific look if i'm going into i want to put my store in a mall i don't want to contribute to an ice skating rink i'm not in the ice skating

ring business that used to be the magnet and i invite you if you've ever seen the mall of america if you've ever been there it's an experience it's really a yes it's not just a ball they don't call it the mall of america for nothing and when that goes dare i say that's the bellwether that's that's the litmus test but right now i still find this so sassan a thing just recently with the notion of blue apron being scared by just the notion of amazon amazon by a whole foods he would think that was just untouchable even that's not safe because what's happening we're staying in doors less socialization less communal commercialism right you and i both know that when you buy real estate in a lulu lemon and a whole foods come in you're going to make a jackpot about five years lionel of why no media thank you so much for your time

that you. that's all for now check out the show on youtube youtube dot com slash thanks for watching see you next time. it's a very rough roads around you sort of rough climates and you have to be trying to be able to them if. it was gunshots on top of them and so many friends they would have been going to we may have been and you don't. you know i don't when you see a better body in the truth when these are the two punches read in the good. old two

new book. you don't think about these movies so good on you've got three to play and you know another patients. facebook is a global community of two billion but and facebook is in bed with the corporations in america to filter news to make sure people only see certain news and not other news and they shape their reality a bit two billion people so that community that you talk about is basically dead. so. yes to all this is all the.

legal. leg. lifts. the art of the metal from above that. i love but that comes up slowly.

i. love god. doesn't love. that. book no magic solution to the refugee crisis can be found italy's interior minister warns at international talks and articulate travels to rural areas of the country to gauge their migration from. the us is set to vote on further sanctions against russia but the e.u. warns of which allegation against washington if the move hurts european businesses . iraq's vice president calls for a bigger russian presence in his country ahead of talks with the. league.