about your sudden passing i've only just learned you worry yourself in taken your last wrong turn. you're out to you as we all knew it would i tell you i'm sorry suddenly i could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feelings started to change you talked about war like it was again still some more fun to view those that didn't like to question our arc and i secretly promised to never be like him it said one does not leave a funeral in the same as one enters the mind it's consumed with death and this one quite different i speak to you now as there are no other takers. claimed that mainstream media has met its maker.

ok there on one thing france is the boss broadcasting around the world right here in washington d.c. tonight saudi arabia is showing a bit more drive to cut those oil exports and opec pushes forward its agreement to stop the flood of oil on the market also we've got some interesting new details on a possible nafta deal and my two guests too are going to go head to head from opposite sides of the aisle to talk about tax reform and the need for congress to put the pedal to the metal now you can buy the bus starts right now. the turtle.

saudi arabia has stepped up to the plate it is actually delivering on oil production cuts as part of the agreed extension by the organization of petroleum exporting countries to cut one point eight million barrels per day the extension began 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 or nigeria and libya and that will not change out of 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 powell.

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 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 you know donald trump ran on an 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 republican president essentially but 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 at their tax brackets don't you think these tax brackets are going to speak even if 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 it all stems back to the trickle down economics theory that 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 happened 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 you know 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 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 of 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 climb 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 trunk 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 me on maybe but in a different way and rather so yeah absolutely real quick twenty seconds what do you think about cutting recess until these guys and girls get their get their assignments done oh 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 if 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 agreement negotiators are preparing for some tough talk coming up so we've got to bring in our tease alex and i will watch 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 these negotiations we talked trade talked resources across the board but what's really come to the surface now you know as we've talked about that this at length are ready you know that there's some improvements to the good to the

agreement to include a new tack 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 in the agricultural industry in particular dairy canada has these tariffs and when it comes to a certain degree the american milk coming into this country it is doing the 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 in nafta is 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 as

a 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 of 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. really comes down to the softwood lumber industry and how the trade is. 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 want to see eliminated handled in a different way. and i'm sorry but i said i got two more for you 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 there's 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 and 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 giant spotify is trying to 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 to check out the numbers at the closing bell.

is. a little bit cooler than. it was but i guess we're kind of on this side of this yes. she refused. to. wear the blue. it's just a good area for immigrants and it's this we've never really know for sure but this is. when i sort of know i think. that.

it's a very rough roads around you sorts of rough climates and you have to try to be able to reflect. it was gunshots on top them and so many friends who would have been in the end of the. and you. wouldn't be able to come. you know i don't when you see it but according to you the truth when it's needed to put you straight in the good. old to me the good food if. you don't think about these things you'd be so good when you go through life and you know the you know the basic.

swedish music streaming company spotify is one step closer to securing a u.s. 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 valued at thirteen billion dollars is pushing for a fifty fifty revenue split of 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 sub prime sub prime 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 lay. as they're bundled into securities for investors worldwide wall street has offered the practice a big hug and according to malls 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 or another case is chrysler automobiles and balco santander the two have created a giant their 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 to enlighten 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 lindsay ask yourself this is one of those subjects it's 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 all of us what about the the hardware store in the record store and 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 an extent still is a community anchor versus commerce so all you have to do is just notice it but then see ask yourself you know yeah hip up and comer who wants to go to wal 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 only buy they're walking around they're looking and i mean also face of the here in new york you should see what's happening to regular retail down fifty seventh street i mean the super duper high end stores they're closing but also there is 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 price but what 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 those things which we have done and all of the behaviors which we were involved with in fact this will 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 unbought unrented. what are they going to do i mean it's like an urban blight situation tear down the wall find what are going to do to your downtown dead looking like a bandit and i mean it's already like you know that 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 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 mainstreet 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 fit especially food storage. 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 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. looking is it out of the bay 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 fascinating 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 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 line 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 was all be all. the boss at.

least. yes to all this is all the good. old little. league. people with stories to tell. the tale so deserved her and. our. insight. still has a new suit for the skin of. the players. you see first and this is simply

they're here to speak are you there to hear. the warhawks sell you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles they're going. to do socks for the tell you that would be gossip and probably by itself a little bit. of the off the bat doesn't tell me you are not cool enough to buy their product. all the hawks that we along the border we'll watch. it. facebook is in bed with the. people. and their reality. is basically.

the u.s. is set to vote on further sanctions against russia but the e.u. warns against washington if the move her. quote no magic solution to the refugee crisis can be found interior minister warns out international talks in our travels to rule areas of the countries to gauge the effects of. u.s. anti eisel raid in afghanistan and bloodshed as washington's accused of killing eight locals in an airstrike we hear from survivors and also.