i'm lindsey francis is being bossed broadcasting around the world in washington d.c. coming up to eighty five billion dollar deal could be a real jeopardy reports are coming in but the eighteenth tee time warner deal could be off the table if they don't agree to sell certain media properties and eight hundred billion dollars that is how much the coffers of the saudi government stands it's frozen the assets of dozens of officials businessmen and even royal family members for corruption but there's a twist those assets might be not so easy to get their hands on and amazon delivers a one two punch to the medical distribution industry stocks soared after a week showed its certification as an online pharmaceutical distributor to numerous house in like that stevia tap job i discussed this with my dad melissa harlow the

founder of the stocks were down by two bucks start right now. it's been a week of arrests and detainment of sixty prominent saudis including princes government officials and businessmen and now their wealth will become state property the saudi arabian monetary authority has announced a freeze on their assets valued at an estimated eight hundred billion dollars in response to their pending legal cases it will fill the kingdom's purse as it becomes state property this palace purge as it's being called is spurred by decrees from the crown prince mohammed bin salam solomon since june when he was declared heir to the throne he has as. acted to clear the country of corruption and of

course consolidate power after a prolonged low oil prices the oil dependent economy could benefit from any amount it reclaims it terms of borrowing on the international bond market andrew extensively from the country's foreign reserves according to government data reserves dropped from a two thousand and fourteen peak of seven hundred thirty billion dollars to four hundred eighty seven point six billion in august much of the arrested individuals assets are held abroad which will complicate those efforts to reclaim it. the u.s. department of justice may allow the eighteen tee time warner merger but only if one of the company's sells an existing property it is being reported now that in order to gain regulatory approval either time warner own c.n.n. or eighteen t own to direct t.v. must be sold this demand could potentially set up another battle for the two companies whose merger is at eighty five billion dollars if the d.o.j.

makes a formal demand eighteen d. and time warner will more than likely challenge the government's basis for blocking this transaction. and the offshore dealings of major banks and some of the world's largest corporations are being revealed and the over thirteen million leaked documents known as the paris papers the business and banking ties are also coming back to haunt hundreds of prominent individuals including political leaders such as candid as their e.o. prime minister alex and hyla which has the latest from toronto let's start with financial institutions come to light that one of canada's biggest charter banks is needed in this controversy due to the paradise papers what do we know so far what we're going to be motivated to montreal back in two thousand and eleven and bought a company called lloyd george management no g.m. as most people know it is the company who has subsidiaries in hong kong and in london it mostly deals with asian. business and the mother company the company the

shell company or the other i should say is in bermuda so it's in bermuda unlike the companies in hong kong or london the offices which have people in desks and stuff the place in bermuda has nothing it's just a mail box at a law firm that deals with offshore accounts believe it or not so right now what's coming out in the paradise papers as we're seeing that there's a few leaks from being only cleaning leaks from a two thousand and thirteen meeting that some execs had who are exactly the in the b. mo boards and the l.g.m. boards and for what reason because they need to make a parent's appearances in bermuda once every six months so that it seems that there's something legitimately happening in bermuda now b. will have a little bit of a tough time getting a lot of the exacts to go down but just basically reduce the number of people as they go down and within these meetings we actually came to light that they were

a little bit concerned that if they cannot continue doing this they might have to pay taxes and someplace like let's say canada where we all know that there headquartered so that's a part of the deal as would be all the other banks in canada the big ones that were mentioned but nothing came to light like what happened with the bank of montreal bank of montreal so because of those investigations go a little bit deeper right now we know that this was discovered as well the buell ran a two hundred eighty eight million dollar tax dodge and this is according to the canada revenue agency they're going to be taking them to court in june over rangelands than shell companies loans and stocks was so this goes a little bit deeper than just the paradise papers but it seems for the paradise papers are the ones that are starting to reveal all these shortcomings from that bank lots of these corporations if you begins on this left the apple how is the tech giant going for trade in the paper. apple starbucks i mean how the a lot of these companies that are doing this kind of thing going offshore trying to

avoid taxes and again i mean we've talked about this before lindsay this is completely legal but it's just one of those things when you look at it it just doesn't seem right when you have people making millions and billions of dollars not paying their taxes while people that are working their jobs every single day can't get away with this simply because we don't have offshore bank accounts but when it comes to apple itself you might think back to may two thousand and thirteen you remember the u.s. senate permanent subcommittee they were investigating what's happening with apple in ireland we know that apple is using arlen to avoid taxes there the subcommittee itself said there were ghost companies happening there but listen this is what tim cook said the big time c.e.o. of apple he said we pay all the taxes we owe every single dollar we do not depend on tax gimmicks we do not stash money on some caribbean island that's what he said back then and guess what they did after that they tried to find a nice caribbean island to have some money on it and the bottom line is that they never staffed in the caribbean they went to the english channel instead jersey and

that's where they started stashing their cash from that point forward you know these leaks leak after leak is basically showing you that this is the way people do business and it's important to know i mean this is one of many companies look it's right now if you look at just three jurisdictions this world netherlands ireland bermuda less than point three three percent of the world's population lives in these places but the amount of bank accounts that are there this is unbelievable thirty five percent of all profits that u.s. multinationals report earnings overseas last year one of those in one of those three jurisdictions those are all tax free zones thank you so much alex now that's coming out us from toronto thank you. after president onil trying tabs around how the had the fed eyes are now cast down the banks plenty of faith to sell on the board of governors so what's the next generation of. i don't preserve have in store and what can we learn from its story past here to break it down with me is mark

gotten a senior fellow at the me sensitive jay powell trump's nominee. pays what we're looking at right now but let's look at some recent history here according to al pew research rates under fed chair as paul volcker over sixteen percent alan greenspan fourteen ben bernanke around thirteen percent yellen eleven jay powell one of the fake. well jay powell is a continuation of janet yellen policies he's probably on balance of a better choice than leaving yellen position because yellen was complacent she didn't act aggressively enough she didn't unload the best she. so she was just holding steady when change was certainly called for in the u.s. monetary policy. or unemployment is below the natural rate so it's only four

point four percent inflation is tame and she should have acted she could have saved her job i think power will be a little bit more aggressive a little bit more realistic about what the economy actually needs he's been critical of the failure of the fed to unload its assets off of its balance sheet he's been critical of not raising rates aggressively enough so he is an elitist and he does come from wall street he worked in the carlyle investment group. but on balance i would say it's a slightly it's a slight improvement over leaving janet yellen in in place ok well let's talk about some of the you consider a fall carol volcker in the seventy's rates at historic highs like ripping a band-aid off that you said at that us god what's your opinion on how we ended up after that. well paul volcker we were in trouble inflation was eleven percent when he came into office and rising the fed had raised the

federal funds rate but had not raised it enough once you get into an inflationary spiral you actually have to raise the federal funds rate above the rate of inflation to drain money from the system and to reduce inflationary expectations and so his policy was to raise rates aggressively and what happened was he broke the inflationary expectations in the economy in a fairly short period time that was really painful i remember very well but the economy quickly recovered in the u.s. stock market went steadily upward from there unemployment. fell from ten percent down to about four to half percent and so that's the type of monetary policy stance that we need in the us economy we've built up such an enormous monetary base and we have such an enormous asset balance sheet at the fed that it calls for rather

dramatic actions and i would hope i mean if i was in there i would act aggressively and quickly to try to reverse these. trends and of course that too would be painful in the u.s. economy but it would be a great wake up call for the american people and the u.s. congress which is just continues to spend knowing that the fed is that it's back in and buying up government bonds and keeping interest rates are government bonds historically very very low ok let's talk about who you would put on that bench as the federal are going to have three spots here would you put on there if you had your choice. well the first thing i do is call ron paul and ask him to be chairman of congressman ron paul has been a long time advocate of a return to the gold standard which we temporarily went off in august of one thousand nine hundred eighty one so the door is open to returning to the gold standard and i think ron paul could navigate us back to the gold stared standard in

that he knows the implications of monetary policy. and the value of returning to the gold standard i would ask him who the subsequent nominees would be but i would certainly consider john allison who was the chairman of b.b. and t. bank i would consider dr joseph salerno for the president of the new york federal reserve which is a standing member of the policy committee and we would go from there and hopefully we would have quickly would have a majority on the board of governors and then work to use moral suasion in perswade to lure the presidents of the district. regs towards a war so you monetary policy which many of them have been at abu ghraib many words thank you so much mark jordan senior fellow at the muses institute. time now for a quick break stick around though when we get back we touch on president trump's

tour of asia as he touches down in china what's the topic of the day ahead a nuclear north korea and c.b.s. is terrified amazon a setting up the future of pharmaceutical delivery can the number two pharmacy in the nation catch up and what does this mean for investors my dad has a pretty good idea as we go to break here the numbers at the closing bell. about your sudden passing i've only just learned you were yourself and taken your last wrong turn. to you as we all knew it would i tell you i'm sorry 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 day. but then my feeling started to change you talked about more like it was a kid still some are fond of you those that didn't like to question our arc and i secretly promised to never be like it said one does not leave a funeral the same as one enters the mind gets consumed with this one to. speak to us there are no other takers. that mainstream media has met its maker. prescribe medication is widespread. a frequent cause of death at that point in my life. like everything was ash and my family was literally coming unglued i had actually planned. to commit suicide watch all who has made entry to prison

commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was surely all to what i did was. true in the illegal trade. just because. starting on thursday americans who visit cuba must now avoid hotels shops to work companies and other businesses on a lengthy list released on wednesday by the trump of ministration as part of a new policy it's aimed at cracking down on the communist run island government u.s. travelers will once again be required to go as part of organized tour groups run by u.s. companies and a representative of the sponsoring grope accompany those travelers this is

a clear return to the stricter rules that existed before former president barack obama and cuban president raul castro restored diplomatic relations in two thousand and fifteen the new rules and list of off limit entities are intended to put in place the tougher cuba policy that president trump announced back in june. on wednesday president trump landed in china for the fourth part of his tour across asia considering comments he made the day before this portion of his trip is likely to be dominated by talks over north korea. for she has more on that for us after stops in hawaii in japan president trump arrived in south korea on tuesday while he was there he met with the president and spoke at the national assembly in which he spoke very critically of north korea north korea is not the paradise

your grandfather envisioned it is a hell that no person deserves. yet despite every crime you have committed against god and man you are ready to offer and we will do that we will offer a path to a much better future it begins with an end to the aggression of your regime. to your development of ballistic missiles and complete verifiable and total the nuclear ization although the relationship between north korea and china has somewhat weakened the two still enjoy diplomatic relations so considering trump's speech in south korea all eyes are now on his trip to china for the next two days and by wednesday the spokeswoman for china's ministry of foreign affairs claimed that china has done nothing but follow the rules on the each china has been

completely strictly and earnestly implementing the relevant security council resolutions in fulfilling due international obligations with regard to the activities that were explicitly banned by the resolutions we always follow through relevant restrictions in a strict manner as for the normal state to state exchange outside the framework of the security council i believe it should be continued smoothly a source of tension though beyond aggression from north korea trump has claimed on several occasions that china is a currency manipulator he's also said that china has stolen jobs from the u.s. through outsourcing with cheap labor but so far so good fact a series of agreements worth nine billion dollars between american and chinese companies was just announced in beijing. in greece.

to be sure. however some of those deals were already in the works and it's unknown how they could impact the balance of trade if at all. because of this tour is unfolding what should we expect from trump while he's in china well i mean he really does only have one day left of his time in china so i think the majority of it he'll be pound around with president g. and his other government officials at certain government and cultural events obviously we're going to expect more talk on north korea that's going to certainly take center stage there but aside from the at the top of the list are really lots of business deals mean obviously wilbur ross announced on wednesday morning that there have been at least nine billion dollars worth of deals between american and chinese companies but we could even expect more than that by tomorrow within the

next twenty four hours so north korea definitely tops the list here but we can also expect to see some more business all right unities what about the rest of us for well he only has vietnam and the philippines left after he leaves china tomorrow so again just going to be filled with meetings and conferences but it will be interesting to see if he brings up the south china sea conflict at all because that's kind of been brushed under the rug ever since aggression with north korea has sort of become a priority to deal with here but obviously we know that vietnam and the philippines feel very strongly against china's role in the south china sea dispute so it's all going to be a matter of days that he's traveling between all those countries but one point or another there we're going to have to address it so it will be interesting to see if it's private thank you very much ben bust down.

it's a massive store network that puts seventy percent of the u.s. population within three miles one of its locations it's c.v.s. the nation's second largest drugstore chain and it was beaten to the medications home delivery punch by amazon the online retail giant in fact delivered a knockout take a look at its stock on the leak of its approval for business as a form a suit. distributor in more than a dozen states nine hundred seventy two forty three on it's october twenty sixth closing on the news bam up to eleven hundred ninety five on the twenty seven now it's resting at one thousand one hundred twenty eight sixty one highest we've seen joining me to discuss c.b.s. is next moves melissa are mo the founder of the stocks which. last week hey good to have you the last we left c.b.s. it was absolutely terrified it went from a high in october of seventy six october high that is seventy six forty six on the

twentieth on the twenty seventh after the announcement it took a dive to sixty eight ninety nine today ninety eight seventy a recovery or a holding pattern we spoke with the news broke and you were bearish on c.b.s. short term buy sell or hold what do you think investors and c.b.s. shareholders should do right now. well right now the charge is actually a down trend why because it broke major support so any time a chart breaks major support it switch it switches trends so for c.v.s. right now if you're still long it then you're considering it as a long term hold right now in the short term i'm talking in the next few months c.v.s. to continue to trade lower next target is sixty five sixty bucks it certainly can trade down quite a while until it slips now the one thing i will say that is a rumor it hasn't happened yet but there is a rumor out that c.v.s. may buy and that would be a really big for the stock and it could explode if that happens however no one

knows that it's going to happen and they had their earnings reports c.b.s. had their earnings report monday morning of ember six the stock dropped on the report and they didn't mention anything about purchasing so we don't really know if that's going to happen and if it does will it happen in two thousand and seventeen or not till twenty eight ok let's talk about jefferies cut the stock price target for c.v.s. health shares for eighty six seventy six. it was due of courting to two uncertainty over amazon's potential competitive threat here do you think that was a wise move is it too early to really know the impact amazon is going to have on this well i think it's going to have an impact on it and that's one of the reasons why the best thing that c.v.s. could do is have a vertical move a vertical integration into trying to capture some of that pharmaceutical business that clearly amazon is going to go after those on it hasn't started selling pharmaceuticals yet so again we don't know when that's going to start happening but

they just came out this week they announced on monday that c.v.s. is going to start to do same day delivering or in certain areas and next stage delivery that's going to help however that's not going to be enough what they really need to do is more acquisitions when they they acquire care mark that was a good acquisition for them if they end up buying it at now that's going to be a great app was it for them probably in the long term because they're really they're not going to be able to really compete head to head with someone like amazon a company like amazon so what they can do is make it more like engaging for people in other words they end up buying and you end up having insurance then with c.v.s. well you'll get reductions in co-pays you'll be incentivized to think of c.v.s. you'll think oh see the f l go all go to get my drugs at c.v.s. all my prescriptions at c.v.s. a c.b.s. is a very loyal customer base they're not going anywhere let's just say for example they don't even buy in the city isn't going to go out of business anytime soon like you

just said you know seventy percent of americans live within three miles of a c.v.s. unfortunately though it's going to impact the pharmaceutical business it's going to not just c.b.s. of the company still amazon's going to step in and whenever that happens and stuff like going to affect companies in the health care industry do you think that c.v.s. can ramp up in time though we don't know what the timeline is on amazon actually rolling this out but it's doing operations in manhattan for deliver. it's going to roll out what is it one or two day shipping here nationwide trying to get in there is it going to speed up enough for people to say have the automatic click that says i want to do this because amazon is so streamlined across all these sort of sectors can c.b.s. catch up for shareholders to respond and really have confidence this is even going to work it seems like a bit of a gamble well that's what i'm saying right now c.v.s. is in a down trend that's what i'm saying right now c.v.s. is not a buy it's not

a buy at all and that's why some of these some of these different companies have have cut what they've said were the targets i even think seventy six is kind of a realistic right now because a stock like i said is down trending so they could drop before they flip around and what's going to make the company flip around i don't think doing the same day or the next day you know delivery is going to make this flip around that's what i'm saying they need to take a foothold and do something else more acquisitions they need to engage customers better and that's something that amazon does good very well but if c.b.s. runs of by and they're going to has one of the third largest health insurance companies so you know that would just be huge for them to think of it as the one stop place when you think of doing your in your insurance or your drugs or any of that kind of stuff i think for now the stock is down but like i said if the if they end up merging and buying and that comes out in december which it is rumored that that could happen yet this year the stock could explode it could go over seventy

six it could go over eighty the manger support of the stock was eighty one it broke that it started trying to get out and the way that stocks up when they start trying to down people get very very anxious and they sell so if you're still in that long you really truly believe that something big is going to happen and they're going to flip it around but as of right now that's not the thing i will tell you one quick thing like i said the last time i was here the market made another new high again today. a stock that is not making new highs with the market is not a good buy it's not even a going to hold the nice thing about investing and trading is just what if you're in something and you're out you can sell it you can always buy it back that's true so. this is a serious topic as is unfolding continually we've got to bring you back in october to see if if your gasses turn out right on this thank you so much melissa arm of founder of stocks l.l.c. thank you thanks for having me. thanks for watching be sure to catch the boss on

directv and the united states you can find us on the arche channel if you missed us on directv has been bust on you to you tube dot com. thanks for watching see next time. even should just have to keep it as i live be it good for yourself then. fine it. would be done.

and we have other things in this world sounds like this is it you know for everyone and why some peoples of also take our thing all the power just for themselves and to see more of that in the. local blogs sell you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles that still. produce talks for the tell you the lobby gossip the public by fell. off the bad guys and tell me you are not cool enough to buy their product.

struck me along the border walk. sarees riyadh. cia director mike pump a.o.s. come under fire for a meeting with the n.s.a. whistleblower william binney who believes the d.n.c. could not have been carried out. on the program we speak to binney.