live using the word. delayed and then i hope you don't. i'm lindsay francis is being boss 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 leak showed its certification as an online pharmaceutical distributor it did

numerous how the like that stevia catch up i discover there my gaps in the us are now the founder of the stocks were down by a bus right now. it's been a week of arrests and detainments 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 acted to clear the country of corrupt 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 eighteenth 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 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 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 in 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. well we're talking about the mold of a cup montreal back in two thousand and eleven it bought a company called lloyd george management now g.m. as most people know it is a company who has subsidiaries in hong kong and in london and 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 the what's coming out in the paradise papers as we're seeing that just basically reduced the number of people i had to go down and with in 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 in some place like let's say canada where we all know that they're headquartered so that's 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 also 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 dollars tax dodge and this is according to the canada revenue agency they're going to be taking them to court in june over range with and 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 leslie apple how is the tech giant going for a 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 stashed it in the caribbean they went to the english channel instead right 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 the one of those three jurisdictions those are all tax free zones thank you so much alex now that's coming at us from toronto. thank you. after president tabbed your own power to head the

fed eyes are now cast down the bench plenty of seats a fellow on the board of governors so what the next generation of the federal reserve 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 trumps nominee. his what we're looking at right now but let's look at some recent history here according to al pew research rates underfed chairs paul volcker over sixteen percent alan greenspan fourteen ben bernanke iran 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 bad 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 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 he does come from wall street he worked in the carlyle investment group. but on balance sheet at the fed back to the gold standard in that he knows the implications of monetary policy kerry policy which many of them have been at ever claimed anyways thank you so much mark barton senior. and mrs 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.v.s. is terrified amazon is 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 was a pretty good idea as we go to break here's a number of the cousins out. got a very wide grip on life because that saudi prince. we told them

it just good. old girls confiscated basically put on a. bridge so tell the middle really. pumped up. with this manufactured consent to stick to the public will. when the really close is some reject them so. let the sun be the woman. in the middle of the room sit. ups to our companies and other business without cracking down on the communist run island government u.s. travelers will once again be required groups run by u.s.

companies and a representative of the sponsoring grope must 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 who. has more on that for us after stops in hawaii and japan president trumped 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 a stop to your development of ballistic missiles and complete verifiable and total the nuclear ization although the relationship between north korea and china has somewhat weekend still enjoy diplomatic relations so consider strictly and earnestly implementing resolutions in fulfilling do 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 exchanges 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.

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 else 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 the store 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. 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 pharmaceutical distributor in more than a dozen stay. it's 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 seventh 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 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 chart is actually in a down trend why because it broke major support so any time a chart breaks major support switch it switches trends so for c.b.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.b.s. may buy and that would be a really big for the stock and it could explode if that happens however no one knows if it's going to happen and they had their earnings reports c.b.s. had their earnings report monday morning of amber 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.b.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 his on it hasn't started selling pharmaceuticals yet so again we don't know when that's going to start happening 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 some respect for and that's something that it is

rumored that that could happen yet that. well so. yes this is how the. blowfly. see. prescribe medication is widespread on the u.s. market and a frequent cause of death and. like everything was ashes my

family was literally coming unglued i had actually planned. to commit some site. who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was is. what i did was done on a cocktail of lethal drugs. just because something's legal doesn't mean it's safe. iran's next year's presidential election in russia it was supposed to moscow's perceived meddling last year. the u.s. justice department demands r.t. america registers as

a foreign agent before monday. iran's president warns saudi arabia it's in the chief nothing through threat in the latest escalation between the sides we look at how the middle east's becoming a geopolitical chess board for rivals realize until iran. and prosecutors reveal the true extent of the.