i. visit us broadcasting around the world from washington d.c. i'm bored she'll be filling and then will be coming up the wildfires spreading across california to give it all in us history our chief correspondent reports more for us from los angeles and the jobs report is out and it is good two hundred twenty eight thousand jobs were created in november and the unemployment rate remains unchanged at four point one percent coming up we'll take a deep dive beyond those numbers with danielle de martino now let's get to the stories topping today's political and business headlines. in just a few months eighteen thousand will face off with the justice department in court over its attempt to buy time warner and the trial will begin on march nineteenth but a decision isn't expected to be handed down until after april twenty second which is the deadline for both sides to complete the deal while eighteen thousand ounces

the plan to acquire time warner back in october two thousand and sixteen it wasn't until last month that the government sued to block it from happening over antitrust concerns following the news eight hundred eighty shot back and called the lawsuit a quote radical and inexplicable departure from decades of antitrust precedent during a hearing on thursday judge richard leon said he would likely rule on the issue in april or may. leaders in the u.k. and the e.u. came to an agreement early friday to move on to the next round of talks to get here both sides had to agree on the future of the border between ireland which is part of the e.u. and northern ireland which is part of the u.k. they also had to hammer out details on the rights of british citizens in the e.u. and vice versa on top of perhaps the most divisive issue which is agreeing on the u.k.'s financial obligations to the bloc following this round of negotiations british prime minister theresa may said i very much welcome. on the prospect of

moving ahead to the next phase to talk about trade and security and to discuss the positive and ambitious future relationship that isn't all of our interests commission president john klein the younger even said i believe that we have now made the breakthrough that we needed. will tax reform pledge by president donald trump to be completed before christmas also a limit a key portion of obamacare the affordable care act and what might that mean for individuals in our country joining us now from denver is does hadley heath manning the director of policy for independent or the independent women's forum have we thank you so much for being with us really appreciate your time and before we get to it could you tell us just a little bit about your organization your history. of course and i'm and or i am is that twenty five year old organization based in washington d.c.

and our mission is to speak about issues of importance to women and family instead of course tax reform and health reform and that bucket did you all start around the clarence thomas time was that the beginning of when you were you're out there clarence hill anita hill. yes in the early one nine hundred ninety s. and of course you can tell from our title that we're primarily interested in women the vast majority of our staff are women and we sort of originally formed as an alternative to feminist organizations that we believed were getting away from being pro women and became more. democrat organizations or left leaning organizations so we wanted to step in and be a program an organization with an alternative now on to health care i'm not sure if it's going to happen or not the a c. a portion it looks like it might but you know if the individual mandate is goes computing is killed what happens to that what happens to the country then what gets

put in its place remember the president was going to repeal and replace what didn't seem like there's any replace now so what happens do you think. oh it's if that naming issue for people who like to study help policy of course the individual mandate in itself isn't really a solution in terms of health policy it's sort of a side effect or a symptom once you create regulatory environment that might invite people to only buy health insurance when they do have health care problems or when they become sick and that's the case under the affordable care act then you have to create some kind of mechanism to encourage people to buy into the system even when they aren't sick when they're young and when they're healthy and that's the goal of the individual mandate that's the goal of similar mandates and other health care systems around the world for example in the swiss system there's such a pretty hefty penalty that people have to pay for going without insurance and president obama when he was candidate actually for office in two thousand and eight

he said you know if we wanted to get rid of homelessness we could try to mandate that everyone buy house but people can't i think that they can't afford and unfortunately that's been the case under the affordable care act many people in spite of the penalty are going without insurance opting to pay the penalty which is on average between four and five hundred dollars a year for people who face the penalty versus those premiums under the affordable care act which unsubsidized cost over four hundred dollars a month for someone who is thirty years old for example so what that what is the plan now what do we do how do we replace it hadley how do we think you know what i agree i agree there are problems but what is right what's a solution so getting rid of the individual mandate just like putting it in place isn't really at the heart of the debate at the heart of the debate is how do we make those health insurance premiums more affordable for people because that's ultimately the greatest incentive to buy health insurance it's something that most people want to carry especially considering the high cost of medical care in this

country and making health insurance premiums more affordable this is a subject of great debate over the summer as republicans put together a health care package that ultimately did not pass but one of their. key ingredients was let's give states the opportunity to change some of those regulations under the affordable care act for example the essential health benefits which is a list that the department of health and human services puts together and they say every plan must cover this ten different categories of care and services in our health care system where as some people may not want to buy a policy that includes every category it's every treatment service that the federal government says it's necessary or essential and so why removing that regulation or at least offering a greater flexibility for states there might be opportunities for insurers that the together your basic insurance plans don't cover everything but of course not everyone needs every piece of coverage so seeing those average premiums come down that's ultimately a solution. headlee thank you so much for your time you know i would just keep waiting for the right solution and nobody's come up with it we have more people

covered by health insurance now it's not perfect but i keep people wanting not just the the repeal part but replace part so we have a healthier current country hadley heath medi the director of policy for independent women's forum thanks for your time thank you. fires continue to burn in southern california and the latest report just from just moments ago indicate that more than one hundred sixty thousand acres have been scorched closing hospitals schools roads and even some freight rail and past passenger train traffic like amtrak surfliner that runs runs along the coast earlier today after california governor jerry brown saw federal disaster assistance president trump declared the piracy an emergency and ordered additional federal aid while individuals have been hospitalized there have been no fatalities

unfortunately that can't be said for some animals on thursday barns containing five hundred race horses were gulf in flames but workers and traders risked their lives and saved all but twenty five. the animals some of those horses by the way were worth several hundred thousands of dollars and were simply sat free to save their lives a few remain m.i.a. to give us more details and texture as to what's going on in california here's archie correspondent tasha sweet with a report here in ventura county of a kut-o. and sitters vineyards make up a good portion of the local economy and similar to the fire storms in northern california and it's vineyards it's going to take more than just time to rebuild its local produce the fires erupting in southern california has ripped through more than one hundred thousand acres irene henry is one of the thousands who have had to evacuate this was a scene from her balcony in ventura and as an insurance agent she's usually on the other side of the equation on a personal note the hospital visit to del mar that was right that's actually blocks

from my home well several multimillion dollar homes burned down in los angeles from the scribal fire near the getty the vista dome or hospital was one of many commercial properties damaged in the fires it was a close call for six flags magic mountain on wednesday flames could be seen right over the theme park we contacted park officials who confirmed no damages were made but when it comes to ensuring those types of businesses risk is well as these kinds of natural disasters like fires certainly comes into play you're putting a bigger portion of the population at risk with raw ins and whatever else you know publicly everything just more open to the public or more of a liability issue just weeks ago wildfires that broke out in northern california and its famous wine country killed forty four people and astroids one thousand one hundred homes and other structures and now it was just announced insurance claims for northern california have added up to

a whopping nine billion dollars so in that county was the highest coming in at seven point five billion dollars in claims that the county made one point five billion and. claims well fires are common in southern california this time of year before the winter rains set in when the vegetation is tinder dry and winds blast the region but neither been sure or los angeles county's northern neighbors up north this past october were expecting destruction to this degree the series of fires in northern california two hundred forty five thousand acres so then california has at least one hundred thousand acres burned it's something henry says could raise insurance rates for residents industry they will have their actuarial go back to the table and figure out they have to calculate recalculate numbers and see if premiums will need to be adjusted as well only time will tell just how long it'll take residents to pick up the pieces from all they've lost left of our house . our house. and i. look at

you know it very well how. tall are standing there. for my brother and where in. our new friend as people like girlie and jordan pick up the pieces and move on the question remains if the issues seen up north like price gouging in the housing sector will plague the area suddenly they charge three hundred dollars an hour because they know they're going to get paid they know the checks not going to bounce but for right now with their home or business take care smart video everything so what and if there's a fire you have a list and you can supply that to your your adjuster and you can show proof of ownership you'll make your claim go that much smoother easier for a processing standpoint well now that we know the insurance claims up north amounted to nine billion dollars the question remains of how much the damage will cost here into the california not only to insurance companies but to the economy as

a whole inventor accounting atocha sweet. time now for a quick break but stick around because when we worked. hern we'll take a look at the latest jobs report posted in see how wages are fairing. and as we go to break here are the numbers at the closing bell. let me explain something to everybody out there is wants to be a success in life is to ways to go you can either become educated you can do that by yourself or go to the new york university websites or the gallatin the visual and get the syllabus of the book list at all gala to the vision students have to know i was in the galton diverse with new york university progeny two hundred fifty

plugs starting with aristotle read those books now you are educated the second way you can be a success in life is you got to know three things bridge golf tennis circuit for things and speed. of the gun some is not says now about can quit places called good to country. true or does he just to minister to live bush for most of the storms. the music of this would have put us to this goal that his goal. was to the culture . of the culture to live sure it was a little bit tricky of christmas. polling and just little embrace from a fellow muslim of themselves to be too little. mostly albums forceful. play almost anything from the members for the most are not of the kind our better johnson i'm based on are much less part of the economic and i do not the us i would least like

a sperm trapped mcnab how anomaly came. from a show coming cannot be true from the commode. almost feel now we're going to fuckin on a cuckoo that says original enough i was going to show you was a signal to go to the cities in america voices in his or the lot of the street. cinema large other the other lot of this series who are supposed. to. it looks like we have another space race on our hands though this time it's between

industry leaders during an interview on c n b c the c.e.o. of boeing was asked whether it would be his company or space x. that will get the first person to arrive on mars he responded by saying it'll be a boeing rocket that does it first which eventually yielded earth spawns from the competition on twitter a space x. c.e.o. elan musk briefly tweeted do it to an account that posted a link to anyone berg's interview if followed nearly a year of back and forth between both companies though it's still unclear if and when either of them will have enough funding to actually develop a real trip. less than a year ago ford motor company announced it cancelled its plan to move a billion dollar car plant to mexico instead the operation would take place in michigan burning praise from president trump who campaigned on keeping jobs in the u.s. but the company has changed its mind yet again on thursday ford said it will indeed be making electric cars in mexico though the flat rock michigan plant will get

a bigger investment than initially planned the vice president of autonomous vehicles and electrification told the new york times we want to make sure we have the capacity at flat rock when we launch we are very optimistic that we will grow the volume in the autonomous business and he added that the latest plan will bring more jobs to the michigan plant to. the bureau of labor statistics released the jobs report and two hundred twenty eight thousand jobs were created beating expectations in the unemployment rate remain the same four point one percent here to break it all down is danielle de martino boot president of money strong who joins us from dallas down. thanks for helping us out today this is a pretty good number twenty eight thousand beating expectations plus those october numbers were revised up from two hundred forty four to to sixty one thousand so

give us some details about where these jobs are created in our economy what sectors danielle. you know i think that the economists community wanted for there to be one month of negative hurricane destruction and then one month of a positive bounce back but there's nothing to compare you can't can compare hurricane katrina to her if you followed by erma followed by maria followed by the california wildfires so we saw the hurricanes fingerprints still all over this transportation jobs when a tremendously manufacturing had a huge month construction obviously these gains in these sectors temporary positions the gains in these sectors were well above what seasonals would dictate for this time of the year and that tells you that the rebuilding efforts in in texas and in florida are ongoing and continue to be a great source of support for this economy right now and we saw you know in in the october numbers a lot of people said that perhaps it the construction numbers in those hurricane

impact areas were actually accounted for can you break down the numbers for us rick gaited to some of the key worker groups highest unemployment i know are always teenagers but where are were are those groups where do they come out on the unemployment danielle you know one of the groups that continues to lag behind that it's only just now beginning to catch up is your key male worker in their earning years twenty five to fifty four and i'll digress for a minute here what's fascinating about the recent mckinsey report that said that one out of three american jobs would be automated in but by the time two thousand and thirty rolls around is that a lot of the middle income workers that that populate that twenty five twenty four to fifty four year old cohort of male workers it's the middle income workers not just fast food hamburger flippers that are going to be in the crosshairs but are we going to train them can we can they can they build robots now. you know that's a very good question because if you look at the advanced developed economies all

the way around the world there's only one country that stands out for having a declining labor force participation rate for two decades running and that's the united states it is indicative of the fact that we fall short when it comes to to retraining our workforce in the aftermath of recessions so we have forty percent of all jobs created during the housing boom years that were directly or indirectly related to real estate we didn't retrain them properly so that they would be prepared for the next generation of jobs to come along and in this current recovery we've had three out of every ten jobs go into that eat drink entertain yourself and be sick sectors and a lot of these jobs are going to be vulnerable as well absolutely if we had some great retail numbers just you know whatever ten days ago from black friday cyber monday small business saturday do you expect that that positive path will continue sort of into the holidays and will be reflected into the december numbers any

better than than the last couple years that the retail jobs created for the holiday time. well actually if you look at some of the challenger gray and christmas layoffs and hiring statistics we're technically two percent below where we were at the same time last year on the other hand we've closed a lot of stores across the country and today's employment statistics showed us that we actually had a very nice nine hundred thousand worker pop in the retail sector and that was encouraging for the holiday shopping season i would carry out that with the fact that credit card spending has been going up at a much faster pace than american than american paychecks have been growing so it's going to be problematic if the pop we see in holiday shopping is being done on plastic. and you're a really good point and i think we were ported here on this program not long ago that you know a lot more people were buying their their goods on those days on phones and on laptops except for

a lot lots more of that online let's talk construction we briefly got a little bit into it earlier but what's going on there that this isn't a time of year where we see super strong could struction i mean as the that holiday song goes it's cold out there it's going to snow this weekend in d.c. but are we seeing jobs created in those hurricane impacted areas including areas in texas not all that far from where you are danielle. absolutely look it's going to be in the seventy's here next week and that the areas that have been affected the most california florida texas you don't consider these to be the frozen tundra states where construction workers have to go into hibernation during the winter months and in fact what we've done as a nation is poll a lot of the construction workers that would otherwise be offline in colder climates states down into our state and that in the aggregate for the nation's income is going to act as a boost to income and spending going into the first quarter you know this is just

anecdotal but i my wife and i happen to be doing a lot of traveling down arkansas florida houston area you know about in the six weeks ago and you're absolutely right i mean people were driving with minnesota plates and wisconsin plates you know work trucks obviously stacked in tents and everything on top of them so we're seeing that i guess reflected in some of these numbers you were just breaking down for us ok let's get to the overall economy still looks as larry david would say pretty pretty pretty good right. it does look good in fact morgan stanley came out with some figures yesterday that suggest that we could see three percent growth rate for the entire year two thousand and seventeen that is pretty remarkable but not to throw rain on all of this pretty pretty good however one three construction is completed we have started to see cracks in the foundation of u.s.

households we've seen even seen mortgage delinquencies begin to increase credit card loss provisions at the major banks the major credit card lenders like citi group like j.p. morgan chase they're starting to set that aside more money for credit card losses and the ongoing story in the automobile sector is that we're seeing more and more repossessions there it's reflective of the fact that in this current recovery renting an apartment renting a single family home or buying a home it's never been more expensive and this is the household biggest line item the one thing we didn't see take up in today's jobs report was it was earnings and income that still remains at a stubbornly low level and again i think the tension between the two between the lack of adequate growth in income and the fact that americans have once again put too much credit on their balance sheets i think we're seeing that come to fruition once the sugar high of hurricane reconstruction passes i worry about what we're going to see going into the spring of next year. that's really great i was trying

to find of looking at the b.l.s. report here and i think earnings just one up sort of as you're indicating like a measly two tenths of a percent danielle so you're pretty pretty stagnant and pathetic there's room for improvement there but overall if you consider the last recovery that figure that came in at two and a half percent was consistently running about three percent in the last recovery right well we can week we can hope which brings me to tax reform and the prospects have certainly been reflected in the markets you know for a year they've been reflected in the markets we've had i was counting up the other day like sixty six different record breaking breaking n.y.s.e. records but are there any indications that the good economy that we've been talking about with g.d.p. except trick is actually going to lead to an investment boom or will companies

really be is be taking profits and sharing with shareholders. you know the thing is we've already seen companies investing in capital expenditures at the fastest rate in years these past few quarters so we're where we need to be without the tax reform you know my greatest concern about the math behind that behind the tax reform and this is a nonpartisan statement is that it assumes that we're not going to have a recession for the next ten years the longest recession in u.s. history is ten years long but the c.d.o. is math it is its basic underlying assumption suggests that the u.s. economy is going to expand for nineteen consecutive years i just can't buy that i don't think it's going to be the economic philip that most people are planning on on wall street you would say by the rumor sell the news and i worry that markets have been celebrating this tax reform bill far too long you just said sixty six consecutive records i worry that there's going to be some selling the news if we

actually see a package come through absolutely danielle mark de martino bill thank you so much for joining us appreciate it take care thank you. looking for a way to impress the guests at your next dinner party well a british luxury food retailer may have just the thing marks and spencer is selling what they call a cocktail of a kotto has an edible skin and no seeds that can be eaten whole multinational company has previously marketed many giant and ready sliced avocados and calls this innovation the holy grail of alpha caught o's it will cost more but it could save you the cost and pain of a trip to the emergency room enough people have cut their own hands while trying to pitch is that a british surgeons association has suggested that they should carry warning labels to prevent so-called of a hand the innovation comes as demand for avocados is soaring in china while strikes in mexico and and poor harvests in peru and south africa have created

scarcity and the global market it also may add to the trendiness and notoriety of the avocado earlier this year australian millionaire tim governor notoriously scolded millennial suggesting that they weren't able to afford homes not because of low wages and student loan debt but because they were quote buying smashed avocado for one thousand dollars provoking countless avocado toast means on line the cocktail avocado may also turn out to be a little less healthy than the regular variety of food technology specialist from the retailer says quote my top tip is to try them deep fried. so that the thing about aa because i know this from my time at the agriculture department one that they are fruit yes they have more protein and more fiber than any other fruit and weird fact that we didn't practice this is that rudolph haas in california in one thousand nine hundred thirty found a knob a cuddle tree growing in his backyard it was

a ha's. and he patented it with that that's all for it i'll be sure to catch boom bust on you tube at youtube dot com slash boom bust r.t. thanks for watching the next time. stein is getting international recognition with the help of israel at least in the world of zoos and to commission to do it like you know. these things in my closet he is going to study hall maybe. john does. the only palestinians who gets the most help from his to some counterparts i don't think there's some of those who in the world and the vision to know when to do this

. and that's his office not just you have to this lady is the most of the you have i don't know if you competed in the doesn't seem to do more in the middle sauce some piss off.

whenever you believe that russian products. you're not just getting excellent quality. for the little bit of this world. look. i. don't look. more than a thousand palestinians are injured as violence escalates in jerusalem the west bank and gaza tensions spiked off the trump decision on jerusalem that was roundly criticized at the u.n. security council we regard east jerusalem as part of the occupied palestinian territory. we therefore disagree with the us to see.