certain countries are really putting heavy incentives on including china were other countries have said you know what we're going to reduce the incentive or remove the incentive which happened in the netherlands and sales dropped off by ninety percent and then in hong kong they removed the incentive to buy a lector vehicles and they sold three vehicles three to b.m.w. or one tesla that was it so that says if it's not incentivized consumers are buying and states here like georgia did the same thing they removed the incentive it cost them too much money and sales dropped by ninety five percent so that's telling us that people are only buying them if you're basically giving them money to buy it right given given president trump is calling for all this manufacturing to you know move to the u.s. and some time sort of trying to budge companies off the dime on this given that and the new tax reform law do you see any additional auto maker jobs coming to the u.s. whether or not it's from foreign companies producing here or maybe

a ramp up the u.s. production but u.s. automakers got a makers are actually starting to build more factories here we're hearing from different manufacturers of course kiya builds in west point georgia they've expanded their facility they're putting together a battery facility you've got hyundai building vehicles in alabama audi has decided to build for some reason in mexico we'll see how that's going to change with nafta which may go away if nafta goes to the north american free trade agreement that could really impact product going to and from mexico which could increase the cost to manufacture so they're really doing everything they can to build more vehicles here g.m. is on board with that chrysler is on board you're seeing every manufacturer think you know what there's got to be a place somewhere in the united states that would like to have our facility and you've seen even toyota they moved to texas and built a huge facility so they know exactly what they're doing. lauren we're about out of town but i got this really weird bizarre question i want to ask you. and with that

preface here it is so self driving cars that are becoming more popular but we also read about hackers i know there was a tesla that was hacked from a number of miles away i read so is it possible in the future we're going to have to worry about self driving cars be hacked and essentially cars being weaponized perhaps and you know support of some terrorist activity told you it was weird it's not a weird question you're actually spot on the reason we don't have autonomous cars on the road today because of some of these factors we have insurance regulations government regulations the hackers and the attorneys who are just waiting for someone to hack so the current administration has stopped what they call v. to v. which is vehicle to vehicle communications and the reason that is that's going to actually slow down this autonomous cars and i'm currently today in buffalo we just had a seventy five car pile up because of a white out there is nothing an autonomous car could have done to save you it probably would have been worse and the reason for that is when those cameras which

work on lidar and radar when they're blocked because of ice and snow you need to have the skills in order to take over that vehicle if they're not going to teach people how to drive cars anymore you're asking for a lot of problems so i think before you jump to the autonomous car concept maybe just call a new birth if you don't want to drive. lauren fix the car coach i love that car coach great branding and we hope you'll come back thanks for joining us take care and thank you to. time now for a quick break but stick around because when we return we'll examine britain's trade options as breakfast approaches plus we'll ask brian gilmartin of trinity asset management if bond markets are about to make a big move as we go to break here the numbers check out oil still above sixty eight w.t. guy at the closing bell. so

. hello my name's peter and i've been living in bush for about seven years and this is a film about just some of the crazy things i've got to see in the time. when you're going to get this. i mean you've got this interesting there's still what you describe because the guy had such. a stance is not his position.

through the predicate oh. here's what people have been saying about rejected and this actually was. the only show i go out of my way to find you know what it is that really packs a punch at least is the john oliver of r t america is doing the same that we are apparently better than blue that i see anybody who had ever heard of love went back to the night i'm president of the world bank ok but he doesn't really mean that seriously he sent us an e-mail.

china's crackdown on pollution has put the nation on track to be the number one importer of natural gas for twenty twenty eighteen potentially overtaking japan the current leading importer of natural gas china is already the largest importer of coal and oil worldwide but increasing demand in domestically has forced china to import more than four. the percent of its energy needs in twenty seventeen alone experts estimated that the country will have imported more than sixty seven million tons of gas that has come after china started a massive green initiative last year hoping to cut down on the number of companies and households that have been dependent on coal in an effort to clean up their air and boy if you've been to beijing they need it.

the brazilian state oil company has agreed to pay two point nine billion dollars to settle a class action lawsuit by investors in the united states who bought securities between two thousand and ten and two thousand and fifteen the settlement is reportedly the fifth largest ever for a securities related lawsuit and the largest ever paid by a foreign corporation in the united states the payout is the latest consequence of what has been called operation carwash the scandal in which top petro boss officials conspired with outside firms to overcharge the company and then exchanged kickbacks and bribes petro boss officials say carwash bribes may totaled nearly three billion dollars plaintiff's lawyers argued that carwash corruption was a significant factor and petro boces loss of ninety percent of their market value between two thousand and nine and two thousand and fifteen the carwash

investigation revealed a vast network of corruption implicating partners including the massive international construction firm ota brecht which alleged dealings in turn spawned investigations and scandal across south america and brazil for example the carwash investigation who resulted in more than one hundred convictions and other charges against the sitting president michel temeraire to merit voided prosecution but was criticized for a christmas decree just days ago on pardons that the brazil attorney general said could undermine the carwash case important to have strong attorney generals the head of the supreme court later suspended key provisions of the decree. britain is reportedly considering joining the pacific trade group after brics it this comes as the country is considering its trade future outside of the european union but would this move be in the country's best interest archies ashley banks joins us all

borrowed according to the financial times of britain were to join the t.p. after brags that it could possibly help revitalize the partnership and could likely bolster exports in the united kingdom as well the country has been and formal talks about joining of the trade group the proposal for britain was developed by liam fox his department for international trade and if britain does move forward and join the t.p. it would become the first member of the group that doesn't share a border with either the pacific ocean or the south china sea great hands a u.k. trade minister told the financial times there wasn't any geographical restriction on britain joining the t.p. piecing quote nothing is excluding in all of this with these kinds of a plural lateral relationships there doesn't have to be any geographical restriction however many trade experts are skeptical of britain joining the t.p. p. just last year the t p p's future appear to be in shambles when u.s.

president donald trump pulled out of the trade pact yet in november the remaining eleven members which includes all strauss mexico and japan they agreed to pursue a successor deal some argue the tepee would impact a blue collar jobs while the u.k. engages in trade with p.p.p. countries that pales in comparison to its trade relationship with the e.u. members and the us for example let's take a look at japan now according to mit's observatory of economic complexity it has a largest economy and the t p p but you panic counted for just one point six per cent of the u.k.'s goods exports in two thousand and sixteen and during the first half of twenty seventeen the u.k. exported. most one point seven billion euros and services to japan which equates to about a tenth of the sixteen point six billion the u.k. services industries export it to the us now the u.k. cabinet having yet discuss a britain potentially joining the t.p. p.

there are meant secretary michael gove a set late last year parliament would have an effective veto over any trade deal now the labor party criticised the british government's interest in the t p p's saying it should focus closer to home specifically on britain's key future trading arrangement with the e.u. now barry gardiner the shadow trade secretary said quote of course t.p. could be helpful but it is not the main event and at the moment the government is making a hash of that and the former lib dem leader tim farron said quote this smacks of desperation these people want us to leave a market on our doorstep and join a different smaller one on the other side of the world it's all in the sky thinking part of this time it is illegal for the u.k. to sign trade deals before it leaves the e.u. but things could change come twenty one thousand post brock's at.

our bond markets about to make moves bryan gold martin per follow manager of trinity asset management joins us to discuss brian thanks for being with us happy new year hope you're staying warm there and in chicago one of the people works here said their fathers the temperature in their cars said it was nine below over the weekend before we get to talking about bond market specifically you're a well known investment advisor give us your take on markets in general and in the u.s. and around the world please. well i think their equity markets. are pretty healthy right now you know it relates to the to our bond market discussion but yellen and bernanke both said during their their years that the fed that they that they needed help. in terms of fiscal policy from congress with with their

monetary policy stimulus so they cut rates as low as they can you know obviously zero you can't go lower than that although there were lower in europe but now you've got the fiscal stimulus that two fed chairs have practically begged for four years so you know the tax the tax bill tax reform should be a big deal although it should be a should be a stimulus to both the economy and to corporate earnings s. and p. five hundred earnings aloa it may take a while to kind wind its way through the system but i think you know i think you're the world globe the global markets the u.s. market s. and p. five hundred are very healthy valuations are reasonable and i think the one fly in the ointment you know the one thing that could cause a problem is the bond market what you did this or in arresting opinion

piece brian on markets and and you i love analogies and metaphors and you likened the bond markets to an old mafioso saying about a snake and waiting and you tell us more about that because i think our viewers might enjoy it. well you know you and i are roughly the same age part you know i graduated with a finance degree from from a small small school in ohio in one thousand nine hundred two when i was studying money in banking and economics volcker was pushing the short term rates up to twenty percent so you've got an entire generation of investors who know nothing but bullish bond markets and lower rates and you know that the whole metaphor the whole analogy about the snake lays coiled you know i think it's going to come from the bond market when there is a problem and you know people when i talk to clients they just they have no conception that that rates that

a ten year treasury yield could get up to five or maybe even seven percent although changes in the u.s. economy in the in the years that you and i have been. making a living have kind of have fostered very low inflation rates but that can always change to me that to me it's about a lot a lot of investing is about expectations and a lot of it is about sentiment and i think that there's an entire generation of investors in the u.s. market today they just don't have a don't have a fear or worry about what higher interest rates could do so that's where you know that's what i worry about but you're mafia references that make it the battle between the naples mafiosos and that there is always a snake waiting in the grass and you think that the bond markets are sort of the snake net waiting in the grass but coiled up and ready to strike which i love that brian now look the differences in the yields between the longer and shorter dated

bonds like the two in ten have fell in december to their lowest in the the yields are closer together between the two in the tent but what does that say about the slowing economy if anything. well i don't i don't think it's about the slowing economy of you know and we call that yield curve flattening so yeah you're you're exactly right i think the two year yield is roughly is closing in on two percent i think it's one point nine percent where the ten year yield went out today about two forty four so is the is the ten year yield has come down a little bit that that two year deal this push up so yeah we've had a flattening but i don't think it's about a slowing economy i think it what it is it's about inflation you know. again you know you and i are roughly the same age amazon has had it in my opinion has had a tremendous impact on the consumer price index in the last twenty years just look

at retail bankruptcies. you know when your competitor chantal channels did a show today and said that they expect thirty three percent higher retail store closings in twenty eighteen and then in twenty seventeen people just aren't going to aren't going shopping going out shopping like they used to and you know i think that that's the amazon effect that's been growing and growing for the last five five or ten years and it's had it's actually pulled down consumer inflation so. to your point i don't think that the flattening yield curve is about slow a slowing u.s. economy i think it's worries that inflation won't reignite and i you know and that's what i worry about that's where i think it might be wrong all right brian we want to have you back and got lots of other things to talk about pre-show you coming on stay warm brian gilmartin per polio manager of trinity asset management thanks again. thanks mark. this week's powerball lottery is worth over four

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in the headlines this runs military chief declares an end to the weeklong anti-government protests in the country we look at how the demonstrators were encouraged from abroad. to rise in violent crime in one of germany's regions may be related to the influx of young male microbes according to a government backed research. on the french president's plans a new law to target fake news and foreign outlets while relations with his old media it's still a rock bottom of. five from moscow this thursday welcome me watching r t with me kevin owen first iran's military chief says the unrest has been blighting the country for the past week is now over but at least twenty one people did die in those nationwide protests and

there are still reports are small demonstrations last night the rest began as a working class protest against declining living standards and high unemployment but it quickly fled into violent antigovernment rallies u.s. leaders were quick to throw their support behind the uprising but seems they may have misread the will of most iranians. when they ask for a better economy when they ask for the government to spend money on their own country as opposed to terror exploits overseas or in other countries sure we would certainly like that to you i support matt i'm not going to go i'm not going to see that's why you're trying to trap me into something like that i'm not going to go there straight out is not that is not our that is not our policy but we hear what the iranian people are saying poverty corruption and economic uncertainty have the potential to trigger protests in the world over. and they can quickly turn ugly. but the international reaction to such unrest

seems to depend on the country and question this is the precise picture of a long oppressed people rising up against their dictators so with all that money i mean in any country people can protest against high prices but when have a such demonstrations happen in our country opponents of the establishment come out and support them and some western leaders are barely able to contain their enthusiasm for regime change and are rushing to throw their weight behind the demonstrators we are now seeing an organic popular uprising organized organized by brave iranian citizens on the largest scale since two thousand and nine the greats of brain young people have been repressed for many years they're hungry for food and for freedom along with human rights the wealth of iran is being looted song for change it is essential that western powers britain britain in. the west the powers. back of the arena. because it's only with their

backing that the the iranian people are secure and can go all the way in securing their freedom of the previous regime but we've seen where this apparent pro-democracy fervor can lead. to an a you get the american president says he supports the protesters but these protests are not protests against the government these kinds of demonstrations happen in any country and they are against rising prices but each time these demonstrations happen we see that the authorities opponents use them for their own purposes the majority in iraq i believe want evolution not revolution people arab spring style which is. oh so much suffering elsewhere on the other hand the west seems oddly quiet about the massive rallies that are being held across iran in support of

the government has little the root of it is just a canard it's the problem of youth unemployment i personally haven't been able to find a job for a long time but if people have a job they don't have any problem with the government of course most of iraq economic problems are domestically generally but another reason why investment and thus you jobs has been slow in coming is that contrary to their obligations under the nuclear agreement western countries notably the united states have not taken sufficient steps to facility normal financial flows when it comes to iran the west says it's listening but clearly selectively co-opting democracy for its own ends is a difficult habit to break and artsy london as the protests in iran began to gain more international attention a number of fake images was circulated widely on social media check out this tweet

shows a photo of a woman hitting police officers with a caption iran turned out to be a screenshot from an iranian movie not real of to be exposed the man who posted it claimed it was anyway supposedly just symbolic meantime a video which gained thousands of users said the show of march in iran was later proved to be of a protest in bahrain from twenty eleven at a fakes were perhaps less clear one post claimed to show the uprising when it was actually a photo of a pro government rally. u.s. national security adviser has got his knives for the new year it seems with a call to reveal what he describes as insidious russian meddling mcmasters says that pulling back the curtain as he puts it might be a vital first step to preventing further interference the russia blaming trend hit full throttle almost a year ago now with the release of that u.s. intelligence report that kept the momentum going throughout the whole of twenty seventy.

arguably the biggest story of twenty seventeen was russia it was on the lips of world leaders and politicians but this wasn't always the case this was obama's analysis of the country back in twenty fourteen russia is a regional power that is threatening some of its immediate neighbors. not out of strength but out of weakness regional power weakness well that was the past in the last year we've seen russia propelled to be the greatest threat on the planet in the words of the former f.b.i. chief what kind of threat do you believe russia presents to our democratic process given what you know about russia's behavior. well certainly that in my view the greatest threat of any nation on earth well here's how it all began on january sixth of last year u.s. intelligence agencies issued a report saying that russia had tried to influence our elections with this russian

president vladimir putin ordered an influence campaign in twenty sixteen aimed at the us presidential election russia's goals were to undermine public faith in the us democratic process then the great secretary clinton and home her electability and potential presidency we further assess putin and the russian government developed a clear preference for president trump now the authors of the report at the time said they had high confidence in their judgments a few pages later they explained exactly what they meant by high confidence with a little disclaimer high confidence generally indicates that judgments to based on high quality information from multiple sources high confidence does not imply that the assessment is fact or a certainty such judgments might be wrong well after the report the word got around that blaming russia was now a thing and that opened the floodgates in twenty seventeen hardly a lection went by in europe without russia being accused of meddling. the

balance disruptor covert group in two thousand and sixteen covert disruptor. part of our responsibility. the rush to move about what's going on in the united states germany france the other one in montenegro. from hacking into the danish defense ministry to trying to meddle in the maltese elections russia has had a truly diverse collection of accusations thrown at it russia is accused of influencing the bragg's it vote through social media it's probably yes sure i don't believe all of this it's russia they're crazy right russia was accused of intervening in the french election yeah you know what i believe that to the german

election sure i catalonia separatism yeah yeah i believe that to all take all of them about sending bots after a star trek star trying to take him down with sexual allegations star trak no star wars i would believe if i had my doubts about a box so i would say no. they were actually accused of that was. russia hacked into the us irish and british power grids fake russia was influencing the braggs it vote through social media fake russia hacked into cataloging a separatism and was promoting cataloging a separatism in spain real how about buying ads on social media in order to influence u.s. public opinion yeah yeah why not make up the budget actually all of those allegations were leveled against russia do you believe that do you think that they're actually doing these kind of thing.