will most likely use the opportunity to soapbox about his own brand of economic nationalism and while the political elite continue to enjoy the conference and rub elbows the i.m.f. has warned that the current economic climate has caused voters to lose faith in them voters in many advanced economies have soured on political establishments doubting their ability to deliver broadly shared growth in the face of tepid real wage gains reduced labor shares in national income and rising job polarization and in reality that discontent really shouldn't be all that surprising given that those in the ninety nine percent aren't the ones enjoying the benefits of the recent economic growth oxfam who works towards the relief of global poverty has recently put out a report outlining just how dire the situation is revealing that in two thousand and seventeen eighty two percent of the wealth generated went to the top one percent the number billionaires skyrocketed leaving us with now over two thousand billionaires world wide and as that economic crisis continues the focus of davos seems to have blurred

a bit at the politics of two thousand and seventeen at least in for the first time ever the summit is chaired solely by women and a number of the discussions really don't seem to have anything to do with economics at all focusing instead on race privilege and harassment all of the greatest hits from the past year the social issues of two thousand and seventeen including. inclusiveness. was mentioned and all the things have been everywhere in the new school that sounds important maybe but not as important as the economics of the summit i think that north america europe japan and all the nations have never been as inclusive as they are now all told by the way of course there are reactions to certain things like the migration crisis but the people are used to it now much more than before and we are fighting inclusive it's not a time for crusades anymore. a delegation from russian cyber security company

casper ski lab took time out to talk to us about the gathering and the issues they face. i would say the trend from the last few years and actually one of the main topics of this year in dollar states fragmentation of the world unfortunately it's happening there is a global geopolitical tensions and fights between countries and it backfires private companies far as us i would say that the pressure in the united states is enormous it's the biggest it's really disappointing for some reason and surprising for me that that private company can be limited in its operations in the contre with no reasons with no facts just by a decision of the us government it's really frustrating because it means that we can't protect our organizations in years gone and and. that is one of the best according to independence and this is just means that. if they leave themselves i'm protected from from cybercrime and from cyber attacks which is really frustrated and i believe that in the long term this is just a very. very wrong decision to ban independent private company from its operation

in the country. with all those v.i. i guess around this time the resort seems a bit overwhelmed by its signature feature this snow over the past week it seem nearly two metres of the white stuff the heaviest in nearly two decades traffic being disrupted with many delegates struggling to reach the venue there's also a very real danger from avalanches but the discomforts hasn't stopped the online community seeing hubris. done with reality economic and environmental social and political fragility in avalanche territory a loud noise can bring the whole mountain down and donald trump comes to town on friday turns out davos is actually the social experiment when you gather a bunch of the v.i.p.'s there make them carry their own luggage through this now and stand in lines with each other out. i wonder what would happen if you did and

no one could leave for a week and the world realize that it could run itself without the business and political elites. turning your attention to neighboring france now or prison staff across the country or blockading detention facilities and calling for a complete overhaul of the system there are over one hundred centers have been affected the protests are now in their ninth day and began after a series of assaults against prison workers by inmates one of the hot spots being the flurry. in your part as it is the largest in europe holding more than four thousand and it's also used to monitor suspected extremists among them up the slum who faces trial over the twenty fifteen terror attacks stuff held demonstrations outside the prison on friday violence broke out. i. was just about as

today we've all come here for a strike because discontent is spreading across france the crucial problem is the security of prison personnel on top of that there's the issue of islamic radicals who are also kept in the jail who are not isolated from other inmates. i don't know would you lucia it's dangerous for us to be around the inmates because for them we are everything they hate for them we are enemies by definition. well with the blockades demonstrations spreading across france sharla dubin ski has been following the story we are day number nine this is the second week of the nationwide protests and we had the standard at least seventy prisons blockading yet again today now they started over a week ago. because three security guards at a prison in the north of france were attacked by an inmate

a convicted terrorist now since that attack took place in these protests have been happening there have been more assaults of attacks on prison guards in prisons in france heeding to prison guards who were attacked on sunday evening now that the prison guards say that they would is incredibly dangerous they feel is sometimes to go to work they fear for their lives because of the types of prisoners that they dealing with they say that in some prisons like that largest prison in europe that sometimes the inmates refuse to go back to their jails and this is a prison with a high number apparently of radicalized inmates so these are just some of the concerns that the security guards have they also say that they are very very understaffed with the suggestion that sometimes in that largest prison in europe there is only one security guard for every ninety inmates now i've been talking to some of the security guards would be lining the other concerns. to tell you to go

our work is very dangerous where with tins of aggression and. experience violence which is not taken into consideration by the government. it has become more and more difficult for us to actually be seen physical aggression towards my colleagues every day it happens every time we open the doors to support the new city we denounce the working in dishes of our colleagues in the prison the security conditions the numerous acts of aggression against them we want salaries to be increased for those who face such risks of work as well as an increase in personnel and better security so what all the demands of the prison guards well they say they want more than the one thousand jobs that they've already been offered over the next four years by the justice minister they also say that they won't radicalize prisoners to be isolated in prisons for their safety and they want to have. security services available to deal with situations we also know that the president

might go on this said that he will unveil a grand plan that the end of next month to reform the entire prison system in france but that still more than a month away and the question is ease action needed soon or the prison guards who remain blockading so many of the prisons in france say they needed sooner because they need to have more security conditions to work in immediately. germany's hanover report has witnessed a mosque brawl between turks and kurds as tensions flare over turkey's military incursion into northern syria we've got details after this. closure. when you don't. see the teachers who are.

there to court. what are the most true only ten spaces to. make. let alone. claiming to know servant is mostly that. alex you speak french. most of those are. the. good souls busy themselves or to to have .

just coming up to twenty minutes into the program welcome back to turkey's continuing military campaign against the kurdish militias in northern syria is causing tensions the flare as far afield as germany on monday kurdish activists protesting next to the turkish airlines desk at how an over port and up fighting with turkish passengers almost two hundred people were involved in the brawl which was broken up by police using pepper spray. was i was i was. i am. i am i am i out. the background to this one career began

its latest military operation against the syrian kurdish fighters at the end of last week in the midst terrorists and is concerned about their growing consolidation of power in northern syria for the call commentator adel darwish told us that washington must take a clear position on the hostilities and help the two sides work towards a solution the kurds will find themselves powerless against the law to turkey and we have see that they are fortunate to see his from frankfurt and probably other polices it could actually spill over effect europe a few people who see far away it's very very hard actually to the american foreign policy at the moment for those that americans have to explain to the allies of the world what is the least throughout the g. and the policy bonds to which. do the will. of peaceful so if it meant

in syria and. the political integrity or syria's edition is still well and number two do they actually want to end the conflict and seek peace. russia's defense minister has revealed that moscow is in talks with several nations over the purchase of a state of the art russian missile defense system with reporters artie's elite patrik. it's acknowledged as one of the best air defense systems out there it can strike eighty targets at a time at a range of four hundred kilometers even if they're travelling at five kilometers a second i'm always about to say an hour but no a second so perhaps that's why there is high demand as four hundred isn't developed technology still on the drawing board or sitting in a dusty warehouse it's on active duty in syria protecting russian units there.

the russian army's top man hasn't revealed the names of the system's next buyers but he did mention the regions the middle east and southeast asia used to wearing that part of the world right now mr scheuer who says whenever he's talking to army bosses from other countries there's always discussion about buying russia's defense technology so soon we'll find out who's next in line for the four hundred i say next because turkey has already got a contract and when they signed the papers it was big news sure that's

a nato member washington's key ally that's counting on russian engineering to keep its safe somewhere else that's military might is all but dependent on america is saudi arabia but a few months ago the saudis and the russians agreed on an ass four hundred deal as well china is getting it and india too let's see if the name of the next customer comes as a surprise. twenty four minutes past nine pm this choose the evening here in the back at the top of the hour with all the latest news updates stay with us more great to our team programs lie just around.

here's what people have been saying about rejected in the us a full on austin the only show i go out of my way to launch you know what it is that really packs a punch. yeah it is the john oliver of our three americas do the same we are apparently better than booth. and see people you've never heard of love back to the night president of the world bank very. seriously send us an e-mail. prescribe medication is widespread on the u.s. market and a frequent cause of death at that point in my life i just felt like everything was ashes my family was literally coming unglued i had actually planned. to commit some site watch all who has made antidepressants so commonly used we were doing what the doctors told us to do you know we were being responsible and what the real side

effects. was is terminally alter what i did was done on a cocktail of legal drugs. just because something's legal doesn't mean it's safe it's rather sad. that i'm a lot of trouble rather tough it out. before fourth down to care of. i'm going to let him but i'm going to catch him then you. can keep an eye on what i have food as a child with a truffle that it doesn't know. we don't want then our modeling on the show little it does. and model. number set up around the hey how do

you want to do it. and get this whole food place choice on yours or you haven't thought time in syria has said. she ought to give up somewhere else for that in africa will fuck around with mr hate for jim and then oil for her for food are fairly mundane for. the money. this is boom bust broadcasting around the world from washington d.c. bart chilton. coming up we'll take stock of equities get it sorry probably too soon we move fast around here we'll take stock of equities and half of

a list of stocks to do an analysis of some key companies and analyze their performance plus holland cook of the big picture tells us why baby boomers might be the most money consequential generation out there and we go to miami for the north american bit coin conference and then talk to jeffrey tucker of the american institute for economic research who was there for the conference but first let's get to a couple of stories topping today's business and financial headlines net neutrality the principle that internet providers like comcast and others and local internet and television service providers must treat all data on the internet the same and not discriminate or levy divergent fees by user content website platform or the app use that service providers business not discriminate that principle was overturned by the f.c.c. the federal communications commission on a three to two party line vote in december well now democrat senators say they hold more than fifty sen votes in an attempt to challenge the repeal of net neutrality

that means they have picked up at least one possibly a few republican votes this news represents a small glimmer of hope about the future fate of net neutrality and the fairness principle of access to well knowledge without net neutrality we have a century created a closed and captive media caste system where knowledge is basically being rationed according to a pew research study last year those who live in rural areas are. about twice as likely not to even use the internet as urban or suburban americans which have more choices for news and information and faster connection speeds the debate about the debate will continue and we'll see if those more than fifty plus senators might get a vote to overturn the recent f.c.c. net neutrality pullback. the news this morning is that i.b.m. international business sheens has reported higher revenue numbers for the first time in nearly two years and expects continued growth this year on the other side

of the spectrum amex american express saw the first quarterly loss since get this nineteen ninety two amex c.e.o. kenneth chenault all says it was do like other companies we've discussed in recent recent days on this program due to the tax bill that were passed at the end of last year well other stocks are making major moves this year let's bring in to the ever vested ballista arvo of stocks which you usually tells us about retail numbers but she looks at stocks every day so it's great to have you with us on this comment on this topic you want to comment on the i.b.m. and the amex numbers. well look at this same part good to see you and yes well i have a very interesting because the stock has not made brand new all time high since two thousand and thirteen and here we are we're in two thousand and eighteen so to have an earnings miss like this as far as the stocks reaction like you said they had

some good news in the report but their reaction was negative because the night before the earnings of stock was around one sixty nine and that a gap down in the morning and the pre-market around one sixty four and fell on the day so i just think that investors didn't see what they wanted to see with i.b.m. and it's really been lagging and it's had a hard time competing with the likes of microsoft which has been performing extremely well in this bullish market and how about apple stock you know they made that major announcement yesterday that they had a pullback and they were going to supposedly create all these jobs in the u.s. although some of those they were to create anymore their stock is near an all time high these days isn't it. yes actually i hit over one hundred eighty which is big news for the stock we're really getting closer and closer to that two hundred level which is i think what investors are looking for awful has earnings out february first so that's going to be a that's the biggest actually earnings night of the c.s.

and google amazon and apple all report february first after the bell so that's going to be a big night and investors are waiting for that but i'll tell you it generate a fortune came out and apple was announced at the top of their list for the world's most admired companies so apple is still up there and you mentioned about them creating these jobs the big news today was that there repatriating two hundred fifty billion dollars of their overseas assets into the u.s. because of this new tax reform and that it's huge not only is it huge for apple in the growth they're going to see and the u.s. with that money coming back it's also huge because the government is going to get some of that money taxed over thirty billion dollars and that's all going to go into the u.s. treasury now in fairness i mean their business they're not philanthropist there dude making this move because you know the corporate tax rate was thirty eight percent it went down to twenty one but that repatriation fee is only fifteen point five percent so while they are going to pay all this money as you say melissa

they're actually saving fifty billion buckaroos so it's also a big money decision for them now we talk about but what about google and alphabet for example how are they doing they were killers last year they still going strong . google still stronger than ever again made new highs with the market in the last calendar year as many times almost as the market did but i will tell you the biggest strongest stock on the market is still the beast of amazon it seems like that is headed right to fifteen hundred if it has a good quarterly earnings by anybody you know said head over thirteen hundred one over thirteen twenty five i think there's huge expectations for that whole sector attack of this year of two thousand and eighteen that a big year in two thousand and seventeen is a lot of expectations out for that sector to continue their growth this year particularly with the savings again with tax reform all these corporations are going to benefit from that and amazon just continues to expand and expand and expand although you mentioned about apple being

a company for profit which of course they are they still did not have to bring all that money back to the usa because we're going to be taxed on it which if they keep it outside of the u.s. they wouldn't be taxed on it so they still did not have to make a move like that it's probably my you know inquisitive and doubting former regulator mind at work melissa i just i see all these companies and we need them and they provide the economic engine to our democracy but when they make claims like we saw you know with with wal-mart that they're going to raise prices and then they're going to under their breath we're closing sixty sam stores i just get worried apple is already going to spend several weeks ago sixteen billion dollars in the u.s. in a single year so for them to say they're going to spend thirty billion over five years you know that doesn't really start my engine a whole lot but there are good company they make a great product you know and so finally before we go i want to get your take on gee i mean they're talking about a break up that would be incredible what your thoughts on that and on the g.e.

stock. well that's like going from apples to oranges talking about amazon and g.e. amazon is one of the strongest stocks in the market and gene is one of the weakest a well known stocks in the market right now and it's unfortunate the last time we're talking about a brand new all time highs the g. sol brand new all time highs was back in two thousand so eighteen years ago the stock sixteen dollars it does report january twenty fourth so that will be an important day for the stock however they haven't really performed in this bullish market they would have to literally got to the thirty six dollars level stockbroker sixteen so it would be a tremendous speak for them to get back up at an uptrend g.e. is in a down trend and to me it's really not a buy till it hits up over thirty six bucks a share right now and i mean that seems unlikely could it happen yes but i think it would more likely if it had even a good earnings rally so a little bit and then take its time moving back up they had had the new c.e.o.

came aboard in august of two thousand and seventeen and you really got to give the guy a chance to see what he can do here he hasn't even been at the home for a year so we'll see what he can do i mean he's going to try to turn the company around. super that is so fun to do a little round robin we want to do that again we love you on real to retail numbers that we love you on stocks most armor founder of stocks whooshed thanks as always thanks for having me. holland cook the host of the big picture here r.t. america did a really interesting show on friday and i've asked him to give us the cliff notes version for you all who who missed it hala you make the point that nobody is getting any younger and that's one reason why the book baby boomers may be actually creating a lot of economic ingenuity in our in our economy explain all that part every day in the u.s. a ten thousand people turned sixty five and in the next two decades another sixty

five million americans hit the big seven zero we baby boomers born in one nine hundred forty six to one nine hundred sixty four were the biggest generation in history until those millennial scame along yet we outnumbered boomers remain the most consequential generation on july one twenty sixteen something began and it will never end that day the oldest baby boomers turn seventy and a half the age at which by law they are required to begin withdrawing money from ira accounts this dough squirreled away for decades and earning interest is now flooding the retail economy. although we do occasionally ask a teenager for a tech assist boomers are tech savvy one reason young people are fleeing facebook for other social media platforms is that their parents and grandparents are there eighty three percent of boomers conduct online research before making major offline

purchases which busts another myth that as we get older we're so set in our ways and so brand loyal that we don't consider new products bony boomers are lifelong experimenters to our parents' horror way back when baby boomers are health conscious they purchase seventy seven percent of all prescription drugs and sixty one percent of over the counter drugs already expecting to live longer than any previous generation they spent on teeth whitening and cosmetic surgery and the golden years are now baby boomers control eighty percent of all leisure travel spending they've got the time and they've got the money there were forty million grandparents in the usa in one thousand nine hundred eighty there will be eighty million and twenty twenty and you know they dote on those grandkids so while millennia old media buyers on madison avenue figure twenty five to fifty four is

a demographic sweet spot the numbers say they're ending to a low that super excellence is why when you to come and tell our viewers thank you so much and if people want to catch the full monty version of the big picture we're going to get it you can see this most recent episode and all the shows we've done at you tube dot com slash the big picture our t. watch any time anywhere on any device thank you hala appreciate you being here that part. time now for a quick break but stick around because when we return manila chan talks china and economic numbers plus why have a little bit of a dicey debate about regulating digital currencies stated.

yes i was pretty good with the market but you can. help remove the last election i believe will move forward so we'll move when we don't and we will all soon but you know one of them stood up and we push it out so . can you can't you. understand and you can go to the middle of the scouts move you the blue coast believed to be. easy should resign you took stage. you will know the old bunch. the full secret of the armor issue you can you get other cronies up and you know my boss may be getting this old my suspicion of us they. were a bit coy mine here year ago better pick one of the nine hundred talk to profiteer that this was their year twenty seven say to to go.