this is boom bust broadcasting around the world from washington d.c. i'm bart chilton. and coming up there's been some rapid expansion in the hotel industry both in the u.s. and around the globe will talk hotel with the word or did the president and founder of stroll mark plus or some reaction from china to the trump tariffs will have an expert panel of alex mahela bichon caleb moment give us the latest and sort some of it out all that ahead but first let's get to some headlines the march of our lives

took place in cities around the world over the weekend including right here as protesters filled the streets of washington d.c. with young people and allies demanding an end to the epidemic of gun violence in the united states eight hundred thousand people are estimated to have taken part in the d.c. march most prominent among the student leaders were survivors of the shooting at margaret more dri stoneman douglas high school the school in parklane florida six minutes and twenty seconds with an a r fifteen and my friend carmen would never complain to me about piano practice erin fice would never call kiera miss sunshine alex out there would never walk into school with his brother ryan scott beagle would never joke around with cameron at camp helen or ams he would never hang out after school with max do you know montel joe would never wave to her friend william at lunch watching all of her would never play by. if always sam are doing i mean it

would never carolina grimwood never chris hansen would never call year would never marxism do k.-i we are no it never peter language never. would never to me gothenburg would never have maddow polic would never pretty powerful stuff marchers demanded a ban on assault weapons and high capacity magazines as well as closing the gun show loophole on background checks meanwhile after dick's sporting goods recently announced an end to sales of assault rifles in its stores they posted a weak sales report some gun rights advocates rejoiced however analysts say dick's bad news said more to do with excess inventory and price pressures from competitors then gun policy change will have more on that and keep an eye on the story on this front firearms manufacturer remington officially filed for bankruptcy on sunday with their c.e.o. citing falling sales severus capital management will divest itself from

a stake in remington while franklin templeton management and j.p. morgan asset management will trade remington debt for company equity also citi group announce a new policy in recent days that will require all new retail sector clients to only sell firearms to buyers who pass a background check. u.s. congressional leaders passed the spending bill last week as a rule we reported but they left out one important item with some but big political and policy implications the insurance exchanges created under the affordable care act a ca or otherwise known as obamacare needs steady infusions of federal subsidies to private insurers among other things the subsidies promote profits for private insurers in exchange for covering people with low incomes last year us president donald trump ended the payments in an effort to dismantle the health care law a bipartisan group republicans democrats alike had been pushing to extend the subsidies

but were unable to get a solution into the spending bill making action before this year's midterms election very unlikely the congressional budget office c b o says insurers already have increased premiums by ten percent to offset the loss of those subsidies the next rate announcement and almost certain increase is likely to hit the news just before the midterm november elections. job openings in the irish hotel industry have spiked the irish times reports that the number of unfilled bartending and concierge positions increased by eighty percent from two thousand and sixteen to twenty seventeen since two thousand and thirteen the number of unfilled chef jobs has increased by roughly one hundred fifty percent but it's not only in ireland that the hotel industry is expanding its occurring in many places around the world and here to discuss expansion in the hotel industry in this

state and around the globe is the founder and c.e.o. of stroll mark henry ford it's hilary thank you for being with us again you're always such a wealth of information on many topics we've talked about this i think very early in the beginning of the year but other than sort of the economic fundamentals of supply and demand what's going on let's start with the u.s. what's going on here quake a back again and yes spot you're right there's a tremendous amount. expansion i think that's no surprise to everyone because of course the economy is doing well and the economy is doing well we have more money to spend but it's this demographic bubble this demographic bubble is from the baby boomers from the second world war and as they always say you know you're not going to take it with you so i think there are there are people that are coming into that era now of retirement from the first baby boomers are getting into that era and they're looking to travel so the u.s. has a tremendous amount of expansion and globally as you mentioned. you know there is this supply and demand issue but if you look at specific areas like luxury hotel yes seems like they're going after they're growing faster and why is that and are

they trying to differentiate themselves as luxury brands yes they are they're pulling away what they're doing so is they're following a number of trends that are merged and they have been very good in terms of looking at whether it's the p w c study or other studies which are showing the what's going to happen so they going for wellness and talked about that before there are some of us who who do want to and others who want don't want to work out i was a minute here we go we don't you know i don't you know i think i think you're right in my way for the wellness stuff i should so i'm converting not because you but i'm hurting ok was she and i on the same wavelength then but it's the health but also there's a huge new trend that's emerging and that's called solo travel where these travel industries and companies and a lot of that's happening in the u.s. in the divorce rate has been high for many years you have these single what they're calling loan families the new family law loan families that's a that's a big trend another trend of course is the one for the adventure holiday that never happened adventure vacations that's big and also

a merging travel to emerging locations places that people didn't go to sort of before the average american you know. there's a tiger monastery people are going to now things that are things that we weren't doing that we normally haven't heard of previously that's a big deal also a big deal our cruises that are becoming more sustainable smaller cruise ships and some of them of you does more in. and that has a bigger pool appeal among star older people a smaller group a more specific in terms of maybe a specific interest another one is in terms of less adventurous but nevertheless an experience cooking holidays foodie trips food is a big motivator to healthy people but a food trip with cooking lessons involved that makes a lot of sense you know there are places around here where you travel when people are doing the cooking classes it's a big open window and everything and i could see people you know going to i don't know room or venice or someplace or you know paris and doing cooking the holiday

and one of the biggest interesting places i think we're actually i wouldn't have thought of this i don't know if you have but when you think about the peace in the middle east now actually palestine has a fifty seven percent increase in tourism room yes a great amount of travel to palestine because obviously with the peace and. hilton has opened seven new hotels in egypt so that part of the world there's a lot to see a lot of historic sites to visit and to quickly is a big hot button for retirees and the whole baby boom we keep talking about talk about some of the other areas you hit the middle east a little bit you and i were talking earlier about the hilton moving into turkey but what about asia what about other places around the world you actually you know the trend that is also there that's happening within asia it's called winter travel winter travel is viewed now i think it's seventy three percent of americans said that they would be up for traveling in the winter and not for climatic reasons in other words not just going to florida or somewhere warmer so this bodes well for for example the chinese our winter festival her six received more visitors foreign

visitors than ever before last year also in the arctic number of hotels of opened up. locations there and also seeing the the sea there is where you are not you the northern lights northern lights right northern lights and then also northern sweden is a big destination now as well as a lot of finland i think it's the eskimo experience or. there's a reindeer adventure trip that people want to go on a regular monastery that's like a month or so the raid their monastery right tell us we're talking not only to want to. write i get we get you i mixed you up on that so we're going to talk about china tariffs after the break but what's going on with china i mean people traveling there a lot is it primarily beijing and shanghai or is it all over actually it is and it's the biggest number one destination in china is the great wall yeah right well when you go there you go to beijing you have to say you'll be taken by all the jade factories in the right so be careful when people try to go there right because

there are it's almost like a timeshare if you're not careful. less thing i wanted to ask you you talked about trans eccentric but are hotel chains are they really catering to millennial you talk about baby boomers but is millennial is another target group for some of these larger hotels has been but that is a member at the beginning you also about luxury travel it that they don't have the same margins that they've actually gone to for millennial this eco space these tiny rooms manhattan is a big lead or not with these tiny rooms ecofriendly in terms of size and they don't even have a call often elem know exactly that they don't have a closet and some of them you know i've been to those. not not great time and they're very economical that so many don't want the job they want to but in on the call relative to other things there's still hundreds of dollars i mean what in your particular in your particular thank you so much great hilary for that stroll mark c.e.o. and founder we preach it you're being with us thank you thank you so much yes. and

it's time now for a brief pause for the promotional cause but stick around because when we return we'll talk trump tariffs on chinese asian and oceana reactions with our expert panel alex mchale if you cable. plus some big upward stock moves today after that pretty poor day friday and here are the numbers at the closing. seems wrong wolf just don't call. me. yet to say power these days comes to active. and engaged equals betrayal.

when so many find themselves worlds apart we choose to look for common ground.

welcome back a billionaire ally of turkish president aired one is about to buy some of the few remaining media outlets that are not currently aligned with the self described islamic leader heir to one demeanor and holdings conglomerate is set to buy a daily newspaper her yet as well as c.n.n. turk from its current owner in a deal worth about one point about one billion dollars did mirror and bought two other new newspapers in recent years which changed their line from secularist and critical to supportive of the heir to one government the committee to protect journalists says turkey has jailed seventy three journalists the most of any country in the world. and tensions are rising on the iberian peninsula after the former president of catalonia charles de puget mont was arrested by german police on sunday demonstrators demanded release in

a protest outside of the european commission's offices in barcelona and in other locations across spain in catalonia the leader could be sentenced to twenty five years in jail if convicted on spanish charges of rebellion and the dition for his role in the cattle an independence referendum. france's a year ahead of schedule on bringing its budget deficit in line with the european union according to the french office of national statistics the deficit will be equal to two point six percent of gross domestic product for last year down from three point four percent in twenty sixteen the government was aiming to bring the deficit below three percent of g.d.p. sometime this year this is the first time france's complied with the e.u. guidance on deficits since two thousand and seven. and on saturday it only moved one step closer to forming. new government leaders from the reformist five-star party and the neo fascist northern league reached an agreement on electing

parliamentary parliamentary chamber leaders a leader from the league's electoral alloy allies that forza italia tahlia will lead the senate while i five star deputy will leave the lower chamber while the form a coalition agreement is not yet struck the northern league and five star leaders have apparently developed trust and rapport in recent weeks. the u.s. and south korea have agreed to a revision of their trade agreement south korea agreed to a quota of two point six eight million in steel exports to the united states in exchange for exemption from recently enacted tariffs the new quota is equivalent to seventy percent of south koreans average annual sales to the u.s. over the past three years on the other side of the ledger south korea agreed to double to fifty thousand the number of u.s. cars that are imported to bet country without making meeting local safety requirements. and china was the most active block chain patent filer last

year data from the world intellectual property organization so that china has filed more than four hundred six block chain patents last year china filed two hundred twenty five patents compared to i'm sorry that many in total china filed two hundred twenty five patents compared to the us which filed a mere ninety seven patents however this does not take into account that not every company patents all discoveries and it doesn't guarantee that the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are to two. trade experts alex mahela vetch in toronto and caleb walton in new york gentlemen thank you so much for joining us caleb let's start

with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent history this is a country that is essentially pulled itself up by its own bootstraps you know seven hundred million people lifted out of poverty at the time the chinese communist party first took power in one nine hundred forty nine there was not a single steel mill in china today china produces over half the steel in the entire world now as you're probably thinking and making reference to you know they do have five year development plans that's kind of a staple of their marxist political heritage but they actually published a document in two thousand and thirteen where they made reference to what they referred to as a two hundred year vision for the country thinking two hundred years into the future and the chinese communist party they're leading the country i mean the china

does have you know every day another chinese person becomes a millionaire they've got many billionaires but at the end of the day the party is in control and they're planning out the economy in a centrally in their national interest now you can bet that you know china has a two hundred year vision but you can bet that were included in it you know they're not calling for china to isolate itself from the rest of the world the way that they see it in the documents that they have published the world is getting smaller and the hope for peace in the world is human centered sustainable development and technology that's what they see they say the world is getting smaller we're getting close together and we need to have a world where people are taken care of people have what they need people are trading with each other people are getting wealthier people are making money and it's an atmosphere of cooperation they argue that you can't view politics and geo politics and international relations as a zero sum game you know the buzzword in china these days is win win cooperation and they're absolutely outraged about these tariffs that are being imposed and they

argue that it's just not realistic in the twenty first century to think that you can build a wall around a country and isolate the world and if you do that that's not going to lead to peace will be one of the. the sentiments among a lot of commentators is that they the chinese had not reacted as strongly as some might have have thought with potentially the fifty billion in additional tariffs in addition to steel and aluminum and in the u.s. the concern among a lot of folks is food and agriculture that's our major major export and and alex you cover this a lot on ag products particularly with nafta which has been a big bonus for u.s. food and agriculture what are the potential problems for us food in agra three guard to asia trade in particular alex. well it was of what scale of said this when when cooperation view from china seems to be donald trump's point of view as well as trouble could be down the road but is it really down the road we saw the markets

bounce as you mentioned earlier today and out on word from people like steve minutia who has basically said you know what these things are going to work out with the talks with china they're going to happen and is that just might work out and that's exactly the way china looked at it that's what i was basically saying last week to say i told you so but i don't really hate to say i told you so when i'm writing this way because the fact of the matter is donald trump is playing a certain game he understands where china is coming from and china understands we're donald trump is coming from it seems that it's one of the few countries in the world when he says jump they don't say how high they know what his plan is and how he's going to break it down but if china had to step back and actually get into a trade war with the united states of america there would be some products that would be top of the list such as soybeans they bought tons of soybeans from the states pork is a massive import to china from the u.s. we're looking at the aerospace industry we're looking at the car industry china knows where to hit if it has to but the chinese are ready speaking

a different language because they know what donald trump language is and that is come in there with a big stick but really the man from the very beginning is wants to get into the goshi nations with china and this is what's going to happen we heard last week you know what everybody was saying on every other network oh you're drunk trump is or the united states is going to slam trying to with sixty billion dollars worth of tariffs well that it just wasn't true because there had to be fifteen days first of all where the united states are going to figure out what these tariffs are going to be and then another thirty days to sit on it and scratch your head and wonder what are we going to do with this so the plan from the very beginning is to do exactly what's happening now and that's a push china into talks and china is ready to talk in negotiations well you said so many things there alex but. with regard to agnes where we just leave leave that this comes at a time these potential terrorists win. agriculture in the u.s. has taken some really pretty large hits over the last several years with farm and come down as we reported here on the the program but you also mentioned autos and

kaleb i want to ask you about that specifically the chinese place with twenty five percent tariff on u.s. autos going in to china while the u.s. only levies a two point five percent tariff although we do have a twenty five percent tariff coming in for chinese pickup trucks but how do you see this all working out i mean all of those are a big deal you talk about job growth in china and here it's really important what he thinks going to happen. well let's back up for a moment now at this point china makes more cars than the e.u. the usa and japan combined it's roughly twenty six percent of the global car market and at this point we're also seeing that the quality gap between american major imported cars and domestic chinese cars is being eroded and the chinese leadership is essentially at the point where they're saying that look ok that if if you know some high tech billionaire in china he wants to import a cadillac that's made in michigan he can afford to pay more for it this is

a lot sharee thing but mastic lee that they should be utilizing the domestic car manufacturers there's a lot of different car manufacturers in china you've got your state owned enterprises that are making cars you've also got a lot of different start up companies and one thing that china has been doing is they've really been transforming the international car markets by pushing electric cars they just puts push these new regulations that one out of every ten cars that's produced in china and one out of every ten cars that's imported into china must be what they call a new energy vehicle the doesn't run on gasoline and this points to a bigger question for china on the global market because there's very very little domestic oil production in china they are dependent on oil and imports of oil and gasoline that's why they are building pipelines with russia like crazy that. why they're looking to protect the south china sea and secure the trade routes make sure they can keep bring in those oil tankers in there because they depend on

foreign oil so the chinese government has done a huge amount of investing and promotion of new energy vehicles alternative energy because they see this ultimately as a weakness there's been this huge growth in manufacturing in china over the last several decades but it all depends on foreign fuel is and that's something that they're trying to work out now interestingly we've seen that these rare metals that are used in the manufacturing of the batteries in electric cars the price of these metals are going through the roof as the demand has just skyrocketed due to the new regulations that china has put on car manufacturers basically stipulating that they need to start transitioning toward non oil and non gasoline based fuels out that they need electric cars in china so you know china is a major major player in the international auto market you can be sure that you know the heads of g.m. the heads of chrysler they are watching what the chinese government is doing and what they're essentially telling to the essentially state controlled domestic car

manufacturing industry in china you can bet that they're following it very very closely china is a major player in the global wal-mart in the global car markets no question about it alex tell us a little bit about some of the other countries in the region oceana in australia etc how are they reacting and maybe australia may have got news from. terrorists but how are they reacting separate from china we're going to hasn't got an exemption i would be japan japan is a big one and it depends on important here because japan from the very day that donald trump came in as president though of all you they've been really trying to suck up badly remember a given number four thousand dollar golf club you thought that was going to translate into better relations well donald trump and his administration are saying you know what japan we want to better deal just like we want to better not to do just what we want to better deal with china we want a better deal with you as well we do not like this. trade deficit and that's the method that's being sent loud and clear at this point to japan they're not playing favorites of the term but ministration blat gets to lead just somebody you just

mentioned a little bit earlier south korea they have an exemption they're the first ones actually to sign off before the may first deadline were donald trump and his administration are going to figure out if we who's going to get these steel tariffs aluminum taylor terrace kicked in or not while south korea is off the board now so korea is also a very important partner with tackling north korea asked for australia new zealand well australia is just trying to keep its nose out of everything right now their biggest trading partner is china they're in that neighborhood so they don't want to be hit by anything that might happen between the states and china as for new zealand you know there again they're trying to secure the sixty billion dollars worth of goods that they export a year they really want to keep their noses out of this and makes a lot of sense for these countries to stay as neutral as possible when something like this comes up they don't want to see a trade war and really when it comes down to the bottom line is nobody really wants to see a trade war these are trade talks these are ways of initiating trade talks i might be a little bit more bullish than what we've seen in the past but it seems to be working and people are listening we are always wiser when we listen to you guys it's so

great to have not just our key correspondents but trade experts thank you so much alex mahela vich and caleb moppin thank you for your time thank you. and thanks for watching be sure to catch boom bust on you tube at you tube dot com slash boom bust artie we'll catch you to morrow. a play for many clubs over the years so i know the guy even saw you guys. football isn't only about what happens on the pitch for the final school it's about the

passion from the fans it's the age of the super money billionaire owners and spend each image of the twenty million one player. it's an experience like nothing else i want to do because i want to share what i think of what i know about the beautiful guy great so one more chance for. peace is going to. join me every thursday on the alex salmond show and i'll be speaking to us from the world of politics small business i'm show business i'll see you then. about your sudden passing i've only just learned you worry yourself and taken your last wrong turn. to caught up to you as we all knew it would i tell you i'm sorry suddenly i could so i write these last words in hopes to put to rest these things

that i never got off my chest. i remember when we first met my life turned on each breath. but then my feeling started to change you talked about war like it was a cave still some more fun to feel those that didn't like to question our arc and i secretly promised to never be like it said one does not leave a funeral the same as one enters the mind gets consumed with death this one differs i speak to you now as there are no other takers. to claim that mainstream media has met its maker. just. a little bit of that was the service i. was going to get it the most that the sets were little and.

little. do you. balance among does justice to the victims of a huge shopping center far in the russian city of camera which left sixty four people dead on sunday. the little under your feet is real bad. until you even get it and i would still be. president putin visits the city to pay his respects promising that those responsible will face justice. people got a cross russia to commemorate those who lost their lives as authorities declare

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