in italy in spain today and by the middle of the week before this report came out the markets started to price away price away this september rate increase after today's strong numbers especially those strong wage increase numbers that we saw an average hourly earnings the market began to reprice back in that rate hike in september so that is the key takeaway i think from today's report very good point what are some of the things as we do look a little bit deeper into the report that stick out to you any particular sectors of growth or decline that interested you well again manufacturing construction trucking these these are just these industries are roaring but one asterisk that i would put on the report is that retail specifically department stores very strange job creation was three times what the norm would be for the month so that really

did raise an eyebrow and in fact revisions to prior months upward came from the retail sector now look we know that sears is every cent the announcer closing their seventy two stores so there was some quirkiness that i have to wonder if the statisticians there in d.c. with you part have things a little bit off because those retail numbers really did stick at stick out to me as being off but not in a good way. the never count on me thing out of washington they always mess up hey before we go down you know i want to ask you a little bit about the volcker rule you know the fed they've been busy they proposed some scaling back of the volcker rule of course set up as part of the wall street reform and consumer protection act as a way to get speculation away from a large investment bank so what's your take on the proposal. well i think it opens the door and my only concern is that there were other things that they could have done to help mom and pop investors some things that that dodd frank imposed upon

banks that really will make make especially fixed income investors much worse off in the next downturn i don't think that they needed to open the door for banks to hedge their portfolios because all you need to do to do is open the door a teeny bit and wall street will jump and make it into a chasm and that's my only concern really about what the the language that was introduced this week it's not that banks are allowed in words to put to to trade their own books but again the new verbiage allows them to paint hedging anyway there any any way they want so i think as far as wall street is concerned they're back in business i could agree with you more boy you would be a good regulator you'd be a great federal reserve governor danielle de martino big money strong author of fed up thank you daniel.

japan's softbank is playing to make a big investment in the future of driverless cars it was announced on yesterday that softbank vision fund will invest two point two five billion dollars in g.m. crews holding and that's the driverless car unit of the u.s. automaker general motors g.m. will contribute one point one billion dollars of its own capital g.m. stock rose thirteen percent on the news and also yesterday google self driving car spin off whammo agreed to buy sixty two thousand feet chrysler minivans for right hailing service that could be in business before the end of the year many allen analysts took the big investments from established players as a sign that the business of driverless cars may be moving from the realm of theory to commercial viability at the same time many technical challenge challenges remain and setbacks such as the recent death of a woman in arizona killed by an uber test car might hamper driverless technologies

going forward. earlier this week the u.s. commerce secretary wilbur ross ruled out the permanent tariff exemptions the e.u. had demanded as a condition for full trade talks boss ross's boss president trump has repeatedly complained of a trade imbalance with europe canada mexico and the e.u. all announced plans to retaliate with tariffs on u.s. products canadian prime minister justin trudeau via twitter called the u.s. actions unacceptable and promised a dollar for dollar retaliation on u.s. products mr trudeau also said canada will challenge the terrorists both at the w t o the world trade organization and under chapter twenty of the north american free trade agreement nafta mexico for their part said the tariff targets include u.s. pork cheese lamps and steel the e.u.

for its part target a list of products chosen to create maximum political pain for president donald trump and its allies in congress who trade commissioner cecilia mouth from while taking pains that signal and signaling more regret than anger called the u.s. tariff illegal and said that she will file a dispute settlement case with the w t o in a note of defiance ms mouse from quipped quote when they say american first we say europe united. and now we move to economic sanctions a very easy transition there's a lot of conversation about sanctions including on this broadcast but perhaps not enough time is spent considering the effectiveness of sanctions and here to help us do so is international lawyer an analyst in wilkie and thank you so much for being with us it's a pleasure to have you here give us all the boom buster sort of a hundred thousand foot view first of all on have sanctions overall been affected but not just for the u.s. but have these things really changed policies and people in governments just by way

of introduction thank you for having me this is my first appearance on the great and i love i think the more americans that have a pro-american patriotic military background such as yours truly on our t.v. explain the position from the perspective of the united states and from the perspective of patriotic americans the better particularly in times like today when we've got quite a lot of discord going on between russia and the united states couldn't agree more with more dialogue the better now sanctions have been around really since the the greeks and the romans were trying to influence the behavior of the philistines and the greeks and the romans. attempted to a million rate these conditions through economic penalties and you know that both those empires collapsed so the history started off not great the history of sanctions has always been as a prelude to armed forces meeting on the battlefield but when we when we look at more recent times i mean you know particularly like sanctions with regard to south

africa and apartheid that seemed to work are there examples of where it really has worked or are they few and far between south africa's a unique case because the world really came together there and sanctions are only as good as the amount of unity amongst the parties imposing sanctions on the sanction party and in two examples i would say in south africa you had a unity and consistency of approach and you also had it with. iran so prior to the formulation of the j c p o a you had the europeans the united states and others all jointly sanctioning iran and bringing them to the bargaining table that that country example worked in my view whereas pakistan did not pakistan on the other hand was under a very similar heavy duty sanctions regime and managed with the assistance of our russian and chinese friends to do an end run around those same sanctions that were

devised precisely for the the eventuality that came to pass in pakistan where in they got a functioning nuclear device in the i.c.b.m. so throwed it india before we run out of time let me ask you about u.s. sanctions on russia. because those seem to have worked with regard specifically to one particular all dark and solve the second largest aluminum producer sanctions on individuals seems to have some impact here what do you how do you think they're working out so far i think generally if there's individual culpability by by a single person a sanction against a single person makes sense if there is a russian government decision say visa v. events in syria or ukraine then a sanction against an individual russian unless they were individually culpable specific to that incident that you're sanctioning for then you get the apples and oranges problem and you're comparing two things that don't really compare well we've got way too much talk about we're out of time now but it was so great to have

you and i hope you'll come back we'll discuss this in the future and other things it will keep international lawyer and analyst thank you sir. time now for a brief pause but hang here because when we return we'll take a little tour of some conference facing serious and significant economic trouble. with noted economist author mike weisbrod and before we go i'll fill you in on a weird but certainly troublesome stroke of finance about the release of those jobs reports numbers earlier today that sensitive data and someone violated the law with the early release warning as we go to break hill of the numbers at the closing bell here about.

her. completely. legal. and illegal. about your sudden passing i've only just learned you worry yourself and taken your last wrong turn. to you as we all knew it would i tell you i'm sorry 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 feelings started to change you talked about more like it was again still some more fun to feel those that didn't like to question our arc and i secretly promised to never again like it said one does not leave the funeral in the same as one enters the mind it's consumed with the death of this one different person i speak to now as there are no other takers. same thing mainstream media has met its make. you never know what's around the corner you never know what's in the pub you can walk into a place that excitement is that not knowing that's where the adrenalin rush comes from. and you can easily move by definition and extremes to all four who support. the violence is a part and it's almost

a schizophrenia. where you can do all these things and behave badly. they're going to befall a horse collar for the law or for the point of course also for the last. honest man infirmed their role. in the start. of a broader where not by playing out really did a poll that would have. meaning in reason is that at least if you don't involve these constantly evolving. we have the privilege of being the most allied ally of the united states center will see tools and many other alliances promoted by the west and states in particular members or we also have the privilege of being the most

sanctioned. of bed to any group of countries so while it sounds contradictory it is contradictory and this shows that pakistan will do what is in its national interest it will not just rule with the one real do you. see in goods. the. secret indeed is the priests accused of sexually abusing children can get away with it which is a true they like to call this the do graphic solution so what the bishop needs to do then he finds out that the priest is is a perpetrator he simply moves him to a different spot where the previous vandalism the highest ranks of the catholic church conceal the accused priests from the police and justice system to that end

of that's known as the i and then finally managed to use this out and. said. welcome back hamburg has become the first city in germany to place restrictions on diesel vehicles a lawsuit from residents concerned about air quality compelled officials in the port city to include the diesel restrictions on the list of air quality remedies under the new policies diesel vehicles with out the latest so-called euro six mitigation technology name for the european emissions standard will not be allowed on two major roads while clean air advocate said the measure went too far or too limited rather the limits did mark an important cultural milestone for germany

diesel technology is actually something invented in germany and the country is therefore appeared reluctant to place limits on its own creation even as concern over diesel pollution is increased across europe. and argentina this week president morsi oh marci battled with the argentinean congress over his plans to impose austerity measures a part of a bid for help from the international monetary fund the i.m.f. on wednesday the argentinean senate voted. thirty seven to thirty to pass a bill limiting the president's ability to raise some utility rates mr marson vote vetoed the bill which is economy minister claimed would add three billion dollars to this year's budget deficit the president seeking to impose austerity on argentine finances in order to please i.m.f. negotiators as he seeks a thirty billion dollar loan this week he unveiled a plan to.