of the d j i a that's a lot so there is an impact to even everything not counting firms marketing firms you know food services travel so yes there's an impact but it begins at many jobs no right now from what i can understand based on how we've seen president trump operate this is just a tool to get the chinese to send listen you can bring your cars in our country and we're not going to over tariff you and then we'll match that here and of course you saw the e.u. jump right on board saying yes let's talk about automotive right away because that's the one that's going to impact them the worst especially germany because they bring in receiving b.m.w. audi folks wagon and other brands that are built in germany and they certainly don't want to lose money from the u.s. because we are still the largest auto market yeah why was it i'm just reading about you know the german exports and they don't china is number one but we're number two i mean we are a huge market for for them let me ask you about auto parts suppliers if i've been around probably too long i remember back in the days of what they had the acronym

was the moss talks back in the mid late eighty's on auto parts from japan but how it how important and depended our u.s. automakers upon foreign auto parts lauren well just you know about sixty two billion dollars is the automotive aftermarket industry it's a lot and i do a lot of work with the automotive aftermarket industry and i can tell you that they're all fighting but you have to remember a day make hurts as the cars go down the production line they also make the repair and service parts so the thing that they don't want is they don't like chinese perks coming in from other countries when a repair guys working out a car and he has a choice of going to his favorite auto parts store and getting it for five dollars versus ten dollars from the dealer and i originally part that belongs on the car you know if they're going to do their thing at the cheaper per because it creates higher profit margin and the problem is these parts typically are inferior a lot of components and parts you can see this year so when you buy a product. it's built in china versus a problem that's built in the u.s.

you're going to get better quality product here and you can see that when you look at some of the brands that are built here and so this is something that i think they're very concerned about the automotive after market wants the products to become to come from the u.s. but also as cars go on the production line you know the unions want this they want jobs and those jobs are based on the automotive aftermarket and the industry itself you know unfortunately i mean your god hundred percent right of course you are you're the car coach but you know a lot of these products even though they're more flimsy may be made in china but they they do end up putting us apart suppliers out of business and then the only alternative you have is the inferior albeit cheaper product and once the other competitions gone that maybe it's not quite as cheap as it used to be and that brings us to suppliers lauren and and sorry flyers have become pretty vocal in their opposition they're concerned rather about tesla their financial circumstance and there was a a survey reported by the wall street journal earlier in the week and what do you

make of it what are the suppliers concerns about tesla you know if you step back and stop looking at all the excitement that's on twitter and all forms of social media i mean it's kind of not helping his company at all when internally they have asked for suppliers especially smaller suppliers to extend the terms which are already are extended over one hundred twenty days and he's saying we might have left him and terry that would typically be parts for the system for repairs to be returning get a credit of course manufacture so i called up we may be specifically for you based on your tool and what are we going to do with all these parts and so they need money to in order to pay their employees and so smaller companies and i do know a few of them that have supplied that still haven't gotten paid are very concerned because without that they can't pay their employees and it could put them out of business and we're very concerned about what's going to test so we get the q three numbers will know whether there is a future or not it's so easy to say that the saudis here are interested but they've already backed down the. i mean they're not interested in their vehicles never pick

their showcasing a competitive deal this weekend at pebble beach so there are already saying we don't need you will just make our own thing and so you're going to see a lot of competition which might hurt him and then losing that tax credit will also her brand very interestingly lauren before we let you go let me ask you one other thing and new news out that ford is recalling some of their fusion energy with a g i at the end i guess their electric cars what's that all about these are the charging courts that go into some of the eat products they sell that are plug ins so from the from the car to the wall or from the car to your charging station they're saying that there's potential fire which means something to do with the production of the product which obviously is not made internally it is a company that's helping get the parts from china but we'll find that out soon and they'll be sending out replacement cables to those people that are affected and let me say just for our viewers so you don't get freaked out about if you have a ford fusion these are the two thousand and thirteen to two thousand and fifteen cars and their energy cars with a g.

at the end so those are the ones you've got to check check on lauren fix the car coach and president of the two thousand and eighteen car utility and truck award of the year thank you lauren thank you. the u.s. securities and exchange commission has rejected a proposal by pro shares directs on and granite shares to allow it crypto currency based exchange traded fund or e.t.f. we've spoken about this a few times on the program had the f.c.c. approved the e.t.f. many think it would have boosted krypto prices and as we squeeze in a quick break here because when we get back the doctor is in the house dr copper that is we'll talk with john mothers all of i.h.s. market about the perspective economic prognosis many believe dr copper provides and little journalist molly barrows from national trial lawyers magazine joins us for the latest on the business and dangers of baby plus some people are getting.

gasolene it was interesting in an innovative way hardy correspondent actually banks tells us the story as we go to break here are the numbers of the closing bell down day priest stocks and bit going after taking a hit rebalance and then slightly up as you want to air just above sixty four hundred bucks we'll be right back. lol. unemployment rate is down the labor participation rate is high so this goes against all the doom mongers before the election to trump and of course nobody in mainstream media wants to focus on this because it be lies there and spears the theory. in

a world of big partisan movies has a lot of things and conspiracy it's time. to dig deeper to get the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks.

welcome back there is hot net neutrality news today as verizon is under fire for reducing internet access beads for firefighters firefighters who are struggling to contain the mendocino complex fire in california and then pushing the firefighters to buy a more expensive package plan officials in the sent to clara county fire department presented e-mails this week that show a text after for the fire department pleading with horizon quote please work with us all we need is a plan that does not offer throttling or caps of any kind of rise in account

manager then suggested that the firefighters struggling to save homes and lives pave arisan more money for a service that they had already purchased santa clara county fire chief anthony bowden said in a statement quote while horizon ultimately did lift the throttle and it was only after the county fire department subscribed to a new more expensive plan the gratuitous greed came to light as a result of a lawsuit filed this week by public officials including twenty two states attorneys general which seek to restore net neutrality policy is that would have prevented this borderline extortion but have eliminated been eliminated by chairman ajah high and the us federal communications commission. and turning from wildfires to hurricanes and rising sea levels it looks as if there's an unusual suspect it's knowledge ing the threat of climate change to coastal infrastructure it's big oil as the associated press reports the state of texas is seeking more than twelve

billion dollars worth of refinancing or financing rather for a sixty mile stretch of seawall seawalls along the gulf coast to protect thirty petrochemical processing plants and refineries that produce greenhouse gases fueling stronger hurricanes one year ago. hurricane harvey which inflicted roughly one hundred twenty five billion dollars of economic damage what strengthening and route to texas making landfall on august twenty fifth now critics of government spending and climate change deniers including u.s. senator ted cruz are calling for the federal government to pay for the texas project even as the lone star state sits on get this eleven billion bucks worth of a budget surplus and their so-called rainy day fund sometimes politicians positions are like the weather wait a while and they'll change. and speaking of the weather a bellwether for economies and industrialized countries it's often the bell that makes the base metal rather dr copper as it's often called it's often used as

a prognosticator of the economic future and here is an interpreter of the good doctor is the director of research pricing and purchasing at i.h.s. market john mother still john welcome thank you for coming back it's so nice to have you in studio again pleasure to be here thanks ok so copper since we spoke with you here june maybe. continued a slow slide did a bit going on that but it's continued that slow slide what's going on i think it's a combination of factors i think it is certainly the trade anxieties are weighing on the outlook for copper ski consuming countries where markets and in particular china so there's this anxiety about what the future growth in china is going to look like and then in combination with that we've seen an appreciation in the dollar and then we've seen investors reposition themselves in the market and i think the combination of the three there are fundamental reasons for that this anxiety about potential future fundamentals and then you add this added momentum from investors and then we would so we've had this sag pricing that's continued now

into august let me ask you and i know this is a base metal will talk about a base question so when we talk about use this term dr copper it's because copper is used in so many things with structure but explain the type. things that it's used in the sectors that are impacted primarily by cop sure it's construction obviously the utility industry the utility sector electrical machinery and equipment and then you know for copper it's now been tagged or it's now sassoon into the new sexy industries tech associated with it especially electric vehicles electric vehicles also throw all of those reasons copper gets paid attention to but mostly because one of its important markets construction is generally seen as a leading indicator and it's construction there's i guess there's plumbing and there's wiring and those are the main the main things right so when you talk about china waning and that having an impact on on copper if we look at where the copper in the world goes is china number one u.s.

number two even number three how for the world's market is china about fifty percent hassles and then as it is with a lot of commodities and then when we look at the other big of merging markets brazil india mexico indonesia taiwan thailand excuse me they represent collectively along with china about sixty sixty five percent of total global consumption so what really matters are the emerging markets not countries like the united states or the e.u. consumption there is still relatively higher stronger large but it's not growing anywhere near as rapidly so now i come up with a quandary so we've been reporting in all these q two earnings reports and not every company but by and large are doing gangbusters s. and p. reached its all time high a record matching a back record bull run in these stocks so my thought is that all of the sectors are doing pretty well so why is copper down again it's this concern that the

outlook for china in these other big emerging markets is going to grow there is going to slow slow bore than the market had been anticipating because those markets look like it looks as if global growth is peaking now. and i think what markets are now trying to grapple with is how much in particular do these big of emerging markets slow. talks or this brewing trade war especially between china the united states has the market concerned that the slowdown might be a little faster than they had been foreseen or even into supporting no slowdown so there's one there's the end to supply a shot of what might have been and you know we all know traders or you could trade on anything any little little thing dr copper or anybody any other doctor right but what about the actual market fundamentals what about the supply and the current demand are we at some sort of equilibrium or is there are there are prices down because there's excess capacity and it's

a very good question right now the market's in a modest deficit condition we actually see that deficit condition narrowing as we go across the year and our expectation is that when we end twenty eight will see a market in rough balance but looking to twenty nineteen we see the market moving back into a modest deficit condition so now you have at least this fight between what we perceive to be fundamentals of reasonable support for pricing going forward versus this anxiety that consumption growth might get marked down which is causing the softness in prices right now this is so interesting we don't have much time to give a long answer but what are the major companies the major mining companies that produce copper what are the top two to report that report and then could delco the chilean national company down in chile chile of course excellent so insightful so interesting john.