khan has said that they will formally scrutinize the sixty two dillion dollar portfolio of investments in pakistan related to be r i pakistanis role in b r i s formally titled the china pakistan economic corridor pakistani officials reportedly informed the chinese foreign minister of their plans in a meeting yesterday mr khan who took office less than a month ago has little room to maneuver as he tries to sustain foreign exchange reserves and ménage pakistan's growing debt much of that debt is owed to china and that has invited u.s. secretary of state mike pompei o to rule out loans from the international monetary fund or i.m.f. as a remedy mr pump aoe has disparaged the idea as a bailout for chinese investors. and the belton road initiative has also hit a bump in malaysia as the new government under returning prime minister mohammad has confirmed the cancellation of a set of pipelines related to energy totaling nearly three billion dollars the

cancellations of the three specific pipeline projects follows a previous suspensions and review of them the projects are seen as key belton road efforts another belt road project the twenty three billion dollars east coast rail link was suspended in july and is still under negotiation mr mohammad has consistently expressed concerns often quite boldly about specific b.r. related projects and other chinese investments on a state visit to china last month mr muhammad rattled his host by expressing concerns about quote a new version of colonialism in relation to chinese investments calling for what he termed fair trade policies that recognize disparities in wealth between partnering nations as a candidate mr mohammed flatly said we gain nothing from chinese investment. we now turn to the jobs report and take a particular look at why. wage growth for workers to do so we are pleased to be

joined by danielle de martino book the c.e.o. quill intelligence danielle welcome back thanks for being with us that is a pretty good jobs report two hundred one thousand in august the the unemployment rate remained the same three point nine percent which was great even though the june and july numbers were reversed down both being reduced by a total of sixty thousand cumulative the average monthly jobs increase for this year is one hundred eighty five thousand per month these represent the ninety fifth consecutive months of u.s. drone job growth i mean that's pretty incredible i mean overall things are going pretty well right it really is a startling run that we've seen part and we're seeing quite a bit of resilience for being as late in the cycle as we are at this point you actually expect to see a tempering in job growth which we really haven't seen which speaks to some of the extraordinary environment that we find ourselves in the economic environment that we find ourselves in where there are too few skilled workers to fill open positions

which takes us back to that first subject you raise which is which is wage inflation well let's talk about that a little bit i mean that has been sort of the achilles heel of the missing ingredient in the economy is wage growth and it's not just been a couple of months it's been for years and then all of a sudden we actually see a pretty good report on friday when the jobs report was released and i think two point nine percent which is increase that year over year not just august year or year from last august or the august which amounts to ten cents that's really good news right. you know it is i would temper the enthusiasm a little bit because there was there was some seasonality involved in it a very weak august two thousand and seventeen number was kicked out of the mix so we might see a little bit of payback when we see the september numbers come out but i think the real point that we should be looking at is that if you consider that inflation is running at a decade high it is finally on par with wage inflation in other words if there was the it goes well that p.p.i.

really does speak more to what you were speaking about a moment ago which is companies costs and when the p.p.i. goes up that means that that company's margins are getting compressed because whatever their input material is to make whatever they're good or services is going up at a faster rate that actually puts companies on their back heels and makes them more compelled to try and reduce their biggest line item that they can control which is their labor cost but again as i said earlier the most encouraging thing about the run up that we've seen in inflation is that wages are finally keeping pace with that such that households are not falling behind anymore if we were to start to see a break away once again when the c.p.i. was running at appreciably faster pace than wage inflation of course that becomes problematic and i think that jay powell and those at the fed myself other economists and strategists who follow the markets are going to have an eagle eye on those data points in the september report in the november report going forward for any signs that this second longest expansion in u.s.

history is losing steam we can't thank you enough for your help in explaining all of this daniela really insightful and just this helps us all help me danielle de martino both the c.e.o. of intelligent thanks daniel appreciate your time thank you. the one point four billion dollar orange juice industry has a new leader or choose nicolas o'donovan reports from miami on how brazil has overtaken the united states. orange juice is big business according to the department of agriculture the average american drinks around twenty three pounds of orange juice per year florida california and texas all grow oranges but the sunshine state is the source of most of the fruit that makes its way into orange juice but the reality of the matter is that a big part of the product isn't actually from florida at all it's from brazil so juice labels that once read one hundred percent florida juice have been changed to

read one hundred percent juice in fact today more than fifty percent of all orange juice bottled by major u.s. companies such as tropicana or simply orange is supplied by brazilian companies and shipped up from the south american country in specialized fruit juice tankers for decades orange juice production has been growing in brazil in twenty seven danes the orange juice export market was was a staggering one point four billion dollars the u.s.d.a. estimates that brazil's total output of orange juice will rise around fifty percent this year with exports rise in twenty eight percent and brazil's production lead over the u.s. has doubled since two thousand and three and that gives us an idea of what things could look like for local farmers in the near future but brazilian produces on only

dominating exports they use in the benefits to come here to florida and buy out production facilities effectively make in brazil a thigh a natural backer for much of america's orange juice brazilian production isn't the only thing hurt in the orange juice industry here in florida back in two thousand and five the citrus green in disease affected hundreds of grows across the . resulting in a fifty five percent decline in production over the next decade since then florida's orange grows have raised prices by nearly two dollars per gallon coals and bottle is to turn to cheap brazilian origin shoes and then last year we had hurricane plundered florida's orange belt leaving a trail of up rooted trees down fruit and flooded the grove making it even more difficult for local grows to compete. with picnic o'donovan for that juicy report

sorry time now for a quick break but stick around because when we return remarkable story a lecturer at american university joins us to discuss media giant c.b.s. is chairman and c.e.o. les moonves prepares to leave amid the scandal what does it mean for the story company without its important and influential leader plus artes actually bank reports on the changes afoot at the global food company. they are taking a turn away from fresh product offerings as we go to break here the numbers at the closing bell back in a place. of

its face for the next actual threat like china becoming a superpower and will get its act together and like we did during the cold war after russia put up sputnik the u.s. landed on the moon that's why mention the moon and look at it we have an existential crisis coming down the path guys like trump and other entrepreneurial. leaders will mobilize the country and i walk on this challenge because right now america doesn't have anybody else out there to play with the. i'm sure. you know world of big partisan movies lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the 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 washing clothes for watches the hawks.

prosecution will need to become almost. a full focus on. where you can push us to stretch and finds somebody number one plus you do i mean yeah i mean i mean political pressure on the god you've. told to know through security jenison knows where to put your kind of business models he was my american corporations. he's sold them good mental disease as an abuse. on the scene and then the solution. lies up in association with the potato. i noticed when he saw it is just somebody he's of deleting. an investigative documentary. ghost war on oxy.

welcome back current sleeves have suffered a significant setback in their march toward the mainstream of global finance and economics after the u.s. in men had claimed sexual misconduct allegations against moonves so really there are big questions here about what the board knew when it knew it did it act swiftly enough and did it acts with lee enough at a time when c.b.s. was making double digit profits you know each quarter it felt like c.b.s. couldn't lose with these big shows and moonves is known as a big t.v. person he brought shows like survivor and c.s.i. and the big bang theory he brought c.b.s. a much younger audience and it had in the decades prior to to him coming on coming on board as the c.e.o. but there are real questions here about leadership about transition in about c.b.s.

is culture a toxic culture some are saying now for some women you know it's a far too often we hear about these horrendous stories or not but by pay talking about it it's important to bring them to light but energy so bad with them but i don't like it because of the tell me there's also this change the parent company american amusements a parent of c.b.s. national inducement national news which thank you sherry redstone they've been having this ongoing dispute what's that been about and how are they resolving it right now with the board so the way that what's happening right now is that cherry red stone it is that that bickering if you will between c.b.s. and national news miss national news misremember owns eighty percent or controls eighty percent of c.b.s. corporation stock and what it is said now is that with moonves is ouster that that any pending litigation between between them will go away will disappear how this this news just literally said just broke in the minutes before we had the show so.

started how that alters that landscape i'm still not sure right now but what memphis is credited for in addition to being a t.v. powerhouse and bringing a younger audience to bring the advertisers younger audience excuse me to its advertisers well moonves is credited with is holding off of viacom c.b.s. merger so national amusements now if they're saying that c.b.s. and its new board may be up on the chopping block so here yet again we could be seeing another merger remembering that there are companies out there distribution companies that are begging for content at this time and whether or not a new board thirteen member mortar board is going to be willing to entertain deals that's going to be something to look forward to to beyond just moonves in the culture at c.b.s. there are going to be real questions about its leadership and its stability and what it might mean for big media deals so. sure she always wanted

this viacom deal that is correct that's what will the of the thirteen person board will give them enough to move forward my understanding is that eleven members will be independent from national amusements and how that board will look at how they're taking shape is is i'm i'm i'm sure one of the board members is a former head of time warner who was credited as shepherding out shepherding them out of a disastrous deal with a.o.l. in two thousand and one of these are board members that know media these are also board members that include william cohen former secretary of defense a former dean of the harvard law school and we've got big names on this board in the new board members whether or not they'll be willing to entertain these mergers i think it's a wait and see time finally before we go margot you've helped us out on others the other mergers we've talked about in the media space would this be one of the. deal

. would that be one that would raise and i trust issues or not i don't know that it would raise antitrust issues viacom right now is operating i believe as the ninth largest media company c.b.s. certainly has big holdings in television and they both have properties in film so whether or not it reaches the level of some of disney twenty twenty century fox i don't think so but you know anytime you have you have one of the big submerging with one of the bigger i think that it's going to fail it's going to face some d.o.j. scrutiny we're going professorial i could never get the professorial lecture to where any university get better all the time thank you for being here so much by i think we should. be able company is making some big changes and throwing their healthier offerings overboard the company with the iconic suit faded by andy warhol and first displayed

in one nine hundred sixty two began selling soup tomato soup back in eighty ninety seven and until recently that have been on a roll selling roughly four hundred forty million cans each year roughly forty five percent of that soup is what type her to guess two hundred million cans are chicken noodle and as a global manufacturer campbell's has production plants the united states of course but also in canada australia germany bowl asia and in the united kingdom well now the company is taking a step back our correspondent ashley banks at the details. has been around for almost one hundred and fifty years however over the past decade many consumers are finding that their tastes for the canned goods has changed campbell's soup company is known for selling canned soups and that however many consumers are now interested in fresh food options the former chief executive denise morris sent one to campbell to have

a wide ranging portfolio. focusing on health and well being however the company isn't doing so well in that category so what announce it let's fresh food and overseas businesses to offset the loss and revenue adding it will focus the company on two distinct businesses campbell snacks and campbell meals and beverages and its core and north american market after the announcement was made shares of campbell which have a market value of around twelve billion dollars fell by two point six percent to thirty eight dollars and ninety five cents shortly after midday campbell shares have fallen by a third over the past two years and the company is in a lot of debt campbell is hoping by returning to its canada roots it can read the company of any debt by the school year two thousand and twenty two historically campbell's has been able to resist a major changes and has held off calls over the past thirty years for the company to sell itself however in the past few months with the number of hedge investors

buying positions in the company pressured to sell is higher than ever before experts say shareholders are finding it a bit disappointing the company is selling a part of itself as they are eager to revamp the company and make a profit however activists investors like the hedge fund third point are urging campbell to sell itself completely campbell's interim chief executive had this to say the board remains open and committed to evaluating all strategic options to enhance the value in the future although campbell's is making efforts to ensure the company stays afloat selling the company and its entirety isn't completely.

i. think. the u.s. war in syria against using chemical weapons and the looming battle for a tough response if it does washington earlier also announced another u. turn on syria saying it won't be leaving anytime soon. several days ago in front of my house my mom wife and three children. i remember how i called home. killed including three children when militants shell a christian village in syria's hama province. the asia pacific space and some political decision makers head to russia's far east for a major economic forum with iran helping the for between north and south korea. and insight into europe's immigration issues outspoken interior minister talks

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