this is going bust broadcasting around the world and covering the world of finance and business and the impact upon consumers and investors i'm part killed in washington thanks for being on board. coming up the missing ingredient in the growing united states economy has been wage growth worker pay that may be changing the c.e.o. of quill intelligence daniel depardieu you know both joins us to consider why it's been low and the future and in a twist to the tasty drink orange juice or tea is nicholas o'donnell reports from miami on how brazil has overtaken the u.s. in the one point four billion dollars industry plus as les moonves the scene c.e.o. and chairman of c.b.s. prepares to leave amidst a scandal what will become of the story company without its important and influential leader marco suster professor toward

a lecture at american university joins that is to discuss and campbell's soup takes a turn away from fresh art he's actually bank reports on the changes afoot at the food companies lots to get to but first we have a few headlines today we lead our global report with a tour of asia as we catch up with regional developments regarding china's economic diplomacy regarding the much discussed belton road initiative or b r i i in fact these are the first negative reports we've had related to be are i we go first to pakistan where the government of new prime minister imran khan has said that they will formally scrutinise the sixty two billion dollars portfolio of investments in pakistan related to be arye 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. and growing debt much of that debt is owed to china

and that has invited us 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 belt and road efforts another belton 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 house 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 wage growth for workers to do so we are pleased to be joined by danielle de martino both the c.e.o. of quill intelligence danielle welcome back thanks for being with us that was a pretty good job report two under one thousand in august the unemployment rate remained the same three point nine percent which was great and 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 month of us jobs 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 and we are 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 and where there are too few skilled workers to fill open positions which takes us back to that first subject you raised which is which is wage inflation well let's talk about a little bit of the 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 two point nine percent which is increase that year over year not just august your year from last

august to 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 insult to injury and that inflation has been running above wage growth for a very long time so it's not just the headline number that you see that is very difficult for households to get by on but it's the fact that if you account for inflation they're actually going backwards we are finally at the point where depending on who you ask we're at the very least treading water right now in other words people are not falling behind the cost of living bart and i think that that's a key point that we should a key takeaway that we should look at from this latest jobs report and there's some

sort of the debate about you know every administration always has like well we think things should be calculated this way or that way people some like to refer to the use six instead i remember that was one of the things back in two thousand and fifteen and sixteen where the bottom line is the bureau of labor statistics looks at these things but are we getting the right information on wage growth i mean should we change the calculation to include for example benefits. you know it's possible that we need to revisit a lot of calculations bart but i think that what you should focus on more is kind of the man and woman on the street and what companies have been reporting and why this probably has federal reserve chairman to ron paul's attention and that would be because companies have been reporting that they have been spending a lot more on labor for months and months now and the aberration the anomaly if you will was that it wasn't coming out at all in the wage statistics so it's very

possible that we need a broader safety of broader net to capture what what households are truly taking home an income because it might be a more robust rate than what we're looking at given the current calculus i mean it seems to me it would one you know benefits included i mean because benefits shift right to me maybe you have a bad year depends who the employer is and if you're an employer you don't think about what is the hourly wage you think about what is the cost of this employee in total so that's the metric you're using i don't know what the right calculation is but i would love having these things always be looked at and get the right things so it's an important data and let me ask you this one when you look at what's going on with regard to the jobs report with the anticipation to rate increases did you know they were still on track for that some had said middle last week maybe december the december rate increase the theoretical rate increase we pushed off to

next year what do you think. well i think that i think that the fed is definitely much more engaged than they were before that jobs report hit the wires on friday morning and i think september the twenty six most would agree we've already got that built fully into the markets but i think that the fed absent any major shift between now and the mid december meeting that shows that this was truly an aberration and things if we can substantially and that would come out and other types of data i think that that would that would put the fed on their back heels but you know we just got a fresh data report out on consumer credit and you know those numbers were much stronger then than what they had been if households aren't making more money they're certainly not going to be borrowing at a brisk pace than they were but again fresh data seem to corroborate those those strengthening wages and what you talked about this consumer price index a little bit ago we talk about wages but let me ask me if the distance explain it for folks if the c.p.i.

is going up that generally does that mean that workers have less money because prices are higher and what you'll be looking for going forward with the c.p.i. and the p.p.i. both of those. 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 quill intelligence thanks danielle appreciate your time thank you. the one point four billion dollar orange juice industry has a new leader or choose nicholas 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 pe 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 seventeen's the orange juice export market was was do you know bloody revolution here to the demonstrations going to be relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it you. could give you

a clue in the new bill is that i knew pulling you toward the former ukrainian president recalls the events of twenty fourteen. those who took the lead in this state over five billion dollars to assist ukraine in these an article that will ensure a secure and prosperous and democratic. welcome back cryptocurrency leave have softened a significant setback in their march toward the mainstream of global finance and economics after the us occur. as exchange commissioner s.e.c. temporarily suspended the trading of to exchange traded notes or securities issued by h b x b t e provider a b the suspension took effect on sunday evening u.s. time it was announced via twitter the official statement cited their legal authority and said quote the commission temporarily suspended trading in the

securities c x b t f and c e t h f because of confusion amongst market participants regarding these instruments the issuer of these two financial instruments x b t provider a b. is a division of coin shareholdings based in the u.k. and essence they offer investors a chance to invest in a crypto currency through these products without having to actually purchase bitcoin or other crypto currency directly. while the future of sweden's new government is not yet certain one thing is clear the nation's election sunday it's in the greatest support ever for the far right party the swedish democrats the party increase their percentage in the national elections from twelve point four percent and twenty fourteen to seventeen point six percent yesterday depending upon the final tabulations it could be sixty three of three hundred forty nine seats and the parliament that's the riksdag swedish democrats currently have forty nine seats

the social democrats largest party in sweden received twenty eight point four percent of the vote so it is a nation of roughly ten million people joining the e.u. back in one thousand nine hundred five but rejected using the euro in two thousand and three known for tolerance social justice and free markets sweden has the lowest debt of any e.u. nation in twenty seventeen sweden's g.d.p. was two point three percent a year in year over year currently stands at three point three percent the unemployment rate is six percent. the influential media mogul les moonves the chairman and c.e.o. of c.b.s. may be stepping down at some point and he does so i'm. it's a scandal if he's found innocent of the allegations he could leave the company with a reported one hundred million dollars deal but the c.b.s. board has hired a law firm to investigate the assault charges he could end up with nothing and the c.b.s. board will be revamped in a settlement with c.b.s. parent american amusements and c.e.o.

sherry redstone what will become of the story what will become of the storied company without it's important and influential leader professorial lecture at american university joins us to discuss now margo thank you so much for being here thanks bye and now there's breaking news out i mean literally it handed it during the break here. c.b.s. has spiraled with the c saying that mr moonves may be there for another year is thinking he was collecting things out of his desk we don't know any more than that right now do we know we don't just fox news is the first to report it saying that this i.c.c. filing says that he'll stay on for an additional year ok so that could give the board time to have this law firm do this investigation fear radically but look he's a been this important employer chill guy i mean what does it mean for the company whether or not he leaves this week or in a year i mean things could get really bad i mean i can't imagine that if some of

these allegations go forward that they would keep him on for for that time period regardless of what they're telling the f.c.c. he may do at this point what does it mean margot well the board of directors was aware of allegations that had been brought forward to the los angeles police department actually months before the new yorker first reported that six women 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 swiftly enough at a time when c.b.s. has big holdings in television they both have properties in film so whether or not it reaches the level of some of does. twenty twentieth century fox i don't think so but you know anytime you have you have one of the big some merging 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 bear on the university get better all the time thank you for being 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 the 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 are to correspondent ashley banks at the details campbell's soup 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 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 morrison one tip campbell to have a wide ranging portfolio focusing on the health and well being however the company isn't doing so well in that category so it announced it may sell its fresh food and oversees the businesses to offset the loss and revenue and it will focus the company on two distinct businesses campbell snacks and can. well meals and beverages and it's core and north american market after the announcement was made chairs of campbell which have a market value of around billion dollars 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 fiscal 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 from 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 border 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 so when the company and its entirety isn't completely off the table and washington actually banks are to. note campbell stock closed at forty dollars and fifty four cents per share the close of trading at the new york stock exchange today and that's it for this time thanks for watching you can catch boom bust on direct t.v. channel three twenty one dish network channel two a day or streaming twenty four seven on t.v. the free t.v.'s show one thirty two or is always get us up at youtube dot com slash boom bust our see see you next. america if it's face for the next actual threat like china becoming a superpower will get its act together and like we did during the cold war oh after

russia put up sputnik the us planted on the and that's why i mention the list and look if we have an existential crisis coming down the path of guys like trump and other entrepreneurial you know 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 you know come forth. prosecution will need to become almost. a full. court where you push. the threshold finds somebody number one plus you do i mean jani i mean political pressure on the gold you've been to the moon conclude to security jennifer knows where to put your bundled up business models he was my american corporations down close was incomplete please sold them could matilda's you to use if you choose a man who was not seen. the solution. please on the

dissociation he put it. i knew going he saw as it is just really how he would do anything to an investigative documentary. ghost more on oxy. i. was i was i were.

several days ago a rocket landed in front of my house my mom wife and three children died i remember how i called home no one picked nice millions of killed including three children when terrorists shelled a christian village in syria on the prophet. twenty five dead today after a suicide bomber struck a demonstration against the local police chief a nice enough guy to stab two girls schools were also hit in the same area. or that there are some international missions that brought tens of thousands of migrants to. i think the citizens of paying my salary in order for me to control various entry in my country.