that some have said ms mae is incapable of delivering brecht's that it would take forty eight of the current three hundred seventeen conservative members of parliament to sure going to election contest according to current party rules. and what it would be the biggest u.s. initial public offering this year is by a chinese company ten cent music entertainment is planning an i.p.o. the company is currently valued by some at roughly twelve billion dollars while only starting at twenty sixteen ten cent music has been a large benefactor of the growth in streaming that has remodeled the music industry there are more than eight hundred million users a ten cents app q-q. music and its karaoke counterpart app the company has reported revenues recently from last year totaling one point six six billion dollars with a profit of one hundred ninety nine million an increase of two million over twenty sixteen and no word yet on which u.s. trading platform the i.p.o.

will be listed in. the u.s. food and drug administration is investigating cigarette maker jewel labs last week the f.d.a. showed up unexpectedly at the san francisco based headquarters of the company and sieved and seized over a thousand pages of documents bringing the total number of pages acquired by regulators to fifty thousand the f.d.a. is looking at jewel sales and marketing practices in light of the vast increase in use of cigarettes by young people f.d.a. commissioner scott gottlieb says that there is an epidemic of vaporing according to the centers for disease control and prevention two years ago joel sold two point two million devices but that shot through the roof last year twenty seventeen with device sales of sixteen point two million units about twenty percent of high school students are reported to be using they ping devices currently. are.

saudi arabia has recently launched a brand new industry in an attempt to turn around their struggling economy and appeal to make up more than half of the saudi population dubbed by some as the quote fun industry it's taking place at the same time as the crackdown by the prince mohammed bin solomon m.b.'s on dissenters the latest victim maybe a journalist who disappeared after entering the saudi consulate in istanbul turkey her to sort it all out is conservative t.v. and radio commentator steve malzberg steve welcome let's start with that missing saudi journalist from the washington post. who was over there i guess he was getting a marriage license or something but what happened to him and what about the others who have been critical of prince m.b.'s while he was a staunch supporter of the prince and the government until last november when there

was a crackdown it happened basically in a couple of days eleven members of the royal family including many cousins of the prince were taken into custody as were business leaders clerics educators intellectuals mostly in saudi arabia but some in other arab countries and then he started criticizing that move and writing about saudi arabia so he left the country a self-imposed exile he wrote a lot of pieces for the washington post criticizing the the moves by the prince and yesterday he went in for the second time from what i hear to go get a marriage certificate at the stamboul inestimable the saudi consulate the first time they told him come back a week later he went back yesterday never came out there are reports unconfirmed that he's been seen in saudi arabia so he may have been kidnapped and taken back to saudi arabia so this is what the prince is doing and has done over the past year at the same time trying to or claiming to open up the society yeah it's really seems like. oxymoron over there and we certainly want to keep and eye on it and it really

is just opposed to what we were initially going to talk about steve about this new entertainment industry opening up in the saudi society and there is some sort of opportunities that have never existed before what's going on stephen why. well it's called vision twenty thirty and the prince's said he wants to make millennial is happy he also wants to bring in outside investment and create more jobs because the economy is struggling since two thousand and fourteen when crude oil went south they've had to raise taxes cut subsidies so what he's doing here there's a first movie theater has opened in riyadh in thirty years they had black panther there's cirque du soleil a there's concerts there's comic con there's an entertainment center twice the size of disney world with six flags amusement park in there so there's concerts in the street so that's what they're doing they're trying to modernize and open up society

through entertainment and the stated purpose is to help millennial is to keep them happy and keep them employed it's a remarkable that you know as you were you were telling me earlier on the phone the you know half of the population are millennial so i mean when you look around the world at demographics that's going to be one of those outliers there that there's so many of these young people that the prince is trying to appeal to right yes however one third of the millennial is in the country are unemployed and they're not happy with what's going on most of the millennial is in that country did not go study abroad they were not exposed to this kind of entertainment that the prince wants to now bring home to make them comfortable here they don't know about that therefore religion is what hobby is and to a great extent they think this is happening too fast and they resent that subsidies are being given to have concerts and build movie theaters when subsidies to them which they've been relying on to live comfortably are being taken away and cut back

they're also not happy about the fact that you know as i said more risque kind of movies and and cirque du soleil a are now infiltrating the country if you will so it's not pleasing the majority of millennial is even though that was the goal you know and i. want to head back just briefly steve to the dissenters and talk about stuff that we actually discussed earlier in the year about when all these folks were rounded up including ministers in the government and c.e.o.'s they were all jailed if you can call staying at the ritz carlton jail but what we've seen now sort of is reminiscent of that earlier in the year isn't it absolutely and you know this this case this this abduction if that's what it did what it turns out to be is something that really needs to be looked at and you can't forget the people and you can't fool the world. one hand

you're trying to say we're a more open society look women can now drive with some limitations and look we have movie theaters and we have this and we have that but you're still rounding up people who dissent and speak ill of the government or the present so that people in power you can't fool anybody so you know saudi arabia is at a crossroads right now they have better relations with the united states for various reasons and there is a push to open up the society more and to an extent they're doing it but if you do it at the same time that you're jailing dissidents it's not a not a full and fair opening so to speak there's a lot more work to be done where you've certainly given us a full and fair airing of the issues steve malzberg conservative t.v. and radio thanks a lot steve great to see you my pleasure bart. and the trumpet ministration is claim that the problem with chinese imports and the threat to the u.s. is from high technology but as artie's dan cohen reports that's not the major area

of import here's dan. trump administration officials have pointed to chinese advances in high tech to justify the trade war in tariffs but the real competition from china is in its ability to export medium level technology that includes items like vehicles in their parts and electrical and construction machinery china has now surpassed the united states and european union as the dominant producer in medium high tech industries in just the past decade its global share has nearly tripled to thirty two percent much of that is a result of privatisation for example china's share of global bulldozer exports grew nearly eight percent in the last decade the share of chinese exports going to countries outside the organization for economic cooperation and development the list of developed economies has grown from forty three to forty eight percent in the same period china has emphasized exporting capital goods which are used to manufacture other goods rather than simply relying on consumer products for

instance china's global exports and electrical transformers and their components has doubled to twenty percent in the last ten years china has also benefited from the two thousand and eight financial crisis picking up where western companies left off chinese white goods producers who make home appliances like washing machines and refrigerators have exported fifteen billion dollars worth in two thousand and sixteen while manufacturing wages in the us have fallen in the last decade average wages in china's manufacturing sector have more than tripled in the same period china's investment boom after the financial crisis enabled producers of industrial goods to hugely expand domestic production multinational corporations have also played a big role in china's growing exports forty three percent came from foreign investment companies and twenty seventeen the figures are even higher for high tech products like laptops and smartphones companies such as general electric chemical makers b.s.f.

and honeywell have open sophisticated plants in. china in the past decade sending jobs overseas from the united states well china was once a final assembly point for foreign made components domestic content of china's exports have risen from about sixty percent a decade ago to about eighty percent today so while trump administration officials claim china has an unfair advantage its export machine only continues to grow reporting in washington dan cohen r t. and time now for a quick break but hang here because when we return we'll be joined by the c.e.o. of this. to discuss today's trading record it was up above twenty twenty seven thousand intraday but down to about twenty six eight twenty eight right now plus there's new auto news we'll take a look at a few car company stocks as well and we'll bring you an interview from the ford's under under thirty summit this one is truly out of this world and as we go to break

we'll be right back in a place. this is. the church secret indeed just like priests accused of sexually abusing children can get away with it quite literally i like to call this to do graphic solution so what the bishop needs to do then he finds out that the priest is is a perpetrator is simply moved him to a different spot where the previous standard was not the highest ranks of the catholic church conceal the accused priests from the police and justice listen to that of themselves and as the i and then i included tuesday's out in.

this. case felt as. though he was going to accept the slow drivers of the stars the right to be business it's. like. i don't buy the stuff i. thought of that was i'm somebody that god doesn't know it's a mess you never know what's happening and what they're shooting what it's here. and this left out of this. but it. was. just because of that in the i knew what i meant because

that's and in the most forms of all these clear when the. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race on offense very dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. the way to the united states is dangerous for most of the illegal immigrants. class who are going to most just as they would a simple they want to. and i wanted us to sum this up but many of them look for

refuge in the so-called sentries sides of the draft used to share information about undocumented migrants with federal authorities the best person as they are. most needed more don't. get them in a lot of class and they want that. they can watch as they all choose to stay in the country with donald trump in the white house. the who can be bribed to be. a fed sit many couples won't. deal with the push to put impulse response both of you doubtful to do the bulk of the. you know world of big part of the 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 back and

shouting past each other it's time for critical thinking it's time to fight for the middle for the troops the time is now for watching closely watching the hawks. welcome back u.s. auto sales have dropped by six percent in september as some analysts blame last year's surge in car sales due to hurricane harvey and one day left in september of this year the u.s. vehicle manufacturer which saw the largest lost in sales was general motors whose sales were fifteen percent lower this september as opposed to september of two thousand and seventeen ford motor company also had losses of eleven point three percent. and electric automaker tesla has finally met its production goals for the third quarter of the year producing more than fifty three thousand model s.

cars as it overcame manufacturing hurdles tesla also produced thirty thousand model x. cars bringing the total number of vehicles produced in q three to more than eighty thousand that's a fifty percent increase over q two production levels the good news comes in the wake of tesla c.e.o. and former chairman on must being fined twenty million dollars and the company itself being fined twenty million for mr must tweet about having the funding secured to take the company private at a value of four hundred twenty dollars per share the u.s. securities and exchange commission says its actions violated their rules and made led to invest misled investors mr musk who was charged with securities fraud and was also required to step down as chairman of tesla for three years say he may remain as chairman or as chief executive officer rather rather for that time. and here's discuss auto stocks and much more like today's dow intraday high is our

friend the c.e.o. of the stocks was the arm i'm less so welcome we haven't seen in a couple weeks or so pleased to have you back what do you make of the market moves today just breached over that twenty seven thousand right well we got up close to get over it we almost touched it we didn't quite get there we got so close that one . it looks like we're going to get there but i will tell you really quickly we closed off of that so there the interest rates i think spooked the market later in the afternoon bond rates touched around three point one four percent intraday and so because of that the market sold off a little bit after two o'clock this afternoon but all in all we did get close to twenty seven thousand and then we broke new records today and the market overall is very bullish going into the fall period here announce the first week of october earnings season starts next week the big banks report next week so it's going to be a very exciting time to watch the market which are which are the big ones you'll be looking for next week melissa j.p. morgan chase is one of the big ones out next week and of course wells fargo city

that is that those are all the big banks to watch and goldman sachs although i don't sure if goldman reports next week i have to check that day the biggest though earnings week to watch is not coming up until the end of the month that's when apple reports and amazon and google and amazon reports of the twenty fifth so that last week of october first week of november is the busiest when you have the tech companies but it starts next week so next week is the launch of the earnings season with the big banks and you should see some movement so again with interest rates rising you have the bank stocks rally and that is one of the reasons also why you've had the list in the market and also have i guess we'll have on friday the jobs report too so we'll also be looking toward see if that has any impact i guess if it's just about the same a couple hundred thousand jobs not much but maybe there's an outlier there that could move markets melissa let's move to autos stocks in particular you know it's not that big a deal i guess that the car sales were down in september if it is in fact as the analysts say due to the surge of people going out because their cars had flooded in

louisiana and texas because of the hurricane harvey but g.m. g.m. motors was the one that took the largest loss give us a little bit about their stock what have they been doing lately i must say that stock does not look that at all i would not say it's a buy right now that stock has been dropping that stock to. no motors is in a down trend i don't know what's going to turn that around right now and it's the same thing with tesla tesla stock doesn't look that great either even though it had a big jump up on that news that you discussed with a lot. to fifty points from that but it's still hanging in that stock dropped today and when you have the market new highs and you have these these auto companies like general motors and that are trading lower that doesn't that doesn't look good i wouldn't say that i would buy either one of their stocks right now yes it might there is a decline definitely of from the last quarter records but typically the best time to buy a car isn't in to the end of the year winter period that's when you get the best deal so we may have some different numbers come the end of the season here let me ask you a little bit more on and you know look they were he was sort of the you know the

golden child of me has been he's got space to go to all the things going on in and but he was constantly upset by the short by the guys going stored on the guys and gals going short on tesla saying that it wasn't going to make it and then he issued that tweet saying the funding was secured which it you know the f.c.c. found there was no funding secured which is why they they went after him but had that not happened melissa you know they had the production problems but now that they've overcome that do you think that not have happened and he wasn't you know smoking something nefarious on t.v. not long ago wouldn't that have really put tesla stock in for lack of a better phrase the driver's seat. right they had this huge production number over eighty thousand cars and this is the news that came out that created the bump up in the stock i think if he had said what he did or tweeted what he did then maybe the

stock would have held on it could have been back up at the highs even today the way it's trading is nowhere near the highs the previous high in tesla which it retested after that tweet before they realized he really didn't have the funding was around three eighty seven so that's were far off the highs today so yes we the stock itself would have performed better i believe had he not had this tweet and had he not had these issues and clearly it cost him personal money at a cost the company money because they had to pay the fine hopefully this is the end of it and it's over and done whether they can just move forward to continue with production and have a good quarterly earnings report at the end of this year or two and real quickly melissa what are we going to i thought we had gone over the twenty seven thousand i was looking earlier and it was so close to what you're going to happen tomorrow the next day next week what do you think well here's the thing and this is you were talking about the con that's coming out on friday morning don't forget the political stuff part this is a big couple of days here for politics in the united states and with everything

that's happening with the hearing so i think it's there's a twofold the numbers that are coming out on friday the market retesting the highs are going over the highs of the down retesting the highs that the s. and p. and plus you have all this political hub of that's going on so anything could happen the next two days thursday and friday in the u.s. markets could be a very volatile period meaning we could have a big move up or we could drop off here after this big move up because i don't really know the outcome of the numbers friday and i don't know if they're going to confirm that are even have the vote by friday which they're planning on doing but who knows if it will happen always informative and entertaining listen to see all the stocks which thanks melissa good to see you. the competition oversight agency in australia is investigating the big forest trail in banks that's the commonwealth bank of australia westpac a.n.z. the australia new zealand bank and n a b the national bank of australia the

investigation by the competition and consumer commission is related to concerns of over pricing foreign exchange currency services the banks which are already in the hot seat as investigators are currently looking at alleged misconduct are now being looked at related to the cost to send money from australia which is reported to be eleven percent higher than the average cost in other g. twenty nations in addition to the big four banks regulators will be examining as part of the probe pay pal western union and travel x. . we had a super exciting time in boston earlier this week at the forbes under thirty summit and we met some inspiring entrepreneur is one of them every haskell i spoke with yesterday about his out of this world idea to open up outer space to travel he

geared up for our interview in his space suit and i ask him to explain what his company shuttle does to get you into orbit. so shuttle is the world's first commercial space flight booking platform our mission is to open space up to everyone so i started shuttle because space is the coolest thing ever and it's the future of humanity i've been fascinated by space since i was a little kid and there's currently unmet demand for space travel with more and more people spending on experiences and there's an increasing number of space like tourism companies popping up doing things like spacewalks hotels events and more so we partner with the leading spaceflight transportation operators like virgin galactic space adventures the russian space agency zero gravity orion span and more and we have a marketplace platform where consumers can discover and purchase commercial space flight tickets on our website as a business is a very when do you plan to launch your business what's the timeframe so zero g. flights are taking off right now and they've taken over seven thousand customers into zero gravity. space adventures in the russian federation have been taking

people to space since the ninety's and virgin galactic is going is going to be launching at the end of this year or beginning of next year and blue origin is expected to launch next year so currently there's been one point five billion dollars in sales for the commercial space market and by twenty thirty it's expected to be a one hundred billion dollars market is your competition out there or for booking of these sorts of things going to space yes so companies like virgin galactic have existing resellers like travel agents but there really are these offline brokers are sort of the first foray into the space travel market and have been around in the same form for over a hundred years and so we're bringing in bringing a modern approach to building an online marketplace to give people access to space travel and what are the travel options i mean can i go on and book spaceflight right now yes we have flights launching every month into zero gravity from all around the world and then we have flights we have things like charters where you can take a whole rocket and do things like go to the international space station do a spacewalk you can go to a hotel for two weeks and see

a space sunrise every thirty minutes so we have a lot of different options we have for weddings and different. events like that well that's a pretty wide variety of things going up there for a couple of weeks and how much does this cost of the going to be a lot the average ticket price is two hundred fifty thousand dollars for a virgin galactic ticket but our flight started only five thousand dollars for zero gravity and they go all the way up to one hundred million i've been asking this question a lot here at the forbes under thirty some a particular people are sort of visionary on this what's your vision for the future avery so the big vision for shuttle is to offer space as a service where we have subscriptions in various tiers where we offer our customers subscription access to get on demand access to space travel and we'll do this by working with our existing partners and chartering renting leasing or purchasing rockets so that our customers can get the amount of access to space that they need for their business or personal use. that was a c.e.o. and founder of shuttle avery haskell who told me with like this huge smile he'll be

taking his first celestial trip to the zero gravity before the end of the year. and our time has flown by like a comet that's it for now thanks for being on board you can always catch boom bust on direct t.v. channel three twenty one dish network channel two eighty or streaming twenty four seven on pluto t.v. the free t.v. app channel one thirty two or you can catch us at youtube dot com slash boom bust r.t. so long for now. quite frankly i think only just in the season to have deteriorated and have fragmented and it is extremely important that we have a new digital receiver of a presidency that has the votes of the debian people people who have aspirations

like freedom and they do have aspirations like living in dignity and quite frankly to deny them the right to vote with the pretext that oh it's not time it or you don't have bread so you should not be asking for the vote you should vote for people who will provide the bread and what do you provide the services. joining me every thursday on the alec simon show and i'll be speaking to guest of the world of politics sport that's less i'm show business i'll see of that. cooked additional note of what was and that's up to the killing of some of these it's just. what you're looking it's not. simple yet so when my future. looks with a showing at the plant which up especially since last when the church. has been

able to talk shit. you have to teach them to. vote on a ship in. the open the most it does. the book is the work of the books a new book that still was you know i don't know what the movie. was the latest movies in the bus. boys and believe that they have a place. where students are in the store.

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