strict competition by sharing and coordinating pricing scheduling and other information among the four airlines the c.m.a. said quote this case is an early stage and no assumption should be made that the atlantic joint business agreement infringes upon competition law that said the regulators will look at the agreement and light of the u.k. leaving the e.u. relevant to a post brecht's that aviation agreement. and sticking with airline related news as earnings reports for the third quarter begin to roll in one has surprised a few folks the first air carrier to report in the us is atlanta georgia based delta airlines and the news is good even amidst the higher jet fuel prices which delta said added six hundred fifty five million dollars more than they were in the preceding quarter and travel disruptions from hurricane florence last month they have turned it impressive profit of eight percent pushed up by increased ticket sales and higher prices delta is the second largest carrier in the states behind

american and delta stock rose three point six percent on the news. and there's more information on a story we told you about earlier in the week related to the washington post opinion writer a saudi citizen but u.s. resident. who went into the saudi consulate in stumble turkey and never came out we told you that turkish officials told some reporters at least that he was actually murdered well now those same officials are telling reporters that they have hard evidence of the murder and it is dreadful i won't give energy to discussing the details but suffice it to say the manner in which he was alleged to have been killed is awful we had a panel discussing the matter the other day and both experts said not much if anything would be done related to u.s. saudi relations but now some more some are more questioning more and here's what the president had to say about it. looking at her strongly we'll be having

a report soon we're working with turkey we're working with saudi arabia what happened is a terrible thing assuming that happened i mean maybe we'll be pleasantly surprised but somehow i tend to doubt it and we take it very seriously. so what is the economic relationship between the united states and saudi arabia for more we're pleased to be joined by iraqi horner currencies and futures expert as simpler trading and michael maloof former pentagon official we know that the saudis main economic engine is petroleum based we talk about it with you and are thankful for that all the time but how big is it it's big and it's getting bigger and what's ironic is despite the vision twenty thirty plan they have getting away from an oil dependent saudi arabia actually means in the near term they're more dependent on it than ever and they're probably the most hawkish member of opec as a result they're really reliant about thirty to forty percent of their g.d.p.

relies on oil most of their appointment for the government relies on oil so in the near term they're going to be increasingly reliant not less very interesting and to which countries are good do they export and which are the major countries that they export that while too. sure right now we're really looking at china japan and i think there's probably an overexaggeration just how much the u.s. is actually reliant on on saudi arabia oil really we don't get most for oil from saudi arabia but china is a big customer and michael let's talk about it from a defense perspective u.s. defense companies weapons sales to the kingdom how much does that entail how big a deal is it the president seems to think that it's a lot what's the what are the facts well it is one of the biggest deals going we've been selling weapons to saudi arabia for years they've arranged everything from aircraft missiles ground air telecommunications tanks but

when when when president trump went to riyadh as his first foreign visit when he was right after he became president he signed a one hundred ten billion dollar deal and that's supposed to mushroom into more than three hundred billion dollars over a ten year period so the consequences of arms sales and purchases by the saudis is significant and i would add that this was one way that. bin salman mohamed than some of the crown prince was in effect able to buy the united states and probably figured that he could get away with almost anything is long as he had troubles back in and probably didn't think that there would be any consequence to to that relationship in if he allegedly ordered the killing of jamal khashoggi and michael do the saudis buy weapons from other defense contractors or

other nations oh yes sure the brits every time they want to make a deal and buy a come and buy a country's allegiance and influence they'll go into massive deals the the saudis have all kinds of weapons stored up they don't even use and i might add they don't even know how to use them so it's oh it's. and this is this is their way of buying into influence in the world and i would say that that's why you're seeing right now for the u.s. perspective why trump may be going very carefully because his entire middle east policy hinges on that u.s. saudi relationship along with the alliance with israel i mean this this whole thing could just blow it wide open especially if members of congress take it upon themselves then to start restricting these arms sales in response i know there is that letter from twenty two senators the other day saying investigate this rocky tell me you say that you know the u.s. import of saudi oil isn't that big but what if other nations started saying no

we're not going to take this oil i mean would they do that and if so would it have an impact much of it impact what might it do something with oil prices. well i think the most important date is going to be a member for because we just don't know but there's a wrong sanctions are going to mean to global supply and the big problem is really in asia india and china will both need to make up for that oil from somewhere the increased price at the current time is really giving india a lot of trouble so i think india will continue to buy from the saudis they've increased their purchase from them over there over the past month or so and i don't see that stopping anytime soon especially if india can't do business with iran as of november for and while i think we still see those two countries and thank you raji sorry about that and michael just real briefly could the saudis just easily replace our current weapons systems that we're selling to them not very easily first of all they're not trained on any other major weapon systems you know they

buy in from the french they buy in from the brits. with with if the united states went in the direction of limiting arms sales i think you're going to see other countries in the west following suit as well because and this is going to have a major. tacked on. saudi arabia's twenty twenty thirty reform program so i think of that he's got a bin someone's got to walk a very delicate line could be by russian or chinese equipment sure but and i think the russians would probably welcome that opportunity don't don't don't hold your breath for us to be the leaders in that regard rocky and michael thank you much guys appreciate i have a great weekend thank you. and we now move to our global market roundup for the week world markets plunge led by that wall street selloff starting on wednesday and there was a limited rebound at the end of the week the shanghai composite index down for the week although it inch forward today by

a fraction based in part upon it seems at least positive export data and japan's nikkei fell four point six percent this week the biggest weekly drop since march although the volatility from wednesday in thirty thursday seems to have subsided and the nikkei two twenty five close slightly up based in part upon that same chinese data which increased confidence among japanese companies which are exposed to china and in hong kong at the hang seng index that showed the best recovery of the asian markets up over two percent today but still down on the week and down for the last month in fact and we had south will pass the philippines i want to make a correction from yesterday i said that the nation had reached a nine year high inflation of eight point seven percent it's actually six point seven which is still the nine year high but the numbers matter i don't like to say and doubt in australia at the ex it's also down for the week but just up slightly a few points on the day as we move to the sensex index in india it's also slightly

up for the day but down for the week yesterday the international monetary fund chief christine lagarde at the summit we told you about with the world bank earlier in the week the other day she said that india may have the brightest economic outlook of any nation on earth and moving to south africa they all share index they're also down for the week but slightly up for the day and the prospects for south africa's trouble economy by the way may soon see a needed lift with the elevation of the nation's former respective central banker tito emboli me to the post of finance minister the european markets the french cac that we talk about a lot the. german dax and the foot sea do you k. all down for the day and down for the week moving over to the coal cat in colombia and that we also go to the brazil the best coal cap index was down for the weekend

the day although the country see if some good news this week with a new economic growth projection of two point eight percent this year and three point six percent next year and brazil brazil with both best put down for the week and even though they too received a forecast that brazilian inflation will soon suicide still down and in new york we look at our friends here at nasdaq and why you see what we've been talking about a lot lately driven by the techs to do were down for these two days big time although they made a slight recovery today at nasdaq in particular those tech companies are listed and facebook which is listed on nasdaq continues their troubles yesterday they said that they were taking down hundreds of accounts and pages many of which say they spread they say spread political misinformation however many sites were legitimate including the site of guests who are to correspondent rachel blevins who had seventy thousand followers to say the company is now getting some pushback and

today facebook said that they had their security breach that they announced late last month that compromised the name and contact details of nearly thirty million facebook users and information like birth dates and employers for fourteen million users they have no financial information was compromised that's what they say at least bottom line facebook stock fell about a percent today on the news all the stock is down a whopping thirty percent since its high in july so i say both nasdaq and s. and s. and y. se down pretty big time for the week but slightly up today and we finished just north of the border in toronto why people put money in the toronto stock exchange the s. and p t s x index we're fairly a bit of a chill all. all week as it dropped and on thursday to a new six month low that your global market round up all the markets around the planet down down down while and here are your local numbers for the new york for the day we'll be right back after this.

with manufacture consent to stick to the public will. when the ruling classes protect themselves. with the flaming. lips and be the one. making the middle of the room sick.

this is crude oil. so they need to actually physically hold it out of the ground you would have well well. there's a lot of money with your oil and with that comes. a lot of a lot of people from all over the country. if you don't make a hundred thousand dollars a year. there's an issue. here maybe. they were all sixteen or a hard worker well workers not. and. so they want to relieve their stress of how do they relieve their stress. that outweigh that comfort that. people have been murdered up here people can raise their massive drug issues up here you have

a boom you have everything else that comes along with money. you cannot operate as united nations this is not just about u.n. d.p. world health organization and international organizations like the international committee of the red cross you cannot work in a place like gaza with pragmatic cooperation with the locals or ities which are hamas in this case here on or has been for most of the last few years. welcome back last time we told you about the c.v.s. at in a murder which was approved by the u.s. department of justice well another merger that took place earlier this year has reaped really big rewards this one is walgreens drug stores which took over four

point four billion dollars the write a drugstore change the third quarter numbers for walgreens showed a whopping get this seventeen percent increase in pharmacies sales year over year overall sales rose by eleven percent the market share of walgreens has also increased eight percent and a half from twenty point two percent last year to twenty one point seven percent this year walgreens now has eighteen thousand five hundred stores across eleven different countries. it seems not even x. white house officials can resist the allure of watching gary cohn president trump's former economic advisor announce that he will be joining. spring labs a block chain startup the idea is that banks and corporations would use the block gene to make it easier and safer to transfer your identity and credit information it's an idea that has some merit in my view as in the case of equifax which came

under cyber attacks resulting in over one hundred forty three million customers having their data stolen last year and of course now equifax spams people with e-mails trying to sell them their services saying they can bribe you with credit protection for the price of course equifax has a major breach and geez louise these folks mr cohen joins a growing group of high profile people joining block jane based companies such as the former commodities head of j.p. morgan blith masters. you may have heard that starting november first amazon will raise the minimum wage it pays for workers here in the united states to fifteen dollars per hour the move covers some two hundred fifty thousand current employees in an additional one hundred thousand seasonal workers that certainly sounds like news for getting those in the increase but there are some who are saying that the raise isn't all it appears to be and that the move may actually her workers at amazon and other companies in the long run and what about amazon workers and their

working conditions in other parts of the world here with the answers conservative commentators steve malzberg and hillary for which president and founder of straw mark development consultants thank you all for being here pre-shared it. hey steve let's start with what amazon did here they raise the hourly wages in the u.s. but what other actions did they take to address the workers well first of all it's a big public relations boon for amazon obviously they've been the target of so much controversy when you please bernie sanders senator from vermont and larry kudlow economic advisor in the trump administration they both praise your move you're doing something right i guess they also. sure themselves that they're going to be able to lift workers from other companies and certainly stop their seasonal needs but a lot of workers at amazon suddenly notice ok this minimum wage is going up to fifteen from somewhere around to between ten and fourteen but you're doing away with our

bonus program you're doing away with our stock incentive program for senior workers and they're not happy about that also warehouse workers who are now making fifteen dollars an hour already they're just getting a slight little bump not the a bump that the you know the other workers are getting where it's most fifty percent in some instances so not everybody is happy by any means amazon on the other hand says no no no you don't need incentives a bonus is just what you know what you're getting and you're more secure that way but not everybody buys that well i'm glad we're questioning more on this because i thought you know hey that's a good move but i was speaking with the former amazon worker over the weekend and igs point exactly the sorts of things you're talking about hilary when we look about amazon workers around the world you know they don't fall under this list wage increase here me what do you think they make of about it and what about the working conditions because we've seen some allegations of big problems with amazon workers

in the u.k. and even in other places yes well i assume you're referring to the controversies in the u.k. that was surrounding the amount of production they had to deliver each and then also the bathroom break issues of course it should be reported particularly in the observer in the u.k. i think going back to what steve was just saying he is correct and all of his points but there's also another issue as well and that is that there is a big movement now that these global companies may be taxed where their workers have to be resorting to food stamps i think that's another thing to layer on top but in terms of the international work yes i mean unfortunately when jeff bezos was in germany there were protests when he was going to be receiving a humanitarian award you know he employees. thousand people in germany but there were protesters outside due to working conditions because they don't have the same kind of collective bargaining that they want in germany and the controversies you mention in the u.k. they've also had some issues in spain and poland and other european countries i think the issue for a lot of global workers is it's very difficult to have the same policies the same

procedures in place because there are different priorities and different nations when i work for a global companies as you know i have a number of them there were different standards in different countries for example in the u.k. executives predominantly receive because we don't in the in the u.s. on the maybe you know five to six weeks vacation in germany we don't have that in the u.s. and then we receive more in salaries so when you're looking at an amazon waka there are different different priorities in different nations and i think there are grumblings in each of the nations from a distant different aspect of the problems however i think we should look at this positively look how many jobs amazon has also created in countries and in many cases in locations where the haven't been any jobs previously so instead of being grateful a lot of those in that now have the jobs as grateful absolutely and steve let me ask you do you think this will have some residual impact upon other large employers in the states moving to fifteen dollars an hour. yeah i think certainly the

competitors of amazon wal-mart that's it i think the levin target is a twelve although they're moving up to fifteen in a couple of years and not competitors as well might be forced you know to keep the low level workers who might jump ship they're more likely to jump ship than that any category of worker but lower base also is also doing here that might affect other companies and workers is he's lobbying now for a national increase in the minimum wage he did it on his own and some say that's great if you could afford to do a great but to force other companies like fast food restaurants i work to mcdonald's on the on my sixteenth birthday i started there a fast food company like mcdonald's or others if they're forced to double the minimum wage or that they paid their workers they get a cut work as they may automate they also have a tax incentive now under the trump plan to automate they get full deductions when they do that and you're going to have people no longer there to take your order you'll have a touch screen cooking will go to automation to a great extent so

a lot of people think that increasing the minimum wage is going to result in people closing down shop if they can't afford it as a small business or cutting jobs and the employees will lose in the long run and hillary what do you make of the circumstances internationally in this regard well i think internationally imo because of the looks at solutions let's look at the solutions not necessarily the problem the solution i think internationally bonte is the same as it is here in the u.s. there are global best companies to work out and one of things i advocate always tell my clients and to global companies is even if you can't get to the top of the list definitely work out becoming a best place to work with some of those companies for example microsoft google they offer their employees extra things that were required by the law and i think that's something that all global companies should look at aim to be on that list of best places to work because they give the employees so many of the things that not only opera quiet but that a desire whether it's parental leave whether it's food breaks and providing food. i

think historically let's also look at the robber barrons this is not a new issue bob for any company around the world the robber barons at the turn of the century had the same issues take an example somebody like milton hershey formed the company town in england he formed a company town that was outside of in northern england outside of one of his manufacturing centers so i think the company talent was something that was started a century ago more than corporations should look at how to get on that list and what to do for your employees to keep them happy so that you don't have this sort of negative issue that reverberates around the world because with current technology and they bring the communication everybody's going to hear about it these are certainly issues guys that impact consumers impact all of us as i always say we do here and we appreciate being enlightened and informed by both of you who are for which and steve malzberg thank you so much my pleasure. and now we go to los angeles where our t. correspondent natasha suite examines two exciting and innovative infrastructure

projects on opposite ends of the earth they have one thing in common good old gambling. weekend getaway or a planned vacation las vegas is a desert playground for many living in southern california and now that four hour drive plus l.a. traffic give or take might get a lot shorter with a high speed rail system deal back on track have a real company bright line has acquired the project of connecting the city of angels to sin city starting construction next year the high speed rail system will cost seven billion dollars initially it will connect las vegas to victor vale california by two thousand and twenty two however there are plans for an additional eighty miles of track for a more direct connection with in los angeles it's no secret the gaming industry gives the city of las vegas a huge economic boom combining all twenty four casinos on the las vegas strip more than fifty two million dollars in revenue was produced for the fiscal year of

twenty sixteen and according to the university of las vegas is center for gaming research gave me self attributes for nearly thirty four percent of profits bright lines studies revealing there are more than fifty million trips between las vegas and on the california every year las vegas isn't the only city in the u.s. nor the globe looking to make a profit from the gaming industry in fact china has to large scale projects that will connect hong kong with dozens of destinations including the former portuguese colony of macao reportedly the world's biggest gambling hub the first project in the works is a high speed bullet train that will cost ten point eight billion dollars and it will connect hong kong with thirty eight destinations with fifteen thousand miles of track it's on par to be the largest in the world's hong kong's government initially estimated the train would carry one hundred nine thousand passengers a day this year it modified its forecast to eighty thousand passengers a day the reason while there are several concerning factors the train could bring

one is the blurring of politics hong kong. operates under its own laws under a model called one country two systems. well this allows for more individual rights and freedoms compared to china's mainland and now the train station will go all the way into the heart of hong kong with chinese jurisdiction some locals say there are just a point at ticket prices as well as service baggage limits offering little to no discount to flying china is also working on a sea bridge spanning fourteen miles and will cost about seven billion dollars hong kong government will pay one point three billion of it and the hong kong government has spent an additional thirteen point seven billion on connecting roads tunnels and also construction artificial island for its border crossing facilities hong kong will be directly connected to the world gambling hub the four hour drive will be cut to a forty five minute train ride or about an hour on the ferry now this bridge

project has been postponed several times at least ten workers have been killed in accidents during its construction one thousand people have faced criminal charges over a fake concrete quality tests and environmentalist are concerned the bridge will impact china's endangered white dolphins and despite much controversy the soon to be largest sea bridge in the world is expected to be constructed by the end of the year in los angeles and harshest suites. and that's it for this time thanks for watching have a great weekend. when a loved one is murdered it's natural to seek the death penalty for the murderer i would prefer and it be the death penalty just because i think that's what they are think the right thing. is that for every nine executions one convict is

found innocent the i do you do me more executing innocent people is terrifying. the is just no really hasn't been that we hear even many victims' families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace that's going to give them justice and we come in and say. not quite enough we've been through this this isn't the way. to what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race is often very dramatic developments only personally i'm going to resist i don't see how that strategy will be successful very critical of time to sit down and talk.

except someone for who they are not what you want them to be this is the advice a therapist might give to a couple in a relationship crisis it apply this wisdom to geopolitics and you'll see the trying to change the weakness of the other. can geopolitical and ideology aside and learn to fully accept each other. not.

this is are to international headlines this weekend u.s. president donald trump is to punish saudi arabia over its alleged involvement in the disappearance of that dissident journalist but with business brains on in washington as well trump also sets his stall on protecting those billions of dollars at stake when it comes to. as to whether or not we should stop one hundred ten billion dollars from being spent in this country knowing they have four or five alternatives two very good alternatives that would not be acceptable to be. previewing to an historic result could be about to shake up the german state of bavaria as residents prepare to take to the polls tomorrow sunday with the alternative for germany is a party on the verge of breaking news.