as the law in the keynote address to the fortieth international conference of data protection and privacy commissioners and brush mr cook referenced recent privacy and data scandals before warning that consumer data is being quote weaponized against us with military officials see in order to build what he called a data industrial complex making his point clear mr cook said all of this should quote unsubtle us it does i believe him mr cook's position his company as a leader on privacy and through some shade it rivals by noting that desire to put profits over privacy is nothing new the solution according to the apple c.e.o. our privacy laws to protect consumer rights to limit data collection to know which data is being collected to access and correct what is held that may be not correct and to secure the use of people's personal data. well saudi arabia's royal family is trying to soothe investors who may be getting cold feet about

relations with the kingdom this week there's a reminder today that saudi economic influence remains substantial at the controversial davos of the desert conference in riyadh we've told you about before pakistan's prime minister iram khan made it clear that saudi's large yes is still welcome among regional neighbors as he accepted a six billion dollar package of loans and credit from the saudis ahead of the event mr condit admitted the obvious by telling the media quote we are desperate for possible saudi loans three billion dollars of the packages advertised value comes from a saudi deposit in the pakistani central bank while the other three billion dollars is the amount of saudi oil that pakistan will be allowed to buy on generous credit terms. and turning back to the us a familiar and iconic company which is a merced in the debate on trade and tariff harley davidson has posted their latest earnings report to mixed reviews the famous motorcycle manufacturer reported q

three revenue increased to one point one billion dollars topping the figure of twenty seven teams q three by roughly fifty million dollars and slightly exceeding expectations but stock traders seem to have focused more on the negative harley's q three motorcycle sales were down by thirteen percent year over year harley also disclosed a worldwide recall of two hundred thirty eight thousand of their motorcycles related to clutch problems which is expected to cost the company thirty five million dollars harley stock would trades as h g are hard on the new york stock exchange was down as much as four percent in trading following the news and is down about eighteen dollars on the year. and this has been a week of hot and heavy earnings reports and today is no exception here to help us examine some key stocks adam ash of add a measure trading group adam welcome back it's good to have you last time you. we're here boy remember that day the market was crashing in and i mary said it was a great day to be a traitor but yesterday during the day i thought perhaps we be going back to that

pretty bad day and some of that yesterday people were saying was due to caterpillar's and while the markets recover just at the end there yesterday in new york what is it about the caterpillar earnings report that helped put this market sort of in a funk for us thanks for having me back i really appreciate it and the last time when you asked me if i thought we were done going down i hope you remember i said no good advice to your listeners i feel good about that now in terms of caterpillar they are an example of the biggest loser in the trade war because everything they want to buy is becoming more expensive and all of their customers are. being able to take advantage of cheaper alternatives so they're the perfect the loser in this trade war example but i don't think caterpillar is to blame for what we're seeing in the markets i think it's a technical breakdown we fell below and the significant trend line that we hadn't broken in over two years and again i don't think all the selling is done and what

about microsoft i mean we you know the techs of been sort of the darlings of the street for the last couple years and and you know microsoft is one that people are looking towards what's new with them on their earnings. well microsoft are waiting to see but overall microsoft has been strong this year they're making of ground against amazon in their cloud business and i don't know anyone else who can make up ground on amazon so that's a big achievement right there hardware selling well software selling well again the cloud this is doing well and their purchase of linked in is also working out for them so microsoft has it going on you know they are they are one of the stronger companies in this environment but on a technical breakdown everything can get brought down right and you know what probably should've put these two together add on but boeing which is also one that's been you know pretty impacted by the steel and aluminum tariffs to make

those big tubes out of aluminum what are they what housing report going they just reported today well they got to be happy they managed to finish positive in a market that got destroyed today so everyone a bonus a feel good about themselves as traders we always know that the day a company releases earnings it's going to trade in its own world so boeing managed to stay strong because of that news in face of the market but if the self continues they'll probably get brought down a little bit as well but they've signed some great deals they continue to dominate the market and boeing is an example of another strong company in this environment and lastly adam what move to automaker to ford out for do today. so ford we're waiting to see again on their earnings but we know carmakers have had a rough go of it and as we start to enter a rising interest rate environment that could hurt them even more so what we might be seeing is when people ask if you've driven a four they really more people could be saying no great adam in general do you

expect the market to continue i mean we have another big down day to day do you expect that to continue or think will be some stabilization. now that we've broken a key trend line when you look at the support going away i expect us to test those february lows that we hit i think we could have at least another thousand point drop on this technical breakdown and when you as a trader start to ask how much lower can we go the market will always show you so i tell people for the individual traders in this environment your best opportunities will be to buy things cheaper if we rally from here it would kind of be a weird event and i wouldn't get too excited about it so what i'm looking for is to be light closer to the sidelines and i'm going to look for better prices down below well adam will remember your prognostications about where there was more to come there certainly was adam mesh of adam mesh trading group thanks ed appreciate your

time thank you so much i appreciate it. in the asian energy market today inpex corp says the first shipment of liquefied natural gas from a plant in northern australia isn't route to japan impacts says the shipment from the elegy processing plant in darwin is the first shipment and part of a larger project called it thius to develop l n g a broad for the japanese market japan already reportedly purchased eighty percent of australian elegy output company officials say they expect japanese prime minister shinzo abhi to tour the plant on an official visit next month. and oil prices a fall of more than four percent this week joining us to break down the factors that should be contributing to it and hitting an. aside to tell us what's going

on and why i don't want prices well bart as you know there is a huge correlation between oil prices and market trading which is what's happening right now and with all the violent tilley t. coming out of the middle east what traders have been doing is actually trimming bets that oil prices will rise in coming weeks and reducing their exposure to risk which is currently crude oil the other two major factors are saudi arabia and iran as you know that iran sanctions are just around the corner and going to affect event before and even before the geopolitical concerns around saudi arabia there was questions of how much to kingdom can really step up in a way to offset supplies for iran and iranian exports are now expected to fall to a significant a low level just earlier this year iran was exporting around two point eight million barrels a day but now it's expected to fall to one point four million million barrels

a day after the sanctions going to effect and the question really is bart if saudi arabia is able to step up who else is ready to step up to make up for iran's missing exports to the market and also remember there is still embargo atar by saudi arabia and the united arab emirates and of course ongoing issues an event as well as production which is continuing to decline but even with the death of jamal khashoggi there hasn't been much effect on oil prices as you would expect in such a geopolitical situation arises from a major opec exporter which is saudi arabia so now you think are all these geo political situations and uncertainties why hasn't the market really reacted much to oil prices until now even though everybody has already been anticipating the sanctions and there. ron and the answer really is the u.s. which is the biggest game changer right now u.s. is now a major oil exporter which was not the situation just

a couple of years ago but how much u.s. or oil exports will rise to offset iranian exports sanctions for that group must really wait and see and there's also just a lot of question now and lots of uncertainties as the world continues to watch how the market will react to iran sanctions and the geopolitical situation in saudi arabia so everyone is really watching closely especially in the region for a long term implications and so i just briefly you know you spoke with us the other day eloquently about that humongous oil spill in the gulf of mexico what's the latest on that are they to clean this thing up well just to give you a recap we reported earlier this week that of course the oil is still surging since two thousand and four and right now it's surged more than one hundred and fifty three fifty three million gallons or the fourteen year spam so what's being done right now since the actual distance of fourteen years really the short answer is absolutely nothing there is no plan by industry there's no plan by the government

to do anything so we're really following the story very closely to see what's going on we're going to keep talking about it because something needs to be done that's not right as i attempted to thank you so much like appreciate your help of course. time now for a quick break but hang here because when we return with mcdonald's also reporting earnings we take a long look at the good bad and the ugly of the largest restaurant chain by rather new in the world and the iconic retailer sears is not only filed for bankruptcy but today was delisted from there has been that we consider the last bit of light from the fabled retailer with steve malzberg. as we go to break here the numbers at the closing bell stocks are down sharply today with all three major exchanges on our big board posting losses between two point four and four point four percent we'll

be back in a flash. joining me everything on the alex i'm i'm sure and i'll be speaking to us of the world of politics sports business i'm show business i'll see you then. ran. the float the best out of the jewels. to have to hide says it's a pain to perform i actually prepare myself to. heed what to say trust me. as most of. the snow in the home will stop her.

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we can all middle of the room sick. to move the real news. come. welcome back to players in the field of crypto currency is an online payment say

they are partnering to push a new so-called stable coin option coin best said they will partner with online payment platform circle to list a u.s. dollar coin or u.s. d.c. on their online exchange based calls us d.c. a stable coin said by boosters to be different in key respects from other crypto is because it's pegged to a specific physical good in this case the u.s. dollar the two crypto players say the new currency is just one project which they hope will work to speed up development and integration of the crypto currency market in the financial sector. british manufacturer dyson which many would call from the yellow vacuum cleaners has announced their planned electric car factory will be built in singapore dyson specializes in motor does. signs advertise in commercials for those fact cleaners they're most favorite products of course but now dyson is planning to dramatically upgrade the horsepower of their designs to

power electric cars that they say will roll off assembly lines as early as twenty twenty one dyson has said they plan to invest two billion pounds in the project including two hundred million for research and development within the united kingdom the dyson does not currently manufacture within the u.k. the company's choice to build their prestigious product abroad was still unwelcome at home as britons remain anxious about their brecht's of process and highly uncertain of the outcome dyson has tripled their u.k. work for us in recent years the forty eight hundred company official flatly denied that bret's it impacted their decision to build a broad. the largest restaurant chain by revenue in the world is mcdonald's and they have reported earnings which have beaten expectations mcdonald's reports revenues of five point three billion dollars in the third quarter and individual store sales averaging two point five percent increase in the u.s. and four point four percent increase internationally that's averaging out to three

point seven percent increase worldwide mcdonald's stocks rose on the news by more than six percent is trading around one hundred seventy seven dollars per share and sticking with mcdonald's we now consider burger nomics and take a longer look at the company around the world the economist magazine publishes something every year called the big mac index which seeks to measure purchasing power around the world based upon the price of you guessed it a big mac hamburger with the u.s. serving as the base it's a burn around since one nine hundred eighty six and at least theoretically the actual burger should cost the same since the cost of inputs should be roughly the same or similar across the world but currency rates are the obvious differential where so if a big cost a lot more in a certain country then the currency may be overvalued and if the burger cost less. then the currency may be undervalued so looking at the big mac index which is an annual report issued by the economist as i said it shows the most expensive big

macs are in countries which indicate a much higher currency valuation some would say over valuation of their currency the highest prices big macs are in switzerland and sweden and the least expensive big macs meaning the currency is undervalued are in egypt the ukraine russia malaysia and indonesia and tell us out on bergen nomics we bring in the c.e.o. of straw market and argue correspondent alex behala bitch welcome to you both alex let's start with you in the western hemisphere i mean how are the butt donald's restaurants looking in this part of the world i'm going to give you a sociological approach than when we're talking about business here like in north america mcdonald's has been in trouble for years or talk about the millennial basically here just turning their backs towards mcdonald's so you see those companies changing constantly changing up its menu moving towards a more mcafee type of idea here in canada you know there's are there tim horton's chain and and mcdonald's have been going head to head selling coffee and mcdonald's has come out on top at

a number of occasions being the biggest provider of coffee and then tim horton's back and forth to importance as a sort of a canadian institution hard to really knock out of the ballpark when you've got coffee and you're going against them but you know what's interesting though is if you look at this whole hemisphere is what does big donal's actually means of people so if yours in someplace like colombia hey it's a pretty high end dining you'll see families going to a mcdonald's all dressed up every once in a while it's not something they can afford to have every day so they'll do it maybe once a month or one twice a year once a year it's a big occasion for these people and you know that's the dynamics of mcdonald's also when we're talking about menus how dynamic the menus are when you go around the world and even in north america here on the east coast of north america we're talking about maybe even though the states that are there in that area and then you move on up to nova scotia one big city. or was the mc lobster now back in two thousand and seventeen was the last year here in nova scotia they had mccluster because lobster prices went up but listen make lobster sounds pretty delicious and

also if you go down to mexico you'll have a different treats colombia you have a breakfast combo that's called ultimate creole and that you know that has different things in there that things that we would never see here in north america so mcdonald's adapts to its market is not always about the burger they're doing a good job obviously when you're talking about their starts going up the way they are and just the value of the company but here in north america it's all been a little bit of a troublesome region hopefully or i should say luckily globally it's been a very different game for them and hillary tell us briefly about mcdonald's in the u.k. and in the yes it is very different there and it is different of course around the globe i would say one of the most distinct differences and in england the u.k. is that the portion sizes tend to be smaller and there are healthier options they have had been nona's and pineapple for years and those being served organic milk to children not chocolate milk organic milk which has not been available in the u.s. something that's rather interesting though is that mcdonald's in england says english muffins and the english have never seen english muffins because they

actually on to english so that's always a rather taken rather humorously by the english and then also they have a lot more to be served in a lot of them and donald so they do oversleep like alex said they adapt to the countries in europe and norway actually does being a t.v. program that has started a finding the best burger in the world and they have go i'm a chef that are out to produce those and they have some of those samplings and some of the norwegian branches that if you go to france or russia a lot of protests to try and stop mcdonald's coming in on particularly important is there was a zoning regulation by the locals the town hall that to try and stop the mcdonald's and also an island the second largest of corsica off the french coast are thirty miles west they actually want to bama donal's and they have t. shirts with a with a slash sign through it. no burgers allowed so they don't want mcdonald's and that's that's quite prevalent in many places in france except for of course power as well mcdonald's is very popular i think what mcdonald's does well is to take

a local taste and to tailor it to that market like they have done in the u.k. they've also done so in germany and they do so in the netherlands where they offer mayonnaise for their fries which not many other european countries have and alex i know in hong kong when i was there what first of all they don't even call the gunnels they call the golden arches but i remember instead of apple pies which they have here in the states i think they had corn fritters but the same in asia they're trying to attune the menus to local phase right. well it is you know this is the thing is not only appealing to a local population with a sense of food but in the sense of having a destination so mcdonald's in asia if you've traveled to ration the past two years many of the mcdonald's have been rebranded completely to make cafes now mcafee is more of a again a coffee oriented place the coffee is the muffins etc but there's usually that the mcdonald's menu as well and when you go to these places these are meeting places for people in asia i know if you're in the philippines mcdonald's is one of those places that actually people meet in the morning to read their newspapers and talk

over coffee about the latest in politics etc and in the philippines what's really interesting is that there are because of mcdonald's other companies have been inspired such as jolly b. would be is also kind of a burger joint slash k. of c. type of thing but they're going to head to head with mcdonald's and they've actually come to canada that also there's a couple of jolly b. locations here so and that's fear of things yeah the donald has adapted things with like shrimp burgers in korea and spaghetti and and chicken in the philippines and they do in india there's a premier burger so instead of having beef which is completely not allowed at mcdonald's in india they have one which is cottage cheese or put here so mcdonald's has adapted and it means different things to different people it seems don't have time right now but i do want to get into fast food hopefully with you to again and obesity i mean it's sort of like the u.s. is exporting obesity not just mcdonald's i'm not saying that but that's a significant problem with fast food and we hope you guys will come back and join us again to talk about how the u.s.

may be at least in part exporting obesity that's alex mahela that can help me for ticks thank you so much guys thank you pleasure. after several years of steady decline department store giant sears declared bankruptcy last week the once mighty iconic slice of americana is expected close some one hundred forty sears and kmart stores by the end. of twenty eighteen this is in addition to the forty five closures that have already been slated for november leaving fewer than five hundred stores still in operation heck sears sold everything including actual kits to build homes they had about four hundred fifty different home designs to choose from in their big catalog and news today is that sears stock was delisted from trading on nasdaq when a stock trades at less than a dollar per day for thirty days it triggers the delisting so how did sears wind up

here how is the bankruptcy being viewed and while the major pain is to be sure felt by a series of employees the closure is also impact malls and shopping centers where the stores now stand and there's an international angle to hear talk more about it is conservative commentator steve malzberg steve thanks for being with us what is the impact of this country a company that started eight hundred ninety three but now seems to be going down and going down hard well you know it was psychotic as you mentioned i remember as a kid getting the sears catalog you have to understand sears was adam is on before there was amazon or an internet that catalog contained everything you could order watches you could order clothes you could order tires for your car you name it and you could get it sears so that's that that was the impact it was a slice of americana for sure and there are two schools of thought here made maybe more one is that it was not inevitable that it was serious fell victim to modern

day capitalism for instance when eddie lampert it is the hedge fund merged kmart and sears and then and oh thirteen he took over as the c.e.o. people say some say that the quality went down that enjoyment went down the product quality went down the stores were dirty the management couldn't get help in one department or they wouldn't go come over from another department and then they bought up they sold of debt made loans and they had fun in some instances benefited so the priorities changed and that's that's why this. that many people attribute to the downfall and by the way lampard to be first in line in bankruptcy court others say celebrate sears no companies forever it's not too big to fail empires fail companies fail you go back to the dow jones original dow jones industrials twelve and eight hundred ninety six and none are still on there and only a few of the companies are left at all in any form so you have to look at it for what it was and that this was bound to happen especially when they didn't take

advantage of the advent of the internet they fell behind at that point steve i want to put two questions into one the first is we talked about these small vacancies that will result from sears and secondly internationally addressed both of those ok some mall owners are going to do well with these bacon stores because sears was a big attraction they were able to get long leases that didn't go up in rent so they might be able to charge five times the rent they're getting out there in good locations bad locations malls that are struggling some smaller vendors have outs in their lease that says if a big vendor like sears goes we could go or you slash our rent so they could be in trouble to tale of two to malls kind of if you will and canada can sixty five years canada had sears now all gone bankrupt mexico it's. carlos slim he owns it all and they're flourishing they have seventy five stores built three new ones this year conservative t.v. and radio commentator steve wallboard thank you see preaching your time my pleasure

. and that's it for this time you can catch boom bust on you tube dot com slash boom bust r.t. so long for now. prosecution will need to be commissioned please show the full school musical. were you cautious of the threat of fines. by the number one place you do i mean yeah i mean i mean political pressure on that god you've. told you know through security jennifer knows where to put your bundled up business models used by american corporations. of lossing called police sold on could be mental disease has a new album use. on the scene and the solution. lies up in association with the potato. little can he sell some dollars it is just

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