not pull out so i think america can't go it alone you know this talk about a word national a sovereign country just where the whole world looks to the u.s. for leadership just doesn't make sense to me. i don't like what we're doing also in the trade front let's get china to act more properly when it comes to trade but what do you break the relationship when we need their help with north korea you know with russia we need to work together on energy on syria on ukraine on on so many other issues arms control going it alone is not going to work last question mr ambassador what do you make you mention the arms control agreement with russia you've noted there north korea and you what do you make of sort of all the bluster the tweets about fire and fury it you know it seems like the his former u.n. ambassador had to sort of be the quintessential guy behind the elephant in

a parade cleaning up everything he says what do you think about that sort of rhetoric and dealing with the policy around the world. well i'm horrid especially right now with the caravans i mean just threatening these poor countries no foreign aid unless you. scoop up the care of n.z. human beings that are leaving because of oppression because gangs because of human rights violations oh i think we have to stand for something and this fire and fury you know is one day fire and fury then he's calling kim jong loon who used that term initially fire and fury the now they're in love you know you in diplomacy there's got to be discretion you have to be a traditionalist you have to say what you mean and although on north korea things are better i will say that i worry that the north koreans are not complying with denuclearization and we're kind of let him on the hook mr ambassador i just can't

thank you enough for all your service in general you've gotten hostages out of places nobody thought they would get them out you better real inspirational leader and you could to new to do that even amongst the time would have a lot of anxiety for many of us that's former governor of new mexico and more importantly the u.n. ambassador thank you so much and better appreciate your time all the best thank you very much. and now we move to our global market round up in this week we start at the mo x. that's the russian exchange the russian stock exchange and you might think like all the other markets it was down this week and as we had to chang hi to china that's one of the few bright spots there's not many markets you'll see here that were actually up this week shanghai composite indexes one although on the year shanghai is actually down two point three trillion dollars in valuation and the heart is back in june of twenty fifteen from that time down five trillion dollars in

valuation moving over to the nikkei in japan all. also down same with the hang seng in hong kong and then down under the a.s.x. one hundred also down this poll past week and then moving to mumbai india the bombay stock exchange they still call it the bombay stock exchange the sensex that is also down and by the way on valuations there the sensex also down on their valuation by a quarter so far this year that's five hundred fifty seven billion dollars on the years so far from the highs and even the other day the other index rather in india we don't cover it's got a cool name it's called the nifty fifty that was down also in india and moving to south africa to the all shares the all shares index that was down plus you go to europe and boy it was ugly this week based primarily upon those poor earnings reports in the u.s.

we've been telling you about that cac forty down two percent today and down for the week the german dax down one point five for today and down for the week and even the footsie down this is the worst single week that there has been in european stocks since august of twenty fifteen and screwed him back down over to south america to the call cap index in colombia down and then the other anomaly we the same anomaly last week as you may recall down at the eyeball of best buy that's a brazilian exchange in sao paolo and a lot of that is due to this really seemed seems to be a real positive thing among market traders for higher bala's the narrow who that's the far right candidate was in a runoff and that takes place that runoff on the twenty eighth coming up this next week moving up about five thousand miles rather to toronto the t.s.a. x. a try to stock exchange also down as were the favorites in the your the dow jones industrial average trade in the new york stock exchange and of course that has that

all down and we've got coming up now time for a quick. break but hang here because when we get back rodney horner of simpler trading will sort of weigh in on this on markets and on the g.d.p. number it's out today and maybe oil also we'll get to that plus why old guy yeah old guy i am met with him just a few days ago and he spoke with us about the guy i am motor company which produces some of the coolest electric vehicles on the planet all that coming up stay here and hear the local numbers in new york at the closing bell we'll be right back. prosecution. where you.

just read you'll find. somebody you know going to see do i mean yes i mean political pressure on the. security jennifer knows when to pull your business models used by american corporations. to see to. see and you said this is. a dissociation. i knew could he saw. somebody on his way to take. an investigative documentary. on oxy. zia's says harlan kentucky.

police people were very firm using. a co money since it was almost no coal mines left. the jobs are gone all the pay rises to. live to see these people the survivors of disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happening it's happened. traum has been coming up with a lot of statements saying that the arab states of the gulf should take care of the middle east or other we're still committed to the middle east so there's there's a lot of incoherence there but i think saudi arabia is hugely important to the united states and i think trump understands that and this is this is exactly what was driving his kind of commentary on the. killing i think that's the end of the

day it's not going to change the status quo of america's policy you see if you go. round up close to the first out of the jewels of. the concepts those preparing to perform i had to actually prepare myself to die. no said he did what no sorry trust me. as mr. snow and home will start trying to narrow. the cloud. discontinuity was. if he had the goods sold on solution and. sold we'll see him getting. what.

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than a match and. i would prefer to say that. the human space is must be come into prana terry wish me instead so we have a living in the solar system. and for sure we show that spends on other. all of this of the solar system i see these and so way of bringing in and developing more technologists and new technologies so that's becoming even than the

same increase and improve the funding to life on earth. pranking gave americans a lot of new job opportunities i needed to come up here to make some money like me twenty five thousand dollars as a teacher or i could make fifty thousand dollars trucks or chose to truck people rushed to a small town in north dakota was among the plum and rate of zero percent is like gold rush is very very similar to the old growth but this beautiful story ended with pollution and devastation a lot of people have left here i don't know too many people here anymore just slow down so much they lost their jobs that laid off the american dream is changing that's not what it used to be. and that's a tough reality to deal with. welcome

back the new g.d.p. numbers the gross domestic product average for the united states for the third quarter of twenty eighteen are out and the number is three point five percent that's good but it's not what it was it was four point two percent in the second quarter but still really positive by the way this is a sixth straight quarter of plus two percent g.d.p. growth and here to talk more about g.d.p. about markets an oil and maybe some commodities will see what we can get to is rocky horner joins us from florida rockies of simpler trade rocky welcome thanks for coming back thanks for having me bart. so let's start with this g.d.p. number i mean could have been better but you know it's still pretty good right what what are your thoughts i look at g.d.p. right now and it takes me back to october of two thousand and seventeen and i think

about the trend that we were seeing before we got that big four point one print q two of this year and a lot of people dismissed that four point two thinking it was a ramp up in beings but it really was consumer spending we saw a huge amount of consumer spending strength so we now see the sort of reversion to maybe to the mean of what we saw back in october seventeenth and we actually saw g.d.p. ticking down before that big print so what i'm thinking now is are we going to go back to that trend where we start ticking down from three five maybe three three back to down to three of i'm a little i'm a little concerned about the consumer spending and how the f o m c just feels that consumer and business spending is going to remain stable despite the market melting down at the moment. yeah and if they're spending they're not saving and you know i know that you've talked a lot about different stocks you know for use with discretionary money but i'll tell you what when you don't have money you're not going to spend it on stocks but

let's talk about stocks you know we always have you on talking about oil and we love it we're going to get to that a little bit because there's an interesting little dotted connection here but i do want to ask you about amazon which really shot under what the expectations were and you know amazon we maybe our of our viewers may recall back in september was reaching that trillion dollar valuation but with the report that came out yesterday their earnings report it's really down and the stocks actually dropped i don't know six seven percent on that news and their valuation is down and now microsoft even appears there did better than expectations and their stock jumped up six and a half percent something like that maybe six percent but either way microsoft now looking like they may even be the number two bell huge company right behind apple overtaking amazon this is quite a move what do you think. i look at three big names and i think anyone looking at the nasdaq and the s. and p.

think the same thing apple microsoft amazon and we see right now as far as those three pillars go in there waiting in the s. and p. and they're waiting in the nasdaq apple still holding everything up and microsoft's doing a pretty good job but we just got those two pillars doing their job amazon has been rolling over so when we see the response to a market that was already arguably breaking down to support and we see the market now selling into these rallies these are the kind of things that i've been telling listeners and readers we really want to be aware of when we no longer buying the dips but we're now selling the rips and the weighting of amazon in the s. and p. and the nasdaq the impact it will have on the larger average in this passage investing world the weighting it will have in names like the x l y is going to be significant and something to watch. you know you i watched one of your things that simpler trading other day and i was really interested in it and you know as a former commodity regulator i like you know supply and demand and and all that but

you were talking about the relationship between stock markets and the impact upon oil prices and other things you know you talked about the domino effect there explain that for our viewers right. absolutely bart so of course you know how these things work i mean you're well versed in this and i'm glad you're bringing this to the forefront because oil is such a massive part of what we're going to see probably as a falling some number of you know falling from the current drop through some of these highs drop through support maybe even subs technical indicators like the two hundred period simply moving average so there's a lot of reasons people are looking at oil very skeptically there's probably one more reason for oil to have one more move to the upside and that's the uncertainty of the iran sanctions are we going to see a million or a million and a half barrels come offline or we're going to see one more surge from china and india and terms of purchasing kind of

a juiced up purchasing before they start dropping back but when it comes to equities right now we really have to look at bonds and oil and look at what well market is telling the bond market and what we've seen in the two the five to ten year the thirty year in terms of inflation and the bond markets reading the oil market signal loud and clear which is we're heading lower there might be a few rips to the upside and geopolitical concerns here and there but i think that trend is going to continue lower and it's going to take gas with it. so i don't w.t.f. i was trading i didn't i didn't look at our own numbers at the bell but it was sixty seven seventy five or something a little before we went to air and before we talk roger used for a thought that you know russia or the saudis or the states would pick up that reduced iranian production do you still think that's the case. it's a great question but you know when we spoke last time the equities markets really had not succumbed to over ten selloff and the mood here just two weeks later in the

equity space is so different so it's really much of before october tenth october after october tenth kind of conversation and we've already had the. opec even opec you know say that look we're looking at less demand in twenty nineteen and when the equities markets roll over is it even that big a concern when we've had two massive build up these last two weeks and e.i.a. numbers i mean that's really what rocked oil you look at what a road that support and sent oil sharply lower really wasn't that big equities selloff it was the giant buildup we saw a week before last so it may not be as important or more it may not even be that relevant whether or not anybody steps up. just real quickly rob our commodities going to be impacted by this trade war being six cetera. you know beans are going to be one of those very geopolitical names and we look at that was go back to that

q two g.d. g.d.p. where a lot of traders and investors wanted to dismiss that big number just by saying hey look this is just a ramp up in being exports sort of front running that tariff as best they could but really if you look at the exports and beans it really wasn't true really was consumer spending i think we're going to see beans pretty much do what they have been doing going forward thank you so much i really appreciate it rog a rocky horror of simpler trading you can check out online to valuable information thank you already have a great weekend thank you. not long ago i sat down with an enterprising entrepreneur role guyin who is the chief technology officer of guy and motor works in india they make that coolest electronic vehicles around here is that. you're in india but where else are you around the world yeah so we explored a few weeks goes to lebanon. bangladesh indonesia and

salvador and so in beirut that's a weird mix of places all why why are those places that were located we used to make petrol c.a.g. audrie and emerging markets that are natural fit for those way goes and since we're doing and actually goes electric architectures very many of these piazzas don't have access to you know reliable electricity we provide the whole solution we provide the wake of the swappable batteries extra batteries and also solar. so we we're one of the few companies in the was in this space that do that so we get a lot of requests and. so we selling to them now you talk about solar do you need charging stations how are you dealing with the the solar part of this role it's up to the customer but. solar has become cheap and then you better have a battery is that there's a lot of synergy because lake you can store. you can store delic electricity in but

you don't have to use it in a charging station as is so many of our e-commerce customers also have solar panels on top of their their houses and you know so it's literally a machine free. mobility right now and sort of makes sense in remote areas so i think that's why since we provide the whole package they want to buy our products you noted to me the difference in battery life between like a scooter for example we're seeing a lot of those in the u.s. the lime scooters and others what's the difference between either an auto rickshaw that you produce or a bicycle and a scooter and what's the difference in the batteries yeah it has to do more with the. chemistry and you know the energy density of batteries right now we may use. a modified and mc chemistry with proprietary electrolyte

which which is good. which is good at high temperatures so you know they don't explode so bonus yeah and they're related for fifteen hundred cycles right now so that's about five years and. the ones that are used in. most of the electric scooters. they need the weight of the scooter to be very light so they try and use the most energy dense chemistries and their associated problems with that as has been shown i mean they buy the accidents and leg the whole boards and samsung. does it take more energy to actually run a scooter than than a bicycle or an auto rickshaw. bicycle or the was a day even in areas where you don't have proper roads even

a dirt road they're more efficient as compared to. a scooter. if you have good in countries where good infrastructure is good and fine but even if you compare scooter an electric bicycle bicycles are more and efficient in any situation and tell me about the competition out there are folks that are doing similar things to what you're undertaking we would like to transition into. into and she mean in five ten years and into the future and that is why that is where swappable batteries come in we like to partner with automobile companies and. share our technology. so that we can build an ecosystem where you don't have to sell your wakil with a battery you can sell it without the battery and charge like a subscription plan like how you do it and with the mobile phones and so people so

that the cost to share and just leg you going for the gas and petrol station you can you know swap batteries and you know for use so that you know. you know you can. you can you can sell electric regular that much cheaper cost and lot of people a lot more people are going to ford it how far could a bicycle or a try sickle go on a single charge yeah. for our try sickles we give we give in city range of about one hundred kilometers for the bicycles it's we have two models one one which has about your product which can go up to thirty kilometers on a charge and another go up to sixty. on that as an a charge you mention fleet so i think earlier wal-mart except for but right now is it just business to business where you're selling fleets and i assume that's logistically an easier thing for you to do at this stage in the development of your business tell us about that but

this provides an opportunity to make you know it it makes service in these vehicles easier. to test our technology better. and. we. are looking at this more often energy marketplace perspective swappable batteries you know. in india you know there's this whole distribution system for propane tanks cylinders as we call them they're the primary source of energy for a lot of. the distributed by. you know nationalized oil companies so we are trying to build a similar system but decentralized and and we we we are incorporating but blocks into it and. we want to transition that into a cryptocurrency in the future so that. stored energy is valuable energy

intermittent energy is not valuable if you look at solar and then. you know they're pretty cheap right now but then they consider it unreliable because the creator created intermittently when there's no sun there's no power in the wind stops blowing it puts a pressure on existing infrastructure but here you don't need an existing infrastructure you can power your home with a couple of our batteries if you can now sort of all you have excess sort of bar you can take them to a. swapping station exchange them for credits so we're looking so there are two ways you can go about it the world has sun and the does not at any given point in time so you have a global grid. probably multiple trillion dollars to buy that and and you can figure out who who is going to do it how they're going to do it or you can have something the centralized like what we're talking about where you know you

axes to produce and create energy you know can be done by literally everyone so that's the future we're trying to build and. making some good progress and where are you in the stage of your business and business development. start up making money except or oh no you start a few years ago to tell us more so we've been around for about six years now but. we were selling because we've exported about five thousand we closed and watching markets in south asia and southeast asia. but then we decided to transition completely to electric because that's where we thought the future was going to be and we started getting some traction in a year back and we've made about a million dollars in sales this year and we look at looking at not a book of about ten million dollars or the next one i want to know if yes that's

why you'll go i am of the guy i am motor works he's the chief technology officer role thank you so much for being with us and thanks for what you're doing for the planet electric certainly better than petrol fuel thank you all. and i want one of those electric rickshaws that's it for this time thanks for being on board we'll catch another time so long for now. the thing about saudi arabia today is oil is when they get too close to investigating what's going on over there they push the price of oil up now. last ten years because of fracking in america america position the self as energy independent and no longer subject to the political pressures that can be borne upon them from opec and the saudis so we're going to see

a real test of this because. all of the litany of horrors coming out of saudi arabia is making people if you. will run out of the with the flow for the best out of the jewels of. the concepts i was preparing to perform i had to actually prepare myself to die. he'd what. i'm sorry trust me. as most of. you. in a home of. her love. this country because. she had a good. soul. was that you could would. not yes get more clear to me she. had to go in

the. toilet i mean here in the. u.s. department of justice charges the suspect was sending a string of pawson bombs to senior u.s. democrats and warns he could face more than fifteen years behind bars. the european court of human rights through his eyes and appeal which is to use the freedom of speech to defame the prophet mohammed we put the issue of the debate we should have free speech and it goes as far as saying in some instances the perfect moment.