tv Boom Bust RT November 7, 2018 8:30am-8:48am EST
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the decision was formally announced as pakistan's prime minister on room come on businesses and met with chinese president xi jinping in beijing. and in japan the cabinet has approved legislation to ratify a massive free trade agreement with the european union effort to be implemented by february first under the agreement japan is set to remove ninety four percent of their terrorists and the e.u. will remove ninety seven percent in sectors including but not limited to agriculture seafood and your products the deal covers roughly thirty percent of global gross domestic product and around forty percent of all world trade interestingly the collective g.d.p. of the e.u. enchant is nearly the size of the nafta nations the us canada and mexico. venezuelan president nicolas maduro continues to look for ways to help the nation's troubled and hyper inflammatory economy and is now looking to go to the bank the
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gold bank that is he once the actual physical stuff the gold back from banks the move comes after the trough of ministration instituted even further economic sanctions upon venezuela as a nation and upon individual venezuelans related to gold late last week in order to restore democratic order in venezuela and combat corruption according to the state department the united states will quote continue to use the full weight of american economic and diplomatic power to help create conditions for the restoration of democracy for the venezuelan people of the gold from a door that mr berger is seeking to obtain is included five hundred mip five hundred fifty million dollars worth from the bank of england but mr dural may be too late since the u.s. has apparently already placed liens upon all those gold reserves. amazon has reportedly narrowed down their site selection for what was to be a major second headquartered. dubbed h q two we previously reported that the
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company limited the selection to twenty different us cities well now they appear although it's not final to be headed to two different places so perhaps not h.q. to maybe h.q. two point one to h.q. two point two who knows arlington virginia and more specifically the crystal city area of arlington just across the potomac river from washington d.c. in our studios here at r.t. america and next to the national airport appears to be one of those sites of the final twenty cities three places in the greater d.c. area competed northern virginia mcgovern re county maryland and the city of washington itself as a note amazon c.e.o. jeff bezos lives in or around washington and as the owner of the washington post newspaper as for the second location reports are adamant amazon is favoring new york city and the borough of long island new york governor andrew cuomo has been meeting with amazon officials in an effort to secure the selection even joking he
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would change his name to amazon cuomo if it helped due to the economic importance of landing amazon in his state for the company's part they say the h q two project will see an estimated investment of five billion dollars and that fifty thousand employees will be hired over the next fifteen to eighteen years one final caution some reports say dallas texas is still not completely out of the picture but for now it looks like crystal city virginia and new york city are for amazon. and speaking of amazon's twenty fifth tensional site the number twenty is actually bad news for some communities in the u.s. and there's bad news in canada too as home improvement store lowe's is closing twenty locations across the u.s. and twenty seven stores in canada the move is said to enable the company to focus more upon the most profitable stores and company executives say most of those closures will be within ten miles of a. existing lowe's store locations lowe's key competition is of course home depot
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which is reported revenues of more than one hundred million dollars while lowe's has struggled to make seventy million dollars as you may recall lowe's has a new c.e.o. marvin ellison who was formerly the c.e.o. of j.c. penney. the u.s. midterm elections are underway as i said all four hundred thirty five seats in the congress the u.s. house of representatives are up and of the one hundred senate seats thirty five thirty six are up this year thirty five are up and there's thirty six governors races in the various states while we may not even know the results for a while what are investors to do here discuss is john grace the founder and president of investors advantage corporation and danielle shea the director of options and director of operations at simpler trading thank you guys for being with us i really appreciate it such a timely topic for today but danielle let's start with you how should investors be
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prepared for this election cycle. absolutely well i mean the first thing i can say is the best thing about this is it's going to be over soon because the markets absolutely and those in thirty's i feel like the sooner we get the answer the better you know between the two options i think that the best case that we have for a rally is going to be completely republican controlled congress and john what do you think what's your take on what would happen in these circumstances. well i mean we can get hysterical but let's go for being historical and that would be looking at the history to look at the data and what i see is this is from oppenheimer in the u.s. congress report seventy eight percent of the time no matter who wins the market ins up higher so it's not like our friend in florida who said the market's going to drop fifteen percent i mean you may do that anyway but it won't be because the dems showed up you know guys i. will admit right here i got it wrong when
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donald trump was elected i thought that markets would tank so john you know what you say may be exactly be true then now in my defense it is just a little defense he came out that next morning when he did it and he was so gracious about secretary clinton and i thought hey this is the president elect he's going to change from the crazy campaign mode and i was hopeful that hasn't become the case but markets to take it off anyway because the tax cuts what sort of things out there danielle whether or not it's further tax cuts or regulatory role or transportation what things that might happen given a new congress that could impact markets. well you know the thing here is that yes there's been a really there's been an awesome trump rally right and i think that we could see it continue trump rally however at this point the biggest problem is rising interest rates because that can absolutely slot on the economy and we're set to see another
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one in december more next year so even if we do still get you know when i say that i'm looking for a rally i mean a very short term rally because at this point we are going into midterms after correction and i am looking for a short term rally but in the long term if you look at the long term case the fact that this earnings season we saw a lot. in guidance as well as more interest rates that are rising so i. i think in the long term we get the downward action yeah and a lot of those companies when they reported on those calls danielle talked about their concerns about trade going forward but let me ask you john about a couple of specific things think about for example if i save this probably won't happen but say the democrats won the house which most people expect and say they win the senate which not a lot of people expect and there's sort of a democrat there's a democrat congress and there is
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a republican president there are some areas of agreement potentially infrastructure is one democrats wanted the president's talk like he wanted but look forward but he's talked about it and even on affordable care study even on prescription drug prices so might those be areas if the democrats won congress john for us to look at the drug markets and the and infrastructure john deere cat except for a. yes absolutely and let's look at it both short term and long term and let's start with the short term from the standpoint that markets love gridlock ok and it's contrary to most people's point of view but when we go back to one thousand and one we can see that with a unified government the average returns but about nine percent per year and with a divided government the average return has been about ten percent per year i mean you'll take any one of those numbers either one of those numbers but yes i think infrastructure the democrats would put that in play we we had a lot of promises there nothing's happened yet health care regardless of who wins
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the white house the congress the senate it doesn't matter you got ten thousand people a day turning sixty five we have to buy more health care as the baby boomers reach fifty four this year to seventy two this year so that's not going to stop so i think health care has done well by the way health care whether it was the stocks or the real estate related companies declined less in two thousand and eight and rebounded faster probably because of all of this demand again irrespective of political parties that might be involved the others are financials they've taken a beating along with the banks so far this year you know they're making a lot of money interest rates are going are going up that is in their favor so i think it restructured health care financials of the banks will it will do real well and then finally let's say i have a list here and that's of course tech stocks they've also taken a hit a little to their usually the ones that lead us out of these things well we hope that you all will come back and when all of this is sort of settled and talk about
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what congress might do if things change both in tech and privacy and also with the financial sector danielle shay the director of options not operations that simpler trading and we love to come in on daniel thank you and john grace the founder and president of investors advantage corp thank you guys we'll see you again we'll see you next time. the sea of galilee in the middle east is facing a major issue as water levels of israel's. major reservoir has dipped dangerously low galilee has not seen completely that not been completely full since two thousand and four overpumping and longer periods of drought have dropped water levels by more than eighteen feet at the levels get any lower it could be a risk of permanent damage so what's a country to do with a major source of water in danger well the idea is to desalinate salt water from the mediterranean then pump it forty seven miles to the sea of galilee in order to replenish what has been lost however the project isn't set to start until next year
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meaning israel will be banking up on winter rains to hold off the impending disaster. and on that note we now turn to someone who's come company is looking to deal with the issue of access to clean water joining us from houston texas is the founder and president c.e.o. of magnum period systems grant page grant welcome thank you for being here. thank you for having me so cal tell our viewers what your company does magnet imperial systems and what you're hoping to sort of solve because you know desalination has been efforts of and try and tried for decades but so far it hasn't fixed some of these trouble spots around the world how are you going to do it grant. and i my systems are really focusing on solving the world's water crisis and we're going to do that by focusing not only on the developed countries and like the example your giving but also the developing countries and the way that we focus on doing so is
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maximum recovery and minimum energy usage so you talk about pulling that sea water from the sea and the levels decreasing and so on and so forth well one of the primary problems is a lot of these plants that they're spending billions of dollars on to build not only take five to seven to nine years to do but they also have very low efficiencies. by efficiencies i mean you put one hundred gallons in for every hundred gallons you might be getting forty gallons out and that's just not acceptable and that's one reason that it needs to be fixed grin let me ask you where are the places that are most prone to these problems you know we've covered in the past this day zero in south africa where they were going to run out of water and i guess things have been staved off until next next year but you know africa middle east are those sort of the key culprits for potentially problematic issues with water. well the middle east actually is much farther ahead than some people
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might think i mean saudi arabia has forty nine out of the fiftieth largest desalinization plants in the world when south africa claim that drought there are prefer still had twenty one percent levels in them were if you look at places even here in america like southern california they were weeks away from having zero percent not only in the first but also in the infrastructure that diverts water to southern california and if you look at the ways that we look to fix that it's to build a large diesel plant and do to whether it's politics or cost or companies fighting over this or that it's not it's not a solution because those solutions take like i said before you know five the nine years to install so you know yes you can have other sorts of immediate response agencies to kind of help out maybe in that three to six months maybe in some cases up to twelve months solution when the drought actually hits but then you're left with a gap for the next you know two years to five to seven years out private example is
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look at happened in puerto rico you know we're able to get in there and help solve the immediate problem but if you go to puerto rico right now it still is messed up as it was when we were arguing about it after the storm so what america and the rest the world in the developed countries need to do to come together is find a solution that can both be deployed rapidly and also be robust and resilient to last for those ten or fifteen years afterwards just like a large diesel plant is and that's one thing that my systems does is that within three months are able to deploy those systems and reach those hundred million down pretty capacities in one to two years instead of five and nine that's pretty impressive grant we wish you all the best we hope you'll come back and talk about it again this is issue is unfortunately not going away maybe fortunate for your top of the book we hope you'll help solve it looks like you're on your way great thank you so much graham page the founder and president magnet imperial systems appreciate it great to see again i hope. time now for
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a quick break but hang here because when we return if you ever looked at oriel resources in the u.s. gulf of mexico wow is it astonishing artie's fly a tab in your brings us that report and later when we talk about offshore oil production the u.s. there's an exceptionally extraordinary question on a boating ballot today in the state of florida at first that must be seen confounding but molly barrows tells us not so fast as we go to break polls are still open in many states and the markets seem to be fine at the closing bell dow the nasdaq and s. and p. are all up in a few minutes. you
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know world of big partners a 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 bath and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for washing clothes for watching the hawks. seem wrong. but all. just don't. get to see palin these days because that's ok and indeed should be close to trail. when so many find themselves well it's a party we choose to look for common ground. welcome
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back turning to more earnings report today health retailer c.v.s. to breeze by earnings expectations by posting a q three income of nearly one point four billion dollars with the news c.v.s. shares rosalee nearly two percent on the report and their share jumped to more than seventy seven dollars per share q three revenue also exceeded predictions by around one hundred million dollars the report comes in the wake of the business acquisition of at which should be closed by the end of this month c.v.s. continues to operate nearly ten thousand locations.
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