buff late yesterday night came ahead of a deadline given by the commission which is now expected to move forward with a so-called excessive debt procedure or e.d.p. a process designated for nations that run deficits over three percent of g.d.p. against italy some even believe that italy may be subject to some sanctions going forward check it out i think we are approaching sanctions from the european union because i think that the italian government unfortunately has chosen a conflicting course with the european union so i expect a very tough reaction. yields on italian bonds rose to a three week high on the news and moving north to the german economy which has contract it for the first time since two thousand and fifteen according to the latest figures those reports indicate the german economy which is europe's largest of course shrank by point two percent in the third quarter be low expectations of point one percent contraction while the news was not shocking given those

expectations and the recent troubles of german automakers over those european emissions scandals and those standards the news looks more more ominous for europe stability in the context of the things we talked about earlier the italian budget drama and today's british brecht's it cabinet meeting some analysts pointed to the weakening of view of chinese demand as a factor likely to suppress german growth going forward. and moving back to north america ford motor company has announced a huge partnership with retail giant wal-mart to develop a grocery delivery system using self driving cars are autonomous vehicles i guess as they are increasingly termed delivery service post mates based in san francisco also be on the team helping to design the system for ford vehicles to deliver wal-mart's where's the project will start with conventional human operated vehicles and at least some of the testing will take place on the streets of miami florida miami dade county drivers take note in the longer term ford says they expect to

begin producing autonomous vehicles by twenty twenty one. and in market manipulation news a previously unknown guilty plea from a former trader at j.p. morgan chase may give a big boost to a lawsuit to investors who say they suffered losses in the silver market it was real yesterday that john edmonds admitted to a legal efforts to manipulate the silver market when he was a commodity trader at j.p. morgan by means of so-called spoofing that sending out false signals prosecutors alleged in the court. record that mr edmunds learned the tactic from more senior traders at the firm and as a note on prices silver is down fifty three cents in the last thirty days and down to thirty five in the last six months which is a fourteen percent drop on twelve months silver is also down sixteen percent and trading today comix around fourteen dollars and twenty cents per ounce.

some of you who busters may recall when we did our weekly market wrap last week i noticed some south african gold related companies and said we'd have more on gold well as promised here we are and we're joined by peter schiff the c.e.o. of europe with afic capital peter welcome glad to have you as always before we get your thoughts we will be hold on gold what's your reaction to that news about those j.p. trader at the one particular trader on silver. well you know there's long been rumors of manipulation when it comes to the gold and silver market and some of the rumors are probably true but i don't think that is the primary reason that the price of gold and silver have been going down i don't think it's just manipulation i think people just are completely clueless with respect to what's actually going on in the world they don't understand the u.s. economy that understand the fed but they're about to get a rude awakening and the smart money is buying gold whether it's being manipulated

or not in the short run gold and silver of both going way up in the long run and the long run may be here much sooner than people think just as a quick note on silver peter you know when i was in my former job i called for an investigation into silver i was the guy that did it took five years and we found all sorts of evidence of a tested manipulation of manipulation but not enough to actually prosecute so from a personal perspective i'm glad to see this going forward at least in some degree on gold we saw gold prices hit a four week low of twelve zero one forty that's one thousand two hundred one dollar and forty cents yesterday as the price traded lower for seven to last a training session for the day it was trading up midday at least two dollars and forty cents on call next that's a commodity exchange in new york what do you make of gold prices these days are we about to see an upswing as markets appear to be ready for some correction. well you know i think we're up about ten bucks

a day so back around twelve hundred but you know the u.s. stock market is looking very weak the bond market you want to talk about manipulation it's the central banks that have been manipulating bond prices and interest rates far more than traders were able to manipulate gold and silver but i think the error is coming out of that bubble and as this u.s. stock market implodes as more and more people realize that a massive recession that is even bigger than what we now call the great recession of two thousand and eight is actually around the corner and this credit bubble is far bigger than the one that popped in two thousand and eight that one produced a financial crisis this one is going to produce something much worse so if people actually figure this out they're going to be buying gold they're going to be buy that a big way and today's small move up is just a taste of what's common hey peter can you give us just real quick take on where you think we should look at gold being i agree i think it's going to go up but i mean where would you say gold would be say a year from now. bowick i mean i don't know where it's going to be i think it's

going to be higher it could be a lot higher i mean it could be dollars higher i don't know it all depends on how this thing blows up i think it's going to blow up in a big way this is a huge credit bubble we're going to see waves of foreclosures and insolvencies and bankruptcies not just companies but municipalities you know it's not just puerto rico we're recording this from or broadcasting from you've got a lot of major cities and economy united states that are a couple more interest rates away hikes away from from bankruptcy and look at these on underfunded obligations the pensions the health care look at what's coming up going on with the natural disasters look at this you know catastrophe and in california both northern and southern california in addition to the loss of lives in the human tragedy there is a financial cost to this that really we can't bear so all this stuff is coming to a head and it all depends on when you know when it blows and what it does gold's

going ballistic absolutely wreck to leave it there we hope you come back peter schiff the c.e.o. of your pacific capital thank you for joining us peter. we've spoken several times about that fatal lion air crash in indonesia which took the lives of all hundred eighty nine people on board that boeing seven thirty seven max well now u.s. aviation authorities are investigating the aircraft maker's safety analysis on the plane and what information boeing released to the airlines those who bought the planes related to potential problems with the new flight control system which is used on the most recent version of the seven thirty seven's u.s. federal aviation administration is also examining boeing seven thirty seven training requirements for pilots and for more on this here to discuss is former national transportation safety director jamie jamie what's the latest on this thing a sort of shocking appreciate you updating us what do we know since we were here last time sure well as we know let's from the lessons of boeing failed to. address

this issue that they have found with their their new flight control system that that regulates the altitude of the attitude of the nose and what it does is the new system that they designed for the seven thirty seven max series is a way to keep the pilots prevent pilots from raising their nose too high and making it go into a stall unfortunately this new system is causing the nose to dive down because it thinks that there is a problem and then the pilots don't have enough time to pull it back up and to avoid a crash i know you're it's unfair and i get these questions to you removed from you know n.t.s.b. you're not there anymore you know and all the detail like so to speak generally how do these things sort of progressed at the f.a.a. at n.t.s.b. about what the company balling should have done in a circumstance like this and i guess not specific just generally well generally i mean i have to i have to give boeing their credit i mean they're very interested in

making sure that this investigation goes well and they're being they're being full participants in this investigation and living their technical expertise that day is a party to the investigation of the lead agency in this lion air crash that we're talking about the killed one hundred eighty nine people and in the last month that crash it was being led by the admission national transport safety committee. sitting out a report that should be out at the end of this month by international rules they were required to release some of the initial reports within thirty days of that crash but it isn't the question though jamie whether or not as you say the attitude on this is angle of attack the like scared me by talking about in the last time isn't it that it if this could happen rather than wait till we've had this fatal crash and then sending out a warning shouldn't boeing have done something preemptively well that's the that's the biggest right now and we're having there's already been complaints lodged by

the southwest. alliance pilots association and allied pilots association which is american airlines pilots of both both the unions those are unions both use of come out. lodging their complaints because they were never informed and they haven't been trained on this and that it wasn't even in the manual for this new aircraft jamie fitch thank you so much for being here jamie appreciate the update absolutely . and we're going to squeeze in a brief pause for the promotional cause but stay with us because when we return we look at the huge hype surrounding the new amazon headquarters location and what were the deciding differentiators plus we consider the business of the u.s. environmental protection agency which continues to have pretty per announced personnel problems molly barrows will join us as we head to break oil prices snap their twelve days down we told you about last time west texas intermediate traded up just a little above six fifty six dollars per barrel at nymex as did the global benchmark brant crude which trades at the intercontinental which change in europe ice futures

europe in london which closed just above sixty six dollars per barrel and here are those numbers at the closing bell we. are both of the systems to spaceballs. i don't course on the syria. world's going to say they support the business with the most intuitive because look . this is. the food. but it's not on the front of us not i'll show tonight.

the cases that i know is that. to look at them what are the funniest or flaw with most home from the show such as the fluid somos. as the media become unhinged in there of trump the president's most ardent critics in the media hang on his every word news cycle after news cycle are all about trump and much of this coverage is negative as journalism lost its purpose are journalists now nothing more than ideological advocates. pranking gave americans a lot of job opportunities i needed to come up here to make some money i

could make twenty five thousand dollars as a teacher or i could make fifty thousand dollars a year truck so i chose to drive truck people who rush to a small town in north dakota was an unemployment rate of zero percent like gold rush is very very similar. but this beautiful story ended with pollution and devastation a lot of people have left here i don't know too many people here and 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 it's a tough reality. welcome

back some tasty news out of europe today as a european court of justice has denied a dutch cheese makers attempt to claim copyright over a flavor a flavor the love ball a company is thought to block a competitor from selling a product called wise women's cheese that lavalas said has a flavor that's too similar to one of their own products sold under the name which is cheese the court pointed out in her ruling that quote the taste of a food product cannot be identified with precision and up to objectivity therefore the current or the court found a taste cannot legally be treated as a work under the copyright directive. the day after amazon's official announcement on city exciting a supposed h.q. to which turned out not to be a new headquarters some critics are looking at a previously secret winning bid and calling them bad deals most notably in new york city here to discuss this controversial topic and the huge hype around the issue

our noted amazon critic council member schama sawan of seattle john grace of investors advantage and servant of commentator steve malzberg thank you all for being here and now we know that cities committed to offer the greatest incentives but not all of them one actually there if you do some quick math at one point five billion incentives from new york city divided by twenty five thousand jobs that suggest they per job sudden city of forty eight thousand dollars new york magazine today asserted that real incentive figure is more about three billion dollars but either figure is it a good deal councilman you've got a whole lot of experience an out there let's start with you what do you think. well i think the spectacle of two hundred thirty eight american cities trying to goo corporations like amazon with cash grants promised corporate tax breaks promising to behave themselves and not passing big business taxes i think this is an

indictment of not only the system of capitalism but the corporate politicians that are serving these bosses i mean the you know how craven of andrew cuomo to say i'll name myself was on cuomo if that would get amazon here and i think the real point here is that the politicians in all the cities they are striving to make all all the cities participate in a race to the bottom as far as working people are concerned in order to give more and more of a sweetheart deal to amazon and bezos and corporations like them and that is why i really congratulate the working people in queens who are out there protesting and i congratulate ocasio cortez going into the new congress member for joining the people in saying that our city should be affordable and livable for us working people and not be a playground for the wealthy. well said i mean the other side steve is that all these two hundred thirty five two hundred forty localities competed in me that this

flight was going to go someplace and they hire jobs what are your thoughts steve. well you know being in the belly of the beast here in new york city i wonder if i could get that which is cheese at amazon once they. open up anyway i think that the people are outraged in queens and around new york city the politicians say that the usual path to approving a deal like this or something of this nature was bypassed and they're going to court to stop it and they say it will never happen but that aside look the new york post the conservative new york post said that cuomo and mayor de blasio of new york city they got taken they got what word did they use specifically they got fleeced by base and amazon when you look at it almost three billion dollars in tax breaks and you know it can't look at it really any other way what bothers me you know like you said bart they were going to go somewhere and good for admitting that they could get

a deal like this but what bothers me is now you have the small business men and women who built up their business without subsidies without help they're now subsidizing atmos on who's going to run them out of business there's something not right about that and john i mean it seems to me that sort of between the two chasm between the councilwoman who you know wants to protect the the localities her constituents and workers and i'm wholeheartedly there and what steve's talking about which is essentially increasing the tax base there really has to be something in the middle where these localities need to demand performance before they give all these hypes all these different incentives don't you think. well yes at the same time i mean you know we like a country that's about winning right that's what we learned and we see de blasio thinks he won the looks like he was able to kind of work through some of the difficulties with governor cuomo he thinks he's won then and at the end of the day you know if it's about jobs and amazon for the most part seems to attract people

who work in the warehouses along with highly skilled people who work because of the knowledge that they have it was boston that was number one it was north virginia and new york city that was number two and three they split the difference to put fifty thousand people to work in two different locations i'm sure i'd rather work for amazon than go into the coal mine to get black lung disease so maybe this isn't such a bad deal and i will say to you that it makes sense for us to look at our education to look at where we need to be appealing where we need to look interesting to employers and move there and not just sit on your butt waiting for all of the goodies to come our way because we're so intitled we must pull ourselves up our bootstraps and look interesting to the employers of the future and certainly amazon would be one of them right councilwoman i wonder. i know it's hard to separate sort of the worker rights and what happened but just for a moment tell us about your experience in amazon creating sort of an ecosystem more

than the twenty five thousand jobs what happens in a local economy when they land there what what should places like crystal city in queens expect. well let's let's be clear for sure we are not against jobs and as a matter of fact the affordable housing movement in seattle includes the tech workers who work at amazon who are demanding that the city be affordable to people for all incomes but the reality is that amazon and jeff bezos are not powerful and don't make billions of dollars before because they create jobs they make billions of dollars in profit and bezos is the richest man in the world not because it creates jobs but because that's the way capitalism works and it is it is a winning system only for a very very small number of billionaires who take away the lion's share of the wealth unproductivity that is created when millions tens of millions of workers go to work and so what we have seen in seattle is the housing becoming unaffordable

for most working people and then when we fought for the amazon tax which is a tax on big businesses like amazon to fund social housing that is publicly owned permanently affordable housing we saw bezos come out openly as a corporate bully and tried in of the and dire city and we saw the democratic party establishment of the city that controlled the city completely capitulate to amazon's bullying and so the only alternative we are left with is exactly what the working people in queens are doing which is fighting against big business by building an independent movement on the ground and in the workplaces and we need to unite workers in the warehouses that workers and all working people together and i should give a shout out to all the working people and their voters in san francisco in mountain view and east palo alto all three cities in california that passed a big business tax in this midterm past midterm election to tax big business to fund housing and infrastructure that's the kind of independent organized grassroots

fight we need to build a movement we need to build to make housing affordable to fight against the inequality that we are handed down as inevitable under capitalism and i. why we need to look beyond this is demos well i mean the only way jobs are offered in this system in the system of capitalism is to make massive profits for a very few people of the top and the rest of us who don't fight over crimes as a socialist i don't accept that we can create a better system and for now i think as far as jobs are concerned then we should be demanding that the politicians in our different cities got it you know put forward a green jobs program publically funded green jobs program counselor have to leave it there steve just real quick thirty seconds give me your take i know you are some to say yeah well you know with all due respect corporations create jobs more than crumbs for everybody else i think they hire a lot of people these amazon jobs are going to pay one hundred fifty thousand dollars average that is far from crumbs and i think that cuomo said that we had to

give these incentives in these breaks because they would have gone to a state with no state income tax well whose fault is that and they give great advice on how they were forced to use unionized builders and construction workers that drives the costs up that's like new york had to give so much more in subsidies than virginia because it cost so much more to build in new york because of the unions we're going to leave it there but what a great topic we thank you all for joining us and we hope you'll come back to continue the conversation steve malzberg john greyson councilwoman we thank you so much for being with us. we now move to the business of the u.s. environmental protection agency which should be in the business of doing exactly what their title implies protecting the environment but the agency is face cando after scandal and specifically with some pronounced personnel problems as hard to report that continues ethics scandals cost former e.p.a. administrator scott pruitt his job now another trump appointed to the environmental

protection agency's south east regency as been region has been indicted for violating state ethics charges in the state of alabama president trump. appointed trey glenn as regional administrator of the e.p.a. in august of last year despite a history of ethical issues ironically mr glenn's indictment may actually help alabama clean up some environmental messes molly barrows contributor with america's lawyer is here to explain molly welcome back what happened with mr glenn. trade glenn has been a center of ethics controversy for the state of alabama for some time but in essence he was a lobbyist working for a law firm opposing e.p.a. cleanup efforts in some predominately black neighborhoods north of birmingham where the soil was affected with substances like arsenic and lead and so the communities around there have been trying to get the soil cleaned up and one of the companies that was at the center of that was drummond company and they were looking at paying

twenty three million dollars just to start with the clean up this area so in order to get this cleanup underway they needed these particular neighborhoods listed on the e.p.a.'s national priorities list before glen became a trump appointee and headed up the southeast region of the e.p.a. he's been working as this lobbyist trying to oppose these efforts to make drum and company clean up this land well it didn't necessarily work out in his favor a state representative ended up going to trial was convicted on bribery charges related to another executive of this drum and company and during this trial last summer it became known that glen and his business partner scott phillips who were working as lobbyists for this company through a law firm in birmingham were part of this deal basically where they were potentially accepting bribes or misusing their position in order to further this cause especially once he became appointed as the southeast regional director now they're not saying that he misused his position in that role but before he was

a lobbyist back in two thousand and seven he had been the director of the alabama department of environmental management and that's where he bit the focus of several ethics investigations there where is it quickly we've only got a little bit of time where is the silver lining in this thing. well going back to that neighborhood they just wanted to be on the e.p.a.'s national priorities less so they could get some funding for clean up well as a result of this particular man trey glenn being you know indicted on these charges which he denies misusing his position in order to support this cleanup effort right leaders in the state including senator doug jones are basically saying hey we're going to move around him we want to move forward with this we want to get this community listed on this ok u.p.a. national priorities less that we can qualify for funding and we can also force these companies that are responsive got i tremont company to pay for cleanup a mile you got to leave it there either time or live it thank you so much for a pretty shade and that's it for this time so long for now we'll see you again next time.

they teach you the cica total more than the beach because those troops should be set it's a chance to start all these students. you know you've done. the utility bills you know it's ok to get it at least they use the use of it have nice clothes but to become competent in the skills to do so. but you need to. get the skill to the screen these are still going to be come full time to.

the mummy is a trick of the british system blessed time imo sure you can. hillary clinton is a warmonger and the democrats are easily conned into spending trillions of dollars and the defense industry and why they control the house defense stocks went up they mean is there any clear indication that the democrats are the party of war. nobody could see coming that false confessions would be that profile in this population reform for conviction if you look at any interrogation out there what

you'll see is threat promise threat promise threat lie a lie a lie the process of interrogation is designed to put people in just that frame of mind make the most comfortable make them want to get out and don't take no for an answer don't accept their denials she said therefore would cooperate send a statement that i would be home by that time the next day there's a culture on accountability and police officers know that they can engage in misconduct that has nothing to do with solving a crime. so

a trump takedown lashes out at the french president. called for europe to reduce its dependence on washington also this hour. to be overseas but i do appreciate your survey from behind with the long term with the mass is this surrender to terrorists israeli defense minister resigns just a day off to armed groups in gaza and now it's a cease fire following and sadly escalation of the conflicts. counsel patience and the wrong struggle to get life saving medication as you.