pumice that the offer was only repackaged previous suggestions and did not address the agenda outlined by the vice president will stay tuned for the next episode of the depressing diplomatic drama. the u.s. food and drug administration or f.d.a. has tabled two major proposal to regulate products that deliver nicotine to users the f.d.a. today unveiled a long expected proposal to regulate nicotine vaporing devices once touted as a means of reducing harm to smokers so-called vapors are now blamed for introducing young people who would not have tried cigarettes to nicotine resulting in more not fewer young cigarette smokers the f.d.a. commissioner cited eighty percent increase in vaporing among you to justify the post limits on vaporing flavors the f.d.a. says three point six million three point six million people under the age of eighteen in the u.s. now use that they ping devices the f.d.a. also proposed banning an older threat to public health menthol cigarettes and

flavored cigars a two thousand and eleven f.d.a. study found menthol cigarettes carry a higher risk of addiction and lung cancer than regular tobacco. and speaking of smoke the future of california's utility giant the pacific gas and electric or p.g. and e. company looks hazy in the wake of the camp fire not the campfire but the fire called the cap fire that was that big blaze in california on wednesday p.g. and e. warned investors of quote significant liability in excess of insurance coverage if the fire is determined to have been sparked by p.g. and e. equipment causing their stock to lose more than half its value the admission came one day after p.g. and e. was sued by former home of homeowners who lost everything in the camp fire alleging that black p.g. and e. power lines caused the devastating blaze p.g. and e. had previously admitted to line problems in. area but today p.g. and e.

stock bounced back a little bit at least after the head of the california public utilities commission ruled out allowing the troubled company to go bankrupt. and now we shift gears to consider the policy prospects to assist business and our economy in the u.s. in twenty nineteen to help us out we're pleased to be joined by jeannie zeno senior advisor at applied to economics and conservative t.v. and radio commentator steve walz per welcome to you both in a perfect policy circumstance where you were the queen and could decide what the next u.s. congress would do related to business and our economy what sort of things would queen jeannie be working upon. oh i like being queen thank you so much for i mean. i love it you know i think the big thing that i would be working on the economy is

very very strong right now and i think the thing that troubles me the most is this sort of divide between the booming economy that we see on wall street and sort of the absence of the impact of that on main street and this detachment many americans feel particularly in the working and middle class from the boom that is the economy right now and so you look at some of the polls two thirds of americans say that the economy is really strong but us but only a third say that they are getting the positive impact of that so in a perfect world i think i i would want to address some of those and these are some of the things that the president talked about on the campaign trail and democrats have actually said they support although i am not sure they're going to go for it but things like a middle class tax cut and an infrastructure package to start out with i think would be two big things that should be on the agenda as we go forward into the new congress you know i like you as queen that that's i thank you very much it's agenda

now steve i'm not going to you know w. king steve at least for the time being but let's talk about what reality might be you know now that the congress is split the democrats obviously will control the u.s. house of representatives beginning in january and that will last of course we all know her for two years and the u.s. senate continues to be controlled by republicans so with the reality of a split congress steve which are the potential policies that maybe change and actually have a chance of being approved that would help business and our economy well i agree with everything that was already discussed with the queen i think that certainly infrastructure would be would be good and i also think that more of a middle class tax cut would be good but what the president said i could work with the democrats in the congress but i'm not going to work with them if they're going to. gate me and we can get to that later all they're going to do is investigate him so that but that aside there's different ways forward that the vision in the senate

and the house would be much different on infrastructure the president proposed two hundred billion federal aid and and the rest of the one point five trillion state local and private business the democrats don't buy into that and when it comes to tax cuts you know the president said sure i would raise the corporate tax rate in exchange for a middle class tax cut he might have said that i don't think that's going to sit too well with larry kudlow and the other advisers in the white house and many republicans so i just don't see it happening especially as we lead up basically everybody is going to start running now for two thousand and twenty i think you're unfortunately unfortunately right but genie you know let's think about because i agree with you what he said in the campaign and what actually took place in the tax bill wasn't necessarily you know exactly the same and so we still talking about yes there's going to be another thing even a couple of weeks before the election and we could get it done real fast i mean just not reality but i'm curious when you both have talked about infrastructure and

jeannie that is not really a partisan issue i mean i worked on the hill i know this stuff it's more about whether or not you have lots of roads and not a lot of attack space so something like a gas tax i mean even if you just had a couple of pennies on the gas tax heck the price of oil we talk about all the time moves up and down is that one area you think might have some hope for progress genie. you know i really wish that i could say yes but i think steve is absolutely right we have a real problem on our hands which is not just a divided congress but also the fact that everybody is thinking about twenty twenty and so you know i think the real challenge here is how do you bring these two sides together and you're absolutely right if there's any issue that they should be able to agree on it's infrastructure we're both you know we're all three in the excel accord or with the infrastructure is falling apart around us that impacts you regardless of whether you're conservative or liberal democrat or republican we do

really really badly to compete in the world economy need to keep up with countries like china whose investments in infrastructure are absolutely astounding and impressive and yet our congress cannot get together to do that and i fear that next year is not going to be much better on that front and i think the real challenge here is that some of the stimulus we saw as a result of the tax cut that happened last year is going to keep up but slow down a little bit in twenty nineteen and then slow down further in two thousand and twenty unless congress acts in a concerted manner and unfortunately i don't think there's the political will to do that and so i fear that's going to be a big challenge for all of us going forward into two thousand and twenty. i hope you're not right but you may be hey steve let me ask you you mentioned investigation and the democrats talk about doing eighty five different investigations i know you don't have a giving democrats advice but what's your take on it. well first of all what by the way we might have a government shutdown over whether or not they put

a bill out to protect mahler and over the wall and dhaka so that we might not even have a government to to negotiate but you know the democrats have said they're going to go she gave everything that the incoming head of the intelligence committee in the house said every committee is going to investigate trump they're going to want to tax returns they're going to want to see his business dealings jared cushion his business dealings they're going to want to know about the firing of sessions in the firing of komi the hurricane in puerto rico the port there the hurricane really they're going to investigate everything you could think of and i think that's a i mean good for republicans but i think that's a big mistake for democrats we're out of time here read to leave it there i couldn't agree with you more steve i think boy democrats have a way of shooting themselves in the foot if you give them a gun thank you so much genies a and i am going to make you king for the weekend steve malzberg thank you is appreciated. and it's time for our global weekly market roundup and we start as we usually do in russia

at the moscow stock exchange which was down and in shanghai also up this week it was up last week also let me tell you it's a little bit there was news today out of washington commerce secretary wilbur ross really downplayed expectations on that meeting we've told you about in boyd as far as argentina coming up at the end of the month between chinese president xi and donald trump sort of setting the bar low we call that in the government political world a deliverable that they don't want to have to have a deliverable ready we'll have to see how that goes but markets didn't hear that news because that came out this morning in the market in shanghai and. we're closed same with the nikkei over here that which was down and the hang seng by the way was up today and down in australia a.s.x. one hundred with their down and they were up last week moving over to mom by the

bombay stock exchange index a sense actually off and all share is down in south africa in cape town was down and moving to the e.u. boy is this been a week for the e.u. sort of messed up or all of them are down the cac the dax and the footsie one hundred the auto sector has had a tough time in the e.u. but really the story is all about as we've been talking about all week actually brecht's that and there's new news out today a new brecht that secretary member apart member of parliament stephen barclay was named as the new brecht that secretary replacing dominic robb we told you about that he left over the withdrawal brecht that deal yesterday so these markets are all taking a real pummelled down and i think what traders are probably doing is just trying to either be flat right not to be exposed either way or just to get out of their positions because who the heck knows. what might happen on monday what might the news be i will tell you we will tell you on monday and going to south america to

the coal cap in colombia the index down and then the eyeball vest but in brazil the largest economy there and you know we've talked about the president elect hardball so narrow there and he has actually picked a conservative sandton there bank in brazil named a banker as the central bank chief his name is roberto campos nato and the markets seem to be you know ok with with that news just out today and moving to toronto to toronto stock exchange they're down on the week and new york stock exchange down as is nasdaq both n.y.s.e. and nasdaq down and that's your global weekly market round up. time now for a quick break but hang here because when we return our chief charlotta been joins us from paris to look at tariffs and why it's a story with legs wine legs i'll tell you more and what technology will be under

the christmas tree this year resident tech wealth and host of the big picture here on r.g.p. america holland cook will tell us as we go to break here as a daily u.s. numbers as an oil and gas in the truck at the closing bell we will be back in a flash. the reserve bank unable to cut oxy yes this is at the center of america's descends into financial armageddon yes can you blame the fat. such things as the infrastructure collapse across america the logical collapse. california of

wildfires and hurricanes across the nation and a busted pipes in detroit leading our state boys they love yes yes you can because they give money to the bad people. to imagine decades after the war a nazi don't it was still active. in the nineteen seventies cretonne had as the cheer of its a man convicted of mass murder and slavery. a german company developed for the demise of a drug that was promoted as completely safe even during pregnancy. terrible side effects what has happened to my baby anything. she said he's just. minix of it among victims who have to this day received no compensation they never apologized for the suffering that not only want the money i want the revenge.

welcome back facebook c.e.o. mark zuckerberg and chief operating officer sheryl sandberg are taking fire from advertisers after an article portrayed them as disengagement unaware of key responses to recent scandals among other revelations the new york times reports facebook enlisted the anti-defamation league to tag critics as anti-semitic while paying republican campaign veteran tim miller of the firm definers public affairs to link facebook's critics to billionaire george soros a favorite to. argot of and i semites on social media mr zucker berg now says he

and mr ms sandberg only learned of the link of the definers in the times his attempt to defense seem to actually confirm his disengagement from matters that now threaten facebook's future. mexican president elect under a man well lopez obrador on law has offered an olive branch to his critics and business class by appointing eight businessmen and yes they are all men business men to a business advisory council in an online video on low said we need the support of the business sector so that there is investment in so we can create jobs but while no reached out the mexican central bank seemed to fire a warning shot raising interest rates by a quarter point to eight percent citing concerns about the incoming president's policy proposals that said experts had expected interest rate increase due to the volatility of the peso.

and we now head to paris and archie charlotte dubinsky to not only talks tariffs and wind but her story has legs as i said earlier related to a blind taste test she's to conducted here charlotte. there's one thing the french are known to be sniffy about it they're one for them live all full say is part of the essence of the nation and as one of the world's largest produces with up to eight billion bottles being produced every year it's also pretty good for the french economy last year export sales reached almost thirteen billion dollars so when donald trump fired a warning shot at the industry over unfair trade practices the french took umbrage . york city. yesterday thirteen we were commemorating the assassination of one hundred thirty of our community thirty three years ago in paris to me and so i will reply in english common

descent would have been appropriate to the middle. trump is unhappy with the disparity between tariffs placed the wine exported from france to the us committed to the wine from the us being exported to france the us charges up to fourteen cents per bottle but tariffs in the european union can mean more than doubles outs at twenty nine cents a bottle some are now wondering whether trump's tweets a preamble to a trade war just like the one with china trump also suggested that if those tariffs on u.s. one were lower more people here would be picking up a bottle of say california and read something from now i have a serious tense about bats but in the spirit of fairness we thought we'd let parisians be the only real chance.

to vote for say leave all live on no. to the reduced resentful scene where frisco city. don't you know. really the whole thing coming. down i would say our group. would be. that close but the other big thing a bit upset you most and if it looks like we. just don't get very much there will. be. a little bit of both. in the wake of. the bank which. can do all good the parisians overwhelmingly put.

us in a blind taste test well i'm sure. but perhaps trump is owned to something and it could also be that the president is hoping that by taking a tougher stance on wine tariffs it will be just businesses closer to home including for his son who owns a winery solti me see a place they don't. ski the boom bust in paris. we now head to the holidays and talk tech gifting to do so we are joined by my esteemed colleague and host of the big picture right here in our two year merican our in-house tech down holland cook holland welcome always good to be here commish ok so let's talk about what are they working on at the north pole and how do you know we know because each year at this time the consumer technology association does a massive research project on what we want to see under the tree and it's

a really big deal and it's very predictive every year they seem to nail it oh wow well good we'll see if they do so when we talk about tech stocks and tech in general they had a couple of years really gangbusters and they lost most of the gains this year in the past five six weeks which was crazy but what are they going to be bailed out at this with the gift giving this time of year the numbers are impressive because even during the gaps of the great recession this was a solid category and it is forecast to be up three point four percent the holiday tech spend estimated to beat ninety six point one billion dollars last year you're right it was actually down three percent and techie nerd aficionados and amigos tell me it's obvious things the four k. t.v.'s have come down in price dramatically this year so a lot of people were waiting it's very predictable this stuff starts out pricey and then the prices go through the floor i've just bought

a couple of t.v.'s at one of the big boxes and hundreds less than it would have been even a year ago and we were awaiting. a new i phone so those may be some of the reasons why twenty seventeen was anomaly i hope your family didn't just get the signal for what their gift is under the tree because that's actually my next question don't keep us waiting what are going to be the tech ticket items under the tree this year according to the consumer technology association research that these are the top five and there is actually a tie for number five because this data is that granular we want believe it or not a desktop computer i guess we're replacing all the old big boxes we used to have and somewhat surprising tied for number five is any type of camera this was also the number five gift last year and why that is surprising is because we're all walking around with a camera in our pocket in that thing we used to call

a phone and every time the new phone comes out there are bigger megapixel cameras in there and it takes great pictures and if you ask any photographer what's the best camera you know what they'll say my phone the one you have with you you know still we are buying digital cameras so that's the tie for number five number four on the countdown i kind of feel like casey when there. is a smart watch saying it send it out to omaha it up one slot from number five last year the number for gifts smart watch and as you've reported apple's first iteration of the i watch was off to a slow start to the extent that they didn't break out separate revenue numbers for it they buried it in the big number and more recently we have reported here when they rolled out the new one with more bells and whistles so that is forecast to do better this year we have a tie for the number three the president we'd like to see under the tree last year's number two smartphones and tablet computers have been scolded by

friends in the tech industry not to short handed as i pad you know which has become like kleenex or scotch you know who generic term but there are some great android tablets too. number two notebook or laptop computers was number one last year i don't even have a desktop because they're getting smaller smarter cheaper and lighter and you know how much i travel on the lonesome road every ounce is a pound and they get beat up a bit so the with the natural wear and tear i'm going to replace one every year and you know some of this on the list hall and some of these might be merged you know we did a story not too long ago about how they are making tablets it really phones that can unfold your into a tablet so your phone may be a tablet in the future maybe the same same category next time this year and some of these laptops you can detach the screen or switch it around and fold it over and

use a tablet like so you're right there blurring together and now if you have a fanfare if you have a temporary role the number one item i. was tied for number one last year and owns it this year it is t.v. sets for the aforementioned reason the prices have plummeted the pictures are great and we no longer just use them to watch what broadcasters local stations and networks are serving up in real time we are now binge watching amazon hulu etc so t.v.'s are going to be big physically as the prices get small now you turned me and all the boom busters onto a term not long ago show rooming and i want you to explain it briefly again but then you said just before we went to air here about another one omni shopping i still don't know what. what are these things and are people going to be using these venues or whatever they are showing all of

a season with the brain of the brick and mortars existence because you still want to get out and about and feel the hustle and holiday bustle and i do it on black friday i want to go to the mall and feel it and to touch and feel the things i'm thinking of putting. in stockings and under trees and then you go online and buy it somewhere cheaper and i will confess i've done this i've stood in the aisle at the store and i found out a couple of bucks cheaper somewhere else so this show rooming is something that retailers are coping with and one of the ways they're coping with it is this delivery meaning they're throwing spaghetti against the wall you can order online pick up at the store something jeff bezos is now putting in whole foods and you can order online and have it delivered and amazon is sending out treasure trucks full of popular gifts and this christmas season in macy's there are going to be facebook pop up stores don't so they're trying everything and every way to get you

into the store virtual or brick and mortar and to get merchant out to you the way you want it should be a big shopping season we'll be following it here we thank you so much on cookoff to the big picture here on our t.v. america and our tech talent thank you sir one week till black friday gobble gobble we'll have you back to talk about it thank you. and that's it for this time you can always catch boom bust on direct t.v. channel three twenty one dish network channel two weighty or streaming all the time twenty wards twenty four seven on pluto t.v. that's the free t.v. you can get it channel one thirty two or as always you can hit us up at youtube dot com slash boom bust r t c n x time have a great weekend so long for now. blushes

and then she chewed the cheek a total more than the beach he cut a hole close to each seam you'll be set it's not that it's indeed some shots that only shooting against. them into. the utility bills you know he said he included. a user that i was quote one of them commenting that in the scheme to show. review shirley's. given the respect to the south korean users tell them the t m forty summed up all.

the money which of the british mr west imo sure because. i don't think the democrats are much blood in the go shape with the republicans or president trump so i think people are going to have to acknowledge that the united states over the next couple years is going to be consumed even more so by or internal our total bickering in affairs. of the truth of this twosome a fall from. my will for some period this is their. roles going to say the board

of business with the most into it because. this is needed with. a lot of slow slow slow slow slow motion. ok see that because knowing that you know but you also look at them out on the funniest diplo it's almost home from the show such as the fluid souls with. whom you were doing your best. to.

subscribe to read people also get him for just twelve euros fifty per month. south of the top stories here on the pentagon fails its first ever audit but hundreds of millions of dollars now needed to fix the problem is revealed. versus the city of chemist's months after the fatal stopping of a local by migrants prompted mass riots people on all venting their anger demanding the chancellor's resignation she should have come here a long time ago she was has of cincinnati showed up with massive police protection this is a show of cowardice from march on.