this is boom bust broadcasting around the world and covering the world of business and finance and the impact on all of us i'm part chilton in washington thank you for being on board we're sure glad to have you coming up we've got the latest on that french fuel fight we told you about yesterday from our teams charlotte dubinsky in paris plus we look at some big business news and these stocks and companies impacted from autos to technology from retail to airlines will do so in light of the major news about general motors plants there shutdowns that they've talked about with the able assist of artie's alex miles veterans toronto and will have an expert commentary from danielle sherry of simpler trading and the c.e.o. of straw mark hillary ford which they're standing by all of that in our sights but first we had a right to some headlines let's go. internet intrigue in asian oceana leads our global report today chinese tech giant huawei is set to complete construction of

a broadband cable network for the island nation of papa new guinea according to william duma the minister of public enterprise and state investment the project will connect the island nation to neighbors and the online world the undersea cables a specialized task for while ways marine unit the decision to proceed was a rebuff to the governments of neighboring australia japan and the united states which have all objected the u.s. has made efforts to a good china companies like while way from such vital project expression a state of the art five g. internet infrastructure citing national security concerns mr duma was notably defiant telling reuters that decision was quote and honor and integrity once you enter into a deal and an arrangement you go with it he went on to dismiss the outside internal effort to dissuade his government from proceeding saying it's a bit patronising. and last time we told you about the french fuel fight and speculate. the business community may sue well you know well they have plus the

impact of protesters has actually hit retailers in paris during a time when many store owners had hoped to reply. from holiday shoppers for more we go to paris where our two charlotte dubinsky has been following the story lose you lose your own all the yellow vests moving to france started just so you know we could go because the taxes you'll see here protestors are unhappy that the price of some fields of risen by more than twenty percent in the last year however the spontaneous movement has come to symbolize more than this with many also unhappy with the cost of living in france over the last two weekends hundreds of thousands of people have taken to the streets across the country to voice their concerns. chewing cans of destructions some businesses are now adding their voices to the mountain crowds and they have reason to the minister of the economy says the loss

of turnover of the shops was thirty five percent on november seventeenth and eighteen percent on the twenty fourth the day after black friday and that's a big deal considering most shops in the lead up to christmas i looking to cash in on customers willing to part with their money in two thousand and seventeen it was estimated four point six billion euros would be spent in shops on the weekend between black friday and cyber monday so with violent protests closing stores here on the one of the world's most famous shopping streets the impact was felt angry protests descended into more violence here on saturday with demonstrators lighting fires tearing down street signs and using furniture from the stores to build barricades in the streets. another worry could be potential two are

being turned off a trip to paris to seeing violence the french government has put forward a package with five hundred million euros to support poorer households to meet that energy costs but many say it's not enough and the divide between those who live in rural areas and depend on vehicles to get around compared to those who live in larger cities is just far too great. and with the protests set to continue the current french government faces one of. stiffest challenge yet. in paris. general motors is closing five auto plants across the u.s. and canada which will cost thousands of jobs in the two countries merry christmas while g.m. says it's making the changes to modernize many believe there are other factors put r.t.s. alex mahela ventures in toronto with the latest alex tell us about what's happening

at general motors. well you know what general motors is actually a very healthy automobile maker at this point in time they're pulled in over six billion dollars so far this year they sold three million cars each of the past three years in the u.s. alone and somehow they believe that firing fourteen thousand people right now is the right move to make so here's a map given you where these firings are happening we're looking at two plants and in michigan a plant in maryland one in ohio and one here in ontario canada now g.m. is just saying that it's as the modernize that you know they have to change to low emissions vehicles electric vehicles to modernize their plants you know robotics are coming into place things like that but when you really think about it there's more out play here and that really comes down to president donald trump and some of the moves that he's made in the past couple of years it looks like now things are catching up so when you talk about tariffs and trade wars well trade wars first of

all the whole system that we had the supply chain system in north america has been disrupted people just don't have confidence in it just because of all the rhetoric back and forth from president trump when it comes to putting up tariffs and we know that there are tariffs in place when it comes to steel and aluminum which obviously makes cars more of as expensive especially if the stool in aluminum is supposed to come from canada into the states or from mexico into the states and get this even the tax instead of those huge tax incentives that he gave companies like g.m. are coming into play here because g.m. is taking that money they're profitable and they're investing it in other places they're putting it into china operations they're putting it down into mexican operations and the american worker seems to be forgotten and don't forget you got to step back a little bit here go back ten years with that major government bailout billions of dollars given since the automakers and what kind of thanks to the country get are going to the workers of america purty much none and that's what's going on with

g.m. . well i know alex with twenty five hundred of those workers being fired by g.m. and canada. the united auto workers certainly wasn't pleased with that and that plant by the way i think i read that it was opened in one thousand nine hundred fifty three and for you those canada files let's get the lee's birthday and for the auto guys that was the first year of the chevy corvette one nine hundred fifty three some weird knowledge i have but many are calling this news pretty devastating and our need to keep in playing the blame game what can you tell us about that alex well that you know we're talking about twenty five hundred jobs as you mentioned in this is the asha what plant nine hundred fifty three is a city outside of toronto which basically depends on auto market manufacturing this is devastating for the city so obviously the premier doug ford who is from probably remember rob ford the mayor of toronto this is his brother he's the premier of ontario did everything that he possibly could to turn things around offering cheaper electricity offering tax incentives he said this is

a no go these guys plant a year ago to come out when it comes to justin trudeau many people attack him but these are the conservatives attacking people like the opposition leader andrew shear who's saying really ridiculous things like oh this is because of carbon taxes g.m. wanted out they had a plan has nothing to do with the canadian government has nothing to do with anything on the ground to canada the decision made someplace else and it's unstoppable and that's the direction that it's headed alan thank you for that stay with us because we want to broaden the expected and bring in others danielle shay of simpler trading and the c.e.o. of straw mark hillary ladies welcome danielle let's start with you is g.m. up by at this point. absolutely not you know you have seen a terrible down trend in this stock and i think that traders and investors alike could potentially look at this last quarter earnings report and look at the pop that we got and say hey you know this looks like a cheap buy but honestly that isn't that what you want to do in this market you don't want to buy something that is near the dead lows and i think that this bounce

that we're getting is going to fade very quickly hilary what do you make a g.m. yes well you know they say that capitalism doesn't do can compassion much good so i don't think at this time of year it was any of those employees needed what i would say is you mention just a moment ago but you mentioned some of those classic cars one thing that you know g.m. really hasn't done and of course g.m. stands for government motors has done you know mentioned where they were taken over by the government or at least the government huge bailout you think about the engine is so i mean the engine in general motors of the same chevy the same ford they have not done what they should have done in terms of the dynamic system of cars nobody wants to drive a car that looks like and so that's why s.u.v.s and trucks are being far more creative in the design work and you think about like the ford mustang with the ford mass the mustang of this era there isn't one look at the jeep there's nothing new in terms of jeeps same thing with chevy impala there's nothing new and so bob i

think some of these companies should take ownership of the fact that that calls all very interesting and that's want to happening also there's a huge demographic movement of course don't forget the millennial have moved into open areas and those open areas they don't need cars because they are using hoover and list that for a classic rite of passage of american youth isn't happening anymore than not buying cars so they're not buying them because they're not engineered to be very exciting and they're not buying them because they live in open areas my prediction though is you wait another decade when they're all having babies and want puppies they'll be moving out of those open areas and then sort of the. the s.u.v. will be a demond maybe cost sales will go up but not the classic so that wow what an interesting perspective thank you hilary hey alex can you look at the big three ford g.m. and chrysler are all dealing same with the same issues do we think we're going to see something from ford or chrysler like this that we're seeing with g.m. . or stopping making cars because of gas prices are

low and they're looking at classic like the mustang to redo something they're looking at jeep with these brands that everybody knows but they haven't done anything interesting with them there are they i mean they're cutting manufacturing of cars going to these bigger vehicles and again lisa takes us back to president donald trump the gas prices are low why because you know he's got a very tight friendship with somebody in saudi arabia those prices have been knocked down and now we're looking at these massive vehicles coming into play he's not friends of the p.a. he's not friends of electric vehicles so this is what we're seeing in the states there's no innovation here so why what makes these cars interesting especially since cars are basically gone it's s.u.v.s it's crossovers it's trucks and it's not only that the people are buying and this is what's being marketed to us this is what's being pushed on the population and that's why people are buying so can these companies compete in the in the longer scheme of things who knows because there's

a lot of interesting manufacturers coming from different places such as china as well as in the states itself you know these companies are dinosaurs really and if they don't start changing things up well you know what happens dinosaurs we've you know happened before. it danielle there's some new news about tesla i read this morning that they lost seventy percent of their car sales last month in china is tesla by now. you know i actually do think tesla is a buy and i did see that news story but you know i am a technical trader primarily and also ok so there's two things here number one. and i have a really nice technical bias set up on there is a lot of consolidation on both the monthly and the weekly charts that i think is going to really take off in a big way i'm looking for tesla to trade up to about four fifty after we get a break out of this consolidation so number one looking at that from a technical standpoint that's what i can tell you number two looking at tesla as

a whole and as a company i mean tesla really is the wave of the future my husband and i we just bought a new car he really wanted a tesla and it's going to be all about electric cars so i think that you know on a short term basis it's a little bit difficult to trade tesla just due to the fact that it is so news driven especially whenever iran wants to tweet about something but on a longer term basis i absolutely think that tesla is a buy and i like it to go higher thank you all alex we thank you so much for your insights always great to have you're going to ask danielle and hilary to stay stay with us because after the break we're going to look at the tech sector now we're look at retail and maybe a lot of time to look at boeing and that is a company also and there is stock but hang here right now because when we come back we'll have all that and here are the numbers at the closing bell all green arrows but some by small margins will be right back.

to. give them a. i'm one of them but i think you might. get one but one is we're buddies. one of them one night you should have been there so.

put them down i don't want or i can't as many as i knew she you know that whole community yeah because she. he could feel that he had a chicken dad's going to be made to move out of all the one that he i want to come before i don't. join me every thursday on the all excitement show and i'll be speaking to us of the world of politics sports business i'm show business i'll see that. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer it be in the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict just found

innocent the idea that we were executing innocent people was terrifying who's just moved to the present and that we're even many of the times families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace that's going to give them justice and we come in and say. not quite enough we've been through this this isn't the way. welcome back seven european consumer groups have petitioned regulators to impose fines on google over use of consumer location data the european office of consumer union or b. use c. in its french acronym said you see network member groups in the czech republic greece the netherlands norway poland slovenia and sweden will file complaints with

national privacy of gordie's the group say google's location history and web an app activity features collect sensitive data and quote the company uses various tricks and practices to ensure users have these features enabled and does not give them straightforward information about what this effectively entails b. you see sites google's obligations under the overarching e.u. privacy law the g.d.p. are we spoken about on the program many times serious violations of the g.d.p. are couldn't tell fines of up to four percent of the offending company's annual revenues for google that could be billions of bucks. and we now welcome back to the sea off dr mark heller afford which in danielle shay of simpler trading ladies let's look at the tech sector first and let's start with alphabet which is the parent of google hilary let's start with you what are your thoughts for investors here what i think really to look at what's happening in china because obviously

google employees have just protested they don't want to work on a vost search engine for china mainly because of obviously the restrictions that the prediction actually from eric schmidt from the c.e.o. was that there's going to be eventually sort of two googles an alphabet of course is the parent company of google that is going to be almost two google's one for china and one for the rest of the world now whether those employees of actually will work on it i can't give you that but i do know that's a very legitimate concern and that is going to affect the stock i think between now and the end of the year for the fine stocks and of course that does not include microsoft because there's no end and i think for most of the tech stocks though it's going to be. bouncy with a lot of volatility to the end of the year many factors and one of them of course is including lost lots of things a sitting on the shelf at apple that hasn't been innovation there for a while with regard to microsoft i would say the chinese issue is a different one you can actually refer to it as fast you know as steve balmer has said the majority of operating systems in china over ninety percent are operating

on microsoft operating systems where they go any purchased about one percent of that ninety percent so it's fundamentally theft the not as affected stock as well very interesting danielle i mean two things that meant when hillary's talking it makes me just think what google's not going away you can't get away from it if you wanted to and she mentioned apple what's your take on google and apple is the same with apple right i mean we're not getting away from apple what do you think then you know. yes i mean i do agree on the fact that no we're not getting away from apple apple's still going to be there google's still going to be there but the fact of the matter is that our thing stocks have been market leaders and they have led the market higher most of the year at this point fang is down more than the rest of the s. and p's and all of them are down twenty five twenty percent or more which is very significant and they are leading the market lower whether we want to believe that or not so while i do think that apple's going to be around google's going to be

around they're in a down trend and at this point it would take something really significant to reverse that downtrend so i am actually looking to trade google lower into about the nine seventy nine eighty range and i think it's going to take the nasdaq with it all very interesting nine seventy nine eighty lonely facebook the one that did is legging behind. in the tech area but we're going to refill a little bit hilary what about kroger and costco some of the two big retailers in the food area what do you think about them you know the good news about kroger actually is particularly they've made a huge investment two years ago the c.e.o. talked about he was going to make a walski best man in terms of their employees and e-commerce which he has done and with regard to wal-mart i would say you know look at the chinese new year that's coming in february and that's actually the middle of february or february to get states to the one nine hundred seventy like that in one thousand but chinese new year bought is huge is actually larger than christmas across the world in terms of sales and movement is very well positioned as is kroger i think that the pickup

process the pickup option now in stalls has also been very beneficial so i think both of those stocks are doing well because they've been so innovative and they're in the top ten. you want to give us a quick take on costco but you've got wal-mart there about costco and kroger daniel . sure well you know i mean kroger does look like a good long term buy look going forward and looking at what the market is doing right now you really do. i want to focus on stocks like kroger stocks like wal-mart stocks like costco why because they're consumer staples so when the market hits a little bit of a down trend money is going to pour into those companies because i mean at the end of the day families are still going to go to costco pick up toilet paper stuff like that but they might not be looking at consumer discretionary products so i think that all three of them are are pretty strong and i want to continue to look at those to the long side for both buy and hold and for short term trading decisions i

want to ask both you ladies just hang right there because there's more to come but we're now joined by jamie fish the former director of the office of government public and family affairs at the national transportation safety board and comes to us a via skype from manila philippines jamie thanks for being with us give us an update on those boeing max eight jets the one that we saw fatally killed one hundred eighty nine people in that line air flight in indonesia what's the latest jamie. well the latest is that the train the internation transportation safety committee is about to release its pulling every report on the on the crash of this the lion air seven thirty seven max the crash in october plymouth very findings seem to support the idea and concept has been out there for a while that a system that was in installed in this new seven thirty seven max series actually contributed to the to the crash information from the flight data recorders the

favor of organ also known as the black boxes the flight data recorder box shows that pilots were struggling to keep to the plane in the air in flying almost from very from take off they have still not found the flight voice recorders the cockpit voice recorders which is the second black box but they are still looking for the. pilots' unions are expressing a lot of concern over this for various airlines because they have not been informed or they don't feel like they have been informed properly by the by boeing regarding this new system. and there's a lot of customization about that. they be there's still a lot of information is coming from this investigation this will be we we are nowhere near a conclusive finding on this ng cause of this crash there's a lot of conflict ing information coming out of what was happening with this

aircraft probably in prior flights the investigation will showed. do a thorough investigation and look at all of those. data and information and compare it will be in the final report so we're nowhere near that yet however the lawsuits from the families and wrongful death lawsuit for being are starting to pile up that is not unusual in situations like this but they again it's just another. slap in the face for boeing unfortunately boeing's stock has taken a big tumble over the last month as we've gone through this this plane crash in october twenty ninth but we saw in that it's been. almost continuous slide downward over the last month november right jamie thank you for joining us i'm not sure what time it is over there but it's not the middle of the day thank you so much jamie thank you former director of family services at n.t.s.b. thanks jamie danielle so what do you make

a boeing now as jamie says it's gone down is now a time to buy i mean but unlike apple and google boeing is not going away. no and i mean the thing that's interesting about boeing is that yes first of all the news is terrible bad plane crash it's scary and i mean i fly all the time and it is scary but the fact is is that it has taken such a hit at this point is seeing a little bit of an oversold bounce i don't know how far it can recover the problem is that the trend has completely shifted here so i want to be cautious i don't want to jump into boeing because it goes back to the entire industrial sector and we're just not seeing any strength in the entire sectors so i really want to stay away from buying week sectors and focus more on buying strong sectors. hilary i want your take on boeing but i want to also ask you to give your response in light of these trade tensions and the steel and aluminum tariffs we know planes are made of

aluminum so every what do you make of bowling and what you make of these tariffs as they impact things like not just aircraft makers but auto makers or of course the impacting with tesla going back to tesla they're impacting tesla and that was accounted for the vaal swings in terms of the pricing of tesla's in china not accounted for the story you mentioned earlier about the of course the report of the sales and lack of sales two hundred eleven although roy does to get that somewhat wrong but i would say the aerospace ecosystem is something that is generally very healthy at least in the u.s. ninety percent of the jobs at boeing are in the u.s. and boeing has an eighty billion dollars surplus trade surplus because eighty billion exported so i think that's really important for the u.s. economy really important for all the manufacturing they reckon that for every boeing plant just like common you factor is there's a seven to one ratio in terms of jobs seven dollars seven dollars to one investment in the local computer community so it's very important we keep these jobs very

important there robust to that end i think that the towers have been a lot of i think that trump in a lot of these instances obviously anybody who's read his. book the art of the deal he comes out very strong he comes out very warlike both stress and then at the end he backs down and or he gets a better deal than we had originally so the hope of course across the aerospace ecosystem is that his short talks with china are going to end up that we will have a better situation and that these trials won't shake the stock nor put those jobs in america in jeopardy well we hope that there will be some progress i don't want to overstate it down at the g. twenty coming up president trumpet president xi scheduled to meet down there hillary for which and danielle shay we thank you for being with us for the entire show that was a blast thank you guys and then it isn't it for this time i thank you for being with us you can catch boom bust at youtube dot com slash boom bust artie we'll see you next time.

welcome to the next guys are financial survival guide. looking forward to your pension account. this is what happens to pensions in britain. as a report. on what else should seem wrong. really just don't. get me. yet to see. this day come to council. and in detroit equals betrayal. when so many find themselves worlds apart we choose to look for common ground.

it's ukraine versus russia again a minor maritime incident on the current strait is said to be anything between a major international crisis to a cheap campaign trick as ukraine introduce an election cycle take your pick but one thing is for sure russia is deemed aggressive by the west even when defending its sovereignty. going to please go campsite now and again for people that can decide and they're like so the empire. is like a safe house i guess they don't have to talk about what they go through with us because we understand her daughter katie was diagnosed with a very rare sun sensitive condition if i get sunburned i heal she doesn't feel patients and they have problems with the walk to talk to some of the brains that are actually shrinking inside the stove gets thicker in the brain still small. the

pain is indescribable it's feels like a really really bad chemical burn but it goes through your skin in your muscles always down to the bone and there's no relief. so we're just not sure this is going to stop. it is revealed that three ukrainian ships which russia says it legally entered its territorial waters had weapons and ammunition on board however the international community has been quick to back off and not moscow in the standoff. despite european pledges to support companies to.