revenue on that point bristol myers c.e.o. giovanni for e o. has hyped six expected new term product launches from the new company markets seem not to be buying it as bristol myers stock fell more than twelve percent on the news trading around forty five dollars per share in new york while celgene stock price increased by more than twenty seven percent but look at that they're going from around sixty six dollars to almost eighty four dollars per share up one thousand bucks on that news before backing off a little down to about eighty two dollars just moments ago and turning to tech apple has cut their revenue projections citing reduced demand in china for their signature product the i phone china is apple's third largest market and accounts for about a quarter of the company's revenues apple c.e.o. tim cook said his company had been surprised by quote the magnitude of the economic diesel or is ation particularly in greater china referring to china taiwan and hong kong mr cook also cited rising trade tensions with the united states as

a contributor to the slowdown after hours trading of apple stock was briefly halted before the announcement on wednesday evening and the stock price quickly fell more than seven percent once trading was allowed to resume the losses continued today trading at nasdaq at around session lows of about one hundred forty two dollars per share and pushing apple's market valuation below that of alphabet the corporate parent of google of course but get a load of this take a look at the apple stock if we have this for the last six months trading back to october third at two hundred thirty two dollars per share so they've gone from two thirty two to one forty five cents october third and today there is no auto news as general motors named a long time company stalwart mark reuss as the new president replacing dan among mr roosted been head of the company's global product group and in charge of the cadillac brand you may recall back in late november when g.m. announced it was closing four plants in the u.s. . because of sagging demand president trump criticized g.m. g.m. c.e.o.

mary barra and the stock fell well today the company also released for the fourth quarter sales which dropped more than two percent year over year g.m. stock which has been falling for years overall fell even further today on the news trading at the new york stock exchange and around thirty two dollars and thirty cents per share. and for more on the auto news of the day we are pleased to once again be joined by lauren fix the car coach lauren thanks for being with us happy new year to you happier to you as well so let's talk about g.m. first to you what do we know about mr ruse you know how did he do running cadillac well actually you know mark really well i had of course you do larn you know everybody there in that they had this industry. he's a great guy actually comes across pretty ominous is a really tall man but he is

a real sweetheart very smart man and very successful actually he was the one who was in line to be the c.e.o. of g.m. and they decided to put mary barra in charge of he's second in command. meanly the fact with cadillac is in your question as he took it over from johan to nessun who left they basically let go they had a disagreement where they had moved cadillac to new york they had put out some new product but now he's bringing it back to detroit where it's all under the mothership and you're to see some changes there we've got the cadillac x.t. for in two weeks we'll see at the detroit auto show some new product coming out as well so we're really excited about that we'll see the chevy blazer want to see a lot of new products and since marks at the top i think you're going to see some really exciting product the key with the auto industry and this is one thing i've always said about ford you need to have someone at the top who understands cars who's a real enthusiastic market loves camaro and corvettes that's how i know almost because of automotive vehicles actually he knew my father so it's like

a very tight industry he is a true car guy and i think he's going to really help general motors that camaro but i know you're lauren what talk about g.m. strategy a little little bit in light of electric and self driving vehicles especially in north america and china is that an area that they're going to continue to focus upon yeah i'm not the biggest fan of going electric and autonomous and i'll tell you why first off number one general motors did reach at the end of this year two hundred thousand vehicles sold they are losing the e.-v. tax credit on their vehicles which means they cut in half like tesla it was seventy five hundred dollars it goes to thirty seven fifty and then in june it'll cut in half again and then cut in half again by the end of twenty nineteen this is going to be a huge impact on their sales remember the chevy volt is a very reasonably priced vehicle but to lose that tax incentive will lose that type of customer people that want these vehicles are buying them and with last year's sales being around seventeen point one million light vehicles cars and trucks that

that's. yes than two percent electric vehicles so why would you invest even more into electric vehicles unless there's a government incentive and so this is the thing if you want to sell vehicles in california which g.m. does and all the for their divisions you must sell a plug in electric car and they are but the fact is they're just not selling and the chevy volt hasn't been what they thought it would be as a leader in the electric field goals whether we like them or not leaf is also there in a bunch of other companies so we need to know that why would you invest in something you take a loss on in every vehicle and that consumers are buying an autonomous is way off we're looking right now based on the federal government somewhere around twenty twenty five at the potential earliest so a way off from that let me ask you know i did a little headline on apple want to know you follow the news but one of the problems with with apple in a quarter of their revenue as i said in our headline earlier is from from china is that you know the the g.d.p. per person in china is ten thousand dollars in the u.s.

for example it's sixty three thousand dollars so it makes me think is there a similar problem with electric vehicles lauren where they're trying to sell these expensive more expensive vehicles into an emerging market china particularly but the greater china to taiwan in hong kong in a place where they really the consumers can afford them. that's true and that's the same that happens here you're looking at the evy tax credits that they're talking about eliminating and general motors and are really begging to have back the current administration is probably not going to let that happen so if you eliminate tax credits consumers aren't going to buy those cars and you look at the total number of people that purchased vehicles electric vehicles a quarter million dollars is what they make on average here in the u.s. at seventy eight percent of the sales and you go ok let's back that down to people that make one hundred thousand dollars or more that's about ninety percent of the people that use the tax credit now if you're going to take that easy tax credit and

offer it to people who would normal salaries who have normal lives they might be more. likely to use it but it ends up being that tax credit goes to the wealthy people to buy their third fourth fifth sixth car so i think that we have to look at the specter if you want an expensive electric vehicle to buy a b.m.w. i eat or the audi that they get a new g.t. cooper b.m.w. is a ton of great products out there. but buying an average car is what you need to sell a lot of an order for electric vehicles to take any sort of graph and i will tell you this from personal experience it is hard to find a charging station that's either available or when it's in your area in the bulk of the middle of the country and that's where they need to sell these vehicles so i'm not seeing great traction electric vehicles i think there will be a mixture of solutions depending upon where you live in your lifestyle you know and that's so true when you think about you know i started the question off with with china i mean you know if you're not in shanghai beijing or a few other places they're going to have that same problem that you continue to

point out and i think you're so right lauren fix the car coach it's so great to have you back with us lauren we sure we learned something every time you were with us thank you so much for being there any time thank you. and we reported yesterday on signs of a slowdown in the latest purchasing managers' index or p.m.i. surveys in china and today there's a similar news in the united states the latest p.m.i. results in the manufacturing sector reported by market showing fall to fifty three point eight in december of twenty eighteen down from fifty five point three in november while the figure remained above fifty the pm eyes boundary between expansion and contraction the latest survey indicates a significant slowdown in u.s. manufacturing orders and job numbers while some competing surveys show more favorable figures this data point is one of many recent indicators of a slowdown in china and the u.s. creating a dramatic backdrop for the ongoing trade talks between the two global market

movers. and time now for a quick break but hang here because when we return china has shot the moon and landed r.t. correspondents caleb and alex my highly bitch help us look at the far side of the moon and at the business of space plus traditional television begins the new year in turmoil holland veteran media consultant host. the big picture here in r.t. america helps us to explain and later today is the day that will change donald trump's reality for the last two years of his administration as a new majority in the u.s. house takes over what might that mean we'll tell you as we go to break here the numbers at the closing bell another big down day for stocks in the u.s. and around the world in asia india europe in canada the only positive markets seem to be the all here is index in south africa and brazil's i both s. but we'll be back in a flash. nobody

could see coming that falls confessions would be that profile in the spot the way shape or form for converge if you look at any interrogation out there what you'll see is 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 them uncomfortable make them want to get out and don't take no for an answer don't accept their denials she said or forward. send a statement that i would be home by the next day there's a culture of an accountability and police officers know that they can engage in misconduct that has nothing to do with all their crimes. we're continuing our special episode here in the new year celebrating not only

twenty nineteen but ten years of kaiser reports at some point in twenty nineteen i'm not sure exactly when that is but we'll keep you posted. so you will both be and not that he's showing off just us. she must have been for the people not just when the stock went up or what i mean. to you. i mean it was my mother. thank you. thank. you larry i look so good and some of you can see that from the. right

thank. you. so much you're in the home of the view thank. you melissa thanks for the fav what it was and i'm what i'm most most of the money for something that's been my well thank you before with a good. thank. you. and then i don't know how many. people. have been going to.

welcome back the dark side of the moon is getting brighter today as china landed a spacecraft on what is known as the far side of the moon what does it mean and how is the business of space taking off here discussing r.t. correspondent caleb open and alex mahela bitch welcome guys happy new year to both of you caleb first of all tell us about the effort by the chinese government what did they do and why did they do it. well it's the chang efore it's actually named after the goddess of the moon in chinese mythology and it has carried out a soft landing on the far side of the moon the first in history and at this point it's got penetrating radar isn't spectrometers they've actually got a sealed biosphere with silk worm eggs and seeds they're going to be doing all kinds of research about the geological composition this is very very exciting and

you know bart the media is constantly trying to tell us that china is not capable of making their own scientific breakthroughs and all of their technological achievements were somehow stolen from the west i would look at what they just pulled off and i would beg to differ and let me add that you know in one nine hundred sixty nine when neil armstrong landed on the moon that was a big deal but at that point the united states had already been a fully industrialized country for over one hundred years but just a few decades ago china was dirt poor and today they're winning the space race there alleviating poverty this is got to be a glowing moment of pride for the communist party you know i'm curious caleb you know why we didn't hear about this before because it is significant i agree with you one hundred percent but is it that maybe they were afraid that it might be don't fail and they didn't want to publicize it what's that what do you think. well the launch was public back on december seventh but the media didn't really say much about it and now the u.s. media is kind of surprised that this is happened but you know what's on my mind bar

the phrase that's on my mind is helium three that's a rare isotope that is on the moon and that could be a huge game changer when it comes to fusion energy right i mean this could potentially change everything and what i don't understand is the pessimism if you turn on american television a lot of the commentary we're hearing you would almost think that somehow this is a bad thing this is a great moment for all humanity this is like being there when michelangelo painted the sistine chapel or the ancient egyptians started laying the stones for the pyramids this is a big moment for all of the human race and i wish we could all just be on the same team well i'm glad that we're making these discoveries and alex so we have covered . company space x. on the show many times but which are the biggest business players in the space space as it were today and how are they doing. look private companies are looking at this and they're definitely looking at this would happen with china we know china and india are big game players now when it comes to the new space race that's

what people are calling this a space renaissance or a new space race actually seeing countries get more and more behind pushing this technology forward and as i mentioned private companies are doing it as well so you look at something like space x. and you know on muswell you know what they came in and out of nowhere and they pushed to some new guys out into the game as well as push the old guys into game changing so if you look at some of the companies that are there at the top you've got companies like boeing of course boeing along with their with lockheed market mark martin they have something called the united launch alliance they've been in this game combined for about one hundred years if you put the two companies that's that's a lot of thought a lot of knowledge to go behind there so they have to really up the game now when you have a company like space x. coming there so you also have sierra nevada corporation they have a vehicle if you remember space plane that was something that was being talked about before was being talked about again this company's building these things and imagining a future where they're going to be moving basically people as well as cargo from

place to place nasa has actually bought and when it comes to this company they've chosen their multi mission space utility vehicle as a cargo cargo delivery system so that's a big big step forward for this company also air bus in europe you know airbus has been around in the game for a long long time building all kinds of technologies that help the aerospace industry and now this year the big news from them was something called the gaia telescope get this billion pixel camera telescopes all about and it's been used for three d. mapping mapping of the milky way so this is a huge step forward all these people are playing this game and of course let's look back to space x. when you think about a lot muswell i usually think about those in the same breath i am a zondervan blue origin that's a company that started up blue or. basically playing the same game as space x. this is all about launching vehicles to basically developing large reusable launch

vehicles and that's what i wanted to say there's so many words we're talking about space here and they're all pushing again thousand other companies we're looking at thousands of companies popping up around the world in the united states alone startups startups are urging every corner this is a boom two thousand and eighteen was a massive year for that and it's probably just going to grow as the future progresses very interesting about how many there are learning stuff from both you guys take caleb how does the chinese space effort compare for example to other nations in the u.s. russia others that we know about. well i know there's there's talk of expanding it even beyond this and that the chang actually started out as a backup in case their previous mission had failed and now here it is succeeding after the previous one had succeeded but i think it's important to remember this this isn't just about exploration ok the moon has got your am it's got titanium it's got rare earth elements and there's potential here for the global economy and

basically you know when you listen to chinese leaders talk specifically the president you know when you hear them talk they acknowledge that we've got big problems here on planet earth right we've got global warming climate change we've got the danger of new war but the way the chinese government sees it the answer is not to look backward and not to halt scientific progress and not to just try to freeze the answer is to move forward the answer is human progress and growth and expansion and that we human beings with our creativity and our ability to think scientifically and rationally have the ability to overcome difficulties by looking into the future there's so much pessimism in the western world right now there is this call to just retreat from the world and kind of hide and put up barriers and walls china is seeing things in a much more long term way and looking about how we as human beings all of us from all over the planet can come together and overcome all these difficulties and really advance as a species that is so much great information and i don't mean to make light of it

but we're going to. see liam three and billion pixel cameras are things we're be looking at in the future thank you so much michaela bitch caleb off and thanks guys . thank you. and traditional television begins the new year in turmoil and you are the viewer that you may get spawn into developments that are the media industry's version of a government shutdown r.t. america's big picture host and veteran media consultant holland cook joins us collen happy new year part of this was sort of inevitable wasn't it well you know back in september right here on boom bust we reported that a nielsen shareholder was pressing to have the company sold after blackstone and carlyle and k.k. aren't some of the others took it public about eight years ago fast forward to the stroke of twelve all one new year's eve when c.b.s. his contract expired and we don't know how much of this is them negotiating in public but c.b.s. says they're considering using their own data or using com score which is

a nielsen rival that also measures other things and that's what's driving all this arm wrestling the other things they need viewing data on smartphones tablets like i pad and net connected t.v. all the ways we consume video now other than the old school way so it was inevitable and there are the traditional internet delivered competition and they're going to sit this one out who doesn't need numbers netflix hit your credit card like clockwork every month amazon prime to pay once a year hulu it's a netflix type deal and the pitch is on more than eighty percent of pay t.v. subscribers in the usa come from for cable or satellite providers one thousand two hundred comcast charter and dish those four companies together lost eight hundred eighty seven thousand viewers in the last quarter alone a lot of defections from dish and a t.n.t.

and have you noticed lately there are ads direct response ads on facebook and places like that i was buying christmas presents on social media so it's a new day for the. networks and when we had the lead in to this was that they are in turmoil the traditional t.v. networks but it's really more than just a couple thing it's sort of a perfect storm i know that's a tired phrase but but why is that i'll give you a couple of more tired phrases and as a consultant i can put a dinner party to sleep by saying retransmission that's not the truth that's retransmission consent meaning that the station has to give a cable company or a satellite provider permission to carry the station so that'll cost you and now if you are the cable provider you don't want to be remiss and disappoint your viewers not having n.f.l. football or any of the other network programming thirty three tribune stations in twenty four markets are dark to six million charter subscribers right now yesterday

on the radio here in washington i heard an ad taken out by channel nine w. usa the local c.b.s. station on by ted know the former going at who is now arm wrestling with horizon over how much and who pays home so this battle is far from over it was inevitable but all the rules have changed we always talk i always say at the beginning of the show the impact upon you what's the bottom line impact upon viewers holland the media are scrambling to keep up with our changing preferences nobody loves their cable company except for internet access and people who used to pay one two hundred dollars a month or more are now seeing what they can pick out of the sky with the antenna all these digital side channels you've got your netflix you get your amazon prime a lot of people get that h.b.o. free preview weekend and shrug because the stuff they can get on ot t.

over the top television is so much better you know up and up glued on t.v. to holland cook veteran media consultant and more importantly for be the host of the big picture right here in our to america thank you my friend happy new year well. commish thank you good to get some days off. and finally today is the day the ground shifts from the trunk for the trip administration republicans have controlled both the u.s. house and senate for the last two years unable and the president to get one major a problem and his signature tax reform proposal done in legislation now other than that the list of accomplishments is fairly short and now as of a few hours ago the democrats control the house of representatives what does that mean well first there will be oversight of not only the trump administration but the president himself that has not existed and second legislation will not be able to be jammed through with any single party effort republicans or democrats what that could mean is legislation supported by both republicans and democrats could

make progress infrastructure improvements would be an ideal effort in this regard improving roads bridges roads airports it isn't partisan issue at all both republicans and democrats support that will it occur the so-called deal maker in chief appears not to adept at striking deals so far and as exemplified that by the shutdown which is that it's thirteen days that the government shutdown the mounting trash on our u.s. national mall just a few blocks from our studios here in washington is just one example but we like to be positive and in that regard there is not a more important piece of legislation that could be approved with the support from both sides of the aisle and infrastructure improvements it would fuel injector u.s. economy which has significantly stumbled in the last few months that would be a great thing to see there's always hope. and that's it for this time thanks for being with us you can catch boom bust on direct t.v. channel three twenty one dish network channel two eighty or streaming twenty four seven on the aforementioned pluto t.v. the free t.v.

at channel one thirty two or as always you can catch us at youtube dot com slash boom bust r.t. so long for now we'll see you next time. hello my name is peter and i've been living in bushnell for about seven years and this is a film about just some of the crazy things i've got in the time. when you're going to get. along you've got this interesting there's still a new deep fry because the pipes that you're going to take a stance is not just the same because. i was that.

through the credit. the. country has gone into a nihilistic fever. thank god. and get out there traveling across america to find what makes america the charlatan is the genius of this place especially american hero this is it we've come a point from which hollywood has gotten so we always are on the bridge just summing up this whole culture thing for you. we're starting with this is going to headed east into the swamp we're going into the belly of the beast and i think i want to leave now governor any more ground of

the earth it may be completely different but in the midst. it's hard to imagine decades after the war a nazi doctor was still active rich in the nineteen seventies crittle had as the chair of its board a man convicted of mass murder and slavery at auschwitz a german company developed thalidomide a drug that was promoted as completely safe even during pregnancy it turned out to have terrible side effects what has happened to my baby is anything ball you know she said is just cut short arms minix a little mind victims i have to this day received no compensation they never apologized for the suffering that i did not only want the money i want the revenge .

seemed wrong. but all just don't all. get to shape out these days become advocates and engagement equals betrayal. when so many find themselves worlds apart we choose to look for common ground. i.

least four countries claim a former american marine who's been charged with espionage is that this media speculation claims that the man is being used as a bargaining chip by russia. he faces up to twenty years plenty of time to be swapped. in some way by the russians. also the french government. claiming it's trying to bring about to become. to veto any legislation passed by democrats after they refused to fund war neither side shows any sign of giving in despite almost two weeks of government shutdown.

and you all is in a morality it's not.