former pentagon official michael maloof and conservative commentator steve malzberg and later the lead tracing go for mexico ambassador hays susi out today is here in studio gives us his take on trade in light of the new now all that in our side but first we had a right to the headline let's go. brecht's it once again leads our global report as british prime minister theresa may finally opens the door to a possible delay delay while opposition leader jeremy corbyn of the labor party begins to put his cards on the table ms may under enormous pressure from within her own conservative party has now agreed that if parliament has not proved a deal governing brecht's it by march twelfth legislators will be allowed to vote to delay the u.k.'s exit from the european union currently scheduled for as we all know march twenty ninth ms may's move came a day after mr corben who has hounded ms may on bricks that while remaining cagey about his own plans up until now also commented on

a new referendum. labor accept the results of the referendum in the eye and. put mr. we. guessing that. right that's why we believe in alternative plan. as march twenty ninth moves closer to the path of the process and the ultimate outcome seems to only get more complicated and unclear meanwhile the government has been forced to release a report that estimates a no deal practice could shrink thing u.k. economy by sixty nine percent over fifteen years. and in less dramatic british business news a familiar upscale real to upscale retailer is teaming up with an online delivery service to offer their wares online marks and spencer an online food retailer ocado announced today that they are into. regarding a joint venture in utah

a retail that is expected to put us in the online ordering and delivery game in a big way after the new alliance with colorado's expected to ditch a previously agreed partnership with the weight rose supermarket chain and m. and s. competitor in the upscale grocery sector and sector initial reports suggest m. and s. will be paying between eight hundred million and nine hundred million pounds for a fifty percent stake in the new enterprise a condo in amman is shares were both up on the news with value rising as much as twelve percent. in january we told you about drug price increases to consumers in the united states this year now u.s. senators are grilling big pharma c.e.o.'s over rising prescription drug prices today on capitol hill legal journalist molly barrows with america's lawyer is here now with more hey molly what do we expect i mean what do the lawmakers expect rather from this hearing or is it just a venting session. so far bart i'm expecting that it's mostly going to be venting

session this is such a bipartisan issue they know their constituents are complaining about rising drug prices and they're trying to address those concerns almost in a dog and pony quite type show so they say that they don't want any more finger pointing no more excuses they actually want solutions but we'll see what they actually get so who all has been scheduled to testify today is a list of seven of the top pharmaceutical companies including johnson and johnson pfizer merck advantage bristol myers etc and they were scheduled to testify before that panel today and they have a collective market value of more than a trillion dollars bar so these are powerful lucrative companies with powerful lobbies now this is the first time these exact have appeared before a congressional committee to answer any questions about drug prices which in and of itself is revealing as and that senators mention the thousands of letters that i talked about before that they receive from constituents who say these drug prices are so high they're having to choose between pills and bills in some cases they simply can't afford it at all and that. cases and so these lawmakers want to know

what can we do that can you know what can be done to make things better like we mentioned it is a bipartisan issue president tweeted just last month here's a look at that you know hey we're going to bring this down we've already got policies that are working drug prices went down in two thousand and eighteen well that is obviously not true. is to voter. it's not sure i'm going to say i'm going to be at calling out big pharma on these high costs of drugs is it going to make them come down so what can they do to make them come down except hold them accountable and i just don't know that they're going to do it well we like to say around here the numbers matter the truth matters also there is that speaking of numbers molly how much money is big pharma making in the u.s. . oh my gosh darn it's ridiculous as i mentioned before just a seven drug companies alone are worth my lord what is a trillion dollars well over a trillion dollars so they're making an obscene amount of money part of that

because the united states leaves pricing drug pricing to market competition so you see where that gets us and the us senate estimated three hundred and forty four and a half billion on prescription drugs in two thousand and eighteen that figure is expected to go up to almost five hundred seventy seven million in two hundred or two thousand twenty seven according to projections from the federal centers for medicaid and medicaid sir medicaid services you know but you compare this prices to other countries the united states because they allow the market to direct pricing in other countries governments directly or indirectly control the costs of their medicines and their prescription drug costs are significantly lower and fact according to recent reuters report us prices for the world's twenty top selling medicines are on average three times higher than they are in say like britain and these researchers were from britain's university of liverpool they also found that us prices were consistently higher than in other european markets not just in britain so elsewhere us prices six times higher than brazil sixteen times higher

than the average in the lowest price country which is usually india because they it's where a lot of these generics come from and at the same time you have big pharma saying hey it's not our fault you know we're just invested all this money in research and development this is just what it costs but you have countries like india which are saying hey we're doing research and development we're finding generic cost we can provide you pills that are more that are less expensive and then the same industry that has lobbyists that keep them from raising those prices say no no no no no we don't want your generics that are going to get more affordable so these politicians know these are problems they know how to solve these problems the question is do they really want to make the hard decisions to change this complex system that's going to require making the pockets mad at them as opposed it's easier to have your constituents that you then have these big corporations in these. money makers that are putting money in their pocket absolutely legal journalist molly barrows who's a contributor america's lawyer thank you so much molly appreciate it. thanks bart.

and big story today president trump is in vietnam for a meeting with north korea's kim jong il this is the second one on one meeting for the two who met eight months ago in singapore where president trump seemingly gave a joint u.s. military exercise is with south korean military in exchange for what appears to be a concession to be determined at a later date what many had hoped for was a reduction in the north korean nuclear endeavors might that occur later today or tomorrow here to discuss this former pentagon official michael moore and conservative commentator steve malzberg thanks both of you for being with us hey michael let's start with you to tackle that quandary and maybe it's not a quandary for everybody but which many of us had from the last meeting that the u.s. military was opposed to giving up the continued military exercises with the south koreans right and and did we get anything even goodwill well we got some good will

we also were able to get the north koreans not to fire any more missiles or detonate any more nuclear devices underground that's a beginning and and also the fact that the two sides are talking that's the beginning of course the whole idea was to have no. relief relief in sanctions and unless and until there was total denuclearization i'm beginning to get a sense now that the trump administration wants to do a phase in of that over time and is happy with that as long as there are no more missile tests are nuclear tests. very interesting thank you michael steve you know president trump says he negotiates the best deal nobody you know does the gauche ation like only he can. and but he the president tweeted after that last meeting in singapore quote we landed a long trip we just landed a long trip but we much of course feel much safer since the day i took office there

is no longer a nuclear threat no longer a nuclear threat from north korea meeting with kim jong moon was an interesting and very positive experience north korea has great potential for the future so steve the president certainly has the opportunity to denuclearize north korea and we all wish him success or at least i do i know you to do but explain this one to us what's your take on the circumstances this time steve well you know the president in addition to everything militarily i think economically speaking the president has been saying hey join the rest of the world denuclearize and kim you could be an economic power i don't know how much that matters to kim i'll get to that in a second but when he sees vietnam as he's seeing vietnam now and he got out of this train ride and then went to head noyo he sees starbucks kentucky fried chicken burger king pepsi he sees high rises when he's taking a tour as he's going to do a little north of hanoi he's going to see

a factory that south korea is set up at the samsung factory seventy thousand jobs in fact south korea has invested seventeen billion dollars in vietnam in the last ten years now the vietnamese will tell kim if he asks that this whole economic boom is attributable to their. agreement that they signed with the united states normalization of relations back in one thousand nine hundred five they're growing at seven percent a year back in ninety five they were trading with the us four hundred plus below a million dollars a year they're up to fifty billion their economy is thriving there per capita income is twice that of the north of north korea but here's the problem north korea may not be enticed by that north korea looks down on vietnam they're a dictatorship a communist. taters ship compared to just a communist government that vietnam has their family has been in charge for seventy years so he may choose power over economic growth however they have i wonder what

michael says yeah well michael let me i would like to get your comment on that too but i do want to go back to this we talked our previous segment with mali about you know telling the truth and you know secretary of state my company all said he thinks north korea is still a nuclear threat he said that the other day and central intelligence director gina haskell said in january before congress that north korea has committed to developing a long range nuclear missile that could pose a direct threat to the united states so i mean how should we square these with the statements that the president that north korea is no longer a nuclear threat well i think this is wishful thinking on his part i think he was just happy that they weren't detonating anymore underground explosions but they are still a threat the reality on the ground is they are still a threat and kim has some internal issues there are he has he has to walk a very fine line of those who are absolutely opposed to the united states to making a deal with the united states and i think the best that we might be able to see out

of all this ultimately might be an announcement of an armistice the signing of an armistice there will be no withdrawal of troops although that could be a possibility but i don't think i think it's still a little early and it really depends upon what kim comes back with if he offers any anything on on his and so i think it's going to be and you give me something i'll give you something type of arrangement it's going to be a thing over years it isn't going to be. a slam dunk and we're already is talking of a third summit and what we want to have you both back to talk about it there may be news tomorrow we'll have to see but steve malzberg and michael moore thank you both for your time sure appreciate the discussion pleasure thank you. and it's time. quick pause for the promotional calls but we note that the united auto workers union has just filed suit against general motors for the closure of three auto plants in maryland ohio and michigan we'll have more on this next time and hang

here because when we return the lead trade negotiator for mexico ambassador a suicide ada gives us his take on trade in light of the new nafta this is going to be good is in studio as we go to break here the numbers the closing bell will be back in a flash. to trump in ministrations attempts to impose regime change in venezuela appear to be faltering. interim president. hasn't gained much traction this me explain the administration's escalating rhetoric after all we're told a military option is still on the table.

this is city creates its own kind of virtual reality it has the greatest number of skyscrapers in the world. the highest population density. and is southeast asia's largest financial center. property prices on astronomic one square meter as much as two hundred fifty thousand u.s. dollars despite this two hundred fifty thousand people live in squalor conditions the u.n. describes as an affront to human dignity. make this manufactured sentenced to public wealth. when the room in closest protect themselves. in the final clearing go

round lifts only one person. doing the middle of the room signal. that's good earth but it's survival guide book stacie just call the store and simply. visit. the sure it's going to get him back. oh heck no good repatriations forget the rest of seven years chris filippi a separate kaiser report. welcome back catching up with the u.s.

housing market new home building has fallen to a two year low in the u.s. there were just over a million units and the latest monthly housing stats starts from a u.s. commerce department covering the month of december that figure was the lowest since september of twenty sixteen that's an eleven percent drop from the previous month and well below market survey expectations a broad range of other indicators including housing completions also trying to low seeming to signal a sectorial slowdown in the u.s. economy. and there's more news on the wall wave beat today u.s. officials reportedly are taking their efforts to block the chinese tech giant from building internet infrastructure or getting other technological put olds in markets abroad or take it to the world conference the world mobile conference or the m w c taking place now in barcelona a top state department official for cyber security robert strayer is among those u.s. officials who flew to the m.w. seated counter while ways efforts at the same event to build global market share

while way has put some points on the board on that score by securing a contract to build five g. network in the united arab emirates for u.a.e. a noted ally of the us government in the middle east. it's been more than four months since united states mexico and canada renegotiated the north american free trade agreement finally settling on what has been labeled the united states mexico canada free trade agreement while the troubled ministrations making much of the change name experts say the new deal mostly resembles the old one the trump administration allied with apply it president mexico the unpopular and pena nieto to make canada the odd nation out. in the negotiation process but in the meantime after credits andres manuel lopez obrador aka arlo has been elected to the presidency while in the u.s. democrats have taken control of one chamber of congress the u.s.

house seeming to put passage of the u.s. m.c.a. which most are still calling the new nafta very much in doubt so for an expert insight perspective on the deal we are just just how did new or not know it may be we're fortunate to speak with the lead negotiator on the mexican side of the table moving forward in the on the presidency mr ambassador it's so great to see you say ah day thank you for spending time with us great pleasure. so let's start with whether or not this is really a new deal i know you've been spending a lot of time so i'm sure it's different from your perspective but when you look at the aggregate sort of the big picture things that nafta did and the new things here in bassett or. what are the big differences or are there any well that's that was a new deal there was no deal mexico was a close that got to me so that changed everything in a profound way this is one evolution but it's very serious evolution first it's a major of the twenty five years of not touching it you create rooms full new

sectors digital trade wasn't there the paper wasn't there environment wasn't there so it's big new big sectors secondly. it reflects person trumps preference and we went along as well because it's balanced and good for everybody to have at the you. that basically close for investment to coming. to the u.s. to the region and i think it's a balanced view it's a pro investment deal makes trade into the pipeline trade into the value chain bit more difficult in the sense it was for the germans for the koreans japanese to invest in third has a huge social agenda as i said has the labor. rules environment rules anti-corruption rules and ways to help small to medium enterprise has to put it back together again scale it in culture so it's a it's a it's

a do for the twenty first century where you're going to longer say oh no labor is not an issue between us it is for the little playing field so we now have all these sets of rules that are not exactly bottom line profit and things trait is not not our trade it is brother social agenda we were speaking earlier embassador and i find it very interesting so i want you to share with our audience you know if you go back twenty twenty five years ago and to around the time of nafta i think a lot of americans maybe incorrectly looked at mexico and said look they have lower labor standards they're cheaper labor and so you know the bikila dora's where they're all the auto plants going down there and so it's unfair to u.s. workers but things have changed a lot it mexico with regard to the labor of talk about that a little bit well. there's every truth to what you said mexico.

hundred two years ago to the seventeenth one thousand nine hundred seventeen includes the most of the violence constitution in the world protecting labor and it was bogus because we've had all these fake. trade unions. that are basically protecting the firm the trade union protecting the workers was hired before the words were hired and so on so forth that's really bad practice and and that's been thirty two for everybody for you our competition for your firms but mainly for our people now the number one plan of the new government over there is all about honesty and cleanliness so he's two top priorities are anti corruption believe it corrupts. and given it's all the really close the first question of corruption who does this boost trade unions the whole thing has been about that there was a constitutional reform two years ago very much on the headwinds of he's ascendancy

in politics we have a new major law changing completely our trade union life we have new. institutions so all the emphasis is on clean good truthful trade unions what we are going in these direction very much with when you talk about changing the trade unions do you think that may be. obrador has a particularly prominent position that he's able to because where he comes from that he's able to have the credibility to change the labor unions whereas maybe a more conservative politician might not be able to do that mexico absolutely that's what it is that's what it is he worn an amazing image of the thirty m. in a very dominant victory with fifty six on a plank really protecting workers' group workers who want fifty six fifty seven

percent of the vote he wiped the two houses in terms of you know congress and senate even the golden arse all the governorships that were for grabs mostly came from his ranks now the first thing he has done in these last couple of months the limb not spent too much time on that has been an amazing fight on all theft those little pipes going from the main cubes if you noise to you know theft are we covering that or is that unfortunate accident there too but example i get most of it because clogging those leaks is key to stop that he come politically the total chaos in the country closing the grid and bringing all through the country through pipes through you know all the. what. always thanks and things you have huge lines in the gas stations you would expect well we nice guy is keeping he's popularity with his popular if you went through all those long lines

for all you from fifty five percent to eighty five percent people believing he's changing he's bringing honesty to the culture it's important that you know you take on those tough decisions right after you've got a lot of popularity too because you do lose some support but godspeed to him for doing it let me ask you one other question going back again to perhaps a distorted view from. two three decades ago. it was also viewed as mexico had more lax environmental standards in the u.s. is nothing to write home about and we've been worse in the last several years but has that changed and is it in our environmental standards an important part of this new agreement ambassador absolutely we have in major chapter on the neighbor and that made your chapter on environment stand in the u.s. m.c.a. the nafta to both of which were met by osce the agenda was set from inside and all

of us pressure it was mexico self-inflicted pressure to do what you want to do we have you also problems with major companies mining companies for example because of bad or mixed environmental standards were say no sorry we have these protecting the people the people whose first oh it's so good to hear you know i said it was a last question but i do have one more and if you don't want to answer it i understand so one of the issues we've seen and it's not just it with mexico or canada with china with europe is that the president's negotiators set out a position negotiations seem to be going along swimmingly and then all of a sudden at the eleventh hour comes in you know president trump and he changes things you've met with the senior economic adviser larry kudlow you're with. the other day at the governors association have you had this sort of an encounter where you don't know if the deal being offered to you will actually be the deal at the end of the day i would have to say the the you as we signed the as

a we completed negotiation being protected very honorably by the executive you don't feel any pressure for changes coming from there there are. suggestions of change just coming from the labor congress i mean congressman democrat congressman interesting neighbor we respected a lot we share the same philosophy the same politics we just want to communicate within it to make them understand that we stand exactly where they stand and we support what they support but change is coming from the executive from from globe from this interim it's not happening and i don't see a reason for that to happen on labor we have to communicate well it understand each other and support what they want i can't tell you how honored we are and i'm actually encouraged to hear what you're saying it sounds fantastic i wish the best for you i wish the backs for the mexican people to say a day ambassador thank you so much thank you proud when i talk to you. and that's

it for this time you can catch boom bust on direct t.v. channel three twenty one dish network channel two eighty or streaming as always twenty four seven on pluto t.v. the free t.v. at channel one thirty two or you can hit us up at youtube dot com slash boom bust r.t. so long for now see you next time. my seven years doing drugs my nephew was still in drugs my sister's with doing drugs it was like an epidemic of drug abuse america's public enemy number one in the united states is drug abuse sort of the. the users in the prison population who are we started treating sick people people who are addicted to these drugs like criminals while i was on the hill i increasingly became convinced that the war on

drugs. there are countless numbers of people who are in prison for. sins for. minor offenders in the drug trade it's a lot watching your children grow up and miss you in wave and say by day as you're walking out of a business it's just it doesn't get easier. the liberals in america they consider themselves to be living in pedestals of the masses and they're never wrong and they have the moral high ground and occasionally when their policies are exposed as fraudulent then they're don't want to deal with their unmasking they bring in a max but or william kristol to beat people up their thought.

need. sixteen months on a city denoted. by the. isis fighters and boarding a philippine naval ship. but not for me ned. my ninety dollars. just aren't abdulla still don't know who watch waiting for them. to do tell you next weekend. take it out. of the way.

as violence flares at the colombia venezuela border the un security council meeting called to discuss the crisis turns into a more important. we ask that others join us in sanctioning those who've been involved in the violence over the last weekend instead of a hypocritical attempt to introduce assistance for twenty million dollars it is necessary to lift the blocking of accounts of venezuelan state owned enterprises in american banks which totals eleven billion dollars. cornered in the commons the british prime minister says m.p.'s will get a vote on a no deal bragg's it or to go lay britain's.