jewellers forty eight odd because it's we thank. god there's even a book. this is boom bust broadcasting around the world and covering the world of business and finance and the impact upon all of us you me the guy behind the tree everybody i'm bart chilton in washington d.c. and we are so please i'm honored to have you with us thanks for joining and coming up today some say the best way to get out of a hole is to first quit digging right well dick's sporting goods once nothing to do with that strategy as far as the negative impact on revenues as a result of slowing sales of assault spoiled rifles and ammunition danielle shea of simpler trading joins us to discuss it

a few other companies including netflix is in the news today was. the tourists and last chance of tourists from the middle east don't come any where you know hotels on the avenue are less developed than before and we had sixty percent less just on the one of steps with some of. the yellow bester they continue to protest in the store on the streets of paris as president much more prone enjoys snow snow can you believe it is on a skiing trip can't make this stuff up also examine how the marches have been able to stomp on markets artie's medina coach a no but brings us the latest on the plight of news from the french capital and later there's a new gun slingers sauntering into game town as a lie of google is set to challenge the video game market conservative commentator steve walz bird joins us to consider if google has the true grit to topple today's top gaming companies all that directly ahead but first. let's hit some headlines

let's go to. a major merger which could shape the global online payment sector leads our report today as fidelity national investment service or f.i.o.s. acquires payment processor world pe incorporated for thirty five billion dollars in cash and stock the deal is structured to give fidelity fifty seven percent of the merged enterprise with world pay taking forty three percent stakes fidelity national from a should serve as a c.e.o. gary norcross emphasized the size of the merged company a statement saying quote scale matter is in our rapidly changing industry our two powerhouse organizations will offer a customer driven combination of scale global presence and the industry's broadest range of global financial solutions world pay stuck was up sharply in the news jumping more than one hundred more than one hundred ten dollars per share in trading this morning following the announcement. and moving from business mergers

to political summits present harb also narrow of brazil is here he's in washington three blocks away at the white house this week to discuss a bunch of things with president donald trump during the duration of his trip mr balsa narrow and to bolster economic and military alliances with the u.s. and according to reports there's three key reasons for the visit including one u.s. exploration of your rainy and nuclear investments in brazil to the u.s. use of the al can tear a rocket launch site on brazil's door there in atlantic coast which mr burleson era will also look to bolster brazil's tourism by seeking waivers from u.s. vsa requirements for u.s. citizens. after that horrible school shooting in parklane florida over a year ago dick's sporting goods started to reduce they started this but. up the

number and type of firearms sold at their stores including not selling to anyone under the age of twenty one and not selling assault style rifles and high capacity ammunition magazines no firearms whatsoever were sold at ten dick's locations well the company had a bad year last year from a market perspective down pruett two percent on revenues to eight point four billion dollars for twenty eight thousand the disappointing numbers were due according to ed stacked the c.e.o. at least in part to both reduce firearm sales well now the company is doubling down and going to stop selling even more guns and ammo here to discuss the move in the impact upon the company and its stock as a director of auctions that support trading danielle shay danielle welcome back oh we love having you on and we've talked about dick's before it's such an interesting story they're going against the grain you would think if something's not working maybe change it but they said they're going to actually drop their hunting gear

including firearms and ammo from another hundred twenty five stores by august that's about seventeen percent of the stores retail locations and when this was announced a few days ago the stock really took a fall eleven percent to around thirty four dollars and fifty cents per share although your day the stock was up twenty five percent so and it's still trading around that thirty four fifty so they're still positive through the years but from a business perspective i mean should they stop digging what do you think. so i have two different perspectives on this part because first of all looking at the top stock chart just like you said you know i fell in love and percent after the last announcement over the course of the past year it's been you know really trading within a range and on a weekly chart i can see a lot of consolidation so to me it looks like it's going to break out of that consolidation were guarding the actual issue at hand the problem is whenever a publicly traded company takes a stance on anything political you are going to alienate the people regardless of

what you do so for me i think that the biggest issue with sticks in the stock price do you think there are just you know doesn't want to have anything to do with it ed stick the c.e.o. there you think you just say you know look my my policy position on this is going to really for lack of a much better word trump my business interest in this thing. well you know it's really interesting for me and it's difficult because on one hand i completely respect that he is trying to do what what he thinks is right and he's taking a stance on something that he believes and while at the same time when you're a publicly traded company you do have to actually look at that how that's impacting your stock price but i would say that you know dick's has quite a wide array of products that they sell and so maybe he's looking at that and saying you know what at the at the end of the day it's not impacting my bottom line you know danielle it was look at some figures earlier today and. gone in and

munitions stores in the united states did eight point six billion dollars in business this is a twenty six thousand figure. and a lot of those a lot of these firms you know they're not sold at the big box stores except through their their stores the mom and pop places you know not the bell is in the dick six . do you know about wal-mart of we see any any data is wal-mart stop really slow down on selling firearms at some of their big service centers or we know one thing about that. so wal-mart is definitely an interesting comparison because well you look at dick's and you say hey you know it has about seven hundred fifteen stores wal-mart got over four thousand stores and they do sell more firearms and wal-mart than they fell and dick so i can i can see that having a potential impact but just like you were stating the majority of guns are not sold and big box retailers so i think that's interesting that they're taking the lead

but dick has already made and we're going to see what happens but at the end of the day wal-mart has wal-mart us former and international sam's club very wide array of services so i think they should be all right by the way when i use that eight point six billion dollars figure that does not include things like pawn shops and gun shows there's a lot brighter than that number danielle was to shift to netflix because there was a very interesting story about how j.p. morgan chase researchers think that disney disney will ultimately stream more than the current sultan of streaming netflix the company netflix has been doing pretty well for the past year trading coincidently at its many for the last year they are at three hundred sixty five dollars per share a great price when you think about it over the year what do you make of netflix. so i love netflix here i mean next netflix has been the leader as far as digital streaming as concerned i'm personally along clicks i like it for

a trade up until at least the four hundred dollars price point and ideally to new highs the thing that netflix has behind them is that they they really started this game right and they're going about it backwards in a way that now they're creating their own content well disney is doing it the opposite direction disney has been creating their own content for years and years and years knee is going to have a leg up here and they're going to be huge competitors and i like them both for a long term bias because of it ok well you answered my disney question there and we just got about a minute but i want to squeeze in one more quick one here adobe the cloud computing giant the company took a dive the other day after weaker than expected earnings what do you make of adobe . i love adobe here i think that the fall on earnings is a great opportunity for a buy the move they have made into a software as a service company is huge for their profile and the adobe creative cloud you really can't beat it so i like adobe between two fifty and two fifty five for a bi it's

a new all time highs then yeah we sure appreciate you being on as always the end of the director of simply trading thanks daniel. thank you. and turning to europe there is good news for workers receiving the minimum wage in greece and spain as the two nations have recently boosted their minimum wages by roughly eleven and twenty two percent respectively unemployment remains high in both countries with spain most recently measured at fourteen percent and greece that eighteen point five percent both countries have been steadily boosting their minimum wages in recent years to differing results spain has been growing fairly quickly though not quickly enough to debt those structurally high unemployment numbers as reported recently greece has been hamstrung an effort to get their economy started again by new demands from the european union for an austerity budget and other measures to reduce labor negotiating power backers of the wage

boost hope that the rising minimum wage will put a stable floor in domestic demand and consumption under two of europe's shakier economies both countries have also elections coming up we've talked about those they're coming up this year and as the government of greece and spain have sought to raise wages just next door to the iberian peninsula protesters took to the streets in paris to protest what's called the government's use of austerity and regressive tax implementation as a yellow bester is movement that raged this week and yet again near the arc to try and present mccall and sought to avoid defeat at the hands of protesters taking a markedly tougher stance on their actions even going as far one at medina cochon nova is on the chandeliers say and brings us the latest developments on the damage from the french capital. one up here on saturday burnt alledge kiosks graffiti on some shops and set out windows i think reminders of what happened here just two days ago the chris masters were throwing rocks and rights

into the windows of the shops they also used to mala tough competent players and even pieces self pavement to damage some buildings on. heraldo pretties say that over ten thousand people gathered here and among them fifteen hundred extremists were identified over two hundred forty people were arrested and some eighty shops think looting some luxury ones were vandalized the french president kwan was forced to cut short his skiing trip to attend a u.n. emergency meeting as he summoned his top security minister and the country's prime minister also tweeted that what happened here on saturday was the work off not protesters but criminals the french president said that it was not a demonstration it has become a national security threat and now here in france the local officials are working

out and use such measures how to avoid and none other ways of extreme violence here on the streets of paris and yellow vast separate tacet for the eighteenth weekend so now it is unclear what may ease the tension and stop this violence here and the french capital. and it's time to squeeze in a quick break but stay with us because when we return there's a new gun slingers sauntering in big game as the goal why if google is set to challenge the video game market conservative commentator steve walz bird joins us to consider if google has the true grit to topple today's top gaming companies like bin tendo microsoft and sony and before we take a look at markets here in the u.s. we take a quick glance at the cac forty in france to see how it's been fairing in the midst of those yellow vests protesters take a look at that dip around mid december the protest movements kicked off in late november as we were just talking about and then as a protest continued over the following weekend the three elected in the index

outlook that's a huge defeat the air in december at the height of the protests but the cac is managed to rebound in the past couple of months and actually all. year to day and for the last year on a haul as we go to break here at the u.s. numbers at the closing bell we'll be back in a flash. is trump's america first agenda isolating the united states on the global stage sure looks like it and it is the e.u. telling its citizens what to think again sure looks like it. after the previous stage of my career was over everyone wondered what i was going

to do next but everything is familiar on the other i want of a new challenge and the fresh perspective and i'm used to surprising us all or not if you think. i'm going to talk about football not for you or else you can think i was going to go. by the way what is it that sliding here. what politicians do something. they put themselves on the line to get accepted or rejected. so when you want to be president and she. wanted us. to go on to the press was like before three in the morning can't be good. i'm interested always in the waters in the house. first sit.

through our body go oh oh oh oh it gets crazy oh. we've been a real good show. to begin murders like. sometimes community young people are deciding if they want to not like their parents not like them liberals. always struggle. you always have problems but you're not able to focus and walk is the most ubiquitous going out there most police departments use it almost services in the school tell to take a took her hands on thomas and twenty four hours. through it she shows kids both racism police brutality taking pride in and there are these kids are a part of history.

and welcome back catching up with the organization of the petroleum exporting countries or opec member states seem to be agreed that they don't need another meeting coming up and april as previously scheduled instead opec members have decided to leave production quotas at their previously calibrated levels reportedly planning on leaving those recent cuts in place until at least june as we've reported russia signed on as a de facto non opec partner on the production cost negotiating with saudi arabia from within opec opec's purse spokespeople indicated that their decision makers felt market fundamentals have not changed significantly since the last adjustment to the opec spigots many within the group are also reportedly waiting to see evidence of what affects the u.s.

to push venezuela that overthrow that government will have an sanctions against iran will have on global oil markets before revising the question of output quotas as you may have seen when we went to break in. west texas intermediate traded to new york mercantile exchange was trading around fifty nine dollars per barrel today brant crude in london traded at the intercontinental exchange was trading around sixty seven dollars per barrel today. and another oil sector news royal dutch shell has signed contracts with the governments of two government to govern expiration of offshore energy department shell will invest at least one hundred million dollars in offshore areas which cover about eight hundred eighty thousand heck to acres of surface water that's about two point two million acres in the caribbean depending upon the success of that process investment could eventually top six hundred fifty million dollars these options for these areas known as blocks took place under these procedures called created ex expedited procurement the president of

columbia's national hydrocarbons agency said quote the signing of these contracts revalidate the confidence of oil investors an exploration of our offshore resources in the caribbean. and we reported some major financial technology or fin tech news is our lead story today and there's more on that this time from china the people's bank of china or the p p o's see said over the weekend that it plans to develop a set of rules to govern and regulate then tech and become a major user of that technology for its own purposes of distributing credit and keeping borrowing costs low and managing systemic risk china is a vast frontier for fin tech with millions of workers having only recently entered the banking and finance system and many more are already in the pipeline at the same time many industry observers say china's fin tech firms will need firmer regulatory and support infrastructure from chinese policy makers to maxim why the

technology of potential this includes the areas of block chain and crypto currency that we've spoken about china is seeking to have a set of rules and regulations in this space is a big huge development and we'll have more on the story of potential impact in the coming days. and there's a new gunslinger sauntering into game town as google is set to challenge the hundred forty billion dollars video game market conservative commentator steve malzberg joins to discuss hey steve we're so glad to have you on this and what an interesting and fun thing to talk about what do we know so far about google i know you haven't released anything but you've been digging around what do we know well tomorrow in san francisco of art they plan on making their big announcement i'm a gaming expert from a far by watching my son over many years set up his game box hooking it to the t.v. buying a game at a store and sitting down in front of the t.v.

for hours playing that game well google is going to let users stream games to their own devices and you know smart phones laptops say or streaming box that connects to the t.v. if they wish and they're calling it cloud gaming so this could revolutionize just about everything in the gaming world well that is a differentiator for sure if you just go into google and you're getting it right right there and so obvious attribute but i mean how else might they distinguish themselves when you think about the big players there you think about. you think think about nintendo and. sony and microsoft i guess but i mean how will google other than that one thing which you mentioned going right from google's platform how else will they distinguish themselves to the eight hundred pound gorilla already in the space well they hope to reach a whole new audience because now like i said my son and everyone else will be able

to just use any device and any screen all it takes is a phone a computer or a tablet and of course an internet connection no costly console like playstation or x. box no you know buy. a game of downloading a file to the console it all change according to google and experts are calling it kind of a netflix for video game streaming so that's that's going to be the appeal you know games on the go but i was talking to people here in the studio before i came on what are you talking about today and i described it to them they said really even now i could play games across in the street walk in and they sit in the car take in the train it opens up a whole new world. when you say it is reminds me of all these people you know back in the day playing candy crush walking across the street so about i get picked off by inadvertent drivers well let me ask you i mean some of these ideas have been tried before assuming a lot of upstart but will this differentiator in google just having that you know

direct access to customers you think fettled make the difference. yeah absolutely you know this is this is been tried first of all google has actually provided a taste of this with their projects stream where where the games are they streamed assassin's creed odyssey on a web browser microsoft and amazon they're reportedly working on the same kind of game services microsoft has been selling game console for a long time and they're they're working on a game streaming platform and it's called x cloud similar to google's plan and for decades both microsoft and apple is on have used the cloud to run these games and there are reports out there part say amazon is building a cloud gaming service an in-house gaming studio that they have called new world which works on p.c.'s but could expand to streaming as well so it's a it's a competitive world out there you know i'm just thinking about it

a little bit as you're explaining it i mean and i love your you'd be a great don draper in games on a good games on the go what a great advertising title steve but when you think about that differentiator being that they have immediate access to the clouds and every cloud and everything i mean i think there's a lot of people out there who say i don't want to be in the cloud only playing games in the cloud do you think there is a significant segment of people that might just say i'm not looking to store my games in the cloud or is that just something they probably are concerned about no i think this this is going to fascinate a lot of people you know some of the drawbacks that customers are going to need a very fast internet connection to stream these games the video is a g four service suggest speeds of fifty megabits per second for full h.d. quality google needs to make sure it's cloud service is able to react quickly enough google doesn't really have any games out there part that's

a big problem sony microsoft nintendo they have a library there's no in-house content no you would talk about disney earlier. netflix's know we now scott that they'll have to partner up with someone like rockstar for get you know for a game theft grand theft auto or hire a you know they've hired a key member of sony's play station the p of development in europe and that certainly would go a long way in helping them you know develop some content because they're going to certainly need it while we look forward to following and microsoft will have to go off to talk about and so many of course steve malzberg conservative commentator what a fascinating discussion thank you great to see if my pleasure bar. and that's it for this time thank you for being on board with us we can you can always catch boom bust on you tube dot com boom bust our teeth catch a streaming twenty four seven on pluto t.v. that's the three t.v.'s channel one thirty two that's it for this time see an x time so on for now.

t.j. see us as because that's what happened as the comment about what he's done is still if they get a c.p.u. it gives it's not going to sell one thing is to be leaving j.c. bulis even more features for you don because it's good for the next two adduced to do even the books. join me every thursday on the alec simon chill and i'll be speaking to guests of the world of politics school business i'm showbusiness i'll see you then.

and i and i sell a bond against the brooklyn bridge and i sell a billion dollar. dollar bond against the brooklyn bridge club actually somebody's going to come and i say ok we'll deliver them the brooklyn bridge and i say why can't i don't have a deed just like in the two thousand a sub prime crisis there were no deeds for the houses that goldman sachs packard says collateralized markets obligations and then sold into the pension market and the wholesale derivatives market because they didn't have the db they were just making stuff up by pulling rabbits out of their hat and selling that as a yielding security to pension funds but there's nothing fair. and i want to do a shout out to get out one soldier that i. know that i voted for special which honestly had left it and i've gotten it was the one. that was up it was

a version of. the bush. years now and it doesn't say not to give them a second or how your name is out there what is meant and how much are you going to need to do the passage says they were poisonous and it was not imposed by now. and. then. you are trying to go oh oh dear it's great there's no. been a real good shots few begin murders controls all life. becomes or is lost community young people are deciding if they want to be not like their parents not like the liberals. you always hear problems but you are going to focus a lot it's the most ubiquitous known out there most police departments use it

almost over stores in the school tell that they could get their hands on economies in twenty four hours. we were teaching these kids about. these ilands six tougher gun laws for friday's shootings in which fifty people died as facebook faces questions over a. video of the atrocity. just days to go until the u.k. is supposed to leave the european union prime minister is in new setback. a third parliamentary vote on the. government prepares to ban rallies in certain areas after widespread vandalism and

looting. also dutch police arrested the chief suspect in a street car through them in. which three.