just manufactured them sentenced to the public will. when the ruling closes protect them so. when the flaming. lips lose the will. we can all middle routes to. the real news is. you know i can say that i own for example all the brooklyn bridge and i and i sell a bond against the brooklyn bridge and i sell a billion dollar multibillion dollar bond against the brooklyn bridge twelve actually somebody's going to come and i say ok we'll deliver the brooklyn bridge and i say why can't i have a deed just like in the two thousand and eight sub prime crisis there were no deeds for the houses that goldman sachs packers says collateralized brokers obligations

and then sold into the pension market then the wholesale derivatives market where they didn't have the deed they were just making stuff up pulling rabbits out of their hat selling that as a yielding security to pension funds but there's nothing fair. this is boom bust broadcasting around the world in covering the world of business and finance and the impact upon all of us you me the guy behind the tree everybody i'm part children 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 the first quit digging right well dick's sporting goods wants nothing to do with that strategy as far as the negative impact on. revenues as

a result of slowing sales of assault style rifle ammunition danielle shea have set for trading joins us to discuss it a few other companies including netflix is in the news today plus. the tourist unless tourists from the middle east don't know how many hotels from have in my last post and before where we had sixty percent last as this one on the steps and. the yellow bester they continue to protest the store on the streets of paris as president much more prone enjoys snow snow can you believe it is honest being tripped can't make this wall so examine how the marches have been able to stomp on markets artie's medina coach a nova brings us the latest on the plight of news from the french capital and later there's a new gunslinger sauntering into game town as goliath google is set to challenge the video game market conservative commentator steve malls 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 get 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 pay 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 permission services c.e.o. gary norcross emphasized the size of the burj 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 play stock 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 president harb also narrow of brazil is here he is 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 are 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 rocket launch site on brazil door there in atlantic coast which serves as a hub for many satellite launches and is operated by the brazilian air force mr burleson era will also look to bolster brazil's tourism by seeking waivers from u.s. obese or 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 to stop 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 through 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 those reduced firearm sales well now the company is doubling down and going to stop selling even more guns and ammo here discuss the move in the impact upon the company and its stock as a director of auctions that support trading danielle shay danielle for. welcome

back oh we love having you on and we've talked about dicks 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 thought the biggest issue with sticks in the stock price do you think they're just you know doesn't want to have anything to do with it and stick the c.e.o. there you think you just say you know look my my policy position on this is 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 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 i 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 stopped early slowdown on selling firearms at some of their big service centers and we know one thing about that. so wal-mart is definitely an interesting comparison because while you look at dick's and you say hey you know it has about seven hundred fifteen stores wal-mart you know i've got over four thousand stores and they do sell more

firearms and wal-mart than they sell in dick's so i can i can see that having a potential impact but just like you are stating the majority of guns are not sell sold in big box retailers so i think that's interesting that they're taking the lead that dick says are already made and we're going to see what happens but at the end of the day wal-mart has wal-mart us wal-mart 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 it's a lot brighter than that number daniel let's shift to netflix because there was a very interesting story about how j.p. morgan chase researchers think that disney does they will ultimately stream more than the current sultan of streaming netflix the company netflix has been doing pretty well for the past year trading coincidentally at twenty 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 a long necked flicks 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 and now they're going to go and create that streaming service so i actually think that net disney 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 buys 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 buy it's a new all time highs then yeah we sure appreciate you being on as always the end of the director of options is 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 best 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 as to call this weekend's events quote

a damage to the republic r t correspondent medina cochon nova is on the chandeliers say and brings us the latest developments on the damage from the french capital. one of them. something to say after some extreme riot saying that happened 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 right into the windows of the shops they also used amal itself cocktails flares and even pieces of pavement to damage some buildings overall 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 un 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 often 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 nother wave of extreme violence here on the streets of paris and yellow vast separate passage 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 is google is set to challenge the video game market conservative commentator steve walz burge 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 the protests continue over the following weekends it's. reflected in the index outlook that's a huge depth there in december at the height of the protests but the cac has managed to rebound in the past couple of months and actually off year to date and for the last year on a whole as you go to break here in the u.s. numbers at the closing bell will be back in a flash. officer

. to get up off the ground begin to tear down the. democrats on the sounds of. the grown man like wrestling essentially. trying. to push through away from the officer of the toy out of his group. the obvious or did they kind of lunge for the weapon once missed and then when it happened on tree swung as i didn't hit him i never saw any contact between the two and kind of went back to where they were so the officers back here they're going again fifteen feet apart at this point and that's when the officer pulled out his gun and he did it on three. you know if i can say that

i own for example all the brooklyn bridge and i and i sell a bond against the brooklyn bridge i sell a billion dollar multibillion dollar bond against the brooklyn bridge twelve actually somebody's going to come and say ok we'll deliver them the brooklyn bridge and i say why can't i have a deed just like in the two thousand a sub prime crisis there were no deeds for the houses that goldman sachs package says collateralized markets obligations and then sold into the financial market then the wholesale derivatives market where they didn't have the d. 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. after the previous stage of my career was over everyone wondered what i was going to do next the hope of all different groups on one hand it is logical to sort of go from fields where everything is familiar on the other i want to the new challenge and the fresh perspective and i'm used to surprising them by salt or not so you think.

i'm going to talk about football not the or else you think i was going to do. by the way what is it that slide here. through all fighting oh oh oh oh oh oh dear it's crazy oh. we've been a real good shots few begin murders controls all life. becomes or lost community young people are deciding if they want to be not like their parents not like the liberals or. the blacks always drugs school again you always have problems but you are going to focus a lot is the most ubiquitous going out there most police departments use it almost

over. susan score tells her poker took her hands on this and twenty four hours. through it she chose a bow racism police brutality taking pride and there are these kids are hard. headed welcome back catching up with the organization of the petroleum exporting countries or opec member states seem to be agreeing 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 cause 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 and sanctions against iran will have won global oil markets before revising the question of output quotas as you may have seen when we went to break west texas intermediate trade in 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 other 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 would 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 and vestment could eventually top six hundred fifty million dollars these are pictures 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 c 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 policymakers to maximize the technology potential this includes the areas of bloc chain and cryptocurrency that we spoke 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 on the 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 while google is going to let users stream games to their own devices and you know smart phones laptops 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 ad tribute 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 gorillas 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 a tablet and of course an internet connection no costly console like playstation or x. box no you know buying a game and 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 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 taken 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 about to get picked off by inadvertent drivers well let me ask you i mean some of these ideas have been tried before i assume there's a lot of upstart but will this differentiator in google just having that you know direct access to customers you think that'll 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 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 i don't play in games in the cloud do you think there is a significant segment of people of my to 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 has no way to house content they'll have to partner up with someone like rockstar for get you know for a game theft grand theft auto or higher right you know they've hired a key member of sony's play station 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 it and i want to talk at some other time steve about you know how this might impact intend and microsoft will have to go off to talk about and so many of course steve walz were 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. welcome to next as are plentiful survival guide. looking forward to your attention to. this is what happens to pensions in britain delegates. watched as

a report. join me every thursday on the alex simon chill and i'll be speaking to guest of the world of politics sports business i'm sure. i'll see you then. i want. a shout out to get up on soldier that i. was honestly had left on the book and it was on one. of those of a publisher. because it was just. you know down so not just to make a second or how you met and myself it was no matter how much of the who committed the passage says it was nothing and it was not imposed by me.

the only rumor to her groove right through from saul via times nursultan nazarbayev analysis his shock resignation as the president tells us the. answer coming up in the program this hour of programming priorities was facebook too slow to stop the spread of footage of friday's must shooting at mosques in christ church but too swift to secretly silence because of political views it deems unsavory. if i put certain stories about certain political issues i am shadow in bed so that's what my concern is when they continue to ban these kinds of things can ban this kind of stuff that's only going to perpetuate chateau banning. the venice.