this is proven by broadcasting around the world in covering all aspects of our global economy in the 21st century and been formed and i'm 50 i know i think 10 years that's coming out today investment is a particularly important part of the response to today's challenges because it is both today's demands and tomorrow supplying eating meat and the rains as christine legarde has made her 1st speech in her new role today will break it down and what the future of the eurozone may look like under fresh leadership class. sure yeah. yeah tesla is back in the hot seat as its own breakable window well it broke it is granted view of the cyber truck just rather than really. for. now i think going through. yeah if it didn't work the 1st time do it again r.t.

4th one is there a month is the ok and lauren fix the car coach both take us through the latest must dust off and how those cracks caused tesla's stock to shatter you see it there we're going to have so much to get to today let's dive right in. and we begin with well we told you so european central bank president christine lagarde is making headlines friday as she calls for a new policy mix in europe just like we told you that she would as we reported the guard who has just taken over the top job at the e.c.b. has indicated that she would actually use the central bank though to push political policy in her 1st policy speech since taking over live guard says that the eurozone needs to create more of its economic growth at home as if it is to withstand the weakness abroad she says and become more balanced internally and that's what you'd likely expect her to say right but where things become much more political is when the guard also said that european governments should boost public investment. there

are some concerns that the guard will actually use her position to push for political positions that she once taken by european governments in her speech the girl went on to say quote we have a unique possibility to respond to a changing and challenging world by investing in our future strengthening our common institutions and empowering the world's 2nd largest economy. china revised its nominal 2800 g.d.p. up by 2 point one percent putting it on track to achieve its goal of doubling the size of the economy by 2020 from 2010 however as the economy is currently growing at its weakest pace in 3 decades analysts suspect that these figures have been massaged in order to achieve growth targets the new revisions included richer data points that showed more business entities and a bigger total as a phase and 2018 than assumed earlier so while some analysts remain skeptical the head of asia economics at oxford defended that an upward revision is neither surprising nor unreasonable as newly included sectors in statistical coverages tend

to grow quickly and outside of china revisions of the size of economies are almost always upwards from the revised all right so let's talk about these stories as we do each day because it seems like crystal is this china issue the numbers are being adjusted simply to make the case that the economy actually doubled right so how important is that to trying to get that marker enough that they would go back and try to revise forecasts and is that in order to you know bestow confidence in the market what's the point a big portion of it is going to be confidence because right now in the midst of all this trade war the leet the last thing china wants is to look like the trade war has affected its economy has derailed its growth plans for 2020 and has derailed its 5 year plan so china actually sets out these 5 year benchmark plans every single 5 years and so the last $1016.00 is the 13th 5 year iteration of this plan and so this benchmark is probably the cornerstone of the entire thing so in that respect it's fundamentally important that china meet those growth demands. so going back to your 1st story for

a stance like our appointment how my. have an impact while politics now play in her way well i think is going to play a big role in it and there's a lot of concern about this right because obviously she's taking pretty strong stands on issues like climate change investment in the infrastructure and into education within these countries the problem is that the e.c.b. obviously is a is a banking institution it is not a policy setting institution for sovereign nations and yet she's acting as if it is and maybe to some extent if you hold the checkbook and you have that kind of power you're able to institute some of what you believe is right now that there's a lot of people watching who would say it would be a good thing for the e.c.b. to push for climate change in some of these issues to be dealt with by sovereign countries whether you believe that or not the bottom line is it doesn't change the fact that you're a bank and a bank shouldn't necessarily be having that absolutely and so if you think that it's a dangerous pattern now because this is not the 1st one because janet yellen is the last economist because now what they point out in power he's also

a politician right so when you put politicians in those positions they love power you give them power and they believe that power gives them the authority and the right to reach out and kind of take control of issues and direct countries and that's not what they're there for so the entire world is becoming more politicized iscariot. bridgewater the world's largest head fund is making a big bet that the global equity markets will fall during the next 3 months fund purchase $1500000000.00 worth of options which will pay off either the s. and p. or the euro stocks 50 or both decline this comes at a time when all 3 u.s. equity indices reached a new all time highs boosted artificially by the continuous money injections of the fed and unfounded optimism over trade the options have a notional value of $100000000000.00 and chatter on the street is wondering if this is a directional bet or simply projection against his long equities portfolio other titans on wall street are also bracing their portfolios citing global slowdowns and the

potential fallout in the event of an. elizabeth warren presidency key square capital management founded by the former c.e.o. of soros also has massive bets against the u.s. dollar in a variety of currencies. futures were lifted around the world friday as china renewed efforts to work out a phase one deal with washington however games were limited as all of rant was not reciprocated by the u.s. prompting the market to position cautiously in case as another break down the molex get out again as russia's economic growth reached 2.2 percent in october supported by 13 national projects covering everything from health care to education to infrastructure now these projects i meant to boost economic growth to try to get above the world average by 2025 over in shanghai the composite is down 22 percent as mixed messages from beijing and washington continue to swing sentiment from one

extreme to the other this seems to be the new norm as traders have grown accustomed to the lack of clarity counting down to december tariff deadlines so the market losses actually happening quite muted and since the us is giving china so much trouble over by dance acquisition of us social media musically china is now returning the favor monitor a u.s. based chip maker in its attempts to acquire chinese company light on semiconductor also citing national security concerns over in japan the nikkei was down point 8 percent as there is no significant data released this week the region is now entirely focused on trade concerns and hong kong neither of which are inspiring confidence in the market participants chinese v.p. the deal has invited the u.s. to beijing for another round of negotiations but it's not entirely clear whether or not the invitation has been accepted the markets are now they held hostage by trade and even if phase one gets done the same story will continue just move on to german cars or japanese exports hong kong surprisingly ended the week up in the green as

the markets. proved to be resilient in the face of all the shorts year to date it's just up 2.4 percent down from 70 percent at its april highs however there is still more downside risk from here with the threat of us signing a bill into law and if that happens investors will be hesitant to take on risk a weakened r. and b. also makes it more challenging as the composites companies gets about 64 percent of its revenue from mainland china in india the sensex in india search an all time high wednesday led by gains in reliance industry india's most valuable company telecoms also got a boost as it announced plans of raising calling and data tariffs in december. down australia the assets was down 1.2 percent as a trade war has no end in sight export oriented names led to kind with tech mining and health care getting pummeled and finally the shares and south africa was up marginally as n.x. was still being held down by global had when's and weakness and the rand but

locally resources left of the index back up ending the week pot relatively unchanged now over to band with the rest of america and europe all right christine thanks for that well let's start over in europe where both the cac and the dax were down this week let me just give you a spoiler alert alert here everybody was down this week and most of that's over the u.s. china trade deal and this news that came out this week that phase 1 may not be reached this year most week we're down we get up on friday i'll tell you about that in the 2nd over in the u.k. the footsie finishes the week nearly even and that was things to a big rally on friday where london's main stock exchange actually had its best one day gain since july the footsie just 1.4 percent the index is headed for a weekly gain of 0.5 percent all right but some time to brazil right now we're over at the vest they are up for the week friday was a good day for the market thanks again to comments by president trump on friday that the trade deal with china is close but the overall gains this week were really pushed by petro brass the country's state owned oil company state owned shares forward nearly 4 percent thanks to higher oil prices abroad as we go to the

americas over in mexico the b.m.v. was actually down this week and really no big surprise here everybody is down across the americas and again it has to do with that phase one of the u.s. china trade deal maybe not getting done this year it actually kept the new york stock exchange and the s. and p. down but the s. and p. actually nearly evened out because on friday on fox and friends the president made an appearance and actually said that he. potentially that's the word to use potentially very close to a trade deal so on friday everybody comes back up as for the nasdaq it actually finished for the week down it was dragged primarily by a 7 percent slump in shares of tesla as its. electric pickup truck design received an underwhelming response and that's a whole other story in that itself in fact we're going to show you exactly what happened coming up in a few minutes he doesn't want to see it and finally as we go north to canada the sex was actually down this week canadian retail sales were down 0 point one percent

in september from august matching estimates data from statistics canada showing that they excluded motor vehicle and car stealers and gasoline stations but sales actually rose 0.7 percent oil prices they were boosted by expectations that major producers would extend production cuts for u.s. crude oil futures and that wraps up this week's market walk. time now for a quick break but hang here because when we return those back in the limelight but maybe not the way they hoped far. as nails and lauren fix the car coach both take us through it latest media and how the company is. now to get a break here the numbers at the.

transparency has been obliterated. sound accounting has been obliterated. economic policy that is tied to any economic school that makes any economic sense has been ignored and obliterated the rule of law has been a little everything having to do with the sound. board to get her to a higher level and getting to higher level but at what cost. but you need to tie it into the clues.

you're going. to want to think about if you're. going to come.

and welcome back australia's 2nd largest bank is saying sorry about the money laundering seriously at the board of westpac banking as apologize for 23000000 breaches of money laundering laws but continue to stand by management the board met to discuss allegations by all strata that the bank ignored red flags for years including payments between known child exploiters the bank's chairman lindsay maxton said that the bank will hire independent experts to overhaul its anti money laundering systems might be a good idea the bank has also started with discussions with community groups they say about how to fight. child exploitation the scandal triggered calls for resignation of top executives including the bank c.e.o. but so far no one has actually been forced out. when you're so high up and get knocked down it's a long way to fall and that's what's happening over out we were where every single day there's another crisis we work is now laying off $2400.00 employees

representing 19 percent of the total workforce the company has continued to reporting over $1250000000.00 in losses for the 3rd quarter that's 3rd quarter 3 months now adam newman is 1700000000 dollars golden parachute for stepping down from c.e.o. of the company could be slashed as soft bank is looking to downsize the $9500000000.00 rescue deal bad optics for the x. c.e.o. to be so rewarded at a time when they're downsizing a former we work employee is also suing over newman's parachute arguing that the consultancy payments are beyond comprehension given that the company's i.p.o. collapsed and the valuation plunged on his watch. tesla days reveal is under the microscope as there was a bit of a hiccup during its reveal for the much hyped cyber truck design this week here to help us break it all down and what it means for the company we welcome our t. correspondent. tesla c.e.o. ilan musk said he wanted to try something different and that's exactly what he did

so if you ever pictured a pickup truck this probably isn't what you expected now the design looks like it comes out of the movie back to the future and they even design an a.t.v. to go along with it the exterior skin is very strong and bulletproof and won't scratch but the breakable metal glass windows will they don't quite perform as well during the demonstration. front you try to break this glass please. sure yeah. well. maybe i was a little too hard. well that actually didn't happen just once it happened twice when from the back window must chuckled and said there's always room for improvement so it's safe to say musk was a little embarrassed and shortly after life stream ended tesla's youtube channel

changed its privacy settings tesla is offering 3 versions of the cyber truck ranging from 250 miles fully charged while the more expensive version ranges from 500 miles fully charged but here's another surprise the base version starting at just under $40000.00 now the exterior is made from a newly developed stainless steel eloi it's the same metal that's used for space x. rockets much like the one you see here now the cyber truck could also benefit space x. his work on took to twitter said the pressurized edition will be the official truck of mars this could make both tesla and space x. efficient for cross production and of course engineering but the unveiling took twitter by storm as the cyber truck was mocked and compared to all sorts of wacky automobiles and even toys the cyber truck is expected to go into production in late 2021 reporting from boom bust sarah montoya. so much to say about this but joining us now to talk more about the tesla cyber truck and other auto stories is the car

coach lauren fix lauren glad that you're here ok can we just start with this nonsense so so. first of all i'm from texas a originally it's not a truck so we shouldn't call it that but looks like i agree a moon rover right that's essentially what he made but let's just be glad they didn't decide to test the bulletproof part of it during that to this because my gosh i mean how do you set this thing up and have it fail and fall on its face so badly. well 1st off i consider it a cross between a pontiac aztek a chevy camaro. laurean and all 3 together it's a failure i mean people in the auto industry were actually laughing at it and we're not trying with a bullet through side of it 1st off if you're driving in neighborhoods or you're going to get shot at don't go there that is not your neighborhood call the police you should never be in a situation we need to own a vehicle is bulletproof now if you're using it for military spec or you know yours some reason someone shooting at you that's a whole nother animal but i can't believe the take rate and that is very much and

you know those followers truck you're right i own a one ton truck we use it for what trucks are meant to be used for working and that is not a working truck it's more of oily and there is a lot of jokes about it on the internet as far as trucks are concerned what are you looking for you know this towing capacity payload capacity what i can haul how to tie it down and offer a capability unless you're thinking about is 0 to 60 times and when he's talking about how he compared it to ford products throughout the presentation you can see that the leader is ford motor company the f. series truck has been the number one selling vehicle for over 40 years behind that is ram truck and the chevy silverado and then coming out of market in full lectures you've got bowlen ger who's making product in detroit and that is funded by a self funded no government money and then reveal which is funded partly by ford and a couple other companies that have funded it so there's no government funding going on ravines are won t. have actually reviewed pretty impressive vehicle and he's coming on the market with

some that looks like that it's going to be really difficult to compete because consumers like cars of luxuries and that cars all but minimalistic and what they showed you is no side mirrors no tie downs it's missing a lot of things that people need in a truck that's absolutely true just real quick if i can also say and you mention the bullet proof they might actually been in places where people didn't need bulletproof cars and you don't get one for $40000.00 if you need one i mean how do you know that you know there's a millionaire. the idea that it is a price efficient bulletproof car is nonsense we're going price of fish in pickup truck inerrantly right well also note that the reason of the glass your time with the glass not holding up when you were talking about that the reason that you saw it they use safety glass on a windshield you safety glass of your were going to accident the windshield cracks but holds its shape for on a side window you had a car broken into or you know someone that has it's tempered glass and little pieces of glass go everywhere yes and that's actually good because you need to get out of the vehicle if you're flooded some emergency the car's got

a problem you can get out you can't get out of a vehicle that is safety glass because even though you've cracked it like you saw kicking it out is not so easy now if it's bulletproof and god forbid you're in a situation where there's electricity involved or water or both and you need to get out of that vehicle going to be able to get out of the vehicle because not even during handles and this is a real concern with 1st responders policemen and firemen as well they don't like things that are too convoluted like that because they're looking to save you and if they're afraid to get to the vehicle and hurt themselves along the way it could be a bad situation everyone would say where's fronts only friends can give us a definition going right exactly so now let's go let's move on we've got a lot to talk about as about let's move on to chrysler they brushed off a lawsuit from general motors saying that it's confident of reaching a binding merger deal with the p.s.a. group but they by the end of the year so do you believe that this deal will be reached and how significant would it be. i mean this is a huge deal that p.s.a.

would just to show it's also opel which used to be owned by general motors which is why you see general motors attacking the situation there's also some other brands under that and then of course chrysler includes ram chrysler dodge and jeep and ram trucks so that merger together that makes for a very strong situation bring peugeot vehicles maybe not under the name brand but that product into the marketplace for some of the older models like the course or 300 that's been sitting there forever and never got enough face to it charger and challenger. maybe some s.u.v.s bringing in that vehicle will be great and will also allow for electric vehicles to merge in with the chrysler to help them with some government regulations this will go through even though general motors has accused them of record tiering which i think is a bit far but they claim they actually have a reason to believe that this is true and they're going to take it to court i don't think it's going to impact the merger whatsoever and i think it's probably not a bad idea some of the on in india the auto economy now has been slowing for the last few years but new numbers from the federation of automobile dealers

association shows that during this year's $42.00 day festival season retail sales actually fell 2 percent the worst sparing our motorcycles and scooters so what's behind the slowdown there. that has to do with the economy when people are buying scooters which is their main form of transportation and bicycles that's an actual direct indication that the market's being impacted by what's going on in the economy there's a lot of regulations been put in place a lot of taxation involved and of course there are economists and doing that well i mean you're looking at the full year you're looking at a drop of nearly 14 percent in total sales that's huge and they need to turn that around and maybe it's too much regulation maybe it's too much taxation against their consumers and they're not buying they're sitting on their money or are you out of the los angeles for the auto childress week i just got back on a ride i saw yes i am now officially back but i did spend the week there and got to see literally everything ok i was going to say so the moon rovers aside let's forget about that tell us about some of things you saw there that are impressive.

ok i know that ford brought out their mustang maki i'm really not a fan of the word mustang attached to marquis i think they're full electric s.u.v. are crossover type product looking inspired by a mustang is fine. stream lee i'm happy with the name mustang being attached to it they don't care about the look they don't care about the logo but the names got to go moping the listen to us me being one of them that's a huge mistake an iconic brand can't afford to be tied in with an electric vehicle name we also saw the land rover defender and that's something that people in waiting for for a long time that is a gasoline powered vehicle they will have a hybrid coming out later and it is all new top to bottom and this is going to be something that is going to be very popular coming in that mid 30000 dollar range is good for the land rover range rover lineup and it sort of rounds out their complete lineup in addition audi brought out some electric vehicles but at the same time like every manufacture why they go electric on one direction they go performance on

another so why they brought up their electric try on larger version of the coupe they also brought out the audi a r s 6 of ont which i actually might have to buy one of these it's a $650.00 horse power station wagon and it looks cool and they also brought out the r s q 8 which is the full size 2 row s.u.v. and it is really cool looking because audi is really known for performance and there was a lot of other great product in there as well you got to blew my mind when you said looks cool and station wagon in the same sentence it was more oh it's really good i call it an avant or a shooting brake i need somebody at the central for more normal vehicles as well and brought out the x. with an s. trim package so there's a lot of product being put out there but again constantly polarizing of all electric performance are brought out in l.a. fascinating keep up with the car crash thank you for being here. thank you. finally today a rare copy of the very 1st marvel comics comic book was sold at auction for 1260000

dollars the comic book in question a near mint condition marvel comics number one from 1939 was sold on thursday by heritage heritage auctions in dallas texas the issue features the 1st appearance of some of marvel's most iconic characters including the human torch and the submarine are the less famous one submariner the book was initially bought at the newsstand by a mail carrier and is only changed owners a few times the book was kept in excellent condition and was rated at 9.4 out of 10 several comic books have sold for more than a $1000000.00 at auction including amazing fantasy number 15 and other marvel comics which features the 1st appearance of spider-man and its all for $1100000.00 in 2011 by the way the highest price ever fetched was 3200000 for action comics number one the 1st ever appearance of superman which reportedly sold on e bay back in 2014. i saw that's the part that i really don't understand who would

actually buy this at the auction there are so many other things i could get like that and the new test like you've. all been saying are just you've got to be a good super fan obviously to to do this stuff but it is it is exciting to think that you're tracing something back i think back to those the origin of those characters right because it's so iconic and it does i'm not a nerd that likes this kind of stuff but it's iconic enough i think that it transforms culture and society but the fact that it's an excellent condition ketamine so whoever bought it actually didn't read it that's a fact that by this time you can had been best on direct t.v. 3 channel 321 dish network how to 80 or screen 247 unclear to me the free t.v. ads how to 79 or hit us up on you tube dot com slash boom bust r t will see you back here next a. good

food description sound up to tell using even for the owners so how to choose just pet food industry is telling us what to feed our pets really more based on what they want to sell us than what's necessarily good for the pet turns out may not be associate people believe we have animals that have you know diabetes in arthritis they have auto immune disorders these cat allergies we are actually creating these problems it's a huge epidemic of tom's and i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets last treats the larger corporations are not very interested in proving or disproving the value of their food because they're already making it a $1000000000.00 on it and there's no reason to do that research. i have

concern about new technologies and i think society should and i and i try to help them get gauged in those concerns. but we also should have concerns about doing nothing doing nothing is extraordinarily risky in a world with some point 5000000000 people at a series of. instant technologies that are not necessarily suitable for tomorrow. what politicians do listen to them. they put themselves on the line they did accept the reject. so when you want to be president and she. wanted. to go right to the press this is like the full story in the morning can't be good. i'm interested always in the waters and that's how. this city.

is a little. out of the. supporters of bolivia's ousted president clashed with police during the funeral of a killed protester we speak exclusively to adam or alice about what is happening in his country. i was called an employee terror in ruling a dictator but this is not so these are real dictators on the other hand you generations will now understand what a real dictatorship is. the latest a star witness at the trump impeachment hearings claims that russia is planning to meddle in the 2020 u.s. presidential election we assess whether democrats can attract voters with and without warning.