the. you know world of big. mob and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for washington closely watching the hawks. broadcasting around the world in covering all aspects of our global economy in the

21st century and i'm christiane washington here's what's coming up today. likes of which we have never seen before i did this despite a near record number of rate increases and quantitative tightening by the federal reserve since i won the election 8 increases in total which were in my opinion far too fast an increase and far too slow a decrease. by continued tax from president the federal reserve has signaled that it will not flush interest rates again this year barring a serious answer that haha was done by mccain lend us a hand full day of the breakdown the fed's plan and how the economy may fare during the holiday season. in the wake of the we want to venture capital is looking to safer investment for returns on their spending investigative journalist than one is back today to show us the fanfare for silicon valley and whether he's been a. and i just

a fairy tale and later we take you to new york city where streaming has managed to save a movie landmark in the big apple but what consequences could this have for the film industry as theaters and production mergers artie's trinity chavez is on the ground in new york to bring us the latest on netflix to dive into the screening sector we have a lot on board today so let's get right to it. you noted states federal reserve chairman jerome powell on monday insinuated that there would be no changes in federal interest rates in the coming months comments came or which took place during an address to the greater providence chamber of commerce in rhode island come as the fed has cut rates by a quarter percentage point 3 times since july of this year the fed chair said policymakers are focused on meeting inflation goals adding it is essential that we at the fed use our tools to make sure that we do not permit an unhealthy downward drift in inflation expectations and inflation we are strongly committed to symmetrically and substantially achieving our 2 percent inflation objective so that

in making long term plans households and businesses can reasonably expect 2 percent inflation over time paul's comments come just 2 weeks before the next fed policy meeting which takes place december 10th and 11th now kristie i wanted to ask you the question why is this 2 percent interest rate so important a federal reserve chairman so essentially the fed was created with 2 mandates they have to do a man is which is one to maximize employment and the 2nd one is to stabilize prices for consumers for businesses so that as i said that these guys they can expect what what they need to spend in the coming year so by setting an inflation goal of 2 percent is actually the normalized rate of the united states since 1905 and so since they formalize that rate in 2017 that has been the goal of the fed ever since and now we've also you know like i said he's not looking at more fed cuts here but we did do 30. the last 6 months or so have they worked for the economy they have

worked on an artificial level in terms of bubbling up the economy so what lowering the rates did it made it they made debt easier to get it made it easier for people to take on more loans made it easier for businesses to increase their spending the hope is that trickle down economics is that these businesses would then take their money and start putting investing into cap ex investing and hiring more labor and thus climate which is the other mandate of the fed we have not seen that however because employment is actually down consumption is down and right now 3rd quarter earnings 95 percent of earnings are out and there has been a negative 2.3 percent earnings for vision downwards so we have not seen it and yet the equity markets are all time highs it's fascinating stuff and chrystia you and i could talk about this all day which we we actually mostly do but let's bring in our good friend horwitz chief strategist at bubba trading to join this conversation but thank you so much for being here let's start it off what do you make of polish

comments regarding the current state of this economy. well i mean you know in my opinion pollers phrase of the clueless i mean the whole federal reserve should be abolished but let's get to what we have we have to deal with it so at the end of the day we've got higher rates which is fine now we're not creating more liquidity for love for borrowers the borrowers really have to go to outside sources where the banks are now buying those loans which are creating a lot of more bad debt but overall trying to traumas case right reg should come down because of what the russell rule is doing this is the manipulation of the central banks globally that are trying to force currency and rates down to 0 and of course we are basically borrowing that money is the fed if we pay and are buying our bonds guaranteed by the full faith the drudgery of the government so what they're doing is they should be able to bring rates down is deliberate drek money in this country however they really want by what they're supposed to go we've got low unemployment we've got suppose growth we've got all these things going. rates

should not be coming down based on those districts alone but of course they will because they're trying to keep up with the rest of the world by manipulating our dollar lower which they have to bring rates lowered to do that while the restaurant is lowering their interest rates and germany higher is also holding steady so why can't the us just take a leaf out of germany's buck and start modeling the economy after them. well i mean you know i think that the real problem here is because the use of the entire global economy is melting down ok and you get every basic bad major economy with negative rates right now you get everybody willing to fiddle around with their currency which is the whole big fallacy of the currency system so when trouble is saying what we what we should be seeing is to bring our rates down because again we are borrowing that money and when we take though that money on our treasuries we're borrowing it from somebody so why should we pay want to have our 2 percent or whatever happens to be when it's really not necessary so we'd be actually lowering our debt load so but if we look at just this country alone then the rate should be

higher than they are now because certainly you can see by the peer to peer lenders and by all these 3rd party lenders that they're getting a lot more than what the banks are lending for now but i actually want to make a little bit of a transition here because you know we're heading into the holiday season here we have one of the biggest shopping days of the year and black friday coming up now retail has continually take up hits as commerce giants make big plays for consumers cash the likes of target and best buy or try to recover as they beefed up their online presence and even attempted to make it easier to purchase things ahead of time and go to the store and pick them up however department stores like macy's and kohl's have faced struggles where do you currently see the retail sector here in america. well i think the brick and mortar as we know it you know a store in every corner all these shopping malls i think is over however the target's walmart's in stores like that they will they will succeed just fine is that we can see by their most recent earnings and their performance of their stock prices they're. you know people still want to go to

a store which is the model that best buy actually built is that aside to build the showroom basic stores we can then go out and buy the product online it is still going to be a lot of competition and i think over time it's going to be you know instead of 5 or 10 percent online it's going to be 60 to 70 percent online buying because again people like the convenience of buying online. so another conference by reported tuesday that the consumer confidence actually fell for the 4th straight month falling to 125.5 this month but the national retail federation expects sales to go up by 4 percent this holiday season so how can you see growth when people don't even have the money to spend. well again of us and we are we are a buy them on society and with if you had a credit card and it's got room you're going to buy and you're certainly not going to cut back into the christmas season you're going to overspend i mean there are still people paying off last year's christmas bills and of course that's the whole scheme of their credit card companies that juice up these rates or the special

deals they make you know if you're interested pay with a $90.00 days well nobody plays with 90 days of these that so they end up paying multiple usury rate type of rates and that's really what happens but again when it comes to christmas people are going to step out and buy it at their work and they're going to make sure they have enough money to buy for their kids or family or whatever and that's just the way it is i mean we're going to see big sales again the real question is are the retailers making the right profit margins so that would be the bigger question here is are profit margins good the numbers are going to be big now the question is will the profit margins be good and bubba's tell us right now spend money pay for it later just like a government thought bubble horowitz thank you so much for joining us. now in this lifetime have a great holiday goes thank you. china a $6000000000.00 tuesday in its biggest ever international sovereign bond sale doubling that of last year's issuance and helping to satiate the global investor

demand for higher yielding dollar debt yields on china's 10 year u.s. dollar bonds are at 3.2 percent compared with the yields of the us 10 years which are returning less than 1.8 percent the finance ministry sold the bonds in 4 tranches as it took advantage of the cheapening costs of the market rally this year has driven global banja of the sharply lower. are significantly decreasing the cost of financing compared to last year this move also helped improve china's bond yield curve now on the trade front top negotiators from china and the us held telephone conversation tuesday to discuss core concerns for the remaining matters in phase one chief among them is the rollback of existing tariffs on chinese goods while it is hopeful that the 2 sides continue to keep in touch with more discussions the risk of another escalation is not off the table the passage of the u.s. as hong kong act now raises the possibility that china could take more hardline stance in the train talks. german chancellor angela merkel and members of the

government of her government are facing criticisms from the u.s. from the u.s. ambassador over their refusal to ban walk away from being considered for 5 g. implementation in the country the confrontation began as german minister for economic affairs and energy peter meyer was commenting on the concerns that the chinese telecom giant would be required to hand over data from its networks to chinese officials if need it mr meyer pointed out that in his estimation this isn't too different from the way that the united states requires companies to hand over information in an effort to fight terrorism and brought up the fact that the n.s.a. had tapped chancellor merkel's phones which was revealed in 2015 during an interview with german political journalist and will mr meyer said i recall during the n.s.a. affair when i was chief of staff for merkel how you continuously investigated how unreliable and untrustworthy the us government was and we didn't impose a boycott there either this comment prompted u.s. ambassador to germany richard good to issue a statement saying there is no moral equivalency between china and the united

states and anyone suggesting it ignores history and is bound to repeat it later told there should be eagle the comments were an insult to the thousands of american servicemen and women who contribute to the defense of germany. time now for a quick break but hey have because when we met. in the wake of the we work to venture capital is looking to see returns on their spending investigative journalist bands one is back today to show us the future of valley i wanted these unicorns are just a fairy tale. to take you to new york city where street has managed to save a movie landmark in the big apple but what consequences could this house for the film industry as theatres and productions emerge artes to the causes on the ground in new york and bring us the latest on netflix and dive into the screening sector and as we go to break here are the numbers.

this is a story about what happens auster a stray bullet kills a young in the street. happens to have daughters and. the mother daughter is buried in a cemetery. what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on him and what happens in court. as far as i feel. we don't know just for the.

end of this. we. know. much of the powerful and. then you have the record and what we have done is to try and identify something happening in the brain where the explosion of the ripples took the death of your consciousness. ali baba's debut in hong kong on tuesday is pricing out $22.50 a share in the world's largest listing so far this year to a very receptive crowd 5 years ago ali baba raised 20 $5000000000.00 in new york city and now this listing raised another $11300000000.00 in asia making it easier

for investors in china and elsewhere in asia to trade books were oversubscribed on both the institutional and retail tranches with shares surging 6 percent on the open and in the day trading at 6.6 percent above its listing price it was a risky move. the list in hong kong at a time when a lot of people have lost confidence in hong kong as a market amid the unrest and riots the listing was originally planned to raise as much as 20000000000 dollars when i 1st filed for the listing in june but plans stalled and were scaled back as a result of the political crisis but with the success of the launch tuesday this listing symbolizes a vote of confidence by beijing in hong kong's future as a financial center in spite of the recent hostile climate ali baba is china's most valuable company and this listing follows a record breaking single day where it recorded a turnover of 38000000000 dollars sales in the 3rd quarter were also up 40 percent year over year bankers still have the option to trigger the green show over

allotment within one month of the listing and if they do it would increase the number of shares of the offering another 15 percent bring the total raise up to $12900000000.00. chrysler and peugeot owner p.s.a. will sign a merger agreement in the coming weeks according to a communication sent to employees of both groups obtained by reuters once the deal is finalized the resulting company will be the world's 4th largest automaker chrysler chairman john commented on the situation last week saying expected a binding merger deal with the french automaker by the end of the year now meanwhile and other auto related news south korea's hyundai said tuesday it has signed a preliminary agreement to build a new factory in indonesia the automaker is planning to invest $1550000000.00 in the indonesia facility from now until 2030 with the funds going to produce product development and operational costs the factory which will be the 1st for one die in southeast asia will start production in 2021 planes and to manufacture 150000

vehicles yearly with ambitions to grow that number to $250000.00 per year. and has been a crazy year for tech companies in silicon valley and some of the most impressive and high flying companies like we work have collectively a lot. $100000000000.00 in value just this year alone the biggest reason for that those companies just didn't turn profit instead many startup tech companies survive solely on venture capital investment so for all the talk about growth market share and continue plans for expansion these companies have done something new in the market which is to never actually make any money for their investors now a number of companies are moving away from proving that they can grow to proving that they can actually turn a profit the new reality for tech startups is a demand for restraint and good business practices in fact even subtle signs of restraint are notable in an instant that has been on a tear for the past decade keep in mind a no u.s.

venture capital investment has jumped from 27000000000 in 2009 to 138000000000 in 2018 so why it's not just justice as investigative journalist ben swan so for companies like we were one of the biggest talent that they have run into again this year losing roughly $100000000000.00 in value. it's an incredible number isn't aggressive and when you think about 100000000000 dollars of value but look at you and i have talked about this quite a bit it's sustainability right these companies have not designed a way to be sustainable long term lasting companies because they are built upon unsustainable models where they don't make money and imagine this idea what you what you just read imagine the idea of a company saying it is more important that we not grow so fast and take all this enormous amount of of customers it's more important that we can turn a profit who would have ever thought we reached the point in any kind of business. system or infrastructure where that becomes a isn't that like the most fundamental basic building block of any business is to

be able to turn a profit absolutely but now these unicorns which have valuations of over a 1000000000 dollars when they i.p.o. are the dream over every entrepreneur nor so if companies like we work don't turn a profit how do they draw in so much early investment leading them to this i.p.o. it just doesn't make sense to me. well i think the real reason for this is because the i.p.o. is the payoff right so the way that used to be and you guys can correct me if i'm wrong with the way it used to be it's a company get started it needs venture capital in order to begin and then eventually if it gets to the point of i.p.o. it's because it's such a great company and it's making so much money that everybody wants to be a part of it and that scenario has been flipped on its head what happens now is you have these venture capital firms and investment firms like soft bank for instance right that come in and they bring this early investment they put money in but it seems like the end game is the i.p.o. not beyond the i.p.o.

not to say this is how we are now going to make money for all these public investors who come into the company and shareholders and instead the early investors are making money on just the i.p.o. and the founders the c.e.o.'s those founders are making money on the i.p.o.'s because they're taking it all the stock and then if it's unsuccessful after the fact it's not their problem and that's what happened by the way with travis over and over with out of newman over it we were both of them walk away with enormous amounts of money personal fortunes the rest of us couldn't dream of and yet the same time the company doesn't make money. well this race this focus on now turning a profit is very different than what the traditional venture capitalists actually founded their principles on their rationale for injecting so much money early on as you have to focus on growth they have to focus on expanding our market or else i'll be cannibalized by another bigger competitor who has the same bundle has the same backing so if companies are expected to turn

a profit early on how can they expect to grow their market share it's a catch 22 it really is a cash flow into a that's a great point right a lot of investors don't want to build companies right they want to as they say put gasoline on the fire they want to help to inject capital so that you can grow really fast the problem is when you get someone like an adam newman i'll pick on him a little because i think he's easy to get in the room to pick up out of newman only had a vision for growth he didn't have any vision for sustainability so when he kept talking about this rapid expansion of we weren't even go into the i.p.o. we just what it was rapid expansion and to continue to grow but at some point there has to be an adult in the room who says. injecting capital getting us there fast making sure we're not cannibalize all that is great but what is the business side of this that says this is our products and this is how we make money so that we have sustainability the reason that you have companies that have existed for so long you know these marquee companies like ford motor company those kinds of

companies have had to make money over the years they can't just be companies that pop up and in a decade say well we've never figured out how to make money if you can't figure out how to make money how do you ever play into to survive or to last and i think that's why investors are now back in a way to say maybe we'll still inject capital will still get money in there but you got to show us that you can make this the glass so that we all lose our money afterwards i want to see how even plans to dig themselves out of their hundreds of $1000000000.00 of debt that's not going to happen for years so now in recent weeks another car subscription company fair and software company your paths have downsized skeeter renting company alive have also rejected their operations to prove to message that it can turn a profit so is this the path moving forward now for silicon valley. i think it is and i think it's actually a positive thing i think this is a good thing so for instance take line you mentioned them one of the things that they're doing right now is they're taking investors through a process they're trying to raise a couple $100000000.00 right now which you know we say that like it's

a small amount a few $100000000.00 and it's taking about twice as long as they had expected to take and one of the things they're having to do was actually bring investors to their warehouses to their headquarters to show them what they're doing this is what we're doing with inventory this is how we're making money on it these are the processes were using in order to refine there is i think greater accountability 'd that is now in the marketplace for the companies to say prove that you and do what you say you're going to do because if you're going to just tell us that if we give you money and you're going to continue this path of will just drop more of these lines scooters off in more cities and trust us one day will make money is still big anyway trust them anymore. fascinating story investigative journalist bans on thank you so much for being here guys thanks and happy thanksgiving thank you. the parents theater is one of the oldest and most theaters in new york and now at

the closing its doors at the end of august and the lights are turning back on at least part of the time thanks to his new netflix. the bear's theater is one of the most iconic leaders in new york but after closing its doors at the end of august the lights are turning back on thanks to netflix. the video streaming service announcing this week that it will use the $500.00 plus seat space for special events screenings and other theatrical releases of its films while the a conic theater is the last single screen theatre in manhattan it closed its stores in august after a previous lease ended but since the beginning of the month netflix has been showing its oscar contender mare's story netflix's chief content officer ted's rando said in a statement after 71 years the paris theater has an enduring legacy and remains a destination for one of a kind movie going experience we are incredibly proud to preserve this historic new york institution so it can continue to be

a cinematic home for film lovers in recent years netflix has been trying to work deals with numerous traditional cinemas most recently the egyptian theater in los angeles the streaming service has also reportedly considered buying a small chain like the landmark theaters however that would have been illegal under the paramount concent decrees but now the department of justice is moving to abolish the decrees that have been in effect since the 1940 s. and while netflix and other streaming services could be behind the downfall of movie theaters in recent years many believe that abolishing the decrees could open doors to new opportunities and preserve the lifespan of theaters powerhouse production houses and other companies could purchase struggling theaters and screen movies for however long they want an outlet says it is still plans to screen its movies at other new york theaters however did not go into the specifics of the deal meantime the company's stock is up about 18 percent year to date reporting in new york trinity each other as art. and since thursday of last week the tesla cyber

truck has been pulling in the headlines and today well it's no different now it appears we're going to get an apples to apples tug of war bad. between the future official truck of mars and the leader in the pickup truck game the ford f $150.00 during the unveiling of the cyber truck which included not one but 2 unbreakable steel windows well breaking they also showed a video of the cyber truck pulling an f 150 up hill as the ford's tires screeched and you can hear right there this video which has been watched nearly 13000000 times prompted a response from some deep mudra vice president at fort dix who tweeted tesla c.e.o. elon musk to send us to send us a cyber truck and we will do the apples apples test for you must respond on monday saying simply bring it on astrophysicist neil de grasse tyson he also weighed in on the situation to ation casting doubt on the initial tug of war saying if musk were to fully load the ford f $150.00 it would give the highest traction to its rear

wheels then try to drag that up the hill must said he would be open to doing this is early as next week and even suggested a live stream of said test now kristie you're going to like this but i got to tell you something i'm falling in love with cybertron why it looks beautiful you want to really sell it to i don't know i just like it it's like when you look at they become like a shoe to get like something ugly actually turned into something good once you look at a long and i feel like that is exactly what is happening and maybe it's a little bit of polo because everybody's talking about it i'm like i want one so i could be like you know that car talk about i got it well that's what's happening because all these 11 families they're going to guarantee that the cyber truck is actually sold out before they even launches absolutely graham market and that's it by this time you can catch them must on directv channel 321 dish network town to 80 . 7 outlet it's evade the free t.v. ads. or as always you can hit us up at youtube dot com slash. see you next time.

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this is arts international headline this morning delegates clash at the annual meeting of the world chemical weapons watchdog with opposition to plans to allow the agency to assign blame despite growing concerns over bodies investigative credibility. elsewhere post should turn gamekeeper it seems only one big guns including google and facebook sign up for a major project to clean up the web despite being in the internet biggest privacy violations. donald trump gets an invite to the upcoming impeachment hearing slamming it again as a democrat. former u.s. congressman ron paul tells our team many people indeed i'm comfortable with how it's being handled. for this country are looking at their.