running all aspects of business and how it affects you i'm christiane and i'm bridgeboro washington here's what we have on. display the breakthrough in trans pacific trade talks the chinese economy is slowing but do the numbers tell the whole picture we'll dig into the details plus transport strikes in france are still raging on r.g.p. correspondent shirley dubinsky brings us the latest from paris on the impact the movement has had on the nation's economy and later facebook is yet again back on the fire as a social media giant has found itself in federal court for anti-competitive practices r.t. correspondents and lunch as they are standing by to take a deeper dive into the controversy and what maybe it had for the embattled tech company. today so let's get to it. official figures where china shows the country expanded by 6 point one percent and 29000 year over year which is the lowest figure and 29 years last year china has struggled with weak domestic demand and suffered impacts from the bitter trade war with the u.s. the 6 point one percent is down from its historical double digit growth however

policymakers maintain that this is within the government's target range policymakers have for many years been trying to gradually step down expectations and slow the unsustainable growth that has polluted the environment and lead to an explosion in debt $29000.00 ended on a solid no with industrial output investments and retail sales all rising more than expected however china's annual aluminum production fell for the 1st time in 10 years and unsurprisingly china's pork output plunged to a 16 year low as the african swine fever killed millions of pigs down 21 percent imports of pig pork surge as china is also the world's biggest pork consumer which in turn caused china's food prices to soar to an 8 year high. this is fascinating because we've seen actually world markets react in a positive nature due to these numbers despite the g.d.p. of china going down now we kind of expected this and this was all because we couldn't maintain those double. numbers correct correct it's because it is now

a stable number and this is actually exactly in line with what the government policymakers they predicted at the beginning of the year so you could actually say that they have just met expectations and that's a very positive because for the entire year people were very pessimistic because they thought that the drain the financial drain of holding up this trade war and battling the us by the entirety of 29 when actually a bigger drain on we economic resource and i want to quickly touch on the aluminum we know we've seen that their production fall but steel output has gone up so what happened here so actually if you look into a china suffered a couple of aluminum outages this past year there were a couple accidents and explosions in the factories and that contributed to the decline in output so if you look at the output for the overall metals and materials market which includes aluminum steel market 10 copper etc that is actually up 3.5 percent exactly in line with expectations and also hitting an all time record high and it's interesting to see whether this will actually take effect into the phase 2 if steel and aluminum because that was

a big portion of why trump started this trade war in the 1st place was the what he called characterizes as the illegal dumping of inferior steel in the u.s. market so will definitely take a look at that as we move forward. the strikes in france the drone strikes in france to do proposed reforms by president menem a crown have been ongoing since early december while the numbers in the streets are dwindling the lose museum in paris was forced to close friday as dozens of protesters block the entrance this marks the 1st time strikes have affected the museum and an exhibit marking the $500.00 anniversary of the death of leonardo da vinci and the transport strikes have are having a greater impact on the overall economy of france are to shirley dubinsky is in paris and filed this report for us. it's the longest continuous transport strike in florence while trains and metros may be slowly getting back on track this strong could be pushing france's economy the rails. i think we are financially impact.

because we have a decrease in traffic for almost 6 weeks now as a result of the transport not working which is almost 20 or 30 percent of our current. and his shop is not alone in feeling the pinch an estimated 10 percent of businesses may need tourism so souvenir shops hotels and restaurants have been hit by the strikes some businesses say their turnover losses are actually as high as 50 percent as the transport shortage kept visitors a way particularly over the busy christmas shopping season. it's true we were afraid. to get our trainer here. because the master stations are closed. and trains were. a couple of times. it was quite complicated because it was a trip for a birthday we wanted to come in november or december and now it's january and we

only managed to. train was cancelled 6 times each time they were cancelled last minute so we never knew if we could come or not but in the end we have succeeded the strike was initially called by transport staff in response to french government pension reforms now it plans to merge $42.00 different plans into a universal system which it says will be fairer deal with future pension deficit for costs also wanted to raise the age of retirement by 2 years to 64 but this has since been back tracked and while the strike has spread across many french sectors including teachers doctors and lawyers and more downing the tools of their trade france's state national company is the one that's really counting the cost i sense if says it will now have to look at ways making up those losses though it has ruled out job cuts there's still no end in sight to this rolling strike action which still according to the polls has the. backing off the public meanwhile the

government is pushing full steam ahead with its plans with the pension reform bill which due to be submitted to the parliament next week. in paris. india's commerce minister prior should go well says the country is in the final stages of a bilateral trade deal with the united states which they hope will resolve some differences between the 2 nations during a security conference in new delhi the congress minister said with the us we are in at an advanced stage of dialogue to sort out some of the pressing issues meanwhile the wall street journal is reporting that the trade deal could be announced during a visit to new delhi by u.s. president donald trump in the near future now according to the journal the deal could ease some of the u.s. is longstanding concerns with india's trade and economic practices while in return restoring india's preferential trade status allowing the nation to ship billions of

dollars of duty free products to the u.s. the trade pact between india and the u.s. would not be as comprehensive as the recently signed deals between washington and their north american trade partners or recently negotiated deal with the recently negotiate a deal with japan at this time no official date is set for a visit to india from the u.s. president. time now for a quick pause but hang tight because just on the other side the electric. companies are racing to dominate the market lauren fix the car just standing by to take us through the speech he sat down last month thank you and the latest controversy swirling around facebook and how the scandal has landed in sam ahead they'll tell us that out and as we go to break here are the numbers that close.

my students. number. and. just. when. i. saw. your sports. mainstream news is in ruins i should know because i saw it from the inside and i know how they are. falling for graduation distractions and fiction that tells you what's really going on tune in to our team america where we always question.

well the highly anticipated phase one finally got signed this week let's see how we ended up over on moscow the most to new highs already up almost 4 percent in 2020 after the surprise resignation of the russian government this week the market rallied 1.6 percent as observers cited that a new government could boost russia's anemic pace of economic growth over in shanghai the market is down half a percent as the market rallied into january 15th signing but then slump and fell in a surprise move where no additional tariff rollbacks were granted the market had expected more reprieve and was disappointed that not even a schedule of the tariff rollback had been agreed to by the us in phase one over in japan the nikkei hit a new 52 week highs friday up almost up. scent for the week as hope for rebounding

global demand and a softer yen drove broad based gains the nikkei rose as big growth exports such as construction equipment to lead manufacturing and toyota and sony also made advances financial peers no more on mitsubishi financial and sumitomo mitsui also gain as expectations for strong earnings season kicked off over in hong kong the market also gained 1.5 percent for the week closing at its highest level in 8 months as a summer economic data suggested that growth in asian nations have bottomed out and are quickly rebounding industrial production and retail sales beat estimates as countercyclical policies have come into play over in india the sensex hit all time highs this week as the loonie overhang of china and the u.s. was lifted after 18 months markets are now looking forward to earnings where all eyes are on reliance industries h d f c bank and h.c.l. technologies meanwhile foreign institutional investors are still remaining net buyers into the capital markets this week as emerging markets are back rotating to

favor down australia 'd the a.s.x. extended gains to fresh highs following strong retail sales data risk appetite have largely improved since beijing and washington into phase one and mining became the top contributor to the aussie benchmark jumping 1 point one percent to its highest since july of last year rio tinto gained 1.8 percent as a forecasted higher iron ore shipments in 2020 and manufacturing and construction and global growth outlooks began to recover and finally the all shares in south africa were up as its surge in line with other global markets which were all buoyed by easing trade tension and the saying corporate earnings resources and industrials led as the outlook improved and demand for gold platinum and palladium remain solid now over the brow of the rest of america. thank you kristie looks like we're having a positive week for western markets and let's dig into what's going on here look at some numbers in paris the cac. it's up on the week mostly due to the easing and

trade tensions with the signing of phase one as we've seen across markets all over the world now automakers renault and peugeot which should face trade sensitivity saw a bit of a boost at the end of the week but are still down on the month now the german dax now that is flat on the week that trade deal and china's g.d.p. coming in where analysts expect it gave it a boost at the end of the week utilities and construction made some moves while volkswagen struggled this week which could have correlated correlated to the fallout from that admission scandal which we had on earlier this week the footsie in london that is up on the week it's up more than one percent feeling the same benefits as some of these other markets so the markets were elevated by resource stocks which is something to keep an eye on here and december marked the 5th straight month without growth in the retail sector in the u.k. now moving to the americas the is up on the week and they're looking at the data out of china as well now the last 3 months have been good for the. big gains

however roberte ocampo scenario the president of the central bank of brazil gave a speech in miami friday where he recommended caution on their monetary policy so the net again something to keep an eye on now moving north into north america the b.m.v. in mexico is up for the week with gains of over one percent hitting 4 week highs on the back of the u.s. senate approval of the united states mexico canada agreement group of mexico mexico mining company was one of the leaders in the clubhouse when it comes to gains on the week in mexico in the u.s. the 3 indices the the nasdaq and the n.y.s.e. all up on the us m's. good food descriptions sound up to tell using even for the owners so how to choose the pet food industry is telling us what to feed our pets really more based on what

they want to sell us than was necessarily good for the pet turns out that food may not be a soap the best people believe we have animals that have you know diabetes in arthritis they have auto immune disorders allergies we are actually creating these problems it's a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets less treats the larger corporations are not very interested in proving or disproving the value of their food because they're already making a $1000000000.00 on it and there's no reason to do that research. the world is driven by shaped by our own person.

of the day or thinks. we dare to ask. it. must lead new software why is no cookie the salaam to you or from new to focus all of us to do stories to accomplish one get what. you see in the film or stuff the most good moment in a. row or balloons. you know.

some 460 kilometers of the pipeline remains to be built but the contractors involved have stopped pipe playing due to the after mention sanctions. and i phone manufacturer foxconn an automaker chrysler are planning to launch a joint venture to build electric cars in china while no deal has been officially made f.c.a. concert confirmed on friday that they are in talks with home high the parent company of foxconn for the creation of a 5050 joint venture to develop next generation battery powered electric vehicles with a focus on the chinese market now feel that chrysler will deal with manufacturing the vehicles while foxconn will work on the electronics and software included in the cars now f.c.a. recently merged with peugeot maker p.s.a. to become the world's 4th largest auto alliance and joining us now to discuss what

this means for the future of that a bevy of other auto related news is the car coach lauren fix lauren thank you so much for being here with us today thank you for having me back of course and now a couple of quick ones on this f.c.a. foxconn joint venture it's interesting to see the traditional tech manufacturers moving into vehicle design in fact last week at c.s. in las vegas we saw sony unveiled the vision as a concept car with a focus on tech and entertainment options inside now there are no plans on selling this vehicle but it was a good opportunity to show off the tech that they can put in a vehicle so why are we seeing tech companies getting into autos. well you see actually it's really a smart idea look at apple they've been developing a long term it's called the titan project they were going to build a car as well building cars is a very expensive venture the profit margins are not what they would be like they are in tech so typically they won't build exactly a vehicle but will use that tech and partnering with someone else which is what so smart about this foxconn deal they build the i phone they know how to build

technology if they take that same maybe this has to do something with the titan project that we don't know yet because you take that technology and you put it into a known manufacturer like chrysler now that it's going to merge with p.s.a. you know of a global car platform that needs this interface and fox kind of saying it's going to be up to 10 percent of their revenues that's huge and that should cause their stock to boom as well now we just reported thursday that tesla is also looking at creating a design facility in china after launching the shanghai manufacturing facility why are we seeing this big push into the chinese market is it about the subsidies provided for the e.v.a.'s or is it just about pushing into one of the world's largest auto markets where the world's largest market you're correct is china and there are a lector vehicle segment is the largest increase of about 6 percent but keep in mind overall there's a lot more cars there a lot more people than there were here in the u.s. opening up by the chinese research and design facility is very smart because their

cars and their needs are completely different than that of the united states and other places of the world now because he's in such a unique situation that he's new and he is getting these subsidies it's a great opportunity but keep in mind sales for chinese cars are down dramatically and they have been month over month and that could be an impact in a negative factor in the other factor to consider is the subsidies going the way they're hoping in china that because they have this quarter for the clean vehicles that this is going to be how they're going to fill that void well and i do have a question about your answer there because with tesla being kind of a nice manufacturer there they're smaller than like the big guys obviously then even. that we're talking about here so why is it a good move for them to kind of focus so much on the chinese market when they're still really trying to roll it out to the rest of the world. well you got it you have to try and get as much money cashflow as you can if you're losing your subsidy which is completely gone here in the u.s. as far as tesla is concerned you have to figure out how my going to make up that money well there's a subsidy that's going to him in china that plus he's got

a relationship with the chinese government trying to access the largest market get as much cash flow try to own a better effect effectors you can control that and he's also building a battery location that's going to be in germany so he can cover europe so he's at least trying some unique strategies to try and build these building like a tech company and not like a car company so we'll see what happens the stock is high right now but have a feeling since some of the research is going on to some of the accidents and deaths that have happened we might see a dip in his stock individually but overall anyone who wants to succeed in the chinese car market you better be offering any view you're not going to be able to sell vehicles and i'm sticking with tesla and davies the national highway safety administration announced friday that they would review a petition that asked the agency to investigate 500000 over reports of unintended acceleration so what's going on here does this cause concern for tesla. they've had a lot of problems sometimes it's the auto pilot program there's been 127 complaints

110 crashes and 52 deaths i'm sorry 52 injuries let me correct that there's been some deaths as well and because of that it's a national highway traffic safety administration is investigating there have been continual probes but the 1st problem they don't like is the use of the word autopilot which is there some nice sort of autonomy but it really is what they call level 3 it's available in a lot of vehicles for collision warning cross traffic alert a lot of these safety features and even the pro pilot $360.00 which ford has is pretty much the same thing it's lane centering unfortunately consumers think that it means i can fall asleep behind the wheel i can eat a sandwich and totally keep their hands. the we'll match we're having some problems now also there is some software glitches that are causing cars or completely stopped to start up and move cars that too unintentionally accelerate when they're in parking conditions whether they're parallel parking or pulling into a garage and because of that high quantity of incidences they're looking at a half a 1000000 vehicles but it's interesting lord too because when you talk about that

auto pilot and they don't really anticipate you doing that again it's the last week i mean we saw a bevy of cars out there that were actually intended for that for entertainment purposes for turn this in your home office while your auto driving now obviously again those are going to hit the road any time soon but that's kind of the way they are looking at in the next 20 years or so lauren fix the car coach thank you so much for joining us today. q. facebook is in the headlines once again this time companies are looking to soon facebook for anti-competitive behavior this comes as the tag giant is facing several antitrust investigations our t.v. correspondents armont as they ok after as the story. facebook is facing a class action lawsuit 4 companies are accusing the tech giant of anti-competitive behavior the lawsuit filed in a san francisco court claims facebook cut off money developers access to user data

partner from the law firm appears bainbridge and co lead counsel of the case stated facebook faced an existential threat from mobile apps and while it could have responded by competing on the merits it instead chose to use its might to intentionally eliminate its competition plaintiffs are also asking for a court to force chief executive officer mark zuckerberg to give up control of the social media giant the firm said while facebook owns what top an instagram it will integrate them into the social network quote consolidating its market power across the globe likely permanently for closing competition in the relevant markets for decades to come in an e-mail statement to bloomberg the tech giant responded we operated in a competitive environment where people and advertisers have many choices adding in the current environment where plaintiff's attorneys see financial opportunities claims like this aren't expected but they are without merit in 2010 facebook opened

its platform for the developers in its attempt to catch up to the fast growing mobile market and in 2012 they cut off access for certain apps while still allowing others move that could limit competition now this while u.s. house speaker nancy pelosi slammed the tech giant accusing facebook of abusing technology and misleading its users they have shed eve. if they know it's not true they will print it i think they have been very abusive the great opportunity that technology has given them but i expect my feeling about them is they don't want the old and wonder of their tax cut and no i don't trust action against them what they did very deliberately and very clearly that they intend to be accomplices for misleading the american people with money from god knows where and i think their behavior is shameful. facebook recently announced changes to its policy in regards

to political ads while also facing anti-trust investigations in the house and the justice department and the federal trade commission the tech giant is losing trust but ultimately it will be up to the regulators and how they will hold them accountable for enforcement reporting for boom bust. our team. fiances ivy park adidas collection will be released on saturday this collection includes body suits hoodies joggers and jackets capitalizing on the trendy at leisure market this collection is designed to be unisex as beyond they expressed her appreciation for gender neutral clothing and now of course influencers and celebrity friends got their hands on this collection ahead of the big drop reese witherspoon got a surprise delivery from the queen bee and recorded the entire unboxing on tech talk where she modeled key pieces from the collection other celebs who received these bright orange rolling trunks included hayley bieber carty be ellen to generous and more this is a huge adventure far beyond say as she becomes the 1st black woman to be the sole

owner of an athlete your brand beyond the park collection originally rolled out in 2016 at top shop but that later got pulled after sexual harassment claims were filed against the owner sir philip green in this release adidas believes that ivy park could eventually surpass kanye west's easy sales which banked $101500000000.00 in. 2019 now kristie i have a question about the term f a leisure ok now i always thought that was just like yoga pants and a tank top that look you know acceptable to go out but well it's gone now but if we look behind us there was a picture of be outside what looked like a flowing dress that was adidas themed so i mean that looks a little more than at leisure to me but it is played out the ticket looks like something that you could do yoga and it looks like something that you can do aerial silk. well i think it is very interesting that she what unisex everything is very stylish looking i was intrigued there's a lot of overall style adidas branded things and i think she's done

a great job and now you are a huge shoe junky do you think that you are going to be a buyer of one of these i'll take a look at it i'm not sure that i'm going to go that far but i definitely think adidas clothing looks better than say like nike with better shoes brand as like the bigger sneaker head that. that's it for this time you can catch boom us on direct t.v. channel 321 dish network tailored to 80 or screen 247 on planet t.v. the free t.v.'s help to 79 or as always you can hit us up at youtube dot com slash boom bust r.t. see you next time. someone else seems wrong. just don't call. me.

yet to see it just didn't come out to. and in detroit because betrayal. when so many find themselves worlds apart we choose to look for common ground. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. you are no fan speed you're no longer a young woman in fact you are one of the last living survivors of the nazi ellis asked i'm aware of it. all you know.

and you can never forget i know auschwitz was really like to be inhaled because he would never believe that want to go to as a copy of a course for 30 years and most of the curve it. seems illogical for by the side to make it work when i get out on the farm saw you know what songs were next to you so you can listen and hopefully bless my heart hurts.

because go reaction to accusations that washington has root. lead lied about america's longest war made by the top u.s. official overseeing afghanistan's reconstruction. program or alexander vinick or rested in greece on washington's request writes a plea for help i think he's been refused the most basic rights. to the. dramatic scenes the french president rushed down for. a hail of boos has. resigned trying to confront.

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