in their name dollar general dollar tree dollar family dollar like all sorts of things like that so there's been an investigation into looking at into that and. what that means and what that indicates and what they're hoping for and what their business plan is going forward looking at america dollar stores planning for permanent american underclass sell more groceries and whole foods dollar store chains like dollar general and dollar tree are rapidly expanding by targeting the poor particularly in predominantly black neighborhoods and rural areas while planning for permanent american underclass according to a new report from the community development nonprofit institute for local self reliance so. more importantly the fact that dollar stores sell no fresh vegetables fruits produce they don't sell any fresh food as stuff sold in cans and processed food in packets treated and they sell more food they are quickly becoming one of the primary ways lower income americans eat with a combined grocery sales of dollar general dollar tree outstripping whole foods by more than ten billion dolla

one hundred few dollars you still have a hundred dollar of investment value which you can track and sell back in exchange . and as you mentioned the gifting experience with pretty incredible i mean we want you to feel like this is a luxury product when you buy it so when you order something from us and it comes and arrives at your door with fedex insured shipping or u.p.s. and sure chipping you then unbox it and it feels like something you want to gift it really is designed to be gifted right actually i saw in his boxing that he has a counter that a gift bag so you can kind of create a gift bag or soften and give it to somebody and so now this is an interesting story because as an entrepreneur i mean in irak old money gold money has a very fine application as you know one of the if not the place for storing billion around the world and what that james turk going back to the origin see kind of innovated this space in a lot of ways where you can get gold online it's a business that you and josh krom your partner are passionate about. but you were always fascinated by this observation

billion dollars and trillion dollar companies that shouldn't be anywhere near that valuation so that means that these asset prices you've got massive asset inflation so this creates mega opportunity i see in two thousand and nineteen coming up i think there's going to be a lot of opportunity i think that the people who did the risk parity trades that were overcrowded people who bought the fang stocks have gotten their asses handed to them i think all of these guys in the markets that have been following the trend the momo traders follow the momentum follow the momentum are getting smashed because you've got kids who are been in the market for ten years. i have never seen a bear market i mean all that the central banks providing all this liquidity have done is prolonged and made the problem a thousand times worse when the politicians and when the people realize that they've done this they're going to react but as usual too late but their history tells us that the plutocracy a will scapegoat the bar and they'll be a lot more tension and structural a society could break apart so the opp

mark and by june it was worth over three thousand dollars october six thousand dollars november nearly ten thousand dollars and by the end of december big quinn was worth nearly twenty thousand dollars but twenty eighteen has been a rough year for bet quine the price has steadily dropped for much of the year and has been trading around the seven thousand dollar mark which is about a sixty five percent drop in value reporting in new york city each of us are to. go after that one zero one group down you may be wondering how to get started in crypto currency investing well now we will break down how to get a jump start in the market with christie. the co-founder of counterpart. so it might be hard for folks to believe but there are more than sixteen hundred crypto currencies out there some of them with crazy nutty names a lot of with crazy names but the question really comes to how do people actually invest how do they get into crypto currencies you've got a few ways to explain it for us all right so therefore investors actually tried a vest and one of the sixteen hundred quid coins they

dollar and what then interest rates mean for the u.s. dollar.a very big question. have thiss year would long period where the fed had been raising interest rates and emerging markets had been able to shrug it off. if we see more fed increases next year as the fed trajectory has suggested, that em turmoil may spread to be a big thing for 2019 as well. brexit, issues in europe have bulls and bears see these issues playing out? malcolm: there are too many in the air. i don't know who could call brexit right day to day at the moment. there is the other european slowdowntaly and the many are expecting across the eurozone. will the ecb ever get to normalize its policies because it looks like we might be slowing just as it was meant to be exiting some of its more extreme policies. the same could be said for japan with the effort to reinflate the economy. there are still throwing money at the economy hoping to break that deflationary mindset. across the world there are so many bulls in the air. the markets are so big these days, 20-30 years ago global m

looking for dollar downside, we saw that buying of dollar overnight. dovish ass not as market expectation. the market is expecting no hikes next year. i do not think the same narrative will apply. for a long time, strategists have been calling for market to move toward the dots. if data slows, and what is going on in europe and china continues, it is hard. nothing changed my mind. vonnie: what is the greatest risk for dollar and the first six months of 2019? jordan: the biggest is this turns nasty. that is what the market is putting on, risk off trades, but not in full force. we could see credit widening. the irony is, look at the forecast for growth. imf, and bloomberg survey of economists, everyone expects growth to slow. it is consensus. the risk here is risk does well. people do not have trades on. the investor survey is long dollars. the irony is, the biggest risk is that risk goes well next year. everyone has put on short risk trades. guy: were you surprised by the decision to raise rates? jordan: no. it is nice to see optimism. they're talking t

is a six hundred fifty billion dollar a year business which is the proxima. only five percent of america's annual g.d.p. and is the most common job in america the number one job for twenty nine states although there are more than three and a half million professional truckers in the united states according to the american trucking associations america is currently still short nearly sixty thousand drivers every year and that driver shortage seems like it's just the beginning projections show that at this rate the demand will grow to a shortage of over one hundred thousand drivers annually in the next five years i talk to steve the celly fox family pavilion scholar at the university of pennsylvania and author of the book the big rig for his take on the industry this shortage has traditionally been confined to the long haul for hire segment which are really the toughest jobs out there like the ones i was just describing that you know require you to work seventy eighty ninety hours a week live on the truck for weeks at a time. those jobs of always been tough to

much as the cufflinks and thirty dollars t. shirt screen printed with metro's rail system our reactions from riders came swift with comments like quit with the stuff. graciela tory t. shirts just focus on getting the trains to run on time and station new york city's transit artery that connects the island's amtrak rails to the rest of the country needs over thirty billion in repairs for its tunnels damaged during hurricane sandy the so-called gateway project is now political football caught in a feud with democrats and president trump when he ordered republicans term of four hundred million dollars set aside for the project in the fiscal year twenty omnibus bill and across the united states several railroad operators are struggling to implement trucking technologies that are set to automatically slow train down around curve for several fatal to real men have occurred in recent years technology term positive train control or p.t.c. must be installed by december thirty first of this year although congress has appropriated hundred

and 80-dollars per month. is also an installation charge that could run as high as 150- dollars. the new law does have a payment sliding scale for low income dui offenders. ( darya ) the c-h-p is stepping up patrols. it has activated its new year's holiday "maximum enforcement period" which will run through tomorrow night. kron 4's gabe slate spoke with the c-h-p about the dangers of drinking and driving.

dollar. the main opposition leader insists the one that was administration has failed he says will be more protests if the situation doesn't improve we joining me now from london is charles robertson global chief economist at rene sands capital could speak to you again charles so one year on how would you assess things are zimbabweans better or worse off after robert mugabe sadly there are still worse of this still huge challenges now particularly on the currency side on the banking side. says still a lack of foreign investment going into the economy so it hasn't got better yet let's talk about the lack of foreign investment wise. do you think part of the problem is that the elections didn't win an international seal of approval so the e.u. condemned them the problem with is that it makes a deal with the i.m.f. to the world bank and the african development bank to clear up big arrears zimbabwe has and to reduce their foreign debt that sort of deal becomes much harder without international sup

dollars and other market moving news the e.c.b. lowered its official euro zone growth projections for twenty eight thousand and twenty nineteen earlier today e.c.b. president mario draghi quite remarkably claimed or conceded i guess at times that the policy has been quote the only driver of this recovery mr druggy also reflected on the upcoming twentieth anniversary of the introduction of the euro calling it an occasion for quote candid and close introspection that could inspire a future action on how to complete the monetary union. and ten cent holding of china has completed the initial public offering or i.p.o. for their spinoff music entertainment group raising a one point one billion dollars share of one up for sale the new york stock exchange yesterday at fourteen dollars per share ten cent music has seen growth pushing towards thirty percent this year helping the company to gain over rival spotify ten cents twenty five million paid subscribers still like far behind the eighty seven million paying listers that spotify claimed

nejra: when we talk about e.m., we always talk about dollar, dollar, dollar.ncies that are sensitive to euro weakness, and that leads you to pick certain em currencies over others. tell us a bit about that, your preferred em currencies for getting the most alpha, bearing that in mind? on themy colleague ethics strategy side, we looked at the g10 currencies. and you can block them in terms of characteristics. some trade for the risk environment, some that trade oil. obviously, some that trade for your dollar. those currencies in the european space, generally, when you have got declining euro-dollar, they tend to underperform in the em world. currencies like that. back to view, linking what your same with regard to euro-dollar, we have got euro-dollar going to a new low in q1 next year. they will not be the place to play the emerging-market recovery, but there might be some places in latin america, for example. manus: thank you, very much, chris turner, sharing your thoughts with us, head of ethics strategy -- fx strategy at ing. all ofmp-xi trade lasted 24 hour

five dollars a barrel to transport a pipeline so if cost of transportation by train is two to three times transportation by pipeline the u.s. currently has more than two point six million miles of pipeline that transport more than sixteen billion barrels of crude oil and natural gas through the pipelines annually making it the world's largest network and over that network a more than two hundred thousand miles of liquid pipelines over three hundred thousand miles of gas transmission pipelines and more than two point one million miles of gas distribution pipelines that move energy and raw materials that fueled his nation's economic engine but currently major ports like boston still rely on foreign oil from russia via the united kingdom as the region's high and unstable energy prices are routed would inadequate natural gas pipelines to meet its demands or oil industry's top lobbyist jack straw to highlight at how resistance to infrastructure development has led new englanders with some of the highest electricity costs in the nation particularly so through extreme winters the recent co

has over one trillion dollars in debt more than ten white collar crimes happen each day.eighty five percent of global wealth you want to be ultra rich eight point six percent market so thirty percent what if your home with four hundred to five hundred three per second per second and get one rose to twenty thousand dollars. china is building two point one billion dollars a are you industrial park but don't let the numbers overwhelm. the only numbers you need to remember one show you can't afford to miss one can only. live like a weekly a powerful tsunami has struck indonesia leaving two hundred twenty two people dead more than eight hundred people have reportedly been injured hundreds of buildings along the coast andes in the strait have been destroyed it's believed that tsunami was caused by undersea landslides falling abruption nearby mud to contact the death toll is expected to rise further his one locals account of what. i'm going to get lucky that the first time the wave was small the second wave was bigger and the third wave hit all of the houses after the big wave h

at the beginning of october down to around sixty dollars now that's hurting countries that need oil revenues to finance their economies we hope the right word for. this would contribute the way you could put across the board. ok so for for a minute consultation or believes we have not reached that. reports from inside the meeting say there is general agreement on the necessity of a production quota cut for the time being it's just not clear how large it will be opec wants to coordinate that with nonmember russia russian representatives are expected to attend the meeting on friday for talks. more on this i want to bring in spencer welsh now he's the director of the oil markets division at i.h.s. market in london welcome spencer by how much should opec cut output to stabilize prices and prevent further declines good afternoon that's the fifty million dollar question thing he are under pressure as you said from the u.s. not to cut a tool that other people think you may need to cut by maybe a more than a million maybe one point four million barrels per day i think it's likely to be ther

.>( darya ) the device costs between 60-dollars and 80-dollars per month.also an installation charge that could run as high as 150- dollars. the new law does have a payment sliding scale for low income dui offenders. the california minimum wage is going up with the new year. businesses with more than 25 employees will now pay 12-dollars-an hour.that is up by 1-dollar from the current 11-dollars an hour. businesses with 25 or fewer employees will pay 11-dollars an hour.that is up by fifty cents from the current $10.50. most bay area cities already have higher minimum wages. on jan. 1, san jose, san mateo, and several other cities will boost their minimum to 15-dollars ... and in mountain view it will increase to $15.65. ( darya ) for your money this monring ... wells fargo owes california millions. and a computer virus hits major u-s newspapers.jane king is. live at the nasdaq with those stories and more ( jane )good morninga computer virus hit newspaper printing plants in los angeles and at tribune publishing newspapers across the country.the print edition

dollar to weaken will help the aussie dollar rise.ct the aussie dollar to head back towards $.80 towards the end of the year. we think global growth is able to stabilize this year. we get fiscal uncertainty and maybe the aussie gains ground later in the year. juliette: just very quickly i have a chart showing essentially company profits growing faster than wages. we had the jobs number a couple weeks ago where it essentially it was mainly driven by people getting halftime jobs. at what point you think wages catch up to what we're seeing from company profits, and therefore boost consumer spending? just very quickly. tony: yes. labor markets continues to strengthen. we need to see some improvement in the services sector. it will be slow growing over the course of the year. on technology, construction, we expect wages back towards 2.5% but it will be gradual. juliette: all right. thank you very much, tony morriss. have a great new year. next, a look at what is in store for equity markets in the year ahead after a painful 2018. this is bl

it's impossible to have trillions of dollars of a.helming hours as it is to accidentally bump into the twenty thousand people in an hour is like oh it's iowa g o o o o o o o o o wow ok i walk around ok. since i'm getting too lengthy to conform i feel my five sets of points. all like the writer of four of respond to you this is not simply a matter of boring and counting trillions in unaccounted to outlays if that's the case we're talking about the biggest government by nancy of destruction in the history of the country. thanks a good way to sum it up here fox is actually a sad group of corporate shills the defense department is actually an organized human murder company and the twenty one trillion dollars of adjustments is actually a massive fraud with me i would be. proud to call court that is truly mostly right but more importantly this story is starting to gain traction people can see the truth and right now it is the corporate media tools who are trying to make sure you think it is just some accounting there's pay no mind to the fa

has over twenty trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of global wealth you longs to be rich eight point six percent market saw a thirty percent rise last year some with four hundred to five hundred trade per second per second and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar ai industrial park but don't let the numbers overwhelm. the only numbers you need remember one one business shows you can't afford to miss the one and only. so what we've got to do is identify the threats that we have it's crazy going foundation let it be an arms race in. spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. what politicians do something. they put themselves on the line they get accepted or rejected. so when you want to be president. or some want to be rich. that's why. for us it's like the fly in the morning can't be good. i'm interested always in the waters. there should. let me talk a

spends over seven hundred billion dollars on all russia only forty six million of them in about all do you really think that our aim is to rule the world or the us that this is just a cliché that's being imposed by the west in order to resolve their own domestic problem but in the. ok that was when will you marry whom and whom. these are two different questions are you married. yes so he is married and wants me to suffer the same. first of all do they cannot and then they said my flesh was bothering with the russian flag there anyway i want to refer to kipling who said when everyone is then the great game is finished the at the great there will be a meeting whenever. this is a question about how i think it should be the next one of us in the war yet how's your health if. you would not see me not. having spent several hours fielding questions for all the journalists like i put in wasn't entirely done after the marathon q. and a he sat down for a face to face meeting with an aspiring blind reporter. hello how are you. here but. i would like to ask you some questions did you always dream

and 80-dollars per month.ation charge that could run as high as 150- dollars. the new law does have a payment sliding scale for low income dui offenders. the california minimum wage is going up with the new year. businesses with more than 25 employees will now pay 12-dollars-an hour.that is up by 1-dollar from the current 11-dollars an hour. businesses with 25 or fewer employees will pay 11-dollars an hour.that is up by fifty cents from the current $10.50. most bay area cities already have higher minimum wages. on jan., san jose, san mateo, and several other cities will boost their minimum to 15-dollars ... and in mountain view it will increase to $15.65. happening tomorrow ... drivers with "clean air" vehicle stickers will no longer be allowed to drive in the car pool lane when they are alone without passengers. it was a perk for people who bought electric and hybrid vehicles. but state officials say all those cars are starting to clog up the commuter lanes and their time is up on january 1st. but there are s

raised more than a billion dollars one of the largest by a chinese company. our financial correspondent has been following of course this i.p.o. for us yes it's good to see you so what do we make of this first day does it mean good times to come for ten cent. well it was his soul it was not a stellar start into trading here at the new york stock exchange by the end of the day the stock was up by almost eight percent trading at fourteen dollars apiece but actually when a ten cent went into trading was thirteen dollars that was at the low end of the price range that stood between thirteen and fifteen dollars and then just a couple of weeks ago wall street was hoping that ten percent after the i.p.o. would get a valuation of for twenty five to thirty billion dollars but right now they're standing only at a valuation of a good twenty one billion dollars and i mean overall the environment for chinese companies here at the new york stock exchange and on the u.s. market is not easy with the trade tension going on with signs that the chinese economy by slowing and th

has over one trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of global wealth you longs to be rich eight point six percent markets thirty percent i just want to secure some with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar ai industrial park but don't let the numbers overwhelm. the only number you need to remember is one business show you can't afford to miss the one and only. hello again president cos they gave it to us for pulling out of a crucial nuclear weapons treaty saying it could unbalance world security washington and none states withdrawal from the cold war era intermediate range nuclear forces treaty in october now the comments from the president came during a speech to russian defense officials. so you were in this was the way it is you will in your social sort of immunity from the us leaving the i.m.f. a nuclear missile treaty could have serious negative consequences so we can in regional and global safety i

dollar, up one third of a percent. the bloomberg dollar index at 105. david: thank you, kathleen.ustralia just getting underway. we are making our way through the alphabet. -- we arecations called higher, but 20 points there. 2.5, roughlyg at a 2.5, 3% based on fair value pop on the nikkei. about 20,000 is what we are looking at for that index. up 0.8%.ures the fx markets, a big headline about an hour back, a u.s. team is set to be traveling to china for trade talks in early january. that is a bloomberg exclusive on the website. higher on the aussie dollar from the cash close in sydney yesterday. dollar-yen trading at the very high-end. dollar-korea, 11.25. consumer confidence back up above 97. we are looking at gains across the asia-pacific. that's a quick look at markets. lots of other things happening in the world to help you get caught up. your first word news. ed: president trump expressed confidence in treasury secretary steve mnuchin and the federal reserve, moving to calm markets amid reports he discussed firing the fed chairman. he called mnuchin talented and smart, and s

has over one trillion dollars in debt more than ten hours in tempe each day. eighty five percent of the global wealth belongs to the old rich eight point six percent market saw thirty percent rise last year some with four hundred to five hundred three per second per second and it going rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial form but don't let the numbers overwhelm. the only number you need remember in one one business so you can afford to miss the one and only boom bust. that is your last years does. she doesn't it with the people most of congress are not what i mean. i can make. you know they are local to give me some he can use he has enough he lives by the fact. that you're in the form of the media because i'm with you most in there baby when i was in the mud almost nothing even many balls up in this. we will start to feel. led. the u.s. state of alabama launches an investigation into meddling in a senate election campaign in twenty seventeen pro-democratic group is reportedly behind more than a thou

dollar. thecan see what happens in turquoise line. from 3000 to 200. that is what we have. -- what do wes make of the moves to the yuan? is it a dollar story or you one story? yesterday was a dollar story. today is a you one story. it is sinking and that a 90 day truce means a 90 day truce for the yuan. what that going on, authorities they are notsure provoking the u.s. on a range of fronts. that has always been a very strong focus for donald trump, not just for china, but with all of the trade partners, accusations of currency manipulation. yuan, isng nyuan -- eight will that china uses to redress the tariffs. now they are supposed to redress them by negotiating a trade deal, that is what came out of the g20. yuan gains are on the table. >> that is exactly what we are seeing. this, if we are seeing handling the equity market, we are not seeing that in the currency market. is this all basically a short squeeze? garfield: not exactly a short squeeze, per se. there were expectations that they w

a year traffic including dollar general, dollar tree family there are a increased 3% last year compared2% increase interior before modern 40% he shoppers planning to shop at dollar stores during holidays have name brands cheaper prices. >> what does it sigh about consumer woreisome. >> stay tuned. >> that is the next segment. >> a really tough week nasdaq down 40 points at close nasdaq down 40 points in a bear market. dow futures down 130 president trump signs partisan farm bill democrats already vowing to fight, like this one. >> able-bodied adults without dependency have to work look for work in order to receive food stamps today's action will help, americans transition from welfare to gainful employment. >> democrats push back on plan would help americans and save taxpayers billions of dollars. and today might see shortest day of the year winter solstice has a lot more in store for us tonight, beautiful. beautiful shot, we'll be right back. ♪ ♪ (clock ticking) (bell ringing) it's time. time for a new kind of cloud. the ibm cloud. the cloud that proactively protects your business from