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 is stuff sold in cans and processed food and 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 doll

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

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

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

dollars and by the end of december big quinn was worth nearly twenty thousand dollars but twenty eighteen has been a rough year for bitcoin 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. now after that one zero one one 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 kristie 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 the 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 try to vast and one of the sixteen hundred quid coins they first need establish their base currencies now based currencies our currency is life such as that quite a theory i'm like klein and big names we've a

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 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 opport

.>( 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

much as the cufflinks and thirty dollars t. shirts scream printed with metro's rail system our reactions from riders came swift with comments like quit with the self-congratulatory t. shirts just focus on getting the trains to run on time and station new york city's transit artery that connects the island. 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 thousand 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 travail ments 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 appropriat

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

on january 1st, the rate will rise 57 cents..it will go from 13 dollars and 23 cents to 13 dollars andan hour. this vomes after voters approved measure f-f during the november 2014 election. employers were required by law to inform employees of the increase by today. mayor libby schaaf says the move is morally responsible as the regioin continues to the fight the cost of living. some economists say that a high minimum wage leads to declines in jobs and will harm people who have little work experience, low education levels and few job skills. ( dave ) (ácommercialá) (áábreakáá) the beautiful thing about care, is knowing that it's always there... ...and that it always will be. ♪ walgreens. trusted since 1901 we've got great gifts at great prices! so, bring us your husband who thinks he's a celebrity chef. get him something stain-less and pain-less. bring us your sister who's always asking "can you hold this... and this?" you're both welcome. and bring us your daughter, the daredevil. a bike. she'll love it. and bring us your parents, who are super competitive... ...oh boy... game on. fin

dollars and other market moving news the e.c.b. lowered its official euro zone growth projections for twenty eighteen 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 to introspection that could inspire future action on how to complete the monetary union. and ten cent holding that china has completed the initial public offering or i.p.o. for their spinoff music entertainment group raising a one point one billion dollars shares went up for sale in the new york stock exchange yesterday fourteen dollars per share ten cent music is seeing 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 in

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

long euro-dollar. reason. a cable it has support from the dollar leg.kness, cable does ok. it comes down to the vote. there are the three scenarios of brexit. referendum, does theresa may survive, general election? sterling heads higher. slimal brexit, a possibility. only happens if the government once it -- wants it. there are people who talk about legal certainty. i think it is unlikely. what about general elections? i don't think the tories will want that. no conference vote will probably fail. ory vote this deal through you get a second referendum. right now, we are all treating everything with the same probability. nejra: cable ends the year where? euro-dollar going higher, we are talking about 140-150. nejra: bullish on cable. great to have you with me this morning. that is it for "daybreak europe." , tunee traveling to work in to bloomberg radio. live on your mobile device. inill be joining you there just over 30 minutes. this is bloomberg. ♪ good morning. we are live from our europe in headquarters here in the city of london. i am anna edwards.

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

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

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 tencent. well it was the solace 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. but actually when a ten cent went into trading was thirteen dollars that was that 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 the 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 then t

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

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.

world in dollars our currency and gold reserves in dollars are decreasing. we used to have. we used to have american bonds which are causing in dollars one zero four billion of dollars now we have fourteen point four billion of dollars worth of this bonds we are now using more a year to pounds. as to the. dollars going out. it has to do. with the. trade operations between companies and not between physical persons yesterday we talked about our today's press conference and mr sergei's you mentioned that you know the. posters we share show the currency exchange rate. in most can not the towns and to citizens keep asking why whether we are getting dollars no we're not going to pray but dollar to ben dollar because he does not know this is one simple fact we are trying to fide illegal organizations that exchanged currency we are simply trying t. . establish more and financial transaction and they tend. of exchange to say. we're trying.

with twenty four million dollars allocated for affordable housing this comes just three years after the completion of the u.s. bank stadium the new home of the vikings football team it can comfortably sit over sixty six thousand football fans it was made possible by about three hundred fifteen million dollars from the state of minnesota and approximately one hundred fifty million dollars from the city of minneapolis for the billion dollar projects the super bowl that was held here just last year netted the city over three hundred seventy million dollars but for the people here at the tent city known as the wall of forgotten natives they wonder where all that money could have gone. because just a mile from the billion dollar stadium is an encampment of between one hundred fifty and two hundred tents housing almost exclusively members of the indigenous peoples of minneapolis and their families in calibers came to my attention that was really through the conversations i have of my staff back and probably met to arrive when there was maybe like four tents or four or five tents or early

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

dollar i mean it's racing ahead you know we're describing a u.s. economy in a freefall in many respects to over leverage and yet the dollar is telling a different story or is it what you know the dollar is signaling what price i wish i wish i could tell you you know because i've been studying this stuff for thirty forty years now and what applied twenty twenty five years ago doesn't work anymore the federal reserve has in the words of david stockman they deformed the overall market structure so when you take both the price and the quantity of money so the price of money is the interest rates we have to pay on it they destroyed the price discovery on that and then with the quantitative easing they also just pushed huge quantities of money out they wanted to control both of those it was supposed to you're not supposed to be able to control both but they did something it's really a little arcane it was called offering interest on excess reserves so now when the fed's going through the rate hike cycle it you can't compare it to prior ones why not well

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

>> if you look at sterling against the dollar, the catalyst is what happens to euro/dollar there's a high correlation between where sterling/dollar trades and euro/dollar trades, that's because in trade weighted tomorro terms, sterling is weak, that's the same as saying euro/sterling is high. so the news is bad we're all bearish. everything is dreadful the pound can't go down much more so what it does against the dollar is a function of how euro/dollar trades you'll get sterling below 1.25 against the dollar if we keep this trend in euro/dollar going on on the bad european news. as opposed to anything happening in the uk. >> if we look further out than just the next few weeks and months, assuming the uk does successfully leave the european union, how will european investors think about the pound relative to other advanced currencies >> i think they'll think it's cheap and likely to stay cheap the problem with brexit is there is not an economic silver lining out there. so we're a little bit stronger than we were in 1976 when we called in the imf into the uk, real interest rates were m

estimates it will cost at least two hundred and fifty billion dollars donald trump's a saudi arabia has agreed to help he tweeted saudi arabia has now agreed to spin the necessary money needed to help rebuild syria instead of the united states see isn't it nice when immensely wealthy countries help rebuild their neighbors rather than a great country the us that is five thousand miles away thanks to saudi a now here's more from rob reynolds. president trump's tweet prompted more questions than answers he didn't specify how much money saudi arabia would offer to rebuild syria when it would be given how it would be spent or most importantly who would receive the money well that's the big question is where exactly will this money go and i think that that obviously depends a lot on where saudi arabia wants it to go we can probably assume it's not going to go to the russians it's not going to go to the turks for where they're spending a lot on humanitarian aid for refugees it's going to go somewhere else and it may not go to the assad regime either and in october the saudi government delivere

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

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

do need both elements to talk about the dollar? -- top out the dollar?dy priced the scenario. i wouldn't argue for a big move in the dollar on the back of something that's expected this week, to be quite frank with you. but of course, although we only get second-tier data this week, something like the housing starts will get much more attention. also the union michigan, and other data that we get, will get much more attention because everything is data dependent and everything will be looked at in scrutiny. apart from the fed and the rhetoric, we will look at the oil data coming in. empire manufacturing, etc. nejra: the dollar gains over the past three months have pushed hedge funds to cut their bullish bets to the lowest since june. how bullish or bearish are you on the dollar in 2019? 2019, by the end of the year we will see euro-dollar forecasting at 1.15. in the interim, we see euro-dollar moving much lower, targeting 1.08 21.10. which as i explained -- manus: sorry, go-ahead finishes the. -- go ahead. finish your thought. stefanie: i want to mention

and those dollars cost forty four dollars apiece so i'd love to have you back some time when we have more time to talk about how it mean it's all about the bottom line dollar for manufacturers all over the world but that seems to be an oxymoron with whether or not they're doing so well i hope you'll come back and talk about it more professor emeritus of economics at university of massachusetts amherst ritual thank you so much professor we sure appreciate it. thank you. and time now for a quick break but hang here because on breck's it news as we went to air you came prime minister theresa may survive to a no confidence vote with two hundred votes versus one hundred seventeen votes to remove her stay tuned for more when we return there's plenty of key crypto news out including how the price plummet is resulting in the job layoffs christiane of counterpart axis standing by to discuss and john cavil it will help us understand the policy and politics of the us mexico border wall which is back in the news as president trump said he'd be pleased with a government shutdown if he doesn't get