in total philip morris international and three other tobacco giants agreed to pay the european union more than two billion euros. under this agreement the european anti fraud office or all of the e.u. in the tobacco industry would join forces in the battle against cigarette smuggling . but when it comes to cigarette smuggling there are three categories counterfeit cigarettes often of poor quality contraband real but stolen are untaxed . and cheap white also known as illicit whites which are cigarettes produced legally in one country to be sold on the black market in another. so what type of trafficking was the agreement between interpol and philip morris international really aimed at. this deal is really just about addressing counterfeit and counterfeit it is just one element of the illicit cigarette trade and it's the smallest element is a far bigger problem with the tobacco companies products and the illicit market they're putting money into and so interpol can speak about the illicit tobacco trade and represent issues on the u.s. to chop tobacco trade that the tobacco companies wa

emily: he compared facebook to philip morris in terms of facebook's negative impact on the world.t about concerns about fake news? what about online hate? what about concerns about our privacy? gary: there is a stunning non-conversation about taking on some sense of responsibility, meaning choosing cnn or fox or has as many dynamics as what you are seeing in your feed, and more importantly what you are choosing to consume as real. to me, the thought that facebook is any different than twitter or instagram, which obviously they a millionbsites or different ways we consume, is kind of laughable and silly. visa and target and the american government itself has had breaches of information far more dramatic. concept, but ie think making a jump from philip morris, which systematically spent lobbying dollars and tried to pay off politicians for four to five decades to suppress information, is an awfully big jump. emily: what about profitability versus privacy? well one always trump the other and can we actually trust facebook? i have no problem trusting facebook anymore than i trust any

so i understand the concept, but i think making a jump from philip morris, which systematically spenting dollars and tried to pay off politicians for four to five decades to suppress information, is an awfully big jump. emily: what about profitability versus privacy? will one always trump the other and can we actually trust facebook? gary: i have no problem trusting facebook any more than i trust any other company on earth. profitability and privacy is kind of funny to me. we choose to do convenience over profitability every day of the week, and privacy, the way we pick privacy on a pedestal is almost nonexistent in our actions. every person watching this right now gives up privacy every day for convenience and speed. so whether it is amazon or google or facebook, any of these companies that sits as a layer over top of the internet, we have shown through our action over the last 30 years and continue to with the use of instagram and others. i love all the people protesting facebook on instagram. we prove as humans all the time how we think about privacy, we love to talk about it but d

the price target is $16a 5 and philip morris wasowngraded to hold from buy at jefferies.t sees s significare loss and the price target is $80. the stock dropped 3% to $79.69. still ahead, how trade uncertainty is impacting a small south carolina manufacturer. ♪ ♪ ♪ >>> fairfield county south carolina suffered a series of economic tbacks in recent years. a walmart shut down and so did a textile factory. o closetal is preparing and a nuclear power plant was halted. now a local manufacturer could close its doors andhe company is citing tradeta uncerinty. kate rogers is inorwinsboro us tonight. ♪ ♪ >>> this south carolina plant assembles tvs with parts imported from china, but tariffs on those parts may raise costs, putting the plant and more than 120 employees in peril. element electronics declined to participate in this story, but in a letter to state officials earlier this month, the company said it would close down it fall and lay off 126mployees adding it hopeful the closure will be temporary. mike says he'll be working closely with state lawmakers and politics aside to

the importance of the story is that tobacco companies such as bat, philip morris, have been putting anext generation of vaping and the next generation of vaping products, for instance bat said this year that it was spending $700 million into these new products, and it is seen as the future as people move away from smoking tobacco, are we? without really know, the who is cautious and one of the reasons is the research isn't clear —— we don't really know. for instance, there was a report that said the long—term benefits on things like the heart and lungs was not clear at this stage, so that is why perhaps who might be cautious. however, the companies on the other hand, they are supported by such as this, argue that we moving full stea m this, argue that we moving full steam ahead, so we will have these reports until there is definitive research that says one way or another. interesting, isn't it, joll, and we will be back to talk in the paper review at the end of the hour, so thank you very much —— joel let's move on to the tragedy in genoa. the italian government has begun an investiga

america as well as across the pond they don't see that stopping anytime soon i think we reported the philip morris and i forget the other one but the big tobacco is getting into into the act but now there is this new news coming out that they ping is not necessarily some you know granola healthy way to smoke i mean it's smoking without the ignition i guess what's the new data show. yeah it's interesting there aren't a lot of studies out on of a thing but the few that are out there have mixed results one of the most recent is out of england and as a result of this particular test it has the public england or public health of iran which is basically like their public health department saying hey you know something easy carets vaporing it's not as bad for you smoking regular cigarettes but it's not like it's healthy for you either so when you smoke a regular cigarette you're inhaling some seven thousand toxic chemicals many that are carcinogens that can cause cancer well it's not like when you smoke east cigarettes they also contain nicotine that's highly addictive that's been known to cause any numb

the salt formula reportedly causes faster absorption of the drug in the human bloodstream and philip morris the familiar and name and tobacco that big tobacco conglomerate is also developing a nicotine salt product. and with the u.s. president donald trump effort ing in his own way that is to denuclearize the korean peninsula south korean president moon j n has taken the reins by proposing the development of a single economic community between the north and south in hopes of ensuring both peace and prosperity for the region artie's alex mahela that joins us from toronto with the latest hey alex a thanks for being with us on this what are some of the steps that they are putting forward by south korean president. the president who took the opportunity to speak about this at a celebration marking the liberation from japan back in one thousand nine hundred five now that's a korean liberation when you talk about the korean liberation at the time there was both north and south korea it was one entity and this really is sort of that a motional attachment to a unified korea we're not talking about

philip morris international.s international 100% of their sales are derived outside of the united states a lot of potential currency exposure there newmont mining, 99% of their revenue outside of the united states te technip fmc, 89%, call it 90%. also booking holdings, the former online travel sites that got aggregated together. heavily exposed overseas and fmc technologies, chemical related to the oil companies, 77%. five of the big the non-tech companies that get the greatest percentage of their sales outside of the united states if you care about currencies, those five stocks, if you own them, watch what they have to say in their earnings regarding currency swings. let's bring in joe lavorgne. everybody is becoming a currency expert lately in the last couple of days and weeks. how much do you think these currency moves will impact global economies and our economy? >> very much so. thank you for having me. i say that because you need to put it and bring it back home in a more simple context. the federal reserv

first, i'm going to start off with philip morris i know a lot of the desks like to go away from this you can see this performance it's understandable why people have obviously cigarettes, the e cigarettes and the rest of that stuff. it's been watching as the numbers have gone lower and lower and lower, but this is still a company that has a great earnings per share when you look at it. it's trading kichbd cheap. we saw october 85 being sold today. paying about 1.65. nice number. i think like 4200 of these were trading. i've been trying to get into these. not yet, but still working on it right now, no disclosure right now. i got one more for you as well a name that i've hated for a long time. snap but every once in a while, we've had good luck with people as this stock has sold off. on ipo day, i held it for three hours, sold it this thing has had huge falls, but when we've had buyers jump if like they did today, they bought over 8,000 of the september 14 calls inexpensive. trading about 20, 25 cents does this get back up? starts moving high rer scott got to be disciplined with this.

. >> well, thank you >> caller: i want to thank you for taking my call i have an interesting philip morrisou think of it. >> i'm worried about all these different things that have to do with the alternative cigarettes, and that's why i have walked away from the group. >> sell, sell, sell! >> plus, i can no longer in good conscience recommend a cigarette stock. i just can't let somebody else do it. it's not about money when it comes to that. let's go to andrew in new york andrew >> caller: jim cramer, boo-yah >> boo-yah to you. >> caller: opko. >> which one >> opk. >> oh, opko health ever since they bought reference lab, it's ban dog. sorry, you better come on and explain why we should by opko health tom in new jersey, tom >> caller: hello, jimmy. i'm in lafayette, new jersey. >> lafayette we are here what's up? >> caller: hey, i got pinched by us steel, and buy, sell or hold, what do you think? negative, i don't like city. that's what we call it, letter x. i do like nucor. they are going down because of autos and infrastructure i couldn't take the pain that is letter x how about richard in

rising in singapore, results showing it is less dependent on philip morris. >> thank you, sophie.eporting on the trade front. we have independence group. thise joined now, how is affecting you, is that all? -- if at all? >> we are producing nickel, copper, and cobalt for now. we have a mine in western australia, a very low cost mine, the lowest cost producer of nickel in australia. although we would like to see prices in the opposite direction, we have a very comfortable margin at current prices. >> you didn't answer my question, which was this trade spat -- is it having any effect on your business get? -- business yet? >> is not having an effect on the business, no. we continue business as normal. nearlyprices are up, double relative to where they were in 2016, at a time when we were willing, and we have a very comfortable margin at current prices. >> how much pain can you withhold on the margin front? you've had a number of ubs saying base metal producers are all the frontline when it comes to dealing with the trade war, obviously in china, increased infrastructure spending. are

morris town airport on saturday. our thanks to ashley parker, to philip rucker, to joyce vance. >>> coming up for us more on why that meeting with russians in trump tower two years ago now is considered so so critical to the ongoing investigation. >>> and later with 92 days to go until the mid-terms a preview of what we'll be talking about this time tomorrow night and what those primary results from ohio may show us. we're just getting under way on a monday night beneath the lamp. are you ready to take your wifi to the next level? then you need xfinity xfi. a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> so i think from a practical standpoint most people would have taken that meeting. it's called opposition research or even research into your opponent. in the case of don he listened. i guess they talked about as i see it they talked about adoption and those sort of things. but nothing happened from the