s. as the u. s. is to meet with china on a whole variety of issues, tie ones, one of them, but also just on trade. and in terms of what is happening with, you know, kind of new carrot versus stick measures being taken to say, how do we keep china in light? the chinese don't seem to be anxious. and on that trade note, catherine tire the us trade representative chair. so kind of laid out the whole policy towards china ahead of these talks out of the new policies, or how to the policies of the biden administration. that is to say, affect the phase one trade deal made under the trump administration between us and china. yet will remember that phase one trade deal between the u. s. and china that was made under trump, you know, had all kinds of cookie things in it, including a demand for china to buy $200000000000.00 worth of agricultural goods, more than what they had paid in the previous year. china's not doing that, they hadn't been doing their have 30 percent behind on that. and so, but, but what do y

s. energy department has also kind of said, hey, it doesn't look like we're going to tap any of our strategic oil reserves right now . why don't you think we're seeing more action on the government level here in the united states to cool off this current rally specifically when the u. s. is so oil dependent. yeah, brent i, i don't understand it either that they tell us not to drill on our american lands, but yet they go to opec and say, could you please put some more on the market when literally last year we probably lost $40000.00 jobs just in the permian basin that when the oil price went down to $37.00 a barrel. so the producers in this country are very wary about putting a moral on the market. and you can't blame them because of what happened to us last year. but the policies that they're very odd right now and we really don't understand it. so everybody's just being very conservative right now. and there's really class because we had negative $37.00 a barrel a year ago. that was a v

s. economic recovery is happening at a much slower pace than most analysts had expected. in fact, the u. s. economy grew at a 2 percent rate in the 3rd quarter. it's lowest gain of the pandemic era recovery . now it's the slowest g d p gains and see more than 31 percent plunge. in the 2nd quarter of 2020, which encompass a period during which coven 19 morphed into a global pandemic, resulting and a severe economic shut down the st. tens of millions to the unemployment lines, and for the choke hold on activity across the country. meanwhile, inflation is also hitting the european economy in a serious way to go further in depth on this was ben swan and octavio mer and the ceo of openness. i'll see, octavia, let's start with you. now. many economists had expected at least 2.8 percent g d p growth. is there anyone factor holding back growth, or are there multiple factors that play here? well, i think you basically attributed to 3 different factors. one is the ongoing supply chain problems tha

s. close to it's the lowest rate hand amick began spending decrease while inflation skyrocketed . well, let's take a look at the latest data and what it mean for the ongoing recovery plot fall present environment infrastructure package bases an uncertain future. so does it propose tax on the pro wealthy will take on the question of whether americans billionaire should be passed on money. they haven't even earned yet. and trivial currency regulations remain in flux as the butting factor is based on scrutiny for its role in criminal activity. once again, the future of ben tech is resting on regulation. we'll discuss back to today, look that right in and we leave the program with a low down in growth for the world's largest economy. the u. s. economic recovery is happening at a much slower pace than most analysts had expected. in fact, the u. s. economy grew at a 2 per set rate in the 3rd quarter. it's slow, it's gain of the pandemic era recovery. now it's the slowest g d p gains and see mo

s. side. not anywhere else, and you will still need to import it over. and it's very similar to what we've seen with the semiconductor shortage. obviously that's not a shipping issue, but the fact is that you've become to rely on one side that you're really in a position where just trying to wrap up production quickly isn't going to help anything right now. now, bad reports indicate that some retailers are now over ordering in order to make up for lack of products, and that is creating an even bigger problem. tell us about that. yeah, i mean, there are apparently a number of retailers who are doing that. they are over ordering, it's starting to cause even more problems, more strain on the supply chain. but, but the reality is like, this is a part of the story. the guys doesn't make any sense to me. so the for los angeles is clogged up, the port of long beach is clogged up. 40 percent of all imported goods into the united states. come through those 2 ports, but no one's asking why. why ar

s. as well. so is, is problem owing only going to get worse, or is there any way to get a hold of it in the near future? well, i think there's going to be some things in that same agency announced this we to that in the u. k. they're putting together a team to actually start hacking back. and i think we talked about that some time ago with this show do. when are we going to be on the offensive? and whenever is the, are the government's going to take it seriously that this is an attack? and that we've got to look at this for a military point of view. how do we eliminate these problems instead of just accepting that it occurs, go after those people in a much different manner than we have before? unfortunately, we haven't solved all the world's problems today, but we're sure tech try and try cyber security expert and president of get dealt. thank you so much. and finally, as the international space station enters its final decade, the commercial race is on with several u. s. companies already presen

s. dialogue with trying to specifically during the series of meetings? i mean, this is going to be a very important meeting with all eyes on the u. s. and how it handles its relationships with not only china, but also the rest of the world after spent the last 4 years focusing on this american 1st agenda. so china and the us are expected to be constructive as a work to settle ongoing trade issues and address the macro economic situation that threatens both their girls. so both sides are weary of the inflation pressures, slower growth, weakening financial landscape, supply chains and also other issues. and then also on the agenda, the heads of government are expected to endorse a historic overhaul of international corporate taxes. although analysts one that any new rules would take a long time to actually implement. so meanwhile, china in the us have agreed to continue communication at all levels on the next steps. which essentially is the same rhetoric we've been hearing. so i really don

s. a fedex, he says, are now going to commit to more time. the problem is neither of those companies currently go into those ports. only wal mart does. now they said they're going to do more re, but again, it's, it's, there's another issue here and that is that right now the u. s. trucking association says they're about 60060000 truckers short in terms of what they need to be able to deliver those goods around the country. so it is a bottleneck problem. it's not a 11 spot problem and i think that's what we have to figure out. how do you get all of these systems in place as quickly as possible? and surely those are staggering numbers right there. and we think about how much is impacting us at the grocery store now will it's likely to become even more worse as we continue to go on those problems at up as well. the americans are quitting their jobs. a historic rate that's according to the u. s. department of labor which revealed that a record $4300000.00 workers quit in august, marking in n

s. is the role of south dakota, nevada, and other states that have adopted financial secrecy laws that rifle those of offshore jurisdictions. a former vice president of dominican republic, finalized several trusts in south dakota to store his personal wealth. and shares of one of the country's largest sugar producers, according to the washington post. she knew, especially the only thing that catches the eye in the pandora caterers is a demonstration of which country is the world's largest offshore, an tax lacuna. this of course, is the united states. the paper is also revealed that the international consortium of investigative journalists embarked on a treasure hunt for antiquities suspected to have been looted from cambodia by the late arch dealer douglas lach ford. the post reported that latch for it in his family, established trust in tax havens. shortly after investigators began linking him to looted artifacts, dozens of looted artifacts tie to the indicted dealer, remain in prominen

s. market trading this year has been dominated by retail. and they've seriously managed to move the markets and make ways and really all thanks to robin hood who wanted to bring trading to the masses by making it a super easy user interface with beautiful u i, u x. and most importantly, game of fi at making it a social experience, because this is the aid of social media where everybody tries to gain cloud, whether it's followers are twitter or on instagram or tech talk. this is just another platform to brag about how many followers you had, how many people you can get to listen to. how big of an influence are you are. and robin hood, basically capitalize and game of fight by giving these amateur traders a platform to band together an army, which is more powerful than any hedge fund or tells about these investors. who are they and what makes them unique compared to say, the traditional investor? yeah, there's a, there's a couple of things that are pretty significant here and talking about the median age, right. the median age of the retail in

s. government is going to do in terms of regulation and we're now hearing from the federal reserve that it has no plans to push for the manning of bitcoin. is that helping to fuel this price run that we're seeing as well? absolutely, there's been a lot of negative sentiment surrounding because with the impending regulation and china banding it again, but these common from the fcc team to have enfolded investors. so these institutional investors have been provided with some level of comfort now, because regulatory uncertainty is what's in keeping them out of the market. and when you make hedge fund, you're not as nimble as an average retail trader, so they have to be more risk adverse when it comes to dealing with crypto. but these common themes has cleared a path temporarily. so you see institutional playing catch up again by hand over fist, within the last few days these last couple days we've seen the spot market price, a big point jump as much as 3.5 percent within a 5 minute window w

s. social media site operating in the world's most populous nation. we'll discuss, we have a lot to cover today. so let's get started. with the program, with the latest on the state of the debt ceiling here in the us as president biden has signed legislation to raise the limit, amid warnings from the treasury that the u. s. government was just days away from its 1st ever default. the temporary relief was passed by the house on wednesday along party lines. it will raise, they are ready. $28.00 trillion dollar debt limit by another $480000000000.00. it comes as democrats say, they are contin considering trimming that $3.00 trillion dollar human infrastructure package. that the by an administration has been promising down to under 2 trillion dollars in an attempt to gain approval from republicans in congress. but it's estimated that the new limit will only fund the government until december, 3rd, signaling that not only is congress continuing to kick the can down the road, but they will be

s. s. chafie attempt it's across the board is and instead of taking heat of warnings, raised is call it flags that indicates a helicopter. taking off from a deck, he also makes it impossible to change its speed on its course. it was eventually persuaded to turn back by the russian anti submarine vessel. the admiral 3 boots. now, the russian defense ministry has called base a grave violation of international rules. whereas the white house, on the other hand, this said it still is not aware of any confrontation between us and russian warships. how that will affect the relations between the 2 countries, remains yet to be seen europe. today's coming next on our scene to national it's bombast. ah, and a surgeon's tactile perception as well as his or her. i saw it helps a lot because you need to make sure you don't break the thread well, placing the switches and robotic hands can't do that. not now. and i believe not ever. you can write software to the machine, but you cannot give it a human tact

s. s. and p. dow and nasdaq, they were all up with a jump on thursday and then carrying through on friday on thursday the tao rose 535 points. it's the biggest one day point, percentage gain since july 20th the s and p 500 increased 74 point. it's the best day since early march, and the nasdaq composite gain 252 points. it's best a since may. so what's driving this september retail sales indicated that americans are spending enough money to sustain an economic recovery from the pandemic, even if consumers are paying more to do so. finally, we finish in canada where the t x was up there as well. jumping on thursday and carrying into the weekend, and that is this week's market walk and time now for a quick break, the only come back the only remaining u. s. social network operating in china has announced plans you and operations in the country will discuss what's driving their exit next. and as we go to break your the numbers out the close. aah! with ah ah, ah, when i see black, i see pause my

s. is the world's largest natural gas producer, and inventory levels are not as depleted as they are in europe. but that's not to say that us prices won't be volatile. just take a look at the current oil prices, which has made gasoline prices. sky rocket, and with old pagan not increasing, supplied. don't expect gas prices to come down any time. brant rachel? r d corresponded, sighed savage. thank you so much for following the story. tell us, take a further look at those oil prices, which stayed at 7 year highs on monday with west texas intermediate surpassing $81.00 a barrel. it's the latest in the series of skyrocketing energy prices that are now causing concern about how they could impact the state of the global economic recovery. so joining us as co host kristi i and admire senior market analyst at atlanta. it's great to have you both on the show today now, and let's start with you. what do you make of the latest surgeon oil prices? and what will it mean for those who were turning to

s. and around the world. let's look at the steel industry in 2000 or more than 100 us fuel companies. we produce 100000000 metric tons of steel annually. and the industry employed 136000 people in communities across the country. soon after china started building its own steel plants, it's production capacity, balloon depriving us steel companies of valuable market opportunities, low priced chinese steel flooded the global market. driving out businesses in the united states and around the world. tie is expected to speak with her chinese counterpart vice premier lew her this week. while the white house plans to keep trump aerate tariffs in place, it will reopen the process for u. s. companies to seek exemptions. the renewed trade discussions come as the u. s . has once again watched its trade depths, it why didn't to a record in august. the commerce department reported tuesday that the trade gap and goods and services grew to $73300000000.00 from just over $70000000000.00 in july. as american consumers continue

s. or the federal reserve, but it's report did warn about certain central banks that may need to start pulling back on their easy money policies to get ahead of price pressures, even if that delays the employment recovery to joining us now to discuss the later . and the seo of openness l. l. c. now are tabio, the iron that didn't had their forecast by much, but they did admit that it is likely to be less than previously expected. so what do you make at the latest report? i think they slashed the full cost of the station. nothing but they reduced the focus from 6.0 percent to 5.9 percent, which is hard in slashing. i think that's within the margin of error for full cost, like however, if you go deeper they did reduce the full cost of the us quite substantially. so they would use us for us from 7 am to 6 percent. and as you need to report this interest and see what they were using, was it basically pointed out the term bike was having difficulty. pushing is $3.00 trillion dollars spending

s. officials are pledging to resume period, talk with china after 8 months, but the bind administration is refusing to lift from the terrace in the process. well, take a look at whether the trade war will come to an end anytime soon. plus the energy crisis continued to hit the economy across the world. europe and china dates increasing shortages with winter quickly approaching. well, this guy, and we discussed the great facebook wacked out as we look at how the social media giant nightmares week, just keep getting work. we have a lot to talk about what get to it really the program with the latest, from a former facebook data scientist turned whistleblower who testified in front of the u. s. senate commer, subcommittee on consumer protection on tuesday saying the company was aware its products were harmful to young people. i'm here today because i believe facebook's products harm children, stoke division, and we can our democracy. the company's leadership knows how to make facebook and in

s. companies to seek exemptions. the renewed trade discussions come as the u. s . has once again watched his trade deficit. why didn't to a record in august. the commerce department reported tuesday that the trade gap and goods and services grew to $73300000000.00 from just over $70000000000.00 in july. as american consumers continue to buy products and mid supply chain of disruptions caused by the global pandemic. so what exactly does the future of us china trade policy look like? well joining now to give us his opinion, his former united states representative alan grayson, a friend of mine, always a pleasure to see that face has been too long. congress grayson, it seems like some had hoped that the bite administration would back off on the trump tariffs. but that doesn't appear to be the case. what do you make of the current state of trade between the 2 sides? carbon administration is running a standard democratic presidential trade policy. it's the same as we'd see. going back to the carter administration and maybe further than that, it wasn't really a affected

s. national guard may need to be called in to get products moving. but another supply chain crisis is surfacing in europe, as e u. leaders are sounding alarms that a shortage of magnesium coming from china could take a toll on the blocks economy. now china produces around 87 percent of the global supply, and the essential component for aluminum alloy is used in cars, plains, and electronics, and roughly 95 percent of the night near the end that europe consumes. german chancellor angle of merkel brought up the issue on thursday during a summit of you leaders accord sources familiar with the matter quoted by several outlets. meanwhile, a dozen business groups worn late last week of an imminent risk of europe wide production shut down. as they only have enough of the metal to last through the end of november, the chinese producers of course have cut output to save power and energy prices have skyrocketed due to the crunch. we've talked so much about in recent months. so what does this mean

s. government will be introducing new regulations targeting per user. and of course, if we're going to learn more about plans for a digital dollar anytime soon. so joining us now to go further and jump on this is christopher john carlo, former chair of the commodity futures, trading commission and author of the upcoming book trip to dad the fight for the future of money. chairman, it's great to have you on the show today. now, when it comes to this news about the 1st bit coin e t f, how do you see it? do you think that is worth the hype? brent rachel? great to be with you today. thanks very much. well, whether it's worth the hype, i think it's significant in all kinds of ways. certainly the record trading volume indicates that the demand is certainly there. and i think that demand has been there for a while. i think other interesting components of this are the fact that the 1st to go forward, as you noted in the intro, is based upon the bitcoin, the futures market market that might actually my administration 4 years ago at the c, f t. c greenlighted. an

s. has now become the world leader. we'll discuss which states are seeing the most activity and how clean energy is playing a role in the industry. plus the buying and ministration does it has plans to address increasing supply chain issues. but will it be enough to save the upcoming holiday season? we'll take a look at how the latest price is affecting the ongoing recovery. and then more than $100000.00 union workers are threatening to strike across the country all while the us travels with an ongoing labor shortage. we're going to bring you an end up look at why workers are taking to the picket line. got a pack show today for let's get to it. and we begin with an aspect of big coin that quite frankly, isn't getting much media attention, but it is critically important to the criptos future. the u. s. is now leaving the country and leaving the world for big coin mining. yes. in fact the u. s. has doubled it, share in the energy intensive activity in the 4 months since china began a crypt

s. congressional hearing thing. it does not give information to the chinese government and has sought to safeguard us data. what else came from that hearing? yeah, it's pretty interesting. so ted cruz, the republican senator from texas, was questioning, think, talk about a couple of issues. one of the things he asked about was their affiliation with bi dance, which of course, is the, the major owner of tick tock in china. and what was interesting, the statement that was made by, by the ceo of take talk was essentially this. he said that tick tock has quote, no affiliation with beijing bite, dance technology a by, by dance entity. which essentially even trying to government has a board seat on that company. they control that company. and so essentially what they see, it was saying is that, yeah, we are associated with by dance, but we're not being controlled by, by dance b g, which i guess is now a separate company. and so they have created separation. as you guys remember, you know, the trump administration had want

s. has a capital a system they'll, they'll never restrict a big claim because that's a u. s. believes in freedom unlike china. well, that's a little bit, i would say like sliding night because i'm not entirely sure that that's true. but it also apparently is the case based on capital flows that the rest of the most crypto friendly, one of the most crypto mining friendly places in the world right now. well, and there still are a lot of questions about what the us government is going to do. we're rather going to try to do when it comes to these regulations. now jeffrey, staying with you, we've heard from the bank of england deputy governor if i for financial stability. he warned that crypto currencies could spark a global financial crisis unless tough regulations are introduced. why do you think he's making that claim? so way viewers need to recognize is that the driving up political of a power behind regulations right now is the government's all over the world. and i don't care if it's th

s. market saying the u. s. subsidiary of china. chinese state on enterprise is, quote, subject to exploitation, influence and control by the chinese government. so what does this vote by the fcc mean and what happens next? let's bring in, boom, boom, coast and investigative journalist, ben swan, to discuss been breakdown this really for us. what does this mean? yeah. why is central, what it means is that this company has 60 days to start up, stop operating in the united states. right. which is pretty interesting. so there's 2 republicans in 2 democrats on this committee and they voted unanimously with a 4 to 0 vote. and basically what they're doing is they're going to revoke, and then terminate china telecoms section $214.00 authority to operate inside the united states, which essentially means they can't operate at all. and you know, we've talked about this for some time. you guys mentioned in the later lead up here . this is something that happened with the trump administration. for several years, we saw t

s. had to business gone on hunger strike. martin got his belt the serving time for launching cyber attacks against the hospital. he says severely mistreated, a teenager, we hear from his one the last time anyone heard from him is september 23rd. that so scary. i spoke to a lawyer the other week that told me that it's the worst president in the united states. i. g stands for instagram, but it also stands for instagram. exploiting kids for profit us lawmakers roast facebook after the company's own research shows it's instagram platform.