the u. s. didn't want china to building out our own communication network, even though there have been no evidence of any wrongdoing on our part. so meanwhile, the circumvention is to help to get chips which is related to his bread and butter consumer mobile devices division, which is completely unrelated to their networking. so i can see that by ministration, not be happy about this work around and trying to do something about it. but there will be no legitimate reason for doing that because they're simply selling mobile phones to customers, to chinese customers. so there's no national security threat around that. ok, so it's shipped from from why way over to trying to telecom. because on monday trying to telecom at the fcc to put a temporary hold on it's decision. they're gonna force that company to discontinue us services by early january. they said that this short timeframe is gonna harm it's business, reputation and relationships. obviously that's already happened. but what exactly is the

s. has never been weaker in their mind. the u. s. has never been more prime to be toppled from its position of power in the world. and china is actively doing that in many ways. but i don't think they're doing it simply for the sake of toppling in the united states. i think they're doing it in order to do what they believe is best for china. and believe it believe this, that she's being really concerned with this idea of re unification. as kind of the crown jewel in his administration, in the time that he's been in power, i think this would be the thing that would kind of be his, his key note moment if he can pull it off. and so i think he is absolutely committed to moving forward on it. now chris, have about a minute left, but the real question is, where it economics show, we started talking about these pairs from the trump administration. do we actually anticipate that this issue will be covered during this discussion? looks like that's actually going to be taking a back seat here because according to a senior bite in the ministrat

and over in scotland, the u. s. and kind of now it's a joint agreement reached at the cap when he thinks climate summit with both country fledging, clamped down on greenhouse gases. we'll talk shop about the latest emissions deal between the 2, the power the lot to get to look at the work. and we leave the program with the state of crypto currency regulation in the united states in an effort to pay for the recently passed $1.00 trillion dollar infrastructure bill, while makers have included new tax requirements on crypto currency, the new rules attempt to limit tax evasion encrypt currency by placing new tax reporting rules that apply to digital assets like crypto and, and f teeth in trying to sell the need for tax to tax these assets in 2018. the iris actually pointed to research that showed the tax gap on crypto related capital gain was roughly $11500000000.00 in the year of 2017 thing. it probably widened quite a bit since that a couple of the key points in the bill include brokers needing to report transactions

it is the u. s. putting into china sovereign affairs, which basically and that the u. s. is putting itself in the middle of conflict and has absolutely nothing to do with it. so totally backtracking on what they had said that the us wants competition and not conflict. so it is expected that present she jane pain will use this meeting to worn by then to step back on taiwan issues as beijing is resolved to realize national re unification. and to answer the question, china is extremely serious about this because it has always been this one, china policy always been for hundreds of years and that is not going to change. and so this is a matter of china sovereign affairs. so in order to reduce the risk of a collision between china and the us, the us has to prioritize its objectives, what it alternately wants to achieve with china going forward. and then for the us tie, one away can be seen as a pon and its competition. this competition with china, because this would mean that china would continue to exert its economic and political power spreading its influence. and this is so

just the news alone that the u. s. may open up the strategic petroleum reserves and the idea that indian japan might do the same. i'm really not sure that can happen in japan because under law, there it prevents using strategic reserves to lower prices. but again, the, at least the appearance, right, of more supply should be causing prices to drop. correct? well it's, it's interesting because you've got 700000000 barrels of oil. busy in the strategic petroleum reserve, and we probably use 18 to 20000000 barrels a day to day here in the united states. so it would take quite a dumping of oil from the s p r to effect crisis and they can't get it out that fast. it may be 2000000 barrels a day that they can get it out almost your. it can only go to a certain number of pharmacy, can't go to the east coast, you can go to the west coast. so to me it's all smoke and mirrors. the strategic petroleum reserve is supposed to be there for our nation in crisis or catastrophic climate events that may happen, which is not what's going

and by the way, the single idea that the u. s. is producing less, despite what he said, he said, not much less well. whereas producing less than we were before to go to japan and india and china and ask them to give us loyal. it just doesn't make sense to a lot of people. i am the same thing with the call, so opec as well, that is, it has not made a whole ton of sense time now for a quick break. but when we come back, the pandemic has fueled the great resignation. and now companies are turning to robot to help the labor shortage. we'll discuss this with a futurist straight ahead as we go to break the numbers with o is your media reflection of reality? in the world transformed what will make you feel safe for isolation, whole community? are you going the right way or are you being that somewhere? direct? what is true? what is great? in the world corrupted, you need to descend a join us in the depths or remain in the shallows. while we've made our pilgrimage, civic going holy land. el salvador. we're in l. dante, better known as mid

s. capital market. now the u. s. corps eventually went on to will in favor of shaw me, setting precedent with the duty actually agreeing to move the designation and also allowing the company to operate in the us. so in this particular situation, china, telecom was given 60 days to stop providing domestic and international services, basically out of nowhere. so trying to telecom has previously provided telecommunication services for 20 years in the u. s. and serves more than 335000000 subscribers worldwide. it also provide service to the chinese government facilities and embassies in the united states. so this fcc action would force it to withdraw and it would have to basically sell its entire mobile services in the us here within 60 days without any warning, which is basically what they're saying is unjust and unreasonable. so china, telecom is going to fight this using the same logic, i show me. and they've argued that sbc should have 1st held at least an administrative hearing, given them a chance. and the fcc h

this resolution allows china and the u. s. to declare stats and actions on the path towards emissions reductions and limitations. so now in china and the u . s. would share policy and technology and new targets for 2035. so while everything sounds great and all the still lacks specificity, the new agreement itself is not enough to meet the 1.5 degrees celsius goal of the parents agreement. but it is a good starting point for mutual accountability and action. and much of the language in the agreement however still remains on quantified. so for instance, china pledge to drop down as coal consumption and to quote, make best efforts to accelerate this work. so it is somewhat ambiguous and you don't know how much china mean the end is going to be invested in it. how are the fact that china was willing to come to the table and cooperate is still a very big step in the 1st time the chinese government has place to address this issue. and some analysts are hopeful that this will make a big impact because china does have a history of ou

the u. s. is one trillion dollar infrastructure bill was signed into law and it includes a host of crackdowns on the crypto industry. those factors may have caused bitcoin to drop by as much as 7 percent. and the theory him by as much as 5 percent. let's bring him to moscow, hosting crypto analyst, christy i to explain. christy. i was talking about this infrastructure bill because one of the biggest challenges, as we've talked about of this law, is it redefines who and what a broker is, how messy is this going to get for the crypto industry? oh, it will get very messy. and the bill is mainly meant for the ira to have this well defined definition, but it ultimately risks asking network actors to behave as note operators in order to report identifying information for cryptic transaction that they have absolutely no way of gathering. like actually no way of getting because there's no centralized database recording your email, your phone number, your social security number, except when you log on t

the u. s. so far has been fairly unscathed through this and i think that might come in the coming weeks though. so yes, we're going to see more downs and they're going to have a very negative impact on travel and also some of the business as well. now we know that some of the central banks may be happy about that, especially if they're not ready to taper just yet, but it does create a lot of concern. now kristi, i also want to bring crypto currencies into this because they were included and that saw that we saw last week. so what do you make of the speculation surrounding bitcoin right now? and what's your response to those who say that it's not really an inflation head because of the fluctuations we have seen that move along with the stock market. i would say that just because something is an inflation hedge does not mean that it won't have volatility because those 2 are completely different things. they coin has fluctuations and volatility, and we'll move with the market. so it's not a hedge

as a result, the u. s. will lift the 25 percent tariff, bog, steel and 10 percent duty auto aluminum from europe, and the e. u will lift its levies on a series of us made products that include whiskey peanut butter, orange juice, and harley davidson motorcycles. leader is from both sides. praise the agreement, calling it a quote, new era in relation between the u. s. and you, here's what this deal does. it immediately removes tire on european union, on the european union, on a range of us products and lower costs to american consumers. and ensure a strong competitive us steel industry for decades to come and create good pain union jobs at home. and this marks a milestones in the renewal us partnership. and it is our global 1st in our efforts to achieve the d cup on the face of the global steel production and trade. now this new agreement comes with one clear target. the leaders say they want to put an end to be over production of steel in the name of the environment, because the industry is one of the large

it also criticize the u. s. for immediately turning to a travel man, while president biden didn't address that criticism when he spoke on monday, he did refer to situation as a cause for concern, not a cause for panic. and he urged americans to get back to needed saying he is working with pharmaceutical companies here in the u. s. to be ready to respond. we do not yet believe that additional measures will be needed. but so that we are prepared if needed. my team is already working with officials at pfizer and bernard and johnson and johnson, to develop contingency plans for vaccines or boosters if needed. and i also direct the f t a the cdc to use the fastest process available without cutting any corners for safety against such back siege approved and on the market if needed. handwriting us out of this gas, our ban, lucko house, christy i, and octavia moran, the theo of optimist. o c. octavio, let's start with you here. i know we saw significant reaction from markets on friday, but someone of a rebound here in t

but what does it say about where the u. s. is headed in terms of monetary policy, given the current state of the economy. i think there's a lot of confusion out there, so i'm sorry about my rise smile. both measures like going to spend more money and that's going to control inflation. you know, you just kind of get a little confused like what you and i don't remember to learning that and, and economics at all. so got a lot of cause and effect mix up here. and ironically, this is related to your last to worry about the oil price. you know, that release of the strategic petroleum reserve is not going to affect the price as my, my production. i think that the price pressures are coming not summer from supply restrictions, but they're across the board. you know, they're, they're affecting the wholesale prices of, of everything. the producer price indexes definitely the double digits at least. and depending on the sector, we'll look at as much as 2040 and even 75 percent price increases year over year, and it's affecting consumer p

and by the way, the single idea that the u. s. is producing less, despite what he said, he said, not much less well. whereas producing less than we were before to go to japan and india and china and ask them to give us loyal. it just doesn't make sense to a lot of people in the same thing with the call. so opec as well, that is, it has not made a whole ton of sense time now for a quick break. but when we come back, the pandemic has fueled the great resignation, and now companies are turning to robot to help the labor shortage. we'll discuss this with a futurist straight ahead as we go to break the numbers with them. well, the mic no said, you know, born is another piece and you as a merge, we don't have with the we don't on the back seat. the whole world needs to take action and be ready. people are judgment, common crisis with we can do better, we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is great, the response has been massive. so man

but what does it say about where the u. s. is headed in terms of monetary policy, given the current state of the economy. there's a lot of confusion out there. i'm sorry about my rise smile both this year. like we're going to spend more money and that's going to control inflation. you know, you just kind of get a little confused like what, you know, i don't remember learning that and, and the economics at all. so we've got a lot of cause and effect mix up here. and ironically, this is related to your last story about the price, you know, that relates to the strategic petroleum reserve, is not going to affect the price. that's my, my prediction. i think that the price pressures are coming not too much from supply restrictions, but they're across the board. you know, they're affecting the wholesale prices of, of everything, the producer price. and that's definitely the double digits, at least in the sexy. we'll look at as much as 2040 and even 75 percent price increases year over year, and it's affecting consumer prices. so, you

we don't need you to do this at the u. s. is doing that because they say, oh, it's going to hurt ukraine. we've heard this story before when ultimately hurt ukraine. if this takes place because the ukrainians need the money that will come from the pipelines that run across their land from russia. and this is being bypass that when germany is saying is there is no reason to believe that it's going to hurt ukraine. and that we need to have our own solidarity and essentially national sovereignty. when it comes to this issue, the russians want to do it. we want to do it, stay out of it with your sanction. and right, and i mean, the germans are basically that this certification delay is mostly due to some bureaucratic red tape where they have to incorporate inside of germany to do so. and the us been increasingly involved in this situation. obviously they, they, at one point kind of gave their blasting for germany to go ahead and get the guy from russia. but the cremeans kind of saying, hey, the u. s. should not be involved in thi

there will be a mass exodus of talent and wealth in the u. s. as people try to protect their wealth, as they should, seeing it's just hard earned money. the u. s. was ones the land of opportunities. now all of that is just be sucked right out. so the average person is unlikely going to see much benefit from this. but the middle class should also watch out because they won't stop with the 1000000000 as because 1st they come for the diners than the millionaires and then the middle class. so i don't think anyone is really safe here. you have to be honest with you. i'm not sure they're coming for the billionaires at all. i think they're coming for everyone else. but in reality, let's, let's break a couple of things down here. this bill got a long way to go right. if it were to become a law. because 1st of all, it would have to be reconciled in the senate. already subset of democrats have said they're not gonna vote for it as it is, which means you're gonna have to come up with the senate version, get reconciled in the house, has to go back and vote

so where it goes now is the u. s. senate. so what is in this bill? a family benefits. $585000000000.00, including universal pre k and 4 weeks of paid leave. in acura immigration reforms in their $100000000000.00, individual tax credits plus cuts. $210000000000.00 for health care. 355000000000 for climate infrastructure. $555000000000.00 to reduce or delay t. c. j. a base broadening and $290000000000.00 for other spending and tax cuts. it's a whole lot of money. so let's bring and boom. moscow has christy i to talk about it with us. christy got to tell you this bill is enormous, but rather than debate, what's in the bill? let's talk about where the money's going to come from. because the truth is the fed is just printing this money. they're literally creating it for the purpose of this bill. how is that gonna further damage the u. s. dollar and contribute to inflation? i kind of already said the fed is just printing more money out of thin air for the purposes of this bill. that's how it's damaging. so instead of budgeting and planning, they're literal

s. dollar because the u. s. dollar can't hold its purchasing power because it's via money, and they'll pay out money over the past 300 years. has ever gave trading, does 0 i saw a message from an unknown account because it had a self with my passport as its profile page. such, i saw pictures of my documents, it was they also sent a credit contract. if i had just 3 days, you know, comply with their demands. if i didn't send money and they sent out an online hate campaign because i was supposed to be a very dangerous man with hey, i to welcome back now that we have officially reached the christmas season. well, i'm in here in the united states has been going on since about october, but we have reached the season officially. we have to ask the question, how different will this holiday season be from years past? thanks to supply kit, sit train constraints, as well as a pandemic recovery that is coming much slower than expected. yeah, it is a question of what is retail can actually look like? well, it will look li

the u. s. and negation concludes that in august, drones strike and couple that killed 10 afghan civilians including 7 children, was not caused by misconduct or negligence. and the white house announces it will impose mandatory cobra vaccinations for the private sector and new year in the.

the u. s. will announce a plan to tackle those rising oil and gas prices at some point this week with the u . s. energy secretary laughing went after increasing production here at home was part of the plan. so joining us now to discuss the latest or with g strategist at bob trading and octavio marines, the ceo of openness, i'll be as great to have you both on the show today. now octavio, let's start with you. we've heard from china state grid is already warning that they're not of the woods just yet. so how does that type balance between supply and winter demand play out, especially with the ongoing pressure to cut down on the use of fossil fuels. but i think the chinese self into a lot of trouble because they've had such tight caps on the prices of electricity. so in china, the prices do not float. they're basically set by the state. and as cold price has increased, the lots of how plants in china was simply not able to get the money to buy the coal. they need to because they couldn't pulse is

i think from the u. s. in the south trying to see specifically, we know that china, for their part seems to have increased provocation towards pie one of the usaa saying that that's a red line and that they won't allow china across that. so there is a, there's a building up here, a provocation from both sides. it's not one side, probably getting the other. it's both sides. but i think that what china has to also recognizes that militarily the united states is more ready than any other country in the world to try to take it on militarily. and that is our status quo. what we've done in the past hour, you know, modus operandi has been when there is a, a strong challenger in the world. we go in and create disruptions for the china has not allowed that. including in hong kong, we can have a huge debate about democracy in hong kong. but there is no question that the united states was part of pullman team for right or for wrong. but part of for missing this attitude of democracy in hong kong and china put a quick

because many critics would say that the u. s. just 2 years ago was actually competing with opec, not begging opec to do more. why can't we get back to that situation? and is that entirely? again, a crisis of our own making. when you see us in the permian basin, they're going to produced $4900000.00 barrels a day in the permian, which will be record in the month of december coming out. that's incredible that we could do this in this country, but yeah, we have our administration look into overseas, asking them to increase production, but not put people back to work and get good clean. and that's what really is support here is the cleanliness of oil that we produce here in the state versus coming out of opec or bruship. we're especially canada, where we're importing for 1000000 barrels a day, easily the dirtiest all in the world, from how much they have to plan to burn their tar sands up there. so we should be putting people back to work here in the permian basin in mexico. and mexico too, because that's what's important for this co

there's a lot to get to get to and we leave the program with a follow up on the u. s. federal reserves move to taper monthly asset purchase. it chairman jerome pol laid out the central bank policy on wednesday afternoon today. the f o m c kept interest rates near 0, and in light of the progress the economy has made toward our goals, decided to begin reducing the pace of asset purchases. with these actions, monetary policy will continue to provide strong support to the economic recovery. beginning later this month, we will reduce the monthly pays pace of our net asset purchases by $10000000000.00 for treasury securities and $5000000000.00 for agency mortgage backed securities. we also announced another reduction of this size in the monthly purchase pace, starting in mid december and as onlookers, worried of a so called taper tantrum. it was apparently nowhere to be found as equity here in the united states were mostly muted on thursday, while global markets pushed higher into the days trade. elsewhere in the world's 5th largest economy, the bank of england also decided

and by the way, the single idea that the u. s. is producing less, despite what he said, he said, not much less well, we're producing less than we were before to go to japan and india and china and ask them to give us oil. it just doesn't make sense to a lot of people. the same thing with the call, so opec as well, that is, it has not made a whole ton of sense time now for a quick break. but when we come back, the pandemic has fueled the great resignation. and now companies are turning to robot to help the labor shortage. we'll discuss this with a future. it straight ahead as we go to break here the numbers with there is no shortage of growing tensions in eastern europe. there is a growing e u. barrow, stand off over illegal migration. there are western reports. russia is amassing troops within its own borders. and of course, there is the self inflicted crisis of european energy supplies. it is no coincidence. some are calling this hybrid war. but who is hybrid war against whom? we're seeing high levels, one certainty creeping in t

but also when i'm talking about the u. s. military, i'm talking about giving this problem the attention it deserves. this is not something i believe is really best set up for the guard to handle. this is something where i say president biden should have an executive order work with the department of defense, the secretary to fans, and say last allocate the necessary men women and equipment to get those containers unloaded off those ships, get those containers out of the ports, the big problem, no one's talking about is there several 100000 containers sitting right there in the ports to day. so they're actually running out of room to bring off containers input into the board. so we've got to clean that backlog out and being able to leverage military equipment to do this and allow these trucks to operate on the roads, which they're normally not allowed to do except in times of national defense and, and war. so i say give them the authority they need to do that. this is really a great opportunity from a bite and ministration

the u. s. is releasing strategic all reserves to bring down petrol prices of to failed, attempts to convince opec to boost production what i will never extent. it's medius who under the guise, if we are dissatisfied and he's pure pilots gets people. but that prime minister lashes out to protest is off the night sobriety against tough you cobra restrictions. this case is search unlocked down to re imposed across your had the leaks. new york police survey shows that more than half of the cities offices, of which they had never joined the force. we hear about the grubbing crashes. we have reworked the officials who campaign on promises. we're going to actively prosecute cars for you.

s. financial system as worries of a global contagion research that the u. s. federal reserve latest financial stability report, states stresses in chinese real estate sector could strain the chinese financial system with possible spill over to the united states. the sector has been in focus recently as one of the world's most indebted companies trying to ever grant group has word investors as the private property giant struggle to avoid default. and now attention is turning to kaiser group after people familiar with the matter, say the company needed assistance and paying if loans, workers, and suppliers. and also made headlines on friday after trading of shares for the developer were halted in hong kong due to reports and mistake, he payment. so with these mornings coming back, what are the risks of a global contagion that discusses boom boom, co host christy. christy was the take away from the bad comments regarding the struggling property sector in china. while they take away here from the fed is that humble and kind of that real estate sector could fill ov