but so far, the white house has refused to offer many concrete details about monday's agenda. and so while the vitamin ministration is in place, these topics on the agenda, the tear is expected to be a major policy priority for beijing. so most likely they will be the ones to bring it up. why are we going to say it seems like maybe they're setting up for they thought there might be multiple virtual summit in the future, and that's when they'll get to those economic issues that are so important as well . my co how it's been swan and chris the i thank you both. thank you. from sony to test let's a, b, m w. there's an ongoing shortage of semiconductor chip that become a choke point for tech industries around the world. but while intel has pitched a plan to boost its production of the thought after components, the by ministration disputed its plan to ramp up manufacturing at a plant and cheng new china. according to people familiar with the issue cited by bloomberg. the president has continued trumps crackdown on chinese tech j like while way and v t rejecting fcc license request

on thursday, the white house deputy press secretary with asked about the decision from opec plus . as you remember, we engage with relevant opec plus members a few months ago as well. urging a compromise solution to allow proposed production increases to move forward, which they did, but more can be done. now is the time for majority country producers to stabilize energy prices and ensure high prices do not hamstring the current global economic recovery. and joining us out discusses kirk edwards, the former chair of the permian basin petroleum association. kirk, i want to get to the white house here in just a few minutes, but i want to start with this opec decision. and we gotta get to the why. what is the rationale behind the refusal of opec plus to increase production as prices continue to rise? they were 1st of all, thank you for having read again or to visit the on this. but you know, to me, opec, seeing all the commodities across the world, they see still you're seeing coal, you're seeing the refrigerator is everything going up and cries and so all gases, donovan price to so i

and the quote successful response from the white house. the sentiment was echoed by national economic advisor, brian d steering appearances on sunday as well. the also told a b c news that the recently signed infrastructure bill would help to stabilize strain supply chains and flow inflation. meanwhile, after consumer prices hit a 13 year high for the euro zone and october, european central bank president christine, the guard admitted it will take longer to decline than originally expected. the concession came during an address to the european parliament economics committee, where her comments suggests that the e c, b, will revise upward, is its expectations for rising prices and put off any interest rate hikes in the coming years. so what is the take away from all of these wranglings? rising prices? well joining that discuss is octavio mirandi. he's ceo of optimist. l l c. now octavio, i want to start with the us. it seems like gallon is trying to say all of this is due to the pandemic, which we've obviously heard for over a year and a ha

we do know that according to the white house, the president was supposed to lay. busy out what they called guard rails that were kind of let china know what lines to not crossover. but apparently those guard rails never came up and i think that is the key point here. so let's go deeper on this issue and bring in danger, unquote, to the miami, her business school to discuss these issues with us and think, well, it's good to have the here. how will this issue of taiwan impact economic relations between the u. s. and china moving forward, because again, whether president biden conveyed a stronger message to china or not, and maybe that's being debated right now. china is certainly claiming that the u. s . has not. well 1st, it's very important that the tone for the, from the top was set constructively in this conversation. and that tone from the top will ensure that the negotiations that occur among junior bureaucrats in various fields, whether they be military trade, taiwan will be construct, will be undertaken and a cordial and respectful way. some of the rhetoric

i mean, it appears that the white house has basically back anything to protect taiwan and this. all right, so the question is going to be, who do you believe? do you believe the president, by naturally didn't back taiwanese independence? i think that's probably doubtful, but here's what we do know. we do know that according to the white house, the president was supposed to lay out what they called guard rails that were kind of let china know what lines to not crossover. but apparently those guard rails never came up. and i think that is the key point here. so let's go deeper on this issue when bringing dean john quote to the miami, her business school to discuss these issues with us. i think, well, it's good to have you hear. how will this issue of taiwan impact economic relations between the u. s. and china moving forward? because again, whether president biden conveyed a stronger message to china or not, and maybe that being debated right now. china is certainly claiming that the u. s. has not well 1st, it's very important that the tone for the, from the top was set constructi

so here's the statement from the white house quote, if we want to continue to build on the economics a success of this year, we need stability and independence at the federal reserve. and i have full confidence after their trial by fire over the last 20 months. that chairman powers and dr brainer will provide the strong leadership that our country needs. this was a statement from president biden on monday. so let's break down exactly what this means because it means a lot and who better to talk to the former fed insider danielle dean martino booth . danielle, thanks for being here. so jerome pal will say on is the fed chairman. it appears and president biden will also nominate for governor leo brainer. does the vice chair of the central banks board of governors, but in the statement that we just read, president biden the same, we need to build upon the economic success of the past year. it's obviously spin, no doubt about that, but come on, economic success as a result of fed policy. what am i missing? it doesn't seem like you're missing a thing and by the way, thank you so much for

johnson as well when you have the white house kind of say, hey, we back to the you with? well, yes, because he's kind of being flat down by the u. s. and the you and sort of ganging up on him, however, of course, biden and the u. s. really has to keep a foot in each camp because the u. s. doesn't want to also alienate the u. k. one of the strongest best allies that the u. s. as of people can say that the special relationship is over all they want, but the u. s. has always historically dependent on the u. k. for military support, international support and legal support. absolutely. will hillary for which board member with the british american business association. thank you so much for joining us. event. and finally, with ongoing supply chain issues, it is becoming increasingly difficult to get your hands on one of these latest generations of video game cancelled. but you might have a chance if you're willing to spend a pretty penny. now we're not talking about hitting the over inflated retail market . that would be just too easy. instead of gucci is producing 100 limited

and it doesn't seem to be getting better, even though there's a, there's a, a white house task force. it's been assigned this, even though the rules surrounding the time that these ports are open has changed. why is it taking so long to get this particular situation? in long beach, in los angeles, why is it taking so long to fix this was really inadequate planning and forecasting and or dependency on using what's happened in the past to predict what's happening today. that sort of looking in the past is not helpful because the present has change be before the tomorrow at spec, a normal consumer, but consumer returned to nothing but normal. there's also been huge. shares in government been regulations that have been driven by changes in pen demik protocols due to local law searches and rapidly changing travel restrictions. and this have in turn, caused huge fluctuations in transport cost. shipping container costs, for instance, have exploded, followed 10800 percent. and also there are container and yard management factors like port congestion that you just talked about. and labor short

basically, we blaming the cartel for rising gas prices in the country after the white house is of course, called on opec to release more supply. what do you make of this comment? i mean, obviously, oil is that on the global market, which opec for the most part control? yeah, i think that's a fair point. but i think there's the more obvious absurdity of our national energy strategy in the name of the carbon is ation. and with the democrats playing politics and vilifying u. s. energy producers and pipelines, we have reduced us production and prohibited many drilling avenues that would have brought us not only energy independence, but also kept prices down. so biting was elected largely on an anti trust platform, which included not just a verbal smack down for us energy sector, but also real constraints put on capacity growth limits. and, and i think in this respect you reap what you sow. jennifer can blame opec and clearly they are. price mover is definitely a factor, but i get a little annoyed when people in parties can't take ownership of their mistakes. in . as a reminder, we're just no

and pressure builds on the white house to deal with the record immigration crisis that does thousands more migrants set off from southern mac.

and the white house announces it will impose mandatory cobra vaccinations for the private sector and new year in the.

we'll talk about that in a 2nd, but on friday, just as an example, right, the white house, once again, pressing opec, an opec plus to increase production. fascinating, 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 produce $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 looking to overseas both asking them increased production but not put people back to work and get good clean. and that's what really is important here is the cleanliness of oil that we produce here in the state versus coming out of opec or russia. we're especially canada, where we're importing for 1000000 barrels a day, easily as the dirtiest oil in the world, from how much they have to plan to burn their tar sands up there. so we should be putting

because the white house has made meeker attempts to rain in the rising costs for american. and one of the big aspects here has been rising fuel costs. so they've even called on opec to increase oil output to stabilize rising gas prices in the us . but on the other hand, they're message tend to be that the economy recovered too fast is just doing too well. and that's why we're having all of this crazy inflation. what do you make that comment? if 1st of all, you know, they want opec to produce more, but they want domestic oil and gas companies to produce less. you know what, we need to produce our own oil. i'm not big the opec nations to produce more. but you're absolutely right on the, the, the whole concept of this, of inflation and the idea that is somehow the price we pay for prosperity. this is nonsense. i mean, governments have been trying to rationalize and blame the public for inflation. you know, for decades, it's not about the economy being too strong, it's actually about the economy being too weak. and because the economy is so weak, where printing all this money,

house. in fact, the national debt hasn't hit 0 since the andrew jackson administration in the 830. but major event such as world war 2911 and the great recession has added to it significantly over the years. and many may remember when the national debt hit one trillion dollars for the 1st time back in 1981. the ronald reagan administration combined an increase in defense spending with tax cuts. the deficit increase slightly under the clinton administration, and it stood around 5 trillion dollars with george w bush took office, but he didn't his administration more than doubled that none break over 10 trillion dollars. president brock obama then doubled it again, raising the national debt to nearly 20 trillion dollars. now, in order to fully understand how the national that impacts the country, we have to look at where it stands compared to our gross domestic product. now, last year, spending in response to the pandemic brought the debt to g d p ratio to 105 percent marking its highest points

house to the course i called on, packed, or luther reluctant for supply. what do you make of the comment? i mean, why be asleep? i oil it around the globe from the globe. full market, which opec for the most part control? yeah, i think that's a fair. i think that's a fair point. but i think there's plenty more, plenty as absurd and plenty of our national energy point, our national energy point, our national energy point out that asia rabbit, the democrat, it's bradley will take him to grabs. dr. vilifying you identify its energy, identifying users vilifying, high blood, vilifying, and vilifying. we have redefined us production production and, and in many and drilling, many and many andrews that would have and of brought us and not only energy and pendants but also cap and pendants, but also kept and pendants but also kept in prices down prices down price. so price, so price biden price was price elected largely on price and had largely on a price and had largely on a price a trunk platform pricing platform pricing, platform price, which included which is j

the number of people on the earth will send them all the space and then he'll charge them $250000.00 white earth, a visit to come visit baggage. so basically he can one day make up space garbage will be average humans will be fired out into space and you can come visit his house called earth if you'd like. it is incredible though that just goes has been not even to spade. let's be honest. mother doesn't really been to say he's made up just enough to see the curvature of earth. he's come back down, but that was the expert, right. he knows all about it and the future of mankind existing in space. a little bit of narcissism here. yeah, they think they own humanity. they think it, look, i'm not opposed to place to stay tech port ation. that's not what they're doing. this is 1000000000 air space tourism is what this is incredibly wasteful. you know, what was it? one trip on sex is $395.00 trans atlantic flights worth of c o 2 emissions. and this coming from like a lawn mosque because like trying to save the planet with electric, like it's laughable. and you know, they are pillaging the earth. a