and their experience of getting through this pandemic might be different from what people have in europe the united states the rest of russia but it's hard to tell that it didn't work out at the end of the day so this is it were a flight out of back to moscow and what that means well for one that means that i have to put my mask back on. when we watch movies that i think they typically make us worry about the wrong thing they make us worry about robots turning evil you know what the real threat of the past artificial intelligence is long but it turns evil but just that it turns very competent but has goals that are not aligned with our goals. so what we've got to do is identify the threats that we have it's crazy from day shouldn't let it be an arms race is on the off and spearing dramatic development only really i'm going to resist i don't see how that strategy will be successful very critical daryn time to sit down and talk. business boom bust the one business show you can't afford in this i'm rachel blevins in washington coming out here up is imposing new prescriptions on vaccine expo

yes, there is of awesome between eastern europe messenger europe. you're totally right though about the governments want you to stay empower. you also have to look at who has benefited follow the money. the pharmaceutical stocks, the fang stocks, facebook, amazon, netflix, on apple, google, microsoft. they have immense lobbying powers and their lobbying, current governments empower governments, want to stay in power. you've got a conservative one in the u. k. got left. anyone in the u. s. they want to stay in power. now quickly to answer your question about the east west differences, don't forget, in eastern europe there is a lower population density. there's a lower life expectancy, fewer people, obviously, elderly people. they're the most vulnerable their way, flew a fewer fuel flights in and out in the beginning of the pandemic. but also they look down quickly and very importantly, one of the reasons they look down and are referred to ion acrobat cross that he's a bulgarian political scientists. and he said, don't forget the eastern europeans wer

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 largest when it comes to c o 2 emissions. but in doing so, they will also be targeting beijing who still pr

europe is facing a major shake up and send teams announce the creation of a new super elite so will the backlash be enough to stop the deal with billions of dollars at stake all this gusset all next we have a lot to get to so let's get started. the state department is now warning americans against traveling to just about anywhere else in the world and a new guidance that puts 80 percent of countries worldwide on the do not travel list they plan to add a one $130.00 new countries to the category which is currently at $34.00 and it already includes countries such as kenya brazil haiti and russia the state department says it is working with the guidelines set by the c.d.c. but the update comes as top airlines across the u.s. report their earnings for the 1st quarter of 2021. and despite an increase in domestic travel over easter weekend the ongoing restrictions worldwide are still having an impact take united airlines for example which posted a $1360000000.00 net loss for the 1st quarter of this year on $3220000000.00 in revenue that's 60 percent less than the $8000000000.00 it generated i

that's where europe really needs this energy. so at this point, it's really about figuring out what is the best way to move forward. and the truth is, they don't like this because because many of these countries do want to move to renewables . but the way to get that price down is to sign long term deals that last $20.00 or 25 years, not doing the spot market pricing. and certainly as interesting to see how long are going to let this go on, especially as people are paying increasing prices and the temperatures aren't getting more and more anytime soon as we go along with this season. now christy has been mentioned, the leaders of china and russia will meet remotely. so how important is the u. 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

biden ministration warn the project would create unprecedented reliance on russia merkel noted that europe already relies heavily on russian oil and that backing out of the pipeline that is nearly 96 percent complete would have serious consequences and i think what i would like to. bring one which flows through ukraine is for that which. i have the impression that with north stream do we may be waging a conflict that is much wider and touches upon the question of the extent to which we won. and the energy sector if you. the us itself also relies on russian oil importing a record amount in 2020 but while his top officials have repeatedly threatened sanctions against germany president biden has called the pipeline a complicated issue and has stopped short so far from taking significant action over the project. president biden is now saying he's open to a compromise and in meeting with a bipartisan group of lawmakers he is hoping to garner support from republicans for his $2.00 trillion dollars spending plan which they have criticized for the use of the term infrastructure given everything it

so the real income of workers in europe is rising. that's a testimony to a lot of things, but it includes the much stronger position of their labor movement, which is able to make things happen there that we don't have here. and i think that americans are learning that they're looking fondly and enviously, and they're going to be moving in the logical direction to get closer to that. now we're speaking of the timing here. i mean, we've obviously been talking about huge supply chain constraints recently as all of this goes on and we look at strikes that, i mean, john deere, catalogs named best go just to name if you could, these cause further issues, they actually get employers to listen more so than they would have in the past. yes, but i think what we have to look at is, is to be a little careful here. and a little economics, basic economics prices rise. when the people who set prices choose to raise them, those people are called employers, employees on set prices, employers do. and when employers raise prices as they are doing now a

they're not going to sacrifice that for a big if the relationship with europe, especially because europe can get its own act together. brittany won't go with the rest of europe. spain doesn't go with france and germany on half a dozen issues. i mean, you're not, you're not making any logical sense. she's spinning the woman in the leadership role. she's spending an image and i hope, but there's not much substance for us to hold onto here. ok, so she got some big dreams and were just waiting to see if they actually play out. now christy, another part here is the fact that the commission president also proposed a ban on sales of products made using force and labor taking a direct shot at china over allegations. the chinese government has repeatedly denied. now this is a criticism we continue to hear from world leaders. so how is being responding to the latest claim? i mean, this is another big show, a political theater. it shows that the west is kind of taking a hard line approach to china. now that it's become an economic powerhouse, but it still has less of a hard line than that of the us

s. russian relationship once it begins to move gas to europe? well, i think the us backed off almost as a gesture of goodwill. but in doing so, it locked leverage so too, because if the entire goal was to advance us efforts to counter russia in europe, then it was completely ineffective. so now the project will only deepen your energy dependent on mark gal. and biden's intent was to not risk a transit atlantic risk with germany at the time when he's been trying to reach out to europe and allies. so in plain politics, you had to sacrifice a rope to gain a bishop. not that it was particularly strong leverage point either. i mean, the pipeline was almost pretty much close to completion anyway, so it was more of a gesture than actually doing a real favor. but now we shall be how it all plays out. because if europe becomes dependent on math for energy, then it would actually draw them closer and they'll deepen their tight and perhaps they'll be closer to them then the us who doesn't really offer anything they particularly need at this point in time.

into europe so russian gas counted for about 45 percent of europe's natural gas imports and $29000.00 and demand is growing so under the trumpet ministration washington was highly concerned that the pipeline would place russian infrastructure inside nato territory and thereby threaten its member states making it very dependent on russian energy going forward congress went as far as to authorize the use of sanctions against the company but now under the new buy in of mr sheen they're taking a little bit more delicate approach the administration wants to impede the project as i did and called it a bad deal for europe but at the same time it also wants to strengthen its relationship with germany which has been lobbying for the pipelines construction to continue so there isn't a lot of clarity of what exactly they're going to do but the project is essentially more than 90 percent complete already so trying to get it now is a bit of a moot point but in terms of optics now that has come to light the u.s. energy independence is completely false it may say u.s. seem entirely hypocritical so i

always managed to deal with the rest of europe. and with the you, those agreements could be given an extended every single one of them to the british right to the, to the u. k. and when i say you k, i mean northern ireland as well. and those are called a sanatorium photo sanitary re relations. and those pertain to everything veterinarian veterinarians cover with regard to meat products, which is of course sausages, and everything to do with any meat products. those could be extended, bought, it would take the u. k. the british agreeing to the rules and regulations under the e. u. which they don't want to do, and it would mean the e, you agreeing to just basically duplicate those rules and regulations, which they don't want to do. the 2nd option would be to have the same thing that they have. the you also has with new zealand, which would be to agree to common high standards, which you already has with the, with new zealand. now actually there is already in place that was great to 2 years ago. a what is called a common agreement. an

now let's go over to rachel for europe in the americas. thanks, fran. it's more of the same here as we start in the u. k, with the green arrow for the foot. see the index is out nearly one percent for the week with heavy weight minors and bank stock leaving the gains. however, the bank of england is already warning. markets could be improved sharp correction in the near future. if investors reevaluate the progress that has actually been made during the recovery nearby, the german docs and the french kac ended the week in the green. this, despite both taking a hit on friday, as soaring energy prices, keep inflation at 13 year high. the use energy commission is now saying the has enough gas in storage to last through the winter, but it is calling on individual states to provide relief to consumers as prices continue to rise across the atlantic in brazil, the best buy is up this despite new report showing annual inflation in the country has hit double digits for the 1st time in over 5 years. brazil central bank says it believes inflation peak in september

that have but look what's happening in most of europe we've got lock downs everywhere. cases a surgeon going with variance all over the place it doesn't look like this is ending any time soon so i don't think the cruise lines will recover even if we see things go back to normal and i know as well there's been a lot of talk about consumers investing their money in different stocks wanting to get in the stock market whether that stimulus money or otherwise how do you think consumers spending that money if they're not spending it on wheels or are they saving it and just making sure that they can survive. i think that's what we've seen we've seen the savings rate go through the roof so people are setting that aside which is absolutely the right thing to do if you're in such an uncertain environment we don't know what's going to happen really you know you shouldn't be out buying things or remodel your kitchen and things that i mean should be investing in real estate in the stock market or just saving it so that seems to be the absolutely rational thing to do that we've seen

meaning that you have fewer shipment traveling to europe from could tar. so as shipments of gas have turned from europe toward china, flows of pipeline gas to year from russia has failed to make up that shortfall. russia has been slow to deliver the pipe natural gas to the region, which raises a lot of questions on whether this may be a deliberate move to bolster in case we're starting to close the the noise stream to pipeline. and now octavio, there's a lot of concern that the soaring energy prices we're seeing across europe will make inflation even worse now, while proposed aid packages may actually help consumers pay the higher prices. how do they tend to impact inflation? well, i think just a mathematical certainty, the high energy price of 9 gas prices have lead to high inflation numbers. and you can see the very, very clearly in the face numbers for all that came out a few weeks or so. and let me go ahead and print the set. now if you take energy out of that, you basically hop european inflation rate down to $1.00. so that mean energy prices in parti

mosque the putting toxic rhetoric over the role of radical islam at the heart of europe. can send up has been brought in to deal with the growing global rules.

commission has been responsible for a lot of this delay which is worse than the pandemic in europe so you're seeing a lot of dissatisfaction with the european commission that has been predicted for many years and this is coming to fruition now only for the rich. strome our global business development consultant and ben swan blue bus coast thank you so much for breaking this down and a quick note before we leave today jeff bezos just announced that he will step down as amazon c.e.o. later this year and be released really place by 8 of us c.e.o. andy jessy he will still hold a part of the company as well as being the authority shareholder that's it for this time you can catch boom bust on demand on the brand new portable t.v. app which is available on smartphones a tablet to google play in the apple app store by searching portable t.v. or t.v. can also be downloaded on newer model samsung smart t.v.'s as well as broken devices simply check out the portable dock t.v. we'll see next time. look at the believe the key smear those who really can show you. that i suppose you noticed that us t

so that's around half of russia's total export to europe a year. but by itself more, it's going to have the capacity to need about one 3rd of the use import requirements. so it will definitely have a big impact once it's up and running. but currently, russian and german regulators are currently in a debate as to whether new regulation supply that were put in place after the pipeline was given its final investment decisions. but i looked today, and i don't think that the start of a flow on the really reduce prices and having effect this coming winter. it looks like that you is going to be stuck and locked to do some pretty high prices throughout the winter, particularly once we hit january, february and the reserves get increasingly depleted. now octavio, we know that norway has said that it would increase its exports at the same time. we're looking forward to the north stream to pipeline. but how does that pipeline play a role in this shortage and in it possibly continuing into the winter? well, i think central wilson grew pipeline. bear in mind, t

zeneca shows an average of 70 percent of efficacy across both doses there are currently concerns in europe over the safety of the vaccine for the elderly populace population with all of this in mind let's go ahead and take a look at the global vaccine rollout with our 2 correspondents i attended your sarwari so i ran 1st i want to continue something about russia and putin agree they were just talking a valid that you know all along they were saying that this would not be at a very high efficiency against called in 1000 but if you recall russia also faced a lot of international criticism after the vaccine was 1st approved before they actually have released their data from clinical trials now they have. since released their data which was published in a medical journal would you mention the lancet and that was based on clinical trials conducted on 22000 people now not only does it have a 9.6 percent efficiency but it also shows to not cause any serious side effects so that's huge plus wouldn't it be all a shot does not need to be placed in a freezer which has made other vaccines logistically

seen from india this week let's move to europe and the americas where we're seeing pretty much more of the same the footsie in london is in the green this week the bank of england left monetary rates unchanged but is preparing for negative rates in the coming months focus remains on the koven $1000.00 vaccinations in the region the french cac the german dax they're both up as well despite we conduct data out of germany the country stocks saw a little change us to miss optimism remains key here the drug regulator also said its excess assessing data on therapeutic anybody treatments for generosity and eli lilly moving across the atlantic in brazil the evil vest but it is of following positive sentiment around the world positive vaccine news from u.s. drug maker johnson and johnson also helped push sentiment up in mexico moving north to mexico that is to say be a v. is barely up this week with coburn 1000 cases still surging president under a cement well lopez obrador he said he is recovering from the virus investors continue again to watch the u.s. emulous you're seeing a trend here obvi

that is unknown right now as a supply and demand balances in a very carrier spot, europe and asia. they're facie shortages right now, especially as you get into the winter, which could potentially be dangerous. production isn't something that you can just stop overnight either. so it remains to be seen if fears of this 4th weight materialize or not. because if it doesn't materialize and we remain utilizing oil and gas at the same clip at this summer. now we'll definitely see a crank and prices rising to reflect that. and the thing is that it's kind of our fault, the usb pull back on production because of being emissions and the green agenda. europe also did this, that same thing. they, they slowed down on coal burning plants in order to put down emissions started china. and so basically we kind of dug ourselves into this on whole by trying to come out this green agenda when we weren't ready to make this have it yet. and we'll continue to cover this story. boom bust, chris, the i thank you so much for your insight. today, thank you. the biden administration is set to reengage china

ah, welcome back in the face of an ongoing energy crunch that is taking its toll on europe and asia. russia is again denying allegations that it is using energy as a weapon. a group of the law makers has gone as far as to call for an investigation into the russian energy giant gas prop. as they allege that moscow is behind the skyrocketing natural gas prices, in an effort to push for the certification of the north stream to pipeline. however, russian president putin argued that europe is not paying attention to reality during an energy conference on wednesday, he noted that russia has always fulfilled his obligations to europe, even at the height of the cold war. russia, as deputy foreign minister also said in an interview that moscow wants to work with europe to achieve energy security. and he revealed that guy's prompt has already started using supplies from its own reserve, in an attempt to help stabilize the market. morgan stanley has upgraded china's property sector to attractive, which is surprising, considering how worried investors are, as they are closely watching, to see wh

speaking of relations between europe and russia hungary just became the 1st nation in the e.u. to approve the sputnik 5 vaccine this comes after the developers filed for registration with the entire union while the country's leaders are now being criticized for acting before the e.u. has given the green light the c.e.o. of the russian direct investment fund argue that hungary is simply the 1st to realize all of the advantages of the sputnik 5 and to give the emergency authorization to use it he says the decision is based on the vaccine safety and efficacy of higher than 90 percent proven in clinical trials. in what could be a major breakthrough for the populations most vulnerable pharmaceutical giant eli lilly is now saying that it's antibody based drug could be the answer to preventing the spread of covert 19 in nursing homes according to a study conducted by the company the preventive drug reduce the risk of both staff and residents getting sick with coated 19 by about 57 percent the effect was even more pronounced among elderly residents which saw an 80 percent lower risk of

of this size it is similar cross other license koeppen 1000 vaccines a number of nations throughout europe have suspended use of the back scene due to these concerns the european medicines agency the block's drug regulator has previously said there is no clear correlation between the vaccine and the clotting issues. meanwhile reuters is reporting that the e.u. is considering holding talks with the maker of russia's sputnik vivax soon as the bloc looks to bolstered efforts its efforts to vaccinate it's 450000000 citizens for more on this in the state of the overall vaccine roll out let's bring in our t. correspondent saya tablature star what do we know about this so brand 1st if you recall the russian made vaccines initially faced a lot of doubts and criticism and not just europe but also the u.s. after was made available before clinical tests were released however that narrative about wouldn't it really started to change after their trial data showed that it was 92 percent effective higher than the astra zeneca shot and johnson and johnson and closer to the. pfizer vaccine now here's why t

the vaccine crisis in europe continues as the region's medical regulators announced wednesday that there is a possible link between astra zeneca is coated vaccine and the rare blood clots that were reported in less than 100 cases out of more than 20000000 doses of the shot that were administered. safety committee the for the good that you do it's in risk assessment committee of the european medicines agency has confirmed that the benefits of the astra zeneca back c. in preventing qubit 19. outweigh the risks of trying to fix the problem after and a very in-depth analysis has concluded that there are 3 cases of unusual. following vaccination with the astra zeneca vaccine should be listed as possible side effects of the vaccine meanwhile the same agency continues to hold its approval from russia sputnik me instead of claiming it plans to launch an investigation next week and whether clinical trials of the vaccine followed ethical and scientific standards but as the region's these are rising coated cases some are waiting for europe's approval leaders and madrid are calling on the spanish go

a boy in washington coming up with global and trust efforts have scored a major win in europe as grant has hit and google with a huge fine over at advertising practices straight ahead. we take a dive into the latest ruling and what ripples that could have throughout the tech industry. then we look at new efforts from g 7 nations to crack down on a tory tax dodging firms. we bring you analysis of the proposal from the group of the world, the wealthiest country and china as important numbers have served as a globe, has begun to recover from the economic damage of the coven, 1900 pandemic. later on we break down the latest figures and what it means for transportation for trade were day, was that right it and we leave the program with a new find issued against google by, for instance, anti competitive watch doc. now this find costing nearly $270000000.00 is for google abusing its quote dominant position in the online advertising business. isabelle, the silva, president of the french competition authority, said in a statement. the decision is the 1st in the world to look at the complex alge

and to do it, we can to make sure that the end result is that europe's energy security is not undermine infected, strengthened that your, that ukraine's position is not weakened, that it's actually reinforced. our goal remains to ensure that russia cannot use energy as a course of tool as a weapon against ukraine or, or anyone else in europe. good place to speak of in the conversation. we had tony made it very clear to me that there is an expectation in washington with regard to nord stream to so that we do our part to ensure that this pipeline cannot be misused by putin to exert political pressure on ukraine. we are aware of that and we want to do our part. we have done that in the past, and we have started to do that by helping to ensure that they will continue to be an alternative gas transit contracts for ukraine even if north stream 2 were to operate missteps. and joining us now to discuss his boom by the co host, an investigative journalist, ben swan. ben, what's the harm or difficulty that could be placed on your screen by russia? sending gas directly to germany? yeah, the harm,

now if you take energy out of that, you basically hop the europe innovation down to $1.00. so that mean energy prices in particular, natural gas which went up about 15, but just in august, a driving inflection more than anything else in europe. so the prices of the place and food and vehicles and reynolds and things. and that's all because subdued rate . energy is when you're striving natural gas. so it's a councilman, half of the place level in the european continent that's quite strong to see that. and i probably, you know, a lot of times when we talk about cor inflation versus overall inflation, we take those energy and food prices out. and that's because energy obviously fluctuate as demand fluctuate due to different season. but in this situation, when we're actually looking at kind of a shortage, should that we take more into account in inflation when you're trying to kind of decide policy based on that? well, i think policymakers like to take any price is going to make it look like reflection on there's a lot increasing this quickly reality. so yes, once you take out

get some competition from europe. we'll take a look at the latest plan for a global gateway project and whether it will be taking off anytime soon. plus natural gas prices are skyrocketing in europe, storing 35 percent in the last month. but will it be enough to get germany to clear the north stream to pipeline before winter is here? and since it began, the role of social media has been the democratization of the public fear where all voices can be heard equally. but recent revelation from facebook may show that some users, while they're more equal than others, with fact. so today i've read it and we leave the program with the european union's counter to china's belton road initiative. european commission president ursula, vendor land wide ranging state of the e would dress wednesday, covered a number of issues including the cobra. 1900 economic recovery, improving the black status and technology and developing defense capabilities. but another matter that stuck out was the push for the e. u to launch a global gateway

and the things that she says in back in september when inflation hit about 3.4 percent in europe used to be came out and said, we're going to curtail up on purchases. now we're not going to, we're going to slow that down. now she made it clear to the world that was not a tapering, but that was a re calibration. and so we should take heated that she wasn't saying we're, we're not staying in the course at now. she's come out and said that the models of the c b really strongly suggest that you can face is going to come down well below the 2 percent target. so we shouldn't worry. so i think the c b is a bit behind the fed. the fed had said few months ago, the inflation was transitory. now they've changed the tune saying it's going to go into next year in the middle of next year. sometime the e. c. b is a few months behind that they're still saying this is transit. we don't worry our model say inflation is going to come way down. i expect, by the end of the year, the be to, to be admission that inflation is to stay around for quite some time to come. and so i think yes, that definitely pla

nationally with some area seeing prices around 4 gas and diesel prices have also hit record highs in europe as well. 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 c

is boom bust the one business so you can't afford to mess i'm rachel leavens in washington coming up europe is imposing new restrictions on vaccine exports with a visual saying they need to focus on their supply of home just as long as it's not . a lot of the car accident off the coast of egypt is hitting the world's oil supply and it's estimated that around $13000000.00 barrels 30 impacted so far that is one of president trump planning a comeback in the form of his own social media platform and what can you expect from it one of the best at all that we have a lot to get serious for let's get started. german chancellor angela merkel is now reversing orders for a strict lockdown over easter weekend after the plan to close shops and churches was met with overwhelming backlash. she is one of many leaders across europe looking at a rising 3rd wave of cove it may seem while the clock struggles to meet vaccine demands if that crisis which says is prompting new restrictions on vaccine exports as it struggles to provide for its own citizens officials have largely placed the blame on astra zeneca fo

and with europe heading into winter expect natural gas prices to get even higher. now the question on everyone's mind is, will the astronomic energy prices carry over to the u. s? and the answer to that portion will alternately depend on what a winter weather brings. but the good news is that the u. 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 an

now take a look at this list travelers from europe as well as the u. k. china, iran, india, and brazil are all prohibited from entering the u. s. within 14 days of leaving any of these destinations now. those traveling from restricted countries will hold a green card or are an american citizens are allowed to enter the us with a negative cove in 1900 deaths taken within 2 days of traveling. but everyone else, however, is barred from entry. now this also includes visa. 8 holders who live work and pay taxes in the us. now this measure has been in place since the beginning of the pandemic and has yet to be revised, even as rates of transmission has dropped in the e u. and as we see large parts of the us population as been vaccinated, so as things stand right now, the rationale behind maintaining the restriction list is rather unclear. brent archie correspond size. tabitha? thank you so much. had time now for a quick break, but when we come back, the millionaire club has grown over the past year despite the cobra 1900 hand demik and the economic fall out.

big countries of europe. it believes it can hold on here, but that's kind of the mystery of it all. why they fight so hard here, since they've made very good profits over in europe, even though they've had unions from the beginning. you know, that's a really good point. i know that that's something that we've talked about before has been just how much power amazon seems to have here in this country. a lot of it seems to come from the fact that they get former u. s. government and members that then go on the board of amazon, do you think that it all comes down to sort of their lobbying arm that has allowed them to have so much power? yeah, i think it's the lobbying arm, but i go take a step further. europeans are committed to unionism, they've been committed for a long time. it's much harder to get the politicians there to be anti union. an awful lot of the people in those countries believe in unions, not that they on critical. they are sometimes, but they believe the workers get a better deal if they're organ

in time which means the next journey around is going to be delayed up into europe and while the canal is also a transit point for roughly 8 percent of global natural gas the blockage will add to an already rising middle east risk premium for oil and refined products and analysts say the delays could increase shipping up to 30 percent and a pro long disruption could impact close to primarily the european market and then the cork comes out as almost like a ketchup bottle then you get both all the vessels in the queue and the additional normal vessels coming into the northern european ports at the same time. so the longer this lasts the higher the risk that we're going to see massive congestion problems in the european ports say a week to 2 weeks from now now experts say it's a bit premature to assess the full impacts arising from the incident but they do predict that within the near term the blockage is likely to add to industry supply strains causing further delays meantime experts are investigating exactly what caused the ship to run aground reporting for boom bust trinity chavez r.t.

learn so the locked downs a definite coming in europe, the going to come hard. chrissy points out of the low grounds of travel bands in japan. those are things of spreading rapidly. 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

explain what is actually happening in europe currently. yeah, well, you know, we've been saying kind of tongue in cheek here for the last few weeks and months that winter is coming will now winter is here, right. the, the temperatures are in europe are falling dramatically. that means the need for more energy for heating is on the rise and the price of natural gas is on the rise . this. and there's a couple of really important points here. you mentioned about, you know, $300.00 euros per megawatt hour is what most countries are paying. but some countries like france or pay even higher than that closer to $400.00. and here's what's really incredible about all this is that europe has been for several years now. been buying their energy on the spot market, which means they don't have long term contracts a long term deals. this is been a huge criticism that russian president vladimir putin has had about europe. he criticizes the fact that they refused to sign long term deals with russia in order to bring down the overall price of natural gas.

vessel conducted proper tory works and tests over the weekend a spokesman for the pipeline told new europe the laborers for tuna has started works in the construction corridor in the danish ahead of the resumption of the north stream to construction all works are performed in line with relevant permits this comes despite brussels call last week to halt the pipeline completion in response to the arrest of alexey of all me the 18 mile pipeline that would bring russian gas to germany under the baltic sea which the us claims it would only increase europe's reliance on russian energy uncertainty remains under president joe biden and what actions he'll actually take the pipeline is 94 percent complete . on tuesday janet yellen was sworn in as the 1st female treasury secretary she was approved by senate on an 84 to 50. vote and is expected to play a key role in the economic recovery plan particularly biden's $1.00 trillion dollars stimulus package following the ceremony and took to twitter and said economics can be a potent tool to right past wrongs and improve people's lives for more let's bring

yeah it's interesting it's like a domino effect where this is the 3rd one that's come recently in europe against apple and this one's about $82000000.00 it's been brought against the company by an italian consumer advocacy group over their planned obsolescence of some of their i phone 6 models basically they're saying apple you're making these things to deliberately become obsolete so customers will be incentivized to go buy a new phone and there's 2 similar lawsuits belgium spain filed last month a 4th series expected to fall in portugal and this is similar to the suit that apple settled with the united states last year over the same sort of issues intentionally slowing down the performance of your older phones so you'll go buy a new one right and that one settled for around 500000000 to settle that case of course they didn't admit to any wrongdoing and i think this is our european counterparts saying hey you settled in the u.s. we want to see dollars for this too will it change their business practices though like you said we've seen a lot of fines but not a lot of changing in the way