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 illia ford was president of strome our global business development consultant and brent's one bacos thank you so much for breaking this out 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 release placed by 8 of us c.e.o. andy jesse 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. you can also be downloaded on newer model samsung smart t.v.'s as well as broken devices simply check out a portable dock t.v. we'll see next time. look at the bullies sneer those who really can show you. show it takes just be suitably. flat with that i suppo

and then again, it depends where you're talking about in europe. because in certain countries, you mentioned the center, the percentage that they will accept that the e c, b. germany, of course is way up, maybe like over 3 percent and that was ruled is unacceptable and not strict. so the e, c, b, have many different countries with many different levels of inflation. yeah, it seems like across the board it's higher than what we're being told over and over . yeah. you're talking about some of the issues here that are driving that inflation right now. at least that's what we're being told. right. and yet, i don't hear one single person in any position of authority in europe or in the united states who is recognizing, or at least acknowledging that the, the vast printing of money around the world. these huge stimulus programs that have been pushed into place or having any effect at all. in fact, they're pretending hillary that one has nothing to do with the other. how are we supposed to believe that? well, yeah, so now we're getting back to what the ex

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

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.

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, shoot, and harley davidson motorcycles. leaders 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 milestone in the renewed us partnership. and it is our global 1st in our efforts to achieve the di, company facing of the global production and trade. now this new agreement comes with one queer 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 production

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

deepening read through it over the role of radical islam of heart of europe. and the sex consent brought in to deal with growing global rules criminalizing intercourse without explicit approval.

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 or 25 years, not doing the spot market pricing. yeah. and certainly as interesting to see how long they're going to let this go on, especially as people are paying increasing prices in temperatures and getting more mer anytime soon as we go along with this season. now christy, as then mentioned, the leaders of china and russia will meet remotely. so how important is the you asked dialogue with specifically during the series of meeting? i mean that's 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, in the us are expected to be constructive

in this is going to have a massive impact on production on availability of goods in europe and in asia and while the 120 mile canal between the red sea and the mediterranean is the shortest route between asia and europe operators are now forced to reroute more than 150 ships waiting to pass through sending them on a 2 week extended voyage around the southern tip of africa further to the domino effect a vessel stock right now also swiss gets to late before it gets out to asia that's going to take it another month before it's out there but if the vessels don't make it out asian time they are of course also on able to commence that next journey with cargo from a ship back to europe 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 prolonged disruption could impact close to primarily the european market

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 core comes out it's almost like a kitchen then you get both older vessels in the queue and the additional mobile 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. . join

europe. we will gladly misses every month because limits of them will issue to 30 tariffs are increasing grain. you take ukraine, the same nuclear garage and use the problem was solution and use you. i think that they will pay about $200.00 per 1000 cubic meters, while their average income per capita is $230.00. it was because get the cookies who consumers.

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

other application so that is where the the bulk of things happen and it's interesting right now in europe for example the shutdown seats are getting more severe and worse even than they were just a few weeks ago so it's not clear that we really returning to normality anywhere in the world of the states but the balance of the risk look like we might have for the shutdowns and for the crimp some travel so picks that have to keep a very close eye on that and maintain the price ability but i think the price of me to see has been as a result of them sort of fine tuning their production a little more than i was if they were to keep an eye on that as always because opec class discussions kind of it they get a little bit heated but they always seem to kind of agree on got that the end of the day and keep this movement going michelle i want to move over to equities now after hitting record highs early in the session tuesday on renewed stimulus hopes the 3 major indices here in the u.s. the dow s. and p. and nasdaq they fell into negative territory and the dow however was able to call back some gai

and the public johnson and johnson also said it will proactively delay the rollout of the vaccine in europe as it reviews these cases with european health authorities and for more on this let's bring in our correspondent. brant just like there heard on that c.d.c. audio track the pause in johnson and johnson single does call the vaccine comes at 6 recipients experience a very rare blood clot now all 6 for a woman between the ages of 18 and 48 and all developed the illness within one to 3 weeks of vaccination now one of the 6 has died and his 2nd is currently hospitalized in critical condition but health officials are stressing that these are all their e rare and rants and if you take a look at how many people so far have gotten the johnson johnson vaccine which is close to $7000000.00 we're talking about one per 1000000 and when you give millions of doses of vaccine it's rare side effects like this just can't be identified in the clinical trials because if you didn't have millions of people in rolled in fact in the phase 3 trials of johnson and johnson there were a little over $43000.00 so

good news for boeing as europe union regulators approve its 737 max airline search for a new service european union aviation safety agency executive director patrick i said we have every confidence that the aircraft is safe which is the precondition for giving our approval but we will continue to monitor $737.00 max operations closely as the aircraft resume service on the planes they've been grounded since march of 2019 following the 2 fatal crashes that killed a total of $346.00 people on the $737.00 mark's already resume flights in the united states and brazil and it's already been cleared by transport canada this comes on the day or aircraft maker reported a record annual loss on its new 777 x. jetliner all deliveries of the plane were pushed out too late to 2023 which is a huge delay due to aircraft demand over the pandemic boeing reported a $6500000000.00 loss in the 4th quarter with an annual deficit of a whopping $11140000000.00. time now for a quick break but when we come back the u.s. federal reserve kept its benchmark interest rate near 0 after there today policy meeting to

because starting with the american travelers will be permitted to travel to europe. this comes after the, you updated its list of approved countries, allowed entry to the black, 27 members states and the us. well, it made the cut. that means that u. s. tourists should be allowed to travel to europe, even if they are back, said as long as they're able to show a negative cobra. 1910. for more on this, let's bring in our tea correspondence science, avager science brand. that's exactly right. if you've been waiting to travel to any of the use 27 member countries, now is the time now this came after the european council recommended that all 27 member nations live to travel restrictions for the following countries. take a look, but there's always a bud before you get on a plane. be aware that there may be catches, in fact, there are 27 different combinations of them because the e u is not required or even obligated to follow this recommendation. so be sure to read the fine print. now this includes what nationalities to admit, whether they require p c, r, rapid test upon ar

ah, the math is in wounds europe against trying to reach carbon neutrality. it rushes expensive into major gas prices. in the u, the russian president also blamed europe's preferred method trading, making it vulnerable to the current surging prices fall within the u. s. cell phone lines emerges, some member states increasingly sing, read over these determination to go green and so on. i think the santa marine faces potential trial for daring to criticize president bonds, africa pull out despite another officer being hailed a hero, 2 years ago were attacking donald trump.

last 2 or 3 weeks the german government the most german economy and government and most importantly in europe as signed made sure to cooperate with china i think any trade war relaxation as ben says quite rightly is what almost everyone wants who isn't positioning in so for her so in some political limelight with strong i think biden has a chance to try to work out a live than let live relationship with europe with china and so on and it would be a terrible tragedy for the world if this opportunity were missed when a lot of people are saying are expecting at least president biden as a politician for so long to be at least more predictable not as abrupt as we saw president trump during the last couple of years and then one thing rimando did not make clear was whether or not to crack down on chinese companies such as while we're going to continue why didn't she emphasize right about that well that's that's a complicated issue right if we as we've talked about before it is one thing to say we're not going to take as heart of a stance to listen i can support the idea of saying we're going to be v

could you mean europe and providers rehabilitation services the are you not? packages get stupid russian armed forces that have conducted an almost 100 percent vaccination campaign that has held to the cut down on the number of cases protecting the lives and health that the service men and to ensure the high combat readiness that the are we, we know that have been seminal severe cases in the armed forces and there are some not combat casualties, but overall of armed forces have that lean able to rise to the occasion going into the building. it's william in them with the military buildings units. how far away in lena, delivering issues with video, with the sites on time with a fur help to, to provide water to what you crimea to it's capital sebastopol they held to bid is multi service mater. functional centers, sir, was really michel aim for those in the medical services. so the news about didn't you that we rely on the ground wordlessly built over the past years on and little progress that's been achieved in science and technology. we need to continue upgradin

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 will last leverage so too, because it, the entire goal was to advance us at 1st to counter russia in europe. then it was completely ineffective. so now the project will only deepen your energy dependent on moscow. and biden's intent was to not risk a transatlantic risk with germany at the time when he's been trying to reach out to europe, ian allies. so in plain politics, he had to sacrifice a rope to gain a bishop. not that it was particularly a 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 mouth for energy, then it would actually draw them closer and they'll keep in their tight, and perhaps they'll be closer to them than the us who doesn't really offer them anything they particularly need. at this point

i, the supply and demand balance is in a very carrier spot, europe and asia. they're facing shortages right now, especially as you get into the winter, which could potentially be dangerous. production isn't something that you can just start 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 crunch 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 miss that same thing. nation. 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 our own whole by trying to come out the screen agenda when we weren't ready to make his head 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 chi

apple app store but what has it agreed to change and will google remove its ban net then software in europe is facing a major shake up and certain seems announce the creation of a new super elite but will the backlash be enough to stop the deal with billions of dollars at stake will discuss it 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 world. wide are still having an impact take united airlines for example which posted a $1360000000.00 net loss for the 1st quarter o

i think what's going on is a political dance in europe. the reality is that the europeans, and there's lots of evidence for this, are wondering whether they are alliance with the united states, which is traditional, which is counted on, can be sustained in view of the enormous importance of their dealings already with china. and the reality which they all know that the chinese economy for 20 years has grown 3 times faster than the american. and they're wondering which way to go, but they don't want to make a very difficult choice. so they cut the deals with china to keep that going, and they go through this little bit of theater. we just saw about competition and lots of money and we're going to do it. they're hoping thereby to keep the americans happy. but it's a temporized kind of action. i think you're going to see it does integrate in the months ahead. is certainly does seem like with kind of trying to perform some sort of juggling act. and it's interesting because you hear from some of the officials, they're talking, they're arguing t

but how is inflation playing a role for this guy was the energy crisis continues across europe, where prices are expected to remain high. we'll take a look at how the north through pipeline could provide much needed relief and why officials are saying it is don't months away from being a. then as 2021 comes to a close, we take a look at the progress crypto currencies have made. and what regulations we can expect in the coming year. we have a lot to cover. so let's get started. we leave the program with a travel nightmare that is still ongoing for many thousands of flights were cancelled on monday, bringing the total for the holiday weekend to more than $10000.00 flight cancellations around the world. now more than a quarter of those flights involved the u. s. where airlines across the board cancelled hundreds of flights, leaving thousands of passengers stranded southwest airlines for the blame on a variety of weather, an air traffic congestion challenges. while delta united and jet blue noted increase in stopping shortages due to stick calls as the latest coban 19 variance spreads acr

and i think that there's an important distinction there, at least in europe. they do recognize that yes, in fact, the antibodies that you get from having contract uncovered are better immunity than the vaccines, which in israel right now, we're requiring a 3rd shot just to be able to consider yourself fascinated so we are seeing that. and then also we're one of the things that we're seeing is those health passes. and ultimately what's that, what is that going to mean the difference between being a citizen and a tourist? because if you're a tourist, you just have to take a rapid p c r test and you can get into all those sites that you want to go see. excellent points against that are here. pence on jeffrey tucker. thank you both for your time. thank you. the time now for a quick break, but when we come back, the bank of england says it won't make any changes to interest rates from now. but what's the u. k? central bank have to say about accusations that it is addicted to buying bond. we'll discuss that, and as we go to break, here are the numbers out the clothe

now let's go over to rachel for europe in the americas. thanks, fran. it's more the same here as we started in the u. k, with the green arrow. 2 for the foot, see the index is out nearly one percent for the week with heavy weight minors and bank stocks leaving the games. however, the bank of england is already warning markets could be improved sharp correction in the near future. if the 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 your highs. the use energy commission is now saying the block has enough gas in storage to walk 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 above us. but is up this despite new report showing annual inflation in the country has hit double digits for the 1st time. and over 5 years, brazil central bank says it believes inflati

to new locked downs that are being imposed across europe, including in austria. and as a result, as i mentioned, it's been a rough week for markets. let's go to the u. k. first, where the foot c was down. this week the lennon exchange fell really pretty much all week long, but especially thursday and friday with much of the market responding to again that news that of austria of new lockdown and mandatory vaccinations for everyone in the country. it was the same story for the german dax, the french cack, which also watch markets drop, especially at the end of the week. the keep in mind, germany may be the next shoe to drop when it comes to renewed locked downs. germany's health minister did not rule out its own lockdown measures. moving over to south america where brazil's able best buy was also down this week, brazil's rio loss, one percent after a larger than expected rate hike, disappointed traders looking for an even stronger action by the central bank, heading over in north america. now, a little bit of a mixed bag this week, compared to europe, some north a

and the things that she says, i mean 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 heat that she wasn't saying we're, we're not stay 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 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 about, we'll say inflation going to come way down. i expect by the end of the year, the c b to, to be admitting that inflation is gonna stay around for quite some time to come. and so i think yes, that definitely play

very similar, dealings are being made by leaving corporations in europe and in japan. so part of this is a kind of political theater, right below which the very processes of the last 25 years are in play. and the leading capital is powers. the private corporations are doubling down on china. they don't seem to be worried that anything big is going to be changed here. i want to know one last point professor. well, poor guy got about 45 seconds left, but what can we actually expect to come from? the relationship between the u. s. and japan, if they try to counter the chinese influence, they're going to be torn between 2 objectives. it's the same with the united states in europe on the one hand, they'd like to get together to add pressure. but neither of them trustee job, neither the japanese americans or vice versa. beach is afraid, the other one will make to deal with trying to leaving them in the cold. this kind of tension never ends very well. my guess is now limp along as they have been doing and it seems like it's been going on for awhile and it's going to continue

lawmakers is looking to set limits on the facial recognition data used by police as europe takes action to regulate the use of artificial intelligence well that's got a lot to super league of european soccer is no more after it was hit with the major backlash so why is the founder now blaming brock's it. now said shortage of semiconductor chips is having an impact on industries around the world and it's forcing some automakers to cut our by the thousands we have a lot to get to so let's get started. the debate over police use of facial recognition technology is once again taking center stage a bipartisan group of u.s. senators is pushing back against police departments and law enforcement for purchasing access to location and facial recognition data the legislation the 4th amendment is not for sale act would ban the u.s. government and law enforcement agencies from buying location data and other personal information without a warrant it would also block the purchase of data that was illegitimately obtained by an act of deception hacking or breach of contract a stipulation that congressi

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 hope, but there's not much substance for us to hold onto here. okay, 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

but coming up short in europe they call the actions they are taking a last resort the communication of the companies difficult and all the attempts which been done and all the levels from the president of the commissions to the commission the responsible for how it's done to the director general. to resort to the legal action because simply you don't know what else you have to do because if you have quite a few member states who. start to see all. the new restrictions are supposed to be in place for 6 weeks but numerous questions around how the new plans to change course now after the block was slow to negotiate with the drug makers and then put stock in the companies like pfizer and astra zeneca only to be told they couldn't deliver but while european officials openly say they need more vaccines they are also telling russia that there is absolutely no need for the sputnik the as multiple nations within the block move forward with plans to make the russian vaccine available in europe in response to russian president putin question whether the e.u. is acting in the best interest of its

and when you also consider the fact that the price of gas right now, the cost of gas across europe and how expensive it is, is that basically if you do the math gas from comes out ahead by going ahead and running natural gas and oil through that pipeline, and just pay that $1000000.00 euro 5. wow, and i know, even though this is a pipeline between germany and russia, the united states always finds a way to get involved. and even though we saw that deal between germany in the us now the german government is calling on members of the us congress, not to sanction the north stream to pipeline shooting down concerns at the russian gas line will threaten ukrainian security. what do we know about those new calls for sanctions? yeah, what's interesting about this is coming from a couple of different senators, including ted cruz of texas. the idea here is very simple, which is that the u. s. wants to sanction, not only gas problem, not only do they want to sanction the russians for this pipeline, but they want to sanction anyone in germany who assists in the pipeline, including those who would

that have but look what's happening in most of europe we've got lock downs everywhere. cases a surge in game 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 see consumers spending that money if they're not spending it on leisure 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 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 it probably 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 h

and is this just the beginning of a very long winter in europe? we're joining me now to break this all down our co host an investigative journalist, been swan. and hillary ford, which president of straw mark l l. c. then let's start with you here. now you recently told us that germany's regulator had previously stated the certification of north street. she would not happen in the 1st part of 2022. now russia, deputy prime minister has agreed. so the biggest question here is why is it taking so long? well, apparently the process is a fairly lengthy process in order to make this happen though, russia deputy prime minister also said that the process could be a lot faster than they're making it. it seems like politics is tied up in a lot of business. some of it has to do with russia having to set up a corporation inside of germany and everything has to be run through that cooperation. but that can happen rather quickly. the fact that it wasn't already set up, it's kind of surprising to me, but i think what we're really looking at here is you're lookin

meaning that you have fewer shipment traveling to europe from guitar. so as shipments of gas have turned from europe towards china, so the pipeline gas 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 close the the noise stream to pipeline. now, octavio, there's a lot of concern that the storing energy prices we're seeing across europe will make in place and even worse now, while proposed aid packages may actually help consumers pay the higher prices. how do they 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 that very, very clearly in the inflation numbers for all that came out a few weeks. so inflation, you're paying present. now if you take energy out of that, you basically hop the europe innovation, break that down to $1.00. so that mean energy prices in particular,

there's been a lot of pressure this past year for energy to go greener in europe and even in china and india and china and india have had to back off of shutting down coal fired plants, simply because they're worried about energy shortages and potential lack of heat for millions of people during the coming winter season, so those cold fire plan, so now back on stream that should help in the short run. alleviate some of the supply shortages coming out of china plants. excellent insight, boom bus, spend swan and dean john, quote, my year business school. thank you so much. thank you. and if you've followed any news coverage in the last year, you've likely heard the term inflation more times than you can count. probably said it a couple times the last time, but in the united states and for that matter, the entire world headed for hyper inflation. well, that may be the case if you ask twitter in square. theo jack dorsey, just the twitter over the weekend to warn quote, hyperinflation is going to change everything, and that it is already happening. he then responded to another user to say,

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 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 don't set prices, employers do. and when employers raise prices as they are doing now at