this is boom bust broadcasting around the world and covering the world of business and finance for the impact on all of us i'm part children of washington and we're very pleased you've chosen to join us thank you for being with us coming up today the january jobs report for the u.s. is out with a whopping number we'll take a closer look at the data details and then take a little trip around the world and check out unemployment around the globe and security tokens are they the new darlings of crypto and blocked chain was the c.e.o. of october grace schroeder plus later there is new news on opioids and how one company allegedly pushed and tried to hook americans on the drugs they were wildly successful in that ugly effort todd daly who's written extensively about opioids joins us all that directly ahead but first let's get some headlines let's go. to a very good month for u.s. stock markets leads our global report today is the dow jones industrial average and the standard and poor's five hundred both record their strongest starts to the year

since the one nine hundred eighty s. the dow seven point two percent increase for january twenty ninth teen is now the largest for a january since one thousand nine hundred eighty nine similarly the seven point nine percent gain for the s. and p. five hundred index last month was the best performance in that month since one nine hundred eighty seven the strong market stock market rather returns may also change the market psychology as they seem to break a long string of current events and reports that seem to signal a downturn in twenty nine team veteran market watchers will note the january gains often carry into february but we'll see about that. on another front there is positive news for the u.s. economy as the official unemployment rate ticked up a tenth of a percent to a flat four percent for january the latest report from the bureau of labor statistics at the commerce department shows the number of jobs in the u.s. increasing by get this three hundred four thousand jobs last month in january that figure is well above. expectations closer to one hundred eighty thousand jobs among

the usual prognosticators and came despite that thirty five day partial government shutdown that we told you about perhaps more importantly for most americans the latest b.l.s. report shows wage growth in january maintain the previous month's level of three point two percent. so with three hundred four thousand new jobs that look super great and it is but get this the december numbers which we reported early january at three hundred twelve thousand were just revised downward and not just by a little it went from three hundred twelve thousand to two hundred twenty two thousand they were off by ninety thousand jobs boy grading on a curve i guess generally it said that they have a ninety five percent confidence level in the numbers from b.l.s. but with a ninety thousand job miss one wonders what was going on seems like perhaps some as they say fuzzy math and here to weigh in on the numbers is conservative commentator

steve malzberg hey steve these are pretty strong numbers but that revision in does that in december i don't know if it's troubling but it's weird isn't it. it is very weird to me that's a huge number it's not uncommon as you well know for revisions to take place and for instance in december as numbers when they announced the center's numbers in january they revised up october november for a total gain a fifty eight thousand but that was fifty eight over two months this is ninety one and it makes you ask the question well is this number this three hundred thousand plus number this month is that going to be revised but you know you have to take it for what it's worth and move ahead and the number is really great it's twice most twice what was expected heading into today as far as jobs you have also wages as you alluded to a skit consistent at three point two year over year it ticked up a tenth of a percent you have the labor participation rate ticking up a tenth of

a percent to sixty three point two percent there's been consistent growth there and as far as the three month average for jobs notwithstanding the downward revision we're still at two hundred forty thousand over the last three months average so it's pretty good and as far as demographics all the male of the black an employment a female and whites that remain consistent hispanics did see an uptick of a half a percent to four point nine percent. a couple of things so one i think you're right steve when you point to that three month number the two hundred forty thousand for the longer term going forward that's the number of people should be looking at because it gets rid of some of those you know variations in the rate visions and that set is really still strong but boy you know you see ninety thousand say what they're going going on and by the way steve you'll appreciate this i've looked at it because around election time in the states presidential elections one candidate or another always says well the labor statistics are trying

to skew the numbers and the bottom line is i've looked at these things i looked at them last year they don't just always revive up words are always read by down words as some may think they go back and forth they that they mess up both both ways. let's look at the various sectors or how did they do where were these jobs growing . well seventy four thousand jobs at leisure and hospitality food and beverage leading the way that's a huge number of fifty five thousand jobs and jobs in education and health services which is also a big number and then you get to construction fifty two thousand jobs better than expected and that brings the total over the course of a year to over three hundred forty thousand construction jobs apart at retail checking in at about twenty thousand manufacturing took a dip to thirteen thousand from december when it was over thirty number today which was higher than expected so you know again mining seven mining that put up about

seven thousand jobs so you know the numbers the reports every month you and i sit here and for the most part it's good good news yet they they said pretty much look you know we're going to be patient meaning maybe they won't have a rate rate hike anytime soon not in march certainly the next time but maybe it in june or in september now some will say this strong number may make them think that i think about march again i don't really think so i think it's all positive even if some of the even if it was a little bit ambiguous there with the change from december still very positive as are you always my friend conservative commentator thank you steve have a great weekend you too bar. and let's now take a little trip and see unemployment rates around the world and we got a good chart for you here russia and china in the four percent range but look there japan at only two point four percent hong kong apart from china is almost five percent and australia is at five percent and look at india at six point one percent

and india's interesting story here that's the highest unemployment rate in get this forty five years and i talk just a little bit more about that forty five years because there's some election economics at play here is the government of india and president prime. other prime minister in a random ots seems to have been caught playing a numbers game with those official unemployment statistics yesterday business standard reported the responsible agency of the national survey sample officer and s s o found unemployment to be at a forty five year high in twenty seventeen twenty seventeen not now not late twenty eight thousand or early twenty nineteen so that report would have been the latest official survey of unemployment if it had been released as expected in december but on monday two former members of the n.s.a.'s ows supervisory body the national statistics commission resigned in protest over the alleged suppression of the

report by officials of the modi administration so now not just the numbers are a mess now it's a scandal and threatens mr modi on the issue of economic management and that was really one of his key things as our viewers know central to his first successful election campaign and that all comes as these national elections are approaching in april and may in india but even at six point one in india some nations would love that rate right like in south africa look back at the chart here at twenty seven percent in south africa and even the you use some very high rates look there at spain and greece and o'boy greece that eighteen point six percent france at nine point one germany at three point three almost the lowest of all the e.u. countries and even the u.k. at the same levels as the u.s. at four percent unemployment across the whole of the eurozone it's not on the chart there but across the whole of the euro zone the rate is seven point nine per cent

and we going across look over in south america there you see colombia and brazil there and there they are an error we just don't know because they have not reported there were no do numbers that we thought were good enough to show all the boom busters i suppose that speaks to the chaos in the country. in only the famously book shape. nation seems to have stepped into a recession it only has now posted two consecutive quarters of negative growth with a shrink as of point two percent in the fourth quarter of last year while the eurozone as a whole was barely in positive territory with point two percent growth the figures suggest that italy's fractious coalition government having recently struggled to get the european commission to approve their budget plans may face continue difficulty in trying to enact and fund their election promises and get the italian economy growing again. and having such or rather to express serious reservations about china's belt and road initiative the b r i as we reported last september an

election has brought to power a new president in the mild deeds ybor him mohamed so late mr soulé defeated an incumbent who favored the b r i almost just a life saver to shift in diplomacy toward india china's regional rival of course and the united states but now mr soul is picked as finance minister abraham amir is asking to renegotiate the nation's b r i related debt to china and alleging that debt was significantly inflated by corruption in a potentially explosive interview with the financial times mr amir alleged his administration quote knew what they were doing getting kickbacks from contractors that's why the contracts were priced too high. and it's time now for our global weekly market wrap up but we shake things up a little bit this week as we told you at the top of the show a best month for the new york stock exchange in thirty years in the u.s.

so what about the other markets we look at around the world so far this year and this may surprise a lot of you here we go to the moscow stock exchange there we see that they are up for the week and then they're up for the entire year by the way a rosneft the state owned oil company down for the weekend down for the year roussel the big aluminum company actually over the week up for the year as is the hang sang in hong kong both the a.s.x. down under actually down for the week but up on the year and moving over to india to mumbai to the bombay stock exchange down for the week but for the entire year and i want to stop here in india because it's a very interesting story there in the news today u.s. based amazon they put amazon at risk of violating the laws provision barring exclude. seventy arrangements and sales of products from sellers at which the retailer has equity interest while amazon is visibly scrambling scrambling to

quickly comply their rivals may be rushing to play catch up before a long flipkart for example which was acquired by wal-mart last year may have to remove as many as one in four products currently for sale we'll see how just this all works out in the future we'll keep tracking it and the all shares down the year and the cac cac forty index in france actually up or know by the way of the automaker for the week and for the year as is the known down in the yogurt company and the dax is down for the week but also up for the year. the owner of mercedes benz and a few other brands is up for the week and the year as is b.m.w. another german company we all know the footsie in london up and up even with all these concerns we tell you about all the time and down in south america the coal cap is up for the weekend up and get this we've talked about the i believe. so many times and it's always been up up up right well it's actually down for the week but

still up as you can see there for the year and the t.s.a. x. in toronto up each week for the year and therefore up for the year and of course we told you about the gangbusters stocks both in new york at nasdaq and in new york stock exchange so if you look all the way across our planet for the first month of the year all green arrows really pretty incredible we'd all thought that the economy was maybe headed down and not just in the states but across the entire planet we see markets up for the month of january sort of a shocker and very interesting. and time now for a quick break but hang with us because when we return we asked the question are security tokens the darlings of crypto and block chain gray schroeder the c.e.o. octo joins us plus one company's wildly and the wickedly successful todd neely was written extensively about opioids joins us as we go to break you're the numbers at

the closing bell we'll be back in a flash. us veterans who come back from war often tell the same stories. we're going after the people who were killing civilians they were not interested in the wellbeing of their own soldiers either they're already several generations of them so i just got this memo from the circular defenses office says we're going to attack and destroy the government and seven countries in five years americans pay for the wars with them money others with their lives if we were willing to go into harm's way and willing to risk being killed for

a war and surely we can risk some discomfort for an easy miss for peace. looks like the beginning of the french revolution where there were no egos i mean such a movement these people that you know various they didn't know each other then never went on most of them never went to demonstrations after craftsmen the middle class people from the working class background that's what they are. by the sound. of what i saw. that i know it was. rather tough i thought the fourth down. and that combative but i'm catching the new. kid and. i know it is

a channel for all that. you know that make them. them best. the hate on the innocent. because it's whole. and there's a. time when terry has said. they have a. model for them after her for this to have to jim and well i hope that are familiar. with. how curious financial regulators have affirmed their moratorium on initial coin offerings where i see zero as the country's financial services commission justified

the continuing ban by citing a survey that they say indicates that i.c.a.o. organizers based in singapore has have misrepresented their investor base in order to conceal the role of south korean investors and other information important to regulators the ban on i.c.a.o. first took effect last september of september twenty seventh team. and here to talk about kryptos blog chain are to answer the question our security tokens the new darlings in the space the c.e.o. and founder of octo grace schroeder welcome grace it's so great to have you with us . so grayson if you can hear me or make sure it's like a bit coin and ripple let me tell us how the tokens fit into the overhaul block and the crypto eco space share just to clarify because the word block chain is used across the board in a lot of different scenarios let's put things into three simple categories crypto

currency and i would put there are things like coin ripple payments. crypto currency is that are used as as value in and of themselves the second area i would talk about is block chain business models and utilizing the block chain technology to do a better job of something that probably already happens today in the majority of those types of projects that you hear about are in the supply chain area whereby companies are now putting a trusted path of data on a block chain so that all of the interested parties can trust that the data is correct they can all access the data in one place and that's sort of in the area of enterprise permission block change the most interesting part i think the most interesting extension of the original crypto currency is now how we're going to use digital assets to represent traditional security so picture in the not too distant

future instead of an i.p.o. where you might have a share of stock that that stock would actually be represented by a digital asset and the reason for that evolution is that the underpinnings of the technology associated with block change just lend themselves to that use case in a way that is sort of almost indisputable on a going forward basis so grace why wouldn't you know i know for example you're going to know this and some of the boom busters will to digital last which was headed by boy masters used to be with j.p. morgan she left a few months ago. but i know they were doing a beta test at the australian stock exchange trying to you know get block chain up and running in exchange i mean why wouldn't the exchanges just go ahead and put their whole exchange on the block chain. so i would say that there's always going

to be for the forseeable future the traditional securities infrastructure that's been operating you know for over fifty sixty years it's not going to go away overnight i think ultimately you'll find a new set of systems out there so the exchange of the past is actually going what's going to be called in the future an alternative trading system because because from a regulatory perspective they are actually two very different things you know people ask me all the time you know the big the bigger question is why bother why don't i just continue the stock certificates for what they were intended they did a fine enough job all those systems already work in the long run and having a digital asset a digital representation of a security i believe is going to bring east shoers into better contact with their underlying investors so instead of sort of that you know one degree two degree three degree of separation that you have by holding a share of i.b.m. tomorrow you might hold several different types of tokens that you that represent

your ownership your equity ownership in a company but because of the underlying technology issuers will be able to give you perks that are associated with your ownership and other types of relationship interaction that really form you as a brand ambassador for that particular issue or very well said grace will want to have you back and continue this further we sure appreciate your time grace schroeder the c.e.o. and founder of thank you guys have a great we can appreciate that you too. and turning back to the u.s. to the enormously profitable business of legal opioids more startling evidence has been revealed in a lawsuit against the sec were the seculars as you may recall are the founding family of produce forma and now regarded by some as the first family of the u.s. opioid crisis some call them drug pushers the latest filing in the suit led by massachusetts attorney joe. healy representing over one thousand jurisdictions

include an apparent smoking gun or a fatal product the powerful opioid oxy caught in the massachusetts ag introduce evidence in an e-mail sent in two thousand and eight from dr richard secular son of produce founder to company officials instruct exhibit poised to quote measure our performance by prescriptions by strength giving higher measures to higher strength apparently rewarding their company's sales staff for more potent and more addictive prescriptions mr secular has previously denied any personal complicity in effort to push pushes the word the dangerous drugs. and here to discuss is todd nearly has written extensively about opioids and is a staff writer at d.t. and progressive farmer welcome todd we know you've covered this so much and we're really grateful you spent some time with us what do you about what do you make of the news about the seculars. well thanks for having me bart you know it's really it's really

a lot of our addicts who get going on prescription pain killers basically need more and more of the drug as they go along to maintain whatever addiction they have and so if this is true what we hear the concept of a drug company putting higher and higher doses into their products is really tragic because i think you know as we look down the road toward solutions i think one of the things we need to do is to look at ways of controlling how much gets out into society and this certainly is not a good way to go about it so it's one it's the more potent drugs getting into the system but i mean isn't it a lot of doctors prescribing the drug for you know the run of the mill things i mean you know i've got a headache give me oxy cotton. yeah you know it's specially when you look at you know we looked at this issue extensively here in rural america for example you know agriculture is a very labor intensive oftentimes very hazardous line of work. and so

the very fact that you can go to your doctor and get a pain pill you know many of these situations are very much legitimate we've got guys out on the tractors who who need these pain medications just to function on the farm at times and so. yeah i think the availability of hydrocodone and all these opioid painkillers that we hear so much about the sheer availability and the sheer volume of those that are out in the public is quite startling and i assume people can go to the progressive farmer website because your series that you did on this is really incredibly written with some heartbreaking stories but it's not just real america i mean it really hit every corner of the country right. absolutely you know i think a lot of people think of this is an urban issue you know obviously the majority of our population in this country is in the big cities. but when we started looking at it since about one thousand nine hundred nine the scope of opioid related overdose

deaths has actually switched it used to be that in urban areas the rate was much higher than in rural areas and it's switched around two thousand and fifteen. and so i think that when you look at this issue as a whole. you know all the resources that we need to come up with for the rural problem is quite quite breathtaking with there have been some estimates that it takes about six billion dollars a year at least for the next ten years just to build out infrastructure you know treatment centers different things that addicts and people need and so the really the sad part of this is that you know another example we've got ninety two percent of all the treatment centers in the country are in urban areas. and so you figure out if if the if the addiction crisis is switched to where there's more deaths and we're in a rural america we're in a situation now where we just don't have the treatment centers and that some point has to change and more patients in the neck

a lot from the government than other people in the country todd neely's staff reporter. and progressive farmer thank you so much for your insight and thank you for your great work in writing we sure appreciate it. thanks for having me. and that's it for this time thank you for being with us you can always catch us at youtube dot com slash bulldust r.t. and you have a great week and we'll see you next time. what politicians do to. put themselves on the line to get accepted or rejected. so when you want to be president and you. want. to go on to the

press that's what before three in the morning can't be good. i'm interested always in the waters of the. west should. united states. and its tax on other countries. economic sanctions or are often just the beginning another thing you like to do is play some military pressure on the countries a talking about. and there has to be an effort to demonize that country and the leader of that country. have a responsibility for the whole. us there will be. a. streak

of us still a country's oil you know just touch on this. momentarily i mean scotland does have a lot of oil and the whole thing is mightily confusing so the us could consider invading britain right now during this breaks of turf awful and take control scottish oil i mean i'm all for let. me. know. i'm not a little. bit. closer than with taking the patients away.

the u.s. secretary of state suspends a key nuclear arms control treaty with russia and. compliance from moscow a claim that the kremlin denies. russia has jeopardized the united states security interests and we could no longer be restricted by the treaty while russia shamelessly violates. trust reactions from.