what's the c.e.o. of our grace schroeder plus later there's 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 to tie daley who has 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 nineteen 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. yes 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 as 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 announce 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 as far as the three month average for jobs notwithstanding the downward revision we're still a 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 going to play in the 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

you're right steve when you point to that three months 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 you say what they're. 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 and 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 a part at retail checking and about twenty thousand manufacturing took a dip to thirteen thousand from december when it was over thirty but you also had the good news from the manufacturing index 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 yeah and it comes at a really particularly interesting time you know the fed met just yesterday 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 talked just a little bit more about that forty five years because there's some election economics at play here as the government of india and president primary rather

prime minister in a random o.t. 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 indian 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 us 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 go across look over in south america there you see colombia and brazil there and with venezuela we've been speaking about venezuela so much last ten or twelve days they. hey the government has stopped reporting data so those question marks there that 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 boot shaped nation seems to have stepped into a recession it only has now posted two consecutive quarters of negative growth with a shrink as zero 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 heading south into the indian ocean the small island nation of all dedes is the largest is the latest country 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 mal de abraham mohammad so late mr so way defeated an incumbent who favored the b r i well mr salafis ever did shift in diplomacy toward india china's regional rival of course and the united states but now mr pickens 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 and a potentially explosive interview with the financial times mr amir alleged willful corruption in major b r i contracts and claim that the previous 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 up at 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. the state owned oil company down for the weekend down for the year rizal the big aluminum company actually up for the weekend up for the year in shanghai and the nikkei two twenty five both up for 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 up 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 has reportedly been compelled to remove as many as four hundred

thousand products from indian cyber shelves after a lot took effect today those listings apparently put amazon at risk of violating the laws provision barring exclusivity 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 they all share is down under it's actually up forty six and france actually up or no by the way of the automaker for the week. and for the year as is the known dannon 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 his 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 here 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 in quite a cross the entire planet we see markets 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 already push to try to hook up americans on opioids the ugly effort was 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 secretary defense's office says we're going to attack and destroy the government and seventy 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 and easiness for. you know world of big partisan lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. as you read the sand have. no problem what has.

this that i learned a lot of i think rather across i thought the fourth down because of that. and that combative i don't question that you can keep an. eye on through china for all that you know that make them. hi michelle the terms of. the thing now and mind them and the and that's what i would hate. to leave. this whole place. and there's a. time when terry has said. a.

lot farther than after the whole front on the bus to have to jim and then i hope that our family and their. welcome back turning to cryptocurrency south korea's financial regulators have affirmed their moratorium on a national coin offerings or i c o o's 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 eighth seventeen. and here to talk about kryptos blog chain or to answer the question our security tokens the new darlings in the space the c.e.o. and founder of auto grace schroeder welcome grace it's so great to have you with us . so. you could hear her make sure she would distinguish security tokens from average crypto currencies like 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 blythe 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 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 great 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 spiraling in the suit led by massachusetts attorney general. healy representing over one thousand jurisdictions include an apparent smoking gun or smoking needle evidence perhaps in the high stakes legal battle over produce a profitable 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 ploy is 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 tragic because when you look at the scope of the problem here in the united states a lot of our addicts who get going on prescription painkillers 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 not to make wide of it but i can guarantee you farmers have more backaches and more pains 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. the united states can. use. tax on other countries. economic sanctions are often just the beginning another thing you like to do is play some military press or countries that you're talking about. and

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