and that is all for now thanks so much for your company throughout the morning and the afternoon him and international jacqueline vega bring you the very latest headlines in 30 minutes. this is boom bust the one business show you can't afford to miss or in washington coming up congress has officially certified joe biden's election win paving the way to his presidency and world markets are reacting positively straight ahead we're going to bring you top notch market analysis plus amid the turmoil in the united states coping $1000.00 still continuing to ravage the nation as it has seen its deadliest day of the pandemic r.t. correspondent. is standing by to put those grim numbers into perspective and on the other side the big point of monstrous crime could to news shattering records but

can the bull run to see itself we analyze the boom in the cryptocurrency sector with a packed show today so let's dive right in. and we lead the program with the biggest news story on the planet the day after protesters stormed the united states capitol during the so-called save america rally in support of president donald trump now the action came the same day the u.s. congress was set to certify the results of the 2020 aleck's it and as you can see behind me this event on capitol hill was front page news on nearly every major newspaper worldwide allies of the united states throughout the world commented on the situation. so yesterday the unsettling pictures of the storming of the u.s. congress these pictures made me angry and also sad i regret that since november president trump has failed to acknowledge his defeat and that includes yesterday what happened today in washington d.c.

is not america differently. we believe. in the throwing thought of all democracies. we believe in the strength of american democracy and beyond those who actually spoke in front of cameras some leaders took to twitter to comment including u.k. prime minister boris johnson who wrote disgraceful scenes in the u.s. congress the united states stands for democracy around the world and it is now vital that there should be a peaceful and orderly transfer of power now meanwhile iranian president hassan rouhani he said the chaos illustrates the privileges of america's democracy putting much of the blame on the sitting u.s. president what we saw last night and today in america demonstrates to failure of western democracy and reveals how fragile and weak is foundation is we saw what calamities a populace has imposed upon his own country over the past 4 years he's blemish the

dignity and reputation of his country. and while the storming of the capitol forced lawmakers to actually take a recess and shelter in place halting the certification of the election the process was finished in the early hours of thursday morning making joe biden officially the president elect biden will assume office on the 20th of january interestingly markets the united states were relatively unfazed by the turmoil in washington with the dow closing wednesday at fresh record highs and following the news of the certification in the early morning hours world markets continued to rally into thursday with nearly every major index seeing gains here in the u.s. we're looking at another set of record highs for the dow and s. and p. 500 with the tech heavy nasdaq crossing the $13000.00 mark for the 1st time ever so for more on the state of markets and the economy let's go ahead and bring in michelle snyder she's the managing director of the market gauge group and author of the bestselling book plant your money tree guide to growing your wealth and boom

bust co-host christi thank you both for being here chrystia i really want to start with you here we've heard so much in the last 24 hours about what happened here in d.c. and many people call it an attack on democracy yet markets appear healthy in fact in the u.s. we're hitting fresh highs why is that. well i wouldn't exactly call the markets healthy but it is headache fresh eyes and some of the nasdaq topping over $13000.00 so the markets there are not looking at the protests at all they're looking at the fact that congress has confirmed the election of joe biden as president and as such this is the big uncertainty overhanging sentiment that just got lifted so now there's clarity and the markets like clarity and certainty still on top of that traders are also looking beyond to the increasing prospects for more successful stimulus so they don't care what happened in the capital yesterday to protest no matter how disturbing or shocking and look no matter how bad it looked as

a public image it where i had absolutely no bearing on the direction of the economy earning interest rates nothing so this is not going to change the transition of power here and now after the democratic party's journalists were majority in the senate giving up control of both congressional chambers and it's likely we should see additional in coming soon as the. past so it's widely expected that a democrat held senate will push for a more robust. especially for stocks hit hardest and cold recession so all of them with political tensions using and more stimulus expected help the economy markets are getting basically a steroids shot in the near term before we get to earnings where then things can get a little bit more squishy now michel to kristi's point we're hearing a ton about this control of the senate in the house with the democrats as well as the presidency meaning fresh stimulus measures including the possibility of those $2000.00 checks being sent out to america is the market banking on these checks and to do your opinion do they really actually help to stimulate the economy and push

markets up. absolutely the stimulus checks are huge for many different reasons. people are itching to spend money there is such an time consumer demand pretty much anywhere in the talk to get into this conversation what are they saying they want to travel they want to in restaurants they want to go out and spend money and shop they want to enjoy their lives again and that money helps the other thing they want to do is invest there was a viral video that went around a tick tock where this young girl came on and said you should take your $600.00 and buy big coin of course she was being specific to big coin but the message is clear the young people are investing this money so all of that will help push and we have to understand that consumers drive this market higher along with the industrials now we're looking at a rising g.d.p. and possibly some very decent growth not to mention the fact that we're also looking at an infrastructure plan independent of the stimulus money but it is

definitely something that people are looking towards as a hopeful sign especially since it creates higher morale and also jobs and it's interesting michel that you should make that point about going out and spending this stimulus money for investment purposes because what did we see throughout the pandemic when markets were kind of in term of especially at the beginning of last year was that retail investment especially with with apps like robin hood it skyrocketed over those 6 months at the beginning here so it's definitely true that you mention that now kristie we've covered all of the news this week regarding the back and forth with the new york stock exchange agreed to delist 3 chinese telecom companies and then they said they wouldn't and then again they said they would now the wall street journal is actually reporting u.s. officials are contemplating banning americans from investing in chinese alibaba holdings what's going on with all of this is especially as the sun is setting on the trump administration. well that's actually really shocking because the decision to actually delist all of these 3 companies that includes china mobile china come

telecom corp this was a big shock and since originally and then the suspect did not the effort and the legality of delisting need to be too complex to be feasible so this was actually a big shock and now other chinese companies such as are about and could be in the cost harris to be next on top of the law so president tom also signed a separate executive order on tuesday to prohibit the transactions with a chinese software applications which include. pay as the administration demon's apps are apparently a national security threat so this is all in the latest effort to unwind u.s. investors calling in major chinese companies and escalate this tech war with china so he's basically drawing this last hurrah and making it something that will be quite difficult for the incoming biden administration to clean up so it's downright unclear whether by will continue enforcing transparent china's companies or not as he doesn't want to be viewed as going to soft on china so now in this latest

escalation trump could prevent u.s. investment in $31.00 chinese companies which would be a dramatic escalation in tensions so if the pentagon does add these tech groups to its list of companies with a legit military leanings this order would prevent u.s. investors from trading their stock 60 days after being listed so it's still quite difficult to quantify the impact of this ban as more details are needed such as the definition of a u.s. investor and the trading venue of the listed entity subject to that there and also most importantly the reasons for such a ban so obviously this will affect tens and ali baba 2 of the most valuable public in this to chinese companies for the combined market cap of over $1.00 trillion dollars so when shares are held by american mutual funds hedge funds pension funds who have for us pocketed handsomely on china's growth. before we go i have. 30 seconds left there's a lot of talk about invoking the 25th amendment to remove president trump in his

final 2 weeks we've heard democratic leader chuck schumer and nancy pelosi talk about this the house speaker that is nancy pelosi does that cause turmoil within the markets or is it just too close to the end of the presidency to afford to matter. we're considering yesterday caused any turmoil to remark and i don't think this will either nor do i really think that it's going to happen there's only 2 weeks left i think this was more of a political message to try to stand back and for the protesters to stand back thing that would affect the market now is if this turned into something so huge that we have to declare some kind of a martial law but i think that's so incredibly farfetched at this point michele snyder of the market gauge group hopefully want to talk about politics so much next time thank you so much for your time just to stick around because we have more for you later in the show. and india's central statistics office released estimates on thursday predicting the country's g.d.p. will shrink 7.7 percent in the financial year ending march 2021 now the estimate is in line with other economists and marks the country's 1st contraction since 1980

when the economy shrank 5.2 percent manufacturing output is estimated to decline 9.4 percent the mining sector 12.4 percent while the agriculture sector output is actually expected to grow 3.4 percent despite having one of the world's strictest lockdowns india still has the world's 2nd highest number of coppa 19 cases which has kept the country from fully reopening earlier this week india granted emergency approval for the astra zeneca vaccine and hopes it will boost consumer confidence and unlike other southeast asian economies the world bank predicts india will rebound with a growth of 5.4 percent in 2021 as a whole the government's annual budget for the next financial year is expected to be released on the 1st day of february with an increase in spending for new roads ports and providing incentives for manufacturers.

germany's karabakh is partnering with one of the world's largest pharmaceutical companies baird to aid in the development and distribution of its vaccine curve access last month that expects the results of its phase 3 trials for its vaccine c v n c. v. by the end of march the company is said to be using similar technology to vaccines developed by a bio insect and mcdermott in a joint statement released thursday the companies said there will support the further development supply and key territory operations for this new vaccine for the agreement there will help cure back with operations in need the european union with options to be good to become the marketing authorisation holder in areas outside of europe the statement added the company's plan to combine their strengths for cure back to be in a position to supply hundreds of millions of c.v.s. c.o.v. doses around the world once approvals are granted. the united states has broken a rib record for the most deaths due to cope with 19 in a single day as the vaccine roll out is taking more time than initial estimates the

outbreak in the u.s. is showing few signs of slowing down our cheese budget is set to purchase now for more. so what are we seeing when it comes to deaths in the spread of the virus here in the united states with this new spike. sure well this week the american daily death toll hit a record with more than 3800 feet that's more deaths than anywhere else in the world total deaths here are now over 354000 with more than 21000000 people infected since the start of the pandemic now at least 43 states and the district of columbia are now seeing their daily infection averages increase which is straining hospitals for example here in los angeles intensive care units have 0 capacity and hospitals are running out of oxygen local emergency responders are no longer bringing patients to the hospital who show little chance of survival ambulances are also waiting up to 8 hours just to offload patients and now that the u.s.

has identified at least 52 cases of the new coated 1000 variant that's highly contagious infections really don't show any signs of slowing down. we could actually anticipated some increased numbers after the holidays due to gatherings happening how was the rest of the world headline the outbreak at this point. other countries have also detected cases of this new coated 19 variants known as b. 117 and this has led to travel restrictions and a widespread lockdown in places like the united kingdom where this variant was 1st identified but the mutation has already started spreading in $33.00 countries and scientists estimate that the new variant is 40 to 70 percent more infectious basically it binds to receptor zone cells better which allows it to enter the body easier but for now scientists don't believe the. this is any more deadly or that it will cause any more severe illness they also don't think it's likely to impact immunity from vaccines or from the prior coded 1000 infection. actually just

mentioned but actually we talked about a little bit here earlier what's the latest with the vaccine rollout if it's go it appears to be slower than they had anticipated at the start. it's a lot slower now of the 64 vaccines currently in human clinical trials 20 have reached the final stages some vaccines however have been given early or limited approval by global regulators and they're now authorized for emergency use the pfizer bio and m r n a vaccine has now been approved in canada and the united states has so has the madera am r.n.a. vaccine which is also being used in the european union and israel china and russia have also approved their own vaccines but the roll out globally has been incredibly slow as you mentioned here in the u.s. just 5000000 people have received one dose of one of the vaccines mainly frontline medical workers and nursing home residents this number falls incredibly short of the initial goal to vaccinate 20000000 people in america by the end of december and

over in the u.k. where the very 1st covert vaccine was approved just 1300000 people have received a single dose so got a long way to go before this pandemic is over bridge asserts thank you so much for keeping us up to date. and time now for a quick break but heading here because when we return because it has some bad $40000.00 how high can it go just on the other side of the break we're to bring you keen insight from a cryptocurrency expert as we go to break here the numbers of the. i. i i i. i i.

this disinfection technician used to be the boss in his old job but now he was a can't resist. he's there for duty and this entrepreneur was the king of entertainment but now he wears a hazmat suit and saves lives in the red zone of years ago and. this is a buddhist monk he takes a video camera to the cemetery. coronavirus made them change their lives and they don't regret it a tool. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. here in dramatic development only. exist i don't see how that strategy will be

successful very critical time to sit down and talk. their welcome back tesla c.e.o. elon musk became the richest person in the world thursday with a net worth of more than $185000000000.00 now tesla stock increased more than 5 percent on thursday pushing net worth past that of amazon's jeff bezos know basis had held the spot as the world's most wealthy individual since 2017 and has a net worth estimated at just about $184000000000.00 must started 2020 worth a paltry $27000000000.00 but the surge in tesla stock which gained more than 700 percent last year as well as its generous compensation package brought him up to the top spot. big oil is continuing its amazing run in 2021 as the world's most

popular crypto currency surpassed $40000.00 thursday afternoon it pulled back a little bit in that time of broadcasts about 393 now just days after eclipsing the $30000.00 mark hitting the price point helped push the value of the entire crypto market above $1.00 a trillion dollars for the 1st time ever so let's go ahead and take a look at what's happening in egypt 0 currency by bringing back the best co-host christine christi i know you this is this is what you love this is in your heart because. at that major milestone less than 3 weeks after shattering 20000 what is behind this rally it is this is stable because it seems like institutional ventures are just stay in and. i mean no rally goes on for average but there is certainly a lot of momentum left on the mantel guys behind this rally so i thought it's got legs so 40000 was another big psychologically significant milestone for me quite in

managed to crush that 30000 corridor in record time so it's going to be hard for anyone now to deny that we're. the maturation of a whole new asset class or relatively new we've been talking about it for a few years now but now every company and every individual move to think seriously about how the agent interacts cryptocurrency so as big point approaches the 40000 mark this represents 100 percent moves from queens all time highs in december of 27 so in other words the price levels it took 3 years to have now nearly doubled in just a matter of weeks. has been quite astonishing year to date all coins have still got to quit so you have it in your hand that's already up 62 percent for who you are reading 7 names them and stellar up 150 percent and as for what's contributing to this rally are you. first you have all the institutional adaptation that we've been

talking about micro strategy their cash reserves and now servicing because as well as other u.s. insurers moving in now then you have this in the last a wave of some of our retail guys as well. rise 240000 some 4000 last march that's a 10 times return so as a trader it's painful to miss out on that so now you start to see a lot of the retail guys piling on board and spending the federal stimulus checks on buying up more big quite. all coins actually underperform keep pace or actually continue to outperform because in the near term. well it kind of depends on which coins are looking at because there are hundreds of al kinds all with different sectors so it's hard to just lump them all together like that but if you look specifically at it there and it has surged by more than 100 percent and 3 weeks however it has yet to even break its all time highs of 1420 set in january 13th of 20 so weekly charts show that the market is excel or reading and even has

seen explosive growth and decentralized finance and other areas causing user activity on the watch chain to search so the price of it is now the saying at bitcoin was in 2017 with the exact same market cap so if each ball is the same trajectory as that it could see a significant rally in the long term and liked it when in the early days it has seen an exponential growth in active users i'm nearly due to defy so in january for the 1st time in history the total value of locked value indeed if i reach $20000000000.00 this means that there is clunky $1000000000.00 worth of capital deployed into various things i protocols and just earlier as we talked about in 2020 that severe was hovering just below $1000000000.00 so the entire d.p.i. ecosystem has increased 20 fold in less than a year and it continues to attract more users and more capital now so in the foreseeable. future we'll need to see that seamless transition to point out and

that will ensure the ecosystem will continue to prosper so in recent weeks the east bloc a network has become increasingly clogged into the rise and use of a new company transaction so once we see that i see no reason for it's meant to just go down it's still about 20 percent away from reaching its all time highs and selling that point footsteps it definitely has additional upside momentum and that's full cycle so yes in the near term i do think we'll out of line kristie quickly clarify for people what exactly is defy that you keep touching on and hearing about when we talk about this. yeah so good bye is short for decentralized finance and in this case it's it refers to them using smart contracts which are automated enforceable agreements that do not require intermediaries like banks or lawyers or notaries so it's sure a peer to peer just like the way that it was intended heinous to be she would

appear payments without any middlemen and to media like. so most of the fire is actually built on a theory and watch a network and it's essentially the next step in the financial destruction revolution that began 11 years ago so there's a couple defy services that have gained prominence such as the lending mills are my space where you have common and then you have the betting and gambling space which augurs then you have trading and decentralized derivatives market with sin attacks and. so you also with the current economic climate global interest rates are incredibly low so some jurisdictions are even in the negative territory now so in this climate it's incredibly supportive $45.00 which offers much higher returns to sabre's than traditional institutional banks so many people are turning to deify in order to lock a capital into these networks to our new ones up to 6.75 percent new really can't find anything close to that and banks these days so while the space is 'd still pretty new and the application. you are right now future applications can have

a big impact on day to day life so for example if you have purchased land or a house on a deep dive platform under a mortgage agreement traditionally you know how the cost of a bank to underwrite the market staying you have. to transfer the deed in the purchase but if you need what i'm talking much of the entire payment would be allies with smart contracts like the entire process a lot cheaper boom bust co-host christi i want to keep on this story as long as the rally happens thank you so much for breaking it all down. rocker and folk singer neil young is joining the growing number of artists willing to sell part or all of their music catalog for a massive payday a new deal between young and u.k. based investment fund hypnosis hands over 50 percent of the rights so young's entire song collection for a reported $150000000.00 hypnosis will be able to generate income from placing neil young songs in t.v.

film and advertisements however the founder of the fun did mention there will never be a burger of gold instead of young's famous heart of gold tuesday tuesday the same fund to set it also bought the catalog of former fleetwood mac. remember lindsey buckingham last month universal music group bought bob dylan's entire catalog for an estimated $300000000.00 and that's it for this time you can get us on demand on the brand new portable t.v.'s available on smartphones and tablets to the google play and apple app store by searching portable t.v. also can be found on newer model samsung smart t.v.'s as well as robot devices and portable dot t.v. we'll see you next time. is your media reflection of reality.

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that really isn't scientifically justified and i'll study actually suggested that the long term effects might not just be the absence of benefit but actually that they might because we want to. try to. mainstream media places the blame for the capitol hill riot donald trump store the other support thinker elsewhere when it comes to radicalizing his base. this is banana republic that we're watching happen this is what you expect to see in a banana republic. american politicians voiced their shock comparing the violence on capitol hill to the kind of thing that happens and what they call banana republics they look at whether america really is that different.