world is driven by a dream shaped. week here to ask.

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 sure that 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 this santos is standing by to put those grim numbers into perspective and on the other side the big point of monsters climb 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 alexis 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 definitely. 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 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 privilege 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 so the nasdaq topping over $13000.00 so the market there i'm 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 capitol 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 . just grates nothing so this is not going to change the transition of power here and now after the democratic party 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 and most especially for stocks hit hardest and cold recession so all of them with the 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 michelle 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 7 of those $2000.00 checks being sent out to america's if 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 paradigm 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 down 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 rise in 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 that 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 analyst suspected that 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 the 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 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 links 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 bad so obviously this will affect tens and true of the most valuable public in this to chinese companies for the combined market cap of over $1.00 trillion dollars so again shares are held by american mutual funds hedge funds pension funds who have for years pocketed handsomely on china's growth. before we go of the. 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 causing any turmoil to the market 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 saying that would affect the market was 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 michelle snyder of the market gauge group hopefully want to talk about politics so much next time thank you so much for your time 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 for 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 cv 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 madeira in a joint statement released thursday the companies said bear will support the further development supply in key territory operations for this new vaccine for the agreement bear will help cure back with operations in the d. european union with options to be moved to become the marketing authorization holder in areas outside of europe the statement added the companies plan to combine their strengths for cure or vaccine to be in a position to supply hundreds of millions of c vienna 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 covert 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 archie's budget is set to religious 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. or we could actually anticipated some increased numbers after the holidays due to gatherings happening how is the rest of the world hedley 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 mention the vaccine we talked about a little bit here earlier what's the latest with the vaccine rollout if it's go if 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 are in 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 that 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. satyrs financial life guide i don't buy a i prize on my features. face almost friday as of last summer my ex from the future. was kaiser. is your media a reflection of reality. in

a world transformed. what will make you feel safe from. isolation or community. are you going the right way or are you being led so. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. known as plan across the delusion will. lead you down australian vision they will. give me time should come to the nearest union. i need.

to go to look into. the needs of those but it seems to me. i didn't even eat or go to church for this new look like a loser well that i don't see a pretty chilled or if there will be a choice to be on your beautiful free speech to all of us talk or don't go out of this thread through the coke with full attention you being point of their beautiful and hear them mostly. you. do you mean. to put so that the new world to yet that. what their ambitions. for. baskin jenny just. need lies reach those idiot goold. be asleep when you're any more which you're the focus of us we're going to see it in your will i just stuck the book i don't know it you just what does lead to speech of your pride

you will know when you are going in the store usually is. 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 musk's 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 dollars 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 and 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 $3093.00 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 ocurred see if i bring him back to bus co-host christiane i kristie i know you this is this is what you love this is in your heart . that that major milestone less than 3 weeks after shattering 20000 what is behind this rally and is this is stable because it seems like institutional investors are just stay in em. well i mean no rally goes on for average but there is certainly a lot of momentum left on the mental direst of this rally so i think it's still got legs so $40000.00 was another big psychologically significant milestone for me

quite in many to crush that $30000.00 corridor in record time so it's going to be hard for anyone now to deny that we're seeing 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 needs to think seriously about how the agent interact with cryptocurrency so as that point approaches the 40000 mark this represents 100 percent moves from the queen's 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 i was going to rally 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 the year are reading 70 incent and stellar up over 150 percent and as for what's contributing to this rally we've got a few things 1st you have all the institutional adaptation that we've been talking

about micro strategy cash reserves and now servicing big quite as well as other u.s. insurers moving in now then you have this nasa waiver from us and we tell 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. all coins actually underperform keep pace or actually continue to outperform because in the near term. well it kind of depends on which point i'm 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 we look specifically at. if there am 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 or so weekly charts show that the market is excel or reading and it has

seen explosive growth and decentralized finance and other areas causing user activity on the block to change the search so the price of it is now saying as bitcoin was in 2017 with the exact same market cap so if each fall is the same trajectory as it could see a significant rally in the long term and like that point in the early days it has seen an exponential growth in active users i merely do didn't buy so in january for the 1st time in history the total value of a lot value engine 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 figure 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 block a network has become increasingly clogged to the rising use of a new company transaction so once we see that i see no reason for its momentum just go down in it's still about 20 percent away from reaching its all time highs and selling that point footsteps it definitely has additional upside momentum in its full cycle so yes in the near term i do think it's well out of line no question it 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 small. 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 intermediary like. so most of the fi 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 armenians up to 6.75 percent you really can't find anything close to that and banks these days so while the face is still pretty new and the applications are right now future applications could have a big impact on day to day life so for example if you were 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 markets then you have the boys to facilitate the transfer the deed in the purchase but if you need more than token are much of the entire payment would be smart contracts that make the entire process a lot cheaper co-host christi are going to keep on this story as long as the rally happens thank you so much for breaking it all down. well. the 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 right 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 fund 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 to bust 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 sam's smart t.v.'s as well as wrote the devices and at the t.v. we'll see next time. when else seems wrong. i don't really see just don't call. me.

yet to see. just the attitude and indeed it was betrayed. when something you find themselves well it's a part we just of the common ground. this disinfection technician used to be the boss in his old job but now he was a racist. and this entrepreneur was the king of entertainment he was a hazmat suit and saves lives in the red zone. and this is a buddhist monk he takes him out to the cemetery. coronavirus made them change

their lives and they don't regret. the mainstream media blame him for they deadly riots on capitol hill while others point the finger elsewhere when it comes to robbing his base this is banana republic that we're watching happen this is what you expect to see in a banana republic. american politicians voice their shot comparing the violence in the heart of washington to the kind of thing that happens in what they call a republic so we look at whether there's such a big difference between.