i. this is boom bust the one business show you can't afford to miss on fairmont a sales guy in washington coming up well the markets are responding to a fight and daniel is package we take a close look but the global market walks and big quinn is looking at a correction and a new regulatory crypto analysts kristie i am betting are standing by we have a lot to get to so let's get started. president elect joe biden is criticizing the trumpet ministrations current rollout of the current are 16 and says his plan will look to vaccinate 100000000 people within his 1st 100 days in office r.t. correspondent atocha sweet has more on what the soon to be president plans to implement the pandemic is on the forefront of the upcoming administration biden is focusing on getting more people vaccinated notably teachers while talking about

providing more relief aid to the american people being emptied is felt by the loss of life is compound by the loss of our way of life president elect joe biden slammed the current plan of vaccine rollout outlining what he sets out to do in his 1st days in office the vaccine rollout of the united states has been a dismal failure thus for tomorrow i will lay out our vaccination plan to correct course and meet our goal of 100000000 shots at the end of my 1st $100.00 days as president. well that's a nation's may be the 1st thing on the minds of many during the pandemic biden also addresses the stimulus checks well president trump in the house wanted to approve $2000.00 stimulus checks to be american people the senate when it budge now biden says with the democrats having the majority in both the house and senate he plans to distribute $1400.00 checks in addition to the $600.00 just released its all part

of his $1.00 trillion dollars plan to combat that pandemic the plan would still require congressional approval legislation is passed with everything from health care education labor and cybersecurity it would include boosting unemployment benefits to 4 $100.00 a week and holding off addictions and foreclosures through september the minimum wage would be raised to $15.00 per hour from $725.00 the plan also includes a $20000000000.00 national program that would establish community vaccination centers across the country medicaid patients would be covered by the federal government biden says he wants to ensure everyone can receive the vaccine free of charge regardless of immigration status biden says he wants to focus on reopening schools this comes as the centers for disease control and prevention has labeled teachers and school staff as frontline essential workers who have to move heaven and earth. get more people vaccinated to create more places for them to get

vaccinated to mobilize more medical teams to get shots in people's arms to increase vaccine supply to get it out the door as fast as possible 50000000000 would go toward routine covert testing for schools and governments the child care tax credit would be expanded for a year that would include $4000.00 for one child and $8000.00 for 2 or more families making less than $125000.00 would qualify as making between $125.00 and $400000.00 would be eligible for partial credits in addition to pandemic relief efforts biden says his proposed build back better plan includes improve infrastructure manufacturing innovation research and clean energy investments he also emphasizes the need for skills and training for workers as the country hopes to improve the economy reporting for boom bust and sweets r t. markets

are mixed this week as we continue to see a surge in covert 19 cases u.s. stimulus also weighed on global investor sentiment let's start in moscow where the molex is slightly up early in the week the ruble rallied but fell back slightly as oil prices slipped before the fall the most. before retreating on friday in asian markets the shanghai composite is up now midweek china reported better than expected trade data exports rose 18 point one percent year over year for the month of december it beat expectations the country's imports grew by 6.5 percent year over year and hong kong the hong saying is also up but it did take a hit at open on friday after the u.s. commerce department added scieno c. and show me to its blacklist asian markets reacted positively to that u.s. stimulus package in japan the nikkei also in. the green after 5 straight days of gains hitting 30 year highs now the chips in the semiconductors are boosting the

and some pullback is mostly due to overheating of the market in india we see our 1st red arrow where the sun sets last 1 point one percent on friday it was just shy of hitting the 50000 level for the 1st time ever but it's in real bull territory in australia the a.s.x. is also in the red health care stocks hit 8 straight weeks of losses australia has a massive decline in new coke in 1000 cases 2 straight days reporting 0 new cases in south africa the all shares is nearing all time highs u.s. stimulus really boosted sentiment there and took investor naspers ulti is listing the market all the sector the mining sector is slowing some gains moving to europe let's start in london where the footsie is down overall here a few markets they slipped over these new coven 1000 cases earlier this week the index rose on oil prices but it did pull back after some losses the u.k.

economy contracted 2.6 percent in november french cac and german dax falling so more trends here both in the red with significant hits on friday german battery maker barda washroom 6 percent on friday while french care for shares fell 5 percent on the french government's issue with a canadian retailer all you meant to charge when they have a takeover bid the evo best buy in brazil is down it dropped more than 1.5 percent on friday after seeing weeks of gains it did it reach some record highs during the week though and on one day state run oil giant. fell 3.8 percent as energy continues to fluctuate in mexico the b.m.v. is also down analysts say the country's capital outflows and hit records last year but risk. could cause it to change in 2021 here in the united states the dow the s.

and p. are down for the week and so is the nasdaq which is also down just slightly but the dow nasdaq did hit record highs this week on that positive stimulus sentiment chairman jerome powell said there is no plan for interest rate hikes as inflation actually remains pretty low banks reported some externals here creating volatility in the wall the commerce department announced u.s. retail sales dropped a point 7 percent in december and finally let's finish off in canada where the t.x. is down this week would be expected those energy prices are really out weighing the positivity of the u.s. stimulus hopes and that is your global market walk. after what has been a choppy week for a big one the world's largest cryptocurrency has finished the week below $40000.00

but while there is still huge incitement in the crypto space there are now questions about whether big quinn played a role in the storming of the capital just a week ago joining me now to discuss is bloomberg and phil analyst chrystia and ben swan chrystia let's start with you break down for us what's happening with big win here the correction that we're seeing. well i really wouldn't call this so much of a correction as it is a consolidation in the last couple of days we did see elevated levels of volatility that came from a massive unwinding of leverage across the board where several $1000000000.00 worth of future were just blown out 1st on the long side and then subsequently on the short side as a bolt reclaim lost ground and squeeze the short sellers out so now we have some someones of you were librium back in the market with funding rates are dropping back into the range of between one to 5 bits to normalcy so we see a bit more for me and i sense all they should and basing out the $35000.00 mark where this will be another medium term support level so consolidating this is

a very healthy move for the market after that parabolic move $40000.00 so as such the timing of the bitcoin pozen the rally also coincided with the uptick in the u.s. dollar coming on the back of items $1.00 trillion dollar stimulus plan so that up to was surprising i mean that's the school and monetary stimulus is inflationary and is widely considered to hedge that but the relative strength of the u.s. are against other foreign currencies is really what's behind the uptick and the dollar rising is just another one of those sell the rumor by the news kind of trades so i think the dollar bounce will be short lived and biden stimulus plans have given some strength to u.s. dollars in the short term but when they start firing up the printing presses we can expect to see further depreciation which will lead to another big point alan cycle right were bound to see the dollar weaken and in the coming months after the stimulus which like your said if it's very limited on time ben a new report is indicating that now a number of these right wing figures and websites they receive these large

donations from a big quite account it was lean to a french crypto currency exchange just a month before we saw the violence arrive at the capital is this bad news for crypto space what's happening here you know because so much bad news or crypto space but it's certainly to me it's a suspicious story because you have the story that essentially says that large amounts of big coin were transferred to a number of. and right wing web sites as you mentioned in and individuals and organizations and some of these were as much as $500000.00 this all happened about a month before what took place in the capital the riot in the capital but there is no indication right now or no evidence that what happened at the capital was pre-planned or organized in any way that would require millions of dollars in funding so what i find to be very odd about this is that this seems to be at least right now a pretty loose connection but if you if you read certain stories in the media about it they're trying to make it seem as if big cooling fueled this and because bitcoin

you know there's always this ongoing narrative that big point is the currency of terrorists the currency of terrorism the currency of insurrection now is that what we're going to hear it's all about trying to control the ability of individuals and groups to fund or to sell fund using something other than currency one speaking of the sort of control that we've talked about here before a new crypto anti-terrorism bill has been introduced in the house of representatives why do lawmakers regularly connect this crypto currency currency with terrorist or illegal activity like you're saying then kristie what do you think. well this is something that we hear so frequently and it's nothing more than just political propaganda to paint bitcoin as this thing that only money launderers and terrorist groups use to paint it in a negative light because lawmakers are frankly terrified of it that they can't control it let alone kind of end it and especially in the u.s. regulators are terrified of this technology because american international power

and influence basically stands and comes from the fact of the dollar is the standard unit of international finance and transactions and right now because in france to topple that entire system by being the one true global currency so all these reports like and was saying the big point is only for criminals that it's there so wrong it's laughable because it's like what we said before if you want to stack the dollar for dollar at the amount of criminal financing that goes through point versus traditional currency aka the u.s. dollar the u.s. dollar would be a 1000 times over so to the point that in fact swift the bank wiring telecommunications system they actually published a report saying that crypto currency is seldom used for money laundering and muck to be compared to that of an traditional methods so recent reports say that for every dollar spent on the dark web and point there is $800.00 new us dollars being used for criminal activity this includes things like cyber crime and storage and ransom are drugs human trafficking so using these real world numbers we could argue

that the dollar is so much more dangerous than the bitcoin but i really don't see any regulators making a big fuss about clamping down on the u.s. dollar and right now that shouldn't be surprising because at the core calling is a transparent ledger so you can easily trace the origin of points and where they come from privacy coins to know that they have gotten criticism for facilitating illegal transactions over the truth is that their market caps are not that high so maybe any large transaction would be much more difficult and hard to conceal in a pool so to be honest it's much easier to make any sort of illicit. transaction using your currency especially the u.s. and europe then whose encrypt it is and i want to get to this last question ben before around a time why do we hear is so little about these stories until the price of bitcoin rises or changes is there a correlation between the rights of decline and government crackdown. very quickly i think there is and i think the reason for that is because when the price of big going goes up people who are not traditionally wealthy suddenly become wealthy and

governments don't like that that fights against that corporate and corporatocracy system that we have i want to make them real quick before we although there is some breaking news happening today being reported by bloomberg in the big point space and christie knew about this but big question purists know that mt gox if you know that name that was one of the original crypto currency exchanges back in 20130148 filed for bankruptcy it basically a lost about 800000 because of that belong to its users use of the early adopters a big point there's a story out today that there is a settlement coming for those creditors who used to be the investors in that coin where they can get about 90 percent of their big coins back through this settlement so that's just breaking today it's huge news for those people who were some of the early adopters of bitcoin the fact that they can get back some sort of insurance almost through the settlement but unless co-hosts kristie i want to out of time to thank you as always for your expert analysis. thank you. time now for a quick break but when we come back the consumer electronics show is known for

unveiling the latest and the greatest in new tack but just because this year's show is virtual it doesn't mean it has lost to offer we'll take a quick look with paul in the big picture you're going to break here the number thought that. this is a theme that is always fascinated me how markets tracked in faster. and destruction of their own country or their own communities it's like similar to the business model of the mafia you know when they. write. me insurance etc.

i got this 8 millimeter film purely by accident. time period 963 to 65 plays damascus. i was old don't know why young. i've watched it many times a man posing the monuments and all poster of the hollywood premiere of town without pity and a fight in a market so without bruises. i had my doubts if i should waste my time on this but i came back to that film over and over again tracing a sequence of events happening in syria at that time anderson those who worked there the moment on radio. which was sitting you know neal curiosity is like a petrol motion machine it lives on without a lunch break and then suddenly i saw him stop let's take another look now at low

speed this is key like owing a super spy who some consider a national hero and others and evil villain an israeli double o. 7. i need because it's bud some and they at the. at the one you're still. if to. the demick no certainly no borders i'm just delighted to nationalities. you play a similar issue to the turkey we don't look like seem to be just sitting. judges . commentary in crisis with this system since in modern times. we can do better

we should know. everyone is contributing it's your own way but we also know that this crisis will not go on forever the challenges created with the response has been met so many good people are helping us. it makes us feel very proud that we're in it together. every year for the last 54 years we've seen what's new and what's next at the world's biggest tech show wealthy e.-s. has been held in las vegas and 1978 and brings in hundreds of thousands of attendees and like other events that weren't canceled this year the show goes on well virtually that is our team's host of the big picture holland who is usually in

las vegas for the big event is covering it for us holland what do you have. sara this year's event was not just gadgets on display differently under the circumstances the big story at c.e.o.'s 2021 was how technology is helping us to resolve our circumstances in her keynote general motors c.e.o. mary bair of pledge that as the health crisis racial injustice and climate change persist we must persist repositioning g.m. to meet this moment she describes how the new bright drops system will meet the changing expectations of how long people are willing to wait for all delivery it's ecosystem of smart electronic products begins with robots in the warehouse and ends with electric trucks $500.00 of them already sold to fed ex which along with u.p.s. is a major player in the vaccine delivery that is trackable from point to point to point

today global electric vehicle penetration is about 3 percent and g.m. is going to kick that into high gear aiming for a net 0 carbon future with 22 new vehicles by 2023 the rugged new g.m.c. hummer evy go 0 to 60 in 3 seconds has a 1000 horsepower yet like other electric vehicles it's quiet so a souped up audio system serves up the roar. we also heard from microsoft's chief medical officer yes microsoft has achieved medical officer and calling code testing a critical 1st line of defense and executive from abbott laboratories described and at home test they hope to have in 30000000 homes by march $90000000.00 homes by mid year all that data could enable which she called a digital pass it would be a negative entry card like

a boarding pass which we would carry and will admit us into retail and work spaces and baseball games and other places we've been avoiding during the shutdown for almost a year now the pandemic has accelerated technology trends already in motion like teleconferencing and e-commerce observing how even little guy retailers have been using apps for curbside pick up microsoft c.e.o. predicts what he calls real structural change because of the broad adoption of digital technology how people collaborate and learn and with so much changing so rapidly he predicts that even with the promise of the vaccine the future of work will require a lot more flexibility each year in las vegas we are jazz by the mojo the energy on display at c.e.o.'s and the way exhibitors are addressing today's

needs last a very little in translation to this year's virtual convention mask a phone is just that a face mask with built in ear buds and microphone because the mike is in the mask what you're saying is easier understood than if you're talking through a mask microphone maker sure is showing off a home office microphone designed an optimized. the zoom type conferencing that is so common now and a company called target's t. a.r.g.u.s. has a u.v. c l e d disinfectant light that they say sits on your desktop to automatically disinfect your workstation device accessories from harmful microorganisms some pretty neat stuff here a lot of these companies guys like you say adapting to these new technology that's specially given co that it helps really really help that creative aspect into what

we're seeing here but holland c s is becoming more about the perience now not just the actual objects. yes and for just that reason the consumer electronics association changed its name several years ago to consumer technology association and to demonstrate why here are 4 trends from research done by harris poll for master card the no contact lifestyle has become increasingly prevalent and consumers are willing to switch to brands that offer safer experiences we're spending on average 5 more categories online now a behavior that they say cuts across all generations and 3 quarters surveyed say they will continue online shopping post pandemic 8 in 10 say they never want to sign for a charge purposes again cash seems to be the biggest loser people don't want to

touch it anymore they say and a.t.m. use is down trend number 2 is what they call the betterment boom it's provoked a national conversation about mental health and wellness 2 thirds admit to shut down related stress over the past year and listen to this 82 percent of teens think that it's important we have a conversation about mental health and wellness breaking that. taboos around therapy and counseling 22 percent who have been housebound are taking on home renovation projects and personal renovation is also under way 42 percent surveyed plan to be more physically active and 31 percent have changed career paths or are contemplating that online classes are hot fender's free guitar lessons are up 500 percent trend number 3 is what they call the rise of revenge spending and don't

just think ice cream pizza chocolate and booze with less dining out and travel half surveyed say they've been saving up forecasters call it a rise in people's intent to purchase due to inability to be able to do so savings damn that's about to burst more than half of us want to go to sporting events again and we want to see movies at the movies on opening weekend 46 percent miss air travel and our number one post pandemic splurge will be travel and trend number 4 is what they're calling the un calendar year sports seasons and other perennial benchmarks or scotched 3rd surveyed say they will postpone seasonal celebrations think weddings in february and graduation parties in the fall and a 3rd of us don't know when all this will end 70 percent surveyed are taking

a work cation simply going somewhere else for a month since many are already working remotely air b. and b.'s 20 plus day rentals are now popular a lot of interesting at trends here as i think that people are just getting away to be able to get a change just enough for how it is all and i want to ask you this how the new presidential administration and packed in the tech industry how are we going to see that change. well like most high powered washington lobbyist consumer technology association president gary shapiro chooses his words diplomatically when he offers that after president trump's antagonism for big tech we hope to resume thoughtful fact based discussions about how technology is a force for good with a biden administration and to recruit the best and brightest from around the world we must take a fresh look at immigration. absolutely and as i'm sure it's

different for you covering this as well as here usually in las vegas at least in some warmer weather that is for for now the host of the big picture hall and cooke we really appreciate you making time for us today thank you for covering this event for us as always. you bet. that's it for this time you can catch boom bust on demand on the portable t.v. app which is available on smartphones and tablets through google play and the apple app store by searching portable t.v. or simply check it out at portable dot tv. some reviewers as soon as you see.

your mother he just comes up with a great you're going to. antarctica is a very international community it. used to. do this. to keep those who face the slow slow slow uses to ease. the pollution of the world to use the brazils for their new course we're going to go is everything produced the illusion we live in front of t.v. with the above the. 5 behave i would affect a whole day but i decided not to take its life. with my goddamn you there.

join me every thursday on the alex simon show and i'll be speaking to get out of the world of politics sports business i'm show business i'll see that. the war in syria has lasted longer than world war 2. who has been suffering the most in this almost undoubtedly long conflict regular syrian people. need is more than when your wife of 20 years your brain. i could see everything with my own eyes and hear into stories of its residents one group in particular russian wives of syrian man the hospitals. they were at those tubes can look up to his national just like it's.

one. millions of users and even global leaders flock to privacy centric messaging apps like telegram amid concerns over data sharing as facebook and twitter are hit by scandals over censorship. there is anger over u.s. media suggestions that donald trump's supporters are a cult you need deprogramming like extremists. hold 75000000 people that you agree with an american. and a shift in vaccine advice in norway.