the idea of a traditional just a very dramatic or caesar power lies with the people demonstrate that struggle is very real a. struggle. i . this is the one business show you can't afford to mess i'm rachael love is in washington coming out to coin tell move below 30000 this week following an unprecedented highs so what does this mean for the future of the world's most popular cryptocurrency will discuss what the u.s. attempts to expand its role out of covert 19 vaccines officials in new york and california are saying they can't keep up with the demand and they're being forced to turn away patients then the new platform parlor has lost yet another legal

battle in its fight to get back online and it's now being used as a case study in the fight over free speech on social media we have a lot to get to so let's get started. we began with the latest in the crypto world big tumble this week with prices dropping 12 percent to below $30000.00 the sharp decrease follows record highs from earlier this month when bitcoin hit nearly 42000 while some say this shows just how unstable the currency can be others say more record highs are still to come so joining me now to go further and that there's boom bust co-host christiane i now kristie bitcoin sustained some heavy losses this past week so what caused a steep sell off and is this the beginning of a downward trend. no i wouldn't call it a downward trend but it is going to face downward pressure here as it when you establish its support at 32000 so as you pointed out it did break 30000 but as of

right now it's trading already up almost at $34000.00 so there are a few reasons why that point dropped so heavily so suddenly so firstly you have the options market that was already getting overheated as we stated before with the growing put options so there was about $3100000000.00 and notional open interest rate near term clip volume rising which skewed pressure to the downside and then secondly have the critical resistance of the $35000.00 rejected again for the search time after bouncing off of being unable to break through $35.00 it just sold off from there so we're now consolidating at the $32000.00 range where traders are going to be watching for another run attempt at $35000.00 for confirmation of where prices will be headed next so we could see me a little range bound here and so finally also have the skin of the sell off and that was probably possibly lead to a panic drop in short period so just like 2 weeks ago a panic sell off ensued when prices dipped below 33000 and most of it came from

leverage traders who once again caused a domino chain effect once they got blown out of their positions and also you have many novice traders stepped in to buy because i did you follow my considerably higher prices and then they quickly got scared and cashed out as well so you had this massive wall a sell orders in a very short period of time which drove the price down marts so on the flip side of that it was also pointed out that on january 19th the bitcoin fund greyscale they added a record number of $16244.00 bequests now that's roughly $607000000.00 in one day to its total holdings now that is 18 times the amount of new bequests as my days showing considerable demand and still considerable appetite for institutional investors so while there is a lot. panic selling from people who can't stomach a little bit of volatility there are still some very strong hands in the game who are happy by all the provisions ok that's good to know and i know because it has

been sort of all the rage especially over the last month and even j.p. morgan is now talking about it and they actually put out a note in the middle of the selloff to call bitcoin the least reliable hedge during periods of acute market stress what do you say to that. i say with all due respect to j.p. morgan that that statement is the complete opposite of what they were saying just earlier this month at the beginning of january when big one was actually on a tear j.p. morgan also put out any $146000.00 price target on it saying the big quite has emerged as a rival to coal which is the ultimate hedge so they kind of doing a little flip flop and backtracking here given how big clients track it so in fact in november of 2020 to various groups they put out a survey consisting of more than 700 millionaire clients who responded to their firms annual survey with 73 percent of them saying that they have already invested

or will invest in crypto currencies by 2023 so that number is up 68 percent from last year as high net worth individuals rebalance our portfolios more courts crypto so this statement that big question is not a reliable hedge it's actually going on simple to wall street investors who have been flocking to quite as a legitimate hedge against inflation concerns from all these massive stimulus packages that we have in the u.s. europe everywhere around the world and these emergency measures like money printing agendas they reduce the value of traditional currencies like the dollar and while volatility still remains a big concern with wind it's still a very reliable hedge and it has proven itself to be worthy and a solid store of value during a time of crisis i mean just look at 2020 had a year of crisis one of the biggest crisis is a modern history and what other asset performed as well as because i am none. i don't think that it's a coincidence either that mass adoption by institutional happened in 2020 either

used institutional they're smart money and they're the ones ahead of the trend so it's no coincidence that they witness this point of comics in a time of crisis and then decide to jump on board one especially when you're hearing it being called a rival to goldman you're going to get a lot more pressure put on bitcoin and exactly where it's at now let's move on and let's talk about a theory i'm the number 2 crypto by market cap how has it performed during this week of volatility. well a theme has actually performed remarkably well it still managed to not break the $1000.00 line of support and fact on tuesday each shot to a record high of nearly $1440.00 so in terms of the risk return what we said last this early this past month still holds true in that from here in has a better return profile and each will continue to benefit from its relationship with the 5 applications the majority of which are built on that if you're in network and which have seen massive growth at 2020 and also as the network

continues to get upgraded it will also allow transaction and process sigs seems to increase and be comparable to that of master card and visa so it's still kind of early in the maturation cycle with each and institutional investors are now only slowly starting to realize the value of bitcoin as a central sovereign digital currency in this web 3 point economy however it still remains the facto programmable coin in this entire ecosystem and fund start analysts they've also set a price target of $10500.00 for it as and as each goes up so all the other all points in that universe well certainly a lot to look forward to whenever it comes to crypto currencies all around christie i think you so much for your time and your analysis on this one. being u.s. is racing to keep up with the rest of the world when it comes to the rollout of

covert $1000.00 vaccines but despite optimism coming from officials within the biden ministration several states including new york and california are reporting serious shortages and saying they haven't been able to keep up with the demand artie's natasha sweet has the details. well some americans are excited to get vaccinated there still isn't enough to go around here you see people lining up in their cars at l.a. dodgers stadium one of several mass covert vaccination sites throughout the city many decided to wait even after it was announced a supply already dried up in los angeles and there was a 3 to 4 hour wait. so we came back this morning after talking to a foreign ministry who said to come in their morning california is just one of the few states warning residents that supplies of the crown of iris vaccine are running out ohio west virginia florida and hawaii have issued similar warnings and new york has to temporarily shut down vaccination sites canceling appointments after vaccine

doses run low snyder is a high school english teacher who lives in new york but commutes by way of public transportation to new jersey the 32 year old said she was eager to book her vaccination appointment online before returning to in person classes late february but a day before her appointment she received a call from the hospital saying the supply had run out and i'm frustrated i mean it's really it's really you know it's scary to know that i'm going to be you know teaching in person and maybe i'll be vaccinated and maybe i won't be and now president biden signs telling secular orders aiming to launch his national covert 19 strategy if you're unsure is going to be applied in addition to increase in supply and testing biden says these orders will lay the groundwork for reopening. and businesses it also includes a mandate requiring americans to wear a mask when traveling with national emergency. we treated like one dr anthony felt

she says the vaccine so far seems to work against the covariant to be 117 that's the new tainted virus originally found in the u.k. which is now present in some 20 states says if the vaccine rollout plan happens we could reach herd immunity by the fall he says fans might be able to attend sports games with some social distancing protocols but the centers for disease control and prevention warn this week that we may not have the vaccines in every pharmacy come february as once hoped the goal is to administer 100000000 vaccine doses in biden's 1st 100 days in office reporting in los angeles and hospice tweets are. canadian politicians are now saying they want to go to war with the new u.s. government after president biden's signed an executive order to cancel the permit for the keystone x.l. pipeline the goal of the pipeline is to transfer oil from canada to the u.s. and while some are applauding biden's move it is also receiving criticism on both

sides of the border archies alex mile of each has the story. within hours of his inauguration president joe biden signed an executive order to revoke the permit for the keystone x.l. pipeline and he's already getting some heat at home that day one priority was to kill thousands of american jobs including union jobs to support our strong ally our counter to and reverse some of our progress toward energy security and while the debate will likely continue in d.c. at the same time the president is stirring the pot north of the border as well said they said these any as you know i've been supporting this keystone x.l. project for years yes i made this argument 7 years ago in a room full of democrats in washington who are now became prime minister and canada's prime minister justin trudeau is being pressured by provincial leaders to fight back against the us president's order but charge was led by the premier's of

alberta and scotch one whose energy sectors are tightly tied to the $8000000000.00 project aides who participated at meetings between the provincial politicians and the prime minister were quoted as saying some premier's want to go to war originally proposed in 2008 the 1200 mile long pipeline travels through 7 states starting in canada in the alberta tar sands and ending at the gulf of mexico the pipeline is meant to move 830000 barrels of crude a day those who prioritize economy over environment are critical of biden for cancelling the project more interested in virtue signals to the climate activists and supporting the union workers who are building the keystone pipeline calgary alberta based t.c. energy the company behind the pipeline says it will lay off 1000 workers immediately due to president joe biden's decision it is not clear how many of those jobs are american on the other side of the coin the move should make some people happy including environmentalists and others opposed to the keystone x.l.

pipeline the project has been criticized for numerous reasons including the fact that it crosses tribal lands and of course. the source of the oil the tar sands which are blamed for contributing to climate change meanwhile in canada prime minister trudeau is trying to appease both environmentalists and the oil industry while improving canada's relationship with the u.s. the past 4 years have been tough on the otherwise close friendship between the 2 countries true don't want things to get better in a statement earlier this week the prime minister said that canada is disappointed but acknowledges the president's decision to fulfill his election campaign promise on keystone x.l. a sign that america's neighbor to the north may be willing to play ball even if the pipeline is off the table for boom bust i'm alex marla bitch. global markets are mostly up this week with many hitting record highs let's start in russia where the mo x.

is in the red falling oil prices contributed to the losses investors are also on certain over possible sanctions related to activists alexina mommy's detainment in asian markets the shanghai composite is up this week the index hit a 5 year high on thursday china's g.d.p. grew by 2.3 percent in 2020 signaling a strong recovery in hong kong the hong saying is also up reaching its highest level in 20 months so far this year the index gained 8.9 percent its best start in 36 years the index retreated on friday as c. and o. c. shares fell 5 and a half percent after m.s.c.i. said it will delete the firm from china's indexes and japan the nikkei is also up on thursday the index posted its highest minish in more than 30 years following a successful bitin inauguration here in the u.s. the bank of japan's decision to keep monetary policy steady had very little input

in india the sun sex is also grain breaking right. kurtz briefly crossed the 50000 level for the 1st time ever on thursday the index is expected to continue to gain on a declining kovac 19 cases and the start of the country's vaccine program the a.s.x. in australia is also up again following wall street's rally with a live in month high as the unemployment rate fell to 6.6 percent in december on consumer spending and housing the strength in south africa the all shares also rose as a central bank kept its a main lending rate at 3.5 percent within balanced in the near and medium terms the rand rose 3 percent on the news over in europe eurozone stocks took a big loss on friday based on data the business activity fell to a 2 month low in january the footsie showed the country suffered its sharpest drop

in business activity since may the central bank held rates and stimulus steady the french cac is also down following similar trends but the german dax is up on wednesday new data show the country's economy shrank by 5 percent last year beating expectations agriculture financial services and real estate suffered smaller drops in output over in brazil is down brazil's central bank is key interest rate at a record low 2 percent this week as inflation expectations are now higher and in mexico the b.m.v. is in the red the country is closely watching inflation which is expected to accelerate slightly in the 1st half of january financial services and consumer goods are contributing to those losses and here in the u.s. all 3 major indices the dow the nasdaq and the s. and p. are they hit new record highs on positive earnings from netflix and wall street

stocks retreated on friday as investors remain concerned about the pandemic. the dow lost nearly $200.00 points finally in canada the ts x. is down it fell for the 1st time in 4 sessions on thursday on lower crude and gold prices data released friday showed november retail sales rose for the 2nd straight month and that. time now for a quick break but when we come back the new platform parlor is fighting to get back on line and has found itself up against several legal challenges so what does that mean for the future of competition on social media well the next can as we go to break here the numbers of the close.

some rumors the centers of. the search is going to be named chris mccomb you may. remember the just him forever uploaded the video in your show that oh. i'm talking about is a very international community. media used to. live truthfully. you just have to keep it as the stuff itself so you need to eat. for the position that the word to use to look at the business for their new cool script. to go use everything for 2 years to lose it we don't want them to do with the above the.

law they have that would affect all day but i decided not to take people's lives. with my good to tell you that. the world is driven by dreamers shaped by one person or those. here to ask. right now all the. people who are overweight or obese it's

profitable to self. and sugary and salty and addictive it's not at the individual level and it's not individual willpower and if we go on believing that never change this obesity epidemic that in the street has been influencing very deeply the medical and scientific. what's driving the obesity epidemic it's for the purposes of. the conversation over big tech censorship continues on thursday a federal judge blocked parlors request to be reinstated on amazon's web service amazon cut the social media platform off from its web hosting services back on january 6th following riots at the u.s. capitol in the ruling u.s.

district judge barbara ross dean wrote quote the court rejects any suggestion that the public interest favors requiring a ws to host the incendiary speech that their record shows some of pearlers users have engaged in for more on the campaign and the towers as these big tech companies have let's welcome political commentator and host of pseudo intellectual foreign chen lauren thank you so much for joining us today let's start with the latest here how big of a blow is this to parlor and is this an issue of free speech or the rights of companies. unfortunately this is a huge blow to parlors attempt to try to get their web site back on line and honestly i think this is the work of activist judges is very much hope they will appeal because the fact of the matter is the more that we have investigated the issue it's clear that these capitol hill riots which by the way were conducted by a small number of people compared to the overall presence that day who was there to protest these people were not active planning this event on parlor what we actually

see instead is that these user or use users were more active on facebook so the whole idea that amazon is taking this action against partly because of what happened on that day i think is just a facade for what is actually the actions of a cartel looking to suppress their competition you know that's a really interesting point looking at the fact that there wasn't a lot of frustration with facebook over this or with the fact that facebook didn't really move in to do anything or to you know try to raise red flags about the fact that all of these users were talking in congregating on their website now talk about facebook and twitter bans and we're also talking a lot about a lot of people sort of flocking to other social media platforms i mean we have telegram signal me we they've all been top contenders do you see these alternative flat forums continuing to grow in popularity especially with other web sites like twitter and facebook banning thousands of users. well to your point about no one

really raising a stink about facebook's role in the in the capitol hill riots i would also like to point out that there have been murdered rapes and unfortunately suicides that have all been broadcasted on facebook lifestream me and yet there's been no action taking taken against facebook to try and limit their reach or anything like that actually on the contrary silicon valley has been continue to be propped up by the establishment government in terms of the tech platforms that are out there you know parlor is one of the bigger ones there's mean these actually gaining as well i think there is this huge need in the market for a platform that won't try to editorialize what views you are and are not allowed to see we see that especially among the republican party that a lot of conservative commentators actually myself included are feeling very stifled there is absolutely and an even an uncool enforcement of their terms of service people are looking for alternatives but my worry is that silicon valley will once again act in collusion with each other to prevent these up and coming

competitors are actually gaining any ground we've seen what they try to do to gab they simply platform them they've had to find their own servers in order to host their content it's exactly what parlor is now going through recently mines also came under fire from i think it was either google or amazon allegedly for hosting sensitive content and you know the establishment big players in silicon valley can claim that this is all about protecting people from violence and whatnot but let's not forget that twitter still has a huge problem with child pornography that they have been able to address all this time so my hope is that they would spend just a fraction of their time focused on that real issue as well as human trafficking instead of trying to suppress the voices of people like president trump there really are some real issues here and it is interesting because i think a lot of times whenever we talk about what the market could do they say oh we'll create a new flat for him well then you have parlor coming along and all of a sudden they're going to get kicked off of every major platform because we're starting to rely. is that amazon facebook twitter and google they own just about

everything now i want to bring section 230 into this because we've seen some bipartisan support for reforms which could make social media platforms liable for their users post and all of the content they put out there how do you see this playing out now that we have biden in the white house and democrats as the majority in congress. right so for people who aren't familiar in the audience with section 230 essentially what it says is that if a social media platform is just that a platform that does not control or editorialize its users content then that platform cannot be held legally liable for what someone might post on their site for example if i post copyrighted material onto you tube the person who owns that copyright cannot then turn around and sue youtube for copyright infringement because hey they are just a platform you know at the core of that measure i think it's a good idea and i think it's important for the free exchange of information on the internet however what president trump did in the executive order that i think was

very very important was that he clarified that platforms cannot claim the use of section 230 while simultaneously acting like publisher is i.e. editorializing their content choosing what users can and cannot see you don't get to claim no responsibility for what users post on your platform when in reality you are you are taking a big role in deciding what is and what is not ok on said platform in my opinion the trump executive order that was put out before he left office actually if it were to be followed would make places like you tube twitter and facebook ineligible to claim section $230.00 protections now that i am is in the administration he has voiced the desire to repeal section 230 and it's interesting because section 230 gets a lot of criticism from both sides of the aisle but from very different perspectives the democrats right now they feel that places like facebook and twitter they should actually be playing a bigger role in policing speech taking down what they label misinformation and the

likes whereas republicans feel that the editorializing has gone too far so unfortunately if you're a fan of free speech on the internet things are likely going to get a lot worse before they get better with biden in the administration yeah it'll certainly be interesting to see what the nearby administration decides to do to tackle this issue 4 and 10 thank you so much for your time but that's it for this time he can catch boom bust on demand on the part of a. t.v. app which is available on smartphones and tablets through google play in the apple app store by searching portable t.v. or simply check it out on a portable t.v. was the next time and as always don't forget to question more. taste awful. then a 2nd wave coming now the virus is mutating and i'd walk 2 blocks away from the

apartment and i would get confused. meanwhile patients who recovered from covert started to report some unusual aftereffects the symptoms were different but. my hearing has been ok i think. that's one of those things where it's like research is all over the world are trying to determine the many takes pains and other problems and then turn it all into numbers show you my hair. was. 1113 there this is throughout the day my hair just. various sources reports that didn't just leave for 35 percent of recovered patients. so. does the bush white. house there have been many complaints of peril vision loss joint pain and fatigue in the us these patients are referred to as post coded long holos i talk to multiple doctors and my doctor and they said we have a feeling that you're going to have

a hard time in recovery you're going to be one of those people that they consider a long haul or. 6 guys or financial survival. when customers go by the reduced appliance. will reduce a lower. that's under. well what's good for the market is not good for the global economy. look forward to talking to you all that technology should work for people. i robot must obey the orders given by human beings except when it conflicts with the 1st law. or should be very careful about official intelligence and the point is to create trust. on the areas not seen with artificial intelligence something to.

protect its own existence as. a towering figure in broadcasting for over 6 decades legendary interviewer. so coming up with major muslim federations in. stream isn't. the president. confederation tells us why. draw many power groups anyway asking muslims explicitly to clarify that position on subjects the subject so they have respected for years and years. and.