this is the us the one business show you can't afford to miss i'm going to washington coming up in our stream to pipeline reduce the destruction despite brussels call last week to halt the project uncertainty remains over us. fighting in the street plus your government in major moves and a fish only band tick tocks along with $58.00 other trainees out we have to break down with the most votes from one leader we have. who will help break down the latest on overnight new treatments and the new variant now found here in the united states you want to stick around for that we have a lot to get to so let's get started. as promised construction of the north stream

to pipeline has resumed danish authorities reported a russian vessel conducted proper tory works and tests over the weekend a spokesman for the pipeline told new europe the laborers for tuna has started works in the construction corridor in the danish ahead of the resumption of the north stream to construction all works are performed in line with relevant permits this comes despite brussels call last week to halt the pipeline completion in response to the arrest of alexey of all me the 18 mile pipeline that would bring russian gas to germany under the baltic sea which the us claims it would only increase europe's reliance on russian energy uncertainty remains under president joe biden and what actions he'll actually take the pipeline is 94 percent complete . on tuesday janet yellen was sworn in as the 1st female treasury secretary she was approved by senate on an 84 to 50. vote and is expected to play

a key role in the economic recovery plan particularly biden's $1.00 trillion dollars stimulus package following the ceremony and took to twitter and said economics can be a potent tool to right past wrongs and improve people's lives for more let's bring in boomers co-host and partner and director of trading research and education for market gauge dot com michelle snyder michelle the u.s. senate confirmed janet yellen to be the next treasury department secretary what are some of the expectations and how is she going to manage this position and what are the challenges that she's going to face in this new position. well 1st off as a woman i have to say that she is the very 1st woman treasury secretary so that's something to be congratulated for but no doubt she faces some big headwinds and a very strained monetary environment so starting with the stimulus as you had mentioned there's opposition already i think everybody sort of agrees on the

support for the vaccine and agrees on the fact that americans need some level of stimulus money the sticking point right now is on the minimum wage the $15.00 increase to minimum wage so that's the 1st sort of political pickle that she has to deal with in terms of the overall environment if we cannot come up with some way that the government steps in and then she's going to be looking at the federal reserve and they're going to be asked to step in and provide more support and sense the government is already running huge deficits the joke is sort of you know let's tell the fed that they better get more in for their printer because that might be what they have to do oh also the other thing she's going to face is at one point if the fed does step in and keeps these rates at 0 a long enough monetary supply continues to grow and the rates stay negative which of course then blooms that deficit more does the fed have to back up because of the potential of inflation which right now nobody seems to but that's definitely going to be i think ultimately her biggest challenge right now especially her working

with your own power all eyes are on the federal reserve meeting which will happen tomorrow and see what happens there christiane to bring it back we'll talk a little bit yesterday about the shares of game stop they're popping once again they're pushing the stock back above one $100.00 but how do you short sellers they're not backing down so rather they're redoubling their efforts on the short positions what's the latest there. so right now it looks like game stop is the line in the sand drawn between retailers and hedging it's a trading was halted multiple times due to volatility of shares just more than 90 percent a record high of $147.00 so short interest or remain high over a 100 percent even as gains up surges despite the punishing 2 weeks for the short sellers so right now 139 percent of its available shares have been borrowed and sold short at the monday which shows marked market losses of over $6000000000.00 a year to date for sure so that figure is little change from the last week short

interest reading of 142 percent even those shares have surged so this high level of bearishness indicates that even though short sellers are being out of their position new shares are coming in to bet against it but short sellers are doubling down on their bearish reloading over the last 7 days so game stop share have 3rd over 4 percent since activist investor ryan cohan gained a seat on the company's board so retailer traders are now using that as an inflection point for the company to undergo a complete digital transformation but even as retailers remain bullish on the name institutional are now placing leverage that against it by the options market so the paid a very spot contract buying out paid call purchases on monday was roughly 500000 but versus 275000 call so wall street has kind of struggled to make sense of this new phenomenon now and so far only one firm advisory group has downgraded shares

since they spike doesn't mean price target is dull $11.96 and i am broad expectation of a 81 percent crash once all of that undone but the big question is when will that happen because at this rate and extended rallies would force shorts to reconsider their confidence their positions and cover before the masses all capitulate at once and it looks like that's where we're heading into them with like it's going to stop at what might be a very much so an extended rally. michelle i want to bring up a wall street journal now they're reporting president biden will announce that he's halting all new oil and gas leasing on federal territory setting up a confrontation with the oil industry over the future of where u.s. energy is headed and this means that biden is in fact banning fracking this by remember his august 31st proclamation that he said he's not betting fracking how is this going to affect the energy complex here in america especially as will this get rid of the thousands of high paying jobs at

a time when we need them most given the high unemployment rate we're seeing. well 1st of all let's go back to the language that we're using here because he banded is not necessarily accurate it's a moratorium over the course of 90 days so we don't know yet what his policy is going to be going forward but there is no doubt that considering well just let's take the example of where you live in new mexico 60 percent of our revenue is gotten from oil and gas this presence is a real problem going forward we all can see the future is going towards clean and renewable energy and electric cars so you can't really stop the future but in the meanwhile you're going to have to deal with what's going to happen to some of those jobs and we have not seen any kind of solid plan there yet i think what's interesting since we were talking about short squeezes and tesla of course is the granddaddy of that is you know on us is looking to actually drill for natural gas in texas because in order for them to get rock off they're still in fossil fuel but anyway getting back i do see that lots of the oil companies are planning for this

and they plan fast enough where not necessarily sure about that they'll be some lag time but take a company like british petroleum which is now called beyond petroleum they have invested millions and millions of dollars as well as shell chevron total valero all of them are getting into the noble energy biofuel game and that's what they're going to have to do over time hopefully the collateral damage in the meanwhile while we switch won't be too great for people who really depend on those jobs you know we have so many especially like we said with a high unemployment rate who are dependent on these jobs chrystia back to these short squeeze is really quick these continuing names like game stop express or bed bath and beyond and others who are who are the real winners and losers here i mean we have about a minute left. well right now we have one of the 1st begins moves or is emerging melvin capital was the 1st casualty of this already suffering massive massive losses so they're set to receive about $2750000000.00 in capital injections from

a hedge fund giant citadel point $72.00 which is basically a bailout so that melvyn can even pay down its margin calls so essentially and mel that has now totaled a losses of 30 percent in just the 1st 3 weeks of 2021 even though they started the year at 12500000000 and has been one of the best performing hedge funds on the street so right now it looks like in terms of winners and losers wall street is getting steamrolled by the jency robin-hood it's there is clearly a giant arm a shift in power dynamics go out and then tech as technologies have basically empowered a whole new class of investors and traders whereas before also the tools and access were reserved for professionals sounds like an essential 0 sum game we're looking at here but it was co-host christine michel schneider of the market gauge group thank you both so much for your time and to your expertise and. major moves in the tech space as the government of india has now issued a notice to chinese social optic talk that it will be permanently banned in the

country now remember it was already temporarily banned now it's permanently bad this comes after that temporary about that had been instituted now joining me now to discuss this and other top stories boom bust co-host and investigative journalist ben swan and thank you so much for being with us as always let's begin with this ban on tick tock by the indian government why to talk why now. well it's not so much a why now as it's a something the indian government's been doing for some time it actually started as you mentioned all the way back in the summer of last year in which the indian government put it temporary ban on tick tock they have now extended that into a permanent ban and it really comes down to the indian government saying that they believe cock is connected to the chinese government the chinese communist government and is essentially data mining and polling data on its users across india and so they don't want that it's really the same argument that the trumpet ministration was making here in the united states when they had their attempt to ban tick tock last year the difference is that india did not impose an idea of

trying to force sale operations in india to another company they just all out banned it now now what is fairly interesting about this is that one of the biggest competitors to to talk in india is mark zuckerberg who was involved in social media over there it's not facebook's in particular but owning parts of other social media that is emerging in the country and he owns a big portion of that and we know that he sees tech talk as a serious competitor when we know and you mentioned donald trump trying to ban tick-tock here in the united states but the by the administration says and has continued to say it will hold chinese tech firms accountable but he hasn't said whether or not it will move forward with this trumpet ministration attempt to ban take care what do we know so far. yeah you know there really hasn't been any talk about that and essentially what talk at them to do when the trumpet ministration was on the way out was file a court injunction saying to a court hey let's just stop what the trouble ministration was trying to do in terms

of it's for sale and instead let's take a step back and see if we can figure it out with the biden administration has not indicated at all what they're going to do and whether or not they're going to pursue an all out ban my guess would be they're not going to do that nor will they necessarily attempt for sell what's fairly interesting about this though is there were a lot of companies here in the u.s. and retailers like wal-mart who were you know champing at the bit they were salivating over the idea of being able to get a hold of to talk so the the forced sale was going to go to a conglomerate of oracle and wal-mart together who were going to be able to do this so the idea that those companies won't have influence now to say let's just keep moving this forward would be fairly interesting because microsoft as you know also one of the piece of it but there's been no indication about to talk and then in terms of wall way real quick you know. by doing ministrations going to have a hard time undoing a lot of what's happened with while way because remember the f.c.c. unanimously voted to ban huawei technology in 5 g.

towers and in existing towers for that rippin replace strategy that's underway so you know it's not just as easy as a president and or a one president saying let's undo this because there's been a lot of steps taken already to keep wall way out of the telecom space here in the u.s. not that easy to have taken several steps to doing it for years now where they're going after a while away like we said a few years ago we don't even know what all it was but i want to move on to that letter let's bring in the move by twitter which the company says it's going to help to combat the information at the farm called bird watch what can you tell us about . i got to tell you this is nonsensical right and if you thought twitter was bad before it manages to actually get worse. it manages to make itself worse and honestly to make itself more annoying than it was the week before so in this case the birdwatcher forum has been designed as a way for users on twitter to police content and to provide context and to help

with the fact check and i suppose the idea here is the backlash to these so-called fact checkers who are coming from these organizations that quite frankly have enormous amounts of conflict of conflicts of interest and so the idea here is that twitter so well will leave this up to the community but what's interesting here is they're not leaving it up to the community this birdwatcher program is going to automatically give a certain amount of authority to existing fact checking organizations and how much do you want to bet that you as the public are not going to have the ability to fact check into t.v. such as for instance c.n.n. or n.b.c. may lose or a.b.c. news are you going to have the ability to do that on twitter almost definitely not so it starts out right now as a separate place you can go to kind of a portal forum twitter says eventually they'll move it into the entire space and they'll be a big part of the platform i just see this as something that will be a nonstarter in terms of helping slow down the erosion of twitter's followers who are leaving it sounds like

a complete disaster this community surveillance which actually is not community surveillance interesting not what it is and that the end of it thank you for that tech round up the west coast and i think they're jealous but it's one. you got. time now for a quick break but when we come back we have to back to an expert standing by they'll help break down the latest on covert 1000 new treatments and the new variants found in the u.s. don't go anywhere that next as we're going to break here the number that the club. will those who would be most impacted by having unrealized gains tax the so-called wealth tax would they not be incentivized to do agree style collapse and profit from the credit default swaps but on america and we always said that once they were successful in destroying greece they would move on to other countries in

europe and it would eventually get to the u.s. is that day now approach. in 24 to you know bloody revolution to the demonstrations going to be relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it you know are here i mean your list put me in the. new school and you go to the former ukrainian president recalls the events of $24.00 g. and. those who took. it invested over $5000000000.00 to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. now look forward to talking to you all that technology should work for people. must obey the orders given by human beings except where such conflict with the 1st

law should your identification for should be very careful about artificial intelligence and the point on v.s.e. is to create trusts. it was artificial just recently the. most protected existence was. and another glimmer of hope for 2 possible coven 1000 treatments that were announced on tuesday regeneration pharmaceuticals that it's antibody cocktail prevented all covered some demos within the 1st week of treatment the national institute of allergy and infectious disease conducted the study with more than 400

participants the company expects to confirm these results by the 2nd quarter meanwhile lilly and co also said its 2 antibody treatments help significantly reduce the risks of hospitalization and death in patients with copd 19 by around 70 percent all this came from another study with more than 1000 participants from. specialist at vanderbilt university medical center dr william schaffner and director of the vaccine education center at children's hospital of philadelphia dr paul offit thank you both so much for taking the time to be with us today dr schaffner let's start with you i want to start by asking about this region or on this antibody cocktail that we were seeing which is said to provide immediate short term protection against the virus and this is obviously different from vaccines that can take up to several weeks to really develop the immunity what's the difference between these treatments and the vaccines. well of actually is well 1st

of all those are in a local. the vaccine is an active stimulus of your own immune system your body produces its own antibodies that are then we hope rather long lasting these are general. in a body treatment is what we call passive the anybodies are given to you from the outside they last for a period of time can be very effective in preventing the selection and preventing serious disease but they are a temporary quick fix as opposed to the older fix of the vaccine could be kind of like a medication biologic something like that that we're looking at here right. except it's designed to prevent illness as opposed to treating illness because dr i want to talk to you about president biden's vaccine plan he's thinking to increase the average daily vaccination right to $1500000.00 shots per day and he

admitted himself that it's going to be a talent a logistical one even though the u.s. average $1100000.00 shot per day last week is an increase of $1500000.00 per day or more possible given some shortages that states have experienced. you know it's still not enough it's the truth i mean if you argue that as dr phil she has that we need to backslide about 70 percent of the united states population and this damage 70 percent of the u.s. population is around $24250000000.00 people it's a 2 dose vaccine so you're talking about $480000000.00 to $500000000.00 doses if you're giving a 1000000 doses the day that it should well into next year before you get 500000000 doses should we really need to be a 3000000 doses right now the biggest problem we have it's production it's not as much distribution of administration there are a lot of administrating sites that are open when you to mass vaccinate that we just don't have enough actually we're going to have to even at 3000000 votes a day if we hope to get on top of this pinned down by the end of the summer well

and even then 70 percent that's still a large number isn't even known that 70 percent of americans are willing and wanting to get the shot i know a lot of people the medical field have rejected the shot. this is i think we usually get 70 percent of this although there is definitely some reluctance to get a vaccine which you know we still wrote we quickly with technology which we previously don't have a lot of commercial experience i still think sentences people who are resisting the vaccine don't make 30 percent of the way so i optimistically 70 percent well hopefully people want to return to their known normal are their normal about is dr schaffner we've been seeing the new variant of the virus emerge as a more countries are looking to impose these stricter lock down the on travel and international travel maternal reported this week that it's vaccine is indeed in fact of against the u.k. variant but less so for the south africa variant of the company is looking into a booster shot is what they're saying for the new strain should this be

a cause for concern. it's oh well it's certainly something we keeping our eye on south african variances not yet been to take that year in the united states we are looking harder still not hard enough for these various coronaviruses and i think it is a prudent thing for work darragh to start making a vaccine which we might need in the future whether here or other parts of the world it could be given for example as a booster dose that would prevent these south african variant if you've already been immunized with the standards actually so all of these things are things that need to be monitored carefully and are you sure you the harder we look for there hence. the more will find i'm afraid i'm sure and as you said they haven't been reported yet but many are skeptical and saying it is already in here and even even on on tuesday the brazilian variant which is something is more lethal more

contagious actually is it showed up in the united states in minnesota but i want to talk about several years from now dr offit if the u.s. and the global population if they actually return immunity from these mass inoculation is it possible will continue interation of the corona virus emerge around the world will versions of the virus and the pandemic just be with us forever not something we have to get used to. i mean this back through our state is has just made a state you if you're in the market in the in the human population will create variance as it continues to adapt to growing you know that's the question the critical question is whether these variants that seen it used to date there's no evidence for that i mean what we do really when you should start to worry is when you see people for example in united states who have already gotten 2 doses of. the pfizer backseat who then are hospitalized with code 1000 caused by one of the

various traits that hasn't happened yet that's when you know that truly scared community the community right now we're just trying to make our best guess based on lies and you know body responses that we see from people who are vaccinated to see whether they actually neutralize these various viruses in the laboratory and to the south as in stream we find that it's a little less capable of doing that but that doesn't mean that you're still not protected it also remember you're just looking at one aspect of the immune system when you're looking at these lies again but it's there are other aspects of your system that's like to help yourselves and so he's also which no doubt also your own protection so i think that right now we're in a lot about this but it's not a shocker said i think we should certainly prepare for the fact that it might happen is right now we don't have clear evidence that it hasn't yeah it looks like a more timely thing to pass before we can actually look into it it's amazing though about the technology and where we are today that we haven't been able to catch her see them as as we should these days dr schaffner i want to talk about the the hope

for johnson and johnson that is expected to report its covert 1000 vaccine results by early next week this will be the 1st single dose vaccine it doesn't require these deep freezers hurst transport well martin to approve all of this vaccine significantly reduce the time needed for our return to normal life. well we don't want to get out of your skis but we've seen previews of these data and so let's assume that the johnson and johnson vaccine receives an emergency use authorization as you say sara it's a single dose vaccine and it can be handled in the simple refrigerator temperatures that pharmacies doctors' offices clinics are used to will be able to get this vaccine closer to the people rather than having to bring the people to the banks and with another manufacturer in the game producing more vaccine sending it out will be able to accelerate our vaccination process so i'm optimistic that we're

going to be during up in the next several months that actually adding more and more people and i hope we can get to those levels that my friend dr offit was talking about earlier well we know that a lot of people are optimistic much like you dr schaffner dr offit about these this johnson and johnson to add more supply of course there may be some supply disruptions like we've seen with these other vaccines but and hope in the coming weeks if it does get approval that hopefully by next month or 2 we'll be able to see more more supply actually a specialist at vanderbilt university medical center dr william schaffner and director of the vaccine education center at children's hospital of philadelphia dr paul offit thank you both so much for taking the time to join us today. that's it for this time but you can catch me on demand on the portable t.v. app which is available on smartphones and tablets it will play on the apple app store the feeling.

right now there are. people who are overweight or obese. also tumble to self. and sugary i'm salty and addict and it's not at the individual level it's not individual well power and if we go on believing that never change this obesity epidemic that industry has been influencing very deeply the medical and scientific establishment. so what's driving the obesity epidemic it's called purpose. the world is driven by shaped by fun person.

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believe. in the headlines at this hour the russian and u.s. presidents hold their 1st phone conversation since joe biden's inauguration covering a raft of topics from weapons production to the pandemic. approves of russia's covert vaccine and now plans a joint production in an exclusive interview with our team of the country's foreign minister tells us why iran isn't backing sputnik me. separately india says it isn't nearly ready to approve the russian the vaccine with the country's moscow on the boy saying he has already had the shot. the expect

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