breakdown here comment with the panel about later in a lot to get you to look at. a big day for bitcoin as tesla announced it purchased $1500000000.00 worth of bitcoin in a filing with the securities and exchange commission tesla's said the move was for more flexibility to further diversify and maximize returns on our cash the company also plans to start accepting payments. and in the near future subject to a political laws an initially on a limited basis which we may or may not liquidate upon receipt of the move caused going to surge to new highs 2.5 percent in premarket trading alone it reached $44200.00 meanwhile u.s. stocks are also hitting record fresh highs the dow added nearly $200.00 while the s. and p. and tech heavy nasdaq they all reached intraday high for more on this we're going to welcome back. director of trading research and education for market gauge dot

com michelle good to see you as always let's start with tesla here the 1500000000 dollars a big point it just purchased now you know on musk he's been extremely vocal on twitter about because especially as of late could he have used this to kind of prop up the price of big quinn for his own benefit we know musk also has been tweeting frequently about dodge coin doors coin. which is about a fraction of the price of bitcoin but each time he tweets about it that price jumps 20 to 30 percent. well hi sarah well there's a couple of things that we have to think about before we go into whether or not he's manipulating the price of bitcoin the market cap of because it is a trillion so one and i have a 1000000000 is less than one percent of the market cap a big point so yes he could be a market mover mostly because he gets in and of course everybody jumps in as well but big coins been on its own sure deck 3 for a while and once it took out 40000 over the weekend it dipped

a little bit and then of course we saw it go back there today so in terms of his ability to manipulate we know that he has a history of talking down his own stock price and then the price goes right back i don't know if i would necessarily say that this was some grand. design by him to get the big korean price up after he bought whatever it is though interesting and when you have a profile like his that he can at least have some kind of influence on a kneejerk reaction to what happens to the price of anything he decides to talk about like you just said woods already calling and he's pretty popular going with that but also said it's going to start accepting big quintus payment in exchange for some of its products it would be the 1st autumn an automaker to actually do so is this a sign of a weakening dollar i mean we know big question has been extremely volatile so as as much as it can go up it can also go down. well that's true and of course in terms

of the dollar we've seen the dollar been weak now for quite some time with recent pop having more. but in terms getting back to your question what i really relates to more is the fact that now foreign countries do not have to convert their currency in order to buy a tesla so for example china where it's very popular to buy tesla's right now does not have to worry about converting it into your own they can do it through big coin so i think he's taking a chance here in terms of like you say the value of the coin staying firm but on the other hand it seems that even before all of this happened there have been so many bullish projections for big number one and number 2 is a lot of companies already done that for example paper how which gives you money back and we know that it coin is going to get more and more standardization when i say that i don't necessarily mean regulated i mean that there will be more ways to trade it if you are not interested in just inserting a credit card to buy flat out because so i think this is already a trend started he's continuing it most seem more to follow it isn't that something

that quinn was trying to stay away from though. they're signed trying to stay away from regulation absolutely but they cannot control like for example the wink bingo boss twins who want to start a gemini not only credit card but also a way to trade their current and we know that right now i think canada actually started out with it the cmu excuse me started the syrian teachers so i when i talk about being able to trade it i mean more away from actually buying the actual bitcoin but like for example we already can do it through riot for example which is a block chain company micro strategy another block chain company pay pal which is using it so those already ways around it i don't know if i'm going to be able to control let's say an e.t.f. that my come out there's already one g b g c but it's an over the counter well michelle but i do want to turn to markets here 3 major indices in the united states all hitting new record highs the senate and house they voted to move forward through reconciliation and essentially this allows right the democrats to expedite this relief package without the republican

vote is this why markets are so optimistic because of the stimulus. i think that's one reason is because of the stimulus i think there's also been a couple of other economic statistics that came out more in the manufacturing industrial side that has also shown that there is some growth and we can see even in terms of just the manufacturing in the united states in the earnings we've had 80 percent i think of the s. and p. stocks already report and a lot of them well beat expectations and then there's the vaccine so there's so many reasons why people are optimistic now that the economy is going to recover and the stimulus of course is the icing on the cake because it also brings in what we also have seen since april which is more retail investments into the market so it's all kind of one giant snowball right now working together rolling in the same direction i want to get to treasury secretary janet yellen her comments on sunday

comments talking about the how she expects the united states to reach full employment by 2022 with the help of the stimulus plan but obviously we're seeing the virus the issues with vaccine distribution do you see this being the case are we going to reach for recovery by 2022. well i might be not only overly optimistic i think the whole idea of how jobs look is changed forever as a result of the pandemic they'll be businesses that are just lost and won't come back the way people are employed will change more working at home and so i think we have to look at the fact that full unemployment may not look exactly the way it looked say 2 years ago before all of this happened so i do believe that we will see more jobs created and of course if they pass some kind of a infrastructure package that would help if they pass cabbage that would help but in terms of the actual wage jobs look they will be different and maybe like i said she's a little bit off the mystic in terms of full recovery right we're already seeing

a lot of difference especially with president biden although he said that the 15 on minimum wage is not going to be included in this relief package he promises to address it later which will be really interesting because bernie sanders is obviously arguing for it to pass now however we'll see what happens and if it does pass that would cut 1400000 jobs not something that we necessarily need michele snyder of the market gauge group thank you so much for your time today thank you sarah. south africa is halting its rollout of the astra zeneca vaccine evidence on mars that the vaccine did not work well against a crown a virus variant 1st discovered in the country will meanwhile in the united states mass vaccination sites they continue to open up by turning sports stadiums into medical offices today chavez has more drug maker astra zeneca is racing to adapt its kogan 1000 vaccine as new variants of the virus are emerging the process now even more urgent after a small case study revealed that it was less effective at protecting against the

more contagious strain discovered in south africa today south africa hit with a devastating blow in its fight against the coronavirus emergency. rooms in south africa shown clinical if you could see. substantial officials halting plans after pullin ery data from a small case study involving 2000 people with the median age of 31 suggested that the astra zeneca vaccine only offers a minimal protection against mild to moderate disease caused by the variant in south africa but that a same time i think it's also very much a good idea to check in somewhat you 40. 1000 vaccines. for the 95 percent and all of the effects you know if you can see what's not against the v.a. and. there won't be a suspension of the vaccine rolled out now throwing south africa's plans into

disarray just a week after the country perceived its 1st 1000000 doses of the vaccine on what's really is the fact that. we're looking. so if we can get good. then. this says us officials will ramp up vaccination efforts across the country rolling out math facts and. coast to coast san francisco opening a vaccination hub that has the capacity to administer 10000 shots a day. we watch it on the street while going to. just to be sure did he or did this while visiting for the world's major sports stadiums across the nation also swapping live sports for kovan 1000 vaccines for a fascination of a very overwhelming. new york thank you stadium drawing lines of people from surrounding neighborhoods in the bronx one of new york city's boroughs with the

highest percentage of positive coronavirus cases they did move to sydney it's moving. to keep your point. so that back but amid the country's most ambitious vaccination effort in its history a recent survey says about a quarter of americans remain hesitate in getting the shot and say they probably or definitely would not get the coven 1000 x. seen and according to the centers for disease control there are a notable number of front line workers declining the vaccine morning konsole conducted a poll of a 1000 health care workers in january and found that 27 percent of them said they would never accept a vaccine among unvaccinated employees 38 percent said they feared long term side effects meantime johnson and johnson has filed for emergency use authorization of its single dose kogan $1000.00 vaccine even though it's only 66 percent effective at preventing moderate to severe cases of the coronavirus reporting in new york 20 of each other's r.t. . imagine for

a moment private companies creating their own local government sound bizarre well that could soon become a reality and about the silver state is considering approving a bill that would allow tech companies to effectively form separate local governments while establishing new business reports from our west coast to deal. the state of nevada which is heavily dependent on tourism has been one of the hardest hit by the pandemic which is why gov steve says a lot wants to create innovation zones that can run on smart technology funded by blocked change says a lot proposed tech companies should have the power to create their own local governments in his state according to a draft bill obtained by the las vegas review journal it revealed these local governments would be equipped with the same authority as a county this includes everything from collecting taxes government services creating school districts and even courts however there are few requirements so it's not just open to any tech company those applying are required to possess $50000.00 acres of undeveloped land outside of an existing city or county

applicants are to have $250000000.00 as well as a plan to invest in additional $1000000000.00 to the zone over the next decade governor says a lot outlined the idea during his state of the state address i'm proposing the creation of innovation zones in nevada new companies creating groundbreaking technologies can come to nevada to develop their industries this will be done without tax abatements or public financing following the passage of what univision joint legislation black koreans l.l.c. has committed to make an unprecedented investment in our state to create a smart city in northern nevada that would fully run block change technology. to the epicenter of this emerging industry and creating the high paying jobs and revenue that go with it in a tweet governor says the law said he was glad the plan was getting national attention as a top tech agenda he believes the idea will help strengthen about its infrastructure and economy and help generate new jobs now these local governments would completely

utilize the smart technology that would run on block chain paving the way for these governments to use crypto currency meantime officials in some counties remain skeptical of the innovations owns saying that they're not sure if they'll be good for existing communities the bill hasn't. set to be introduced into the nevada state legislature reporting for boom bust into office suites are tea. time now for a quick break but when we come back u.s. president joe biden said china would face extreme competition from the u.s. and while not taking the same approach president trump did well explain more with an actor panel standing by as we go to break here the numbers after.

knowing through the words that in the 2 different blogs but i'll blog good. i know you don't buy that in a can matter a canard while. on a bad national market that trend i mean i. just thought well you know someone else on the on the has you malayo and become. a national show him the national association. must know how to set the community. at all small little bits so what is. there in the not given by those in

the south of you in the nose you know me get a good. shot and know it then when i'm i'm. in my name and you have the. imagine picking up a future textbook on the early years of the 21st century what are the chapters called gun violence school shootings homelessness 1st it was my job then it was my fear with dealing with my savings i have nothing i have nothing to lose now i don't trust aloof or resources i look for jobs i look for everything i can to make this happens. in law in the doing is. the road to the american dream paved with good refugees and so this very idealized image of our america makes americans look hostile the deaths that happen every single day this is

a modern history of the usa america on our t.v. . show seemed wrong why don't we all just all. meals the world that is yet to stamp out this day become agitated and engagement because betrayal. when so many find themselves worlds apart when she stood up for common ground. dark industry comes to life in los angeles every night. dozens of women sells their bodies on the streets many of them underage. los angeles police reveal a taste of their daily challenge no if you're going to exploit a child here in los angeles we're going to come out of your office is going undercover is 6 workers and customers to fight 6 trade.

auto makers hind i shares tumbled on monday after automakers said they are not in talks with apple to develop a self driving car this comes after speculation they were working with apple on autonomy vehicles hyundai said it is getting more requests from other companies to develop a ton of us vehicles how ever apple was not one of them q motors also said it was not in talks with apple but is reviewing prospects with multiple companies overseas last month i said it was actually an early stages or early discussions with apple but nothing had actually been decided later they revised the statement and did not mention apple at all when hyundai shares tumbled 6.21 percent while kiya plunge 15

percent. and finally we hear from president joe biden on u.s. china relations will perhaps one of the most important relationships the one between the world's 2 largest economies on sunday biden told c.b.s. news that the u.s. relationship with china over the next few years will not be one of conflict but will be one of extreme competitions work focused more on international rules of the road so what exactly does that mean and what is acting a local i join me now to question host ben swan and jeffrey tucker editorial director at the american economic institute for economic research ben let's start with you breakdown for us president biden's comments what is he saying about this extreme competition. yeah you know he talks about extreme competition being the driver between china and the united states the problem with that statement you know he said that the u.s. is going to be very tough because he mentioned specifically president geo over in china referring to president g. has been very tough and very bright but he also said this he says he does not have

a democratic small d. bone in his body right and we all know that's absolutely true but the reality is what biden is talking about is competing with china and being competitive with china this is totally in agreement there but the problem is that biden did not talk about the issue of whether or not we can compete on a level playing field that has been the argument that's been made certainly was made over the last 4 years by the trumpet ministration the former administration that was and how are they essentially were saying china does not have a level playing field with the rest of the world therefore we have to level the playing field in order to compete by didn't really talk about that the president this time did not say much about whether or not there would be a level playing field for both sides and that's one of the biggest arguments that's been made about china is that they steal intellectual property that they essentially don't honor the rules that are being played here so we're playing by one set of rules in the u.s. they're playing by a different set of rules in china at least that's the allegation that's been made so still no details as to how there really is going to. say in competition right

competition can mean a lot of things but one thing it does mean is that government pretty much stays out pretty vague there but jeffrey to that point while many u.s. corporations they have complained about this ip theft by the chinese many corporations are fighting to get into china how does that corporate influence the biden administration's policies i think is really really decisive in fact i'm almost certain looking back to the disastrous course that chomped administration took in the us china relations might have actually been part of his undoing with us corporate america u.s. and china who are evermore lou. think in terms of globalism technology and growing together yes it is always contention those issues there's arguments about intellectual property particularly as regards pharmaceuticals and technology but what the trump administration aspired to do was what they called decouple i mean

this was a level of for ross a tea and a trade war that nobody welcomed or even anticipated i don't think the trumpet ministration to speak to that they. china was one of their 1st targets and that was the when trump said oh trade wars are an easy win it's not going to be a problem or they don't expect retaliation that it expected to go on as long as it didn't get as as horrific horrible as it as it became so there's a lot of bad news coming out of the by administration but i have to say that this is one piece of good news it's it's reasons for optimism all we really need is a restoration of some kind of trade diplomacy and a little bit of peace the the trade war was devastating and it in intensified the communist party control over the over the country and i think even inspired china to be a little more aggressive towards its neighbors in a way the u.s. couldn't do anything about so i think this is there's

a point of optimism here at least we're going to go back to the negotiating table maybe get some of these terrorists back down to get some more cooperation between the 2 countries for the benefit of producers and consumers on all sides and a lot of people did agree with president trump and still very with him that you know they need to be a little bit harsher with china are they need to add certain tariffs to certain products whatever it is they needed to do what it did it get to a level where i like what's like you said every nobody thought it would get to the 4th a long time coming so many negotiations we have a deal we don't have a deal or close to a deal no we don't just hearing completely different sides of the story but ben and his 1st cocked what the united states secretary of state anthony blinken china's top diplomat he took a hard stance what the u.s. what was that over. yeah it was a lot of that was over taiwan and the fact that under the trump administration so you know we talk about deviating from the norms one thing the drum administration did was they deviated from past administrations by unilaterally dealing with taiwan

and essentially selling military weapons especially military bombers to taiwan which is something that has not happened in the past other administrations have not done that china sees that as a direct provocation because as you know china believes that taiwan is part of its territory it belongs to it they do not see taiwan is a separate nation and so while china does not regard to i want to separate nation in the past the u.s. has had what they call the one china policy with the essentially doesn't differentiate between the 2 because the trumpet ministration did that the kind of the 1st response from this chinese foreign minister to our new secretary of state was you guys need to get back to the old policy when it comes to taiwan we have a serious problem with this and so china is already flexing in terms of that what remains to be seen is how much the u.s. will respond to that i suspect we're going to go back to a very similar policy with china as we had under the obama administration and under the obama administration that one china policy was was full in effect so i think we'll probably be going back to that jeffrey i want to go back to the u.s.

china trade or before we go there's a new report that says a large part of the phase one trade deal i want to took years to sign and 8 between the united states and china was a quote failure is that primarily because of coded or was it did it never actually it was never actually going to produce what was promised. well i was looking at the trade deficit figures here that is no question that the lockdowns had a big impact on world trade say the least but it was already had in a bad direction and the bishops have ministration us to narrow the trade deficit the results were exactly of course the opposite the u.s. lost a lot of markets and. relations broke down but you know what was important about this is that china did not stop its international diplomacy with regard to trade it kept striking up new agreements with its neighbors and regional agreements it was ready to fight this decoupling thing i don't entirely understand how it is that the

u.s. could have so underestimate the economic power of china it's almost like i don't know whether there's something went very very wrong over the last 3 years and i think by administration showing a little bit more sophistication on this topic i think we're going to iron out some of these intellectual property disputes u.s. corporate very influential corporate sector in the u.s. is very is very desperate to get back to negotiating and get back to trading and get back to progress that has to happen sooner rather than later and everybody knows it jeffrey before we go are we going to see a face to deal are some sort of deal in the coming year i guess you a year or 2 with a biting recession. i predicted on this show i think around an hour gratian time that there be 2 big 1st parodies of the administration one is to walk out walk back some of the lockdowns domestic lockdowns and to restore u.s.

trade relations with the china so i think this is a huge party and in large part is one of the reasons a biden was elected and supported by american corporate class and so this is going to be a very important priority for him by administration i think phase 2 is is going to look very very differently and i think we're all going to benefit from this as much as i have a problem with the chinese communist party we need trade again that's a path towards prosperity in peace than i us hope. that's geoffrey yeah i think it's i think it's very likely but i don't think it will be a quote unquote face to deal because i don't think the by the ministration was anything to do with the things one the oh i think i'll just refer to it as a whole new set of negotiations between china and the us although that's all we can hope for right some some low toward a common ground china today the minister of foreign affairs did say they want to cooperate to all we can do is hope for the best in west coast benson jeffrey tucker of the american institute for economic. growth so for the time you can catch the bus on the man on the portable t.v.'s and unfortunately we're out of time but.

let's discuss what happened some way to. stop a force tries to move in to object this sounds interesting. imagine picking up a future textbook on the early years of the 21st century what are the chapters called gun violence school shootings homelessness 1st it was my job it was my building was my savings i have nothing i have nothing that is not like adultery i look for resources i look for jobs i look for everything i can to make this house. annoying the doing is. the road to the american dream paved with good refugees it's this very idealized image i want to america needs

americans look pasta the debts that happen every single day this is a history of the usa america. no it's true i would say that in the. good job. and i don't buy that in a can matter a canard while we're. on a bad national market that should not be and i. just thought well you saw miles on. a little human level a night on mobile become. a national show him the national association. but doesn't know how to set the community. but i bet all small

a lot of the so what do. you need to try not to give us the impetus that although you love the most you know me going to feel really good. charlotte and know if they want to on my. in my name and you know that. the world is driven by dreamers shaped by one person those with. no dares thinks. we dare to ask.

in the day's headlines when it becomes closer to e.u. approval after it's confirmed the european medicines agency has received the application for russia's puppet shot. south africa puts its rollout of the astra zeneca. vaccine on the hold after trials point to low effectiveness against a fast spreading a local code strain. also this hour police in germany warn of growing attacks on officials and journalists by kobe deniers as conspiracy theories flourish and lock down for t.v. . and partisan divisions in the u.s. reach a boiling point as a top columnist thinks her pro trump neighbors cleared her driveway by comparing them to terrorists.