in the world corrupted you need to descend. to join us in the depths. aura made in the shallows. in the 1920 s. and thirty's several 100 african americans moved to the soviet union and many of their descendants still live in russia. or being at the coast because they know no rush but also up most of us it got worse or called things on their way. back home black americans suffered from racism and a complete lack of prospects. is that lump us mud the real. one by elsa store on the by doing. so they decided to leave everything behind and start a new life in a country about which they knew almost nothing at all some of the market reared who were through during the night. found great crowds. to move

a few you're going to call. you and now almost a 100 years later the history is repeating itself my great grandfather sure it's time i went to russia. probable worst time to go anywhere why not me. what am i come here. rick.

this is a boom bust for the one business show you can't afford to miss a bore in washington so we have to open up the biden ministration has started talks with german officials about the north stream too high flying weather report out of berlin about the future of the controversial project plus u.s. equities touched fresh record highs as big point eclipsed the $50000.00 mark the panel of experts on hand for insight into this latest boom and later concern the social media site parlor is back after finding new postings to go over the alternative to facebook and twitter as a return on line impact show today let's dive right in. and oil prices hit their highest level in more than a year as the southern portion of the united states has been battered by cold weather halting operations at oil wells and refineries in texas on monday now the cold weather also caused restrictions to natural gas and oil pipelines the state produces roughly 4500000 barrels of oil

a day and is home to the most refineries in the u.s. the cold weather has helped to support the oil rally we've watched in recent months due to opec plus cuts for more on this and what's moving markets to settle let's bring in michelle schneider partner and director of trading research and education at market gauge dot com and octavia moran's the c.e.o. of optimists l.l.c. thank you both for being here i actively oh i want to start with oil prices obviously this type of weather event isn't going to cause lasting changes in the commodity but we have watched prices steadily increase due to those cuts we've previously talked about and a perceived increase in demand as we see the vaccine roll out taking place what's your analysis of the sector at this point octavio. well i think with the price of oil through through the severe weather you see in the u.s. at the moment has actually been remarkably stable so we haven't seen much of an impact from that but i think the game in is really opec having cut this production quite severely and a whole bunch of north opec countries also having cut their production because the

your oil prices came down so low so a lot of oil facilities were simply not profitable in particular in the u.s. and in china and places like that and cut their production response so it's been production cuts but we see now of course the power 6 months production inching back up. in terms of price we're back to sort of pre-code levels so it's looking kind of encouraging return to normality but we're still under the covers really seeing a collapse in demand for oil most of the oil you use in the u.s. in other developed markets is for travel rather than the sort of other application so that is where the the bulk of things happen and it's interesting right now in europe for example the shutdown seats are getting more severe and worse even than they were just a few weeks ago so it's not clear that we really returning to normality anywhere in the world of the states but the balance of the risk look like we might have for the shutdowns and for the crimp some travel so picks that have to keep a very close eye on that and maintain the price ability but i think the price of me to see has been as a result of them sort of fine tuning their production

a little more than i was if they were to keep an eye on that as always because opec class discussions kind of it they get a little bit heated but they always seem to kind of agree on got that the end of the day and keep this movement going michelle i want to move over to equities now after hitting record highs early in the session tuesday on renewed stimulus hopes the 3 major indices here in the u.s. the dow s. and p. and nasdaq they fell into negative territory and the dow however was able to call back some gains by the end of the day what do you think moving markets tuesday. what we're thinking that's going around the markets right now as far as saw in terms of we're going a little bit down in those 3 things the market has been going straight all programming time towards some kind of a correction. being there so instead of looking exactly. i think you have to look at exactly what you're saying is what is going up and i think the biggest winner today in terms of the macro and the health of the market and its tension from the current is the transportation sector which actually went to new all time highs

today and close in agree to that in the junk bonds which also cause a little bit red but is there. i should say on your highs 52 week highs and so i think there's still a lot of optimism based on stimulus package but just stepping back in terms of the overall market we're really going inside the range of last week except in semiconductors that went to new highs banks that went to new highs so it's a mixed bag but still the overall health looks pretty good at this point i mean and as you said if you look at where we've gone from the beginning of the pandemic with things really fell we've basically been going straight up for about the last 9 months octavio we're also seeing 10 year treasury bond yields top 1.25 percent for the 1st time since march of last year at the onset of the pandemic 30 year treasury bond yields are also rose to 2.08 percent what does this rise in bond yields tell us about the state of the economic recovery. well i think what we're seeing is an

increasing concern about inflation and so it seems that those bones are the eyes of the rest of them a sovereign to ask for more of a premium for holding on and taking on the increase in inflation risk so the fed has just pump a huge huge amount of liquidity into the markets and that has a risk of coming back and boomerang in the form of inflation and i think you saw to see people increasing concern about that so this could be pressure on longer term rates i mean the fed has been very effective about keeping short term rates very very low and that's where most of the buying activity the set is billed as the short dated a bunch of that into the yield curve and it looks like the longer term rates might be getting a bit away from them so we'll have to remain and see but i think what we're seeing there is people concerned about inflation and saying it. i'm going to take all these long term rates should be compensated for and now we get to the fun bit cohen broke another record on tuesday finally eclipsing the $50000.00 mark going as high as 50000 $602.00 around 7 30 am eastern time now the world's most popular crypto

currency has basically been on a tear and 2021 gaining roughly 70 percent since the start of the year on the back of the rally that began to close out 2020 institutional money has really pushed the price up recently and news that tesla had bought $1500000000.00 in bitcoin has further supported that rally meanwhile we're also seeing all coins like ripple in the theory and they're making says substantial gains as well now michelle what do you make of this latest run as someone who is he probably is more of a traditional equities investor how important is this injection of institutional money into big. well before i answer that i just want to jump on octavius point about inflation because big part of the move has been as a sort of new hedge against inflation so i just want to mention that that is a real concern in terms of going back to the institutional investments in because and i think it's incredibly significant we not only write his test we're doing cash

for big cohen but you had b n y now and last week mentioned that they were also going to be looking at a digital asset. you have jack dorsey talking about square crypto which basically is going to get grants to bitcoin developers and if this trend continues even michael strategy came out today and said they were going to borrow 600000000 dollars. so as this continues to be a trend i think that bodes well overall for big coin and we can see as you mention it is now trickling into some of the other alternative currencies the theory and being 2nd being 3rd and even those corn really reflects the hysteria that we're seeing here as far as the volatility of coto going forward so i think it's going to be a while before we saw it to see that change obviously you have to look at. look at any type of equity and look at it from a technical standpoint now that we broke some 50 came back down i'm looking for 47 to haul otherwise we could see some shock selling otherwise we get back to 50 we'll

have up to 60 s. what i want to hit hit on before we go we just mentioned it pops 70 percent just this year alone we've talked about it on the show that could be headed to $100000.00 you know while ago that might have seemed crazy but today not so much do you see it continuing to go up or are we do for a big point correction at this point. let's not i mean it's almost a fool's errand to try and predict a bit when it's going to go 100000 you know why not 100000 is my favorite number but i will say i think it's interesting that the mosque has converted tesla into a crypto hedge fund that happens to produce have a sort of profitable line of car manufacturing on the side and that's where he's going to make all his money in the in the coming year looks like with quite investing so maybe he'll ill spin off the car side of things and just focus on crypto investing and focus on that since he seems to really good at the. optimist michelle snyder of market gauge dot com thank you both for your time today. thank

you thank you. and the biden administration's move to open talks with germany over the future of the north stream to pipeline to 1200 kilometer pipeline is set to carry russian natural gas to germany but meet the baltic sea construction of the $11000000000.00 pipeline resumed earlier this month after being shut down more than a year ago due to the u.s. congress's authorization of sanctions on companies involved in the project so what is the future of the pipeline and where does the new u.s. administration stand on the issue largely correspondent peter oliver has been following the story and filed this report from berlin. president but same old problems when it comes to north stream to barack obama's policy was to try and make it take as long as possible donald trump sanctioned it into suspension on the joe biden though we have seen construction of the pipeline resume with less than

50 miles away from completion and pipe being currently laid in danish waters at the moment joe biden doesn't like north stream to he never has liked it he's being quite outspoken about that in the past he would see its completion as a win for russia also that it would tie europe far too closely to russia when it came to energy needs something he would find incredibly difficult to sell at home if not almost impossible in fact we've seen some u.s. senators clutching at that pearls and fretting that the north stream to gas pipeline could ultimately put the whole nato alliance at risk might be going a little bit too far booked this brand new pipeline does have the potential for causing headaches for the u.s. administration particularly when it comes to ukraine because it could cook ukraine out of europe's energy transit supply route at the moment the vast majority of

russian gas coming into the a you makes its way. across ukraine and ukraine takes a transit fee for that this pipeline could could kiev out of the deal so what we're seeing at the moment is germany attempting to try and find a rock wash more with washington over a century allowing the project to be completed there are a number of things that have been floated recently among them a mechanism that would allow. could off the gas being sent from russia should ukraine because out of that supply chain also a new deal for ukraine for transit fees for gas moving across its territory. for germany to help ukraine to. give a huge influx of cash essentially to ukraine to allow them to diversify their gas transit infrastructure for the transportation of hydrogen across their borders now

there are some here in germany that have gone further and would say that they should complete the north stream to gas project but have a moratorium on allowing it to open until russia shows what they've called a a show of good faith say the release of kremlin critic alexei no violently from prison that is only likely to go ahead because why would you finish a multi-billion dollar project and then leave it sitting idle there's also a lot of legal questions over whether it would be legal it all for berlin to step in and shut off gas for a project that angle or merkel herself has been particularly at pains to say is a business venture an infrastructure venture not a political one germany intends to go carbon neutral by 2050 gas is seen as the bridge to allow them to do that but the brass tacks of all of this is germany needs the gas russia has the gas nordstrom. 2 allows the gas to get

directly from one to the other leaves very simply 2 options for the u.s. administration either they allow this project to go ahead or we could well see sanctions again placed on germany and the nato allies we're going to hear from joe biden speaking at a virtual munich security conference we're all not gathering immunity because of covert 90 but that will be on friday he'll be giving the virtual address lots of eyes looking to see what he has to say about north stream to us for boom bust peter all of a in berlin. and while there are encouraging signs in the fight against the copen 1000 pandemic with cases down 40 percent compared to 2 weeks ago spread of more transmissible and

potentially deadlier variants of the virus could once again slow the economic recovery r t correspondent joins us now with more. tell us about these variants and what we need to know you know brand of biggest shock to the global economy right now is mutating live only you know i guess when we're seeing daily cases drop drastically in the u.s. like you said cases are down 40 percent death 22 percent plus the roll out of vaccine which had to raise hopes for a quicker economic recovery instead we're now seeing more transmissible and potentially deadly a variant of the club in 1000 spreading very quickly globally now here are the major culprit 19 variants that have emerged on february 7th there be 117 variant doubled every 10 days in the u.s. that's when we thought that this is a very and was just more contagious 30 to 50 percent in fact. more contagious now

this group of corner virus came to light in britain now also on february 7th south africa they stop using astra zeneca vaccine against a b 1351 very end because their antibodies won't grab the virus tightly now this variant was 1st identified in south africa in december and on february 11th this variant also was confirmed in the u.s. now the f.d.a. is preparing a plan for updating back scenes if this variant surges in the u.s. because so far only a handful of confirmed cases we're seeing here and then on february 13th studies confirm that the b 117 is also likely more deadlier than other variants and remember just a week ago we thought that the very end was just more contagious and now we're seeing

that it's also more deadly then on february 9th of 15 scuse me as americans anxiously watched a variance in the u.k. and south africa spread right here in the u.s. scientists found a number of new variants are that originated from right here the most dangerous one being the q 677 spike imitation which has been found in the u.s. right now it's difficult to answer even basic questions about the very end because the u.s. researches less than one percent of corinna virus test samples now lastly on a february 16th and another a very contagious and deadly there ian was also found in a several continent in fact this latest variant has been detected in 11 countries listed right here plus the fact that this is very and has been in so many

countries indicates that it's been around for some time now. now the fear is that this mutation could also make the vaccine less effective and brand all these new very and stay opposed to major threats 1st to counteract the higher risk of infection i t v could once again be tightened pushing you know economies back into recession in britain for example where one of the fast spreading variant is now widespread they re entered a full lockdown on january 5th now the 2nd thread of a possible new variant is that they're resistant to the immunity by the existing vaccines and passive infections well they could trigger a new cycle of restrictions and new choir a new round of vaccinations so now again we're talking about being said back up lamont so either way either way you look at it this is just not good news especially for the economy brant barky correspondent sites every thank you so much

for keeping us up to date. and time now for a quick break but here because when we return conservatives that social media site parlor is back up or finding a new oh we'll check in on the emerging competitor as we go to break here the members of the club. that you lost your job. in the. lower story you are sure.

when you go into the movie lingo it in the video it appears with an umbrella. that is still chill it has the soul of the knees and i'm way too cheap to the. nature of human beings to change nature so i think you know the music yes i think is one of those lost parasitic that's going to make people uneasy really why should we why should we be forced to buy time just because major sizing them. or somebody new brain why don't we get to choose the. join me every thursday on the alex simon show and i'll be speaking to guest on the world of politics sports business i'm show business i'll see you then.

i i. i. and welcome back conservatives social media at parlor has finally made it back online after being removed from amazon web services servers last month now the relaunch of parlor comes with a new server provider and now a new c.e.o. joining us now to break it all down for total investigative journalist ben swan a social media expert if i've ever seen one absolute. well parlor says it is back is it actually i what's different and what's the same well let me ask you this have you tried to go on parlor today so i did because a part of my social media savvy i have a parlor account and it is unbelievable how how messed up the site is still you try

to get on it doesn't work properly it doesn't load 8 of them with a big wrench on the screen and says we're having technical issues when they do finally get you in after you by the way have to completely reset your passwords and start all over again your feed is gone see here's the problem lot of people don't realize this when parlor was set up through 8 of us and amazon web services apparently the very very wise people who ran this company didn't bother to back anything up so we now they've moved over to a new server system they apparently don't have any of their original information it's it's hard to imagine brant a company with so much money behind it and so much momentum behind it over 20000000 users by the time they were shut down they have so much going on and they have so little that they did right and bet is that reason is that because it was kind of started under political motivation rather than the tech people that you kind of see who start most social media sites. so i don't know that it's because it was started

out of the political motivation i think it's more because there was an assumption made a wrong assumption and that assumption was we could just build it remember libertarians and conservatives they loved to say you know if if you don't like twitter and you don't like facebook go make your own right that was the excuse for a long time so that's what parlor did parlor and john mattes the c.e.o. of harlow rebecca mercer the conservative donor who called the money into it when they decided ok we'll start our own the problem is they didn't realize that google and apple were going to say actually you don't get to do that and amazon was going to say you don't get to do that and so they built this thing as if they would be welcomed with open arms by the tech world of course they weren't and i think they underestimated what would happen and so they got kind of flat footed now they have a new c.e.o. this guy in the tea party patriots mark meckler who is now running running parlor bud just to say that they're back up and running is probably a pretty big understatement if they're really not working it out right now meckler

it to your point meckler actually said they wouldn't be reliant on big tech so how does that change now. yes so what he's saying is they're not reliant on big tech but they have an answer or solve the real problem right and the real problem is that they are not they're still dependent on companies to provide for instance their their server issues so i the company that's essentially doing this for them and i want to get their name here is called sky silk it's a company that's providing servers for them instead of amazon now well sky says hey yeah we're in agreement with the idea that people should have a chance to speak and we believe in free speech great the problem is though it's parlor still dependent that sky still doesn't change their mind at some point in sky's so besides all of a sudden you know what we changed our mind we got some pressure put on us from other clients and so we're going to drop you they're out of luck again so they have not built themselves to be non reliant on big tech they have just made themselves non reliant on amazon and that's not the same thing and you you mentioned

a parlors former c.e.o. john mattes he said as ousting was in response to his push for more strict moderation of extremists and extremism and violence on the platform and so does that is basically what he's saying is that partly the new parlor the new version of parlor on sky zone is not going to be more strict. i don't think they'll necessarily be more strict but if we're going to be honest here i don't think that's the reason that he was removed and now so the c.e.o. i don't think it's because he wanted to to crack down on violent speech i think it's because quite candidly he bungled a company that had all the momentum the number one downloaded app on the apple app store at the time they were taken down why were you there in the 1st place being built the way that you were built i mean they've been down for weeks and as i said this reemergence is bad so. obviously you know the former c.e.o. wants to make the case that it's for ideological reasons that he's out not because i ran a tech company and it didn't work i didn't do

a good job of protecting it no one's going to admit that so i'm skeptical of his reasoning for. but at the end of the day we'll see if parlor actually gets its momentum back i'm suspicious that it won't because i think there's a lot of users who are going to come back to them now saying we don't trust you're not going to get taken down all over again i just think they had the momentum and it's difficult to recapture that and if you look at it from a tech perspective ben i mean you have to look at it as you create a new site or or you relaunch a site you have technical problems that you just mentioned obviously it's day one but unless people can get back on it and actually use the service well they're just not going to come back i totally understand that boom bust co-host and investigative journalist ben swan thank you so much for following the story for us thanks. and that's it for this time you can get boom bust on demand on the brand new portable t.v. happened on smartphones and tablets through google play and the apple app store by searching portable t.v. or t.v. can also be downloaded onto a model samsung smart t.v.'s and ropey devices or simply talk about a portable t.v.

we'll see you next on. nature's human beings to change nature so i think you know the music yes i think is one of those lost parasitic there's going to make people uneasy but really why should we why should we be forced to buy time just because nature sizing the. course of the new brain why don't we get to choose that. imagine picking up a future textbook on the early years of the 21st century what are the chapters called gun violence school shootings. first it was my job it was my field bill it was my savings i have nothing i have nothing it is not like i don't try i look for resources i look for jobs i look for everything i can to make this house. and all i end up doing is. the road to the american dream

paved with good refugees and this very idealized image of. americans look pasta the deaths that happen every single day this is a history of the usa my america. is your media a reflection of reality. in a world transformed. what will make you feel safe from. isolate. welcome unity. are you going the right way or are you being led so well. by. what is true what is great.

in the world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. child trafficking down forced labor those are the allegations told in a lawsuit against some of the world's largest chocolate producers we head disturbing testimony. to tara uses for your clothes were not given any. visible scars from machete accidents. a dutch court declares the government's covert curfew to be illegal ruling that ministers misused emergency powers. and. french lawmakers approved a 90 separatism bill which critics say would unfair lee target muslim opponents to the legislation have been rallying for days in paris. and as u.s.

democrats announce plans for a now.