and in. the trail. the party. look for common ground. tactics that can be used to get innocent people to confess to crimes they didn't commit i don't even think people in the us really get that the police are allowed to lie to the person who falsely confessed actually came to believe the lie that they were told about their own behavior confession a stake in the case is closed nobody really can tell the difference between a good confession one that isn't.

this is boom bust one business show you can't afford it number 2 bore in washington coming up in the wake of fresh u.s. sanctions russia has vowed to retaliate and we take a look at into the impact of sanction efforts around the globe plus more optimism has risen in the fight against coping $1000.00 this president biden claims there will be enough vaccines available for all u.s. adults by may we'll catch you up on all the latest and later one of china's top financial regulators has issued a warning about the growing bubble in the west we have a tax show today so let's dive right in. and we lead the program with the latest strain in u.s. russia relations as new sanctions have been put in place by the biden ministration against moscow those sanctions are in response to moscow's alleged attempt to poison opposition leader alexina lonely with a nerve agent last year the kremlin has denied any role in the poisoning demeter

pescado a spokesman for russian president vladimir putin weighed in on the latest sanctions tuesday evening. such restrictions as absolutely unacceptable they prove the. united states and the european union which are already in a commission is nothing but interference in the law. and for more on this let's bring in professor richard wolfe host of economic update and author of the sickness is the system when capitalism fails to save us from pandemics or itself which is now available in e-book format and boom bust co-host and investigative journalist ben swan thank you both for being here to discuss this important topic now bet i want to start with you can we break down what exactly these sanctions do and who is being sanctioned. so as with and has been the case as of late it's not essential necessarily against a country that sanctions that are being issued against specific people so in this

case what we know is it is apparently a total of 7 senior russian officials and 14 entity's they are apparently facing sanctions that would block access to financial and other assets in the united states what's interesting is the 7 people that we're talking about are 7 senior russian officials around russian president vladimir putin but president putin himself is not actually being sanctioned so not exactly sure why that is i mean if you're going to take these steps why would you not say. the man in charge of the whole country but that hasn't happened here in this case it 7 senior officials again but not president putin himself and now professor wolf what do you make of these sanctions considering that they are directed at individuals and not the general population how does that really affected the russian economy. well in the interests of time and the patience of your viewers this is

a political theater this is not to be taken seriously 1st of all we've had sanctions like this now on and off for some a year that's there's absolutely no sense that russian behavior or all it sees have been changed by any of this a number one number 2 the government there will make good any damages that these individuals suffer that's what they've done in the past that's what they're saying they're going to do right now number 3 for the rest of the world this looks just this side of ridiculous we just saw the president of the united states basically avoid sanctioning the leader of saudi arabia who the intelligence age agencies say bush should to death a report or working for the washington post whatever was done to mr romney there in russia and i don't course don't know but whatever was done he wasn't butchered and so there is a bizarre disconnect here between what is being said and done in one case and

another and finally you cannot run the international world economy if some countries right or wrong 2nd selves up as the moral judges of behavior in other countries and then sanction them this is the behavior other countries do not do and the united states looks for all the world like a bully doing it and that is not good in the long run for the united states either . bad i want to kind of trade this to a broader top conversation about sex at the end what professor wolf said there really leads right into this because the bottom restoration has actually signaled that is no rush to lift the sanctions on venezuela that were heavily imposed by the trumpet ministration why wouldn't they want to lift those sanctions. well they have no interest in removing those sanctions and what makes that a little bit different is that a lot of the same sions that are against venezuela really do hurt the entire nation

what makes that israel ascensions a little bit different that in this case in this case you have senior as i said senior russian officials that are being targeted but in venezuela the trump administration put crippling sanctions into place that targeted the entire oil sector oil industry in the nation of venezuela which is the primary source of income for the country it is their number one export it is what it is way that has used to derive wealth for its people by stripping been as whale of that knobby asli there are a socialist country but the goal of their socialist country was to say we're going to support our our system by selling the nation's oil and then everyone gets part of that bit of it now we could have a whole economic debate about whether that works or not but what is undoubtable is that you can't pull that off when you have another country coming in and saying well we're going to block you from being able to sell oil from your country and therefore we're proving that your experiment in socialism doesn't work maybe it doesn't work because you're in the way right you are trying to block it from

happening so i think that's what that's kind of the bigger issue here with a lot of these these issues with ministration saying they're going to keep the same sins against venezuela in place i think again that's a political move that's about trying to shore up the latin vote in florida specifically that venezuelan vote that says hey we're tough on socialism and we're tough on socialist regimes but it's i don't think anyone in washington in washington can explain to you why this is a good thing in the interest of the united states in the interest of national security and why not allow venezuela to run their country the way they choose to run it instead of imposing ourselves on them and i want to point this out professor wolf to kind of begs point it into your initial point that bet it's almost the u.s. bullying here it seems that when the u.s. imposes sanctions they don't just say you know what you're doing business with the united states this is what's going to happen wielding the power of the world's number one economy instead they basically say all of our allies and anybody who does do business they also may you know face repercussions as well how big of

a problem is that when we talk about sanctions professor will. it's a very big problem i cover the european newspapers they are very angry at the united states they missed an opportunity to denounce the united states for punishing their people trying to make a living trading with the rest of the world they like to point out for example that with our racial problems in the united states should there be other countries that decide to sanction american companies to sanction europeans who trade with american companies because they're somehow complicit in this racial difficulty should we punish american businesses because of people of texas just suffered a terrible situation of a collapse of their electric system which was the responsibility of the electric company is there i mean if you're looking for it seems countries are doing to sanction everybody you know is in trouble here who cast the 1st stone it is bullying and it damages our status in the rest of the world and that comes back

slowly to haunt us i think ben is right this is done for domestic political advantage it's not good for foreign policy it's not good in the long run interests of the country it's a narrow political game to look like you're tough on what somebody will maybe give you a vote for a bad swallow to give you the final word 30 seconds please. i think at the end of the day we have to step back and look at whether or not listen this is not an issue of capitalism of socialism when we talk about venezuela it's not an issue of trying to stop dictators around the world that's what they would say about the russian issue but then as as professor wolf wanted out the saudi issue is hypocrisy so what we need to do is step back and just say why are we so entangled in so many ways militarily financially economically in every other nation's business instead of focusing on our own issues which are plentiful in the united states we've got to

focus on our people and focus on our issues instead of meddling everywhere else around the world professor richard wolffe host of economic update and bill bus co-host ben swamp thank you so much for this is that a conversation. thank you. and following announcement that pharma giant merck would assist in the production of justin johnson's one dose vaccine president joe biden said tuesday the timeline for having enough supply for every american has been moved up. about 3 weeks ago we were able to say they will have enough vaccine supply for adults by the end of july . and i'm pleased to announce today as a consequence of the stepped up process that i've ordered just outlined this country will have enough vaccine supply and safe again for every adult in america by the end of may. and according to the white house merck will devote 2 of its

plants to production of the johnson and johnson vaccine one factor will make the drug while the other will package the vaccine and head to quality control now for more on the state of the vaccine rollout let's bring in our key correspondent side tabular. the white house says that we will have supply in may for every adult american but what does that mean for actually vaccinating the population. of hers i want to said this is going to be one of the biggest vaccination campaign in history so 1st we break down the numbers so right now a little over 26000000 people are already fully vaccinated now johnson and johnson as late as goal is to produce 94000000 doses of its single shot vaccine by the end of may like you said now with pfizer madrone are ready pledging to deliver 200000000 doses each of their 2 shot vaccine by late may the supply would be enough to cover everyone living in the united states currently eligible for the vaccine

but that doesn't necessarily mean they're going to be getting it by may now if they go at the same speed there are now which is about $2000000.00 it will close to $2000000.00 vaccines per day we're still not looking to see everybody vaccinated to at least a late december so again unless they actually speed up the way they're vaccinating people that having the vaccines buy made it's really not going to change much brant and we've seen people take these vaccine announcements as it's kind of an effort to open up states and we're seeing that here in the united states tell us about that you know you're exactly right so governor greg abbott of texas and now does that affect the march 10th that he was ending his state mask mandate and that all businesses in this state could then operate with no capacity in the for nearly half a year most businesses have been open either 75 percent or 50 percent. and during

that time too many texans have been sidelined from employment opportunities too many small business owners have struggled to pay their bills. this must. it is now time to open taxes 100 percent and brand i should say that the texas governor took this action even though the biden ministration has warned states not to relax restrictions to soon this by the recent decline in cases because so far the us has claimed the lives of more than 42000 texans only california and new york have reported more kovan 19 related deaths than texas brant and so what are some of the dangers that are being warned about what it comes to reopening to early well right now if you look at the daily cases in the u.s. we're still averaging well over $65000.00 cases per day and even though deaths they

have the client to about 2000 deaths that's still a lot of deaths and yes the u.s. is ministering about $1900000.00 doses per day but there are more variants of the virus that are not spreading that know research that are spreading i should say that nor we can say for sure whether the vaccine will protect you against these new a variance you know there are 3 variants that scientists are really mostly worried about and really watching most closely in already in total these 3 variants come by and have infected about $2600.00 americans and guess why that one p one there in which came from brazil is currently reinfecting brazilians that already recovered from other versions of the virus if you recall throughout the pandemic researchers have said repeatedly that call the 19 re infections peer to be extremely. rare

which has allowed people who work harbor to pursuing that have some sort of immunity at liz for a while but that was before this one variant appeared brand r.t. correspondents thank you so much for keeping us up to date. and time now for a quick break but here because when we come back we'll go over the state of markets as one of china's top financial regulators is sounding the alarm about a bubble in the west as we go to break here the numbers of close. this. fall.

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1st law show your mind i'm just a patient who should be very careful about artificial intelligence and the point is to create trusts. on various shots and with artificial intelligence will something that the. robot must protect its own existence is. welcome back google announced wednesday plans to stop selling ads based on your browser history across multiple sites starting next year now the company said it will stop using and investing in technologies that track users as they surf the internet and 20. 20 google accounted for just over 50 percent of global digital ad

spending at $292000000000.00 that according to digital ad consulting firm jones media this type of tracking has received criticism over privacy concerns as well as the eye of international regulators something google product manager david temkin reference in a blog post about the decision writing if digital advertising doesn't evolve to address the growing concerns people have about their privacy and how their personal identity is being used we risk the future of the free and open web it's unclear whether we will see similar movement from other internet giants. and china's top financial regulator the economic stimulus measures in the united states and other developed nations has officials in beijing quote very worried about financial markets debility of the chair of the of the china banking and insurance regulatory commission told reporters tuesday he was concerned that liquidity injected in u.s. and european financial markets as part of stimulus policy had pushed asset

valuations above good fundamentals saying it risks a serious run in the opposite direction that would be a bubble bursting the comments come as the u.s. congress prepares to pass president joe biden's $1.00 trillion dollar relief package adding to the trillions in stimulus put in place last year so what exactly does this mean for the global economy well for more on this then what's moving markets today let's bring in michelle schneider partner and director of trading research and education at market gauge dot com and boom bust co-host christiane thank you both for being here kristie i want to start with you why is china so worried about extra u.s. stimulus measures isn't this exactly what the market has been asking for this whole time more stimulus measures to be passed i mean what side effects are there. so the u.s. markets have been begging for additional stimulus and liquidity of course because i see only reason why we're still rallying higher and still growing the market has

come to expect more stimulus i want to doesn't get it we often get some terms or turbulence and volatility until the market eventually gets what it wants to get so the market expects aggressive stance policy in the u.s. and as a result the u.s. market is the world's greatest asset bubble risk and beijing is warning about the mounting external financial threats and their potential impact on the chinese economy as you mentioned we have another package that is in the works and what get added to the almost 4 trillion dollars passed last year so beijing said that the extra liquidity in the u.s. and european financial markets from stimulus measures have already pushed as a balanced above levels justified by economic fundamentals and the secretary of the p.t.o. c warn that if the financial markets diverged too much from the real economy there will be problems and the markets will be forced to adjust sooner or later and this is something that we've talked about many times on the charedi that the market isn't really reflective of the real economy what's really happening at all at this

point so china has also ruled out massive fiscal and monetary stimulus and 2020 but those measures there were much less extensive than those of western nations and additionally the b.o.c. have started to gradually reduce its monetary stimulus in recent weeks by restraining order in china's interbank market so yes out side effects the side effects obviously include inflation what really worries china right now is that the american package will allow money into the global economy that's already awash in the quote he with extra funds ending up in china which will result in court inflation so china policymakers are now studying how to control the speed and the scale of capital inflows in order to avoid major turbulence as the country gradually opens up you know michel you know here in the u.s. markets continue to reign flatten jittery as major indices waver between daily losses and gains. are concerned that stimulus measures will lead to a spike in inflation as chris you just mentioned and erode the value of bond

richards how do you think investors should position it is inflation a real concern here. well let's start with your 2nd question 1st so is inflation a real concern again it really depends on where the measurement is right now if you're looking at oil which is really basically what the fed looks at the most yes it has come up but it's hardly at inflationary levels and that's why they're saying that they want inflation to run hot and they haven't even gotten anywhere near their 2 percent call of course if you look at shrewd commodities they've gone up 35 to 40 percent over the last several months and they do indeed look inflationary along with steel copper and lumber the things that have been used during this pandemic for the big housing boom that's happening so i would say that there is a potential of course but at this point unless we can really get the economy reopening it may be a blip and of course the federal reserve saying it will be a blip even if it happens that's assuming that everything's under control in terms

of your 2nd part of your question how should traders position well right now bubble or not we're seeing a rotation to continue into the transportation the small caps and retail sectors which all reflect the optimism obviously with stimulus in the minds of the people but also the federal reserve is an add of tools they they've been pondering now operation twist so operation twist basically what it does in the end is what we've had most recently which is where the long term rates rise faster than the shorter term so what that does is it literally twists by they by long term bonds and they sell short term bonds and that twists the yield curve if they come out and do that that couldn't stimulate the economy without necessarily the same bubble warnings that we're hearing so i would be looking at the infrastructure plan potentially i y t i'd be looking at oil and energy right now and of course i would still be looking at those food commodities because i think they're about to take off even further and now kristie less than 2 months after founder sheldon adelson death his company

say it's actually pulling out of las vegas know i know casinos are one of your passions why is the company moving in this direction. yeah this was actually a surprise move as las vegas has agreed to sell its landmark properties in las vegas which includes expedition resort and the sands expo and convention center to outlaw global management for about 25000000000 so the company suffered a very big hit last year amid the coven $1000.00 pandemic as it shut down travel and limited occupancy of the plots are actually down in december due to low occupancy in the city and the nation still remain one of the landmark hotels along the strip with over 7000 so it was basically the property that helped establish absent his company as the global force that they became so by selling to make its assets freed the company to invest more and it's singapore and macau can see knows which generates most of the company's revenue so the company as i could see was in macau one in singapore and that both accounts for roughly 90 percent in revenue

they guess on the other hand that was fueled by conventions and nightlife which had been completely decimated by coronavirus closures and analysts estimate that there's no way for a stance to return to its $500000000.00 even without a full return to conferences so much sand it's turning away doubling down on asia and they're also beginning to explore opportunities in sports betting and other digital gambling opportunities things that adelson was out along the notable opposition against. before we go michelle i want to get your take on this big point is now back above 50000 dollars and that key psychological level as bullish momentum with church what changed between this week and last week and where do you see this going could be a coin c. $100000.00 the play of the show made no i asked that pretty much every time. well there's been a few events that have been really quite huge one is of course i.b.m. in new york they're looking at a covert app coin base the i.p.o.

has basically gone over protect you percent from its initial valuation at 100000000 the city bank came out and said that the big question could be the new world's preserve currency pay-pal going krypto custody firm billionaire marco larson who used to be the pharmacy f.t.c. chairman he now has taken a stake so you've got more and more and more legitimate institution institutional type investors going in there do i think you can get to 100 i look at 47250000 give it a little bit a room holds their guess to 52000 from a technical standpoint we're certainly going to look at last week's high which was about 59 and i think it's very possible because every day you're hearing more and more stuff that's very bullish for bitcoin in blackjack going forward kristie final word i've got about 1520 seconds for your own because. well i guess sheena pretty much had it all play you also have the traditions on the dollar at the dollar and i said the x. y. and stagnating best of the short term and as we said before those 2 are inversely

correlated so as a dive against a coin it's back out to be testify if the 1600 resistance level boom bust coast christiane michelle schneider of the market gauge group thank you both for your insight. and that's it for the time you catch bus on demand on the brain a portable t.v. app will see you next time. give

us the. time. limits are going on in gyms only. those you don't consume don't jell you've been talking to a little joke dealing with this hang up on down the boss and in that other equal who don't just listen to what he calls the stance me going on in condolence don't be done to tell me i'm doing movies that do those off putting the onus is on as this is a downside to us at all to the sitting on. the . join me every thursday on the all excitement sure i'll be speaking to guests of the world of politics sports business i'm show business i'll see you then.

the end of nations being bombed into democracy biden's administration says no more u.s. backed regime change sam and whether the new slogans are likely to translate into a real policy shift. the international criminal court launches a formal probe into a legit war crimes committed by israel in the palestinian territories including during the 2014 gaza war. breaking ranks with the block the czech republic becomes the latest e.u. country to go its own way over cope with back scenes requesting deliveries from the shot from russia. an explosion at a covert testing center in the netherlands police say it was an intentional attack and comes amid increasing hostility.