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this is the one business show you can't afford it and washington coming up in the wake of fresh u.s. sanctions that russia has vowed to retaliate we take a look at into the impact of sanction efforts around the globe plus more optimism has risen in the fight against hope in 18 us 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 packed show today. and we lead the program with a lady. strain and 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 volley 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 this is nothing but an 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. yes 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 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 chance that russian behavior or all it sees have been changed by any of this a number one or 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 agencies say

bush should to death a report or working for the washington post whatever was done to mr obama 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 opposed 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 this 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 bed swaddled to give you the final word 30 seconds please yeah 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 bence want thank you so much for this life a conversation. thank you. and following an announcement that pharma giant merck would assist in the production of johnson and 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 were able to say i don't have enough vaccine supply for dolts by the end of july and i'm pleased to announce today as

a consequence of the stepped up process that i've ordered and just outlined this country will have enough vaccine supply of saving it 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 factory will make the drug while the other will package the vaccine and handle quality control now for more on the state of the vaccine rollout let's bring in our t. correspondent saya tablature now cyrus 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 you know you're exactly right before as i want to said we're going to be one of the biggest vaccination campaign in history so 1st we break down the numbers see you so right now a little over 26000000 people already fully vaccinated now johnson and johnson the latest goal is to produce and 94000000 doses of its single shot vaccine by the end

of may like you said now with pfizer madrone are ready pledging to deliver $200000000.00 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 and it'll close to $2000000.00. vaccines per day we're still not looking to see everybody vaccinated to at least late december so again unless they actually speed up the way they're vaccinating people that having the vaccines by mates really not going to change much friends and no sorry we've seen people take these vaccine announcements as it's kind of an effort to open up state 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 a side effect of march 10th that he was ending his statewide mass mandate and that

all businesses in the state could then operate with no capacity in the mills. for nearly a 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 texas 100 percent and brand i should say that the texas governor took this action even though the buy it in ministration has worn states not to relax restrictions to soon this by the recent decline in cases because so much of the why it has claimed the lives of more than 42000 texans only california and new york have reported more kovan 1000 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 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 no 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 a lot of people will recover to pursue that have some sort of immunity at least for a while but that was before this one variant appeared brand r.t. correspondent sites avon's or thank you so much for keeping us up to date. 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 what was.

good the fuck does. not. move them a little. does she don't consume don't jell you've been talking to the whole joking dealing with a single bond on the bus and in that article going to tens of thousands of what he calls this tells me. this will be done soon only i'm doing more with that to those of moodiness owners this is also the us it all took the sitting

on. one else chose seemed wrong when all quotes just don't hold. me lol yet to shape our disdain become active. and engaged with equals betrayal. when so many find themselves worlds apart we choose to look for common ground. metabolife small molecule bodies make. less of it as we get older this is one of the things i work on. because we have less of it we become more prone to infection and the crazy thing is that $119.00 sars could be

$21.00 of the. ways of attacking the body to deplete the body even more of that chemical which we need to fight infections. and welcome back google announced wednesday plans to stop selling ads based on users browser history across multiple sites starting next year another company said it will stop using and investing in technologies that track users as they surf the internet in 2020 google accounted for just over 50 percent of global digital ad spending at $292000000000.00 that according to digital ad consulting firm 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 referenced 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. china's top financial regulator says 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 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. 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 but more on this and 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 christine they can both for being here christy 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 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 about above levels justified by economic fundamentals and the secretary of the sea warns 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 richard 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 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 ringback 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 tourists by they buy 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 it's 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 or 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 palazzo actually down in december due to low occupancy in the city and the venetian still remain one of the landmark hotels along the strip with over 7000 whims 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 and before we go michelle i want to get your take on this big point is now back above $50000.00 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 coing could be the new world's preserve currency pay-pal going krypto custody firm billionaire mark 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 we have is 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 got about 1520 seconds for air on because. while i guess she did not pretty much had it all play you also have the traditions of the dollar at the dollar and that's that the ex-wife is stagnating that's trying to the short term and as we said before those 2 are inversely correlated so as a dive against consolidating the coyness back out to be tested 51600 resistance level bus co's christiane michelle schneider of the market gauge group thank you both for your insight. and that's it for this sabia kids bus on demand on the

brain in portable t.v.'s we'll see you next time.

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a more favorable picture of something that is. the end of nations being bombed into democracy biden's administration says no. change whether old habits die hard. international criminal court launches a criminal probe into alleged war crimes committed by israel in palestine. the canceling of books by famous children's author dr seuss hurtful stereotypes takes its of the top of the bestsellers list on amazon. and americans are getting fed up of. 64 percent of people believe that it poses a threat to the freedoms we put the issue up for the but.