that's why the next. moment. as i said. you get. them to know that it was them but again it was on the. this is a boom bust one business show you can't afford to miss in washington coming up in a promising sign for the economy of the u.s. jobs market saw a boost last month straight ahead we'll analyze the numbers and how optimism is affecting global markets plus chinese technology firms have filed lawsuits against the u.s. government over the ongoing tech tensions between the world's 2 largest economies and later we'll go inside the emerging and have tea sector and breakdown what

exactly it is and the hype that surrounds the technology impact show today let's dive right in. and we lead the program here in the united states the u.s. labor department reported friday non-farm payrolls surged 537-9004 the month of february as the unemployment rate ticked down to 6.2 percent now the economy was expected to gain just $210000.00 new jobs so this is a big boost on top of that as some areas of the country relax coping $1000.00 restrictions more than 350000 jobs were actually added in the leisure and hospitality sector with most of those employees taking jobs in bars and restaurants the health care sector also added 460000 jobs while retail at 41000 now despite this positive news it is important to note 8 and a half 1000000 fewer americans held jobs in february compared to the same month last year just prior to coburn 1000 restrictions going into. hecht so with this in

mind let's go ahead and take a look at how global markets shake out for the week all eyes are seemingly on inflation and bond yields in the united states the pressure is hurting equities as we continue to wait for the latest in this package to get through congress but we begin in russia where the most up this week despite sanctions and a possible 2nd round on the way the market gained ground on higher oil prices and news that one of the country's largest retailers price is going public moving into asian markets the shanghai composite it is down but just slightly for the week it's a victim of that dip in tech stocks which largely pushed asian exchanges into the red china's premier announced friday that the country is aiming for economic growth of just over 6 percent in 2021 we find a similar story in hong kong where the hang seng it's also in the red the this week the index announced changes hoping to diversify risk they include adding a target of 100 firms with broader exposure to financials information technology

and health care among others over in japan where the nikkei is also down this week it was a victim of rising bond yields lower tech stocks and japanese conglomerate softbank group which fell 5 percent on thursday alone moved n.d.o. where the sensex is in the green it is up 2.5 percent despite losing $440.00 points on friday the index was pulled down by financials pharma and i t stocks however it was not enough to erase those gains made earlier in the week and in australia the a.s.x. is also up about a half a percent despite sell offs on thursday and friday the energy sector was up as a whole but the tech and health care sectors weighed heavily on the index moving to south africa the all share is in the green for the week the rand again to ground on the news and expectation that the u.s. will keep lending rates low and monetary policy loose moving over to europe and the americas the footsie is in the. slewed at the end of the week as investors continue

to watch for higher inflation the market fell at friday's open but recovered on a weakening pound sterling the german dax and french cac they are both up as well in germany investors are anticipating a gradual easing of code restrictions as the country's vaccination program begins to pick up speed in france the cac slipped 1.2 percent on friday as investors continued to inflation but overall sentiment was positive after a new 100000000000 euro stimulus plan was announced earlier this week let's move across the atlantic to brazil where the evo best it's in the green as well new data this week from the brazilian government says the country's economy is one of the most resilient in latin america last year's contraction of 4 percent is a positive compared to argentina's 10 percent and mexico's 8.5 percent loss in 2020 and that brings us to mexico and their b.m.v. it's up for the week on wednesday the country's central bank projected that g.d.p. would grow by nearly 5 percent this year strong energy prices and

a brighter forecast for the u.s. economy prove to be more good news for the market here in the united states the s. and p. and nasdaq well they're in the red but the dow rallied late friday to finish the week up due to a wild swing on better than expected jobs numbers which we just talked about but more broadly for the week equities fell after fed chair drone powell did little to address rising treasury yields between 1.5 and 1.6 percent and finally north to canada the t x x also rallied to finish up on the week boosted on friday as raelene crude oil prices outweighed inflation fear or oil prices are now at the 14 month highs after opec and its allies agreed not to increase production next we're going to continue to keep an eye on the inflation and rising bond yields while the u.s. congress looks to send a $1.00 trillion dollar relief package to president joe biden's desk and that is your global market walk.

chinese technology company little cohen is suing the u.s. government over being blacklisted from doing business with american investors who was one of the many companies that are going trump administration blacklisted for allegedly having ties to the chinese military the tech company once the decision reversed but will that happen under a new u.s. administration legal analyst molly barrows contributor with america's lawyer is here with more what does this lawsuit say. well basically lou current technology brand is suing the u.s. this week saying hey we want to be removed from this blacklist if we're not starting march 15th conk stocks are going to be banned from being owned or traded by american investors and in fact all investors must divest by 2021 so that's going to hit him pretty hard in the pocketbook and looking says this ban is going to hurt the company's ability to get capital from investors as well as their relationships with u.s. banks so there's going to be a lot of ripple effects including the software company's chief technology officer

who is an american citizen owns a 1000000 shares of the business so they said they tried to work with the government tried to find out what the basis of this designation is by the u.s. defense department had no luck finding out how to get off of it so this isn't even the only lawsuit braina you had smartphone maker they also sued the u.s. government in january for the same reason basically saying that this blacklisting was unlawful and constitutional in both of course deny that their own controlled or in any other way affiliated with the chinese military or government but so far there's been not a lot of response it looks like that blacklist is moving forward how have these blacklisted companies been impacted financially so far after they were put on that designation. well look around stock is only traded on nasdaq but the company's shares fell like $0.04 to a $1.13 in new york this week and it had traded $10.00 a share that was in august of 2019 and shami is the world's 3rd largest smartphone

company and their bottom lines already been impacted after being blacklisted in january and of course both companies were added to the list on trump's the trump administration's way out the door. also there are hong kong listed shares the chinese firm are down over 10 percent global index publisher f.t.'s the rough russell dropped both of those companies as well as another high tech firm from global chinese indices so the changes supposed to take effect as far as being dropped from those indices on march 12th due to that blacklist but you know there could be even more deletions if they continue to have other companies that you know are blacklisted or they uphold the blacklisting of these peculiar companies it will good to see how this plays out geo politically as china is moving more and more towards dominance not reliance on the u.s. what it comes to technology and moving forward with their technology aspirations. we've talked about this pretty much all week long is there actually any indication that the by the administration will ease up on these companies in any way after all of this was put in kind at the last minute by the trump administration. right well

all of their information the research the reports that i've read on this thread it doesn't look like anybody is really holding their breath for any significant change that may be true and made some decisions along the lines with china that may have been difficult for people to stomach but they kind of like them in place right now this could be one of those along with some of the other you know things that he did like raising tariffs and the like but the financial executives say they're in it for the long haul they're hoping for a little more clarity that maybe biden will come in and offer. for instance he delayed trump's ban on investments in chinese companies with names that are similar to those that have been blacklisted and thought to have ties to china's military he extended that deadline of may 27th he said he's also doing complex reviews but there. no indication that there's going to be any real major changes i mean he's got a lot of pressure from republicans as well to keep the same stance that trump had a tough one on china on blacklisting these companies so you know there's a lot to consider commercial unstressed along with national security taking

a comprehensive approach instead of just piecemealing it we'll see what comes out of it but right now it looks like they're just hoping for some clarity more so than any major changes and legal analyst a contributor with america's lawyer molly barrows thank you for following the story with can do that right here on boom bust. thanks for. australia is asking the european commission to look into italy's decision to block a shipment of coke at 19 vaccines earlier this week italian officials asked the european commission to block a shipment of more than 250000 doses of the oxford astra zeneca vaccine headed to the pacific island nation from the block italian leaders say australia is not a vulnerable nation and therefore should not receive the shipment also referencing a shortage of vaccine supply in the e.u. as a reason for the request during a press conference friday australian prime minister scott morrison was

understanding of italy's concern. in italy people are dying at the right of 300. and so i can certainly understand the high level of anxiety that it would be in the ability and in many countries or across europe and so they have some real difficulties there. and not on broadly across a situation that is not the situation of the strike but nevertheless we've been able to secure our supplies and additional supplies for importation but it's with funds and this is in it which means we can get to new the roll out of the program. at the trend the spread of the virus internationally with r.t. correspondent science editor cyrus where we are you know bramber 5 over the latest numbers i want to follow up on your story on italy because they're not alone here france also just announced they too may follow italy and block including 19 vaccine shipments to other country now here's the issue these european countries like

france and italy they're planning to a similar aid their own countries vaccine rollout and it appears that they might not have enough vaccine to meet their own country's demand and so they're thinking twice about sending doses to another country and while coben $1000.00 cases rose and 9 percent last big over a $53.00 country a region of europe only 5 percent of the e.u. population of $447000000.00 has received their 1st dose of the vaccine only the u.k. who is obviously no longer part of a u. is currently on track on their vaccine rollout but as friend of president manuel in my colon says rich countries still have a moral obligation to help poor countries get vaccinated at the end i'm working with. 1000000 medical professionals when you know we need 13000000 vaccine doses to protect them and enable that the health system can resist if we europeans and

americans can deliver as vast as possible these 13000000 doses its worth. so we'll see sue and friends will follow through since many developing countries like ethiopia somalia bangladesh tons in yowr even peru will likely have to wait until 2024 before fully vaccinating their populations and rich countries rich nations represent 10 percent of the world's population yet have bought up more than a half of all the vaccines that are available but as long as the virus is here and when i say here i mean anywhere on the globe everyone will feel the impact in fact a recent paper by the i.m.f. even estimates that if vaccination doesn't reach the developing world fast enough it might cause a 9 trillion dollars to the global economy and most of that costs will be borne by the u.s. u.k. and canada so basically if poor countries go on vaccinated rich ones will pay $1.00

way or another now i with that said i want to take a look at the latest numbers here in the u.s. scores the u.s. overall death toll from colvin 19 has climbed over 531000 and we are right now if you can see we right now are registering over $66.00 cases and about 2000 deaths per day and i the same time that we're still seeing a little bit of an increase more u.s. states are lifting restrictions on residents and non-essential businesses all of this the spider warnings from health officials that premature easing could potentially cause a very dangerous 4th wave and on the vaccine front here in the u.s. health officials there now administering about $2000000.00 actually little over $2000000.00 vaccines per day and approximately right now 10 percent of the adult

population are fully vaccinated others they're all waiting their turn brant. r t correspondent sites have to thank you so much for keeping us up to date. and time now for a quick break but when we return this week there's been a lot of talk about the world of tokens of a boom bust pedal on hand to discuss the trend but it's picking up steam as we go to break here the numbers at the close. join me everything on the alex salmond show and i'll be speaking to us in the world of politics sports business i'm show business i'll see you then.

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and welcome back there is an incredible story out of miami that involves digital art and something known as n f t's we set this up in october 2020 miami based art collector pablo rodriguez freilich spent almost $67000.00 on a 10 2nd video piece of artwork that he could have watched for free online last week he sold that same piece of artwork for $6600000.00 the video by digital artist be people whose real name is mike winkleman was authenticated by block chain which serves as a digital signature to certify who owns it and that it is an original work it's a new type of digital asset known as non fungible token or at f.t. which is exploded on the internet as investors scramble to spend enormous sums of

money on items that only exist online joining us now to go in-depth co-host ben swan and kristie i thank you both for being here i you know i read about this all week long and i thought i know who i want to talk to this about so chrissy let's start with you why would someone pay millions of dollars for an n.f.c. video clip. well people talk a crazy amounts like 6600000 for a video clip because of the same reason that r. is valuable because of scarcity so and if he is game of value to offer the same deflationary principles as the coin and there's a limited amount of tokens in the items cannot be duplicated and as you said earlier also to see also plays a major role because these tokens are easily verifiable and can always be traced back to its original creator so owners are able to fully zest additional assets with the knowledge that only god has the only token of its kind so in other words

the owner has bragging rights which people pay enormous sums of money to say that they are so you can still give you this art or video for free online but the f.t. actually gives ownership bragging rights clout and also increases the awareness and support for the creator so if it back this up a bit at f.t. is a special class of these digital assets in cannot be strange with one or an equal value or be broken down into smaller values like other currencies so no one n.f.c. is the same as another and they're all characterized by their unique qualities as well as authenticity so these are essentially collector's items and cannot do now these entities a compass everything from arc to digital fashion item super to real estate characters avatars and games so far the cute little volume crypto sales art sales is about $193000000.00 so we have celebrities now fully embracing f.t.'s of people like mark cuban l m i 6 girlfriends buying and selling digital goods online like

with m.b.a. also getting into the game as well now before you get to the next point where you through it is the reason this is becoming big now is because it needed block chain technology to essentially have that authenticity and that one of a kind nature of that f.t. . yeah i think so i think i think blog opens up the door to be able to authenticate all of this right without having a unchangeable tamper a bill with ledger online which is what blog chain is you wouldn't really be able to pull the saw so yeah the whole thing is based upon the the principle in the concept of law change and now bet on friday kings of leon made history becoming the 1st ever band to release an album using it. how does that work when it comes to music i mean they sell millions of albums. sure absolutely well the 1st thing i thought when i realized that this was happening was kings of leon still makes music shocking to me then after the ad when the when i came to my senses there's a here's

a couple of things that they're doing with this right so they are issuing and have tea with their album the album is called when you see yourself it's the n.f.c. that they're using gives you essentially 3 things because they're essentially releasing 3 different types of tokens so with your in of t. you are actually tokenize in your economy in various ways in this way the 3 different tokens give you these things one type is a special album package a 2nd type of token offers a live show perks including in some cases for front row seats for their concerts for life however long that goes on and the 3rd type is just for exclusive what they call audio visual art look the thing about tokenize in everything and that's where we're headed in the economy we've been saying this for a long time on the show when you tokenize everything you create a system by which you can really create master copies of tokens that as christie said are all about bragging rights it's all about saying hey i have front row seats to the kings of leon for life in my token no one else can duplicate it no one else can hold this thing that i hold and let's face it isn't that what rich people do

with their money no matter what it is it's all about having the one thing that no one else can have and now kristie to the point of this i mean obviously it kind of makes sense in digital artwork if you have that specific perk for say a band that you love like kings of leon but when you talk about just digital art of the band for instance are we going to see when it comes to n f t's as they kind of explode further it's going to be some things work like it artist portrait or whatever it might be some things don't like maybe an album. i think in part to add to it ben says i think in part it's partially bragging rights but what this entire economy is about it's about owning any piece of artwork you have a rare piece of digital art which has an investment value over time just because it's digital and proliferates online and you can view it figuring on line does not mean that the original content doesn't have scarce a value so and that 100 preserve that scarcity value whether it's an r.

or music or front row tickets and it has ballot is all that to see as well so that piece of artwork or this piece of property or these front row seats they can appreciate just like are a real world and also by opening up this channel to artists whether it's musician our digital our creators this gives greater autonomy and a fair share of the value for those creating in the digital space so our work commute resold from one buyer to the other and the original artist can also aren't of what will t. on that resell so artists are able to sign what percent of royalty they want to arm with every resell so that they can actually earn money in the secondary as mark as well which is a very big saying that currently doesn't exist in real than the real life are all art artists actually get screwed because of that with an attitude is there's actually no way cheap the artist or the musician out of his royalty because every single buyer and seller is publicly viewable and trackable so it's a really valuable tool for these independent artists to monetize their work as well as to also build a community and loyal fan base now ben as i said the things that may not work even

the b.s. actually getting in on this with companies issuing f.t.'s for clips of sports footage what's that about. so this is actually i think a british interesting use of this because what christie is saying is absolutely correct when you have an artist who's creating something right and it's for the very 1st time you can create this unique signature by using an n.f.c. to say i have the token to this this unique thing but when it comes like a sporting event right it will everyone is watching and you're all we're watching the same. what the n.b.a. is doing is they have to create scarcity so they have a company called dapper labs and dapper labs is actually taking this footage and creating an entity's around a certain moment in sports history by doing that you create scarcity by removing it by owning the license you remove it from other places so you want that final shot of michael jordan hit in the final shot against the utah jazz you could create that creates scarcity and now the n.f.c. has value boom bust co-host ben swan and christiane thank you so much for breaking

down this quite complicated scenario making it so understandable. thank you. and finally if you are concerned about what happens to the old batteries that are found in electric bike shares well this story is for you u.k. based accessory manufacturer go me is launching limited edition bluetooth speakers powered by batteries from electrical bicycles and you may have seen limes electric bikes and scooters strewn throughout major cities available for short term rental on your smartphone to help you get wherever you need to go go and we will use 50000 battery cells for more than 1000 all the bikes creating a speaker with 20 hours of life the partnership between the companies hopes to ease some concerns about sustainability of lime scooters and e-books have been criticized for their short life spans and that's it for this time you can catch

boom bust on demand on the brand new portable t.v.'s available in smartphones and tablets through google play and the apple app store by searching portable t.v. you can also be downloaded onto a model samsung smart t.v.'s and roku devices or simply check it out portable t.v. is the next time. the 21st century america is exhausted it's just tired and it doesn't have anything approaching in march but china after being on the margins for so long does have something to prove and they do have the capacity and they are putting shoulder to the wheel and they are working on. the or 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 you the person who falsely confessed actually came to believe the lie that they were told about their own behavior once a false confession the stake in the case is closed and nobody really can tell the difference between a good confession and one that is. i . don't. assume that are equal in its own

citizens only. during the vietnam war us forces are also bombs neighbor unless there was a secret war. and for years the american people did not know. how much it is officially mouth can rebound country per capita. human history millions of unexploded bombs still in danger lives in this small agricultural country jordyn wieber went on to another topic. even today kids in laos full victims of bombs dropped decades ago is the us making amends for the tragedy in laos what helped to

the people need in that little land on. the headlines in r.t. view slovak prime minister rejects calls not to use russia's vaccines the country's vaccination campaign gets bogged down by politics also u.k. medical workers after the government offers them a pay rise of just one percent and a dream holiday that turned into a night we talked to a passenger of an italian cruise ship that suffered a covert outbreak resulting in the deaths of 3 people. that they refused to inform us that there were traces of covert aboard the ship the day it tested positive there was no suspicion but indeed people they've refused to give us information.