dramatic infection is the same technology is used for the vaccine from a journo which is more than 94 percent in fact it that you shot a drug developed in the u.s. has shown some promise against the u.k. variant but was found to be more than 12 times less effective against a mutation found in south africa the 1st use the tried and tested a dino virus method and the 1st to register a covert $1000.00 vaccine was russia with the sputnik v. authorized by nearly 50 countries the drug has been shown to be nearly 92 percent effective and its latest partnership aims to make sputnik be available in europe a similar method was used by u.s. company johnson and johnson however the single shot drug was found to be just 66 percent effective and was only recently approved for emergency use by the f.d.a. and w.h.o. astra zeneca also use the virus method for its vaccine but it was shown to be just 62 percent effective the u.k.

based drug has also been suspended by nearly a dozen countries in europe and asia after patients reported blood clots days after receiving the vaccine china's corona vacuous is inactivated particles of the virus to expose the immune system without risking a serious disease response its level of effectiveness has varied showing around 50 percent in brazil but over 91 percent in turkey the drug has been authorized by 15 countries and india's kovacs and uses the same method the latest studies show it is 81 percent effective with no light threatening side effects so far it has been authorized only in india iran and zimbabwe. markets were up this week as a success of the $1.00 trillion dollars stimulus package in the us next with the continued vaccine rollout. worldwide we started in russia where the mo x.

is up sitting at record highs the ruble weakened against the dollar on friday after hitting 3 week highs as oil prices fell slightly after hitting 10 month china's shanghai composite is in the red falling nearly 2 percent on monday amid concerns over rising bond yields however the index was able to gain some of those losses back by the end of the week in hong kong a similar picture the hong saying is down 1.2 percent for the week a growing number of coated 1000 cases is also causing concern in japan the nikkei is in the green closing out friday up 2 percent technology and energy stocks rebounded from recent losses however there was quite a bit of selling in the real estate and financial sectors moving over to india now where the sun sex's up for the week despite losing nearly one percent on friday reacting to u.s. bond yields and a rise in coated cases despite recently falling into

a recession the o.e.c.d. believes india will be the world's fastest growing economy this year projecting a 12.6 percent expansion then australia sexes up after losses earlier in the week the 2 largest mining companies in the region saw gains has do the travel industry in response to the news of a nearly $1000000000.00 stimulus package they all share in south africa is in the red for the week while the index hit record highs on thursday as the mining sector did well on hopes of a global recovery it took losses on friday following the announcement of the country's economy contract by 7 percent in 2020 and london we have a green arrow for the footsie the country's economy contract by 2.9 percent in january from the month prior but it was a less than initially anticipated luxury brand burberry saw gains of as much as 10 percent friday after announcing business was up 30 percent in december. or the

french khaki and german dax were also in the green the ease approval of the johnson and johnson vaccine helped markets as did the european central bank's announcement that it would bolster its bond buying efforts as borrowing costs throughout the block rise we have another green arrow for the best but in brazil this despite a worsening coburg crisis in the nation the reality rose 2 percent to close out the week after inflation data came in above 6 5 percent for february for the 1st time in 4 years and mexico the b.m.v. is up this week the pace that however fell slightly ahead of the next meeting of the country's central bank mexico's deputy finance minister said officials are hoping 80000000 residents would be vaccinated by the end of july and here in the united states we have 3 more green arrows but dow and s. and p. both hit records as president biden signed that long awaited stimulus package while the tech heavy nasdaq recovered from someone from the recent tech sell off u.s.

biotech firm novak's shares jumped more than 15 percent prior to market opened after studies show there copa vaccine is highly effective and finally in canada the toronto stock exchange is up this week hitting new record highs benefiting from rising energy prices and the easing inflation concerns heading into the next week we will keep an eye on the vaccine rollout worldwide as well as inflation and bond yields here in the united states and that is your global market walk. a proposed bill in the u.s. congress is attempting to create a working group to figure out how to set guidelines for crypto according to the lawmakers and volved the ultimate goal of the legislation called be eliminate barriers to innovation act of 2021. what b.

to clarify when he asked the sea has jurisdiction over a particular token or crypto currency so joining me now to go further on the topic are boom us co-host bents ron christie i bang on start with you here what specifically is this bill attempting to clarify. well there's a lot that needs to be clarified with it i'd say the number one thing is sure to me to clarify is when a token is considered a security and when it's considered a currency to right now the f.c.c. doesn't have very clear guidelines about this at all in fact one of the problems that we've seen over the last couple of years you'll have a token that's created and then the f.c.c. at the time that it's created won't be sure exactly what it is the way to couple of years money is raised i c o's take place that's an initial coin offering or in some rare cases we've had things called s t o securities tokens offerings that take place people buy in and then the f.c.c. comes like a couple years later and says actually that was all illegal you weren't supposed to do that that's happened with multiple projects in the past so one of the problems is if you are creating

a token if you're attempting to do this you don't really know exactly what the f.c.c. once from you upfront nor do you know what they want from you on the back end and every change and that's been hugely problematic the question will be whether or not this particular attempt brings clarification or does it simply become a tool for cracking down on crypto that certain people in government don't like we don't know the answer to that but if it truly is an attempt to make things more clear that it would be a good thing because clarity is badly needed and there's almost a catch 22 for those who are involved in those projects because you want to blow up you want to become popular but then at the same time you don't want to become so popular that it garners the attention of the as they say and then they go after you as a result now kristie with this bill help or hurt the growth of the crypto industry . well while there are some advocates that insist more regulation is a good thing for the industry and the pants away from and humid auction i think it's dangerous here as it will only end stifling innovation and putting digital

currencies as a disadvantage beyond which apparently seems to be the goal because central banks are determined to protect the power i mean the us has a story we've been very tough with this crypto regulation when it stopped libor of the ford even got off the ground for fear that it would undermine the dollar and quote threaten the global economy and so far the u.s. has accustomed to being at the forefront of technology stifling innovation will see more of the bible and talent leaving that choice or market the family havens like switzerland multitude ham so it would only put the us further behind technologically making the coming lose out of billions of dollars so the build up and just broke out unions to be opened seems like it was going to help define and provide clarity in caught by what our tokens will be security or commodity so it doesn't seem like there's too much regulation around it but there is because let's not forget we're still talking about startups here most of these ideas and projects that launch don't have huge amount of funding they launch ideas in order to get

funding they're not backed by a big deal with teams of lawyers to help them navigate through the complexity of classifications or securities or modify their merrily trying to get enough funding to get and b.p. and get their project off the ground so why do you think that financial products and in fact are one of the most difficult bases for startups to enter because a very high barriers of entry set by u.s. financial regulators around me and tech products that only been a handful of successful and tech startups and all of them require massive legal expenses in order to satisfy regulars there has been no other sectors that have had as many hoops to jump through as financial startups like robin hood or ben the financial space is the most regulated industry already and that type of innovation so if you're requiring some little tiny startups to say have the legal bill to deal with something as heavy as a car. as a vacation to satisfy regulators and that's why it's dollars wasted on what could have been used for r. and d. and deployment so most studies chris don't start of don't have spare cash to burn

like that so now this bill an additional regulation that will only start to hurt the industry well that's an excellent point there and something about that yeah sure i had. to christie's point and i think she's a she's spot on what she's saying keep in mind that the point of an ice c.e.o. this initial point offering concept was literally created to get around exactly that barrier to entry that she's describing yeah absolutely when it comes to the tech space it's very difficult and the reality is. if you look at them aside from that listen there are some that are absolutely scams but if you look at the ones that have actually proven to be successful in terms of actually creating new technology they have been so far and could certainly be the most disruptive force to the tech space that we have seen even in certainly in the last 10 years i mean this is where innovation is coming from and i think there is definitely an effort to cycle so certainly and there are some things that congress could reviewing but this bill may not be the right thing especially when you're talking about the

startups that may have a great incredible ideas that actually draw support and popularity but getting those off the ground is what it's all about at the end of the day now ben back to you talking about bitcoin it's proving its flexibility as an investment rising along with tac and social media stocks when those securities are rallying and still managing it out gains when traditional market investors suddenly go cold on the technology train how is that coin do it a miss. yeah well we have seen big going on right alongside those stocks and listen christie is a big proponent of big coin as a hedge against inflation as a store of value asset i totally agree with her on that point no question about it i do think there is a piece to this though that is has been ignored by her but just in general ignored and that is the bit in big big calling we focus so much on the currency side we focus so much on the idea that because it is going to challenge that banking system

or challenge financial systems or be a store of value but the bit gets ignored and i think there is something else you're and this goes back to what we were just talking about that there is a real innovation that is taking place right now far beyond just the issue of currency and store of value to absolutely disrupting technology and technological marketplaces that is happening right now in association with the bit and really in that the centralized crypto space they are there is so much power there even even the idea of computational power coming from because it is a very powerful idea so that may be a bit in the future but i think that is the big threat in silicon valley and they know it. they are to give you a chance to respond and i'd say how do you see it going i mean where do you see it being a threat all around. it's going to be huge but because ben says that it's basically the technology behind that coin is the fact that the decentralized platforms

they're going to be the biggest competitors to players like ben mellon like pay pal like square who want to hold all the power because that's what it is declining at all they're all point their peer to peer currency yes but they're the centralized if your currency which means that there's no centralized and the like a paper that tells you who you can or cannot send your money to how much you can or cannot withdraw because at the end of the day paper out where then most all of these other centralized asked that they hold your currency and like any other big central bank you don't get to dictate when you can or cannot withdraw your money and so if the situation war to arise where there is some sort of liquidity crunch paper out got hacked you try to withdraw your pay pal and that's not going to happen and that is a big part that bitcoin and all the other all coin that is one of the main reasons why they run silicon valley so much because the decentralized to it and that also extend to the entire d 5 platform that we've been talking about that includes the file lending yield farming all of those other asked that that drive on that network great insight as

always brant strawn christie i thank you both for your time and analysis. thank you . time now for a quick break but when we come back we're going to sit down with the c.e.o. of the company that is transforming the music rights marketplace can letting fans in on the action also as we go to break here are the numbers out there quote. the 2021 variant of the housing crisis is to pump money into the economy so that all the assets held on the balance sheet of warren buffett and other banks go up in value and people that lost a lot of wealth in 2008 really people of color are now getting raked over the coals

again through this inflationary past their assets. stand. for goods that are of more trouble than they are rather you know across a broad swath of the america of. a 1000000 and that can put a man in the news. and keep an. eye and flew to china for a trifle not that i'm. living. with i hate. doing.

it because it's whole. john you say you didn't pay i think time in theory has said the truth is she ought to give a. model for that in africa will fuck around mr hates it for jim and then i hope that our freddie macor. the money. l. look forward to talking to you all that technology should work for people. i really must obey the orders given by human beings except where such orders would conflict with the 1st law show your identification for should be very careful about official intelligence and the point obesity is to create trusts everyone of them shia. conflict on various jobs and with artificial intelligence will summon the demon.

must protect its own existence as a mixer. is your media a reflection of reality. in a world transformed. what will make you feel safe from. isolation or community. are you going the right way or are you being led to some. direction. what is true wants his faith. in the world corrupted you need to descend. to join us in the depths. aura maybe in the shallowness.

so you've heard about crowdsourcing and you've heard about anon fundable tokens but

how do these technologies apply when it comes to the music industry while the latest trend could just be combining the 2 and a partnership that gives fans exclusive access to their favorite artist so you know the guy is steve stewart co-founder and c.e.o. of vest steve i really appreciate you taking the time to join us today i know your company has been called the stock market of music so how does that work and how is it attracting fans to invest. well the media really call this that it works really simply it's a mobile app on i was 300 you can download the app it's a simple as putting in a credit card you can scroll through our offerings we call i.s.o.'s initial song offerings and fans are able to put in as little as 5 dollars against the royalty income of a particular song so it works really well we've seen interest building a lot recently i think people sort of recognize that music is an uncool related asset class that a lot of bigger players been playing in this harm for a long time you get used like universal b.m.g.

sony they've got millions and millions of songs in their catalog and i think the general public has been building in demand to participate they never had a chance before so really the 1st opportunity let someone come in and participate right alongside the artists that wrote sees yeah it's really interesting to think about just how many artists can be a part of this ranging from those who have a massive following to those who may just be starting out i know you talk about those who are more a stablished and how it would be easier for them to crowd source their work but how does this work for those up and coming artists who are still trying to establish a following. so we were both independent artists and established short as we had an artist in julian extra one of our 1st people on the platform he had a very small stand base about $3000.00 facebook fans and he was able to take i think 9 or $10000.00 in earnings from royalties on the platform early from his fans because he engaged in really what it's about as engaged with he was able to go to those 3000 bands and have them participate to the point where you could quit

driving list and actually focus is just a career full time something that he couldn't do before and i think you'd rather have 10000 fans were engaged rhesus a 1000000 fans that you know maybe didn't know who you were didn't really participate in the things you were doing so it's more about engagement but we were both that independent and we drove this yeah that's an excellent point and it is interesting to say we're kind of in the rise of the influencer space right where you want to follow people on instagram and twitter he really relate to you and i guess that is the same when it comes to artist and with the music you listen to you really want to get that connection with the person you're listening to who wrote that song instead of just passively listening to it now when it comes to f t's we know that block chain technology plays a big role and ensuring the exclusive video of products how does it play a role in your business model for artists and for their work. manatees are the talk of the town right now i said maybe siva phone calls even this morning just discussing this in the industry is just buzzing with it but for us we touch it very

lightly recently lost or have to half years ago we know that it's still a nascent technology. we need to use it as a way of digital leisure basically it's a transactional platform that allows us to show every sale every participation point is loaded on the blog chain so it's transparent and you can see and it's and mutable i think there's a lot of people that are trying to tokenize everything all the time and that doesn't really work when you're playing with global players like sony and universal warner brothers there are only accepting fiar currency this point so we're playing within the realm of now but we're looking for do we know the bludging is really going to be with things or when it comes to rights management and the way to participate yeah that's fascinating because you're including the law campaign along with crowdsourcing and giving this new platform and so it's likely to get people to at least check it out just to see what's going on and what it's all about now one of the perks you offer is that fans have the ability to earn world sees on music they invest it but i want to know how does the music streaming industry play into

this when royalties may be only a fraction of a penny per song on say spotify. i mean streaming is only a fraction of the royalty cool right you're getting rotis on a global basis from radio play from downloads from visible purchases believe it or not certain markets like japan people are still buying c.d.'s and vinyl also when it's played in a restaurant or bar a club or a public venue those venues are paying a licensing fee to in the us it's ask him to b.m.i. overseas it's different collecting societies in different countries but that is the overall cool who will teach the streaming as it is you're exactly correct it's paying very very slow fractions right now i think that's also going to increase as you get more participation with streaming in 2nd there will countries where it doesn't exist right now right we take it for granted here in the u.s. and so in the european countries reach they go you press a button the music comes on but in certain markets like even south korea spotify is just launched there which is a huge market with cheap pop so i think as you see more and more people come into

streaming the rates themselves will go up there's been a lot of governmental pushes to get those rates increased to the artists and there's also these other types of streaming into marathi income coming from piero performing rights again like restaurants bars clubs radio movie trailers any other city licensing opportunity says streaming just a piece of that and that's fascinating to see i mean you're in a market where things can't be growing and changing every single day and it's interesting because we've heard about artists talk a lot about lately as importance of owning their own music you know they don't just want to sign off on that contract with the big record label and then not own the rights to it instead they're talking about the importance of ownership for those words that they write do you think that we are seeing a shift away from just signing those contracts with big name labels that could end up redefining the music industry as we know it. 100 percent that's been happening a lot lately but you're going to see a seismic shift in the industry and the ownership is the key right and with

a platform like less we have a version so the rights aren't is gone forever but i'm you're seeing even a major label deals now there's typically a 10 year or version of a master right so these rights will revert to the artist every time but as additional forms come up as and if he's get more popular and there's a way to have that direct artist a fan connection just something i think missing from the music business you've got all these intermediaries in the middle but once you start to root that have that direct fan participation where the real passion is there fans are paying $300.00 for a ticket $60.00 for a t. shirt they're the ones that really are going to bring a retail value to the music rights we haven't seen it yet to start to happen but i think labels and publishers would have to adjust their models to account for this type of direct marketing i mean with social media and distribution platforms being pretty much free to artists creatives they can go direct and if you can engage that fan base you can make more money than you would if you signed to a major label acts on point to consider hair stand stewart thank you so much for

your time and insight. ritual prescience that's all for now you can catch boom bust on demand by downloading the portable t.v. out for your apple or android device wealthier next time and as always don't forget to question more. some can fall from middle class to homeless overnight most of our very hard working people who want to get ahead that have either have some some health issues or have some of those trick about luck the whole time julep won't always pay for a place to live and missing just a month's rent can get you a victim to gunpoint if anything bad happens to any thing that just throws your budget off slightly. you better catch up real quick or you're going to have a judgment of possession against you and get addicted anyone that's homeless is treated like garbage people look at you like

a monster or someone bad or you chose to be there most of the time it's not the case see how it is to be paul in the world's richest country. one of the worst mass shootings in america was in less vigorous in 2017 the tragedy exposed a little of the real last vegas where many say elected officials are controlled by could see you know the dangers shooting reveal where d l g m p d really is and now it's part of the standard sheen as to the american public barely remembers that it happened but just shows you the power of money in las vegas the powerful showed that true colors when the pandemic hit the most contagious contagion that we've seen in decades and then you have a mayor who doesn't care so here's caroline goodman offering the lives of the vegas residents to the control group to the shiny. deep indifference to the people

that have been saved if they were to take an action absolutely keep the roads. the slot machines doing in vegas is a money machine it's a huge cash register that is ran by people who don't care about people's lives being watched. the world is driven by a dream shaped by. the day or thinks. we dare to ask.

this is crude oil. so they need to actually physically pump it out of the ground you would have well well well well well. there's a lot of money with the oil and with that comes. a lot of a lot of people from all over the country. if you don't make a $100000.00 a year. as a minimum there's an issue. here maybe. they were all 16 hours a day hard work for the workers not used to work and so they want to relieve their stress of how do they relieve the stress these men move back out like these men that comfort these many. people have been murdered up here people been raped there are massive drug issues up here you have a boom you have everything else that comes along with money.

the headline. medical experts are divided. criminally charged for inventing is. giving it to volunteer. there are certain procedures that we normally follow when developing drugs and vaccines those procedures were not followed he was just. taking in. long lines outside of london food as many families are still struggling to feed themselves amid the ongoing. for the 1st new generation of 5 g.

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