away to uni at an amazon facility a 1st in the united states packed show today. and we lead the program with while away the chinese telecom giant which has been at the center of the tech battle between the world's 2 largest economies and now say its like a profit growth in 2020 despite being placed on a u.s. export blacklist while the company's foreign sales were down domestic business spurred positive growth. the crackdown from the us has brought a direct impact on us particularly in our consumer business. in such a crackdown and that's a lesson here is that chinese market contributed over 65 percent of the revenues we had an excellent performance in the chinese market in the carriers that is this. business and the consumer business if you will me from in the. first of all thanks for chinese market to remain strong and secondly we predict that after the pandemic is brought under control the global demand will get back to the rising trend so we

also have an optimistic expectation for the markets outside of china. and so you a quick look at some of these numbers net profit for awhile way in 2020 came in at nearly $10000000000.00 up 3.2 percent compared to growth of 5.6 percent for the year prior revenue in china shot up 15.4 percent while the company's carrier business including 5 g. equipment which has been at the center of controversy grew by just point 0.2 percent from 29 teams so from all of that let's bring in blue bus co-host christine and john is the dean of the miami herbert business school thank you both for being here christy i want to start with you it seems like this is actually years long campaign against weiwei is finally paying off as the u.s. sanctions hammered at its business and sales outside of china how is one way of coping with this. well last year was probably one of the most challenging years for the company with operations feeling the full impact of washington's earlier

decision to add holly to the entities list so that restricted its ability to buy hardware software and services from american suppliers were down direct from the u.s. government so although early on fall i had stockpiled enough chips in the firefights enterprise business that was only a temporary fix while it was 500 and suffered the most out of all the states the segments with the company showing signs of difficulty sourcing the advanced chips needed to run its handsets due to export restrictions so holly has noted that the irish has severely limited its capabilities and they're still trying to work around it and in terms of the global smartphone rankings it was the 1st time in 16 years that hallway failed to make the top 5 coming in at 6 place sales growth of its core business of its telecom and restructure also stalled as well but fortunately they were able to make up for some of the losses with increases in income hardware and software services as it were quickly to develop an ecosystem of digital products and apps and beyond with the smart so they had p.c.'s tablets wearables and they

were able to offset some of the losses but the odds are that they will still face ongoing supply chain risk and intense competition by members like the new. so right now and our order to further diversify is businesses. more money into r. and b. and investment services ai and chip development to position itself to move into a new growth market such as smart move in the future and no dean quotes the us f.c.c. commissioner is actually calling for a new steps on chinese network wittman aka while weigh in z t to ensure that it is barred from u.s. telecommunications networks to essentially close out a loophole for carriers now do you see this is an actual threat or is it just more politics and really have we seen lasting damage to its 5 g. business as we just talked about they only saw a point 2 percent growth. in the u.s. under president trump attempted to slow down 5 g. progress for wall way really facilitating catch up by carriers sort of being

outgunned by r. and d. initiated by wall way and i think what we've seen in the numbers that christie has reported is that that effort has begun to bite in the sense that year on year sales in the u.s. or the americas i should say we're down 25 percent and down 12 percent in europe middle east africa now the politics that you refer to is coming into play here you're referring to an initiative by a republican appointee brendan carr who's an have c.c. commission to close a loophole as he sees it in the regulations that permitted carriers to potentially continue to buy huawei and c.t.e. equipment if they were using private funds and the effort here is to close that particular loophole i think what we're seeing frankly brant is f.c.c.

commissioners jockeying for position at the moment on the f.c.c. to. the who has the biggest bite when it comes to china policy and now doing quotes as part of their business model they've also started to work on licensing patented technology in the 5 g. sector is that helping out their business as well when they're losing the actual sales of the equipment. yes it is and i expect to see more initiatives of that nature look i mean i think christie has pointed out well. while way is a very very strong company it's a very versatile company it's a very important flag carrier company for china and there is a tremendous amount of resource that's going to be put into ensuring that wall way continues to succeed and notwithstanding the u.s.

and allied efforts to counter these activities you know they're going to make every effort that they can to continue to do well and it's going to be a tussle you know kristie i want to kind of switch gears just a little bit to a more general economic outlook here there's concern that china's economy and that the big concern may be coming from the united states might take a are over take the u.s. by 2028 what do you make of that actual assessment. i think here in the u.s. we talked about having a little v. shaped recovery for some time now but i hear it really hasn't materialized china on the other hand we found it quite strong after cold and it's rapidly catching up to the u.s. so it's literally the only major economy to have expanded in 2020 while the rest of the world was experiencing contractions not seen since the great depression so china had increased its share of global output and now more analysts are saying that the economy will likely become the world's biggest as early as even 2026 depending on the strength of its currency against the u.s.

dollar and this is no fluke either china's performance during the coronavirus can make is actually the earth time in many decades that it has a. stronger than others from a global crisis controls on capital meant it was barely dented by the asian financial crisis in the late 1990 s. and emerging from the 2011 financial crisis it was the driver of the growth of what the world so this is of course making washington very nervous and biden has vowed that he won't let china overtake the u.s. by promising more spending on innovation and infrastructure to boost the american economy but in the same vein he's also doubling down on measures such as cutting trying to access to key technologies as chips and trying to limit china's influence by creating a geo political bloc so china isn't sitting back either it's piling major investments and spending into areas like ai io tech green energy and that will be the technology wave of the future and the trend in momentum right now is behind china so the global picture global fire $500.00 is now more chinese than america and last year china attracted more foreign investment dollars than the u.s.

for the very 1st time and now doing quote i have about 45 seconds for you here but what do you make of this assertion is there any way the u.s. can stop this from happening by 2028. i'm not sure that 2028 is necessarily going to be the year that's going to be questioned but eventually the. eventually this is going to happen and you know it's going to happen without i think as much fanfare as one might imagine obviously the u.s. should use the opportunity that the. likelihood of this happening presents to double down on r. and d. and that is what of course the buying that ministration is doing as well as attempting to slow down the speed with which china can access american markets and allied markets as well boom bust co-host christiane dean john quote of the

miami her business school thank you both so much for that analysis. and chinese phone maker shalmi announced tuesday it is planning on getting into the electrical electric vehicle business with a 10000000000 dollar investment over the next 10 years now the world's 3rd largest phone maker says it will set up a all the own subsidiary with an initial investment of $1500000000.00 to start the venture hundreds of companies within china and abroad have recently made efforts to sell evey's in the lucrative market and added an event in beijing to say the chinese tech companies c.e.o. said he is aware of the money mental endeavor of moving into the sector saying quote we have a deep pocket for this project i'm fully aware of the risk that the car making industry i'm also aware the project will take at least 3 to 5 years with tens of billions of investment. and pfizer biotech have released data regarding recent

trials of their coping 1000 vaccines on children's aged 12 to 15 years old now but 2 pharma companies have are ahead of nearly every other vaccine developer when it comes to this age group are to correspondence i attempted joins us with more. brands so while numerous covered $1000.00 vaccines are now being administered globally none have yet been approved for children under the age of 60 and i should say all the kids out journal are a low risk for call the 19 complications still more than 14000 children just here in the u.s. have been hospitalized with the virus and almost 268 have died which is why this announcement from pfizer is so significant because this paves the way for children as young as 12 to be vaccinated now if the findings if they hold out there may well speed a return to of normalcy for a 1000000 families as more than a bill in the end children across the globe are still affected by school

a closer's and keep in mind when school shut down more children are recruited in militias they're sexually exploited are for. into child marriage and child labor which the world bank estimates that this generation of children not attending school will lose 10 trillion dollars in earnings over time and the pending on record tory approval vaccinations could begin before the start of the next academic year for scoble middle school and high school students and for elementary school children not long after not pfizer and its german partner by you and in the coming weeks plan to as the u.s. . for immediate emergency approval on a trilogy on children now meanwhile vaccination for $4.00 are also fast tracking throughout the u.s. but about $2770000.00 doses predate on average and as of tuesday 30 percent of adults have received at least one dose of the cold in 1000

vaccine while 16 percent have been fully vaccinated and now want to compare the us with some other countries around the world how they're doing in terms of vaccination right now the u.k. stands 2nd 5.65 fully vaccinated and then followed by the e.u. where a little less than 5 percent have been fully vaccinated now russia they're almost 5 percent fully vaccinated and then the numbers go really down after that south america only stands at 2 percent while both in asia and india less than one percent are currently vaccinated brant you know so there's actually some new developments with russia's putin feedback see it as well you talk about that. yes actually so russia has just announced that they came up with the world's 1st pope in 1000 vaccine for animals it is not sputnik the it has a different name which they're working on right now and while pets like dogs and cats are the 1st for many it's actually the agriculture industry that this vaccine

will be most significant for you know if you recall last year denmark. about 17000000 makes over concerns that animals were spreading the mutated form of the current a virus and now several outbreaks have torn through other herd of animals throughout the world and in some cases john back into the human population where a very dangerous enemy taishan can more or merge so safeguarding atom or population could have a very long term benefit in controlling cloven 1000 and preventing the indras new mutations new variants from emerging and protecting also the livelihood of farmers or we're talking about billions of dollars at stake here and so brand this vaccine is expected to go into mass production as early as april r t correspondent sites ever tell you so much for keeping us up to date. and time now for a quick break but when we come back the fight for infrastructure is shaping up to

be the buy ministrations next that major move will be able i believe proposal and what it means for the economy as we go to break here the numbers of close. so we've got to do is identify the threats that we have it's crazy from day shouldn't let it be an arms race is also a spear in dramatic development only. i don't see how that strategy will be successful very critical time to sit down.

in the 1920 s. and thirty's several 100 african-americans moved to the soviet union and many of us . still live in russia. looking at the risk of long no rush but us throw up at our stuff yes we've got troops for ways to cool things on us at the dock national scott back home black american suffered from racism and a complete lack of prospects. is acting up a smug real lybia losing his show one by else a store on the by do it to suit the new so they decided to leave everything behind and start a new life in a country about which they knew almost nothing at all some of the rear troops who were through review are new in the united to security foundry crowd. who lulay of golf you know gone to the oakland news and now almost a 100 years later the history is repeating itself my great grandfather george time

we went to russia. on probable worst crime to go anywhere why not me. when i come here. when i'll show it's seemed wrong what i'll call just don't call. me at all but yet to shape out of disdain because as a kid and in gains from an equals betrayal. when so many find themselves worlds apart. she still looks for common ground. problem drugs has come from unscrupulous dealers from pharmacies to in every state in the united states we've seen very sharp increase in the number of people seeking

treatment for addiction to prescription opioids invented america under the banner of medicine persisted with the pain but instead of trying to wean him off though she just goes at their dose after dose if you know and really became his drug dealer who's to blame patients manufacturers. welcome back it will be one of the largest tax hikes in u.s. history as president joe biden is announcing a plan to rebuild u.s. infrastructure to reshape the economy now the 2 trillion dollars price tag would translate into 20000 miles of rebuilt road repairs to the 10 most economically

important bridges in the country the elimination of lead pipes and service pipes but the nation's water supply and a long list of other projects intended to create millions of jobs in the short term and strengthen american competitiveness in the long run joining us now to break this down boom bust co-host an investigative journalist ben swan now ben obviously a plan like this it's massive let's start with the issue of the taxes what kind of increase are we actually talking about here. yes so essentially this is kind of rolled out over a long period it's not going to happen immediately but the idea here is to propose increasing the corporate tax rate back to 28 percent to the level that it was at prior to the trump tax cuts that took place in what 2017th so they want to go back to the 28 percent tax rate they also want to increase the minimum tax on u.s. corporations to 21 percent so it would be a sizeable tax increase for corporations but really only sizable back to preach

from the ministration levels on huge in that respect i think the one thing that's missing though out of this is how are you really going after those big multinational corporations that invade paying taxes we've heard criticisms of them for a long time brant talking about apple and amazon facebook companies that put their their headquarters overseas in places like ireland and they don't pay us federal tax here in the united states so there doesn't seem to be a plan for it necessarily how to extract from those groups it just raises the tax on and corporations that continue to be here in the u.s. and that's something actually the strangely the obama administration the trump administration agreed on was trying to saying that these guys had to pay taxes unfortunately neither administration was able to do anything and as you said at least in this package it doesn't appear that the biden administration is either now on the issue of infrastructure what are we looking at in terms of size and scope of this plan. yes it's pretty significant so this is called the american jobs plan it

would allocate $621000000000.00 to transportation infrastructure and resilience including construction of roads and bridges we're talking about rail service transit rail service we're talking about federal funds for improvements to all kinds of infrastructure projects 10 of the most used bridges in the country would get overhauls 10000 smaller bridges that are important issues would be repaired 20000 miles of road 'd in total would be repaired so it is to you know say it's a massive infrastructure bill probably isn't doing it justice right this is probably the largest. dedication of u.s. funds towards infrastructure really since we're talking about what the world war 2 era and the great depression era where we saw the u.s. interstate system built this is probably on par with that in terms of the size and scope of it is it is very significant and do we have any timeline on the actual rollout of this how many years are we looking at this taking place yeah it was it's

not going to be fast as these things typically go as administrations like to do things 8 years funny how that works right and so if it's going to take the whole 8 years you've got to give me 8 years to do it we saw this happen a lot of the jump in this ration as well where our projects obviously are are spread out over a period of time that's not to say it's all political obviously we're talking about this kind of a massive program 8 years is probably hopeful it's unlikely you get that much done in 8 years but that's the plan right now well hopefully you don't hit the road one summer and they try to do it all at the same time boom bust co-host ben swan thanks so much for breaking that all doubt. it workers at an amazon warehouse facility mail a bama have voted on whether or not to unionize now the votes are still being counted but a win for the labor union in the southern state could have big implications across the country legal analyst molly barrows contributor with american lawyers here now with more on what's at stake molly what do you know supporters actually hope to

accomplish at this a passivity well obviously the union the retail wholesale and department store union brant says if these workers will just join them they're going to push for better working conditions better pay more respect and if they succeed this will actually be the 1st amazon workplace to actually unionize so that's a big deal as you know supporters and amazon know what's at stake amazon employees gosh almost a 1000000 people form part time just in america alone and much more if you count worldwide so if this passes in alabama other facilities obviously could be considering doing the same thing that's why you've seen so much press reporting about it on both sides they've been pushing their p.r. message to sway the 6000 or so workers at this warehouse in bessemer alabama and amazon of course arguing against any allegations that their workers aren't getting the benefits that they deserve they say that they get twice the minimum wage along with health insurance benefits but you know it's interesting this voting process

it's already been done but the counting is taking a while so it could be like days or even weeks before we know the outcome but there's definitely a lot at stake in this kind of complaints about conditions and pay are nothing new for amazon how widespread are these allegations at this point. you know i did not realize i had been sort of following the story but today i sort of dug into it a little bit more and over the last year especially dozens of complaints like 3637 have been filed against amazon at the national labor relations board and they're coming from some 20 different cities that different amazon facilities and they're not just about low pay or poor working conditions it's also about respect and also when a few workers did organize whether it was a walkout or some sort of protest against amazon for these these conditions or this treatment then they say they were retaliated against in a variety of ways so some of those complaints address those issues as well and you know the national labor board has found some merit to them so this of course coming on the heels of a record year for amazon we were all stuck at home i don't know about you but i did

some online shopping i certainly did some online ordering you know because of the coronavirus so 84 percent i think their profits went up and they don't want to see a union come in and undermine that so it'll be interesting to see especially i think the workers felt like they weren't necessarily getting the benefit of all that extra money and work as well and it's interesting because i saw on screen there we were showing bernie sanders talking to some workers there the senator from vermont who ran for president as well obviously a big supporter of organized labor but many of the points he's been making about this is look jeff bezos is the richest man or one of the richest men in the world this company as you said their profits are up what over 80 percent you know why are you so against taking care of these workers now if the vote if they do vote in favor of you know even if they don't what's the impact is going to have on other companies facilities. or the company's other well they certainly can see the impact that they get no i totally understand it as well they certainly can get understand the impact that it's going to have i mean if it does start a wave of other facilities trying to get organized and join

a union and certainly bernie was the target of the p.r. campaign we kind of mentioned a little while ago beezus was in the hot seat for encouraging them to go on the offensive go on the attack against politicians like bernie and even biden who support unions because they don't want to cut into profits they feel like that they can negotiate with them employees on their own you know and and then you know i was just talking to one of the guys in the back row former way to come on you know our unions even effective are they really even the future you know 2021 and there's a lot of debate about that there are some that think that they don't necessarily have the negotiating power they once did but they also have social movement power so that's where some of their you know power could come in but anyway a lot riding on this particular valid it'll be a shame to see how it turns out there was a murder where will people in the story will have you back thanks so much for the update. thanks fran. and finally it's that time of year when you need to be wary of stories that you seem too good to be true that's right april 1st is

april fool's day and what was once a time for practical jokes on friends and family has become more widespread with companies and brands getting in on the action and one multinational company may have jumped the gun this year on monday reports started to surface that german automaker volkswagen plan to change the name of u.s. operations to volkswagen of america that's the key for the k. to push their efforts into electric vehicles on tuesday morning officials with the company could firm the news and many major publications the networks ran with it apparently investors thought it was a pretty good idea as well as the company's stock even solid jolt amid the stunt but in the end the company finally admitted it was just a premature april fool's joke intended to highlight the launch of the new all electric before s.u.v. so for the next 24 to 48 hours remember if it sounds too good to be true or even too crazy to believe probably is and that's it for this time you can catch boom bust on demand on the brand new portable t.v. after bailed on smartphones and tablets google play in the apple app store by

searching portable t.v. you can also be downloaded on newer model samsung smart t.v.'s as well as roku devices simply check it out a portable t.v. so the next time. an entire village in alaska. is another country to run the white in america. we do everything in our power to protect the. water the. climate change this is the same threat right. some of the fuss just coastal erosion. 30 feet. 35 feet of ground in just about 3 months while we were measuring. it is fast and that means the river is $35.00 closer to the power

than one and it was the year of the war i think were part of a murder 1st for. worse. in the 1920 s. and thirty's several 100 african-americans moved to the soviet union and many of their descendants still live in russia. again at the risk of a long no rush for us though up our stuff yes it got worse are going things in your bios at the national scale back home like american suffered from racism and a complete lack of prospects. is i cannot possible the real lybia losing show one by else a store on the by doing. so they decided to leave everything behind and start a new life in a country about which they knew almost nothing at all some of grier afterward who

earlier through virginia in the united. around great crowd. moulay a golf you know prone to the oakland you. know almost a 100 years later the history is repeating itself my great grandfather george time went to russia. on probable worst crime to go anywhere why not me. when i come here. so what we've got to do is identify the threats that we have it's crazy isn't foundation let it be an arms race is all off and spearing dramatic development the only place really i'm going to resist i don't see how that's. will be successful very. time to sit down and talk.

this it. should be. every stage of this. that we could have we made mistakes this is true. mission of failures in the handling of the covert crisis by the french president as the country's death toll approaches 100002 impose a 3rd national law. also ahead of a nursing exodus in the united kingdom as a poll reveals one in 4 n.h.s. workers is more likely to quit now than they were in 2020 with many citing exhaustion from the pandemic we speak to one partition. the wages have.