the one business show you can't afford to miss in washington. the united states has called for a pause in the use of the just a. blood clotting issue we'll have the latest plus. another record high ahead of the coin base i.p.o. this week we have a panel of experts on hand to discuss the future of the world's most popular cryptocurrency and later new data shows u.s. consumer prices increased in march as inflation remains in focus back show today.

and we lead the program here in the united states as the centers for conceit disease control and prevention and food and drug administration have called for a pause in the use of johnson and johnson's one dose coben 1000 bag seen now officials from both organizations held a joint media called tuesday morning to discuss the situation there had been 6 reports of a severe stroke like illness linked to low platelet count. and more than 6000000 doses of the james j. that have been administered so. very rare we're recommending a pause in the use of the j. and j. covert 19 vaccine in order to prepare the health care system to recognize and treat patients the crew quickly and to report to be the best they need to be seen in people who receive the change in vaccine. for their part johnson and johnson

released a statement the same morning saying they are aware of the clotting issues and promising quote the safety and well being of people who use our products is our number one priority adding we have been working closely with medical experts and health authorities and we strongly support the open communication of this information to health care professionals and the public johnson and johnson also said it will proactively delay the rollout of the vaccine in europe as it reviews these cases with european health authorities and for more on this let's bring in our correspondent. brant just like there heard on that c.d.c. audio track the pause in johnson and johnson single does call the vaccine comes at 6 recipients experience a very rare blood clot now all 6 for a woman between the ages of 18 and 48 and all developed the illness within one to 3 weeks of vaccination now one of the 6 has died and his 2nd is currently hospitalized in critical condition but health officials are stressing that these

are all their e rare and rants and if you take a look at how many people so far have gotten the johnson johnson vaccine which is close to $7000000.00 we're talking about one per 1000000 and when you give millions of doses of vaccine it's rare side effects like this just can't be identified in the clinical trials because if you didn't have millions of people in rolled in fact in the phase 3 trials of johnson and johnson there were a little over $43000.00 so while according to the c.d.c. 75 percent of the during as recipients. port of side effects compared to 65 percent of the pfizer recipients none have been very serious or i should say life threatening which is why only the johnson and johnson is being currently pause while health officials further study these side effects now what does this pause mean for anyone currently registered to receive the johnson and johnson vaccine

this means all federal health channels of vaccination sites community health centers and the like will immediately stop administering the johnson and johnson vaccine now the c.d.c. and the f.d.a. are recommending that states through this same but it will be up to the individual states to make that decision because they're giving a complete separate allocation of those says and brand given the fact that the vaccination program represents the greatest hope to end a pandemic that has claimed over 2000000 lives in a worldwide including within 500000 americans and many were hoping that the pace of the vaccines would even act they would even further accelerate those efforts but the big question is will supplies go down given the fact that johnson and johnson will temporarily be halted now the white house says that it won't. let me start by saying that this. announcement will not have

a significant impact on our vaccination program. that scene makes less than 5 percent. of the more than a 190000000 recorded shots in arms in united states today. and i should say the u.s. is not alone here south africa they're also suspended the roll out of the johnson and johnson vaccine meanwhile johnson and johnson says it's also delaying the rollout of its vaccine in europe and compared to the u.s. you know we have 2 other vaccines that are pfizer europe doesn't have that same opportunity there they're only dealing with the astra zeneca so they were really hoping that johnson and johnson was going to add to their vaccination efforts which is a further blow to the e.u. which not only has been overwhelmed by supply shortages but also concerns over blood clots in a small number of people who receive the astra zeneca vaccine now while the astra

zeneca vaccine isn't in use in the u.s. the blood clotting is connected to how the johnson and johnson vaccine is that a dent a virus a vector vaccine the same type as the astra zeneca vaccine brant or 2 correspondents are it's ever thank you so much for following all of this. and just one day before the coin base i.p.o. big point has rallied to another all time high breaking above the $63000.00 a big win continues to grow leading the overall cryptocurrency market capitalization to hit an all time peak of 2 trillion dollars earlier this month that's according to data and market trackers coin get go and block foley is joining . us co-host sam crypto analysts ben swan and christy i krista i want to start with you is there actually a correlation here between that coin base i.p.o. and big wins new all time high. absolutely economists it's one of the main gateway

companies that allows for u.s. citizens to buy crypto with the currency and as such coyness is the largest crypto currency exchange in the u.s. even though there are numerous other chains around the world considerably larger trading volumes and thus because of that its business is built almost entirely on the performance a bit coin and it's and thanks to this recent rally this has reported it 1800000000 dollars worth of revenue in the 1st quarter of 2021 so with this i.p.o. this has in a way legitimize crypto to wall street and to main street as well because an encrypted used to be viewed as these french assets that no one really understood and now it will debut on the nasdaq financial now use of $100000000000.00 so there are actually a couple is this could play out so firstly you have a ton of early investors in coin base those who are part of the see the series a.b.c. venture capitalists who are finally getting an exit after waiting around for a decade or so after they cash out of quite a maze and get that big. what's next us equities are frothy treasuries don't look

that great emerging markets are kind of shot so where else to park their assets but back to somewhere in crypto and maybe a bit reinvest it secondly now is listing on nasdaq at the valuation that legitimizes the whole industry so corporate institutional have to start paying attention to crypto or else you respond left behind and new economy calls us this crypto economy which is a software power tool of payments trading peer peer transactions using block change so as a script economy starts to take shape and become a reality companies are going to have to start following the footsteps of tesla and micro strategy and start participating or risk becoming irrelevant again contributing more towards is that going to man and finally when bates is now making a very public very flashy splash across the page so if you've been living in a rock and never heard of point based you have now so many tell us again never heard of quite well and this will likely jet. new interests new customers for

a new wave of buying from retailers and that will also push up quite so don't forget that unlike us the which apparently we can print by the trillions whenever we want the supply of decline of the net and we're only mining 900 of the coin her day and that number will only decrease so we have 3 points to man and a very stagnant supply and now ben looking at the future of bitcoin bloomberg has made the claim that because it could hit a price of $400000.00 by 2022 it feels like we have a new prediction every week of some you know crazy number that is probably not that crazy what's this based on. you know it's based on a couple things you know bloomberg is kind of putting together market analysis based upon where big going has been in the past how it's kind of grown over time the fact that there are certain markers and every couple of years it's about every 4 years or so that we see big going to take you know a tremendous leap in terms of its size its value and then also what christine was just talking about right now which is the fact there is a finite supply of

a coin so big going is not a a token it is not a currency that is going to be able to be printed you know. perpetually it just can't be and so because of that you do have a finite supply and that and that has an effect now $400000.00 by q 4 of 2021 i don't think that's necessarily going to happen it could happen it may happen but it won't necessarily happen but i don't think it's important whether or not hits for 2005 i think predictions like that are actually unhelpful to this space because again if we're talking about the actual value in the promise of a big coin it's the idea that you have a currency that ultimately i believe what bitcoins ultimately going to do is it's going to become not the world's reserve currency but it is going to become the currency by which all other nations essentially settle transactions between each other i think that's where big coing is ultimately had it so its value is much more than just a price tag its value is in its ability to be able to become truly the global

currency through which nations are able to trade with each other and it removes the responsibility of $1.00 nation having that one world reserve currency so you know $400000.00 great prediction could be exciting if it were to get there but it's more important what they can actually do in terms of of really as i said becoming or removing the need for one world's reserve currency christine as we talk about crypto currency we talk about the things that kind of revolve around it and chip maker invidia as he raised its 2022 1st quarter revenue estimate from the sales of its new cryptocurrency mining processor to $150000000.00 up from the previously expected $50000000.00 why is there so much interest in this new project from invidia. well there's a huge amount of demand for especially as a price a big point in each continues to go up and that's because this new c.m.t. this is principally designed for the industrial scale mining of so they actually

don't need the specifications required of a chief or his g.p.s. so then as a result it won't impact the availability of the chief. gamers which were previously the predominant buyers of this of this device so previously the miners there co-opted in the video graphics processing units in order to mine crypto and that created a lot of market shortages and headaches for the entire p.c. gaming community so right now there is very strong demand from east miners that use hashmi is at historical highs you have very high networking fees and there's a lot of competition a role amongst miners and that coupled with easts prices now breaking up breaking out into all new time highs that suggestion of the u.s. play for captain mining is set to pay off in a very big way especially as a switch to easy to point out a group or state it's still quite some time out there in our bed as christie just managed to mention a theory and it's actually been hit new all time high over $2300.00 as of tuesday how is this latest rally actually affecting other krypto in all coins. yes actually

it's affecting a lot of koreans in a very positive way as he said if there is is way up but beyond that live report right now i think in the last 7 days rebels up 100 percent cash is doing extremely well i believe 50 percent in the last 7 days point which you know there's a lot of jokes about those quiet but it's up another like 50 percent of the last 7 days so we're seeing a lot of coins that are moving pretty rapidly right now so a lot of that probably goes back to coin based on what's happening with them but i think in general what's happening right now is and we've been talking about this not just for weeks not just for months but for years is there is an acceptance a general mainstream acceptance right now that number 1 dollar specifically the u.s. dollar is being printed into an oblivion and therefore it is being devalued and number 2 that there is legitimate competition in the currency world and number 3 there are some people who are getting very wealthy moving into that so don't get left behind

so right now i don't it's not just a phone though it's the it's the idea that this is not just the future this is the right now don't get left behind so there's a lot of people coming into this space right now i think will only continue to see that over the next few weeks and months boom bust co-host and crypto analyst boom kristie i and perhaps one thank you both for your insight today. and softbank backed ride hailing giant grab announced tuesday it will go public through the largest spec merger to date valuing the company at nearly $40000000000.00 their grab which operates in southeast asia offering services such as transportation food delivery and hotel bookings from its app will merge with altimeter growth as part of the spec process now special purpose acquisition companies are shell companies created to raise funds to buy private firms the

process has become more and more popular over the last year as a means to bypass a traditional wall street i.p.o. the singapore based company operates in 350 cities across 8 countries and serves 187000000 users. time now for a quick break but when we come back new data shows u.s. consumer price increase in march as inflation concerns for main focus will break it all down as we go to break here the numbers at the close. today the industry prefers to spend millions of euros in you know the 2 daily traditions i will be sniffing all about making money making profits in some of the corporations international markets import export do you imagine the number of chronic diseases that are out in every community today it is not due to new viruses

all new microbes that's not true so it is due to environment. not going to say you know that moment all discipline of this sort of muscles are really just accumulate could only come in to see them move to the side. of the sky if the so food industry is successful it will create more jobs it will create more value added it will create more growth so i don't see why we shouldn't also fight for the interest something into st outset that we have regulation we want regulation i was an industry any freedom behave zaniest penalty that's fine. but like you took notes because he. knew it was the 1st one you looked upon you must produce conformal for the 100 pounds.

i chose you just wanted to catch. me if it was national level off. the top of. the plane. talk a little. bit some of which are from reporters. who go to these critics one of the least most of them. because they've been. pushing him to lie for the smear. job this is good news. to follow someone into believing it because you've got a close call you know where it is you. know it's the same wrong. rowles just don't call. me old but

yet to shape our disdain to come out of it and in again try it equals betrayal. when so many find themselves worlds apart. choose to look for common ground. welcome back in another positive sign for the ongoing global economic recovery china's trade rose for the month of march in dollar terms exports jumped 30.6 percent for march from the same month last year while imports grew by 338 point one percent for the month the highest level in 4 years now the world's 2nd largest economy had a $13800000000.00 trade surplus for this month data regarding china's economic growth for the 1st quarter of the year is expected later this week and analysts

believe it will show the nation's economy expanding by a record 18.5 percent year over year. and here in the united states consumer prices shot higher in march the u.s. department of labor reported tuesday the consumer price index rose point 6 percent from february but increased 2.6 percent from march of last year as the at the onset of the pandemic the year over year gain is the highest since august of 2018 gasoline prices were the biggest factor in these monthly gain spiking more than 9 percent in march and up 22.5 percent from the previous year when nearly all travel was halted due to the global pandemic food prices also contributed to this increase now as we look at the economic recoveries effect on inflation the u.s. federal reserve policymakers including. believe the increase will be temporary analysts expect inflation to continue to rise in april but eventually level off for

more on this and some other economic news of the day let's bring in jeffrey dungarees the editorial director with the american institute for economic research and octavio the c.e.o. of optimists l.l.c. thank you both for joining the show today octavia i want to start with you this latest report seems like it's the clearest indication that inflation is mounting and feeding its way through to higher consumer prices is this increase temporary as j. paul tends to say or are we at risk of a runaway runaway inflation. well i think i think the balance that risk looks like we're looking out of inflation coming our way but bear in mind that despite all the money that the fed has been pumping into the markets we really haven't seen that much translate into into real headline inflation rates it's been a lot of inflation in the markets as the root of inflation housing when you really get down to consumer prices has been fairly tame and i think that's explained by the fact that a lot of consumers and putting money on the side and have not been spending that money so if you look at bank deposits the through the roof american consumers have

put more money into the banks of the course the past year than was ever before so a lot of that money has been sitting on the sidelines and sort of person as they sort of start to feel more comfortable are going to start to spend that money said ok things are ok now i can go back to normal start spending that money and that will drive prices now in terms of drone powells vision that this is a temporary blip and it's going to go on i do wish that the fed would share its models with them so i don't know why there was refused to do that they've got all these great models about forecasts of interest rates and all sorts of other things going on why don't they share them with us why don't let's see that model so we can see the same things that for some reason they're not willing to do that and that of course raises suspicions i doubt he actually has a model that shows things going up and coming down and then going side to as a going. to model his is genius ph d. in him attrition have come up with but i think it looks unlikely so i think he might just be pulling this out of his parents jeffrey i want to get your opinion on this because president biden's top economist argued in

a new paper on monday that inflation worries are vastly overblown to a similar point what do you think of that because we see all the smart money guys all those hedge funds on wall street if you want all of the smart money guys are prepping input and putting assets into things like crypto so what do you see of all that well you know i don't have to buy ministrations correct obviously means and there are certain ways you can explain the increase in gas prices just purely demand driven you know when you have lucked out and that everybody sonoma nobody's going to read and then people just get a house band does. but to get out and yasser was driving the streets of america just teeming with cars and deliveries and yet there could be a demand driven there and this is you could say the same thing about how stress about it or or i should say groceries should so here's the here's the problem is that you're seen this it's really broad based and the american has severe economic research maintains us thing because everyday price index which is not c.p.i. what it does is it looks at things that people actually sort of file all the time during need on

a regular basis and that figure is actually shocking to me and if you analyze a quarter quarterly increases for the 1st quarter if you analyze that it's in the digits right so we're looking at 1112 percent which you know that not really but you know annualized quarterly increase that's that's it's big and the biggest that we've seen since 2011 so you sure you could write it all off a server these things happen people are moving in and buying houses we're eating a lot of food and driving a lot and so on but after a while you really begin to wonder and also as i toyota says we have you know so much money we're awash in the money and you know all else weak equal you know increase in the money supply and this level are going to push prices up now the mitigating factor is velocity if consumers are not spending then going to main going to be maintained in a whole normal rate but you know what the fed does not control that so turd large extent the price increases are going to be determined by consumer behavior and if

there's more money just chasing the same amount of goods eventually that correction will come and we're looking at our or real problems the fed will not be able to control no art fair or to move on to a little different point here because at the start of the day there were conserved that this data along with a pause in the use of the johnson and johnson back say well actually hinder markets but that wasn't really the case in fact after peak was at record highs the nasdaq gained 4 percent today what do we look at in markets as we head into earnings later this week. well earnings are going to be actually remarkably difficult to really gauge and john and i don't think it's really going to be the driving factor in this market i think we talked a lot about the fed in this little show but i think the fed is really what that is the driving factor in pushing these markets up so the fed charism pumping money in the carrier making markets go up and that works really effectively if you think that's a good idea in terms of earnings i mean we're looking at sort of

a consensus forecast that earnings and be up 25 percent this quarter which is a very impressive increase but bear in mind the 1st quarter of last year was a pretty awful time in the 2nd quarter was even worse so our comparables a bit off so what it's looking like now in the 1st quarter expected earnings to go up 25 percent and next quarter we expect to earn as we go up a whopping 50 percent but bear in mind one year prior we had the whole covert unpleasantness which of course is depress the numbers so we are comparables are a bit off it's really hard to compare to in the way that we would historically do so but i think is not real driving market and i think the fed with his very low interest rates is what's driving the market and corporate and next jeffrey what one last point before we get out here today because president biden called for a bipartisan push to strengthen the u.s. i'm a conductor industry during a meeting with auto and tech exacts on monday to pitch it and added that into his $2.00 trillion dollars infrastructure put a how do you see american businesses and corporations actually reacting to this proposals specifically say we need to you know bolster our chip making and moving

that into our infrastructure package. well you know government can't just make computer chips as magically appear out of nowhere by just subsidizing them it is ridiculous and also there's that about a subsidy will guarantee it's quality precision it's up to date that's in terms of current technology and look all of this was massively disrupted over the last not just during lockdowns and 2020 but going back 22001000 even 2018 with the disruption of supply chains from china so this is you know it's that is the real underlying issue here the champion ministration really began to construct a kind of gigantic at technology wall between the u.s. and china and other places in the world and the problem is it's made it's created enormous shortages in this country and everybody in the industry knows that so we've got to fix that problem and no amount of government spending is going to fix

it jeffrey tavia it seems like tire is going to be the only thing that really heals that particular issue thank you both for your time today thank you very much. and that's it for the time it gets boom bust on demand on the portable t.v.'s smartphones and tablets through google play and the apple app store by searching portable t.v. could also be downloaded on newer model samsung smart t.v. ropey devices or simply go to portable t.v. the next time i'm going bust. but i think. this is. the 1st one to the finish to go forward from the 100. 80. that you'll see just who do. you think if it was national level off.

the plane. to libya. it's a local ship from the philippines. supports these products one of these was a pledge because. she's showing him to live for the smear. job that you know. the president wants to let you at least 80.

psychiatric drugs are essential for millions of patients rather they want that pill that they hope will take care of their problem thoroughly and rapidly in the short term they really work the problem is in the long term they're mostly disastrous suddenly stopping a drug can cause withdrawal symptoms more serious than the condition it was meant to treat instead of the beneficial effects of these different medicines ending up to something wonderful and very often there are for affects it up to something terrible until solve all ills are we trying to medicate life itself i just think i

was in like i was just scared me i was a scared little girl i was 24 and like. the didn't have to be so complicated. and go rages for a 3rd night in minnesota after a black man was shot dead by police crimes across the country you're again calling for forces to be to fund it while some of gone on the rampage leaving local businesses fearing the worst also to come out in the south muslims and from the state of trying to control all aspects of their lives and their choice of clothes the schooling of their children for the new bill designed to separatism than pharmaceutical giant johnson and johnson.