a 100 words. i chose to use who do. you think if it was national guard coming off. the plane. to libya. was supposed to force me. to. support scoop one of these clinics one of the from getting you to leave because the. shooting into my thirty's when you're. going to. go to. the polls someone. the president also wants to let you know it's pretty easy.

this is a boom box the one business show you can't afford to miss and washington coming up to big oil rally rages on at its price has been driven even higher by the wall street debut of corn based straight ahead with. breakdown the price spike and what

the listing means for the fin tech sector lost in the wake of china's crackdown on ali baba the nation is issuing a warning to its other major tech firms they have to we'll take a look at china's latest moves and the reasons behind the nation's pressure play and later in a year of coping $1000.00 economic uncertainty that has seen millions of workers lose their jobs well c.e.o. pay has soared we'll analyze the growing inequality we have a packed show today so let's dive right in. and we lead the program with massive news on wall street and we are just talking about the earnings from some of the nation's biggest banks crypto currency exchange coin base started trading on the nasdaq on wednesday reaching a market value near $100000000000.00 this is the 1st major cryptocurrency business to trade publicly in the united states and as wall street awaited coinbase the 1st trade between set another record topping $64000.00 now outside of the world's most

popular cryptocurrency a theory i'm also record highs on wednesday so let's dig into the details and bring in co-host and crypto analyst her name is chris christie coinbase is head in the public markets as we just talked about as people just pour money into cryptocurrency but is that market cap of about $100000000000.00 that actually reasonable. well yes absolutely if you look at some of the latest techniques and i heard a story like yours it's not playing allen's here he needs your robots or at least that is right. when he says multiple income per month as it's the smallest directly or you just. saw her results 9 slaughter me your average $1000000.00 and the number of money to impact a news conference. 3 months earlier 6 on when they're off and right now because when you're not spare time you already under spent 1300 percent respectively in the

last year and in the short term when you just well i meant record prices in the long term however earnest let me the center of what it calls the don't economy and helping to build up a whole ecosystem and a marketplace where people actually spend their so many analysts they're calling us directly to see a watershed moment for the industry as it's basically arrived at the street quite a ways has more users and more revenues and many of the largest players there is more probable than any other major exchange so this kind of validation lets a lot of skeptics like our good friend your sense. of how did you meet a valley there to ny office and frustration with the disruption coming out so because any industry any company that can watch an i.q. of this size is without a doubt that you know it's because the private market demand and the activist records nice list and already it open up at me one that's very small it's work right there now kristie do we see other exchanges following in coyne bases

footsteps now that is really paved that road towards mainstream acceptance on wall street. sure i think we'll see a couple others not of time so maybe crack you were just playing us is gives us primal never considering going public and well i'm 21 but i don't think we'll see it when you die close like house on a later biotech's outrageous. war because if you recall i was always going to come and wait because whatever industry or segment is higher ground the moment we're in that's what us because all the investors and they are right that when you do so i tend to spoil the party as people get i'm going to. so it's a good thing that we probably won't see that here i don't think the market eats it so firstly i mean obviously there are plenty of journalists silicate to peer transactions which means no more i mean the basic point the entire point of crypto

no bank to hold your finds no middleman sram to charge. and no investment banks got its huge commission to sell your company in order to raise funds that was the entire point i steal as an. order to completely i ask wall street so i admire point based on what they've accomplished they make it to easy to use and easy to buy for regular retail investors it's very impressive and i are planning for that but at the end of the day point me a crack in that kind of silicon valley's sell out the job done by look at the trend and exactly what it points out to you money and distrust so it wasn't cracking at all your exchanges in their early teens a little mammal that they want to snuff out so it's kind of ironic but in a way i get that it's necessary in order to the silicate mass adoption allows for. some not to you know not all who are just 20 and out that while this is a huge moment for wall street and i'm sure colors everywhere are very grateful that

. this isn't really a turning point for the new yorker. and now kristie quickly before we get out of here you know we hear so much talk about because but really we're in the middle of all season now and the theory and obviously leading the way is it sets another record why is the performance so i got 40 seconds for you. well each night now for me very different basically because the plane is more current well during this more . transactions are monitoring in transactions are it's existed well instruction so over the next couple years you're going to be very big because i think it's you know maturation of the networks and we have at least 2 player coming online with a lot of developers that are not very familiar on the development let. us co-host christi i thank you so much will continue to follow the story. and the chinese government is issuing a stern warning to dozens of internet and tech companies about the price of

violating antitrust laws now the warning comes as regulators recently issued a record $2800000000.00 fine against tech giant ali baba over similar violations joining us now to discuss this boom bust host investigative journalist and swan now ben let's start with this fine against ali baba what specifically was it for. a fine 2800000000 u.s. dollars is what it really comes down to for violating essentially chinese 80 trust laws since 2015 the idea here is that alibaba was forcing certain merchants to open up marketplaces or markets on their platform that as part of this is essentially you know forced movement it violated the law it's a principle in chinese markets called one from 2 and if i can share with you just real quick what that means it refers to this idea that merchants are forced to have exclusive partnerships with certain platforms like alibaba in order to operate on

their site you can't just be on the site you have to have exclusivity on their site so it's something that exists kind of in the chinese marketplace pick one from 2 and the chinese government says that alibaba has been violating this principle since again 2015 so they issued a fine which really amounts to about 4 percent of the company's profits from 2019 the under the law they had the ability to go all the way up to 10 percent they settled at 4 percent of their profits from $21000.00 but that's essentially kind of like the warning for the 1st time and then don't do it again and now that $2800000000.00 of course sounds huge when you talk about you know funds or any sort of fine but the fact is their stock price went up and jack ma the founder of ali baba he gave about $2000000000.00 on monday alone just from that so he's making a lot of add up. with that l as the backdrop the chinese government has now issued this warning to dozens of companies what are they telling these companies to do.

yes i mean for companies like you know to incent indeedy essentially everybody who's operating some kind of a mobile platform in china or an internet service company and what they're being told is take heed you cannot violate these antitrust laws in china or we're going to hit you with similar fines maybe even larger fines and collectively these this group of internet companies has already responded to the chinese government saying that they will essentially comply and they will make sure that they're not in violation of it the idea here is to not stifle i know that sounds crazy britain saying this coming from china right is to not stifle competition it isn't on stifle what is happening in the in the tech space in china and to allow for more competition it's weird to think that it is a communist government of china that is pushing for greater competition in that space but that's what they say that they're doing and i think here's the other important thing is that yes the 4 percent fine against it's relatively small the

question is if you're a smaller company than alibaba which many of these companies are are you willing to take an even bigger fine or or what other penalties come along with that and i think a lot of these companies are saying that least they will get in line and as you said you know it's a surprise to some people that it's a competitive behavior is being cracked down by the chinese government do we see other countries beginning to take similar approaches with tech firms i mean we hear a lot about it in the west about these violations but what else are we seeing worldwide yeah i would say this and this is kind of again it's kind of a weird saving to make but the reality is that the chinese right now are leading the world in terms of cracking down on anti competitive behavior by tech companies again it's a crazy thought because here in the united states we're not cracking down on anticompetitive behavior by tech companies at all in fact we're allowing tech companies to only get larger and there is no remedy for that even though we have on the books many different anti trust measures in europe they're looking at antitrust right but they haven't been forced to see anything yet. so the idea that the

chinese government is cracking down on this and saying we're not going to allow tech companies to get to the size where they actually hurt the rest of the country and essentially the concept they're pushing there is that these companies need to recognize they have an obligation and a responsibility to the nation as a whole not just to their profits and their bottom line that is what the chinese government is saying i would say the west should take a page out of that book well it's interesting because as you said they all accepted this this letter basically saying we will do our best to not do that you would never hear an american or european company when issued a violation like that ever say anything some similar to say a worse article or it will get on the right track page co-hosted investigative journalist ben swan thank you so much. thanks.

as the future of the johnson and johnson coping 1000 vaccine remains up in the air we're getting new data regarding the efficacy of one major vaccine used in the united states mcdermott said tuesday its bechstein was more than 90 percent effective at protecting against crowed a virus for up to 6 months after a patient receives a 2nd dose citing new data from a phase 3 clinical trial the company said the drug is 95 percent effective against severe disease over that same period of time but at a comes as more questions are being raised about just how long coated vaccination will last in patients for more on all this and the latest carbonite in case numbers let's bring in our key correspondent site after site brand you know what all this talk on vaccines i want to remind everyone that clip in 1000 is still growing significantly with more than 4400000 new cases reported just last week globally clay says cases climbed by 9 percent last week and that's the 7th consecutive weekly increase meanwhile deaths jumped 5 percent and just. in the us while cases

are the good news is that deaths are down 27 percent which again is very good news now meanwhile federal health officials continue to suspend the use of the johnson and johnson coated vaccine until they could fully investigate reasons behind the 6 recipients who experienced to rare blood clot after receiving that vaccine so far we know is that all 6 were women between the ages of 18 and 48 and that they developed the illness within one to 3 weeks of the vaccination now one of the 6 has died and the 2nd is currently hospitalized in critical condition and if you take a look at how many people have so far godden the johnson and johnson vaccine which is about $7000000.00 actually a little over $7000000.00 the blot clot appears to be effect is one out of every 1000000 people injected with the vaccine so the risk of dying from this vaccination

is incredibly small now by contrast couvade kills one in 8 people who are infected or over the age of 75 and one in a 1000 infected in their forty's among those who develop now the white house said that the pause will not have a significant impact on the nationwide vaccine plan since the majority of the vaccine stock in the u.s. comes from 2 other manufacturer pfizer and mcgurn on that the u.s. so far has gotten over 123000000 of the pfizer vaccine about 100000000 for the johnson and johnson about 17000000 which means that the u.s. has over 10000000 doses that they currently are not using and i also want to stress that this is not just affecting the u.s. right now south africa they've also pause their use despite being its preferred vaccine because of its effectiveness against a south african very analogous trail. announced that he would not purchase any

doses whatsoever meanwhile in europe where they just passed a milestone of $1000000.00 covert related deaths have also the sided to delay the rollout of the j.j. vaccine were several countries were expected to start administering a dis week now this is a double whammy for europe who is not just overwhelmed by supply shortages but also concern about a similar use for the nother axion developed astra zeneca now that a vaccine has not been authorized from urgency use in the u.s. and out of the 34000000 who have received astra zeneca shots in britain the e.u. and 3 other countries 222 have experienced blood clots while 19 have dynamics already these cases also mild woman under the age of 60 and about a dozen european countries suspended the use of astra zeneca all last month but all

except denmark have since resume used after the vaccine was called by health officials safe and effective but denmark has become the 1st european country to stop using the astra zeneca vaccine all together so we'll see in the coming weeks if more countries follow brant r.t. correspondents i attempt to thank you so much for keeping us up to date. and the man behind the largest ponzi scheme in history is dead it $82.00 bernie made off died wednesday in federal prison while serving a 150 year sentence for his fraud which cost tens of thousands of people as much as $65000000000.00 over the course of 4 decades 2009 made off pleaded guilty to fraud it other charges for taking in funds then paying new investors with old funds all while falsifying investment returns and account statements he was churned in by his own sons after confessing his business was a lie at least 2 of his victims took their own life after their losses while some lost their homes as well according to the a.p.

made off died of natural causes the last year made off was denied a request for compassionate release he claimed he was suffering from a terminal kidney disease among other health issues only some of his victims were able to recover all or part of their losses through the bankruptcy process. time now for a quick break but when we come back c.e.o. pay as skyrocket the midst of the pandemic despite meth layoffs and job cuts on the other side we take a look at the disparity and as we go to break here are the numbers the close. is your media a reflection of reality. in

the world transformed. what will make you feel safe. isolation community. are you going the right way or are you being that. way. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. aura made in the shallowness. 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 and mostly disastrous

suddenly stopping a drug can cause withdrawal symptoms most 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 full effects it up to something terrible 10 pills. probably trying to mitigate life itself i just think i was and i think i was just scared i was a scared little girl i was 24 and like. i didn't have to be so complicated. i. welcome back it's no surprise that many americans have really felt the pain of the coven 18 pandemic despite recent months of job growth and economic expansion there is still of lot of room for recovery in fact recent data from the u.s. department of labor shows there are nearly $8000000.00 fewer americans employed

than before the pandemic took hold in march of last year as stores were closed and consumer spending took a hit you would think those at the top of some of the biggest u.s. based companies were losing out as well but that's not the case cornett analysis from the wall street journal c.e.o.'s of more than 300 of the biggest public companies in the united states saw median pay reached $13800000.00 in 2020 up from $12800000.00 for the same firms and $2190.00 payrolls for $206.00 of the 300 $22.00 c.e.o.'s according to the journal's analysis the median increase was just under 15 percent we should note that while many c.e.o.'s gave up some or all of their salaries at the height of the pandemic salary generally only takes or makes up for about 10 percent of total compensation with most coming from equity awards and bonuses so for more on this let's bring in intercessor richard wolffe he's the host of economic update and author of the sickness is the system what capitalism

fails to save us from pandemics or itself which is now available in e-book for former professor wolf i mean that book right there that tells us that you know pretty much all about this right here and i know we make this point so much on the show especially with you but as you look at this type of data coupled with the fact that the stock market has added near record highs just how divorced is the corporate world from the real economy facing main street here in the united states . it's so divorced as you rightly say that me only the issue isn't anymore these numbers which come with a kind of relentless drumbeat driving home the growing inequality but the real question is how long the mass of the american people are going to tolerate this i mean you cannot have a starker example during the pandemic the last year march to march we had

almost 60000006 of all americans have to have some kind of unemployment for some it was only a couple of weeks for some it was the entire year and when you were employed you become burdensome you use up any savings you might have had you become the person who has to lean on family and friends and community at a time of great difficulty for them as well to know that this is happening to hear the leaders talk about we're all in this pandemic together and then to get the kinds of results you just reported it is an astonishing system that works this way and i think it will not be tolerated that much longer and professor wolf i want to bring up a specific situation at the department store macy's though this is more of the same but despite your points over the summer macy's and out that it would cut $3900.00 good restructuring efforts amid the pandemic while planning to close 125 stores

over the next 3 years but meanwhile its c.e.o. saw compensation up 7.5 percent making $11100000.00 mostly from incentives i have i mean was the takeaway we see employees suffer while executives benefit. yeah i mean and you see it in another way if i could in you know elaborate a moment absolutely a business roundtable one of the most respected associations of c.e.o.'s in the country was asked and surveyed there there are a c.e.o.'s and they got a 98 percent result they were opposed 98 percent of them to president biden's proposal to raise the corporate rate of brought a tax on profit from 21 to 28 percent which i should note is only half way back to what it was 35 percent before trump dropped it so this modest half way back was too much for these corporations c.e.o.'s so please no they are crunching

down on any effort to tax them to pay for infrastructure which will help them because it might tax them and at the same time they give themselves higher pay packages you're right it's a level of disconnection of the people at the top from everybody else that is in the history anyway a sign of a system reaching the end of the it's tolerability and professor walther this brings me to my next point greatly the commissioner of the i.r.s. actually told lawmakers in washington tuesday that between the years of $2112013.00 the average of unpaid taxes every year was at $441000000000.00 now there's a lot of reasons but saying some of this has to do with evasion by the wealthy and a large corporations who tend to park money offshore as a key factor there i mean this goes right along with what you're saying what do you make of this whole situation. well you know there's research from emanuel sigh as

and everyone's up an end at u.c. berkeley it shows as well that numbers like those you just quoted are also hidden as a matter of course in tax havens the cayman islands luxembourg the stories go on and on if you add up the the laws that they've changed what they're lobbyist so that they can take the doctrines and the exemptions and the offshore hot and the high eating i mean yes they're getting away with bloody murder paying taxes while they pay themselves bigger money and this thing is now you can't really point that this one or that one it's a systemic problem they're all with a few exceptions but they're all in this again they justify their increases by pointing to somebody else who got an increase and so you get this crazy disconnect professor richard walsh host of economic update thank you so much for your insight

today. thank you. and finally trading card in collectible maker tops is getting into the world of non fungible tokens now the company will launch its 1st editor ever n f t baseball card collection on the 20th of april the digital cards which have been approved by major league baseball are digitally enhanced and creatively reimagine from the physical card that you would buy in a store with some even featuring cool little animations of n.f.c. baseball cards will be available through the world 'd asset exchange or wax block chain and the m o b had previously tried to use the a theory and block chain for a game where users could buy and trade cartoon battle has but that idea really never gained any traction this latest move comes amid increased interest in both the world event of teas and sports trading cards and collectibles and that's it for this time you can catch boom bust on demand on portable t.v. available on smartphones and tablets through google buy and the apple app store by searching for portable t.v. portals if you can also download it on newer models samsung smart t.v.'s and roku

devices simply check it out at portable dot t.v. but the next time a boom box. does the biden foreign policy differ from that of trumps at this point really however there is one difference trumpet challenge the bipartisan consensus in failed biden on the other hand appears happy to oblige the interagency consensus is we need to get. 6 guys or financial survival. customers go by. then else well reduce and lower. that's undercutting not what's good for market it's not good for the global economy

. what's need to. know when he believes that solicit it. from our your morgue or your home or your car. wash ashore strike you all but us lucifer mistletoe is just that. it is not my achievement mr davies our 5 beautiful lands were conceived. and carried out by the people themselves if how they would produce or even floor it with the idea of making a film like this probably be branded as crazy. how was the sentiment during the war the soviets were brave heroes resisting the nazis that's going to change of course after the war once the cold war begins. little

people think that hollywood is a free people it's only what is strictly. business and this is. how would i define hollywood they call it the dream manufacture which i think's true. i think equally it's a propagandist. protests in minnesota enter a 4th night following the shooting of dante of rights during a traffic stop. for the board and promises to withdraw all u.s. troops from afghanistan why september 11th the 20 year anniversary of the $911.00 attacks pushing back a deal with the taliban that says a made 1st deadline the militant group has already warned this could compound problems. was.