it resents the criminal behavior of american soldiers as here all week of her seeing roles by portraying new victims as terrorists must end criminals heroes. treaty of tragedy of the victims as a game is totally unacceptable and encouraging by only a violation of international law by killing civilians which is contrary to the geneva convention dreamy makes one wonders why it is getting it's been many. just come home past 4 in the afternoon here most likely to have a company don't forget because i website full of stories take and you can find that . the financial from i'm with you today was about money laundering 1st to posit this cash into 3 different. oh good that's

a good start well we have our 3 banks all set up something in your something in america or something overseas or the cayman islands or the real world these banks are complicit in their tough talk or see just after all it's a need to do some serious money laundering ok let's see how we did while we've got a nice luxury watch for max and for stacy old beautiful jewelry and how about. our luxury on one bill from that you know what money laundering highly illegal. watch has a record. this is a boom bust so one business show you can't afford to miss and washington coming up for the big point rally rages on as its price has been driven even higher by the

wall street debut of point b. straight ahead we break down the price spike and what the listing means for the fin tech sector a lot 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 economic uncertainty that has seen millions of workers lose their jobs well c.e.o. pay has soared we'll analyze the growing inequality with 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 based 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 a 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 names and i heard stories that have like yours it's not playing allen's here he needs your work lots or at least that is right. when he says to come paramount as it's must direct week where you just. saw the 1st one a result 9 slaughter me you're up to $1000000.00 and the number of money turns up to. 3 months earlier $6.00 there i am right now because when you're

not spare time you already under a sentence or 200 percent respectively in the last year and in the short term when you says 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 in the marketplace for people to actually send 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 it has more problem than any other major exchange so this kind of validation lets a lot of skeptics like records and your sense. of how do 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 true the private market to america and the fact that it's records nice list and already it open up at me one that's very small it's

where out there now kristie do we see other exchanges following in coin 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 it is it is us primal never considering going public and well i'm 21 you know but i don't think we'll see it when you walk up to ikea like house on a way to biotech so outrageous. or 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 does work yes because all the investors and they are right that when you do so i tend to spoil the party as people get older. 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 i was one of the silicon appear transactions which means no

more i mean the basic point the entire point of crypto no bank to hold your finds no middleman us from to charge. and no investment banks got it's huge commission to sell your company in order to raise funds that was the entire point i see a listener. in 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 close. but at the end of the day point me and crack and that kind of still have value 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 the early teens a little more and 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 silicium 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 price got 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 if they are obviously leading the way as it sets another record why is the performance so i got 40 seconds for you. well each line out for me very different basically because the point is more current well during this more. transactions are monitored in transactions are it's acceptable instruction so over the next couple years you're going to be very it makes because i think you know maturation of the networks and we have at least 2 player coming online with a lot of developers are not very familiar on the development let. bobus 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 ben 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 intercompany is like you know tencent indeedy essentially everybody who is 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 brant 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 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 statement 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. 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 that the human 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 what 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 antitrust violation like that ever say anything something similar to say oh we're sorry little we'll get on the right track page 2 of us co-hosted investigative journalist ben swan thank you so much.

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 expects he was more than 90 percent effective at protecting against code of 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 or 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 clase is cases climbed by 9 percent last week and that's the 7th consecutive weekly

increase meanwhile deaths jumped 5 percent and just here in the u.s. while cases are up 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 experience as a rare blood clot after receiving that vaccine so far what 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. vaccine which is about 7000000 actually a little over 7000000 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 doe's 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 us comes from 2 other manufacturer pfizer and madeira none of the us 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 when they just passed a milestone of $1000000.00 covert related deaths to 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 are also concerned about a similar use with another axiom developed by 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 experience. blood clots while 19 have died ma'am majority of 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 use staff to the vaccine was called by health officials safe and effective by 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 has skyrocketed the midst of the pandemic despite mass layoffs and job cuts on the other side we take a look at the disparity and as we go to break here the numbers are close.

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 so. direct. what is true watch is faith. in the world corrupted you need to descend. to join us

in the depths. aura maybe in the shallowness. and use a bit like it's more it's. you it's the 1st one to look at the numerous to go from a couple of 100 words. i chose to use would do him good except. if it was national guard coming off. the plane to talk a little. bit some of it was from of course mr. scrooge one of these critics one of the least mythical you'd be near the roof because maybe you. should you don't live to be smeared. all over this you knew those.

opposed someone into believing it because it does a good style if you believe that easy. and welcome back it's no surprise that many americans have really felt the pain of the copen 1000 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 median pay reached $13800000.00 in 2020 up from $12800000.00 for the same firms and 2019 pay rose for $206.00 of the 3 $122.00 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 that let's bring in intercessor richard wolfe he's the host of economic day 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 really the issue isn't anymore these numbers which come with the 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 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 due to restructuring efforts amid the pandemic while planning to close $125.00 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 know 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 the ones 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 heating and meet the ass to getting away with bloody murder paying taxes while they pay themselves bigger money and this thing is now you can't really point at this one or that one it's a systemic problem they're all with a few exceptions but they're all in this game they justify their increases by pointing to somebody else who got an increase and so you get this crazy disconnect professor richard wall post 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 letter 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 now the n.f.t. baseball cards will be available through the world asset exchange or wax block chain and the m l b had previously tried to use the a theory in block chain for a game where users could buy and trade cartoon biohazard but that idea really never gained any traction this latest move comes amid increased interest in both the world event f t's 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 play and the apple app store by searching for portable t.v. which you can also download it on newer model samsung smart t.v.'s and roku devices simply check it out portable dot tv will see you next time a boom bust. one

else seems wrong. wrong just don't. mean. you have to see. this day after day. and in detroit because of the trade. when something you find themselves worlds apart we choose to look for common ground . like freeze dried water just add water. and then. it's art just. here's a joke and for $100000.00 all you need is the ark to go with it but you got the joke and just you don't have the heart just at heart it's freeze dried are freeze

dried box it's freeze dried. it's freeze dried money it's it's sold as if it's something in a can. what it is of the says it is. breaking news here now is the international russia values washington will pay the price for harming relations between the $2.00 after the us and ends and russian diplomatic personnel are being expelled from the country yet more sanctions are being slapped on more scope for alleged election meddling to come to the french parliament passes a controversial bill on global security something which had already angered human rights groups who fear it threatens efforts to cool act police in peace and.