they were taliban the taliban won't even talk to the government and how the u.s. once it's out is going to make the taliban talk to the government is beyond me already the taliban has announced that it's going to create its own emirates in afghanistan and as i pointed out that is going to quit it in direct conflict with the other tribes such as particularly northern alliance so what the u.s. possibly could do is is cozy up more with the northern alliance elements pretty much like what we did leading up to 2001 so it's maybe history repeating itself after spending 2 trillion dollars there's cost in more than $2500.00 american lives not to mention that the afghans who have been killed. you want to be show up today so fast today good to have you company back again at the top of the.

right now all the. people who are overweight so. it's profitable to sell from the seas and sugary insults even the big it's not at the individual level and it's not individual willpower and if we go on believing that never change this obesity epidemic that industry has been influencing very deeply the medical and scientific establishment. of the what's driving the obesity epidemic it's for both of these. things have been bad for business here you can't afford to measure time rachel love

and john washington coming out the fact that largest cryptocurrency in the world take things a new all time high so why is that mysterious getting in the instrument tench it will drift up a lot of public heads they they are preparing for a battle over how much the infrastructure plan will cost and who will pay for it as the white house plans to host talks this week that the majority of americans are planning to get away this summer but after a year of record layoffs will the travel industry be ready for the increase in demand we have a lot to get to for let's get started it. with all the talk in the media about the growth a bit quite in this year there's been very little attention paid to the. world 2nd largest crypto currency of syria yet it's at the area that is having a much better year than bitcoin increasing in value by 325 percent for the year so far compared to the 95 percent rise a bit coin so joining me now to go further and topic to groom best co-host and

crypto analyst ben swan and kristie i kristie let's start with you a theory i'm just broke past the 3000 mark setting a new all time high what is driving the price here. well a big part of it is this big catch up rally to the late 2020 games and decline but the actual bigger part of the story is the growing shift towards the fire or decentralized finance that we've been talking about for the past year so most of the fire is currently built on a year right now and retail interest has been rising with total value lock reaching highs above $100000000000.00 now that's up over 1000 percent compared to just the beginning of the year so there's also the london hard work which includes the i p $1559.00 overhaul of the feed structure a lot of the transition to the proof of stay consensus model that are the prime can add all of that all the investors are anticipating so all of that will help the network reduce congestion lower fees and overall help if you get out so in

a way that can almost be compared to the bitcoin having so post a network upgrade each is going to be proving you can't marry a more developers a pallet on the floor and then on top of that you have the sort of demand for an f t's and other digital art and collectibles that are traded on which is also pushing it up so as all of this is happening the flip and they have also we entered the crypt a conversation which is the belief that market cap might soon top that point so you have daily transaction count on your watch chain increasing mike when you 2 percent to 1380000 this year alone so wildly and that when they be coupled a little bit there's still the reserve asset of the fi which creates leverage in the system and connects the 2 cryptocurrency together and it's fascinating to see its success even without all of that media attention going on with it now but i want to talk more about the issue of the 5 that christine mentioned why is that important for people to understand yeah it's very important you know you mentioned

about the media attention the really the reason the media doesn't give attention to is there is much in part is because they don't understand the fire or that ownership of this concept they don't even understand big calling so they really don't understand the theory i'm and the difference between the 2 was this was an obviously i. big point i think it's a great asset and it's a great store of value a hedge against inflation terrific it's the original crypto currency so i have a lot of love for bitcoin but in reality as i talk about on the show quite a bit the reality is big quake is not have a lot of use value there's no real use for a bit coin at this point and there are a lot of other coins we've talked about this before that sort of actual real world purpose of the theory and was one of these now don't get me wrong it's very it's not the only one right there are other smart contract layer one group those out there that could also do the same thing or do the same thing that the theory of does but your theory i'm and the theory is kind of the original here and so it's getting a lot of play and as christy rightly said the fight is the future of so much of

this crypto world it's not just about currency and we talk about this quite a bit it's not just currency that the crypto world is about an entirely new set of finance and financial instruments through which the world can operate the 3rd is at the forefront of that that's why it's doing so well and when you talk about that potential it almost makes sense as to why it's not getting nearly as much attention because it takes away from the status quo now kristie i want to talk about some interesting comments regarding bitcoin we saw that berkshire hathaway vice chairman charlie munger call of bitcoin disgusting and contrary to the interest of civilized nation he went on to say i don't welcome a currency that so useful to kidnappers and extortionists and so forth nor do i like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air ok a lot of accusations made there but is this a design theory of crypto currency. yeah i mean that just shows kind of how

ignorant some people are and that unfortunately that's the view of many who just like to bury their heads in the fan and ignore the change happening around them because they either don't like it or just don't understand it so that old thing adapt innovate or die that has never been more appropriate monger is 97 years old and a part of the old banking guard that is just being phased out right now so the fact that he's highlighting decline as a currency that useful to kidnappers or shyness that's an sure ignorance because once again the currency of choice of money launderer can never black hat and drug dealers is none other than the u.s. dollar so to say that it's your fallacy and let's not forget the u.s. dollar isn't really backed by anything either it used to be backed by gold but that has stopped being true about 40 years ago so i don't understand how someone can look at a queen and say that has no value and then just open up their wallet and clout a piece of paper thinking that that has more value so this kind of hate is almost

in a way validating that crime because these investors are big part of the reason why cripple exists in the 1st place to facilitate basically the biggest wealth transfer we ever seen and to empower people and so of course people like mungo would be threatened by it but yet to your point of view it's kind of guy you have a huge amount of institutional interest towards the product you have the european investment bank issuing a digital bond over the year and blah change and that would be worth $121000000.00 in collaboration with other banking entities a judge goldman sachs and j.p. morgan is also planning on a managed funds and apparently the u.s. can't get it together on an e.t.f. . excellent points made there now then we can talk about crypto currencies without bringing up the dollars coin we know that for 20 was supposed to be goes day when the coin jumped to all new heights and instead it crashed now since then there's been a renewed push by yuan musk and mark cuban to push the price of that up again and it has worked to some extent so why are billionaires now pushing up the price of

doge. well look i can't speculate as to exactly why these 2 particular billionaires are doing it there's a lot of speculation that the 2 of them both hold a lot of those coin which certainly may be the case i don't know that i haven't seen their wallets i will say this there are roughly 3 or 4 wallets that control about 60 to 65 percent of all those points so a very small number of people control the majority of them but let's talk about the reality here the reality is is that i think those points serves as a cautionary tale in some ways but it also serves as a way of looking at crypto in general the cautionary tale is if you get in as something is moving up through a bubble of any kind you're going to ultimately be left standing there with their hat in your hand because the reality is on 420 if you think it's going to the moon and it drops and you bought in high end and everybody else's has sold high and you when you just bought in it looking like a dunce and that's happened to some people and now they're pushing those back up again so that's the cautionary tale but the good side of it is arguably makes an

excellent point when he says the coin could be worth something that's not value liss if people would just use it for transactions that is true but it's also true of every other cryptocurrency out there so yeah absolutely listen the users of those who are the people who are buying into it have every right to make it into what they want it to be however it is not money flipping and so this is where you get into trouble when people come newly into the crypto space and they want to flip money and say i'm going to buy today and sell tomorrow and make a big profit in u.s. dollars in the meantime and there's no real application for a coin then that point ultimately is going to disappoint a lot of investors what it really needs to be is a actual usage like we're talking about with a theory i'm actual usage of some tangible asset and then get real world usage out of that point and now it has true value that's where if mark cuban and you almost want to push though sure and that's what they should be pushing it to is to actual adoption in a tangible realistic way that will certainly be interesting to see exactly where

those coins go and of course if the u.s. government catches up anytime soon. great insight as always bends on christie i thank you both for your time. the white house is preparing for talks with top republicans this week amid hopes they can come to an agreement on the future of infrastructure spending in the u.s. now while the 2 parties talk about numbers the 1st quarter earnings season keeps on giving and talk corporations keep beating expectations in fact according to reports the results from 87 percent of the companies in the s.m.p. 500 have been better than expected that's far above the historical average of 65 percent and it's on pace to be the highest share in more than 25 years so joining me now to discuss the call is michelle snyder a partner and director of training research and education for the market gauge group now michelle let's start with these earnings reports is this just a case where the expectations were too low or has the outcome really been that

historic. i'd say it's a combination of very conservative expectations because no one really knew what to predict out of the pandemic and then a better than expected stronger recovery here with the g.d.p. forecasted 6 to 8 percent from obviously vaccine having a lot to do with it but what's muting the reaction right now you would think the market would have rocketed to new highs in certain sectors it did like for transportation she will talk about later well if you look in your nast after some incredible earnings out of amazon and apple and facebook they are actually well read today and nasa is sort of struggling here to maintain itself so i would say that it's a lot has to do with inflation concerns what has to do with some chip shortages but so we're not really at a necessary historic earning season or particularly unexpected at this point ok well that's interesting to know there now i know another thing that has been

a big topic of conversation is this new spending bill democrats want to point 3 trillion for republicans offered a $560000000000.00 compromise that they say is actually focused on infrastructure now the white house says there will be talks this week but what are the odds of success here and is it having an impact on the market at all right now. well if you were strictly at the transportation sector which would be under the umbrella of the a.t.f. to me that is one of the areas that did extraordinary well today it actually went to all time highs so you're looking at a level of optimism there and regardless of what happens in politics how much money actually gets passed through remains to be seen but i think the general consensus at this point is that there will be a bill and it's a very necessary bill now of course one of the bigger concerns been size obviously spending that the republicans do not want to see spending on like tax credits etc

is these inflation concerns that we keep coming back to affecting the market all over the place because right now the passage would need more government spending and yes there is a concern of how is it paid for but government spending right now as the debt and we're already seeing some pretty high falutin flying inflation prices and i want to talk a little bit more about the chances of inflation because we heard that if biden's plan or some form of it is successful treasury secretary janet yellen is already saying she's not worried about inflation because the money would be spread out over the next decade is there a risk of rising inflation still something investors are worried about right now. absolutely i understand what yellen saying if you do look at it as amortize over the course of time but if you just look at the last 6 months 6 to 8 months we're already seeing tremendous ringback increase in food prices in copper prices still

we're seeing lumber going up and now all of a sudden you've got gold and silver starting to actually look like they're getting some life here with inflation concerns all of this based on low supply chain and also delays within the supply chain are impacting wrong a cheerier prices and eventually i think we're going to see those really reflected in the consumer price index so i actually believe that that's why going back to your initial conversation over to the show about crypto currencies there is an inflation component there that the younger generations are using to hedge and with all of these prices going up and up and up we're seeing that concern in the market of course we have to watch the interest rates very carefully and then thirdly i think you need to keep your eye right here what happens in gold and silver because if they wake up it could really be very very interesting and then one more thing would be oil which is sort of the x. factor also raking up here and if it gets back towards $70.00

a barrel and higher that could really push everything over the edge and i know this is one of those cases where a lot of people rely on those top u.s. officials to give them some sense of calm but at the same time we have to continue to watch the market and of course everything that's going on across the united states and how that's having an impact on points to consider here michelle snyder thank you so much for your time. time now for a quick break but when we come back more and more americans are planning to get away this summer but with the travel industry still facing billions of dollars in losses will it be ready for the demand well that's next and as we go to break here are the members of the club.

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this nepotism plus despotism is what we've got going on around the world and all these different it's so obvious now to everybody including the rank and file politicians that the money printing. the poverty increases the well think of gap

and increases the unemployment and the social misery that comes with it. americans are ready to travel again as kobe cases fall the vaccine rollout continues and restrictions are lifted the travel industry that has been left behind over the last year is seeing new hope for recovery the u.s. travel association is reporting that 72 percent of americans are planning summer trips this year compared with 37 percent in 2020 but. and with the increase in demand the airline industry still expects to lose 48000000000 dollars this year alone so during training camp on this topic is gary laugh off air at you from the wing now gary with the majority of americans planning to travel this summer how

does the industry gearing up for the increase in demand and will it be ready after a year of record layoffs well so the airline industry is basically ready to the front line employees that fly planes that work in the cabins they were laid off they may not have been working but because of massive government subsidies all of those employees who didn't opt for early retirement are still in airline payroll some of them need retraining pilots are going through simulators now and the airlines are bringing back flights their brain back flights largely to domestic leisure destinations places that people are going well so it's very much an uneven recovery in terms of where flights are but slightly but the airlines are generally ready for that ok well let's go to now and i know they've been waiting for these days for at least the last year now how does travel for business play a role in all of this i mean as we've seen over the last year companies have

learned how to operate with employees working from home and out of the office are we likely to see an uptick in business travel now that things are sort of getting back to normal. for the airlines to recover they're going to need business travelers back these are folks that go to destinations that are different and where people are flying now they tend to pay higher fares that's very important for the airlines we probably are going to start to see some recovery in business travel from you know very very low levels to you know higher levels in the fall through the winter into next spring it's not likely to come back 100 percent we have gotten a whole lot more comfortable with zoom we have adopted the technology you can much more effectively do meetings and it works better than many people thought you know that having been said there remains a business that you know brings people closer together and people are going to want to interact in person and that's going to be true businesses it's not the case

though when offices aren't back to 100 percent that you can really visit offices or large meetings that way and we're not ready to bring back very large indoor convention style events because of where we are the pandemic so business travel isn't anywhere close to full recovery but it's going to begin to come back in all likelihood you know in the fall and the fans or the method and all of this is that it's still going to take them time now one of the industries that has been hit the hardest by the pandemic has been the current ship industry we just saw 2 ships are turning to a dock in texas for the 1st time in a year and the c.d.c. is our thing it will allow cruises to return this summer as long as the majority of people on board are vaccinated is has the beginning of her ship recovery or is it still too soon to tell here. cruises will recover but it's probably going to take quite a while as well because even though bringing you know vaccinated people on board

with plenty of precautions is you know going to be reasonably safe for a lot of people to consider and it's also going to be a very uncertain decision for people to make because if there are cases on a ship if there is a break out even if you're vaccinated you're stuck on the ship and you're really not sure what's going to happen to the rest of the cruise or your ability to you know get off the ship so that given the uncertainty about how plans can change because of people other than yourself it's going to be a difficult decision for any consumers to make least until the pandemic is largely over so they'll be some sailing people who love cruises really low cruises they are dedicated you know they will return but it's going to be quite some time before it's really back to where things were before the pandemic and we fall lot of those sort of course stories from career ships last year and a lot of people not wanting to be a part of that and not wanting to be stuck there now another area of travel that a lot of people are talking about as when it comes to international travel i know we're hearing some new homes for americans being able to travel to gear up but

we're also talking about longer flights more time around people that you know no i mean is this a case of where we're going to see an increase in confidence when it comes to international travel specifically as more americans are allowed to travel to other countries. but as countries open up to americans we have seen very quick very robust booking data that's something that the airlines all revealed and there are earnings calls recently after the 1st quarter and we're going to continue to see that people are going to travel that said it's not going to recover to the point that it was preplanned either for leisure certainly for business travel yet because there is a lot of hassle involved you're still going to need to wear masks not just on any domestic length flight but on a much longer flight call 8 or 10 hours you're going to have to continue to get a negative test before flying back to the united states and then also present certain rests with the u.s. government taking virtually any test that's presented to you know and it can just

from anywhere in the world there's a small ability of false positives and then having to go get retested before you come back and show you know interruptions and plans so you know for it not everybody is going to go through that extra expense extra hassle but people are very much excited about the opportunity to return to travel specially to europe this summer some destinations especially in the as a civic region are going to be much farther off before they are really ready to reopen. and the mantras thing if exactly how that plays out but at least progress is being made ok and in fact on this topic gary laugh thank you for your time. thank you. now those nearly $3000000000.00 contract with space x. is now on hold with q. rivals protesting the deal the space agency was looking to secure a moon lander and space x. reportedly had been released expensive option it comes as for astronauts from the

international space station returned to earth safely on sunday aboard space x. dragon capsule our season has more on the spot. and it looks like those might be our drug chutes. visual to shoot. the dragon capsule parachuted into the gulf of mexico off the coast of panama city florida just before 3 am sunday and darkness space x. say they were turns for astronauts from the international space station and the mission being seen as a step closer to achieving commercial space travel what think going forward to be ready for this important step ready for the mission so our goal is one day that everyone's a space person and so this is just an exciting 1st step for that so you can see him provide cameras tracking the capsule as it streaks of the sky all 4 main parachutes could be seen deploying just before splash down. to be called the

great blue flawlessly as we undock from station doing the sequence of maneuvers. just as we would expect. the crew vehicle at night we have a lot of confidence in this recovery based on the cargo mission that we flew and landed in january with space x. and they recovered that vehicle as well. apollo 8 nasa is 1st flight to the moon with astronauts ended with a splash down near hawaii on december 27th 1006 years later a soviet capsule with 2 cars ended up in a dark partially frozen lake in kazakhstan that was it for. night time crew splash downs and tell sunday and all space x. may be on cloud 9 from sunday 6 hours another huge contract but now that was put on hold last week back in april space x. was chosen by nasa to build the agency's 1st human a lunar lander or something apollo program but the $2900000000.00 contract didn't

sit well with rivals blue origin and dianetics according to nasa space x. was the least expensive of the 3 so after 2 formal protest the government accountability office is looking into the matter in the meantime space x. will not receive the funding from nasa or the race to the moon continues things are still up in the air for space x. lou origin contended that nasa moved the goalposts at the last minute so the objective of landing on the moon by 2024 could now be delayed reporting for us to talk. about all for now we'll see you here next time and as always don't forget a question more. secret prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived when the zeros on the work to view

houses were allegedly preserved was located only people have access to the story for investigators they uncovered the darkest dealings of the secret services but i mean. the great ignore. for justice. so what males have tended to do and still do is we tend to we certainly have empathy all of that but we also did nurture through aggression so we. things like like soccer and football and you know all of the various hundreds of games that involve aggression now women are aggressive and can play those games no doubt very well but when you go back to why they were created those were created for males to nurture other males to aggression to teach them how to fix through aggression.

headlines an r.t. after a year of isolation he was seeking to open its doors to tourists but only for those who received jobs approved by brussels also to come to the us government marks will press freedom day by attacking other countries recollects on journalism rights and freedoms and finds all imprisonment a way to straighten citizens returning home from cohabitate india we hear from some who feel that they have been abandoned by their government. the extremely disappointed with the ruling that there would be an already stressed with someone who's losing their family members are losing jobs and i think this is an extra stress putting on people.