so look out we're all artsy americans in the spotlight now frankly i have no idea how to classify and it actually took me way more time than i care to admit. i. this is boom bust the one business show you can't afford to miss branch of war in washington coming up hundreds of billions of dollars were wiped out of the cryptocurrency market after a major announcement from tesla c.e.o. elon musk will break down what happened plus the colonial pipeline restarted operations after last week's ransomware attack and now the white house has his issued an executive order to prevent future cybersecurity mishaps and later equities are up after 3 days of losses as the u.s. releases more doubt on inflation what they can do those details with a packed show today so let's dive right in. and we leave the program with

a major hit to cryptocurrency hundreds of the billions of dollars were knocked out of the entire crypto market after tesla c.e.o. elon musk announced the company would suspend vehicle purchases using bit coy now in the now infamous tweet posted wednesday must said the electric car maker is concerned about rapidly increasing use of fossil fuels for big point mining in transaction especially coal which has the worst emissions of any fuel in the twee must added tesla will not be selling any bitcoin as the company looks for other crypto currencies that use less than one percent a big energy per transaction these concerns about energy consumption there's nothing new in fact we've talked about it quite a bit on this show back in february cambridge university even released data showing big tricity consumption ranked above entire nations including argentina the netherlands and the u.a.e. eat on the news the price of bitcoin fell as much as 14 per cent while tesla stop

dropped as much as 4 and a half percent so let's dig into this with but don't think she's a crypto analyst as well kristie. christine this is such a wild story what do you make of the situation in this movement that we saw in crypto and tesla stock following that tweet. well 1st of all this news is just overblown and frankly it really doesn't make any sense tesla just. back in january and he's that simply said that they will not be selling any so this i believe is just more showmanship from a lot that could be construed as market manipulation in order to further his own games he's obviously not selling their client and by treating this in a widespread market panic he caused the price to drop giving himself and his friends another opportunity to light and the fact that he is not selling shows that he is still in fact on the side of decline no matter what his words say actions speak louder and right now he is still a hard liner so must he also likes me contrary if you like to go against the crowd

in a very high profile way so this tweet was just another attention seeking stunt to get chatter going even though he clearly is still holding back when clearly supporting that point and this entire nonsense about bitcoin not being green is a very poorly fabricated excuse to be negative on an asset that he's holding so he's saying contrarian and anti wall street when right now there's this huge amount of investment just pouring in from wall street so i gotta give it to him there's no better way to get attention than to speak out against the crowd that's if you like the subs are getting really really old and you know he's got what around 15000000 twitter followers and he's got in trouble with the f.c.c. for what he tweets now obviously because cryptocurrency as it is regulated it may not cause much of a problem for him to tweet legally but do you think they're just holds way too much influence when it comes to investments when it comes to cryptocurrency because of

what he's been doing over these years. well yes and no yes he does wield a lot of influence and many people would think that he should then have some sort of responsibility to not abuse his power and influence for greed or selfish motives but then again that's the very idealistic lee the fact of the matter is that you have your freedom of speech and therefore even actually say whatever you want on an open platform like twitter so you can't just censor someone from saying stuff just because they wield too much power or influence but yes it could be very dangerous and they could use it but then where do we draw the line we really can't and that gets into very dicey territory that i'd rather not see so yeah at the end of the day it's really the people's fault for idolizing musk and creating this cult. and giving him all of our influence because people have got to realize that these are just tweets their opinions at best not gospel to be taken seriously so we can all sit here and complain that it's market manipulation on the pump and dump scheme but

at the end of the day if you wouldn't have a pump and dump scheme if all the lemmings and musk and boys didn't drink the kool-aid and buy into his every whim and also guess a lot is a visionary and gifted us all with like he has contributed absolutely nothing to the industry other than his loud and frequently misguided opinions he has built on things he's not involved in any project he does let his name in for a duck it goes that's it and for the actually managed to finagle a position himself as a crypto influencer like he plays he's basically the car dash and as a crypto world making headlines by being loud and standing rumors at this point just to clarify i was not in any way of situating that he needed to be silenced i was just making the point that he wields a lot of social media now kristie you know when he talks about the fact of how much energy is being consumed does he want us to actually have any new information regarding the energy impact of big money and for that matter i don't tesla is supposed to be environmentally friendly but what does he think is charging those

vehicles is it on smiles and sunshine no it's also phone call oil and how the power is being routed to your home until we go fully renewables for power overall he's really not going to see that anyway so when you make of that. exactly there's absolutely no new information nothing has changed in the realm of bitcoin so it's not like he woke up one day and some we had an epiphany that oh what's the point is a huge amount of electricity i didn't know that guess i can't be green champion and support my bad so obviously this is not new news for him because back in april in fact he actually agreed with jack dorsey a square that they're quite actually incentivize renewable energy because miners are unique energy buyers and there are some miners face in countries like iceland and norway where most energy production is almost 100 percent renewable via hydro electricity and shields are more energy so it might mean you actually want to maximize the number of her kilowatt and currently the most efficient way is that

they use that solar and hydro electric because those are the cheapest way to produce electricity so again no new information here must agree with dorsey on this so why is he suddenly doing this one a day without a better explanation and if he really did feel this way why didn't he elaborate on what he meant because his tweet was so generic so clearly there are other factors at play here and you bought up a very good point because if we're all along the let's be more green thing by musk unless he switches rockets manufacturing and battery manufacturing where you're actually mining huge huge amount of lithium to more sustainable energy then he's going to look like a china have a great year one quick question i got 30 seconds for an answer he mentioned moving to cripple currency because they said he still said it was very viable that it has less than one percent of the power consumption that big oil has quickly does that exist. i mean there are crypto currency that uses a lot less energy than that why and there is also eat that it's actually making

this big push from people who are computer of steak so there is also a huge handfuls of cryptocurrency that are now carney to become the more green are alternative so yes they exist but at the end of the day they all consume energy and it's not up to us to say that consuming energy because for mining decline is a bad use of energy because we all consume energy and we can use it to stream crashed and we need to just stream other silly things so it's not up to one to say one uses energy consumption is better than the other co-host christi i thank you so much for the now says today thank you. and the colonial pipeline one of the largest fuel delivery pipelines in the united states resumed operations wednesday after ransomware forced it to go offline late last week meanwhile bloomberg is actually reporting the company paid nearly 5000000 dollars to the hackers behind the attack on friday citing 2 sources familiar with the transaction apparently the company had paid the ransom in crypto currency within hours of realizing their systems had been

compromised ensuring the hackers actually provided colonial with a decrypting tool to restore their network although that tool took some time to work now despite resuming operations there are still concerns about the fuel supply chain throughout the eastern portion of the united states president joe biden address the situation thursday. this morning reported that fuel is beginning to flow to majority of the markets to the service and they should be reaching full operational capacity as we speak as i speak to you right now that is good news but i want to be clear not feel the effects at the pump immediately this is not like fluke you know unless which is pipeline is 5500 miles long it had never been fully shut down its entire history. in the wake of the cyber attack president biden actually signed an executive order on wednesday aiming to prevent another cybersecurity issue like this in the future for more on that let's bring in

our to correspondent theron friends like now fair and what exactly is in the executive order right so again like you said coming off of the wake of what is a legend that colonial pipeline paid $5000000.00 to this ransomware company well this executive order brand it's opens communication between i.t. services providers and the government it moves the federal government forward to secure cloud services to lead the way requires a baseline security standards for any software that's sold to the government and also establishes a cyber security safety review board that has both public and private sector board members it also outlines a playbook of what happens and how to handle these incidents if they happen and when they happen in the future they also are talking about improving detections of these incidents to kind of get ahead of them before they actually come in and do what we just saw with colonial pipeline and we know that they've happened previously ransomware attacks but how often are they happening so that's the

question here we know that they do after happen often however with that executive order brian what happens is these companies haven't been very transparent in the past this executive order now kind of bridges a communication line from those companies and those. as providers to the government so well we do know that they happened we don't know how often and still maybe after the fact now because they'll have to probably report it but we do know a report last month by the ransom or task force they said the amount that people are paying in rent for when some were hackers has increased 311 percent in just 2020 alone with payouts of more than 350000000 and cryptocurrency the average ransom paid by some of these organizations in 2020 was more than 300 k. but again that executive order raises questions about how much there really has been and do we know if the bite initiation actually knew that colonial was going to pay this ransom so that's another thing so we had a press conference earlier this afternoon from president by and he made it very

clear multiple times he is not going to dictate what private companies can or cannot do maidenly because of his republican counterparts and critics are saying do something but biden did say last night they were working closely with them but then this afternoon he said this now i want you to look at it watch what he says how he says it and how he walks away take a look. thank you very very. much more on the right i'm really going to be. coming. thank you. so there you go maybe saying the quiet part out loud we're not sure but it's looking more and more like they might have done archie correspondent faired friends i thank you so much for this. and the world's 1st mask over 9000 vaccination campaign for children kicked off in the u.s. on thursday after the federal government recommended making the fires or vaccine

available to those aged 12 to 15 president joe biden who hailed the vaccine as safe a fact of easy fast and free so that as many as $15000.00 pharmacies did ready to start giving shots on thursday meanwhile at the same time many of the countries being hit hardest by the virus have not been able to secure vaccines to inoculate even health workers or those most at risk of serious illness or death for more on this let's go to our to correspondent side tavenner so brian this is a big change because there are about 1x7ww children in the u.s. right now between the ages of 12 and 15 and that represents 5 percent of the u.s. population now this change would mean that people anyone over the age of 12 they're not eligible to receive a vaccine and it also opens up the possibility that many children will return to normal life and do things that kids do it tent camps this summer and specially

returning to in person school this fall which is huge for kids and parents because right now roughly one 3rd of kids between the ages of 13 and 14 there is still in remote learning and and although i have to say children young children are thought to spread the virus less often than adults do their ability to transmit the virus does increase with age and teenagers can often transmit the virus just like adults can and right now with 35 percent of the u.s. population being fully vaccinated at a speed of about $2160000.00 shots per day which means the u.s. can be fully vaccinated but by the end of october this year and that would include children over the age of 12 and of course with 35 percent fully vaccinated right now explains why new cases. how fall into some of their lowest level since september read right now about $38000.00 new cases each day and with cases that of

course the hospitalizations go down and so do so to death. one of the most contentious thing is especially here in the united states has been the mask mandates throughout the country in the c.d.c. actually released new guidance on that thursday tell us about that and they sure did so in a move to send the country back to toward prepared to make life right normal life the c.d.c. has just ease into our now this is a big change in durham asked wearing guidelines for fully vaccinated people take a listen. today c.d.c. is giving our guidance for fully vaccinated. anyone who is. in participating in indoor and outdoor activity a large or small without wearing a mouse or a physical this. if you are fully got something you can start doing things that you had stopped doing because of the hand we have all along for this moment when

we can get back to some sense of normalcy. but here's a caveat masks are still required in certain indoor settings with specific health guidelines like hospitals transit traveling on any public transportation at the airport or an aircraft and it also does raise the question of whether people are going to be telling the truth about being vaccinated because of course is no requirement to prove that you are in specially as more aggressive variants are merging in places like india and south africa because as it stands right now at the moment scientists can say for certain 400 percent whether the current vaccines will protect you from these more deadly variants bryant correspondent cited savage thank you so much for keeping us up to date. and time job for a quick break but when we come back equities are up after 3 days of losses in the u.s. the u.s. releases more data on a leash and we're going to the latest and as we go to break here the numbers of people. i.

i. something you your sports. i'm a journalist it's all i know being a truth teller people say i make among comparable good news is like a jackhammer with drill down and think find the truth newt gingrich because it's time to do news again and question more.

the corporate parasites in power today might think their role will continue forever whether they're right or wrong we have to keep fighting western. the mainstream media swarming with false hoods riddled with censorship and under corporate control you think capable of truly informing its audience they can't rise above the corrupt motives of those calling the shots when you awaken so this fact turns aren't see america where we dare to question mark. turn around and see the one about the world it was happening around me i see shows

on the screen last every because of the who is near its steady state. building no this is after brick by brick wall is the taking place in the store when i found that there were no question. and welcome back the boeing $737.00 max is set to return to the skies once again one month after an electrical issue forced the company to ground around $100.00 planes the us federal regulators confirmed their approval on wednesday saying they found a pretty straightforward fix and they're confident in the plane safety moving forward the f.a.a. also noted that the latest issue was unrelated to the major problems with the flight control system that caused 2 deadly crashes which led to the plane's

grounding in 2019 with the latest announcement southwest united and american airlines are expected to bring around 60 of the planes back to service and alaska air confirmed it would be adding a dozen more planes to its fleet as travel continues to pick back up here in the united states. as the u.s. labor department released new data if there is a regarding the state of inflation in the country the producer price index rose a record 6.2 percent year over year for the month of april a jump of point 6 percent from march p.p.i. measures the prices paid to producers as opposed to the prices consumers pay as we talked about talked about on wednesday the number was up 4.2 percent compared to the year prior for consumers prices for steel mill products jumped more than 18 percent while many food products as well as plastics and materials saw a significant increase so let's go out and take a look at what this means for the economy. what's moving the markets thursday with act of your envy is the c.e.o. of optimist l.l.c. and joseph gives it here is a founder and c.e.o.

of strategy marketplace thank you both for being here today octavio i want to start with you here what's the takeaway from this latest that because i know we've talked about this before we've heard so much of in recent weeks about the bad keeping an eye on inflation jay powell there's all going to be transitory is there anything you're actually seeing there to show you that this is the case. not very much you have to say i mean commodity prices are up all over the place consumer prices our producer prices are up and it's looking like inflation is here and i guess is the fear the fear of every central banker over the course of the past 1015 years even that they've been increasing the money supply and afraid of inflation let's just sort of saying let's kick the can down the road a bit and it will not happen my watch for the next guys watch and it seems that the next guy is jay powell he seems to be a sort of left holding the bag as as inflation takes hold i guess he's also saying that this is a transmission transfer of phenomena and i guess what he's really trying to do is

influence people's expectations around inflation he knows full well that if lots of people expect inflation to arrive it will arrive there just as expectations will lead to it so he's trying to basically talk them down sort of persuade them with his powers of persuasion say no don't worry it's all going to be ok i don't think it's terribly convincing i think inflation looks like it's very real at the moment joe so despite this news about a play should be higher than expected markets are actually up thursday after 3 days of losses it is all about buying the dip or is there something else going on there . well brant the markets like to react to news negative or positive through really quickly pretty much the day and we've seen this time and time again each time there was a scent meeting this past your jobs report then once the dust settles in the following year or 2 we have this reversal and that's what's really happening from what we can tell today look we all know that inflation is creeping up faster than to support it it's almost a matter of when not just a matter of if and if the fed can actually essential ation and that's

a key indicator here but people are always looking for the positive signals when it comes to investing with the c.d.c. talk about fully that see people being able to go back out without masks and despite the fact that we see businesses over the u.s. having a hiring issue the jobless claims up claims number fell to under 500000 which is a pandemic low so the economy should see some more growth going into the summer now we're seeing that now with travel and restaurants growing especially today we know this bull market still has some lakes a grow over the next few months of behind the dip at this time would be would have been a good move you know right say by a buyer beware for mid summer q 3 q 4 that would be a little more defensive at that point and octavio there's a concern that i'm seeing here because the wall street journal is actually reporting that j.p. morgan wells fargo and other banks they point to offer credit cards to people with no credit scores in the lending rates have become so low apparently they're going to look at their checking and savings account to chairman whether they've been financially responsible. considering that you know we've heard so much about how

the housing market is healthy despite prices being way up and just going like crazy but we are seeing that same type of predatory low in that we saw during the last recession is this concerning to. normally i think the banks who hold your checking and savings account actually know an awful lot about you so it's not as if they're necessary going to lower the lending standards they might even actually increase their lending standards and say we're going to be more selective all it's really about is that these banks don't want to pay the large for use of the credit bureaus who are the firms of collect all the stager and then come with a credit score they're basically saying we know more about you than these credit bureaus do we see how much money comes in we see what you spend pence spend on randori more which how much you earn our response guy how many checks bounce how frequent are of drawn they know a lot about you so they can come with a credit score probably better than these credit bureaus can so i think they're just trying to avoid those fees and it's not like going to start to hand out credit cards willy nilly to anyone comes along we're going to be cautious with their money

so i don't think there's much to worry about here i think it's more about avoiding credit for your charges and for years that there are the banks we don't like paying and joseph i have about 30 seconds for this but bumble actually saw shares fall on thursday after reporting their 1st quarter earnings on wednesday they're down below their i.p.o. price what happened there. you know it's interesting because. revenues are reengagement so they were reporting you know some good numbers they're reporting some good you know that its mission there but what's where is the guidance we're talking about that they were going to have a slowdown in growth over the next few hours which isn't what wall street wants to hear especially with the new i.p.o. . of optimist l.l.c. and joseph give the of strategy marketplace thank you both for your analysis today . thanks frank. and finally trading cards are making a big comeback for both physical and digital copy something we've talked about here on blue best quite a bit but target says selling them in the store less is not really worth the

trouble anymore the retailer announced trading cards from the m.l. b. n.f.l. n.b.a. and pokémon will no longer be sold in stores after a fight broke out in a wisconsin target parking lot now according to local media in the milwaukee area one man was injured in a fight and he did not stop until he reached for his firearm no shots were actually fired in the victim has a legal concealed carry permit in total 4 people were arrested and taken into custody for battery and disorderly conduct charges during the pandemic card values have skyrocketed in according to the guardian a 1st edition set of pokemon cards recently sold for $400000.00 at auction 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 portable t.v. to be can also be downloaded on your model samsung smart t.v.'s as well as roku devices or simply check it out at portable dot t.v. we'll see you next time.

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lawyer. something you your sports. there's so much going on in the world don't you think when's the last time you had a real bird's eye view of. the news be more than just hours of figuring give me 30 minutes i'll take you on the low. i'd like good morning to you host the question for the guests and then i actually listened to the guests answer and then react to that that's it folks douglas miller here a job a new show. hello

and welcome sir that did tonight here i believe we are today on the show we'll talk about the tokyo summer olympics which were postponed from 20 to 20 but are happening this summer however not everyone is so excited about them our very own anders li sits down with no olympics organizer gigi drove to discuss why we should imagine the world without the olympics then i discuss how workers want to lawsuit against who were in the u.k. and the fake were shortage that's happening in the u.s. then correspondent natalie mcneal breaks down the recent changes to digital.