either you have left he's talking out right oh there you go. 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 prince 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 actually does are up after 3 days of losses as the u.s. releases more doubt on inflation what they can do those details at the back 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 mining in transaction especially coal which has the worst emissions of any fuel in the tweet must added tesla will not be selling any bitcoin as the company looks for other crypto currencies that use less than one percent of energy per transaction these concerns about energy consumption there are 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.

on the news the price of bitcoin fell as much as 14 per cent while tesla's stop dropped as much as 4 and a half percent so let's dig into this with but co-host then she's a crypto analyst as well kristie. kristie 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 bought decline for its treasury back in january and he specifically 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 game he's obviously not selling that coin and by treating those in a widespread market panic he cause a price to drop giving himself and his friend another opportunity to write and the fact that he is not selling shows actually 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 contrarian he likes 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 that point not being green is a very poorly fabricated excuse to be negative on an asset that he's holding so he's being contrarian and anti wall street when right now this is a huge amount of investment just pouring in from wall street so got to give it to him there's no better way to get attention than to speak out against the crowd but this is like the subs are getting really really old and you know he's got what around 50000000 twitter followers and he's got in trouble with the f.c.c. for what he tweets now obviously because. he is 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 speaking 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 a 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 of the father and giving him all its power and influence because people have got to realize that these are just weeks there are opinions at best not gospel to be taken seriously so

we can all sit here and complain that it's market manipulation or it's a pump and dump scheme but at the end of the day you wouldn't have a company scheme if all the lemmings and musk and boys didn't drink the kool-aid and buy into his every whim and also guess what is a visionary and gifted us all with but 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 just let his name and. that's it and for that he managed to finagle and positioned himself as a crypto influencer like he bases basically the car dash of the 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 that influence on social media now kristie you know when he talks about the fact of how much energy is being consumed does a lot of us actually have any new information regarding the energy impact of mining and for that matter i know 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 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 is absolutely no new information nothing has changed in the realm of the coin so it's not like he woke up one day and some we had an epiphany that oh what a huge amount of electricity i didn't know that guess i can't be green champion and support big quake to 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 decline actually incentivize we knew more 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 geothermal energy so with mining you actually want to maximize the number of her kilowatt and currently the most efficient way is through the use of

solar hydroelectric 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 all on the let's be more green thing by musk unless he switches rocket's many faction and battery manufacturing where you're actually running huge huge amounts of lithium to more sustainable energy then he's going to look like a child have a great year kristie one quick question i got about 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 per cent of the power consumption that because it has quickly does that exist. i mean there are cooked of crime scenes that uses

a lot less energy than think why and there is also eat that is actually making this big push from hoop of work to push 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 big point is a bad use of energy because we all consume energy and we can use it to stream crashed and needs if you stream other separate things so it's not up to one to say when you say that some shit is better than the other boom bust co-host christi i thank you so much for the mouse's 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 addressed the situation thursday. this morning reports that fuel is beginning to flow to move giora to the markets that they service and they should be reaching full operational capacity as we speak as i speak to you right now that is good news but we want to be clear well not feel the effects at the pump immediately this is not like flick you know unless which is pipeline is 5500 miles long it had never been fully shut down its entire history. and in the wake of the cyber attack president biden actually signed an executive order on wednesday aiming to

prevent another cyber security issue like this in the future for more on that let's bring in our to correspondent fair and forensic now found 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 $5000000000.00 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 by 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 than those i. as providers to the government so well we do know that they happened we don't know how often and till maybe after the fact now because we'll have to probably report it but we do know a report last month by the ransomware taskforce they said the amount that people are paying in rent for when somewhere 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 and 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 divided administration 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 made 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 the south or noon 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 much. more on the right i'm. going back to the company in. the 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 down archie course but if they're friends i thank you so much for this. and the world's 1st mask over 1000 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 affective easy fast and free so that as many as $15000.00 pharmacies stood 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 to average or 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 now eligible to receive a vaccine and it also opens up the possibility that many children will return to

a 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 it explains why new cases. how fall into some of their lowest level since it

read right now about $38000.00 new cases each day and with cases that of course are hospitalizations go down and so do so to death. one of the most contentious things 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 endora now this is the big change in door a mask wearing guidelines for fully vaccinated people take a listen today c.d.c. is updating our guidance for. anyone who is actually there can participate in indoor and outdoor activities large or small without wearing a mouse or a physical the. if you are fully got something you can start doing things that you had stopped doing because of the hand that we have all along for this moment when

we can get back to some sense of normalcy. but here's the caveat masks are still required in certain indoor settings with specific health guidelines like hospitals transit travelling on any public transportation and the airport or an aircraft and it also doesn't 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 or spot it's high time to thank you so much for keeping us up to date. and time now for a quick break but when we come back equities are up after 3 days of losses as the u.s. releases more data on inflation we're going to the latest and as we go to break here

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distractions and fictions for news that tells you what's really going on tune in to our to america where we always question more. our culture is awash in lives dominated by streams of never ending electronic hallucinations that emerged fiction until they are indistinguishable we have become the most deluded society on politics as a species of endless and needless political theater politicians have morphed into celebrity are 2 ruling parties are in reality one party to corporate power and those who attempt to puncture this vast breathless universe of to make news designed to push through the cruelty and exploitation of the media loopholes for our force so far to the margins of society including by a public broadcasting system that has sold its soul for corporate money that we

might as well be mice squeaking against an avalanche plus we must. 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 u.s. 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 thursday 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 paid 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 and what it means markets thursday with october is the c.e.o. of optimist l.l.c. and joseph he 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 data because i know we've talked about this before we've heard so much of in recent weeks about the fed keeping an eye on inflation jay powell says it'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 i have to say i mean commodity prices are up all over the place consumer prices our producer prices are up it's looking like inflation is here and i guess this 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 but 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 is we 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 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 very convincing i think inflation looks like it's very real at the moment joseph noticed by 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 granted the markets like it's react to news negative or positive through really quickly pretty much the gay and we've seen this time and time again each time there was a fed meeting this past year or jobs report then once the dust settles 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 keeping up faster than sis 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 this is over the u.s. having a hiring issue the jobless claims up claims number under 500000 which is a pandemic love so the economy should see some more growth going into the summer and 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 it would have been a good move you know price today but the buyer beware for that summer q $3.00 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's actually reporting that j.p. morgan wells fargo and other banks they plan 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 loan that we saw during the last recession is this concerning to. no really i think the 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 fees the credit bureaus who are the firms of collect all the stager and then come up 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 on randori more which how much you earn how response go 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 and 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 they'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 fees that they're the banks we don't like

paying in 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 the sales are up revenues are reengagement so they were reporting you know some good numbers they're reporting some goods you know that information 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 is what wall street wants to hear especially with the new i.p.o. . the of up with l.l.c. and joseph give the of strategy marketplace thank you both for your health this today. and finally trading cards are making a big comeback for both physical and digital copies 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 poker man 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 they 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. portable to be can also be downloaded onto a model samsung smart t.v.'s as well as roku devices or simply check it out at port of about t.v. we'll see you next time. hey

guys i made a professional is powerpoint to show you how artsy america fits into the greater media landscape our team is not all laughter all right we are a solid alternative to the bullshit you liberal or conservative and as you can see that is margret we don't skew the facts either talking ad left these talking head righties oh there you go above it all so look out world are the americans in the spotlight now every lead might have no idea how to classify as one actually took me way more time than i care to admit. oh yeah. he lives.

to come by. how to read out read i turn on the t.v. on the back the world of what's happening around me i see shills on the screen speak in last every day because the big news near it sits at a state agencies who may be cooling it's just building up quickly with tarmac the plum brick by brick globalism making up plenty off that in this war but i found the network that open question site he's a great movie sad space civil strife climate change example would be cool simply lists all the mainstream wants to do was keep us quiet you watch the right you can't keep a silenced critical point seize hold perspective question inside direct we don't take sides we walk the talk artsy america of means real talk.

live from the world headquarters of the r.t. america in our nation's capital this is the news with rick sanchez everybody i'm rick sanchez here to welcome our viewers from all over the world including those of you who are watching us using your phones on the portable t.v. app all right so we're going to get in with 2 important questions did colonial pay the ransom to the hackers who were holding their company hostage and here's number 2 just how often does this happen 1st the news after a day 6 of this shutdown gas is flowing through the pipeline once again however widespread outages persist all the way from the.