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tv   Boom Bust  RT  May 18, 2021 5:30am-6:01am EDT

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the crisis of the crisis began is that the way used to be now there is just one crisis on top of another raid on the world one starts at a one stop center it's just a multiple crises stacked up you know right there for me and you're thinking to yourself my goodness gracious what happened. to. new gold rush is underway and gonna thousands of ill equipped workers are flocking to the gold fields hoping to strike it rich here's a good. day over the children are torn between gold. from me was very poor i thought i was doing my best to get back to school which
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side will have the strongest appeal. this is the one business show you can't afford to miss i'm rachel blends in washington coming up businesses across the country react to the latest guidelines from the t.v. feed but how many are removing their masks mandation the world if you look in the t.v. was vaccinated andrew is it what agency an ounce of the creation of the 2nd largest media company in the industry so how is the market reacting to the proposed merger between one and media and discovery that want to thank. you on the fuel speculation over his holdings on twitter what does it all mean for the future
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of the world's most popular cryptocurrency we have a lot to get to so let's get started. major businesses across the country are reacting after the latest federal guidelines from the c.d.c. said that fully vaccinated individuals no longer need to wear a mask indoors or outdoors target trader joe's wal-mart costco and starbucks were some of the 1st to confirm updates to their mask requirements for customers leading the way for a return to mask free shopping but there are a lot of questions still looming including what happens in areas where cities or states have not updated their mass guidelines so joining me now to discuss through my co-host and investigative journalist ben swan and geoffrey tucker author of liberty or a lockdown jeffrey let's start with you here so the c.d.c. updated their guidelines without much warning how long before cities and states catch up. well i think they're very cut up i mean even massachusetts which is the
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worst state in the entire country for restrictions and stringencies has already sent out a release saying you're not have to wear a mask in public so i know for the rest of the country that's nonsense same like you know getting you know where. you shift i was in a wal-mart. that's not a and. so there's a huge sea change in the public people are tired of these things are throwing them out now you're right in the sense that the the companies themselves are slow to adapt these policies were to sane even to young employees look what wal-mart saying that you can get rid of your masks i think in a couple of days provided you've had a vaccine now. that's created a weird situation in which the customers don't have masks the employees all do which is which is a way of broadcasting clean versus unclean like a caste system that's actually extremely dangerous to c.d.c.'s announcement was not
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for everyone it was only for the for the for the vaccinated which you know children can't get vaccines so it means they're continued to be masked in school so it's like an unfolding of this this crazy logic but vaccines the science didn't change was the c.d.c. is politics that suddenly shifted for i would say politically expedient reasons and now the rest of the country is scrambling to adapt well there there's certainly seemed to be a lot of questions and it seems like even with the more statements we get from the c.d.c. we still have more and more questions about what that means for the american people and how they're supposed to adapt now ben one of the biggest questions here is how do these businesses know which customers are vaccinated and which are not. well you don't no i mean interestingly and to jeffrey's point look over the weekend larry hogan who's the governor of maryland was interviewed about this and one of the things he said is that in his state about 3 out of every 4 people have been
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vaccinated who are adults well 3 out of every 4 problem is virtually no one carries around any kind of proof of vaccination so when you now put all the responsibility on to businesses sam's club wal-mart target starbucks and you say to them it's up to huge determine whether or not you want to allow masks or not the problem is that there is no way of being able to do this and run a business successfully so i went through and i look at every one of these companies as kind of initially rolled back the mask mandate and what they're all saying is basically the same thing it's an honor system right if you are wearing a mask or not we're in a mask to see as me we're just going to trust that you're doing so because you've been vaccinated great ok but they're still in force and that there's no way of knowing there's not going to be someone standing at the door of the public says you walk in and say see if we have even vaccinated you have proof because 99 percent of the people out there wouldn't have proof and so you're going to alienate immediately huge numbers of your customers so i think what's about to happen here is you're going to see a freak out on the part especially have to tell
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a terry and who want to continue to control who is doing what and who what to utilize masking as an incentive to say if you don't get the vaccine you must wear a mask like a pariah and that whole argument going to fall apart on them because you can't make businesses and force this because it simply doesn't work and so i think it's a good day for those who say the mass we're in should in the long time ago it's a bad day if you want to continue to enforce this policy by forcing people to get vaccinated because it's just not going to work well and it's interesting for a lot of those businesses because i know we've seen countless viral videos out there over fights breaking out between you know these minimum wage employees trying to enforce things math mandates on cars right here you come in and say we're not going to do it so for some. because bigger companies they may be seeing this as less pressure on them you know to kind of put that out there because i know that some of the statements have even said to the effect if you're not vaccinated we ask
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that you wear a mask you know and so kind of putting it out there in that way but at the same time we know that a lot of people are getting vaccinated and you know jeffrey the sheer number of people who are getting some sort of got seen it in many states really is remarkable but to bend point the vast majority of people don't carry around some kind of vaccination card now at this point is it impossible to separate people and businesses based on vaccination status. well it isn't possible worse and it's unscientific i mean that i mean assures here's where the real outrage is i mean if i could just put it very bluntly all of the science for a year has confirmed in multiple occasions like to hundreds of studies and i could cite all of them that natural immunity is a real i mean we've known this for a 100 years if you have covered and recovered as have had you know like maybe a 140000000 americans probably vastly more than that 150 maybe more they all have very robust comprehensive long lasting immunities and that's been confirmed over
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and over again so what's strange and actually like ultimately discredited about c.d.c. is announcement is that they only consider valid forms of munni that is you know comes from a shot you don't not that which comes from national unity is or to some memories or crossed immunity some of the corona virus is so i mean they're. standing in denial of the science and basically the c.d.c. seems like you know there's a shilling for the vaccine of which again is fine some people need vaccines that's great but every comment epidemiologist i know says it's ultimately crazy and unscientific this is why the existence of natural immunity so the idea of a vaccine passport or you know how can a caste system we've had a vaccine you're free if you haven't had them you have to keep asking that this flies in the face of all the evidence that science has worked so hard for last year
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if you can relate and street and i know that goes back to the fact that any kind of vaccine is not a one size fits all solution and it does raise a lot of questions for those who have either built up in unity or who have their doctors telling them that it's not recommended for them specifically now ben before we go i want to get into episode anything is going here that asking about the speed with which this agency has changed their status. recommending face masks indoors and outdoors to suddenly saying no more face masks are required how did they get there so fast well i think jeffrey said it before it's all politics right there is absolutely no change in terms of the science though we've looked over the last year there's been no change at all there was nothing to say oh all of a sudden we now recognize that there is no need for these indoor and outdoor masks because of blake because of a study because of research because of the science no none of that it was simply a tell you what it really was it was an issue of on the internet and throughout the
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the news media there is that a debate going on about whether or not vaccines actually work because if they work why are you still wearing the mask that debate starting to rise up was getting working its way into washington we now had lawmakers starting to ask questions about it and so the by the ministration has been prompted to essentially push for a 2 tiered caste system of saying those who are vaccinated get to be free and those who are under x. in a did you don't get your freedoms back until you were vaccinated that was the real push and there's been a lot of talk about this that the by going to the straight should have bungled their opportunity to kind of force people into this and so the c.d.c. suddenly turns around and now says oh yeah now we know that you don't have to wear it which of course is nonsense because you know all of this is a fit and to jeffrey's point natural antibodies every study that we're starting to see about that indicates that people with natural antibodies have higher levels of antibodies that people with vaccines and i'll certainly advancers thing to see what
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businesses do and of course what the c.d.c. continues to say from here on out then so on jeffrey tucker thank you both for your time and insight on this one. of the largest media companies in the business are coming together to form one massive enterprise acnc an ounce plans to merger warner media with discovery on monday this marks a significant reversal for the telecom giant as it comes just 3 years after 80 and . he acquired time warner and an $85000000000.00 deal the latest deal would create a new business separate from a t.n.t. which would be valued out around $150000000000.00 including debt shareholders for a t.n.t. would receive 71 percent of the company's stock and discovery shareholders would receive 29 percent while the move is being seen by some as a way for 18 t. to get out of a questionable acquisition and also creates the 2nd largest media company in the industry ahead of netflix and n.b.c.
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universal and right behind disney meanwhile inflation concerns continue to weigh on u.s. markets so joining me now to discuss the latest is michelle snyder partner and director of trading research and education for the market gauge group now michelle let's start with this new merger i know we've talked a lot about how much tech stocks have struggled in recent months so how is the news that 80 and she is planning some major competition for netflix and disney having an impact on the market right now. well when netflix reported earnings that's really when they started to run into trouble because the numbers were already starting to shrink in terms of the number of subscribers that they were looking for going forward and they were talking about raising prices so the fact that there is this tremendous competition now coming from a t. and t. obviously does not bode well for netflix or disney which both fell but so did the stock. discovery and so to the 850 stocks all while some of the tech stocks
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actually fell not as much today for other reasons which i know we're going to talk about so what's interesting to me in terms of the whole sector of the streaming services is the timing seasonality wise we're getting to a point now where people are coming out and actually what's interesting is the stocks related to movie theaters actually rally today so it's almost like i think they may have to still sit through some storm here as we get through the rest of the spring summer in the fall and then maybe when people start going back indoors for winter but at this point now in terms of the overall tech i think there's a real separation between what the streaming companies are doing and netflix and disney 18 t. and what the big tech are doing never really looking more now at year olds and the inflation numbers and what the fed says this week yes certainly and it's interesting to see especially for those streaming companies how they have had so much reliance on over the last year and now we kind of the people wanting to go out
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a little bit more and maybe not staying home or watching netflix quite as much as they would have in the past ok now looking at the markets overall there has also been a big focus on inflation and with the latest report showing how consumer prices are increasing while the global supply chain struggles to keep up the message from federal officials continue to khinjan used to be that this won't last for a long are there are more concerns among investors than the market is letting on right now. well i certainly am concerned as one who was trading commodities back at the last super cycle of inflation which i'm almost embarrassed to tell you how many years ago that was i saw this stretch between the ratio of equities to commodities were at 100 year low so forgetting about everything else for a moment just in terms of that type of ratio you knew we were getting close to a point so now enter the pandemic so what is the pandemic do supply changes
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struction the labor force but on top of that a lot of the wrong materials had cut back in production to basically hedge against a glut and now we have a short supply routes here are those you can't just create them they take a while to mine or grow depending on what you're looking at and the supply disruption maybe at some point is lead itself over time as people start to come back but at the same time it's going to take a while now i think to really cycle through and get back to being able to produce some of these wrong the tiriel so the short answer is i think transitory is very much going to be defined by the time frame and i think we could be looking at at least a year to 2 years maybe 3 before we start to see production come back and alleviate that short supply with the high demand ok so speaking of sort of the messages that we've been getting from the federal reserve them trying to keep everyone calm we
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know that we're also waiting on the minutes from their latest meeting and they're set to be released this week is there any chance of the fed raising interest rates or making significant changes to their policies that are different from what we've seen over the last year. well of course there's a chance but if you think about the situation there and probably read many of my top 3 unfavored jobs to have right now would be to be drawn power working at the federal reserve because he's really in a tough spot if he even into mates as raising the rates with the economy coming back but still relatively fragile and then there's still the question mark of what happens after we come back to keep growing then he really puts the go bosh not only on economic growth but he also put it on the markets at the same time if he doesn't guys we're seeing with gold and silver particularly rallying like crazy today he's really taking the chance of inflation getting out of control so i am going to be a very interested see what he says but i'm expecting him to keep it sort of low key
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and still use that word transitory right inside of those areas michel snyder thank you so much for your time thank you rachel. time now for a quick break for we come back big calling balls to its lowest point in the room nights so how that's the latest tweets from you on the job and then power water. and as we go to break here are the numbers at the close. of the old.
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well the pandemic no certainly no borders and just blind to nationalities. as americans we don't have a territory we don't have a back seat the whole world needs to be. judged as comedy classes system to. do better we should. everyone is contributing to each of our own way but we also know that this crisis will not go on forever the challenge is creating the response has been must so many good people are helping us. it makes us feel very proud that we're in it together. like when you all know it's come to expect that. if somebody would've been told to
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spend my life it took time to get out of this good person with salt it was clear. 2 every night over we were attacked by the arabs we were attacking them and we will extremely sure. but that's not possible oh he doesn't have to do such scenes and then the soldier said i suffer from the snipping the roosevelts well. without the prisoner with all to go through the day i. believe much 2nd class citizens in the. truest like and i think in my head. to be able to be together without. a.
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bit coin is down nearly 30 percent from the all time highs we saw just last month amid new criticism from you all must. go fueled speculation about whether he was planning to sell off his company's 1500000000 dollar investment in the cryptocurrency before simply tweeting quote to clarify speculation has not sold any big calling so joining me now to discuss. and crypto analyst christy i already kristie how is the big community reacting to these tweets from you on must i mean is all of this price action because of him. you know well even want a controversy so now he's a liar this entire p.r. stunt by must has just been 80 otic iran has basically doubled down on endorsing
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something like i'm going to himself as a father basically a little joke and claims to be working with this nonexistent development team and integrating the cryptocurrency into space x. so let's be clear when i was a joke it's a mean coin that no one took seriously because it will be fun even didn't create it didn't work on it contributed absolutely nothing to it except lend it his influence and followers basically like how cardassian champion their diet drinks to get sales so he championed those quiet while criticizing it quite so when podcast host peter mccormick called must the perfect troll say his very poorly informed criticism of it while support for something as useless as don't wish money it really touched a nerve with musk who added more fuel to the fire so he tried to rebut asking the community if they've ever heard of pay pal to kind of a search his superior understanding of money but was then once again silenced after
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michael saylor of micro strategy who answered him by highlighting the differences between pay pal and stating that the world needed to be centralized secure deflationary store of value so much more than it needed a centralized less secure inflationary medium of exchange so now there's actually a petition for him to actually sell his quite holdings so there's a petition on change dot org that's currently gathering signatures to make it on divest himself of his personal stash of decline louse of bitcoin community of not having it and i know it wasn't surprising to see you on most get in a bit quiet and what was surprising to have been how much weight you give put behind those coins all of a sudden specifically trolling the entire industry he's a giant troll i can't think of a more perfect word to describe it. a lot of questions about how he thinks that that's going to work for him in the future but ok one of these concerns that he says that he's bringing up about bitcoin is related to energy consumption would you
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say that's a legitimate concern. so i think this thing about energy consumption that's also bull because that's clearly not a concern of getting that he's building rockets like actual rockets that spew huge clones of c o 2 carbon so it kobrin lots of sockeye chlorine alumina although very severe compounds there minos also trace amounts of various other harmful gases and particulates that let's just stay on those nane ones that come out of that iconic sorry plume on the lauch so all of those gases nitrogen oxides sulfur oxides and carbon monoxide those are pollutants so much of smog that we have chlorine alone and nitric oxide that destroy the ozone they also cause acid rain which is really bad for marine life and trees and basically anything living then you have c o 2 soot and they are that are greenhouse gases that absorb more heat and cause radioactive for sinks and contribute to global warming and meanwhile the batteries he produces are a product of heavy lookin mining which also harms the soil pollutes the groundwater
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and contaminate the air so this entire argument is really hypocritical must doesn't care about the environment at all it's tweets are merely a p.r. stunt to be controversial and manipulate the price a big one for himself and if friends so they can accumulate and as he reiterated monday morning because i haven't sold any at all so they're still holding and likely accumulating and here's the thing in addition to jack dorsey saying that they will actually improve sustainable energy billionaire mark cuban is also voicing out saying that crypto currency is including bit quite well actually help the environment because keep in sight of the industry has become the near equivalent of nuclear waste dumps that must be candid into perpetuity because hard rock mining generates more toxic waste than any other industry in the us and he also cited that bitcoin network of change 74 percent of its electricity from renewable sources and then another independent study points energy usage stands at
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114. terawatt hours while the banking industry consumes over 260 karawaci hours each year and this report was came out on friday which provides open source access just methodology and calculations so in conclusion shrinking big bank and when you say it will actually benefit society and the environment excellent points to consider here and i hope that a lot of us give listening to this one in particular christiane thank you so much for your time today. after a 6 and a half month journey from planet earth china makes its 1st mars landing the rover named after the chinese god of 0 will be in search of life for about 3 months argues natasha suite has more on this historic landing. as china landed a spacecraft on mars for the 1st time on saturday flying to the control center over joined invoicing one another according to the china national space administration
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touchdown was at 17 in the morning beijing time it was a bit of a to late for mission control in beijing to confirm the release of a heat shield an oversized parachute to better secure the props to send these both must be deployed at very precise times to ensure proper living in a particular spot the heat shield protects the spacecraft from the scorching temperatures of mars parachutes and rockets help the spacecraft to slow down to prevent a crash landing given technology is very different than what's needed to land on the moon while still a large feature the moon only requires many retro rockets from landing in the rover plans to inspect the red planet for 90 days before the next few days the rover will remain in the lander for diagnostic tests it will then explore an icy part of mars known as utopia plenty joining an american one that landed there back in february china is the 3rd nation to land a rover on mars the u.s. has had 9 successful landings on mars since 1976 the soviet union landed on the
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planet back in 1971 about the mission was short lived now so expect the american rover that landed on mars 3 months ago to collect its 1st sample in july it's expected to make its return to earth in 10 years time it also says it wants to land people on the moon potentially building a scientific basis there and a space plane is also reportedly in the making and however no timeline has been released for these potential endeavors reporting for boom bust of tosh suites. that's all for now. well you can catch broom boss on demand by downloading the portable t.v. app for apple or android device was here next time and as always don't forget to question more.
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join me every so sleep on me all excited i'm sure i'll be speaking to us in the world of politics or business i'm show business i'll see you then. new york is really what america is about. when our mayor took office he was elected because of his campaign on our city being a tale of 2 cities nabs and have not and those who have not are usually the ones who wind up being very hard on the city has always wanted to forget about iowa city has wanted to forget about the people who are buried there wanted to forget about
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the fact that there is a potter's field but there is a place where difficult stories are yet the fact that we're using inmates to maintain this act is very a site where 1000000 souls are buried where so much of new york city's history is buried is that he meant of the inequality that existed in this city for centuries. the world is driven by shaped. the dares thinks. we dared to ask.
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the number of victims grows as israel shelling a gaza or enters a 2nd week he speaks to a 10 year old girl who was witness to destroy. action of our own neighborhood every day at night or at even in 3 years the missiles in the mornings near the cries and screams of people i'm just crying every day china's bomb myself. i can't see. me while they raid sirens continue to sound in israel with their particularly vulnerable to attack the new owners and. it's. it's holiday time for this place keeps me strong and not upset the people that i love again.

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