in every family day, it's due to new viruses on new microbes. it's not true. so it is due to environment. they're not going to take either the momentum much time with abilene. yes, thank you. let me come in the day. no. they don't allow us. the food industry is that it will create more jobs, it will create more value added, it will create more. so i don't see why we shouldn't also fight for the interests of the industry that we have regulation. we want the regulation of the industry. and if we don't behave then yes, that's fine, the the the

message them, but when business show you can't afford to miss, i'm rachel watkins in washington, coming up the world's largest crypto currency exchange is banned from operating in the u. k. so why a regulator saying it was a long time coming, and how will this impact the world of crypto? we'll discuss. plot, johnson and johnson person and she was overjoyed, business agreeing to a 230000000 dollar settlement with the state of new york. then richard branson could be the 1st billionaire in face feeding, both just phases and you on last as he gets the green light from us regulators, we have a lot to get to. so let's get started. a huge shift in the crypto world, as by nan's, the world's largest crypto currency exchange has been banned from operating in the u. k. it is the latest sign of the growing crackdown on crypto markets worldwide. britain financial conduct a thorough said saturday that finance markets limited the u. k. division of buying

and is not permitted to undertake any regulated activity in the u. k. from june 30th the company which already offers brits crypto trading through its website, must add this notice for u. k. users. due to the imposition of the requirement by the f d. a finance markets limited is not currently permitted to undertake any regulated activities without the prior written consent of the f b a. so joining me now to discuss is, boom, moscow can crypto analyst been swan, r a been? let's start with the biggest question here. why did the u. k, take this step against finance right now? yeah, it seems like there's a, there's a couple of reasons for now. the regulator itself has not said why they did this. and by the way, i should mention that japan just did a similar thing as well. so, but you came to japan crack on a by. now, the reason for that though, is, seems to be, if you look at kind of the timing of this, as well as the statements that have been made,

that it all coincide with new anti money laundering rules that have been established in the u. k. regarding crypto currency, basically any crypto currency firm is required to register with the f c a and to also provide anti money laundering. take essentially steps to prevent money laundering. so what are those steps? what more than likely it's k y c? it's no your customer rules that say nobody can open an account without proving who they are, biling and filling out certain paperwork and all of that being turned over to the government. as you know, rachel, the crypto world doesn't lend itself to that. that's the crypto crypto currency is you're supposed to be able to open up wallets and hold tokens without having to disclose exactly who you are. it flies in contradiction to what many of these regulators actually want. and that's the biggest concern with all of this, even with crypt, currency is becoming more popular. is that a big exchange like this one can just be shut down by a government and that it can actually be successful. now we're seeing and i'll

salvador, that that coin is set to become legal tender on september 7th. and as part of that, the government is planning to give away as much as $177000000.00 in bitcoin to the public. so why is that, and how do they mean, how do they plan to make it happen? yeah, it sounds nice, doesn't $177000000.00? well actually it's not that much money when you really break down how much you're actually getting. so what the government is essentially done is they've broken it down so that every single person in el salvador who opens up a wallet is able to receive $30.00 worth of bitcoin. that's the goal here. so obviously lots of people equals a huge sum, but for each individual person, it's a small amount. the goal here to get people to actually open up a bit coin wall to establish once they actually have one. and then they begin to be able to use that. we should mention that the alpha l. salvatore and government is making it very clear that if you already have us dollars, because for those who don't know us dollar is the national currency. you know, salvador, if you do not, if you already have your, you know,

in your bank account us dollars, they're not going to convert that into big coin. they're not forcing bitcoin on the country, but they are trying to get the country to do is begin using crypto currency and begin using bitcoin specifically as legal, tender. and so the best way to do that, if you're trying to get people to use it, if you're trying to get merchants to take it, if you give everybody some and you say, go out to spend it, use it, you'd use it in some way transact with it so with less scary and you could actually have your wallet set up in a bath. so that's kind of the goal here. is a lot of eyes right now and exactly how this roll out is going to happen. and at the same time, when we're talking about bitcoin, we also have to mention it's more recent, falls below $30000.00 once again. and there are some analysts who are even predicting another crypto winter as they call it. so what exactly does that mean, and do you believe that that is where bitcoin is headed? no, i don't. i don't think we're headed necessarily into a crypto winter. so for those who don't know about 14 times since its inception, big coin has risen and then fallen to new lows and kind of goes for several months

like this. it's called a crypto winter, right? and a lot of times, by the way, those happen over the winter season streams. but what's interesting about this is the last time this happened obviously was 2017 right before i went all way up to $20000.00 dropped down to $3000.00 and sat at $3000.00 for some time before i started this new, this latest center that we've seen, now we're dropping again. as you mentioned, we drop below 30, we're back up above that again. the question is going to be whether or not $30000.00 is the new floor for bitcoin. and by the way, if it is, that's pretty great for anybody who invest back on it was $3000.00 just 2 years ago . or is that floor going to continue to fall? does it become $20000.00? if it, if it falls all the way to 20, then you have an issue. but the issue was not long term. the issue was short term. how do you, how do you keep bitcoin moving? well, that obviously requires investors that requires new money to come in and new users to come in. but i think overall, because as we talked about so many times with the institutional investors, it's not like blocking technology is going away and big point is not going away.

but the question is, where does it find its new floor? i believe that floors around 30000, we'll see what actually happened. and i know that coin is one of those that you've been following for years. you've survived the crypto winter, all of that continues to provide coverage. so does it seem like there still is continuing to be more and more interest encrypted as we go along? yeah, i think there is more interest in it. but again, you know, what i try to remind people of constantly with this is that crypto currency, the value of that is not in the currency is in the technology, the underlying technology. so when you, when you think about crypto currencies and there are so many of them out there, you have to consider the fact that different crypto currencies have different utilities and does the coin actually have a utility? if it does like, like in the theory, i'm right. if you're getting into a theory, i'm get into that and hold onto it. don't, don't get scared because you see if there was price drop a little bit because long term theory has enormous value through smart contracts. it's utility,

it's usefulness is what gives it actual value. so that's why we'll see any kind of currency that has the utility usage will still continue to rise. and certainly if there's anything we can say about the crypto world, it's never boring. that's for sure. then so on. thank you so much for your time and insight on this one. thank you. b, as a delivered a stirring message to boeing regarding the future of its triple 7 x. while the company is seeking certification for the model, as soon as possible, federal regulators say it likely won't happen until late 2023, and a letter revealed by the seattle times the essay noted a litany of concerns including a serious flight control incident during a test back in december, 2020. they said boeing has yet to satisfy officials by showing that it clearly understands the problem. there was also a list of both hardware and software concerns that will likely make the triple 7 x wait until at least 2024 to be cleared for commercial use. that's 4 years later

than originally planned. the u. s. dark market was a little bit all over the place as it started the new week on monday, tech stocks and the nasdaq to a record high while energy and transport stocks costs down more than 150 point. so what does it all mean and how are mean stock still playing a role in the market? well, joining me now to discuss the latest is joseph gisy, founder and ceo started the marketplace. now joseph, it is been a good day for apple, amazon, and tesla. so what is fueling the return of these tech stocks right now? well, there, i think it could be a few different things right now. i mean, 1st and foremost, most of the volume left check and went over and value and went into some of the industry that we were supposed to see for growth coming out of the pan demik. so a lot of that volume left and i think now they're starting to see it come back,

especially since some of that conductor shorter that we had early in the year. a lot of it was found to be the ways around that. or they found different way to, to get the semi conductors that they need. the 2nd thing that could be few on it. we had a lot of people miss out really on the tech market in the tech boom when kobe hit. so there's this fear missing out if kobe may come back again, and the only reason they have that fear is because in asia right now, or they're hearing about this other variance attending with, with cobra. and especially in asia, that could be another reason why they're wanting to get back into tech. so we just saw it leave, you know, the travel industry and, and the retail industry and move right back at the test just from the last bullet point. and i know there is a lot of concern when you're looking at everything that is happening all around the world, especially when it comes to those new covariance and how they're having an impact on possible locked down. now we're expecting everything from earnings reports to job reports to federal reserve, minutes,

all within the next week. and it seems like the stock market has relied mainly on those a low interest rates, even as prices are increasing all around. so why do you think we're not seeing more action and is that likely to change in the near future? yeah, you know that it's really funny every time the federal market committee gets together and they, they come out with some type of announcement. it seems like the market react that day, and then a day or 2 later, everything bounces right back. but what's really, we're just doing this unprecedented time in our economy in our markets and everything that's going on. i mean, you have, we are growing. i mean, the market is up for the year, but it wasn't growing nearly as fast as what people predicted coming out of the pandemic. but then we have the lingering issues, like we just talked about with cobit in asia and, and possibly a very coming out. you also have all the stimulus money that was printed and a lot of that have been spent by this point. we still have this trillion trillion dollars with us bad,

or the government did print. we also have this looming inflation. you know, threat that people are worried about. so you have all these variables that are going to play right now and i think keeps having to investors on edge from going all and in different segments. the market. yeah, certainly seems that way. now of course, we can't talk about this year without talking about the mean stocks. and as we saw after read it, users cost hedge funds over $12000000000.00 and losses will. now report are saying that hedge funds are finding back by paying more attention to which stocks the internet is favoring. do you think that that will be enough, and are we likely to see a repeat of the game? stop saga anytime soon? hey, i love the little guy beating up on the big guy just as much as everyone else does . could it happen again? absolutely. you know, what has happened with the me, stocks and wall street mads. yeah. and the read of users is that they manage to band together. and when you have enough volume and you have enough momentum and

money behind you, and your flow in the market a certain way, as it's proved, you can definitely, you know, do a little damage and then we're going after some hedge fund. now the hedge fund managers are smart about this, this is why they now hire people to scary the internet and, and make sure that they can see what's trending to try to stay on top of that. but we do have to realize right now those, those big hedge funds are the big institutional investors. they really do have this thing down packed. so it's going to be tough for the david and goliath story to continue. but it will continue throughout the future for sure. yeah, what a job that would be to get to just re read it threads all day long and to try to see what all of the internet users are talking about in scheming and all of that. now i want to touch on one thing that you mentioned earlier, which is that when it comes to the stock market, we keep seeing record high after record high. and some sect experts are now warning that investors are expecting too much when it comes to returns. do you think that investors are taking that into consideration?

and what happens is, is trying to actually comes to an end anytime soon. no, they're not. they don't take that into consideration. i mean, as investors, you know, when you get into the market, you're expecting to grow, you've heard over and over again that the s and p, since the inception has grown 10 percent. now you do have to remember that's an average. and so most people have that in their mind that they're always going to grow 10 percent. but in the reality of it is that the markets are cyclical and we're going to hit bare markets cope. it was not the bear market that we've been waiting for. we're waiting for the cycle to happen, where we do started in a period of bad years and that could be one year that could be 3 years. it could even be a last decade which we've had in the past. investors are not typically prepared for that. what i tell our investors and people that work with us, i say look, you have to get into something that's more tactical and you have to get into something that isn't necessarily buying holes. you gotta change it up a little bit. use some of those,

all the rooms that are awesome out there that the hedge fund guys, and some of the wall street best guys are using now get into something like that to help you win this. this bear market that we all know is coming is eventually going to happen. certainly seems to be the case. excellent points to consider here. joseph jesse, thank you for your time. johnson and johnson has agreed to a multi $1000000.00 settlement with the state of new york. the announcement coming just days before a trial against several companies, including j and j, was set to begin this week. that trial blames those companies for fueling the opioid crisis across the country. archie is trinity chavez has the latest from new york. pharmaceutical giant johnson and johnson has agreed to pay a $230000000.00 pay out to the state of new york, settling claims if you're an opioid addiction crisis. still, though the company admits no liability or wrong doing as a part of the settlement, the company will start processing opioid related claims and begin allocating payments to victims and their families. new york state attorney general leticia

james saying in a statement the epa demick has wreaked havoc on countless communities across new york state and the rest of the nation, leaving millions still addicted to dangerous and deadly opioids. johnson and john helped fuel this fire, but today they're committing to leaving the business not only in new york, but across the entire country. the settlement bars, the company from promoting opioids and it confirmed it has ended distribution of such products within the us. johnson and johnson playing down the agreement saying in a statement, the settlement is not an emission of liability or wrong doing. the company remains committed to providing certainty for involved parties and critical assistance for communities and need as a part of the $230000000.00 settlement. the company will allocate payments over 9 years, which will go toward opiate education prevention and treatment, j and j. could also be responsible for another $30000000.00. if new york passes a law that created an opioid settlement fund, approximately 800000 americans have died in the last 20 years because of opiate

abuse. meantime, the new york case against the makers and distributors of opioids goes to trial this week. johnson and johnson will not be a part of that suit since had just settled, but it says it will continue to defend itself against any other lawsuits. if the final suit does not resolve reporting for boom bus to trinity chavez, our tea time now for a quick break. but when we come back, who will be the 1st billionaire in space will tell you why richard branson is signaling that he may be both jeff said, those and you on musk in the very near future. and as we go to break, here are the numbers at the clothes, shoes . ah, ah,

when i would show the wrong, when all just don't the rules. yes to see out. the thing becomes the after an engagement equal betrayal. when so many find themselves, well, the part we choose to look for common ground in the media, a reflection of reality in a world transformed what will make you feel safer. tyson lation, for community you going the right way? where are you being that somewhere which direction?

what is truth is faith in the world corrupted. you need to defend the join us in the depths. will remain in the shallows. ah, it doesn't, you know, provision on my back on that i would have been under state like, obviously one. okay. your trucking. yeah. so you'll have to, i lost his boss because i just got the problem. you just gotta read you the, i'm on my cell, my daughter. so i was just, you know, with him i pull up, i got, you know, just, i mean my, almost what i'm already, whatever spits up i read me, just go out. and i remember when i went up there and i really here,

so i just don't get on to split the video to santo that i'm one of this. but i'm like honestly this is what it is. i'm looking for my family to go to kind of all my just part of it. yes, it was a total good thing i was calling with you and your team, samantha katie. yeah. my thought allow me just go out to the the current ships are back in working to repair their image after several colbert outbreaks brought business to a halt. but it was carnival and rural caribbean stalks that were down to start the week after reports of more covert cases aboard their ships on thursday to passengers on the royal caribbean adventure of the seas ship tested positive during routine testing that you were unvaccinated. children under the age of 16 and were

forced to quarantine before december parking in the bahamas and returning to their home in florida. ro, caribbean requires all crew and passengers above 16 to show proof of vaccination except for ships leaving from florida and texas due to new laws. and those states to people also tested positive aboard a royal caribbean ship earlier this month. and the launch date that for july 3rd has been postponed until july 31st. 2 after a crew members tested positive from one area of travel to another, the world of space tourism is heating up. as the virgin galactic gets the green light from us regulators the new the sparking reports that the companies founder, billionaire richard branson, could make his day view in space as early as next week meeting both jeff bases and you on mask. so joining me now to discuss is erin pay go adjunct professor of business strategy with

a focus in space commercialization. and it's great to have you on the show today. and it appears to be the race of the billionaires right now. i mean, we've got jeff phases saying that he is going to on july 20th, that will be the launch of his blue origin. now richard branson is signaling that he may beat him to it. i mean, is there more at stake here than just bragging rights? at this stage it's a lot of bragging rights. to be honest, this was a very long relay race. branson gone to the game in 2004 when he purchased the technology around spaceship, one from the x prize, blue origin got 32000 and it's all been about space tourism for a very long time and they've all put a lot of work into this technology showing that safe, that it does what it supposed to do. and now it's about showing that it can be done and claiming that title for themselves. so i'd be hard pressed to look for another example at this stage, that it's other than bragging rights. and of course,

everybody wants to be the 1st bullying or even the 2nd millionaire. now when we're talking about version galactic, it now has its approval from us regulators following a successful test run last month. they say they have over 600 reservations for 90 minute flights. that cost $250000.00 a ticket. do you see those prices being reduced in the future? or is, is meant to be the ultimate novelty experience. well, so just to be clear about the price on this virgin galactic is put out that price of $250.00 k, but the rumor around lawrence price proceed is probably gonna be around $500.00 k. at least that's what we're on. the street is at the moment, so these are big numbers, right. and there's a lot of pent up demand around being able to experience space as a private citizen or someone who's not a part of the space program. the price will go down at some point,

the curiosity that i have around price in this regard is that a lot of this is about yes, a novelty experience that is highly valuable, coveted and really impactful for across the board. but what's going to start happening once we have these 2 firms that are sending up regular flights that understand their turnaround time are figuring out their costs and are trying to add value to experience the price will go down. i personally understanding the technology and the costs evolve, i think, and judging by the price points that blurred you might have and what version galactic is saying, version go out to, can reduce their price further and maybe do more and be able to accommodate large, a higher quantity than what large and can do, but for now those prices are going to be pretty high, and i don't think they're going to drop below 6 figures for a while. wow. half a $1000000.00. that is no joke, especially if you're talking about just an hour and a half, or even a few hours when it comes to this whole entire trip. okay,

so now we're seeing that version galactic has the green light. so is it likely that space x will get federal approval following their upcoming test launch? well, these are different, different races in this regard. so space, exc, its current request for approval is around deem to do an orbital launch with starship and doing that from boca chica, their launch facility in texas. so you know, likely they're going to get approval. the question, i think that might be the most salience and relevant is will they be able to get approval in time to launch in july? you know, we talked about the bragging rights for the billionaires. there only this last week did glen shotwell, announced that space x would like to try to do this 1st over the launch in july. and part of that i, i can't discount the possibility that they're trying to take a little bit of the wind that jeff pays as the sales. yeah, no kidding. i can see how that happens when it comes to this race. okay,

so right now these companies are rolling out short flights. that include time at a height that nasa recognizes as space. is this just the beginning and are we likely to see flight further into space in the near future? we will see flights further into space near future. it kinda depends on what you've defined as near future next 5 years, possibly space x and the, and starship and, you know, they're really rapid development of this technology signals that, yeah there's, they're saying that we're going to go to mars with that. but really, the near term applications could be tricky on the moon could be just simply a, a couple day orbit inside of a space starship could be a substitute for airlines from point to point locations on earth. you know, version galactic and blue origin are targeting space tourism very specifically with this sub orbital option which they now approval for. but you know,

but the space x is not far behind with, from a much bigger value ad and a lot more utility with their technology. now when it comes to the billionaires that are wanting to go up there themselves before we go, is it one of those cases where they just want to try it out and see what it's like? are they helping, hoping that they are going to build more loyalty and trust in their brand or bit of both? you know, by signaling the day think it's safe and are willing to take that trip on their own . that's definitely a strong signal to investors and consumers. but also, i mean, space is cool. we can't deny it, like they want to experience it. and these are the guys that get to make that choice with all of the billions of dollars that they're investing in. and i'm sure they want to be the 1st ones out there, great inside. as always, aaron cagle, thank you so much for your time. that's all for now, you can catch broom bus on demand by downloading the portable tv app for your apple or android device. we'll see you here next time and as always, don't forget the question more me

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