to the shiny facades conceal of deep indifference to the people by gonna say that they would take an action. absolutely keep the registering and keep the slot machines doing. this is a money machine is a huge cash register that is ran by people who don't care about people's lives being lost. welcome to mac or financial survival guide. looking forward to your benefits. this is what happened is the benches in britain still at the top of you watch kaiser report the this is been going visit show you can't afford to miss. i'm rachel blevins in

washington. coming up. robin hood has been on a roller coaster since is listening last week. we'll take a look at what's behind the changing crisis and how traders on read it are playing a role in the company's performance slot. plan for vaccine passports in the us and europe are sparking privacy concerns. well, discuss what's at stake and with the way this rules will mean for local businesses . that in the face of rising inflation, the bank of england decided to stay on the same course for now. but how is it responded to accusation from lawmakers that it is addicted to buying bond? we have a pack show today, fullest dive right it. we leave the program with the latest on the wild ride that has been robin hood's 1st week. listed on the nasdaq, the company stock last nearly 15 percent on thursday, but that's after it surged as much as 82 percent on wednesday, marketing gains of 126 percent in just 2 days. robin hood also became the most

mentioned stock on red it wall street that's forum. and the conversation continued as a new filing from robin hood, revealed a plan for early investors to sell up to 98000000 shares over time. so joining me now to discuss the latest room, co host, christie. i know christy, let's start with robin hood lackluster. i. p. o debut. i mean, why was interest in it so low last week? well, institutional weren't interested in robin hood for one simple reason. the fundamentals in low grade, and that's because institutional, they still trade on fundamentals and earnings. they actually still trade on that versus the retail, which trades on hype and fomo. and basically the old mean stocks. so as an appeal, most of these chunky blogs went to institutional and they just weren't very interested because the financials, they didn't look appetizing. and so last week, when they act, when the 1st earnings, as a public companies were relieved, it showed once again that earnings were again lack luster, livelihood thought

a search and retail trading during the q one back in march, where it peaked and recorded a profit of about 331000000. however, things slowed down substantially in q 2 and so trading from the ended in april and then dropped to a low of may, which is the lowest since last october. and now this is really interesting because it's actually perfectly coincides with the stimulus checks, peaking, peaking, right after june. so this brings up a very notable question, which is what is going to happen to all of these retail traitors once all the free money from the government drives up. and then the other very notable thing during the earnings is that they saw the earning portion contributed by citadel also, shock, citadel, contributed a whopping 43 percent back in q one. that portion has now shrunk to about 35 percent. and this is very concerning for an institutional investor because one customer makes up such a large base of its ernie that is very disturbing. that ones that starts shrinking

. what happens when a dedicated options market maker decides to come in and eat into robin hood share. so basically take it all up. so that is just another risk factor that institutions are evaluating whether or not to invest in a name such as robin hood. and it also makes you wonder what happens when the interest in it dies down because it's one thing when it's brand new, or in this case we've seen this giant leap over the last week. so when it comes to that change, what changed on wednesday when robin has doc jumped a whopping 82 percent triggering 3 training hall throughout the day. well, the 1st thing was obviously kathy woods of arc invest, that she came out and said that she was acquiring a major stake. and robin hood and her firm has now acquired up to $250000000.00 worth of put. and that has also triggered a retail frenzy by and sparked a big jump in confidence amongst all the retail investors who started buying up the share as well. which puts the entire company market value up to $65000000000.00

from its initial i, p. o debut of $29000000000.00 last week. and now the 2nd reason and probably the more important reason was that yesterday was the 1st day that hood options trading went live. now this is very important because as you know, options give investors the opportunity to lever up and potentially earn outsize returns versus jen just owning the equity stock out, right. so the most actively traded option contract was actually the $70.00 strike contract. and so once you have that, you have a phenomenon called a gamma squeeze, which is what happened yesterday. again, a squeeze happens when option dealers start buying at the underlying stock as it rallies in order to hedge the fact that they are writing all of these calls. so basically, you're having a self perpetuating cycle. the retailers are buying the option calls, the dealers are selling the calls, and on the other hand, they need to buy up the option they need to buy up the underlying stock in order to hedge their own book. so it fuels the rally,

at least in the short term. so it's absolutely no coincidence that the stock actually closed right at $70.00 last night. and today at the market open, you have now option dealers ready a $170.00 option. so there is a potential that we have another gamma squeezed up to $170.00 at the retail momentum remains strong. and that could set up a further run for the name. that is fascinating. ok, so we saw that rally yesterday. now today robin head is thinking after investors while to sell stock. so what is the latest on that? well now today we had a very shocking piece of news, which is our early investors are looking to sell as much as a $100000000.00 shares worth of class, a common shares. and this is something very unusual because typically in regular i p o, there's a thing called a lock up period which usually happens for about 6 months. and this prohibits insiders and employees and owners and shareholders from actually selling the stock initially at the i p o in order to cash out. robin hood did not have the covenant

unfortunately. and this was another reason why institutional they were kind of detracted from this because institutional want to see a very solid base of holders. and the fact that now literally a week after the i p o and literally a day after this arc and came out and support the name, you have a ton of insiders dumping what a mounts to about 11 percent of the entire out standing float. now that is a very, very significant, chunky size float. 11 percent of robin hood is now being traded. and so this creates a lot of turn in the name and institutional investors. they don't like names that have a lot of turn because it creates a lot of uncertainty. it creates a lot of volatility in the name. and once again, it shows that the core base of holders to actually kind of flaky and they're not a solid base of reliable holders, which is what a company wants. so in this case, the holders that are selling out have been all the vc holders, such as any a iconic as well as andresen horwitz. that's really interesting to know. i also

want to ask you about another issue here, which is what we've seen on red. it we heard before, robin hood went public, that registers were saying that they were just going to ignore its ip altogether. has that tied, changed at all? well read it or initially did ignore robin hood because of the fact that robin hood was the reason that they got burned previously when they restricted the trading of names like amc and games talked about it absolutely furious because they thought that games are that robin hood was actually working hand in hand in tandem with other big wall street names like citadel and screwing out the little guys that they propose to, to that purported to support. so rather than actually quite furious with robin hood and it really wasn't until yesterday, after kathy woods came out and said that, hey, this is, this is great. we have a very high price target. we're going to be acquiring a big chunk of position. so ready to basically solve this as an opportunity to ride the wave up as well as renters also saw the fact that literally it was the 1st day

of options training. it was a very easy way for them to spark a rally spark a squeeze. and as you know, this is the game that retail traders like to play. they play short squeezes, they play gamma squeezes, they play delta squeezes, very obvious, technical positioning to be and for very, very small float. yeah. most christie, i thank you so much for your time. and insight on this one. thank you. new york city has begun the 1st city in the nation to require proof of vaccination for most indoor activities, including indoor dining, working out at the gym or even seeing a performance. the announcement was made by mayor, build the blasio on tuesday. now this move will be the 1st of its kind for a major us city. meanwhile, in france, there are large scale approaches taking place against the countries health path, which is now required to access bars and restaurants and many tourist site. so how does that all work and what are some of the concerns are running these passports

for everyday life? joining me now to go further on this, our boom, best co host, an investigative journalist, been swan. and jeffrey tucker, founder and president of the brownstone institute jeffrey, let's start with you here. what are the privacy concerns surrounding this moved by marriage? diblasio in new york city for new york for new york, for citizens of new york, once again beam bludgeon, you know, they can barely recover. i mean, right now i was just there, it looks like, you know, the don after the, after the apocalypse or something, people are struggling to live in normal life. and then this announcement comes up. yeah, i mean, just tremendously an invasive. i mean, the vaccine alone, you're not going to be able to get it unless it start, it gets walk and gets shot and you've got to provide. so security number, driver's license information, i mean enough information to provide for identity theft. so that's already on the health records and the health record gets put it over to the, to the app, which is, you know, and the data is basically more or less owned by

a private company with no real restrictions legislative restrictions on what they can do with the information governments restricted, but there's private companies not so there's a lot of questions about the privacy implications of this. and then the scale ability of the app itself. you know, they're probably talking about excelsior to, so they're going to be adding more information. and then the boosters are going to be in there and, and you know, next thing, you know, you're, you're landed in a china social credit situation where have crazy except nothing crazy anymore. nobody would believe that new york would have, would have done this with some little thought as seemed to be just a response to headlines and political pressure. and really just political signal in that the blogger did the diblasio, the most popular mayor. and you're on record and the other here it is. so it's a, it's an overwhelming world. yeah. and you know, it's funny because they tell you it's just so easy and so simple and convenient. and yet, at the same time, you're not thinking about who you're turning that data over to or even who has

access to it. now ben, whenever it comes to the people who are going to be asking for these super easy, convenient q r codes. i mean, there are many who are applauding to diblasio decision, but concerns have been raised as to how the move could financially impact affected businesses. i mean, will this harm businesses at a time when they are just trying to recover? i think it will harm businesses. i mean, you have to go 1st of all, who's going to do the enforcement here? the enforcement is all going to be businesses, which means business owners are going to have to be at conflict with any customers who come into their place who either haven't been vaccinated or don't have the ability to prove they've been vaccinated. remember this excelsior pass that's already been launched? not everyone has signed up for it. not everyone's able to do that. so if you push this through and say by september, this has to happen. you're going to have people who either don't have themselves listed properly, or they go into a building, they go into a restaurant,

they go into a store and the app doesn't work properly. and what do you do at that point? as you, as the store owner, do you kick people out? do you allow the customers to say so it creates a whole kind of mess that you're asking the business owners to be in charge of. it's unfair to them. oh, absolutely. i mean, you think of all of those viral videos of people being asked to leave. restaurants are short because they're not wearing a mask. will imagine what happens if you have a reservation for dinner. all the sudden your q r code won't come up. there are a lot of issues there, especially when it comes to those businesses that are just trying to get by now jeffrey, on another token, we see this happening in france right now, where people are being required to carry a health path. which frances high court just rules as legal, is this something that could come to the u. s. as a whole? i think it could, and there's so many strange aspects of this. the most extraordinary to me is the

astonishing i'm time to pick, neglect of natural immunities. you know, there's probably more than 100000000 people that are covered in this country and all those kinds of literature. so, natural mean it is a very robust for those down to tell you the pharmaceutical immunities that are being registered by government. so which makes people naturally suspicious, you know, it's a complete mis out there that somehow the backside there are ignorant or, or just haven't got the right messaging or some of these, these are rational decisions. people are making either to they, they say, think there's greater risk to the vaccine than there is to, to catch them covered. or they're aware of the, all the live transparent and the scientific lives for metro immunities. so this isn't gendering a lot of anger. i must say, so you've got 2 levels of invasion here on citizens, whether the u. s. or france, or anywhere in the world. you've got the pure biological invasion of the vaccine itself, which is quite personal, quite intimate. you're coughing up

a lot of personal details there. but yeah, the and the invasion of your privacy now where you're turning over all this private information to 2 organizations with whom you otherwise have no context. so it's 2nd, next level of something that doesn't seem to fit with our normal liberal ideas of how society should work. and you think about how quickly all this transpired. i mean, this is all happened in the, in the course of really a month. really, it's quite shocking a year ago the people are talking about vaccine passports, that sort of stuff were dismissed as, go wild tinfoil hat. conspiracy theorists, well, these days just wait a couple months, even a couple of days. and it's all going to be true and they're going to say, well, that's of course what we always favorite, but it's a very alarming. and i think it's in gendering, a tremendous amount of public anger happens. let anger, it's going to be interesting to watch. one, speaking of that, public anger, i mean, ben, i know that you're there in greece and you've been traveling throughout europe.

you've seen a lot of these protests against these mandates against the passport. so what are you seeing in terms of those health passes in european countries and how do they work? yes, so a couple of interesting things. you know, jeffrey made an important point about natural immunity. so if you travel as i am between spain and greece and france and italy, you go into these different countries. one of the things you'll find is that in europe, they do not dismiss natural immunity. in fact, it's part of that process. you can either show that you have been vaccinated. you can show a recent p c r test that shows that your negative for cobit or you can provide proof that you have other anti bodies in your system that are naturally occurring. or you can show that you recently recovered from co, but that's something that's not happening in the united states, and it is happening across europe. and i think that there's an important distinction there, at least in europe. they do recognize that yes, in fact, the antibodies that you get from having contract and covered are better immunity than the vaccines, which in israel right now, we're requiring

a 3rd shot just to be able to consider yourself fascinated so we are seeing that. and then also one of the things that we're seeing is those health houses. and ultimately what's that, what is that going to mean the difference between being a citizen and a tourist? because if you are a tourist, you just have to take a rapid p c r test and you can get into all those sites that you want to go see. excellent points against that are here. pence on jeffrey tucker. thank you both for your time. thank you. the time now for a quick break, but when we come back, the bank of england says it won't make any changes to interest rates from now. but what's the u. k. central bank have to say about accusations that it is addicted to buying bond. we'll discuss that, and as we go to break here, the numbers out the clothes, shoes,

me, anybody resistance is a real problem, because we can go back to what they call the pre anybody here, reactively become post antibody any, you know, a lot of countries, particularly countries like india, china developing countries on low income countries that have particularly poor water supply, the resistance level, there are astronomical, you know, the common bacteria, like a lot of technical purposes. untreatable i believe it doesn't look like this is off the field. you actually puzzle. so can you through

that actually use them sheet, which is a bit me oh, could you see? but yes, i would continue to tell you because it was in the sky famous from a credit issued by both of us. choose the welcome back. the bank of england said that will continue to keep its monetary policy unchanged for now, while it looks gradually pulling back on the aide, put in place at the start of the pandemic. but that's not before the bank warrant of a more pronounced period of inflation in the near future. for the 3rd month in

a row, the central bank raised its forecasts for inflation projecting. it will reach 4 percent in the 4th quarter of this year and stay there through the 1st quarter of next year. all of this while projections for the u. k. g d, p, remain below pre pandemic levels. so joining me now to discuss is hillary ford, which president of straw mark l l. c. hillary is great to have you here on the show . now it's another month, another announcement for the bank of england and not much has changed so surprise you at all. i will pleasure to be back with you rachel, was away. i don't think so. not really as far as i'm concerned, but also if you look at the global institutions and if you look at generally the, the reaction currency wise, is a good indicator of whether things are caused gyrations or not. the pounds stay pretty steady. it did raise rise a little bit too. i think it's like 139. so there's a little bit of an increase which showed the markets thought this was a sensible thing to do. i n g even said they didn't really think that interest

rates are going to be raised until about 2023 1st quarter, 23. so i think that this is expected in the marketplace and off to what we've been through the gyro ations and everything caused by cov, it a stability is key to continue with the optimism in the economy. yeah, certainly seems like they're trying to continue that stability now at the same time, if you're not without criticism, of course, we've heard from some members of parliament who are alleging that the bank of england is now addicted to buying bonds because they say that they're not going to pull back on those asset purchases just yet. now of course the central bank wasn't happy about that, but what do you make of comments like that? well, i think in many regards they have do cause to be concerned. they're not the only ones that sent it out. she microphone does, he's one of the policy mangle. make us at the bank of england. he was the one that dissented, also not to continue with the bond coaches and the asset postage purchases it out. she reminds me of what margaret thatcher said when she said that the problem with socialism is you run out of spending other people's money. the problem with quantitative easing that we've had and all this impact stimulus, money as well,

is eventually somebody, someone has to pay the spot and it'll be on children and our grandchildren. and so at some point it has to stop. the question is, when is the time right now? well, given the, as i mentioned, the current he said stable i think economically and for people's optimism and, and basically coverage. i would say to continue through this delta threat to a bit of stability as welcome at this juncture one. certainly they have reason for it now and they're going to continue to use those reason for as long as they can until that criticism becomes more and more. now when we're talking about the u. k. in this post bruckner era, one of the really big things here has been these free trade agreements. we know that working on one with new zealand and really kind of going after these non you partners what fully this there. well, there's lots of things happening. in fact, let's try to with here a few weeks ago, she has been in new zealand for the past week. she's been working with on a trade agreement that would actually be extremely beneficial. not just because it's new zealand with obviously common heritage, common history, common values,

common law, common law, no pun intended, to the law of common law and common. but also it's a real gateway to that pacific rim where you have over 12 countries that belong in town as academically for trade agreements. so this is like an entree point into all those countries as well, of which some of the agreements are also moving along. so she is now over 70 trade agreements. and prior to breakfast, there was 72 trade agreements that the you have with foreign nations that the u. k . was part of now up to 70. there's only 2 out standing. one of the things that significant about this rachel, i would say is president biden, and his administration might rue the day that they delayed on the trade agreement with the u. k. because once you k as some trade agreements with new zealand, and then it opens up that whole pacific rim and that whole pacific area for partnerships, there are going to be so many trade agreements and the ball is getting higher and higher because you have made such great deals with no terrorists from places like

new zealand. that's what it looks like. it's going to be almost no charge and very high standards back and forth. and you know, in the u. k, they can eat news even now. they don't need to have as much b from the us if we're not happy. so i think the biden administration should be watching this. i'm thinking, let's not drug golf feet anymore. now we gotten any indication from the, by the ministration as to why they are dragging their feet. i mean, the u. k. is one of their closest allies, was, was, i think, actually one of the things that, let's talk to said, and this is all paid over the weekend. she had said, you know, the whole globe is, is moving towards that asian area. indo asian area. i mean, india obviously some very, very well, i can honestly. i think one of the reasons that biden has his irish roots and ancestral roots, he was obviously if the above or ministration that said that he was against it and said that the u. k. would go to the back of the line if the u. k. lead in terms of trade agreements. so i think this is just probably a cultural boss in defense of biden's administration. they have had a lot on the plate with covered and many other things in the u. s. they're pretty busy. but nevertheless that you're right, it's a special,

a special relationship and it's a shame. they haven't moved faster, the seal the deal only because i think it's going to end up being not advantageous for the u. s. in the long run that it could be. and now lastly, when it comes to the u. k versus the you, what are tensions like there? we've got about 30 seconds left. okay. this will go on forever. it's not going to dissipate. the newest thing is this fee, it's not a lot of money. it's actually 6 pounds for anybody from the u. k. it's anticipated to effect about 40000000 travelers from the u. k. and to you, it's almost like a not a passport. it's a visa, like up to declare where you're from your background. no prior crimes, and you're not obviously a terrorist, etc. 6 pounds isn't a lot of money. i mentioned the currency rate earlier $139.00. that would be $8.36 money. anybody traveling? no one's going to talk to you if you can't afford $0.36. however, it's the principal to put something like this in place. actually, it's not just your opinions, anybody watching from the u. s. should bear in mind that putting this in the place of the u. s. travellers, i don't mean to be the cynic here,

but the reason i think they're really doing this, they need to raise funds. they have not done well during cobit, that policies aren't good. there is not as much entrepreneurship. they've not done well at all since breakfast and they're going to lose one of the biggest trading partners that they have. so i think they need money, i guess is the fastest way to raise it for them. that is even when it's only under $10.00 for every single pass that they're seeing, they're great inside. as always, hillary ford, which thank you so much for your racial and that's it. for this time, you can catch boom bus on demand on the portable tv app, which is available on smartphones and tablets, the google play, and the apple app store by searching portable tv. portable tv can also be downloaded on samsung, smart tv, and roku devices, or simply check it out portable dot tv will see next time me ah, ah,

i know what we would love you to log and you can can while we're on by now, i know i should know moment that should not be any legal mon, non negotiable deals on labels like the ones that are similar. and i have an association national before we get off the. so give me a minute. me get

a feel. i saw it in my in my name it okay, let's go to an area. here's a country that is suffering from inflation. they have a huge population of 200000000 or more very young people that are already online already on their fund. and the government is not really able to crack down, let's say, as you could see and china safe and all those things together. and you have a breakout, you have a breakthrough, you have the big point, standard emerging. and that's so exciting because it means that the world will be born again. it looks like it's going to happen in nigeria. one of the worst ever mess shootings in america was in las vegas in 2017. the tragedy a close a little of the real last vegas,

where many say elected officials are controlled by casino loaners. the dangerous shooting revealed what? the l v n p d really is. and now it's part of the stand machine to the american public barely remember that it happens, that just shows you the power of money and las vegas. the powerful showed that true colors when the pen demick heard the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care. so here's caroline goodman, offering the lives of the vegas residence. to be the control group. to the shiny facades conceal a deep indifference to the people, the vice gonna been saved if they would take an action. absolutely, keep the registering and keep the slot machines doing. this is a money machine is a huge cash register that is ran by people who don't care about people's lives being lost. the

the un announces an official intervention over claims of excessive force and brutality by police officers in berlin against anti lockdown protesters. put a police, says the demonstrators themselves were far from peaceable. i am sure that my colleagues acted in accordance with the law. in addition, more than 60 police officers were injured, they clearly did not stumble but suffered during the protest. permission for colbert vaccinated citizens of san marino to enter the block, leave most stock behind as their risk, as they've received russia. sputnik v vaccine which is not yet approved and the new microstates health minister tells are key that despite the japs proven.