well, i think you described them pretty well. they're off the top with a 36 percent decline since may is pretty incredible. we basically whether it's really comes down to guys is saw, the bank is struggling because of the fact that china has instituted these new rules for tech companies. many analysts look at this and say that china is essentially turning inward, becoming more nationalist than the weight and handling it's tech companies. and so that's not necessarily good for big investors who want to turn a big profit very quickly. it has resulted in some, some really significant losses for soft think something's not happy about that. they're going to stick around. but we're talking about obviously d, d, as you mentioned, is a big one where they're, they're losing money on that they'll, they'll continue to write it out, i think. but it is a very serious situation for investors who are looking specifically at a, at a market such as china and what it means to be involved in the tech space there. now. but there's also been a serious amount of difficulty when it comes to one of the all time largest investments in that alibaba. what has happened there?

yeah, alibaba is a very big one. now, keep in mind, something has this thing called the vision fund, right? it's a $100000000000.00 fund, and essentially they're taking that fund and they're using it to find, you know, start ups and tech companies, for instance, like dd, right? the one of the largest ride sharing companies in all of china. and so the vision fund that $100000000.00 elevation fund does not include the most successful investment of all time for soft bank, which is alibaba. and obviously their investment into alibaba has been extremely significant. and it's really been struggling. and there's a, there's a number of reasons for that. obviously, alibaba is struggling because of the fact that this check crackdown has been taking place in the 1st place. but also the fact that alibaba is one of the few companies that has actually been hit with major find by the chinese government over $2000000000.00 in fines that have been letting against alibaba. because of the fact that the chinese government essentially says alibaba is taking part in practices that are anti competitive kind of similar to the way that we would say that it's,

it's an amazon takes part in practices that are anticompetitive. the difference is the u. s. government doesn't do much, the chinese government is leveling some very significant fight laska and investigative journalist funds on thank you so much and it's a 4 legged robot that has law enforcement officials excited, but privacy advocates, not so much. police say the robot dog. dog spot is just another tool meant to keep emergency responders safe while some see it as invasive. and the humanizing our team for fair project has the story, sees spot run, see spot, sit the spot, pick it up, the spot, open the door, the spot, jim, and see spot. check your temperature for cove. it 1st and we'll ask for food. the last for water, the last for mastery. police in honolulu, hawaii are using this 4 legged friend to check the body temperature of homeless

people looking for temporary housing. these are all things that we had to do, face to face with someone, and with a disability through the robot. the honolulu police spent around a $150000.00 to buy the machine from boston dynamics to use it in hawaii 10 cities. but honolulu p d facing backlash since it was a $150000.00. taken from colbert 19 relief money. the department defending its actions saying it's a humanitarian efforts to stop the spread of the virus. see spot also interviews, those who have tested positive. we have not had the person said that scary that's, that's morrison. i mean, it's more of a positive interaction. it's not in no way, is it intimidating? and it's not involuntary that we don't walk around and it's arbitrarily scan. one of the big challenges that i'm seeing is accurately describing state of the technology to people who never had a personal experience with it. last year,

the new york police department released their robotic dogs, painted blue and renamed to dizzy dogs. new yorkers didn't take notice until they started spotting them in the wild, making it a social media sensation that sparked public outcry. so to avoid more backlash, the n y p d sent it back to its maker, boston dynamics. departments have been using on inspection robots or decades to remotely control. busy a robot into a hazardous scenario, inspect it to a person doesn't have to enter that space. boston dynamic says it's learned from the new york fiasco and says their new goal. do a better job of explaining to the public and its customers. what spot can and cannot do? because walking robot is most so futuristic, most people are applying notion fiction to the robot. you think the slippery slope

of these developments is really quite important to think about human watch dogs of the new robotic dogs. say, warnings need to be considered along with the future. public relations challenges that could come along with it for police departments. robots have a very significant feature that lots of other a devices don't have. namely they can be photographed or may didio saw. so that for the public image of the police makes a gigantic difference, i think. but the dutch national police who have roughly 500 spot robots now in use in the community say wow, it is well behaved. it's not so smart after all, because it's mostly controlled by humans. it's remotely controlled. if you go to go to the left, it will go to the left. if you stop, it will stop. so it's just like, like a gun or a chair or any kind of tool, the dutch national police reporting their spot dogs have been sent into the site of

a deadly drug lab explosion monitors construction sites, mines and factories. and it's even been used by utility companies to inspect high voltage zone, keeping police out of harm's way by 1st sending in the dogs and a set back to the crypto industry. the senate has moved a block proposed changes to the new crypto reporting rules found any one trillion dollar infrastructure package. now if you're wondering why crypto is included in that bill, while congress was looking for funding and they believe the new tax reporting rules could score them around $28.00 bill in dollars. a bipartisan group of senators proposed an amendment to the bill aimed at addressing some of the main concerns. members of the crypto industry had with the original language. one of them was that it could force minors and software developers to report data to be i r. s that they don't even have access to. but in

a bizarre turn of events triggered because the bill isn't it's final stages. the proposed changes to the rules for crypto holders was combined with an amendment from a republican senator who wanted an additional $50000000000.00 in military construction funds and both were blocked by the senate. but even with this back top crypto currencies have been surging this week with bitcoin coming close to $50000.00 for the 1st time since may. so joining us out to discuss the latest his name as long chief market analyst for ava trade name. it's great to have you on the show today. now we've seen that members of the crypto industry have voice and number of concerns about the reporting rules in this bill being too broad. but that doesn't seem to be having a major impact on crypto currency prices, right? now, so what's behind this rally that we're seeing this week? sure, thank you for having me day. i think just a very brief comment on the taxes and the regulations and everything that i think

we see that has a very positive aspect. because the more clarity that we will have in terms of regulation of the space is going to become now with respect to taxes. i think that was, we all know that was going on in terms of the government, they are left with a massive debt and they need to go as big as valve which were left because of it. so now there's no better off expenses. and then really actually those, those investors who have made gigantic gain gains by buying them by spreading question. now what has been behind the rami? well, a very much the main thing is that investors are looking. ready at the fund flow, if you look at the recent data, that's how you there, whether it's you, investors, whether a you are talking about everyone pretty much according to the report is net long on

bit quiet. because people believe that this is the right time to buy some bargain, while the point is trading, where it is trading now. and now i see the pricing here. bitcoin is hitting 3 month ties, but $50000.00 is seen as the next level of resistance. are we see enough move it right now to keep it coin around that 50000 dollar mark and where does it go from there? yeah, but that's an excellent question that i don't think the 50000 is really going to be a resistance. i think there's the major revenue that we are very much time high the previous the lease in the whole time and from there on the subject. really begin 250-0000, but in the mean time, this is very much for consolidation or a gradual move to the applied. and that is what we are very most likely to see in terms of price. now one of the things we've seen when it comes to bitcoin is that it's often targeted as an inflation had by the crypto industry. but of course,

one of the biggest criticisms of it is the way that we've seen the price fluctuate along with the stock market. how do you see that argument and do you think that it is in one of those places where it could become a true inflation hedge moving forward? i think it's still going to take time, but the big coin to really become a true for inflation. but there is where i have it and because the amount of dollars spent it since corporate on the house of the master valley has happened in terms of the current process. now if you compare the same policy man, what happened in quote 5 possible to deal with the went up and now the down, because i think right now last, if you do have started to police that it is a big point, which is the patient that anything else and now we've also talked about a theory and lend them hard london, hard for that is to say, which gives users an automated system to streamline transactions. but now there's

even some talk about the changes. could put a theory on past the becoming bigger than bitcoin. do you believe that in any way? it says row like big corn, it's a religion, it is a store. you see, right? that's going to maintain it's, that's the case with respect to theory and especially when the issues are resolved and if it can continue to address those particular. and then i think they see him matter from on easy momentum. that'd be the easiest part that $5000.00 and then continue journey with 810000 off. if you look at it from the office, if you look at the haitian w, harness what individual or even if you that they are very much they've been like this particular fight

a lot because it is very attractive in terms of your sort of migration. now the last story i want to mention here is kind of an interesting one. we've heard from amc entertainment. they're saying that they plan to accept bitcoin as payment online by the end of the year. now of course, given that movie theaters are already struggling to get customers back, is this likely to be sort of the next frontier in of ways rather that crypto can play a role in entertainment? i think when i read that headline, i was completely taken, but it really surprised me because how i keep going to use something which is as like as of today and then with all the lability issues biting in time. if you are talking about that. okay. but i think people have too much, much deeper, but overall, i think more companies are accepting big point. me very,

very positive. be just that shows that more adoption. but bitcoin isn't really something where you can really go buying your ticket. although i think i think these became the positive news for the higher industry that we have not seen him at chain by thing in the knows that retail or who the audience phase, who the investors are and they'd be value retail and that is their name as well, i'm of ava trade. thank you so much for your time in analysis. thank you and time now for a quick break, but when we come back, the u. s. is seeing a record number of job openings in some employers are blaming a so called worker shortage. we'll discuss how the dynamic is taking a toll and small businesses at a time when they are working to bounce back. and there's a good break or the number that the quote, the

me oh i, i go the, the lot of what we've got to do is identify the threats that we have. it's crazy foundation, let it be an arms race is often very dramatic. development only personally,

i'm going to resist. i don't see how that strategy will be successful, very political time. time to sit down and talk you know, when you go to deal with a 6 day marathon of creativity, a multi cultural festival. and the biggest variety is the competition for a few days, became a russian cultural capital, $28.00 categories. ahh from the violinist piano to the parenting and data protection night years just throwing up with water . i mean, you're not there. if you could get some kind of

a 3 or 4 to be here, they 1st as a when read in or context the delta gains only take the very best of the best buy i the they're welcome back for our next story. we want to take a look at the ongoing workers shortage in the united states. so just how bad is it considered this on friday, the labor department reported there were roughly $8700000.00 americans actively looking for jobs while job placement website. indeed estimates. there are 9800000 opening. that's a difference of more than a 1000000 if you're doing the math year. and the weight of the shortage is

certainly falling on small businesses. as a recent survey from the national federation of independent business show, 27 percent of small companies are looking to create new jobs in the next 3 months. that gap is going to grow with optimism falling in small businesses and as it becomes harder to hire qualified employ, a recent survey for momentum and cnbc found 41 percent of small business owners are seeing a rise in wages to get those employees in the door on top of all of this, the same survey found roughly 70 percent of respondents say supply chain disruptions are also increasing the cost of those supplies, which along with inflation could also be seen as the follow up from the shortage of employees nationwide. clearly these compounding problems or causing issues with the small businesses. now, there is no definitive reason for the workers shorted some attributed to increased stimulus measures and extended unemployment benefits or years of low wages, while others seat, the transition in the workforce due to the pandemic and do shift to work from home

. so let's try to get to the bottom of this with our friend, john qualities. the dean of the miami, herbert business school, the quote you always a pleasure to have you on. what is your opinion? what are you seeing is the reason for the so called workers shortage the nation. it's based over the last several months. so thanks very much, brent. well, i think, to some extent, it was a result of over reach in terms of companies during the pandemic, perhaps laying off for for lowing or firing more work as them in the end they needed to. and then secondly, as we see the spring back in demand has been so strong from the consumers on the purchases of goods and services and therefore with respect to labor as well. the demands spring back has been so strong and so quick that companies have been scrambling to actually find the workers that they need to keep up with the

consumer demand. and that's especially true and service sectors where of course there's been an acute shortage. a lot of people lost their jobs and hospitality, and retail, and those jobs are necessary. those workers on necessarily around anymore to refill those old positions. so across the economy, small business is always the worst hit, of course. by the cross the economy, we're seeing this mismatch between the workers who are available and the geographies in which they needed and the industries and the skill sets which needed those. well. now i know as the u. s. recovers we've talked on and on and on about inflation, but as we see wages and prices increase for small businesses, specifically, is this going to just make this temporary inflation even worse?

what say you? well, i've always been in the camp that questions whether or not the inflation is going to be temporary because frankly, once you raise prices to consumers will raise hourly wage rates to work. as it's very difficult to role those back. the expectations are set and they feed into the overall inflation result. and i think a lot of the pressures that we're seeing are not going to be temporary. they're going to be built into and should be built into inflation expectations for the longer term. now when it comes to these trends that we're seeing here in the united states, are we seeing those and other countries as well? and if not, why is this a uniquely american thing? well, consumption of course, is a very big part of the overall us economy. it's well over 60 percent of the g d p

that's accounted for by consumption. so when the consumer in the us house, the confidence to spring back quickly and aided, of course, by the supplemental unemployment benefits that continue through september, at least and half of the states they continuing through september. the end result of that is that there is going to be a mismatch in the us. now in other economies, which haven't necessarily supported their work forces, where the similar aid and help that fuel can continuation of consumption. and those economies also not necessarily as resilient as the u. s. economy. we're seeing perhaps less of this effect. but in many western european countries, we also see a structural mismatch between the jobs that are on offer and the skill sets of the

people who are out of work and looking for employment. and now, is this something that will eventually go away with workers returning to the labor force? as you mentioned, when, say the stimulus measures they extended unemployment benefits go away, or has that pandemic force a change in the way the economy works? the same way we've seen over decades as we move from a resource collection economy to say, a manufacturing economy to services, economy and so on. while 1st, i think we can say that to the extent that hospitality and retail survive pandemic, and, and doubtless they will, there is a face to face interaction component there that requires folks to be employed on the front line. those wages for those workers are definitely going to increase. so that's point one. point 2 is that the appetite for remote work

which was previously, i think, somewhat of a, a mish element of the workforce but has now become mainstream. the appetite for remote work, especially among single parents with children who may not be able to get to school. even this full data appetite for remote work will sustain itself, but it will be professional people who will be able to work remotely, rather than lower wage people or manual labor that has to be present physically on the work site or in a restaurant. and the quote i have 15 seconds for this, but how much does the fact that wages have been so low over the years? play into this? is that an aspect in your opinion? i think it is. i think that broadly and the and the economy that there's

a sentiment that the minimum wage has been kept too low for too long. and the market forces are now making it a reality that that wage cannot be sustained. heavy further john quality of the university of miami, her business school. thank you so much for bringing this down for today. my pleasure. thank you, brent. that bit for the time you get boom. but on demand in the portable tv of app available on smartphones and tablets, people will play on the apple app store by searching portable tv, portable tv. you can also download it on samsung, smart tv and roku devices or simply check it out at portable dot tv will see you next time me. i

was driven by adrian shaped by those in me dares thing. we dare to ask me. ah, you understand. and then you need to talk to someone like you go to turner's, mom pay my mom and i that's what i'm

doing. if you could please, if you need me on it for me, which mobile phone bill and it isn't about what it was for for the day. join me. but it was easy. i got to know how to choose. you can put up with me going to be as long one bye. why would you need that? because that quote okay, yeah. could i get you over to a 6 day marathon of creativity, a multi cultural festival. and the biggest variety is the competition for

a few days, palm became a russian cultural capital. 28 categories. ahh, from filing, a piano to the parenting and data protection. not yours just throwing up over the water. i mean, you're, you're, you're, you're pretty good because of a 3 or 4 to be here. they filter when read in context. the delta games only take the very best of the best buy i when i would chose the wrong, why don't, i just don't. i mean,

you have to shape out the thing because the kid and engagement equals the trail. when so many find themselves, well, the part we choose to look for common ground. one of the worst ever mass shootings in america was in las vegas in 2017. the tragedy a close a little of the real biggest, where many say elected officials are controlled by casino owners. the dangerous shooting revealed what? the l v n p d really is. and now it's part of the stand machine. most of the american public barely remembers that had happened, but just shows you the power of money and las vegas. the powerful showed that true colors when the pen demik hit 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 other people. buyers could have been saved if they were to 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. ah, ah,

ah, new york governor cuomo than full foul of the very cause. he and the democratic party vocally supported the me to movement as he stepped down and made a sex scandal nearly revealed to get documents shed light on how the u. s. department of defense pressures movie produces to portray the american military in a favorable light and u. k. prime minister bar. as johnston's under fire, afterwards submerged that nearly $100000.00 pounds was spent on paintings for down the street becomes a growing public anger at a pe freeze for teachers and police as well as a tiny pe rose offered to the coven, embattled in a chest. and a chest is in desperate need of funding on the pay rise. i think the.