impacted and just how far vision could take a new rule. then saving the crypto currency reporting provision in the $1000000.00 infrastructure packet has been the walk. we'll take a look at how would the fact encrypt your prices? we have a pack, so today dive right in. we leave the program today with more fall out from china, cracked on on, tech companies as soft thing now says it will pauses investing in china as it waits for regulatory action against the countries tech firms to play out. the japanese company has lost more than 35 percent, says it's jock peaked in march, following a 69 percent gain back in 2020. while south bank has relied on it's $100000000000.00 vision fund, which includes investments and companies such as chinese ride share from db global and the uber for truck start up full trucks alliance is now rethinking those ties amid beijing crackdown. so joining us now to analyze the latest is boom and investigative journalist benz want. now ben,

can you start by breaking down what the concerns are for soft bank here? well, i think he described them pretty well. they're off the top with a 36 percent decline since may is a pretty incredible. we basically when it 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 in the way than handling its 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 didi. 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. and then there's also been

a serious amount of difficulty when it comes to one of the all time largest investments. and that's 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 says that 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 fights and 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 dehumanizing our team for fair project has the story, sees spot run, see spot, sit, see spot, pick it up, see spot, open the door, please spot, jump and see spot. check your temperature for cobit personal. ask for food. the

last for water. the last for masters 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 its a humanitarian efforts to stop the spread of the virus. these spot also interviews, those who have tested positive we have not had in the 1st said that scary that that's morrison. i mean, it's more of a positive interaction. it's not in no way intimidating and it's not involuntary. so we don't walk around and it's arbitrarily scan. one of the big challenges i

haven't seen is accurately describing state of the technology to people who have 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. quick departments have been using on inspection robots or decades to remotely control. busy a robot into a hazardous scenario to a person doesn't have to enter that space. boston dynamics says it's learned from the new york fi ask and says their new goal. do a better job of explaining to the public and its customers. what spot can and cannot do? because the walking robot is most so futuristic. most people are applying

notions from time version to what the robot you think the slippery slope of these developments is really quite important to think about. human watched 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 i devices don't have. namely, they can be photographed or made easier, saw, so that for the public image of the police makes head gigantic difference, i think. but the dutch national police who have roughly 500 spot robots now and 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 don't to go to the left, it will go to the left, just 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 in 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. in a set back to the crypto industry, the senate has moved to 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 miners and software developers to report data to the 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 and military construction funds. and both were blocked by the senate. but even with the set 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 of this desolate us, his name as long chief market analysts for eva trade name, it's great to have you on the show today. now we've seen that members of the crypto industry have voice a 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 regulations and everything. i think we see that has a very positive aspect because the more clarity that we will have in terms of regulation and this space is going to become now with respect to taxes. i think that will be, we all know that was going to come in terms of the government. they are left with a massive that they need to go as big as babbage but left because of it. so now there's no better off expenses and then really thought, actually those, those investors who have made gigantic gain gains by buying by trading quicker. now, what has been behind the rami well, very much the main thing is that investors are looking at the fund flow. if you look at the recent data, that's how you buy the institutional investors by the

a you are talking about. speculate everyone pretty much according to the report is next long on bit quite because people believe that this is the right time to buy some bargain. why bitcoin is trading, where it is trading now, and i see the pricing here, bitcoin is hitting 3 month ties, but $50000.00 is seen as the next level of resistance. are we seeing enough movement right now to keep it coin around that $50000.00 market and where does it go from there? bend. that's an excellent question that i don't think that the 50000 is really going to be in a resistance. i think that is the major revenue that we are very much time high to preview the lease in the whole time. and from there on the subject really begin 250-0000. but in the meantime, this is very much of a consolidation or a gradual moved to the upline. and that is what we are very most likely to see in terms of the big point price. now one of the seen when it comes to bit coin 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've been because the amount of dollars spent it since corporate on the house of the master riley has happened in terms of the current process. now if you compare the same argument, what happened in quote 5 possible to deal with the went up and now the down. because i think right now left, if you do have to police that it is a big point, which is the the in patient that anything else. and now we've also talked about

a fear in london 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 and on pass to becoming bigger than bitcoin. do you believe that in any way it says like a big coin, it's a religion it is. you see, right, that's going to maintain its status as a respectable theory and specially run the issues are resolved. and if we can continue to address those particular and then i think i see him matter from on easy momentum. that'd be easy to set that 5000 mark and then continue with that 10000. if you look at it from the office, if you look at the h and w hard next, what visual or even if you see 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 thing 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, the 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 likely as of today out. and then caleb realty shoes fighting 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 in the very, very positive just that shows that more adoption bitcoin isn't really something where you can maybe go find your ticket. although i think i think the same, the positive news for the higher industry that we have not cinema chain by thing in the knows that retail or who the audience who the investors are and they'd be value retail and that is for 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 on small businesses at

a time when they are working to bounce back. and there's a good break here, the number that the quote, the ah ah, ah, is your media a reflection of reality? the in a world transformed what will make you feel safer. type relation for community you going the right way or are you being direct? what is true?

what is great. in a world corrupted, you need to this end. the join us in the depths will remain in the shallows. ah. what we've got to do is identify the threats that we have. it's crazy plantation. let it be an arms race is on often very dramatic development. only personally, i'm going to resist. i don't see how that strategy will be successful, a very critical time. time to sit down and talk i think is part of mental health revolution. we increasingly freeze political claims. the language of mental health became more common.

so if you disagree or something i said on this program, you know, just say i just agree with you. i think you're wrong because of the following problems in your evidence or logic. you see your micro grass mate, you say you triggered me. you said your heart be again some psychological way because news or psychological terms. and i guess an enormous problem for politics because it's almost impossible to have a discourse on that terrain. the the, the news 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 here. and the weight of the shortage is certainly falling on small businesses. as a recent survey from the national federation of independent business showed 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 shortage. some attributed to increase stimulus measures and extended unemployment benefit or years of low wages, while others see it as a 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 quotes are 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. 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 all 4 fir lowing or firing more workers than 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 demand 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 eager 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 are necessarily around anymore to refill those old positions. so across the economy, small business is always the worst hit, of course. but across 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 roll 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, as 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 aided, of course, by the supplemental unemployment benefits 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 us economy was seen, 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, you know, that 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 a 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. busy low over the years, play into that. 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 brand. that bet for the time you get boom, back on demand in the portable tv app available on smartphones, tablets, google play in 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 at portable dot tv. we'll see you next time

me ah you understand. and then you need to talk to the time being able to pay more than that for me when i'm in a position, if you wish to go on it for me. i don't

want to just about what we're doing today. i'm doing it, but it was easy. i got to know good. how do you think you put up with me quite a bit as long food? i want to tell you the truth. why would you need that quote? one of the worst ever mass 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 owners. the dangerous shooting reveal of what the l v n p. d. really is, and now it's part of the spanish, in most of 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 pandemic had the most

contagious contagion that we've seen in decades. and then you have a mayor who doesn't care to. 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 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 driven by a dreamer shaped by those with me in me, dares think we dare to ask

in the british and american governments have often been accused of destroying lives in their own interest. while you see in this, these techniques is the state devising message to end essentially destroy personality of an individual lifetime. means this is how one doctors, theories were allegedly used in psychological warfare against the prisoners deemed a danger to the state. that was the foundation for the method of psychological interrogation, psychological torture, disseminated within the u. s. and community, and worldwide among allies for the next 30 years. send out the victim, say they still live with the consequences. today the both

the julian sounds cases once again in london, high court. this type of washington appealed to extradite him to the us form of british opposition leaders lending his support, the whistleblower under threat russian. what is also known as the address of example. so all about take my 1st helicopter right and can be for a better reason. he joins a helicopter cru battling the devastating wildfires that have ravaged russia's far east of a month and half a century since the war in vietnam, children of us veterans exposed to the highly toxic agent orange herbicides sprayed that say the government's failing them not taking responsibility for the disability they were born with we have from the son of woman former us and.