wife lives mattered, and i was not wise. like miss noon. i know i wasn't an old from black america. i've learned how to speak back to whiteness. aboriginal people here, i'm more every day. we're out wanted them now with the police. were out we. she states, i'm scared that more children are going to grow up in the country that think says no racism, but they're more likely to end up in the criminal justice system. then they're all the fellow friends in daycare with join me every thursday on the alex simon, sure. i'll be speaking to guess on the world of politics. sport, business,

i'm show business. i'll see you then. ah, this is in bicycle in business say you can't afford to miss. i'm ready to love it and i've been one in washington coming up. the i'm of has slashed is growth projections for the international community. a supply chain issues continue to rattle. markets straight ahead. we're going to bring you the latest figures and what it means for the world economy. plus southwest airlines is experiencing a 5th straight day of cancellations that have left thousands of passenger stranded across the country. what is really going on here? we're gonna have a full report on the latest then william shatner's, long awaited trip to faith is right around the corner of us. got the upcoming blue origin launch and what it mean for the future is space travel. we have

a lot to cover today. so let's get started. so let's begin. let's begin right here with big coin it is on the rise again. in fact, the last 2 weeks have been very good for big coin pushing the world's largest crypto currency back to its highest point since may of this year. the crypto last traded more than 3 percent higher at 57530 after hitting as high as 57740. if you're keeping score and you should be, that's only 12 percent away from it's all time high of $65000.00 a coin. so what is fueling this rise? and how far is it going to go bring and do bus co host and crypto analyst slash enthusiast christie? i christie, cuz the happy hear a lot of this comes amid these increasing hopes and expectations that a big going futures atf could soon be approved. if that happens, 1st of all, what kind of effect would it have? and will it happen? do you think it's going to happen? i am part of this appreciative certainly have to do the atf,

although i think we give it way too much credit. there are expectations that features could be approved, but we've heard that line about a 100 times in the past 2 years. but look how far the industry has come without having an atm actually being approved. i think the main part of the point appreciation actually has to do with the increasing concerns about inflation. the more than transitory we have food prices at peak level oil topping $8.00. so that's really hitting consumers. so investor, they're starting to look back to the original appeal bitcoin, which is a store of value and something that it's independent to the wind of any central bank. and interestingly to note one goal with previously the, the factor store value. that's not the case anymore, because in gold, one year correlation has been dropping to a point where it's about to turn negative, which means the 2 are no longer correlated. so the point is now the preferred inflation hedge. if the dollar and real rates are rising. so with all that said, i think in e t f would be significant and that's what the big institution had been demanding

for the past couple of years to make their purchases a big point easier. it's way easier to go through and get them to actually purchase individuals to an otc broker, but they've been waiting for this many years. so most likely, all the institutional who work got tired of waiting and they've already jumped on board because the more that we do on the sideline, the more they locked out. so i think you'll be a great positive catalyst. but real impact wise, i think you'll be a minimum because everybody who would be in via the t up it's already. and now there's a lot of questions about what the u. s. government is going to do in terms of regulation. and we're now hearing from the federal reserve that it has no plans to push for the manning of bitcoin. is that helping to fuel this price run that we're seeing as well? absolutely, there's a lot of negative sentiment surrounding because with the impending regulation and china banding it again, but these comments on the fcc team to have enfolded investors. so these institutional investors have been provided with some level of comfort now,

because regulatory uncertainty is what's in keeping them out of the market. and when you're make hedge fund, you're not as nimble as an average retail trader, so they have to be more risk adverse when it comes to dealing with crypto. but these common theme has cleared up path temporarily. so you see institutional playing catch up again by hand over fist within the last few days. the last couple days we've seen the spot market price, a big point jump as much as 3.5 percent within a 5 minute window will show that there's some pretty big spot here. and also the technical patterns. for trader, they're lining very nicely for another strong bull. and his big point, in theory and back in the spotlight, all that kind of taking a back seat and a bit of a breather, a can mention it now with the institutional. and they move as a heard the big game, so they'll only be focused on the large cap. and so most likely other benefit will be things like a lunar avalanche, bolona, etc. yeah, i think we're going to see a big board here coming up shortly. but jamie diamond, i got to ask you about this,

of course, the ceo, j. p. morgan chase, he said on monday at a conference that crypto currencies will be regulated by governments. and that he personally things that big coin is worthless. here's the thing, my jamie diamond, you know that's crazy. i he, he's always talking about it. he hates crypt job and he likes crypto. he hates big point. now he likes bitcoin. is a timeframe just to go away and stay out of the conversation. why is anyone even talking to him about this? i think you're right, he's part of the old guard and he's being completely hypocritical here. he called it a fraud saying that it's completely worthless. while at the same time, j. p. morgan giving their wealth management clients access to crypto phone. so if your own bank is pushing what you've deemed fraudulent investment product, then that's not really fulfilling your like fiduciary duty at the feel of bank. so i think that the kind of like the pot calling the kettle black at the point. and on the other hand, it also shows how irrelevant he is because a common like that j. p. morgan or goldman sachs,

the head of the banks no left will normally rec, hands on whatever name that they're talking about, whether the stock commodity investment. but now they point really doesn't care. so market doesn't care about these common. it's just probably no matter what it was before you go, we have about a minute left. i want to ask you real quick about some of these kind of, you know, because i mean stocks, but that will have what the, the social crypto is like ship, right? which right now, if you're on take talk, you're on instagram and you're, you're flipping through there. you're seeing chev an awful lot right now. and there's a big push right now to get it pumped up. the thing that makes me nervous about those criptos always is that there are a few whales that control so much of that space. and they can literally buy and sell you into nothing in a very short amount of time. what are you expecting for that new thing ship is about to take off, or is it going to end up being like those were some people get hurt because they get into late. it is exactly like because she but it was created in order to become a cheaper version of those because those at that point was too expensive. and i think absolute, right? these mean things are going to exist,

no matter if we're talking about stuff or is it for the fun of it? and unfortunately, a lot of people don't know and they get caught up in fomo and they kind of get caught up in high. and yes, it's true, come people make a lot of money and does she keep on hearing the story that makes $23400000.00 in dos with this and of a couple. but then what you don't care about are the people who love the same amount because let's not forget, this is kind of a 0 sum game, someone when someone else is losing. so the same thing is going to happen here, is she, but you know, it was created to be a joke and it was intended to be a joke. but unfortunately with these very popular mean, and he's hyped driven thing by social media and things like robin hood, social media trading, these things, they just drive and it's heard mentality. and that's what makes these things all up to a point where it just doesn't make sense. and those bubbles just never last long. so important where you said in order for someone to when someone else has to lose boom bus. christy, i, thanks so much. thank you. and let's go now to the latest forecast for the global

recovery from the international monetary fund. this includes new warnings about how ongoing supply chain disruptions are taking a toll on even the richest countries in the world and the projections for the growth. we will see this year, which had taken a hint as a result. the gilbert recovery continues, but the momentum has weakened, hobbled by the pandemic. we have a slight downward revision for global growth this year to 5.9 percent. we're seeing major supply disruptions around the world that are also feeding inflationary pressures, which are quite high. and financial risk taking also is increasing, which poses an additional risk to the outlook. now the i and that didn't single out the u. s. or the federal reserve, but it's report did warn about certain central banks that may need to start pulling back on their easy money policies to get ahead of price pressures, even if that delays the employment recovery to joining us out to discuss later. and

the theo, of openness, l. l. c. now octavio, the i am that didn't had their forecast by much, but they did admit that it is likely to be less than previously expected. so what do you make at the latest report? i think they slash the full classes in the station. nothing but they reduced the focus from 6.0 percent to 5.9 percent, which is all been slashing. i think that's within the margin of error for full cost of like however, if you go deeper they did reduce the full cost of the us quite substantially. so they would use us for us from 7 am to 6 percent. and as you need to report, it's interesting to see what the reasoning was that basically pointed out the turn by most having difficulty pushing is $3.00 trillion dollars spending bill through congress. and they're quite fresh on that because just today, basically thrown in the town that we're gonna have to pay for smaller number. and the base he said that that is going to reduce growth in the us. so i think more than anything else you see that is sort of the, i miss political alignment, political leanings bought anything else,

they're sort of in the mold of spending more taxing more. and that's going to help the economy grow. and that really is more that were came out with that report than anything else to me. i saw the of the i m f is also arguing a certain countries kind of pull back as rachel mentioned on those easy money policies, even if it hurts employment recovery, or how much of that message is targeted to a country like the u. s. and does employment seem to be what the fed is worried about right now? well, i think that message, i'm so you could be talking to the fed that you could say exactly the same thing about the european central bank about the bank pan, about the bank of england. the one notable accepts exception maps amongst a large central banks is the people bank of china has been very rest about the gas purchases and, and sort of using as the case always in the past and trying to pursue this ram for some reason. the holding back on that sort of criticizing of central banks. so that critique from 9 it could apply certainly to any one of the central banks. i think it applies to the fed meeting between the cracks. and so i think that's where we stand, that there's some stop saying, well,

inflation is getting out control the central bank seem to step in and do something you asked about how concerned is the fed about employment, things like that. it seems to me that the fed is most concerned about increasing interest rates or reducing on purchase and taping and crashing the stock market. they really, really don't want to do that. however, if inflation garrison creeping up their hand is going to be forced and they don't want to do that. so they're going to jump on any excuse. they can't keep them straight, slow, keep money flowing in. and it seems that employment or unemployment is a distant, distant concern of this way, way behind inflation and, and the stock. yes. and here saying that the i met even mention not as sort of a central reason here. and i know we've been talking a lot about inflation now moving to talking about ongoing supply chain shortages. and of course, the building energy crisis. i mean, when we're talking about central banks, whether it be the federal reserve or over in europe, is there anything they can really do at this point to stop sort of the storm that is really been building over the last year? well, i think they also pointing the finger as a supply chain disruption,

but i think that's more cover, more than anything else for that monetary policy. and i think we see this passion with central banks as inflation starts to take off the fertile units. transitory don't worry is going to go away soon. it's going to be here for a few weeks, a few months, and then we'll get back to normal and be fine. then they start say, was it a multi cause? all that, all sorts of different factors involved and should be complicated. i understand it, trust us. and then finally the government sort of step in said ok. now we need price controls and export controls and, and they really wreck the car. and i think that will not sort of part. so i think the supply chain disruption to see are just a result of monetary policy and the kind of pumping money into an increase in price of the machine at this, not that much of a supply chain disruption out there. i think that sort of shifting the brain to something else and taking the, the attention focus away from the central banks, monetary policy and the believe that you said there really isn't much of a supply chain issue right now. does that go for the, the issues with china right now and specifically with the ports there seem to be

a lot of concerns and discussions about these, the supply ships that are just sitting outside of port and products that are not getting to shelves, especially as we move closer to what we are towards the holidays. do you think that that is overblown right now? or is that or a reality we have to deal with linda. certainly certain ports where there's some problems and, and it, it because for in the u. s. is los angeles 100 and big search there in terms of traffic coming in and out of los angeles and has about 34 percent of compared to last year. has a big, big increase or have you had other big ports around the world, like singapore rossimer, places like that? the increases he is actually very, very tepid. so it's not by any means a global supply chain from i think it looked like more like a problem around the port los angeles. i didn't, it was happening. chinese course. the statistics are not her reliable. suddenly because we're looking at but said los angeles, seem to be an exception to robin the rule. so things in rotterdam, in singapore and, and took a look ok that they look like. is it a big bottlenecks?

they're all al, insanely all eyes will be on not only what the i and i been saying that also at the federal reserve besides, did you in the coming links are tardy. i'm are in the of, of an as i'll see. thank you so much for your time. thank you. time now for a quick break. the only come back. southwest airlines has left thousands of passengers stranded across the country as it is another day of cancellations. we'll discuss next. and as we go to break, here are the numbers that the clothes with with these people learn from their own experience, how vulnerable of business is to the bank. so you push my business over the age,

pushes me right to the bankruptcy. now i realize we will go this isn't just the back that may be involved in this is the concept. see, thumbs. it is the lawyers. these people have got want on their stories at a walk kind of whistle blower. tell people's marriages have broken up, lost their family homes, it is spectacularly devastating for people's lives. they have committed suicide, but left behind north, the explicitly state that it was the constant intimidation and billing by buying coffers. sauce that late them to i talked to spy. it's obscene, these people up nor sold a

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with the lamp. would you like that? that would look as if that's something you would prevent them with the cool. got that's mitchell for sun, never, ever. properties was for what fin the but only the filled with the what like you with nice. seems them off them with he's got though west. when like, holding so want to show what the protocol it keeps them from the from the news. ok . i live with us. that's still the same. i was let me use this global. oh gosh. slate to 3 years old. senior to one wonderful, scared little square to live with john coach if it what are one, why do you think that us them? i mean, on i, besides that we still do

the it is a question. so many people are asking what is going on with southwest airlines for a 5th straight day, thousands of customers are left stranded in airports across the country as southwest continues to cancel flights. but it's not clear yet what is causing the disruption as the airline. and as pilots are telling, different stories are t correspondence sites have injured? now with the latest, what are we hearing so far about the story? so southwest airline has since saturday, canceled close to 2400 flights. and on tuesday, another $87.00 flights or 2 percent of their schedule were also canceled. and in a statement south west blame the air traffic control issues and bad weather in their florida station for the cancellation. but according to the federal aviation

administration, that wasn't entirely true. and that came after the f a responded to the southwest statement in a tweet saying no f, a air traffic staffing shortages have been reported since friday. flight delays and cancellations occurred for few hours friday pm, due to widespread, severe weather, military training and limited staffing in one area of the jackson will jacksonville and route center and only after the f a and noun. smith did southwest president mike van divan finally amid to its employees. on monday, things got out of control because the airline didn't have adequate staffing. in fact, that according to the department of transportation, south was currently has 7000 fear employees. then the airline had before the pandemic, and that's because when air travel plunge at the beginning of the pandemic south was offered buyout and early retirement packages to reduce staff. now,

although the weakens problems were mainly limited to southwest, it is by no means the only aero struggling to restore stuff. and slides that were trimmed during the fan pandemic. and fixing these problems will be expensive and time consuming and are likely to cause further pain for passengers returning to the skies. ok, so obviously that's, that's a problem that southwest was an honest to begin with about this. but there have also been rumors that the staff shortage was actually caused by some kind of a sick out that was taking place. essentially, employees who re told they had to be vaccinated and so they weren't showing up for work including possibly some of the airlines pilots. what do we know about that? is there truth of that part of the story? so those rumors occurred after southwest airline pilots association, which represents roughly $9000.00 pilots as the federal court last friday to block their lines order that all employees must get vaccinated. now, coincidentally, that's exactly when the flight cancellations are occurred. now the union said

pilots had not the stage to stick out because of the vaccine mandate and instead blamed all the flag cancellation on south with operational issues. now, in the past, a pilot union have also argued that management has been very slow to bring pilots back from leave. i leave of absence, i should say, after the airline persuaded them to take during the pandemic, leaving them very short handed, 7000 fewer employees short handed. but this does look suspicious, since southwest has had much fewer cancellations today, even though no new staff has been hired since the chaos over the weekend. so the problems of south west may run deeper than the staff issues we're hearing about quantify its adventure. thanks so much for that update. for that it was story that's being described as science fiction becoming reality, art imitating life, if you will. legendary star trek actor and host of i don't understand here an rti

america william shatner is set to take off on a flight with blue origin, wednesday morning where he will become the oldest person to ever reach orbit. i'm going up to space. i don't know how many people can say that it's life changing and it's way not because of the very old adventure, but because the people at me i am talking i'm it is the latest launch in the world of space tourism that is costing some customers a quarter of a $1000000.00, while countless questions, of course, remain as to what risk the travellers on board are assuming when they blast off for that adventure of a lifetime. joining us now to discuss is aaron paper about your business strategy with a focus on space commercialization. aaron, it's great to have you back on the show today, and we know that it is a big day for star trek fans. when captain kirk himself gets to blast off an outer space, but realistically, what are some of the risks that william shatner is facing when he is

a 90 year old man and barking on this trip? well, there's gonna be obvious medical concerns. i know he's probably gone through multiple medical checks, so and i am not a metal professional, but i can at least say from a layman's perspective, when you're putting your body through a number of jeez during the launch and then suddenly being weightless like we are bags of liquid, right, so hold things can move around on at 90 years old. that's probably a little scary, but he's, you know, i've heard many people say that he is very active person and you know it is a fiddle. so those risks are probably minimal. but there's other risks associated with do using new technology. but again, i will say that this is so high profile and we all want to see him have a wonderful experience and make it back down to terra firma safely so that the risks are probably middle. emily alone, who knows that william shut looks amazing for 90 years old. but to say that,

i mean we're watching with video here. he looks pretty amazing. but in addition to a shatner and that blue origin employee there also to paying customers on this flight paid. what about $250000.00 a piece for their tickets? right now, this is kind of a sport activity, leisure activity for the ultra rich. if you want to call it that, it's also supposed to be entertaining to the public. but is it truly entertaining at this point, or is there a certain level of excess here that turn to turn people off the thing? you know, i think that's a really valid critique you, when there's so many issues in the world that could be solved from any number of directions, right? whether be social infrastructure, technology investment for innovation, you know, the list to get pretty endless and i don't have enough time to dive into that. so it does feel like it's excess. but you know, i a study that's actually a research paper that was actually offered in the space industry in reference to the space is very similar, like the growth of the space industry. and the infrastructure is very similar to

the infrastructure and the process in which funds found its way towards people attempting to summit mount ever. it started off with governments and it took a lot of resources just to get 2 people to the top. and over time, more wealthy individuals invested in that trip and that turned into infrastructure, which eventually turned into still an intense trip, but a very low buried entry. so, you know, yeah, it feels like excess, but this is about building the infrastructure necessary to access the space birth economy. well, i guess hopefully the price of the tickets don't always stay at a quarter of a $1000000.00 or then it's going to be very exclusive trip. but i know that what we heard from william shatner with he was saying that he signed onto this flight because he was inspired by jeff pay those and his ambitions to start building into space and to make pollution a thing of the path. now aside from really these high profile trips, the space that we're seeing is this something we're seeing bases making progress on right now? i yes and no. i don't have the details to get into like to, to what and,

but i'd like to point out something that william shatner also said in your cut and you cut away that he's not excited. he's excited about the trip, but also just about the people he meets. a space is actually very related to and very complimentary to environmentalism. but the lines to draw that association are little tough and opaque because it's there's a lot of innovation and technology development that has to happen, but it is affecting how we do business and how we engage with resources on planet. jeff bezos is painting a future in which pollution on earth is no longer a thing. we will have manufacturing in orbit. where mosque is selling a future, where will be living on mars? i'm, you know, one of those connects to environmentalism on earth and the benefit for people who lived here. the other sends us to a different place and it makes a little hard to make that connection. go. and just as a, i gotta ask you real quick the way about 45 seconds. how much of of, i mean, obviously 99 percent right? of william shatner being there is about p r. right?

because you're obviously drawing this connection, this, this feeling that people have of nostalgia to say, oh captain kirk. but for someone like jeff bezos, who was not the most popular guy on this planet or in space. i think it's, it probably makes sense to attach yourself to someone that people feel good about. i give you the last word that i can't disagree with that. that's very true. and a lot of a clue origin does from this perspective is p r, and a lot of what must is doing is also about p r and keeping people interested in space to see long term investment. while speaking, m p r will have live coverage in that upcoming life right here on the 4. it will theory as erin pay go. thank you so much for your time and insight today. thank you . great blood pressure, right plug by you. that's it for us. this time you can catch boom bus on demand on the portable tv app, which is available on smartphones and tablets through google plate, and the apple app store. just search portable tv. portable tv can also be downloaded on samsung, smart tv, then roku devices or simply check it out that portable dot tv will see you next time

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