about a new wide spread disease that caused severe lung damage. there's a few points that were really the attorney own. if the patients were diagnosed with a lung injury associated with using electronic cigarettes or facing products, he pulled this out. he really felt holy crap, he's gonna die. oh no, he's to be better. it was, i wouldn't want my worst enemy every go through that amount of breath with with

them by someone business or you can't afford to miss. i make a woman, and i'm brenda bore in washington coming up, oil prices hit 3 year highs early on thursday, but the prediction of a mild winter that's brought them down straight ahead. we'll take another look at the global energy crisis and what factors are playing a role in you time. and we take you back to try to where ever granted seeing a doctor take it as indebted giant continued to threaten agent to world market. we'll discuss then can we do a social media platform from former president trump? later on, we'll discuss the prospect and how the stock market is reacting so far. we have the pac show today to, let's get started. we leave the program with the latest on the global energy crisis . early thursday. oil futures hit 3 year highs with the international benchmark. brent crude reaching about the $86.00 per barrel mark while us west texas

intermediate, sat above $83.00 per barrel. but as concerns is fast approaching cold weather months, push energy prices higher amid the crunch. there was a reprieve. after the national oceanic and atmospheric administration released data showing winter in the united states is expected to be warmer than average, causing oil futures to dip by at least $2.00 per barrel on both major benchmark. meanwhile, saudi arabia, as finance minister told cnbc that the ongoing energy crisis could get quote, even worse if climate policy is being enacted by government are not measured, the finance minister for opec de facto leader told the network, wednesday, quote, if we are not careful about what we are doing to achieve our target. we may end up having a very serious energy crisis, like what we are seeing now, and it could be even worse in the future. it did add that caveat that knack, the climate policy is an important step moving forward. so what does this mean as

we see nation throughout the globe, including the united states, pledging to move off of fossil fuels and towards renewable? joining us now discuss is tobin dio of transformative research. now tobin, i want to start with that last point here. you wrote about what effect these climate policies are having on the energy crisis. give our audience review on that . well, again, this is, this is sort of supply and demand. and how do you move the supply of, of non hydrocarbon renewable energy to could replace the 80 percent of the hydrocarbon energy is what powers the world. and remember, you have various different countries all doing somewhat different things. maybe perhaps lead by germany to both, but use germany as an example. they essentially eliminate all their nuclear power, which is about 30 percent of their power. and the idea was they were going to replace that with natural gas and with wind power, so on. and so forth. well,

they're not close to doing that. number one. and number 2, that natural gas had to go somewhere. and it went to china, it stayed in russia, went to other country. so now that we got to a point where we had a big winter last year, and now those natural gas reserves are significantly below what they, where they should be. now retros saying, hey, you know, we're supposed to, we're the bad guys. so we have another pipeline that's ready to go, but you guys are letting us do it. so there's 2 politics here. there's weather related. and then there's the idea that you can't just go from 0 to 80 percent and renewables in years. it's going to be decades, and there was no room that the margin for error. and now we have a crisis because this was a completely disorganized from the beginning. it's like one crisis after another. it feels like, especially over the last year. now we have heard from the white house that they called for opec plus to release more production on the market. but when it comes to

oil production in the united states with the u. s. being a net exporter of oil does more drilling and production state side actually help side. it's my, it's new. well, more would remember the biting administration on day one of the press of his presidency. cancel the keystone pipeline, the largest pipeline ever constructed that would bring massive amounts of oil and financial gas down from canada. and he said, cancelled it. then a week later, that canceled drilling permits both in alaska, etc, which by the way, alaska, in russia are basically the same type of geology. they cancel that. and then my favorite water was that they cancel putting petroleum reserves into the national petroleum reserve of alaska. so if you want to look at one of the culprits here and there's many, but one certainly as a bite administration, and obviously they sort of been over backwards to their sort of woke. you know, we're going to come by our world of the progressives. but the progressive don't

have a plan other than get rid of all hydrocarbon, they don't have a way to, to finance that they don't have a way to make this happen. but now we're finding out that you just can't pretend that you know that the winds gonna blow, by the way, and norway in the u. k. 25 percent of their energy come from the window. guess what the wind is not blowing this year. we don't have any reserves, we don't have any room for a margin of air, and that's, it's part of it is a big part of the united states is fault. and i, and i want to point out on boom bus. we've talked to analysts from across all spectrum and sure, in reality, those who are in favor of renewables versus who you know, who want to keep, drill, baby drilling. but the fact that everybody is kind of on the same board is like, yeah, this is great, but we're not ready for. yeah, we don't have the infrastructure there. i want to talk just to know that you were, you are actually kind of mentioned there because you all talk about banks blending to energy producers for the most part globally. we've seen banks back off financing

that the fuel industry, amid all of these pushes for renewables. so what exactly is happening there, and does it make the crisis much worth? well it, this is the funny or unfortunate part of this is that, you know, i know you went to school brand. you know, the idea is if you lend somebody $50.00 and it costs a $100.00 to take the oil out of the ground, they're losing money. and what happened in the frack boom is there is literally trillions of dollars that went in. and unfortunately, it wound up costing about $50.00 to find that, that oil and that natural gas but, but, but oil was selling for $35.00. a natural gas is selling for $2.00 a 1000 b 2 years or 1000000 bts. so it was not economic, and finally the banks stopped and the bond market stopped in the united states. and what happened is, is now, particularly in the public companies, the public companies, instead of going out and saying, hey, if they do dollar oil. so let's drill baby drill. what they're saying is, let's pay up all that debt. we ran up and the banks are saying, great,

the stock market is rewarding. the company is not for drilling, but if they're rewarding with the companies for paying down their debt shockingly, and increasing their dividend center buybacks. so, in a capital world, the owners of capital the shareholders, are going to do its best for the shareholders. and right now that's to not drill. and also let's not forget, we have liquid look by natural gas l n g. we're exporting all of that. it used to be like $3.00 a 1000000 bts. it's now $12.00. they said to ship out of the ocean, whoever makes a bid on it buys and right now that's china. so we have an international global energy world. and united states is in the cap, per se, but we're no longer financing or responsible drilling. and you know, that's, that's a good thing. we had up a far mortgage. remember that didn't work out too well. as we've always heard that old adage of the cure for high prices is high prices. we'll see if that really plays out in the circumstance and helping smith of transformative research. thank

you so much for your time today. great to be here many more fall out in the china ever grand saga as shares, and one of the world's most indebted companies dropped another 12 percent after a $2600000000.00 asset sale fell through every grand with intox earlier this month to sell part of it services unit 2, hobson, it's smaller rival, however, hops in and now it's late wednesday that talks fell through to purchase a 50 point one percent stake in ever grand property services. so well, this mean for a company that could create contagion throughout the market. if it is to fail, well, joining us now to discuss their hosting and investigative journalist buns lawn, alex harvey, i'm are in the seo of openness. i'll see. then let's start with you here. how much of an impact would the failure of the deal have on ever grand was going to have a big effect on ever grand. and then the simple reason for that is because ever grant is trying to liquidate and get rid of some of these assets to raise the money it needs in order to not default. so for instance, this deal with hobson,

it was supposed to help out with this 30 day grace period, that every grant is under the they were supposed to make an $83000000.00 interest payment by saturday. if they don't have the 83000000 others to make that payment, they will technically default. and so they're, they're trying to find money anywhere they can. they're also, by the way, a selling their $1500000000.00 stake in a bank. and so what we see happening with every brand right now, it is a fire sell if you will, of a lot of their assets just trying to get things in order. but a lot of their strategy doesn't really make sense because on one hand they're doing that. on the other hand, they're saying, well, we're invested heavily in electric vehicles. these evie vehicles and we're going to see those get to market in the next few months. and so they're, they're trying to divest of some of these assets, but at the same time trying to push forward on others, you know, the term is too big to fail, right. and, and i think what we're seeing in china right now is a lack of appetite for companies that are so heavily involved in so many different industries. who then leverage themselves to the extent evergreen has. this is

a problem of their own making use. you came in here in the lead up saying they're one of the most indebted companies in the world. that's it. that is a fact. what do you do with a company like that? well, they're either going to have to break themselves up and self assess, or they're going to fail in october. oh, to ben's point there, at this point, it still appears that beijing isn't going to interfere with intervene and that that phrase too big to fail doesn't apply here. is that how you see it? i'm not sure. i mean, i think in the past the, the people's bank of china's always intervened and, and bail these kinds of institutions are just a couple months ago we saw them by like, you know, was asset manager sort of bank the collect, open on to assess banks of the call supposed to take it. so, basing is always bail things out when they start to look like the risk. yes, on the threat and the system i expect will do this again this time. so the movie is talking tough and the set fail. maybe some of the foreign bond co olds wants to take a car on their investments on the loan that they've given to. i don't think they're

allowed to fail, right, flattens back. they don't want that, that their friends contagion. so they wouldn't be. so i'm going to take lot on actually beijing into being some state and baiting this thing out. and certainly everyone's waiting to see exactly what they'll do now, a tabio staying with you. let's shift over to inflation a little bit. we heard from i taught federal reserve official warning that extended high inflation through next spring could force the central bank to consider raising interest rate sooner than expected. is that a good idea? especially with all of the supply issues the country is currently facing? well, how the times of change i can remember just a month or so ago they were saying there's going to be transitory where it's going to go away. and now it's going to go until next spring. so i think that 2 point distinct issues and 2 separate problems. one is sort of the inflation caused by the monetary injections in the system, this enormous expansion of the artistry and i've been expanded currently to places almost mechanically building to the supply chains. i think it was entirely

unrelated, though, it also drives up prices, and that is basically that the port of los angeles has a problem in terms of the congestion and in terms of unloading. and i would say this is specific to the rest of the world, not having these problems. so you could wait times in rotterdam or m t work or singapore, shanghai. they was about a little bit higher and a bit lower. what it's the same, what's really the problem is california and it seems that the state of california has always had a very ad to say, relationship, the trucking industry. and that is really was pushing that weight. so this supplies inches, people to global supply chain, you know, this is a california supply chain issue and specifically los angeles, one should be address, well, act avia. and you know, when americans hear that there is a supply chain issue here in the united states, that's a global supply chain issue as far as we're concerned about. so interesting to point out there about your notes about los angeles as well as there was some data

published back in may that showed that the port than los angeles and long beach were 2 of the worst operated ports in all of the world. i think there was like both of them under 300 out of 350. so absolutely bizarre there as well. but i want to hit on another story here. some of the world's biggest brand, they're passing on higher prices to consumers and are warning any policy makers sitting on and placed the inflationary fan that things are going to get worse. how much worse are they going to get? well, i guess we're gonna have to wait and see how much worse they can get. i think they can get a lot worse. but i want to touch on when a tabio is talking about because there's a couple of really important points there. you know, he mentioned about the fordable angeles and in the port of long beach, and he says it's a california issue. absolutely correct. but the reason it becomes a national issue is because about 40 percent of all goods that come into the united states come through those 2 ports. so there's a huge impact on the rest of the country. he's also correct when the it's, it's not just a port issue though it's, there is a supply chain issue in the united states in terms of our trucking issue. so yeah,

there is an adversarial relationship between california and the truck and truck drivers. that's true. but there's also a shortage in this country, about $60000.00 truck drivers, not enough truck drivers to get the those goods out to the rest of the country. so there are enormous problems with that supply chain. now, as a result of that, we are watching prices rise and that's only part of it. obviously, you know, it's the monetary policy, as you mentioned, is having an effect. but what else is having in effect is the lack of having supplies on store shelves. and so a manufacturers are warning about as this, and this is a, a very real problem that's only going to get worse. and it's, and it's been kind of a exacerbated by not only the, the fiscal policy in the monetary policy, but the incompetence in being able to get products out the store shelves. and, and the idea that we have a transportation secretary who's not present right now, not to be political it's, it's a matter of just getting out there and doing your job. it, this is a crisis that does not even need to be happening. it doesn't need to be taking

place, and yet it is, it is building and taking place as a result of incompetence and certainly a lot of warning signs or should flashing, especially when you're hearing that it can get worse before it gets better. boom, back benson and octavia mirandi of openness. i'll see, thank you both for your time and insight on this one. and the boring company founded by tesla c e o l i must just got the greenlight to build a new underground loop system in las vegas, nevada clark county approval approved the project describing it as a 29 mile long track. that will eventually include $51.00 stations, the boring company estimates construction will take at least 3 years with up to 10 stations built in just the 1st 6 months. now the plan is to eventually move around $57000.00 customers per hour. but this is, of course, just the latest installment of the cost was in an old plan. and the 1st loop hasn't exactly lived up to the hype. the 1st version which consist of 2 tunnels and 3

stations under the las vegas convention center, was supposed to move around $4400.00 passengers per hour. but so far it is only able to move just over $500.00 passengers for hours and not exactly what you want. and when they designed it, when they pitch it, they say it's going to be the self driving test, but they're driving through the tunnel from place to place, going straight to her. but the fact is, they're still driving technology isn't quite there yet. so what they're actually doing from the convention center right now is just having a human driver driving, a tesla from place to place. and also, i mean, as you know, i was just in las vegas last week. i appeared on the show from there. and the fact is, i don't know the traffic is bad. that bad in that city to actually necessitate this . yeah, well certainly me fascinating to see you on matthews is this to kind of pitcher further, maybe go to other cities. well, and another interesting point is going from hotel to hotel. there was actually a exclusivity deal with the monorail there. but that, that company went bankrupt in 2020 and that's how tesla was able to get it on time

. not for a quick break, but when we come back, former us president donald trump has finally no plans for his own social media outlet. we'll go over the details on the other side as we're going to break here, the number that the quote i ah russian strategic patience with the west, particularly with nato and the you appears to have come to an end. the west is hell bent on lecturing. moscow negotiating and dialoguing among equals hasn't been part of the equation for a very long time. the west is making

a serious strategic error with us to point, but also with a finley daniels purely a little fish with me to just was i just glued say that him and then you would you that is images, but it goes up was good for supposedly good, have my did, some i would share with me is it is in which is was prince filica, mom the let's with your home was out of the to get the voted for idea for this all of your plan. a dumb way up. all of the fella we've been trying to continuously to the shelter from bush up with

join me every thursday on the alex salmon. sure. and i'll be speaking to guess in the world of politics, sport, business. i'm sure business. i'll see you then. oh i wrong, i just don't know. i mean you will have to shape out these days because the attitude and engagement equals the trail. when so many find themselves will depart, we choose to look for common ground with

welcome back. former president donald trump, is giving new insight into his plans to launch his very own social media platform. months after you was suspended by the likes of facebook and twitter. now, according to his statement, the plan is to call it truth social. it's a project under the wing of the trump media and technology group that is going public on the nasdaq, through a spec merger with digital world acquisition group. now, following the news, digital world stock was halted at least twice on thursday, as it serves as much as 160 percent. and back to cnbc noted, the company became the single most actively traded stock on the fidelity platform. with more than 260000000 shares changing hands by the middle of the day. so what does all of this mean for the future of trumps platform? well, joining us out of the staff is legal and media analyst, lionel r. i a lionel. we know that we have been hearing from trump kind of hinting about

a possible social media platform of his own for months. so what do you make of the timing in the way his team is pursuing this project? well, already is under attack, so that's not a good side already is being defaced there, act and there is a bull's eye on it as you could imagine. now let me, if i could separate my analysis if you will, from if you will, content versus business ah business. wonderful, that's terrific. but let's do a couple of things. number one, don't tell somebody that you're going to reinvent news. you're not going to reinvent news. they do that all the time. what he should be saying is very frankly, is that not that he's going to go after cnn never mentioned the competition, especially competition that failing. also come out and say you're going to do basically pro, prevent or to prevent, promote the greatest news platform ever talk about it as just a regular platform,

but not as some type of vengeance against those people who shut me down. because then it becomes. 2 purge at all, then it becomes all about me. now this may be really exciting, but friends, i've got to tell you, look at all of the look at the latest getter and parlor wrench modular. when i get into keep dragon easy. whatever happens, and also not to bo dome, but you know, and i know that under some law, some rule either apple discontinues in the saddle, i blows up. they're going to go after drop. it's going to be, i don't want to be a cassandra or our doom share, but all indications are that they're not going to let them say a word. he'll violate something don't pass you was, i mean, can't you see this happening? is it, i mean, i wish him all the best, but yeah,

i heard what is interesting. i haven't read where they're hosting this. if this is going to be an amazon web services that my dad causing some problems for sure about why, you know, typically a company has already launched before it goes public. what does trump have to gain from actually going public through it's back more merger before the platform or as the platform is actually launched. i have no i have you ever heard somebody have you ever had somebody present somebody to you and you think yourself, this is the most stupid thing with her? i must be missy. i must be missing something. i'm embarrassed to say this. does this make any sense? and also you want to have the grandest roll out with the greatest? do i have to tell you who is going to be? probably most probably in his list of folks on his, i mean you can, you know, was going to be if it's going to be

a rehash of fox news if it's gonna be news mags, or whatever it is. if it's going to be another regurgitated re package, read formatted conservative news program. we've had this before. if i were trump, i would say i'm going to do the most of graduate, you say brightens, which is a good point. i want to have it already done before i announce it, but i would never mention anything about january 6 or my own particular travails. i would say i'm here to compete with the rest of the news platforms irrespective, we're going to have everything. and by the way, if you look at the terms and conditions of what can and can't be said of this program, i would also make sure you can't tell other people that they can't speak open platform, which is dedicated detroit. so are you, do you really want to open up the floodgates and let your detractors come forward and contaminate your free speech platform with free speech? i was gonna say if you would certainly think that you would be listening to you on

that one. but of course, we'll continue to follow and see what we get from truth social whenever it finally becomes an official blog where i'm legal and media analyst line on. thank you so much for joining us today. thank you. thank you very much. and finally, the n b a is kicking off at $0.70 season, which is with its 1st crypto currency sponsorship deal with the trading platform, coin base. now it's still not clear yet what all is included in this multi year deal, but it is expected to include a brand presence during and be a games, as well as a number of partnerships with leagues and include the w, n, b a and u. s. a basketball and a statement, the n b a. so the deal will consist of unique content innovations. activations, inexperienced from coin base, to educate fans on the increasing enhancements happening across the crypto economy . now while this is a 1st for the n b a as a whole, many other major sports have embraced crypto related sponsorship opportunities. one company crypto dot com has made 400000000 dollars in deals over the last 12 months,

having become the official crypto platform partner a pair saint germaine as well as fighters wearing their logo at you have see event . and earlier this year, the company also signed a $100000000.00 sponsorship deal with formula one. and as the amount of b playoffs are currently taking place, the league umpires are actually wearing the logo of crypto exchange f t x on their uniform, which had a huge evaluation news come out this week. wow, that's absolutely fascinating. i mean, we're all talking about these crypto platforms, it seems like it would only make sense that they would take their way into major sports. i mean, if you watch sports today, especially in the united states, you get 2 major ad groups. you get crypto and sports betting both which really come on the scene heavily in recent years, so that, that for the time you get boom. but on demand of the portable tv app available on smartphones, tablets to play in the apple app store by searching portable tv for one tv, you can also be downloaded on samsung smart tv or roku devices,

or simply check it out at porterville dot tv. we'll see you next time. ah ah, ah, ah, it's been decades since the fall of spain's fascist regime, but old wounds still hasn't hailed your interest in going into them throwing disorder. because when we find out the law michel fee to market people to miss a powell said cutting me on the percent the say me know that i just and i think working with thousands of newborn babies were torn from their mothers and given away and forced adoption they don't a late bought about i used young ford fiesta that my old robles, i feel about them. and to this day, mothers still search for grown children while adults look in hope for their birth parents. when i see black america, i see part of my so when i was growing, young,

black american spoke to me when white australia did not have those 2 side, black life matter is a movement, we are importing from america. no, nothing of who we are. i lived in a world where white lodge mattered, and i was not wise. like ms. newman and i wasn't known from black america. i learned how to speak back to whitefish aboriginal people here. i'm more every day. we're out wanted them now with the police were at war with statistics. 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 there are other sheller friends in daycare

through with had lining this, our poland demands that they need you re, its national laws despite increasing pressure from brussels. marco says it's not surprised by extremely aggressive rhetoric from nato states itself, to germany, calls for nuclear weapons to be deployed near brushes, boulders, and highly vulnerable patients are risk in the u. k. as doctors confusion gross over the difference between a 3rd dose of a coven vaccine. and the booster as well as which is the correct order to administer the the people that's giving to think action the doctor sacred? no, nothing about the dead gentleman. you know about the bishop i'm feeling i'm feeling the groups that this information is not being given out correctly. ah.