by the way, insisted that steeled source was a deep cover source inside russia. he turned out to be an alleged fraud deep inside the america, which, incidentally, the russians, had said all along this dossiers and total hoax, absolute fabrication and utter nonsense. the kremlin does not collect compromise in information. much of the mainstream media seized upon the darcy with abandoned, with almost religious ferocity. they preached steals word or more british intelligence officer behind the dossier that contained explosive allegations. and i'm present donald trump. he also addressed the dossier of alleged dirt on donald trump in russia. the report included unsubstantiated claims that russian intelligence compiled a dossier on mister trump during visits to moscow. abc, cbs and nbc alone, dedicated an estimated 2634 minutes of anti, which is,

which is mind boggling to peddling. the steel dos it on the other had up until the 8th of november. they spent the grand total of 0 minutes talking about the fact that the f b, i arrested steel saws for making false statements. think about it. they spend days, literally on air pushing propaganda dressed up as a dorsey and wouldn't even mention that it all turned out to be false. or senior correspondent that we spoke to, to political analyst, max abrams, explain why the mainstream media don't want the facts of the story to be reported. mainstream media does not want latest information to be known by the american public because what the information shows is that rather than any objective nefarious ties between trump improved but the entire

impetus for russia he was hatched from the hilary clinton campaign. there has been very, very little accountability in the media really just wants to move on because of course, the actual content. very much implicate the media and make the democrats look absolutely ridiculous. that's it for this news edition. my name's kevin only about with more, just about half now between now and then stay with the city council boom bust all the t may with you right after this break. mm. mm hm. now look forward to talking to you all. that technology should work for people, robot must obey the orders given it by human beings,

except when such orders that conflict with the 1st law show your identification. we should be very careful about artificial intelligence. and the point obviously is to race track, rather than fear a job with artificial intelligence, real summoning with a robot must protect its own existence with a ah shoot,

this is boom. but the one business show you can't afford to miss on bread to bore in washington coming up. the united states is facing an inflation rate that it has not seen in decades straight ahead will bring you the latest figures in what it means for consumers. as the holiday season, fast approach it and charges have been levied against the hackers that reeked havoc on american companies. over the past year, we'll discuss the deities pursuit of the cyber criminal. then we take you inside the troubles of tesla. as the evie titan has seen its stock slip in the last week as the ceo, keep the company in volatility. will lay out the chappie saga. got a lot in line. let's go. we lead the program with the state of inflation, the world's 2 largest economies. inflation in the united states had a 30 year high in october. the labor department reported wednesday that the consumer price index row 6.2 percent year over year. the highest rate since 1990

with a point 9 percent increase from the month of september. a whole host of issues are driving up prices including pandemic induced supply chain constraints. rising energy crop costs an increased consumer demand. meanwhile, factory gate prices in china rose at their highest clip and more than 2 and a half decades. nations beer bureau of statistics released figures on wednesday. showing producer prices rose 13.5 percent year over year. the biggest increase since 1995 cost for the materials wholesalers buy from producers has been trending up in recent months. as china dealt with coal shortages with the energy crisis, causing upward pressure on commodities with these numbers out pacing analyst expectations, what is the outlook for the worlds to most crucial economy? plus, joining us, discuss our friend tolbert smith. he's the ceo of transformative research tobin. it is always a pleasure to have you on the show, and i know we beat this drug pretty much every time we talk about inflation. but the bad content,

it's all transitory but we keep hearing warnings that it could. we could see high inflation for that least the next 6 months, while goldman sachs issued a note on sunday saying a place it's going to get worse before it gets better. where do you see it? how did it? well, i never took my newsletter, but just let me tell you what i sent to thousands of people yesterday. which is that when we had low inflation, there was a whole bunch of reasons why we had low inflation. and one was we had a lot of people to work for. second was of course we had e commerce taking prices down, making more competition. we had the go baby go fracking, you know let's, let's drill a 1000 wells a week. even though we didn't know where they're going to make any money, everything was going right. well now, brett, everything has turned sideways or in reverse. and the fed, as measured by the fed features, interest rate futures. we were looking for a rate hikes in 2023. now we have at least 2 rate hikes. one started in july,

probably one in december, and then september perhaps 3 because the genie is out of the bottle. the fed knows it now want to panic, but i'd be prepared to keep our values inside the fed room right now because we have sticky inflation. every part of the in place and curve prices are higher, the band is higher. so we have poor push inflation, and we can't push inflated. i've never seen it before, and i've been doing this a long time and toe, but i wanted to clarify something about in place. and because i, i respect your genius here on the program. but the reality is we obviously prices go up, the inflation rate will eventually come down. but will we ever see those prices actually come down for consumers or is this kind of going to be once we hit that top end and we start to level off, is that just the way of life from now on? well, look at in the longer run, you know, the beauty of capitalism is that if, if i can make something cheaper than somebody else can,

i'm going to get it out of the market. i'm going to gain market share. so, you know, let's take all the industry together, but price inflation, you know, when we were starting this, it was all got rental cars or used cars or, you know, a parallel to china. prices have gone up, but it was not systemic. now that is systemic. and unfortunately, the way that you crush inflation is you raise interest rate still point that you take the marginal demand out of the out of the, you know, at cars, home prices go up, home mortgages, go up yadda yadda yadda. we're not there yet. but, but if we're going to start rate him, remember rate there at 0? look at the wage hikes, we have 8 percent, you know, 60 percent way type. but now there is 0 because of the inflation cost, the higher prices to buy food and clothing and water, and boom and everything else. so we've lost the wage heights. that's going to people too who are selling products, who are paying a lot more to put their products out. so they're not making anybody, you know,

any more money we so it's going to take years, not months. and you know, the risk here is that if i own a tech stock and sells for 50 times, it's revenues and makes very little profit. and all of a sudden i got a discount. those, those earnings by 2 or 3 percent. that means those stocks are coming down to now i want to go to you and you got to match of the chinese producer prices that we talked about there at the top of the show. i mean, is that causing this ripple effect into the u. s. with, as we are so reliant on these chinese manufacturing as well. well, it's one of the components brand, but remember, even if they produce the stuff they can't get it to their customers because of the supply chain delays. and you know, we said this before, when you think about a supply chain, one chicken, that armor slows everything down, and right now the chicken armor is as they can produce them, they can give them the customer if the customer can't get them to,

then they're going to the prices of whatever amateur they have on, on hand are going to go up add. so it becomes a self reinforcing feedback loop. use that term and think about that because that's exactly what we're in right now. is higher price but gets a higher price. and then you get into a demand issue right now, strangely, as prices go up, we have more demand. why? because we went through the friggin pandemic and you know, people put off buying a lot of things. people put up a lot of services. so we've never had where you had actual production prices going up and demand still going up. never seen that. i can remember. and that's what so insidious about this type of inflation push. pull, pull, push, and i know we tend to have you on it with your invest your accent on the program or a lot of big coin hit record highs early, where they just shy of 69000 dollars that the inflation data was released as a crypt sector is this kind of real bull run lately. do you see it as

a legitimate inflation hedge? well, i would commit, you know, maybe 5 years ago i would not have. but i think the 2 things you know, we've talked about a bit coin is number one, if you believe in it, you believe in like religion. and there's $7200000000.00 people connected to the internet, who for a dollar can buy bitcoin. so if you then go to make the 2nd leap, that since there's a fixed amount of bitcoin and an unlimited amount of currency that it's the true, you know, gold, digital gold in that case has been made pretty well right now. right? so gold is going up. silver's going up, because going up, those are classic inflation, real estate, those are all classic inflation deals. i feel like i back in the 70s. get my goal. i'm buying homes again. we're investing in the home builders because it's changed, man, it's changed tobin smith. i know we tried to solve all the world problems and we probably didn't do it today,

but we put our best effort in helping us of transformative research. thank you so much. always a pleasure and a follow up to one of the worst ransomware attacks in us history. the us justice department has charged to man accusing them of being involved in a cyber attack in july of this year. that effective as many as $1500.00 clients of technology provider can say at court filings on monday show you're a swab basinski who was arrested in poland last month and your guinea, pollyanna, and were charged with conspiracy to commit fraud and conspiracy to commit money laundering along with several other offences. according to the justice department, the 2 were acting as operatives for the hacker group are evil, which was also allegedly involved in the ransomware attack against global meet supplier j b. yes. the charges come in. the united states has made dealing with cyber crime, a huge priority after these 2 high profile situations, as well as the attack on colonial pipeline. joining us our discuss what we've learned from these latest charges and some other cybersecurity news today is morgan

wright, chief security analyst at that no one and former senior advisor, the us state department, anti terrorism assistant program. morgan, always a pleasure to have you on the program. i want to start with this. i mean, what did we learn from these new charges? did we get any insight into the tactics of how these cyber criminals were actually operating? no, not really, brent. i mean, this is, i don't want to discount this, but this is the equivalent come equivalent of d coming out saying, hey, we just arrested 7 guys for someone to if we got to 8 balls, if we just stop drug trafficking, as we know it in north america, this is not any words near close. they got $6000000.00. that is nothing but a rounding error. and when you look at the amount of money and we're talking into the billions of dollars that has been lost ransomware. so does it strike fear into the heart of other ransomware operators? maybe a little bit, but the thing that's more interesting about this is extradition has always been one

of the biggest issues you can indict all the people you want. but if you cannot expedite them and bring them back to the united states, nobody wants to come to the united states. pablo escobar learned that nobody wants to come to the united states, l. chapa, learn that well. we've got to start applying that same mentality to ransomware people and the fact that they were been caught commit or the ukraine going into poland or some places like that. that means that we're sharing information and intelligence. so that's good. but are we going to stop this? i don't think you're going to stop it because these organizations still operate in places. we can't touch them and somebody will if that i appreciate you coming on and actually given a straight talk to her as well as maybe this isn't as big as they make it out to be . some analyst pointed out that going after affiliates of these organizations, like the 2 men who have been charged, can be very effective because of their skill set knowledge of the situation, saying it's even better the maybe going after are able themselves again, maybe they're patting themselves on the back, but does that make any sense? you know? no, not really cuz guess why this?

there are so many affiliates out there. so they got one little branch of a multi branch, you know, organization, all these affiliates could they have some unique skill sets that if they weren't able to apply those, that might slow this thing down. i will tell you, here's, here's what i noticed. i didn't notice that i didn't notice a change at all and the number of rents more tax occurring. so the rest of these guys, what's changed? quite frankly, the answer is nothing, nothing is changed. nothing's changed until you can actually take out the organizations or the other thing we have to do. brent is start changing our terminology. we got to quit talking about responding and recovering. and we've got to start talking about investing in technologies that stop and prevent otherwise, you get the equivalent of a fire alarm in your house and says, congratulations, your house has successfully burned down. i don't need that. what i need is something that stops the fire from occurring in the 1st place, stops the ransomware attacks from happening. that's the only thing we can control from a country standpoint, from a critical infrastructure standpoint, is to stop the attack. we will never stop people from wanting to launch the attacks

against these and is the answer. they're really money. i mean, when it comes to like a private company, i mean, we know that they're basically doing the bottom line situation where there is technology experts who are say, know, this is how much money we need to spend in the company saying, well, we're willing to spend this much and there go okay, well that puts you 5 years behind the hackers. so is that really the issue? you know, it's the mentality, brent. you know, i actually, i have a meeting coming up with some folks from both sides of the all coming up this weekend and my message to them is going to be the problem. is that the problem? the problem is the way we think about the problem and that's not even what counts the way. the problem is the way our adversaries think about the problem. and that's what we're really behind. we're behind on the way our adversaries think about the problem about how the hackers think about the problem. so if you're going to spend money, spend it on investing in newer technologies that can automate responses to these things. would you rather have the old version of the fire department where they ring the bell? 5 guys run out, hop onto a horse drawn carriage and come out and pump the water under your house. or do you

want that fire suppression system that automatically detects it? and stops the far from spreading. that's the mentality we gotta get to unfortunately, federal procurement and some traditional procurement is still buying the old stuff . so it's the joke of yesterday's technology tomorrow. we'll solve all our problems . not really on that. and that's why i would say it is, does that technology exists and is readily available for, you know, especially critical it. and so it does. okay, there you go. now i have a couple of one more point here about are able before we move on, if we have time here, because the groups involved in these 3 or 3 of these recent high profile hex including are evil. and now they were actually shutting down operation shortly. afterwards, you actually believe that or are they just scattering to start under new name? now, gan crab, one of the most successful wrench, more organizations of the world got $3200000000.00 our we're going out of business . now. they're back. i mean, this is, you know, all this is, is, this is under new management. they think if they re brand, you take the focus off of the old name, and now we have a new name, but it's the, it's again, i go back to drug trafficking organizations. this is similar. sinaloa cartel,

one day's marrying. cartel the next. it's the cali cartel. we still have the same problem, it's just under a different name. that's not going to change what happens. you can change all the names you want. we still got a problem with rent more mortgage, right? i really appreciate you coming on to the labor these issues that fortunately it just sounds like we're think no nobody's prepared to handle this. it's going to get worse before it gets better. but i do appreciate your insights at it. you bet brent and time now for a quick break, but when we come back, the last week has been less than stellar. for the world most valuable car company, a pestilence deal on monday. we way on the company's stock will break down what is happening. investments should be worry. let's get a break. here are the numbers of the quote

badges, financial survival guide. when customers go buy, you reduce the price. didn't help. well, reduce a lower that's under cutting, but what's good for food market it back to the global economy. with welcome back of it's been a wild couple of days for elan la, scanned the stock of tesla 1st let's talk about tesla which saw it stock closed

down almost 12 percent on tuesday after ceo ellen musk over the weekend proposed selling 10 percent of the his shares in the electric vehicle business as a result of teslas, dock dropping. musk himself lost $50000000000.00 in just 2 days that i want to repeat that $50000000000.00 in just 2 days. it's the biggest to day decline in the history of the bloomberg billionaires index and the biggest one day fall after jeff bezos is $36000000000.00 plunge. following his divorce from mackenzie scott and 2019 to discuss, let's bring in boom, boom, co host band swan and christy i. christy, i want to start with you here, break down for us. what happened to teslas dock and how much tweets have actually impacted that? yes, as i share their down sharply after the result of must twitter poll came out with his followers telling him that guess he should sell out. so must cause vocally oppose this entire point to plan to tax capital gain. but he has said that he would

abide by the results the pull, whichever way it goes. so while it kind of looks like he's getting his loyal twitter or twitter followers, a choice, they really didn't have a choice here because much was going to sell one way or another. so i do think it was kind of genius to try to give people the illusion of choice as if he was behold into a dom twitter pole. so no matter what the result of the pole would be, months would have likely started selling millions of shares. this quarter, given the stock option, he was awarded in 2012 coming to experts. so the gains on those shares total just under $20000000000.00. so in order to exercise them, must cause to pay the income tax on the gain since the options are taxed as an employee benefit or compensation. so the total tax bill on his option at the current price would have been about $15000000000.00. and since he had limited window in which was sel stock, musk would have likely had to start with the sales over the next 2 quarters in order to pay that tax bill. so

a sale wasn't habitable either way. it just that now he looks like he's a good guy for abiding with a public opinion poll. unfortunately, for total stock though, it's reacting as any stock would to an inside or selling a huge block of shares. and the market is now preparing for a flood of new shares to drive the price down. now, bad when it comes to the social media side, a lot of this drive seems to be tied to those must tweet that you just pointed out . but how much do between really impact a company that actually has so much upside right now? well, i think it impacts that in exactly what you said. there's one of 2 ways. so either you don't say anything you just are selling and then the price falls even further. i think you would see a much further drop in just fall for sent if it, all of a sudden the founder of tesla begins selling huge numbers of shares and no one really understands why. because look bad. but if at the same time you've already gone through and it is a charade, to an extent, you've got the charade of putting together a twitter pole. we've gone to a charade of allowing the people to speak and decide. should i sell and they're

like, yes, sell, all right, i'll do it for you, but you're not doing it for them. you're going to have to do it anyways. so and on some level, it does stem the tide of fear in the market to say, oh my gosh, why the why must selling? well, there's just twitter probably doing it because people told him to that sounds better than i'm exercising, is that i have to exercise from a contract that's almost a decade old. so i think there is certainly a way of using social media in this way. look you up whether you like him or not. and who does that project basis? but what do you like him or not like? he is a genius when it comes to utilizing social media to either drive the price of crypto currencies and coins that he likes to drive the price of test lead to drive the thought. mean he is very good at utilizing social media in a way where the fcc can't really do anything because it's not really seen as giving insider information. but he does it just enough to build a loyal following. so i think he played it about as well as he could have chris if you agree with beds assertion there that i mean it would have dropped any way bigger because it would have been like, oh no,

the ceo of tassel or some whale for that matter. is selling, you know, basically 10 percent of their shares. so would that have happened? had they not done this? absolutely, it would have dropped a lot further because everybody would have known it has to be a month because one, nobody has that many shares to begin with to sell 10 percent of tesla. he is one of the biggest shareholders ever. so he has to be, the de facto will not to mention as a fee of a company. you actually do have to declare every single time you plan on selling it . and you do have to start them every single quarter. because as we said, you have limited windows and weeks in order to sell, you can't sell them a form or earning calls, etc, because that would be considered market manipulation. so because of that, now people actually have a reason, and that's the thing. people like having reasons for why a some x y, z name or crypto current. these either going up or down uncertainty is the biggest fear in the market when the market doesn't know what's going on when it doesn't have any explanation for whatever movement. that's when people have fear and panic, and that's when you have a lot of volatility in the market. but when you do have something to point the

finger to such as this quarter pulled, that looks like all the people actually had some sort of say or opinion to make a billing or do their bidding. that's actually very powerful. so i agree, even though not the biggest fan of month, i agree that this move on his part was absolute genius because pains him as the good guy he's doing what the people want him to do. he's doing it for the people, apparently not for himself in order to fell out of a huge chunk in nor exercises, even even though he knew for himself. of course, christy, do you feel like i mean with this situation? obviously people on the top and were just trying to get out with as much money as they could, knowing that this would eventually happen. so we'll, that stock will eventually rebound anyway, after all of this plays out, correct? i think the stock will rebound, but let's not forget that tulsa is a big momentum name. and the reason why it's a big momentum name is because law must, has post themselves as a figure head of this entire company, while 10 percent of his shares. it's not that much, it still means that he is less vested in the company,

so i don't think it diminishes him in any respect from tesla. but i do think that as time goes on, if he starts showing more and more shared people will start getting the image at o. tesla is no longer the baby may be focusing more towards space acts and he no longer becomes that influential. because let's face it, we're actually valuing tesla based on the actual market share based on sales of actual cars. it's not the, it's not worth that much. there's no way the stock should be this high. so a lot of this is because a cult momentum in the name of the law must that propels the name. i oftentimes good question, the idea that tesla is the most valuable company or car company worldwide. when they sell, you know, a fraction of the car, say toyota does been before we go mosque. recently tweeted that he would prefer to stay out of politics. but his lobbying efforts and tweet indicate that may not be the case. i have about 45 seconds left for you. yeah, i mean, you, i'm up is not interested in politics. he's actually pretty political. what he is. so is he's not partisan and i think you have to separate those 2 things. you must

kids lobbying the i think $2000000.00 is what they spent the last year between test lines base x, which is a lot of money. but at the same time, it's not a lot of money in comparison to how much money that company actually makes. as a result of government policy, you know, we talk about and the value it has, its real value comes from either being able to get tax incentives and being able to get government money or, or government programs that are driving everyone towards that. that's the real value of it, but i do think that you almost for his part is pretty non partisan. he's an equal opportunity offender in many ways he gives to both sides, criticize and both sides. i think what he wants to be able to lean into politics when it's convenient for him, but he also doesn't want to draw the higher of government too much, which he seems to be on one hand draw personally. but again, all of his companies benefit magnanimously as a result of government intervention and government taxpayer dollars. that's why he is the richest man in the world. i was gonna say it seems like he doesn't want to pay taxes that he definitely wants to make sure space x. tesla is involved in

whatever government contracts or bidding they can get, boom by ben salon. and christy, i think you both get finally, a major acquisition in the world of entertainment. as iconic director peter jackson is selling most of his digital effects to the weather, to unity for $1600000000.00. now, unity makes one of the most popular game engines for video game development. and where does technology has been used in blockbuster films, including the lord of the rings, an avatar. as part of the deal, jackson studio will be split up with the assets being sold to you to unity as digital. well, the visual effects company. what our fax will remain separate, but is expected to become one of the biggest client the company say the deal will quote, democratize the industry, putting the quote incredible exclusive and sophisticated visual effects tools in the hands of millions of creators and artists around the world. and that's it for

this time it gets boom, bust the on demand on 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 just check it out at portable dot tv. we'll see you next time on. boone bus to what we've got to do is identify the threats that we have. it's crazy, even foundation, let it be an arms race is on offensive bearing dramatic development only personally and getting to resist. i don't see how that strategy will be successful, very difficult time. time to sit down and talk with

who did medically then showed supplies thousands of migrants camp still at the border between belarus and poland for a 3rd night of correspondence at the sink. evidently this girl at the french now she's bleeding in. she needs help. but the problem is that there are no medics around. there are no doctors around and i was really, nobody knows. well how to deal with this cove? a cash roma. turner is locked in a bits of battle with the u. s. government of the lucrative rights to its vaccine. and with a proven to the discredited from russia, dosier under way, we look at how the mainstream media and the democrats are refusing still to face the facts.