politics, sport, business, i'm show business. i'll see you then. mm. i miss with the boom, but the one be the show you can't afford to mit unbridgeable. and i merge of love is in washington. counting up the bank of england becomes the 1st major central thanks to rate interest rates breaking from the traditional health and the beginning of the pandemic. we'll take a look at how the markets are reacting. plus, we have free market economy. we should be able to participate in that. that with house bigger,

nancy pelosi defending the members of congress who buy and sell stock while in office straight ahead. will discuss the debate to running the controversial practice. and the supply chain, whoa, is, are showing no signs of slowing down to back up and taking it on auto sales in the industry at large. later on we get an insider's perspective on what lies over the horizon for global car sale. going a lot to get to go we leave the program with the world 1st, major central bank to raise interest rates since the pandemic began. in somewhat of a surprise, move the bank of england confirmed on thursday that it would move forward with its plans to raise rates from point one percent to point 25 percent. now, governor adria, bailey. acknowledge that the decision comes as the spread of the amazon very, it begins to affect the economy with retailers already feeling that impact. in fact, the u. k. just broke its own daily record after registering more than 88000 new coven cases on thursday. up from the previous record of over 78000 k sun wednesday

. now, governor bailey noted that while there are concerns about demand, there are also concerns about skyrocketing inflation as the rise in annual prices, a 10 year high in november he said the move to start raising interest rates was in an effort to get that inflation has been around the world continue to increase their predictions for next year. that's also the case for the european central bank, which admitted that inflation will be well above its 2 percent target. however, while it is pulling back on some pandemic aid, it declined to raise raised just yet. and we've all been waiting to see how markets will react to the federal reserves announcement that it will speed up as paper and consider multiple interest rate heights next year. but that negative reaction some are expecting, has yet to happen. so joining us not just all the way this is michelle snyder, partner and director of training research and education for the market gauge group . michelle, it's great to have you on the show today. so what do you make of the reaction we've seen from market so far? i mean, not only do the markets not fall in response to the fed on wednesday,

but they actually came close to record hiv. well coming close is like almost surviving the operations. so even though we're still, i think in surgery right now, there's still a lot of, i think people trying to figure out exactly what all of this means. basically, it looks like what, how said yesterday, even though we talked about the speed of the paper and he talked about to raise the rates 2 times the dot plot actually show 3 times. he didn't mention that it seems to me that it really. ringback looks like he still believes that inflation is transitory. and if you look through the notes, you really can see now that he's talking about basically a 2.6 p c rate that will go down to 2 percent in 2023. so that's personal consumption expenditures, that's transitory in his mind. i think the market didn't necessarily believe it

today, and that's why we saw finally some movement in the precious metals. and really we attempted the new high, but we've come off and these sectors that keep really falling are showing no signs of strength here. retailed small caps in particular. and so i think that's kind of right now. we're still in the digest mode and we're definitely in the fog in terms of exactly what central bank policy will be if they have to get more hawkish, will they? and to that point, we've heard so much about the possibility of a taper tantrum as they call it. investors may have built up trust that chairman power will communicate before he takes action, but is there is still concern. as central banks continue to admit that their forecast for the next year were to a certain extent, wrong, even though as you just mentioned, paul really isn't admitting he's wrong. he's just saying it's separate to the longer temporary than we thought before. will certainly, if he does anything to surprise the market, but he's in a really difficult spot right now because of exactly what we saw on the market

action today. 24 hours after the announcement, the market is back to the reality of g. although in this case we also didn't see the go stocks lead like they've been classical leading lately. so right now, yes. so if we could potentially still see somewhat of a tape potential, if the policy changes, but i don't see that happening right now. so i think that the whole market, even though england showed some leadership in terms of raising the rates i, you know, we're looking at, he's talking about a 2 and a half percent rate. maybe at the end of 2023. if we go into any more inflation, which certainly looks like we will, he's either going to have to get super aggressive and then totally destroy the economy in the market, or sit back and just let the inflation get out of control. and it seems like they've kind of sat back in land blazing, get out of control a little bit as we're getting to this point. now, when it does come to those rising prices, there has been a lot of talk about the inflation hedges. people are turning to and of course

whether crypto currencies like bitcoin or a trustworthy choice. now it comes as no surprise that major central banks would be against this. but what do you make of the bank of england specifically telling investors that bit coin could become court, unquote, worthless. what we've heard so much rhetoric from central banks from governments, i feel the whole story that russia is going to bankrupt currencies or get to think, forges on. so obviously you can control the crypto currency space. that's the whole point. what we've also learned is that a big coin is speculative and ours have exposure to what the team does. so yesterday are in the last several days when the market crash, so big coin when the market started to rally. so did big coin as today when the market started to roll over, started bitcoin. the question is, at what point does that actually separate? and that's different than block chain technology by the way, which looks like that here to stay. so i think that right now,

worthless would be maybe central banks dream, but certainly not going to be ality. right. and i made it for one. we could see anything could become work, but a, an equity, a currency of the can be. so yeah, that's a warning, but it's a reality for almost every investment that you might be making at this time. now, as we talked about there, we've kind of record high after record high and market since it's pandemic. we can't. what happens if that record kind of comes to an end soon? what is the average investor looking at there? we have about 30 seconds for you. well, i think basically what we're already seeing a lot of movement into the defensive plays like utilities, for example, and consumer staples and you say may see more of that. this is we'll have to look for places that are new interest pricing power. in other words, they don't have to pass on higher costs, the consumers, things that people need and believe it or not, precious metals, which have been so dorman, could actually finally pick up. yeah, it'll certainly be interesting to see where that all goes. and if we end up getting

some sort of tape or tantrum along the way, michelle snyder of the market age group. thank you so much for your time and insight. happy holidays to you. and there has been increasing scrutiny surrounding members of congress and federal reserve officials who buy and sell shares of individual companies while they are setting monetary policy or say, receiving confidential briefings at the beginning of the global pandemic. but how speaker nancy pelosi defended the practice, claiming the u. s. has a free market economy. now, i don't know to set their mind any that we have a responsibility to report in the staff, but i don't, i'm not familiar with that 5 month review. but if people aren't reporting, they should be this is a free market and we are free market economy. they should be able to participate in that figure. pelosi was referring there to the stop trading and congressional

knowledge act passed in 2012, which required members of congress to disclose their transactions. but there has recently been a growing movement championed by democrats, sender elizabeth war and representative alexandria casual cartel. k cortez, which aims to ban congress from trading individual stocks altogether. georgia is not disgusted. our good friend and co host chris, the i, i do find it humorous there that essentially nancy pelosi christie is saying. i didn't even see that report that says that i think it was like 19 to 30 of her colleagues are trading stock. she is the speaker of the house as well as over a 100 members of their team. so i think that's a bizarre statement for her to say she didn't even see the report, but what the latest and this movement to stop members of congress and fed officials from trading, even though they are required to report their trade. has that made any difference? definitely not, and as you said, it would be funny,

but it's really not how hypocritical these federal officials are going after other financial kind when they themselves are engaging conflicts of interest. but i guess that's why they're politicians. the original o g, a con man. so is small, far an insider investigation of financial disclosures found that $49.00 members of congress and at least a $182.00 members of the highest paid capital hill? stafford were late in filing the stock trades during the 20202021 period. so being late requires a fine, but there's actually been no public records existing that indicates whether or not these officials even have these fines. so already you see a pattern or lack of transparency, lack of accountability, and also how congress says a lower standard for itself on financial conflict of interest. manage then on other concerns. so under the stock act, lawmakers and senior doctors who earn at least $132000.00 a year in 2021 must report stock trades of more than

a $1000.00 within 30 days of the transaction or 45 days. if it's a family member, and now obviously all of these trades and probably more went on, accounted for. so now a number of government groups have called for a ban on only stocks or mandating that members of congress put their financial holdings in a blind trust while they're in office. and this will at least limit the potential for benefiting from information that they obtain an individual companies which is just pure insider trading. so last year you had a bunch of stock bills made by senator richard for jim in hall kelly law nor dianne feinstein. and when they made the document in advance coleman lockdown plunge, you also had centered or ran off purchasing shares of drug companies, juliette in 2020, and the clinical trials again for when does appear. but clearly all of those were instances of insider trading. and yet all of these pro ended without criminal charges being filed. wow, that is crazy when you think about it. and of course,

when you compare it to what the average american go through, if they were doing the exact same thing. now why do you think we've seen such pushback against the movement to band leaders in congress and, and the fed from participating? and what you noted there is essentially insider trading is just one of those cases where they know that they're the ones making the rules. and so they don't want to add any additional ones for themselves. of course, of course you see a push time because this will basically take a portion of the early of the way you're cutting into their personal interest. so of course that's why you have just huge pushback. politicians don't care about you or me or the community when it really comes down to it. they only care about themselves and what benefits. so of course they aren't going to support a movement that threaten de themselves financially. and previously, philosophy have quite enjoyed her privileges and insider knowledge back in april of this year, closely helping with using coal options to by means like microsoft ahead of lucrative government contracts. now these rules have benefited her up until now. so

it's just hilarious to me that now we're hearing low see who just 2 months ago was really about how capitalism has not served us well and needs improving. and all of a sudden, a big bold advocate for free market economics. basically, all it took with potentially taking away her husband doctrine privileges. just a few months ago, she was quoted, thank you cannot have a system or success of some spring from the exploitation of workers. so now she's doing a complete 180, and she wants this free market exploiting the insider knowledge that she will absolutely. kristi. i mean, she refers to that free market economy. she's all of a sudden, a free market capitals. but actually to be fair, knowing a lot of people, oh theater history, i would say that she probably does believe it that way. but the fact is, i mean, these are law makers who are setting policy, they could put an anti trust investigation or break up

a company where we know we don't see that very often. but they can do that at their will. and they know all of that information yet can make trade just like this. i what do you make? i mean, i give you the final thought, i guess here at i have about 30 seconds for you, christy. i'm sorry. all the final thought is that right now? we aren't in a free market, it's basically all waived by the inside of the policy makers and the people trading favorites for deals and information to really think that it's a free market. it's an illusion. we're simply the most free our market. it was one of the least corrupt and let the big ones compared to the other options, but by no means is that a perfect free market, like how it was meant to be because policy makers and regulators have now made sure of it. so rule the rule of reporting trade for 3045 days after the fact that the complete job because compared to corporate insider, they have to wait a 121 days, 3 months before they can execute trade, after establishing or modifying a plan to purchase or sell shares,

you even have complete lack out peers at the end of this worth that company info cannot trade compared to the $3045.00 days restriction. that's a complete show. but once again, this is just, i believe is another catalyst for the rise of crypto because right now that's the true free market as a stan boomer it's christy. i thank you so much. thank you. and the front page of the internet is planning to go. public rad it said on wednesday, it is filed an appeal with the fcc. this comes after the company and outs back in august that it raised a $700000000.00 round at evaluation of over $10000000000.00. now, earlier this year, read, it also became known for its wall street bets sub read it on which thousands of users came together to throw their sport behind. companies like game stop and amc, which been cost hedge funds, billions of dollars and losses. now i read it both more than 52000000 daily active users and more than 100000 communities. for now,

it still remains to be seen how many shares read it will offer and what the price range will be. but as for now, the biggest question remains, will the renters who made the mean stock raise happen? also bet on red. it is. this is fascinating to see them now coming out going public and it makes you wonder how it's going to affect those wall street best pages and the people that talk on the i, you do have to wonder, will read it. stock go to the moon or they're going to be diamond hands in the same way because registers are known for being passionate about this site because as they say, it's a democratization of the internet. oh, absolutely. well, we will be here to cover all of it as it happens time. now for a quick break. auto sales had slumped in the us and around the globe. i supply chain backups weigh heavy on the industry. we'll discuss just on the other side. and as we go to break, here's the numbers that the close. ah with

oh right now, there are 2000000000 people who are overweight or obese. it's profitable to sell food that he's pricey and sugary and salty and addicted. it's not at the individual level. it's not individual well power. and if we go on believing that never change is obesity epidemic. that industry has been influencing very deeply. the medical and scientific establishment. so what's driving the obesity epidemic? it's corporate. ah, ah, working room or should never. she popped in. she said, well,

i'm getting ready to go shopping for christmas and i wish there was a girl to buy another, shooting another safe part of american life shattered by violence. the gunman was armed with an hour 15, semi automatic rifle. when the issue comes home, it's time to act when we're aspire was on this issue. the other side wins. by default, the lady that lived over there. i was walking one of the dogs, which is why do you wear again? were you scared? i say nothing. but take it off of me. i think the people need to take responsibility in their own and be prepared if those kind of weapons who are less available. we wouldn't have a lot of the shootings that we certainly wouldn't have the number for is your media

a reflection of reality in the world transformed what will make you feel safer? isolation, i you going the right way? where are you being that direct? what is true? what is great? in the world corrupted, you need to descend a join us in the depths or remain in the shallows. the welcome back as supply chain issues related to the global. so mike inductor shorted,

continue to affect the auto industry. here in the u. s. retail numbers for november, which were reported on wednesday, reviewed the car sales, dropped slightly due to the supply chain issues after growing by nearly 2 percent in october. now, meanwhile, analytics from us markets predict total auto sales for 2021 worldwide will hit just shy of $80000000.00 vehicles sold an increase of 2.9 percent from 2020 and project and sales for 20 $22.00 will be up 3.7 percent claiming the semiconductor supply chain will remain challenge throughout the year. globally, production of new vehicles is expect to slightly improved throughout the next year with an increase of 9 percent. let's go ahead and take a look at the outlook for the industry and some of the biggest stories and auto news with our good friend with the car coach lauren facts. i was a pleasure to have you on board. what do you see as the outlook? what do you see as the outlook for the industry moving forward as we hear these very reports on when this ship crisis may come to and what's the take away from all

of it? well, i've been talking to a lot of executives in the last few weeks or actually in person. so it's been great to get some real feedback. that chip shortage is impacting everybody equally, not one brand is saying, you know, we can get them but they can. so it, it does equalize the industry as far as like, not one brand being able to have an advantage over another. however, every brand is trying to come up with a solution. ford is working with general motors. honey and key are working together and you're starting to watch a lot of groups together. and at the same time, they're going to do what's being called going vertical. so going vertical means they're going to control the supply chain of these boards, these chips. and i'm actually waiting for a vehicle myself and there's a control module missing and it has micro check. so there's nothing you really do at this point. it's just part of the whole process. so vehicles are taking substantially longer to get from production to consumer. and this is not going to

end until probably the end of $22.00. i've heard longer than them i'm. we should been done by this, by now. and it's america. we talked about this year and i and we thought, and we thought it would be done by now, but remember, there's a lot of plants opening here in the u. s. and that takes 3 years from inception to actually delivering the 1st chip. while we know that, especially when we're talking about these issues, they all seem to take so much time in order to be resolved. now when we look at where the auto sector is globally, with these projections, it looks like 2022 will still be off the pace the nearly 90000000 vehicles sold in 2019 before the pandemic was a man continues to outpaced apply. so how much of a strain on the sector overall is it's a huge strain on the sector as well as all the some suppliers, i mean people typically think of the manufacturers themselves, but think about from tires to battery suppliers and so forth. and now we've got a shortage of another product that just got notified to the industry,

and that's graphite. and you would think graphite like an a pencil, but no. this is graphite which is being used in batteries. and if there's a shortage of supply, of course, all of these mines are owned by china. this is going to put a restriction on electric vehicles in the delivery of those as well. and laura and i have, this is kind of a broad question. so i apologize, a but you know, when we talk about all the shortages and especially when it comes to the microwave, does that kind of stifle innovation to is they can't really move forward and start to get into their next phase of what might be the next hot thing in the auto industry right next top thing is adding more safety features that lead to autonomy . mercedes benz is the 1st manufacturer to get approval for level 3 autonomy, which is more of that lane centering while driving where you can take your hands off the wheel. i've recently tested that on the mercedes benz e q. s, as well as the n g q s, and we see what, what technology is coming with 52 inch screens. we're seeing huge screens and that's heavier, less except it requires more chess. so we're going to,

that's going to be the only limitation to moving into that next step and adding more safety and adding more technology and connectivity. now when it does come to that push to add more technology and even that push to go electric, we've seen that a lot of companies are investing the money. they know that they're going to get there eventually. now with the likes of toyota, one of the world's largest automakers pushing to invest $70000000000.00. any views with plans to sell 3500000 electric cars in 2030. there's all kinds, of course, as the vine administration is pushing for the transition. even setting aside $5000000000.00 to establish $500000.00 charging stations across the country is all of this movement actually going to push toward adoption in the near future? maybe? well, it's funny you asked that question because i'm constantly bringing the attention of reality to this. you can put as much money as you want into this. putting in $500000000000.00 is great. putting in all these charging stations across the country is great, but still there has to be adoption from consumers. number one,

and of course, purchasing these vehicles means they cost more, the insurance costs more. and then the charge time, which is still an issue for a lot of people recently drove the i 100 ionic 5, which is one of the products that they've been promoting. it's actually a finalist for north american car the year. and what's interesting is it has a 100 volt charging base, so that means it will charge, you'll get about 80 percent and 18 minutes, which is probably one of the fast, the southern portion ty can, which is certainly a different price range. so you're starting to see that transition that people want the faster charging. so any manufacturer that's still going with the $200.00 full charging platform, the kilowatt platform, that's the one that we're not going to be able to catch up. you're gonna find people spending the money, but they want that quick charge. we're an impatient society as they say. but what's interesting is we push forward. we still can only produce so many electric cars. consumers have to buy an, even if there was a demand where we all had to buy them. we still have

a lot of other issues with the infrastructure being able to support it. and it's going to take a lot more than what the binding administration is talking about putting into this because you need to have so many more charging stations in order for this to happen . and there's a problem in california with this right now, where there's not enough charging stations and too many cars and people are actually fighting like actually screaming at each other and fighting for connections to their vehicles because they've no way to get places. so we don't want this to happen and so that would definitely be a detriment to the push forward on electric vehicle. absolutely. in california for those outside of the united states, has probably the most charging pages of anywhere in the united states. so when you hear that they are really all to be on the road as well. laura fix the car coach. thank you so much. break it all down. 4th, thank you. and finally, one of the most played video games of all time has hit a major milestone on you tube videos featuring black building game. i guess that's the way i'll describe it. minecraft has hit a one trillion views on streaming, on the streaming platform. the 1st game to ever do so now if you have children or

even know manchild, maybe like myself, you've seen someone engrossed in a minecraft tutorial or someone actually showing off their epic bill. now minecraft was originally developed by marcus notch person back in 2009, and was officially released by his swedish company, mo yang studios. and it can be played on nearly every platform available, including console and mobile devices. the game has been extremely popular over the last decade, having sold more than 200000000 copies, despite not having a particularly objective. it's so popular that microsoft bought annoying studios back in 2014 for a whopping $2500000000.00 and that there for the time you get, boom, boom, boom bus star demand on the portable tv app, which you should update on the google play store. and the apple app store by searching portable tv. we'll see you next time

to talk about a space, radium hypersonic weapons. we talk about the fact that will be arranged on fossil energy. we talked about a democratic democracy, prizes in the us. so if you don't think that's a rage is enough, you know, it's only because today the everyday life seems to me as that someone has been doing this for 30 years. it's very difficult actually, to make a re depiction, compete with the reality of the rages day by day. like that meeting with a, with

a scientific knowledge, has never been so readily available to everyone across the globe, but overwhelmed by information. how can we distinguish the real science from the one being imposed upon us? we're living in a world where there are many people who have invested interest in finding information, finding scientific evidence, and discrediting even the notion that science could provide the truth about the natural world in the pursuit of business goals. launch corporations, a challenge strongly by scientific evidence if you're emotionally invested and free markets, then climate change is a serious emotional threat. because dealing with that means we have to change our approach to business industries or on the war bond attempting to debunk legitimate science by producing new evidence in science, lighting,

science. that's how ignorant says manufacture their attention only seeking to the rail science rolling using sy against itself. with the headlines here. what are the international we take into disturbing revelations to the manchester arena? suicide bomber had links to a former nato soldier, turned terrorist as an inquiry. here, submissions from the u. k. is home office on counter terrorism, police turning on the president of media outlets that are usually very friendly to joe biden. start to grumble, he shouldn't run for another term. and it's not just covert this a danger to the world. russia rogers, the well to wake up. the dormant viral threats in the arctic which global warming

could soon, on least.