testing the validity of the broadcast license, same quote, the issue will be taken care of our team management. as you might imagine, responded saying the license was obtained in accordance with all applicable european laws and regulations under the european convention on trans frontier at television. so a significant updates today we will bring you all in any significant developments to dot story in the coming hours. i expect a few or i to a friday visit to the business you to next. so for a wrap up of the week's big stories, catch the bus crew in moments stickler ah, ah, ah, ah,

talk about a space res, i'm hypersonic weapons. talk about the fact that will be arranged on fossil energy . we talk about a democrat democracy prizes in the us. so if you don't think that's outrageous 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 rate of diction. compete with the reality of the rages they by daylight, that reaching miss with the boom bus one be the show you here or damage the bridge of or and i major love is in washington counting at the bank of england becomes the 1st major central bank

to raise interest rates breaking from the tradition. how since the beginning of the pandemic will take a look at how the markets are reacting. plus, we have free marketing time and should be able to participate in that. that was how speaker nancy pelosi defending the members of congress who buy and sell stock while in office straight ahead. will discuss a debate running the controversial practice. and the supply chain was, are showing no signs of flowing down as a back up thing. a call, an auto sales in the industry at large. later on we get an insider's perspective on what lies over the horizon for global card fail. get 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 moved 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 andrew bailey acknowledged that the decision comes as the spread of

the amazon very it begins to affect the economy with retailers already feeling that impact fact that cages broke its own daily record after registering more than 88000 new coven cases on thursday, up from the previous record of over 78000 case on wednesday. now, governor bailey noted that while there are concerns about demand, there are also concerns about skyrocketing inflation. as the rise in annual price is a 10 year high in november, he said the move to start raising interest rates was in an effort to combat inflation as banks 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 for markets so far? i mean, not only do the markets not fall in response to the bed on wednesday, but they actually came close to record highs. 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 power 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 to new hi. so 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 they're forecast for the next year, we're to a certain extent, wrong, even though,

as you just mentioned, power really isn't admitting he's wrong. you're just saying it's separation is a 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 take attention 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 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 a bit coin could become quote, unquote, worthless. what we've heard so much rhetoric from central banks from governments, i believe the story that russia is going to bankrupt oh, currencies or get the think forges on. so obviously you can't control the crypto currency space. that's the whole point. what we've also learned is that a big coil is speculative and ours have exposure to what the team does. so yesterday or 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, dreema, but certainly not going to be ality. right. and i made it for one. we could see anything could become work, but it's a, an equity, a currency, any of this can be. so 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 markets this is 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 is a lot of movement into the defensive plays, like utility, for example. and consumer staples and you say, you may see more of that. this is,

will have to look for places that are new to pricing power and other words, they don't have to pass on higher cost to 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 paper tantrum along the way, michelle snyder of the market gauge 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 the 2nd one any. we have a responsibility report on the staff,

but i don't. i'm not familiar with that 5 month review, but people aren't reporting they shouldn't be there. this is the market and we are fremont and 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 transaction. but there has recently been a growing movement champion by democrats, sender elizabeth moore, and representative alexandria casual cartel, k cortez, which aims to ban congress from trading individual stocks altogether. georgia is not discussed is our good friend and 2 hosts, christie, i, i do find it humorous there that essentially nancy pelosi christie a say. 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 in this movement to staff, members of congress and fed officials from training, 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 the politician, the original o g con man. so is small, far and 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 fine. so already you see a pattern or lack of transparency, lack of accountability,

and also how congress sets a lower standard for itself on financial conflicts of interest, manage then on other concerns. so under the stock act, lawmakers and seniors, doctors who earn at least $132000.00 a year and 2021 must report stock trades of more than a $1000.00 within 30 days and the transaction or 45 days. if it's a family member, and now obviously all of these trades and public war went on, accounted for. so now a number of government goods have called for a ban on only stocks or mandating that members of congress put their financial holdings in applying 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 lawson or dianne feinstein and when they made the document in advance coleman lockdown plunge . you also had centered around paul purchasing shares of drug companies. juliet in

2020, at the clinical trials. again, for them does appear the clearly, all of those were instances of insider trading. and yet all of these pro, 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 in the fed from participating? and what you noted there is essentially insider trading. is this 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 their earnings away, you're cutting into their personal interest. so of course that's why you 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 enjoyed her privileges and insight or knowledge back in april of this year. pelosi husband was using coal options to buy 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 was potentially taking away her husband doctoring privileges. just a few months ago, she was quoted saying, you cannot have a system more 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 would actually to be fair, knowing a lot of people, oh theater is 3. 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 in a trust investigation or break up a company where we know we don't see that very often. but they could do that at their will. and they know all of that information yet can make trade just like this . i what do you make this? 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. were simply the most free our market. it was one of the least corrupt and left the one 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 rule recording true 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 traits after establishing or modifying a plan to purchase or sell shares you even have complete lack of 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 right the crypto. because right now, that's the true free market as a stan boom bus. kristi, 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's 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 read it here. 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. how is it 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. come back. auto sales had slumped in the us and around the globe. i

supply change backups weigh heavy on the industry. we'll discuss just on the other side and as we go to break, here's the numbers off the clothes. ah ah . oh right now, there are 2000000000 people who are overweight or obese. it's profitable to sell food that he's fancy and sugary and salty, and 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 in i don't buy a i buy, i'm a teacher. that's not an almost friday at the last time i buy it from a teacher. so i watch kaiser reporting ah

the welcome back as supply chain issues related to the global. so mike inductor shorted, continue to affect the auto industry. here in the us 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 just markets predict total auto sales for 2021 worldwide will hit just shy of $80000000.00 vehicle 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. a 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 storage and auto

news with our good friend with the car coach lauren facts. i was a pleasure to have you all more. and what do you see as the outlook and 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 and saying, you know, we can get them but they can. so 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 something 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 the 2 years 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 it's

a huge strain on the sector as well as all the sub 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 then graph 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 micro chip, does that kind of stifle innovation to, as 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 our tommy mercedes benz is the 1st manufacturer to get approval for level 3 autonomy, which is more of that lane centering while driving where you could take your hands

off the wheel, i've recently tested that on the mercedes benz the e q. s as well as the n g q s. and we see what, what the technology is coming with 52 inch screens. we're seeing huge screens and that's heavy las, except it requires more chips. so we're going to, that's going to be the only limitation to moving to 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 in fees with plans to sell $3500000.00 electric cars and 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 type 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 bull charging platform, the kilowatt platform, that's the one that we're, they're not going to be able to catch up. you're going to 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 binder 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. and california for those outside of the united states has probably the most charging stages of anywhere in the united states. what you hear, that they are really all to be on the road as well. laura fix the car coach. thank you so much for all that sound 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 block building game. i guess that's the way i'll describe it. my craft 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 a man child, maybe like myself, you seem to someone in growth did 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 consuls and mobile devices. the game has been extremely popular over the last decade, having sold more than 200000000 copies, despite not having a particularly clear objective. it's so popular that microsoft bought annoying studios back in 2014 for a whopping $2500000000.00. and that's it for the time you guys, boom, boom, boom,

boom 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. ah, z, scientific knowledge has never been so readily available to everyone across the globe, but overwhelmed by information. can we distinguish the real signs from the one being imposed upon us? we are living in a world where there are many people who have a vested interest in fighting information, fighting scientific evidence, and discredit, even the notion that science could provide. the truth about the national world in the pursuit of business goes, 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 around the world attempting to debunk legitimate

science, producing you ever done. this is science lighting science. that's how ignorant is manufactured. their attention only seeking to the rail science. it's rolling, using shy against the shelf ah, working room, or should she popped in? she said, well, i'm getting ready to go shopping for christmas. and we recently there was a good buying another, shooting another safe part of american life shattered by violence. the gunman was armed with an a ar 15, semi automatic rifle. when the issue comes home, it's time to act when we're aspire on this issue, the other side wins by default, lady that lived over there. i was walking one of the dogs, which is why do you wear again when you scale, it doesn't quite take it off it. i think the people need to take responsibility

into their own and be prepared if those kinds of weapons who are less available. we wouldn't have a lot of the shootings and we certainly wouldn't have the number of deaths. this is our to international. we begin read breaking news in our headline stories today. our new german language shuttle art, c. d is threatened with legal action by the german broadcast regulator over a licensing dispute. although our team management are saying the license was obtained in full compliance with european also ahead on the program, russia publishes a list of proposals to nato from and training secure, etc, with the country deputy foreign minister saying the bold is not.