joining us, i'm just gosh, i've been moscow host, chris, the i and are probably on we're in the ceo of openness l. l. c. christie. let's start with you here. now china has recently said that it wants to focus on stability and just about every aspect of its economy over the next year. is this move to lower? it's a benchmark rate part of that process. in a way, i guess the people thing to china implement was prudent monetary policy in order to stabilize the growth of credit in order to support the meal economy. so they're currently focused on maintaining the quality at a reasonable and ample level while they're also undergoing the changes in a tiny credit amongst risky assets and investment, such as the speculative real estate. so the low crime rate primarily affects corporate and household love. so by cutting a benchmark weight is tempting to keep enterprises financing costs at a lower level. china also now, but they will double down on financial support from micro small and medium size enterprises. which unless that will help to cushion the current downward nomic

pressure. because while china was actually quite quick to bounce back from the initial point of ours outbreak earlier this year, the latter has been dragged down by muti consumer spending aging 0 tolerance policy for controlling subsequent outbreak and also title regulations, particularly on tech and real estate. so now these tools are being employed to try to balance out the economy back to equilibrium while it also tries to rain in liquidating credit and speculative sectors. however, some analysts do not believe the current measures are enough in order for trying to depend its g d p growth, 5 percent in 20. 22 does more is expected to continue in order to find out that the carry and job market and the mega hit to the real estate market. just that just now i want to get your take on this because as christy rightfully pointed out, the lp are dealed with lending rate for corporate in household loans and, and it's seen as an attempt to get to relieve lending pressure. but is there any indication that will actually have a significant impact? what do you think?

i melissa this, run the numbers again from 3.85 percent down to 3.8 percent in my book. that's a reduction of 0.0. 5 percent. i don't think that's going to make the difference one way or another. so this is a very, very small move. but what is really interesting about it is it takes people like china in the opposite direction that we're seeing other central banks around the world, considering and thinking about going to talk about the fed tapering and spawn purchases that will drive up interest rates in the u. s at least marginal 1st and then maybe more aggressively afterwards. and european central bank is at least toy with the idea of moving that sense and direction. so we're seeing real dichotomy there between the people's bank of china and in the central banks in europe and the u. s . move in the opposite direction. but i think more anything is pretty point out there. they're trying to salvage, basically the real estate bubble that as burst and it's causing tremendous amount of pain in china. i've seen that that we just said in x really plummet of the course the past, i think basically since march or april of this year. and that's really causing

a lot of pain for a lot of different companies. so they're trying to inflate that, but it's going to take more than a 0.05 percent change the interest rate. i think quite a very interesting because as we often see that the 1st move is kind of a signal for what they come. as you mentioned, many are going up while trying to maybe in the downward trajectory, when it comes to interest rates for the tire, may i want to kind of move on to some other points or because christy from markets to oil prices, we're seeing a strong reaction to the spread of the i'm account very, even though the symptoms have been mild, but the spread seems to be wider. what is feeling that panic? i think a big part of that is actually just need your reaction from investors in the market because after all, it's better to be safe than sorry. so rather than react 1st and then ask questions later, and i don't blame them because the market participants have lived through this log back before the markets. and i'll go the length when they read about a new new wearing, spreading around or new twitter post, they'll all start dumping all correlated assets because like oil,

consumer destruction, a travel, leisure hotel. those are the industries that got hit the hardest during the 1st lockdown cruise lines as well. so the media also isn't really helping either. they're also blasting out panic analyst information to which causes math uncertainty and populations which then goes on to damp and consumer assessment. so if consumers get worried about another barrier, again, that means less spend a less dining outlet problem, less productivity, and that ultimately leads to a big slow down in the economy. so sometimes the market is like a big chamber and things just reverberate until there is clarity about steps forward. until then the market just going to be in an uncertain limbo territory because it figures another massive slow down or are locked out. and while i think a lockdown is unlikely at this point in time, nevertheless, it is still an overhang uncertainty in certain regions of the world. certainly that speculation plays a big girl. now, octavia, what do you make of all of this? i mean, when we see kind of this panic that goes across the markets last week we were

talking about how we didn't really see any sort of tapered tantrum from markets when it came to the federal reserve. the latest announcement is that kind of playing into what we're seeing now, or does it have more to do with those concerns about demand and what could happen? well, i'm waiting to see the tape attendance from. i think it's on the way it's going to come. but it's really interesting if you look at the us treasury market so far, they've taken all this in their stride. so the yield on 10 year treasury's still holfram just below 1.4 percent. it hasn't really, but since j power announces tape of the 6 ration of the table. so that hasn't made its way through the market just yet. i think markets sort of half expecting the front to back down at some states. and so we got new problems with new pressures on the well the con, i'm gonna have to read, restart the bon purchase program, and we have to, we made a mistake that we need to, we accelerate that back into the market. but i think there's little doubt if he continues to basically turn the spirit often reduce the bone purchases and really get to 0 and perhaps even reverse them increase interest rates. we will have seen

the piece of the market sometimes coming. i expect a very strong reaction and i expect that on the downside, across asset classes, i don't see any way possible to hide equities. markets will go down, bottom price will go down. those will go down. we just say all those things been pushed up enormously by monetary policy, and we'll see what that going to reverse. chris, what do you make that? i think is absolutely right away until january plays out. because right now we're going to holiday, we're going to learn the season is on their way down the se positions, and it won't be until next year to really see the final results and what things are that. he has certainly a lot at stake here. we've got about 30 seconds left. i'm going to be the final word. well, like i said, i think it's really to see that the people's bank of china and the fed sort of going opposite directions on this. maybe the chinese are slightly ahead of the place where the u. s. economy is now in the, the, the u. s. equity markets in real estate markets. but it's interesting, you know,

talking about these record highs. i don't think the chinese addressed or would see it that way at all. i mean, if you were chinese and i'm lucky enough to invest in the shanghai composite index back in lighted oak, so but 2007, you'd still be sitting 14 years later on a 35 percent loss. so the highs in the chinese stock market slate way, way back in africa. so these recognize very much u. s. phenomena to illustrate that the european one. but we certainly see that only in the u. s. in this particular unfolding of the markets. green inside has always been less christy i and octavia moran, the of of miss l. c. thank you both for your time. thank you and us, senator. ted cruz has secured an agreement for a vote on possible sanctions for the nordstrom to pipeline. now as part of a deal to clear the way for dozens of bite and nominees, the senate will vote on cruises, legislation on sanctions related to the construction of the pipeline by january 14th. it will need 60 votes in order to pass this as europe has never needed the

north stream to more than right now. electricity bills have surged as fears of a gas supply shortage drive up the price of power across the continent. joining us now discuss is our good friend, jose investigative journalist, ben swan. now ben, it seems that every country except poland in some of the scale, maybe in countries have recorded a price of over $300.00 euros per megawatt hour for the coming week. explain what is actually happening in europe currently. yeah, well, you know, we've been saying kind of talking and she's here for the last few weeks and months that winter is coming. will now winter is here, right. the, the temperatures are in europe are falling dramatically. that means the need for more energy for heating is on the rise and the price of natural gas is on the rise . this. and there's a couple of really important points here. you mentioned about, you know, $300.00 euros per megawatt hour is what most countries are paying. but some countries like france or pay even higher than that closer to $400.00. and here's

what's really incredible about all this is that europe has been for several years now. been buying their energy on the spot market, which means they don't have long term contract a long term deals. it's been a huge criticism that russian president vladimir putin has had about europe. he criticizes the fact that they refused to sign long term deals with russia. in order to bring down the overall price of natural gas, and instead the only buy from the spot market will because they're doing that, the spot market price continues to rise based upon $1.00 speculation. but to, based upon the need of people who say right now, i need more energy in order to warm my home. and then there's a 3rd component to all of this. is that in france right now, there are a number of nuclear plants where nuclear energy is garnered from that shut down because the safety issues, i think there's 3 to 4 of them. and so when you're no longer able to access that nuclear power for energy, the ship has all not on the natural gas as well. and it's interesting to see how they rely so much on russia, but then almost blame russia for that. it's all,

all conflicting here. now there's been a lot of back and forth when it comes to this pipeline. i know we've covered its construction looking at every percentage of the way when it finally got to 100 percent. and then germany came along in november suspended approval for north stream to citing concerns over the operation of the pipeline. and germany's energy regulator said that the approval would resume once the nordstrom to company registered in switzerland, transferred assets and staffing its budget to its german subsidiary. but now in germany is regulator is saying that approval won't happen until at least the middle of next year. so even more waiting, but could that change considering what is happening with energy prices right now? well, in theory it could change, and there's a couple ways that can change one is that the, even later when it take longer and there's a lot of political pressure, obviously applied to them. all right, and it appears we're having a little bit of trouble with ben swans connection,

but that's ok. boom bus. spend swan, we wish you could have your right now. but let's take a quick break here. so time for that quick break. and when we come back, the u. k. has entered a free trade agreement with australia in an effort to strengthen economic ties, where to take a look at what's involved in its impact and moving forward. and as a good break here, the number to the book with l. look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings, except where such order that conflict with the 1st law show your identification. we should be very careful about artificial intelligence at that point,

obviously is to create trust rather than fear a very job with artificial intelligence. real summoning with a robot must protect its own existence with oh, working room or sharing the she popped in. she said, well, i'm getting ready to go shopping for christmas. and we, we say there was a good, you're buying another, shooting, another safe part of american life. shattered by violence. the gunman was armed with an a ar 1570 automatic rifle. when the issue comes home, it's time to act when we're silent on this issue, the other side wins by default,

lady that lived over there. i was walking one of the dogs, which is why you where again when you scale, it doesn't quite take it off. it, i think the people need to take responsibility into their own hands and be prepared if those kinds of weapons were less available. we wouldn't have a lot of the shootings. we certainly wouldn't have the number of deaths the bite ministration says it believes in diplomacy. well, now it has a chance to prove this. russia is presented to wide rating proposals to be cast and regulate its relations with the west in general, and nato. specifically, we are living in an historic moment. technology is a very big industry and there's a lot of opportunities for hackers. millions not him, but he didn't bring the law in the country. you're dealing with why rushed him that

the major cybersecurity challenge is the sovereignty of laws that cyberspace has no borders. new sovereignty we ended up with, for example, the national health service in the u. k. the and a chest was completely wiped out from a ransomware attack. if you were coming in to a clinic, because you had a test or you had an operation, they can't find your records. they had to go back to pen and paper with welcome back. the united kingdom in australia has signed an agreement that promises to add more than $13000000000.00 and additional trade. this as australia has faced sanctions from china, its largest trading partner has tensions between the 2 sides continue to boil over l. according to reports, the deal were moved nearly all tariffs between the 2 size. however, agriculture items like beef and lamp,

will still have protections at the onset will also allow you k companies to bid for billions in public sector contracts, removing some visa hurdles and have faith in the path. so what is the significance of the 1st trade deal to be negotiated from scratch, post wreck that will? joining us now discuss is hillary orbit board member with the british american business association. so let's start with that. what is the take away from all of this? do you have a long time to talk about this? we can really do a lot to touch back with you again, brand, rachel, but there's a lot here to unpack. i'm one of the things that's huge. of course the u. k is predominantly a professional services economy and this is actually giving the okay for up to 3 years of what they're calling sort of the visa holiday. which means that there's a that can be a transference of the professional staff from the u. k to australia. that's a huge deal and it's extended, it used to be 30 years old now it's extended to 35 years old. so if you are a professional with

a family to they've also lifted the restrictions on family employment. so you're a young professional, you have a wife or husband, you have kids, you can move to australia or vice versa to the u. k. so that's huge in terms of professional services. then in terms of a lot of products, it is actually eliminated all terrorists between both countries. this to quote, the ceo of the petition, australian chamber of commerce date, david mccloud, re, this is a win win situation. there aren't any loses in this situation, particularly for the u. k. perspective for confectionary on products, cheeses, immensely, of course. and then whiskey, and a lot of the u. k. a micro cultural products going into australia and then from australia, of course, a lot of their products, especially a little meat products, the lamb and the beef going into the u. k. one of the hold ups always was the different standards, the different standards in terms of use of hormones. and that's an issue with a course the u. s. trade deal. but those have been of eliminated. and om this has been a win win, like i say,

for both nations. i think something that's interesting aside factor here is this, as i mentioned before with the more deals that the u. k. finalizes, it puts pressure on the u. s. y. because now the u. k is in a much stronger position to negotiate the u. s. u k tre deal. because having all these other deals completed across the country. and you'll right, this is the 1st one that's actually from scratch and eliminating all tariffs. but let's talk when she was secretary of trade, she did complete 70 other ones. so that's really important in terms of the u. s. one other factor, it's very important also in terms of the you case pivot toward asia. this is one of the things in terms of moving away from the u. the u. k. wants to pivot to asia, that trans pacific, packed in terms of all those nations in the pacific region, australia with a member of that. so this is one step further to completing that agreement as well . so overall, huge. yeah. another fascinating to see how, you know, i know you mentioned the binding administration specifically and putting that

pressure on them. yeah, i think that they are actually really feeling that pressure on their end. is this something that they are considering looking at the u. k, looking at their success with australia and considering moving forward on that? well, i don't know. what i would say is that, of course, by ministration 2 things, one, when he was part of the bomber administration, obama of course, had said, you know, specs it goes through, you'll be at the back of the line. so we know that there was a sort of been stalling. the other thing, it's rather interesting is the u. s. as announced that caroline kennedy will now be the on back to dish was straight out. well, obviously her irish heritage, the, the kennedy, the raw, the renown for not being the best friends of the british. everybody recalls jo kennedy's pack for the nazis. should the u. k, lose the 2nd world war? so that's not a friend of the u. k. so the answer is i don't know definitively, but i would say if you are the u. s. trade negotiation negotiator wouldn't you think you'd want to kind of get moving because you're not going to get it any stronger when you, hey, is finalizing deal off the deal? off the deal or a much better situation, they will,

it certainly hard to say what katrin tie is up to the us trade representative and where we might end up going. and now you mentioned that of course the head of the u . k. australia chambers of commerce says, this is a win win. well, the one people, one group of people aren't exactly so happy about it and it is farmers in the u. k . u, like you're going to be undercut when it comes to prices from australia. good coming into the country. what is that concern? that's really about it. it's about. it's really only in the area of me. certainly not jesus, because the u. k. jesus all the buried and everybody remembers that monty python skit about the cheese shop. there are so many types of british cheeses they're desperate for an australia. so for cheeses. no, it's not all farmers. it basically is pretty much the lamb and some of the be farmers and that has been no pun intended. that's been a big be for quite some time. and that was really about, like i mentioned before, it's about the hormonal issue that they use certain hormones in australia and also off the 26. the commitment on the u. k. farming industry,

the commitments they've had to make in terms of being eco friendly and they don't have those same regulations in australia. the concern is that it's not a level playing field. that's a concern. now whenever it comes to you, i know we've talked a lot about these trade deals, but whenever it comes to the u. k, the economy, there still are kind of those concerns hanging over, especially about the latest variant of over 19 and it spread. now, even though the symptoms are mild, it still has led to a lot of talk that there could be even locked downs again in the country. what's the latest on that? and is that something that you think that the people would, would comply with if they were to be put in place? ok, a few things on that racial number one. you probably just heard that the netherlands is now totally down locked down. and the queen has just announced this is sort of hot news that she has counseling christmas with the royal family at sandringham, and that is huge for her to do. the reason that's important in this whole mix is people across the u. k. if you really look at the creed we've talked about this before, it's really to like the countries grandmother. she's very solid, very stable. she not an alarmist at the, in the slightest bit. that when she does something that sends

a message to the nation, on the other hand, of course you have david frost, the former you chief negotiator. he was dined on saturday, saying that he could not comply, he feels was a minister that he would have to be. it's a collective vote when you vote for something and that he does not support the locked downs lives. neither does list lives trust nor dominic rob. so i think the nation is very divided over this as we are here in the u. s. and when you asked about where people comply, couple of other issues, of course, as we met christmas party the, the revelation that last year there was a lot of reveling going on on chris white before christmas. 10 downing street. they had a party while the whole of the country was locked down. so people's grandmothers, an elderly parents passing away when they didn't get to see that people weren't able to see that family the christmas. that's negative for the tory party. and then this just come out in the last couple of days, the guardian, really photographs of boys, johnson and his wife and a garden party serving cheese and wine over the summer. and i think it was may

after the lock downs. so to answer your question directly, the british public doesn't like you poxy, but they're seeing the queen being sensible and this is necessary. what it looks like going to happen. they're not going to counsel christmas, nor boxing day, which is the day after christmas, very important. the u. k. but december 27th. it looks like there might be locked downs and it's very likely that they could be some kind of locked down in january. that's what's being talked about. and the moment the minutes of the still divided m p 's. but i think you'll probably see them get on board with something them, but so far, boys, johnson said no to those scientists. all right, i got 32nd black about lives trust. as the new brexton negotiator, what does this do is they're negotiating. the northern ireland protocol, well, they're hoping that it'll be less property with you because of course, held a tough line i will say about let's trust there's pros and cons of the pros. all. she is tough and she get things done. i think she's extremely pragmatic. that's how she was able to get some of those tre deals on. so from that perspective, i think also it gives the u. k. a sort of an out to, to change pos

a little bit with you. and we already know they've, they've suffered a little bit in terms of the european court of justice, being able to really know that on. so my prediction is you'll see something finalized with less trust at the help of the british american business associates. and thank you so much pressure ration. and finally, as we have talked about, it has been a huge year for the auction market in 2021 and famed auction house. other base has reap the reward breaking in $7300000000.00 in sales this year. a 46 percent increase from last year and the highest number in it's 277 year history. so the b credits the record a year to quote, an influx of younger tech savvy collectors who are interested in the hi, valerie luxury. good. they are known for and the prevalence of an f t. now, in fact, the auction house said 44 percent of bitters were doing so for the 1st time, when it comes to an 80 percent of those making offers. we're 1st time bitters,

while they say the digital assets make up only a small portion of their sales and april event created a dramatic expansion of its audience. this is fascinating. i know we've talked about and she's a lot this year and a lot of times we're kind of talk about them and more of the ridiculous sense, the civically, how much people are willing to pay for them. but are they here to stay? i think so, but i think if you look at them as a way of onboarding something, whenever there's something that's huge in the news, when there's a lot of talk about it, if you start to go, okay, here's a digital collector's item. this isn't at a t, but at the end of the day, you may say, hey, that's not right for me, but i've learned a lot about maybe this good or this is what the store value is when it comes to even, you know, sports collectibles have become in a huge thing this year. so i think for a learning experience, i think sometimes when the not so good option is there the better option kind of come to your top, your mind this? absolutely, and it's fascinating to see. so the v is really getting in on the trend,

staying up with the times, and i'm sure we'll see even more of all of this in 2020. and one of the other things they pointed out there was over 50 percent of their audience, especially for an up tease, was under the age of 40. so when you bring it in young people, i don't know a lot of young people who are going to auction houses regularly, so that's a, that's all we know. and that's it for this time you can catch blue bus on demand on the portable tv app available on smartphones and tablets, or google play in the apple app store by searching portable tv and be sure to update the app as portal. tv is even getting better than ever. and portable tv it can be downloaded on samsung, smart tvs, and roku devices, or simply check it out at portable dot tv. well, see you next time. oil and gas manufacturing, electricity, telecomm, guys, quotation all of them. now how are you t type of infrastructure connected to the internet for clarity,

realizing this disruptive potential so that those countries cons, ignore it because it threatens national security issue. but if we take the name to you, countries, virtually old of them subscribed to doctrines and maintains selling but tell us forces. they are a cyber army on behalf of a country. that's their job. ah mm ah, and i make no borders line to tease a

new fresh as a marriage. we don't have a therapy. we don't have a vaccine. the whole world leads to take action and to be ready, people are judgment. common crisis with we can do better. we should be better. everyone is contributing each in their own way, but we also know that this crisis will not go on forever. the challenge is great, the response has been matched. so many good people are helping us. it makes us feel very proud that we are in it together with i mean, you must either so did it in as you want to talk to. we stand together. we'll

continue to stand together against russia 80 in germany. repeat some of the areas that we doubtless made say no to civilians as chunky daughters about their ability to influence other nations. france b, u. k. and even latin america and other countries in future than maybe been where to high from cycle cologne with members of your household. so please, please, please, please. we're going to continue to fight with justin to russia must not be allowed in germany. i don't want y'all to common leave. it's so short. so didn't al enough. ation 5 and the yes actually ended out the enough mrs. gun simple son's too late. you cannot do anything about it. it's now a self fulfilling extinction of bad for the u. s. economy, sorry, america,

but it's over because the ability to do what paul walker did raise rates is no longer on the table. because the duration rest, the fundamental understanding of the u. s. kind of the bond market is so far out in the elk or that any little bit move up. we'll crash it anyway. so it's either crash or one way or crash in another way, but you're not gonna hold why the crash oh, working room or should never. she popped in. she said, well, i'm getting ready to go shopping for christmas and we re, cert, cooper. there was a good bye, another shooting another safe part of american life shattered by violence. the gunman was armed with an 8 or 15, semi automatic rifle. when the issue comes home, it's time to act when we're silent on this issue. the other side winds by default

lady that lived over there. i was walking one of the dogs, which is why you, where again, were you scared me? nothing. they take it off it. i think the people need to take responsibility into their own hands and be prepared if those kind of weapons were less available. we wouldn't have a lot of the shootings that we certainly wouldn't have. the number of deaths ah, crashes and violence in europe as governments. tough and restrictions to combat the new rapidly spreading colored variant, omicron france is on the warpath with amazon over the firms cheap book deliveries that undercut local stores with the government even adopting a new bill to force the company to charge it's.