all epstein saw guys really expose how the leaks and how many will be parker people . the world have been protected for a long time against things like this. he's far as a ruptured, add an oil refinery and rushes to men region. you can see the file here on these videos that were quoted by witnesses, black plumes of smoke visible from different parts of the city. it's not yet clear will cause up fire. fortunately, been no reports of any injuries or deaths. emergency services say that firefighter crews are at the same now, according to the latest information they have managed to contain blaze. i'm thinking about it today. thanks you company here, and i'll see updates at the top of them. ah, who are all those driven by dreamers shaped bank for some of those with

there's things we dare to ask in a this is them, but when business your you can't afford to miss. i'm rachel blackbirds boardwalk and then here's what we got coming up. now, one of the world looked indebted companies is continuing to face issues. as the new year begins, we'll get to the bottom of why fairs and ever graham group were halted on monday. and 2 of the largest american telecom companies have refused to comply with

a call from the us government to delay watching new 5 you services. to take a look at the decision, what it all mean. plus, we'll take a look at the energy sector as oil prices about pre pandemic levels for opec says it expect to be on the con variant to be mile of and short lived. well, discuss it on that. we have a lot to get to, so let's get started and we leave the program with the latest in the saga. surrounding one of the world's most indebted companies. chinese property giant ever grants was of officially spilled into the new year. i was trading of shares in the company were halted in hong kong on monday. now the whole and training was due to the pending release of quote, an announcement containing insight information. although no further details were provided. now the news comes just days after the chinese media outlet reported that ever grad, which piece is more than $300000000000.00 in liabilities. had been ordered to demolish nearly 40 bill buildings in a southern province within 10 days because its planning permit had been obtained

illegally and must be revoked. an ad we've talked about recently, the entire industry is feeling the pain from the chinese government's decision last year to apply curves on the property sector. in fact, bloomberg is reporting chinese property companies will have to come up with at least $197000000000.00 in january to cover expenses including deferred wages and maturing bond. so just what exactly is the impact of all this? joining us our discuss is blue bus. co host christy i are christy, i want to start with ever grand here. what exactly is happening with this call? the demolished 39 building. is this about the debt issues we've been seeing here, or is there more to the illegal obtaining of these licenses? well, this call to demolish ever grand buildings will definitely exacerbate the debt crisis and make it even harder for the company. so this is a real big shame as the assets are required to be demolished, basically as

a sign of force from the government that any illegally obtain permits or any under the table of dealing will no longer be tolerated. now under this new administration . so these are real assets and with this demolition will be worth absolutely nothing and creditors will be left with nothing. so the buildings can be demolished . are part of this ocean flower island complex that ever been initiated. back in 2012, they had invested around a 160000000000 yen by 2019. but now the highland government announced that it has withdrawn sale permits for 39 blocks on ocean flower island number 2 and terminated . sale contracts on $328.00 units which had already been sold. so thing as ever grants, main source of cash flow comes from the sales of units. this is even more bad news for them. so the government made a public show of the deed and ali baba and then the tech industry when they were getting all high and mighty, walking on a very thin regulatory line. so now they're bring the hammer down to the real

estate sector. so it's absolutely no different than the public flogging that the be got the got. and this is essentially another public demonstration of what will happen if you don't abide by their rules. and the government is especially targeting these companies who think that they're all power for or too big to fail in order to make a point that no one is above the law. seems to be just one thing after another when it comes ever grant. i know we've been covering this, so i'll go over the last year and we saw that the company stock and hong kong last nearly 90 percent of its value in 2021. so what's the significance in this hall in trading due to this pending release of inside information that we saw on monday? well, shares are normally halted ahead of potentially huge news. and we've seen that with numerous names from impending drug testing results at the approvals or any news that would result in tremendous volatility and stress on the markets. so it is at the exchanges discretion to ensure the stability of the markets so ever grants.

shares were suspended from train earlier monday, pending this release of news. and i assume that it is from the fact that their buildings are going to be demolished within 10 days for illegal construction and environmental violations. so the shares were halted as traitors digested this news and figured out what exactly it meant because it sounds like terrible news just at 1st glance. at 1st glance, it seems like this is the end of the world forever ground because now valuable assets are worthless. but once the information is actually process been digested, what traitors and investors fall is that the demolition order and high will hurt. it will hurt a lot, but it will mainly hurt home buyer confidence as a whole, every brand is much bigger than the small, high and on development. and i should say small because they are 160000000000 r and b, but the market is now watching the asset disposal progress from every grand to repay its depth. on friday, every brand already died back plans to repay investors and its walls management

products saying that investors could expect to receive about a $1257.00 a month as principal payments. and this replaced the company's previous plan in mid september when it promised to pay back 10 percent of principal and interest in the month when the products were due. so that essentially means that it will now take a 100 months to repay creditors. and by that time, the company may not even exist, right? they say, you know, you said it'll hurt now, but it seems like there's a lot of things that have been hurting ever grand over and over and over again over the last several months. now i want to hit on this before we go because the property companies, it seems like the property sector as a whole, is on the hook for nearly $200000000000.00 in january. a load are their concerns of a property bubble being ready to burst at this point. christy absolutely. the entire industry will need to find at least a $197000000000.00 to cover these material bonds coupon truck products and deferred

wages to millions of workers. so basia has now urge builders like ever grand to meet payroll by month, and in order to avoid the risk of social unrest. and this is going to be especially difficult as bond payments for stressed firms are larger this month than november and december combined. so for smaller firms, especially, it's unclear where this cash will come from. as the property bubble is slowly deflating, this means that generating higher revenue from a weakening poverty market will be very challenging. sales of core assets will also be sold at a discount and they'll be unable to attend the evaluation that they would have nearly a year ago. and that $200000000000.00 number that's only january across the entire industry ever ran alone owns more than $300000000000.00, which amounts to about 2 percent of china's g. d. p at home prices in china right now. they've already begun falling for the 1st time in 6 years. so this may be a sign of a potentially big blow for an economy that count on real estate for almost a quarter of their output. and of course, if that does happen,

then we'll be talking about that contagion effect once again. boom, bus. christy, i thank you so much. thank you. some of america's major telecom companies are clashing with the federal aviation regulators over the lodge of 5 g technology. now, 2 of the nation's largest carriers, a t and t and verizon have refused to comply with a request from the federal aviation administration to voluntarily delay wednesdays launch of their new 5 g wireless services. now the fear from the f a is that these 5 g services could impact airlines and the ability of pilots to safely fly and even land their aircraft. so joining us now to the special ed bus co host an investigative journalist on now ben was a t, n, c and verizon and did not agree to delay the launch of their services. they did offer a counter proposal, correct? yeah, they did, essentially what they're saying guys, is that what they can do is for 6 months they'll dim the power coming from those 5 g towers in order to allow the f a to study. they say they're going to dim it to

the extent or the level that's being used in france right now. france and other european countries have had similar concerns. there's about a dozen of those countries. they have similar concern. so what's happening in those countries by law is that the 5 g signal cannot be at full strength. that has to be dim. so what they suggested here was instead of delaying the launch will simply dimmitt. and by the way, this is for about 46 cities metropolitan areas across the united states for this role that was taking place. so that's the idea right now is that they won't go full strength. and i guess this is their compromise to be a, but it seems like we've heard so much from these telecom carriers about launching 5 g. this would definitely not be in their best interest at this point, but they also said it's likely to place some new restrictions on flight due to what do we know about that, you know, kind of interesting. so the f a is saying, well listen, if you're not going to honor the request that we've made and delay this by, and by the way, the f a was asking for 2 weeks of a delay in the beginning is what they're asking for. and they're saying that that's

not going to happen, then they are going to actually restrict certain things. one of the things they're saying is that they're going to restrict pilots from using certain automated systems that could help to lead aircraft in bad weather. and if that is the case, then we might see flights in certain parts of the country, certain areas or. ready in certain weather situations cancelled altogether. if pilots are not allowed to use those automated systems. the real question that the f b a says that they have is whether or not 5 g coming on specifically on something called a c band, is affecting whether or not those systems work as, as they're supposed to, or whether or not those signals coming from 5 g towers would actually interfere with automated system, so the fear is if they do interfere with those automated systems, then it could potentially cause a crash. and if that's the case, we might see some flights delayed because of that or cancelled altogether in certain areas. this is raises the question, i mean, how are we still prepared on this? i mean, it seems like 5 g has been a topic of conversation for years now. and yet we were not ready the week that

they're supposed to deploy well, and i think that's the frustration that's coming from telecom companies, right? so a t and t of writing or saying, hey, we've been talking about this forever. why is the, the f a, a, hadn't figured this out? why haven't you tested this already? and now you're saying we need 2 more weeks. why would you need 2 weeks? and then by the way, it's kind of suspicious that you're asking for only 2 weeks and you think you can have it figured out in that time. again, what, what 18th of rights are saying is take your time, then take 6 months to do. it will dimmitt for 6 months because we're having to do that and other countries. so we'll do the same thing here. but this idea of and all our delay because the f a hadn't bothered to check this yet. it certainly does not look good for the f a. yeah. and especially this is one of the stories we really haven't heard a lot about, but yet it seems like this is a major fight because the telecom companies have a lot of money on the line with wanting to launch that 5 g technology. now at the same time, they're saying that they can point to regulation and france as the standard for

what should be applied by the f a here. do they have a point? and do you see the f a as likely to agree to that given the fact that they don't seem to have anything figured out right now? well, i don't really have a whole lot of choice here. i mean, the only other option would be if congress got involved and put some kind of a moratorium or band 5 g for the next couple of weeks or months. while we have a figure this out. i don't think that's going to happen is very unlikely. it's very hard to get congress to do anything and especially to the f a says they need this right away. and as i mentioned before, this isn't just france where this is happening right there over a dozen european countries that have been post similar rules on. if i understand that there are a lot of questions about 5 g, about 5 g safety about how it's going to affect humans, how it's going to affect the airlines and other technology. right? so legitimate questions are certainly out there, but how likely is it that these companies are going to be stopped from doing what they're doing? also not likely because there's an enormous lobbying for telecommunication

companies and their servants, if you will, in congress, are not going to upset them. so i think it's pretty safe to say they will continue to move forward. and this 6 months dimming is probably the most likely scenario. best of the f a a is going to get. yeah, it'll certainly be interesting to see what comes out of this if the f a really explore some of those concerns and we'll continue to follow it as we go along on thank you for your insight. and as a 5 g worries and woes word enough for the airline industry, things that only got worse than the new year with the holiday season, drawing to a close and a spike. and nomic con cases across the globe. airlines have been forced to canceled thousands of flight r t. trinity chavez filled us in on the delays. and how the industry is very, it's a new year and a new search. so far this year is off to an unprecedented start. as cases of coven 19 are skyrocketing now up some to 100 percent in the last 2 weeks alone. experts

say the amcom variant is impacting roughly every sector, including the airline industry, where 2500000 americans are expected to travel today alone. today, more travel chaos coast to coast. more than $5000.00 flights cancelled over the holiday weekend, bringing the total since christmas eve to more than $15000.00 canceled flights. this weekend's cancellations, marking the worst to day stretch of the holiday travel season and affected passengers on nearly every us airline. a travel trouble continuing as an east coast storm approaches with more than $1800.00 us flights cancelled as of 7 am. on monday, southwest airlines cancelling for 100 flights roughly 12 percent of its flights, while jet blue has canceled 136 or 13 percent of its flights and that he's not phase 2. with the time bumping with passengers in flight cruise slammed by alma cron experts fear it will only get worse in the

coming weeks. the transportation security administration expects over $10000000.00 holiday travelers will visit us airports through january 3rd, but says right now they have adequate staff to cover flight schedules and passenger volumes for boom bust trinity chavez, r t, new york. and time. now for a quick break, when we come back, opec is once again, down playing the impact the amazon very, and we'll have on oil market eyes prices about 3 pandemic level. we'll get into the latest in the energy industry neck. and as we go to break here, the numbers of the clothes with with

as we continue looking at the nearon right, you in the year ahead bringing in the all star guests from all over the world. we've got a great one today, stacy. it's charles hugh smith. oh, of to mind that this isn't an open. oh, even susie children have been cared for at the fountains house. oh me up baffled blue i have come about 940 my much mom with much any spirit i see many goals. michelle, in the middle. the issue ah, national man is violet. mom on is violet that dana mom of? yes. my city with

me. okay. allow me to book a book. i love you for obama, you will. i will love me. i use my challenge. you can only, you know, see me on the description a shuttle. i can learn demon, feel, feel i could join me as we closed on the alex simon. sure. i'll be speaking to guess in the world of politics. sport, business. i'm show business. i'll see you then. mm . the

moon. welcome back. the new year is kicking off with more of the same for oil prices as the international bed. much mark brent crude surpassed $79.00 per barrel early monday for falling slightly while west texas intermediate hubbard around $75.00 per barrel. now although the current vary is spreading and cobra cases are surging, there continues to be a sense of optimism as major government indicate that they won't call for massive locked downs in response as we have seen before. now that optimism is also expected to have an impact on opec plus, as the cartel prepares for a meeting on tuesday, and which is likely that they will keep plans in place to continue increasing output next month by another $400000.00 barrels per day. a draft copy of the latest

report from opec's joint technical commission said the impact of the latest vary and is expected to be mild and short lived as the world becomes better equipped to manage cobit 19 and it's related challenges. so what does that mean for the oil industry in $22.00 was running us out of the gas or david towel, president approach, and capital and todd bubble, horwitz, chief strategist at bob, trading. great, have you both on the show today, but let's start with you now when it comes to oil prices, this is all based on speculation. we know. so what do you make of the price action we've seen really over the last week? well, i think you're saying oil is going to go higher and i think it's going to go much higher. you know, when you have a lousy administration, paul, that has a horrible energy policy and decide to cut down on everything and give the power to opec. you call that a car towed, which is exactly what they're, they're not going to cut us any breaks on price. i would not be surprised is the oil well over a $100.00 or barrel at some point?

because again, we gave up our own production of the ability to export, which means that prices are going higher because fossil fuels are used and just a lot of everything we do every single day. and we're gonna talk a little bit of that in ministration action with you as well here. but david, i want to go to that point because divided ministration has been critical of opec plus for not increasing it's output by even more as oil prices surpass $70.00 per barrel and now edge closer to 80 dollars a barrel. do you expect that administration to continue to push opec to do more? i think at the bottom presidency, you will have no choice but to continue to go ahead and call on opec. however, i do think that opec will continue to hold the same line, which is they will do what they think is in its best, its own best interests, along with supplying the world with oil that it needs. and so i think that the, the, the recent pronouncement that's expect to be delivered as rachel quoted,

i think, is quite measured in that they are agreeing to the fact that boom across is probably going to be quickly passing. it's not going to go ahead and destroy economic growth, and so therefore, the expected hikes in production output should be continued. however, opec shouldn't get ahead of itself and go ahead it increases even further. and so what i think we will see, and i think that smart by opec is to go ahead and see a gradual increase in price. it's gonna hit a 100, i agree with with bubble. and i think you know what, we hit triple digits. alarms are going to go ahead and sound, even though we've gotten there through slow boy. right. and we've talked about this many times with your david on the show, which is, you know, a lot of times we think about it seems like the bio ministration, say opec you need to help us break prices down. but opec's real responsibility is say, how much can we get people to pay without them losing their mind over now, but we just mentioned there,

the bio ministration has also tell this move to release from the united states strategic reserve. but that's only really a finite supplier. so is all the power in opec plus hands at this point, and do they have any responsibility to do what the administration says or can the us or should be us at this point be doing more? and i know you're going to say yes on that one. i think that the us should never given up the fracking in the shell, producing in the 1st place, all at one time, assuming that they can get a project done that isn't going to be done for 10 to 20 years. but opec is not going to cut any breaks and present bite and can send all the letters, make all the phone calls you want. do you think they really care what he says? all that means is they're going to hold up supply even further to raise prices further. they have no, they don't have our interest in heart. they have their own interest at heart. they could care less. they are one of our, even though they're an ally. there are still really anatomy and they are part of more part of russia and china, and they're going to stick it, do it as hard as they can,

because oil is so low for so long. so they have no desire to cut down or increase production to help you know, states of america. right. certainly, opec has no problem sitting back and making money as an oil prices climb. now david, what do you make of that? i mean, i know we're in the 1st year of the buying and ministration. certainly buying is coming in with campaign promises that he wants to fulfill with setting certain standards for the country. but are we on this path of doing too much too fast? and is that going to end up creating a situation where he's having to then back peddle and go back to where we were at the beginning of his ministration. so truly, rachel, i'm surprised that the bodies administration went so quickly to its most kind of its last resort options. calling out on opec certainly, i think it's been 3 times publicly. i'm sure there's been some other private talks as well. and the release of the strategic reserves, i mean, those are last ditch efforts. we are far from the point of last ditch when it comes

to the imbalance between supply and demand. and when we've got another 5 to 10 years to go on this and pull back by the administration to above this point with respect to, you know, development in this country investment in drilling and production. again, i understand it flies in the face of, you know, initiatives to go green, but at the same time it takes, you know, a long time turn around the ship as large as the united states let alone the world . and so therefore, you know, to go ahead and put a full stop on production in this country and for to allow all sorts of constituents to put pressure on the oil majors to stop investing. and at the same time to go ahead and pull out your last the jeffords in terms of what you can go. busy ahead and throw at opec in order for to get some help, which again to this point they don't need to help us, i think is incredibly desperate. and like you said, we're really early in the, by the ministration. right. it's still crazy to think that this is still literally the 1st year now bothered to that point. i mean,

do you see bite in sort of backpedaling moving forward, maybe looking to increase production and then kind of shrugging and saying, well, look, gas prices are finally below $4.00 a gallon? i mean, where does he go from here? well, i think the biden really doesn't know where he wants to go. he's in the middle of trying to fight between the progresses and matters and he's kind of in between nowhere. the last good thing that he actually did was reappoint tara paul, which could slow some of the things, but he will pre probably forced to because of this high inflation that we don't really talk about, you know, when they talk about the 7.2 percent. why are inflation is probably closer to 20 percent, but of course they don't count food and energy. so i think he's going to be almost forced to go back because his letters, in those words mean nothing to those who could care less about what he says and that would be opec for sure. yeah, certainly a lot of daycare and we'll have you both on to discuss it as we move forward. david, tall of protein capital and todd bubble forward above

a trading. thank you both so much for your time. thank you. and finally, we all know that, and as you have been hot over the last year with collectors and investors ponying up big bucks to get their hands on those digital assets. but if you spend hundreds of thousands or maybe even millions to be the owner of an f t work of art, you may wonder how you will be able to display it so you can become the envy of all of your friends. well, the folks that samsung apparently have you covered as their 2020 to line up a state of the art tv will support showing off the f t r. even using the screens technology to do a just display settings to match the creators vision. now the consumer electronics jay has embraced the technology so much. the new series will also feature what it calls quote, the world's 1st tv screen base and f. t explorer. and marketplace aggregator essentially allow users to browse and buy f t 's right from their couch. now this is actually really clever because i know whenever we talk about in a future,

like okay, you spend all that money on it, you win the bidding war. but how are you really going to show it off on our samsung has been clever, actually giving you an opportunity to do so. now you can watch your $1000000.00 and a fee on a $1000.00 digital picture frame. apparently that's where we've gone back to the early 2000 at this point, and that's it for the site. you can get blue bus on demand on the portable tv app available on smartphones and tablets. google play and the apple app store by searching portable tv or it will be, can also be downloaded on samsung, smart tv and roku devices, or simply check it out at the portable tv. well see you next. me. ah, it states, it has to be rash. to be able to afford enzyme and find the luxury that for sure.

despite having the most expensive health care system in the world, we have poor life expectancy. we have higher infant mortality. we have more deaths from treatable causes. so americans are suffering every day from it. it's as if these people don't count. i saw how they can choose your customers and dump a sick tone also satisfy their wall street investors. no parents should have to see what i saw. if you're denying payment for someone's care, your make life and death decisions and determine to get to live and who dies to me, that's best getting away with murder. mm.

ah, your been countries are divided over the commissions proposal to label nuclear and gas energy as green, with the new german government calling brussel splendid, attempting, green washing status, german hassle place, record high energy prices. the snow storms causing flights to be grounded in america with staff shortages amid all the current outbreak, also being light and while covey cases in russia of falling overall the case load them on children. well that is a loading dock in the country on the spoke with the chief physician at the children's cove hospital in moscow. our children an age from one month to 17 years the conditions varied severity, the children harris, severely l. and in the intensive care unit.