hey, chuck edwards, dusty, archie, london. and that assange story wrapping up this our news cost here at our 2 international life for moscow. worse now, exactly half past by tuesday, late afternoon, early evening. thanks for sharing your time. will i say it more of a story still to come when we were at the top with ah oh, driven by dreamer shaped band center, some of those with there's sinks. we dare to ask.

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the this is boom, bustling business, so you can't afford to miss. i'm rachel roberts, word, washington. here's what we got coming up. now, one of the world's most indebted companies is continuing to face issues. as a new year begins, we'll get to the bottom of why fairs and ever grand group were halted on monday. and 2 of the largest american telecom companies have refused to comply with a call from the u. s. government to delay watching new 5 services. to take a look at the decision, what it all means. plus, we'll take a look at the energy sector as oil prices sit above, pretend demik levels. well, opec says it expects the amazon variance to be mild and short lived. we'll discuss it all next. we have a lot to get to, so let's get started. and we were the program with the latest in the saga surrounding one of the world's most indebted companies. chinese property giant ever grants was have officially spilled into the new year as training of shares in the

company were halted in hong kong on monday. now the whole and trading was due to the pending release of quote, an announcement containing inside 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 of feeling the pain from the chinese government 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 bonds. so just what exactly is the impact of all this? joining us our discuss is boom, bust co host christy i are the want to start with ever grand here. what exactly is

happening with this call the demolish 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 filled, and we'll 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, or the sign a force from the government that any illegally obtain permit or any under the table of dealings 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 units which had already been sold. so thing as ever grand main source of cash flow comes from the sales of eunice. this is even more bad news for them. so the government made a public show of d. d 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 bringing the hammer down to the real estate sector. so it's absolutely no different than the public flogging that be, 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 while shares are normally halted ahead of potentially huge news. and we've seen that with numerous names from impending drug testing, result f. d, a approval 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 would be some 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 traders 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 processed and digested, what traitors and investors fall is that the demolition order and high end 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 hydro development. and i shouldn't say small because they are 160000000000 r and b, but the market is now watching the asset disposal progress from every grant to repay its debts on friday. ever been already dialed back plans to repay investors in its wealth management products, saying that investors could expect to receive about a $127557.00 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 pay a 100 months to repay creditors. and by that time, the company may not even exist, right? or 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 maturing bonds coupon trucks, 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 cor assets will also be sold at a discount, and they'll be unable to obtain the valuation 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 counts 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 . 2 of the nation's largest carriers, a t and t, and rise and 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 do it as a bus co host,

an investigative journalist and so on. now been while a tnc and verizon 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 of 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 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's the dim . so what they suggested here was instead of delaying the launch bill, 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 the up, it also said it's likely to play some new restrictions on flight due to that. what do we know about that? yes, 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 ebay was asking for 2 weeks of a delay in the beginning of 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 things are 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 in certain weather situations, cancelled altogether. if pilots are not allowed to use those automated systems, the real question that the f a says that they have is whether or not 5 g coming up 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

a 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 have been this is raises the question. i mean, how were we so unprepared 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 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 that the, the f a, a hasn'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, 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 18th of rising are saying is take your time, then take 6 months to do it. we'll 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 an all out delay because the f a hadn't bothered to check this yet . it certainly does not look good for the f k. 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 in 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, 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 f. a figures is up. 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 are 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 doing what they're doing? also not likely because there's an enormous lobbying on for telecommunications 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 demean is probably the most likely scenario. best for 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. but spend on thank you for your insight. and as a 5 g worry, that was word enough for the airline industry, things have only got worse than the new year with the holiday season, drawing to

a close, and a spike in nama con cases across the globe. airlines have been forced to cancel thousands of flight r t. trinity chavez filled us in on the delays. and how the industry is fair. 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 oncoming variant is impacting roughly every sector, including the airline industry, where 2500000 americans are expected to travel today alone. today and 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 u. s. air line a month with a travel travel continuing as an east coast storm approaches with more than

$1800.00 us flights cancelled as of 7 am. on monday, southwest airlines canceling $400.00 flights roughly 12 percent of its flights. while jet blue has cancelled 136 or 13 percent of its flights and there is no space loop when the time bumping 2 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 arm across varian will have on oil market eyes. prices that above pre pandemic level will get into the latest in the energy industry, neck. and as we go to break here, the numbers of the clothes with

with oh, this isn't an often it, oh, even susie children have been paid for the fun. his house. only. yeah. papa blue. i give them a devout knack or chicken marsh. mom with matching . he's got a nice the mini goal of michelle in the middle initial. oh gosh, no man is violet. my mom is violet. but dana, mom, yes, my city is with

me. okay. allow me to book a book. i love you, flow valuable. our last me, i'm here and i use the challenge. i can only, you know, is to me under discussion a shuttle. i can redeem with. i kind of oh, i just don't know. i mean, you world that is yet to sleep out. disdain becomes the advocate. an engagement

equals the trail. when so many find themselves will depart, we choose to look for common ground. the welcome back. the new year is kicking off with more of the same for oil prices as the international bet which 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 coven cases are surging, there continues to be a sense of optimism as major government indicate that they won't call for massive locked downs and responses we have seen before. now that optimism is also expected to have an impact on opec plus, as the cartel prepared 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 varian 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 2014 was running us out of the gas or david towel, president, approaching 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 tall, which is exactly what they're,

they're not going to cut us any brakes 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, gave the ability to export, which means that prices are going higher because fossil fuels are used a lot of everything we do every single day. and we're gonna talk a little bit of that and ministration action with you as well here. but david, i want to go to that point because the bio 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 $80.00 a barrel. do use the expect that administration to continue to push opec to do more i think at the bottom present. and so 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 can be delivered. rachel, quoted, i think, is quite measured in that they are agreeing to the fact that coma crohn 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, go ahead it increase it even further. and so what i think we will see, and i think the 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, once we hit triple digits, alarms are going to go ahead and sound, even though we've gotten there, you know, through slow boy, right? 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 binding 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 it now, but we just mentioned there, the bio ministration has also to this move to release from the united states strategic reserve. but that's only really a finite supply. so is all the power in opec plus his 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 listen. 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 could 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, and president biden 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 gonna 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 to it as hard as they can because oil is so low for so long. so they have no desire to cut, cut down or increase production to help you know, i'd say it's 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 this, 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 body of 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 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 to turn around the ship as large as in 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 ditch efforts in terms of what you can go ahead and throw at opec in order for to get some help. which again to pub, 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 didn't ministration. right? it's still crazy to think that this is still literally the 1st year. now the other, to that point, i mean, do you see biden's sort of back pedaling moving forward, maybe looking to increase production and then kind of shrugging and saying will look gas prices, they're finally below $4.00 a gallon? i mean, where does he go from here? well i, i think that biden really doesn't know we're worry, wants to go, he's in the middle of trying to fight between the progressive matters and he's kind of in between nowhere. the last good thing that he actually did was re appoint your 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 cpi at 7.2 percent are inflation is probably closer to 20 percent, but of course they don't count food energy. so i think he's going to be almost forced to go back because his letters and his 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 day care and we'll have you both on to discuss it as we move forward. david, tall of protein capital and todd baba horwitz of by the training. thank you both so much for your time. thank you. and finally, we all know that an a teeth have been hot over the last year with collectors and investors ponying at big buck to get their hands on those digital assets. but if you spent 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 screen technology to do a just display settings to match the creator is vision. now, the consumer electronics j 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 energy use really, okay, you spend all that money on it, you, when 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 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 time you can catch the 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 you 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

it states will have to be rich to be able to afford an informed luxury good 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 data from treatable causes. so americans are suffering every day from it. it's nice people don't. i saw how they can choose their customers and dump the sick so also they can satisfy their wall street investors. no parents should have to see what i saw. so 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.

ah, this i was top headlines there were naughty international european countries ought divided over the e u commissions proposal to label nuclear and gas as a green form of energy with a new job. and government slamming brothels plan as quote greenwashing snowstorm as a grounding flights in america with staff shortages. some of the all micron outbreak also being blamed. and while coven cases in russia are falling over all the case load among children is alarming. some doctors here in ocoee, we speak with a chief position of a children's cove and hospital right here in boston. our children an age from one month to 17 years. the conditions varied severity.