my son is violet. my mom is violet. a mom of a lunch. me a 32. i 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. and the point obviously is to great trust rather than fear a job with artificial intelligence. real, somebody with a robot must protect its own existence with things that they've been bus going business or you can't afford to miss. i'm rachel, 11,

bridge boring washing and here's a way of coming up. opec plus members have agreed to boost output as the nations convened a virtual meeting straight ahead. we discussed the decision and how could level off oil prices. and in an effort to seize the wave of digital currency, many nations are rushing to launch their own project. will bring the latest developments in the field, then the buying and ministration says it has a plan to take on anti competitive practices in the meat packing industry that have sent prices storing to just how much are the for largest companies impacting the cost you pay at the grocery store, we'll discuss, we have a lot to cover today. so let's get started. we leave the program with the latest as the oil industry, opec and it's oil producing allies have decided to stick with more of the same when it comes to output. the cars out we'll continue to raise is february production target by $400000.00 barrels per day, as it has done each month since august, when it began to unwind the $5800000.00 barrels per day of cuts that were put in place at the start of the pandemic now, by the end of january,

the group will be left with about $3400000.00 barrels per day of cars to undo by the end of september. poor is it per, it's july 2021 agreement to joining us now to go in depth on this is due by co host an investigative journalist. been swan now bad. obviously this comes despite calls from the us and its allies to increase production. opec isn't really motivated significantly to increase that production. what's going on there? yeah, i think that's essentially what it is. right? opec wants to be able to make as much money as possible. we all know that, and that's not a surprise to anyone. but the fact is, is that they kind of leaned on the idea of kron variant being, the reason that they were going to see a slow down and transportation again to slow down in the airline industry. and all of that, we're going to impact fuel price and what actually hasn't really impacted fuel prices. and yet what we see is that opec really isn't in a rush to change anything, right? they want to keep the supply as low as they can. they're increasing by 400000 barrels

. busy per day, per month is what the increases right now. that's a very small amount. what's interesting about this though, is the question i guess moving forward, which is what is actually going to change in the next few months. and will there be a change in, at this point, opec has just elected essentially a new head of the cartel, who's going to be running it. and nothing's really going to change. it's going to be businesses usual. they're going to continue to do what they've done over the past couple of years. i don't think we're going to see a whole lot change, which means bad news if you are hoping the gas prices are going to drop that this winter, that those gas costs are going to be lower. if your heating bill is based on, on oil, i don't really think that's going to go down either. a lot of us are sitting there wondering about those gas prices. and at the same time, opec is kind of thing back just collecting those profits that they at least thought that they gave up during the pandemic. now i know when we talk about oil prices, there's a lot about speculation and a lot of that comes back to politics. and at the same time, there are still huge concerns,

at least from washington and european allies about russia and ukraine going to war at some point in 2022. now this seems to be a huge driver of continued energy problems. so is it affecting output at all? yeah, why think it's, it's not really affecting the output. what it is effecting is the efficiency by which oil a natural gas can be, deliver to certain parts of the world specifically to europe. right. europe is the one that's really dependent upon, nor string to if nor string to were approved tomorrow. it's not going to change anything for us in the united states. but certainly it's going to change the oil prices, especially in the speculative nature of them across the european continents can have a huge impact there. it's interesting because already hearing, i mean, just last couple of days, increased rhetoric coming from the united states about wanting to crack down on the russians for how dare they allow nor stream to to exist. how do they try to use it? there is a weapon is ation of the terminology that's being used, acting as if your stream to is in and of itself an act of war. and i think that's

very dangerous language. i don't like using the word dangerous very often. i think it's over used in our business, but i think it really is what we're talking about the potential for war and referring to a, an oil and natural gas pipeline between 2 sovereign nations that was agreed to. and treatment like it is an active or i think a very dangerous talk. and of course, as we mentioned many times, 2 of those ages, russia and germany really, really, really want that project because they need it. now i want to hit on another story here because oil exports from venezuela doubled in december from a year earlier as the country raises production of revenue generating hydrocarbons in defiance of us. thanks. and what's happening there with venezuela? yeah, it's a pretty interesting story and i would say this was probably flown under the radar with most people. but look, here's the bottom line. as you know, during the trump administration there was a huge crack on venezuela. the effort there was to really kind of corner venezuela so that they could choke out the ability of been as way led to funded government

because virtually all of that funding comes through oil, an oil reserves. the bottom line is over the last year, venezuela's become much more powerful. they have defied those us sanctions, as you just mentioned, their primary target there. so into is china, of course, as a huge need for oil, they are buying oil from venezuela and a lot of what they've been doing has actually been helped by iran, part of the processing of oil. because as you know, we can't really processes oil. it has a lot of crude but it doesn't refine it. well, iran been helping in that process and helping venezuela to do that. so it was very interesting about this right now is that yes, venezuela is acting in defiance of the us. but even the terminology, i don't like it defiance if i, who is the u. s. to decide who around the world gets to actually be able to process their own raw material. now the us act like they can do that, and yet here we go. so way that has been doing a pretty good job of defining and continuing to move forward. they have more than doubled their output in the last year. it's actually somewhat impressive. and under

the rate, interesting, all 3 of those stories combined kind of wrap into the us, try to stick their nose into all of this boom box, ben swan, thank you so much. you got it. and the race to create a central back bank back to digital current and continues as china has a now it's it is launching an app for the digital you want. now the app will be available for smartphones intense like cities including beijing and shanghai. the peoples bank of china also plans to integrate the digital currency into venue at the 2022 winter olympics next month. this is just the latest step in beijing journey to create and creating a cbc. the admin in the work since 2014, and it's not just china, more than 80 countries are exploring digital currencies with 14 launching pilot program. similar to what aging is doing right now. at least 16 countries, including russia, australia, and brazil are preparing to launch pilot programs as early as this year. nearly a dozen central banks have already launch their own digital currencies,

including the bahamas in nigeria. now if you're wondering where the united states falls on that list, well they're still in the research base and many say that they're falling behind on what could be the future of money as we know it. so joining us now to discuss the latest and octavio marines, the ceo of openness, i'll see now octavio. let's start with you here. while some of the world's largest economies are showing their interest in digital currencies and moving forward with plans to make them are reality. we have yet to really hear much at all from the federal reserve on it's development of a digital dollar. why don't you think we've seen more of a push from the u. s. at this point? let me say, 1st of all, most the central bank digital currencies are not particularly impressive at all. then that basically just a central bank account that works the way bank kinds of always operates. but the big difference is you can't use any cash with it. so you can just extradited from transactions, you can use an app on your, your phone to do that. but you can do that already. so the thing, this,

the great innovation that is not going to be using district technology is, can be centralized at the central bank, does not be anything particular innovative about the line technology. but there is huge, huge difference in terms of who actually holds the money. now with these green central bank just look occurrences is the central bank, the holes money, and not the commercial banking sector. so i think that's the major difference us major innovations and economic one really not really a technological one. so the money is not going to be at a wells fargo or says, bank, or jackson, or what is going to be with the fed. that would be the idea if in the u. s. of such a thing were introduced. that's a big, big change and radical restructuring terms of how the banking industry works. and i think to your question, why has this not happening in the us? but i think the commercial banks in the u. s. are in general, more powerful now in other countries. last part of the federal reserve, russia owned by commercial bank, certainly the regional federal reserve banks are who then appoint members, the board of governors. and so the commercial banking sector in the u. s. is

probably feeling really i'm been about this not example is actually hostile to these initiatives and isn't a better position to control it. so i think that's why the fed as not jumped on this bandwagon just yet. they were making some noise about about half a year ago. i think the commercial banks basically called the representative fed and that is with don't really want to do this. i think that's what's happening more than anything else broker thing. i know we've touched on this many times in the past day, is this whole effort for digital or central bank? digital currency is really just an effort to keep away from the centralized crypto currencies, the traditional crypto currency here. absolutely. because right now, decentralized currency is a very big threat to the entire ecosystem. and not just that cbd c's are trying to compete with just regular crypto currencies in general. not just the beef i space because as much as the biden administration tries to criticize china about china being over controlling our overbearing and with their cdsi, america does the exact same thing with the buy and ministration already trying to look into bank account that hold over $600.00. so see me these,

these are going to be the ultimate invasion of privacy. and they're doing this in order to compete with the beef i, because yes, the defy space is convoluted and it is cumbersome for a lot of the onboarding aspects for regular consumers. and in retrospect, it, it shouldn't be that way. but the great thing about crystal currency and the reason why the crypto ecosystem is so tight knit because they value this idea of exploration and self learning. it, they create things to be challenging because it then you read out just the people who get in because the height because of fomo and everything like that. the people who are truly interested in d fi, who are truly interested in learning about crypto currency. they are actually rewarded with financial gain versus people who are just trying to get on board with something simple. like, don't want to shoot something like that. c, b, c. on the other hand, they make the barrier to entry. very easy because as we just said that absolutely no a new innovation to it, everybody uses a cell phone. everybody knows how pay power says absolutely no new innovation for that. so cbc is trying to capitalize on that,

on the fact that defy is convoluted is confusing, and it is cumbersome for a lot of regular consumers right now. are covered, we covered with you. why something like the federal reserve isn't interested in c b c's. but why are other central banks into this space to create your point that they're afraid of being left behind and they feel threatened by crypt occurrences. and i think they can push something forward to sort of counter that threats. but i think they are very different animals, the, the central bank currency, nothing like crypt occurrences. so the whole idea behind encrypted currency was that it couldn't be inflation or they couldn't be just expanded into the, into the fast with the central bank crypt currency or discount to it back right back to that. i think a lot of these, these smaller central banks have not really thought through about how much work they're going to have to do in terms of customer on boarding and verify who the customers are. and look at the transactions and provide the customer service. if something goes wrong, it's going to be a lot of work and they have to, hi, it's thousands. tens of thousands of people handle that. i don't think is,

is really well thought through the whole thing is, i think the whole thing is really good advice. and the experience and as they get through this, i'll say, well, we have to have a lot of people behind this because now on occasion transactions going to go wrong . when you got to pick up the phone and talk to someone, you have to identify the who the customer is default. they enter into this relationship with the central bank to set up even close to being able to do that. yeah, definitely a lot of work there. christy, we've got less than a minute left. i'll give you the final word here. as in zebra, u. c. s, i think they are cumbersome, but the thing is that what he pointed out was that a lot of technology these days are passive. facebook is very passive. apple is very passive. there's absolutely no help, but on the entire facebook home page. and that is actually what made them famous. it's a fact that they actually simplified everything for the user. and that's actually what the cdc is trying to do is trying to simplify everything because consumers these day, they are passive, they're not actively trying to engage with the platform. they are passive and they like to be fed things. and so that is something that the cb

d. c is trying to capitalize on and it's going to be something to definitely monitor because cbd c, while yes, it is a great as in the block chain record for everything and makes things easier. it makes transactions simpler, cheaper, more efficient, et cetera. on the flip side of that, there's a lack of privacy. there is a lack of accountability on the other side. what happens if that data ends up in the wrong hands? so definitely there are pros and cons to both sides of that boom bus. christy i and octavia moran z of open. miss elsie, thank you both so much for your insight. thank you. so i'm now for a quick break. when we come back, the vine administration says it has a plan to tackle spiking inflation in the meat industry. will tell you what they're considering, neck, and as we go to break, here are the numbers at the club. ah

it states it has to be rich to be able to afford enzyme and fun and 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 deaths from treatable causes, so americans are suffering every day from it. it says if these people don't count i saw how they can choose their customers and dump the sick, calling so also right and 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 with welcome back. here in the united states, the binding ministration is taking steps to rain and rising neat prices. the move comes as the white house is attempting to deal with inflation, which rows at its highest rate in nearly 40 years in november, and is becoming increasingly important issue for voters ahead of this year's mid

term elections. this week. biden addressed a lack of competition in the $213000000000.00 meet packing industry, and which he says before largest companies dominate 85 percent of be production, 70 percent of the pork market and 54 percent of the pre of poultry. the administration hopes to bolster competition by providing funds to help regional processors compete with the giants in the field while pushing for enhanced rules on livestock purchasing and meet labeling. president biden met virtually with independent farmers and ranchers monday to discuss the initiatives. in too many industries, a handful of giant companies dominate the market. and too often they use their power to squeeze out smaller competitors and stifle new entrepreneurs, making our economy less dynamic, giving themselves free reign to raise prices. i've said it before and i'll say it again. capitalism without competition, isn't capitalism? it's exploitation. that's what we're seeing and mean poultry. so well,

these latest move make any significant impact on the industry will. joining us are discussed is chris swift, swift trading company. chris, pleasure to have you back on the show. i know it's been quite a while. it is to groups that back the nation's largest meat packers have already been critical of these latest that say, this is really a workforce issue and this could actually make the problems even worse. what's your take on that? i'm not real sure how we could make it any worse. increasing our packing capacity always makes more room for the producer to have applies to marketing inventory into the bigger benefit seemingly coming with the smaller plants would be to the individual consumer. it wants to source their me product, specifically from an individual producer and then see where they know that mate was produced. what all went in to that made production and they feel safe for having that product there that they of individually source sprung up. so we love the smaller producers out there in the packing production. that's what we're probably

looking more towards is bringing on more plants that can either process panel or halts in there. and some that are already maybe they could increase more with robotics or even some increase in on. now, when it comes to the statement that we heard from president biden, and from the by an administration, they have been hyper critical of a lack of competition within this space, which is allowed these big companies to squeeze out regional and smaller producers . do you see this is a major in major issue rather within the industry? well, i don't think that this new bill will do much to be able to help lower anything from the majors they are. i think that we look at vertical integration and we see that we need to produce the amount of b for our public needs to have that kind of movement through some burglar integrated lines. and the supply chains i think will we have to look back is that if we go back in time, we can see from the o 9 for 2013 time for him,

we're packing industry was very large. it was very antiquated. and through the next 2 to 3 years in the 20132014 thank a separate contract that they made the business decisions that were necessary to be able to make them profitable. unfortunately, at the exact same time, we saw our producers increase that supply greatly. that began to tax the current packing capacity in an over the number. ready of years for which we continued to increase those flaws, we did not increasing the pack pasheti. so even today we've not increased it all that much, but enough the words robotics that have come into as well as the increased employment has helped to work through a lot of those animals. there were an increase in slot. i will be out of the crate to give us a lot of information. you know a lot more about this industry than i do. so the question is, based on that, if you're, if you're given, are we consuming more? me here with united states a we or we're also exploring

a lot more as well. the united states no way in grass. it tutoring in corn, fed bee. and we know that other countries and developing countries that now have more money than what they have had before, are able to afford those products. so we are the number one seller of hybrid corn beef and that tends to be very desirable as a lease up and coming countries. now is it a concern that when we see that, you know meat, poultry fish eggs have seen a 12.8 percent inflation rate over the last year. that you know, consumers who are already paying more and pretty much every aspect of the economy already feeling that pain. is that a concern? i don't think so. look at a 12.8 increase on exit 8 nonsense. a garage and attention to a dollar. are ribbons to where 1399 that takes me to 1599. we we look in our other aspects of healthcare and the amount of it increases our energy prices which have increased significantly. but most of those increases are all done by the mandates

that the government puts on businesses that stifles the production of those or chris swift. i appreciate you coming. i will follow the story further. chris swift of swift trading company. thank you so much. acute now to the case that reads like the script for the movie, it inspired their nose founder elizabeth holmes has been found guilty of defrauding investors after she raised $945000000.00 for her biotech company, which is valued at over $9000000000.00. now the only problem with the technology she was selling didn't work, but that didn't stop homes from attracting high profile investors, such as rupert murdoch, betsy devoss, and the walton family. but even with the verdict now reach their sto, countless questions about how the business was able to reach the heights it did, and what investors can learn from it. so joining us now discuss it in the analysts, lionel. now line all we know that elizabeth holmes was facing 11 counts total, but she was found not guilty on 4 counts related to defrauding the public. so what

was it about those 3 wire fraud charges related to her investors that led to the guilty verdict? well, let some as a say, now let's unpack this burning the only hot charges she was found guilty of the only verdict war in defrauding investors. the acquittals came from defrauding. theoretically the patience was that tell you. same case. virtually 2 groups of people. those who put the money and those who could have died by, by virtue of this fraud, those cases were acquitted. now, the themes are incredibly here, excuse me, and my humble opinion. this is more interesting than the elaine maxwell. while this is somebody who lives in silicon valley, right, there's this whole idea and there is a whole fake it till you make it idea. and in this rough and tumble brash,

you know, ly perhaps to sell your product. in fact, she, even she, she base her home countenance or look on steve jobs. this was different. this was an app. this wasn't something that was fun, this wasn't facebook just with people's lives. but, but brent and rachel, what i don't understand is, did any of these great investors do any due diligence? i mean, if you want particular back, every in the, in the book bad blood is fantastic. everybody who knows anything about this, and i certainly not an expert, but it's very simple in order for you to, to do just one. just one of the series of tests that you can get from the school nano containers. you need volumes of venus, blood, a nice quantity, vacuum, venus as in veins. this never could have done this. they knew this from the beginning. my question to you and everybody has what role do the media play?

what rule, duty investors play? i wanted the biggest backers of this was president. now president bind, who said this is the laboratory of the future. so they knew this, they should have known this. all of the people who said, listen, i think we should go on what we should hear because of your children. what did do, do they not have anybody independent walgreens bought into this thing? this is the part that amazes me. and let me tell you, is that right? she is looking at a sentence that is going to boggle your mind. this is bernie made off level. these under the federal sentencing guidelines, the number of the victims, the amount of controversy, the fact that she took the stand and the judge is going to say you lie to me over and over again, people for the 1st how brave she was taking the stack. now, you know why you don't do it. so this case is,

is far from over and it fascinating in terms of the implication, and why don't i really have about 30 seconds left, but the trial wrote, received so much attention. obviously, as you mentioned, there's a great book about it. documentaries, there's a blockbuster films being ready to be released. i mean, is there danger of being another therapist or do we learn a lesson here from this? absolutely not. absolutely not because that mentality is going to be even stronger because brentwood, they're going to be do is they're gonna, instead of saying, wait a minute or we to be, we don't want to be the next one. they're going to say, oh, don't worry, we're not darren ups. sure if you think they're gonna pump the brakes after this, or not even close wiggle and media analyst, lionel, thank you so much for your dominance. i thank you. and that's it for this time you get boom, both on demand on the portable tv app available on smartphones and tablets through google play in the apple app store by searching for a portable tv, portable tv. you can also download it on samsung, smart tvs and roku devices, or simply check it out at portable die tv. we'll see you next time. mm.

mm. other financial, the why? the guy? i don't buy a i guy on the features of the friday at the last time i buy it from the future. so franco watched kaiser reporting to what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race group is on often very dramatic development. only personally and getting to resist. i don't see how that strategy will be successful, very critical time time to sit down and talk with their child,

tristan school. and if the child didn't wanna deal with each one is a better way to assess my william, let's use the status of it as a courtesy. what was left the game is that with i with water, with machine that i did with? no, i need to put that amount with our our new with

ah, unworthy and irresponsible french politicians express outrage if the president micron uses foul language to take us why that unvaccinated citizens in the day hated debated the country as part of the weather took with charges against former governor of new york, andrew cuomo have been dropped. he was accused of under counting care home, death and of sexual harassment. that with victims of what kind of society or would over 50000 people die horrible, agonizing death alone. my father died a lump and there is no semblance of accountability with.