the fuel factor where rising prices are slamming european national gas, natural gas, we'll get to the bottom of what's pushing prices up. got a lot to get to go. we leave the program with the state of global markets investors where the impact of the amazon very inflation data jobs growth, and when the federal reserve might take action, raise interest rates that remain near 0. now, with all of these factors in mind, equity on the green side of that live rising oil prices push things up mid week before falling into thursday, the russian rouble also fell off month long, high or low is due to those rising energy prices. so they were to keep an eye on here, will be the us secretary of state comments about the nordstrom to pipeline being leverage for europe against russia. after much wrangling over that project, moving to asian markets, the shanghai composite is in there, read down by about one and a half percent. it has been falling steadily throughout the week. top chinese officials called for a broader tax cuts in the nation is concerned over slowing economic growth persist,

worries in the property sector continue as developers are on the hook for $197000000000.00 and obligations in january alone. and hong kong hong song is also flat on the week, but made gains to close things out. speaking of the chinese property, whoa, he will remember monday shares in every group were halted as news broke about the embattled company being ordered in mileage 39 building. but on thursday developer saw some gains that the index is a whole gain nearly 2 percent in japan. we have a red arrow for the ne k down by one percent. and the case saw last is a 3 percent on thursday, react to the down. the united states thing is 1st loss of the new year. now of course, keeping the future of the fed tightening monetary policy in mind. in india, we have our 1st green arrow for the week, for the centex getting nearly 2 percent on the week. this was the biggest weekly gained for the index thing, september energy and it related stacks pushed things up to close out the week. the

national statistics office has predicted the country's economy will grow by 9.2 percent and the current fiscal year, this would be the largest growth since the eighty's propped up by farming mining and manufacturing output in australia. the s x 200 down for the week by just under one percent earlier in the week. shares hit their highest level in 5 months, but fell off as tech stocks dipped on wednesday. following the trends of the nasdaq as a watch for the federal reserves outlook on rate hikes, in response to the amazon very household spending in sydney and melbourne, it low levels not seen since widespread, locked down the mid the height of the pandemic and moving to south africa, we have a green arrow, but market did trend down to close out the week. the ran strengthen against the dollar to close things out as analysts are looking at a central bank interest rate hike early in the year. now let's go over to rachel with more from europe in the american express care. we start in the u. k, where the foot the has a rare green arrow to end the week. this comes despite the nation reporting around

$200000.00 new covey cases per day. which is resulted in a sharp reduction of staff or hospitals, transportation retailers and restaurants. now, recent survey from the british chambers of commerce found that a record number of visitors are concerned about inflation and more than half planned to increase their prices in the coming months to keep up. inflation is also a major concern nearby in the year where the french cack is down while the german dax is flat for the week. as we report it, inflation in germany is now nearly 30 year high. however, inflation in france, stabilize is a slight decrease in energy prices was able to offset the increase in the price of goods. those figures are bringing about hope. the skyrocketing prices may have finally hit their peak across the atlantic. now to brazil, where the ego bus is also in the red falling more than 3 percent this week, the nation continues to struggle to overcome an ongoing recession as industrial production for a and in november, marking a 4.4 percent decline,

year over year. as it falls to the 6 month in a row, despite multiple interest rate hikes, inflation has remained in the double digit. and it's another red arrow over in mexico for the b m v. while inflation grew less than expected in december, it is still more than double the central banks target, leading to predictions that there will be another interest rate hike for the 6 month in a row. the auto sector that the nation relies heavily on also saw production fall to its lowest level in nearly 8 years. as the global chip shortage continues to take a toll on the industry. and here in the united states, the tao, the nasdaq and the s n p are all down for the week, while inflation remains near 40 year highs. the federal reserve gave new insight into his plans to begin increasing interest rates as early as this march with plans to begin reducing its balance sheet in the months to come. as for the question of when those prices will come down, while the buy an administration claims that has

a plan to tackle inflation industry by industry. and finally, over to canada, where we have one more red arrow with the t s. x. not only are the majority of canadians concerned about inflation, which is at a 19 year high, but a recent bloomberg survey found that 90 percent believe it's time to start raising interest rates, hoping it stops those prices from increasing even further. now moving into next week, we will continue to keep an eye on the safe inflation and the ongoing impact of supply chain shortages around the world. and the latest jobs numbers here in the united states are in and the labor department is reporting that $199000.00 jobs were added in december. that significantly less than the $450000.00 that were expected. but it does mark the 12 consecutive month of job growth here in the us. at the same time, unemployment also hit a new pen. derek pandemic era low with president joe biden refer to it as

a historic moment for the country. but was so many of those jobs being added back following the year of historic lockdown that we saw in 2020 and with job growth falling well below expectations for another month. questions remain as to how it will affect the federal reserve and its definition of maximum employment. so joining us now to discuss their boom moscow. i and tobin smith, ceo of transformative research. it's great to have you both on the show today. christy. let's start with you now. we know that the federal reserve has been using this term, a maximum employment as a target for months now. so are we finally approaching that target and do we know what it could mean for the funds timeline? yeah, so despite the poor job creation, last month, wages rose and the unemployment rate fell below the 4 percent level that the fed official feels is assailable. so what that means is that there's really nothing to dissuade the fed from raising interest rates in march and shrinking its balance

sheet soon after that. and that's the benchmark that they set. so they're going to try really hard to try to stick to it, even though it doesn't tell the full story. because as of mid december, the economy was missing about 3600000 jobs relative to the employment levels from just before the pandemic began. so there are basically 2 story lines here, unemployment rate improved, but the labor force participation rate didn't budge at all. and now this measure includes people who don't have job but are actively looking. so the lack of improvement in the labor force participation may eventually force the fed to rethink its views on how far away they are from. maxim blame it. so the latest numbers suggest that there is still demand for labor, but the various factors kept the lid on hiring throughout the fall, such as a lack of child care virus spheres, large savings cushion from last year. and so the rise and also the rise of on the con, prompting more restaurants to shut down or basically just to say in nor dining in

general. so looking at this point 9 percent, it only tells half the story. absolutely. now what do you make of this whole situation? because when it comes to the jobs report, we keep seeing results that are far below the reported target. and meanwhile, of course we have those record number of job openings. so why are those estimates been so far off in the last few months? and is this something that we should be concerned about at all? well, there's a couple of reasons, but let's start with christine. i disagree here. we are at full employment. and the reason is we don't have the metrics, remember all the ways that we measured employment. we're all pre pandemic. and you could actually get ahold of people, you could actually get to the 80 p report versus other reports and then you had seasonal smoothing will not let applies anymore. frank marriage, for instance, we have probably 10000000 people that we blocked out of the out of the workforce. they're gone. it's the great, you know, goodbye. well, how do you model that? you don't, we don't still understand how many people have retired. they were when we talked

about yet, so you know, in economics, we call this really dirty numbers. but if you just do the really simple math, we are at maximum employment in last 5 or 8000000 people decide next. but the come back to work and any going to happen. what does that mean per tobin in your opinion, for the federal reserve at this point? well, the reserve is going to start in march. remember, here's the big headline. we have had quantitative easing. the other words buying, putting money into the economy for $6.00 trillion dollars since 2010, 2011. we are now going to be in quantitative tightening. we haven't had that in can 11 years. what that means is they're pulling reserve cash money out of the system. and when that happens, interest rates go up. that means that, you know, the tech market has done what it's supposed to do, which is crash, was living on fields for, you know, i'd say 3 years. and what's gonna happen is,

is energy prices are going to go up that good for energy stocks. financial stock to do better because they can make much more of a spread on what their cost of buns are and commodities are going to go up. so there's a lot of ways to make money here. but if you grew up only buying tech stocks, you're going to be her cowboy or cow girl in the next year correctly. where does that put the investors in all a bit? that seems like there's still concern that by policy could be too aggressive in their eyes. but then how does that latest job that actually play into this based on what you and what are basically saying here? i mean, it is aggressive and there's this concern that the fed is not looking at the full picture. i mean, i think the latest job number, there was a mixed bag. obviously a mist expectations by quite a lot. but the underlying story i think was the lack of availability of labor, which is manifesting itself right now in faster wage growth, which is why we saw wage going higher. because right now the fed officials admit that difficulties actually still remain in the labor market,

but they have less to do with monetary policy. and they have more to do with the ongoing disruptions from coven 19. so things like the reopening of schools or child care or health conditions, etc. yes, you also have a lot of retirement and baby boomers also go into those numbers. so there are still a lot of factors in play here and it's not a clean number. as tobin said, but right now the problem still is if raise rise faster than the market is prepared for, it will hurt a lot of the high growth industries, especially the title sector. and this will also put a lot of pressure on the economic recovery as well. right, and i know we've seen certainly a lot of changes over the last 2 years and have had a massive impact on our economy. now toby and when it comes to the end, this latest sort of free money era driven by the said, are you seeing a difference in the way that the public views it specifically when it comes to different generations of americans and the ways that they're investing? well look at, we have what 31000000 new brokerage accounts that stock brokerage accounts,

who never had a brokerage account in the last 2 years. what did they seem for the last 2 years? you buy tech, you buy tech, you buy tech, to think of them buying an energy stock, particularly if they're a zoom or, or millennial, who think that, you know, energy stocks are, are killing them climate. it, they've got to be in, in like twilight zone right now. it's funny that in 2000, when i was a hedge fund manager and we had got out of tech and we got into energy and financial sold and so forth. people thought we were crazy because they just started investing in 1998 and all they bought was tech stock. so this is a massive transformation when, when you go from quantitative easing, the quantitative tightening of a monetary system, it's a whole new playbook. and i'm afraid unless these people are smart enough to watch the show that they're playing, they're going to be investing with the old playbook. and we've got a new playbook to make money problem. or as i'll certainly be interesting to see where it goes and we will be here to cover it along the way. tobin smith of transform research and boom bus. christy, i think you both for your time and insight going to be

a you and 2022 is kicking off with the new round of media consolidation among the move that appear to be on the horizon. warner media and cbs. looking to sell majority ownership of the c, w network boom bus co host, an investigative journalist, ben swan is looking into the story for us. guys, among the media moves that are being made are a new round of acquisitions aimed at making media companies not only bigger, but much more valuable. so let's take a look at those. the new york times is buying sports new site. the athletic for $550000000.00. the latest move in a strategy to expand its audience of paying subscribers as the newspaper print ads business continues to fade. as of the most recent quarter, the times had around 8400000 subscribers. it has been diversifying as coverage with lifestyle advice, games, and recipes, how we need to counter a pull back from the politics driven news traffic boom of 2020. or meanwhile, vox news is planning its own expansion with plans to acquire group 9 media. the

publisher of sites such as phyllis, now this and the dodo a move that would combine the brands into one of the biggest online publishers in the digital space. the combined company would bring in more than $700000000.00 of revenue. and more than $100000000.00 in profit. and then their shock of selling off the seed of u as warner media and viacom cbs are exploring a possible sale of a significant steak or all of the c w network, which they jointly own. among the suitors in line is next our media group, the nation's biggest broadcaster, and a large owner of affiliates of that network. a keep in mind, these moves come as every major television network has made the move to streaming apps, including peacock, paramount, plus h, b, o. max, disney plus only to be joined on the new side by c and, and plus fox nation and portable tv. so what is the point of all this consolidation? well, the truth is, the answer is pretty simple. it really comes down to one of 2 things. either a subscription base model in the future in order to derive revenue from users or

the old advertising base model in order to better compete with google, who completely dominates the online digital ad space reporting for boom bus, i'm been swan and time now for a quick break only come back, energy prices are on the rise, yet again in europe. as the debate of an annoyance into i, blind continues to rage will bring you all the details on the other side. and as we go to break here, the number is not with 0 driven by drink shaped bankers, senators with

theirs sinks, we dare to ask who it states it has to be ready to be able to afford enzyme and find the luxury that for sure, despite having the most expensive outcast 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 confuse customers and dump

a 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 determined to get delivered and who dies to me that's, that's getting away with murder. mm . the welcome back i we have talked about in the last several months. europe continues to face rising natural gas prices, prompting worries so that the energy crunch could get even worse. european gas

prices rose by more than 30 percent on tuesday and jumped another 5 percent on wednesday. now the price at the dutch t t. s hub, the european benchmark for natural gas trading leveled off a bit into friday, dipping nearly 10 percent. prices are still sitting well below december highs, but as temperatures continue to drop in the region, concerns remain. so we thought we would take the opportunity here and it would be good to take a look at what some of the reasons behind the natural gas shortage shooting up prices. as joining us now to discuss the type of welcome, he's the director of public citizens energy program, tyson, always a pleasure to have you on, and always need an expert opinion on these things. now we've covered the unrest and causing style, which has been attributed to rise and gas prices, while there are changes between the western russia oversupply. but broadly, why are we still seeing the supply issues that are causing at the energy crisis, which is pushing price up? because if you think about it, we understand the oil situation, travel, air, travel, trucking, everything was affected when it comes to oil, but gas, the bit of

a different story. yeah, there's, there's really 2 issues here. one is the e. u is in competition with for gas supplies, from larger markets like asia. and so if you are a supplier, you are going to send your gas where you can fetch the highest price. and so prices in the u. they are trying to out bid asia and china for those gas supplies. the 2nd issue here started really a decade or so ago when for a variety of political reasons, the, you wanted to get away from our long term natural gas contracts that were linked to the price of oil. and this was mainly for gas supplies from russia. and the you wanted to move towards a spot market for natural gas. and while that made sense several years ago,

right now, e u is probably regretting that decision, because by moving those contracts away from long term fix contracts are they're now moving into short term or spot contracts where the prices are significantly higher. and so as long as the e u is going to be competing with other larger geographic regions like asia and as long as the eu has a heavy reliance on spot, rather than long term contracts, they're going to be a, you know, susceptible to the kind of price spikes that you continues to see, and it has been notable to see how that demand has shot up, especially across asia, over the last year. now a lot of this week, spike in europe was attributed to a pipeline which delivers gas from siberia to europe, sending flows eastward from germany to poland. now why is that happening in europe is having these price issues, and i know you mentioned those long term contracts,

do you see them possibly going back more tor, those contracts and they kind of learn that lesson from what they're saying this year the i think the you has to reconsider it's, it's over reliance on the spot market because just as we saw in the united states, a reliance on the spot market can be very hazardous. if those prices become volatile and increase. obviously, having more stable pipeline supply into the e. u would be a big help and i think there's been a lot of political delays to the nord stream too. but if the nordstrom too, is allowed to provide a russian gas supplied to you, that's absolutely going to alleviate of many of the problems here and, and definitely have a significant downward effect on prices. and now i know you guys follow a lot of these, these types of issues and, and even the politics behind it. i mean,

you know, we talked about it earlier in the week that the secretary of fake antony blinking, actually made the point that he said, you know, actually, germany can use nordstrom to as leverage against russia after it seems like there had been a lot of talk from the west that, oh, russia was going to use this to leverage against europe and germany. i mean, do you see it really as a political issue or is this about a knee? oh, this is absolutely political. ah, you know, germany is the most important and biggest economy in the u, and they want the nordstrom to pipeline. and democrats originally were lining up against it and of in support of issuing sanctions. and the bite administration to their credit is listening to their important ally, germany, and saying listen, it is important for stability, for an economy and energy stability reasons ought for us to listen to germany and

support of the nord stream to and so you know, senator ted cruz are from the state of texas. ah, of is going to have a vote on, on sanctions against of nordstrom too. and so far the bind administration and most democrats are lining up against, ah, that ted cruz sanction bill. and so i see the democrats as seeking to support germany in the e. u to get more stable energy supplies in europe. the also, the recognized ted cruz is really responding to certain natural gas producers in his home state of texas that think that well, instead of russia supplying inexpensive gas through a pipeline, we can move liquefied natural gas exports to europe. but that's really a fantasy. only about 25 percent of us. ellen g exports are going to europe. most of our exports are going to china. it's

a bigger market. the prices are going to be higher there. and so really, this is about politics, but it looks like the bind administration is convincing a key democrats that we, that we need to support germany in their calls to get more secure pipeline access for natural gas. absolutely, i would say that i really appreciate your insight on this because this has been such a political issue and i think you really nailed it down there. tightened slocum, of the public citizens energy program. thank you so much. france, i will have to back. so you gotta and finally, some struggling businesses will trial to buck their customer base to diversify, while others lean into those that support that the latter is the case for game stop the video game retailer that grabbed headlines last year when it's doc became one of the 1st, mean facts which saw share prices jump nearly 2000 percent at the start of last year. now sources are telling the wall street journal that game stop is working on

creating a partnership with 2 crypto companies to share technology and co invest in the development of games that use block chain and technology as well as other and f t related projects. while little information is known about its plans at the moment, the retailer has a website set up looking for creators to join. it's an a team marketplace. as the news broke, the company's stock surge 20 percent it open. but has since come down to meagre gains on friday and interesting to see how that turns. absolutely, right. so i think this year is going to be the year of n f t market places we heard so much about open fee last year, but now we've seen a lot come on to the mark ready for it. that's it for the time you get through bus demand on portable t v available at portable dot tv will see next time me ah, ah,

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a uniform? a tab has like money in play tricks and people mine a big bad knows what was out the door. very bad trends are common. good news. you have job security because the world desperately needs to join me every posted on the alex simon. sure. i'll be speaking to guess in the world of politics, spoke business. i'm show business. i'll see you then. mm . ah. ah, it goes to the chill. tristan's goal is to chill beginning follows with insurance

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ah, i have given the order to open fire and kill terrorists without warning because our president claims 20000 extremists have attacked the country's biggest city amid deadly anti government unrest. also thank to allies including russia for sending in peace, kiefer, russia, lambs, harsh rhetoric by the u. s. and the secretary of state is hypocritical. that's after anthony blinking says, it could be hard to make russia leave conflicts done when addressing the president of russian peacekeepers in the region under the c s t o alliance. also the price of bitcoin plummets at 10 percent after an internet outage in kazakhstan, takes out a huge share of the world's crypto mining operation with .