when you were to judge the villain, could be produced. teachable was all reason this. monday's a good price fixing is the problem. if you want a free market, you've got to lead the market, be free. you can have half of the market free. and then half the market fixed, do you end up with the problem that we have today with this is boon. bought the one business show you can't afford to miss the i'm branch of war in washington. here's what we have coming up. federal reserve chair jerome paul has based congress where he saw drilling on factors from inflation to the supply chain. straight ahead will bring you all the developments from the hearing

loss. vic coins bear, market rages on as some forecast is, are flipping on their $1.00 to $100000.00 projection. we take a comprehensive look at what it means for the developing sector. and the world's largest trade agreement is coming together as some of the biggest players in the asia pacific region are participating. we'll dig into those details. gotta pack. so today was dive right in and we lead the program with the state of the world's number one. economy is federal reserve chair jerome powell, testified tuesday in front of the senate banking committee. now during the confirmation hearings for powell 2nd term as bad chair, he was pressed by senators over plans for tightening of monetary policy. after a year of downplaying ramp and inflation as a transitory effect. pol address the impact of rising prices. we know that high inflation exactly toll, particularly for those less able to meet the higher costs of essentially like food,

housing and transportation. we are strongly committed to achieving our statutory goals of maximum employment and price stability. we will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched. consumer prices have been rising over the last year, surging 6.8 percent in november. the highest rate since 1980 to the labor department will release december's numbers this week with expectations of inflation rising by 7 percent from the year prior. now while the central bank has started to pull back its quantitative easing, the question is becoming when will we see interest rate hikes? and for that matter, how many in 2022, with unemployment in december dipping to 3.9 percent power spoke about measures. the fed is looking at our principal, ah, tool is interest rates and, and they have, they effect demand overtime. and i do think that the main thing that we can do is to make sure that you know,

consistent with the full inflation side of our mandate. that we do foster a strong, an employment market. if we see inflation persisting at high levels longer than expected, then, then we will, you know, then we'll, if we have to raise interest rates more over time, we will, we will use our tools to get inflation back. and the main reason is this, in a reason is this that to get the kind of a very strong labor market we want with high participation, it's gonna take a long expansion. despite the positivity paul shared about the economic recovery thus far, he was quick to point out. there is a long road ahead and tightening monetary policy. we're, we're really just going to be moving over the course of this year to a policy that is closer to normal. but it's a long road to normal from where we are. we're now we're very highly accommodated in it. it's, it is really time for us to begin to move away from those emergency pandemic settings to a more normal level. and meanwhile,

as we have discussed recently has been a rough start. the year for crypto currency as big coin is down more than 10 percent since the 1st of the year after falling below $40000.00 on monday. now the world's most popular crypto currency has rebounded somewhat in tuesday, but still fits more than 35 percent below all time high seen just over 2 months ago . now it should be noted that volatility has been the name of the game in the 1st 8 days of 2021. for instance, bitcoin jump nearly 40 percent to reach the $40000.00 threshold for the 1st time. now, mid the latest run, we've heard bitcoin could be headed for the covenant $100000.00 mark. and amid this dropped, analysts are pointing to the dreaded death cross. they measure that appears when the price over the last 50 days dropped below the 200 day moving average. and as a reminder, it's not just bitcoin neither other popular coins like a theory i'm have struggled in recent weeks as well. joining us now to discuss is natalie riddle, she's the host of coin stories. natalie, it's

a pleasure to have you on the show. really appreciate you joining us today. what are you currently seeing with the down weekend and a half or so for crypto? are you seeing this effect, any sentiment within the community right now? it not timing the market. a lot of that vocabulary is really for traders when it comes to the speculative and volatile nature of bitcoin. but right now, you know, it's true, it's about as low as it was in march 2020. and i think it's not really surprising given that the feds rhetoric is moving toward, you know, liquidity withdrawal mode. but what's interesting is that, you know, i talked to the people who are the long term holders, myself included the true believers. we've been in the game for years and we've stomach volatility in the past. and, you know, seem path corrections in depth. and the sentiment right now with them is one of relief, because we can accumulate more bitcoin and stack more big claim because we ultimately think it's under price right now. so, you know, it's sad to see that the price isn't at that 6 figure mark that a lot of us we're hoping for. but again, right now the spent is trying to move towards q t. and i think that they're going to find that that's going to be very difficult to

do. well, i, you know, we've seen recently, natalie, that the price of bitcoin specifically has kind of reversed correlated with the say, the stock market. and as the fed maybe talks about the way they're going to handle their policy, bitcoin goes up and respond. so why is it reacting when talking about that tightening of policy? why are we seeing a downward trend for bitcoin right now? yeah, i mean, right now you've got to remember that big one is really only ever existed in a quantitative easing environment. and so i think there will be speculation coming from every single direction, especially with a volatile asset, an emerging technology like big coin, you know, we all hope that it would break the 6 figure mark. but, you know, given right now, now what's happening at the macro level with inflation and how they're trying to respond to it. i think that this reminds us, that big point is not something to take lightly. ok, it's an emerging technology. it's at its earliest stage and anything that can go up a 100 percent, which it did last year is going to be volatile. it's going to have the significant depth because it's also very liquid. and those depth scare people from time to time

. now people who bought and held always end up happy. those who bought while people were the most scared, they're the happiest of all. and i know that it feels safe for buying in the green, but it's actually always safer buying in the red. so i'm not too concerned about it, but you know, i think that we're still going to see some rocky waters ahead. as we listen to what j powell is going to say in which direction this, the federal reserve is going to move in order to try to control the inflation in our economy. and you talk about that 6 figure mark that everybody's looking for because we've heard wall street analysts pump up bitcoin thing. it was going to the moon at $100000.00, then they say it would drop to $20000.00. now a new note from j. p. morgan includes the survey showing only 5 percent of its clients going to $100000.00 this point while the majority believe it's going to $60000.00 mark is more relevant here. does any of this chatter for wall street really mean anything for those true believers and hollers? now i really don't think so. i think it's

a lot of noise and we're trying to do is as best as we can to educate people about how not only is between the best performing asset of the last decade. but it's truly this unique savings technology that couple of decentralization and removing us from being sort of at the whim of the central authority and whatever they want to do with these, you know, the manipulation of interest rates. and also this idea of true digital scarcity. while they print money, you know, into oblivion. this is just 21000000 bit points that will ever exist. and it's owning a pre piece of digital real estate that hopefully will allow you to be able to save and accumulate wealth into the future. so us long term holders, we're not concerned about this short term volatility. we always tell people remember to zoom out because anyone that has bought and hold big coin for at least 4 years is in profit. and you know, yes, we haven't reached that 6 figure mark, but there is so much speculation, so much volatility. there are other countries people out there who don't have to suffer the capital gains tax, right. so they're trading in and out of these dips. and i think that we have more

volatility had because it's such a new technology. but ultimately i think big wind, well went out in the, in the end. and i look forward to when more people are educated about and, and, and allocate part of their portfolio to what we're definitely thing more and more of that these days. natalie, i went ahead one more story before we do go. because obviously the big story in the last couple of months of 2021 was el salvador adapting bitcoin as a legal tender. and i know that you've sometimes been credits critical of the idea of it actually being used for payments rather than as a store, a value or, or say, an investment. but you know, when you look at the price drop and that volatility that we've recently seen, does that raise some questions about a move like this, especially when they've invested funds into bitcoin as well? yeah, i think only time will tell what kind of decision it was for president ne, blue kelly to move his nation onto this bitcoin standard. i personally, i'm very bullish on it. i think it's going to end up being something really great. i mean, the nation has faith so many debt issues and i really think it will ultimately be a fantastic decision. the other nations will follow you, but you're right. i mean,

here in the us where we have this relatively stable currency, the us dollar, which unfortunately is depreciating and purchasing power over time. it's a great medium of exchange. i think that here big coin primarily served as a store of value. and i think that's fantastic. however, in other countries, you know, for it to be a medium of exchange and to facilitate transactions and allow people to subvert, oppressive governments or allow them to, you know, opt out of hyper inflation. you know much, much worse than what we're seeing here in the us. i think that's fantastic as well . i think, you know, we have to allow this digital asset to grow this technology to grow in the way that it will. and so, you know, in el salvador you have options, there's the cheap wallet and you can change back and forth between bitcoin and us dollars. and yes, there's sort, turn volatility to stomach. but at the same time, i think it's so progressive for the nation's leader to say, you know what, i'm going to not only allow, but i'm going to promote and encourage the use of the technology and a currency that i can never manipulate. and i can never control,

i think that's really amazing. and i'm looking forward to seeing, you know, the performance of those big coin bonds that they've, they're going to start to issue natalie burn out of coin stories. i love your positivity about this this year. i hope we could do it again real soon. thanks so much for having me. and a federal judge in the united states has removed himself from a case involving e commerce giant amazon, the district judge in question. liam o'grady has been overseeing the 20 months civil case in which the online retailer was accused or accuses to former employees, receiving payments from a real estate developer and violating the company's own conflict of interest policies. his cure records all comes after a wall street journal report about the grady family stock holdings in amazon. now it's easy to look at this and say it's an isolated incident, but take this into account. last year, the journal published an investigation which found $131.00 federal judges had failed to recuse themselves from nearly $700.00 lawsuits from 2010 to 2018 in which

they themselves or family members had financial interest. so let's go ahead and take a look into this with legal journalist, molly barrows. molly, i want to start with this federal judge who removed himself from the case grady had actually kinda pushed back against cause for accused. so what ends up happening here? well basically he did end up accusing himself like you talked about the details of the tailor case that he was overseeing. well, 3 defendants brought forward a refusal motion saying basically that he couldn't be impartial because his wife had $22000.00 or the stock. and the company, and even though he felt like it was, quote unquote, insane is how he put it to think that that could affect his bias. in this case, you recognize that there was an appearance of impartiality or potential impartiality. so you went ahead and refuse himself, but like you said, this is not unheard of in that particular realm that there is now calls of course for there to be more stringent oversight over simulations isn't doing the job for that to even have their attention to the to begin last, right? because when we see those big numbers from that report last year,

the claim is that these judges broken 1974 federal law by hearing these cases where they had some sort of financial interest. why isn't there more action to stop this? and is there a process ahead of a trial or, or ahead of giving somebody a case where you actually find this information out? well, essentially it's an in house process and the way it works right now there's federal guidelines that judges are beholden to. that say that if they have any financial interest that they should recuse themselves, no matter the size of the financial interests. one of the reasons that they should refuse themselves in a potential case. and oftentimes they may not necessarily know that they have an interest because they don't know what the case that's coming before them. but they're clerk, do their clerks as part of this process will review, have a list of the investments that these judges hold and that they compare it and review it before they assigned to a case. but there is some push back as well. that thing that yes, this is a great report from the wall street journal. however, it represents one percent of the cases that federal judges here overall. so it's

not a widespread problem. but at the problem, if you're a judge in a case, and it suddenly was, you actually did have bias and the decision, or if there was the appearance of bias, it's still a problem because it's the perception of bias. that is that issue. so you have a number of house democrats now that are calling for more stringent action. they want to bring back a law that they tried and failed to pass last year, that basically called for more oversight and more stringent guidelines. and some of these clerks' offices now are saying, oh, well, you know, we'll step up and we'll do a better job of taking a look at it. but why? again, why should it get to this point? if it is a matter of simple how keeping, then maybe they need something better and stronger than simple housekeeping rules that happen. right? absolutely, and i mean, maybe you look at it and you say $22000.00 and say, amazon isn't huge holdings. but considering the fact that if they were to rule against amazon in this case, that could hurt their stock and but we know how we talk about, dive on the shelf. it's about how the market reacts to an actual news event like that. so i mean, where to go from here that molly,

i mean i got about 30 seconds left. well, essentially i think you're going to see some more push back. you're going to see more judges that are going to step forward and perhaps be a little more vigilant on behalf of their own cases. because there are high prices to pay. if there is found to be that they deliberately had some bias and the decision. it certainly reversed the decision. i could force the case to go back to trial. a judge could even lose his license to practice law. so there's a number of levels that there's calls to action there. even wanting to take this for the supreme court and have justice is there follow codes of conduct to make sure that they are not biased? in a lot of these cases, i think it's going to be one of those situations for people, especially the process are going to have to stay on top of it because the processes that are already in place, they're too large an app that i really do much about it. absolutely. legal journalist, probably barrels. thank you so much for coming. the story for us. thanks. friend. it's. i'm not for a quick break, but when we come back, the world's largest trade deal is coming together in the asia pacific region. we'll

break it all down for you on the other side as we go to break here. the numbers with ah, for the russia, u. s. foxon geneva were highly anticipated, but expectations of a positive outcome were low, very low. russia's chief negotiator says americans under estimate the gravity of the situation, these are ominous words. what will be the cost of this failure? now we have e cigarettes, i just heard that it was a healthy alternative to cigarettes,

and do we trust tobacco companies with their message that these new products are actually going to reduce these sugars are making the tobacco up into the workforce? while our officers are facing an increasingly dangerous environment, we are seeing a growing debate about so called warrior cops, a term that i've heard in the militarization of believe this is an app vehicle we acquired through the 1033 program and very free program with the government program that funnels military property that is no longer use the local law enforcement with building an army over here. and i can't believe people aren't seeing those thing an agency dealt with tammy for me because it began a feeling that hey, you have to deal with your higher practice. who you putting in a uniform cover bands is a powerful thing, is from tab has like money in play tricks and people mind they think they've done the bad news, but what is out the door very bad?

john's work on the good news. you have job security because the world desperately needs that you advocate you're welcome back. it's the world's largest free trade agreement, but you likely haven't heard too much about it. the regional comprehensive economic partnership is a trade deal between the 10 members of the association of southeast asia, nations, along with astrology, a china, japan, new zealand, and south korea. so just how big is it beyond geography right there? well, it covers nearly a 3rd of the global population and its membership accounts for roughly 30 percent of the world's g. d. p. went into effect for some of the biggest players, including australia, china and japan. at the start of the year with south korea set to officially joined by the 1st of february, a handful of partners still need to ratify the agreement. however, one of the major benefits will be a reduction in tariffs to 0,

around 65 percent of good. with that percentage growing over. busy the lifespan of the deal. so joining us now to discuss this landmark deal is to rob group that he's a senior policy specialist at the institute for china, america studies throughout pleasure to have you on the show today. china started working to kind of wip up support for this dear deal nearly a decade ago, and many saw it as an attempt to se counter us influence in the region. do you see having that impact? yes, it will have that impact on willy nilly, simply because the u. s. dropped out off of t b b. and you correct this? the thinking kind are set are developed at the time that the u. s. had already begun had initiated negotiations towards the tb agreement, the trans pacific partnership. but what i would also say is that apart from china's of bush with regard to getting this agreement we forward aussie on was very much in

the world actually aussie on was the key driver. and interestingly, the australians actually provided a lot of intellectual input into how our sept should be framed out. so it was it really a region wide initiative. but it, i can understand how it's been seen in this day and age and even the 10 years back as a china was us on competition in asia. of course, we always want to make the dichotomy between the world through largest academy and the, the conflicts there. i, you know, you just mentioned that australia had put a lot of input into this, an em in the last year, year and a half or so australia and china have really faced some economic tensions of their own. does that play into our separate all, i mean obviously was already in the works before that. so they kind of women had with it. but does that cause any problems moving forward? not exactly doesn't cause problems moving forward. are said in particular, ah, but the nature of the china, australia, coral, is now fairly entrenched even in the economic area. in the economic area. there is

movement, obviously towards decoupling in terms of supply chains. it will have some impact on the, on, on our so not in terms of legal violations in our set. but the extent to which australia and china can be integrated together as economies. because china is trying to go out continuously and source from anywhere but to australia. and given that australia had a lot of raw materials and commodities, of course it has important services, exports to what it was prime, the raw material provider are china can to some extent exclude our set. i exclude australia from this dynamic, but fundamental with regard to our sam. no, i don't think it really matters that much. you know, one of the biggest economy than the region is missing, as india withdrew from the deal. and i, late 2019, early, 2020. what was behind that decision to opt out of our sep, in, is that a problem to not have them involved?

yes, it is a problem to not have them involved, but it is a bigger problem for india not to be involved. india is not really engaged in issue wide supply chains. this was an entry door to into and i wish the indians that take been a little more courageous in this regard in trying to adhere to these accept these commitments. the main problem has been that because india has not been within the supply tunes, it's manufacturing sector is not as competitive and with whoever, then goes and has the free trade agreements in the asian pacific region. it ends up running make trick deficits with them and manufactured goods particularly. and you know, is very scared like what china, they're the manufactured goods deficit, which is any of it is already very large. we'll just grow explanation, the larger and of all the minor considerations, you know, australian importing to india would disturb its farm sector and the sea level. so there has been so much progress and disturbance in the farm sector in india. and

that was also a secondary consideration when you opted out, but at the end of the day, i think it will hunting your long term wrong or rather than hurt, there are some countries which would have been good to have be a real issue wide trade liberalization. initiative with india, if the door closed for a data maybe for at some point join into this agreement. oh, absolutely. it is a living agreement and the singapore is upset very clearly be wishing. yes, you can come on board and we will keep up privilege. police funding yet, so it is for india to make that decision down the line. of course, we'll have to negotiate with each of our set entrees. but yes, the door is open, but i don't frankly see that happening right. any time soon given the trajectory of indian trade policy making, which is geared towards higher terrace and who are terms unfortunate. and there was talk, this is the 1st trade deal for japan, which actually includes both china and south korea. what is the significance there? i think it's a very significant, you know,

these 3 countries are tied so closely by supply chains and yet at the same time don't have any trade liberalization agreement among the 3, even though there. well sporadic attempts in that regard. and therefore, this will knock down whatever barriers that exist in manufactured goods, particularly among the 3 countries, and sharpen those supply chains. i will also make the point that one of the create benefits of our set is there are, some is a harmonization off asi on plus, one is. and so many of those rules of origin, you know, that i get the ball where all sorts of different rules of origin existed made it harder for important. an export us to take advantage of trade liberalization, are sup, actually does a win win. that spaghetti blow and makes it that much, it makes all parties, it makes it facilitates trade between all parties, by harmonizing the rooms for its origin. and i mean, what does the economic impact here and have about 30 seconds?

i mean, are we going to see a lot of the, especially the smaller nation, some of the smaller the i nation, are we going to see their g d p grow as they get part become part of us then? no question about it. absolutely. it benefits the big guys, my benefits, the small guys by integrating into these value chains and integrated into the grow and consumption trends in issue which is just exploding, growing, growing and not right now during the during coven. but which will over the next 5 interesting years, and i think that's a great fall, or everybody should throughout group to figure policy specialist at the institute for china, america studies. thank you so much a regular found for today, uncle rent. and finally, it's something that has been talked about in many groups of friends, the blue text of the i phone users versus the green tax of android users. now it seemed this was just a discussion, a mid fans of either side, but now the senior vice president of google products took the twitter to call out apple for locking and users to it's messaging service. i message in response to

a wall street journal piece on how young people favor apple due to their dread of the green text bubble. he tweeted, using peer pressure and bullying as a way to sell products is disingenuous for a company that has humanity and equity as a core part of its marketing. the standard exist today to fix that. now the official android account also re tweeted this comment and with the call to fix this, it's interesting to see what could be done to bring the 2 sides together. and that's it. for this time, you can catch boom bus on demand on the portable tv app available on smartphones and tablets. you google play in the apple app store by searching portable tv, portable tv can also be downloaded on samsung smart tv, then roku devices. or you could check it out at portable dot tv. what's the next time? mm. i i,

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i'm never out of style with a price fixing is the problem. if you want a free market, you've got to let the market be free. you can have half of the market free. and then half the market fixed. do you end up with the problem that we had today? while our officers are facing increasingly dangerous environments, we are seeing a growing debate about so called warrior cops. the term that i've heard in the militarization of believe this is an am lab vehicle we acquired through the 1033 program and very free program with the government program that follows military property beneville under youth to local law enforcement. with building an army over here and i can't believe people, i see the thing and agency all with me because it again

a feeling that hey, you have to deal with your higher practice who you putting in a uniform cover bands is a powerful thing and sometimes like money in play, trick people, my like bank for the bad nose was out the door. very bad. drugs are common. good news that you have job security because the world desperately need, but you have to get it emotions, medieval institutions. and then i go to like technology and the combination of these 3 very you could say, historically distinct seeks fixes with, in psycho physical makeup have rendered us pretty dangerous to ourselves, to the,

to the planet and a deadlines this i, russia, nighttime talks wrap up in brussels with the alliance chief saying dialogue was difficult, but necessary for them to come, cuddle your pets, and do star jumps. if you want to stay warm this winter, a major british energy company fails. the heat fritz advice while fuel costs rockets. i think i've completely lost the loss on that. i went out she paid for it to me for you know, our now because we're trying to get the cost down. you think what else i said today more top talent, quit the b, b c. this time a veteran presenter he's left after 46 is telling oxy could no longer accept the woke agenda that was affecting shut. they were very keen that we should have.