judgment come with, we can do better, we should be better. every one is contributing each in their own way, but we also know that this crisis will not go on forever. the challenge is great, the response has been massive. so many good people are helping us. it makes us feel very proud that we're in it together. oh, the by doing ministration is under water in just about every way. is this due to bad policies or bad messaging? maybe it's vote. there's also an important question. yes, presidents come and go, but elite and special interests remain very powerful. are they a threat to democracy? ah,

this is boom, bought the one business show you care to coordinate the bridge of war. and i'm rachel blevins in washington coming up telecom giant. a tv and verizon are now saying they would delay their 5. do you roll out around certain airports after nearly every major airlines with their concerns over the impact of the new technology will disgust plus the largest acquisition ever and the video gaming industry will tell you all about that? $68000000000.00 deal between microsoft and acquisition. blizzard and what it means for both company and oil prices are sitting at their highest level. 2014 is roaring demand in fact, and critical bulk think they're putting pressure on output while supply chain back up continue to use. the auto industry has price and store. there's a lot to get to look go and we leave the program with the ongoing fight over the

future of 5 d technology between top telecom giants and major airlines in the united states. the white house is now getting involved with a senior official tele reuters. it is working with all sides to find quote, a solution that maximizes 5 g deployment, while protecting air safety and minimizing disruptions, the passenger travel cargo operations and our economic recovery. now this comes as deos and nearly every major us airline are calling. i'm president biden, to immediately act to prevent the 5. do you roll out set to take place across the country, the theos from alaska airlines, american delta, fedex jet blue, southwest united and others wrote that immediate action to address 5. g. interference with the national aviation system was needed. their letter reads, in part, we're riding with urgency to request that 5 g be implemented everywhere in the country except within the approximate 2 miles of airport runways. that affected airports as defined by the f k on january 19th, 2022. now in response,

a tv and verizon on tuesday, and i'll say will delay deployment of 5 g service towers around certain airport. so joining us now to discuss all the latest investigative journalists, been swan, and captain dennis teacher communications committee, chairman of the allied pilots association ban. let's start with you here. and i know we talked about this issue about 2 weeks ago when the initial 5 do roll out was plan but delayed. so why are the c o saying that wednesdays deployment of 5 g technology would be so detrimental? yeah, i think what we're really seeing here guys, especially in the rhetoric, has gone back and forth of the last 24 hours is really a lot of bureaucratic mess here, right? you have a t and t and you've horizon who were saying, hey, we'll hold off on some of this. they've already held off a month. and then another 2 weeks did. but you have the airlines pilot companies accusing than c, e o. 's that are coming out and saying, hey listen, if this is allowed to continue and if 5 g is deployed within those 2 miles,

it's not the airlines i may have this wrong. and my understanding is the airlines aren't voluntarily saying we're not going to take off, they're saying the f a, a won't allow us to take off in certain areas. and as a result of that, i'll give you an example. united airline says if this happens, there would be about $15000.00 flights that were effected at $1250000.00 passengers . who could be affected by this or what they're saying. as the ceo of these companies is listening, the epa is not making clear what we can and cannot do because of 5 g technology. and the, the 5 g companies, the telecommunications companies, rise in an 80 and t are saying, listen, why can't the f a figure out how to do this, other countries figured out how to do this. and they have already put into place a contingency plan around certain airports. and so there seems to be not so much a conflict between the telecommunications companies and the airlines so much as there is among the bureaucratic system in washington dc. absolutely, and there's a lot of money at stake for both sides, obviously on top of safety as well. captain tater. what specifically,

is this technical issue here? why does the f a believe there 5, you will impact commercial airliners and our pilots concerned about this? but it brings up great points in one of these is narrowing it down is a fight between the fcc and f, a in a battle of acronyms. actually the essays got this right. the system, no matter how you argue they should have been at this longer, you know, months ago that the commercial anger, i guess by the cellphone companies. but the bottom line is, this bombards the air craft close to the ground and it gets through to the radio altimeter, which feeds information to 17 flight control systems engine and ice auto throttles. so it has a significant impact on the aircraft when it's bombarded by this 5 g signal. if it's not properly tested, we find out where the exposure is. and so the f a actually put out a circular and said that pilots may not capture these anomalies. quick enough to

maintain a safe flight and landing, maintain safelite landing. so this became a big safety issue, not just reliability about getting into low weather airports. so what we have now is at least some safe space that the cell phone companies have agreed to. and it sounds like president biden to, you know, stepped up and became the captain and, and got this, this interim deal done. we're still reviewing it, but they're not going to deploy it to many of the airports. they gave us the greatest concern and, and that's good news for a passenger not only for their safety, but for the airline industry liability. now, captain tater, whenever it comes to this battle, we know that this is sort of been ongoing for a while now, but it hasn't really lied to a lot of talk is, is a battle that you see really continuing in the months to come, especially as those big telecom companies try to roll out that new technology. no,

there won't be a battle if they join together with us in getting it done safely. we respect and understand our commercial interest. i'd be upset to if i spent an aggregate of $80000000000.00 to buy something and then i couldn't deploy, but some of their angst at the day they might really look closer and find out why didn't you deploy a team to ensure that this was going to roll out smoothly, i'm not here to defend the f a, but i am here to give them accolades for noting the safety risk that was coming to us. and it was another mention of it being deployed to other countries. it wasn't deployed this way. the frequency is much less powerful the, the power of it was degraded. the incentives were pointed down to your craft was protected much further out. i'm using france as an example. so they're trying to make it apples to apples. it's apples to rocks of but the good news is today. we have some time now we'll get this done. right? yeah. certainly a lot of money at the daycare and we'll continue to follow this one boom bust benson and captain dennis teacher of the allied pilots association. thank you both for your insight. thank you. and it's the largest acquisition

ever for the video game industry as x box maker, microsoft has agreed to purchase publisher, activision blizzard, known for blockbuster games, like world of warcraft, and the call of duty franchise. with a $68700000000.00 price tag is the largest acquisition ever made for microsoft, the world's 2nd most valuable company. now activision blizzard has faced allegations of sexual harassment and discrimination within the company, which resulted in a lawsuit filed in july by california department of fair employment and housing prompting many partners to pull back from the embattled company. microsoft will pay $95.00 per share for the company considerably above friday's closing price of just over $65.00, but within the range of the pre lawsuit price. so as for the benefit benefit to the consul giant, it's likely that it will ad activation. blizzard games to it subscription service game pass, which allows you to play over $100.00 titled, and it's library on console and p. c. and in recent years,

microsoft has been gobbling up some of the biggest names in the industry to bolster their catalogue in 2020. it bought venom ex media for $8100000000.00. and i p like the elder scrolls in dumas series is and in 2014, it acquired micro or minecraft maker, mo yang, for $2500000000.00. a deal is also seen as a push for the companies to move into the met ever. so joining us now discuss is dan, i is a managing director and equity research at wed bush securities, dana, pleasure to have you on the show. now obviously we laid out some of the motivation behind all this for both companies for that matter. but what is microsoft hoping to accomplish with this, the biggest ever acquisition from microsoft mini enterprise visit the cloud strategy. that's been the home run success over the last decade under the dela. and it's part of why the stock is where it is. 2.3 trillion, but the consumer strategy has been on a treadmill approach and they needed to do an aggressive acquisition. you could

activation, i mean, that checks every box. stock jobs have been under a lot of pressure given the ceo issues. and for microsoft, i in our opinion, right, move it the right time for a company that, that by the end this year without doing a deal would have been about $140000000000.00 of cash. now you mentioned the timing of all of this was this case where activision essentially was in a position where they needed to sell due to the allegations and the lawsuit and the fact that some companies were reluctant to work with them and did microsoft suite. and that deal by paying a premium for the company. yeah, it's a great question. activision clearly had their back against the wall, noting the necessarily needed to sell. but, but clearly the stock was under a lot of pressure. and from a microsoft perspective, i mean, once they sort of corded activision paying that price, i think the $1.00 thing after memory, this is down significantly from tricky to we cause. so i think microsoft ultimately got one called a steel, but something that is going to be

a creative to earnings. and if you look at content right now and gaming and step back, it's an arm series going on and content screening, especially on the matter verse. activision had a unique assa, you could call duty notes franchises, and they tried thing for red men. it was time to hit the bid and go out this deal. well, absolutely, and i don't think there was any situation in which microsoft would've been able to get activation at $95.00 a year a year ago. that would have been a ludicrous offer. so, i mean, yeah, maybe they didn't pay the highest premium, but it does seem like a deal for sure. now you're stuck on something there at the end because we keep hearing how this is going to make an impact when it comes to the meta verse. and every time we see some sort of move by a major company and a block chain or tack, it's shocked up to a metaphor play. it is legitimate or has metaphors just because to become the buttons word that lets you know, hey, we're looking towards the future. yeah, i mean look, i think you got separated. the ultimate reason they did, the acquisition is for gaming, for screaming in the carpet. and that's something microsoft has mentioned about

matter verse. i think microsoft also recognized that they can really go on the offensive in terms of getting a met adverse play. and the 1st model is going to be on gaming. and that's why the activision was such a strong asset. now you look at apple, you look at amazon, google, facebook, they can't really go after big game and a given the anti trust environment. i mean microsoft by nuance, now they be this acquisition. so i think for adela recognize it was a window of opportunity not just for the gaming piece book for the matter verse. now whenever it comes to, you know, sort of adopting the multiverse. i know whenever facebook and else that they were changing their company name to matter, we all kind of laughed at it. but do you see it is something that is really going to catch on and something that everyone is going to continue to want to be a part of? what i think there's a mind is ation opportunity in the matter verse over the next 5 to 7 years at a 1st. it's probably gaming in terms of where we'll see that play out. but i think

for facebook, i mean that's something where the monetization continues. these social media and digital advertising as being met adverse over the next code, 5710 years. it's going to be a trend. i think it's real, but it still needs to prove out to see will call where the winners are and where the loses are in this, but big tack. clearly talking with their wallets. absolutely, and i think one of the big things here when it comes to matter versus we need to see kind of the real proof of concept with the ideas. we see a lot of talk about it, but we gotta see that proof of concept, dan ais, managing director of web security. we'll have you back there. thank you so much. and time now for a quick breaks will only come back. oil prices are a 7 year highs, while car prices are rising in the supply chain constraint for dig into these 2 very important stories next. and as we go to break, here are the numbers that the quote. mm

hm. all those driven by dreamers shaped banks for some of those with fish in with there's sinks, we dare to ask for when it turns out the fake aspects to the c p i number the actual inflation number is exactly what we said. months ago. it's 15 percent. people's purchasing power is degrading. 15 percent wages might be up 3 or 4 percent,

but our prices up now 15 percent. so net. net people are losing out really losing out. and it's a problem that is intractable because the central bank has a problem that they can rectify. they can't if they were going to raise right, stacy to rectify this problem. they would have done so already. the reason they're not doing that was because they are simply can't raise right there is a cure for this. this is now at the beginning of a hyper inflationary collapse. the so called enhanced interrogation techniques used by us officials were basically designed as techniques to break down the human mind. if you force a human being to stay in a certain position doesn't take very long to the pain involved to become absolutely excruciating, but nobody's lean finger on you. you are doing it to yourself. we started adopting

those techniques when i was stationed in mosul. among them were stress, position, sleep deprivation, and use the hypothermia. there's already beginning to be evidence that these old techniques are now being used on immigrants and children, whatever you do in war comes home. nobody has been held accountable for the torture that happened in the past and the moral authority, the made america awarded or sacrifice. but the shimmer of effective interrogation the welcome back. the recovery continues sending oil prices to 7 year highs on tuesday while west texas intermediate close in on $85.00 per barrel. the international benchmark brent crude was over $87.00 per barrel raising questions about whether

that $100.00 per barrel or dollar threshold could be right around the corner. now, while the last month has been filled with concerns over the impact of the crown, very demand has continued to come roaring back as opec plus continues to stand firm on its plan to return production to prepare that mac level. however, the current raleigh is also being fueled by concern over international tensions. 3 people were killed and 3 oil tankers were destroyed in the u. e. on monday was saudi arabia immediately placing the blame on who the rebels and yemen, as fighting between the 2 sides intensified. at the same time, the u. s. is increased warnings that russia is planning to invade ukraine. and while moscow has repeatedly denied those claims, it has led to speculation over how the conflict between the 2 countries will impact energy prices worldwide. so joining us now to discuss the latest is june best co host christy i. now, christy, while the state of demand has had a major impact on oil prices over the last 2 years, how are we seeing concerns over supplies once again, playing

a role and sending oil prices to their highest points in october of 2014 well as well. and balance has been applied side story for the entire year of 2021. and it will likely continue to be the case in 2022. so oil prices rallied 50 percent last year. and as will recover from coven supply is now struggling to keep up. so there's a lack of production capacity and also limited investment in the sector. that is really constraining the supply side. and the main reason that was likely to remain high is that opec now, once again has become the main decision maker on oil, isis, and they want higher oil. the u. s. was previously the wild card and oil production because producers, they could simply draw more when prices were high. but now that is no longer the case anymore. so us applies are unlikely to return to their previous highs. that lead opec basically free reign to decide the price of oil. and now today that's further concerned about supply and specifically supply disruption,

the current damage, and the attack on monday to the u. a. e. oil facilities. and i would say is not significant and of itself, but it does raise the question of what happens if there are more supply disruption in the region in 2022 and they attack, raise the geopolitical risk in the region, adding to the geopolitical price. premiums are already there as a result of the rising tensions between ukraine and russia. and in addition to calling on opec plus to actually increase supply, the byte administration is in the process of releasing up to $50000000.00 barrels of oil from the united states strategic petroleum reserve. that expected to have any impact at least here, especially given everything else that, that play some impact. but the strategic reserve at least was an attempt by, by them to try to bring down the cost of oil for the american people. so it was essentially coordinated release between the u. s. india, japan, korea and the u. k. and it was the 1st such move of its kind. so all of the $50000000.00 barrels, $32000000.00 will be an exchange over the next several months or $800000000.00 barrels will be an acceleration of

a previously authorized sale. and this event is significant as if that official emergence of this anti opec group of top oil consuming countries, taking the supply side dynamics into their own hands. and this comes after months of talk with opec only to have them decide to maintain its previous production schedule and not accelerate pumping. so now these countries are trying to flood the market with millions of where the oil in order to create an artificial looseness and the oil markets and drive down oil prices. and while it's a very good effort, it's only a temporary band aid and or help bridge. the production shortfall americans are facing this winter. it's not something that the u. s. and their partner countries can sustain long term because it's a valiant effort. it's not really going to work to the effect by the wants because the strategic petroleum reserve. it's not there to try to manipulate the price, is only there to offset short term unexpected supply disruption. so i don't see, we'll see a huge impact from this effort is certainly a lot of politics at play here, but we've got about

a minute left. i know there has been a lot of speculation that we could see oil hitting $100.00 per barrel in the near future. as we are we likely to see that in 2022. could that become a reality? is very likely. it will be a reality to see a $100.00 oil, if this imbalance is not correct. so the us, they should really consider bring american producers back to the table and asking them to ramp up the output in order to offset the supply and balance rather than just worrying about sticking to the screen agenda, which is once again, a purely political platform. it's not like the u. s. lacks the infrastructure or know how to produce its own oil. but the industry they've recently gone, pummeled and punished for using extensive leverage over the last couple of years that now all the producers are, they are very hesitant to ramp up. and instead they're doing so very slowly to not over expand again. for example, pioneer. they're only planning to grow from 0 to 5 percent this year, even with the $100.00 oil in its future. but in any case,

this will be terrible for the global recovery. as high oil prices will keep inflation high as well. touches basically everything in the supply chain from production to delivery. certainly a lot of moving parts there. boom us, christy, i thank you for your insight gift. and as we have been talking about us inflation at nearly 40 your highs, one area that is seen prices make a major leap is the auto industry. the average price of a new car rose to just over $47000.00 in december of 2021. so just how about is that we'll consider that the increase for new car has been 2019, was $1800.00, around $3300.00 in 2020. and then a staggering 6200 dollars last year. now rising demand coupled with limited supply due to the pandemic related precautions and the ongoing chip storage have had a major impact on prices. supply issues are also putting pressure on used car prices, which jumped more than 35 percent last year. so let's go ahead and take

a look at what's going on here with brian moody. he's a motive editor with auto trader. pleasure to have you back on the show, brian. i want to start with the new price, new car prices. that is to say here, that jump a price of more than $6000.00 seems incredible. how was actually demand keeping up with those massive price increases? you know, the funny thing is demand is quite strong. so what happens when demand drops? the prices may come down, but there is no sign of net right now. people are expecting to pay over sticker price and they are paying over sticker price. just as an example, just think of this for a 2nd. the average price paid for a luxury car is around $65000.00. now that's a lot of money. so people have an appetite for these. the demand is still there, but you're right. the prices are going up and they probably aren't going to come down in the near future, but eventually i think they will. wow. and also may be interesting to see now what about use vehicles here?

i mean with no and insight to the chip shortage. that is slowing production of new cars. are you expecting new car prices to stay high? they will for the time being used, car prices will start to soften a little bit in the spring. and then as we get closer to the fall. busy of 2022. you can see a little bit more of a normal pattern kicking in and all that has to do with a couple of things demand. but also new car shortages drive people to look for used cars. in fact, we know that certified pre owned sales are very high right now too. so people are looking for a way to solve the problem, which is i want a new car, not finding it. what else can i do? yeah, that's a good question. now. we've talked about the us, but at the same time, european car sells fall by 22 percent in december and we're down one and a half percent for the entire year. so what's behind this plunge, and is it something we might see here as prices continue to rise? it could be what's behind this in europe are several things. of course,

the microchip shortage problems at the port increase sicknesses from people to chain issues. all of these things comp pound to make, whether it's available. so when there are left cars available, of course to be fewer cars purchased. one interesting note though is that those fewer car sales aren't always translating into lower profits. because more and more people are buying luxury vehicles or they're paying more for the cars that are say, the most profitable. and so in a way, automakers are making fewer cars. but in some cases, they're making more money because they're focusing their efforts on the more profitable models. absolutely. that's something we have inside here as dealers were able to kind of bring those prices up and make good profit, despite not having the inventory on their lots. i want to hit one more thing and have about 30 seconds for that. more than 20 percent of new cars sold in europe in britain in december. we're electric actually outpacing diesel vehicles. old. how important is that as either starting to make up a good portion of monthly sales in

a nation like that? and is that something we might see here? we might see it here. but remember in europe, those are regulatory types, concerns they're, they're pushing these things with some legislative, they did this with diesel, they tax gasoline at a higher rate than diesel. and that wasn't the right thing to do. they're doing something similar, i think in the us. what we might see is day by 2030. we see electric cars making up roughly 30 percent or a 3rd of the market altogether because right now they're less than us than what 4 percent if you include plug in hybrids and electric vehicles. so it's coming. but maybe not quite as fast as you would see in europe. methods are things that, that 4 percent because we hear so much about where 80 percent of the news is about e v. that they only make about 4 percent the market by moody of auto trader. thank you so much. thank you. and finally, the largest diamond to ever be put up for auction will be on sale. it's other bees in due by next month,

the mammoth diamond has been nicknamed the enigma. and it comes in at a whopping $555.00, karen. and if that's not enough of the number 5, it also has 55. bassett. the enigma made a name for itself in the guinness book of world records back in 2006 when it was declared, the largest cut diamond in the world. now in addition to being an incredibly rare blocked i'm and it is also the 1st theories that it may have originated from outer space given its carbon isotope and high hydrogen content. the out of this world diamond is expected to fetch at least $6800000.00. and if you just happen to have that kind of money to spend, your options for payment also include bitcoin a theorem and u. s. b c, all of which. so the re says it will accept at next month. auction certainly be interesting to see what they get from. i mean that it sounds like a math and i'm only $7000000.00 for something that possibly came from space. that's ridiculous to me. and that's it for the time you can catch boom by the on demand on

the portable tv app available on smartphones, tablets you google play in the apple app store by searching portable tv fordable tv . you can also download it on samsung smart tv roku devices or simply check it out at portable dot tv. we'll see you next time. me ah, the by the ministration is under water in just about every way, due to bad policies or bad messaging. maybe it's the vote. there's also an important question. yes, president, come and go. but you leave in special interests, remain very powerful. are they a threat to democracy? the yes, this now we're in fact will i, lisa typical. there is only 9, but already getting diversity students

a new modest appointment. let's see. yep. you got the last. there's doors to deal with a little only thing that i think with now bush 19 and i will you're special, but i will the yeah my but i did say the 1st way and of course to get what certified like was together. so she was, and you mentioned this, i'm dealing with with this teacher with

a, [000:00:00;00] with an international human rights group sounds the alarm over italy's new clamp down against the unvaccinated thing. such measures amounts to discrimination more than 50 percent of the democratic party voters in the us would support a government policy to require unvaccinated americans to remain confined to their homes are get. think such a mandate. would you create inequality while not stopping the virus from spreading? we are witnessing the main job action of discrimination that people are divided into clusters. think it's right for any quality is people standing in line in the u