wants to sell it. what's important about this, and i think it's fairly significant, is it really comes down to the length of time we're talking about a, at least 2 and a half decades, maybe even 3 decades worth of oil, natural gas being supplied by russia to china. that's a very big deal, because obviously what we've seen take place over the last couple of years has been russia calling on countries around the world to enter into long term agreements for oil. many of these countries have not done that certainly not european countries. and so the fact that we're now seeing a vis scope and the size of a deal worth, as you guys said at the beginning here, well over a $100000000000.00 is pretty incredible for russia. and it also weakens the argument that's been made by the biden administration over the last few weeks and months, which is that europe should not by natural gas russia. because if you don't buy natural gas from russia, it will harm them. that has been the goal of these, not just sanctions, but attempts to try to offshore the natural gas supply for europe to cutter or to the united states itself. obviously, in this case, it's

a lifeline for russia in multiple ways. not that russia was hurting at this point. they're still sending a lot of natural gas to europe, but it certainly makes europe much less important for gas problem. and it definitely doesn't, in the cases where russia was looking for a long term buyer, it seems like china stopped us now. christie, we know that beijing has agreed to at least 25 years for this deal has been mentioned. it, it is this kind of agreement that russia has been trying to get from european countries. so why is this so important for china as well here? i mean, in significant maine, this deal would be settle in europe in line with efforts by the 2 states to diversify away from the u. s. di. so that will be a major market share. last for the u. s. r. now and for china, this will be very good thing as beijing said, it's 2060 carbon neutral gall. and china has also had a car coal shortage last year. so it's essential that it shows up fuel alternatives like national,

and this is expected to be competitive with the current liquefied natural gas that china is currently importing. so important where l n g are expected to drop off to 9 percent in 2022 from 17 percent previously. and this will affect australia and the us who are currently the main export as a china l n. j today. yeah, and i know that this is certainly one of those agreements that is a big deal for both russia and china now been at the same time. we know that when it comes to those tensions ukraine as a point of conversation for world leaders who insist that they can crack down on russia by sanctioning the north stream to pipeline. so how does this deal impact those strategies? well, i think it has a huge impact on it. you know, obviously this deal between russia and china has nothing to do with nord stream, nor stream to would not be used on any level. so it really puts us in a pretty tough spot, right, because you've been making the argument now to the rest of europe, specifically to germany. that if russia does not send a fuel through ukraine and,

and at the same time, pay those transit fees to ukraine. that it would ultimately be bad for ukraine. and so one way for europe and specifically, you know, nato countries really to punish russia if they don't, is to sanction, nor stream to, or to move away from that, that natural gas. here's what we're actually seeing. take place, so trying to get to long term agreement, which is good for china. as christy mentioned. and what we're seeing is that europe is in the same spot. they were in before short term spot market agreements for natural gas and oil, which means that their price remains much higher than it needs to be. the u. s. continues to make noise about the problems of russia. and right now we're seeing something that is incredibly significant in that russian. china aren't just making a deal on gas, there, issuing statements about nato saying, you guys need to back off cold war policies. you, i've mentioned this in the lead up here. this is also very significant because now you've got these 2 countries, essentially saying is what it sounds like to me. war with 1 may be war with both,

and so europe is not going to want to involve itself and that the us shouldn't want to involve in solving that it's, it's insane policies and everybody needs to back down a little bit and get back to some reasonable diplomatic conversation, instead of beating these war drums and kristi, i got about 45 seconds left here, but this agreement also impacts nato, as china and russia have released this joint statement condemning nato, and it's called war ideology. what does that mean during that time and talk of war with russia? well, they're making reference to history, hoping that the west learn from history and that a cold war will benefit no us because yes, there are different ideologies that play here. but why does that even matter? why isn't ideology different than the west of threats? it's literally the same mentality that we used to have over religion. most of the wars which in the past were over different religions and accusations of anything different, being a threat that must be aquash before a poison of people. and now today it seems like we're treating different ideologies

the same way. and it's very apparent from the attendance at the olympics now we're apparently new sources were very quick to point out that 12 of the 21 world leaders attending rule non democratic regime. so it shows that the cold war era mentality has already permeated into sports. and olympics to, which is a very dangerous view to take on and russia and china are urging the west to not fall back into another cycle where they're merrily reliving the mistakes of the past. absolutely, we'll continue to follow all of these stories. boom, bend swan and christie. i thank you. thank you. saying in the energy sector, oil prices continue to store with west texas intermediate surpassing $90.00 per barrel for the 1st time since 2014. that puts the us benchmark up over 20 percent so far. this year. efforts are gains of 50 percent in 2021 alone. it also signals that a $100.00 per barrel oil is right around the corner with international benchmark.

right? crude. over $93.00 on friday after i hit $90.00 mark earlier this week. but opec plus can, can you just say it's sticking to with current schedule is by months of pressure from the by ministration the cartels out on wednesday. we continue with the planned increase production by $400000.00 barrels per day and appears to be shrugging off concerns over ongoing geopolitical tensions all enjoying those profits as increased demand hits limited supply to joining us now discuss the latest david tall president approaching capital. david, it's great to have you on the show today. now we know that oil prices are officially a 7 year high here in the u. s. so what is fueling this latest rally and how fast you see that $100.00 mark approaching? i see the plug approaching really quickly, probably within the next 3 months. i think panic is already starting to go ahead and set in. i think we're going to hear some rhetoric certainly out of our ministrations regarding please again, maybe to opec. in addition,

talks about strategic reserves and car, the last ditch efforts to go ahead and keep the price of oil down. before we go on, let's go ahead and step back for a 2nd. who would have thought to years ago that the u. s. would be fighting a multi front energy crisis right now. 2 years ago we had record low prices, record low natural gas prices, and people were panic that there was not going to be a way to incentivize drill is to drill. and now we're talking about a natural gas war with china and russia, and we're talking about an oil war with opec. and david, the question now becomes because when we do hit that $100.00 per barrel oil, the question will be how high will prices be allowed to go? have we got any indication from opec or the biden administration of just how high they will let this get before they actually do something, whether that be opening more drilling?

i don't think the strategic while reserves are really the answer here or opec actually putting more supply under the market. triple digits is when the sirens start to go off. once we see a $100.00, that price alone is going to go ahead and, you know, put an all hands on deck out, alert to everybody. frankly, that is an oil consuming country. and the u. s. wants to become not an ex. net export or but now wants to become a net importer because we want to go ahead and redirect our resources towards renewable energy sources. right. and certainly those warning signs are now earliest they should be going off, given the fact that we keep getting higher and higher here. now it's been interesting to watch because the message that opec has been sending, the buying and ministration for months now has been. if you want more supply than pump yourself, but other than releasing strategic reserves, i mean, have we seen anything from biden to indicate that he will be turning the us

producers more in the munster. com or does it seem like he is going to just keep complaining about open he's definitely going to keep complaining about opec. i mean, production in the united states is supposed to go up in 20222023. so we should get more production out there. the question is, is whether that supply is going to be enough to go ahead and you know, satisfy the demand. in addition, we had earnings this week from all of the oil majors and they recorded incredible profits. exxon, chevron shell, all the conical phillips all been incredibly well. but what are they doing with their profitability? they are not putting into the ground. that is not what shareholders want. not from a policy perspective and not from a financial and economic perspective. they are going ahead buying back stock, paying out healthy dividends. they are not going ahead and putting it into the ground, and that becomes a bigger problem, right?

we will continue to have this conversation. i think yours, 3 to 5 from where we are right now. are going to become incredibly painful if you think it's crazy right now. talking about a 100 a barrel. i am scared to she's 3 to 5. go ahead and bring. yeah, you're not alone and that one will see how close we get to that. david. tell of for jane capital. thank you so much for your time and insight. thank you. the very global markets are trending up for the most part of the investment. look for insight from another week of earnings with a focus on tech in the last few days, while central bank action and continues to remain in focus. we start in russia where the mo, exits down for the week, 51 and a half percent on the news that deal between russia and china that we talked about earlier in the show. oil. busy producer ross and f was up more than 3 percent while gas problem. so gaines of over one percent geopolitical tensions with the west that

were enough to push the overall index down for the weak amid risk of further sanctions against russia. as energy prices continue to rise, investors are seeing huge upside for russian stocks in the future. moving to asian markets, the shanghai composite is flat, as it was close for the entirety of the week in observance of the lunar new year holiday. we will take a look at what impact the winter olympic games in beijing will have over the next few weeks. now over in hong kong, behind is up jumping nearly 3 and a quarter percent in its single day of trading on friday, as it was also close for the majority of the week for the lunar new year, holiday financial stocks popped with hsbc and standard chartered up nearly 5 percent after the bank of england raised rates again. technology and evie stocks also saw significant increases during friday's rally in japan. we have a green arrow for the nico gaining nearly 3 percent for the week, for the 1st positive week in more than a month in fact. and he lost more than 6 percent in january for it's worth months since march of 2020 strong sentiment elsewhere in the world helped to prop things

up in japan. but policy tightening by central bank throughout the world have investors concerned it might affect the bank of japan's future policy. and in india, the send faxes out by one and a quarter percent for the week, despite being up for the week for the selling of indian equities, its highest level since the last global financial crisis with 4 point $5000000000.00 in stock being sold in january is global market space, so different sell off. and as we've discussed this week, the government is projecting growth of as much as 8 percent and fiscal 2023. the government also unveiled its budget for the year with an emphasis on infrastructure projects to push growth in australia. the assets is up by 2 percent for the week. the index was able to weather the storm as equities elsewhere have been volatile and made earning season. the reserve bank of australia on friday said it sees cor inflation hitting 3.25 percent in the 2nd quarter of this year, while unemployment will fall to 5 decade low. it's now with all of those projections,

the central bank said it is important to remain patient when it comes to tightening its policy. and in south africa, we have a green arrow for the all share is local economies continue to improve, invest your sentiment in south africa is improving as well. weekly gains were limited as the mining index lost more than one percent on thursdays we, commodity prices and central bank actually took a flight told there now let's go over to rachel with more from europe and the america thing frank. here we start in the u. k. where the city is up, the next was carried by gaines and mining energy and bank stocks. now this comes as a bank of england voted to raise interest rates and back to back sessions for the 1st time since 2004, becoming the 1st major central bank to do so. since the start of the pandemic nearby, the french cack and german dax are both in the read this week. new data from the 4th quarter of last year is giving insight into the slow down in europe. the industrial sector, putting its recovery behind both the u. s. and china, now there's all comes as inflation him all time high in the you coming in at a record 5 point one percent in january. however,

the european central bank says it is not moving to raise interest rates just yet across the atlantic. now to brazil were the iep of us, but is down. the latest predictions are bringing about concerns that the nations ongoing recession could get even worse this year as a by change shortages and severe weather continue to impact output from. so we've been crops to iron or production numbers, the central bank confirmed its 3rd straight interest rate hike of a $150.00 basis points this week, while also signaling this could be the last one for a while as rates are past 10 percent, while inflation remains in the double digit, and over in mexico that b m, v is in the green. this, despite the news that the country became the 2nd, a latin american economy to fall into a recession in the 2nd half of 2021. now, in addition to supply chain shortages and energy prices, mexico is also battling inflation at 20 your highs. this, as the government says, it is planning a multi $1000000000.00 infrastructure package with private companies that will

attract more investment from the us. and here in the us, the tao, the nasdaq and the s n p are all up for the week. the labor department reported on friday that job growth was much more than expected with non foreign payrolls hitting $467000.00 in january. significantly more than the $150000.00 that were predicted the labor force participation rate also surpass 62 percent marking its highest level since march of 2020. now it's all green about concern from investors at the fed will continue to pursue the plan of multiple rate hikes this year. and finally, over in canada, the p. s. x is in the green, nearly 2 and a half percent for the week. the bank of canada has resisted those interest rate hikes so far, despite inflation hitting 30 year high. however, the latest report shows canada actually lost $200000.00 jobs last month, raising new concerns about the state of the nation's recovery. now moving into next

week, we will continue to keep an eye on the state of inflation around the world for a quick break, but when we come back, alcohol sales have been roaring over the past decade. it's ashley. during the pandemic, just on the other side, we discussed the boom with someone in the industry as we go to break the numbers. suppose the ah, so what we've got to do is identify the threats that we have. it's crazy, even foundation, let it be an arms race is on offense. very dramatic development. only personally and getting to resist. i don't see how that strategy will be successfully, very difficult time. time to sit down and talk it's an open secret that private military companies have been playing

a role in arm conflicts. world wide. u. s. government doesn't track the number of contractors it uses in places iraq or afghanistan, united states army and the military and general is so reliance on a private sector. i would call that dependency, but we don't know who's the on the ground presence of these companies overseas. we just don't out west and private military companies can in their turn, views, so cool subcontractors from countries with trouble pass. the chances are quite good that they had also been charles soldiers. i says i was a child, as well as my job professional joe. if he's with the whole $141.00, if i said that that with no flaw, minimum own, if you want the choice to be merciless killing machines and now they fight and die

in other people's was people carol, lot one and a dead soldier or dead. marine shows up in this country and then we start asking yourself, why did they die? why do what were they fighting for? nobody bothers down to about that contractors in ah welcome back. as we continue to take a look at how different industries are recovering from the coven, 19 pandemic. we thought we would take a look into how the alcohol cells have failed over the last year. now a sales of spirits in the us rose by 12 percent in 2021 to a total of $35800000000.00 raising for the 12 straight year. according to data from

the distilled spirits council of the west. a chalk this up to some bars and restaurants, reopening consumers buying premiums spirits for at home consumption and the growing premium to q a market. now wind sales remained stable according to the silicon valley bank, wind division. as for the other portion of the industry, beer sales for the 52 weeks up to the november 1220th of last year, they fell by 3.6 percent. according to nielsen i. q. interestingly, the distilled spirits councils data also showed sales of pre mixed cocktails, jump 42.3 percent to over $1500000000.00 with analyst believing this 8 into beer sales, which have been falling off for the last several years. due to an increase in consumers buying hard seltzer, which saw 35 percent growth in 2021. so let's go ahead and get some insight from the industry with chris moran. he's the founder and ceo of ghost tequila. thanks so much for joining us. chris. really appreciate this. now, i know before you ran your own company, you were a bar tender,

so you can kind of lend some insight into the industry as a whole here, even though we've seen growth, how much have bars and restaurants operating at a limited capacity affected alcohol sales shell if you go back to march of 2020, i think brands like mine and many others who are really right off the bat because the bars and restaurants all close down. and i think that over time that lot of them come back and really this year you're seeing the bars and restaurants, even that limited capacity pump out numbers better than 2019. so i think consumers are excited to get back in the bars and restaurants and you know, we're drinking more than ever, which obviously is great for us. and certainly when you take something away for a certain period of time and then you bring it back, people are more excited than ever to get back to it. now, as for the beer industry here, why do you think that we're seeing a downturn, as it seems like craft worries are still popping up all over the place and there is more choice than ever before. i mean,

is this push toward ready to drink cocktails and hard salters, really eating into the industry here? but i was sure there definitely taking a piece of this i think you've seen over the last couple of years with you know, especially with coven and the, the shut down bars and restaurants. people looking for that same experience at home and have played a big part of that, but also just this huge surge in the cocktail themselves. i think that over the last 13 years talked years have been come so prevalent and when things shut down, people are looking to do that same experience at home. and so inovation in the spirit category with brands like dose, you know, are goes 100 percent of got a killer, but it's also spicy. and i think that's a hot trend in bars and restaurants are grow, is attributed to that trend going on at home as well. it's become easier to make great cocktails at home. and i think, you know, as people are also worried about health and better for you, we're starting to turn away from those heavy beers and go to spirit based cost cocktails. and that was what i was going to get to that because one of the things

that was mentioned with the uptake and spirit sales was the interest actually in premium and kraft tequila, which i actually didn't know there was much of a market for. and then we re, company, we now down here we are today, but we know that your expertise, so why is this area of business having such a moment? right now, when you know, for several years there have been a lot of to keel is on the market. sure why, in my opinion, i think anything you can make with any other spirit tastes better with the keel. but again, you know, not everybody agrees with me. but i think that the, especially in the us, there's a, there's a large mexican culture tacos have been, become a thing and, and to keep it please hand in hand with that. i think, you know, you're starting to see, you know, twain johnson and george clooney and now even the car dash and come out with brands . i think they're kind of making this category go mainstream. and with mainstream comes a lot of brand innovation. smaller brands like ourselves that are really, really able to grow with this boom. well, absolutely. well, chris miranda,

we really appreciate you kind of went in some insight into this sector with us. founder and ceo of goes to kayla will talk to you again about all of this. awesome, take your test. and finally, if you see something on twitter that you don't like, well, you may now have the option to download it as a company makes its newest feature available around the world. now twitter, so that is using the new tool as a way to promote the most relevant replies within tweets. but it's also raising concerns that it could be used in cases of target harassment or to bury dissenting opinions on the platform. now the concept is actually nothing new sites like read it already have a system of up both and down both on every post. however, while read it shows the number of votes. twitter is expected to follow the path of youtube in which it makes the down bow or dislike button available, but it doesn't tell you how many people have clicked on it. and while facebook users were once petitioning for a dislike button, it doesn't seem like twitter use or too wild about the new feature, nor was it

a popular request. now this is one of those things. i'm not too sure how it's going to roll out, but i can't say that i'm a fan of it. i mean, we've already got replies like everything you need, why they haven't down, but i don't know. but if i'm going to have to see more and more people in the comments go and ratio, it's not going to be good again while they were there. and that's it for this time you can catch boom on demand on the portable tv app available on smartphones and tablets. google play in the apple app store by searching portable tv, portable tv. you can also download it on samsung smart tv and roku devices, or somebody check it out at portable dot tv. well see you, next time i mediterranean is the world's moved over fish. see unsustainable exploitation of its fish dogs, which maureen biodiversity under great thread medicine is the lesson the getting a quote on sure your sinuses. he cut our system. i'm not going to pull the cookie

careful with tech and want to put our lives despite the eas promises to end over fishing by 2020. the situation is changing too slow. well, i'm very disappointed with the position that they basically not in public interests. they also do know in the mid interest of the fishes, the only term interest of the fishery robbie on the face shone the only ones in danger. the fisherman also at risk of losing or picking them up someone before they get to them about that. i'm with the bubble when i get them with liberty, i'm viewership with algorithm. so neural networks have been following us everywhere. we look online

because our relationships are what matters most us. that's how we find meaning. and how we make sense of our place in the silicon valley see, don't mention in that slick presentations. however, the ghost workers who train the self, where humans are involved in every step of the process when you're using anything online. but we're sold, as is miracle of automation behind your screen. it's a valuable workforce that feeds algorithms for next to nothing. on a very good day, i think your 5 dollars now a really bad day. i could do $0.10 now. these workers reusable by design. it's about labor costs, but it's also about creating layers of western responsibility between those who solicit this kind of work and need it. and those who do it with

a, a, a, [000:00:00;00] a, [000:00:00;00] a this is all smart city is a city that's using technology to make people's life easier to have beer,

collecting a lot of data to try to improve the way things are. in theory, these big organizations that are amalgamating and pulling all their data together, they're not looking at you as an individual necessarily people's data being collected or so much data that there's a real possibility of privacy violation. and that's something most of us wouldn't want. no for the world's transparency, but we must live with permanent surveillance. ah, in october 1962 in a period known as the cuban missile crisis, the united states. and then the soviet union were on the brink of war fast for to february 2022. and the americans and russians find themselves in

a similarly perilous situation. this time on the russian ukrainian border will diplomacy as in 1962 be enough to prevent war in 2022. your challenge with rob gashodi shakeelah? hi sharon, my name is rich riled with a latoya the summer moody move. she them holds general and kelly, recruiting court and i renewed my financial issue with long didn't get to annoy madam, for she gave buffy managed to how much he,

i could ceremony that not only not happen with a truck is in canada, protesting mandatory vaccines are banned from the gofundme site to raising millions is the fund accuses and of inciting violence. we speak to one of the freedom convoys leaders. he says, the media is miss detroit. the fake news bbc is telling us, well he's violet truckers. nobody is supporting up. yeah. why don't you see see, come down to the soup kitchen? i try to feed some homeless people or help us clean the war memorial. right? you got a government says that it wasn't say, sorry after a report reveals that squandered almost 9000000000 pounds on useless and over