as the president of france travel through russia will break down the latest talked and what they could mean for geo political tension was washington fight against chinese telecom giants continues, but it's going. 7 to cost a lot more than the $2000000000.00. the sbc originally budgeted full breakdown the latest number with the tech 3 here are global correction. fears in the sector warranted? well, later on, we discussed the industries rebound after met of historic law. got a lot to get to go. and we leave the program with a series of meetings between world leaders, attention continues surrounding ukraine and the impact a military conflict could have across europe. monday's talks began in moscow were french president, manuel micron met with russian president vladimir putin. mccracken said his goal was to de escalate tensions along the border between russia and ukraine and to work towards a solution that helps to avoid war. the visit is part of an ongoing effort by nato

members, france, germany, and turkey aimed at facilitating talks while russia has proposed security agreement to nato. the u. s. was quick to shut it down and to criticize the requirement that guarantees ukraine will not join the alive who and thanks, mate crohn for his efforts to solve the 1st piece of this complex situation. and that wasn't the only meaning while microns visit to moscow was seen as a way for him to fill the void left by chancellor, uncle and merkle. it was the new german chancellor who made his way to washington. all off shoals arrived at the white house to meet with president joe biden, for the 1st time on monday. shoals has been in office for 2 months now, and already he has been criticized for being almost invisible, especially when it comes to maintaining the presence of the youth largest economy on the international stage. while he has delivered the talking points, his western allies want to hear in terms of vague threats against russia. he has also been criticized for the fact that germany responded to the conflict in ukraine with the promise of 5000 combat homeless support. now on that shall says he is

following german law and the helmets were requested by ukraine. all this comes as he promises the us that they have germany is full support with intensity together and this is not for doing the steps that we have to do, for instance, fighting with americans, ukraine. so it's an important thing to very, very however, there is a nother juggling act that the new chancellor has been trying to keep up with. and that's the ne room to pipeline. he has managed to buy himself some time as the certification is updated to comply with european laws. but in the mean time, the biden administration continues to voice its opposition to the pipeline, demanding the promise from germany, that if there is an invasion, it will cut off the $11000000000.00 project altogether. yet, while the u. s tries, you exert the kind of control it claims russia wants to have over germany. it

doesn't change the fact that the completed pipeline would provide much needed relief for the people of germany who have already spent months battling soaring energy crop cost. so how will the latest meetings impact the ongoing tensions was joining us now to discuss with her husband swan and professor richard wolf, host of the economic update. then let's start with you here. now we have germany's new chancellor. he's facing criticism for staying silent at such a crucial time. so why do you think he is stepping up now? and is he trying to hard to keep everyone happy instead of really standing up for the interest of his own country? well, the difficult thing is that by trying to keep everyone happy, that's what he thinks he is doing. right? he's protecting the people in his country because you have a lot of pressure coming from the united states and nato right now to really condemn russia. and to ratchet up tension with russia. so it's not that the u. s. is working to, to calm things down as a 3rd party. instead,

they seem to be the ones racking up. we see that all the time, especially from the comments being made by the president of ukraine right now, who says it's the u. s. it's doing a lot of this in terms of creating a much bigger situation than what is actually happening on the ground. they're using words like imminent and an imminent attack, or an eminent invasion which the white house is finally agreed to stop using that term. but i think in this case you, what you have with shoals is you have a chancellor who's in a position where he needs russian gas. he needs to keep his relationship strong with russia. but. 7 he also wants to keep the united states happy, and so you're trying to find the balance between those 2 things. i will say this, if you listen to how all of the european countries are looking at potential war with russia conflict with russia, they are not excited about this idea. they are not pushing this idea forward. it is the united states who geographically is much further away. that is causing a lot of this tension and the countries, the closer you get to russia are less interested in some kind of armed conflict. they don't want it. and so i think shows is trying to balance that,

keep the administration happy, you know, use those terms like a use there about russian aggression without actually making a commitment of soldiers or weapons moving towards russia. because that only brings up tensions higher than they need to be. and professor robado been just hit on this because the u. s. has been spent years warning. europe will become too reliant on natural gas from russia if the nordstrom to pipeline is completed. so how much do you think that is actually playing into the current state of tensions and you find that to be an oversimplification of the issue? i think i'd like to answer your 2nd question 1st. yeah, it is. an oversimplification. americans don't want to face certain realities here. there trump administration, with very little opposition from the democrats, told the europeans, and they don't matter. told the europeans at the alliance with them doesn't matter that the united states can and will go it alone. wherever it needs to. he thumbed

there in his nose and the europeans are also very mindful that the chinese will be the biggest economy in the world. by the end of this decade. the united states is not the overwhelming player. it once was, and the europeans know it. and they know that they have to accommodate it, and they are not in a mood to have some kind of conflagration with russia, whom they're trying to build a good relationship with in order to keep the united states happy about its waning global footprint. we have to understand that, or else will miss miss q here, the europeans are disentangling from the united states that is painful for the united states. but they shouldn't be surprised, given what they've said and done in the past. absolutely. now, better at the same time, french president micron is in moscow meeting with russian president pooh. and what is the significance of that meeting?

and is it likely to have impact on these ongoing tensions? well, i think it will have an impact, and i think it's extremely significant. it might be the most significant thing that's happened in the past couple of weeks on this issue. and the reason for that is because, imagine this, you have a country like russia that the united states is saying is on the verge of not just, you know, an invasion into ukraine. but these ridiculous stories about there's a video that they're going to produce and they're going to create a false flag attack and trust us, this is going to happen. and everyone saying, well, where's the evidence where we don't have the evidence, right? as it will, all that's happening. the french president emanuel macaroni is doing a very smart thing. he's going to moscow and he's talking to food and he's talking to the russians. that's very significant because in the last couple of decades, what we've seen, whenever there's a build up to the idea of war, the 1st thing that the u. s. does is it says we're going to cut off access to that leader. no one talk to them. right, and we're going to tell you all the things that they're doing and all the things that they've been saying and all the things they intend to do that's been the claim

is that's what happened with iraq and saddam hussein. it's what happened with libya and gadhafi. it's what happened with syria and bashar assad. it that it has been the playbook. and so in this case, it's very significant when a leader of a country like france goes to moscow and sit down with the russian president and says, let's talk because now you're hearing from him whether or not these things are true and what are his intentions. i think it's very significant. what i think it also shows is that the u. s. is not going to be able to steam roll other countries into joining this aggression against russia. and, you know, launching into a war with russia as easily as they have many of the other conflicts that they have dragged the rest of the world into for the past several decades. i don't think it's going to happen the side. absolutely, and it is powerful, especially as like you noted, you had the united states claiming that not only as they're going to be a false flag attack, but that there's going to be some sort of stage video in the past. a number of nations might have bought those claims, but now we're actually thing talks. now professor wolf speaking of talks,

we know we talked about micron meeting with food in moscow this week. now, germany scholes is saying that he is going to meet with leaders in the key at and moscow next week. but what kind of message is he sending my going to the united states 1st and to his actual neighbors last well, you know, i'm not, i'm not to fly on the wall, but my guess is he's telling the americans, ah, what they want to hear, that they're still an ally and that he still treats the united states as a friend, which they do. that's correct. but he's also letting the americans know by immediately going to moscow. and my guess is saying the same friendly things that my call is saying right now, use letting united states know that it is no longer in charge. it's this painfully slow process of re configuring the globe. now that the united states is

declining, and china with russia as an ally is emerging into the sunlight as a dominant player. the whole world is going to be adjusting its happening everywhere. and again, the united states really has a choice between flailing its arms with the symbolic scary gestures are getting down to the, our business of working out an accommodation. now certainly a lot of important choices. i at stake there will continue to follow those talk. professor richard wolf and, and must bend. swan thank you both for your time and insight. thank you. and from the impact of one international conflict to another, it appears that the cost of replacing telecom quitman, that has been deemed as presenting a, quote, national security threat. well, is much more a much more expected or expensive than expected. in fact, while the federal communications commission set aside $1900000000.00 for their rip

and replace program aimed at getting rid of technology from chinese companies like why, way in z t? well, us carriers are now saying they will need at least $5600000000.00 in order to get the job done. so just a little that more than was originally in that budget. now the chair of the fcc took the twitter to say the agency receive $181.00 applications from companies looking to replace their equipment and to receive the funding to do so from the fcc secure entrusted communications networks reimbursement program. however, that additional funding requires approval from congress, which it is likely to receive at some point as the house just passed, the america competes act of $22002.00, which authorizes nearly $300000000000.00 for research and development aimed at competing with china. you know, it's interesting because we followed this ongoing conflict, and of course the fcc was quick to say, hey, we need you to replace this equipment. we're going to fund it, we're going to pay for it. and now they're finding out that that's a little bit more than they bargained well, it feels like obviously

a lack of communication. number one, the telecom companies could have easily known what this dollar figure was before this all went down and said, this is exactly what we're going to need. but as is anything with the government, those prices tend to go up a little bit more when you know your get your government check. yeah, and i mean, you know, yeah, it seems like the congress will go ahead and pass that an appropriate properly. but we know when it comes to any sort of bill that's gonna start taking taxpayer dollars wealth. and it might be in question, especially on or talking about billions of dollars a and something that didn't need to be done according to some people. so that could be a whole nother issue. absolutely. and so i'm now for a quick break, but when we come back last month was a rocky one protect stock that, that, that visually entered a correction. on the other side, we'll discuss the latest from the industry as we get a break. here are the numbers with

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whether people like it or not. the last industry in the world to be transformed by software was money and big coined rolled into town. and now money has been dis, mediated or disrupted by this software. this protocol called good point, and of course, bankers hate it central bank or say that, but let's talk back within 10 years, all major central banks will be gone and we're going to be in a post central bank, aaron with a directly re sell a totally says content to us and decide who sees what content when and how much of it. facebook claims that these algorithms are there to learn about our specific preferences. actually, this is untrue shaping preference. if tomorrow the person finds

a fake point with saying the flat, then this content ranks. huh. at least 20 percent or maybe even 40 percent or pretty. that's true. it was a very dangerous who, a just a welcome back us markets were mostly muted on monday, after a week of earnings reports from major tech companies, saw facebook parent company meta, lose nearly 30 percent over the last week after major losses. and it's met adverse division. meanwhile, amazon stellar showing pushed it up, breaking a record for largest one day gains and market value adding $191000000000.00. but in

hong kong, amazon's chinese counterpart ali baba is not faring so well losing 4.5 percent on monday after it filed with the as you see in the us to register 1000000000, new american depository shares while which took a toll on the hangs, sang tech index as a whole, driving it down by one percent. so all of this comes in tech stocks have had a particularly wild 2 years since mid march of 2020, at the onset of the pandemic to the end of 2021. second. the nasdaq gain more than a 120 percent, but since the start of this year has last more than 11 percent sticky with the hong kong comparison, the hong sound tech index are massive gain from the start of 2022 with highs in february of 2021, before steadily falling for over the last 12 months. so let's go ahead and take a look at the state of equity is when it comes to tech and some of the biggest stories driving markets on tuesday with blue bus co host chris, the i and daniel,

i'm the managing director at web security. and one of the finest mand caves, i think, i've ever seen here on television. now. christie, i want to start with you on the ali baba situation. what's the concern with registering this new 1000000000 shares and adf? well, there is some huge concern seeing as 1000000000 new american depository shares would represent about 36 percent of its existing base. so that's a huge increase in the float already. but the biggest concern is that this could signal the soft bang group corp is looking for an exit and wants to sell at stake in the us market more easily. so the registration sites it to allow holders of ordinary shares, especially those shares that have not been registered with the u. s. a. c. c, to have the flexibility to sell their shares in a t s rather than as ordinary shares. so given the specificity of this registration, it may be a sign of selling intention from salt bank, who holds more than 5000000000 ordinary shares, a large portion of which hasn't been previously registered with the us regulators.

so it's not surprising that the listing would have dropped alibaba. it would have with any company coming out with a massive offering like this and essentially diluting its float. but on top of that, there's an intention to sell a massive chunk. so shares are definitely going to be under pressure. right, and certainly investors are waiting to see exactly where that goes. now dan, we saw huge single day loss for meta recently, while amazon pretty much had the best day in history. so what did we learn from earnings week about the strength of tech overall has been entailed to cities throughout tech, earnings mean 95 percent of tech companies have beaten raise numbers. when you've had some black eyes with netflix and of course with meta, hey, a lot of this is sort of a company specific in terms what we're seeing with facebook. the apple ios changes have really been turned to the business model and as well as competition. but i continue to believe tech on enterprise on cloud cybersecurity in other areas. it's

a robust digital transformation, but i think more and more it's bifurcation tack that you're seeing in this risk off environment, flight white knuckles out there. yeah, certainly intelligent cities is a good way to put it. now. christine, with the nasdaq entering correct territory a few weeks ago, is the worst over yet, or do you expect to see another sell off in the coming week? i mean, it's hard to say there's still another leg down for tech stocks, but most of them have already dropped pretty heavily and they're now currently sitting at heavy support levels and pivot points for the outlook for these companies. they haven't really deteriorated as dramatically as to explain all the falls. so it was mainly the fed worries and fears that they might tie nor over tighten that spooked investors out of these high beta names. so with the cost of barring rising more rapidly than previously anticipated a couple of the continued supply chain bottlenecks, particularly in the chip space. the tax base is facing some major headwinds going forward. but i don't really see another sell off in the coming weeks unless there

is another change in messaging from the said, no dan, i want to hit on a couple of micro stories here. there's a lot of talk about a possible pelettano takeover as the fitness brand has faith. massive struggles recently. 5 there are a lot of dave thrown around like big boys like amazon and nike. but you have you personally, i've been saying it would be a good place for apple. why do you see that? i think it would be a clue if apple is to acquire power time because of the unique brand because of the subscriber base. and it's something that within cupertino, they really focused on health and fitness. and just like we saw with active vision when that fell by the wayside investors, he's it except from microsoft, from the delaware job, which required. and i think right now, appellate time, space fork in the road. whether they decide to go for 10 show m and a put them job if they do apple. both are often to as well as the pensively in the way that amazon or others go. busy after it,

i view that for comment shy historically of acquisitions. this should be a no brainer deal. now, christy, what do you make of this whole pelettano situation with the issues that they have face recently as you were on the air here many times when they going public saying, hey look guys, it's an exercise like with an i ipad on it. so what do you make, what's going on? right, exactly. i think they have very limited ip, but that's a good point that they do have a huge consumer base and a massive subscription base. so would be a good target for a company such as apple, which is actually slowing down in terms of their own innovation and growing their own customer base and everything. so having a new supply chain and a new supply mala to tap into new customers, that would be actually beneficial for right now. pelettano, as we all know, they're facing massive public scrutiny because of all of this pub bad publicity that they've been getting in some of the new shows coming out like billions or even sex. no city where all these stars are now having heart attacks on pelettano. so

it's unknown if there is an inside are activists that are purposely staging this for a potential takeover or not. but there is speculation that there is potentially someone working on the inside and or to help and emanate acquisition take place. that's fascinating and interesting to see that they are in fact, getting that interest from some of those massive companies. now, dan, another part of all of this has been this ongoing scandal was spotify. we know that they have been saying all the right things, going to come to the rogan situation. now they have removed some episodes and the c o has now apologized to employees saying he doesn't believe in silencing popular podcast or does any of this way on the company as a whole. or do you investors realize that there is more to the streaming service and just one voice? why think for spot, if i'm in, rogan with huge back. 100000000 reasons why they care about this non shipping as podcasts are in the world, in terms of audi. and i think the problem for spotify is that the 2 worlds required

and the podcasting world in the content from a streaming perspective. if you type wire ack right now for them, because investors fear that there's more damage here. you can also start to see apple music and others start the game share. this is going to be really key, say, coming weeks and months are spot. if i add a navigate without rogan being when they're big back, but definitely seemed like, you know, they were saying all the right things doing all the right things. their messaging was on point. but as is the case when people are all eyes are on one company, they've scrutiny started to come out more and more people digging back through old episodes. and when you have 3 hours a day, you just talking things are going to come out. boom bus co host chris, the daniel i've managed director at web security. thank you both for your time today. and finally, if you follow the ever growing world of anna, you have no doubt heard of the board a yacht club, but you like most of the world,

had no idea who was actually behind it. well, whether you wanted to know or not buzz feed has now outed the founders of the project as greg solano and wiley are ronelle, who go by the pseudonyms, gordon, garner, and garger mel. now in the piece buzz feed, said there secrecy raise questions about accountability in the age of crypto bought last month during an interview with an s t content creator that you pointed out. there's a long history of anonymous founders in crypto, and there are very real reasons why people want to protect their personal privacy in the space. now the community has rally behind that you creators. well, they themselves poked fun at the situation and post to their respective twitter account. now, for the uninitiated, the board, a yacht club is a series of $10000.00 entity works of our each featuring the, the primate in various form. now the concept has become incredibly, incredibly popular with some of the most sought after a specing big bucks. just how much?

well, board number 232. they have really creative names here in the old for just over 10100. $1080.00 a theory i'm or $2850000.00 on the f t marketplace looks rare last month while board a 2087 that sold for $700.00. 69. more about $2300000.00 at the time number heard $8585.00 wet for $697.00 theory. i'm putting it value at the time at more than 2 point. $5000000.00 and board 870-9600 at 3 am or roughly $2250000.00. i'm still trying to wrap my mind around how people are paying millions and millions of dollars for this one image. but up until this point has it seem like there's been not much concern about who the founders actually are. i mean, it didn't really seem like we're having this conversation until, of course, buzzfeed. all right. obviously, there are people in communities who have issues with certain different aspects, whether it's businesses and the licensing for the people who create these things,

which is part of the an f t because you can get a license be every time it's out. also, there was some racial trope, accusation throw to around as well in there, so that, that issue, but also what they're saying is, look, you don't have to be in public based, you can be anonymous because you're block chain record. that's all you need to know . there is no lying immutable ledger. if i steal money, you can see that i still money. you know, you may not know me as a person or whatever. but that the fact is that just the way that the block chain works. so it is kind of a questionable situation here now. absolutely. they want more about your block chain reputation than your actual that the for the time you get boom bus on demand, the board will tv app, find it at portable dot tv will see next to me i look forward to talking to you all

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everyone here with a ask me if russia wants to fight with nato, let me ask you, does night. so want to fight a world with russia to like that, but him a potent bones nature to stop playing games. ignoring moscow security demand, a strong word covers the russian and french president agreed to work on stability amid the ongoing tend situation to reggie trade. for us, so take the different roads with president biden threatening, that a crucial european gas pipeline would be shelved if russia works. when they do credit, there will be no longer nurse team to we will bring it in. and how will you do that? i promise you will be able to do that in other news.