about our specific preferences, but actually this is untrue then shaping preference is tomorrow. when a person finds a fake point where the video, when it saying the flat, then this content rank slow, little at least 20 percent or maybe even 40 percent or pretty. but it's true, it was a very dangerous thing with that then boom, bus going business. yeah, you can't afford to miss. i'm right to love in washington coming up. the federal. 6 reserve is now weeks away from his 1st plan interest rate hike of the year. so what can we expect and the month to come and how are market already reacting?

we'll discuss, plus meta now says is planning to shut down. facebook and instagram for users in europe will take a look at the ongoing fight between the social media giant and european regulators over who should control your data that argentina agree through a new deal with china as it worked to reduce its reliance on both of us and the i in that will tell you what the stake and why shockingly not everyone. a is too happy about it. we have a lot to cover today. so let's get started. we leave the program with the latest speculations surrounding the federal reserve and its plans for monetary policy. this year, the central bank is expected to raise interest rates for the 1st time since 2018 next month, as it wraps up its caper of asset purchases and decides what to do with its nearly 9 trillion dollar balance sheet. and with the fed on the path, the quantitative tightening report suggest we will get at least a few interest rate hikes this year. economists from the bank of america even

doubling down on the claim that we will see 7 rate hikes in 2022. but will we actually get their ann, could the fed decide to reverse course if the market say is going too far too fast? well, joining us as this is daniel booth, former fed, insider and ceo of quill intelligence. danielle, it's great to have you on the show to day. now when it comes to the forecast for when and how the fed will raise rates. what do you make of this prediction that we could actually get all the way to 7? i mean, how likely is that? you know, i, i just can't see it. and i understand, you know, that if you're looking at an economic model and you're saying inflation is here and therefore the fed funds rate the overnight lending rate needs to be here. i understand doing that math and connecting those dot. i just can't see the economy being strong enough to withstand that level of tightening, given the fact that the fed didn't get that far in 2018. so one of the things that

i follow the most closely, and i think if your viewers aren't familiar with it, they need to google it and keep it on their screens. and book market is the difference between the 2 year treasury yield and that of the 10 year treasury yield . that difference is $62.00 basis points. that's point 62 percentage points. and it has remained at a very low level, despite the fact that both the 2 year and the 10 year yield had risen to a great extent. and yet, the difference between them tends to dictate how many rate hikes that the fed can pull off as the markets are communicating today. that point $62.00 percentage points suggests to rate hikes at the most. and that's assuming that the yield curve does not what we say flatten any further. well, that's great advice to keep in mind and also good to know. now, as you mentioned, i mean not everyone is that optimistic that the fed is going to stick with this new path. and some skeptics are predicting that sure we could see maybe even 23 rate hikes. but that the process of the fed ending asset purchases and then starting to

reduce its balance. she will have such a negative impact on markets that it could even cause the fed to either slow down or reverse course entirely. what's your take on that prediction? i think it's very difficult for any of us to say the fed has new tools that it did not have in 20182019 the last time that it ventured down this path of shrinking its balance sheet. the question is how, how effective are these new tools going to be in terms of the fed steadying market hesitation, steadying market disruption, as they remove liquidity from the system at the same time that market is anticipating that they're hiking interest rates. again, i bring you back to the episode of 2018 and the temper tantrum the that the stock market had at the end of the year when it was protesting, effectively double tightening, which is what we're contemplating right now. that market seem to think the stock

market could potentially take in stride. we're certainly seeing evidence of that with today's close. but again, very different messages being communicated by the bond market compared to that of the stock market. and if there's anything we've learned about chairman power, it's that he doesn't want to see a temper tantrum from the market. so he's going to try to keep that from happening . now when it comes to the role that inflation is playing in all of this, there has been concern about wage inflation and its impact as employers are paying more in response to the so called great resignation. but even though wages have risen at their fastest pace in 2 decades, i mean that's still nowhere near overall inflation. so why do you see that being a concern? and is there really an expectation that inflation is going to fall anywhere close to 2 percent in the near future? so i think the idea of 2 percent is a little unrealistic. well, i actually think it's a lot unrealistic, at this point, because we're wanting to see inflation start to come down slowly. most economists anticipate that this bit thursday report is going to be the peak that we're seeing

in terms of year over year increases in inflation. and that we're going to see month over month increases, begin to slow as soon as thursdays data come out. but again, the year over year rate is not going to come crashing down to 2 percent overnight. so i think anticipations with deference to treasury secretary janet yellen, that these are unrealistic expectations at this point. so inflation is going to remain as subject it is front and center, especially going into november's mid term elections. and i think that that, that politicians especially are going to put more pressure on the fed to continue paying attention to inflation. even if it means trying to force the fed to tightened too much, as opposed to, as you suggested earlier, potentially pause or reverse course. yeah, definitely good to keep in mind now when it comes to the politics and all of this. i mean, how is j powell playing a role here? we've seen him try to keep markets happy. we've, she'd seen him try to keep president biden happy in order to re secure that re

nomination. so where does he stand and all of this and what kind of legacy is he leaving behind right now? well, you know, i think we're going to find out for more years is a mighty long time because that that's another entire tenure. when it comes to chair power he's, he's certainly young enough to, to, to serve those last 4 years. i've his term once he's confirmed. and that's, that's a big issue because he's technically, you know, not been in office since february 5th, even though the bylaws dictate that he remains in office until there is a new chair. but he still has not been voted on by the senate. so we're still waiting for that moment, but his legacy is, in my mind at least very much largely to be determined. he's done a very good job of bailing out the financial markets. let's see what his ability now is to engineer a soft landing for the united states economy given the inflationary backdrop that hasn't faced any of his predecessor since paul volcker was in office during the late seventy's early 19 eighties. so the challenge is gigantic for j. powell and

trying to assess what his legacy is going to be at this point is premature because it's been more than 40 years since we've been going into an economic slowdown, which we are with inflation at this high levels. excellent points and it's all still to be determined. you heard it here for its former findings letter danielle of the martino booth. thank you so much for your time and insight. thank you for having me. and we can talk about the federal reserve and it's policies without of course, talking about how the stock market plays a role. so let's continue this conversation by bringing in lawrence mcdonald, editor of heat bear traps to report lawrence's great, have you back on the show today. now i know it's been a busy week for markets with several key earnings reports playing a role. but how much is the fed and of course, anticipation over what it might do impacting investors right now? well, it's everything, it's everything. and thanks for having me back on the,

essentially what's been going on is around thanksgiving the fed started to leak more aggressive path. and there were several leagues out to big banks, and we went from $1.00 to $2.00 hikes for $22.00. as of like 3 weeks ago we went up to 7. so the fed leak this path, and then mr. paul came out with the conference and then a number of fed governors followed up and they basically walk this back. and so when i was on the program about 2 weeks ago, i mentioned i thought the lows were in for tradable bounce in. what's happened since that, that day that i was on about 2 weeks ago, the fed speak has been extra, extremely debt w relative to the leaks. and it's put a lot of people at ease, in terms of what we're probably not going to get the 7 hikes and quantitative typing this year. and that's really driving the bus. well, i'm glad you mentioned that because i know we talked about kind of those leagues being put out there as a way for the fed to kind of get

a hold on how investors are reacting on what the market makes of it. so how do you see them moving forward, especially when we're still talking about inflation near 40 or high then, and we'll see what comes out later this week. but as for right now, i mean, we're talking about massive inflation all around. how is having an impact on what they're looking at right now? yes, since exactly. so now we come to the point where we get the data and thursday we get this cpr, which is now if, if remember we went above about 6 months ago, we went above 5 percent and send out another friend in the, in the $78.00 in range is going to be the sum of its 7th month above 5 from ever and their targets to on p c. so we're like stratosphere above in it. it probably comes in hot in terms of the internal did around rents. and so that the numbers going to put pressure on the fed to walk back to the walk back. in other words

they've, they've taken it down, but i think your hot number in a more sustained path than that's what we're getting. when other words, we're getting much more long dated inflation than we thought you know, 6 months ago. and that's gonna eventually force the fed to really have to push back harder. so we're in this period of trial balloons, but the date is going to force the fed hand into a more group of more gressick path. and we're certainly learning and a very real way that inflation is not transitory as they claimed it was for months and months. now at the same time, there seems to almost be concern among investors that the fed will raise rates, even if it's not 7 times still, i mean 2 or 3 and that it will move to reduce its balance sheet. is this just a case where we kind of gotten used to money flowing and market sitting record highs and those who are profiting off of that don't want to see it come to an end? well, daniel, daniel has some good points. i really like that, you know, the previous segment where yet i think at the end of the day,

inflation is already height rates for the fed, probably 200 basis points in. so that's inflicted a lot of, of a lot of chains around the economy. we're still growing, burned, martin, we're growing a much less of, you know, much, much, much more control ace, in, in, at the current at the current decline and growth is accelerated. so and then then on top of that, the, the, the recent, the last 2 months that the hawkish fed speak is also tightened financial conditions . and then on top of that, you have the fiscal lever in washington that's really falling off. so those 3 things are actually doing all the feds work for it. so at the end of the day, i think the terminal rate is correct. in other words, this cycle we're not going to see like 78. the get in the, in the lean, the puzzle in the, in the 2042006 range, we high traits. 17 times. when i talk about this, my book across up, their common sense up. now this cycle to me much more condense cycle that's really

bullish for gold miners, really bullish for silver minors and heart assets. you want to be long, hard assets, valley stocks. you want to be on a grows, it's kind of a new error that we're heading in in to an environment where you just don't have the ability of the fed to go on a long hiking psych, a great point to consider here. and we will certainly continue to follow as that new era plays out. lauren's mcdonald of the bear chaps her for it. thank you so much for your time and insight. thanks for having and the battle continues over data sharing in europe as now. mehta has threatened to shut down facebook and instagram services for customers in the region unless regulator is given to their demands. artes enrique rivera has the latest mark sucker bergs. meta is threatening to pull facebook and instagram out of europe. if the e u doesn't reverse a decision for bidding data transfers to the united states,

meta issued the warning and their annual report to the us securities and exchange commission stating, quote, we will likely be unable to offer a number of our most significant products and services including facebook and instagram in europe, which would materially and adversely affect our business, financial condition and results of operations. the court of justice ruled in 2020, that the data of european citizens can not be transferred to the united states because it endangers citizens privacy. given that u. s. government agencies can access this data without the individual's knowledge. colonel america responded to meadows threat to cease operations in europe will typical via tabular self is i can assure you that you can do well without facebook and that we could live very well without facebook. i think that these big tech groups are not used to having people resisting them. and we are determined to resist them in the name of the european sovereignty. that robert habit just mentioned that unites french and german leaders,

but also french and german people. we want to resist the power of the big tech, la mecca also brought up an issue. europeans have with meta and it's crypto currency. the libra wooden bar code is only numeric. we don't want a tech to create digital money that would compete with the euro. we refused in the past with chancellor shoals, we said no to the libra. we also resisted on the taxation. it took us 5 years of work to reach a fair taxation of big tech law. and we managed to do it against the opinion of mr . zuckerberg and other techs who owes in it is simply in matter of justice. facebook's troubles with the likely contributed to its stock plunging 26 percent last week. one of the biggest value drops in the history of stock market. but despite the ups and downs, as well as the pastoring from both meta and the you close door negotiations between the us and the you are currently under way to develop a new legal framework for the transfer of you citizen data to the united states for

rti i'm enrique rivera, and so i'm now for a quick break only come back is a major new deal broker between argentina and china as part of the initiative. but not everyone around the world is happy about it will tell you why that. and as we go to break, here are the numbers out to flow. bring you the very latest every out the day. this is out. he's now snow from everyone. here with

the mediterranean is the world's most proficiency unsustainable exploitation of its fish dogs, which maureen biodiversity under great thread issue 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 ease. promise is to end over fishing by 2020. the situation is changing to slow. well, i'm very disappointed with so that they basically a public interest. they also do know in the interest of the dishes, the only term interest of the fishery loving the facial, the only ones in danger. the fishermen also at risk of losing all the plugin multiple globally, they get to them about that. i'm a global when i get them with

wild tensions remain high over ukraine. one thing has abundantly been made clear. russia and nato have fundamentally different ideas about can new york in security and neither side appears to be in the mood, to compromise. is this why the propaganda war is reaching new heights? with welcome back. the pressure campaign continues surrounding the north through 2 pipeline. and now the finance minister of france is warning german leaders not to

be manipulated by the u. s. during an interview on tuesday, he said, quote, the americans will not have to bear the same consequences of a conflict and ukraine as the europeans, especially in terms of energy prices. let us not be dragged by the americans to a position that is not that of the europeans. his comments come in response to president biden, who insisted that if there is a military conflict, then the pipeline will be no more if russia invade. so that means tanks or troops cross the, the border of ukraine again then, or there will be we, there will be no longer a north stream to we, we will bring it in to what we do. how will you do that? exactly. since the project and control of the product is within germany's control, we will, i promise you will be able do. notably german chancellor all off shoals refuse to

give a direct answer on whether that would be the case as he also refused to mention the pipeline by name. now, as we have noted, the u. s. has spent the last several years attempting to stop nordstrom to which aims to bring relief to europe in the face of soaring energy cost. and a new agreement with argentina as part of china's boat in rhode initiative, a drawing concerns from the u. k. that is because not only are china and argentine and talking about financial and infrastructure agreements, but china has also publicly supported argentina's claim to the south american islands known as the falklands or the mall venus, as they are known in argentina. the agreement was made following a meeting between argentinian president alberto fernandez and chinese president choosing paying during the beijing olympics now as part of the deal. china showed it support for argentina's claim to the falkland, while fernandez back china is one china policy which claims taiwan as its own. so

how does the latest agreement stand impact tensions in the region? well, let's bring in, boom. both spend on an christy. i to discuss christie. we'll start with you here. what can you tell us about the disruption caused by the signing in this agreement? and did this come as a surprise at all? i mean, it's going to cause some disruptions as the core of the belt and road initiative is to enhance financial support for china's export settlement to argentina and actively encourage trade diversification. so with this b r i agreement, not only will try to help finance the infrastructure build, but it will also allow it allow argentina to seek financing outside of the i m f. so this is a win win for the 2 of them. for argentina, this agreement will help improve sovereign debt crisis and the credit level of the local economy for china trade can now be settled in r, m b, which is good for the current these internationalization. and this is also an indication that trade between the 2 nations is expected to increase by that old

trade between the 2 countries is currently running out about $20000000000.00 a year with trying to importing soybeans, meet sea food, agriculture and argentina, importing telecom and equipment so with the tense relationship between china, the us right now, china is diversify. it's ag purchases away from the us. so all in all, it's a power move and the u. s. is not involved and with china supporting argentina's claim to the falkland. it is now growing a wrench into the world map, as we know it today. basia has previously condemned britain's colonial mindset, and called for all forms of colonialism too, and adding that today in the 21st century. the days when western colonialists had free reign are long gone. so by supporting argentina, it's drawing a parallel to its claims over taiwan as well. yeah, certainly as a power move in, it certainly is making a statement to a country like the united states. now then when it comes to the belt initiative, as christy noted there, what have china and urgent tina agreed to exactly. and what is the significance of

all of this? well, i think it's pretty significant. well, couple of things. there's about $23000000000.00 worth of agreements here. so it's not a small amount. 8000000000 that will go to building a nuclear power plant. what's interesting about that is china had started this agreement with argentina time ago. in fact, we did it several years ago before the current president and the talks of that had sold. so the fact that it's restarted now, i think is a big deal. and then we're talking about in all. but as i said about $23000000000.00 for the infrastructure projects in total, so it's very significant in terms of what's happening here. but what's more significant about that is remember argentina has run into continued trouble with the i m f over the last few years. and so at this point, by, by showing up a relationship with china by building out the connection between, between those 2 countries and bypassing the european union by bypassing the i m f by bypassing the united states argentina gets to continue to move forward and trying to get to another ally in its continued campaign, if you will,

to kind of isolate the united states and to no longer be the loan actor, but to bring other countries on board with it's an initiatives. and certainly i know that that's powerful for argentina, especially as we've talked about the i m f is sort of the power that exerts over countries like argentina. now kristi, with that in mind, what kind of impact does this agreement have in terms of u. s. influence or even you k influence over argentina? well the us in argentina still have a strong bilateral relationship. the u. s. is argentina is number 3, tre, partner behind, bazillion china and the u. k also has a decent amount of influence in argentina as historically, the british owned a large portion of argentina's industry and railway systems. however, a lot of that power and influence has waned and recent years as argentina is now one of the largest economies in south america. it has those struggled in recent years and now it looks to beijing for help and partnership rather than washington for financial trade development assistance. so i think this is very symbolic of the

waning influence of the west and the past. historically, argentina has also suffered at the hands of british imperialism. so that also breeds mistrust and motivation for you to seek out new partners. yes, certainly that influences everything. now, been one of their factor here was taiwan. so what does this in for taiwan at this point, and does the likelihood of chinese action against taiwan increase with this agreement? we've got about 30 seconds left. yeah, i think it certainly could increase. i mean, if the chinese decide that they want to take taiwan back and they certainly might do that. and certainly the united states looked weaker and weaker on this issue. it was a smart p r. move if you will, to side with argentina over the falcons. but there's, there's another issue here as well, and that goes back to the story you just read very quickly about basically germany and france sane. the united states is not going to force our hand when it comes to a war with russia because it impacts us. i talked about this over the last couple of days on the show. it's so important to recognize that in the past,

past 2 decades, the united states has had the authority to go around the world and tell other countries this is in your best interest. you will do what we say that influence is significantly downplayed compared to what we're seeing right now. absolutely, and we continue to see the united states get itself into this spot where it has placed itself in this position with these countries. great points as always been by spence on and christy i thinking about and finally, if you're in the market for real estate and you're looking for a historic mansion in the middle of nowhere, then you're in for quite the deal with the latest listing in north wells. that just went up for auction, its a 15 bedroom georgian mansion that dates back to the 1600s. and the bidding is set to begin just $530000.00. now for close to the same price, you can actually also buy a standard $1.00 bedroom slot in london and it's that kind of comparison that serves as a reminder of just how much housing prices have skyrocketed over the last year. i

don't know about you, but i think i would take that ancient mansion in the middle of nowhere. it seems like you could get more stories and a lot more adventure. and that's it. for this time, you can catch boom bus on demand on the portable tv app, which is available on smartphones and tablets to google play and the apple app store by searching portable tv. wearable tv can also be downloaded on samsung, smart tv, and roku devices, or simply check it out at portable dot tv. well see you next me. i join me every 1st day on the alex summon show and i'll be speaking to guests in the world, the politic sport business and show business. i'll see you then. mm . marsha software is not going to

hand and the transformation of all industry is with us 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 going 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 will going to be in a post central bank. aaron, a well they directly resell, it only says content to us and decide who sees what content when, and how much of it. facebook claims these algorithms. so then to learn about our

specific preferences, actually this is untrue shaping preference. if tomorrow a person finds a fake point with saying the flat, then this content ranks. huh. at least 20 percent or maybe even 40 percent. oh pretty true. was a very dangerous thing. ah

ah ah good. what are you doing like a canadian police go in heavy at the anti vaccine mandate protests and also with the protest. this seemed to be saying, result 2 provinces of now and asked an end to that proof of vaccination policy. brush is no stream to gas pipeline becomes the focus of the west. stand off with moscow. ukraine, washington threatening a tough response despite russians. denial and if any invasion plans also in the programs old stream to teach german channel band and native aggression brushes for a ministry spokeswoman there is a talk to us exclusively on today's hot button. topics with the gym. government said i have nothing to do.