[000:00:00;00] ah oh them both so many different certified so such as a not quite to make those organs in a test tube. visceral fall, i came up with an idea of using kind of on friday in about developing environment necessary for final reactor. while tensions remain high over ukraine, one thing as abundantly been made clear. russia and nato have fundamentally different ideas about the new york in security. and neither side appears to be in

the mood to compromise. because this was the propaganda war is reaching new heights with they've been bus one business. you can't afford to miss. i'm right to one washington coming up. the federal reserve is now weeks away from its birth planned interest rate hike of the year. so what can we expect and the month to come, and how are markets already reacting? well, this guy flush 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. then argentina agrees to a new deal with china as it worked, reduces reliance on both of us and the i a map. both are you with a stake and why? shockingly, not everyone 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, either wraps up its taper of asset purchases and decides what to do with us. nearly 9 trillion dollar balance sheet. and with the fed on the path, the quantitative tightening report suggests we will get at least a few interest rate hikes this year with 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 3rd decide to reverse course if the market say it's going too far too fast? well, joining us as much, you know, booth, former fed, insider and ceo of cool intelligence. danielle is 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 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 that, 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 have 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, it 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 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 seemed 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 powell, it's that he doesn't wanna see a temper tantrum from the markets or 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 beth 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 that 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 tighten 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 with. 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 of 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's 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 predecessors 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 1st warmer, but is 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 he'd fair traps report. lawrence is great to 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 one to 2 hikes for 22 up 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 of the fed speak has been extra, extremely debt douglas 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 want to take 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 links 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 print in the, in the $78.00 handle range. is going to be the seventh's 7th month about 5 from ever and their targets to on p c. so we're like stratosphere above in it. it probably comes in hot in it, 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. we're, in 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 gonna force the fed and 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, that, that it 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 the case where we kind of gotten used to money flowing and market sitting record highs and those who are profiting off of it 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 but weren't martin, we're growing a much less. ready of, you know, much, much, much more control ace in, at the current at the current decline and growth is accelerating. 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, 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 in the, in the leaving the puzzle in the, in the 204-2006 range. we hi traits. 17 times. when i talk about this, my book, a class of 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 it to an environment where you just don't have the ability of the fed to go on a long hiking psych great points to consider here. and we will certainly continue to follow as that new era plays out lauren's mcdonald of the bare chapter 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 demand artes. enrique rivera has the latest mac 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 in their annual report to the u. s. 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 e u. court of justice ruled in 2020, that the data of european citizens cannot 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 middest threat to cease operations in europe with him via tbr itself is i can assure you that you can live with the libra and wouldn't buck good is only numeric. we don't want big 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 taxi oath. and it is simply a matter of justice. facebook's troubles with the likely contributed to its thought plunging 26 per cent 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 for r t 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 baltimore initiative. but not everyone around the world is happy about it will tell you why neck. and as we go to break here, the numbers out the close, ah, well, they directly resell, advertised, says content to us, you can 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 contents ranks. huh. at least 20 percent or maybe even 40 percent or pretty true. it was a very dangerous thing 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 crossing the on the border of ukraine's again, then there will be we, there will be no longer a nor stream to we will bring it in or will you, how will you do that exactly. since the project and control of the project is within germany's control, we will, i promise you will be able to do. notably, german chancellor, all off shoals refused to give a direct answer on whether that would be the case. 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 argentina talking about financial and infrastructure agreements, but china has also publicly supported argentina's claim to the south american islands. known as the fog ones 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. she's 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 tie one as its own. so how does the latest agreement stand impact tensions in the region? well, let's bring in, boom, both on an christy i to discuss christy you,

let's start with you here. what can you tell us about the disruption caused by the signing of 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 belgium 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 at sovereign debt crisis and the credit level of the local economy for china trade can now be settled in r and b, which is good for the currency to internationalization. and this is also an indication that trade between the 2 nations is expected to increase bilateral trade between the 2 countries is currently running at about $20000000000.00 a year with china. importing soybeans, meet safe with agriculture and argentina,

importing telecom and equipment. so with a tense relationship between china, the u. s. right now, china's diversify its ag purchases away from the u. s. so all in all its power move and the u. s. is not involved and with china supporting argentina's claim to the falklands. it is now throwing a wrench into the world map as we know it today. beijing 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 as certainly as making a statement to a country like the united states. now then when it comes to the baltimore initiative, as christy noted there, what have china and argentina agreed to exactly and what is the significance of all of this? well, i think is pretty significant. well, couple of things. there's about $23000000000.00 worth of agreements here. so it's

not a small amount. 8000000000 of that will go to building a nuclear power plant. what's interesting about that is china had started this agreement with argentina some time ago. in fact, we did it several years ago before the current president and the talks of that had stalled. 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 worth of 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 china gets another ally in its continued camp. and 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 ray 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 and argentina still have a strong bilateral relationship. the u. s. is argentina is number 3, tre, partner behind, brazil and china and the u. k. also has a decent amount of influence in argentina. as historically, the british owned a large part 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 economy in south america. it has those struggled in recent years and now it looks to beijing for our help and partnership rather than washington for financial and trade development assistance. so i think this is very symbolic of the waning influence of the west in the past. historically, argentina has also suffered at the hands of british imperialism, so that also breathe, mistrust,

and motivation for it to seek out new partners. yeah, certainly that influences everything. now, been one of their factor here was taiwan. so what does this mean 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, the chinese decide that they want to take the taiwan back. 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, as i talked about this over the last couple of days on the show. it's so important to recognize that in the a path to decade, the united states has had the authority to go around the world and tell the 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 the spot where it has placed itself in this position with these countries. great points as always, boom, bust and so on. and kristi, i think you both you 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 it's a 15 bedroom georgian mansion that dates back to the 1600s, and the bidding is set to begin. i just $530000.00. now for close to the same price . you can actually also buy a standard one 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 will see you next to me. algorithm, the 7 year old 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 mentioned in that slick presentations. however, other ghost workers who train less self,

where humans are involved in every step of the process when you're using anything online. but we're sold as this miracle of automation behind your screen. it's a vulnerable workforce that feeds algorithms for next to nothing. on a very good day, i can do $5.00 now. at a really bad day, i can do $0.10. now. these workers are invisible 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 oh is your media a reflection of reality? in the world transformed what will make you feel safer? isolation,

whole community. are you going the right way or are you being led to somewhere? direct. what is true? what is great? in the world corrupted, you need to descend. ah, so join us in the devil's will remain in the shallows. mediterranean is the world's most over fish. see unsustainable exploitation of its fish dogs, which maria. bye diversity undergraduate, a celestial. again, i'm sure you understand the system because our system, i'm not going to put in the cookie care for a tech and want to put a loose despite the promise is to end over fishing by 2020. the situation is changing to slow. well,

i'm very disappointed with the position that they've basically north in public interests. they also do know in the mid interest of the fishes, the only interest of the fishery lobby on the face of the only ones in danger. the fisherman also at risk of losing all of them up to them before they get to them about that. i'm going to level more going. i guess it might be real. she's been able to have the viewership with, [000:00:00;00] with or what are you doing? what do you do?

i did a canadian police go in heavy at the antibiotics in monday, protests in all to why as prime minister trudeau tries to belittle the demonstrators. a few people shouting and waving swastikas does not define who canadian or thousands of people coming down here showing support. there was why, you know, there is music report from the canadian capital where to find the government pushed back the protests up costing off people. it also this our audi german language channel appeals berlin's broadcast path. we have from the russian foreign ministry