this is boom bus. so what does it show you can afford to mid range of or, and i'm going to london in washington coming up. so white house is now reportedly warning the battleship industry to get ready to look for other supplies in response to international conflict. will tell you how the current shortage could get even worse. plus, it was a good week for markets unless you were here in the united states on friday. we'll bring you the latest behind the weeks gains and losses with the global market walk . and later we take you back to the auto sector where the ongoing trucker protests in canada have now begun to impact manufacturing capacity. we'll take a deep dive, gotta pack, so today was dive right it. we lead the program with a warning that the ongoing semiconductor chip shortage could get even worse. that's according to a new report that the white house is calling on the chip industry. it diversify its supplies. so i didn't concerns over a possible conflict between russia and ukraine. notably, when it comes to the supplies, the u. s. uses for making ships 90 percent of the neon comes from ukraine and 35

percent of the palladium comes from russia. now the current warning serves as a reminder that during the unrest in 2014, when the u. s. supported a government overthrowing ukraine, the price of neon skyrocketed more than 600 percent. now, while russia has said it has no plans to invade, and ukraine has even said russian invasion is not likely, the white house isn't just concerned about military conflict here. it's also concerned about moscow retaliating if washington pursues any of these sweeping export controls is currently threatening against russia. so joining us now to discuss the latest is most co host christy i. now, christy, let's start with we know that it when it comes to this ongoing chip shortage and especially the united states reliance on countries like russia and china. do they have much room to diversify their supplies right now? no, i don't think there is too much flexibility. here as

a supply chain for so many chips is long and convoluted, given how many borders a chip has to cross in order to get manufactured. currently, industry experts believe that even if there was a conflict in ukraine, it wouldn't cut off the supply, but it would dramatically drive the prices of me on and thing other things like flooring as well. and that would be problematic if the already skyrocketing inflation and currently the chip shortage that we're experiencing right now. so diversification, it had been a key recommendation for the u. s. chip industry since last year and earlier on. but it's much easier to say than to actually put into practice. chips consist of as many as a 100 layers of materials. and these are deposited and partially removed to form could these complex 3, these structures that all connect these tiny transistors. and some of these layers are just one atom thin, and they all help to juggle all the variables that goes into your electronics, such as temperature, pressure, electrical, and magnetic fields, etc. so currently there isn't much flexibility for the us to diversify away from

its supplies at this point in time. and even if it did, now you have all the supplies. how are you going to manufacture them? a chip boundary because billions of dollars and years to build out and even then the economics are so brutal that you can lose out if your manufacturer expertise is just a fraction behind the competition. which let's be real us. manufacturing skill is pretty lagging us has now turned into a service based economy, and it's manufacturing, skill and cost. labor is lagging behind that of places like china, who can produce a better and cheaper. alright, now we're going to also bring into this conversation, john qual, she's a dean of the miami herbert business school. now dean quote, unit comes to both the us and the for posing around $50000000000.00 each and investment to strengthen their own ship making industries. but given that, of course, that would take time. so where does that leave the state of the current ship shortage? while the situation is difficult, because china,

of course, is a high demand for chips, the west high demand for chips. and many of these chips, of course depend upon neon and platinum, and other ingredients, other raw materials that are coming out of russia. and that gives the, the us relatively less leverage in its negotiations with russia because chips are absolutely essential to western economies. and the raw materials are in short supply in terms of the number of volts and the sources available. and the quote, what about that massive investment that we've seen, both the us and the you put $50000000000.00 aside from the situation, obviously with your local tension. they've put those $50000000000.00 investment. i mean, do you think that in the long run is going to make any real impact on the situation? well, as this, of course, in the long run is an effort to bring the supply chain home. the european union

used to in the $990.00 s be responsible for about 40 percent of chip manufacturer in the world and now it's down to 9 percent. wants to get back up to 20 percent. and that is why the 50000000000 those been put on the table. similarly, in the u. s. there are efforts on the way to repatriate ship production. we have commitments for mintel and taiwan semiconductor to build major new chip plants in arizona. but these of course, will take time to come on stream, and in the short run where facing a geopolitical situation in which the united states does not have so much leverage when it comes to sustaining the supply chain out of russia. and of course, speaking of those geopolitical tensions. kristi, i mean, while the u. s. is talking about tensions with russia. tensions with china really

main, a factor as the latest report show, beijing fell short of its commitment for phase one of the trade deal made under the trump administration. so where does that leave the agreement? and you know, i know we've talked about reasons for this short fall in the past, but where are we now? well, there was already huge skepticism that the deal was going to be fulfilled even back when i was 1st thing. i think as soon as it was signed, we all called it a joke and more, and it was more for show than an actual commitment. and through november, china had only met about 60 percent of the goal according to tre data. and the problem is the same thing that we said back then that there is absolutely no incentive or enforcement measures to the agreement. there was no way that us could force china to buy things that they don't need. so that's why we called this entire deal a big pile of nothing from the beginning. so for now, officials are trying to say face by saying they will continue to press china to region agreement on their purchases. but they conceded that the framework of the deal offer them very little leverage to enforce. so it does leave the current

administration with a bit of a mess on their hands, seeing as they basically inherited all of this deal. and certainly it's interesting to see how it has come about, especially in the last couple of years with someone like president biden, who was very critical of trump and came into office and kept his policies in place . nadine called when it comes to just sort of that method, the binding ministration now has to deal with. where do you see the state of trade talks right now and where do you see them going over the next year? the united states has been distracted 1st by the afghan withdrawal. secondly, by the current situation in the ukraine. and of course, the principal objective of the buying the ministration was to push through the domestic agenda. given all of those distractions, it's not surprising that there's been little or no progress with respect to china, trade forks, and one of the most important issues i think,

for the u. s. at this juncture is, in terms of trade, whether or not there will be an increased alignment between china and russia in terms of their, into country trades that will perhaps reduce the ability of the us to negotiate aggressively and could in fact, result in russian raw materials flowing into flowing more readily and in greater volume into china. chip making plants. yeah. certainly it's all fun and games for the u. s. until it starts to lose more and more leverage. dean john called to the mammy, her business school, and boom bus. christy, i think you both for your time and insight. thank you. and markets are trending up for the most part this week. as concert were rising

inflation, future central bank policy and rising your political tension? well, they're having less of an impact on investors sediments than you would expect. we start in russia where the mo, x is up, but by a little more than half a percent, despite geopolitical tensions with the west, over the situation at the border of ukraine. savvy investors took the opportunity to buy the dip after recent low in january. rising energy prices are clearly a factor as well. in fact, russia leading producer ross, which accounts for 40 percent of the nation's total crude output. so it's profit jump more than 6 full than 2021 to $11900000000.00. moving to asian markets, we have another green arrow for the shanghai composite up more than one and a half percent. the composite decent gains on monday and tuesday, after being close last week for the lunar new year holiday. it did take me her last to close out the week as the asia pacific region reacted to new inflation that out of the u. s. showing consumer prices jump 7.5 percent year over year in january, another bright point,

many analysts are saying the worth of china's regulatory crackdown is likely over at the nation focuses now on economic expansion. in hong kong, the hung is up by more than one percent for the week and battle property giant china ever grand group saw some gains on thursday after the company said it hopes to deliver 600000 apartments in 2022 on the hopes that those regulatory was coming to an end, shares in 10 cent alibaba and that he's pop mid week in japan, the new k is also in the green up by more than 2 percent after the deal for video to acquire chip designer arm officially fell through well thought bag now it's plans to take arm public, which caused their shares to jump nearly 6 percent during wednesday's tray. let's move to india where we have the 1st red arrow for the week, for the sense sex. but it was only down by about a quarter of a percent, the reserve bank of india. now this week that it would keep interest rate steady at 4 percent. they also kept the reverse repo rate steady at 3.35 percent despite analyst suggesting there would be

a 20 basis point increase. now after the decision, the index did see some gains, but not enough to put it into positive territory. in australia, the ass sex $200.00 is up by just shy of 1.5 percent for the weak shares in australia did take some losses during fridays trade after the inflation that out of the united states as investors look further, monetary tightening in the us, the nation also saw record retail sales in the final quarter of point $21.00, jumping more than 8.2 percent in the last 3 months of the year. and in south africa, the all share is up, bank thing gold miners lead the gains is demand for gold continues. meanwhile, the i m. f said on friday, the south african and economic recovery remained fragile with growth expected to sit around 2 percent. now let's go over to rachel for more from europe in the americas. think brent? here we start in the u. k, where the 50 is up nearly 2 percent for the week. now this comes as a later data shows the nation's economy grew by 7.5 percent in 2020, its fastest pay since world war $2.00, but with inflation having 30 year highs,

the ceo of britain's largest grocery store chain is now warning that the worst is yet to come for rising food prices, even as the bank of england continues to raise interest rates and nearby the german dax and french kac are both in the green. despite taking a hit during friday's sell off. now the european commission is raising its forecast for inflation after it hit record 4.6 percent in the 4th quarter of 2021. it now says it is likely to hit 3.5 percent this year. still, well above that 2 percent target as labor shortages and storing energy costs continue to take a toll on the block across the atlantic now to brazil, where the bus is up over 2 percent. seeing more than one percent of those gains on friday alone, while inflation remains over 10 percent. it was actually right in line with expectations in december as data showed, the retail sector drops by point one percent, which was less than expected. however, economists are now signing the alarm over citizens who are struggling to pay their

debt. as a central bank has raised interest rates to nearly 11 percent and in mexico, b and b is also in the green. now all inflation was down slightly to just over 7 percent. it didn't drop by as much as expected as a nation continues to battle supply chain shortages. notably industrial output did increase by more than expected, hitting 3 percent in december. and while the bank of mexico has a new governor, she has stuck to the script voting with the majority to bring interest rates up to 6 percent on thursday. now, here to the united states where the dow, the nasdaq, and the s n p are all down to end the week. all 3 were hit by friday's sell off with the dow dropping nearly 500 points. now, in addition to fear of geopolitical tension, investors are speculating on what the federal reserve will do as inflation officially has 40 your highs, while the 1st interest rate hikes and 20 and is expected next month. the debate right now is over whether it will be $25.00 or 50 basis points as the fed brings

and official end to it cycle of quantitative easing. and finally, let's go to canada where the t as x is nearly 2 percent for the week. now this comes as thousands of truckers have taken to the nation's capital over the last 2 weeks to protest vaccine mandates. they briefly blocked a key border crossing between the us and canada on monday, sparking concerns that if the movement continues, it could serve as a major supply chain disruption at a time when the industry is already at risk. moving into next week, we will continue to keep an eye on the state of the supply chain world wide and how it is playing a role in the ongoing recovery and time now for a quick break. but when we come back after a number of issues over the last 2 years, the auto industry is dealing with the follow from the canadian truck or protest. we'll take a look at the impact on the other side is a good break. here are the numbers with

with bring you the very latest every out the day. this is all national from everyone had with on organ is composed of many different surplus. a not quite a good

idea of using kind of on buddy about developing a bomb and necessary fall vinyl reactor algorithm. so neural networks have been following us everywhere. we look online because our relationships are what matters most us and that's how we find meaning. and how we make sense of our place in the silicon valley see, don't mention in that sneak presentations. however, the ghost workers who train the software 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 is a valuable workforce that feeds algorithms for next to nothing. on a very good day, i could do $5.00 now. a really bad day. i could do $0.10 now. these workers are invisible by design, it's about labor costs,

but it's also about creating layers of lessening responsibility between those who solicit this kind of work and need it. and those who do it in a welcome back. now, as we have talked about here and, and bus the auto industry, it's based a number of issues. since the onset of the pandemic related to strain supply chains and the global semiconductor shortage. and in the short term, things may get even worse. earlier this week, thousands of canadian truckers protesting the nation's mask and vaccine mandates block the ambassador bridge, connecting windsor ontario and detroit michigan. now the british deals with nearly 25 percent of trade between the 2 nations and is the busiest land bridge between the 2. with much of that made up of auto parts in vehicle. now after that traffic was diverted,

the truckers moved to block the other crossing in response to had to briefly halt production at 3 factories in ontario. and a shortage of canadian made part is impacting an assembly plant and kentucky, ford and general motors have also mentioned disruptions due to the blockade while still wanted, which was formed by a merger between chrysler and p. s. a group had to shut down a plant in windsor, which was eventually brought back online. so let's go ahead and take a look at this and some other news out of the auto industry with ryan moody. he's the executive editor at auto trader and lauren. fix, of course, our good friend, the car coach, lord, i want to start with you here. everything going on with the supply chain. i mean, how much is a further strain impact in the industry, even if it is, you know, i mean, obviously that's huge, but also at the same time, it seems like a small event compared to everything else going on globally. well it's certainly a part of this impact. now, one of the things that we have to keep in mind it's not just new cars,

it's also used cars and maintenance parts. so we're talking about tires and components suspensions, upholstery, interiors come. they do a lot of sub assemblies in canada as well as trucks and cars, and they're back and forth across the border. i guess one of the things that the car manufacturers haven't thought about as there are other bridges to cross sarnia is farther north, but it's also an option. so maybe that's what they're doing to get product to market. but when you're talking about other components, if you need to have your car maintained, those are the parts that you get to think about because they're also in those trucks. and that will affect the consumer as far as like tires and auto part repair piece. so yes about or a that is a that there are a lot of moving parts. it would be an understatement there. now brian, i know we've talked about how the price would be. those are really a lot over the last year with new car prices rising more than 12 percent and used car prices up a staggering 40 percent. but month to month. growth from december to january has slightly leveled off. so are there signs of some relief here?

yes, there are signs of some slight relief, according to kelley blue books, average transaction price. so that's the price of the cars are actually selling for . so that wouldn't be the list price that would include features, options, and services. that's actually down about 2 percent. january of this year, and that results in about $850.00, a $140.00 worth of savings. so the average consumers, unfortunately, part of this is due to lessening luxury car sales. so it's not all price reductions, but there is good news on the horizon. i think once we get past the 1st half of this year, you'll see a little bit of relief as some things hopefully turn to little bit normal. and i guess when i car prices there up all around, it makes your average car feel like i'm sure you're currently using when it comes to what you're paying for it. now. lauren, when it comes to industry analyst, they are projecting growth in new car sales. and $22002.00 with european sale is expected to be up 7 percent. while the american market will grow by 6 percent. and

the chinese market will see a gain of 5 percent. now, do you see strength in the market, even though people throughout the world are paying more for pretty much everything all around i think there's going to be an ease like brian was saying, when you think about the fact that they're starting to get chips and they're starting to get some of these parts going and there will be other ways around using that one specific bridge or pathway. i think you're going to start seeing more cars coming in to the dealers. once you see more cars coming in, the demand is there. but one supply chain start to fill back up, which are probably the latter part of next year. you're going to see incentives returning, and that will also help bolster the sales and our number should increase. and we'd love to see the demand higher, both new and used cars. but right now the demand is, is only as good as a supply. and so there are a lot of limitations in place as of now, but i think we're going to see an ease in pricing and demand that will increase as leases become due for brian, what do you make of that? what do you see when we look at what the projections for overall car sales moving

into the next year? look like? well, there's gonna be a lessening of new car sales just for the fact that there just aren't that many available. so even if everybody wanted wanted to, the same demand is in the past in advance right now is, is pretty good. the manufacturers just don't always have the cars to sell. and so as you mentioned before, that puts pressure on used car prices. so it's not possible to have record new car sales or to beat some of those old records if the vehicles themselves just aren't available. and that would be something measured over the total of the year, notches within certain segments. and i want to, you know, as we talked about the trends of what's gonna happen here in the future. brian, the international energy agency released a new report this month saying evie market share doubled in 2021, up to 8.5 percent from 4 point one percent. and it's all globally. do you see that continuing moving into the years to come? it will and i think one of the things to keep in mind. so when we look at the u. s, we still look at electric car sales as less than 5 percent,

so that means electric only vehicles. now when you add electrified vehicles, includes hybrids plug in hybrids and electric cars. it's closer to 10 percent. and the reason that's going to go up is because more people will be aware, and there's simply will be more electric cars for sale. and most of them the newer ones. anyway, they're quite good. i think if the average american drove an electric car, they'd probably like it that doesn't solve some of the other problems that come with it. but i still think that as a consumer experience, most people would enjoy it. and now when it comes, it is electric cars warn? are we seeing the supply chain issues that we are really seeing all around? are they having an impact physically on electric cars, on regular cars? how is that playing out right now? we've got about a 1000000. ok. well, it's impacting all cars. and so that's really important to know. we've got batteries supply issues as well. because remember, who is making, who controls the chip market, who controls the battery market, and that's china. so we have to keep that in mind. and then left,

there's some sort of eating on tariffs, which we don't see coming as of today. we're still going to have the same problem with chip shortage, battery issues, so it's equal across the board. but brian's right, there's going to be more plugin cars available, great fuel efficient cars, like a toyota prius. i mean, so those are the kind of things that consumers are looking at as gas prices increase. why it absolutely. if you brian point, they're about want to drive them. you're going to like, i'm, i remember i used to think, you know, test was, that was like, it's a kitty thing that people really like the 1st time i got in when i was like, okay, i say where people are on this for sure. brian moody, executive editor at auto trader and lauren to fix the car. thank you both so much. and the crypto world creep into the world. the professional sports opened a new chapter. this week as tara and the washington national professional baseball team have announced a deal that could see the use of crypto currency within the team's d. c. stadium, the sponsorship which was in for a price of $40000000.00. we'll see the teams home play

t v i. p club renamed the tara club for the next 5 years, so the move comes is a big win for the crypto spaces, tara will be nagging the v i. p. title from airline giant delta video also stands out as the 1st of its kind is tears holders democratically voted on the spot ship deal with the l m l b team. now i'm not saying that baseball isn't the most exciting sport in the world ever, but i am saying that when you watch it, some of those advertisements do kind of stand out to you a little bit more. would you say that's absolutely, and i think when you're talking about something behind home plate, you're always looking down that barrel during the telecast. so you're always going to see that terra logo, and i don't know about you. but sometimes that maybe just because of the curious nature of myself as if i don't know what a company is, i go, i pick up my phone, look it up right away. i think that's going to help her out lot. and i think the idea that they unseated delta in that position obviously was just who is willing to pay more. was very important here. yeah, absolutely. and it's starting really a new era for these companies. i knew all at times we see crypto dot com launcher.

now the tara club is going to be sending a lot more than google. absolutely. when it comes to the da, oh, the, the, what made that democratically chosen very fascinating stuff as well. but we'll do more on that in the coming weeks. that, that for this time you can catch boom bus on demand on the portable tv app available on smartphones, tablets, the google play in the apple app store by searching portable, portable tv can also be downloaded on samsung smart tv roku devices, or simply check it out that portable tv will see you next me i mediterranean is the world's most over fish, c unsustainable exploitation of its fish dogs, which maureen biodiversity undergoing threat a course. we sure gustavo says he cut our system. i'm not going to pull the

cookie careful with tech and want to put our lives despite the promise is to end over fishing by 2020. the situation is changing to slow. well, i'm very disappointed with the politicians that they basically in public interests. they also do know that in the middle of the fishes, the only interest of the fishery lobby on the face of the only one is in danger. the fisherman also at risk of losing all of them before they get to them about that i'm unable to get them with

john is not expressing itself from having this willingness to lead time to the culture. a china is still trying to learn from others and trying to do business with everybody, particularly with russia, with us, which the, you know, it's not how nation and this is something that the whole world needs to understand . china throw out this history. never has this experience of colonization never has experience or trying to bully others, always tried to make friends with ah, the democratic republic of congo is among the richest countries in the world and natural resources. but he can normally it's still one of the poorest cobalt is an

essential material in manufacturing batteries from modern devices like electric cars, mobile phones and computers. 60 percent of the world's cobalt reserves are in congo . 20 percent of it comes from small scale mines. unicef figures confirm that in 2017. more than $40000.00 children, worked in cobalt mining in the republic to earn a living and pay for schooling. next time you use a fancy gadget like a smartphone camera or laptop, and just remember that there's a chance it works thanks to a child hard labor children like john michelle henry at all countless others like them. join me every thursday on the alex salmon. sure. i'll be speaking to guess of the world politics sport business. i'm show business. i'll see you then. mm.

ah, 2 days of aerial carpet bombing is the imminent followed by a russian ground operation that would take care of the us. national security adviser speculates on moscow's moves with a startlingly precise prediction on a long awaited invasion. russia meanwhile, runs it's a coordinator political. it's on russia's figure. skating federation says it has no doubt camila valley ever is innocent of any wrongdoing. despite testing positive bond substance, the organization says it's investigating the circumstances surrounding the incident . close brushes. olympic committee is raising concerns over the timing of the test results that the sample was taken back in december.