a miss with this is been bus going visit. you can't afford to man, i'm rachel blevins and i bridge a board washington. here's what we have coming up. germany says it is putting the nordstrom to pipeline on hold of the us and its allies and out of breath, round of sanctions against russia. we'll discuss the latest floods in response to the latest tension. oil prices are getting even close to hitting $100.00 per barrel . we'll take a look at the factors driving the latest rally and who would benefit from it. then as much as in the u. s. and taking a dive, going to start the year. investors are looking for other options. we'll take a look at the next frontier for investing in collectible. we have a lot to get to, so let's go. we leave the program with the latest on the increasing tension between

russia and nato. the u. s. and its european allies are now instituting a host of sanctions against russia. after president putin confirmed on monday that he would recognize the independence of the 2 provinces in the dark mass region, which broke away from ukraine back in 2014. on tuesday afternoon, u. s. president joe biden announced a new set of sanctions which take aim at russian banks. and what he characterized as the nations elites were implementing full blocking sanctions on 2 large russian financial institutions, v b and their military back reprimand copper sanctions on russia's sovereign debt. that means we've cut off russian government from western finances. it can no longer raise money from the west and cannot trade in its new debt. and our markets, or european markets, either starting tomorrow and continued in the days ahead,

will also impose sanctions on russia's leads and their family members. they share in the crop gains of the criminal policy and to share the pain as well. meanwhile, the u. s. foreign policy chief said the block has agreed to impose sections of its own against russia, which could be aimed at limiting access to european financial market, as well as targeting officials directly this after german chancellor off shops. and now that germany was suspend certification of the north stream to pipeline how it has been done today, i asked the federal ministry of economics to withdraw the existing report on the analysis of the security of supply at the federal network agency. this sounds technical, but it is the necessary administrative legal step to ensure that no certification of the pipeline can now take place. and without that certification nord stream, too, cannot go into operation at all, and shows and biden are not alone. here. u. k. prime minister boris johnson also announce sanctions against russian banks and individuals. last night,

president putin flagrantly violated the makes peace agreements by recognizing the supposed independence of the psycho people's republics of de nits and lou hadn't any sin ukraine in a single inflammatory speech. he denied that you crave had any tradition of genuine statehood, claimed that it posed a direct threat to the security of russia and hold numerous of the false accusations and dispersed and had obviously a lot to go over here. and joining us now to do so, our boom bus co host investigative journalist, ben swan, and professor douglas got 3 of thunderbird school of global management at arizona state university. thank you both for joining us today to talk about this. but i want to start with you because i know you've been covering this heavily. the north stream to project is worth about $11000000000.00. it was finished in september, but it stood idle pending certification by germany and the european union. now

looks like that certifications would be solved indefinitely. correct? yeah, it certainly does. i think this was pretty much something that we knew was coming. we talked about this over the last couple of weeks. looked north stream to has been held up for some time as it is, they have not been able to get certification. it was supposed to happen in the beginning of this year. first quarter. they got pushed to the middle of the year. and then till late in the year, and now it's indefinitely on hold. again, not really a surprise. this would happen. obviously, germany is under immense pressure from nato and from the united states to not certify in north stream to will be interesting to see is i don't think it will happen at all. by the way this year in 2022 will be interesting. that will be to see what happens to gas prices and energy prices across europe, as we had into the fall in the winter of this year. and how long this last because one thing that was said through the midst of all this is that president putin has promised to not restrict the amount of oil that's been promised to european countries. he's going to keep that coming in. that's what he says. i think he probably will do that. the question is,

what will the price of it be and how will that price impact germany and other economies? remember, germany gets half of all of their oil directly from russia, and all of europe gets about 40 percent of their natural gas from europe. and that's the primary way by which they, they heat their homes. so it will be interesting to see how this plays out, how the u. s. gets involved and whether or not other countries like cutter get an opportunity to get involved in this space as well. and certainly for those civilians who have just gone through this incredibly tough winter with skyrocketing energy prices. they don't want to be looking at another one. now professor got 3. speaking of those civilians, i mean we're talking about really a host of sanctions here. first, it started out with the u. s. targeting those 2 republic republics and eastern ukraine and now it's gone on to now target russia. and now we know that when it comes distinctions a typically hit civilians the hardest. so what kind of an impact are these measures likely to have your well, if we're talking about, i mean, i think ben said it really well in terms of just, you know,

this has been an ongoing crisis and energy price that had risen in the united states the gas prices got up and places have gone up, and of course that ends up hitting the, the people of lesser means the most and of course exceed a tumble in the doubt and duster elaborate for the case. if the question is more about, how much does this hit the citizens of russia? you know, i think they've been brave for this for a long time. i mean, i think these sanctions look like they're going to be much more serious than the sanctions that were put in place in 2014. but you know, like, glamour putting has, has endured himself from these issues. and so he's, i think he's protected. i think, you know, russian people are going to suffer. probably germans won't suffer that much in the short run because it's been pointed out. this is already been sold for a long time. and then in the us, we're just going to see continuing, rising inflation and gas prices and you know, maybe the national average won't,

won't do as well. but, you know, i think for the u. s. and it's relations around the world. i think things are going to be okay, and i think this is particularly important because it shows biden's leadership and it being able to bring really bring nato countries together. and certainly this conflict is nothing new. it seems to be just a new era in which we're talking about the same tensions ramping up once again. and the united states has signaled that it was going to ramp up tensions with russia and also with china, which brings us to our next question. now ben, china's on board to be united nations on monday, called for all parties to exercise restraint and avoid fueling tension. but he stop or but they stop short of condemning russia. was that expected given their own recent pipeline deal with russia? their recent pipeline deal? yes, also the fact that china just within the last 24 hours issued their own sanctions against 2 u. s. military contractors including raytheon. and so they're going to be buying

weapons from who probably, and presumably russia, one of the things that we have to remember here is that there's a lot of talk on both sides. your, china's already made it pretty clear that when it comes to this, this position on ukraine, they're going to back russia for the most part though they are talking about coming down and rationing things down. but i got to say guys listening to the president speak today and what he had to say, i think there were a lot of mixed messages coming out of this. it seems like he clearly said, we're not going to have military conflict with russia. that's good news. by the way, that should have been good for markets. then he turned around and said, oh, and by the way, gas prices are probably going up here in the u. s. as well, it's prudent fault. i think that's why we saw the del tumbled today is because, obviously whenever they're talking, the energy prices coming up. that's not a good thing. but the other thing is this, and we talk about this on the show all the time. this president, as any american president would, has a lot of authority and sway to be able to dictate the direction of energy prices in this country just by making a statement because the energy market is so speculative. he didn't do that and said

he walked away from the podium as if there is nothing we can do about it. and we here in the united states are also at the mercy of russia and their energy output. so the fact that he did that i thought was a bad sign and probably part of the reason that we saw the markets or the tao at least respond the way that it did. absolutely not professor got there before we go . i mean, i know you do a lot of focus with china when it comes to trade and business. and we've heard concerns that these us tensions with china and russia will push the 2 nations towards further economic cooperation together. for instance, if russia were to say, be cut off from the switch banking system, they would work with china to circumvent that. do you see that rip with the west bringing the 2 closer? it's a really interesting question and i think the optics of it are little deceiving because you can ping while he really likes himself in the position of strong men of orator and leader who can do whatever he wants. then you've been planning it away from the west by building the belt and road initiative for the last 8 years. were married.

the united states and china cannot do without each other. and when you think about the 2 single largest born investors in china, in the world, they're called test an apple. and these countries not only create literally, i mean, these companies not only create millions of jobs in china and or tens of billions of dollars into the country each. but they're also doing a tremendous amount in technology transfer for the building by chance. and so i think she can pick, trying to thread the needle and look a little threatening like i can give it away and i can get closer to president putin. but if there's going to reach a point and you might, you might sources and china are just very clear that if she, jim thing goes too far and he's already gone very aggressively against the platform . and you know, alibaba 10 cent. and if he goes too far in really kind of the eroding what the benefits are for his common prosperity moment movement, which is about the employment of those millions and millions of people in the supply chain, it's going to be too much for him. so i think if there's optics here,

but then there's a reality. yes, it may be the case that china may try to help president putin psalm and maybe there will be some financing issues. but i'm just a little less concerned about this dramatic pivot away from the united states were too much economically better with each other. absolutely interesting perspective, but it's been swan and professor douglas got 3 of arizona state university. unfortunately, we have to go there. thank you. so much from the impact of natural gas to soaring oil prices were quickly closing in on $100.00 per barrel in response to rising tension. this week international benchmark brent crude had a 7 year high of $99.00 per barrel for about falling back to around $96.00. on tuesday. this as west texas intermediate was around $92.00 per barrel. while oil prices are setting off alarms for some opec plus has made it clear that it has no plan to increase production, pass its current quarter, especially at some cartel members have failed to produce the additional 400000

barrels per day in recent month. now the energy ministers of saudi arabia and iraq have said they're just fine with sticking to the current plan, indicating that they're also not too worried about oil hitting $100.00 per barrel. but the u. e. z energy minister is arguing that the market isn't under supplied at all, and that is the current tension driving up prices. now, as we've noted earlier in the show when it comes to those tensions, we know that we have the u. s. p u k. and the you moving forward with sanctions against russia falling its recognition of the don bass region. all of that is raising concerns that the u. s. could make it increasingly difficult for other nations to work with russia, which is the world's 2nd largest oil ex, border accounting for 10 percent of all global supply. joining us now to discuss all the latest or boom most co host christy i and josh young chief investment officer in founder of bison interest. it's great to have you both on the show today . joshua, let's start with you and i know that we've seen oil prices skyrocket over the last

year as demand came roaring back while supply has lag behind. so what do you make of the continued response from opec clause in which the top producers don't seem to be too concerned about oil heading $100.00 per barrel? yes, a great question. um, so it looks like they might actually not be able to produce as much as they're saying. and so their lack of concern from one perspective might also just be that they're getting close to producing their full spare capacity. and so if they just can't produce more than, of course, the not going to be that concerned, they're going to be excited about getting to sell whatever oil they're able to sell for as higher prices. they're able to sell. i absolutely. 3 kristi, given the better of these current tensions, they're growing, concerned that if the us and its allies target russia with sanctions, it could lead to an energy crisis. similar to what we've seen earlier this year. how much of a role does russia play in the oil market? right now, i mean russia plays

a huge role in the energy market and especially now as demand for oil has outpaced production growth. this makes it a complete producers market. so if sanctions would to be put in place, then russia would still be able to sell us oil to countries that refuse to abide by the sanctions. and they will do pretty well with the price spike. but the us would also be in a tight spot because as of late 2021, the u. s. what's important about $8500000.00 barrels per day of crude from canada, mexico, russia, and saudi arabia, respectively. so russia supplied about 7 percent of us crude oil imports in 2021. so a lot of those barrels would hurt, but it wouldn't be too bad compared to europe and asia who rely heavily on russia. overall, russia was about a 3rd of european natural gas consumption used for winter heating, as well as electricity and industrial production. and that you also turn to russia for more than a quarter of it's crude oil imports, which is the block single largest energy source. so the market is worry that few countries will have the spare capacity that can help absorb any shocks to oil

market. and the big question is how will europe be supplied with fuel if sanctions were imposed and booting responds with gas cut off. so the white house is spearheading efforts to redirect introduce applies to europe, but any solution will come at a painfully high cost you your p n 2 are ready, badly inflation themselves. and josh, i mean, how do you see the u. a. e claim that you political tensions are having the biggest impact on oil prices than not that the market is not under supplied. i mean, what you actually said there was, they might not be able to actually even meet their supply goals at this point. so we're already been on the road to record prices long before this week or even the last couple of months. yeah, i think this is geopolitical risk aspect. i mean, maybe it's pricing in a few dollars a barrel. but what we've seen is inventories globally have fallen tremendously for oil. and so as inventories fall, the natural movement for the prices to rise. and what we haven't seen is

a huge increase in rig counts and we haven't seen a huge increase in production. we've seen a bigger increase in consumption and production. and so just naturally from an economic perspective, as your consumption grows and your production doesn't grow enough, you're going to see prices go higher and it looks like prices might go much higher even now. and i know that we've seen that push really globally to try to push towards more cleaner energy sources. and now christy here in the united states, of course, president biden says he is doing everything in his power to lower both oil prices, answering gas prices here in the us. but given the fact that his administration is discouraged, you as production while being the leading country to threaten sanctions against russia and to move forward with those plans, which of course would impact global supply. what's the overall takeaway here? we've got about a minute left. well the overall take away is that he's actually not doing everything in his power to low oil prices at all because the biggest thing for him to do is to ease restrictions on us producers. that's actually the easiest thing

for him to do. but that hasn't happened yet, and now instead of actually fixing the problem, all the messaging and all the rhetoric is now redirecting the blame of high oil prices to russia. so it's turning into a massive blame game. and russia has become an easy target for americans now to blame for high oil prices, even though the reality is much more complex than that. it's much easier to point the finger at a single source than to explain to people that the high oil prices are to be blamed on the ramp and inflation bad policy and a nonsensical green political agenda. so people like and easy to understand, answer, and this way by shifting the blamed who russia biden, and the administration will not be blamed for the americans who are self at the gas pump. now then thus, christy i and josh young of bison interest. thank you both for your time and as i thank you and time now for a quick break. but when we come back with equities in the us taking it, hit the start of the year and investors are looking for other options. could

investing in sneakers be the future. we're going to bring you that story as we go to break your the numbers at the clues. oh, more than 20 years of since one of the world's deadliest terrorist attacks that took thousands of lives, people started to scream. there was a wave that came over us that was like opening up an oven door. not all wounds healed. the survivors and respond does have increased rates of cancer and other health issues. due to the dust and chemicals they inhaled. i come here to get my

blood cleaned out, the metals, a lot of blood and lab work in terms of 1st responder was well over a 100001st responders. and there was some estimates that tend to 20 percent still have to yes, we have a cheese full recovery. it's like a minute i have with friends. i thought i was home before this really home was your appreciate. it was a financial survival guide. daisy, let's learn about be allowed. let's say i'm a true i get and you're great. i'm grief on banks of the fight. wall street, god, thank you for helping with joy.

that's right. fell out slavery. ah . the the the well go back with the advent of items like alan keyes and the idea of decentralized atomic organizations buying high ticket items like an original print of the us

constitution or more recently attempting to show out $4000000000.00 for the nfl. denver broncos. the concept of investment has become much more broad and there is a trend that has come up in recent years that revolves around fractional ownership . essentially how this works is investors put down a small amount of money to own shares in a highly sought after collectible, like say, cars, vintage video games, sports cards, comic books, bottles of whiskey and even limited edition and extremely rare sneakers. in fact, last year to be auctioned off a pair of prototype night air unions that were warned by kanye west at the grammys . for $1800000.00 or the buyer. that was a company called rares, which sells fractional ownership shares in collectible sneakers joining us now to discuss this story is warmer head up a player and ceo of rares drones that drug. thank you so much for coming out to talk about this issue of a bit of a sneaker had myself tried to explain to rachel. i would like some people. it's a utility, some people, it's a lifestyle, it's

a culture. and so that's kind of where we are on this. we tried to explain fractional ownership there. how does all this work with your sneaker fios and just how liquid of an investment is this? well, 1st of all, thanks for having me. the 2nd thing is, sneakers have appreciated faster than gold. the s and p 500 and even apple stock consistently over the past decade. so what rams is allowing, anyone to do is invest in the appreciation of the speakers on average, collectible param, air jordans will yield you to a 98 percent return on average. and that obviously out perform the stock market in many other traditional security. so rather just career marketplace allows you to in the appreciation of collectible sneakers. wow. so we should have all just been investing and figuring out what are we doing, wasting our golden stock market. my goodness. alright. so really talks about the fractional ownership being qualified by the fcc. so what does that mean exactly?

for investors in a pair of sneakers that actually means security. all of our makers are regulated and qualified through the fcc. our company is regulated by the end. so what that means is, every speaker we put on our platform has to go through a regulatory process with the securities and exchange commission. and what we do then is the speaker in 2000 shares and allow individuals access to the shares be a fraction of ownership. so we go through a normal ideal process, the same, i think process, the traditional stocks and other security go through on traditional exchanges. and we allow people to invest in sneakers and by susan. and the thought of that is the only sneakers we put on our platform, historically have appreciated, and appreciated in big ways. so we're allowing individual now individuals now to invest in depreciation of these meters. the cool thing is most people have a certain familiarity with sneakers,

even if you don't know how the value appreciation occurs, why it occurs sneakers or something that you can digest easily digest connectivity to. so for a lot of our investors, this is the 1st time they've ever invested in any security. so why not invest in something you're familiar with that also, by the way, you know, from a historical standpoint, i'm giving you a 98 percent return on your investment. oh absolutely. they say invest in what you know, and if you know sneakers, if you know, collectibles, this is the route to go. and i don't want to be too negative with you jerome. but i gotta ask, what happens if the bottom falls out of the market? and the retail price of these rare shoes kind of dies is that just the risk you take with any investment you know, i mean that is a great question. that is something that we have disclaimers for these are real securities. so just like in a security, the negative can occur, the market can fall out and you lose money and, and we give those, this kind of, on our platform. however, the safest investment or the,

the asset class that has been appreciating has been doing the best of all alternative asset classes, are smith is not just small period of time. but historically, over the past 30 years, sneakers have been appreciated. so the likelihood of, of the bottom falling out sort of think of this, all that aspect class is very unlikely. however, we do have to make a note that that is a possibility, very unlikely, but it is a possibility. yeah, absolutely, especially any investment is going to come with risk. now i'm curious, how did you get to all of those? i mean, how did being a high level athlete that eventually played in the ball, prepare you to start your own business, especially something that may be hard to wrap your head around at 1st in a business that you're probably having to explain again and again and again, that in the great question i guess is the question. so in between when i was in the nfl a place where the ravens on the cold and why my teammates are in the off season, going to different places actually got my m b a at harvard business school. so i

was on my way to class at harvard business school. ready someone actually step by selectable here doing the live and i remember wiping them off and thinking there's gotta be a better way to derive value out of these collectible sneakers than having to physically own them and where they'll allow stuff like this to happen. so at that moment, all the way to class and concern the sneakers into an investable asset class like a stock, and allow people to have fractional ownership. and so just like any other traditional company, when the value of the company rises, so does the value of the shares, an owner that company. and it's the same premise for sneakers and a lot of people will, i will, i was value calculated will. scarcity. nike does an amazing job of controlling supply and demand, meaning they only supply a little bit of this asset and you know, no matter very, which creates scarcity, which obviously creates value. and that's where the values are paid. and why that industry is such a good investment? absolutely. don't want anybody scaffold those concord 11 jerome that theo, of rare,

thank you for joining us today. and that's that for the time you get boom box on portable tv at portable dot tv. well see you next me ah, ah, i was thinking somehow i had to come back because mom was waiting for me. i just knew that everything would be fine. for some reason you were so confident because we were going to get married officially after he came back. how could he not come back because the mere thought of it never crossed her remind the militants decided to try and break through it. i heard you guinea ab screaming grenade, google. woo! woo! explosion blew him. we'll run his bag beulah

a little and it was all over the ocean. we know that our comrades and our commander won't leave us yet. no matter how tough it gets. where team there interval. if jenny was a senior in his military trio video, he knew that if he didn't smother that grenade with his body more, if his comrades would die, he gave his own life to save his friends. oh when i was showing wrong, when i just don't know, i mean you well yes to see out disdain becomes the advocate. an engagement equals the trail. when so many find themselves wilson born, we choose to look for common ground.

join me every thursday on the alex, simon should always be who the guess in the world of politics, sport business. i'm show business. i'll see you then. mm ah with

ah, boss leaders. so euclidean full use of stem job truss called a shell flash in russia. recognized the new republic's behead of the don't as people's republic denies western revolts of russian troops entering the area while saying they could be brought in. if the conflict escalate. further. western powers hate russia with the wave of sanctions. while moscow says soaring energy products. these are going to hunt consumers worldwide. ah, well.