l. l. c. octavio certainly, you know, we talk about these latest predictions, right? we were supposed to see a big recovery, certainly coming along in 2022. that seems to be now on hold. when say you well, i think making the focus about where economy is going to go with such precision to say i can get to right down to a 0 point. one percent of my full cost in these times is a bit of a fools error. and i think i think the best you can do the stage is to simply say there's also different scenarios. i don't know what's going on with the home icon. it might go up, it might go away quickly. i don't know what the federal reserve is going to do. exact was monetary policy with a impact on these things. so i think having one single very precise number in terms of focus for the it is a bit off the market. the 2nd thing the best you can do is just be very, very flexible and right and i'm it and i think is going to change rapidly and don't have too much listed in forecast that source. well certainly you know, here in the us we see businesses in restaurants and hotel. they have felt the impact all throughout 20202021. and now they're beginning to feel it again because we're seeing this resurgence not only of the crime, but a resurgence of some of the the locked down from the shutdowns. and really it depends on what city were talking about, right? because depending on where you are in the country, you're seeing a lot of shut down chicago, washington, d. c, for instance, are seen to be slipping back into a lot of this. whereas other parts of the country are not. now, the cdc has kinda been going through a process. it seems like a shortening the quarantine period in order to try to help stave off some of that. if you will, going into this next year. do you expect that we're going to slide back into a shut down mode for a lot of these communities and business communities, or do you think that there are want to be adaptations made in order to kind of prevent us from going back economically to where we were over the last 2 years. i do fear in a very real way. we are repeating 2020 and it feels very much like that. where the beginning of the stay is now we now have the convent. what we've seen happen in europe is the numbers have gone through the route from almost any country. you look at the, the case council going up way, way high. and it's not just a temporary short term for them. it seems to be actually finding what entrenched and it doesn't look like vaccinations of booster shots of done much to really help it. so if you look at come to like denmark, for example, where you see it got the highest infection rate in the world. now despite the fact that they are very high, the vaccination, honey boosted, so seems that the vaccinations and boots are not as effective against a we might have hoped. and so that's not going to be the way out. but i think yes, we're going to see this come to the u. s. the, the, these things are going to accelerate in the us as well, and seem to be on the uptake as well. and i think we can expect to see some very large numbers, most of it looks like as much of a multi tech, so things might work out there. but you asked about the cdc's requirements, and some of the quote on jane, and cutting that from 10 years back to 5. that's certainly going to be good economically. so you get those people who production more quickly and they're going to be out of the workforce for a short period of time. but does bring the risk that some people at the margin were not fully recovered or might still be infectious, but feel better than in fact other so it might have an effect on the infection rate and lead to higher numbers. but i think it's clear we're going to see more of the timing us cities and we're seeing the new york, i'm going to see it, i think around the country. you know, i tell you, i know that we've talked a lot about the federal reserve, about fiscal policy and everything that's been taking place for the last couple of years. it was expected that the fed was going to finally start rolling back. some of these pandemic policies that have been put into place in the new year and yet now that we see all that's going on with the talk of the crime and how that might impact not only the economy but it's impacting health policy. do you feel that the fed is still going to make plans to, to pay for all some of these programs, or are they going to stay the course at this point? as you have said in the past, the market obviously loves the fed intervention. but do you think that intervention is going to come to an end or at least be tapered or we're just going to go full steam ahead. straight into 2022. well i think what it means to say because that the fed has tapered a bit. so the purchase is not, not dramatic, not radically. they were buying $120000000000.00 worth of bonds and they've taken that down a bit. not that much. but what has not happened is that the bond market haven't bugs haven't moved. so if you look at the, the 10 year yield of the 30, the been pretty stable. so the 10 year there's a one point just under 1.5 percent and that hasn't budget for by the years, basically like it's in place. it was in, in march this year. so the bond market doesn't seem to really believe the fed will cut back it's purchasing dramatically. because if they started to think it was going to happen, well, interest rates will talk to shoot, harper, that would be really bad. the stock market, so it looks like the market is kind of calling the fed bluff and saying, we don't believe you're actually going to do this. you're not going to actually increase interest rate is a bond purchases. we believe going to karen going and that's can be very good for markets. i and i think the fed will season this opportunity to carry on these very easy monetary policy as into this year. and i'll say we can at this stage with part of the economy, shutting down again, the locals looming with a new variant on the horizon. we can't now take away the support, we have to keep it going, and i think that's what it's looking for. and that's why with a recent they've asked you this, we've seen the record highs in the market and we haven't seen the yields batch or china is emphasizing the need for stability in 2022. and we know, you know, that they obviously are calling for it, but what exactly that looks like, i don't think anyone's quite sure. it is expected to see more support from the p o . c, the people's bank of china. certainly. how do you see china specifically having an impact, especially when central banks around the world, they're looking to kind of pull back from this monetary support that's been in place. i give you the last word. well, it looks like the people's been good china, the previous is moving exactly the opposite direction about the central banks around the world. so the european central bank, the fed by giving it all talking about sort of some cut back on the bond purchases, enticing the militia policy, the peoples banker chinese and the opposite direction. let's say. first of all, earlier this month they said to the banks when to reduce the reserve requirements that pump smaller group in the market by allowing the banks to lend more. so the whole, you know, couple $100000000000.00 closing tomorrow that we eventually, it's not a very quick measure, but over time will increase the amount of liquid market and lending in the market. overly, if the banks are able to find people to lend, that's of course the other question. and they also cut certain interest rates by very small amounts. so that prime lending rate went down a bit and they re lending facility producers. it isn't straight. so the chinese are in the opposite direction of most other banks as business they were going to pump molecules in the market. and the reason is looking at, they basically a crashing real estate sector was very unhappy investors and trying to pop up in a way they can. so think we're going to reduce interest rates are going to probably business. but the changes that made of sort of very small of a sort of tiny steps and it looks like they think they can sort of find you in the way out of this and have very accurate mortgage in terms of how these markets work . i think they're gonna have to take course reaction, but the change they've made so far over the course this month, i think are an indication of things to come. they are going to loosen further. so they're not going to be satisfied just with the very, very small changes and interest rates. they're gonna have to go further to support the real estate market. so make sure that doesn't crash on on top of them are in the of obama. l. c. thanks so much for your insight. thank you. well, the on the on very and has continued to batter the airline industry. no question about that. another 2500 flights were canceled on tuesday with more than 5000 others delayed. and as you probably know, this happened all throughout the weekend and around christmas thousands, the passengers were left stranded since these mass cancellations 1st began, they began actually on christmas eve, they continued to the holiday weekend. the problems have been felt around the world and especially right here in the united states where the airlines that were already struggling to keep up are now facing major staffing shortages as sick calls are on the rights to discuss all the latest as former in csb official jamie finch. jamie, thanks so much for being here. we've talked about the airlines getting ready for the holiday season. so what exactly happened here? certainly we saw a mess over the, the christmas holiday. it's continue to the weekend. and

l. l. c. now, octavio, let's start with the latest on china. in the ever grants saga, the company we know has missed multiple payments are ready. so do you see the local government stepping in now having an impact at all on where this is going? well, i'm really not sure what the local government can do in this situation. i mean, ever grounds problems. first will extend outside of one region in china. there act throughout china, but the local government really is not able to do very much of that sort of maybe write some checks and, and do things not. so the real support is going to come from the central government in china and it from the people's bank of china is going to have to do something about the ever got is racked up and do something about that. the local government, i think, is a bit of a lost cause. it's good to talk and good to get some support moral support apps. but really in terms of taking on the level of debt that every brand is racked up, it's not going to be the local government's going to be able to take this on. and i would p

here and we'll all be waiting to see what chairman jerome pal houses say tomorrow. octavio mirandi of open this l. l. c. thank you for your time and insight. now if you are in the market for a new smartphone, you will likely find yourself choosing between the 2 major operating systems. ios used on i phones made by apple, an android which is owned by google. well, it's those 2 tech giants that are now the subject of a 445 page report from the u. case anti trust regulator, which describes the companies as having a vice like grip on the consumers who use their products, their report notes, a ways in which apple and google lock consumers into their ecosystems. encouraging users to choose their apps and making it difficult for 3rd party vendors and browsers to compete at all. now the anti trust regulator is accusing apple and google of limiting innovation and choice, which it says has an impact on millions of consumers in the u. k. a load this report is one of several from the you case competitions and markets authority, which is calling for the british government to give it more power to target tech giants

i've been moscow host, chris, the i and octavio marines, the ceo of openness, l. l. c. kristi. let's start with you here. now china has recently said that it wants to focus on stability and just about every aspect of its economy over the next year. is this move to lower? it's a benchmark rate part of that process. in a way, i guess the people thing to china implement was prudent monetary policy in order to stabilize the growth of credit in order to support the real economy. so they're currently focused on maintaining the quality at a reasonable and ample level while they're also undergoing the changes in a tiny credit amongst risky assets and investment, such as speculative real estate. so the low crime rate primarily affects corporate and household love. so by cutting and benchmark rate is tempting to keep enterprises financing costs at a lower level. china also now, but they will double down on financial support from micro small and medium sized enterprises. which unless that will help to cushion the current downward nomic pressure. because.

to a close to joining us on this gosh, i've been moscow host, christie, i and octavio marines, the ceo of openness, l l. c. kristi, let's start with you here. now china has recently said that it wants to focus on stability and just about every aspect of its economy over the next year. is this move to lower? it's a benchmark rate part of that process. in a way, i guess the people thing to china implement was prudent monetary policy in order to stabilize the growth of credit in order to support the real economy. so they're currently focused on maintaining the quality at a reasonable and ample level while they're also undergoing the changes in a tiny credit amongst risky assets and investment, such as speculative real estate. so the low crime rate primarily affects corporate and household loans. so by cutting a benchmark rate, it is tempting to keep enter the financing costs at a lower level. china also now, but they will double down on financial support from micro small and medium pipe enterprises. which, unless that will help to cushion the current downward nomic pressure. because while china was actually