how bad is it will joining us now to discuss this boom bust co-host an investigative journalist ben swan now ben let's start with what's causing the shortage in semiconductors and how big of a problem is this. well it's actually a huge problem right and if we go across the board looks to me conductor chips are used in all kinds of manufacturing all kinds of electronics from from consumer electronics p.c.'s and laptops and computers tablets smartphones all the way up to automobiles so you know we begin a lot of press about this over the last couple of days because you see ford and g.m. talking about the fact that they're going to have huge shortages they're going to shut down plants because they don't have enough semiconductors to run those plants in that case we're talking about you know possibly as much as a $6000000000.00 loss for the auto industry it's a very big deal there but we're talking about similar conductor chips you know the auto industry makes up about 8 percent of the semiconductor market 70 percent of the semiconductor market is smartphones it's laptops it's tablets so tho

baba over similar violations joining us now to discuss this boom bust host investigative journalist ben swan now ben let's start with this fine against ali baba what specifically was it for. a fine 2800000000 u.s. dollars is what it really comes down to for violating essentially chinese 80 trust laws since 2015 the idea here is that alibaba was forcing certain merchants to open up marketplaces or markets on their platform that as part of this is essentially you know forced movement it violated the law it's a principle in chinese markets called one from 2 and if i can share with you just real quick what that means it refers to this idea that merchants are forced to have exclusive partnerships with certain platforms like alibaba in order to operate on their site you can't just be on the site you have to have exclusivity on their site so it's something that exists kind of in the chinese marketplace pick one from 2 and the chinese government says that alibaba has been violating this principle since again 2015 so they issued a fine which really amounts to about 4 percent of the company's profits

the long run joining us now to break this down that boom bust co-host and investigative journalist ben swan now ben obviously a plan like this it's massive let's start with the issue of the taxes what kind of increase are we actually talking about here. yes so essentially this is kind of rolled out over a long period it's not going to happen immediately but the idea here is to propose increasing the corporate tax rate back to 28 percent to the level that it was at prior to the trump tax cuts that took place in what 2017th so they want to go back to the 28 percent tax rate they also want to increase the minimum tax on u.s. corporations to 21 percent so it would be a sizeable tax increase for corporations but really only sizable back to preach trumpet ministration levels on huge in that respect i think the one thing that's missing though out of this is how are you really going after those big multinational corporations that invade paying taxes we've heard criticisms of them for a long time brant talking about apple and amazon facebook companies that put their their headquarters overseas in pl

that they will use block chain technology joining us now to judges coast and block chain analyst ben swan now the concern for south korean officials is actually that people will counterfeit passports in order to gain entry into the country how does block change actually prevent this from happening. yeah i mean there's really 2 stories here right to one the story is the story of of the more al of the of it right whether or not it's right or wrong to do this in terms of vaccine passports but there's a 2nd story which is the technological story so let me set aside the ideological side of it and just talk about the technical side of it because it is pretty interesting we're talking about blocking technology because look for those who don't fully understand block and you think it's only connected to currency block chain is the technical side of crypto currencies that allows for an adjustable unfundable ledger to be created and placed on line that cannot be tampered with it cannot be altered it cannot be changed that's the power of blog change that's why it works in a currency as a peer to peer

joining us now to discuss this and other crypto related news boom bust co-hosts and crypto analyst ben swan and kristie i always a pleasure to talk these things over with you guys kristie i want to start with you why did this announcement by turkey cause a pullback on the bitcoin price. i'm going to come up a little best i can down 4 percent for recovering on friday after turkey central bank band or curtis society needs transactional risks so this is huge and basically made us additional assets cannot be used to regularly or indirectly to pay for goods and services and this decision could stall turkey's kamar which has gained a lot of momentum in recent months as investors have been looking to hedge against of the depreciation and also the inflation that top 16 percent last month but really this was just a quick spike down it was more some of the kneejerk reaction we've seen many tough regulatory currencies by major economies before like china but those bands are notoriously hard to enforce and so could the markets know this so they've all just like in the past shrug off such lose besides h

issue and now we're into the privacy aspect of a boom bust co-host and investigative journalist ben swan thank you so much for breaking it down for us thanks brooke. and opec plus producers have agreed to boost oil production over the next 3 months in hopes of increased demand as the vaccine roll out takes hold worldwide the increase comes due to a compromise between saudi arabia who look to maintain existing output levels and russia producers will add at least $350000.00 barrels per day in production in may in june and $450000.00 per day in july saudi arabia will also roll back its voluntarily cuts of 1000000 barrels per day put in place in january and in those cuts by the end of july so for more on the state of oil and what's moving markets on thursday let's bring in octavia moran the c.e.o. of optimist l.l.c. i said you're always a pleasure to have you on what was your takeaway from thursday's opec plus meetings and what is your outlook at oil at this point. well i think opec has been remarkably successful sort of fine tuning the price of oil and keep it in a very very narrow band and

sanctions and their economic impact let's bring in boom bust co-host and investigative journalist ben swan now ben in these sanctions they've sanctioned 6 russian companies they reportedly support russian spy services what else is involved in these sanctions. yeah it's as you mentioned it's sanctioning essentially these you know to number of companies but it's also same chain a series of other into jesus intially in russia that are accused of being involved in interference in the election this goes all the back to 2016 right so interference the 26th election as well as those they say are involved in this kind of cyber espionage we're talking about 100 private firms 10 intelligence officers on top of all that are going to be expelled from the united states and forced to leave the country because they say that those intelligence officers are working on behalf of the russians so. the whole thing is over cyber hacking is over the election interference you said at the beginning here president biden has said that he wants to or he's already had a phone call with president putin he says he wants

to say a worse article or it will get on the right track page co-hosted investigative journalist ben swan thank you so much. thanks. as the future of the johnson and johnson coping 1000 vaccine remains up in the air we're getting new data regarding the efficacy of one major vaccine used in the united states mcdermott said tuesday its bechstein was more than 90 percent effective at protecting against crowed a virus for up to 6 months after a patient receives a 2nd dose citing new data from a phase 3 clinical trial the company said the drug is 95 percent effective against severe disease over that same period of time but at a comes as more questions are being raised about just how long coated vaccination will last in patients for more on all this and the latest carbonite in case numbers let's bring in our key correspondent site after site brand you know what all this talk on vaccines i want to remind everyone that clip in 1000 is still growing significantly with more than 4400000 new cases reported just last week globally clay says cases climbed by 9 percent last week and that's the 7th cons

still not telling users if they were affected joining this cast co-host and investigative journalist ben swan all right ben let's start there why does facebook say it will not notify users well i think the main reason why is because there are a bunch of jerks but they're not going to call themselves that facebook has this horrific reputation as you know the way it treats its customers and its users it has no regard for them whatsoever they are the product that facebook has always selling selling to advertisers and so essentially what they say because that is said look we don't really have a reason to report that that happened all the way back years ago all the way back in 2019 really that was that long ago and then they act as if well because it was in 21000 there's no reason to share this with people yet happened we already plugged that vulnerability in so we got rid of it and we don't have an obligation they say to inform customers because they say personal information may have been accessed but no health information was accessed that would have a legal responsibility to notify users if the

departments across the country so joining me now to the best co-host and investigative journalist ben swan and cyber security expert morgan right ben let's start with you why does this legislation take aim specifically at the technology used by clearview a i. yeah a couple of reasons for that so rand paul the republican senator from kentucky and ron wyden the democratic senator from oregon are the ones behind this 4th amendment it's not for sale bill essentially though it focuses on clearview in part because that company has specifically gone out and it has scraped billions of photos across social media these are our photos from facebook and from instagram and even images from you tube they've gathered these these photos together they've compiled them into a database and then they sell that information to law enforcement who's trying to utilize it to essentially match it to suspects that they're looking for well again the reason that this is considered illegal the reason the bill is pushing to clarify that this is not legal is because it completely bypasses 4th amendment protections it ess

internet era it's all still with us today just like crypto currency will be tomorrow boom bust co-host ben swan and kristie i thank you so much for your excellent analysis today . has abided in ministration has the most nearly $2000000000.00 player to track new and more deadly covert notes invariance is the u.k. variant becomes the most common source of new cases here in the united states to go over the latest let's bring in our chief correspondent. serve brand globally the number of new cases per week has nearly doubled over the past 2 months now while the u.s. has the most cases in the world it's india and brazil that's driving the most new cases and that's right now just in the last 24 hours india has reported more than 300000 new cases and you know many experts predict that number is actually a lot higher than what's being reported now brazil is doing just as well you see those arrows there just going up where there are reported more than 100000 new cases now in the u.s. we're averaging about 71000 cases a day now that's still about 16000 higher than last week so we're as we're hearing all

us co-host sam crypto analysts ben swan and christy i chrystia i want to start with you is there actually a correlation here between that coin base i.p.o. and big wins new all time high. absolutely economists it's one of the main gateway companies that allows for u.s. citizens to buy crypto with the currency and as such coyness is the largest crypto currency exchange in the u.s. even though there are numerous other chains around the world considerably larger trading volumes and thus because of that its business is built almost entirely on the performance a bit coin and it's and thanks to this recent rally this has reported it 1800000000 dollars worth of revenue in the 1st quarter of 2021 so with this i.p.o. this has in a way legitimize krypto to wall street and to main street as well because an encrypted used to be viewed as these french assets that no one really understood and now it will debut on the nasdaq financial now use of $100000000000.00 so there are actually a couple is this could play out so firstly you have a ton of early investors in coin base those who are part of the see th