analyst chrystia and ben swan chrystia let's start with you break down for us what's happening with big win here the correction that we're seeing. well i really wouldn't call this so much of a correction as it is a consolidation in the last couple of days we did see elevated levels of volatility that came from a massive unwinding of leverage across the board where several $1000000000.00 worth of future were just blown out 1st on the long side and then subsequently on the short side as a bolster claimed lost ground and squeeze the short sellers out so now we have some someones of you will bring him back in the market with funding rates are dropping back into the range of between one to 5 bits to normalcy so we see a bit more warming and ice and all they should and basing out the $35000.00 mark where this will be another medium term support level so consolidating this is a very healthy move for the market after that parabolic move $40000.00 so as such the timing of the big point pas in the rally also coincided with the uptick in the u.s. dollar coming on the back of items $1.00 trillion d

chrystia and c.e.o. of openness. octavia let's start with you let's start with the w e f what can we actually expect from the event and its call to action is anything actually going to come out of it this year where i do wonder how many people are really going to participate this year you know it's pretty boring at the best of times actually when you're in person i doubt many people will sit in front of video conferences for 5 days as they listen to different lectures but i think it does frequently have a big impact on many of the world's leaders coming together and discussing various issues and maybe coordination certain policies clearly at the top of the agenda this is going to be covert 19 in the response of that so i would expect them to be discussing some sort of global corporations a vaccine rollouts will probably see vaccine passports and things about come up they also talk a lot about the great reset as sort of a sense that monks many of these leaders this kind of elite who meet the something is awfully wrong

say little change actually comes from the annual event for this and more we're joined by co-host chrystia and c.e.o. of openness i'll see ottavio more and see ottavio let's start with you let's start with the. what can we actually expect from the event and its call to action is anything actually going to come out of it this year. well i do wonder how many people are really going to participate this year you know it's pretty boring at the best of times actually when you're in person i doubt many people will sit in front of video conferences for 5 days as they listen to different lectures but i think it does frequently have a big impact i mean many of the world's leaders coming together and discussing various issues and maybe coordination certain policies clearly at the top of the agenda this is going to be covert 19 in the response that.

many especially like we said with the high unemployment rate who who are dependent on these jobs chrystia back to these short squeezes really quick these continuing names like game stop express or bed bath and beyond and others who are who are the real winners and losers here i mean we have about a minute left. well right now we have one of the 1st biggest losers emerging melting capital was the 1st casualty of this bull raised suffering massive massive losses so they're set to receive about $2750000000.00 in capital injections from hedge fund didn't sit it out and went $72.00 which is basically a bail out so that melting can even pay down its margin call so essentially melbourne has now told a losses of 30 percent in just the 1st 3 weeks of one and 21 even though they started the year at 12500000000 and has been one of the best performing hedge funds on the street so right now it looks like in terms of winners and losers wall street is getting in the world by the gent the robin hood eat there is clearly a ginormous shift in power dynamics around and then acknowledge he has a sickly power

on it chrystia i ben let's start with you can you give us a rundown of how the economy did or didn't perform in 2020. yeah i mean as you said in the beginning here it's really no surprise that anybody the economy did not do well contract at 3.5 percent as you said the worst it's done since 1946 so it's been a long time since the economy's contracted that much in a single year and that came off of the 2.2 percent growth that we saw the year before in 1900 the bottom line here is this is basically every sector was down because of the coronavirus with the exception by the way of government government grew during this time when everything else is down that's always a bad recipe when you're talking about of a free market system or at least supposedly a free market system we'll talk about that in a minute but yeah i mean obviously everything contract because of coronavirus it's not really a surprise here the economy works we're thinking it's going to come back but a lot of that depends on the regulations that are put into place remember coronavirus did not cause the economy to to contract

to go up higher and sooner and hopefully that won't be the case some $33.00 more inflation what chrystia talked about the economy here and in terms of of job the nation's undergoing another major lockdown job opening declined 1.6 percent in the month of november how does that fare for the u.s. unemployment situation. so unemployment is definitely going to be a very big hurdle to clear especially as we have some $20000000.00 americans out of work so that's a very conservative estimate given the definition of unemployment according to the service which already disqualified those making any sort of income the matter how small so the hospitality and leisure and services industry took a big hit as it saw its 70 percent jump in layoffs for the month as a nation added more economic restrictions across the board it contains so total open positions decreased by $105000.00 in november which is a 3.9 percent fall from a year earlier and layoffs increased sharply from 17.6 percent in october to 1 point 68000000 so those job cuts were led by hospitality and through service industry which shed $263000

david mcmichael lanie chrystia i thank you so much for joining me today and breaking this down for us thank you sir thank you. that's it for this time catch boom bust on the man on the portable t.v. app which is available on smartphones and tablets through google play and the apple app store by searching portable t.v. or simply check it out at portable t.v. see you next time i. i i. i got this 8 millimeter film purely by accident. time period 963 to 65 place damascus. i don't don't know why young. i've watched it many times a man posing the monuments and all poster of the hollywood premiere of town without pity and a fight in a market so without bruises. i had my doubts if i should waste my time on this but i came back to that film over and over again tracing a sequence of events happening in syria at that time anderson those who worked there the moment i'm revealing the settlement in the crime in which you'll see neil curiosity is like a petrol motion machine did lives on without a lunch break and then suddenly i saw him stop let's take another look now at low speed this is key like

david mcmichael leni chrystia i thank you so much for joining me today and breaking this down for us thank you sir thank you. that's it for the time catch boom bust on the man on the portable t.v. app which is available on smartphones and tablets through google play and the apple app store by searching portable t.v. or simply check it out at portable t.v. . in the war in syria has lasted longer than world war 2. has been suffering the most in this almost undoubtedly long conflict regular syrian people. need is more than when you live in the premiership do it this way. i could see everything with my own eyes and hear the stories of its residents one group in particular russian wives of syrian man. they would do is to look up to his national just like it's. i got this 8 millimeter film purely by accident. time period 963 to 65 place damascus. i don't don't know why young. i've watched it many times a man posing the monuments and all poster of the hollywood premiere of town without pity and a fight and a mockery so without bruises. i had my doubts if i should waste my time on this but i

washington with president elect joe biden stimulus package for more we're joined by boone was co-host chrystia structure of trading research and education for a market gave dot com michelle schneider michelle let's start with you how much worse are things going to get before we turn the corner here and while the market seems to kind of shrug off these unemployment numbers with more stimulus around the corner how can the economy actually recover when so many americans are still out of work. well in terms of things getting worse i actually believe that what the market is trying to tell us bang us over the heads with is that things will improve so it's unfortunate that we saw those numbers today but they are lagging indicators so that's one thing to consider in terms of what needs to be done for the market and for the economy to grow from here if i didn't ministration call me today obviously this is would be a great question for somebody who trades because what i would say is besides obviously the stimulus that they're planning to do which we need especially for those who are still claiming unemp

money tree guide to growing your wealth and boom bust co-host christi thank you both for being here chrystia i really want to start with you here we've heard so much in the last 24 hours about what happened here in d.c. and many people call it an attack on democracy yet markets appear healthy in fact in the u.s. we're hitting fresh highs why is that. well i wouldn't exactly call the markets healthy but it is headache fresh eyes and some of the nasdaq topping over $13000.00 so the markets there are not looking at the protests at all they're looking at the fact that congress has confirmed the election of joe biden as president and as such this is this big uncertainty overhanging sentiment that just got lifted so now there's clarity and the markets like clarity and certainty still on top of that traders are also looking beyond to the increasing prospects for more successful stimulus so they don't care what happened in the capital yesterday to protest no matter how disturbing or shocking and look no matter how bad it looked as a public image it where i had absolutely no bearing on the direction

on it chrystia i ben let's start with you can you give us a rundown of how the economy did or didn't perform in 2020. yeah i mean as you said in the beginning here it's really no surprise that anybody the economy did not do well contract at 3.5 percent as you said the worst it's done since 1946 so it's been a long time since the economists contract that much in a single year and that came off of a 2.2 percent growth that we saw the year before in $1000.00 of the bottom line here is this is basically every sector was down because of the coronavirus with the exception by the way of government government grew during this time where everything else is down it's always a bad recipe when you're talking about of a free market system or at least supposedly a free market system we'll talk about that in a minute but yeah i mean obviously everything contracted because of coronavirus it's not really a surprise here the economy works we're thinking it's going to come back but a lot of that depends on the regulations that are put into place remember coronavirus did not cause the economy to to cont

also down the dow also stocks are at session lows is what we're seeing but chrystia i want to move on to the stimulus that's really been propping up the markets in the last couple weeks it looks like democrats are now preparing to pass a covert relief bill without republican votes or going for a nuclear vote is what they're looking at with a democratic seat and passing it and fitting all of their priorities into a final product. well the democrats have started to lay the groundwork now to pass the package without any republican votes through using budget reconciliation now this would allow the democrats to pass a bill by simple majority vote in the senate but republicans and a few democrats in congress have questioned the need to spend so much money in mailing just a month after a $900000000000.00 release plan became law so democratic leaders that congress should not repeat the mistakes of 20082009 when the lawmakers were too timid and responding to the global financial crisis however there's still a lot of pushback from both sides and this will not be an easy process for democrats be