Street iron and steel marine transportation and electric appliance issues led with these big gains in india the sun sets also up with a 5. 7 percent gain its biggest weekly gain in just 5 months will Index Heavyweight Reliance Industries and financial stocks led the benchmark investors are also celebrating that possible by the presidency another green arrow in australia where the a. S. X. Up to near 3 week highs gains in the gold medals and mining materials sectors all led those shares higher in south africa were seeing another green arrow for the all shares the rand rally going into friday on indications of that fight in possible victory in the us now to europe the cac and the dax how to a very good week despite the reintroduction of these coated lock downs across many play. Does in europe the french a significant recovery since stumbling admit october amid weak earning results and renewed lockdown measures the cac is up almost 400. 00 points for the week and the german dax is also up this week but we may soon see some levels of resistance now that germany has announced the imposition of month Long National walked around but will continue to put pressure on the benchmark darks 30 as local authorities keep the door open to extend those current restrictions if breaks arent successfully suppressed headed up to the u. K. The footsie is also up for the week and he brags that concerns dont seem to be slowing down the upward climb as a footsie has been up every single day this week ending the week about 400 points up from where it started jumping over to south america where brazils evo best buy it actually has also consistently climbed over the course of the week significantly up since election day here in the United States and coming up to north america and mexicos b. M. V. Is up for the week as are all the u. S. Indices including the nasdaq the dow and the s. And p. Its the same story in canada that weve been saying this this whole week with the ts x. Every single Stock Market Index that we follow here on boom bust in europe and the americas theyre all up this week its a month its also worth mentioning that many of these stocks may be rising as a result of what appears to be a presidency balance by a Republican Senate it also seems that tech stocks well they seem to be especially optimistic that could be an issue of belief that without President Trump in office antitrust suit wont go forward and that is a Global Market walk. Onto a huge story surrounding bitcoin no not this time not about skyrocketing of the Worlds Largest crypto currency above 15000. 00 but instead u. S. Government suing to take control of the forfeiture of over a 1000000000. 00 and big ones that once belonged to the online marketplace the silk road u. S. Authorities seized the Big Questions from an alleged stalker who had gained access to them identified in as statement as individual acts researcher elliptic flagged the crypto was on the move on tuesday crypt a researcher at chain analysis said that it assisted Law Enforcement in tracking down the funds lending its tools to help identify the largest cryptocurrency wallets with connections to silk road so crowed accounted for nearly 20 percent of total decline Economic Activity at its peak and 2013 according to chain Analysis Data well the silk road was an online marketplace which prosecutors claimed sold illegal and illicit products it was operated by Ross Albright from 2011 to 2013 silk road use bitcoins to generate the equivalent of 1200000000. 00 in illicit sales and 80000000. 00 and commissions in less than 3 years according to Court Documents that is albright was convicted in 215 by a new york federal jury of 7 criminal counts including conspiracy to distribute narcotics and money laundering. Yeah kristie i was going to join us about this and just a minute here to talk about a whole bunch of things including the silk road issue. But i got to say real quick about this you know if you consider the fact that number one for folks who dont realize this the silk road was absolutely instrumental in the development of bitcoin over time because even though one really has nothing to do with the with each other in terms of big point itself. The silk road gave a lot of the genesee to how you could use big corn in order to kind of get around existing systems having said that the feds have been chasing the silk road money for a very long time and the fact that theyre now connected to the socalled individual x. Who is found in these Court Filings it sounds to me like this is these are accounts that the federal government has access to and now theyre trying to say it was a hacker who was helping them but we cant identify the hacker to you so you dont really know who it is the whole thing seems as kids say they super sketched well lets bring in chris the i did talk about it because christie as i mentioned this has been for a long time kind of the holy grail for the i. R. S. A 1000000000. 00 in big corn somewhere out there somewhere sitting in the county that they cant quite find they cant quite access then all of a sudden we found it and these were apparently accounts that they didnt even know about until very recently how do you see it. So basically for 7 years this individual acts along with the feds the feds actually knew about this they count was actually revealed back in like 2013 bait folks sat and watched while it never moving out until this past tuesday as individual acts hubris triggering a Law Enforcement and at the time that that had no way of identifying the physical persona of this hacker so really what until this past week that the fund moved as individual acts was identified and forced to work at the coins to a government wallet on november 3rd so it is still kind of unclear why this investigation took more than 7 years to conclude or even how exactly and what hopefully the needle means iris news to persuade individual acts to turn over the money so speculators believe that this was actually tied to it. Which is an exchange that has been now shut down indicted and seniors and a perhaps and some sort of plea bargain offered up account information that put that on to individual x. s trial because initially after individual acts hacked into silk road he moved some of the portions onto the exchange so it was all marked a great heist being patient enough to see. And play chicken with the fed for 7 years and try to wait it all out but like all great highs there is always some and d that gives it all away christiane we wanted to go and market so theyre all rallying as we just heard in response to this possible possible bite in victory here on the bus weve talked about that either candidate would be victorious for wall street is that the case what are we seeing here. I think all straight is definitely winning with im a candidate but its a matter d of how much it winds crumple obviously be better for the stocks overall but with a bias when massive stimulus would likely offset any potential hike tax hikes planned for at least a few years so while he came into friday session basically riding a 4 day huge winning streak and major averages are on track for the best we can month and i think the market is now trying to get more comfortable with the outcome of a divided government or we see a continuation of a political gridlock so with the current price action its looking like it biden presidency with a Republican Senate that were seeing like hold back here today nothing drastic as some games are just taken off the table going into that weekend well kristie u. S. Job market numbers were also released on friday show the Unemployment Rate fell to 6. 9 percent employers actually added the 630000. 00 jobs last month this is the 6th straight monthly gain that were seeing what does this mean to see this upward trend when were also seeing this historic rise in coven 1000 cases as the United States reported another daily records. You know so this was actually a very unexpected beat here however it was kind of offset by a far bigger than expected drop in government payrolls was declined by 268000 of which half the dross were in federal jobs due to the loss of the temporary 2020 census workers so putting that into context the record postcode collapse in the u. S. Labor market has now been trans my more than half so the takeaway today is yes this is upward trend right now and job growth congratulations weve reached 6 weeks however job growth momentum has any quite a bit. So its still going to be a long hard slog to get back to where we were in and around policy yesterday that they were covering that was only half done. So its pretty good news but we always like to say good news is bad news in times like this because better payroll data also means less urgency for another round of stimulus and were and entire market has been banking on this package once in the past election or divided government and its not likely to be robust as we are and were still seeing a huge Unemployment Rate at this point still people filing for these jobless claims cohost christie i thank you for joining us today and for breaking it down. Now on the state of the election there are still 4 states really getting the most attention want to start today by talking about pennsylvania and whats happening there the state with 20 electoral votes president absolutely would have to win this state in order to stay in the race joe biden the former Vice President however is now in the lead with about 13000 votes it is an incredibly tight margin there there are still about 100 30000. 00 ballots being counted mail in and absentee ballots from overseas those mail in ballots are coming in from the heavily democratic counties in the philadelphia metro area also in Allegheny County thats home to pittsburgh so we should all should also mention that this is a site where there is going to be lawsuits certainly in the pennsylvania case in order to try to overturn some of the numbers there now lets move down to georgia another razor thin race right now joe biden took the lead overnight he has about 1500. 00 votes 1500. 00 so its virtually nothing this is almost a tie right now its about the size of a high school in many parts of the state as one election official put it so along with mail in ballots still being counted from those heavily democratic counties in the Atlanta Metro area in particular officials there are still waiting for about 8500 absentee ballots from overseas most of these ballots are military ballots and people working in government but with these margins the georgia said. Terry of state says that a recount is expected and by the way the deadline for those mail in ballots in georgia is 8 oclock tonight about nevada because right now the former Vice President biden he leads by about actually we were going to see 22000 votes right before we went on new numbers were added in the bad its now a 90000 vote lead for biden in nevada so he is now pulling further ahead most of those ballots are coming in from clark county that is the area around las vegas county election supervisor has said that nevada will begin of the even totals twice every day theyve already updated in the morning and then again this afternoon so right now as it stands about a 90000 vote lead for biden in nevada if he gets the better 6 electoral votes there is enough to give him the 270 he needs to become president elect and then i want to quickly talk about arizona because were closely watching this state this is a state the called for Vice President former Vice President biden on Election Night but not all those votes have been counted about 32400000 votes still outstanding bidens lead has been narrowing there he currently leads by about 46000 votes with 90 percent of the vote in heres the thing the Trump Campaign claims they have enough votes to overtake that lead they believe they can do so if that were to happen thats a big if it would actually take 11 of the electoral votes out of the biden column and move them into a trump column but still at this point the path seems much stronger for Vice President and we want to turn. Right now the lawsuit that we possibly are looking at President Donald Trump has been casting doubt on the legitimacy of american Voting System and making broad accusations of voter fraud now now that now that the results are coming in and it looks like trump will be a one term president the campaign has filed these numerous lawsuits in battleground states contesting the result legal journalist and contributor with an action where molly barrows joins us to break it down molly good to see you how many lawsuits are we looking at here and really what is the basis of. Well theres 5 main lawsuits right now although you do have hundreds of others that have been filed over many weeks by both democratic and republican parties but its mostly over the rules that were changed in regards to the coronavirus so these other 5 had been filed by the Trump Campaign you know theyve even though trumps been all over twitter and all over his soundbites saying voter fraud Election Fraud you name it the basis of these 5 lawsuits actually is really more about the vote counting process not one of them actually mentions voter fraud so thats interesting there is one suing pennsylvania that they are basically its already it was already in existence it was filed by other republican candidates that was basically contesting the fact that the state Supreme Court allowed them to count and include votes that were postmarked by election day but you know they couldnt start counting them after they arrive like maybe they were postmarked by election day but they didnt actually ride by election day the state Supreme Court allowed them to count those and so these other republican legislatures were like hey we dont like this in the Trump Campaign is requesting that they join that lawsuit and thats the one that potentially be heard by the Supreme Court so youve got those 5 main lawsuits right now and not one of them actually alleges voter fraud which i think is so interesting its more about the process molly about 5 pm in a federal judge will hear the case being made by the Trump Campaign and the centrally there to allegations it seems there one is that 3000 ballots were filed by people who do not have residency have not lived in the state theres an explanation for that apparently and that 10000 ballots so far they say were submitted by they were fake ballots submitted by people who are no longer alive is the claim theyre making the accusation is one thing proving the accusation in court in front of a judge is a whole other thing where do you see this go in as it goes before a federal judge today. Well i dont i havent seen those particular lawsuits ben but i tell you every single one that they filed so far has pretty much been dismissed and there was another one in nevada that basically the Supreme Court rejected a lawsuit there that they had filed d over one countys method to verify mail in ballots they said they didnt leave enough room for people to observe and thats been the basis for a few lawsuits and they actually won one in pennsylvania they wanted more space one of their people to be able to observe it a little bit closer so in that case they did get a ruling where the pennsylvania courts there said ok you can stand 6 feet behind the people that are vote counting those votes to observe and make sure theyre handling it properly so its going to be interesting thats been the pattern i mean every single one of these suits thats been filed whether its nevada there was another one in michigan over the vote counting process that was dismissed also in georgia you had a case that was dismissed that was alleging workers were mixing in illegitimate late arriving ballots with ones that did arrive on time and so that was dismissed because of what you just said there was no proof so theyre making a lot of these allegations in these important states which is what a lot of legal experts think the reason theyre doing that in these swing states because they want to slow the process even if they dont have the proof you didnt have the evidence they want to take up time in delaying the counting of these votes because as you weve all talked about theyre likely going to be heavily democratic all time and money here we did just hear a little bit ago that the r. And c. Is now seeking to raise up to 60000000. 00 to fund some of these legal challenges over election are we going to see just the are in here we are is going to come out of the taxpayer how is this going to work. Thats a great question and you know we have to end up funding all these fabulous lawsuits because essentially thats what it sounds like i mean every legal expert you talk to says there is voter fraud is virtually nonexistent but you know the Trump Campaign has created so Much Division so much talk of it with no proof that people are wound up it wouldnt surprise me at all if there isnt funding thats provided this way but then youre going to see the kick you know the response on the other side whether its the Democratic Party or if its the a. C. L. U. Or various you know civil Rights Groups theyre going to jump up and say hey were not going to law you to do that people need the right to vote and basically what whats happening with all these lawsuits whoever pays for it were going to pay for it with the mistrust of the public and the electoral system i think thats ultimately the goal to cast doubt upon the you know to cast doubt on these results so that the Trump Campaign can say this was stolen from us but it is its expensive and time and its expensive in money and and it certainly isnt benefiting the American People to have to its already so contentious why wait and why put us through this even more the language and more molly barrows thanks so much for breaking this down for us good to see you. Good to see you too sarah thanks. Well talk now for a quick break but stick around because when we come back were going to update you on the possible outcomes of the election and whether or not we could see even more gridlock and maybe even cooperation on capitol hill in the middle of this economic crisis and as we go to break you are the members of the globe. All the while the way off you go down with the white. House although i dont think. That. All men. Are one of. 6 6 anybody who thinks that because by just won the election we are problems are over that is simply not true the problems were there before present trunk theyre not going away you have problems for the economy in the long room youre going to have huge debt to pay for the things youre going to do we still have a problem in the United States which raises too many young are going to. Jails are going possessions etc so those problems are there or. Simply a life you dont produce not does not. Welcome back it looks like despite all the concern of a contested election wall street is loving it theyre loving it this week we have seen the stock market skyrocket on news of the election is it because wall street is happy with the possible election of joe biden or is it that republicans hold the senate which means that even with a possible President Biden not much is going to change joining us not just the host of new is the news who is here on our Team Americas got to know you scottie the heavy here so what about that if republicans hold the senate and right now it looks pretty likely theyre going to does that mean no Green New Deal no rolling back the tax cuts etc basically is that what the markets are responding to right now saying for us its business as usual. Well thats the thing ive been and sarah to be honest with you the markets love when we have a divided government because usually that means the government is out of the markets business and i think that actually usually helps them the more you can have the government removed from it so yes i think that is why the markets are responding because right now outside of we are watching thom tillis is very similar carolina to make sure that the republicans are able to hold on to the senate and then you do have truly a divided checks and balances type of government what i think our forefathers wanted us to have and the governor and you are seeing that response the market more government regulations usually do not work well for the businesses and so they know that if the democrats to control the house the senate and the white house there will be more of those restrictions put into place and a lot of those dont do well for some of these businesses those thats one of the good things that i think republicans can agree on the president trying to try to do is roll back some of that government regulation that was put in under obama got it i want talk about stimulus now we know that since the end of july obviously both parties have been trying to come to an agreement they could and after having talks for multiple months what are the chances that there is theres going to be an agreement now. Well thats the thing you know we still dont have until january 20th when the President Biden would be inaugurated thats 2 months as weve seen with President Trump he could possibly try to push through a lot of legislation including a stimulus bill because as we know the American People cannot wait until january to get some sort of relief so i would be kind of surprised the question is what would that bill look like in this case but i think you will see there would they have to come to an agreement that is one of the reasons why i think were seeing this type of shake up the democrats are not happy they did not get the blue wave completely that they wanted and republicans are obviously not happy because theyre going to lose control of the white house in this case so theyre going to have to Work Together because they realize 2 years is going to come really quick at this stage and what we saw what happened or needs obama back in 2010 he was brought in in 2008 with a Democrat Senate and house but because of the actions the republicans took over in congress and that did not work well for obama for his remainder of years is going to want to ask you too about this issue of Tech Companies you know the Tech Companies have come under a lot of fire it seems like its one of the things the democrats and republicans have been able to agree on weve got a lot of talk about antitrust but they dont seem to be able to agree on is in what area to take Tech Companies to task and so in this instance ive seen a lot over the last 24 hours or so saying tech stocks are going to do great if we have a President Biden and a Republican Senate because essentially no ones watching them theyre going to keep doing what theyve been doing and any talk of antitrust lawsuits any talk of being able to control essentially those things stocks right facebook and google and Twitter Apple all that talk goes away if we have a President Biden and a Republican Senate and they get to do what they want for the next 4 years what are you. Well thats the thing ben i do agree that the beltway versus big tech and the environment becomes less only us here in washington d. C. Obviously a lot of people feel like the take is one of the reason why joe biden was able to win that was one of the big used vehicles this campaign season. As people were having to be socially distance apart they still had to get their message out so big tech was a big part of this campaign and we do think you will see less less cases being brought against big tech right now you have the d. O. J. Versus google we think those sorts of things will be kind of pushed aside as well as any other cases that republicans have threatened so i do think that big tech will be able to grow underneath joe biden but once again biden ministration a democrat controlled but to be interesting to see republicans were very angry including senator ted cruz its going to be interesting to see because this is a winning issue for republicans to continue to motivate their base the polls in 2 years is they say theyre going to continue to buy big tech even if they dont necessarily have all the tools they can to fight them scott it will be very interesting especially because of Senate Majority leader mcconnell and the relationship that he has with Vice President joe biden some say that they are a power couple and may be able to Work Together which can happen but we can only hope for that arties host of news views hughes cutting out hughes good to see you my friend. Thats all for now catch boom bust on demand on the portable t. V. Up available on your apple and Android Devices or simply check it out at portable dot tv im sorry and i will see you next time. Youll be a reflection of the realities. In the world transformed. What will make you feel safe. Isolation community. Are you going the right way or are you. What is true what is faith. In a world corrupted you need to descend. To join us in the depths. Or remain in the shallowness. Sputnik 5 has the world. Just like its namesake the original sputnik. The 1st draft of a to leave. Orbit the world. Many questions remain unanswered of russias new vaccine the authorities are confident enough to go forward with mass production. Of explosions for. What the family states please when you feel well enough. To receive. Interest preliminary requests. Billions those. For see. This is happening. The window and the reaction has been exactly the same as it was way back. Machine us. The world reaction is made of green cheese. But. Its. Youll have a final declaration. Of victory yet. But the numbers josephs clear were going to win this race stopping short of declaring victory Democrat Joe Biden says he is on track for the white house passes clean states though continue to count votes meanwhile President Trump isnt giving up the oval Office Without a fight insisting that biden hasnt won and thats raunch lawsuits over the late ballots plus is it the worlds greatest democracy we gauge International Reaction to the chaos that has been unfolding in the United States while on the streets of america itself we get the views of new yorkers this claims of fraud hangover