Boom Bust: Xi status cemented in China & Rivian stock soars in trading

Chinese President Xi Jinping has been elevated to a level that only two previous leaders in the CCP’s history have reached. We discuss Xi’s new status and his warnings about growing tensions with the United States in Asia with Boom Bust’s Ben Swann and Christy Ai. And, as the United States continues to grapple with high inflation, how does the nation’s central bank plan to combat the spike? Former Fed insider Danielle DiMartino Booth fills us in on the state of the Federal Reserve. Then we bring you the hottest IPO listing on the market right now, as Rivian becomes one of the highest-valued car companies in the US. Michele Schneider of Market Gauge lends her insight into the EV frenzy.