Transcripts For RT Boom Bust 20240712

A packed show today so lets dive right in. And we lead the program here in the United States is the nation has once again set a record for a new daily cases of the coronavirus now officials reported more than 77000 new cases on thursday breaking the record for a single day surge by more than 10000 according to data from John Hopkins University now more than 900 deaths were also reported on thursday during an interview with the facebook founder Mark Zuckerberg the nations top Infectious Disease specialist dr anthony found she spoke about following guidelines to do everything in our power to limit the spread of the virus. Youve got to do wood correctly you cant jump over steps which is very perilous when you think about rebound and the proof of the pudding is look whats happened it really is no reason why were having 405060000 other than the fact that were not doing something correctly. And as we continue to see an increase in cases here in the u. S. I see you capacity is becoming a real issue on friday the director general of the World Health Organization spoke about the dangers frontline workers face. We all know oh field workers and you know to miss debt not just because they have cared for the sick but because they have their own lives in the line of duty so far about 10 percent of all cases globally out among Health Workers many Health Workers are also suffering physical and psychological exhaustion after months of working in extremely stressful environment. The director general added information about measures the organization is taking to support Health Care Workers including education and providing access to personal protective equipment. With all of this in mind lets go ahead and take a global look at the spread of the crowbars with our chief correspondent major where are we worldwide right now there is more than 14000000 people around the world with a come from cases now 8390000. 00 which have recovered and then theres more than 595000. 00 deaths now in the u. S. Its now over 3700000. 00 and counting and again deaths over 141000. 00 people have died now looking at the trend globally here is once again the top 10 countries affected in terms of new cases now the u. S. Of course is continuing to climb once again with new cases but also with deaths now brazil for the 1st time has surpassed 2000000. 00 cases and is averaging about 45000. 00 new cases per day now india right here is going up significantly you know it took india over 6 months to get 2500000 cases but less than 4 weeks to get to 1000000 now meanwhile russia now has reached over 760000 cases and has reported more than 65100 new cases per day south africa is also reporting a significant increase about 13000 cases per day and then higher than before now elsewhere mexico right now has the highest number of deaths in latin america after brazil and averaging more than 37000. 00 new cases per day peru on the other hand has the 5th highest number of cases in the world while in communities across Colombia Armed groups violently enforcing their own measures to prevent the spread of covert 19 and then in the middle east iran has announced that they once again are going to reinforce new restrictions in the capital city of tehran in response to a surge of cases lastly looking over at iraq which has recently made this top 10 list now although the number 23. 00 in countries with total cases there are now on this list for top 10. Moving back to the United States where about hotspots right now if youre in the states. Compared to exactly one month ago the number of new cases has now more than doubled now although the hardest hit ha spots remain to be california arizona texas and florida some other very startling numbers are merging from other states as well so 4 states. Nevada oregon and texas now said single day case records now meanwhile of florida South Carolina and texas they have 7 single day death records now looking over to weekly death death records theres alabama ira zona why idaho montana oregon and utah so in many of these states are you seeing right here behind me they were there that are seen the biggest increase are the ones that reopened much earlier compared to states like new york that in contrast has seen a 64 percent drop since last month so we obviously seeing right here the consequences of just opening up too early brunt. Theres also a report going around about the White House Coronavirus task force actually issuing a document saying that some states need to pull back their reopening plans what have you heard about this server and this is an unpublished white house report which was 1st obtained by the center for Public Integrity and now this report recommends the following 18 states right here that are in a krone virus red zone to go back to feeds one of lockdown additionally these 18 states right here should limit social gatherings to 10 people or fewer closed back places like bars and jams and for residents to wear masks at all times and brand this all comes as despite president insistence that state through open with a push to reopen schools even as cases are increasing what about the latest when it comes to the backs. Seeing that we have heard so much about especially over this last week so currently there is over 100. 00 vaccines under development around the world and there are 23. 00 vaccines in the clinical evaluation stage now and this week a list of 120 scientists including 50 nobel Prize Winners and an open letter theyve pleaded with the head of the National Institute of health here in the u. S. Calling for human trials that they say could be greatly a seller in the development of a vaccine now this letter is also notes that u. S. Lawmakers are also supporting his mood which would expose Healthy Volunteers to the virus to see whether the vaccines would actually work now additionally the Trump Administration has also created a project to develop a vaccine that has invested in nearly 4000000000. 00 in companies racing to come up with an effective vaccine brant r t correspondent sites have a thanks for keeping us up to date. And following up on this vaccine discussion as we reported earlier this week the National Institutes for health as well as vaccine makers are starting an important step in the process near the end of this month this will be a 30000 person study to prove if the shots that theyre giving are Strong Enough to prevent against the corona virus now we want to take a deep dive into this so lets bring in dr William Schaffner a vaccine specialist with the Vanderbilt University Medical Center dr schaffner its a pleasure to have you thank you so much for joining us today. My pleasure to be with you now i want to start with your thoughts on these latest moves regarding madonnas covert 1000 vaccine what do you make of the reports of the companys progress how important is this move towards human trials and how do these trials exactly work for the layman who maybe is not involved in this regularly. Sure well its a wonderful step forward the thing is one trial examined this vaccine about 50 people they were Young Healthy people and it showed that the end of body production they did the blood tests and afterwards was very brisk and then it all its a to doze vaccine and although there were some side effects some people had sieber and sore arms nonetheless there were no safety signals of note and the larger Clinical Trial is now started they intend to give this vaccine to about 3000. 00 people that is half the people who are actually in and half the people will get the placebo and then they will be followed for period of time to see who didnt get scolded and who will be protected which part of the population will be protected best and exactly how strong will this protection be and of course when you get the vaccine just so many people that should provide a limited reassurance about the bank sings safety. And i earlier this week the president actually spoke about something he titled the aptly operation warp sprint speed to bring the vaccine to market very very quickly what are your concerns or if any about pushing out a vaccine so quickly. Well quickly does not mean cutting corners what were doing in order to do it quickly is do something some wont in your sleep d that we used to do sequence for example just this madeira vaccine is undergoing the Clinical Trial we dont know whether it works yet but the government is investing your money in mind the taxpayers money is already beginning to manufacture the vaccine in the interest of patient but the vaccine will work if it doesnt work we have to tank what with the rest of it in and start over but if it does work by the time to try the trial over we will have a warehouse full of vaccine ready to go thats the way to the rich faster but dont cost any corners i mean is there a concern when you when youre talking about that and youre producing quickly if it is a complete wash if things dont work are we starting back from square one or are you saying that were kind of start from mid point because we kind of and well see what did work within those steps. Exactly well know some things that were in some things that didnt in the need to remember the story words there are over 100 maybe even a 160 scientific groups around the world also working your ground scenes we have some investments and some of those too were getting our best and so well see which of these cracks in the being more than one actually will work with like as many as possible because we have the entire worlds population to vaccinate. And now while were talking about these several companies in the u. S. And more worldwide like you just mentioned working towards us vaccine now is the current leading candidate because youre hearing a lot about them theres also a company here that maybe doesnt have is that far along called nova vax and theyre all receiving big money from the government to push this forward however the fact is these 2 companies have not brought a product to market in the past and now in your knowledge of this is this common that untested companies would be at the forefront of the development especially i mean obviously we havent seen this in our lifetime but of a pandemic that is ravaging the world. Its fascinating they dont have license vaccines but they have a great deal of background working on similar accedes remember kobe is one of these coronaviruses that has jumped from animal species to humans sars and mers were the predecessors they were on banks against those coronavirus an old rule that was as easy as went away the crew or the. Accidents were needed so they had and start working on these streets. And thats why the course runs very quickly but there are other companies that produce ranks in the past that are also working if they havent stopped and now i want to look ahead one more time you kind of mentioned this before when one of these countries actually does succeed in developing a working vaccine what is production going to look like and how fast are we going to be able to get it out to the public and especially i mean we obviously look at the United States but were talking about a World Population is going to need whatever working vaccine we have done. Exactly and so the vaccine will come on stream in the study session and then we will have to decide who should get the vaccine 1st and theres a very Good Committee working at the c. D. C. On exactly that issue working with medical ethicists at the sneaking time to decide who want to go 1st the money and 2nd etc etc so we do this you need very comprehensive and prove your intention and do it with great equity. Dr William Schaffner i still have so many more questions about this unfortunately we are out of time so hopefully we can bring you back soon to discuss this dr William Schaffner with the Vanderbilt University Medical Center thank you so much for your expert insight on this topic. Time now for a quick break but here because when we do return as some in the u. S. Leadership are rushing to reopen schools and the economy there is no talk from our ability we take a deep dive on the issue coming when we come back and as we go to break here are the numbers thats close. To. Join me every thursday on the alex salmond show and ill be speaking to us from the world of politics sport this list im sure ill see you then. Is anyone safe in the air a wrong way conservatives are the thought form then shadow better those with the easy ones now the mob is turning on its own long face demands conformity and does not bring dissent is freedom of speech now only for the. World all day traders now thats time. Yes got all that free money from the government as a lot of people speculate. During the vietnam war u. S. Forces. Are in laos it was a secret war. And for years the American People did not know. How much it is especially cattle country per capita. As Human History millions of unexploded bombs still in danger lives in this Small Agricultural country 200 i dont we dont. Even today kids that allows full victims of bombs dropped decades ago is the us making amends for the tragedy in laos built to the people need in that little. Global markets are mixed this week on surges in case of the coronavirus around the world how webre some were actually able to rebound on hopes of a possible back scene for cope at 19 lets start in russia where the mo x. Is down for the week of the week and on the fall in oil prices as opec plans to ease cuts and allow for more production while cases of the virus continue to spike in the nation moving over to asian markets the shanghai composite its down on the week with the worst weekly drop in 5 months now the index slid 4. 8 percent on thursday alone as u. S. President donald trump weighs a travel ban against members of the Chinese Communist party and their relatives lets go to hong kong the hung its down on the week with some volatile movement posting its worst decline in nearly 2 months now this all the spite china reporting a better than expected g. D. P. Concerns over resurgence of covert 1000 cases in the u. S. Could still slow the Global Economy which is to really affect hong kong here. In japan we actually get to our 1st green arrow for the week as the nikkei is up for the week now with some monthly highs the index jump following the announcement that the operator of the tokyo and osaka exchanges will join the index later this month but the index late on friday over fears of an increase spread in the virus over to india the sensex also rose on the week slightly gaining more than one percent the biggest winner on the week with Natural Gas Corp which jumped 5. 5 percent now the nifty also added more than one percent this week now the a. S. X. In australia it is slightly up for the week amid coronavirus concerns materials industrials and the metals and mining sectors all led those gains trading higher after fridays close moving to south africa the all share is down on the week as the countrys Consumer Price inflation fell to its lowest level since 2004 now the rand remained flat on friday as investors keep their eye on the impact of the coronavirus now lets go ahead and take a look at europe and the americas european markets are up as well and all eyes are on brussels where the 1st in person meeting is being held since the start of the pandemic to hammer out that giant 750000000000 euro relief package the meeting is expected to go through saturday evening in the u. K. The footsie is up as we just mentioned with its 1st weekly gain in 4 weeks despite the surge and coping 1000 cases investors are hopeful of more stimulus and that covert 19 vaccine that we just discussed now the german dax and the french they also finished the week in the green following similar trends lets move across the atlantic to brazil where the ebo best is also up on the week the rail outperformed expectations on the brazilian economy ministers proposal to potentially lower taxes and grant informal workers a 20 percent bonus over their earnings calling it a negative tax now this comes as the country has been ravaged by the pandemic moving. Mexico the b. M. V. Is also up on the week the Company Behind the index just released its latest Quarterly Results beating expectations with shares gaining more than 2 percent and here in the United States its kind of a mixed bag again now the nasdaq is actually down after a run that saw a record highs but netflix took a toll on the index as the streaming giant missed 2nd quarter profits and 3rd quarter guidance now the s. And p. And dow they are both up for the week both maintaining their bullish momentum and finishing things out the ts x. In toronto is also green on the week the index rallied on thursday on hopes of a Coronavirus Vaccine and held on to those gains on friday as investors kept their eyes on wall street and government aid to help the battered Global Economy and that is your Global Market walk and as we continue to follow economies reopening following these lock downs there are huge questions about legal liability now if schools open this fall if businesses reopen and customers get sick well who is legally liable that is a problem at some republican senators are trying to answer by creating legislation that would force all legal issues over coronavirus into federal court joining us now to discuss the bus cohosted investigative journalist ben swan. They have brian thanks for having me on now ben Senate Republicans are pushing to include this legislation in any future rounds of the stimulus act isnt that correct. Yeah thats exactly right so essentially right now as you know with all these lock downs being reinstituted across the country what does that mean that means businesses that were being allowed to slowly reopen are being told you can no longer reopen you have to requote and so as a result of that we have more people who are finding themselves out of work right now and they need help so what the Senate Majority leader Mitch Mcconnell is saying is that it is any bills come to the senate floor asking for additional help for us taxpayers to help you know stimulus additional stimulus money for Unemployment Benefits additional money for businesses anything that comes on the floor he says is going to have to include a Liability Law and it is essentially that Liability Law does this it offers Health Care Providers nonprofit organizations schools businesses it offers them a temporary Legal Protection if someone who is exposed to coronavirus chooses to sue them it takes away from state courts and it puts it in the federal courts. So what makes this Legal Protection different than what is already on the books i mean i mean how does that protect the business what why are there distinction between a federal or a local court. Well what this would do is it would actually set kind of a higher set of guidelines essentially for being held liable and one of the things that it does is it creates kind of a system that says this a business or a school would have to show that they did not follow with a reasonable action Public Health guidelines and instead demonstrated gross negligence and intentional misconduct thats according to a summary of it that was looked at and the white house is now reviewing so essentially saying this you would have to have gone way out of your way to cause people to become infected in order for that standard to be met to say that you were liable for it so what it does it is it significantly raises the responsibility and the proof the burden of proof on the defendant that the business or the school was really truly grossly negligent in harming them so this legislation is actually focus on creating a High Standard of proof for any personal injury claim in this situation and once the time period that this actually covers yes it actually is going to be kind of back dated all the way back to december of 2019 its going to last all the way through the year 2024 and again this is being set up in a way that that says to Business Owners if you go back to work of customers come back and do your business they can its not like a slip and fall you know somebody falls on a restaurant says now im going to sell you because you harm me essentially it says that the burden of proof would have to be very high for them to prove that you were negligent in what you did so the whole idea here is how do you get businesses started up again because as you probably know everybodys freaking out right now about this idea that theyre going to get sued i mean you have businesses that refuse to allow customers to come back in because theyre so afraid that somebody is going to say i got sick in your store i got sick in your business and therefore you are legally responsible this legislation would also app damages and really set a cap on them at a much lower rate you cant just open it up and say well whatever a jury. Well youre definitely going to see a lot of this because you do have situations especially in major cities across the United States where you might have large apartment complexes and things like that where you have you know hundreds of units made which can equal to into thousands of tenants and what youre seeing is they have to make decisions on how to reopen how to tell their tenants who say a lot of money to live in their place you know how to act and whether to wear a mask or whether to do whatever but if somebody gets sick in a common area area that could certainly be a big issue so this is going to be a lot over the next couple of years i do want to ask you this how does this legislation affect a Business Owner who is actually weigh whether to move forward. Well i think it would have a huge effect on look if this does become law is simply what youre doing is youre telling Business Owners number one just follow reasonable Public Health guidelines number 2 if you do follow those guidelines youre really not going to be liable because people are taking the decision to come into your place of business or if people send their kids back to schools theyre making that decision so what it would do is it would provide a level of protection that says essentially youre not going to be held liable if this happens i see think it would add a huge amount of confidence to businesses as they attempt to reopen allow customers into bring employees back a confidence that right now i dont think is in their boom bust coasted investigative journalist ben so were going to definitely have to keep an eye on this one and follow up because theres a lot here thanks for breaking it all down for us youve got to think sprint. And finally if youre like me you have an affinity for things that bring back in a style job your youth and the folks that intend to win lego have actually teamed up to bring back some great memories the latest product is a replica of the nintendo Entertainment System originally released in the us here in 1985 now the set design for adult lego builders is made up of more than 2600. 00 pieces to create the box the system a controller a game cartridge and an old school Retro Television that actually well plays a version of the classic super mario brothers game now the set launches the 1st of august and carries a well some would say half the price tag of 230. 00 and thats it for this time you get to bust on demand on the brand new portable t. V. App which is available on smartphones and tablets to the google play and Apple App Stores by searching portable t. V. Could also catch portable t. V. On brand new era newer samsung models smart t. V. s as well as roku devices or simply check it out at portable t. V. See you next time. The world fall of day traders now that stock trading is free and got all that free money from the government as a lot of people speculate. You cannot be both with the yeah you. During the vietnam war us forces are also bombs neighboring laos there was a secret war. And for years the American People did not know. How much it is officially mousepad rebound country per capita in all Human History millions of unexploded bombs still in danger lives in this Small Agricultural country Jordyn Wieber when it cannot happen. Even today kids in laos full victims of bombs dropped decades ago is the us making amends for the tragedy in laos what help do the people need in that little land on. This politically impossible in the United States to advise eating listen to anything that has an industry. That makes a lot of money. And going to say over and over again we know what it healthy diet is in these not being too much for one for one thing and eating less is very very dead for distance it doesnt make anybody read. Which is she believed leslie. That was how it. Was and. No russian actors involved the kremlin throws out the british claims that trying to hack covert 19 vaccines secret and also denies meddling in the u. K. s election last year which is being described as an almost certain. Truck in the pandemic the us is shocked as the largest single day number of coronavirus cases with over 77000. 00 infections are now increasing at around twice the rate seen in the 8 june. 3 French Police officers are indicted for manslaughter 6 months after a Delivery Driver died while being restrained in a chokehold. And a little meeting in moscow visit leaders hold the 1st face to face trial that info