But 19 vaccine candidate showed an efficacy of 90 percent. The European Commission will sign a deal to secure up to 300000000 doses of the experimental drug. The president of the European Commission said they will authorize the deal on wednesday after quote, working tirelessly to secure doses of a potential vaccine. In the last few months. German health minister, yes. On tuesday had confirmed the block was ready to secure at least 200000000 doses of pfizers drug adding. They had also made deals with other drug makers. With bio in tech, as announced yesterday. You Commission President this vanderlei and we will be able to bring the negotiations to a conclusion very quickly. In any case, the mention of at least 200000000 doses for the European Union is secured. Now it just has to be finally secured in the contract. And meanwhile, biotechs head of strategy, Ryan Richardson was asked about profiting from the development a drug that receives funding from the German Government during a Financial Times conference on tuesday, saying the vaccine will be priced quote, well below typical market rates. So with all of this in mind, lets go ahead and take a look at the trends and spread of the virus globally with our 2 correspondents sigh, a savage or so. Where are we to this friend another bad day as we reach 51000000 confirmed cases, a worldwide. Now the u. S. Has already surpassed 10000000 and confirmed cases, and global deaths were at 1. 275000020 percent of which from the deaths are coming just from the u. S. As a new infections in the u. S. Have been spiking for weeks now, which brings me to the daily cases. On monday there were 830003553 that reported growing over 64 percent compared about a week ago. Now deaths on the other hand, are still been below their peak spring levels, but are still averaging about 800. 00 per day. Now, the number of hospitalizations, because one thing thats also a surge around 70 percent over the past 30 days. And right now there are over 63000, cold than 100 patients in hospitals across the u. S. , the highest number ever of in patients being treated for quarter 19. Now, europe is not in any better situation right right now. But while the u. S. Is on their 3rd wave, europe is currently undergoing their 2nd wave, and so more and more countries are going to lock down. The hungry and portugal are the latest employment. A lockdown greece implemented a 3 week lockdown, which started this week. France implemented a nationwide restriction on the end of october as the belgian and ireland. Now germanys locked down lights began last week with austria also following suit. And u. K. Prime minister boris johnson, also called for a 2nd lockdown in england, which also began last week and in country after country in europe. There are a very near running out of i. C. U. Beds to treat common 1000 patients, which is a red of the case for some countries like india and iran, which are turning away very ill covered 1000 patients because they just dont have the capacity to treat them. Right now it doesnt look like most countries have any type of long term prayer, and there is simply just trying to avoid the worst brant and so are we just talked about new treatments and whats going on in the vaccine race . Can you give us an update on vaccines being developed in the u. S. And when theyre expected to hit market . So currently there are 4 vaccines in a face 3 trials right over here. Now its 5, astra zeneca and johnson and johnson. Now a safe drug maker. Novaks, they expect to begin alair late stage trial in the u. S. By the end of the month. Now im a darn and pfizer, ahead with the other 3 companies and are seen as the most likely to get the fergusson vaccine approval. Plus, like you mentioned earlier, pfizer releases week their results from their face 3 vaccine trial, saying that the vaccine was more than 90 percent effective. But jess, when any of these vaccines might hit the market, thats still a very odd unknown and still remains unknown. I should say brand r. T. Correspondent, science editor. Thank you for keeping us up to date. And the dow rose again on tuesday, building out of sharp gains from the previous sessions as the big market rotation continues out of the names that thrived during the pandemic and into the stocks linked to an economic recovery. However, the s. And p. And nasdaq continue to struggle amid a sharp decline in major technique. So lets go ahead and take a look at whats driving markets with boom bust cohost, christine amazing director of the Market Gauge Group and author of the best selling book plate. Your money tree, a guide to growing your wealth. Michelle schneider. Thank you both for joining us. Today we always appreciate having you both on the show, michelle, i want to start with you. Do you think there is a divergence happening now between the nasdaq and the rest of the market and will this divergence, if there is one, continue through the end of the year . Yes, there definitely is a divergence. And i have to say as a student of what i call an economic modern family, where the russell 2000 represented the grand daddy of the family considering all 2000 stocks have presence in the United States and deal with the manufacturing of the supply side. The fact that were seeing the rotation into that area along with transportation and also a bit of retail. And most recently the banks means that the optimism, at least at this point, is real both fundamentally with the vaccine news. And also technically with the fact that we went through a week after the election and we broke out of that rain starting on yesterday with somewhat of a consolidation today. So i dont see any reason with a new administration coming in all the optimist network. You have considering that even though cases are increasing, were not really seeing any major talk of business shut down. Why it shouldnt continue through the rest of the year. And of course theres always things that kind of set that applecart, but for now, i would say long to your wrong in terms of the rotation. And chris, amid the big, the big buys, yesterday, we saw travel stocks actually making a little bit of a comeback. And Carnival Cruise lines has Just Announced a 1500000000. 00 Stock Offering just one day after his shares jumped the most on record. Whats the story there . Well, the entire cruise line industry has been absolutely decimated by copa 19. So after the pop we had yesterday, which was a massive relief for those being down names. Carnival is now taking full advantage of its stock and rushing to raise fresh capital. So as he said, its shares jumped by over 39 percent following the Pfizer Vaccine news, which is a new one day record for that. So carmel rush to capture this, likely by announcing this 1500000000 at the markets stock, offering Goldman Sachs and j. P. Morgan for general corporate purposes. So this news and the entire stock down over 5 percent lower on dilution. But now with this replenish war chest carnival can hopefully survive another wave of code in 1000 this winter. So i suspect we will see many more of these deep value stock, which was absolutely hammered by coded and then jumped on monday after the pfizer news to also follow suit, rush to market with similar at the market off raised in order to take advantage of this liquidity and market optimism while it lasts. So weve already seen as a do, it hurts attempted to do it, but really its going to get difficult as these Zombie Companies that really arent even operational right now. Try to issue more and more securities that really arent worth much. Now, one of wall streets favor i. P. O. Names for some reason. We just love talking about these types of companies. Beyond me is taking a hit tuesday as it fell 22 percent, despite the news that its now partnering with mcdonalds for a new make player product. Whats going on there . Well, i like your brand, its one of my favorite subjects to be on need. I was a big proponent of back down around 75. 00 and i personally am greek. And so i was thrilled to see him on the market that i can actually go to a restaurant and order. So, and i think that i represent, although i may have been involved in this megatrend way before most people are racially, its a megatrend in terms of plant based eating. So i dont believe that beyond meat is done. Now it got a bit of a shock after the confusion yesterday with whether or not it was actually affiliated with mcdonalds on its nick plant. It did. I love what i read this mixed race class. And that was because the sales were very disappointing, after expecting it to be much greater. So im looking at the stock right now. Im actually welcoming this correction. I believe 120. 00 is really going to be the pivotal area as we go through this week. If we hold 120, thats a good sign. If we break want 20, maybe we drop another 20. 00 to 35. 00, but at some point the bottom will be and, and it will be time to buy it again to his competitors out there. But still its sort of like i mentioned the granddaddy of economy in this case. This is really the granddaddy of consumer plan banks eating when you go out to a restaurant or by food in a supermarket. Absolutely, and it seems like theres definitely more Companies Like that coming along with the meatless meat for sure. Kristie, i want to know a last thing before the time here because it is continuous show strong momentum even after a major rally. How is this rally different from the one that we saw in 2017, where big point hit its all time highs and then subsequently came crashing down . Well back in 27000, the entire rally was based purely on speculation and excitement for basically what could be possible with blocking technology. So there was a ton of hype which led to fumble, and then you have a ton of uninformed greedy retailers who didnt know much plow their life savings into a thing that will be their golden ticket, that they could ride all the way up without being any wiser to the actual underlying technology. So this entire rally is very different because back then it was a lot of fear of missing out. But you can see through google trends and twitter searches which show what keywords are most search and trend. And then the entire complex crash when the very, very last fire was actually in, and there were no more additional buyers, no one left to hold the big pop table to throw to. So like back then today it is way more institutionalised high net wealth individuals buying big quite not retailers. So based on google trends, the interest is relatively low for the keyword bit quiet. While the on chain data actually shows a ton of accumulation by the quails. So the number of big point addresses holding more than 100. 00 big points have hit a new 7 month high at 16270. 00 as the total number of new wales have also increased. So this trend of wales and institutional front running Retail Investors is actually really optimistic because it shows that big client is still in the very early stages of this bull run. And these are the smart money guys, not the retail traders who will sell on a panic drop. So these guys are going to be who, what will make up the bedrock and the support levels going forward. So meanwhile, in Large Capital from new retail and Mainstream Investors have still yet to even enter the entire capital market. This time around, boom, bust cohost and crypto optimist, chrystia Michelle Bernard of the market group. Thank you both for joining us. Thank you. And Chinese Telecom giant weiwei is reportedly selling its budget brand smartphone unit honors sources. Familiar with the matter, told reuters the unit will be sold to the shenzhen government, Digital China, and others. The 15000000000. 00. All cash sale will include almost all assets, including brand, Brand Research and development capabilities, and supply chain management. Now this comes as u. S. Restrictions against weiwei have forced the company to focus on high end handsets and corporate oriented business. Main under distributor Digital China group will hold nearly a 15 percent stake of honor terminal, which was incorporated in april and is currently fully owned by while away. Digital china shares hit their maximum upper trading limit of 10 percent on the news. The sources said an announcement could come as soon as sunday. And meanwhile, china has launched the 1st experiment of 6 g. Satellite in a plan to roll out the next generation of ultra fast Network Technology in 10 years r t s. John hardy has more the university of Electronics Science and technology of china, along with the Chinese Embassy in the u. S. And Chinese State media. Posted this video of a rocket carrying 13 satellites into orbit november 6th. Among them, a 6 g. Testing satellite, it will reportedly test the technology of terahertz waves in space. A sensually terahertz waves are High Frequency radiation allowing data to travel at 50 gigabits a 2nd or 100 times faster than todays wireless technology. China is reportedly working with Telecommunications Specialists from other universities, institutions, and corporations worldwide to study the new technology to see if it works. The university of Electronics Science and technology of chinas website says it has educational and Research Collaborations with other universities worldwide, including a dozen american universities. So its unclear if any americans are involved in this project. Speaking of america though, its likely chinas latest rocket launch has the attention of the u. S. Government as well. Considering the rocket, also carry 10 other satellites with Remote Sensing technology to reportedly be used for crop Disaster Management and forest fire prevention, along with 2 other satellites to be used for in orbit experiments such as laser Data Transmission and earth observation. Chinas upping its space race by launching 32 rockets so far this year and could hit 40 by the end of the year. China led the world in launches both in 20182019. The countrys on when one probe is already on its way to mars, and china is also expected to launch another rocket this month carrying equipment to collect and return lunar samples for r. T. John honey. Its time now for a quick break, but hang here because when we were churning, ecommerce giant amazon is back in the crosshairs, across the atlantic, as the European Union has moved to open up. Yet another antitrust case, just on the other side, well look at the details of the case and what we could expect for amazon in the cold, 19 era. And as we go to break, here are the numbers at the close. The world is driven by a dream, shaped by saying we dare to ask seemed wrong, but all wrong, just dont call me old, but hes yet to shape out these days become agitated and in detroit equals betrayal. When so many find themselves worlds apart, we choose to look for common ground. He exclaimed joe biden, to be president elect come on group. Thats not how it works. Final vote tallies, make that determination, and we arent there yet. Close the election, free and fair, and what is the possibility . Half the country played the election. It was still kind of financial survival job today with all the Money Laundering 1st to visit this cash into 3 different. Oh good. This is a good start. Well, we have our 3 banks all set up here, maybe something in your something in america, something over the Cayman Island to do all these banks are complicit in their tough talker. Just after didnt call and say, hey, im ready to do some serious Money Laundering. Ok, lets see how we did while weve got a nice laundry watch for max. And for stacy, oh, beautiful jewelry. And how about the cookbook called luxury automobile . Again, for max, you know, what Money Laundering is highly illegal. Here for a bunch of guys who could this is a story of women and women with troubled histories and complex cold cases. You know, some of us did leave who lives out there where the person that shes innocent be considered the most dangerous of criminals. Shes innocent of all the 23 hours of the tell me that its not enough and its well, the women on death row are welcome back. Boeing stock was up as much as 6 percent on tuesday on the news that the f. A. A. Is in the last stages of reviewing changes to the 737. 00 max jet. Now reuters was the 1st to report the f. A. A. Could lift the grounding of the troubled jet. As soon as november 18th in a statement, f. A. A. Administrator, steve dixon said, quote, even though we are near the finish line, i will lift the grounding order only after Safety Experts are satisfied that the aircraft meets certification standards. Even after the f. A. A. Approves these new changes to the 737. 00, max airlines will still have to finish Software Updates and pilot trading a process which could take another month before the jet can fly again. Southwest airlines, the largest 737. 00 max operator, says quote, says it expects it will take several months to follow f. A. A. Requirements and doesnt plan on scheduling the jet until at least q 2 of 2021. Other regulators across the globe are expected to make similar decisions. Soon. The 737 max has been grounded since march of 2019 after 2 fatal crashes killed 346 people. Now its an accusation weve heard in the past. Leno were hearing it again as the European Union says ecommerce. Amazon violated antitrust laws by using independent sellers data for its own benefit. We analyzed a data sample covering covering over 80000000 transactions and more than 100000000 product listing on your european marketplaces. And our investigation shows that very granular, real time business states are relating to 3rd party sellers, listings and transactions on the i am some platform they exist to magically feeds into the algorithm of amazons retail business. It is based on these algorithms that amazon decides what you products to launch the price of each individual offer. The management of adventure is the choice of the best supplier for a product. And a, joining us now to discuss is boom, bust coast an investigative journalist, ben swine. But this seems pretty clear that the biggest problem is that amazon functions in a dual role. They are the marketplace and they are simultaneously a retailer. So what do you make of this . Yeah, i think thats exactly what the problem is. And its very interesting when you look at this report thats come out. Essentially what, you know, the e. U. Officials are saying they specifically look at 2 countries, france and germany for this report. They say france and germany are 2 of the biggest European Countries in terms of amazons presence. And what they also studied was the fact that amazon for its part has they say, stranglehold for lack of a better term on its own platform. So heres how it works. You have a 3rd party, mom and pop shop who comes to amazon and they sell products. The problem is that as the platform, theyre not just providing amazons not just providing a platform for these mom and pop shops to sell products. Theyre also directly competing with those Small Businesses by selling products themselves. But heres what theyre doing. According to this report, amazon is taking data from all these different shops, and theyre deciding which products are the most profitable, which products Consumers Want the most. Theyre basing their price points on what the works of these mom and pop shops and Small Businesses have already done. And amazon is essentially out selling a competitors on their own platform. So its more than just being a retailer. Put it this way. Amazon is the platform and the biggest competitor on their own platform to Small Business. And now amazon claims that it has the right to sell products just like anyone else and that they are not doing anything improper. What makes this such a problem in terms of antitrust when you look at it that way . Yes and listen absolutely, amazon does have a legal right to be able to sell the problem that the e. U. Is finding. Its not that amazon is selling problem that theyre finding is that amazon is using data to gather information. So the way it was put in this News Conference is like this. They say Small Businesses, if they decide to launch a product, have to do a lot of research, right . What kind of product are consumers looking for . They do a lot of spend a lot of time and money figuring out what the price point for those consumers is. They say that amazon doesnt do that work. Amazon is investing no time into research or development, and instead theyre utilizing the algorithms that they have set up to essentially look at data and decide based on what others are doing, what price point to set, and what kinds of products to set. Another fact that they gave in this News Conference, which was rick stream, the interesting to me is they say that amazon accounts for only about 10 percent of products on their entire platform in the most popular areas. However, in those areas, they account for more than 50 percent of all sales. So amazon knows exactly what products not to sell and what products are selling at the wrong price points. And its not dated. Theyre gathering because of work, theyre doing its work. Others are doing that amazon is unfairly taking and pulling data from and thats where it becomes antitrust. Ben, if im playing devils advocate here, you know, we say amazon obviously is saying they have the right to sell. But dont they also have the right to say, well, 5, we wont sell other peoples products. We could just make this all about us. We want to give them a marketplace. Obviously there are fees back and forth that were not talking about here, but couldnt they just do that . I mean, they already know kind of what the best sellers are. Thats why they push and thats why they buy the product to sell it. So couldnt they just do that and get out of this whole thing . Well, heres what they could do. They would have to say in certain categories, no one else is allowed to sell. They could do that. The problem is that, as i mentioned amazon accounts for a very small amount of the actual products that are on their platform. So theres a very small number that belong to amazon, but because they figured out which ones do well they account for most of the cells. Theres 2 other things too that i want to mention, as i know were going to be short on time here in a minute. But theres a new investigation thats being launched because of this last investigation into 2 areas. One is something called the buy box that amazon has on their home page. When you go on there is that by box set up in the upper, i believe its right hand corner of the page. And its where you buy immediately products that youre looking for. According to what these these investigators are finding. They believe that amazon has rigged their own algorithms so that the by box is unfairly skewed towards amazon products and not towards their competitors who are also their customers on their platform simultaneously. What theyve also found is that amazon prime and prime customers are, are seeing the most products. So if you are part of the crying deal in terms of the partnership, if youre a Small Business with amazon, amazon is doing another thing which is apparently using their algorithms, logistics and Delivery Services back towards amazon. So if you decide im going to use 3rd Party Delivery systems, not amazon directly, im going to use logistic systems that are separate from amazon. Amazon is varying the search results for you, and instead theyre giving a higher advantage to companies that use them. And again, this may be a whole other set of antitrust, again, unfairly treating those 3rd party groups better. We could do a whole show on this boom bust host, ben swan, thanks for breaking it down for us today. You got it and thats it for this time. You can catch boom bust on demand on the brand new portable t. V. s, which is available on smartphones and tablets there. Google play in the Apple App Store by searching portable t. V. But if you can also be downloaded on your model, fans smart t. V. s as well as roku devices or simply go to portable. T. V. Lets see you next time. Is your media a reflection of reality . In a world transformed what will make you feel safe . Isolation, whole community, are you going the right way or are you being that direct . What is true . What is faith . In the world corrupted, you need to descend to join us in the depths. Aura made in the shallowness tactics that can be used to get innocent people to confess, to crimes. They didnt commit. I dont even think people in the us really get that the police are allowed to lie to the person who falsely fast actually came to believe the lie that they were told about their own behavior. Once a false confession is taken, the case is closed and nobody really can tell the difference between a good confession and one that isnt what you people look for to see whether what were saying is actually playing out in the real world. And sort of thing to look at would be the u. S. Dollar versus the chinese or a big ok, thats the main forex pair thats going to tell you whats happening in the global economy. If this all this debt is going to trigger all this money printing, the dollar will start to drift lower and its already, you know, looking very weak. I think the last 4 years under theyve been able to kind of keep the propped up to a large degree. But i think maggie going to see a serious decline of the dollar to see the chinese currency start to really outperform the dollar. The impulse will suit was to be pushed into w. Lovable was she sure i can bench that would have been you can do that with us because all of those who do because those told me we will soon be confused with who would seem the most news for those emotions to be some of what is in your speech, come home and use the of the 20th century, was thinking of revolution, the Great Depression and world war, the 21st century of mental illness. Thats what surfaced. Some psychologists tell us the only question. It is a fact full bloods just a week after the u. S. President ial election set to be contested. In course democrats to open season on anyone whos ever supported donald trump with some even demanding the destruction of their rockers