At the oxford astra. Zeneca vaccine has shown from it. Should have been bring you up to speed plus as market top of the optimism for a covert vaccine. The treasury has halted extensions for emergency relief programs. When to break that down, what that could mean for a swift economic recovery and later tensions continue to rise between the United States and china. As the white house is mulling, new moves against the peoples republic with a packed show today. So lets dive right in. And we leave the program with more positive news in the development of a coping 1000. 00 vaccine after zeneca on monday said late stage trials of its vaccine can it showed it was 90 percent effective, becoming the 3rd drug maker to report similar results. Now the drug which is being developed with Oxford University has long been seen as one of the top contenders in the vaccine race. Now during a Video Conference call, representatives from astra zeneca and Oxford University spoke about distribution and how Competition Among back seem developers was actually welcome. And weve always known that we dont need multiple that scenes for the world because no one develops and i will manufacture is going to be able to be easy enough to cover everywhere. And so having multiple back scenes and basically with different Manufacturing Technologies and technology sector, the manufacturers globally and distribute it likely thats really important. Sometimes to court finger the competition. But if you are the capacity, the highs are the nonce plus the name, or there are an answer capacity because our capacity, which is much bigger, the 3 of us dont even have enough thanks in part of directions for the world. So youre not, were going to have to worry hard to reduce your imo and then we would need more expense. So theres no competition really we need as many years we can. So weve worked, you know, so efficient number of people who are well, so we stop this and him. And meanwhile, German Health minister jaenisch barn on monday said with model vaccine carriers showing good results. The country could start covert vaccination before the end of the year. There is good reason to believe that we can begin vaccinating you at the beginning of next year at the latest, perhaps even already at the end of this year. And because of those miners overall from my point of view, the Important Message during these difficult times is that there is a way out and were on a good way out. And here in the us, the chief scientific officer of the white house is operation warp speed program, shared similar sentiment telling c. N. N. The 1st indications could happen by mid december after pfizer in bio in tech specs in cant, it receives emergency approval. So with all of this in mind, lets go ahead and take a look at the trends and spread of the virus globally with r. T. Correspondent saya tablature. So where are we on monday . So right now, brian cowen, 1000, is continuing to spread across the world with almost 60000000 cases. In 190 countries and almost 1400000, thats the u. S. They have the highest number of infections in the world with more than 12000000 cases. And the spread of the virus is showing no signs of slowing down now with just one week of november left to go. The u. S. Has already had the highest monthly case total. You know, on sunday we had over 141000. 00 cases, which is actually likely much higher since official cowans are usually slow to report coming out of the weekend. And while this is the 3rd wave that hit the u. S. Just this year, one major difference is that this time its affecting every single region the same time. Now take a look here. So at the moment the worst outbreaks are here right here in the midwest in the middle rural states, which had avoided a wide brakes on till recently, meaning that there were very fewer restrictions put in place. But now as conditions have gone a lot of worse states like iowa and north dakota, theyve just ordered residents to wear masks while new curfews have just been imposed in states like ohio well and much of california. Now, despite progress being made in fighting infections, the number of daily new deaths in the u. S. Are also again on the rise. You know, on average, were seeing about a 1000 people dying every day in america. And sick patients are also once again over loading u. S. Hospitals in record numbers and brand. While theres obviously been some positive news on the act of vaccine from the user spoke about specially that a vaccine might be distributed to americans as early as next month. But even if the person vaccine is authorized, lets say in mid december, official estimate that theres only going to be about enough doses to cheat about 22000000 americans by january. Since each vaccine requires 2 doses separated by several weeks. So times are going to tell if cases will continue to grow and just how many more deaths will occur before theres enough vaccine for everyone. Which, you know, your point is very important that the more vaccine candidates that are out there, theyre better. So there could be enough vaccine for everyone. Brant, whats the situation in europe right now . So in total, europe has registered some 16000000 cases and almost 360000 deaths in europe is certainly, theyre not out of the woods. They have one person dying every 17 seconds from quoting 1000 right. Now, heres some of the top 5 countries right now. In the u. K. , they have had the highest death toll in europe so far. And now theyre in the midst of a 2nd National Lockdown, but there are encouraging signs that the number of cases are starting to flatten. So the next step there is to have a partial lockdown, which means there is only going to happen the lockdown in places that have higher cases. Now, while in italy, there are daily dealt death, tolls have been the highest in europe over recent days. And they also had blood the increase in hospitals, i should say arc exactly the opposite. Theyre starting to slow down and day to have just some partial actions around italy where theres hot spots. Then there is germany. Theyve imposed a month long lockdown light to contain a 2nd wave of the virus, but infection numbers have not declined in germany. So theyve just decided to extend that untold december 20th in france, where a president and is due to speak on tuesday. The expectation there is that nonessential stores will reopen in early december, but limits on movement will remain in place for some time. Now. Finally, in bulgaria, after the country and forest, a very strict lock down in the spring, and they largely actually contain the spread of the virus. But theyre now confronting a surge in infections thats really straining, i should say, and already very underfunded health care. And you know, just over the past 2 weeks, boag areas of mortality rate has become the 3rd highest in europe, followed by after action, Czech Republic and belgium. So theres also talks of another National Lockdown being once again imposed in bulgaria. Now obviously theres a lot more going on in europe, but this is just one highlight of some of the latest developments happening. Brant arche, correspondent, sites ever thank you so much for keeping us up to date. And in the wake of the latest round of vaccine news, u. S. Equities are mostly muted monday with the dow seeing some moderate gains while the s. And p. And nasdaq, theyre just about flat. So lets go out and take a look at the markets with michelle snyder. The managing director of the Market Gauge Group and author of the best selling book, your money tree, a guide to growing your wealth. Michelle, now, ive got to write a business here. It seems like in the past weve seen that vaccine bump in markets. Every time we hear about a candidate showing a strong efficacy, but we didnt see that so much today. Whats the difference with this announcement coming from astra zeneca at oxford . Well, 1st of all i would actually correct that somewhat to say it depends on where you look because there were certain sectors that very, very well today in hopes that seemed creating more of an economic recovery. And the Small Cap Index also did very well. Outperform the other 3 indices. So i, there was an impact on the market for sure. In terms of the actual stock itself. Looking at seneca, you have a couple of problems. 1st of all they, they dont really know how much its going to be able to provide code yet. Theyre still working with the dosing. There was a report that it would be only 70 percent effective versus 90 percent effective, which madonna came out with. But theres good news, theyll be a wider rollout. So that could be a good thing. And also with the refrigeration, where it can be actually refrigerated where the drugs from a dern are have to be at 70 below centigrade and then brought to temperature just moments before somebody is vaccinated. So this is all what people look at when theyre looking at the stock. A probably the biggest factor that went into ashes anika today is the fact that theyre saying they dont care about profitability while a pandemic is going on. They just want to get the drug out there so that i think was the biggest impact. And ive been watching all 3 and 5 or is well. And just from an investors standpoint, its interesting because you have the durned are obviously made new high. Yes. It gapped up on that news a week ago. And now were having an inside week. So were sitting right about that high that could take it to another leg up or down. Were right in the middle with pfizer was sort of trading in a range between 35. 38 after it had its initial pop. So that also has some work to do either break 35. 00 a clear 38. 00 that can go back up to 42. 00 are higher. And then if you look at a seneca, its trading between 54. 58. So these are ranges that i think that the investors will be watching to see which way they go. And now michelle, we got a bigger how would a shopping week starting the National Retail Federation Said monday, it expects holiday sales to rise between 3. 6 and 5. 2 percent this year for year over year. That is to say, now that would bring in sales as much as 766000000000. 00 during the season. Amid the pandemic, were still seeing millions unemployed and a lack of another stimulus package here in the United States. What are you seeing in the Retail Sector right now . Well, whats interesting about the Retail Sector is that it doesnt necessarily, oh, is not, are how much consumers vine gets what they use to pay for it. And there was an interesting survey that came out that said 65 percent of consumers right now have not put aside any money for the holidays. So what are they planning to do . Theyre planning to increase their Credit Card Debt. Now happily Credit Card Debt had actually gone down because of travel and leisure earlier in the air. But now the anticipation is that that can go up when you have an older generation thats already taking their debt into their retirement. So thats kind of the backdrop. But looking at it right now, if you look at the stocks again, from an investor perspective, some of these Retail Stocks have just gone bizerk and there are a lot more on tap for reporting today. I know we have dollar tree coming up best buy nordstrom. Macys reported terribly, but then rocketed. Targets doing great cosco. So at this point right now, retail sales is looking good. But i would be a little bit concerned about what we just talked about is what happens in the future when we start to see those debt numbers rise. Michel, thank you so much for your excellent insight today. Thank you so much, brant. And as we talk about markets, we want to follow up on a story from last week. You can remember u. S. Treasury secretary Steven Nugent called on the Federal Reserve to return roughly 455000000000 dollars in unused funding from the Central Banks Lending Program set to expire on the 31st of december, the fed chair, drone pow on friday said they will return the funding. But criticize the move as premature. So what effect will this have on the ongoing economic recovery . Well, to discuss, lets go ahead and bring in former fed insider and c. E. O. Quayle, intelligence danielle de martino booth. Now, danielle, were going to get to that and kind of around this big story that we have breaking news within the last hour. I wanted to hit on this janet yellen. It appears that Vice President elect. That is to say, joe biden is going to name janet yellen, former fed chair as the next treasury secretary, when he assumes office in january. What do you make of this announcement . Well, you know, this is, this is, this is president biden, president elect biden. It is, it is hands trying to stay with the team of people with whom hes familiar. I can understand that. But this is a disastrous move. I have to be highly critical. I took 2 and a half years out of my life to write set up. A lot of the criticism in that book was, was, was focused on janet yellen and the slowest most normalization process in the history of the Federal Reserve that left the bubble in its wake that jay powell inherited such that he was not able to, to raise Interest Rates to a normal level, he was not able to shrink the feds Balance Sheet again because janet yellen refused to normalize policy to raise Interest Rates to tight monetary policy. When the, when the opportunity afforded her to do so, when the economy was on Strong Enough footing to do what we talked about this story that we led this segment with regarding treasury secretary minucci and kind of pulling back this funding from the Federal Reserve. Now how is janet yellen a former fed chair going to work with current fed chair powell, how are those 2 going to Work Together and will this be something that is actually undone . What newtons actions were done by janet yellen . Or will she continue that policy . Do you think i would think that this would be reversed within a matter of days, but you have to bear in mind janet yellen, earlier in this year in the spring, said that the fed should be allowed by congress to buy stocks in the open market to buy equities in the open market. We can say that she will reverse minu chins move, but we have to bear in mind that congress has to be on board with everything that is proposed. Whether it, you know, if there is something that is agreed to between the Federal Reserve and the treasury department, that is something that, again, is going to have to go up in front of congress and be part of a stimulus bill. Again, sticking with that story of what he actually said that these emerged, these are emergency tools when the emergency is over, lets put them away and thats kind of what he said to justify the move that theyre making right now. So is the current treasury secretary such lee saying that look, were already in recovery mode, this is over. We dont need the funding the funding mechanism from the fed anymore. Well, i think when your point is that the economy is not in recovery, but the facilities that were set up on the treasurys Balance Sheet in conjunction with the Federal Reserve, did not do what they were supposed to do. They did not create jobs, which is of course, that the fed 2nd mandate is to maximize the creation of employment. Its patently apparent to him that the Capital Markets are operating just fine. We dont need the Federal Reserve in the open market buying the bonds of apple corp for heavens sakes. So i think that that was my point. Plus there are some, there are some beltway politicking going on here. And that is that if Mitch Mcconnell wants to stick to a skinny deal and put a ceiling about a half a trillion, what better way then to take the proceeds of whats going to be taken away from the fed and tack that on to a continuing resolution bill, such that youre able to effectively put nearly a trillion dollars of stimulus out into the economy, but again, youre not, youre not getting creating new funds in order to do so. Youre just repurpose saying what the Federal Reserve, if it had been given. But youre in the beltway, im not, thats just what im hearing from my contacts. If it was going to. But insider, you know, there was a lot of written about how the Federal Reserve doesnt generally get into the politics, especially the chairman and drew. Paul did criticize this move. Was that out of the ordinary for that to happen . Or did you kind of see that him just kind of giving it . He wasnt like overly critical of it. He just said, hey, why wouldnt do this . So how do you see that . I think more than anything else, was surprised. You know, anything can happen to the financial markets. You know, when theres great optimism about what a vaccine is going to do, theres very little certainty in terms of, of the timing. And we know that jobs are continuing to be lost as we speak. Jay powell is trying to look out for the Macro Economy and any kind of a risk that a step back in the data is going to cause a Ripple Effect in the financial markets. If he doesnt have those facilities to fall back on, then he feels as if his cushion has indeed been thinned. And that is what will be the case if there are disturbances in the financial markets. And there is, there are not these facilities in place for a fed and saw to do, you know, deal or to know. Thank you so much for coming onto the show today and being here for that breaking news. Thank you. Its time now for a quick break, but hey here, because what we return tensions continue to rise between the United States and china as the white house is mulling, new moves against the peoples republic. And as we go to break here, the numbers of close to the world is driven by shaped by one person. Who dares thinks we dare to ask why . Remember the old peak oil or gold arguments that we are running out of oil . Im running out of all that, of course is not true, but in the case of bitcoin, because it is absolutely scarce then because the demand is approaching infinity. We are potentially hitting peak bitcoin, where it will become increasingly impossible for the average mom and pop to acquire bitcoin because all the 900. 00 coins per day that are generated through mining will be sucked up by the institutions that will never hit the market. Its been decades since the full of spains fascist regime, but old wounds still havent filled you in 2 thing going into the room is pretty famous because so many from you know, people to be supposed to meet you in the bus. Its a 6 minute and in just the same question to the sounds of newborn babies were torn from their mothers and given away and forced adoption from their own group. It is a feeling that to this day mothers still search for grown children while looking for them. Their rights and welcome back. Following last weeks decision by the federal Aviation Administration to lift the ban on boeings, embattled 737 max, the regulator, its european counterpart, is ready to follow suit. The head of the European Union Safety Agency said the aircraft is safe to fly following changes by boeing speaking virtually to the paris air forum. A executive director patrick spoke about the bodys independent analysis of the situation, saying, quote, all these studies tell us that the 737. 00 max can return to service. We have started to put in place all the measures. It is likely that in our case, we will adopt the decisions allowing it to return to service sometime in january. Now meanwhile, delta airlines, c. E. O. Ed bastion told the Financial Times the carrier which does not have any 737. 00 max in its fleet, has been talking about boeing, quote about a lot of different things, the macs included. And president Donald Trumps time in office is winding down. But that is not slowing the administrations opposition to china. In fact, the Trump Administration is pushing for an Informal Alliance that would retaliate when china uses its trading power to coerce nations. Joining us just as cohost ben swell. Now ben, the timing here seems a little strange. Was the reason given for this latest move and what exactly is this latest move . Yes, the latest move, as you said, its kind of setting up this Informal Group, so its not an official group, but its an Informal Group of nations that would essentially push back against china. The Drug Administration says that they kind of were inspired to do this because of whats going on right now between china and australia. So there are chinese wine merchants who say that Australian Wine Companies are, are dumping cheap product into china and causing the price to fall for wine. And so the chinese authorities are investigating that now, but have threatened to take action against australian imports of wine into china. Well, so the u. S. Of course, feels that nothing can happen here in the World Without it being involved. So the, u. S. Under the thumb of ministration now says what youre going to do that were going to put together an alliance of other countries that were basically be able to take retaliatory measures against china. If it does something that we dont like in terms of trade with another country, the whole things very strange though because it acts as if, you know, china is dominant in the world over, you know, trade issues everywhere. Instead of saying, hey, have china, australia have an issue, lets let them work it out. In this case, the u. S. Is saying, australia should work it out on their own. We need to be involved. Well, if not one of the most interesting parts of that was essentially say, if china will import that, why . Well then other nations will just do it. Well just have to our Informal Alliance will start picking that up for us. So, you know, the u. S. Can get some of the, as the chinese say cheap wine dumped on the u. S. Shores, it doesnt make a whole lot of sense there. Meanwhile, the administration is also continuing to push trade restrictions on 89 Chinese Companies, which it claims have military ties. Does this move have life beyond the Trump Administration . So thats a good question. I think it does probably have some life with ministration. But whats interesting about this though, to me, is the fact that there, this reference to ties to the military ties to the Chinese Military. Because what a lot of folks dont realize is that back in april, the trumpet, ministration changed its definition of what it means to have ties to military. Typically that would mean a company that has contracts for military services or providing specific technology to the military. In this case, its any company that might have products that are bought by the military. Well, thats a huge and very expensive group of companies, and so it can be anything from telecommunications to chip makers, to anyone whos creating really any technology that the military might use. And lets face it, a company doesnt necessarily have any control over whether or not the military buys their products. So the idea that these 89. 00 companies are somehow a threat to the United States and a threat to World Security and so must be punished because the Chinese Military might buy those products. It seems a little farfetched. Im not sure how far that would get into a new administration, but i do think there is a growing and will be a continued since of concern about china and the Chinese Military, even in the biden administration. And nobody commercial Aircraft Corporation of china is spearheading chinese efforts to actually compete with boeing and airbus. And theyre on this list. As is Aviation Industry corporation of china and 10 of its related entities. Is this really about protecting national security, or is it about helping American Companies like boeing, who dont want to face a threat from a Chinese Company . And, you know, i think it could be, i think it could be quite a bit of the latter. I mean, if you think about it, what we know has had a lot of struggles that weve talked about them a lot on this show. And certainly if the u. S. Is trying to block, as weve seen them do with way, as weve seen them do with tech talk, trying to block Chinese Companies from having the same competitive advantage that a boeing or an air bus in europe might have. I can certainly see that happening. One thing thats kind of a carry out of this story though, that makes it interesting is that boeing itself is still waiting on china to recertify the boeing planes that had all those issues just a couple years ago. And ive not been recertify that 737. 00 max. So what were looking at now is boeing is dependent on china to approve its planes, or the u. S. Government is trying to stop. Chinese carriers are being competition to boeing so, less and you know, i hate this, i wouldnt governments get involved in what is happening with the private industries and it keeps happening over and over again. Robust cohost, ben swan, thanks for breaking it all down for us to get it. And finally, china is going to the moon hoping to do what no nation has done since the 1970 s. No crew members will be on board, but the country is looking to bring back rocks and other samples from the lunar surface for study here on earth. If the Chinese Program is successful at collecting and returning samples from the moon, the country will join an exclusive club, china would join the United States and what was once the soviet union as the only other Space Programs to accomplish this feat the probe could launch as soon as this week, and its hoping to gather samples from an unvisited area called the ocean of storms. And thats it for this time you can catch boom bust on demand on the brand new portable t. V. s available on smartphones and tablets through google play in the Apple App Store by searching portable t. V. Portable t. V. Can also be downloaded on newer model. Samsung smart t. V. s, as well as a rule who devices or simply check it out at portable t. V. Well see you next time. When else seems wrong. Just dont get to see. Just be active. And in detroit equals betrayal. When something you find themselves worlds apart, we choose to look for Common Ground that he will go back to life. Or yours will pull you out of the mouth and say, what about and i didnt do it will always be the good. Is it . Thats the household. How much instant intend to keep it or done or dont let you come up with the truth. Come on come on the time because im not bad with the internet, but oh, november, get us in the eyes of them. Theyre down to the point about it. Being this as it is about seal, welcome, you should all waltz. You normal dog holds a member of the real world will know well, you know, but in august, when youre old chum cruiser up on the board with a boy in the slips and you when you sneeze, each he puts on the still money. Youll destroy iraqs oil fields. One of them wanted something, he didnt want it or that is which gets to be on the local, which is based on your own work or one with your leanings luthers to start a look at your bullshit you know it as the race to get a vaccine to market intensive, one of the Key Competitors reveals it outperformed by rivals. We get the views of the World Health Organization on the race for drug. Its going to be many, many months before there will be throughout the whole World Population to be given, you know, big changes in the white house for a new president. Joe biden is given the green light to start his transition of power. The official responsible for the process had she taken the decision independent
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