The United States top 3300000 coronavirus cases on monday the death toll exceeds 135000 what this means is that nearly one in 100 americans have now tested positive for the virus this comes as 32 states across the country saw an increase of covert 1000 cases of at least 10 percent in the last week while on sunday florida broke the u. S. Record with more than 15000 new cases in just one day on monday another 12624 new cases were confirmed meanwhile just south in Brazil Police officers patrolled beaches in Rio De Janeiro the citys mayor marcello cruella required residents to wear face masks and only those practicing individual sports were actually allowed in the sand or the sea wall thats in mexico reach 35000 on sunday the latin american countries surpassed. Italy and it now has the worlds 4th highest death toll from the pandemic the mayor of mexico city plans to target neighborhoods with a higher number of people infected with cobra 19. We call the 2nd Program Priority attention settlements and it consists of targeting the settlements neighborhoods or towns that have the most number of people with. And australia remains cautious over a possible 2nd wave of koga 19 as the state of victoria reported a high of more than 250 daily cases over the weekend the city of melbourne which reimposed lockdowns and the now Global Markets jumped on monday as 2 experimental coronavirus vaccines were granted f. D. A. Fast track essentially this speeds up the review process and of new drugs and vaccines wolf eyes are and biotech stocks rallied 2. 3 percent and 5. 3 percent respectively on the news and Senior Vice President of Global Regulatory Affairs for pfizer peter hoenig said we look forward to continue working closely with the f. D. A. Throughout the Clinical Development of this Program Project light speed to evaluate the safety and efficiency of these vaccine candidates if the studies are successful the companys already said they plan to make up to 1000000. 00 doses by the end of this year and possibly more than 1200000000 doses by the end of 2021. For more on markets were joined by boone was cohost christine and chief strategist of bubba trading Todd Horowitz christy lets start with you were headed into these earning sessions this week what are the expectations like going into as we kick off. Well this is expected to be the absolute worst earnings season in years as Analysts Expect to see sharp profit declines and a long road to recovery ahead earnings are expected to fall about 44 percent which is the worst performance since the Great Recession so this week we have reports from all the major financial names as well as Johnson Johnson netflix and a few more so the Financial Sector in particular is expected to see more than a 52 percent decline in profits but variously marginally we saw last earnings season we expect the message to be a bit of a mixed bag because at this point the stock market and the economy have completely diverged and investors are already expecting the numbers are going to be bad so its not so much as what the numbers are going to be but rather its what the companies and management have to say Going Forward for instance is their recovery how quickly are they adapting what cost cutting measures are they doing cetera earnings are basically historical and backward looking and investors they want to hear more about the trend Going Forwards and now that weve gone past what we think is the worst where the entire economy was completely frozen in q 2 this will reveal the extent of the earnings damage as the economy slumped about 30 percent well thats whats really interesting to keep an eye on and like as you said a lot of investors economists are predicting that the worst is over yet were seeing the resurgence of cases so not that they caught him hes going to completely shut down again but again it is the worst actually over above the market is actually in large fueled by the Central Bank Stimulus thats pumped actually more than 7 trillion dollars in just to sustain market liquidity now since march the s. And p. Its risen more than 40 percent but what do you make of this and is it going to continue. You know the markets are truly overvalued here however you cannot get a move in front of them because. The fed in their ability to keep putting in free money they have not provided liquidity all theyve done is revive buyers with a reason to borrow more are you doing good the more the markets will go. They dont go either way more but certainly we are gently bubble territory especially in them as they act with some of the great overvaluation is better than us saw today a pretty much of a key reversal in the war weve made all time new highs again and close much lower on the day so you might be using some sure but again the thread is willing to basically do whatever it takes and of course they will screw it up as usual but for now it keeps pumping the markets higher because they consider the underlying thread put to hold these markets together on this and that what investors look at the their safety net essentially which is what the Federal Reserve has been throwing at them now kristie weve also seen a surge of i. P. O. s and deal making in the 2nd quarter in fact the biggest deal of the year it was Just Announced this was over the weekend a semi maker Analog Devices has agree now to buy rival maxim integrated products for about 21000000000. 00 whats the latest there so analysts are expecting that this is actually going to be the biggest deal of the year and this comes just as the entire Semiconductor Makers seek to scale and diversify their offerings just as apple dealt a major blow to intel by cutting off all of their chips so analog chips theyre more photos more cell focused on computing whereas macs and so i mean theyre used in settings from health care to autos so where analog does not have a really large presence so this merger is actually quite synergistic now under the terms of this deal 80 i will acquire all of maxim and all Stock Transaction that will value the combined enterprise at a total of 68000000000. 00 so management expects this transaction to be a creative within 18 months subsequent to closing with about 275000000. 00 of cost synergies by the end of year 2. 00 driven by lower operating expenses so that is if this merger gets approved and finalized and this will create and to be able to compete with a lot of the semi heavyweights such as texas and statements however a lot of mergers of this size it will most likely require the approval of regulators across the e. U. The u. S. And china as well now. The last deal in 2018 between qualcomm and x and x p that was abandoned after chinese regulators refused to approve the plan m its a trade war with the u. S. So well see if this one also gets approved a long way or ways to see what will happen there but todd i want to turn it back to what i mentioned earlier about cases continuing to rise and theyre not hitting record levels here across the United States now pfizer and biotech theyre vaccine candidates they were granted this fast track status by the f. D. A. They plan to make the 1000000 doses by the end of this year possibly more than 1200000000. 00 by next year of 2021 what do you make of all this are we actually close to vaccines. You know what looking at some of the stocks out there sir it does look like there could be good because i mean if you look at a site like modern that was about most 12. 00 today you were the 1st to maybe have something so that looks like we may be getting closer remember this other than other diseases and viruses that weve had in history the entire world is working on this one and theyre going to fast track everything to get something out so i think that were probably a lot closer than we think and not the usual you know 8 to 10 years to wait for something to come out so i do based on the way pfizer and modern and other drug stocks are acting there certainly is a lot of hope in readiness that says theyve got something that is real that we may be able to get to very shortly well christi what do you make of this todd you just mentioned its a global effort so you have so many scientists and and Doctors Medical in the medical field working on this vaccine ive talked to some my software they say because so many people are working on this but its going to be pretty safe in that it will come out before mid 2021 christi your thoughts weve heard all of these we heard all these reports before but i think the still stands that is still to there still needs to be a period of trial and error before we can actually safely say that this vaccine is safe for humans so while there are a lot of patients that are currently in line because they currently have chronic and they need. Vaccine as soon as possible they are in line for human trial testing however we dont know what the Long Term Health risks are for these and that will be the scary part looking at the long term because we dont have the time you must cohost Christine Todd or with of the trading thank you so much for your time today thank you. New warnings over the u. K. s possible move to remove existing always technology from the countrys Telecom Services as we have been telling you not only is the u. K. Pushing back against wall way building out the nations 5 g. Infrastructure but some members of parliament are calling for a rip and replace strategy that would remove all wall Way Technology from the country well joining us now to discuss has been west coast. Ben swan ben this trip in our play strategy its not only extremely expensive but it would be extremely time consuming right. Yeah it absolutely would be look at its not a quick process by any means either in the u. K. Or here in the u. S. Where the u. S. Of universal service fund is no longer on an option for a while way so you and i have talked about this before rip and replace essentially means that you go in to these Telecom Towers and you remove any equipment that belongs to y. Way well thats easier said than done its one thing to say were not going to allow while way to be part of our 5 g. Build out moving forward its another thing to say were going to go back and every piece of 5 g. Technology we have in the past were going to tear it out replace it oh and also 4 g. And 3 g. And 2 g. Technology and that is what the u. K. Is talking about doing actually going back and removing all of that if it has anything to do with what way of thats thats the concern here and one of them about the strategy seems to look at every look at all the while we meant that its going to be rapidly removed that it could possibly create cell phone and even telecom outages why is that yeah the head of bt over in the u. K. Is essentially saying exactly that that if you go in and you start removing all of this equipment 1st of all again rip and replace sounds good right its got the a litter a shinin it sounds like its a quick process but in reality theres another are for you in reality its not as easy to go in remove equipment and then replace it in a very quick fashion so if essentially lawmakers mandate that equipment cannot be used it must be taken out its a much longer process to go back and to put that in so they had a bt essentially says if this happens its very likely there will be outages across the u. K. In terms of Telecom Service only in terms of Cell Phone Service and by the way again here in the us that is the same story when the f. C. C. Is talking about removing all of while way equipment in the United States were not just talking about what we phones here were talking about every single component in Telecom Towers that belongs to one way or was created by weiwei in the 1st place to take that out essentially means you may be leaving areas without Cell Phone Service its a big deal obama. Theres another issue here too because if the u. K. Bans any new equipment it really leaves existing while the Technology Vulnerable right yeah it really does thats a really important point because for all the talk about while away and about getting this you know these systems out because the Chinese Government can supposedly take advantage of these systems and then spy on u. K. Citizens or u. S. Citizens in the u. K. Theyre saying look you know every single component has to be removed because somehow those components whether they have the ability to gather information or not or are bad because theyre connected to one way which in and of itself is a strange statement right you know how a microchip that belongs to while away is essentially more evil than a microchip that belongs to intel i dont know but heres the important point which is that when you do not update software what happens you have vulnerabilities in software which means that hackers and other groups can access certain pieces of software so when you say no moving forward there can be no nothing else added a while way for existing components that have not been removed yet if you can update those components essentially bt is saying if that happens youre going to leave us open to a whole other set of vulnerabilities so while on one hand youre terrified of china on another hand you need to recognize that you are creating vulnerabilities for u. K. Users when you dont update software and you essentially leave it open to hackers when originally the u. K. Say they were going to allow a obviously that limited access to our ways 5 g. You know theyre just caving in to this u. S. Pressure and other countries going to start following suit i think its the only thing it could be if you look at what Boris Johnson had said originally he and essentially Intelligence Services in the u. K. They had looked at it and said there was no reason to believe that these components specific components that they were looking at could be hacked by the chinese or that it was a compromise that there was no compromise of these particular components but now theyve to. Going to different stand its clearly i think because of the United States its clearly because of kind of this campaign that the u. S. Has been on the question really comes down to is whether or not this is in the best interest of the u. K. Because remember Boris Johnson does have a promise that hes made to essentially achieve this position that hes in his Prime Minister that the u. K. Would be a 5 g. By 2025 without while way im not sure theyre going to be able to do that it doesnt sound like like they will and well see whether or not their countries start falling less cohost and investigative journalist fence one thank you for your time. Sarah thanks. Time now for a quick break but stay here because the only return boyle slipped ahead of an opec meeting this week while the group feels supply cuts will we have an expert standing by as we go to break share the numbers up above. You cannot be bold with yeah you like. Im chris hedges the corporate coup detat has destroyed our Democratic Institutions the commercial media is burlesque part of the reality show president s expose the trivial lives seen on contact question more. Seeing the horrors little lies the money in the evil. Corporate criminals who trash calculus lives to add just one more dollar to their billions. They threaten they bribe theyll do anything to keep their crimes in the door but the people theyve heard are demanding justice their stories need to be told on americas lawyer. Dear you are thank you for finally changing your understand youre tired of networks that are new with you. Today and that. They are not no matter what. You know me d im famous for my views. And the me. Yours truly scotty d now. Im holland cook i invite you to climb with me of the Mainstream Media and from that higher fat age to glimpse the big picture question more. China has announced sanctions against the u. S. Which target some of beijings most vocal critics one week after the u. S. Sanctions several chinese officials over reports that theyre targeting of minorities arties rachel blood. Break down the details rachel whats the reasoning behind this one of the chinese saying well as spokesperson for Chinas Foreign Ministry spoke out and she said that these sanctions are in retaliation for the same sions that the u. S. Imposed last week when they accuse several chinese officials of targeting religious and ethnic minorities in their country and china has repeatedly denied these claims and even accuse the u. S. Of trying to meddle in its internal affairs take a listen the vicious harassment interrogation and threats by the United States seriously damaged the legitimate rights and interests of chinese citizens in the u. S. And also interrupted and destroy the normal people to people exchanges which has turned into outright political persecution. Now beijing has also accused the u. S. Of trying to increase tensions between the 2 countries by pointing to a warning that was released by the state department to all u. S. Citizens you are living in or traveling through china saying that they should be aware that they could be wrongfully detained for political reasons well rachel this these sanctions against certain u. S. Officials and leadership who exactly have the they targeted and what what are th