Than 8100000 cases with nearly 220000 deaths the dire american figures have prompted its neighbor to the north to keep its border shut to u. S. Citizens canadas minister of Public Safety and Emergency Preparedness tweeted we are extending nonessential travel restrictions with the United States until november 21st 2020 our decision will continue to be based on the best Public Health advice available to keep canadian safe canada is also seeing a rise in cases as the 2nd wave of covert 1000. 00 takes hold on that country with over 200000 confirmed it actions had nearly 10000. 00 deaths in total the country has been rather successful in fighting the virus but its not taking any chances new rules are kicking in of this week in regions of concern the countrys most populous province of ontario is ordering the closure of gyms and movie theaters a ban on Indoor Dining in restaurants and bars and restrictions of 10 people indoors and 25 people outdoors at public gatherings parts of europe are following similar protocols the u. K. Is limiting the size of gatherings and is restricting social gatherings. Of any kind in high alert areas such as london and liverpool france has declared a Public Health state of emergency in germany and italy have introduced a number of new measures to reduce infection rates even sweden which has been praised by some for not having a lockdown is preparing to implement strict you rules as coronavirus cases rise in that country taking things to a level that most are trying to avoid we also is imposing a complete lockdown for 2 weeks this fall you brick is the shortest we can make it but that means that it will have to be sharp and deep in order to have the impact we needed to have on the value of us in other parts of the world there is also grim news iran has broken single day record of bias deaths with 337 patients dying on monday and while relatively stable africa see more cases the latest so the africans minister of health and his wife have both tested positive for 12 and 19 the United States india and brazil remain the worst affected countries in the world for the best and i know its my luggage. Markets are reacting on this monday ahead of a looming deadline for a u. S. Stimulus deal over the weekend House Speaker nancy pelosi set a tuesday deadline in a letter to House Democrats she is optimistic about negotiations while there was some encouraging news much work remains the white house does not appreciate the need to direct resources to culturally competent Contact Tracing a few issues remain at an impasse on child tax credits state and local funding and the census while the senate is scheduled to vote on 2 really fills this week on tuesday theyll vote on the extended Payroll Protection Program for Small Businesses and on wednesday theyll be voting on a 500000000000. 00 current of our stimulus bill neither of these are expected to pass for more on this and the market reaction. Cia and c. E. O. Open. See. Stocks seem to be having a roller coaster this monday markets rose earlier in the morning and the futures were up on hopes for the stimulus deal but then they fell from this lack of progress and a rising number of covered 1000 cases as we heard alex say whats your Market Outlook from now through the end of the year given these in these crosscurrents. Well i think some of the 64000 own question is all the markets can do if they were so yeah i think its almost impossible to say its almost a fools errand to try but with that kind of yet let me try and nevertheless i suppose a study of 4 major draw i was. Of the c. Code 90 in the case lou. With a lock downs are coming back what shape or form oh exceed that the other thing you mention that is stimulus and then nancy pelosi and. Since that also official things that get done virtues the whole route. I think that looks very unlikely before you look at the most of us decided it was a case of delaying this election so i think thats unlikely to have but. Then this is the Federal Reserve policy. In terms of Monetary Policy which i think has been the driving force in the markets im not so since the middle of march when the fed. Been the markets but now it seems to be sort of stable as well and i think the real thing driving markets the most is upcoming election and people soft to get nervous it looks like its going to be all this substantial charts its going to be a contest this election very very messy and i think that has people nervous and today so the markets and things like. Yes definitely interesting to see that this roller coaster a lot of these headlines impacting the markets kristie lets talk about the u. S. Shale industry theyve been in a massive downturn this year and now we are expecting to see some consolidation in the industry weve already seen some as some smaller players ran out of cash so theyre trying to to can tolerate now Conoco Phillips just agreed to buy contra resources now those shares have gone up since there were talks about them having this potential deal how is that deal exactly playing out. So yes we saw over the last couple of months that we expected to see more consolidations and weaken industries such as oil and gas and perhaps Even Airlines later on in order to weather to weather out this economic downturn so consolidations would basically mean more synergistic opportunities lower operating cost more economies of scale so todays deal is between Conoco Phillips and concho for about 9700000000. 00 in stock which is the largest shale industry deal since the collapse of the Energy Demand earlier this year so this will create a giant heavyweight driller in americas most prolific oil field so this pandemic induced energy crash and then the lackluster Global Recovery that has accelerated the push for consolidation across the entire shale patch so we talked about how levered these companies were after years of very cheap debt field growth so this actually this deal actually may signal further mergers and acquisitions in this sector as now idle drillers look for more ways to cost in order to survive so no goes thus far has survived pretty well this oil slump but its Growth Outlook still remains very challenged 2nd quarter growth production was down about 25 percent as occurred outputs as a response to the lowered prices so this deal between conoco and concho is now a desire to basically bulk up its size and scale and ill become very important Going Forward so with this deal it is projected to save about 500000000. 00 a year by 2022 and this is the largest deal this year correct yes so thats theyre trying to consolidate and really help one another at this point i want to turn over overseas to chinas economy grew 4. 9 percent in the 3rd quarter that was below expectations now issues such as unemployment have diminished Household Income and shifting Consumer Behavior they continue to plague the country in the recovery and growth continue or are we now at a plateau. What i think most come true. Is would give that back to the 4 percent or what im saying growth in the current environment bear in mind law school so that things were up 3. 2 percent were still showing much much better than what we saw in that the traction up in the schools so i think overall trajectory is in the right direction things look pretty good overall there was some softness in terms of Consumer Spending the program. But if you look at other indicators things like just 2 out pools of exports or those things grew close to double digit levels or so i think overall the chinese economy looks like its moving very much in the right direction as a mother who is also interesting terms of code 19. China has an enormous tourism so the chinese 10 spent abroad and Foreign Tourists bring into china and that of course is going to be correct in that correct is a great word to use but were going to see that reverse basically china deficit in terms of source and thats going to help us balance a trade quite so youll see a much we should see much of this up is coming as a result so i think china is looking actually quite encouraging though i dont think its more missing tells the for us is anything to be concerned about oh yeah like you said thing at the growth at this point anywhere if some is good news kristie meanwhile that the u. S. Federal reserve chairman Jerome Powell spoke to the International Monetary fund about the digital dollar take a listen. We are committed to carefully and thoughtfully evaluating the potential costs and benefits of a Central Bank Digital currency for the u. S. Economy and Payment System as well as for its International Implications we have not made a decision issue it acb d. C. And we think that theres a great deal of work yet to be done but Something Like 80 percent of Central Banks around the world are exploring the idea of issuing currency in digital form. So one of the main concerns from drone power is to be right not 1st what could this mean what could it do for b p c. Well right now the big question is actually getting a huge boost not only from drone policy message but also from the i. M. F. Director georgieva who says that a new brand woods movement is actually needed right now so this is a Huge Movement and weve already seen some very large accumulations over the past 2 months taking place so this message that the i. M. F. Is essentially sending out shows that the Financial System is currently under tremendous strain after trillions of dollars have basically been created out of thin air and 2020 and most governments are now running these massive deficits which are unlikely to end and now were facing a huge new wave of rising poverty that we literally have not seen in decades so as such in order to combat this georgieva declare that we face a new Bretton Woods movement so as we all know this Bretton Woods movement was agreement was what led to the integration of the Gold Standard that pretty much set modern day monetary world order which pegged the u. S. Dollar to gold so now with the coronavirus pandemic the i. M. F. Is tao calling for a new standard thinking that there needs to be an overhaul to the entire Monetary System in the world so in a nutshell its saying that the Current System is no longer suitable which is a very scary thing to say and so while the details right now are currently scarce of what it actually means speculators right now believe that this could very much involved bitcoin taking the place of gold as a hedge against inflation so if this new standard emerges it could use bitcoin as a hedge and the timing is just so perfect as what you just said with all the c. D. C. s now coming online not only the u. S. But also with china and other countries as well so if this happened that quine could easily top 100000 which is great news for all of the hollers but actually it could also lead to some. Very disturbing new reality in the future for c. B. S. These where basically the entire establishment is moved on to a digital money digital socializing and a complete public tracking tracing and controls and monitoring of transaction tracing and them them telling you where your money goes so thatll be interesting to see how this is actually going to play out i know weve talked about this law and well continue to to discuss it we approach and if it comes to fruition or whatever happens the most cohost christi i end of time randi c. E. O. Of openness ill see thank you both for breaking this down for us thank you. After years of debate over how to dispose of treated radioactive water reports surface that japan plans to dump millions of gallons of fukushima water into the ocean environmentalist and local fishermen are worried and urging the japanese government to reconsider the decision the plan is to dilute the water up to 600. 00 times by contaminated water of the plant managed by the Tokyo Electric Power company is already running out of Storage Space and it has cost tepco 200000000000. 00 in september Prime Minister yoshihiko shogo said the government would like to take the responsibility and decide on the direction of what to do with the treated water as quickly as possible the water tanks are expected to fill up by 2022 and the earliest which the release would take place. Time now for a quick break but stay here because the whole return the Great Barrington declaration is under scrutiny by those who say that implementing strict law is not the answer and we have a panel standing by as we go to break here the numbers at the close. Election. Little. Of. The world is driven by dreamers shaped by those. Who dares thinks. Week to ask. You know when im going to be out there see i dont think about i dont many grown men not me a dollar for bush. I kind of what i wanted on course if im not big now on that its hard enough. Members of the africa mafias them safe and quick passage to europe but once they. Leave they are enslaved the country child util. Will not some of them leave your mom on and off and you know. This you need to get it out i mean. On the cheek with. The soul of the. Let me guess all on court of the united. Because the persona that kenny mayne thought all this carbon war millenia. Was a pandemic no certainly no borders just blind to nationalities. As a muddled up with the we dont look like seeing the whole world needs to be. People. Judging. Commentary crisis at least based on things. We can do better we should be. Everyone is contributing to each or our own way but we also know that this crisis will not go on forever the challenge is grateful to response has been much so many good people are helping us. It makes us feel very proud that we are in it together. The World Trade Organization decision to authorize European Union tariffs on u. S. Imports adds tension to this transatlantic trade the e. U. Could impose 4000000000. 00 in annual tariffs to the u. S. In a dispute over subsidies of plane maker boeing executive Vice President for an economy that works for people on commissioner for trade all these dombrowski said additional duties are not in the economic interest of either side particularly as we strive to recover from the coven 1000 recession this comes in retaliation after the u. S. Already imposed tariffs on the e. U. Last october hitting french wine Italian Cheese and single malt scotch whiskey and others while the e. U. Hopes to find Common Ground and for the u. S. To drop these tariffs. Its called the Great Barrington dark gratian a signed document by over 10000 medical and Public Health scientists 27000 medical practitioners and over half a 1000000 concerned citizens the authors of this declaration which include a professor of medicine from Harvard University a professor an epidemiologist from Oxford University and a professor from Stanford University medical school calls for an end to all current lock downs especially for people who are deemed a low risk of death an infection from covert 191. 00 section it reads as immunity builds in the population the risk of infection to all including the vulnerable falls we know that all populations will eventually return immunity the petition states our goal should therefore be to minimize mortality and social harm until we reach herd immunity joining us now to discuss. Swan and Jeffrey Tucker of the American Institute for Economic Research element thank you for being here ben obviously this declaration is extremely controversial but isnt a covert vaccine supposed to get us to herd immunity. Yes it is yes to both of them its controversial and a vaccine is supposed to give us the herd immunity but its not the only way to herd immunity unless of course you only listen to big pharma big pharma will tell you that before vaccines i guess there was no such thing as herd immunity and yet now we know of course that thats not true what we know is this the way the human body responds to pandemics because there have been pandemics all throughout Human History is to build herd immunity through exposure to a virus what this document is essentially saying is we know and what we do now know about covert that we didnt maybe know 6 months ago is that there is a certain segment of the population that is not very susceptible to coat it the younger you are obviously children teenagers people under 19 years old have you know virtually no susceptibility in terms of getting sick or dying from it and then anyone who is under the age of 60 really doesnt have a tremendous number of people who are susceptible to it the average ag