What is great . In the world corrupted, you need to descend to join us in the depths or a maid in the shallows. This is the one business show you cant afford a man. There. Monteith open washington coming up the United States. Find that left out of the Worlds Largest trade deal, putting pressure on europe and an incoming tide and a ministration out of the thought. But economics professor, lecture and 20 months later, the f. A. A. Is unfriending, the problem. Boeing, 737. 00. Just some airlines say itll still be months before its scheduled for regular flights. We have a lot to get to. So lets get another big announcement this week for the coven 1000 vaccine. On wednesday, pfizer and biotech said they concluded the final phase 3 results data. Now showing the vaccine is 95 percent effective. Results show the final phase. 3 trials reported 170 cases of coping 19162 of those who got the placebo and only 8 who received the vaccine. 10 of those cases reported severe symptoms. 9 of them in the placebo, and only one who was vaccinated. Data also showed 94 percent efficacy and people older than 65. 00. This is, a group with higher risk of severe illness by their chairman and c. E. O. , Albert Burleigh said the Study Results mark an important step in this historic 8 month journey to bring forward a vaccine capable of helping to end this devastating pandemic. Pfizer shares jumped 3 percent in premarket trading while buying tech surged 6. 2 percent. The company said they plan to file for an emergency use authorization to the f. D. A. Within days earlier this week, china and 14 Asian Pacific countries signed the regional comprehensive economic partnership. This is the Worlds Largest trade agreement. The r. C. E. P. A. Includes australia, china, japan, south korea, new zealand, and 10 other associations of southeast nation members. This will help the region lower tariffs in an effort to help the already struggling countries all due to the pandemic. Many say the deal is a huge geopolitical one for china and a huge blow to the United States. For more, lets bring in host of economic update and author of sickness is the system. Professor richard wolfe, professor, good to have you. As always we, weve discussed here and boom, bust this deal earlier this week with christine, but i want to get your take on how big this deal really is. Well, it couldnt launch the little terms. An economic 1st economic conclusion a mile down or roughly 30 percent of the world trade in out one. So were talking about roughly a 3rd of the Global Economy has just gotten itself together. Like to do something really good for all of them. Namely, the lower tariffs, the opposite of what the trumpet, ministration did to lower tower. Its so that they can rate among one another without a little i would act as all their respective governments. The whole point is to encourage trade. Among them goes their economies, the growth, like grading with one another. And thats right, that they could include not only places like vietnam and china, but likewise places like australia and the union is a testimony to their having overcome all kinds of little disagreements to do something they will help their economies. And that at a time when the United States was growing from alliances and committed to be exact opposite, namely raising. So this is a time when these countries, it really need it most. I mean, even the United States could use some help with this. Were talking about about a combined 26. 2 trillion g. D. P. Thats an unbelievable amount of money. I do want to ask you about the senior european union. Why make or manfred whatever . Who told the South China Morning Post . , if we look at the new china pacific trade agreement, the r. C. P. , europe, and the us should see this as a wake up call to join forces. Its the right in this and do you see europe and the United States doing something coming together . Moving forward with this well, i think youve touched on a very, very important point. I think this gentleman in europe is a brave, and hes afraid in the way that many of the leaders of europe are, will be europeans being what will and will biden in the illustration, make all the church could china to develop a different kind of collaborative relationship rather than the confrontations that characterized the trump period, if so, all those 2 countries, the United States and china could work out agreements now including this orgy to eat arrangement. It could make agreements that put your up at a disadvantage. The europeans are afraid. They have a lot of trouble getting together and now they see all the rest of the world could maneuver itself, leaving them out. Thats the real fear. And you could hear him literally say in that article in the morning. Oh say that they want to close up their relationship with the United States, of course. See here they might be left. Rightfully so here this day obviously is weakening. The United States influence in the region and one way, while this push president elect joe biden and rejoin the transpacific partnership, the one president trying to put out of an end 2017. Yes, it may push him in that direction that may not. But even if it did, its not clear that the rest of the world is willing to make anything like the kind of deals they would have made for trump. This is extremely important, not because of the particulars of the truck, but mr. Trump broke relationships with that part of the world with many countries in many parts of the world. You know, in polls, arabs that this countrys economy and you, celebrated as a nationalist, turned in the United States and turned inward. And the Business Community of the United States, let him do that. Was it not break with him . And hes now gotten more votes and the rest of the world is beginning to wonder whether its safe to go in or were meeting in the us with the United States, given the strength inside the United States of a kind of Society Turning away from the world and in the on itself, the professor what it looks like under a bite in a master, a shame we probably would see tara throwing in place. It doesnt look like hed go any easier on china. Is possibly a way that he can somehow alleviate some of the tension though, between the worlds 2 largest economies. Well, i think he has to do several things. He has the guts wave that were all there. That he really is somehow different that hes not going to play games with terrorists. Hes not going to hog after Chinese Companies, executives and block Chinese Companies from functioning. I want reminds local that mattered in china, that he may 3rd to the leader of china as a quote, son. During the campaign, this is, as you might as well the best way to cope with a friendship. Hes going to have that demonstrate a different commitment. Thats what the chinese will be any less with the United States built. It didnt get us, but theyre going to be focused as this agreement shows on believing theyre all relationships and the United States will have to see new shrinking. Its. Theres a lot of work to be done in that region, especially with that with china, hopefully president elect joe biden, can have some sort of unity in the region and especially with, with china, professor richard off as always, thank you for your time. Thank you, sir. Mark of a story out of denmark where the countrys Prime Minister is facing calls to resign after giving an order, months ago, to call the nations main population. Well, the order came weeks ago over concerns that may be contributing to the rise of coven 1000 cases in the country. And there may be a mutated strain running through the animals that could potentially harm the efficacy of future vaccines. Joining us now to discuss an investigative journalist, ben swan, ben already denmarks agriculture minister, has resigned. Why is this such a huge story, such a huge deal in denmark . Well, its a huge deal for a couple of reasons. And the biggest reason is that the order that was given to coal, and thats the word reducing c u l l 2 coal. For folks who dont know what that means, its the extermination of the entire population, essentially in denmark, thats what the order was, was an illegal order, thats kind of the point here. So the order originally started with the Agriculture Department, so we hear, but it turns out theres been a number of investigations over the past few days that show that the order actually came from the Prime Minister herself, who made this order. Thats why its such a big deal. Its an illegal order that essentially would have had the military and police exterminate about 17000000, meaning that belong to 1100 farmers in denmark didnt mark is one of the Worlds Largest population of me. And they would have essentially gone through military and police and exterminated virtually. All of those animals was on the agriculture minister resigned. But now there are calls for the Prime Minister to step down to the pm says that all of this began that and alone with the agriculture ministry, do you buy that . Right . No, not at all. And thats, thats the point that the Prime Minister is saying. Its got nothing to do with me. It was in the legal order, but i didnt make it. But in fact, the Prime Minister did make it. In fact, it was made this order was made by fredrickson on live t. V. On november 4th, how do you say it begins and ends with the Agriculture Department . When the Prime Minister went on Live Television and gave the order for the extermination of the entire me population. And these farmers, i mean thats whats so crazy about this. There is that now the Prime Minister is retaining all i had nothing to do with it. It was an illegal order that she gave, and she did it on television. How do you walk that back . I have no idea. Well, ok, ben, lets look at the other side here. Right . Right. There is a concern, obviously that it a strain of covert 1000 has mutated among this population and could, what if actually harm the efficacy of these future vaccines . Yeah, well that, that is the concern. The problem is that it doesnt match up necessarily. Well, what a lot of scientists are saying, or what the w. H. O. Was saying, in fact, the United Nations came out and said, we are a long look, quoting here, quote, a long, long way from deciding whether or not this mutation may have any implications for future vaccines so the idea that, oh, we have to exterminate 17000000 mink in denmark and by the way, its not just to markets in belgium, its in sweden, its in right, a number of these countries, right . The idea that you would exterminate the entire populations of these animals simply because you think maybe in the future, the efficacy of a vaccine thats not even been determined to be affected yet that ultimately that might become an issue. So you issue an illegal order, and even dr. Anthony fauci here in the u. S. Said, yeah, you have to watch it, but theres no indication whatsoever scientifically that theres this mutated strain would change anything with vaccine. Were jumping the gun a little bit. 7 countries might, like you said, actually have the variants and clipping the u. S. Which, but again, we dont know much of obviously this is affecting a situation under that National Confidence and government. Right . Absolutely. As you know, back in june about 5075 percent of the Country Trust of the government this week, a new poll shows only 50 percent trust the government. So in denmark, because of this order, because of the fact again that you have these orders being made, listen, its a problem in denmark, its a problem here in the United States. We see it all over the world. The World Leaders get up and they make these great proclamations, that they dont even have the Legal Authority to do when they act as if, because of the word coronavirus. That old rule of law goes out the window and they have the authority to do whatever they want. And one more note here, and this is a little bit off, but going back to the original story you did today about pfizer and, and the vaccine. The fact is, this mode erna and pfizer are both leading the way on the vaccine. They say, 94 percent, efficacy 95 percent efficacy. But heres the problem, sarah. Nobody has had a chance to actually look at the data and determine whether its true so far. Everything we know is based on press releases, so that more information we can actually get, rather than media, just jumping on press releases that caused the stock to rise and the executives saw that start. I think we have to get to the actual data and see that you know, so we can think and pfizer is supposed to be turning in the paperwork. And finally in documents to the f. D. A. And days. So hopefully by then well have the data and i mean not that the f. D. A. Will make the best choice here. Were looking at some new technology, but i mean theres, theres, all we can do is look forward to the data coming in. Come in the next couple days, but most cohost of us a good journalist, spend so on. Thank you. As always. So with us, the longest grounding in aviation history has finally come to an end. The u. S. Federal government has given the boeing 737. 00 max, the green light to fly once again, but some are concerned that that might be premature. Arties alex, mail of a child the story. After 20 months on the ground, the federal Aviation Administration has cleared the boeing 737 max for takeoff. The controversial aircraft has not been allowed to fly anywhere in the world since march 2019 after it was involved in 2 fatal crashes. 346 people died in the 2 separate incidents in indonesia and ethiopia. The disasters were blamed on an automated Flight Control system used by the 737 max. Since then, boeing says that it has been working on new measures, including enhanced flight crew training and Software Updates to make the plane safe. According to the f. A. A. After what the agency calls a comprehensive and methodical review, the passenger plane is ready to fly once again. The agencys chief steven dixon told reuters, weve done everything humanly possible to make sure these type of crashes do not happen again. While some International Aviation authorities are expected to follow, the u. S. Is lead. Other countries are taking their time closely watching whats happening in the states, canada, which was one of the 1st nations to ground. The plane says it is not ready to allow the passenger jet to fly in its airspace. Canadian transport minister mark our no said transport canada Safety Experts continue their independent validation process to determine whether to approve the proposed changes to the aircraft. Although boeing says it is committed to learning from our mistakes to build a safer future. So accidents like this never happen. Again, many blame the company for the hundreds of deaths caused by its faulty passenger jets and are worried that the same could happen again. Documents released after the 2 crashes in asia in africa showed that boeing ignored multiple concerns reported by employees about the plane before the incidents, and that the company misled regulators. Information was described as very disturbing by the u. S. Government. The u. S. Federal Aviation Administration also received Harsh Criticism for giving the thumbs up to the faulty aircraft, and that hasnt changed. In a scathing letter to f. A. A. Administrator steven dixon, Consumer Rights advocate, ralph nader did not hold back nader who lost a Family Member in the Ethiopian Airline crash, writes the recent House Committee on transportation and infrastructure staff report. On the boeing 737 max, released by chairman peter de fazio excoriated the f. A. A. Secrecy its symbiotic relationship with boeing and the specific failures of personnel. This week, the house of representatives approved reforms to the Government Agencies aircraft certification program, while more than 400. 00 orders of the boeing plane have been cancelled and dozens deferred. The latest f. A. A. Order allows boeing 737 max commercial flights to resume and deliveries of the plane to continue before the end of this year. For r t m alex mileage time now for a quick break, but when we come back and call continue their 2020 rise. Some say its a sign and busters are bracing for upcoming inflation. Well break it down with our expert panel standing by and as we go to break here, the numbers up a close match as a financial survival guide. Stacey, lets learn. Lets say im not sure i get your response based off the fight. Thank you for the story. Thats right. Slavery, a new gold rush is underway in the flocking to the gold fields hoping to strike it rich as children, a tool in between gold was very poor. I thought i was doing my best to get back to see which side will have the strongest appeal. Once again, it appears stocks are coming down from that surge over positive vaccine trial data on wednesday. Afternoon. Stocks are raced earlier gains. This comes as certainty regarding stimulus remains high. Were also seeing, look at will looking at just the reality of just how complicated and expensive it will be to roll out. These are seen. So for more on market reaction. Kristie i an editorial director at the American Institute for economic research, jeffrey tucker. Jeffrey, lets start with you. It is after the elections and were still in a deadlock, over this 2nd round of Coronavirus Relief to help all the unemployed, the millions of americans who are struggling with their businesses, a stimulus even still on the table. Now, given that apparently these 2 vaccines have resulted in more than 90 percent africa see, you know, washington isnt complete chaos right now. The whole place is, is broken and shattered and nothing can get done. Weve got a white house that has lost all interest and Legislature Legislation is still fighting the election battles. And the partisanship is absolutely hopeless and, and i dont think that people, washington, actually care that much about whats going on in this country. Youve got, youve got hunger, youve got food banks with long lines. I mean, even in some of the breaches areas of this country, youve got food banks with people that cant keep up with all that the distribution. Theres a depression and sadness of businesses shutting down by the day already in new york. Today, the schools are closing again. So sinks just keep getting worse and worse and worse in this country. So i dont think theres any chance for this, for a spending bill to come out to rescue people. I dont believe. And even if it did a 2nd, do anything to stimulate the economy is a big difference between a giant spending bill and something thats actually going to provide economic stimulus. I dont, i dont think even the best possible bills going to stimulate this economy. And i think all the sudden people are washington forgot that the American People are still struggling much like you said, but new plans for the food bank have grown and are still growing. And were still seeing close to 1000000 filing for unemployment every week. Kristie u. S. Stocks were obviously choppy on one day as investors remain hopeful on that positive vaccine news right in the front that could result in a smoother economic recovery. But is it a little too optimistic given the rising number of, of zombie corporations in the United States. Now, you know, we talk about the rise of these Zombie Companies at the onset of kroner and how, things are not on buyable firms that are adding to the u. S. , this rising corporate debt problem. So zombie firms are highly indebted and continue to incur losses, but they somehow manage to stay alive and continue to operate with the support of constant stimulus and loans. They actually add very little value to economic prospects. So like on a day like today when small caps were originally hitting a bar high earlier this morning, thats actually hiding the fact that according to bloomberg over 500 ratios in the russell 3000 are and act now be corporations. So zombies now account for nearly 20 percent of all large. She was public companies. Now this includes boeing, carnival delta airlines, exxon mobil, macys. Many of these legacy mean to all becomes obvious. They arent earning enough to cover their interest expenses. So now the big question now is, how can we bank on an economic recovery when all of these companies are simply barely came not. And so if you argue that yes, its a good thing to have these barely functioning corporations because at least employs people. Well, thats not really the case because even if they keep millions of workers employed in dead end jobs, they become rest huge, drag our economy because they asked its tied up in companies that can no longer afford to invest and bill and their business. So right now in the u. S. We have entire Zombie Industries or major u. S. Airlines have become zombies in 2020, with it from my 100 21000000000. 00 worth of debt. So the threat is not doing everything in its power to keep these arms from collapsing, but its become increasingly evident that a couple sectors are going through our radical transformation in order to survive. Looks like especially airlines, much like youre talking about this is the Holiday Season and were not seeing an increase in travel at all. Jeffrey and investors are now betting that a rebound is not going to spark a jump in inflation. What do you think . Especially considering that all these firms now are jumping into golden b. P. C. As an unplugged inflationary hedge. Right, and bt has an advantage of a goal because frankly, its electronic and its much more fundamental, tangible and moves a lot easier. So i would say b t, c, bitcoin, at this point is getting all the benefit from the search for a safe haven. You know, during lockdowns become continued to work. People are more and more confident and that theres another factor too, because its actually easier to get now than it was 3 years ago during the last run up. This reminds this run, it feels a lot like 2017 december. But its different now because people can just go down to their local Convenience Store and buy all they want at a, at a quite a premium. But its one of the available. I was looking at the data on, on exactly where all these purchases of the spending is in the movement and on it coming from. Its all over the world. I mean, you know, probably 40 percent of the United States, but it is distributed all over europe and japan and all of the all over the planet. And you cant really say that about gold as for the prospects for and for inflation, of those 2 forces at work and one hand. The flooding of the economy with, by central Bank Created Money all over the world, does seem very inflationary and pretty darn scary. On the other hand, on the other hand, you see a dramatic rise in the velocity of money and a tremendous downward pressure on prices from what has really amounts to a continued economic depression. So these are the 2 things that are working against each other right now. So its really hard to predict. On the other hand, whichever, whichever youre looking at, it looks like cryptocurrency is, are a pretty safe bet, especially, especially since, you know, you dont know whats going to be happening in stocks. And thats absolutely crazy. I know we talked about this just the other day, but its been a really long 3 years were thinking, you know, possibly possible our all time. High traffic wind. Yeah, absolutely. We are going to some all time highs and its really exciting because 3 years ago after the epic collapse of the crypto space, many of the socalled experts kind of left it for dead claiming that its one state or 2. While the child too unpredictable to be any true started out, well, thats actually too bad for them because they quite has not emerged as the most powerful men to rally of the year. And unlike the momentum stocks, which crashed last week, what has actually seen its volatility climb . So be quite old teles now close to 3 years most while still making a very low correlation. And which is amazing for portfolio just like you like we had will probably see in ireland kristie i, jeffrey tucker. Thank you both so much for time today. Thats all the time we have for now. But well see you next time. Theres a lot on the bull, but 1st actually big city, bright lights, you jump but you know geez and many dangers that the glacier that lead to its also a city where up to 300000. 00 crimes are committed every year for the last one. But it will be your last, its still through the reserve league, one police officer. Think every 200 residents in russias capital lost on the english. I didnt think it was true that they were not going to act or sing along the way until last to shape our lead during the vietnam war, u. S. Forces also bombed to neighboring laos. There was a secret war. And for years the American People did not know until our so much that is officially the most heavily bombed country, per capita. Human history, millions of unexploded bombs still in danger lives in this Small Agricultural country. Jordyn would have been going to happen there. Even today, kids in laos full victims of bombs dropped decades ago. Is the us making amends for their tragedy in laos. What help do the people need in that little land of mines . The u. S. Death toll from the pandemic poses a quarter of a 1000000. People Emotional Health care workers complain that devastated by a soul and not least the risk that having to say we is that it is ok for us to be exposed. You cant get it both, but we keep a ya make it. Not unlike the australian inquiry finds the countrys troops may have unlawfully killed 39 afghans over any levon gear period in that countrys war. One of the things compounding the humanitarian disaster here is this year. The ruggedness of these