Dot com, chris from elan. Chris, lets start with you. It seems that despite all of this positive vaccine is because weve practically heard it every day. This week, markets remain sort of stuck at these levels and covert 1000 cases. Still surging. Is this something we should expect to see these sort of patterns for the forseeable future . I really think the market got a little over extended that ive really are this year in september. And if i want to put in that high in september, we have got as much needed was in the overall stock market. And really this multi month sideways consolidation really is a pause at this point because i do think the stock market wants to go higher. Were going to have more stimulus eventually that should push these markets to new highs. Once again, we do have the holiday rally coming right around the corner here for us equities. So i actually think the market has just taken well deserved breather. And i actually didnt really continue to see this market move higher. And i think the leading sectors that we saw this year, like technology, even solar clean energy. I think those sectors are actually going to continue to do very well, especially going into you know, round 2 of code that were going to get into the prime cooled once word spreads very easily. Weve got multiple holiday seasons coming up, were people are going to get through social. So i think were going to see a rally going into the year ends and the markets are primed and ready for it. But i do think were going to have that 2nd wave a little bit where eventually the stock market prices will start to riyadh and realize, hey, weve got a vaccine. Thats great, but its not going to stop wait 2. And were months away from getting any of that exceeded play. So there will you meet us, but i think it will be early next year in the stock market. And were already seeing at some of that bounce back. But then tack a tech sector. It is doing pretty well, but again, much like you said, a lot of volatility remains until that vaccine is actually accessible to the public. Now kristie, lets turn on the unemployment numbers that came out on thursday morning. The Labor Department showed those numbers rose to 742000 last week. This is the 1st increase weve seen. And about 5 weeks now, are we going to phoenix number 30 again, because of the increase in encoding 1000 cases, were saying yes. And i dont think this was a surprise to anyone given the daily number of surges in new covert cases every single day. So unemployment is actually like an indicator. So weve been saying for weeks now, as we get further into this 2 season, the 2nd wave is going to be more apparent and stricter lockdowns emergence are parts of the nation and businesses are forced to either reduce capacity and or operate hours. Were likely to see more unemployment furloughs to the holidays. So this week you see an assault on the biggest surge in jobless claims. And its continuing claims. Have continued to fall data show that americans have been transitioning and rolling on to the pandemic emergency claim. And step, so that decrease has pretty much been entirely offset, so that aggregate number of unemployment claims still remain above 20000000. And that actually just a conservative estimate, because remember at the Unemployment Rate is artificially depressed by excluding the people who might be earning just a few dollars a week, way below Living Standards or those who have stopped looking for work. So the real Unemployment Rate in the u. S. May already be relevant for a successful and chrystia you mentioned it might as well be a lot of benefits are being lost that actually on december 26th, a lot of these benefits are expiring, correct . Correct . Yes. And so basically this time, the unemployment level going into year and were going to see significant increases in unemployment. Were going to see not instead of consumption levels this holiday season, were probably going to be going into the worst holiday season, which also means less for hurst, less deliveries over workers in the countrys highest earning industries. They are seeing a quicker job recovery. Its only a 2. 5 percent point higher than they were prepared that mic levels while the bottom earning industries that really remain unemployed and struggling, even though they represent only 24 percent of the workforce. Now those include retail, leisure, and hospitality, and agricultural. These are the non durable goods at the bottom earning, and then you have the others that are financed durable goods and professional and business services. Is this a sign, the American People or the, the American People are now more than ever in need of some sort of stimulus . For sure. I mean, theres no doubt that the stimulus is needed. I mean, you look at the lowest 30 industries. Obviously there are great margins as soon as things get tough, they have to cut costs, which means employees, they go out the window. Unfortunately, thats what we saw a massive spike of unemployment, you know, in a relatively small sector of the workforce. I mean, they only account for 24 percent of the workforce, but 50 percent of people unemployed right now who filed for unemployment are from that sector. So its definitely needed. Obviously, theres not a lot of confidence there. There are a lot of times lower paying jobs. These people need some type of stimulus, some type of plan to keep them going. And, you know, these jobs are also more of the social jobs be their, or their travel, their leisure, their retail people going out and buy things, and in hospitality. You know, all those things are really come to a grinding halt and really there is a really winding down get tougher to run those type of businesses in buy and do things like that. So theyre in for real whoa, world of hurt if we dont get a stimulus plan thats going to support that. Those sectors. Is there . Absolutely. If especially given the timing of all this and whether or not remain to see the stimulus come at the beginning of next year, because it doesnt look like that. Anything is going to happen the next few months. Kristie, despite thing a quicker akari. From the pandemic, china is now borrowing at negative rate. So what do we know about that . So china actually finds itself in a very troubled spot right now, as it is basically the only nation who is still expected to grow in 2020. It is the 1st major economy to restore production and most of the nation services. So the economy is forecasted to expand about 2 percent 2020, 5 percent next year due to increase in domestic consumption. So meanwhile, most other nations are still struggling just to contain the spread of the virus and theyre in the midst of obsession. So as such, china now is essentially getting to our own. China has told the nations 1st met, you only saw him on wednesday, a very strong order book from global investors. So asset China Remains to be a compelling story and the offering was extremely attractive to investors. Searching for yield, as a pandemic, has extended a period of historically low interest rates, pretty much globally. The demand demonstrated that International Investors are very confident in trying to rebound story and its future developments, despite the lingering overhang. And it really also show that global investors, theyre still under exposed to china after rushing to pull out rast, year after a barrage of attacks from trump making the entire vironment very uncertain so that it definitely is a scarcity value perceived in the bonds. Looks like thats what is chris her meal and thank you so much for your time today. Im breaking this down to christy. I stay tuned because were going to have you up in the next segment. Gold is making a decline in its 3rd straight session as demand for bullion subsides, but people are actually rely on borrowing through banks and other sources to fulfill their financial needs and the pandemic. Theyre turning to gold loans to reach 62800000000. 00 in fiscal year 2022. So here to explain the industry and what the trouble is, christiane. And we welcome c. E. O. Of penn toper for strategies. Michael pentode christine, lets start with you. Cover 19 has resulted obviously in the significant amount of job losses. As we just discussed, people have had to rely on these borrowings gold loans now through and b, f cs, and these banks. How do these loans work . So the goal, an industry that has been in existence for a really long time now, and they have always acted as a polish support for Small Businesses and households in need of emergency short term assistance. So you always hear about will be a state. There are people telling you stash for hard times, so that doesnt mean you take a gold bar and go by who, rather its used as collateral importer to obtain emergency financing to make you stretch on until the next paycheck. So the pandemic this year goal is have increased by over 30 percent in some places like india, who is basically meeting the old law market right now. So old loans have been the preferred method because most Banking Institutions have recently and their underwriting wants for months, which means less liquidity for small entrepreneurs and businesses. Many businesses, especially in rural areas who lack formal documentation, are relying very heavily on these old loans to secure working capital and or to restart and continue their business. And on the other hand, for lenders, this is also very preferred method of lateral since old loans dont face major issues in collaboration and dispersed net. So nowadays with the higher voltage, i suspect the forecast today is this great leap benefits that constrain return. Is there anything worth your more important time over every month to coronavirus is just a sure thing that is going to last just a few months, but given how long it stretched, many people are now on their last legs or to be changed course of the turner i have to keep in sounds a lot. Well, michael, what do you make of this goal . The lending market . Christie said india is obviously doing really well. Its expected to reach 62800000000 and 2022. What do you think . Well, theres 2 main raps you know, drawbacks against owning gold. It doesnt take in the interest and its illiquid. Those are the 2 main reasons. People give you for not only gold . Well, well guess what . Guess what else doesnt interest . J. R. s doesnt pay interest and Government Debt doesnt pay interest, so you can throw that one out the window. And then theres this elite issue like, you know, my only goal. And when the Zombie Apocalypse comes, i guess im flying somebody to order my gold for chickens and a sim, whatever. But no, this is very cheap components of unlocking the illiquidity issue. Now you can borrow against your gold. It can hold as collateral. You pay back the loan, you get back your jewelry in india, its 100 percent. You know, gold there is 100 percent pure gold. So you can loan your gold there, get some money for it. And you saw that major drawback both in the actually dont exist any longer or. Well, michael, how, how, basically, how are people going to find the money . Are people going to find the money to be able to get their gold back during the pandemic . What youre, how they get us and the money was a very difficult problem that they have to have its way over 20000000. 00, people unemployed in this country. So im not one for stimulus. You know, i believe in free markets, but, you know, we had a 3. 00 trillion dollars Stimulus Program in 2020. Thats all gone. You have the moratoriums are all expiring at the end of december. People that have been paying their rent all year to suddenly pay, you know, years worth of rent, practically. And they activate years worth of mortgages and credit cards and student loans. So its going to be very difficult. I cant answer is a question for you. Unfortunately, i wish i good. Yeah. Its definitely getting even more difficult for people who are not getting any more stimulus unfortunately. But christine, moving over to currency last month, that was the 1st month since 20 their team that the euro was the most used currency for global payments. It outpaced the dollar. Is this the start of the dollar as a nation . Well, that was certainly a surprise. I mean, it was coming in the past couple years have been kind of marked with trade. Upkeep. Will a pandemic induce recession and geopolitical tensions that have all or to reduce the share of international humans in dollars . So the u. S. D. Has weakened more than 11 percent from its march against a basket of major peers. And analysts are betting further drop is coming. So we have a lot about the dollar is a show on the show and how other countries, especially china, india, russia, and theyve all been trying to find a way to break free of the dollar as grass. So it looks like that reality is slowly coming as we see investors and business is dealing more and more with the euro. So currently at the ranking stands last month, the euro was followed by the dollar and the japanese. Yet, the Canadian Dollar over chinas arent even those that slot last month. So you might see the beginnings of you guys, asian, especially right now as were in the middle of a 2nd wave and struggling simply to be gained. Putting our, i dont think were quite there yet. The dollar still remains the top, her unseeing with all cross border and International Debt securities denominated in, the u. S. D. I mean 85 percent of all foreign transactions still occur against the dollar. And it accounts for 61 percent of the official Foreign Exchange reserves, which is doubt significant. Range from its peak, but its still have the number last. So i dont think were quite there yet, but we are certainly going down that path. You know, its like what we might be getting closer, michel, your thoughts . Well, you know, the eastern bloc nations just signed a huge trade pact and i dont meet kind of know why would make any sense for them to do that. 3 inducted in dollars when they can use renminbi or youre on, you call you on yen or even the euro. So it just doesnt make ends any sense . Dollar hedge, amaury, by the way, has been losing 40 for many years. And now its starting to accelerate its own will probably see it continue to accelerate, at least in the foreseeable future. Michael pentode of pent up our flow strategies. But with cohost christi, i, thanks for joining us to break this down time now for a quick break, but when we come back while the c. F. O. Is back in a Canadian Court facing extradition, now a border official testified that it was a pedia article which caused him to question, lets play next as we go to break here, the numbers at the club because she has money is something from the 20th century, the 19th century in the 18th century. And is being discerned to mediated or disrupted by bitcoin, which offer price discovery, the price of big is perfect. Its it mimics nature in that way. Its like the photosynthesis of money. Its a perfect price discovery. The perfect market maker between risk and reward between consciousness and humanity. Its absolutely perfect and thats why people are running to it. Now, in the shilling family, during the vietnam war, us forces it was a secret war. For years, the American People did not know how much it is officially the most heavily bombed country per capita in human history. Millions of unexploded bombs still in danger lives in this Small Agricultural country. Even today, kids in los full victims of bombs dropped decades ago. Is the u. S. Making amends for the tragedy. And what help do the people need in that little land of mines . What can we expect from them by didnt ministration when it comes to russia . As things stand today, relations are brought about by us or if it is replete with hard liners in your columns with a long record of Foreign Policy failure. Could relations continue to get worse as all those in the boom, but at least National Like big city, bright lights, you jump, but you know, g. s and many dangers of the rest of the globe. Atlanta. Its also a city where up to 300000. 00 crimes are committed every year for the whole of the last little bit more than your mosque, its filled to the reserve least one Police Officer think every 200 residents in russias capital cost on the wish. I didnt put them out of my tree that i will not go up boy soon because of those who would have to last join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics. Sports business, im showbusiness. Ill see them the extradition trial of wall ways, chief Financial Officer continues in canada on thursday. Defense Team Continues to grow a Canadian Border agent who interrogated mainland. So before her arrest on a warrant from the United States just 2 years ago. Hearings in the British ColumbiaSupreme Court this week and next week theres the consist of witness testimony from canada, Border Security agency, and Royal Canadian mounted police officials. This is all regarding their conduct during a bust a geisha and even her arrest. Joining us now to discuss the case of journalist, but this one who has been following this case since it all started a few years ago. Bennett lay this out for us, the claim. The makings her tell us what defense team is making of the case. Yes, intially what theyre saying and at its core what theyre saying is look at essentially the Canadian Police and the Border Patrol in canada. Customs agents broke the law in the way they conducted this interrogation, main ones over travel to canada. She was actually headed to another location. She was stopped, she was detained, she was questioned. The problem is, she wasnt arrested immediately. She was told that this was just a routine discussion. They were having just talking about, you know, typical custom stuff. Her cell phone was taken away, her laptop was taken away, and both of them were searched by customs agents and Law Enfor