More times cheaper than foreign vaccines based on m r n a technology with similar, similar efficacy rates for russian citizens vaccination with clinic we will be free of charge. Now for comparison sake, pfizer and bio intakes vaccine is expected to cost around 20. 00 per dose. The c. E. O. Of modernity said this week its drug will cost between 25 and 37. 00 per dose. And the astra zeneca vaccine being developed with Oxford University is estimated at around 3. 00 to 4. 00 per dose, all 3 of which will require 2 doses. On tuesday, the 2nd interim analysis of trial data for russian sputnik back b was really showing the vaccine had a 91. 4 percent efficacy in preventing a Coronavirus Infection after 28 days and was more than 95 percent effective after 42 days. Meanwhile, hungarys foreign minister of on monday said the country will be the 1st in europe to begin testing. Sputnik be adults our last weekend windows, i guess because the next one arrived in hungary and arrived together with the necessary documentation for the one we carry to carry out. Which will help our scientists to decide whether this vaccine is recommended for the hungarian were not the last week the European Commission took issue with hungry sputnik. The trials raising concerns that bypassing e. U. Regulators could affect public confidence. So with all this in mind, lets go ahead and take another look at the trends and spread of the virus globally with our chief correspondent side were things to get. So lets take a look right now were more than 59000000 confirmed cases around the world have been infected, occur in a virus on the u. S. Continues the lead the world infections with the more than 12800000 cases followed by india with 9000000 and brazil with a 6000000. Now take a look at the daily case count. There were almost 180000 cases just on monday. Now thats in 50 percent increase compared to only 2 weeks ago and brand while we think its now its bad news now with 12000000 full cases in the u. S. Theres also a new projection just published by the Washing University in st. Louis said the u. S. Could nearly double its current numbers to reach 20000000. 00 in less than 2 months. So whereas this month in the vendor, we saw 3000000. 00 new cases. That number might triple in december and january, and this prediction also comes a scoop in 1000 hospitalizations. Are exploding nation allied now. The u. S. Is currently on pace to surpass 85000 hospitalizations. A record as 30 of the 50 states reported Record Number of patients this month. Now, in the midwest, a dozen states between ohio and dakotas have been especially hard work case rates are more than tripled than any other region in the u. S. In fact, for many june until now, reported cases in the midwest where you see all the dark colors there rose more than 20 times. Now if you take a look at the daily deaths on average, were looking on monday. There were 1332. 00 deaths and making the Monthly Average 1500. 00, and thats a huge jump from the countrys elative lee know of roughly 500 average daily deaths in july and with cases and deaths going up. So quickly, officials are now of course, imposing new restrictions and really begging the public to limit gatherings and travel, especially heading into the holidays. Now adding to all of this stress is that some of the new restrictions are also throwing people out of work once again, which would reverse the job gains. John gains since the spring and even pushed the unemployment rates back up again. And we already saw that last week when the number of actually americans seeking unemployments. It rose last week for the 1st time in 5 weeks. And this is very dangerous for the nation right now. Because right now about 20000000 americans are receiving some sort of unemployment benefits, but about how full of those they want to lose benefits. When the 2 federal programs expire as end of the year. And of course, given the political gridlock, no one is anticipating any kind of a new program before 2021. Brant notes are we just broke down these vaccines for at least the general public. What are we looking at in terms of distribution . So right now pfizer expects to produce about 1300000000 doses in 2021 were as they said, theyre on track to manufacture and they were between 500000000 to 1000000000 doses globally in action astra zeneca, they plan to manufacture 3000000 of the vaccine, right . 2021 now russia wouldnt agree theyre planning to produce about a production a 1000000000 next year. But remember this most of these vaccines theyre giving in actually 2 doses. So whatever that number is, cut the production in half. And what does that mean for 2021 . Is that anything as early as january 1st, some which most likely go to Health Care Workers . Then were looking at february and march nursing homes, then most likely and a problem for them or ronna World Population said dont expect a widely available vaccine for everyone to add leaves april and may 2021 percent r t correspondent side thanks for keeping us up to date and it seems like all year long we have heard about the struggles of the Airline Industry. You know, those struggles are part of the reason for the massive bailouts provided by congress over the summer. But were those bailouts enough to save the industry or will a new round of lockdowns send the industry plummeting again . Well, joining us now to discuss a boom bust cohost, ben swan and christy i always a pleasure to have both of you on together. Ben, i want to start with you on this. How bad are things getting for the Airline Industry at this point . Yeah, its gone really from bad to worse. Originally, the Airline Industry had projected the beginning of this year. They were going to lose about 100000000000. 00 total. At this point, it looks like it will be one 157000000000. 00 in total for the Airline Industry last time. Remember, as you mentioned, there were a lot of bailouts earlier this year. Those expired, obviously, were used up by october and theres been no relief packages since then. So the Airline Industry, now that were talking about a possible 2nd round of lockdowns, not just in the united states, but worldwide. Things are not looking good. In fact, several Different Airline c. E. O. s are saying that the aviation industry, this is airbus, the c. E. O. , will not reach precrisis levels brant until the year 2025. That is now the predict prediction in terms of getting back to precode levels. Thats assuming, of course, that the trajectory from here on out is upward rather than stagnant kristie. I want to shift gears and talk about the broader economy and maybe we could call that some good news. The dow hit record highs tuesday following. The trump administrations move to begin the president ial transition process. President trump actually spoke about this record day today. As the stock markets just broken, 30000 never been broken. That number, thats a sacred number, 30000 and nobody thought theyd ever see it. Thats the 9th time since the beginning of 2020. And its the 48th time that weve broken records in during the trumpet ministration. And trump was quick to obviously tout that 30000 numbers, but didnt actually mention transition. What was their actual fear in the market about a trend that a transition might not take place or that it might just be delayed . What are you seeing there, christine . I mean, there was a lot of speculation and fear are already on record november, that theyre not going to be used in the transition, especially President Trump back then declaring actually were not relinquish his position so easily. So there was a consequence and any market price set in a little bit more, i think the market comfortable that there will not be any major issues or destruction during this transition period. And so we have today where the doubt is breaking over 30 cows and 1st this rally has really been driven by an asterisk next to research on the cool down. So its a bit of a catch up training now that the big election overhang has that. And this was a big reason, specially after johnson was the stray. Should she told president elect joe biden, that the company ministration is making federal Resources Available for his transition into office. So president needed actually approved of this move, even as hes continuing to. So the market really digested almost constant news, no hope for economic recovery, very well. And since coronavirus is now back out of headlines, all Political Uncertainty has now reached the bar kristie as a follow up to that we just heard, sire talk about the general population is going to see a vaccine until likely april may. And thats just the start of that vaccination process for of the united states. Were talking about what 350000000 people, 1000000 people. So if this all just going to eventually drop out or can these markets sustain these record high and continue to go up . I think itll be difficult for the markets to actually sustain this because markets are always forward looking. So they look forward to as positive news a quarter out to carry out the banks that end of this month to draw. However, iraq could happen now and maybe next year, so there could be delays, it could be transition period. It could be before just simply not refusing to take a backseat. So a lot can happen between now and then. But right now as the current projections, people are pricing in one where cheap queries out. The gentleman seen actually no better. I can just go ahead and yeah, can i just say about that 2 things very quickly. And i think chris is right about that, but something she said there, that i think we can just skip over is the fact that about 50 percent of the American Population right now says they do not want to take a coronavirus vaccine. Thats going to have a huge impact if stay at home orders, if shut down orders, stay in place until a vaccine comes along and half the population says, im not going to take it. How does that affect the policy that gets put into place that decides whether or not, you know, business is reopen an economic shutdown . Fallout. The other thing is, its important to remember is that even as recently as this week, dr. Anthony fauci said, well, even when a vaccine comes along, we may still have to wear masks and socially distance. So if you own a restaurant or a bar or if you are in the Service Industry of some kind, you might not be getting back to normal. Whatever normal is for a very long time, regardless of the vaccine. Absolutely, ben, i want to hit on another point here. We got a kind of a bevy of stories today. When we talk about the incoming biden administration, president elect joe biden is expected to nominate former Federal Reserve chair janet yellen. As the u. S. Treasury secretary, the some we talked about on monday. Not only with this break the gender barrier for the role, but it would place a very distinct set of leadership into the position to turn around this economy. Would it not . So heres the thing, you know, im the fan of the Federal Reserve. I dont like the way it operates. I dont like the fact that it has so much authority over Monetary Policy, which i believe constitutionally belongs to congress, and Congress Kind of abdicated that and just handed it over to the Federal Reserve. Janet yellen, of course, is like the poster child for the Federal Reserve, so the fact that she will be there, i think if you ever thought there was any thin line between the Treasury Department and the Federal Reserve, that is obviously completely erased. But in fairness, is there really a line there . I mean, what weve seen with steve over the last year working with your own power. Essentially, its just one operation anyway. So i think if theres a positive here, it will erase whatever illusion people have about the Federal Reserve, essentially running Monetary Policy and fiscal policy for this country when theyre really only supposed to run Monetary Policy. So i think it does a race that line. Its a positive in that respect, but in terms of what shes doing, i dont think well see a whole lot change because the Federal Reserve has been running the show for years, including when she was in charge. And even now when jay powell is in charge, and now christie, one last thing before we go here. Now we like sagar record highs. Were hitting the dow today because it is getting close to the cryptocurrency path, 19000. 00 on its way to those all time highs over 20000. 00. Will it hit a new high this year . Kristie . I dont think there is any doubt in peoples minds right now market for it will hit an all time high very soon. I mean, were marking cat has already hit an all time high this week to about 3 129000000000. 00. So this breakout is continuing the entire market and ranks higher as well. So we continue tailwind in this market that will only push prices higher. So 1st off as we started out, we see drops in exchange reserves. So this shows that people are moving a bit off of the exchange, indicating that the holy, not stuff like year to date. My mountain on exchanges have dropped 8 percent. So this is really significant because it shows that there are more appetite to i then sell at her price almost like the rally. So secondly, we talked about the rising institutional demand in the past month. Hey, power 70 percent of all the new lead mine decline and that is only expected to increase. And finally, this market demand is primarily driven by spot demand misspells. Im pretty crisis. Production is relatively inelastic. You cant see that mining much more from here. But meanwhile, demand is heiling up. So this market is really leading the Derivatives Market right now. And this is really important because the opposite was true. Last year. The futures market led the rally, then became susceptible to water price movements and some dislocations. But this time its the spot market thats leading, not leveraged product. So the demand, israel, well, next time were going to have to talk about exactly how high it can go. Boom bust cohost, ben swan and christiane, thank you so much for breaking it all down for us. Thank you. Now for a quick break, but hang here because when we return, despite the toll of the 19 on the united kingdom, experts are warning that it could equally state the island nations economy. Straight ahead, were going to dig into the details with the numbers that the quote you are a member of the old peak oil or gold argument. Were running out of oil running out of all. That of course is not true. In the case of big because it is absolutely scarce and 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 all the 900. 00 coins per day that are generated through mining will be sucked by the institutions and the market for the postmortem. How did you Major Political parties change to this election cycle . Joe biden maintained an already be condemned by the democratic coalition. Is there such a thing as trump is . Did he change that you were doing the g o p . Im not really a little nobody noticing your motion curves are still decides on the give up on the board with the u. S. Much money there are these would you like to be in the middle, which is based on what you were going to sell the shoes that you do with their welcome back x. Account maker produced pharma pleaded guilty today to 3 criminal charges related to its role in the Opioid Epidemic in a virtual hearing with a federal judge in new jersey, the drug maker admitted to not effectively preventing prescription drugs from hitting the black market and paying doctors through a Speakers Bureau to get more to write more prescriptions for its drugs. Now the guilty pleas were part of a criminal and civil settlement. And now its back in october between purdue and the u. S. Department of justice. The deal includes more than 8000000000. 00 in penalties and forfeitures, but the company will only have to pay 225000000. 00 directly to the government of the Sackler Family who own the company have also agreed to pay 225000000. 00 to the federal government to settle civil suits at this time, no criminal charges have been filed against pacific family members. And as the end of the year nears, there are still questions as to whether british european to go to Union Negotiators will be able to make a postbreakfast trade deal. But irish premier Michel Martin said monday he was hopeful that by the end of the week that we could see the outlines of a deal. Martin said, while there is still work to be done, there has been progress on fisheries and ensuring fair competition for jewel negotiations have been ongoing since thursday of last week, and also on monday, a spokesperson for the hughes Negotiation Team said while they are committed to a deal there will be no delay in the deadline at the end of the year, if you can leave the Single Market on the customs union, there is no possibility to extend the transition period beyond that point. As you know, it and still in the 1st of january is the days we are trying to get a deal for the us to make sure a future Partnership Agreement is in place with u. K. On the 1st january. You either have a deal or you dont have it. You just to be absolutely sure. And i was there to discuss. Lets go ahead and bring in dean of the Miami Herbert business school, john quelch a