And on a welcome to well to part b. In less than 2 months our notion of a Work Life Balance has been trained and its had many of us the longing for the being screen used a little bit about our jobs and resenting the things we used to be beer about our private lives the historically unprecedented response to the call with 9 demick has definitely mass our lives that is what will they just will be alive once its over its about to discuss that im now joined by kitty in the short run at russian political scientist and a popular you tube or you can tell its always a great pleasure talking to you thank you very much for carving out your client asking out its it is a kind of. Life balance. Where you get to your study its a kind of going to write a song think brings that kind of that forces you to your day. And in fact i think you in particular have been talking about in merging all work im trying to live as a major social in a labor trance for quite some time i think youre going to get me ther
Labor department reported on thursday now this came in below economist estimates of nearly 1500000 jobs lost and fell 249000 from the previous week marking the lowest level since the start of the pandemic now while this all sounds very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844008 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq is continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last. What so why is that well to break it all down this disconnect th
Very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844000 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq has continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last 4 month so why is that well to break it all down this disconnect that were seeing lets bring in some expert analysis from cohost christiane a moslem chief market analyst at the trade thank you both for being here its great to. Have you back so lets start off with you whats propping up this mark
24000000. 00 people are being affected plus. It took me a long time to get well about 6 weeks before any sort of normal again because i talked with a former covert 19 patient from new zealand to tells us what life is like today. 14000000 people have now been infected with covert 19 globally and more than 600000 people have died of endemic has appended our daily lives in many wondering how close we are to a vaccine over such as around the world of racing to develop more than 150. 00 potential vaccines there are 4 that are providing some positive results there is the university of oxford test is an echo which is testing its vaccine in large numbers of people in the u. K. South africa and brazil its expected to release the results of its 1st human Clinical Trial shortly on a strain on the university of melbourne and childrens Research Institutions also conducting phase 3 trials and Chinese Companies sign of act and sort of farm have both moved into phase 3 testing in brazil and in the u.
Following the trials from Oxford University. We know that the university of oxford trials with astra zeneca prepared to actually do the manufacturing we know that they have progressed now to phase 3 so large scale testing what were waiting for is the publication in the medical journal the lancet of the results from phase one thats back in april where they started with just 500 volunteers so what we know is that the the there are no major side effects otherwise they couldnt have gone to phase 3 but we dont know is the detailed data of what they found out during that phase one stage indications are over the past few days sources and reports indicate that the Oxford University general Institute Vaccine program appears to be producing a double impact in the volunteers both an antibody response now antibodies are y. Shaped proteins which attach to the virus and essentially lock it in prevent it from infecting human cells or and also a t. Cell response as well now 70 cells are regarded as ki