and i'll be speaking to us of the world of politics or business i'm show business i'll see that. this is boom bust the one business show you can't afford to miss and washington coming up. legislation. and an executive order to hold china accountable for its oppressive actions against the people of hong kong the united states has its hong kong autonomy act and did trade privileges for the special administrative region straight ahead we analyze the move of china's response and how the tensions between the 2 superpowers are spilling over on the

world stage and coping 1000 cases continue to surge in the u.s. but how do the states stack up against the rest of the globe we'll take a look around the world but amid the surging corona virus cases in the united states some pharma stocks are seeing a pop on the hopes for a potential vaccine but could the optimism be a bit premature later on we jump into the race for a vaccine and the possible supply chain issues that could arise once a cure has been found we have a packed show today so let's dive right in. and we leave the program with the latest salvo in the back and forth between the united states and china over the hong kong national security act now on tuesday u.s. president donald trump signed into law the hong kong autonomy act previously passed by congress which imposes sanctions on chinese officials businesses and financial interests institutions that violate hong kong's autonomy now a spokesperson for the chinese foreign ministry respond to the legislation saying sanctions could be levied against the u.s. . made us. the implementation of hong kong national so we've

never seen in order to see only human interest in china make unnecessary and impose sanctions on u.s. personnel and. corrected its mistakes implementing this so called on an action and stop interfering in any way in china's internal failures including hong kong affairs even if the united states when doing so china we definitely make . them meanwhile the u.s. president also signed an executive order ending preferential treatment for the special administrative region wednesday morning secretary of state address the executive order putting the blame on china. as he said it may try to treat some common as one country in a single system so must we. general secretary made a choice to violate the chinese communist party's promises to hong kong in that

were made of a u.n. registry treaty and he didn't have to do that he made that choice we have to deal with china as it is not as we wish it to be other nations are arriving at the same conclusion. and announcing that he had signed the executive order in legislation president trump also at was asked when the last time he had spoken with president xi jinping of china i want to know when's the last time you spoke with president g. of china and do you plan to speak with him in the near future no i haven't spoken to one no i don't have no plan to speak to. with all of this in mind let's get some expert analysis from presser richard wolfe host of economic update and john dean of the miami herbert business school thank you both for being with us today i actually want to start with you here what is the significance of this hong kong autonomy bill and the executive order ending preferential treatment will this affect hong kong status as asia's financial hub. i think it is significant

for the following reason it raises the perception of risk associated with doing business in hong kong now much is going to depend on whether or not china goes fost and furious in implementing this security act and much depends on whether or not the u.s. responds by aggressively removing these preferential treatment or whether or not both countries have made the point and now take a more measured approach in terms of the implementation of the public stance but let me say that it's possible that real estate prices in hong kong equity valuations in hong kong could be depressed as a result of this it's possible that they could be capital outflows singapore looms

large as a potential alternative to hong kong in terms of the financial services functions that hong kong currently provides so i wouldn't say we should be panicking at this point regarding the future of home kong economically but it certainly cause for concern much will depend upon the rapidity and enthusiasm with which the 2 governments execute and implement the policies that are in the legislation and now professor wolf we spoke with you a lot about sanctions in the past on this program are these sanctions that are going to into effect are they going to affect china the same way that we've seen them hurt the likes of iran venezuela or even cuba among the other nations that the u.s. has sanctioned. no all this nimble lands that reads no because china is an economic i will hold and everyone in rome of their country is what it would be our president

. might be described could be frankly as an american i am astonished by the grotesque act quickly hong kong will remain a colony in britain in poland on the chinese when they were weak they always resented it it was going least believe it or not for 99 years it expired 28 years ago or and the chinese have been saying for 20 years they want net territory which will go always there for centuries integrated bag in their society every business that ever invested in hong kong over the last 20 years which is most of them knew exactly what the future held in seoul or whatever you think of the way that chinese aren't doing it i don't think it will make our share of the difference those decisions that take its risks have been made and mostly distant past during my next

trauma who has good reasons to want people to look at other than the disaster of the american economy it won't pass as the kind of awful that these things usually are and now dean quotes i want to kind of go back to that last point from the ministry of foreign affairs there with china what type of sanctions might we actually see from china inria retaliation it is really a similar situation where it might be americans doing business in hong kong and things like that. well 1st of all this is another piece of an ever evolving and complex relationship that is to tary orating by the minute. we've had the trade war we've had taiwan we've had islands in the south china sea we've have the week has and their human rights and now we have hong kong in the mix as well. i think that as i said before much depends upon

what the us does because during the last 2 years what's been very noticeable in terms of chinese diplomatic behavior is that they react in a very measured way to whatever the u.s. sanction on trade has been and i expect to see that same measured approach in the coming weeks and months with respect to sanctions that they impose they will not be they will not be overly aggressive in their sanctions they will be looking very closely to see what specific executive orders implemented by the various branches of government in washington that have been given 15 days to execute the president's order you know you have to remember also the united states runs

a 26000000000 dollar annual trade surplus with hong kong right there are many companies in the us that are benefiting from that and don't want to see that go away and i want to follow up on some news from to go in as far as having them remove gear from their network infrastructure by 2027 now the chinese moshe weighed in on this actually blaming the u.s. . without any concrete evidence the u.k. said that i found a risk as an equal opportunity with the u.s. to discuss. suppress and exclude chinese companies the u.k. blame violated the market economic principles and free trade rules and breach the relevant promises made by the u.k. the wrong the season seriously damages the interests of chinese enterprises and severely impacted the basis of mutual trust in sign of british cooperation now the us president actually essentially backed of this claim saying that this was his do it. we confronted untrustworthy chinese technology and telecom providers

we convinced many countries many countries and i did this myself for the most part not to use while away. because we think it's an unsafe security risk it's a big security risk now the u.s. on wednesday also placed visa restrictions on chinese tech firms including weiwei citing human rights abuses so professor wolf i want to bring this back to you why are we seeing other nations acting on the behest of the united states when it actually comes to walk away. well 1st of all there are many nations that mr trumpet badly spoke to who ignored what we had to say written or that actually not typical for their response number 2 with the british had originally it's either all we can or mr truong apparently boris johnson field and that will be in nearly as much economic differently as mr trump is hoping desperately for a trade union or

a bailout with theirs as well. and these were a good trade there i'm not calling on there to american sanctions in precisely the way that other countries are not if you will own the notion that we called weiwei has an official relationship with the chinese government and the chinese military which they do is good grounds for mad that and then you warn that sainz after inviting every country on earth. culprits relationship with microsoft google apple and all other major american companies who have really you know we met with the american government and military for decades professor richard wolfe host of economic update and of course we could we go into this for hours that's the dean of the miami herbert business school thank you so much for your time thank you thank you.

and let's turn to the copan $1000.00 pandemic which is still gripping the world despite efforts to reopen economies now the u.s. has been a hotspot for cases of the coronavirus for months and set another record for new daily cases reporting more than 67000 on tuesday so let's take a global look at the spread of the virus with r.t. correspondent side have a day or so where we were wide. right now there is more than 13500000 people around the world diagnosed with a cold in 191717 point 9000000 over which have occurred have recovered and more than 583000 now here in the u.s. over $3500000.00 confirmed cases and 45 percent of which have recovered and another 139000 dead now looking also at the trend of the 10 most

affected countries now the u.s. is of course continuing to climb up now brazil is going down a bit but still averaging about $45000.00 cases per day india is going up significantly while south africa dipped just a little bit but still not my much now other countries like peru mexico colombia and iran remain the same average cases per week but one country that you don't see here in the top 10 is a chilly day that's now being replaced by iraq now mosul which new cases being contributed to casinos gambling halls and nightclubs in the capital backed out all of which have been ordered to close so we'll see in the coming weeks if iraq remains on the top 10 countries list brant and now heading back to the united states here what are we seeing when it comes to hotspots within the states so the

u.s. right now is reporting an average of 62000 and new cases per day now more than triple the average just a month ago brand also there's new hot spots emerging in places like. in states like oklahoma nevada which are now reporting a record number of new cases hospitalizations and deaths now while other states are seeing a new surge in numbers the majority of new cases remain. in texas california and also florida but here's the thing florida has about half the population of california and about 25 percent less than texas and as of tuesday florida had the number 2 death rate in the country in fact the number of new cases reported in florida alone or the past week surprises the total count in most european countries and you know if loredo is its own country it would have the 8th highest case count

in the world but whereas new cases in florida are mostly in the miami dade county now they're spreading to other major cities in florida like jacksonville orlando in naples same petersburg in tallahassee so it's going everywhere in florida and currently 54 hospitals have reached i.c.u. capacity in florida with 0 beds available now 10 of those hospitals are in the miami dade county now another 40 hospital show i see use a 10 percent available capacity or less and then there's another thing is that both the c.d.c. and the world health organization brand now recommend that people were masked as a way to slow the spread of the virus now in fact the c.d.c. even stressed that the u.s. could get the pandemic under control in less than 2 months if every american were mass but while a california and even texas have issued requirements to wear face coverings in

public florida still refuses to set any kind of mandate once again living it up to local cities and counties to set their own rules so we'll see as we've actually seen in the video going on social media american some americans deserve fusing to our mass saying that it's a friend and there are freedom of choice now lastly really quick i just want to discuss testing brant as the u.s. administered more than 760000. tests on tuesday now that's the 2nd highest number of tests conducted in a single day but i also want you to hear what the president had to say about the testing this week. so we do the testing and by doing the testing we have tremendous numbers of cases if we didn't do that as an example we've done 45000000 tests if we did half that number you'd have the cases probably around that number if we did if we did another half of that you'd have half the numbers everywhere

would be saying oh we're doing so well in cases. yet even president tram's own medical advisors including that the anthony have said that the recent surge in cases is a sign of an expanding outbreak and not increased testing brandt r.d. correspondents are tabular thank you for keeping us up to date. and time now for a quick break but here because when we return the race for a covert 1000 vaccine is heating up and markets are responding to the optimism but is it truly warranted straight ahead we take a deep dive into the race for a cure and the shipping stocks and as we go to break here are the numbers at the close.

sort on the t.v. on about the world and what's happening around me i see she. those are the screens began last every day because the fake news narratives that a state lead to maybe cooling his clock believed enough listening to star map the barbara platt british globalism make it out plainly off that in this war but i found a network that question sorry he's a great cruise that space civil strife climate change stop it will be cool to see him fly lists all the mainstream wants to do is keep us quiet you watch the right

you can't keep a stylist critical points the focus fake you question inside direct we don't take sides we walk the dog are t.v. america of means real talk. you cannot be lonely with yeah you're right. i'm holland cook i invite you to climb with me above the main stream media empire and from that higher fantasia to glimpse the big picture question more.

and welcome back for all the talk of needing a coronavirus vaccine it appears that in record time we are very very close to having what the united states top infectious disease specialist dr anthony fauci the 1st covert 19 experimental vaccine which was developed by his colleagues at the end i h. and would earn a will start its most important step around the 27th of july now this will be a $30000.00 person study to prove if the shots are strong enough to prevent against the corona virus president trump is applauding the move saying that the u.s. will reach a vaccine in record time through operation warp speed we will deliver

a vaccine and record breaking time we're doing very well on the vaccines we have many many different vaccines being studied right now many of which are looking really good and we're ready to distribute the vaccine when we get it we're all set . but record time in reaching a vaccine can also be problematic as some health experts are warning. we ought to be careful we don't want to rush the science and we all know it developing a vaccine and it's a difficult process it's not always a straight line so if everything works well we can and to support it may be the beginning of the year sometime 1st quarter of the year we might have some results and it would be wonderful. if everything is working right on schedule. and joining us now to discuss our boom bust co-host christine. christy i want to start with you on this madonna has been out front of just about every other

pharmaceutical pharmaceutical company when it comes to this vaccine and that has translated into skyrocketing stock prices give us an idea of how this latest news is landing on the burner shares are surging today as a company says the coronavirus vaccine trial is producing some quote robust results in all 45 of its patients so it was trading up as high as 16 percent in after market hours upon news that the investors reined in their excitement so in terms of the stock it is now back to the previous highs back in mid may upon the 1st indication that it's vaccine was a potential candidate in the fight against quanah virus now over the past 2 days madonna has jumped about 40 percent obviously on this piece of news today but also on the fact that on monday the nasdaq indicated that madonna would be included as a component of the nasdaq $100.00 and next starting july 20th so this means for the stock it means more liquidity and more exposure for madonna through passive e.t.f. and next investing which is something that has been gained traction over the last

decade or so year to date in total darkness now over 300 percent as it started january just under $20.00. you've been a pretty vocal critic about concerns over madeira and the and i age and i want to point out that my. turner has never brought a product to market yet has received $500000000.00 from the government and there are marketable other companies in the same boat including novak's which is actually received 1500000000 dollars to develop a vaccine by 2021 again never having brought anything to market so what about this latest announcement gives you pause. well that you just touched on some of the right there there are really 3 issues with modernity number one the fact that so far in their process of creating this kind of fast tracked vaccine well they're now has skipped over very common practices not law but common practices that are used in order to develop a vaccine one of those is to conduct animal trials will learn

a decided they were not going to conduct animal trials are going to skip over that step that's a big step to jump over also the fact that as you pointed out they've never brought a drug to market in the entire history of the company enough think about that that means they have never been able to get f.d.a. approval for the development of any kind of drug and then thirdly and i think this is equally as important as the other 2 issues is the fact that will do is not using covert 19 they're not using the actual virus in the development of the vaccine work over 1000 that is a highly unusual step to take. i'm sorry i got to follow up on that last point you're saying that when it comes to of the vaccine would earn a is not using covert 19 how unusual is that and if they are using covert 19 what exactly are they using right so that is very unusual and this is why moderna claims that they are kind of the new wave the next generation of pharmaceutical companies

because what they're doing is they've they've essentially developed an artificial am already a strand that they're using in order to essentially trick the body into thinking that it has a very like case of corona virus which triggers protein spikes in your system that will fight off the actual virus but this is theoretical in many ways it's never been done before and it certainly has never been put into practice before and what's really concerning about this is that will durness started down this road back in december working with the end i ate in i each side interest we're doing this modernity been working with them that's why they have the fast track but he. they are using a whole set of processes here guys that are not common vaccine development because they're going to little time here but i want to touch on one thing here we do know that earlier this year the 5 top executives have sold $89000000.00 worth of stock even as they're attempting to raise up to $1000000000.00 in a stock offering do we know why they actually did that well in total now that

that's about a little closer to about $100000000.00 where the stock sold in total so these sales on the dharna there triggering a bit of a political debate because you don't want to be exploiting a crisis to make money but the truth is that any company that's going to sell a vaccine is going to be making money on a crisis so that for example the company's chief medical officer he cashed out the majority of his available stocks and options netting over 35000000 since january so i don't believe that there's any misconduct here like most companies there is a lock up period for execs and fixed schedules so the execs are selling in order to hedge their risk exposure and also to play into the market optimism on positive developments so i don't think it's so much that they don't believe in their product they're hedging so they don't put all their eggs in the basket because back in may there was over enthusiasm over excitement all excitement over something that's been yet to deliver so when the market's pricing over something that's already been delivered you will want to cash out i think it's very reasonable co-host ben swan and christiane thank you both for your time thank you. and that's it for today you

can catch us on portable t.v. 5 at portable t.v. see you next hour. during the vietnam war u.s. forces. there in laos it was a secret war. and for years the american people did not know. how much it is especially. everybody country per capita all human history millions of unexploded bombs still in danger lives in this small agricultural country jordyn wieber. even today kids in laos full victims of bombs dropped decades ago is the us making amends for the tragedy in laos won't help to the people need

in that little land of mines. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being. direct. what is truth what is faith. in the world corrupted you need to descend. to join us in the depths. or a made in the shallowness. happens

only on this is america where you businesses were quick to line up to get their hands on the small business loans from the federal government but the data released last week shows that the entire funding came a free money for corrupt organizations and for the friends of family and politicians. will tell you. about the businesses the took advantage of the p.p. the funds and also city council members and other officials across the country have been found guilty of accepting bribes to pad their own pockets later in the show the house and senate unanimously approved a bill that eliminates the statue of limitations for child sexual assault giving

survivors hope for seeking justice don't go anywhere america's lawyer starts right now. many businesses connected to lawmakers to qued sums of money from the p.p.p. fund set up by congress and so did the catholic church and there's plenty of corruption to go around and we're going to talk about of get fair and cousins from the trial lawyer magazine fare and i suppose the most agonizing thing about this to me with the catholic 'd church taking in more than $3000000000.00 ok more than $3000000000.00 is because they brought it on themselves with that if they if there's another abuse scandal you know it's never surprise you hear about it every day and i think they've paid someone godley i'm almost 600 i mean the numbers are stuck $600000000.00 and just in pay.