this is the one business show you can't afford man. in washington coming up the 1st phase 3 trial hold it 19 of our community under way in the united states we have an expert panel ready to what that the economy and the millions of dollars invested in the journal of the united states the closure of the consulate is adding to the uncertainty of the cradle of. shows today so let's go into.

the largest trial for a potential kobe 1000 vaccine began on monday well mcgurn a started its trial 130008 plan volunteers helping to touch shots under the partnership with the u.s. national institutes of health volunteers will either receive a real shot or a placebo after 2 doses scientists will evaluate the results to see if it can prevent symptomatic cove at 19 for the 1st test site to begin vaccinating is in savannah georgia and a total of more than 70 testing sites will be used across the country well phase one results published earlier this month showed the vaccine was generally safe and had only mild side effects this included fatigue and even muscle pain well the center for disease control and prevention says it typically a phase one study consists of a small number of people to see if a vaccine is safe and elicit an immune response well phase 2 is an expanded and a vaccine is given to people who have characteristics such as a. physical health and similar to those for whom the new vaccine is intended and in

phase 3 the vaccine is then tested for efficacy and safety while normally it takes years to create a new vaccine scientists are working at a record pace that really just hoping to have an experimental version available for health workers by this fall. as of a journey of act scene at which now leads the way in terms of development the senate republicans have one week to get another coronavirus stimulus bill done before unemployment benefits run out a lot to get through today so to help us break it down we're joined by jeffrey tucker editorial director and to toot for economic research and unless co-host investigative journalist ben swan ben let's start with the latest on modern and this vaccine we know that 30 to 30000 people will take part in this trial but what do we know about how this trial is being conducted. there we know a couple things you did a great job of breaking down here how this all works and the reality is modern is not the only one doing this pfizer is very close they say to conducting their own

30000 person trial that's a lot of people to be testing these vaccines i do want to say something about mcdermott though when you look at mccarran of they obviously have a relationship with the national institutes of health that is different than other into teas and the reason for that is because the in i signed the contract back in december that contract was to begin studying coronaviruses not this particular strain but coronaviruses in general and developing essentially. artificial or in a sequences that could be used to create vaccines it's somewhat questionable it's never really been done before but dern is the 1st to do this so they're doing that in partnership with the in the h. and i think you know when you lay that out right now those 3 phases of vaccine trials there's actually a phase before all of that that happens before you get to human trials and that's animal testing modern actually skipped over that step and that's a highly unusual thing it's not illegal. but

a highly unusual thing to have happened so the fact that they're now entering this massive human trial i think there is some people who are concerned others are hopeful well it's very interesting because timing is of the essence with this jeffrey we know that even if these trials are successful it could take until sometime even next year before an actual vaccine hits the market we talked about it being available to health care workers this fall but it really would have had the market to possibly next year to really to really keep the economy moving forward again is this what it's going to take to reopen the full economy and get it moving to where we saw before. rewriters are immense challenges in production and distribution mass destruction of these things you know we saw even with testing that we've seen the us has been done a horrible job it just shouldn't testament even now is for actually very difficult to get tested and some of the tests don't come back for 7 to 10 days so there's this immense challenges and distribution but but you're right to the men in the political class who decided that we're just really never going to become

a normal country until we have this vaccine and let's be clear this isn't like a smallpox vaccine or a polio vaccine that lasts a lifetime this is really just an immunity booster that lasts for for an uncertain amount of time and to tell you the truth i think there's a lot more public skepticism towards you know what ben said is the base of an untested immunity booster than than the political class believes and even flu vaccines are not taken by as many as 4040 percent of the population takes those things every year and it's can be very difficult for these things to be to be widely distributed should be decide on believe there will be about for a very long time but on the other hand there is a kind of a psychological boost that comes from this you know if the markets really believe that the policies that are going to open up until we get a vaccine is going to be very good news well that's exactly what you mentioned the importance of this is the distribution of it how whether or not people are actually going to go out and run you know with to get in line to get this vaccine is another

issue and the fact that they skipped over the animal testing much like ben mentioned it is extremely important just the expediting of the that axion how safe is it and in terms of ok short term effects but what we can look at some long term damage is that we won't see for years that i want to ask one more question though about wondering how the company's stock actually tumbled on thursday after the company lost a patent battle with that actually made up or dies a financial future of its vaccine well what happened and why is it such a big deal you know essentially there was a hearing on thursday and will. unsuccessfully they argue before us patent trial court and this was the company they were suing its patents held by or brutus biopharma covering limpid nanoparticle or l. in p. technology in short it is technology that allows modernity to create their particular r.n.a. 1273 that is the strand that they are using in the vaccine the reason this is important sara is because it is that him or in

a way that modernity is using to create an artificial vaccine this is very important for people to understand well during a is not using corona virus to create a vaccine they have an artificial strand that they have created using m r n a in order to say instead of using the actual virus will do this artificial one it will be safer at a what's your system and cause by proteins and that will cause immunity but what this lawsuit essentially shows is that most dern it does not hold a true patent on this neither does the and i h. so in theory if will durant were able to create this vaccine they would be the only ones who would be able to create it is important there and can i say one more thing it's important to remember this pharmaceutical companies have never been slow about creating drugs the idea that suddenly because there is a desire for a coronavirus vaccine that everyone says oh will suddenly work faster i think pretty much big pharma has maximized as quickly as they can make a vaccine so the idea that we can suddenly do it now because of sheer sheer will

power doesn't make a whole lot of sense yeah definitely interesting to see how this all plays out but i want to shift gears here a little bit jeffrey we know that increased unemployment benefits from earlier this year are really set to expire later this week senate republicans they announced and one trillion dollars stimulus plan is about to extend them but to lower the amount from $600.00 a week to $200.00 is that even fair to workers. that's a different what's fair westray i don't know you know a lot of people been made made unemployment unemployed by governments themselves i think if some of it's a lot of workers point of view they're like i didn't want to be unemployed so somehow the political system owes me money to compensate for what the lockdowns did to me and i completely understand that on the other hand just from an economic point of view pain people not to work is is a very bad idea and it's and what is actually doing is rewarding the political

class for these regions lockdowns to keep going on and on and on so what the republicans may be thinking is ok listen set of eyes people to go back to work and then they'll put a little more pressure on the political leaders to open up the economy so in a sense it's probably strategically pretty smart even if it does seem a little bit unfair than a quick answer here but what else is in this plan well you know there's a couple things they want to do another round of 1200 other stimulus checks nancy pelosi is not going to sign off on this deal though i don't think she wants a 3 trillion dollar stimulus and democrats want to keep the $600.00 checks the problem is republicans have a very short goal line between now and november it's difficult to say we're going to cut that that unemployment from 600 to 200 even though they should because what jeffrey said is absolutely true the political class is essentially saying you can make more money on unemployment or just keep sending checks to people and we'll make them happy democrats said they want to do it to the end of the year i think democrats win this fight and it would be ideal if people would just prefer to go

back to work which i'm sure many do but there are definitely thought that you know are making more money off an awful lot if you make more money yeah i think that really exactly well and also a lot of jobs have been destroyed a lot of people just can't go back to work right. and who else will not come back especially if people who for example work in restaurants or in hospitality that who knows to what extent or when it will come back to that 100 percent like we were saying before jeffrey tucker editorial director with the american institute for economic research and all of us co-host been so on thank you so much for that report. thanks. the latest tit for tat battle between the united states and china now includes the closure of consulates in each country with officials accusing the other side of being in the wrong all this as questions around the future of u.s. china relations and the massive trade deal between the 2 countries are going to love it joins me to discuss the latest rachel what is china saying about this closure of the consulate well beijing has confirmed that they chose to close the u.s. consulate in their southwestern province in retaliation to the u.s.

decision to close the chinese consulate in houston texas now a spokesperson for china's foreign ministry spoke out and he confirmed that not only are they saying that they believe the u.s. is in the wrong here but they're also accusing the trumpet ministration of violating international law take a listen. which the premises of the chinese consulate general are national property of china according to the vienna convention on consular relations and the china u.s. consular treating us cannot invaded the premises of china's consulate general in houston in any way china expresses strong dissatisfaction and firm opposition to the intrusion into the chinese consulate general in houston. now after this announcement china essentially gave american workers 72 hours to vacate the property altogether and we did see a very heavy police presence there so it doesn't appear that either side is backing down right now it doesn't and it really looks like it's this tit for tat like we saw for nearly 2 years with the trade war but what reason is the u.s.

giving for the closing of chinese consulate or their consulate well the u.s. is definitely not backing down here and they are saying that they are actually in their right with international law where this is concerned they say that it's their duty to close down this consulate because they believe that beijing is not following u.s. laws and regulations now we did see a little bit of a statement released by the state department in which is spokesperson claimed the decision was made to protect american intellectual property and the private information of its citizens but didn't really. we provide any further explanation or information for that closure well here we are now in this tit for tat going back and forth once again after trade we saw with the tree we're now we're seeing it with with the hong kong national security bill we're seeing it with the closing of consulate which is the latest where does that leave the u.s. and china relations in the future well it's no secret that we've seen increased tensions between the u.s. and china over in recent months and secretary of state my palm peo is even saying that every a time that the u.s. is made to sort of engage with china is a failure and he said that in

a speech where he called on the rest of the world to join the u.s. in sort of putting more pressure on china cyclists know what he's. trying to engage what we've been pursuing has not brought the kind of change inside of china the president nixon had hoped to induce. the truth is that our policies and those of other free nations resurrected china's failing economy only to see beijing bite the international hands that were feeding it we open our arms to chinese citizens only to see the chinese communist party exploit our free and open society. now as we see in washington as one moves accusing beijing of hiding information about the coronavirus and the future of his landmark u.s. china trade deal still sort of appears up in the air so not remains to be seen how all of this is going to affect the deal in the long run well it really will especially because again there were so much that went into that deal months years of negotiations and details to get everything even the details in writing there

were issues with the language there were issues with the details of what was going to change and when it finally came out it was a huge deal for phase one they were hoping for that phase 2 by november obviously the crowd of ours pandemic changed everything china is now retaliating the u.s. is retaliating the u.s. is pointing fingers at the alleged mishandling of the pandemic from from china and i was secretary pompei are now saying almost a clearing sounded like a cold war against china so it really will be interesting to see what happens between now and november and if we elect a new president what that even looks like because i know joe biden has also been very critical of china because bipartisan issue so we'll keep following it rachel blevins r.t. correspondent thank you so much for that thank you. time now for a quick break but stay here because when we return safe haven assets like gold and even bitcoin are on the rise to break down what may have investors hiding from these risky markets as we go to break here the numbers of the.

taub readout really turned on the t.v. on about the world and what's happening around me i see shows on the screens but in last every day because the fake news narratives that a state. who may be going to school us build enough business with farm after blair brick by brick school to listen to make it have plenty off this endless war but i

found a network that will question science great movies that space civil strife climate change savile will be cool simply lists all the mainstream wants to do is keep us quiet you watch the right you can't keep a sad less critical point says cold perspective question inside direct we don't take sides we walk the dog artsy america of means real talk. you cannot be both with the 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 fan to glimpse the big picture question more. on monday oil dropped as the rising number of coronavirus cases continue to stall commercial flights well the tit for tat us china rising tensions also contributed to the drop as investors thought safe haven assets like gold which hit record highs on monday well to break this all down we're joined by. and c.e.o. of calvin e. financial group david makovsky chrystia let's start with you benchmark brant crude

prices have risen 120 percent from their april lows they remain above $40.00 a barrel but with these new spikes in coronavirus deal is it safe to say that oil markets have recovered well in the interne you can say that yes well prices did recover and they stabilized a bit certainly compared to when they were negative but the recovery might not continued as it is because the oil is now getting hit from both sides on the supply and the demand side so on the supply side opec implemented unprecedented cuts in order to stabilize prices back in may they will soon begin to relax their restraint and begin pumping more north america as we've seen they've already began increasing shale production as fracking crews are getting back to work now so you have a lot of increasing supply coming online on that side versus on the demand side that's also going down because china had a record purchasing sprayed back in april when prices were rock bottom so china began by oil and has now eased off ever since their inventory has increased 28

percent since may as it took advantage of the sale in the oil markets so meanwhile here in the u.s. the summer driving season is shaping up to be extremely extremely weak because vacations states such as florida and california they're seeing a surge in coven 1000 cases so they're limiting travel bowls driving as well as air travel and demand for both gasoline and jet fuel so flights are now only accounting for 50 percent levels since the start of the year and traffic is still only 40 percent since the big. any of the year so demand has really towed if not decline without china's participation so that's going to weigh down on oil prices going forward you know if they were going to continue to see that david now following the closures of the consulates that we just talked about in houston and tendu investors they're increasingly worried about the escalation between china and the united states are we seeing a risk off rotation or is a smart money still trying to chase alpha at this point. i think there's some smart money sitting the sidelines seeking something of a safe haven in gold and in physical commodities like but i think one of the things

that we have to be cognizant of is this is the challenge with the chinese government which goes back quite a long time the 9 dash line defined what this in gauge would be and so when we think about the spratleys in the terrorist cell in this car bush all these are all areas of a potential containment from the perspective of the west and potential expansion from the perspective at least in the chinese so this is i think a very critical thing we are interesting into the equivalent of a cold war with the chinese and trade was one iteration of that and now we have our own aircraft carriers in the south china sea so yes the with with the. houston and in chengdu it's more of the same we're a long way from a solution there which brings about current tremendous amount of uncertainty in terms of politics and geopolitics especially because we're looking at the world's 2 largest economies and now kristie during all this market and certainty it looks

like is pulled ahead of the other alternative safety after it reached over $10000.00 what's going on there yeah this is a super exciting because bitcoin just broke there is $10500.00 resistance hey its highest in over 10 months on the back of heavy volume so markets i continue to capitalize on very bullish sentiment as a fall it's a pain asset such as gold such as seller and this really shouldn't be a surprise move right now because we're entering a period much like. david just said a period like the post great financial crisis and moment where gold prices soared to record levels as a result of the fed just printing and pumping more money into the system the u.s. dollar just hit a 2 year record low and analysts are starting to think that this is not going to end the dollar decline is only going to get worse and this is going to plunge into new depths that is only going to take the american standard of living down with it so meanwhile you see big rise and you also have a theory i'm also starting a new cycle as well because in recent weeks the total value of the d 5 platforms has risen from $1000000000.00 back in early june now to over

$3800000000.00 as of today so the new d 5 boom is also contribute to the additional interest and quiet as both areas of cryptocurrency they're kind of mutually supporting each other so you have a lot of tailwind on the back of bitcoin you have the old resistance now becoming new support you had the macros the entire flight to safety with the conflict in the china and the u.s. and you have the on coming to 5 way well david year hearing all of these big coin going up gold surging is this really people in the public just placing distrust in free markets and more so and commodities are precious and i don't know i think i think the real issue here is dollar stability and currency stability in general if you look at the r. and b. today trades lower along with the dollar trading lower you would ordinarily see some sort of positive action when you're merging market currencies and within the euro and the british we're not seeing that today so it's very interesting it's very telling that i think what gold is telling you is that there are market participants

that don't like the idea of 5 trillion dollars in money monetary. call it what we used to call it monetization of debt we can call it you read today we can come up with a fancy name for it but that monetization has had an inflationary inflationary element to it and so this is i think something that the market practitioners are very. $800.00 trillion dollars in fiscal spending globally 5 trillion in global money printing by the world's central banks this is the p.b.s. single this is the b.o.j. this is the e.c.b. this is the fed and the market is saying we don't like it we don't like it so as christine was saying record is telling you something i don't know what exactly because i'm not an expert there but there is an opt out there is an opt out from this system of money printing that has gone wild and gold getting to all time highs

today is probably the clearest signal of what we have on the horizon for at least the next 6 to 12 months all this stimulus. we're keeping an eye on the federal reserve meeting coming up on wednesday christi obviously because it is reaching its new year highs again are we going to see some some economists analysts are predicting we're going to see it go up to 20000 is that possible well we've been predicting that benchmark for many years now but i think one of the key things is we're going to see a growing participation of people adopting this as david called it i think it's very smart an opt out and opting out of the system because we're seeing trust in fee government backed currency we're seeing trust in that at an all time low so once you have the trust and banks going that low keep are going to flock to things like gold such as bitcoin because they are the alternative assets well you must co-host christine and david mcavennie mcavennie financial thank you both so much for your time and your insight today. and finally it appears to talk stars will

soon have an avenue to make money as the company behind the incredibly popular social media site has set up a $200000000.00 fund intended to retain top talent and they're also attempting to attract new content creators in a statement released thursday the company said the program will be used to help support ambitious creators who are seeking opportunities to foster a livelihood through their. of aid of content well before the fund with the stablished tick-tock stars had few ways of monetizing their accounts they could actually only make money through brand partnerships and my stream is much like we saw on instagram not too long ago while applications to enter the program will open in august to be eligible users must be 18 or older live in the united states and consistently post original content online with tick tocks terms of service while they did not mention how funds will be distributed the social media did say money will start going out to the users later this year well that's it for this time you

can catch boom bust on demand on the brand new portable t.v. app which is available on smartphones and tablets through google play and the apple app store by searching portable t.v. for will t.v. can also be downloaded on the newer model of samsung smart t.v.'s as well as roku devices or simply check it out a portable dot t.v. see you next time. the saying is that when you have to be out money printers in charge the act of printing all that paper money through dies themselves really fills their head with dreams of it's the primacy that's the ultimate form of supremacy is i print

therefore i am and if you can pull the levers of political power with their money if you can acquire assets that they're free out money that gives you that god complex that we so much over around the world and countries and big corporations and now it's all going to come crashing down. 54 jets and more than 1300 military personnel are headed to heal some air force base in alaska where is that to say come on i'll show you what's the reason for any type of enhanced u.s. military presence in this area russia. what is it suddenly about the south china sea that makes it so of added 11000000000 barrels of oil. take a look at this map who really owns what kind of says no it belongs to us india says

no we claim that that belongs to us both of these countries have nuclear weapons capabilities there is reason for concern so that's why we're going to drill down on the story for you today right here on the news with rick sanchez where you know as we always like to say we do believe by golly it's time to do news again. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you then. welcome to redacted tonight is the show where americans in america covering american news are called foreign agents the tsunami is almost here looming vixens may soon as make 28000000 people homeless in the united

states 28000000 of exceptions to put that into perspective only 10000000 people lost their homes during the 2000 a crisis and that was considered the craziest thing that had ever happened and this would be 3 times as crazy. to talk about the impending homelessness avalanche we have to 1st ignore the fact that our government could totally bail people out and keep them in their homes not only have they already bailed out big banks and wall street to the tune of $4.00 trillion dollars but you also have to remember that the pentagon has over $21.00 trillion dollars of unaccounted for adjustments on their books over the past 20 years sure there is plenty of money money is not a problem money is an idea it's

a concept right and the us government has no unlimited a magic nation as philosopher alan watts once put it saying there's not enough money to do something it's like a builder saying there's not enough inches to build a house he has the wood the nails the hammers he's just out of inches the u.s. government could easily give every american $2000.00 a month for the foreseeable future which would keep most people in their homes and apartments but ignore the fact that there's enough money let's let's look past that for a 2nd there's also an empty homes as of 2018 there are nearly 1500000 vacant homes in the u.s. yet there are an estimated 553740 2 people experiencing homelessness on any.