puts a major on a virus vaccine trial on hold due to an unexplained illness but many doctors and researchers are now thing that now is not the time to worry and as he approaches deadline for the possible chinese products. made stands to benefit in the race but i have a lot to get to philip to get started. one of the world's largest coronavirus vaccine trials is on hold after one of its participants came down with a serious illness well it's prompting fears of an adverse reaction the sudden news for the late stage trial sent shares of u.k. based astra zeneca as low as 6 percent throughout the day well the world's top doctor is there now urging people not to worry well arty's john hardy joins us live with more on this story john what's the latest. well astra zeneca said that the company's standard review process triggered the pause in the trial in the study to allow review of safety data so basically that the safety protocols went into effect

and did what they're supposed to do if somebody gets sick everything stops the trial stops they investigate that astra zeneca said the company said in a statement that pausing the trial is a routine action that has to happen whenever there's an unexplained illness in one of the trials various health experts medical experts industry experts agree this doesn't mean the potential vaccine is dangerous or that the study that the vaccine is a failure just more so that the protocol is the process worked as it should the reported illness a type of viral infection and one of the female participants could be totally under under related and related i want to really underscore that fact but keep in mind astra zeneca is a multinational company pharmaceutical company that reported in 2019 more than $24000000000.00 in revenue it has many investors so it's within the company's interests obviously to play this down tone this down a bit mad so. said the astra zeneca an oxford university trial is among 9 other

vaccine candidate phase 3 late stage trials underway right now worldwide the us trial of astra zeneca is taking place at $62.00 sites across the country including right here in florida and speaking of florida the drug company is working in conjunction with the university of miami in phase 3 vaccine trials as well with 1000 participants in that particular late stage trial here in florida during the said that the pause by astra zeneca has not affected its own trial and actually shares of that company were up during today's trading this has there's been concern raised about the white house and president trump's assertion there could be a vaccine ready for distribution by the election the c.d.c. has asked governors and health departments to prepare to distribute a vaccine as soon as no better november 1st this by the way was a major point of discussion in a vaccine hearing on capitol hill in which various senators democratic senators

said that really science should be put before politics when it comes to this issue and various medical experts contend that november 1st november 3rd time frame may be a little too optimistic a little too aggressive on that note 9 pharmaceutical companies issued a joint pledge that they would quote stand with science and not put out a vaccine until it had been thoroughly vetted for safety and efficacy 3 of the companies that signed the pledge are the ones testing vaccines in the united states right now pfizer. as i mentioned and yep you guessed it astra zeneca shares by the way of pfizer modern and several other drug makers working on code in 1000 vaccines including johnson and johnson and novak's were up during today's trading so we'll continue to keep a real close eye on the latest and what happens with this trial when this vaccine absolutely r.t. correspondent thank you. her reply. a rebound from the markets this wednesday as

the nasdaq rebounded from a 10 percent loss in just 3 days they recovered some losses after the tech knology sector actually dragged down the 3 major indices to their lowest close in one month at tuesday's close while technology's 6 biggest stocks they lost more than one trillion dollars in just 3 days tech and materials are actually driving those markets up now this wednesday the s. and p. sector climbed as much as 2 percent by wednesday's open and the market rally actually came to a halt this september as stocks well they're giving a lot of those gains back that we saw last month or more we are joined. of them as i'll see ottavio monsey ottavio thank you for making the time to be with us today were looking at what's looking like the fastest ever correction what's driving the markets this one thing. where it certainly has been a brutal correction. placers your cisco up and down i guess some sort of the market

since wednesday we should go back a few days and understand what caused this correction to happen and why did that happen so crucially and i think we saw in a very perverse market situation the moment with good news is bad news and bad news is good news and that seems to be the story that is being told so i think these markets being particular technology stocks by the fed's ultra loose monetary policy so they've just trillions of dollars iniquitous into the market and that has helped technology stocks in particular and they're just going through the roof and this completely divorced from economic reality doesn't even seem to matter how well the individual stock is doing or how well the drug company is doing so when the unemployment report came out of the sort of september in the morning much better than expected that was a very bad sign for the stock market because it seemed then that the fed might have to roll back some of the justification for having its own policy be negated and that has a strong role reaction and that sort of spooked the market not so. we saw this big

corrections big selloff now then you had today is what you had in previous segment is the astra zeneca vaccine trials being put on hold and that again is bad news for the economy overall we want the economy to recover as quickly as possible and people get back to work i would go if there is no vaccine that means the ultra loose monetary policy will likely continue to screw for stocks so it's a very perverse market environment where good news is bad news about you say well you mentioned the federal reserve in the stimulus that they put into the market on the show here on the us we've talked several times about about the actually the stimulus that you just said and done with co-host christine i actually mentioned it yesterday how softbank was actually a major player also in keeping these tech stocks up they were up billions of dollars in cautions i think the financial times i believe reported softening but bought as much as $4000000000.00 worth but now the company wiped are wiped out about $12000000000.00 in market value softening shares held by 3 percent on one thing is close its soft bank acting like

a hedge fund here where when it's not supposed to be won. well i don't know if some banks not supposed to be ads fun and they can certainly set up a hedge fund and trade away all they want if that's what they would like to do it would be sort of nice of them to inform their shareholders that that's what they're doing which they didn't do they sort of keeping their shareholders in the dark and this will came as a big surprise bank is an old conglomerate of different things going together it's a telco business and it has a huge venture capital than it has now it seems from the trades it was huge or it was it was in large home says so i think investors look at the company it's a bit of a surprise they don't like surprises and this is a downside surprise and they like those even less now if soft money is going to become largely edge from them was driven by those kind. then i think its value racial come down quite significantly because going to go from a company that has a more stable sort of revenues and profits and more pretty. it will to one that's

a lot less predictable so that's going to be bad for its stock price and i think that's what we saw is just begun certainty around the investors already short so frank is up to they communicated very poorly about this well we're hearing both sides some experts really talk about the recovery and how we're really starting to see it while others are quite skeptical about this and president trump not too long ago a few days fed that he's looking at a super of a ship recovery where thing this volatility continue with the markets from the collapse now to this bounce back right but it seems like you said much to be artificial like the fed doing things that we've never seen before is this extreme uncertainty going to continue isn't it going to recover next year what do you see. why i don't necessarily share donald trump's relentless optimism about the soup of the triple soup of the whatever he's calling it now but it's not signature things are getting better so the unemployment rate in the u.s. has come down it's inching in the right direction initial claims for unemployment going down so things bit by bit are recovering and moving in the in the right

direction so i think then it looks like we're in a sound socially where the real thing that's been the issue has been some of the lock downs and the damage that has course of the economy so those those things seem to be easing up a bit and we seem to be on the pasta. and the u.s. economy is quite resilient and flexible so will bounce back if allowed to quite quickly i think overall so i don't know about super be is all the line from blood seems to be good the other question i think though is the markets the stock market and the exchange markets and where they live and as i mentioned before they seem to become sort of divorced from the real economy and the stock markets and so if now the economy starts to do better and unemployment drops down the fed is going to have to roll back these ultras one trip overseas that they haven't rolled back on these programs and that's going to be if the markets well speaking of the federal reserve and even the us the congress will write we're looking at a possible new stimulus is congress going to rethink this new stimulus that whether or not the markets actually need it and. and we're already in so much national debt

. why i suppose you could ask a question these things packages really help with your mail they just shifting money from one group of people to another group of people so that taking money away from industry a and giving it to industry b. it is not really helping it and while i think in my mind that's that's debatable whether the stimulus packages really help that much or whether they just sort of form a lot of spending into sort of white elephant projects that we don't see very much i suspect it's more the latter than the form of that they really don't see that much at all and this is more of a political grandstanding or pushing money to their projects or states or or to constituencies so i don't think that the stimulus package is necessary have the big impact if they did japan would be the best for me economy in the world at this stage it doesn't seem to work that well well tony i want to turn it over to european markets now european stocks they are also seeing some gains this wednesday in part because the in the united states is doing so well now after that tech sell off the euro zone also declined the sharpest ever in the 2nd quarter and that's

despite the government support that's actually already in place now what the new surge of chronic cases in the region how that recovery plateaued and stalled out. what i think was really important to some groups in iraq so there's a certain coronavirus cases what is interesting is we're not seeing a surge in coronavirus deaths which some people look at the state quizzically and trying to figure out what's going on that but i think if you look at the 3 major economies in the eurozone france and germany they seem to be very reluctant about pushing back into place these kind of down measures and really shutting down the economies in the way that we saw in march april may with these these hold the entire community came to an absolute hold and ground to a standstill so they're very reluctant very hesitant about putting those kinds of measures in place again what we're seeing instead in those 3 countries is sort of regional a smallish lockdowns muscular national scale that we saw so i think the recovery is in europe on the very sound footing. will carry on as long as it will have more

walk downs i mean it's really the lockdowns the destroy those economies it's really the virus itself it's more the the reaction to it and just shutting down the time they're being extremely cautious overly much like you said placing a strict walk down again i will have to follow that and see ottavio the c.e.o. of over most alfie thank you for making time to be with us today. thank you we're not. just trying to trade war continues as an american initiative against china's top to while away comes into play the u.s. is urging its allies not to work with on a ban against the company what's next week well it's already starting to take effect our teams alex one hell of a target story. the u.s. is on the offensive and china doesn't like it. and they've recently the u.s. has been generalizing the concept of national security and abusing state power without any substantial evidence not with the u.s. also has adopted various restrictive measures against weiwei and other chinese

enterprises these behaviors are a naked hedge monic that was the chinese government's response to restrictions announced by the u.s. commerce department last month the american effort moves to bar china's tech giant wall way from accessing chips for its technologies as of september the 15th while it will be profit from buying components from american and non american companies that were developed using equipment or software made in the usa south korea samsung and memory manufacturer s.k. hynix say they will honor of the american initiative a move which threatens was always current position as the world's largest smartphone maker while experts say while we will be hurt by the move both of the south korean companies will also suffer in the case of s.k. hynix 40 percent of its $13300000000.00 revenue in the 1st half of 2020 came from exports to china i have are to mitigate losses the u.s. has seemingly awarded samsung for its good behavior essentially going to try to

sign a contract to supply wireless telecom equipment to rise in communications until the end of 2025 a deal to help build 5 g. networks in the u.s. is worth $6600000000.00 as the u.s. continues to make moves against wall way the chinese company is not taking the matter lying down while the technologies is set to take on american multinational google are developing an author. system clip place google's android while the move hopes to loosen google's hold on android systems promising a bigger brighter build their system currently weiwei has 600000000 users in its ecosystem and while challenging the u.s. someone into what we will also be looking towards greener pastures specifically europe i'm delighted to reveal that a way ah also planning has banned. presence in europe. could be more jobs and. at

a critical task for trace and urban centers the company plans to open the flagship stores in $42.00 smaller outlets across the continent by the end of this year when it comes to chipsets well with that stockpile of next to last the company until the end of 2020. hopes that by then things will normalize so that it can continue its business as usual if that doesn't work why wait it's already looking at chinese domestic alternatives to fill the company's future needs will be best and now it's my leave it. time now for a quick break but stay here because when the return of the trade in the united states and china doesn't stop the technology will have an expert panel to discuss the agricultural products that the u.s. may ban and i think that a break here the numbers of the. problem

drugs don't do is come from unscrupulous dealers but from pharmacies to in every state in the united states we've seen these very sharp increase in the number of people seeking treatment for addiction to prescription opioids it invaded america under the banner of medicine persisted with the pain but instead of trying to wean him off though she just goes at their dose after dose if your dose and really became his drug dealer so who's to blame patients doctors manufacturers.

the pandemic no certainly no blood is just blind to nationalities. as americans we don't have a charity we do a back seat the whole world needs to be ready before. a judge will come in a crisis with this system to time so we can do better we should. everyone is contributing each of our own way but we also know that this crisis not go on forever the challenge is creating the response has been masked so many good people are helping us. it makes us feel very proud that we are in it together.

you just have to fly between 2. and as fast as you get. the much article is for children to do with the pressure of the. person rather late years. ago it still is important. of course more russians in racing use competition in the extreme to have a fuller used a specified route between the youngsters time just. because you're going to church every. last loucheux do you really truly. mean.

the trumpet ministration says it's getting ready to ban 7 different types of imports from china to the united states won't because of alleged human rights and forced labor abuses well these bans it would include cotton and tomatoes imported from china's changing province citing abuses of china's weaker population all for their part beijing says this is all just a pretext to oppress chinese customers and to incite instability joining us now to discuss our plan was co-host. ben swan and author of understanding socialism and host of economic professor richard wolfe ben let's start with you give us a rundown of why the trouble ministration says that it's even doing this yeah as you said it's actually 7 different imports coming into the country by. c.b.p. customs and border protection says they have been given orders to essentially hold up those shipments of cotton and tomatoes coming from that province in china you

already alluded to this but it really comes down to the weak. muslim public population in china that's being held in reeducation camps essentially that's not a trumpet ministration issue the u.n. has actually done a lot of work on this and says up to 1000000 weekers are being held in these reeducation camps and according to the un you in many of those people are being put into forced labor the question of course really comes down to whether or not there's evidence of that c.b.p. actually released a statement about this saying quote we have reasonable but not conclusive evidence that there was a risk of forced labor in supply chains related to cotton textiles and tomatoes coming out of that province so you know i there isn't exact proof for it but that is kind of the moral ground that the tribe of ministration is using to justify this i guess that's no surprise the united states also says while we spies on the u.s. that without actually providing proof right professor worth as ben just said there's no conclusive proof of this forced labor now that there is reason to

believe that a tapping but no proof considering that these products are coming from the province should the u.s. be cautious about where these that products are coming from. very dangerous and slippery slope let me give you an example in the united states we have 2 and a half 1000000 people that are incarcerated we have many of the people in prison getting wages that are in 20 to $0.40 an hour we're actually affectively slave labor and those companies that are working with american privileged to produce goods or using slave labor the evidence there is at least as wrong as the evidence put forward against the chinese but nobody has used it for this purpose let's be clear this is a political game in which the united states is trying. to show the world and to the voting public that it's anti chinese mr biden does it mr trump does it it's

sort of that the would be boy of this people for the moment would pass to the election i don't know what so most of the world and let me stress this today's financial times carries a story american companies active in china are not leaving china don't take all of this year we believe it is a little lloyds and as far as i'm concerned that's where the bulk of the evidence so far points who want as he said there are a lot of these american companies don't want to leave china a new survey actually showed that 92 percent of respondents in the american chamber of commerce and shanghai they're committed term meaning in china despite the difficulties in the relationship between the 2 largest economies that have happened since the trade war got got even worse after the coronavirus is a troubling ministration out of touch with what business on this one. i think

what's going to end here is a disconnect business is doing business as usual in chile they're making enormous profits as they have and chinese economic growth is infinitely more positive than the america their market is growing ours is a those companies don't want to leave they're hoping that mr trump is of blowing smoke for his reelection effort as is mr biden and that this will pass with election they are certainly not going to make it expensive decisions about their role in an actual futures days darkness political noise and state coding that we hope will go away that doesn't mean necessarily that it will or the fact is can come in here but for the moment i think the best way to understand this is to not could fuel who's the political battle with the underlying economic reality although

there's a lot of political tension going to this political game that's going on but what's your take. yeah i think it was and i think reservoir brings a really good point about the american system of prisons that does have a forced labor system we have a vice presidential candidate who's running who at one time argued that businesses should be allowed to continue to hold people in prison because it's good for business and you don't want to lose that source of cheap labor but it's still absolutely wrong having said that we cannot use corporations certainly as a barometer for what is moral or what is right because corporations in the way they view the world are entirely immoral they view the world as essentially and in some game when it comes to profits but i do think that the trumpet ministration to some extent has a moral high ground here when they say hey we have to be careful about what's happening in this province and by the way i would say that i think some of this is also related to the backlash to i know this going to sound silly but to disney. that just is coming out right because this movie was shot in that province and

there's going to lot of pushback on that over the fact that disney think them at the end and people say oh how disconnected is disney when a 1000000 weekers are being held in camps there again this is you were reporting saying that they're being held in these camps here and china says they're reeducation camps so i think morally china is absolutely wrong to be doing it the u.s. is wrong they're forced labor through our prison system but i think of going to try to make the argument gets a little bit of at least political. reach out of this by coming back and saying hey this is the morally wrong thing for china to do so we're taking a stand on it even though i don't believe that's why he's actually doing a little bit professor well we talked to ben about this yesterday want to get your take here about china also now wanting to earth the united states rather trying to cut manufacturing and decoupling from china right we heard this before from several presidents in 1970 votes called the the by american act that was signed into to the fact in the 195-0002 the great depression they wanted to bring business

manufacturing back to the united states what's your take on that professor wolf i merican seem to want to stay. in china. absolutely china is little girl story not the only one li india brazil other parts of the world but that story natural action economy amazing what it is in the latest news going from one of the world's poorest countries to all global economic superpower our every american company that i was an old will want to be all right of next in ri because that's where the growth is that's where the expansion years. oh luxury chain had an enormous exposition a few weeks ago in shanghai because change is becoming all only a producer of the world or the luxury market we're right here in what minds of open you can't pretend that by some grandstanding number not only doing what is

a good least used ory and i think we will come to regret not working out a good deal of the world we're. coming on in this the rest of his or the world's 2 largest economies say they should be and hopefully could come together to have a discussion and conversations and stead of tearing each other apart at this point right i mean the united states is china is a threat china is wanting to kind of work with the united states and adults seem like the top administration until there's a virus and 4 percent only made things a lot worse but we'll see what happens but thank you very much professor richard wolffe well as co-host and of ask a journalist pencil. that's it for now where you can catch bill must on demand on the portable t.v. ads which is available on smartphones and tablets to give a play on the apple app store by searching portable t.v. but the next time.

they were used as a work of the most recent of the little. as a name for. the book you. want to use the book with. the police using the media of course. a lot of misinformation among traitor. allen it's really fast. teenagers

and 20 somethings about how stock markets work and you know experience is a great teacher and that means losing a lot of money but that's also a very good teacher. you just have to fly between 2. and as fast as you can. the producer on which to push for the. first number the. bushnell says. russians in racing is competition in the extreme to have a full used to a specified route between the teams with the fastest time. there

. leading opposition figures are arrested and among others as president alexander lukashenko remains defiant after a month of on the arrest. caught in a vicious circle germany demands russia investigate what happens to opposition activists in the only with moscow in turn calling on berlin to share its data berlin though decides to send its street to the global come up with weapons watchdog instead. and the oscars set out new rules on diversity which filmmakers will have to meet to qualify for the best picture award we debate whether it's a healthy stuff.