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tv   Boom Bust  RT  September 16, 2020 8:30am-9:01am EDT

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province of change own straight ahead we analyzed for bandit what effect the move will have on global trade routes plus the race for october $1000.00 vaccine has been condensed in record time and causing some uncertainty but are these fears warranted coming up we break down the dash for a cure and later as boeing stock has suffered in the wake of the probe virus and the $737.00 max controversy with take a look at the newest moves coming from the aerospace giant back show today so let's dive right in. and we lead the program with another escalation in tensions between the united states and china as the trump administration has banned the import of certain goods from the shin jiang region of the country u.s. customs and border protection said on monday it had added 5 new chinese and these which manufacture hair products cotton apparel and electronics to an import blacklist used to fight wouldn't characterize this as forced labor of ethnic minorities in the region now in announcing that ban c.b.p. commissioner mark morgan said in
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a statement the trumpet ministration will not stand idly by and allow foreign companies to subject vulnerable workers to forced labor while harming american businesses that respect human rights and the rule of law that u.s. had previously had producers of toys garlic and artificial sweeteners to that same blacklist this is the latest step from the u.s. taken against china's actions in the region where human rights advocates say china is holding wiggers and other muslim minorities in detention camps now the chinese ministry of foreign affairs respond to the move tuesday. may find useful. cold forced labor. measures on some chinese companies the violated international rules damaged a little industrial chain with chains and value chain which is outright believe china just wrongly those in. the so-called forced labor leaders also made a dent here and seriously goes against some. people in the us have been complaining
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that they care about minorities changing in the mean time i mean what they took measures cracking down on companies this. hypocritical and evil intentions of these people to sow discord between the chinese when people ringback of different groups. and for more on this let's bring in boom bust co-host christiane i for some analysis now so getting to be a complicated situation it looks like the u.s. decided to temporarily shelve a sweeping ban on products containing cotton from. and are instead becoming more targeted by banning specific companies instead what do you make of this move kristie. well this was actually a really smart move by the u.s. because a sweeping ban would have made more of an impact a statement but then you also risk getting challenged legally where things are sure to get shaken loose and released a part of that 0 it is then the u.s. will be disrupting the whole cotton ecosystem and supply chain and china would
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surely retaliate with a ban on american cotton which would just escalate things to a whole new level mic mahdi's front but even so many industry experts see today's move as deepening the trade tensions already because this is a market move from tariffs on finished products to now also including raw materials and commodities so now the u.s. is moving upstream and that's causing ripple effects across the entire supply chain because sheen downs cotton is a crucial piece of the supply chain as a makes up 80 percent of china's output and 20 percent of the world's supply so analysts estimate that 24 percent american textile and apparel imports in 2019 were actually from china suggesting that $11100000000.00 worth would be tainted by connection. now kristie company companies have been forced to continue to adapt to this changing political climate of the trade war between the united states and china but our major apparel brands handling this latest move when it comes to cutting. well she has become a growing political spotlight that has been problematic for some of the major
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apparel brands now who've tried to limit their exposure and decouple from that region so many global brands such as patagonia they have one of their textile and clothing operations to places like bangladesh and in each n.b.a. and some of the world's largest a paragraph such as ph which owns calvin klein tommy hilfiger they've done on it already to ensure no links with the region however the issue is and remains of a supply chain in china it's so deeply rooted and opaque that it's nearly impossible to completely eliminate exposure to sheen junks cotton so given the nature of the business babycham burgers and the spending mills they don't actually disclose the source of their fabric because then the buyers would just buy. passon circumvent that so buyers have to go through agents and these audits are there no more than a box ticking exercise so once the con goes into action one bail is exactly the same as the other so enforcement is going to be very problematic and also ones that con actually makes its way into the garment it will literally be impossible to
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trace the source something we saw a lesser scale it was easier to trace but during the initial phases of the trade where we did see some things being mislabeled or maybe inadvertent inadvertently purposefully labeled as being from say vietnam instead of china to try and circumvent those tariffs as well so from a lack of on it was actually done and somewhat in vietnam. so kristie but i want to add on this before we get done here the deputy on tuesday said the u.s. tariffs on chinese goods imposed by the trump administration during the trade war with beijing and this was in 2018 violated international rules will this decision actually have any effect. well for starters i think that for practical purposes no this decision will have very little binding effect because it's just a moral victory for china but the beauty of panel ruled that washington had not shown why the tears were justifiable and that the duties were completely inconsistent with the training rules as they applied only to china and they were above the maximum race to which the us i commit so it also found the us had not
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explain the choice of products hit by the terrorists or why the measures were even necessary based on what washington saw as unfair competition so despite this very small victory in this fight that has dragged on for forever it doesn't really do much because the u.s. can simply appeal against tuesday ruling and then the case will enter into a legal why because washington has effectively blocked the point of judges to the appellate body so trump in effect render that up in effect given all my crippling the globalist body rule of enforcement arm boom bust co-host christine thank you for breaking this all down for us. i. and germany announced tuesday it will provide 750000000 euros in funding to 3 biotech companies working on a corona virus vaccine now the government has already agreed to provide 375000000 euros to buy a wintec and 230000000 euros to cure back to develop their m r n
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a based vaccines now the government says a deal with a 3rd company id t. biologic is expected soon the german minister of education and research spoke about the funding tuesday. global fund. 3 companies to broaden the scope of their projects as well as make faster progress on . safety is an absolute priority vaccine can only be used even if it's clearly our way the possible. because in only see vaccines are accepted. if one of these companies is able to successfully develop a vaccine the deal would also guarantee 40000000 doses to germany so with this in mind let's take another look at the trends and spread of the virus globally with our correspondents our temperature so our where are we to the ground there's very close to the $30000000.00 mark and cases globally which is
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a 3 percent decline compared to the previous week now most of the cases are coming once again from the u.s. and india and brazil now global deaths to riyadh $936000.00 plus which is the 8 percent increase to last week so we're at worse as new cases are slightly going down deaths are actually going up and we actually need to be exactly in the opposite direction just here in the u.s. we're out over $6700000.00 cases almost 200000 deaths so less than 2 percent of those infected from colvin 1000 have died now take a look at the daily new cases and deaths reported right here in the u.s. on monday there were 36836 new deaths that is a 12 percent decrease from last week but taking a look at daily deaths on monday resell $447.00 new deaths that's also
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a decrease of 15 percent from last week so while a decrease in new cases and death seem promising these numbers are actually nowhere near where reaction need to be brant we actually do. just mentioned vaccine development where are we what it goes to a vaccine being developed here in the us sober in the us has been working with 30 pharmaceutical companies right now that are in phase 3 trials and another 4 in phase 2 and 3 trials now one has just hit a major hurdle and that's side effects now that company is a british drug maker astra zeneca now they're long considered a leader and a cool 1000 vaccine raise and they were actually one of the 1st to start a phase 2 or 3 combine clinical trials for back in may and also had deals with the u.s. government and the european union to supply a millions of doses of its vaccine if once it got improved and very few companies
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actually in this vaccine race have gotten such a lucrative agreement which really shows our governments also view their drugs as only the most promising but since there's one patient experience a major i should say neurological side effect it has stopped for the time being any further clinical trials in the u.s. the trials in the u.k. though have resumed by brand given that their trials have included about $30000.00 participant it's not actually surprising that one of them would suffer from a serious side effect and in fact the hitting a pause button is actually a standard course of action during clinical trials like this one and it's not a certain signal that there's actually anything wrong with the vaccine just that an investigation or study needs to be done or concluded but the major hurdle here is that the investigation into the side effects of this drug might actually take up to 2 months which sounds like a long time right since it takes years for a vaccine to develop but for a pandemic this size these few months into this investigation could mean thousands
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of lives and but if the astra zeneca vaccine fails the u.s. government is hoping at least one from this list would succeed what it would be a huge loss for the u.s. that has so far in. vested more than $1000000000.00 into astra zeneca so right now all eyes are on bio and tech and madeira now that are also in phase 3 trials but in a race for a vaccine by companies and governments as you can see things can change very quickly brant r.t. correspondent sorry to average it thank you for keeping us up to date. and for more on the race for a covert 1000 vaccine let's bring in dr william schaffner a vaccine specialist with the bitter cold university medical center dr schaffner it's always a pleasure to have you on we appreciate your expertise and i want to start with that leading vaccine kanda astra zeneca as just mentioned they were able to resume the trials in the u.k. but they are paused here in the u.s. now this may not be
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a new thing to happen but how important is it when they have to actually pause a trial especially amid a pandemic like this. well granted it's a period in her medical event i should. need to the x. thing well i don't happen to know if it's our son this moment here. or the next one and grace i think it's already scary at. like. even. and we're in the states. agencies are a little bit. i wish. oh well meet up next week and still i have. to continue you know it's. a no dr schaffner we've seen so many of these candidates move to phase 3 chopper
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trials and i really want to know are we ahead of schedule when it comes to general vaccine development and does that cause a concern. oh i think we all know we need a very well. number. on reaching real sure. and there are. 0 or effectiveness just. slightly. right. and just not. what all. united states we've got 330 you need x. need some of the it's required to resumes. and there's a war was. extended. to google. and now there's a new yahoo news you gov poll out there it says only 32 percent of americans say
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they plan to get a covert $1000.00 vaccine now this is down from 55 percent in may and the reasons are given good to that to that point about the quick nature of this divel. what you actually say is is right on schedule as well as the concern that politics is being used to being put over safety when we get to the stage should the regulators be trusted and what percentage of the population do we need to see vaccinated for this to actually work out i've got about 45 seconds left dr schaffner. so sure the regulators and charles rehearsed who are just. the usual mechanisms for their very 1st few years. how. very high we're going to get to where our newest. period of. elation. i'm still optimistic about right dr william schaffner with vanderbilt university for whom medical center thank you so much for your expert
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analysis today just friends. time now for a quick break here because when we were at church bowing stock has suffered in the wake of coronavirus in the 737 mexico diversity we take a look at the newest moves coming from the aerospace joy as we go to break here are the numbers because. the new gold rush is underway and governor thousands of ill equipped workers are flocking to the gold fields hoping to strike it rich here's the book. as.
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children are torn between gold. my family was very poor i thought i was doing my best to get back to school which side will have the strongest appeal. everybody's gaslighting everybody. knew central banks are gaslighting you know you understand the gaslighting is you know that it's not pleasant it's rude it's downright rude it. was a pandemic north and you know borders into nationalities. you . know so much. we don't look like the whole world to.
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judge a. commentary cry. this is what. we can do better and we should. everyone is contributing each of our own way but we also know that this crisis will not go on forever the challenges created the response has been so many good people are helping us. it makes us feel very proud that we are in it together. you know welcome back this week the federal aviation administration is reaching a key milestone for the boeing 737 max jets returned to service now for civil aviation authorities from the united states canada brazil and the european union are scheduled to review the proposed training in london and meet for 9 days last
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week the european union said it conducted an completed its 1st round of flight tests in vancouver boeing 737 max planes have been grounded since march 21000 following 2 fatal crashes which took 346 lives but it seems boeing just can't catch a break as a 4th issue was found in their popular wide body jet the 787 dreamliner the latest issue was report reportedly has to do with the vertical stabilizer entail previous issues had to do with body joints and horizontal stabilizers so where does boeing stand with public trust let's bring in some experts captain dennis tito the communications committee chairman with the allied pilots association and former n.t.s.b. official jamie finch thank you both for joining us today to talk about this now jamie i want to start with you what are we hoping to learn from this 1st round of task flights in vancouver last week or what did we learn. well we will know it
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totally until what with the committee has met going to be very interesting to see what what the results were from the f.a.a. what were the results from the canadians test which tested the week before the europeans and so these organizations these global organizations for aviation coming together putting together the notes that they have and and looking looking and analyzing the suggestions that boeing is making for their to their training for pilots and now captain tator and someone who flies the 737 max pilot training is going to be a huge part of getting it back into service what do you have to see when it comes to training before you feel comfortable with the max again. what we've got to see the things that have been identified that are not related to the m. cas which is all we can tell as it's been fixed but as we've seen already in the boeing training document draft some nearly 200 pages they're getting out what we call for many months ago and that is a restructuring of checklists and training that really gets to the pilot skills
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needed in that shock and awe of having a virgin seize unrelated to the m.p.'s like challenge the ethiopian lion air crews that's unreliable air speed runaway stabilizer trim details that to the average person may sound rather complicated but it's the bottom line it's connecting the human being the pilot to the aircraft and we're seeing it getting closer but there are still some critical areas that we're not seeing encapsuled in this that we're going to make comment on for sure and also recognize that there are distractions in the cockpit and i think one of the foreign regulators either eos or the canadians pointed out why in a situation would you have the stick shaker going on for the duration of the flight when you can deep power it once you've gone through a checklist and i know that jamie gets this because the n.t.s.b. is keenly aware of not only the machine but the interaction of the human beings the pilots and what really happens not what you plan to happen in engineering table but
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actually jamie i was going to ask for your response to what capitated just said because that's a very interesting and you on having been on the regulation side knowing a little bit more about the regulator what do you make what is his last comment there. well there is very important part of the aviation is that human factor and the human factor and in those pilots ability to make decisions while they're flying but also critically in those emergency situations where it may be a very short period either they have to make a decision on what is happening with the plane what is going on and just going to see it's going to be very interesting to see how those aspects are addressed in the in this new training and now captain page as we as we just mentioned boeing really just that they haven't been able to catch a break as they're facing issues now with the 787 dreamliner what exactly do these latest issues with the 707 mean and are they similar to what's going on what we saw with the max or is it a completely different issue. well they may be
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a signal that something more is broken at boeing than just the engineering design clearly catching a break is not something we look for in flying you've got to be precise disciplined and have backstops and cross checks i've not ever heard of a manufacturing malady in such depth as it is on a 787 when occasionally an engineering miss is signed we saw and the max but. i think that they're going to have to look further than just the assembly line floor and they're going to have to move up the elevator and the rights of the top floor because from safety culture to crush x. sure catch capturing it trapping these inst situations is critical to what we do in a cockpit and everyone from the very beginning to the very end as the end user we have to know that that system is set up because up to date the system has failed in the case of that max and we cannot repeat that no no that's what jamie's team did in the past and what we're committed to doing now but it's not
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a comfortable space you call to question many things that's called the trust but verify philosophy of flying. to kevin frazier and i mean it is a you you bring up of important question is the is the arab important point of maybe this is a systematic of more problems at boeing and obviously being you know the biggest aerospace provider as a pilot or are you do you start to become concerned and are you hearing from other pilots that maybe they're concerned of the say hey you know what they're made of the problems that have been identified with other boeing planes but it's starting to become concerning that these 2 we may not want to get into those anymore and maybe this is obviously airbus has been able to make strides of amid this whole controversy but it is that a concern. now absolutely it's a concern and as far as you know going to a certain section the engineering or the manufacturing just let the airplane the captain is the one held responsible for so we look to the top and we look to what decisions they're making not just overseeing it but what they put in place that is
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a real safety culture from manufacturing to engineering so the actual training a pilot so it's monolithic but that's what it takes in the aviation business because the margin is very thin when it comes to safety of all of those checks are not in place and jamie want to kind of tile this back together the $77.00 only accounts of roughly about 10 percent of boeing's unfilled orders while the 737 max is roughly 80 percent because it's been grounded for quite some time again the company put focus on taking care of both issues are well the focus to remain on the max because that's going to be so much of their business right now well i exactly this is a classic situation obviously you know with 80 percent of the business that's on built on total planes orders that this is some of the 7 max they're really going to be focused on that the 7 showed it's not taking away from the importance of that issue but they're really going to be focused on the $737.00 max addressing that issue and then. go into the 787 by the same time it's not like they can't walk and
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chew gum at the same time they can you be doing both but the primary focus will be the 737 max capitated i'm going to give you the last word on this because as he said obviously because it's their business but like you said safety is the big issue so they really have to address both of these right. absolutely and the biggest you know the brass ring is trust you violated it and getting the trust of our passengers it starts right with folks like jamie myself the pilots but alternately the passengers have to be able to turn to someone it may not be boeing it may not be the essay or the airline they're likely to turn to the pilot and say are you good to go captain and i won't stand there at the cockpit door saying yes sir yes ma'am unless we are fully trained the airplane is 6 and we know we've got all the backing that we're supposed to have to go fly that jet and keep those people safe captain dennis stager and jamie fetch thank you both for your time today. thank you thank you. and that's it for this time you can catch boom bust on demand on the brand new portable t.v.
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app which is available on smartphones and tablets through google play in the apple app store by searching portable t.v. portable t.v. can also be downloaded on newer model samsung smart t.v.'s can find it at portable t.v. report about if you like with that see an x. factor. in the move move move that the bill really keys sneer those who really can show you . they can just be sweet but.
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that would that a surprise on you notice that i stated so that. you know the numbers to put in a bull episodes didn't go to see you were the go to sleep during your force where you could be near must of missed it and that. thoughts about spirits i pitied you it was more sinister experiment than you know. if they get through will she go they say oh lord show us the stress of school schulman's for you to post it will put by some sort of open will those of us a little vulnerable could go full story let's say they were but what is.
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the. will justice be done in a london court not only is joining us on trial but so is freedom of speech and profession of journalism what explains this farce media coverage of this trial why haven't more journalists. in is a son's being used as far as you need to see him with those channels to be.
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with up on both of us. last time we chased. each one of carrying 20 kilos 'd of drugs. first offense. that they just stepped right. into the very real i mean. they have this is. this is for me. i don't know maybe. i want to bring very posh. around more.
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calls on germany to stop politicizing the alleged poisoning of opposition figure. moscow to clarify how a military grade nerve agent was reportedly used soil. gets the call from officials in the u.k. he wants people to snitch on anyone breaking new code restrictions. and basically. wouldn't. be human if someone. with coronavirus case is surging in the u.k. the country's testing system is said to be at the breaking point we hear from some of those.

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