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tv   Boom Bust  RT  September 16, 2020 1:30pm-2:01pm EDT

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been condensed in record time of 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 macs controversy we'll take a look at the newest moves coming from the aerospace giant baksho today so let's dive right in. 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 in announcing that ban c.b.p. commissioner mark morgan said in 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.
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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 going to u.s. . measures in some chinese companies this violates international rules damage to the industrial chain which means supply chains and value chain which is outright believe china just wrongly those in. the so-called forced labor leaders don't need it in here and seriously goes against some people in the u.s. have been complaining that they care about minorities and changing in the meantime i mean what they took measures cracking down on companies. this fully exposed the
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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 it's getting to be a complicated situation it looks like the u.s. decided to temporarily shelve a sweeping ban on products containing confirmation john and are instead becoming more targeted by banning specific companies the said 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 the other part of that is then the u.s. will be disrupting the whole cotton ecosystem and supply chain and china would surely retaliate with a ban on american cotton which would just escalate things to a whole new level on the commodities front but even so many industry experts see today's move as deepening the trade tensions already because this is
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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 it 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 and 2019 were actually from china suggesting that $11100000000.00 worth would be tainted by connection. you know kristie company that has companies have been forced to continue to adapt to this changing political climate in the trade war between the united states and china but how are major apparel brands handling this latest move when it comes to cotton. well she has become a growing political spotlight that has been problematic for some of the major apparel brands now who've tried to limit their exposure and decouple from that means so many global brands such as how to go they have their textile and clothing
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operations to places like bangladesh and in each n.b.a. and some of the world's largest a paragraph such as ph which is calvin klein tommy hilfiger they've done all it's 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 murders and the spending mills they don't actually disclose the source of their fabric because then the buyers would just bypass and circumvent them so buyers have to go through agents and these audits are there no more than a box ticking exercise so once a con goes into action one bail is exactly the same as the other so enforcement is going to be very problematic and also once that con actually makes its way into the garment it will literally be impossible to 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 inadvertently inadvertently
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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 true. adding rules as they have only to china and they were above the maximum base to which the us to commit it so it also found the us had not 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
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small victory in this fight that has dragged on for forever it doesn't really do much because the us 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 rendered that in effect of an all by crippling the globalist body rule of abortion are boom bust co-host christine thank you for breaking this all down for us. germany announced tuesday it will provide 750000000 euros in funding to 3 biotech companies working on a corona virus vaccine but 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 a based vaccines now the government says a deal with a 3rd company id t. biological is expected soon the german minister of education and research spoke
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about the funding tuesday. global fund. companies to broaden the scope of their projects as well as make faster progress. and 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 essential. 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 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
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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 confirmed cases almost 200000 that sold 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 we saw $447.00 new deaths that's also a decrease of 15 percent from last week so while a decrease in new cases and death seem promising these numbers are actually nowhere
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near where reaction need to be brant. we actually do. just mentioned vaccine development where are we would it close to a vaccine being developed here in the u.s. so we're in the u.s. 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 british drug maker astra zeneca now their long considered a leader in the cold in 1000 vaccine race and there were actually one of the 1st to start of phase 2 or 3 combined 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 actually in this vaccine race have gotten such a lucrative agreement which really shows our governments also viewed their drugs as only the most promising but since this one patient experience
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a major i should say neurological side effect it has stopped for the time being any further clinical trials in the us 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 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
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a huge loss for the u.s. that has so far in. best add more than $1000000000.00 into astra zeneca so right now all eyes are on bio and tech and the during our 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 sire tablature thank you for keeping us up to date. and for more on the race for a covert 19 vaccine let's bring in dr william schaffner a vaccine specialist with the vanderbilt 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 came to astra zeneca as a scientist 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 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
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a. medical event. i should. well i don't know if it's this moment here. or the next one grace i think it's already. at. and here in the states. agencies are. oh oh oh next week. i have. to continue. and now dr schaffner we've seen so many of these candidates move to phase 3 chopper trials it and i really want to know are we ahead of schedule when it comes to general vaccine development and does that cause a concert. oh i think we all know we need
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help. oh. on reaching real sure. there are. 0 or effective just. to. sound really. right. and just know. what it all oh you know it's neat so we've got 330 we 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 they plan to get a coke in $1000.00 vaccine now this is down from 55 percent in may and the reasons are given good to their add to that point about the quick nature of this development which you actually say is is right on schedule as well as the concern
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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 can be charles rehearsed who are just. the usual mechanisms that are very rigorous for years and how what we're for should . be very high we're going to do to we're are now asking when your period of. elation. i'm still optimistic but i see dr william schaffner with vanderbilt university for whom medical center thank you so much for your expert analysis today. time now for a quick break but hang here because when we return is boeing stock has suffered in
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the wake of coronavirus in the 737 max controversy we take a look at the newest moves coming from the aerospace giant that we're going to break here are the numbers that because. a new gold rush is underway. bill equipped with flocking to the goldfields hoping to strike it rich is a good. person but to those that were children a tool in between gold. was very poor i talked i was doing my best
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to get back to see which side will have the strongest appeal. 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 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 29000 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 $787.00 dreamliner the
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latest issue was report reportedly has to do with the vertical stabilizer and tail fin 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 test flights in vancouver last week or what did we learn. well we won't know it fully until what with the committee is. going to be very interesting to what what the results were from the f.a.a. what were the results from the canadians to switch test in the week before the europeans and so. these organizations these global organizations for aviation coming together putting together the notes that they have and looking looking and allies seeing the suggestions that boeing is making for their child or training for
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pilots and now captain tater and someone who flies the 737 max pilot training is going to be a huge part of getting it back into service what are going to 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 dressed 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 needed in that shock and awe of having emergencies 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
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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 planned to happen in engineering table and actually jamie i was going to ask for your response to what capitated just said because that's 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 that is very important part of the aviation is it human factor the human factor and in those pilots ability to make decisions while they're flying but
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also critically in those emergency situations where it may be a very short period of that 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 787 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 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 a death as it is in a 787 when occasionally an engineering misses zein we saw and the max but. i
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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 instead situations is critical to what we do in the 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 and i know that's what jamie's team did in the past in what we're committed to doing now but it's not 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
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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 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 $787.00 only accounts of roughly about 10 percent of boeing's unfilled orders while the 737 max
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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 macs 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 $77.00 max they're really going to be focused on that 70 it's not taking away from the importance of that issue but they're really going to be focused on the 737 max addressing that issue and then. go into the 787 but the same time it's not like they can't walk and 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 their business but like you said safety is the big issue so they really have to address both of these right. i absolutely and the biggest you know the brass ring is trust you violated it and getting the trust of our passengers it
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starts right with folks like jamie myself the pilots but all timidly the passengers have to be able to turn to someone it may not be boeing it may not be the f.s.a. 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 fixed 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 kept them going to taser and jamie fed thank you both for your time today. but your i.q. . and 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 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 horrible t.v. or portal back if you like with that see an x. factor.
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lead.
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that the believe that you sneer those who really can show you. show that they can just be sued by. that would that are supposed to notice that i state something that. no number stupina bull episodes didn't go to see you just spew your the it that you slither in your force where you could be near mushed up in this thread if not thoughts about spirit i did it was more sinister experiment then you know. if de gea clue those. shows to a special school issuance for you to post here to put by some sort of move. to a story keep list say they were bogus.
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by the pandemic no certainly no borders and is blind to nationalities. due. to so much we caught up with reality we don't look back seem the whole world beats to see if. a judge. commentary 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 will not go on forever the challenges create the response has been masked so many good people are helping us. it makes us feel very proud that we are in it together.
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is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation and community. are you going the right way or are you being led. by. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or remain in the shallowness.
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of us up of both of us. but not the. last time we chased. each one of them carrying 20 kilos 'd of drugs. first offense. is that they just stepped right. into the free will i mean i'm a little boy they have. me. like. me. i don't know maybe they don't make or. break right. now or.
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russia calls on germany to polish. poisoning of opposition figurehead. of berlin and say. military grade. reportedly used. the call from officials of the u.k. people to inform anyone. they see. the film. human someone. with her.

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