in many countries are struggling with the surge in numbers are of a toddler story the for diction of an unforgiving 2nd wave is coming true in some parts of the world are feeling it more than others with covert 9000 cases surpassing 40000000 this week for the 1st time europe is showing higher numbers than the united states according to johns hopkins university when adjusting for population based on a 7 day average europe is reporting 187 you covered 1000 cases per 1000000 people while the us has 162 cases per 1000000 although its numbers are lower than europe right now this does not mean that it's good news for the united states daily new cases continue to be on the rise in more than half of the us states we are certainly it soon any time we see a peak bomb or a spike in cases in respective states and our goal is to put them out of the greatest possible when compared to total global cases while the world number of infections has gone up about 40000000 with over 1100000 deaths the us has seen more

than 8100000 cases with nearly 220000 deaths the dire american figures have prompted its neighbor to the north to keep its border shut to u.s. citizens canada's minister of public safety and emergency preparedness tweeted we are extending nonessential travel restrictions with the united states until november 21st 2020 our decision will continue to be based on the best public health advice available to keep canadian safe canada is also seeing a rise in cases as the 2nd wave of covert $1000.00 takes hold on that country with over 200000 confirmed it actions had nearly $10000.00 deaths in total the country has been rather successful in fighting the virus but it's not taking any chances new rules are kicking in of this week in regions of concern the country's most populous province of ontario is ordering the closure of gyms and movie theaters a ban on indoor dining in restaurants and bars and restrictions of 10 people indoors and 25 people outdoors at public gatherings parts of europe are following

similar protocols the u.k. is limiting the size of gatherings and is restricting social gatherings. of any kind in high alert areas such as london and liverpool france has declared a public health state of emergency in germany and italy have introduced a number of new measures to reduce infection rates even sweden which has been praised by some for not having a lockdown is preparing to implement strict you rules as coronavirus cases rise in that country taking things to a level that most are trying to avoid we also is imposing a complete lockdown for 2 weeks this fall you brick is the shortest we can make it but that means that it will have to be sharp and deep in order to have the impact we needed to have on the value of us in other parts of the world there is also grim news iran has broken single day record of bias deaths with 337 patients dying on monday and while relatively stable africa see more cases the latest so the

africans minister of health and his wife have both tested positive for 12 and 19 the united states india and brazil remain the worst affected countries in the world for the best and i know it's my luggage. markets are reacting on this monday ahead of a looming deadline for a u.s. stimulus deal over the weekend house speaker nancy pelosi set a tuesday deadline in a letter to house democrats she is optimistic about negotiations while there was some encouraging news much work remains the white house does not appreciate the need to direct resources to culturally competent contact tracing a few issues remain at an impasse on child tax credits state and local funding and the census while the senate is scheduled to vote on 2 really fills this week on tuesday they'll vote on the extended payroll protection program for small businesses and on wednesday they'll be voting on a $500000000000.00 current of our stimulus bill neither of these are expected to

pass for more on this and the market reaction. cia and c.e.o. open. see. stocks seem to be having a roller coaster this monday markets rose earlier in the morning and the futures were up on hopes for the stimulus deal but then they fell from this lack of progress and a rising number of covered 1000 cases as we heard alex say what's your market outlook from now through the end of the year given these in these crosscurrents. well i think some of the 64000 own question is all the markets can do if they were so yeah i think it's almost impossible to say it's almost a fool's errand to try but with that kind of yet let me try and nevertheless i suppose a study of 4 major draw i was. of the c. code 90 in the case lou. with a lock downs are coming back what shape or form oh exceed that the other thing you mention that is stimulus and then nancy pelosi and. since that also official

things that get done virtues the whole route. i think that looks very unlikely before you look at the most of us decided it was a case of delaying this election so i think that's unlikely to have but. then this is the federal reserve policy. in terms of monetary policy which i think has been the driving force in the markets i'm not so since the middle of march when the fed . been the markets but now it seems to be sort of stable as well and i think the real thing driving markets the most is upcoming election and people soft to get nervous it looks like it's going to be all this substantial charts it's going to be a contest this election very very messy and i think that has people nervous and today so the markets and things like. yes definitely interesting to see that this roller coaster a lot of these headlines impacting the markets kristie let's talk about the u.s. shale industry they've been in a massive downturn this year and now we are expecting to see some consolidation in

the industry we've already seen some as some smaller players ran out of cash so they're trying to to can tolerate now conoco phillips just agreed to buy contra resources now those shares have gone up since there were talks about them having this potential deal how is that deal exactly playing out. so yes we saw over the last couple of months that we expected to see more consolidations and weaken industries such as oil and gas and perhaps even airlines later on in order to weather to weather out this economic downturn so consolidations would basically mean more synergistic opportunities lower operating cost more economies of scale so today's deal is between conoco phillips and concho for about $9700000000.00 in stock which is the largest shale industry deal since the collapse of the energy demand earlier this year so this will create a giant heavyweight driller in america's most prolific oil field so this pandemic induced energy crash and then the lackluster global recovery that has accelerated

the push for consolidation across the entire shale patch so we talked about how levered these companies were after years of very cheap debt field growth so this actually this deal actually may signal further mergers and acquisitions in this sector as now idle drillers look for more ways to cost in order to survive so no goes thus far has survived pretty well this oil slump but its growth outlook still remains very challenged 2nd quarter growth production was down about 25 percent as occurred outputs as a response to the lowered prices so this deal between conoco and concho is now a desire to basically bulk up its size and scale and i'll become very important going forward so with this deal it is projected to save about $500000000.00 a year by 2022 and this is the largest deal this year correct yes so that's they're trying to consolidate and really help one another at this point i want to turn over overseas to china's economy grew 4.9 percent in the 3rd quarter that was below

expectations now issues such as unemployment have diminished household income and shifting consumer behavior they continue to plague the country in the recovery and growth continue or are we now at a plateau. what i think most come true. is would give that back to the 4 percent or what i'm saying growth in the current environment bear in mind law school so that things were up 3.2 percent were still showing much much better than what we saw in that the traction up in the schools so i think overall trajectory is in the right direction things look pretty good overall there was some softness in terms of consumer spending the program. but if you look at other indicators things like just 2 out pools of exports or those things grew close to double digit levels or so i think overall the chinese economy looks like it's moving very much in the right direction as

a mother who is also interesting terms of code 19. china has an enormous tourism so the chinese 10 spent abroad and foreign tourists bring into china and that of course is going to be correct in that correct is a great word to use but we're going to see that reverse basically china deficit in terms of source and that's going to help us balance a trade quite so you'll see a much we should see much of this up is coming as a result so i think china is looking actually quite encouraging though i don't think it's more missing tells the for us is anything to be concerned about oh yeah like you said thing at the growth at this point anywhere if some is good news kristie meanwhile that the u.s. federal reserve chairman jerome powell spoke to the international monetary fund about the digital dollar take a listen. we are committed to carefully and thoughtfully evaluating the potential costs and benefits of a central bank digital currency for the u.s.

economy and payment system as well as for its international implications we have not made a decision issue it acb d.c. and we think that there's a great deal of work yet to be done but something like 80 percent of central banks around the world are exploring the idea of issuing currency in digital form. so one of the main concerns from drone power is to be right not 1st what could this mean what could it do for b p c. well right now the big question is actually getting a huge boost not only from drone policy message but also from the i.m.f. director georgieva who says that a new brand woods movement is actually needed right now so this is a huge movement and we've already seen some very large accumulations over the past 2 months taking place so this message that the i.m.f. is essentially sending out shows that the financial system is currently under tremendous strain after trillions of dollars have basically been created out of thin air and 2020 and most governments are now running these massive deficits which

are unlikely to end and now we're facing a huge new wave of rising poverty that we literally have not seen in decades so as such in order to combat this georgieva declare that we face a new bretton woods movement so as we all know this bretton woods movement was agreement was what led to the integration of the gold standard that pretty much set modern day monetary world order which pegged the u.s. dollar to gold so now with the coronavirus pandemic the i.m.f. is tao calling for a new standard thinking that there needs to be an overhaul to the entire monetary system in the world so in a nutshell it's saying that the current system is no longer suitable which is a very scary thing to say and so while the details right now are currently scarce of what it actually means speculators right now believe that this could very much involved bitcoin taking the place of gold as a hedge against inflation so if this new standard emerges it could use bitcoin as a hedge and the timing is just so perfect as what you just said with all the

c.d.c.'s now coming online not only the u.s. but also with china and other countries as well so if this happened that quine could easily top 100000 which is great news for all of the hollers but actually it could also lead to some. very disturbing new reality in the future for c.b.s. these where basically the entire establishment is moved on to a digital money digital socializing and a complete public tracking tracing and controls and monitoring of transaction tracing and them them telling you where your money goes so that'll be interesting to see how this is actually going to play out i know we've talked about this law and we'll continue to to discuss it we approach and if it comes to fruition or whatever happens the most co-host christi i end of time randi c.e.o. of openness i'll see thank you both for breaking this down for us thank you. after years of debate over how to dispose of treated radioactive water reports surface

that japan plans to dump millions of gallons of fukushima water into the ocean environmentalist and local fishermen are worried and urging the japanese government to reconsider the decision the plan is to dilute the water up to $600.00 times by contaminated water of the plant managed by the tokyo electric power company is already running out of storage space and it has cost tepco $200000000000.00 in september prime minister yoshihiko shogo said the government would like to take the responsibility and decide on the direction of what to do with the treated water as quickly as possible the water tanks are expected to fill up by 2022 and the earliest which the release would take place. time now for a quick break but stay here because the whole return the great barrington declaration is under scrutiny by those who say that implementing strict law is not the answer and we have a panel standing by as we go to break here the numbers at the close. election.

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men not me a dollar for bush. i kind of what i wanted on course if i'm not big now on that it's hard enough. members of the africa mafias them safe and quick passage to europe but once they. leave they are enslaved the country child util. will not some of them leave your mom on and off and you know. this you need to get it out i mean. on the cheek with. the soul of the. let me guess all on court of the united. because the persona that kenny mayne thought all this carbon war millenia.

was a pandemic no certainly no borders just blind to nationalities. as a muddled up with the we don't look like seeing the whole world needs to be. people . judging. commentary crisis at least based on things. we can do better we should be. everyone is contributing to each or our own way but we also know that this crisis will not go on forever the challenge is grateful to response has been much so many good people are helping us. it makes us feel very proud that we are in it together.

the world trade organization decision to authorize european union tariffs on u.s. imports adds tension to this transatlantic trade the e.u. could impose $4000000000.00 in annual tariffs to the u.s. in a dispute over subsidies of plane maker boeing executive vice president for an economy that works for people on commissioner for trade all these dombrowski said additional duties are not in the economic interest of either side particularly as we strive to recover from the coven 1000 recession this comes in retaliation after the u.s. already imposed tariffs on the e.u. last october hitting french wine italian cheese and single malt scotch whiskey and others while the e.u. hopes to find common ground and for the u.s. to drop these tariffs. it's called the great barrington dark gratian

a signed document by over 10000 medical and public health scientists 27000 medical practitioners and over half a 1000000 concerned citizens the authors of this declaration which include a professor of medicine from harvard university a professor an epidemiologist from oxford university and a professor from stanford university medical school calls for an end to all current lock downs especially for people who are deemed a low risk of death an infection from covert $191.00 section it reads as immunity builds in the population the risk of infection to all including the vulnerable falls we know that all populations will eventually return immunity the petition states our goal should therefore be to minimize mortality and social harm until we reach herd immunity joining us now to discuss. swan and jeffrey tucker of the american institute for economic research element thank you for being here ben

obviously this declaration is extremely controversial but isn't a covert vaccine supposed to get us to herd immunity. yes it is yes to both of them it's controversial and a vaccine is supposed to give us the herd immunity but it's not the only way to herd immunity unless of course you only listen to big pharma big pharma will tell you that before vaccines i guess there was no such thing as herd immunity and yet now we know of course that that's not true what we know is this the way the human body responds to pandemics because there have been pandemics all throughout human history is to build herd immunity through exposure to a virus what this document is essentially saying is we know and what we do now know about covert that we didn't maybe know 6 months ago is that there is a certain segment of the population that is not very susceptible to coat it the younger you are obviously children teenagers people under 19 years old have you know virtually no susceptibility in terms of getting sick or dying from it and then anyone who is under the age of 60 really doesn't have

a tremendous number of people who are susceptible to it the average age of death for cove it is 78 years old which also happens to be the average age for life expectancy in the united states so the point of this is to say that by allowing people to get it who are not in the and not allowing like forcing them to we're going to cut you know pox parties but not shutting down the economy allowing people to continue on with their lives people will begin to get coated and that will allow for herd immunity without waiting another 18 months for a vaccine it is science that says that this works it's not just some kind of you know weird troll on the internet and if you look at the epidemiologists the viral the just the vaccine scientists who have signed off on this document i mean these are people who absolutely are qualified to make this statement and as you said at the beginning thousands of them are lining up for well ben let me ask you this sweden tried herd immunity and we heard their numbers are up they don't work they're dead it actually actually it has worked much better in sweden if you look

at sweden's numbers they are outperforming most countries in europe they are now 12 percent lower and their death rate in the united states is. what's interesting about sweden is that they are not seen an uptick in deaths so they have had a resurgence of some cases but in terms of actual deaths their numbers have almost flat lined and if you look at the numbers from month to month they are down almost double digit not double digits excuse me it's almost a 100 percent drop months and months in terms of deaths until they got to the point they're at they have fared much better than all their neighbors in europe and we do know that with no luck right and they have they have protected also the elderly and those that are more vulnerable to this. jeffrey you might expect there there is obviously some pushback on this one a group has written a counter piece in the lancet saying prolonged isolation of the largest swath of the population is practically impossible and highly unethical this group calling their response john snow memorandum named after the father of modern epidemiology is it and that the goal to achieve immunity through natural infection at an when it

come to an undue cost to some of the most vulnerable people. and that's unethical to lock down society and destroy the lives of the poor the working class the arts lock people out of their churches forbid travel and trap people as if and treat people as if they're animals in cages which is what we've done for the last 7 or 8 months the statement by j. bhattacharya march and cooled off and the brilliant and wonderful so natural group of the world's leading epidemiologist was a humanitarian state but they felt like they had to speak out they watched all this ridiculous nonsense go on this unprecedented excess experiment in social control and the disease of in the name of disease mitigation that has achieved absolutely nothing there's not a shred of evidence that in lockdowns of save the single life one you can plot it out desk for a 1000000 government stringencies you will see no relationship whatsoever and they finally couldn't stand it anymore and they came to i'm speaking to you from great

branch right now they came here and we held a nice day long session with some journalists and they. the statement and i didn't know those going to go mega viral but you know their statements on 1300 words and if you read the statements funny you described as controversial because you know from their point of view this is a statement that combines cell biology with basic public health concerns which is all about maximizing the wellbeing of everybody and minimizing the fatalities in the event of a pandemic that's all the statement did and the fact that it's and lies the world shows something about the times in which we live there's there is nothing should be controversy about this the strategy they're proposing is what we did in 200996816571058149 and 51 and so on that's the way a free society a civilized people manages pathogens and that's all the statements about ben what's

your take if an ethical or. i think what jeffrey said is exactly right it's an ethical to do what's been done it can sit and by the way i find that terminology and i know what your terminology this is the terminology of the group that's pushing back and publishing the lancet but i think it's disgusting look let me be clear about this the world health organization which i disagree with on a lot of issues regarding cove it has come back and now said that lockdowns across the board that massive lockdowns were a huge mistake not only that but they predict that that these lockdowns this summer doubled the world's poverty rate and those who are living in poverty the numbers of people living in poverty doubled over the summer that is unethical that is immoral to put people in that position and that doesn't mean you don't take care of people but you can protect the most vulnerable people by habit this idea not putting infected patients into nursing homes why don't we do that instead of locking down every school in america and around the world insane children might be infected but

we're going to open up the nursing homes and by the way i just want to say hats off and thank you jeff. for being part of this group in barrington that did this because it's about time that some commonsense was spoken on this issue and here's the issue too i mean some patients this was also because we wanted to to avoid overcrowding in hospitals right at some patients were put on ventilators which should have never been put on ventilators luckily yes right deaths are down but but the numbers keep surging jeffrey tesla c.e.o. and tech giant yuan musk he's showing his support online for this document saying that he and his family don't plan to get vaccinated against kobe when the vaccine is available do you think we'll see a wider divide between people over this issue of lockdowns as we head into the fall sure i mean it's actually it's actually a shock again i'm i'm astounded that this statement is considered controversial you know at all. these great scientists just said what they know and what they know for sure and you know i talked to the primary driver of this this morning martin cooler

and he said he predicts it and within a year's time all these people who are objecting to the document are going to experience you know professional disgrace because the document is just plain statement of science as you said and cosigned by 10000 other scientists and you know as for the vaccine you know you know sinatra told me something interesting that i had not tried to tell them should she said that daschle acquired immunity is much safer and more effective than an untested vaccine that sounds true enough right once you hear it but but that that is the truth has not been uttered in the public right now we need to deal with the fact that we have pathogens among us we always have and we need to deal with them by still having civilization and freedom stuff like it's just it's just mind boggling that we're looking at pushing for the straight care of axion who we don't know what they're going to be able to trust and for them maybe looking at treatments or other solutions the more time that passes the more we're learning about the virus jeffrey tucker of the american institute

for economic research and with co-host and investigative journalist ben so on thank you both for breaking this down and for your time today. that's all for today but wolf in that time. americans love. this was a fundamental part of how our political leadership and our country a large understood the bargain you get a hope and then you know rebel right as the things you don't revolt if you have

a stake in the system. and be really interesting to dial it back and think about the longer deeper history housings men in the united states not just that question of the american dream but the bigger question of who the dream is and for . one else seemed wrong. just don't all. get to shape out these days become educated and engaged with equals betrayal. when so many find themselves worlds apart we choose to look for common ground.

so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race in his own spear in dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. secret prisons and usually what comes to mind when thinking about europe however even the most prosperous can be deceived within the zeros on the word to view houses were. preserved were located and the only people had access to the story investigators covered the darkest dealings of the secret services but i mean. the great ignore. for. crying for justice on.

the french government is to take on islamic radicalism but there are fears it could lead twists in islamophobia in the country. and integration issues elsewhere in europe and lebanese man is denying german citizenship over his refusal to shake hands with a woman discrimination or just by the quest opinions differ. with a clear signal that he still is here to a totally different value system of. the one which is established in germany this is a cultural and philosophical fascism is somebody to shake a hand it's not the end of the world plus in latin america a prominent supporter of political ousted president try and play in the country's presidential elections according to preliminary results.