it is now on what looks to be. saluted like some who are from the government the federal reserve is likely mali like it's never been done before interest rates of virtually 0 so you get a maximum of 3 stimulus and now the people the leads that are urging fiscal stimulus are up a bit this is a market making but if we don't keep good government sure enough our economic system we are at risk that is simply grates with different experiences of white black and brown men and women different regions this is a very serious economic downturn and it is way more profound than the political bickering that is wholely the life support role an honest appraisal worried about the likes of so well we're looking at now an extended recovery we're

looking at a v. shape not too long ago but what this 2nd wave and even 3rd wave of possible cases we're saying this isn't going to go anywhere anytime soon and more stimulus again will lead to more of that and a longer recovery but the american people say they they need to see the money businesses are dying kristie we were still in the midst of a busy earning week though it was some pretty big movers today including fries and netflix now you lay lilly and more we have a pretty mixed bag of results how are these earnings playing out this quarter. well like i said it's been a pretty mixed bag some names like snap reporting tremendous growth during kogut and other names like netflix which initially search for in the stead home mandate now dropping on the growth but the common thread between all of these names that outlook and growth still remain uncertain and no management wants to communicate or make statement on the future right now so nonetheless we thought the major swings in the sand that earnings came out and it's not surprising that the trades were executed by algos the very thing our goes out rock the market after every single

trump tweet with the trade war last year so a recently published and me are working paper shows that many public companies are now changing how they communicate in order to appeal to algorithmic analysis of their financial filings and quarterly investment calls so financial analysts they have published a qualitative list of good and bad words commonly used in the filing now the study shows that the public companies have been using fewer of the bad words and regardless of the method found that management they tried to sound more upbeat so that voice analysis software listening to the call would read these emotions as positive so it's really interesting that as technology gets more sophisticated both written and spoken financial disclosure is adapting so aka disclosure is getting muddier and world pay as we go because management doesn't want to make any statement on future outlook given the global uncertainty and to management just started using more neutral terms and guidance as to avoid the wrath of the algos

impacting their stocks so kristie essentially headlines and news are where it's driving up the markets are causing this. headlines and news but they're less definitive and they're more opaque so it offers more room for interpretation professor in the latest un report it estimated the value of global trade is set to fall by 7 to 9 percent in 2020 from the previous year while we can blame a lot of it on coven much has also come from these heightened protectionism attitudes and countries actually favoring self-reliance rather than trade and cooperation how disturbing is this trend if we continue on this path and global trade continues to shrink like we've seen. well i think it's what every economist has been teaching his or her students for many many years if you become all talk if you turn more is were you can't buy the goods abroad that you were able to bible for at a lower price which is why you went there in the 1st place if you bring in all the

prices will go up that means and inflation we're not ready for it inflation the business class in this country does not want to give workers the n n a a real need to buy clothes made by american workers and therefore priced and he saw the basic problems of a system that has been globalizing for the last 40 years but now all under the trumpet administration and elsewhere wants to slam the brakes on all of that shit through a national its economic program that has at least as many problems and difficulties and globalization did it sounds mo problems it just shifts the focus and when you put that together with an economy based basically on life support from the government you're going to shift the american economy to become more and more reflective of whatever the political theater to be looking like from one week to

the next a professor isn't this what we've been looking for at least striving for and the latest decades globalization innovation by working together and not being so protectionist. exactly and we build up in the economic system that depends on it from the long supply chains to the financial arrangements to the prospective investments and so a sudden shift which may be clever politics can reach average which is why christine is quite right that the big theme in wall street is the absolute unsung of having any idea how to make a long term investment which is not being made and hence the problems well chrystia before we go i want i want to get this question and pay pal officially confirmed on wednesday that it's entering that cryptocurrency market what does this mean for big quiet and the cryptocurrency or the crypto industry at large. so this is

a huge deal crypto is now that much that much closer to going mainstream with pay pal with over 300000000 active accounts around the world this is a great gateway provider for the average consumer as it will allow users to buy sell and hold coin so after the news broke that quite like as much as 8 percent higher pushing close to $13000.00 so the thing is paypal intends for services to be online within the coming weeks with plans to expand that to then mail and other countries so while this is big news and it's a huge endorsement were quick to add that it's likely to spark the wider adoption of pay pal so the thing is while this is all well and good and exciting pay pal says that it will not allow bitcoin or other crap to be withdrawn or deposited now this is really important because once you buy the coin they staying your account until you sell or spend the one to buy so in other words once you buy the coin pay pal is then the bank and they will not allow you to transfer your money into different competing thanks so essentially your quine are on the pay pal network it

stays there you cannot withdraw and sell somewhere else they like an open exchange with sufficient price discovery and minimum fee so you'll be sacrificing the convenience for financial freedom as what we've said time and time again if you don't own your keys then you don't own your coin pay pal owns the keys and there are ready thing that is going to be restricting your movement so right now convenience is coming for crypto but at a great cost a lot more oversight i'm sure will continue to talk about this as as it continues to open up more crypto digital currencies and companies and best in these types of programs with with digital currency who must co-host christine and richard wolffe host of economic update thank you so much. moscow has responded to the latest u.s. sanctions against north stream to that natural gas pipeline that running from russia to germany that is nearly complete well kremlin spokesman it to me true

peskov called the latest sanctions an unfriendly and destructive policy of constant introduction of different restrictions against us our economic operators and our economy unfortunately they have been pursuing this destructive policy for over a year and it certainly damages our bilateral relations earlier this week the us announcing sions to firms up provide services or facilities for upgrades or installation of equipment for those specific vessels well the us continues to pressure germany to stop construction of this pipeline saying it in danger is europe's dependence on russian gas. a day after the d.o.j. officially launches its antitrust lawsuit against google 7 more states attorney generals have indicated they may join the lawsuit as well the attorney general of new york along with attorneys general of colorado iowa nebraska north carolina tennessee and utah they all released a joint statement on tuesday saying they plan to conclude parts of an ongoing

bipartisan investigation into google's competitive market these behaviors in the coming weeks at that point they will decide whether to file a complaint and will file a motion to then consolidate with the case filed by the d.o.j. on tuesday joining us now to discuss the state co-host and investigative journalist bence want to bend this is much too similar to that case we saw 20 years ago with microsoft but why do some say this is much stronger against school. yeah it's pretty interesting how similar it is remember 20 years ago when we're talking about microsoft microsoft was basically told it was committing anti-competitive practices by building a default search engine into internet explorer and that way everyone who had microsoft equipment would essentially automatically be using their search engine well google's that is a very similar thing the idea here is that google has developed through 2 means the ability to be able to dominate the search market one is to their android operating system that's where it's similar to microsoft that was enjoyed operating system

which is on a huge number of phones worldwide it's really the the largest operating system in the world for mobile devices you are by default using google if you use an android device and that regardless of who the carrier is whether it's t. mobile whether it's sprint whether it's verizon because what google did was they offered money and incentives to these companies to essentially make sure and protect their ability to be the number one search but then also we know that in 2018 apparently. the c.e.o. of google and tim cook the c.e.o. of apple had a meeting in 2018 where they talked about how apple could be a part of this and google essentially according to this lawsuit spins 11000000000 dollars a year protecting their ability to be the default search in apple whenever you use an apple device and that includes when you asked syria question it runs through google not through any other search provider so apple could be a huge part of this obviously what sort of a challenges are they going to face going into this yeah i think they're going to

face some challenges and one of those is the fact that again this this whole thing is built upon the idea of anti-competitive practices right and the collusion between major tech companies to basically block out and box out competitor smaller competitors and so by google asking to do this and by apple agreeing to do this apple yeah they're taking in $11000000000.00 a year which makes up about 20 percent of all of apple's profits for the year so 20 percent. their profits come from being paid off by google to make sure that no one else through to the search has the ability to be able to compete with google that's an anti-competitive that prevents competitors from being able to be a part of this and of course apple has their own issues all of this set aside with what's being the allegations of their facing in terms of how they operate the app store and the fact that they have systems that keep certain developers out and they take huge amounts of money from the developers they let in so both these companies could be facing antitrust action and we've heard

a lot of european countries too coming against that especially in the apple app store and in the latest month but how realistic is that we've talked about this before ben that you and i and the common average american our person is going to switch from google to another competitor and what are the chances of that even happening yes see the problem is that google says people use google because they love google not because we're forcing them to we're not making anyone do anything but that's not really a true statement yeah it's true you're not making anyone do anything but by by paying essentially to be the only option when someone goes to their phone and just searches in their apple phone for any of that ceremony as they i want to look around so you look are up it's going to be google that provides that search results not because the customer said i think google would be the best choice for this it's because of the fact that google has positioned themselves and aid to be in a position where by default you are the choice and so i think the issue is this that at its core what will be done about it is the real question not so much

whether or not google's been anti-competitive they clearly have but not whether apple was anti-competitive or facebook is anti-competitive they all are no question the question is what do you do about it and right now the d.o.j. actually isn't even prescribing anything to do about it they have no specific rim of these to this problem listed in this d.o.j. lawsuit instead they're just kind of leaving it open ended which means what maybe pay a fine maybe know how to fill out a little bit here no solution here and that's a huge. problem for us all we know it is the default you can go under settings and change it but really who's who's going to want to do that and go into the starting rotation to do a different search engine when you have the convenience of just pulling up and googling must co-host an investigative journalist ben song thanks for breaking it down for us you got it this. time around for a quick break but stay here because when we come back we'll talk to infectious disease expert dr william schaffner about the race for a cold one vaccine and how long we may still have to wait for a safe and effective shot to actually be approved as we go to break here the

numbers are. l. look forward to talking to you all that technology should work for people. i robot must obey the orders given by human beings except where such orders to conflict with the 1st law show your identification for should be very careful about artificial intelligence and the point is to create a trance. like theories chozen with artificial intelligence will something to.

the robot must protect its own existence and exist. in. secret prisons and usually what comes to mind when thinking about europe however even the most prosperous can be deceived with. the work to view houses were . located only people had access to the story for investigators she covered the darkest dealings of the secret services but i mean. you grated nor. for. trying for justice. you know what i mean maybe at their school. i

kind of but i wonder. if they now want it gets higher than our. members from africa mafias them safe. to europe but once they. leave the cult speech. will not last some of them maybe i'm not i don't you know it . this you need to get it out to him. from the chain of the the soul of the. court of the united. because the persona that can't even you scowl be the norm.

is you'll media a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being led to. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or remain in the shallows. let me break. my favorite

for a bit and you're absolutely wrong it's we have a part of the brain right here in the middle that's on the right side very high with assimilated. even healthy people one of the groups for sold out of body experience. oxycontin maker purdue pharma has reached a settlement of $8340000000.00 with the u.s. department of justice this marks the end of criminal and civil investigations into produce marketing and distribution of its powerful painkillers as of now $225000000.00 will go to the federal government with the rest will then be divided up among states local governments and native american tribes for the drug's role in the deadly crisis despite the major settlement produce assets fall short of

$8000000000.00 after filing for bankruptcy last year at least $25.00 states have signed on to oppose the company's bankruptcy plan in order to seek more money from produce owners the sackler family. the number of corona virus cases around the world is going up here in the u.s. the so-called 3rd wave of infections is picking up steam as we move closer toward flu season with a rapid acceleration in the country recorded more than 60000 new cases on tuesday alone this is a 73 percent increase in just over 5 weeks this comes as the race for a vaccine continues with the u.s. operation or speed at full force but what's the likelihood we'll see a vaccine by the end of the year while to answer this question and more let's bring in very much from the vanderbilt medical university of medical center dr william schaffner dr we really appreciate you making time to be with us today let's start with the latest from astra zeneca came out just earlier today earlier on tuesday or

wednesday brazil reported a volunteer in its coronavirus vaccine study. could we be looking at another pause in this trial or is it possibly someone who was only given the placebo. we don't know that do we stay or it all depends if it were in the placebo well then the trial would continue no question about it because after all we are giving this vaccine to adults some of whom are older adults and 1st medical events do happen in an occupation yes but if it happened in a back seat recipient then i would be surprised that we don't get a pause and the data safety monitoring group which is that external group of experts would have a look at astra zeneca what was one and the advanced stages a doctor or what's the $1000000.00 question here realistically speaking out how soon can we expect to see a vaccine or is that potentially as a possible that we're going to see more pass'. we might see more positives you know

that or you know thanks gene it's not a straight line so particularly once again if you're dealing with older adults and older adults are part of this volunteer group we all expect now and then and 1st medical event that could lead to pause but everything considered we still have our fingers crossed that by the end of the year and certainly by the beginning of the new year these trials will have occurred just a point where we can look at them and decide whether we have a vaccine that's effective enough and also safe enough to go with it and we've talked a lot about the focus on finding this cure this back seen to get the infection rate low enough to to resume basically a normal life which could obviously it's going to take some time but should there be more of a parallel track looking into these therapeutic saying president trump said that there pics that there predicts that he took were essentially a cure so what axiom and therapeutic combo be best moving forward. well we

certainly would like both back scenes for prevention there are a few nukes for cure or at least effective treatments and there are studies obviously working on the vaccines and also working on a rise of the of different drugs that could lead to better outcomes if you do get seriously ill so we could use both of those believe me and i know we're still learning a lot from from coven 1000 that we obviously have from 8 months ago when we had our 1st case or through the year but many medical experts are bracing for the possibility that covenanting that it's never going to go away that it will become sort of an endemic add just like the flu in which case of vaccine then what it eliminated do you agree oh yes i don't think any of us think that this virus is going to disappear we need to control it get it down to very low levels and then

if we haven't take it back seems we may have to get booster doses periodically to keep our protection up but we think this wireless will be integrated into our way of life ince forward for the foreseeable future and in the shorter term or perhaps new range term i should say your viewers should know who will be willing to break the masks and do a social distancing for quite a few months and as for right it will be in a similar position next year even where your small or even a people or doctors and medical experts are requiring only some a 50 percent efficacy level for the vaccine can we realistically expect americans in the us to even want to take the the vaccine and to reach the level of immunity needed to end the pandemic. so there are there's a very very big issue in d.c.

we're going to have to persuade the american public to show up some people will get in line right away for the backseats others are going to hold back and we've already have good survey data to indicate that at least half the population will be very restrained and even particular in this disturbs me greatly you spend african-american populations in particular are expressing great deal of caution even reluctance to be that actually so we're going to have to translate what we know about the vaccine and provide a great deal of reassurance and persuasion to get a large majority of people in the u.s. france and it's all about trusting right trusting and really having the knowledge and information and being informed truly informed of the possible ramifications of this i want to get your take medical experts take on the misunderstandings around what we're hearing about herd immunity right we we are finding that many people

think it means that people develop immunity on their own without any vaccine treatment but as you know herd immunity can really result from providing a vaccine right why does this misunderstanding at persist in the media. well i think the misunderstanding or the 2 ways of looking at it crysis because people have been talking you into which is the last thing we want to do is let iris effect so many people that we develop herd immunity on the basis of the iris that would be literally millions of more people dying not just getting infected or dying in the united states and that's why there's this great hope for a vaccine even though the vaccine will be partially affected most of us think by killing many many people vaccinated the large majority of the population so we can develop a so-called herd immunity we can plant in the current reduce the transmission of

the virus by this scientific means which of course would spader many many lives especially if they're looking at people who may end up with underlying health conditions because of this virus a lot of new data really coming out of this dr william schaffner we can't thank you enough for all of your time and breaking this down for us today we look forward to having you back my pleasure. that's all for this time catherine bust on the man on the portable t.v. and we'll see you next time. you know what i'm going to be out there seeing i don't think about at all many of us that grown men not near our bar. i kind of were on the ship on course if i'm not good now i think it's higher than our. members of the

african mafias always them safe and quick passage to europe but once they. leave they are enslaved to the country china europe. will not some of them leave your mama not under you know. this you know i'm going to go to him. on the cheek when. they sold the. lead. on court of the import of it because the persona that i can't even. be the normal. child's seemed wrong. just don't call. me the world

yet to shape our disdain comes to educate and in gains from an equal betrayal. when so many find themselves worlds apart we choose to look for common ground. secret prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived within this 0 zone there were 2 view houses were our. prison was located and only people had access to the story investigators show how they uncovered the darkest dealings of the secret services but i mean. the great of nor. for. trying for justice on r.t. . was little more than

a week before the election many are asking the question do you believe the polls we have good reason to do so should voters trust the polls if you don't trust the polks will you trust the outcome of the election. is your media a reflection of reality. in a world transformed. what will make you feel safe from. the isolation community. are you going the right way or are you being led. away. what is true what is faith. in a world corrupted you need to descend. to join us in the

depths. or remain in the shallows. the final u.s. presidential debate is all set for the day this time the candidates might be muted and florida fuzz is a topic. more trouble fiascos than to cope with 19 a young put into has died in our parks and trial be thought to be reported case why . on for weeks on no signs of response to dispute between us a bunch on and on media openable and i care about remains home correspondents go on the ground he couldn't take us to the frontline and in fact they didn't go either not only because it's too dangerous but because the commanding officer.