american media to reach nearly in lockstep to practice journalism again ideology trumps common sense reality and after the election how many voters will say not my

president. the bill is to big table of the reset and. global powers decide who pays what and according to what you're saying there looks like. the u.s. to pay the most because that economy is the worst in terms of it's been using the world reserve currency the u.s. dollar to expand its empire over. to the far reaches of the glow. heads you know many of this now no longer works.

this is the one business show you can't afford to miss a boring washington coming. could stay still to december. as another wave of kobe $1000.00 infection slim's europe the united kingdom will reimpose a major national walk down straight ahead we take you across the atlantic for the latest plus as the u.s. election campaign nears an end we take a look back at the horse race and the big dollars that fund it we have a packed show today so let's dive right in. and we lead the program with the latest lockdowns in the u.k. is europe continues to see a surge in coping 1000 cases. now the announcement from british prime minister boris johnson comes as the nation eclipsed 1000000 confirmed cases of the coronavirus the new restrictions will begin thursday the 5th of november and last until the 2nd of december the prime minister spoke about the new measures on

saturday in this country alas as across much of europe the virus is spreading even faster than the reasonable worst case scenario of our scientific advisors whose models as you've just seen now suggest that unless we act we could see deaths in this country running at several 1000 a day now is the time to take action because there is no alternative because day until the start of december you must stay at home you merely leave home for specific reasons including for education for work that's safe you can't work from home exercise creation with your household only your own with one person from another household for medical reasons appointments and to escape injury or home

to short for food in essentials and to revive care for vulnerable people as a volunteer. johnson defended the decision monday saying there was no alternative but to take action meanwhile the handling of the pandemic has become a major campaign issue in the presidential election in the united states president donald trump on sunday took issue with the latest set of lock downs in europe while on the campaign trail also discussing what he believes will happen if former vice president joe biden or to win the white house. europe of poster coney unlocked cases were surging and deaths were surging but think of a draconian now they have to do it all over again what the hell are they doing i think i'm going to go over to. the vida lock down to a mean no school no graduations weddings or you know thanksgiving. nobody's sure is no chris reason is no for the generalized and no future other than that i think he's doing what a good job right. by these locked up you'll be living in

a prison state that's what it is there want to lock it down. and we may be inching closer to a coburn $1000.00 vaccine as astra zeneca announced sunday regulators in the united kingdom had started an excel aerated review of the company's potential vaccine during these types of reviews the medicines and healthcare products regulatory agency or m h r a is able to see clinical data as it comes in and communicate with the drug maker on the state of manufacturing in trials to speed up the approval process astra zeneca has vaccine which is being developed with oxford university has been seen as one of the front runners in the development process fellow front runner fires are said friday it had begun an all accelerator review with the m h r a as well so with all of this in mind let's go ahead and take a look at the trends and spread of the virus globally with our t correspondent science having her side where are we monday so right now the global economy iras total stands at over $47000000.00 and growing at about $1200000.00

deaths now europe north america and latin america are accounted for about 70 percent of the global case says that over 79 percent of the global debts now the u.s. leads the world in their number of cases and that's what over 236000 and a growing now sunday's numbers there were lower but the 7 day average is now at the highest the country has seen you see right there on top so right now we're 45 for. sent up compared to 2 weeks ago now in fact cases have actually been increasing in cross the country at the fast this raid since the start of the pandemic brand now take a look at the us right now every single state the reason everything here is green is because we are seeing record higher cases compared to 7 days ago now michigan reported more than 4000 new cases on sunday its 3rd highest since the pandemic

began after hitting a record last week now high oil they've also reported its 3rd highest daily total after reaching record levels at the end of october now other states that have seen a higher numbers recently reported lower daily figures for sunday including wisconsin and pennsylvania but only because the number of new cases reported tends to be lower at the beginning of the week because fewer people get tested over the weekend and that's they're up 19 percent compared to last week now some of these numbers for example wyoming yet again with the highest 14 day change and that's 533 percent montana right now has a 158 percent spike and it's called $1000.00 that that's wisconsin that's 167 percent new mexico $78.00 south dakota 68 percent

and it's not just bret it's not just death spread but hospitalizations are also on the rise which means that there are going to be leading to more deaths in the coming weeks so obviously not the direction the nation needs to be going right now brant then so are we actually just spoke about the u.k. lockdowns can you give us a rundown of the block those european nations are facing right now so a large parts of europe and they're lockdowns this week with more country joining the list of nations you know they have this. cited that a tougher restriction is the only way to stop the virus from getting out of control although some would argue it already has because listen numbers don't lie you know we mentioned you care earlier they were already past the 1000000 mark and they have the they're the country with the highest death toll in europe we see right here that trend is going higher and higher and therefore we partial lockdown in england starts november 5th so it's less strict than the 1st one they had in march which was but right now it's non-essential shops. are closing but schools and

universities are going to be remaining open and now i want to go to germany they're going into a partial lockdown starting monday and you see their cases are also trending up now this new measure will close bars and restaurants and hotels while keeping schools open and germany is also in another bad situation addition to their cases going up because they are no longer able to track infections back to the source known as contact tracing a very important element in controlling those viruses now in italy you see them going up once again they're seeing a surge in new cases now their government imposed a new curfew and which has led to anti lockdown protests that we have been covering nonstop here now france last week entered into a new lock i mean take a look at this. they were under 5000 cases a some under 2 now their head over 50000 cases

a day so now their new partial lockdown is going to last about a month which schools and workplaces remaining open but people who are crying permits to actually leave their home now want to go to belgium just take a look at these actually no let's do spain 1st so spain they when they were looking good in september but then towards the towards the beginning of october they started going back up and now you see once again they're reaching anywhere from 122-0000 cases. per day now they're having partial lockdowns on the clusters around the country that is seeing the most cases now and now let's go to belgium i mean take a look at this so in sid tembe are they we're seeing less than $400.00 cases per day now fast forward about a month and a half they are seeing about $15000.00 cases a day now they announced the partial lockdown starting monday and that's their latest because they have the highest infection rate in europe now this new lockdown

means non essential businesses will close until mid december last may i want to go over poland they to again take a look at this in so temblor they were and they were getting about $1000.00 cases a day now they're almost at $20000.00 cases per day so even though poland already had the highest level of restrictions to date in europe with public gatherings being banned school clothes and restaurants closed they still have managed to see this huge spike so lots going on in europe which will be covering constantly bring into our viewers brant correspondent saya temperature thank you for keeping us up to date. and global equities rebounded monday after that massive selloff we witnessed last week so let's go ahead and take a look at what's driving markets with us co-host christiane and the managing director of the market gauge group and author of the bestselling book play your money tree a guide to growing your wealth michelle schneider thank you both for joining us

today michelle i want to start with you is the rebound simply because everything got oversold last week or is this driven by easing concerns did anything really change between today and friday aside from more coronavirus cases. well actually on friday we started to see some positive signs if you separate what is happening in tech in the fang stocks and that is not altogether on expected considering i know we have talked about the fact that the big big stocks had not much. to go to the upside and we look at where the money started going in to on trying a small caps the transportation the retail the banks which hadn't really seen any great rotation on friday will grind came into those areas at the end of the day and on a weekly basis they held technically where they were supposed to so the follow through today is really not necessarily that big a shock and yet if we also step back it's still very small within the big range that we had yesterday so really

a lot remains to be seen as we continue the week kristie j.p. morgan actually just downgraded the tech sector for the 1st time in 2 years what are they see. so the tech sector as the china said it's basically driven this entire rally since march so now j.p. morgan downgraded from overweight to neutral saying that no matter who wins the most there will be a change and market leadership so this downgrade comes after the nasdaq fell nearly 9 percent since october call which is basically just shy of correction territory so j.p. morgan isn't the only one taking money off of tech now david einhorn and greenlight capital and known for its the jerry shorts he recently published a piece to kind that's the tech bubble popped on september 2nd when both the s. and p. and the nasdaq all time i saw according to him investor sentiment is shifting as the bubble is toppling under its own weight as everybody and every last robin hood he has basically bought into this tech rally adding on dips and covering every

single last short so there's no more incremental buyer all the way up here and j.p. morgan saying the same thing and it's now pushing all of the value stocks in upgrading bank names like michelle said from neutral to our way so this actually accelerated today and accelerate the tech selling today as in see this rotation going into banks which have been a terrible performer year to date down about 4.2 percent in the euro zone and it's looking really cheap down here so this time around their balance sheet are a lot more resilient so any. and would be good for. our markets setting up for these presidential elections tuesday what are investors piled into and how are they hedging for a potential long term policy shift if there was a change in power in washington. it seems like the market is actually hedging for either candidate to win because today if you look at classically what happened today you have a huge amount of money going into the cannabis stocks and even though separately there are 5 states that have the causation of cannabis on the ballot really federal

government cooperation is going to be key to whether or not that can rally sustain so we saw some money there but we also saw money going into oil and gas the old oil and gas also alternative energy so you can say that really the money is sort of spread out for either or and i think there's one major reason for that no matter who wins there will be a stimulus package how that look specifically we don't really know but i'm going to take the guesswork out of this a little bit a finite a as floor traders we would look at opening ranges and then we would trade off of the breakout of the breakdown of that range we have done a lot of historical research on election opening ranges and really you feel look at the range from today monday to november 6th the high or the low next week really if you don't want to over think just follow the range buy stuff that breaks out that would be the bullish ones to buy and then sell dollars or just know that these things will be barest of things that break down to the underside and really it's

that simple so it takes a lot of the guesswork out in terms of who's going to prosper and who's going to fail depending on who joins now kristie i know you like to keep an eye on the crypto market how about bitcoin how is crypto actually positioned going into the presidential election. well the big climb is literally just dollars away from its highest monthly close so this set of going and elections it's actually looking quite bullish especially we look at a few factors going on right now so firstly regarding the elections no matter who wins the result will be pretty good for safe haven such as gold and because i mean on the us situation for markets in europe that's looking pretty bleak with the new lock down restrictions being implemented across continents so now the e.c.b. also confirming more stimulus and more money printing with democrats and republicans at full strength for mike more stimulus because it is looking pretty good as an inflation hedge so secularly we also have the support of institutional as they continue to just so the tween pay pal which is the 2nd 20th smartest bank

my deposits coming in you know square greyscale micro strategy and all that it's really safe to assume that all the remaining big quine in existence they'll be eaten up by all the other companies so they point right now they're watching the next few days very closely because if bitcoin stay above 10000 i to morrow i elections we could see another rally wait because i know there are because i will have spent 100 days above 10000 consolidating and stabilizing and so while i hit predictions on all that if we look at what happened historically now going tends to get in by an order of magnitude whenever it's been is above certain price points or $100.00 days so it's a really interesting pattern to point out one prediction or anything but it is a pattern because after staying above $10.00 for a 100 days it took only 120 minutes are going to reach $100.00 after staying above $100.00 for $100.00 days you hit a $1000.00 and have a stamp of

a $1000.15 days 810000 so at any rate it's coinciding with a major us catalyst whether that's coincidence are straight and no matter who wins more stimulus or war money being printed these translation which works out perfectly. co-host christiane michel schneider of the market gauge group thank you both for that expert analysis. and the new brand. and time now for a quick break but hang here because when we return election season 2020 is winding to a close the united states so straight after the pause we bring you up to speed on the funding of this horse race and as we go to break here the numbers of the close.

sputnik 5 has the world. just like its namesake the original. the 1st draft of a to leave. orbit the world's sidewall many questions remain unanswered about russia's new vaccine the authorities are confident enough to go forward with mass production. models for. what's going on in the family states please we may see you specifically say life in the because no one from the. real radio received. interest in preliminary requests. billions those of us fresh overseas. all right this is happening all the way to go and the reaction has been exactly the same as it was way back then journalists not jealous not the world reaction is made of green cheese.

little a little boy would. do much good for. welcome back the 2020 presidential election has come to the end of its cycle and there are a number of reasons that this election will go down in history but one of those reasons this will be the most expensive of all time that is until probably 2024 joining us now to discuss is boom bust co-host ben swan so bad can you break this down for us the cost of this election how much was spent on the presidential race and how much went to congressional and senate races yeah it's pretty incredible and

you're right it's probably going to be a record that only holds for about 4 years but if you take into consideration how much total we're talking about $6600000000.00 let's break down how that compares if you talk about what was spent on congressional races in 2016 the amount that was hit was 4 point $1000000000.00 in congressional races this year it's projected that number was $7200000000.00 so nearly double the amount that was spent in 2016 and then also on the presidential race $2400000000.00 was and spent on the presidential race this year is expected to be around 6600000000 so the numbers are just unbelievable when you think about how much that spending has just vastly increased print over where it was just 4 years ago which by the way yes to your point was also a record election in terms of spending and it's kind of bizarre ben if you think about it because president trump doesn't traditionally spend as much as a normal republican candidate so when we talk about looking forward and having an establishment republican which we would assume we're going to have in 2024 this is

this number is going to go up and is going to go up probably by a lot correct yeah absolutely right because the truck does not spend his own money on the campaign and he actually was vastly outspent last time around he's been vastly outspent this time around he's pretty unusual in terms of being a president a lot of ways but certainly as a campaigner he does not raise the kind of money that other candidates do you're right about. special interest groups are always getting involved but this year you are seeing significantly more money being spent by silicon valley to oust trump and support biden than we saw for clinton in 2016 correct yeah we're talking about some pretty staggering numbers here so we break down silicon valley who does that mean what means people living obviously in san francisco area it means specifically people who are working in a dignified themselves as either software software engineers in those areas or in venture capital and then also who work specifically for either facebook amazon microsoft netflix apple or alphabet or one of its subsidiaries but here's the amounts in 2016 silicon valley vastly spent for clinton over trump to the tune of about. what was it $163000000.00 but this year they've increased that

spending by about 22 percent at $199000000.00 that's how much silicon valley has put toward joe biden in trying to get rid of the ultra you know over the weekend the biden campaign actually released a list of its largest donors they call them bundlers those are the people who fundraise for the campaign why did the campaign wait so long to release this information until we were just a couple of days away from folks go to the polls yeah this is kind of interesting because you know brewer broke obama was all about transparency he was going to be the most transparent administration in history but one of the things that he did was he came out and on a regular basis would announce who the butlers were who was going out raising money for him and who the large donations were coming from in order to match that hillary clinton did the same thing in 2016 being on a regular schedule biden has not done that this time around in fact what he's done is held off until the very last minute over the weekend as you said finally releasing some of these names and some of these bundlers are very surprising people

to judge is one of them adam schiff the congressman from california is one of them wrong conway is one billionaires like reid hoffman but what's interesting about this in campaign finance watch dogs are very concerned about the fact that they took so long because biden did not follow in the footsteps of obama or clinton. the way they ran their campaigns in terms of releasing that information and held on until held on to it until the last minute when we talk about this these billions of dollars being spent now i know you've spent time in local television stations and i spend time at local radio how much is being spent on media a good portion correct oh a huge amount is being spent on me us where most of it goes and by the way it's not just on local television right national television on also on the internet if you go to youtube when you click on any video on you tube that's monetize what do you see you're seeing campaign ads running all the time on every one of those videos it's running all social media all the time it's also pretty interesting to see that not only is a huge amount of money being spent right now but the amount of time that it's been

spent keep in mind people have been running for this office now brand for 3 years and 2 months that's when the 1st democratic challenger announce that they were going to run that was 3 years ago and 2 months and so you're essentially we're almost hitting the point of it inless presidential cycle and how does that differ from where we see you know internationally at some elections in europe you see that they have limited campaign cycles is there an appetite for that in america because you're right we campaigning for $1200.00 days now the term election fatigue doesn't even seem to cover it the way you feel about election now so is there any call for that or any movement towards maybe a truncated election season well there is not a call for it right now if you ask if you ask most americans most americans wanted i think because there is absolutely election fatigue taking place and keep in mind we have election fatigue and the election hasn't even happened yet so we're in process tomorrow obviously is

a big deal on tuesday we have the actual election and then how many days or weeks or months do we go even beyond that before we fully understand what's taken place so we stay in election mode and you know november 3rd is not in the election having said that we're talking about 1194 days that was when the last or the 1st. excuse me democratic challenger came in it was that long ago so what we're we're moving toward is this kind of perpetual cycle of campaigning but it creates jobs for people in washington d.c. and lobbyists and political activists and people who make money and advising campaigns they want to keep that in motion and it also works for as you said for media who makes money off advertisements and the money that's spent for them so the people who really have the microphone to say we maybe we should have some limits on this are the ones who stay in the most from having perpetual election cycles well because it definitely seems like there's a hate to use these kind of terms but a d.c. insider feel because you see it every election cycle and you actually see it coming

through the primary cycle as well say a primary candidate like bernie sanders he has a big staff but he loses about 9 months out and has to kind of wrap it all up and goes to a smaller staff and then you see those folks who've made their money throughout the entire year and they spend you know i don't know a year on the road enjoying vacation while the rest of working class america is trying to pick up all the pieces ben swan thank you so much for following this for us and breaking it all down you've got to think sprint. 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 or google play and the apple app store by searching portable t.v. portable t.v. can also be downloaded a newer model samsung smart t.v.'s as well as roku devices or simply check it out after portable t.v. we'll see next time.

when else seems wrong. i don't really. just. to me to be to shape out these days to come to educate and engage with equals betrayal. when so many find themselves worlds apart we choose to look for common ground. american media to reach nearly in lockstep point each practice journalism again ideology trumps common sense reality and after the election how many voters will say not my president.

the us has a history of complicated and heated presidential election what's different this time is that the biggest political events of the last 4 years is happening amid the coronavirus and the rest of them to the level of civil unrest sparked by the death george floyd and the lies of the radical groups on both sides of the political spectrum. right now with breaking the city ordinance. say. these groups attract barely a week members who have taken to the streets may control tasks look like full scale what you see here was only a taste of what's about. this demonstrators are sometimes have arms and they are not afraid of violence or law enforcement. if you want a war lead to deal with us. we're going to meet those groups and their

leaders to find out how far they're ready to go to fight for what they believe the stupid for this country. oh and i'm going to a situation in the austrian capital with shootings at several locations including near a synagogue at least 2 people have been killed and police are searching for at least one perpetrator. also protests this week in the muslim world against the french president's crackdown on hardline islam after a. as of terrorist attacks our guests gave us their views on the growing rift. religion as in opinion we are for terrorism but we also want the right you know for our voice to be heard in these countries are. completely.