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this is boom bust the one business show you can't afford to miss i've been sworn in washington coming up at woody's and big point continue to rally another huge day for the stock market all of this despite the idea that remember stocks were supposed to drop on a contentious general election and we're going to talk about the federal reserve today why your own power may be laying low for the moment how long will that last we got a lot to get to so let's get started. and we begin today with the latest on the

coronavirus as cases have exceeded 100000 new cases reported in a single day it's the 1st time that has happened the number of new coated cases appears to be soaring across the midwest and the plains states in fact new reports show that 7 states have now set records for hospitalizations for covert 19 the states of connecticut maine michigan minnesota nebraska and north dakota jumps of more than 45 percent and their 7 day rolling average new data also shows us that the data that 1907 deaths by the way were recorded wednesday it's lower than the 1134 deaths reported the previous day in total the corona virus has killed $233734.00 people in the united states. meanwhile pharmaceutical giant astra zeneca says that its late stage trials for its potential coronavirus vaccine is on track to produce results later this year obviously this claim is based on a whole lot of ifs if regulatory approval happens and if the results of community

infection rates around the world which includes $23000.00. and here's now enrolled in clinical trials goes well the vaccine called a z d 1222 right now appears to be the front runner in the global race for the covert vaccine according to a new statement by executives on thursday astra zeneca is not able to say how much of a shelf life this shop will have because it is so new they do say that they expected to be ready to supply to the u.k. and other countries on mutually planned timelines the company's c.e.o. says that astra zeneca is poised to fill vials rapidly once regulatory approval is clearly in sight and it's confident that it can supply hundreds of millions of doses by january of 2021. well turning to the markets now and the major indices continue to rise on wall street take a look this is the biggest weekly rally since april and for crypto big coin is breaking 15000 we'll say it again 15000 so to break this down we turn to the us

show host kristie i am christopher mulan founder and chief market strategist of the technical traders dot com guys glad that you're here chris i got to start with you because before the election all the analysts were saying that if we had a prolonged election if we didn't get a result on the 3rd the market was going to plummet under all the uncertainty that wall street didn't know what to do with the volatility instead it's going the exact other way too huge days of rallies. yeah well the market likes to do what the masses are not expecting and of course this big rally is pretty exciting it's good to see but i think it's really on the back there we're seeing you know that the democrats aren't likely to get control of the senate if biden wins year and of course that gives us a little bit of certainty of what's going on who's likely to win with the election going forward and really you know if if we get a mixed house then it's going to be tough for bite into put through some risk or some some strong regulations for higher taxes and things like that so we're

definitely seeing people finally mind at ease a they i think they see where this is going and even if he gets in it's going to be relatively controlled because the house is going to be very mixed here yeah the question about that christie good to have you here wish you were over here where i am right now but we got a big cohen come on because i know you're salivating right now pretty excited about what's going on over a 15 k. are we going to go above 20 k. by the end of this year do you think it's going to actually happened. i think i read it well can happen because this big run has begun i mean this is so reminiscent of the 20 sets running where we basically went parabolic so the timing is so uncanny as we recently hit the 100th day that quite manage to stay above 10000 like right on election day which we mention and now we've been gaining about a 1000 a day ever said where hit 153 today almost 9 percent higher so if you look at it from year to date has more than doubled is undoubtedly the best performing asset of 2020 and this rise now comes on the back of this i'm president that stimulus from

global governments and central banks during the coronavirus pandemic which has made all the more attractive than the currency like the dollar so they coined very creation of words due to fears that the increased fiscal stimulus is devaluing currency globally and as a result when central banks and all these plans to pump more money into the economy investors took this as a sign to pile into the only real asset that has a net supply which is that quiet and so now the results of the u.s. elections are gradually becoming clear and 8 that's going stimulus package could see a further weakening of the u.s. dollar which would drive a big point even more so this is the result of the q.e. trade which has kicked up this massive bit in all the risk assets you see that in the all the high beta names the technique is s. and p. so big quantum goal of both high but especially it's going to be where the story's at because we haven't talked about the havening in a really long time and we should see this post having cycle coming into effect now since it always does take place about 6 to 8 months after the have kristie real

quick i've had my bare head buried in election stuff and have not had time to even check this what's happening with all coins i mean of bitcoin last time this happened because it took off and all the old point shut up too was that happening right now or is big making a stand alone run. all coins are actually falling back and the cycle back when it's standing out a little over 65 percent dominance at the moment defies cycle has defied a bubble has burst slightly because people have rotated a lot out of the finance and rotated into because that seems to me well they've gained us but yes all of the al coins are now gaining 56 percent with a crime right now all right chris let's talk about some of what the markets are doing because in terms of indicators right typically the markets will tell you is the favorite to win out of this so just for instance by doing wins it looks like it's good for green energy names bad for oil at least that's what he says if trump wins it would be better you would think for large conglomerates in the s. and p. companies what is the market saying about the outcome of the election or does the

market even care at this point is it all the same for them. well i think i think the market cares but i think the stock market in general just wants to go higher people finally feel that uncertainty and they know stimulus is coming so everybody's kind of in that frothy they just want to own stocks but the the market before the election and now where we are right today. it's been priced in for a bite into when we've seen solar sector rally over 270 percent since the march lows in clean energy e.t.f. which carries a basket of all kinds of clean energy companies also up over 200 percent and what's interesting is now that it looks like buy it in may take it take the wind here we're seeing the oil services actually take off and they've been underperforming the crude oil sector has been very beat up and oil services right now are actually posting one of the strongest gains over the last 1015 trading sessions up about 18 percent and it looks like it's put in a bottoming formation and i think

a lot of this has to do with if it's a mixed house biden's going to have troubles turning down the fracking and oil services are going to be able to keep on doing that and so we're seeing that sector really have a big relief pop here and i think it could be a pretty big mover for a few weeks going forward yeah it seems like the idea of the senate does not go to democrats it stays in republican control loop which looks pretty certain at this point if that is the case it really kind of neutralizes in a big fears that we're here kristie in terms of you mentioned about you know the fiscal stimulus programs and the printing of money the endless printing of money by the fed but it really comes down to this it doesn't really matter if biden becomes president or trump becomes president on that front or remains president i should say on that front because at the end of the day they're both going to continue to print right that doesn't change the outcome so when we talk about all coins when we talk about bitcoin it keeps going up regardless of who is in the white house.

exactly and that this is what's so great about this one because as i mentioned it literally is the only real asset so that's why the crypto currency market it really isn't paying any attention to who is going to win in the elections more so the fed in the background they have they're the ones who have are continuously printing money they are indicating that there is going to be no rate heights expected in this regime and recently and they've also hinted at the idea of actually increasing the aggregate of purchases in the open markets which is currently out of hundreds of about $120000000000.00 per month if you know that we're targeting longer data security so the fact that they are continuing open market operation the fact that the who we trade is on full blast all of that is very bullish for big and also the fact that all of the institutional public companies are also jumping in such as pay pal square michaels micro strategy and all that all of that is just giving more conviction to the entire but when trade that this is something that the economies are actually going to shift towards digital currencies perhaps some c.d.c.

is in the future but all of that is going to. christiane chris for mulan founder and chief market strategist for technical traders dot com guys thanks so much for the conversation a good one today. well we have 5 states 5 states that remain outstanding when we're talking about the u.s. presidential election 4 of them really matter one of them no offense alaska not so much but let's talk about where we are right now because a lot of you are very interested in this let's start with nevada right now in nevada has 6 electoral votes by a.p. projections in that state alone is enough to give joe biden the former vice president the 270 votes he needs to secure the white house currently here's where we stand biden has a lead of about 12000 votes he leads 49.5 percent to 48.5 percent in the vet and that's with only 76 percent reporting we should mention that the trump campaign they have filed a lawsuit in nevada challenging some of the results there they claim they have proof that at least 10000 ballots were filed by people. who do not live in the

state they also brought a woman forward this morning who says that she and her roommate went to vote they were told they had already voted because in nevada mail in ballots were sent out to everyone in the state where they requested them or not clark county where las vegas is located they say the bulk of mail ballots will be processed over saturday and sunday they're also telling us that 51000 ballots will be reported tomorrow morning at 10 am local time we will not get any more results for nevada today down in georgia we were told that georgia would be done last night it's not done georgia though as a razor thin vote margin right now president trump currently leads by 3 tenths of one percentage point 49.5 percent to 49.2 percent that translates into about 14000 votes as i said it is razor thin the trump campaign filed a lawsuit in georgia last night calling to stop on the counting the counting the ballots claiming irregularities we're going talk about that in just a minute but georgia now has 99 percent of all ballots counted up in north carolina

it's a different story there this is still not and it remains at 94 percent of the ballots counted their president does have his largest lead 50 percent to 48 percent with a lead of about 80000 votes there and then we go up north to pennsylvania wow this is where the most legal action is taken place today the trump campaign actually received a court order that republican monitors would be allowed into polling sites which they say they have been denied access to to monitor the counting in philadelphia they have to remain at least 6 feet away there is a difference here of one $115000.00 votes president it's 50.3 percent to 48.5 percent but it's only with 88 percent of the vote counted there's a lot of votes still to come in and we are getting word late today. that apparently pennsylvania will release some numbers by tonight they are now saying they may be able to call the election for the state of pennsylvania by this evening we are watching very carefully what happens there are another 29000 mail in ballots that

were sent into the area of pittsburgh but a judge has ruled that those ballots cannot be counted until friday they may not matter depending on what is released again later tonight we're watching that very carefully and lastly alaska still outstanding that somehow only 50 percent of the ballots in the state of alaska how many could there be have been counted president trump retains a huge lead with over 60 percent of the vote it's only 3 electoral votes so it's not going to make a big difference here but it is very strange they cannot be wrapped up for more legal battles let's bring in our discourse one of rachel blevins rachel what's the latest here because we're talking about really historic in terms of an unprecedented number of multiple lawsuits going forward at the same time in different states that's right you're seeing a very different rhetoric from these 2 candidates on one hand you have joe biden kind of sitting back trying to take more of a presidential tone here telling americans that their votes will be counted every vote will be counted no matter how long it takes but also saying he's confident that he's going to win on the other hand you have donald 1 trump also saying he's

confident that he's going to win but taking a very different approach here where he's saying that he's going to go forward with more and more lawsuits and he could be taking this battle all the way to the supreme court now of course you have these 2 candidates being very vocal on twitter that's how they talk to the american people but trump is the one of the 2 who finds himself the subject of this new twitter censorship tool that we're seeing being used and even earlier he tweeted out that any vote that was received after election day would not be counted now has been covered up with a warning no one can like it share it or even respond to it and twitter says that they're doing this because they want to go after misleading information about the election but of course we have to remember they're using this tool against a sitting press. and i do time when we're talking about a historical election that still is incredibly close and what the president is saying there is wrong it's flat out wrong because the president does not make the rules each state makes its own rules having said that to your point you're

literally since you're in the president saying you can't share what he's saying so because we're not really fact checking numbers they don't provide in the analysis as to why it's untrue they just declare it untrue let's talk about the legal challenges from the trump site in georgia it looks like it was thrown out is that right yes exactly georgia and michigan that you were those lawsuits were thrown out and i want to go into the details just a little bit more here we have lawsuits follow then 4 states so far so we have pennsylvania where they're accusing election officials of hiding the ballot counting from republican poll watchers we have nevada where they are claiming various forms of voter fraud including thousands of votes that were cast by individuals who are no longer alive at all or who simply don't live in the state anymore then you have georgia like we mentioned claiming that absentee ballots were added after the deadline and michigan calling for the counting to come to a halt now in georgia they said that they were throwing that lawsuit out because they couldn't find evidence that there were absentee ballots added after the deadline and in michigan the trauma team was calling for it to come to

a halt and they said that the vote counting was already done so there wasn't any use in going after a lawsuit there so i guess the real question becomes the likelihood of any of this working and part of the reason for that is because there's no you correct me if i'm wrong but national cohesive legal strategy here right it's a piecemeal in one state you're claiming one thing in another state you're claiming another thing and at the end of the day how likely is it that any of these challenges get anywhere i mean it's not like the president despite what some people may think out there could walk into the supreme court and say you guys decide on these issues it doesn't work that way and a lot of that still remains to be seen you know we talk about unprecedented voting on president a legal challenges in an election and all of this coming together and this isn't likely to be the end of it you know we see these lawsuits from trump right now we could also see the lawsuits from joe biden we've seen trump. you know going after fund raisers saying that he wants more and more funds and we're also seeing joe biden do the same in fact he's coming together with the biden fight fund are calling for americans to come together to raise money for him for whenever he goes

after traffic court so it's likely won't be the end of it any time soon do you think came up with the name to be a fund you know i'm wondering did they actually know that that was what it stood for and they accidently know that if they get there and then realized oh wait a 2nd it's the dumbest name that i think they've got to come up with but i guess you remember it is catchy in that respect or to course want to like so much think she did it. well time now for a quick break but hang with us because when we come back we're going to talk with former fed insider daniel de mortagne no booth about the federal reserve's decision to kind of lay low while the presidential election remains undecided as well as the chances for a new stimulus before the end of the year is there a shot at all and as we go to break here are some very good numbers at the polls.

it was supposed to be a landslide we were told a lot of. the polls were again while. trump may still be lose this book but can't explain. for a number ration state. what we expect next. was a pandemic notion you know borders just like 2 nationalities. world. commentary says. we can do better we should know.

everyone is contributing a way but we also know that this crisis will not go on forever the challenges created the response has been so many good people are helping us. it makes us feel very proud that we are in it together. now why oh why am i looking down at the white house. so. i don't think if. both of them then. call tom back up who are plentiful to all men. who want to. start.

6 6 before the very 1st time in a very long time the u.s. federal reserve is not expected to say anything at the end of its 2 day meeting thursday the reason for that obviously a us presidential election that remains not only up in the air but is now facing multiple beagle challenges regardless of who is president moving forward it is clear that the fed will continue to push forward asking for more stimulus for the economy joining us now. fighter daniel de mortagne a booth and you know good to have you here clearly drawn palace trying to keep a low profile during this hotly contested election it seems like that was certainly the case why is that. that's wise on powells part of the federal reserve was designed in 1013 to be an independent and a political agency so it is actually his duty to try and stay away from this but it

is interesting though that in his comments he did bring up the fact that there was a need for fiscal stimulus he's conceding that the fact that the fed's not able to deliver on its 2nd mandate of maximizing employment and point excuse me and that it needs the assistance of the fiscal authorities to push through the much needed aid to the $20000000.00 plus americans who continue to collect some form of unemployment insurance millions of whom are in special programs that were created as part of the cares act which expire on december 31st is there a presidential candidate who is more likely so right now it looks like things are kind of leaning towards a president biden that's the way it looks like it's going to go it may not but either way regardless of who is president it seems like the general policy would be more stimulus and to keep moving forward with the way the fed has been moving

forward is there any indication that regardless of which way it goes that that would change. well i think that i think that for for the sake of humanity if you will i hate to use a word that so big but i think that there is going to have to be stimulus passed as part of the continuing resolution to keep the government open of course congress has to reach a deal by december the 11th for that i could see easily mcconnell skinny $500000000000.00 * half a trillion dollar stimulus extending those cares act unemployment benefits that i just mentioned extending the rental moratorium a vixen. rental eviction moratorium excuse me doing things to address immediately the immediate needs of the virus but again be very skinny in nature and. especially if there is a biden presidency i would anticipate that mcconnell will try and stand his ground member these 2 have worked together for generations these 2 individuals biden and

mcconnell but i would still suggest that it as long as the senate stays in the hands of the republicans that mcconnell is going to be intent to show that he is going to be fiscally conservative especially with that 1st round of stimulus given all of the anticipation that there is going to be this blue wave and trillions upon trillions of dollars of spending on all kinds of stimulus measures if the senate had been if this if the control of the senate had been lost to them to the democrats yeah it seems like certainly mitch mcconnell. couldn't he wouldn't get anything done with nancy pelosi at least 2 figureheads right palosi and mcconnell couldn't work together before the election to get stimulus done if you end up with the president biden i don't see why mcconnell would necessarily value the idea of cooperating with them he wasn't even really cooperating with president trump on it so having said that it seems like there's going to be a rebirth of fiscal conservatism in the senate and the suddenly despite the fact

they didn't really care about it under drum conservatives and republicans in the senate are now suddenly going to care about spending how is that going to put a damper do you think moving forward not just in the next 6 months but over the next couple of years. you bring up a very good point and you know right now if there is to be aggressive i mean multi-trillion dollar aggressive infrastructure spending bills that create jobs across america that would be something that would be extremely beneficial to both republicans and democrats and not just be the giveaways if you will that the republicans are trying to resist as much as they are so in that sense i would hate to see the republicans cut off their nose to spite their face because if they just trickle out stimulus by dribs and drabs and the coronavirus does amplify and get worse going into the winter months as we think it will then they're going to end up shooting themselves in the foot because the stimulus measures won't be enough to create economic velocity escape velocity for the economy and then midterms are

going to creep up on them when they have really reduced their margin of control in the in the senate according to how the campaigns are playing out to a very slim margin at this point very quickly lastly here you mentioned that there has to be something done in terms of funding the government by december early december the president regardless of what happens over the next couple of days is still president in december do republicans work to get something passed while he's still in office to give him one final kind of win for the american people. well i'm not so sure that there is necessarily going to be a focus on a win or a not win for term because of the magnitude of the measures that need to be passed in to keep the government open i would not be surprised to see a 2 thirds majority that would override a veto if need be again we're talking about keeping the u.s. government open for business. former fed insider danielle de martino booth thanks so much for your time thank you. for that as

a reporter for today now keep in mind there is a lot happening with the election so keep it very close to our t. america and to boom bust you can watch us on demand on the portable t.v. app available for apple and android devices or simply check it out at portable t.v. dot com see next time. welcome to maximize your financial survival guide. looking forward to your pension account. yanks this is what happens to pensions in britain delegates. watched as a report. sputnik 5 has the world. just like its namesake the original.

the 1st craft to leave. on orbit the world. many questions remain unanswered about russia's new vaccine the authorities are confident enough to go forward with mass production. poses for. what's going on in the big states please we may. be able to know. the. real rate to receive. intros preliminary requests. william goes. for see. all right this is happening. or go on the reaction has been exactly the same as it was way back. to alicia nice job. the world reaction is made of green cheese.

but. you have. some control for a middle. of the night very hardworking people who want to get ahead that is either how some some health issues or have some strict about luck a full time job is paying for a place to live and missing just a month's rent can get you a victim to gunpoint if anything bad happens to any thing that just throws your budget off slightly. better catch up real quick or you're going to have a judgment of possession against you and get addicted anyone that's homeless is treated like garbage can. cold look at you like a monster or someone bad or you chose to be there most of the time it's not the case so you know it has to be in the world's richest country.

ground america the democrats put one foot in the top of the white house after 3 days joe biden looks set to become the $46.00 us president as key states in the photo as close 220000 that results meanwhile. if you count the legal votes easily when the count is truly shown in the person i would be declared the winner. it could still be a bumpy road ahead as both candidates clash over product results with some in the republican county claiming the county has been fortunate. and the delay to announcing the president raises big questions about the vote itself especially by.