and this is boom bust of the one business show you can't afford to miss boring watching coming up the developments in the field of covert 900 treatment continue to roll if the f.d.a. has approved a major anybody treatment that's straight ahead plus markets are still on the move following positive vaccine news coming up we analyzed the wave of stock stories and where this rally could lead and later amazon is facing the hot seat in europe as the block has moved to open a new investigation into the e-commerce behemoth with a packed show today so let's dive right in.

and we lead the program with the latest development in the treatment of copa 19 in the u.s. food and drug administration on monday authorized emergency use of eli lilly's experiment mental anti-body treatment. that's balm let me be mocked the f.d.a. said the emergency use authorization was given based on clinical trials showing the drug reduced the need for hospitalization or emergency room visits and high risk tobit 1000 patients now the regulator added that it can be used now for treating patients over the age of 12 with mild to moderate symptoms but cannot be used for patients who have been hospitalized due to cope at 19 lilly is hoping to supply as many as 1000000 doses of the treatment in the 4th quarter of this year now the u.s. government previously made an agreement with the drug maker for the early supply of the medication on the news lately stock was up as much as 4 percent throughout the day. and following the news that pfizer bio and texaco but 1000 vaccine candidate showed an efficacy. of 90 percent the european commission will sign

a deal to secure up to 300000000 doses of the experimental drug the president of the european commission said they will authorize the deal on wednesday after quote working tirelessly to secure doses of a potential vaccine in the last few months german health minister yes on tuesday had confirmed the block was ready to secure at least 200000000 doses of pfizer's drug adding they had also made deals with other drug makers. and i assume that with bio intact as announced yesterday that you commission president miss vanderlei and we will be able to bring the negotiations to a conclusion very quickly in any case the mention of at least 200000000 doses for the european union is secured now it just has to be finally secured in the contract . and meanwhile biotech's head of strategy ryan richardson was asked about profiting from the development of a drug that received funding from the german government during a financial times conference on tuesday saying the vaccine will be priced quote

well below typical market rates 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 your site where are we today brand another bad day as they reach 51000000 confirmed cases worldwide now the u.s. has already surpassed 10000000 in confirmed cases and global debts were out 1.275000025 percent of which from the deaths are coming just from the u.s. as a new infections in the u.s. have been spiking for weeks now which brings me to the daily cases on monday there were 130350 3 that were reported growing over a 64 percent compared about a week ago now and that's on the other hand there are still been below their peak spring levels but are still averaging about $800.00 per day now the number hospitalizations because the one thing that's also see. surge around 70 percent

over the past 30 days and right now there are over 63000 killed in 1000 patients in hospitals across the u.s. the highest number ever of in patients being treated for quarter 19 now europe is not in any better situation right right now but while the us is on their 3rd wave europe is currently undergoing their 2nd wave and so more more countries are going to lock down the hungry and portugal are the latest employment a lockdown greece implemented a 3 week lockdown which started this week france implemented a nationwide restriction on the end of october as the belgian and ireland now germany's lockdown light began last week with austria also following suit and u.k. prime minister boris johnson also called for a 2nd lockdown in england which also began last week and in country after country in europe there are a very near running out of i.c.u. beds to treat women 1000 patients which is already the case for some countries like

india and iran which are turning away very ill covered 1000 patients because they just don't have the capacity to treat the sir right now it doesn't look like most countries have any type of long term brand they're simply just trying to avoid the worst brant and so we just talked about new treatments and what's going on the vaccine rates can you give us an update on vaccines being developed in the u.s. and when they're expected to hit market so currently there are 4 vaccines in phase 3 trials right over here now is pfizer more during astra zeneca johnson and johnson now a 5th drug maker novak's they expect to begin later late stage trial in the u.s. by the end of the month now i'm a dern and pfizer ahead with the other 3 companies and are seen as the most likely to get the 1st vaccine approval plus like you mentioned earlier pfizer releases read their results from their face 3 vaccine trials saying that the vaccine was more than 90 percent effective but just when any of these. back soon might hit the

market that's still very odd now and it still remains unknown i should say brand r.t. correspondent sayas avatar thank you for keeping us up to date. and the dow rose again on tuesday building on its sharp gains from the previous sessions as the big market rotation continues out of the names that thrived during the pandemic and into the stocks linked to an economic recovery however the s. and p. and nasdaq continue to struggle amid a sharp decline in major tech names so let's go ahead and take a look at what's driving markets with boom bust co-host christy ice and managing director of the market gauge group and author of the bestselling book planet your money tree a guide to growing your wealth michelle snyder thank you both for joining us today we always appreciate having you both on the show michelle i want to start with you do you think there is a divergence happening now between the nasdaq and the rest of the market and will this divergence if there is one continue through the end of the year. yes there definitely is a divergence and i have to say as

a student of what i call an economic modern family where the russell 2000 represented the grand daddy of the family considering all 2000 stocks have presence in the united states and deal with the manufacturing of the supply side the fact that we're seeing the rotation into that area along with transportation and also a bit of retail and most recently the banks means that the optimism at least at this point is real both fundamentally with the vaccine news and also technically with the fact that we went through a week after the election and we broke out of that rain starting on yesterday with somewhat of a consolidation today so i don't see any reason with a new administration coming in all the optimist network we have considering that even though cases are increasing we're not really seeing any major talk of business shut down why it shouldn't continue through the rest of the year and of course there's always things that kind of set that applecart but for now i would say along

to your wrong in terms of the rotation. amid the big the big buys yesterday we saw travel stocks actually making a little bit of a comeback and carnival cruise lines was just announced a $1500000000.00 stock offering just one day after his shares jumped the most on record what's the story there. well the entire cruise line industry has been absolutely decimated by copa 19 so after the pop we had yesterday which was a massive relief for those being down names carnival is now taking full advantage of its stock and rushing to raise fresh capital so as he said its shares jumped by over 39 percent following the pfizer vaccine news which is a new one day record for that so carmel rush to capture this likely by announcing this 1500000000 at the market's stock offering goldman sachs and j.p. morgan for general corporate purposes so this news and the entire stock down over 5 percent lower on dilution but now with this replenish war chest carnival can hopefully survive another wave of coven 1000 this winter so i suspect we will see

many more of these deep value stock which was absolutely hammered by coded and then jumped on monday after the pfizer news to also follow suit rush to market with similar at the market off raised in order to take advantage of this liquidity and market optimism while it lasts so we've already seen as a do it hurts attempted to do it but really it's going to get difficult as these zombie companies that really aren't even operational right now try to issue more and more securities that really aren't worth much now one of wall street's favor i.p.o. names for some reason we just love talking about these types of companies beyond me is taking a hit tuesday as it fell 22 percent despite the news that it's now partnering with mcdonald's for a new make player product line what's going on there. well i like your brand it's one of my favorite subjects to be on need i was a big proponent of back down around $75.00 and i personally am beat and so i was

thrilled to see him on the market that i can actually go to a restaurant and order some and i think that i represent although i may have been involved in this megatrend way before most people are racially it's a megatrend in terms of plant based eating so i don't believe that beyond meat is done now it got a bit of a shock after the confusion yesterday with whether or not it was actually affiliated with mcdonald's on its nick plant it did i love what i read this makes a squint. and that was because the sales were very disappointing after expecting it to be much greater so i'm looking at the stock right now i'm actually welcoming this correction i believe $120.00 is really going to be the pivotal area as we go through this week if we hold $120.00 that's a good sign if we break want 20 maybe we drop another $20.00 to $35.00 but at some point the bottom will be end and it'll be time to buy it again to his competitors

out there but still it's sort of like i mentioned the granddaddy of economy in this case this is really the granddaddy of consumer plant based eating when you go out to a restaurant or by food in a supermarket absolutely and it seems like there's definitely more companies like that coming along with the meatless meat for sure kristie i want to know a last thing before the time here because it is continuous show strong momentum even after a major rally how is this rally different from the one that we saw in 2017 where big point hit its all time highs and then subsequently came crashing down. well back in 27000 the entire rally was based purely on speculation and excitement for basically what could be possible with blocking technology so there was a ton of hype which led to fumble and then you have a ton of uninformed greedy retailers who didn't know much plow their life savings into a thing that will be their golden ticket that they could ride all the way up without being any wiser to the actual underlying technology so this entire rally is very different because back then it was a lot of fear of missing out but you can see through google trends and twitter

searches which show what keywords are most searched and trending back that all of the retailer money was trying to figure out how to put money into big climb and then the entire complex crash when the very very last fire was actually in and there were no more additional buyers no one left to hold the big pop table to throw to so unlike back then today it is way more institutionalised high net worth individuals buying big quite not retailers so based on google trends the interest is relatively low for the keyword bit quiet while the unchained data actually shows a ton of accumulation by big whales so the number of big point addresses holding more than 100 big points have hit a new 7 month high at $16270.00 as the total number of new wales have also increased so this trend of wales and institutional front running retail investors is actually really optimistic because it shows that big client is still in the very early stages of this bull run and these are the smart money guys not the retail

traders who will sell on a panic drop so these guys are going to be who what will make up the bedrock and the support levels going forward so meanwhile the large capital from new retail and mainstream investors have still yet to even enter the entire capital market this time around boom bust co-host and crypto optimist chrystia michelle bernard of the market group thank you both for joining us. thank you. and chinese telecom giant weiwei is reportedly selling its budget brand smartphone unit honor's sources familiar with the matter told reuters the unit will be sold to the shenzhen government digital china and others the $15000000000.00 all cash sale will include almost all assets including brand brand research and development capabilities and supply chain management now this comes as u.s. restrictions against weiwei have forced the company to focus on high end handsets and corporate oriented business main under distributor digital china group will

hold nearly a 15 percent stake of honor terminal which was incorporated in april and is currently fully owned by while away digital china shares hit their maximum upper trading limit of 10 percent on the news the sources said an announcement could come as soon as sunday and meanwhile china has launched the 1st experimental 6 g. satellite in a plan to roll out the next generation of ultra fast network technology in 10 years r t s john hardy has more. the university of electronics science and technology of china along with the chinese embassy in the u.s. and chinese state media posted this video of a rocket carrying 13 satellites into orbit november 6th among them a 6 g. testing satellite it will reportedly test the technology of terahertz waves in space a sensually terahertz waves are high frequency radiation allowing data to travel at 50 gigabits

a 2nd or $100.00 times faster than today's wireless technology china is reportedly working with telecommunications specialists from other universities institutions and corporations worldwide to study the new technology to see if it works the university of electronics science and technology of china's website says it has educational and research collaboration's with other universities worldwide including a dozen american universities so it's unclear if any americans are involved in this project speaking of america though it's likely china's latest rocket launch has the attention of the u.s. government as well considering the rocket also carried 10 other satellites with remote sensing technology to reportedly be used for crop disaster management and forest fire prevention along with 2 other satellites to be used for in orbit experiments such as laser data transmission and earth observation china's upping its space race by launching 32 rockets so far this year and could hit 40 by the end

of the year china led the world in launches both in 20182019. the country's on when one probe is already on its way to mars and china is also expected to launch another rocket this month carrying equipment to collect and return lunar samples for r.t. john hardy. time now for a quick break but hang here because when we were churning e-commerce giant amazon is back in the crosshairs across the atlantic as the european union has moved to open up yet another antitrust case just on the other side we'll look at the details of the case and what we could expect for amazon in the cold 19 era and as we go to break here are the numbers as a close. match

as a financial survival guide stacey let's learn a salad to fill out let's say i'm a strike and you're a police. have to fight 9 street spot thank you for taking. the story that's right if you looked at slavery. is you'll be a reflection of reality. in the world transformed. what will make you feel safe. isolation for community. are you going the right way or are you being. direct. what is truly wants is faith. in the world

corrupted you need to descend. to join us in the death. or inmate in the shallowest. tactics that can be used to get innocent people to confess to crimes they didn't commit i don't even think people in the us really get that the police are allowed to lie to the person who falsely confessed actually came to believe the lie that they were told about their own behavior once a false confession is taken the case is closed and nobody really can tell the difference between a good confession and one that isn't. during the vietnam war u.s. forces. there in laos it was a secret war. and for years the american people did not know. how much anticipation

the. country per capita. was human history millions of unexploded bombs still in danger lives in this small agricultural country 200 i don't. even today kids in laos full victims of bombs dropped decades ago this is the us making amends for the tragedy in laos won't help to the people need a little. welcome back boeing stock was up as much as 6 percent on tuesday on the news that the f.a.a. is in the last stages of reviewing changes to the 737 max jet now reuters was the 1st to report the f.a.a. could lift the grounding of the troubled jet as soon as november 18th in a statement f.a.a. administrator steve dixon said quote even though we are near the finish line i will

lift the grounding order only after safety experts are satisfied that the aircraft meets certification standards even after the f.a.a. approves these new changes to the $737.00 max airlines will still have to finish software updates and pilot trading a process which could take another month before the jet can fly again southwest airlines the largest $737.00 max operator says quote says it expects it will take several months to follow f.a.a. requirements and doesn't plan on scheduling the jet until at least q 22021 other regulators across the globe are expected to make similar decisions suit 737 max has been grounded since march of 2019 after 2 fatal crashes killed 346 people. now it's an accusation we've heard in the past leno we're hearing it again as the european union says e-commerce amazon violated antitrust laws by using independent

sellers data for its own benefit we analyzed a data sample covering covering over 80000000 transactions and more than 100000000 product listing on your european marketplaces. and our investigation shows that very granular real time business states are relating to 3rd party sellers listings and transactions on the amazon platform they exist to magically feeds into the algorithm of amazon's retail business. it is based on these algorithms that amazon decides what you products to launch the price of each individual offer the management of adventure is the choice of the best supplier for a product. and joining us now to discuss his boom bust cosen investigative journalist ben swan now ben this seems pretty clear the e.u.

says that the biggest problem is that amazon functions in a dual role they are the marketplace and they are simultaneously a retailer so what do you make of this. yeah i think that's exactly what the problem is and it's very interesting when you look at this report that's come out essentially what the you know the e.u. officials are saying they specifically looked at 2 countries france and germany for this report they say france and germany are 2 of the biggest european countries in terms of amazon's presence and what they also studied was the fact that amazon for its part has they say stranglehold for lack of a better term on its own platform so here's how it works you have a 3rd party mom and pop shop who comes to amazon and they sell products the problem is that as the platform they're not just providing amazon's not just providing a platform for these mom and pop shops to sell products they're also directly competing with those small businesses by selling products themselves but here's what they're doing according to this report amazon is taking data from all these

different shops and they're deciding which products are the most profitable which products consumers want the most they're basing their price points on what the works of these mom and pop shops and small businesses have already done and amazon is essentially out selling a competitors on their own platform so it's more than just being a retailer put it this way amazon is the platform and the biggest competitor on their own platform to small business and now amazon claims that it has the right to sell products just like anyone else and that they are not doing anything improper what makes this such a problem in terms of antitrust when you look at it that way. yes and listen absolutely amazon does have a legal right to be able to sell the problem that the e.u. is finding is not that amazon is selling problem that they're finding is that amazon is using data to gather information so the way it was put in this news conferences like this they say small businesses if they decide to launch a product have to do a lot of research right what kind of product are consumers looking for they do

a lot of spend a lot of time and money figuring out what the price point for those consumers is they say that amazon doesn't do that work amazon is investing no time into research or development and instead they're utilizing the algorithms that they have set up to essentially look at data and decide based on what others are doing what price point to set and what kinds of products to set another fact that they gave in this news conference which was rick stream lee interesting to me is they say that amazon accounts for only about 10 percent of products on their entire platform in the most popular areas however in those areas they account for more than 50 percent of all sales so amazon knows exactly what products not to sell and what products are selling at the wrong price points and it's not dated they're gathering because of work they're doing its work others are doing that amazon is unfairly taking and pulling data from and that's where it becomes antitrust ben if i'm playing devil's advocate here you know we say amazon obviously is saying they have the right to

sell but don't they also have the right to say well fine we won't sell other people's products we could just make this all about us we want to give them a marketplace obviously there are fees back and forth that we're not talking about here but couldn't they just do that i mean they already know kind of what the best sellers are that's why they push and that's why they buy the product to sell it so couldn't they just do that and get out of this whole thing. well here's what they could do they would have to say in certain categories no one else is allowed to sell they could do that the problem is that as i mentioned amazon accounts for a very small amount of the actual products that are on their platform so there's a very small number that belong to amazon but because they figured out which ones do well they account for most of the cells there's 2 other things too that i want to mention as i know we're going to be short on time here in a minute but there's a new investigation that's being launched because of this last investigation into 2 areas one is something called the buy box that amazon has on their home page when you go on there is that by box set up in the upper i believe it's right hand corner

of the page and it's where you buy immediately products that you're looking for according to what these these investigators are finding they believe that amazon has rigged their own algorithms so that the by box is unfairly skewed towards amazon products and not towards their competitors who are also their customers on their platform simultaneously what they've also found is that amazon prime and prime customers are are seeing the most products so if you are part of the prying deal in terms of the partnership if you're a small business with amazon amazon is doing another thing which is apparently using their algorithms logistics and delivery services back towards amazon so if you decide i'm going to use 3rd party delivery systems not amazon directly i'm going to use logistic systems that are separate from amazon amazon is varying the search results for you and instead they're giving a higher advantage to companies that use them and again this may be

a whole other set of antitrust again unfairly treating those 3rd party groups better we could do a whole show on this boom bust host ben swan thanks for breaking it down for us today you got it. and that's it for this time you can catch boom bust on demand on the brand new portable t.v.'s which is available on smartphones and tablets there google play in the apple app store by searching portable t.v. or what if you could also be downloaded on your model them. smart t.v.'s as well as roku devices or simply go to portable t.v. see you next time was. when else chose seemed wrong. but old clothes just don't call. me. yet to shape out just to become educated and in detroit because the trail. when so many find themselves worlds apart we choose to look for common ground.

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hope that the steps we have taken recently will lead to the establishment of a long term peace for the benefits of place as a by john and armenia. russian peacekeepers headed to the negative conflict zone after a peace deal is signed by armenia and azerbaijan but the agreement doesn't go down well and. protesters stormed the parliament and government buildings in the armenian capital .