each other during each other should be left behind. and instead of is the moment that king go out, there are countries on a political basis we should think about how to cooperate. and that's why i think international cooperation would be extremely important when it comes to the vaccine, for example. so sometimes i have the feeling that the issue of the vaccines is becoming politicized, which i think should be avoided. again. we are crossing fingers for all companies and countries which are moving forward with developing the vaccine regardless who they are. so we are interested in india, american, in the european, in their russian, in the chinese, in these very vaccine development and research to be successful. because the more it seems we'll have the better, you know, shooting with everybody, including russia, of course. so if anything i am, political aspects should be left behind and this is the fight. we understand. it is

realistic that indeed some small scale all of the various be launched in order to make the national national necessary clinical trials on tests back in hungary and as also the 2nd part of january, it might be realistic that food by while the deep from russia but we are not going to negotiate and go about simply buying vaccine for russia. we are not go shooting, localise ational up the production, or at least the part of the production to hungary. there is a company operating here in hungary, which has been producing for other or viruses and diseases. of course, they seem to be able to transfer their capacity in a way that they would be able to be involved in the production cycle and bring him out of state to join me for more on a top story. it's all written in 30 minutes. i

and this is a boom bust for the one business show you can't afford to miss for in washington, coming up, hospitals around the world are facing drainage cope with an empty wave continues to slam the globe. straight ahead, we analyze the state of treatment amid the pandemic, and where we stand amid the latest outbreak. and despite the windfall from china's major shopping holiday, ali baba stock has taken a hit on proposed regulation from the nation's government. and oil prices have been riding the wave of vaccine optimism this week to later on. we're going to break down the high in demand and what it means for one of the world's hottest commodities with a packed show today. so let's dive right in. and we lead the program with the concerning increase in hospitalizations across the united states due to cope 19.

coronavirus related hospitalisations in the u.s. reached a record high on tuesday under and are expected to grow amid the latest wave of cases. now the number of patients in u.s. hospitals on tuesday hit nearly 62000 according to the coded project, clipping the previous record of 59940 said on the 15th of april as the nation faces 1st wave. amid the pandemic health and government officials, as well as health care workers are raising alarms about hospital beds, filling up. while beds still are available for patient care, staffing them is becoming increasingly challenging. as some health care workers may be sick or in quarantine, but there are limitations to what oregon's health care system can handle. even with regional planning and the hard work of all of our hospital partners, we cannot handle ever growing high daily towns and widespread hospitalizations. the system is flexible and has capacity, but only to

a point. our worst nightmare right now for any one of us physicians or health care workers, is having to choose between a patient and a car accident and a patient with of it. i tell you this in all sincerity, oklahoma. we are in trouble. our local and state health care resources are approaching their limits. and if nothing is done soon to slow the rise in cases, our hospitals will be more overwhelmed than they already are. and we won't be able to be there for all of those who need it. so with all of this in mind, let's go ahead and take another look at the trends and spread of the virus globally with archie correspondent, sorry, that you're sorry. we were so run, look at all these numbers coming up here, right? so just compared to a week ago, global numbers, they're up 25 percent, while global deaths are up 41 percent in the cases in the united states are also continuing to grow. in fact,

we're up 70 percent in cases and 23 percent. and that is and we've just had the highest daily case count since the start of the pen demick. and we've now surpassed 100000 cases every day for weeks, for a week straight. and now on more than 1440 new deaths reported on tuesday. so we're now averaging more than $1000.00 deaths per day. so basically everywhere is either hit hard or is watching their covert numbers go up. i want to viewers take a look at this map. look at all the red. these are all occurring u.s. hotspots right now. and 4 states, iowa, wisconsin, north and south dakota. jess said, single day case records wild the word at 34 other states added more cases in the last week than in any other 7 day stretch. now desperate to bring down cases, iowa governor kim reynolds,

who has repeatedly said that strict rules were unnecessary and effective. just issued limits on large gatherings and implemented a statewide mass mandated. meanwhile, hospital, meanwhile, hospital in parts of wisconsin there reached full capacity and in north dakota, which has the worst infection and death rate per person in the country. just made a very difficult decision as health care workers who are coping 1000 positive but have no symptoms to continue working. as long as they only treat covered 1000 patients fizzy just don't have enough health care workers. plus, texas has become the 1st state to reach 1000000 cases. california is not that far off. and now in other parts of the world that i want to talk about seeing record cases and the uniting united kingdom, they have just recorded 595 deaths in the past 24 hours cues me 532. now that's their highest number since april in italy,

the country also recorded its highest daily death toll since april. today, at 580, meanwhile, portugal they have marked their worst deadly increase and its death toll. since the start of the pandemic now elsewhere in the middle east, iran, which is the worst hit country in the region, grave digger, they can't even keep up with the daily deaths. so all hope right now is on a vaccine. and that's good news for russia whose coronavirus vaccine sputnik was just found. 92 percent effective. the 2nd vaccine right now to be at least 90 percent in fact that the other is us pharmaceutical giant pfizer. so of course we're following this story on when one of these vaccines will have to market brand . r.t. correspondent, science aventura. thanks for keeping us up to date. and chinese e-commerce giant ali baba set a new record for its annual singles, day shopping event this week. now the company says it sold over $56000000000.00

worth of product as of wednesday evening in beijing eclipsing last year's total of around $40000000000.00 in sales. now there is a kaviak here. last year's event was just one day, while this year's event actually started on the 1st and will run through the 12th of november, ali baba's biggest rival, j.d. dot com. now the competing convention, which will take place over those same to that same time period and says it also sold more than $30000000000.00 in product since the 1st of november. while this all seems like great news, both companies actually saw their stock prices plunged tuesday after the chinese gov rule. government released a draft of newly proposed antitrust regulations in the country. the new rules lay out what constitutes any competitive practices and includes provisions related to pricing, payment methods, and the use of data to target customers and exports coming out of china posted strong growth last month. certain. certainly good news for the chinese economy,

as experts have extended an upward trend coupled with higher consumption among its trading partners. so will that upward trend continue under a job by the administration? well, joining us is just the bus co-host to bend swan and professor richard wolffe, host of economic update and author of the sickness is the system when capitalism fails to save us from pandemics. thank you both for being here, professor wolf. i want to start with you, and i want to start with those export numbers from china. although the coronavirus paying them because battered countries worldwide, foreign trade in the world's 2nd largest economy fared better than expected. why are you seeing that? i think it's part of the reality that the chinese economy has outlived form virtually every other economy for the last 30 years. and it is capable of just saying it's learned how to do that. it is just that early to the cold minute. therefore, they did many of the horrible statistics you just went through on your good program

. and i think you're just seeing that the chinese with their government led economic system is able to measure our price changes up the world in a very effective way. and imagine why their trade numbers show the results that they get, or that a professor of i want to follow up to that because the question i guess i have is, is this sustainable. we've talked about their growth and how they've continued to be the biggest, see that biggest growth worldwide over the years, but is that growth sustainable moving forward? well, you know, your question has been asked on and off for 30 years, a good question. it's the right one, ask, and over the years, all kinds of objects shouldn't have been raised by people who are skeptical about that sustainability or worse, a stretch. to go about this that this sticks as well. but you know, when it works over and over again, when the belts and the skeptics turn out not to have much of a taste,

you begin to have to pick the other way. and my sis, suspicion is that the greatest weakness of the chinese economy is not china, but it is the world into which china exports so that the entropy of question is they can do it very well. they can do no, well, even under adverse circumstances. but if the rest of the world has another locked down, well that will impact join it. and i'll bet there's no question that the trumpet mr . asia has launched a full scale blockade to trade with china. i do expect things to be different under president elect, joe biden's administration. yeah, i definitely expect them to be different, but i think it's going to be the right word to use here is predictable. it's going to be a much more predictable relationship this and i think most americans did not necessarily see china as a huge economic threat to the united states prior to the trumpet ministration. the majority of americans did not see chinese tech as a problem that view, regardless of whether you agree with it or not,

that view has significantly changed because of the trumpet ministration. and it's very strong policies on china. so i, what i think you're going to see is, is the chinese domestic policy cannot be too friendly to the united states, u.s. domestic policy. so the biden ministration cannot be too friendly to china because it will be seen, especially with, you know, former allegations in the past. it will be seen as being an improper relationship, but it will become a much more predictable relationship. because again, regardless of where you fall on whether or not the german ministration was right or wrong, while we could all agree on this, it was completely unpredictable in every way. and so you would have like these very shocking allegations and revelations that would pop up new policies that would publish the banning of tech that would pop up in ways that were much more abrupt than in the past. and i think we're going to see a much more predictable relationship moving forward, professor wolf. i mean, if you look at the politics of the united states and other syllable, but inside baseball for a global audience here. but labor during the obama biden administration was

actually very critical of china and critical of the administration because they weren't doing enough to stop things like illegal or to basically cheap steel being dumped on u.s. soil, which is what they would claim. and so to ben's point, he used that term predictability. do you see more predictability with the biden ministration? or is he going to kind of look at this and say, you know, trump did a lot of heavy lifting when it comes to, to tariffs and stuff, would just keep that in place, because that's what our base has wanted. and we don't have to change things well, i think ben is right, it will be more predictable despite all of this. it's just the way that it would normally work since the radiator democrats mostly did it to as consistent with that with the kind of politician that, that he, joe biden wants to be. so yes, i also think there's a couple of other things to keep in mind. here, the policy of confront the china failed, whatever you think of it,

whether you like it or not, mr. trump did not change the government in china. it's not change. it's economic policies made to the abroad, nor at all in any fundamental way. most of the adjustments made of perfectly consistent with what the chinese were doing. and i think he's going to have to ask himself the question. whether it's better in the long run for the american people, including the labor unions to come to agreements to share their will. they give the chinese access to the american market, which they want in exchange for access from the americans to their markets and so on. then dealing with them is a better way than or worse than a confrontation which has dangers and which hasn't worked well in the past. and certainly if you want to have negotiations with anybody, it does help to be a little predictable. like some would say the trumpet ministration, a little bit unpredictable. now ben, you alluded to this,

one of the big issues between the u.s. and china this year has been for the for sell off of chinese social media app tech talk. is that going to move forward now that we have a new administration taking over? that's a really good question. i don't know the answer to it. so thursday is supposed to be a deadline for the for sale of tick tock that was essentially set up by the trump administration . to talk has reached out to the judge in this case and is asking for a stay to say postpone this because we obviously do have a change in administration as you know. but i've been hugely critical of this move by the troubled ministration. i think it's the wrong move to try to force the sale of any company regardless of where that company's based from and certainly forcing it to be sold to an american company, or at least the u.s. canadian new zealand and australia, portions of the company to be sold off and broken off from a chinese company, is it likely that the buy ministration will continue to push this policy on tick tock? i don't think it's likely that they will. it's such a strange policy and it was such an outlier in terms of the way the u.s.

government usually conducts business or gets involved in private business. so i think it's smart for dick not to ask for a stay. ready and say, let's hold off and with everything going on right now with, with the job administration. i don't see them having much capacity, even though they're still in office until january, you know, it were late january, they would not have the capacity. i wouldn't think to really pursue this and why would you pursue it if you're going out of office in just a few weeks, professor of i want to follow up on that because it may seem odd if you would dissident, were to see the biden ministration drop this idea of the for sale of tick tock or while away bans, because essentially many in the cybersecurity space say these are relative real concerns. so what do you make of it? do you see joe biden continuing that movement forward or where you see this going? i actually see him likely to stop it because it wasn't counterproductive of policy in the 1st place. are there relationships between these giant tech companies in

china and the government? i assume it's all, but there are similarly relationships between the united states government and the high tech giants of this society. and there always have been i'm talking about relationships with security, with the fence, with a military that is well known. and i think it's a very dangerous shortsighted bottle jakes, of the united states, the beating the drum about whether you can trust a company that's in cahoots with the government. when that will come back and hurt the united states, especially as europe charts its own direction. it's for that reason, way the cost of letting me a lot of states government in on it simply versus the cost the chinese. and they're going to probably decide to mix and match. and to do a little bit more of their all around and the united states may come to recognize that it choosing the chinese and doing some think that the united states has been doing all along,

may not have been the smart move may have won you some vote for mr. trump for who taking that job ashing china. but when you think about the implications, this is not a very smart policy goal or what. and i suspect that by the administration, we'll figure that out, axel it and cite professor richard walsh and boom bust co-author, ben swan, thank you both for your time today. thank you. kiran time now for a quick break, but here because when we return oil prices have been riding the wave of vaccine optimism this week. later on, we're going to break down the high demand and what it means for one of the world's hottest commodities. and as we go to break, here are the numbers at the club during

the vietnam war, u.s. forces to neighboring laos. it was a secret war. and for years the american people did not know how much it is a heavily bombed country per capita. millions of unexploded bombs still in danger lives in this small agricultural country. jordyn

wieber. even today, kids in laos full victims of bombs dropped decades ago. is the u.s. making amends for that tragedy and what help to the people need in that little land on the wrong. but old rules just don't hold any old belief to shape out these days. you can stick out to it and engagement equals betrayal. when so many find themselves worlds apart, we choose to look for common ground now

welcome back or oil prices are rising again wednesday, continuing the momentum from the monday surge and positive vaccine news. so far this week energy has outperformed every other sector in the s. and p. 500 after months of under-performance. but can all prices still stay elevated? in the coming weeks, we're going to just chat with co-host, christine, and rick rule c.e.o. of holdings. it's always a pleasure to have both of you on rick, i'm going to start with you here. what do you think? can oil continue to stay elevated at these levels here, despite all the continuing challenges with the reopening of lack of demand, or is this pop going to get sold off quickly? and will there be certainly, but i don't think that the economic impact virus has been accurately factored in

markets at any rate given very low interest rates. the truth is it's often the places that we see now and will certainly constrain sustain again. and he took a much, much higher oil prices in the 234 you're trying for. but in the near term, i guess all bets are off. it's a community in a comic activity, certainly to the extent of the virus. to the extent that the recovery in demand, it's an example for transportation fuel price. will that happen near term? it doesn't seem likely to me, but i would defer to the experts and rick just as a follow up to that. and me, a little bit of a layman in the oil field here is this is all due to just pure speculation because in reality, if you look at it, yes, we have positive vaccine news. we're nowhere close to full approval. we're not close to full distribution. like we think that's going to be a year and

a half out. it's not like cruise ships are going to hit the ocean tomorrow. so is this just all speculation running wild? basically. my suspicion is which is to say if the price of oil is below the prices necessary to maintain production in current us. but current, drury's refined products from current production capacity relative to economic activity, meets the us with oil. presently, the price action in order to suggest that there is a current source i, he probably problem. this is speculation based on the fact that we're going to get some relief from the economy from the virus or my suspicion that that optimism is excessive. and chrystia, i want to turn to the other big commodity gold that gold futures declined and are hovering around its 3 month low. what are you seeing there? well, this internal meters just spend

a risk on trade. everyone is fishing for deep value stocks like that. being that energy in the bank, the travel region, basically, i mean a cold, it now has a fighting chance to recover. now that there's american maxine on the horizon, but on the flip side of that means all the safe haven assets are now getting sold, including goal. so gold is now dealing with a couple of headwinds. it's up against a stronger us dollar. bond yield and rising stock markets and us in the us there continue to provide support for the dollar, which in turn is keeping people prices under pressure even so it's still trading above the very critical support area. so a lot. meanwhile, the stronger dollar it can make you madi price in the currency of less attractive to overseas. i x. and rising, you know, it was undercut the relative value of so at least in a number is this optimism about the recovery. now that's driving the dollar. the, u.s. the speech and to the pen demick and outperform other economies. there is still

a lot of optimism and euphoria in the markets right now, even though it might not play out. all right, despite the fact that public health officials are now warning that the u.s. has yet to see the most difficult days of the current crisis. so i think the market is getting her out of it's not here. now rick $30.00 u.s. is trading at fresh weekly lows in the $1.00 price range. now on the back of that dollar straight, is this weakness of going to continue in the euro and the situation worsens in europe or in your opinion? the best answer that i can give you is, if i don't know, i suspect that both from his who are, who are relatively weak, which one is weaker. i can give you that. i think i suspect there are some about the us economy as a consequence of the us electing somebody who seemed to be friendlier to the world

. but the truth is that the question you asked the question, i'm prepared to answer. and after all, a critic what's driven combis, we saw just now chris, i want to head on one last point before we leave here, markets continue to rise here in the u.s. . it's a different story over and asia's china's biggest tech stocks suffer a historic plunge. what's happening there is a lot to do with regulation, correct? yes, it's online about what you mentioned earlier with the new antitrust regulations coming online. so the entire chinese tax sector is taking a serious beating today with the sector losing almost $254000000000.00 in value. as a regulator, so nashik do not focus on just in particular the tech monopolies, achan, too powerful in the recent years. now this includes companies like this platform is used to sell and buy while other people, consumers, goods in china, and also 10 times in the chest. which is the dominant, preeminent messenger and human form used in china. so all of this is totally our

fancy pieces that control over such vast fortunes of the major economies gives these companies enormous political clout, boom bust because christiane and rick rule of sprawl, holdings, thank you. both for your expert analysis today. thank you, david. and amid the coven 19 pandemic, we have featured many industries that have faced a boom or bust due to lockdown restrictions and social distancing. one of the booms was the sport of golf as shutdowns ravaged nearly every sector in march. a new organization called back to golf was formed to advocate for reopening courses. in may, the new group had worked with health officials to figure out how to make sports safe to play during a pandemic. and what was the result? well, september saw a 25.5 percent increase in the total number of rounds played the year over year. that was the 5th, straight month of a yearly increase. meanwhile, golf equipment sales increased in the 3rd quarter of this year by 42 percent year over year, making this industry's 2nd best quarter. ever. in fact,

one of the leaders in the sport callaway golf, they just released their 3rd quarter earnings, and sales were up 12 percent compared to the same period last year. we should also note that the p.g.a. tour was one of the 1st major sports to resume in june, which is pretty big considering the masters tournament starts thursday for the 1st time ever in the month of november. and that's it for this time you can catch boom bust on demand on the brand new portable t.v. app, babble and smartphones and tablets through google play in the apple app store by searching portable t.v. . you can also download a newer model, samsung's smart t.v.'s, as well as roku devices, or you simply can check it out at portable dot t.v. . we'll see you next time

max kaiser, financial survival guide, liquid assets, not those that you can burn using mass quite easily. to keep in mind, no assets mean to place an order.

joining me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics, sport, this list. i'm showbusiness. i'll see you then. nothing to see here. pro-democrat needed try to eliminate all traces of down to about the integrity of the 20 twentieth's election into voting. this information you need capital is crowd demand that the prime minister resigned over a peace deal. they consider a capitulation to azerbaijan in the war for them to go on a kind of.