we had many illusion of presence sprays, maybe feeds about old baden against ram, but i figure really it's not a good new. and with the e.u. having just slapped for teller, tree taxes on us products in lending running trade to speak, there are choppy waters still ahead to navigate. joe biden is offering e.u. leaders, his cooperation, saying he wants to reinvigorate bilateral trance atlantic ties to nato. and the, e.u. yet it's clear all the goodwill in the world won't change the fact that the remains, of last ocean between them. charlotte r.t., paris, just come hop evening here, must come up again at the top of the strategist . why that's one of the customers go by your suppliers will

reduce a lower that's undercutting, but what's good for the market is not good for the global economy. this is a boom bust the one business show you can't afford to miss something. i want to fail in washington coming up more positive news for a little bit about how to wall street trading about your record on monday will break down where investors are putting their money on the top to bottom out to trade deal and join this team asian pacific countries together with the world's

largest economy and lucked out, we have a lot to get. so let's just start a historic day for modernity. as preliminary results show its corona virus vaccine is more than 90 percent effective on monday madonnas early data showed $94.00 efficacy for its acts. seen data also showed the drug maker gave 15000 participants a placebo shot out of those 90 people got sick. on the other hand, another 15000 participants also received the vaccine or actually received the vaccine. only 5 people got sick and that's where you get that nearly 95 percent efficacy. those 5 who developed covert 19, none of them had severe symptoms. but then as president, dr. steven hoag hopes to cement documents for approval, and just the coming week, we hope to have about 20000000 doses of the vaccine by the end of this year. they count here and we're looking forward to making about $500000000.00 to

a 1000000000 doses next year. but given the rate they, which were choir and cases, we do expect that will have probably $150.00 or a $151.00 cases at the final analysis. we do expect that to be done within a couple of weeks here and then we'll prepare those, those documents and submit them to the f.d.a. in the coming weeks. mcgurn, a shares jumped 12 percent in premarket trading. this is the 2nd vaccine in the united states to have a stunningly high success rate. last week, pfizer announced that early data shows its mark scene is more than 90 percent effective. meanwhile, the european medicines agency is human medicines committee said it's starting a rolling review of maternal covert $1000.00 vaccine. the regular is already reviewing vaccines from astra zeneca and pfizer, all in an effort to speed up the approval process. now to a coronavirus update over the weekend, the us are past 11000000, new code 1000 cases. this comes only one week after hitting 10000000. that's an

average of about 150000 last week. positive test rates and hospitalizations are up across the country, forcing states to place even more restrictions on social gatherings and even travel . the u.s. leads global cases and deaths with more than 246000 teletubbies. meanwhile, countries in europe announced more lockdowns. strict measures are being placed as covert cases continue to search, and south korea saw 3 consecutive days of triple digit cases, also forcing the country to tighten restrictions. it's being called one of the largest free trade agreements in history. over the weekend, 15 asian pacific nations sign the world's biggest free trade pact, over the weekend 15 asian pacific nations. they signed this trade park in an effort, in a way for lower tariffs or minimizing red tape. and the artes a correspondent has more china. the r.c.m.

have to have the 1st 10 countries to open fast tracks and going away and to facilitate economically opening. it's been almost 8 years in the making and on sunday, the regional comprehensive economic partnership known as r c. e p was officially signed. it's the 1st trade agreement that connects china, japan, and south korea, among the 10 countries belonging to the association of southeast asian nations covering some 2200000000 people. the agreement makes already low tariffs on trade between member countries, even lower. some analysts say this new deal is the world's largest trading bloc, according to almost a 3rd of global economic activity. something economists say is needed for recovery during the pen demick. the global and regional economies are faced with immense obstacles and challenges arising, not only from covert 19, but also from the decrease in global trade. the conclusion of r, c. e. p negotiation, the largest free trade agreement in the world will send

a strong message that affirms asean leading role in supporting the multilateral trading system, creating a new trading structure in the region. the virtual meeting was designed to set trade rules, investment details, e-commerce and copyright specifics. the deal includes 15 countries, $2200000000.00 people with a combined gross domestic product of $26.00 trillion dollars. economists say by 2030, the deal could add roughly $200000000000.00 a year to the global economy. the pact initially included 16 countries, but india backed down amid concerns over cheap imports flooding. the country, particularly from china on sunday. leaders said the door remains open for india to join the deal. signing comes amid trade tensions between china and australia. it's not yet clear. if beijing will cancel its latest tariffs and restrictions, although u.s. is not part of the agreement, that means prime minister said on sunday it would continue its close ties to the,

u.s. regardless of who takes office in january. the trade agreement is set to affect within the next 2 years after countries ratified the deal reporting in los angeles and pasha suites. for more, let's bring in bill with co-host chrystia. i chrystia good to see you and let's talk about the asian markets. bouncing and back and monday session, another after these 15 economies in the region signed this alliance. why is this such a big deal? well, this is not a pretty big step for china, especially as it's basically in the world's largest trade alliance. right now this regional comprehensive economic partnership where our c.e.o. . ringback is now the largest trade, why it's a deal that specifically the u.s. . so the entire goal of the r.c.p. is to balazs some of the 92 percent of trade goods terrorists, which would then the least of which would then deepen as i can get. so as a result and automakers today, those names are soaring. we just need all those being to be used and appreciate. so

you have nissan mazda and it to be, she's an ongoing and i've presented a and also high tech such an alternate. so this deal comes after 8 years of negotiations. other countries are hoping that together this will help you know, recovery from the shock of the run american. so i get disagreements on a very strong message to washington. over the trumpet. ministration has been trying to sever trade in favor of protectionism, but now it's china being, it's also trust us as a champion of what is a should and in our cooperation. well, it is interesting because they are the world's 2nd largest economy, but much like you said, this has been 8 years in the making. and this is we're looking at a proximately adding 200000000000 dollars a year to the global economy. much like you said, did you feel, do you believe that it's rushed, or that given the timing of this is really because of the pandemic? i don't think it's been a rash because it has been 8 years in the making. i do think it is a good,

comprehensive deal in order to promote further trading operation between that you mentioned. i do think that the timing of it is very beneficial to especially the smaller parts of the irony. those have been the most severely impacted by the virus shots, and essentially they're our economy is basically based off the tours and servers and streams. and those industries particular have been severely damaged by cobra 19 given that there's basically no trouble at all. well, india is also pretty high up in cases and their economies also struggle but their, their insurer at least as of now they're not part of this deal correct? currently they are not a saying that if they will welcome india back into the whole issue is ready to join . but currently, as it stands right now, and yes, you used to join this alliance in response to that in response to the fact that they believe that they want to keep more of the high tech news in that region and regain its own country. and there has been tension between india and china. that is christy, how is washington taking this?

what is their response if anything at well, this is a really alarming development for washington as it just basically expands asia's economic and trade and plans, especially in china. so this deal is being her way for china to drop the trade in the us now to transpacific partnership trade so cartridges. so chartering secretary paulson you made the 1st, trump, china at the time this week, saying that his incoming administration, they should start a new route. i remember she wanted to undo the past 40 years or treats. and so often also called question away from has lots of rest of that rests reciprocity to ensure the strategic competition between the world's 2 largest economy will result in the u.s. closing off. well, so 2 years ago also had warned that the trajectory of the trumpet mystery should be what established economic ire. and it's interesting to see that after so many

sanctions and thus the restrictions cracked out of the many of his predictions actually didn't hand out. well, if they really did, and you mentioned the u.s. and china, they've been in the trade war and what president trump, of trying to restoration has done with, with the relationship between the 2 countries. is this going to pave the way for washington under president elect joe biden, to then return to the transpacific partnership? we know that the trump trump pulled back from it and signed the executive order pulling out of it in 2017. well, potentially, so i did actually back to t.v. under obama and said that you would really go shoot a trade, you know, if he was elected, he'd spoken that you knew while it wasn't perfect, you know, it was a good way for countries to come together to put her kind of access. so right now the r.c.m.p. and the c.p.t. are kind of in a face off against one another with r.c. . he had a 30 percent of the world economy. and that he, in its original form,

the us that would have been at 40 percent. so when this treaty trading was the u.s. multinationals, they would definitely benefit from driving under the new ministration option, certainly on the table. so we could see the u.s. rejoin the successor deal, but we still have a long way to go before that because that's not expected to be. and i already from washington, given the considerable negative response to the negotiations from many segments of the u.s. market or well, even the united states. and here we've seen that china has been an issue, a bipartisan issue, where both, both the democrats and the republicans say they need to go against china, at least in terms of these tariffs and continue to not necessarily left tariffs or escalate tensions. what can we expect from from president elect, joe biden? you think i think you will be forced to also take a very hard stance on china, which is why it's, i guess, is not going to be a priority at all. he's going to make a priority about quiting, gronow myers central back. so this is going to be pushed on the back burner for now

. because as you said, this is an issue that the democrats also strongly about saying and citing very specific instances that china and asia pacific nations because of the cheap labor they have been stealing jobs away from americans. that's that. and their stance for a very long time. which is why he wants to renegotiate a deal saying that is not the way it is right now. and that he will be very strong stance against trying, even, even as we try to simmer down the antagonistic reciprocity that we've seen over the top ministration, especially with the tensions between them. we know a lot of experts analysts have said that, at least with joe biden, that we would president joe biden, we would be able to, he's a little more, at least a pragmatic about things and that at least people can see where he's going to go and how he's going to take this christiane cohosts. i think that the only bank you fired for breaking this down for us time now for

a quick break. but when we come back, actually makes another historic watch to the international space station opening up the possibility of a regular launch schedule from you. i thought, as we go to break here, the number is up. so what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race is on offer and spearing dramatic development. only loosely i'm going to resist. i don't see how that strategy will be successful, very critical. time to sit down and talk

to new gold rush is underway, and workers are flocking to the gold fields hoping to strike it rich. here's a good as particles that work children are torn between gold. my family was very poor, i thought i was doing my best to get back to see which side will have the strongest appeal. another big day for wall street, the dow futures jumped 500 points on news that pharmaceutical company announced the

2 had developed a highly effective covert seen as we previously mentioned. it was just one week ago when pfizer announced it developed a covert vaccine the how to achieve 90 percent africa c. in clinical trials. well, joining us now to discuss has been was co-host swan and otavio monsey the c.e.o. of openness. gentlemen, thank you for joining me today. let's begin with you. i'm a journalist, claim it's a vaccine is 94 percent effective in clinical trials. and that meant not just a surgeon during a stock, obviously, but also in the stocks for travel and tourism. right. well i guess still you could call a surgeon that has done a stock. i think 1st white looks to me like a bit of a disappointment. looks a bit like a damp squid when you think about it. modernity is sort of a start up. if the biotech company means it's one of the new after efficient and a lot of players like pfizer,

the other big players and their approach developed in banks in europe and most of them. so now that it looks like their approach is vindicate. big breakthrough seems to work their results are very impressive, and the store was only going up $0.10. i would say that's a bit of disappoint, that's not terribly impressive. you'd expect this to be the movie that was successful as the stock price soaring in triple digits. as a result, what is actually interesting too is if you took size a stock piles that was down some of done as a market cap with $3.00 as market cap came down about 7. so there's been a net destruction of share over the write ups or travel, so it was a mirror to the world but more amazing as well. that's something we're going to see . some are to what happened last week when we saw the pfizer stock surge because of the vaccine is optimism. we kind of started going down after a few days because cases are still going up. well, i mean,

cases still going up might be good news for them. the banks in the banks in when the banks actually comes to market. so i don't think cases going up is a bad thing for their stock. you know, sudden is bad for the world than the one who's infected, not for the pharmaceutical companies or have a vaccine for the, for the illness. so i don't think that's driving. i think people are looking at this with some skepticism on. either you have to write $5.00 of them, so i was since the dinosaur didn't get the poll that you expect to get such a breakthrough. so i think the markets are looking that this is interesting. there's a chance this works, but we're going to reserve judgment. going to be something cautious about c o. through that, it seems that way. and then we're not looking at effect in an ounce amount of this covert vaccine in just one week's time of over 90 percent efficacy. but what does this actually mean for the rollout of the vaccine? which means a couple things. number one, obviously this is, these are claims being made by pfizer and by mcdermott these have not necessarily

been verified that the vaccine would actually work this way. this is just what they're telling us. and i do think it's important to note, you know, the mention of the stock jumping. so mcgurn of stock, jump back in the spring because madonna has a very bizarre relationship working alongside the national institutes of health and actually getting taxpayer dollars to develop their vaccine. other companies like pfizer got $2000000000.00 taxpayer dollars, but there's a difference here. the difference with moderna is that the technology they're using was actually developed by the, in the h. and the national institutes of health. and it's not really as development, that's the 1st thing. the 2nd thing, i think it's very interesting about both of these cases and very few people are talking about this one mode. ernest stop shot up in the spring will journalist top 5 executives actually sold 80 percent of their stuff. they sold a huge amount of it, which was absolutely shocking to a lot of people if you're really watching what they're doing, if your stock is going up, why are you selling it right now? a similar thing happened last week. the same day the pfizer made its announcement,

the c.e.o. of pfizer actually sold 60 percent of his stock. now that already been kind of prearranged to happen. that decision to do so was made back on august 19th, but it just so happened that it coincided selling 60 percent of his stock coincided with this announcement last monday. so the only reason i bring this up is if you're an investor that has to make you say, let's give it a pause and let's see if this stuff really works. because why would the people with the most stock be selling it right at the time of these announcements are coming out for a vaccine that going to be taken world? why? well, and the other thing too, we're looking at these high efficacy rates, right? that number, the f.d.a. only required 50 percent. how important is that then? well, it is important if it's true, but remember again, this is, this is what we're being told by move. this is what we're being told by pfizer. that's what they're saying. based upon the studies that they've done, all of this has to be verified. there has to be a process of verification that the f.d.a. is going through. and on top of that, obviously everything has kind of been sped up through this process. but even so

there has to be verification for that. so you can come out and say 90 percent efficacy and we're doing it can say we can do better than that. we got 94 percent efficacy. great, but it has to be proven and it is, we can't just take you at your word that this vaccine is that is that effective still needs approval. number one, a number 2, we're looking at a new technology and r.n.a. which both of these vaccine right tend to have that we really don't know what some of the long term ramifications could be. and we, and we paid for the development of it by the way, as taxpayers. but we're also supposed to pay full price for about elements that we're already paying right. the mounds of money, of the millions of dollars for to have these manufactured without knowing whether or not they're getting work so that that's another thing. meanwhile, of the p. and c. financial services group agreed to by the u.s. army of spain's b.v.a. for $11600000000.00. the company's both said on monday, in one of this is one of the largest bank tie ups since the financial crisis. a deal would create basically the 5th largest u.s.

retail bank with more than $550000000000.00 in assets. a giant in an industry that has been pretty slow to consolidate. what more can you tell us about this deal? what i think you actually write the banks have been quite slow, the consoler that because they have wanted. it's been more the regulator has been very cautious by giving them permission to do about the safety of the financial crisis. also banks fall into the too big to fail. cash, very regulated become very cautious and circumspect about approving these kinds of mergers and also make a few facts. so it's a deal that makes little sense in seize those areas. as we've expanded geographically,, this acquisition of the v.a.'s branches and assets in the u.s., no changes expand south and southwest. so that makes sense. i think there's a sense that they might be paying a bit too much this acquisition. so the price tag, the question is,

is that worth that? and it looks like the market is sort of giving slightly negative, bracing on this is saying, well, a lot of the other regional banks today suggests he bank regions have a really good day on the bank of this vaccine use because it looks like things are, back to normal, not going to be losses in terms of exposures there. and p. and c., so is just about one percent was about average for the so a bit of a yawn in terms of market reaction to something makes looks at strategically and a positive sign that regulation would be easier on future mergers and acquisitions . the banking spaces and i want to get a quick answer before we go about a minute left, but how we hit rock bottom with stocks, we know china's recovery. it looks to be a little bit faster than the rest of the world. what do we should we expect? well, i don't know that we've hit rock bottom with anything at this point. i think there's always room to go down, but i wouldn't use the stock market again as a gauge for any of this. i think it's important to recognize that what we're seeing

with vaccines very quickly here. yes, it's causing the stock market to bump a little bit, but at the same time, there are big questions about what will the policies, especially by the administration be going forward with or without a vaccine. will we see lock downs again? and will we see continued lock downs across the country if that happens, expect to see the stock market not recover the way that a lot of people are hoping that it will bend so on. thank you both so much for helping us break this down for everyone. space x. launched for astronauts the international space station, the 1st, a regularly scheduled trip, taking for nasa astronaut to space. and what will be many more of this kind r t correspondent, john hardy, has more from miami, about the historic lunch of another historic launch, a joint venture between space, x. and nasa. and while this particular trip was once again to the international space station, more than likely both space x. and nasa will be launching missions pretty soon to not only the moon, but at some point to mars 3210 s.

. and with that, the taxi rides to space began. the space x. falcon rocket carrying the dragon capsule, name resilience for the mission blasted off sunday evening for the 9 minute shot into orbit aboard the dragon capsule. aptly named crew one astronauts. michael is hopkins shannon walker. victor glover and japanese astronaut sochi. early back in may, astronauts banking and doug hurley rode the space x. dragon in the historic 1st flight between space x. and nasa. a test to essentially work out the initial glitches. well, 4 hours after liftoff during this particular mission. nasa announced it was investigating a quote issue with propellant heaters, though the issue was resolved about an hour later. nasa and space x. completed the final certification process last week. providing space x. with the nasa seal of approval to shuttle astronauts regularly into orbit space x.

president. when shotwell said more missions are scheduled to come in the next 15 months, we should be flying roughly 7 dragon missions. and this mission represents the initiation of a dragon in orbit, continuously knocking on wood and certainly is really the beginning of a new era and human spaceflight space. x. found real on musk, unfortunately had to watch from the sidelines or whatever. he was quarantined after reporting. he was showing mild signs of cold, 19 and testing, oddly enough, both positive and negative for the virus. after the successful launch, he tweeted a single heart president elect joe biden. meanwhile, tweeted his congratulations to nasa and space x. and before the launch nasa administrator jim wright in staying tweeted this picture of both he and shotwell with the 4 astronauts will be brought into things last launch as the head of nasa is planning to step down january 20th, but he leaves behind an exciting new era for nasa space x.

as both gear up for a mission to the moon. and one day a mission to mars. for boom, bust john hardy, that's all for now katz who was on a man on the portable t.v. up available on your apple and android devices. check it out at portable dot t.v. . we'll see you next time. someone else seems wrong. why don't we just don't call me yet to shape out these days to come after and in detroit. because the trail when so many find themselves worlds apart, we choose to look for common ground. during

the vietnam war, u.s. forces to neighboring laos. there was a secret war and for years the american people did not know how much it is officially. catherine bond country per capita, all human history. millions of unexploded bombs still in danger lives in this small agricultural country. jordyn we don't think going to happen again. even today, kids in los full victim to the bombs dropped decades ago is the us making amends for the tragedy and help to the people need. in the too little learned on the banks are involved. ponzi scheme attached is a federal reserve bank, and the federal reserve bank is attached to a huge ponzi scheme called the global banking financial and the i.m.f. and the world bank and the people. and then that part of the ponzi scheme is backed

by america's military. so america's military is kind of the force behind this global ponzi scheme. so if you defund the military, then the whole house of cards crumbles. it was always in the building but especially big bright lights, huge opportunities and dangerous to play with and later. it's also a city when up 230-0000 crimes are committed by the last living. but then you're almost still through the reserve least one police officer, 200 residents in russia's capital, lost on the english. and that is not true that they will not go after listening to those on the beat or with them to last

mission for pace, we follow russian forces that ends in the corner and how to post a cease fire between mania and as if this is something of a surreal experience, because russian peacekeepers standing together with eyes it about john, the troops very close together and just behind the median troops, these are the new territories a number of nations turn to russia in hope of securing a cause with 19 vaccine is in talks to take up the sport, make the job how long it will pay for the fires. i'm seeing february when 70 percent of the population will have gotten this infection, but this virus will never disappear from our population. it is another virus which we need to live for.