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 club in a vaccine. how to wall street training about your record on monday will break down where investors are putting their money on the top of a massive trade deal and joins $15.00, asian pacific countries, together with the world's largest economy in the south. we have a lot to get. so let's just start historic day for modernity. as preliminary results show it's corona virus vaccine is more than 90 percent effective on monday madonnas early data showed $94.00 efficacy for its axeman 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 hogan hopes to submit documents for approval in just the coming weeks. we know that you have about $20000000.00 doses of the vaccine by the end of this year on year. and we're looking forward to making about $500000000.00 to a $1000000000.00 this next year. but given the rate at which we were in pieces, we do expect will have probably $150.00 or under $51.00 cases at the final analysis . we do expect that to be done within a couple of weeks you're in them will prepare those documents and submit them to the head. in the coming weeks, mcgurn, a shares jumped 12 percent in premarket trading. this is a 2nd vaccine in the united states to have a stunningly high success rate. last week, pfizer announced that early data shows it's

a back scene is more than 90 percent effective. meanwhile, the european medicines agency as 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 televisa. 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 signed 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 have been the 1st 10 countries to open fast tracks 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 the 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 us . 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. 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 in

this region, comprehensive economic partnership where our c.e.o. is now the largest trade, why it's a deal that specifically 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 almost being the biggest beneficiary. so you have nissan mazda, and that to be, she's an ongoing or not, i present day, and also high tech such an alternate. so this deal because after 8 years of negotiations, other countries are hoping that together this will help you know, recovery from the shock 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 our. 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 what we're looking at a proximately adding $200000000000.00 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 offer to ours and service 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 they're, they're unsure, at least as of now they're not part of this deal correct?

currently they are not made 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, they 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, inch river in 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 our way for china to drop the trade in the us now to transpacific partnership trade. so cartridges. so charlie 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 would retire in order to undo the past 4 years of

a great treat. and so often also called for a shift 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 its well. so 2 years ago also had warned that the trajectory of the trumpet ministration, they would establish an economic ire. and it's interesting to see that after so many sanctions, and that's 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. ringback 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 its people are kind of in, a face off against one another. for the r.c., you have a 30 percent of the world economy. and the g.d.p. in its original form, the u.s. that would have been at 40 percent. so when these 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 grow 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 to, even, even as we try to simmer down the antagonistic reciprocity. now we've seen or heard the term 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 feel where he's going to go and how he's going to take this kristie co-host. i think that's only thank you for breaking this down for us time now for a quick break, but when we come back, faith act makes another historic watch to the international space station. opening up the possibility of a regular launch schedule from u.s. soil. as we go to break here, the numbers of the

world is driven by shaped by one person. who dares thinks we dare to ask the banks are involved in a huge ponzi scheme attached to the 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 at davos 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. i was always on the ball but i'm pissed off. no big city, bright lights. you joke, but you know jeans and many dangers. blatantly to it's also a city where up to $300000.00 crimes are committed every year for the last little bit more than your mosque, it's filled to the reserve least one police officer for every 200 residents in russia's capital. but the truth is that i will not go back to assume it was the last

new gold rush is underway in ghana. thousands of ill equipped workers are flocking to the gold fields, hoping to strike it. rich is a good day. oh by those that work. children are torn between gold. my family was very poor. i thought i was doing my best to get back to school, 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 coping 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 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 the dental stock. i think 1st life 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 pfizer, the other big players and their approach to developing vaccines was but most of them. so now that it looks like their approach is vindicate, big breakthrough seems to work. the results are very impressive, and the store is only going up $0.10. i would say, that's a bit of disappoint us,

not terribly impressive. you'd expect this to be the movie. that was successful. this stock price soaring in triple digits as a result of what is actually interesting too, is if you took sides or stockpiles the dow, some a done as a market cap with a 3.85 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 murder to the world, but more amazing as well. that 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 about to stop us and is bad for the world than a woman 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 stores of them. so i was madonna still didn't get the poll that you expect to get was such a breakthrough. so i think the markets are looking at, this is interesting, there's a chance this works, but we're going to reserve judgment. going to be something cautious about. so you are still through the, 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 macdermott 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 end i h. and the national institutes of health. it's not really during this 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 stock shot up in the spring with 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. 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, the p.m.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? well, i think you're actually right. the banks have been quite slow, the consoler of 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 what we've expanded,, this acquisition of the v.a.'s branches and assets in the u.s., you know, to, to 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 losses or exposures that the store is just about one percent, which is 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 abide ministration, be going forward with or without a vaccine? will we see lockdowns 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. thank you both so much for helping us break this down for everyone. space x. launched for astronauts the international space station, the 1st to 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 with 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. so early back in may astronauts, bob 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 while 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 a 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 bing staying tweeted this picture of both he and shot well 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 in 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. catch us on a man on the portable t.v. up available on your apple and android devices,

or check it out at portal dot tv. was he an actor? is your media a reflection of reality? in a world transformed what will make you feel safe? isolation or community, are you going the right way or are you being led by a what is true, what is faith? in the world corrupted, you need to descend to join us in the depths or a maid in the shallows. during

the vietnam war, u.s. forces also bombed to neighboring laos. it was a secret war. and for years the american people did not know how much it is officially the mouth can rebound country, per capita. human history, millions of unexploded bombs still in danger. lives in this small agricultural country. jordyn wieber went on a canal, it's happening there. even today, kids in laos full victims of bombs dropped decades ago, is the u.s. making amends for the tragedy in laos. won't help to the people need in that little land of mines. a new gold rush is underway in ghana. thousands of ill equipped workers are flocking to the gold fields, hoping to strike it rich. here is a good day over the children are torn between gone

from me was very poor. i thought i was doing my best to get back to school. which side will have the strongest appeal? there's a lot on the bull, but the most national big city writes like you but you know, jesus and many dangers of the rest of the blatantly to do and it's also a city where not just 300000 crimes are committed every go for the last little bit more than your mosque needs filled to the reserve least one police officer for every 200 residents in russia's capital lost on the list. i think you are still soiled, but then that would make me think i will not go with the wind up toy singing along with those who would have to watch the

breaking news this hour. for example, did it seems, the russian president, vladimir putin says the bloodshed between our media and i could have been halted weeks ago before the conflict at the border had reached a breaking point. and i managed to convince president i live that it was possible to stop the hostilities kid, but he's obligatory condition. was the return of refugees including to sue show. then unexpectedly, for me, the position of romanian partners was formulated in such a way that it was on the acceptable for them. mission for peace, we want to pull things as they are no one to care about, to help hold the spot between armenia and azerbaijan. this is something that let's .