a new gold rush is underway and gonna quipped workers are flocking to the gold fields, hoping to strike it. rich. as 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 crater transferred to st. simpson, exacerbating an alarming everyone mindlessly. actually what that means is we end up picking solutions that cost a lot, but actually do very little. it's just a kind of fuel instead of actual solutions that want to

join me every thursday on the alex salmond show and i'll be speaking to the world of politics, sport. i'm sure. i'll see you, then this is a boom bust the one business show you can't afford. something i want to fail in washington coming up more positive news for a cloven vaccine. how did wall street trading above your record on monday, break down where investors are putting their money on the top of a massive trade deal and joined $15.00 asian pacific countries, together with the world's largest economy and lucked out, we have

a lot to get killed. so let's get started. historic day from a dern as preliminary results show its corona virus vaccine is more than 90 percent effective. on monday, medina's early data showed $94.00 efficacy for its vaccine 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 about 20000000 doses of the vaccine by the end of this year, the calendar year. and we're looking forward to meeting about $500000000.00 to

a $1000000000.00 this next year. but even the rate at which were and cases 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 on them, we'll prepare those documents and submit them to the head. in the coming weeks. mcgurn 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 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 or past 11000000, new coburn, 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 ppi 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 artie's, a correspondent, has more china than have to have the 1st hand

to open fast tracks and going away. it's to facilitate economically opening. it's been almost 8 years in the making. and on sunday, the original 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 our 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 past 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 all the us is not part of the agreement, the venue 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, it's not a pretty big step for china, especially as it's basically been the world's largest trade alliance right now in this region, comprehensive economic partnership where our c.e.o. is now the largest trade, while 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 will then the least of which would then deepen as i can get. so as a result and automakers today, those names are soaring. we japanese almost being the best and appreciate so you, have nissan mazda and it's a b., she's an author, you know, i present day and also high tech such

a kind of minute. 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 a 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 that 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 soup to, especially the smaller parts of the irony. those have been the most severely impacted by the virus. since 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 and 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 the ranks in response to that in response to the fact that they believe that they want to keep more of the high tech in that huge niche 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 yet?

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 seen our way for china to drop the trade in the region after you now transpacific, partnership, trade, so cartridges. so charming secretary that 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 off. 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 this new restrictions crackdown,

public knowledge. 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 the trade deal 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 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 that he in its original u.s. that would have been now 40 percent. so when trading was the u.s.

multinationals, they would actually benefit from driving under the new ministration option, certainly on the table. so we could see that 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 meyers potential 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 really 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 human 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, we would president joe biden, we would be able to, he's a little more at least 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 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, 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, the pledge was

always on the bull, but the especially big city, bright lights you and many dangers. it's also a city where up to $300.00 sounds and crimes are committed every element over the last living. but it's still the reserve least one police officer for every $200.00 residents in russia's capital lost on the issue of the truth that i'm not going to look at least on the beach for the last

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 scene as we previously mentioned. it was just one week ago when pfizer announced it developed a covert vaccine. 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 open was gentleman, 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 hysteria the corner

surgeon that was on the stock. i think 1st light 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 to developing vaccines are but 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 disappointment. 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 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, the case is 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, suddens bad for the world than the one who's infected, not for the pharmaceutical companies 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 or you have to write 5 stories of the inside was since the dinosaur 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 c o

through that. 'd 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 end i h. and the national institutes of health. it's not really journals 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. well during those

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 thought be selling it right at the time of these announcements are coming out for a vaccine that going to be taken worldwide? 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 milburn. and 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, you know, 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, 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 for loans to 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, bronx's and assets in the u.s. . you have no change 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 states the regions have a really good day on the back of this vaccine news because it looks like things are back to normal, not going to be losses in terms of losses, open exposures there. and b. and c. . so is just about one percent. was about average for the a lot. so a bit of a yawn in terms of market reaction to something makes looks at strategically and a positive sign that regulates will 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 astronauts to space. and what will be many more of this kind are to

correspondent john. heidi 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 as hopkins shannon walker. victor glover and japanese astronaut sochi. 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. 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 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 sting tweeted this picture of both he and shotwell with the 4 astronauts will be brought in scenes 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. catch us on a man on the portable t.v. up available on your apple and android devices. check it out at portal dot t.v. . we'll see you next time.

i was always on the bull, but i post actually like big city bright lights. you jump, but you know, g.'s and many dangers because of the risk of blatantly to it's also a city where up to $300000.00 crimes are committed every year goes to

the last one, but it will renew most. it's still through the reserve least one police officer think every 200 residents in russia's capital lost on the english. i think you missed most. we all put them out of my tree that i will not go up boysen room for the truth. most of the people who would have to watch the results of the us election cycle a surprise many there was no blue wave and the g.o.p. wave is games all across the board. both parties have deep internal divisions and the court is in both parties based populist challenges. this is the perfect recipe for a political realigned join me every thursday on the alex salmond show and i'll be speaking to guest of the world of

politics, sports business. i'm show business, i'll see you then violence on the streets of paris as france debates a bill to ban publishing, images of police for malicious reasons. our correspondent was caught up in the unrest and we ourselves were forcibly chucked out by the police, my cameraman grabbed by offices while he was filming. while we were trying to do an interview. with the u.s. moves to adopt a bill for american officials to jail. those involved in doping however the.