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tv   Boom Bust  RT  November 18, 2020 1:30pm-2:01pm EST

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furthermore indicated that he is likely to appoint susan rice as his secretary of state. now susan rice is a big supporter of u.s. military interventionism. and she served in the obama administration. in addition to that, we've got michelle floor in a was being pointed to as potentially the secretary of defense for the biden administration. she was a big advocate of u.s. military intervention in syria and u.s. military intervention in libya. does this mean that if joe biden takes office in january, he will reverse donald trump's recent move to pull out u.s. troops between now and january. that is unclear, however, on many speculate that the biden ministration will have much more of an interventionist bent than trump. trump is doing this for political reasons and trying to fulfill a campaign promise. he's not told them all. he also got to keep in mind. he may substitute u.s. troops for private military contractors. the whole notion is for him to have ever troops by next may. but then by then you may be into a biden administration,
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and the troop levels could go back up again. really depends upon commitments by the taliban and what have you and you've got to consider that a biden ministration given the blood in the service may be jumping on board. his administration may pursue efforts to keep troops there, and even establishment republicans are calling for troops to remain in afghanistan, and probably even in iraq. not that things are shaping up in our banks, which is not international this wednesday. next stop, it's been bust. join me every thursday on the alex salmond show and i'll be speaking to guest of the world, the politics sports business. i'm show business. i'll see you then new
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gold rush is underway in ghana. thousands of ill equipped workers are flocking to the gold fields, hoping to strike it rich. here's a good way out of those they owe 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 when i was told, seem wrong, why don't we all, just all the world is yet to shape out. these days comes to educate and in gains from it. because betrayal, when so many find themselves worlds apart, we choose to look for common ground. this
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is a boom bust the one business show you can't afford to miss. i'm sorry, montecito going to washington coming up. countries around the globe are getting closer to the release of a vaccine for cobra, 19 more testing and distribution concerns for your head. we'll talk to these expert, dr. paul about the future of the shot. big rally when you think that $1000.00 while bringing up many points along the ride, we have a lot to get to. let's just start big news this week,
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as mentor now becomes the 2nd drug maker to report an efficacy rate above 90 percent for its covert $1000.00 vaccine. the promising results are lifting hopes as global cases exceed, 55000000 and deaths total. more than $1300000.00. several countries are imposing travel restrictions or simply limiting public gatherings. this comes one week after russia's health ministry announced its sputnik 5 vaccine is also 90 percent or 92 percent effective on tuesday during the annual bric summit host, russian president vladimir putin said the russian direct investment fund has reached agreements with its brazilian and indian partners on conducting clinical trials of the sputnik by vaccine. it has also reached an agreement with pharmaceutical companies in china and india to launch production of the vaccine in these countries. not just to cover their needs, but for 3rd countries as well. putin also proposed creating a vaccine research center for brics countries, brazil, russia, india, china, and south africa. for more on this and the box,
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we're joined by truck tour of the vaccine education center of the children's hospital of philadelphia, dr. paul offit. dr. thank you for joining us today. i want to start with asking you this about russias vaccine dubbed the sputnik 5. there's a lot of controversy surrounding the data. what can you tell us about the efficacy of this vaccine? it's not much the, the press release that they put out shows that they in their trial would be a conceivable control proof back to base 3 trial. they only have 20 cases of the illness. so you really can't make any statements about efficacy yet until you have 4 more people that i mean that to us trials for their own advisor are looking to get to 165 cases where they feel you can confidently make statements. and right now the research with 90 percent range, you can believe that it's a suggestion. let's wait and see. and we know other other countries have been and have started already testing that vaccine as well. so hopefully more data will come out from that. but here in the united states under operation, our speed so far,
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we have to vaccines that have more than 90 percent efficacy. pfizer reported just above the 90 percent and modern of this week reported in 94.5 africa see rate. these are both new technologies. is the high efficacy because of this approach? do you know it's a process, you know we've never abused messenger r.n.a. . it's a way to make a backseat before so i wasn't sure what to expect. it's looks amazing. i mean, you know, we just had this virus and here, january, we had the genes, the code for this virus and he ended in january. and now it's november. we have 2 large clinical trials, 44000 people, 30000 people with the efficacy, at least from these press releases, look good. again, it's like science by press release. i'm really looking forward. i wish data and will match the f.d.a. is actually buys or committee. it will see the state or probably in december or so will be able to look much more closely to see exactly who would be protected when
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they save 94.5 percent as the embassy for who. and so will sit. right. especially because of this new technology, which many experts do say that the m.r.i. hasn't been more helpful leeson developing this vaccine. but because a says new, is there a possibility that there might be some long term side effects? not only that, but looking at the time, like you said, we, we don't, we didn't know about the virus in for even even a year ago. so the fact that it, it's just, it's been released the data or at least the part show that we have this efficacy so high in such little time. usually it takes over a decade to tame and make a vaccine. the i was fortunate to be about with a team of children's hospital to look at me the root of our sex, and that was a 26 year effort. i mean, you will know it takes 15 or 20 years. it's all been done with that era. i mean, i think you're point is a great without which is that there you have this virus that's back coronavirus. it's just made a state, the occupation. it's cause a number of clinical pathological changes. you would never predict that, you know,
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like that it causes inflammation, blood vessels, who would have ever predicted that for a respiratory virus. and now we're meeting it with, with a series of vaccine strategies that have never been used before you, which there's no commercial experience. i'm sure there's going to be a learning curve here over the next 2 years, so, you know, right. i think we need to keep our eyes open as we move forward and be humble and all this. well, dr. also, i want to ask you about all the excitement going around, obviously about the vaccine. what do we know about the actual rollout? wonder now for example, are saying they're requiring 2 doses, 4 weeks apart. there's a lot of, a lot of, i don't answer questions about this distribution. the vaccine made by pfizer needs to be kept in minus 70 degree celsius. that's colder than a winter in antarctica. this is going this clearly going to make it very expensive and more difficult to correct. yes, i mean that the pfizer vaccine has to be shipped in short minus 73 centigrade, which means dry ice. we've never done that before in this country. once thought, it can only be in the refrigerator for 24 hours before s.p.c.
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thrown away because they're concentrated. multi-dose, spouse doses provide 10 votes throughout which concentrated so they have to be reconstituted when they're reconstituted. you only have 6 hours before you have to throw it away. so i think we're going to have to line people up and make sure that they get them one after the next if that next. so it's going to be johnny, for many reasons. this distribution plant and another hurdle for the vaccine could be public mistrust. we know that in early september, a gallup poll was saying that americans up only 50 percent of americans were willing to get the vaccine. now, because of the efficacy rate, that number has gone up to 58 percent, but that's still pretty low. and i think will happen if the vaccine will get out there and it will be given to essential workers like health care workers, people in transportation, people, law enforcement, water purification people, work grocery store. it's obviously then they'll start to get it in hundreds of thousands of people get it and know you can get it and people feel a lot better. we've got to save it. that's the. but it doesn't cause even aware or
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serious. and i think more people will see over time, hopefully that more and more people are racist actually more. well, not only that, but dr. also, you know, just how are they going to be? of course, for americans are saying that by q 2 we'll be able to see it. but what about for other countries for poor countries who aren't as developed? when can, when should they expect to get something like this that some say not until 2024? well, sort of, you know, we, there are 7000000000 people plus all this planet and we don't need any more information at this point. you realize what happens one country can affect all countries. so we are, while all, essentially one country we, the united states has a responsibility because of our technological advances are economic advantages to other countries in this world. so i think eventually, you know, we have to make sure that we even know it's not only ourselves, but immunize all of those countries benefits. this is good news about the m.r.i. new technology. it's great technology. if you can synthesize that knowledge to, it's not that you could make 11 of the doses that year. so i think i think we will
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get there in the next few years. well, hopefully because we've gotten this far at least, and the last not even year yet of knowing the krona virus and already hopeful that this vaccine will work and hopefully not have any long term side effects. because i know we don't necessarily have the time for that. dr. paul offit, director of the vaccine education center at the children's hospital of philadelphia . thank you. we really appreciate you making time for us today and breaking this down. my pleasure, thank you for rapid rise, that no one really seems to be talking about and 2017 when bitcoin was on its meteoric rise to 20000, it dominated conversations around the country today. that coin has just sliced through 17000 dollars on its way to historic numbers, and it's not dominating conversations among average americans. so why is that? joining us now to discuss, boom bust co-hosts, chris, and juan christy, what do you think is the reason the through bit coin is making such
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a rapid ascent that it's not really getting the headlines that we once saw 3 years ago? yeah, this is really interesting. this time around as mainstream reach out, traders are not really involved in this ongoing right now, right now, if you are going to transit your popularity because you were a crank as manly 16 percent of what it was trying to cheat until he saw a period where basically everybody was great how the getting to know how to get aren't exchanges. so rumor is not calling this the rally that no one is talking about. and that's actually a good thing because i mean that this rally is driven right. smart money and institutional investors have been adding to their positions rather than everyone just highly, you know, i did 3 years ago. so in 2017, that bull run crowds characterized by speculation they've given how new exchanges were out. there were the allotment, what event either. there was also just a few whales who really believe the price of their car. but now 3 years later down the road, we have much more mature technology, more alternative stable clients,
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us the scene in, in addition to like rescue and more whales than ever. so there's also the possibility that a lot of retirees who got for really badly in 2017, those who jumped in on a hike and bought in 20000 only to see a drop. i'm around 50 percent a couple months later. it's likely that they are still in the bank, so we don't have a lot of room for more and less excited our big day for fear of another social visit. iraq has been pretty steady and it's never a show that it's primarily the right answer that are driving the prices. so you have to john cena point is right early invest in apple stock say, you know, micro strategy. don't talk about iraq here. you call it the world's best collateral and stanley jumping all or said, i think that one that works. the big bet will probably work better. so we've been calling this show on the show for a really long time now, and it's proven itself time and time again. to be a tremendous storm. so long gold is already up 23 percent and 2020 point is now up
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125 percent. but what do you think? do you think all this? what a would have had more people kind of just jumped on it? do you agree with christiane? this yeah, i think she's going to couple really important points, but one of the biggest is that it goes back to 2017 in the fact the market and big coin was abused at that time. it wasn't just misused. it was abused by people who wanted cheap money. they wanted to jump in, you know, at 15000 and then watch it, you know, in 2 weeks later, see it now be worth 17000. that was the expectation. and a lot of people got burned by that, but i don't believe that they were burned by because they were burned by something called greed. greed drove people to jump in and decide that this should think should be worth a whole lot. instead of staying the course and by the way for right now, at 17000, and it's going to only go up from here, i believe, and it will come back down at times and then continue to go up and down. but for those who are getting in today, if you're one of those people watching and you're interested in doing this,
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understand it needs to be an investment, a long term strategy, not a hey, if i get into day it better be worth more tomorrow than it is today we don't get into anything thinking that it's going to work that way and certainly not quite. so you need to be able to treat it, at least with enough respect to get into it, and have a long term strategy of watching the development of the corn and watch it grow over time. the other thing that tells you it's different the last time around. if you look at the old coins, what's happening with the theory i'm in with bitcoin cash and a lot of these other like light coin and some of those alternative points. what you'll find is they are not rising at the same rate that they did 2017 while big question is, well interesting, you say that the next stop for a bit coin is higher, a lot of analysts are predicting it can reach 22000 kristie. do you agree? do you believe that i'm people need to obviously invest that much like that? not in a temporary form, but more in a long term. you know, definitely i think i think wind is going to get to 22000. i don't think it's going
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to stop at 22000 of that. so you, me so sure. i like that said my kids already have a little bit of correction here and there, and that's why a healthy, well, they're going to drop out of france where and regain its life again is perfectly normal. and i really don't think it's just going to stop or 20000, it will keep going because there is a lot of momentum and a lot of children. i know. so i mean if we can just funding rates, those are still neutral, which means that there's still a decent balance between buyers and sellers. so the market isn't really over yet. the average family rate is still just whole right around point 01 percent, which is the war. and then the most important thing is that these buyers, this time around, like ben said, there are not speculators, you don't, long term holders. and we know that because the latest survey showed about 125000 big plans have moved out of the exchange star cast much. this outflow on the exchanges shows that there is no desire to sour or split or trade, radically off exchanges to co-write origin or another. opera long term especially learned was that it took her people who actually want to invest and the long term
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and really know the big market boom bust co-host christiane bent on. we appreciate you coming on to discuss this time now for a quick break. but when we come back, a number of airlines are hoping to use rapid coba tests to help protect passengers during their holiday travel. but a new report is shedding doubt on the plan as we go to break here, the numbers at the club are so, so a
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new gold rush is underway to strike it rich as children between gold was very poor. i thought i was just the strongest appeal.
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the c.e.o.'s of facebook and twitter were in the hot seat once again in a senate hearing over how they chose to handle content related to the 2020 election . this includes, of course tweets from president trump and whether they should have been taken down altogether. well, arty's, not just the latest. rachel, what do we hear about these social media platforms from them and how they handled the election? well, there was a lot of division, specifically between democrats and republicans and how they responded to these new policies that were introduced by facebook and twitter. on one hand, you had republicans saying that they went too far with the restrictions that they added to content that they said was false or misleading. and then on the other hand,
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you had democrats saying that they didn't go nearly far enough. now one of the topics that came up were, of course, president trump's tweet since the election day. and the fact that he has repeatedly tweeted saying he won the election or saying that it was rigged. and twitter's choice to then put labels on those tweets or to restrict access to them, instead of taking them down altogether. take a listen to what was said. i guess you see my concerns are that these tweets arouse people. and it seems to me that the entity that runs this operation ought to have an understanding that when there is a major situation, that the tweets can play a unique role. our policy is focused on misleading information around the election and to provide greater context for mission. now, endorsing event went on to say that he sees value in leaving those tweets up. but
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that he wanted to add some extra resources so that people could go check out additional links to other information about what was really going on. what was said, we've heard a lot about section 230. what was said today. we know that a lot of these, these 2 parties have been in agreement about that, is that still the case? yeah, that really was the one area where they seem to be able to still come together was in their criticism of section $230.00. and you know, we're talking about a provision that shield social media sites from the liability on the content posted by their users. so of course, there is that frustration with facebook and twitter when they decide to take actions against their users. and you have a lot of lawmakers saying that they are able to take that action but not have any responsibility behind it. now that then turn into a conversation on whether sites like facebook and twitter have some sort of blacklist where they put users that they target. take us know is that, is there a list of every user were every content creator who has been deep platform or had their contents reach,
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altered or have had some other adverse action taken by either facebook or twitter there? i'm not aware of anything like that exists certainly one of our we take an action that's recorded somewhere. you know, now there was a lot of criticism of section 230 specifically, but there weren't as many solutions presented. and there also was a lot of talk about some of the negative things that could happen if section 2000 is taken away altogether. and facebook too has been criticized for whether it is that a platform. is that a publisher? what was what was said during these hearings? what, what was there was response was, especially with the timing in the election. you had that conversation come up because you see facebook and twitter and they are presented as platforms where you and i can go and post content. but then you also see that added pressure towards them to police the content to make sure that there's no misleading content actually around in the election. so that was a conversation that was taken up. take a listen. what was that? we're,
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we're simply linking to conversations or information. no, no, you're not. you put up a page that says, quote, voter fraud of any kind is exceedingly rare in the united states that's not linking to a broader conversation. that's a disputed policy position. and you're a publisher when you're doing that, your title to take a policy position, but you don't get to pretend you're not a publisher and get a special benefit under section $230.00 as a result. now of course, is not the 1st time we've had this conversation, but it's still not clear yet if congress is going to actually do anything to make sure that these sites have to be labeled as publishers. instead of getting to be labeled as platforms as they are right now, and it definitely won't be the last r.t. correspondent, rachel levin. thanks for following this. thank you. holiday season is just around the corner and with the recent surge uncovered 1000 cases, travel is expected to drop. significantly. aaa is anticipating a nearly 10 percent drop in airline travel nationwide. the biggest drop since 2008, many airlines are relying on these rapid cova tests in an effort to boost our
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confidence. but is this enough to answer this more, we are joined by captain to hear from the allied pilots association representing the pilots of american airlines communications committee chairman a.p.a. industry analysis committee. thank you for being with us today. i. let's get right to it, and i want to ask you about these rapid testing kits. many governments are now worried about the accuracy of these are medical personnel handling these testing crackly, or are these tests just an accurate i'm a pilot, i'm a kept on airplane, not a doctor, or a medical professional, but we all are following this news. we have probably family members who have gone through what kind of tests they had and trends. so it sounds like the efficacy of the rapid test sometimes, you know, is not as is full force is the p.c.r. because what they're called. so you've seen american airlines just announced today with, with one of our partners, british air in order to get traffic through london of coming up with an innovative program that has p.c.r.
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testing and has some level of testing when you get there. but getting to the core of it, as we've said many times before, and i think we've crossed over to the fact that people she'll safe on the airplane they should because of the air flow, the mask and things that people have been braced. it's getting to where you want to go in case of international and even in why they have these pre-testing so that the quicker we make reliable in a system that people can be confident in as well as the authorities that govern these various nations or the states the quicker we'll get back to the slope of the recovery, which with the vaccine it's going to take some time. but we're definitely seeing the proverbial light at the end of the tunnel and it's not a train coming at us now. and we've only talked about this before, the consumer trusts and how airplanes are filtering to and are being cleaned now more and better than they have been in the past, the holiday travel is expected to to drastically decline this year. many airlines. they were hoping for some sort of recovery during this period because of this. but
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how much more is this going to hurt, especially without any stimulus? are we going to see more layoffs? or you just, you just hit the, the nail on the head and it hurts your not your statement, but the real reality of it. we have 1200 pilots out for a little 19000 total people at american airlines that are for about another in lines have similar circumstance. we have another several 100 that will be going out the door december 1st. so it's happening and that not only as a human toll, but it will weigh on the recovery. and it's clear by people's behavior, look at the market, look at the way people are acting and ready to get back at business, but they want to do it responsibly. and i can assure you that when they believe that they can move about their communities, we have the specs seen and we go through that process that if the airlines are not up and running, you can't just fly the airplane while. she's me build the airplane while you're flying it, you know, trying to build
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a brick wall while there's water coming at you. and this is good water. this is all the metaphor. so they're the bottom line is we've got to get this cares. act extension. i know the election had some rightful distractions, but whether it's lame duck or it's the, the new congress, the bottom line is we need this. now. we need this now or we're going to risk all the previous investment. and that's something that both parties were looking at to get the airline industry the all the help they can get before more layoffs occurred . unfortunately, there were a lot of destructions, much like you said, but with this vaccine news as well, we know that either way it's going to take some time for that release and it's only going to be a matter of time months if not, maybe years before people are actually comfortable despite what we hear, that there is no data actually showing the airplanes have caused these breakouts of coded. i want to go more question before we run out of time boeing $737.00 max. it's actually still grounded earlier this month. regulators have said that they are nearing this final review of the planes, but several customers have already canceled more than 400 orders of those planes
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and boeing's rival, airbus gained about $308.00 new orders during that same period. boeing stock obviously has rallied around 25 percent falling positive vaccine news, but is boeing going to return to business as usual? vaccines are distributed and people begin to travel again. well, none of us should be business, as usual. going to addressing the macs, the certification process generate in their craft that that was unsafe and missing, jr. didn't take into account human factors pilots. and if you, if you look today, the house is actually reviewing a bipartisan bill with which we've supported, as along with other pilot unions and flight attendant unions. mechanics. it gets said, it reads like a rap sheet of the max and how was delivered to us. so it is addressing all of these concerns, bringing in human factors, real line pilots, ensuring that there isn't financial incentive to drive point a manufacturer to not training pilots like we, we've learned in the max that was one of the goals for an expense and
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a cost of the airplane. so if you look through that, that is exactly the type of solution we must have. and we applaud those legislators i'm told cites for taking those steps. we've got to see that legislation come to right now as a perfect time for it because we can never forget and this must never happen again . and it starts with these reforms today will be saying what happens the next couple weeks. as a 737 max is scheduled to start these tests again by the end of december captained on a stage, or we really appreciate your time. always a pleasure talking to you. thank you, sir. that's all for now. catch, you must, on demand on the portable t.v. after time greater transferred to exacerbating alarming everyone who mindlessly actually what that means is we end up making. so you should be sent
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along, but actually do very little. it's just a kind of fuel, instead of be job money atop the controversial new law of beefing up the country's knocked out power was thousands out in full. so putting it on constitutional protests turned violent in some woods, a majority of 19 vaccine, according to a government polled, the all says yes, well, one senior m.p. warned zante boxes could be banned from all places and you've been public transport . we discuss why the full senate vote soon on a nation is the right way to go. it can go to the right speeding things broke. the.

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