this is the one business show you can work from. their minds are still going to washington. coming up, the united states finds itself locked out of the world's largest trade deal, putting pressure on europe and an incoming biden in the street. will discuss with economics, professor richard 20 months later, the f.a.a. is ungrounded, troubled. boeing, $737.00, some airlines say it will build a month before it was built for regular flight. we have a lot to get to another big announcement this week for the coven $1000.00 vaccine. on wednesday, pfizer and biotech said they concluded the final phase 3 results data. now showing the vaccine is 95 percent effective. results showed the final phase 3 trials reported at 170 cases of covert 19162 of those who got the placebo and only 8 who were c.

of the vaccine. 10 of those cases reported severe symptoms. 9 of them in the placebo, and only one who was vaccinated. data also showed a 94 percent efficacy and people older than $65.00. this is, a group with higher risk of severe illness. bizer chairman and c.e.o., albert said the study results. mark an important step in this historic 8 month journey to bring forward a vaccine, capable of helping to end this devastating pandemic. bizer shares jumped 3 percent in premarket trading while biotechs surged 6.2 percent. the company said they plan to file for an emergency use authorization to the f.d.a. within days earlier this week, china and 14 asian pacific countries signed the regional comprehensive economic partnership. this is the world's largest trade agreement. the r.c. e.p.a. includes australia, china, japan, south korea, new zealand, and 10 other associations of southeast nation men,

berth. this will help the region lower tariffs in an effort to help the already struggling countries all due to the pandemic. many say the deal is a huge geopolitical one for china and a huge blow to the united states. for more, let's bring in host of economic update and author of sickness is the system. professor richard roth. professor good to have you as always and we've, we've discussed here and boom, bust this deal earlier this week with christine, but i want to get your take on how big this deal really is. well, it couldn't launch the little terms. an economic 1st economic conclusion, or roughly 30 percent of the world trade and one. so we're talking about roughly a 3rd of the global economy as just yeah, they like to do something really good for all of them. namely, the lower tariffs, the opposite of what the trumpet, ministration did to lower tower. it's so that they can rate among one another

without i would act as all the respective governments. the whole point is to encourage trade among them. their economies grow like grading with one another, and that's right that they could include not only places like vietnam and china, but likewise places like australia is a testimony to their having overcome all kinds of political disagreements to do something they will help their economies. and at a time when the united states was growing from alliances and committed to be exact opposite, namely raising. so this is a time when these countries are really need it most, i mean, even the united states could use some help with this. we're talking about about a combined 26.2 trillion g.d.p. . that's an unbelievable amount of money. i do want to ask you about the senior european union was maker manfred weber,

who told the south china morning post. if we look at the new china pacific trade, agreement, the r.c.p., europe, and the us should see this as a wake up call to join forces. is he right in this? and do you see europe and the united states doing something coming together moving forward with us? well, i think you've touched on one very, very important point. i think this gentleman in europe is a trade and he's a trade in the way that many of the leaders of europe, or will be europeans, be in what will. and will biden administration make all the chair to china to develop a different kind of collaborative relationship rather than the confrontations that characterize the strong period. if so, all those 2 countries, the united states and china could work out agreements now including this orgy to eat. a rage meant it to make agreements that put your up at

a disadvantage. the europeans are afraid. they have a lot of trouble getting together. and now they see all the rest of the world, good men who are leading them out. that's the real steer. and you could hear him literally say in there, are it in the morning. oh say that they want to close up their relationship with the united states, of course. see here, they might be left rightfully so here this day obviously is weakening. the united states influence in the region and one way, while this push president elect joe biden met to rejoin the transpacific partnership, the one president trying to put out of an end 2017. yes, it may push him in that direction and may not. but even if it did, it's not clear that the rest of the world is willing to make anything like the kind of deals they would have made for trump. this is extremely important, not because of the particulars of the truck,

but mr. trump broke relationships with that part of the world with many countries in many parts of the world. you know, in polls, arabs that his country's economy and he who celebrated the nationalist turned in the united states of turn inward. and the business community of the united states, let him do that. we did not break with him, and he's now gotten more votes. and the rest of the world is beginning to wonder whether it's safe to go in or we're meeting in the us with the united states, given the strength inside the united states of a kind of society turning away from the world. and in the on itself, the professor, well, it looks like under a biden and remaster, a sham. we probably would see tariffs remain in place and doesn't look like he'd go any easier on china. is very possibly a way that he can somehow alleviate some of the tension though between the world's 2 largest economies. well,

i think he has to do several things. he has the guts wave, the world that he really is somehow different that he's not going to play games with terrorists. he's not going to hug after chinese companies, executives and block chinese companies from functioning. i want reminds local that mattered in china that he threw to the leader of china as a quote, son. during the campaign, this is, as you might as well of the best way to cope with a friendship, he's going to have very different commitment. that's what it will be any less with the united states built in uterus, but they're going to be focused as this agreement shows on believing your own relationships and the united states will to a new shrinking it's, there's a lot of work to be done in that region, especially with that with china,

hopefully president elect joe biden, can have some sort of unity in the region, and especially with, with china, professor richard off as always, thank you for your time. thank you, sir. mark of a story out of denmark where the country's prime minister is facing calls to resign after giving an order, months ago, to call the nation's main population. well, the order came weeks ago over concerns that may be contributing to the rise of coven 1000 cases in the country. and there may be a mutated strain running through the animals that could potentially harm the efficacy of future vaccines. joining us now to discuss an investigative journalist, ben swan, ben already denmark's agriculture minister, has resigned. why is this such a huge story, such a huge deal in denmark? well, it's a huge deal for a couple of reasons. and the biggest reason is that the order that was given to coal, and that's the word reducing c u l l 2 coal. for folks who don't know what that means, it's the extermination of the entire population, essentially in denmark,

that's what the order was, was an illegal order, that's kind of the point here. so the order originally started with the agriculture department, so we hear, but it turns out there's been a number of investigations over the past few days that show that the order actually came from the prime minister herself, who made this order. that's why it's such a big deal. it's an illegal order that essentially would have had the military and police exterminate about $17000000.00, meaning that belong to $1100.00. farmers in denmark didn't. mark is one of the world's largest population of meaning. and they would have essentially gone through military and police and exterminated virtually all of those animals. well, so the agriculture minister resigned, but now there are calls for the prime minister to step down to the pm says that all of this began that and alone with the agriculture ministry, do you buy that right? no, not at all. and that's, that's the point that the prime minister is saying, it's got nothing to do with me. it was in the legal order,

but i didn't make it. but in fact, the prime minister did make it, in fact, it was made this order was made by fredrickson on live t.v. on november 4th, how do you say it begins and ends with the agriculture department? when the prime minister went on live television and gave the order for the extermination of the entire me population. and these farmers, i mean that's what's so crazy about this. there is that now the prime minister is retaining all i had nothing to do with it. it was an illegal order that she gave, and she did it on television. how do you walk that back? i have no idea. well, ok, ben, let's look at the other side here. right? right. there is a concern, obviously that it a strain of covert 1000 has mutated among this population and could, what if actually harm the efficacy of these future vaccines? yeah, well that, that is the concern. the problem is that it doesn't match up necessarily with what a lot of scientists are saying or what the w.h.o. was saying. in fact, the united nations came out and said, we are a long look, quoting here, quote, a long, long way from deciding whether or not this mutation may have any implications for

future vaccines. so the idea that, oh, we have to exterminate 17000000 mink in denmark and by the way, it's not just to market in belgium, it's in sweden, it's in right, a number of these countries, right? the idea that you would exterminate the entire populations of these animals simply because you think maybe in the future, the efficacy of a vaccine that's not even been determined to be affected yet that ultimately that might become an issue. so you issue an illegal order, and even dr. anthony fauci here in the u.s. said, yeah, you have to watch it, but there's no indication whatsoever scientifically that there's this mutated strain would change anything with vaccines. so it seems like, you know, the prime minister in denmark are way ahead of herself in the sort of, we're jumping the gun a little bit. 7 countries might, like you said, actually have the variance in clearing the u.s. which, but again, we don't know much of obviously this is affecting a situation under that national confidence and government. right?

absolutely. as you know, back in june about 5075 percent of the country trust of the government this week, a new poll shows only 50 percent trust the government. so in denmark, because of this order, because of the fact again that you have these orders being made, listen, it's a problem in denmark, it's a problem here in the united states. we see it all over the world. the world leaders get up and they make these great proclamations, that they don't even have the legal authority to do when they act as if, because of the word coronavirus. that old rule of law goes out the window and they have the authority to do whatever they want. and one more note here, and this is a little bit off, but going back to the original story you did today about pfizer and, and the vaccine. the fact is, this modern era and pfizer are both leading the way on the vaccine. they say 94 percent, efficacy 95 percent efficacy. but here's the problem. nobody has had a chance to actually look at the data and determine whether it's true. so for everything we know is based on press releases, so the more information we can actually get, rather than media, just jumping on press releases that caused the stock to rise in the executives sell

that stock. i think we have to get to the actual data and see that you know, so we can think and pfizer is supposed to be turning in the paperwork and filing documents to the f.d.a. and days. so hopefully by then we'll have the data and not, i mean not that the f.d.a. will make the best choice here we're looking at some new technology, but i mean there's, there's, all we can do is look, look forward to the data coming in. come in the next couple days, but most co-host of us a good journalist, been so on. thank you. as always. so thanks. the longest grounding in aviation history has finally come to an end. the u.s. federal government has given the boeing $737.00 max, the green light to fly once again, but some are concerned that that might be premature. artie's alex mail of the story . after 20 months on the ground, the federal aviation administration has cleared the boeing 737 max for takeoff.

the controversial aircraft has not been allowed to fly anywhere in the world since march 2019 after it was involved in 2 fatal crashes. 346 people died in the 2 separate incidents in indonesia and ethiopia. the disasters were blamed on an automated flight control system used by the 737 max. since then, boeing says that it has been working on new measures, including enhanced flight crew training and software updates to make the plane safe . according to the f.a.a. after what the agency calls a comprehensive and methodical review, the passenger plane is ready to fly once again. the agency's chief steven dixon told reuters, we've done everything humanly possible to make sure these type of crashes do not happen again. while some international aviation authorities are expected to follow, the u.s. is lead. other countries are taking their time closely watching what's happening in the states, canada, which was one of the 1st nations to ground. the plane says it is not ready to allow the passenger jet to fly in its airspace. canadian transport minister mark our no

said transport canada safety experts continue their independent validation process to determine whether to approve the proposed changes to the aircraft. although boeing says it is committed to learning from our mistakes to build a safer future. so accidents like this never happen. again, many blame the company for the hundreds of deaths caused by its faulty passenger jets and are worried that the same could happen again. documents released after the 2 crashes in asia in africa showed that boeing ignored multiple concerns reported by employees about the plane before the incidents and that the company misled regulators. the information was described as very disturbing by the u.s. government. the u.s. federal aviation administration also received harsh criticism for giving the thumbs up to the faulty aircraft, and that hasn't changed. in a scathing letter to f.a.a. administrator steven dixon, consumer rights advocate, ralph nader did not hold back nader who lost a family member in the ethiopian airline crash,

writes the recent house committee on transportation and infrastructure staff report . on the boeing 737 max, released by chairman peter de fazio excoriated the f.a.a. secrecy its symbiotic relationship with boeing and the specific failures of personnel. this week, the house of representatives approved reforms to the government agencies aircraft certification program, while more than $400.00 orders of the boeing plane have been cancelled and dozens deferred. the latest f.a.a. order allows boeing 737 max commercial flights to resume and deliveries of the plane to continue before the end of this year. for r t m alex my luggage time now for a quick break, but when we come back that point angle of continue their 2020 rise, some say it for fine and the 3 are bracing for upcoming inflation. we'll break it down with our expert panel standing by and as we go to break here, the numbers are pretty close.

the results of the u.s. election cycle has surprised many. there was no blue wave and the g.o.p. is games all across the board. both parties have deep internal divisions, and the court is in both parties face populist challenges. is this the perfect recipe for a political realigned? greater turn bird is a symptom exacerbating and alarming everyone. fortunately, what that means is we end up making a lot, but actually do very little tricks

because money is something from the 20th century, the 19th century in the 18th century, and mediated by the price of perfect perfect perfect market maker between risk and reward. between now in the shilling, join me everything i'm show business.

once again, it appears stocks are coming down from that surge over positive vaccine trial data on wednesday. afternoon. stocks are raced earlier gains. this comes as uncertainty regarding stimulus remains high. we're also seeing, look at will looking at just the reality of just how complicated and expensive it will be to roll out. these are seen. so for more on market reaction. kristie i an editorial director at the american institute for economic research, jeffrey tucker. jeffrey, let's start with you. it is after the elections and the worst still, and the deadlock over this 2nd round of crown of ours relief to help all the unemployed. the millions of americans who are struggling with their businesses is stimulus even still on the table. now, given that apparently these 2 vaccines have resulted in more than 90 percent efficacy. you know, washington isn't complete chaos right now. the whole place is,

is broken and shattered and nothing can get done. we've got a white house that has lost all interest and legislature legislation is still fighting the election battles. and the partisanship is absolutely hopeless and, and i don't think that people, washington, actually care that much about what's going on in this country. you've got, you've got hunger, you've got food banks with long lines. i mean, even in some of the breaches areas of this country, you've got food banks with people that can't keep up with all that the distribution . there's a depression and sadness of businesses shutting down by the day already in new york . today, the schools are closing again. so sinks just keep getting worse and worse and worse in this country. so i don't think there's any chance for this, for a spending bill to come out to rescue people. i don't believe. and even if it did a 2nd, do anything to stimulate the economy is a big difference between a giant spending bill and something that's actually going to provide economic

stimulus. i don't, i don't think even the best possible bill's going to stimulate this economy. and i think all the sudden people or washington forgot that the american people are still struggling much like you said, but new plans for the food bank have grown and are still growing. and we're still thinking close to 1000000 filing for unemployment every week. kristie u.s. stocks were obviously choppy on one day as investors remain hopeful on that positive vaccine news right in the front that could result in a smoother economic recovery. but is it a little too optimistic given the rising number of, of zombie corporations in the united states. now, you know, we talk about the rise of the zombie companies at the onset of kroner and how these are not on buyable firms that are adding to the us this rising corporate debt problem. so zombie firms are highly indebted and continue to incur losses, but they somehow manage to stay alive and continue to operate with the support of constant stimulus and loans. they actually add very little value to economic

prospects. so like on a day like today when small caps were originally hitting a bar high earlier this morning, that's actually hiding the fact that according to bloomberg over 500 ration in the russell 3000 are and act now be corporations. so zombies now account for nearly 20 percent of all large. she was public companies. now this includes well going carnival delta airlines. exxon mobil, macy's, many of its legacy mean to all becomes obvious. they aren't earning enough to cover their interest expenses. so now the big question is, how can we bank on an economic recovery when all of these companies are simply barely hanging on? and so if you argue that yes, it's a good thing to have barely functioning corporations because at least employs people. well, that's not really the case because even if the millions of workers employed in dead end jobs, they become a huge drag our economy because they asked it's tied up in companies that can no longer afford to invest and build and a business. so right now in the u.s. we have entire zombie industries or major u.s.

airlines have become zombies in 2020, with it from my 120000000000 dollars worth of debt. so the threat is not doing everything in its power to keep these arms from collapsing, but it's become increasingly evident that a couple sectors are going to require radical transformation in order to survive. looks like especially airlines, much like you're talking about this is the holiday season and we're not seeing an increase in travel at all. jeffrey and investors are now betting that a rebound is not going to spark a jump in inflation. what do you think? especially considering that all these firms now are jumping into gold and d.t.c. as an unplugged inflationary hedge. right, and me to see has an advantage of a goal because frankly, it's electronic and it's much more fundamental, tangible and moves a lot easier. so i would say b t, c, bitcoin, at this point is getting all the benefit from the search for a safe haven. you know, during lockdowns become continued to work. people are more and more confident and

that there's another factor too, because it's actually easier to get now than it was 3 years ago during the last run up. this reminds this run, it feels a lot like 2017 december. but it's different now because people can just go down to their local convenience store and buy all they want at a, at a quite a premium. but it's one of the available. i was looking at the data on, on exactly where all these purchases of the spending is in the movement and on it coming from. it's all over the world. i mean, you know, probably 40 percent of the united states, but it is distributed all over europe and japan and all of the all over the planet . and you can't really say that about gold as for the prospects for and for inflation, of those 2 forces at work here money. and if the flooding of the economy with by central bank created money all over the world does seem very inflationary and pretty darn scary. on the other hand, on the other hand, you see a dramatic rise in the velocity of money and

a tremendous downward pressure on prices from what has really amounts to a continued economic depression. so these are the 2 things that are working against each other right now. so it's really hard to predict. on the other hand, whichever, whichever you're looking at, it looks like cryptocurrency is, are a pretty safe bet, especially, especially since, you know, you don't know what's going to be happening in stocks. and that's absolutely crazy . i know we talked about this, i guess the other day, but it's been a really long 3 years we're thinking, you know, possibly possible all time high traffic when yeah, absolutely. we are going to some all time high and it's really exciting because 3 years ago after the epic collapse of the crypto space, many of the so-called experts kind of left it for dead claiming that it's too one's name or too volatile, too unpredictable to be any true story of the out. well, that's actually too bad for them because big quite has not emerged as dean to most powerful momentum rally of the year. and unlike the momentum stocks,

which crashed last week has actually seen its volatility climb. so it kind of all tell us now close to 3 year mode while still making a very low correlation which is amazing for all that. i like the money like we had we'll probably see him going to higher ones christi i, jeffrey tucker. thank you both. so much for time today. that's all the time we have for now, but we'll see in acting i was always on the bull, but i personally like big city bright lights. you jump, but you know, g.'s and many dangers of the rest of the cocoon. to blatantly to it's

also a city where up to $300000.00 crimes are committed every year for the last, when they built the new mosque, it's still through the reserve least one police officer, effectively 200 residents in russia's capital cost on the list. i think we all put in a little truth that i will not go with the wind up toy soon. or the 5th muslim who would have to last is your media a reflection of reality in a world transformed what will make you feel safe?

isolation community, are you going the right way or are you being led? so direct. what is truly wants is faith in a world corrupted. you need to descend to join us in the depths or a mate in the shallows. elderly forward to talking to you. that technology should work for people. a robot must obey the orders given by human beings, except where such orders would conflict with the 1st law show your identification for should be very careful about artificial intelligence. and the point is to face trust. if you're going for a serious thing with artificial intelligence,

will summon a robot must protect its own existence. as during the vietnam war, us forces are also bombs in neighboring laos. there was a secret war and for years the american people did not know until our fellow, my skin 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 thing going on a canal, it's happening there. even today, kids in laos full victims of bombs dropped decades ago. is the us making amends for the tragedy in laos? what help do the people need in that little land of mines?

germany adopts a new controversial law beefing up the country's lockdown powers. thousands are out in force though, calling it unconstitutional as protests turned violent in central berlin. the world anti doping agency blasts, the u.s. for double standards after the senate backs a bill to jail. those behind doping in sports, but america's domestic leagues get a free pass.