journals the lancet. the study consisted of $560.00, healthy adults to 40 were over 70 years old. the vaccine proved to be safe and produced similar immune responses across all ages consultant and co lead investigator at the oxford vaccine group said, we hope that this means our vaccine will help to protect some of the most vulnerable people in society. but further research will be needed before we can be sure. late stage phase 3 trials are still being conducted on thousands of people around the world to show the vaccines efficacy, you know, those results are expected by christmas. despite the positive vaccine news, markets remain pretty flat on thursday. dow futures pointing to a declining to extend its losing streak to 3 sessions. unemployment data also contributing to those losses. a surge in coven 19 cases across the u.s. . it's really weighing heavily on investor sentiment. so for more, let's bring in guy and founder and chief market strategist of the technical traders

dot com, chris from elan. chris, let's start with you. it seems that despite all of this positive vaccine is because we've practically heard it every day. this week, markets remain sort of stuck at these levels and covert 1000 cases. still surging. is this something we should expect to see these sort of patterns for the forseeable future? i really think the market got a little over extended that i've really are this year in september. and if i want to put in that high in september, we have got as much needed was in the overall stock market. and really this multi month sideways consolidation really is a pause at this point because i do think the stock market wants to go higher. we're going to have more stimulus eventually that should push these markets to new highs . once again, we do have the holiday rally coming right around the corner here for us equities. so i actually think the market has just taken well deserved breather. and i actually didn't really continue to see this market move higher. and i think the leading sectors that we saw this year, like technology,

even solar clean energy. i think those sectors are actually going to continue to do very well, especially going into you know, round 2 of code that we're going to get into the prime cooled once word spreads very easily. we've got multiple holiday seasons coming up, were people are going to get through social. so i think we're going to see a rally going into the year ends and the markets are primed and ready for it. but i do think we're going to have that 2nd wave a little bit where eventually the stock market prices will start to riyadh and realize, hey, we've got a vaccine. that's great, but it's not going to stop wait 2. and we're months away from getting any of that exceeded play. so there will you meet us, but i think it will be early next year in the stock market. and we're already seeing at some of that bounce back. but then tack a tech sector. it is doing pretty well, but again, much like you said, a lot of volatility remains until that vaccine is actually accessible to the public . now kristie, let's turn on the unemployment numbers that came out on thursday morning. the labor department showed those numbers rose to 742000 last week. this is the 1st increase

we've seen. and about 5 weeks now, are we going to phoenix number 30 again, because of the increase in encoding 1000 cases, we're saying yes. and i don't think this was a surprise to anyone given the daily number of surges in new covert cases every single day. so unemployment is actually like an indicator. so we've been saying for weeks now, as we get further into this 2 season, the 2nd wave is going to be more apparent and stricter lockdowns emergence are parts of the nation and businesses are forced to either reduce capacity and or operate hours. we're likely to see more unemployment furloughs to the holidays. so this week you see an assault on the biggest surge in jobless claims. and it's continuing claims. have continued to fall data show that americans have been transitioning and rolling on to the pandemic emergency claim. and step, so that decrease has pretty much been entirely offset, so that aggregate number of unemployment claims still remain above 20000000. and

that actually just a conservative estimate, because remember at the unemployment rate is artificially depressed by excluding the people who might be earning just a few dollars a week, way below living standards or those who have stopped looking for work. so the real unemployment rate in the u.s. may already be relevant for a successful and chrystia you mentioned it might as well be a lot of benefits are being lost that actually on december 26th, a lot of these benefits are expiring, correct? correct? yes. and so basically this time, the unemployment level going into year and we're going to see significant increases in unemployment. we're going to see not instead of consumption levels this holiday season, we're probably going to be going into the worst holiday season, which also means less for hurst, less deliveries over workers in the country's highest earning industries. they are seeing a quicker job recovery. it's only a 2.5 percent point higher than they were prepared that mic levels while the bottom

earning industries that really remain unemployed and struggling, even though they represent only 24 percent of the workforce. now those include retail, leisure, and hospitality, and agricultural. these are the non durable goods at the bottom earning, and then you have the others that are financed durable goods and professional and business services. is this a sign, the american people or the, the american people are now more than ever in need of some sort of stimulus? for sure. i mean, there's no doubt that the stimulus is needed. i mean, you look at the lowest 30 industries. obviously there are great margins as soon as things get tough, they have to cut costs, which means employees, they go out the window. unfortunately, that's what we saw a massive spike of unemployment, you know, in a relatively small sector of the workforce. i mean, they only account for 24 percent of the workforce, but 50 percent of people unemployed right now who filed for unemployment are from that sector. so it's definitely needed. obviously, there's not

a lot of confidence there. there are a lot of times lower paying jobs. these people need some type of stimulus, some type of plan to keep them going. and, you know, these jobs are also more of the social jobs be their, or their travel, their leisure, their retail people going out and buy things, and in hospitality. you know, all those things are really come to a grinding halt and really there is a really winding down get tougher to run those type of businesses in buy and do things like that. so they're in for real whoa, world of hurt if we don't get a stimulus plan that's going to support that. those sectors. is there? absolutely. if especially given the timing of all this and whether or not remain to see the stimulus come at the beginning of next year, because it doesn't look like that. anything is going to happen the next few months . kristie, despite thing a quicker akari. from the pandemic, china is now borrowing at negative rate. so what do we know about that? so china actually finds itself in a very troubled spot right now, as it is basically the only nation who is still expected to grow in 2020. it is the

1st major economy to restore production and most of the nation services. so the economy is forecasted to expand about 2 percent 2020, 5 percent next year due to increase in domestic consumption. so meanwhile, most other nations are still struggling just to contain the spread of the virus and they're in the midst of obsession. so as such, china now is essentially getting to our own. china has told the nation's 1st met, you only saw him on wednesday, a very strong order book from global investors. so asset china remains to be a compelling story and the offering was extremely attractive to investors. searching for yield, as a pandemic, has extended a period of historically low interest rates, pretty much globally. the demand demonstrated that international investors are very confident in trying to rebound story and its future developments, despite the lingering overhang. and it really also show that global investors, they're still under exposed to china after rushing to pull out rast, year after

a barrage of attacks from trump making the entire vironment very uncertain so that it definitely is a scarcity value perceived in the bonds. looks like that's what is chris her meal and thank you so much for your time today. i'm breaking this down to christy. i stay tuned because we're going to have you up in the next segment. gold is making a decline in its 3rd straight session as demand for bullion subsides, but people are actually rely on borrowing through banks and other sources to fulfill their financial needs and the pandemic. they're turning to gold loans to reach $62800000000.00 in fiscal year 2022. so here to explain the industry and what the trouble is, christiane. and we welcome c.e.o. of penn toper for strategies. michael pentode christine, let's start with you. cover 19 has resulted obviously in the significant amount of job losses. as we just discussed, people have had to rely on these borrowings gold loans now through and b, f c's, and these banks. how do these loans work?

so the goal, an industry that has been in existence for a really long time now, and they have always acted as a polish support for small businesses and households in need of emergency short term assistance. so you always hear about will be a state. there are people telling you stash for hard times, so that doesn't mean you take a gold bar and go by who, rather it's used as collateral importer to obtain emergency financing to make you stretch on until the next paycheck. so the pandemic this year goal is have increased by over 30 percent in some places like india, who is basically meeting the old law market right now. so old loans have been the preferred method because most banking institutions have recently and their underwriting wants for months, which means less liquidity for small entrepreneurs and businesses. many businesses, especially in rural areas who lack formal documentation, are relying very heavily on these old loans to secure working capital and or to restart and continue their business. and on the other hand, for lenders,

this is also very preferred method of lateral since old loans don't face major issues in collaboration and dispersed net. so nowadays with the higher voltage, i suspect the forecast today is this great leap benefits that constrain return. is there anything worth your more important time over every month to coronavirus is just a sure thing that is going to last just a few months, but given how long it stretched, many people are now on their last legs or to be changed course of the turner i have to keep in sounds a lot. well, michael, what do you make of this goal? the lending market? christie said india is obviously doing really well. it's expected to reach 62800000000 and 2022. what do you think? well, there's 2 main raps you know, drawbacks against owning gold. it doesn't take in the interest and it's illiquid. those are the 2 main reasons. people give you for not only gold? well, well guess what? guess what else doesn't interest?

j.r.'s doesn't pay interest and government debt doesn't pay interest, so you can throw that one out the window. and then there's this elite issue like, you know, my only goal. and when the zombie apocalypse comes, i guess i'm flying somebody to order my gold for chickens and a sim, whatever. but no, this is very cheap components of unlocking the illiquidity issue. now you can borrow against your gold. it can hold as collateral. you pay back the loan, you get back your jewelry in india, it's 100 percent. you know, gold there is 100 percent pure gold. so you can loan your gold there, get some money for it. and you saw that major drawback both in the actually don't exist any longer or. well, michael, how, how, basically, how are people going to find the money? are people going to find the money to be able to get their gold back during the pandemic? what you're, how they get us and the money was

a very difficult problem that they have to have it's way over $20000000.00, people unemployed in this country. so i'm not one for stimulus. you know, i believe in free markets, but, you know, we had a $3.00 trillion dollars stimulus program in 2020. that's all gone. you have the moratoriums are all expiring at the end of december. people that have been paying their rent all year to suddenly pay, you know, years worth of rent, practically. and they activate years worth of mortgages and credit cards and student loans. so it's going to be very difficult. i can't answer is a question for you. unfortunately, i wish i good. yeah. it's definitely getting even more difficult for people who are not getting any more stimulus unfortunately. but christine, moving over to currency last month, that was the 1st month since 20 their team that the euro was the most used currency for global payments. it outpaced the dollar. is this the start of the dollar as a nation? well, that was certainly a surprise. i mean, it was coming in the past couple years have been kind of marked with trade. upkeep

. will a pandemic induce recession and geopolitical tensions that have all or to reduce the share of international humans in dollars? so the u.s.d. has weakened more than 11 percent from its march against a basket of major peers. and analysts are betting further drop is coming. so we have a lot about the dollar is a show on the show and how other countries, especially china, india, russia, and they've all been trying to find a way to break free of the dollar as grass. so it looks like that reality is slowly coming as we see investors and business is dealing more and more with the euro. so currently at the ranking stands last month, the euro was followed by the dollar and the japanese. yet, the canadian dollar over china's aren't even those that slot last month. so you might see the beginnings of you guys, asian, especially right now as we're in the middle of a 2nd wave and struggling simply to be gained. putting our, i don't think we're quite there yet. the dollar still remains the top,

her unseeing with all cross border and international debt securities denominated in, the u.s.d. i mean 85 percent of all foreign transactions still occur against the dollar. and it accounts for 61 percent of the official foreign exchange reserves, which is doubt significant. range from its peak, but it's still have the number last. so i don't think we're quite there yet, but we are certainly going down that path. you know, it's like what we might be getting closer, michel, your thoughts? well, you know, the eastern bloc nations just signed a huge trade pact and i don't meet kind of know why would make any sense for them to do that. 3 inducted in dollars when they can use renminbi or you're on, you call you on yen or even the euro. so it just doesn't make ends any sense? dollar hedge, amaury, by the way, has been losing 40 for many years. and now it's starting to accelerate its own will probably see it continue to accelerate, at least in the foreseeable future. michael pentode of pent up our flow strategies

. but with co-host christi, i, thanks for joining us to break this down time now for a quick break, but when we come back while the c.f.o. is back in a canadian court facing extradition, now a border official testified that it was a pedia article which caused him to question, let's play next as we go to break here, the numbers at the club because she has money is something from the 20th century, the 19th century in the 18th century. and is being discerned to mediated or disrupted by bitcoin, which offer price discovery,

the price of big is perfect. its it mimics nature in that way. it's like the photosynthesis of money. it's a perfect price discovery. the perfect market maker between risk and reward between consciousness and humanity. it's absolutely perfect and that's why people are running to it. now, in the shilling family, during the vietnam war, us forces it was a secret war. for years, the american people did not know how much it is officially the most heavily bombed country per capita in human history. millions of unexploded bombs still in danger lives in this small agricultural country. even today, kids in los full victims of bombs dropped decades ago. is the u.s.

making amends for the tragedy. and what help do the people need in that little land of mines? what can we expect from them by didn't ministration when it comes to russia? as things stand today, relations are brought about by us or if it is replete with hard liners in your columns with a long record of foreign policy failure. could relations continue to get worse as all those in the boom, but at least national like big city, bright lights, you jump, but you know, g.'s and many dangers of the rest of the globe. atlanta. it's also a city where up to $300000.00 crimes are committed every year for the whole of the last little bit more than your mosque, it's filled to the reserve least one police officer think every 200 residents in

russia's capital cost on the wish. i didn't put them out of my tree that i will not go up boy soon because of those who would have to last 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 showbusiness. i'll see them the

extradition trial of wall ways, chief financial officer continues in canada on thursday. defense team continues to grow a canadian border agent who interrogated mainland. so before her arrest on a warrant from the united states just 2 years ago. hearings in the british columbia supreme court this week and next week there's the consist of witness testimony from canada, border security agency, and royal canadian mounted police officials. this is all regarding their conduct during a bust a geisha and even her arrest. joining us now to discuss the case of journalist, but this one who has been following this case since it all started a few years ago. bennett lay this out for us, the claim. the makings her tell us what defense team is making of the case. yes, intially what they're saying and at its core what they're saying is look at essentially the canadian police and the border patrol in canada. customs agents

broke the law in the way they conducted this interrogation, main ones over travel to canada. she was actually headed to another location. she was stopped, she was detained, she was questioned. the problem is, she wasn't arrested immediately. she was told that this was just a routine discussion. they were having just talking about, you know, typical custom stuff. her cell phone was taken away, her laptop was taken away, and both of them were searched by customs agents and law enforcement there at the airport, right, which there was no warrant for. and so what essentially the claim that the defense team is making is that all of this happened at the behest of the u.s. government and the f.b.i. that the f.b.i. and the u.s. government knew many ones always had indicated that they got these canadian authorities to conduct this essentially unlawful search of her, you know, cell phone and laptop and that she was questioned again under terms that were not legal. and because she was denied access to her lawyer for 2 and a half hours while she was questioned, instead of just taken off the plane and arrested her,

that's the case there may. well, here's the interesting new development we're seeing in that came out of that testimony as a border agent who stopped in england,, said he did not do so at the urging of the f.b.i., but it was because of what he, what a pedia article i that he had read before she apparently arrived in canada. can't find this. yes, so as you mentioned at the beginning here, i've been covering this now for about 2 years, and this is the dumbest thing that has ever been said in terms of this case. this customs agent is pretending under oath that the f.b.i. did not contact him, that u.s. officials had not spoken to him that they were there's no urging from the u.s. government to conduct this investigation. and that instead, instead that he read a 5 to 10 minute week, a pedia article and based upon that, determined that she might be a spy and might be unlawfully connected to iran and might be violating us sions in

iran. and that's why he conducted a 2 and a half hour interrogation, while her cell phone and laptop were searched. anyone who believes this, it's like i have a bridge to tell you if you actually believe the story, it's nonsense, it's kind of funny because you should know what a pedia of all sources. i remember back it was never a reliable source. after a lot of about right, but the border agent also reportedly asked some very specific questions about while, he's operations, which again he insists didn't come from the f.b.i., but that they came from that wikipedia article. yeah, the very specific question was this. during this 2 and a half hour investigation interrogation, excuse me, he asked me one. does your company do business with any countries that it shouldn't? it's a very specific and very yes question for this super sleuth who uses wicked to gather his evidence. she apparently responded by saying, i don't understand what you're asking me, what are you asking me? so he clarified and said, is your country doing business with iran?

that was the next question. and she said, i don't know. and she answered several times saying, i don't know. and as he continued to persist, she finally said, i believe we have an office in iran, that's what she responded. look again, none of this passes the smell test. it is, it is nonsensical to believe and for, for the court in canada to believe that this interrogation all took place because of all we could pedia article and had nothing to do with the u.s. government. again, the whole thing is just ridiculous. it's a little funny room with co-host, ben, so i'm sure this isn't the end of it. we'll have you back on to continue the conversation. holmes got the latest in a series of satellites that provide data on sea level changes is said to be launched this week. and the sentinel 6 is the largest satellite of its kind and hopes are that the data it collects will actually help scientists better understand how our oceans respond to climate change. artie's alex, my helmet has a report. it's an impressive piece of technology with

a very important mission. well, i'm an insurance on board and i include a jew frequency right altimeter. this is the primary instrument of the mission. and that's the one that's measuring sea surface height, significant weight height. how many speed over the ocean, the sentinel 6, michael fry like a collaboration between multiple agencies including nasa and the european space agency is due to launch this saturday from vandenberg air force base in california named after nasa as former director of earth science division, michael fry like the satellite will allow scientists to monitor changes in sea levels caused by climate change. the latest in a series of satellites put into orbit to build a picture of how our oceans are changing. the sentinel sex is just one part of nearly 3 decades of research. we know out of nearly 30, you know, we don't see it only in the sense of them seems to really ensure continuity of action. we treat this you differently from scientists involved in the effort

believe, although not uniform across the globe. the rise of sea levels is accelerating with 11 out of 16 of the world's biggest cities being coastal. this is important information. 10 percent of the world's population live in coastal zones which are less than 33 feet above sea level. north jakarta is a prime example of what happens to cities when sea levels rise. according to the world economic forum, the area had sunk by 8 feet in the last 10 years. a problem caused by excessive use of groundwater by locals. and by a rise in sea levels, blamed dog lobel warming chicken little house resulted in a team. i do, you have children and you move in some regions so that the final solution do sometimes faster than going by on. the sentinel 6 satellite will be able to measure sea levels within a couple of inches for 90 percent of the world's oceans. when it comes to the study of climate change,

of the lead scientists participating in the project says that accuracy is everything seen of only a very direct symptom of global warming. so it's very important to measure it accurately. and sea level increase is related to the melting of ice over the force. it's also related to the a communication of heat in the oceans. so these 2 elements to get a, make a deed to product of sentiment 6, very relevant for a focused society. aside from gauging the effect of climate change data from the research can be used to forecast weather map, the topography of the sea floor and to calculate flood risks. the central 6 michael fry looks main mission is projected to last 5 and a half years in 2025. a 2nd identical satellite will be launched to continue collecting data into the next decade for r.t. . i'm alex milo. bitch. that's all for now. remember, you can catch me on the man on the portable t.v. up. what's the next time?

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new gold rush is underway and gone up. thousands of ill equipped workers are flocking to the gold fields, hoping to strike it rich. as that you apply to 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 greater transferred to st. simpson, exacerbating an alarming everyone who 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 feel good. instead of the actual solutions that would fix global warming was always on the bull, but at least nationally big city, bright lights, you jump,

but you know, geez, and many dangers blatantly to it's also a city where up to $300000.00 crimes are committed every year for the whole of the last little bit more than your last, it's still to the reserve least one police officer for every $200.00 residents in russia's capital cost on law in english. and the truth is that i will not go up voicing. it was one of the most

39 civilians in afghanistan, an official report describes the republican election. officials claim that they were bullied into certifying the election results in the state of michigan through intimidation threats of violence. prime minister benjamin netanyahu. thanks washington for recognizing territories. although those policies are expected to be reversed by the next administration.