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montecito going to washington coming up despite more positive vaccine news. markets are reacting to a surge in covert 19 cases and uncertainty around the us. elections are that if high prices are still high, we'll explain how people are turning gold loans. it's a booming start. people rely on borrowing for their financial needs. we have a lot to get through to, let's get started. more positive vaccine news this week. as preliminary results from the university of oxford astra zeneca vaccine produced a strong emunah response in older adults. these early results were published in one of the world's top medical 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 bill was the 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 or 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 exceed in place. so there will be meet yes, but i think it'll be early next year in the stock market. and we're already seeing at some of that bounce back. but then tack tech sector 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 to the unemployment numbers that came out and there is a 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 stay number 30 again because of the increase and coburn, 1000 cases were 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 that as we get further into this through season, the 2nd wave is going to be more apparent and stricter lockdowns emergence or 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 holiday season or so this week easy. and it's all the biggest surge in jobless claims. and it's continuing claims. have continued to 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's 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 standard or those who have stopped looking for work. so the real unemployment rate in the u.s. may already be relevant from 6 percent. well 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 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 mike 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 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 will 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 it. anything is going to happen the next few months. kristie, despite thing a quicker akari from a pandemic. china is now borrowing at negative rates. what do we know about that? so china actually finds itself in a very coveted 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 forecast to expand about 2 percent 2021, point 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 oh, china has sold the nation's 1st, met you only saw vermont on wednesday, a very strong order book from global investors. so as 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 cold overhang. and it really also show that global investors, they're still under exposed to china after rushing to pull out rescue after a barrage of attacks from trump making the entire department 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 relying on borrowing through banks and other sources to fulfill their financial needs and the pandemic. they're turning to gold loans, it's 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 1000 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 pillow, support for small businesses and households in need of emergency short term assistance. so you always hear about who 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, and quarter to emergency financing to make you stretch on until the next paycheck. so joining the pandemic this year olds have increased by over 30 percent in some places like india, who is basically meeting the old long 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 collecting and disperse that. so nowadays with the higher voltage, i suspect the forecast today is this greatly benefits the constraint to me. is there anything worth your more an important time over and meanwhile,

do 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 change course of turner. i have to keep in sounds. well, michael, what do you make of this goal? the lending market is as 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 pay 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? chairs 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 a 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, 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 that 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, 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, there was certainly a surprise. i mean, it was coming in the past couple years have been kind of marked with trade up. keep will a pandemic induced 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

talk 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 were treated. so it looks like that reality is slowly coming as we see investors and businesses dealing more and more with the euro. so currently at the ranking stands last month, the euro was all about the dollar and the japanese, yet, the canadian dollar over china's army, even this bit 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 gamed. butting however, i don't think we're quite there yet. the dollar still remains the top currency 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 official foreign exchange reserves, which is doubt significant range from its peak,

but it's still have the number less. 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 make, i don't know why i would make any sense for them to do that treaty inducted in dollars when they can use renminbi or you're on you or you are on. and, or even the euro, so it just doesn't make any sense. dollar hedge, amaury, by the way, has been losing 40 for many years. and now we're starting to accelerate. well, probably see it continue to accelerate. and the 1st table future, michael pentode of pentobarbital strategies. but with co-host, christine, thanks for joining us to break this down. time now for a quick break, but when we come back back to the canadian court facing extradition now in order official testified that it was a work of pedia article which caused him to question let's play next. and as we go

to break here, the number is greater, transferred to say simpson, exacerbating an alarming everyone who mindlessly actually what that means is we end up picking solutions that long, but actually drink very little. it's just a kind of join me every day on the alex i'm i'm sure i'll be speaking to the world of politics. i'm sure i'll see you then

l. look forward to talking to you all. that technology should work for people. i 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 official intelligence. and the point, obesity is to trace evidence here on various shots and with artificial intelligence will summon the demon obama's protect its own existence as a mixed the extradition trial of was always chief financial officer. so 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 a 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 bunce, 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, centrally. what they're saying in, at its core, what they're saying is look 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 main ones always had the candidate. 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 they're making. 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 play nice. 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 because it's 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, why 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 freilich, 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 freilich. 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 6 is just one part of nearly 3 decades of research. we know out of the only city, you know, we don't see it only in the cincinnati seems to really ensure going to make, she says, and she retreated to see 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 to can really cause resentment. i do, you know, jealousy, cruelty and human in some regions. so they can find a solution to shrink times 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 in the force. it's also related to the accumulation of heat in the oceans. so these 2 elements together make the product of sensitive 6, very relevant for a focused society. aside from gauging the affects 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 sentinel 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 myla. 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?

a new gold rush is underway in ghana. thousands of ill equipped workers are flocking to the gold fields, hoping to strike it. rich is a good as those that work, children are torn between gold and education. my family was very poor. i thought i was doing my best to get back to school. which side will have the strongest appeal during the vietnam war, u.s. forces also bombs in neighboring laos. it was a secret war. and for years the american people did not know until our thelma 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 going to concerts happening. even today,

kids in laos full victims of bombs dropped decades ago. is the u.s. making amends for that tragedy and help to the people need in that little land of mines was always on the ball, but up especially big city bright lights, huge opportunities and many dangers because of the risk that the globe with. and it's also a city where up to $300000.00 crimes are committed every year. for the most, when the new mosque, it's filled to the reserve least one police officer for every 200 residents in russia's capital in a tree that i will not go up boysen. you know, the truth is i'm going to most

top a straight and figures, including a former prime minister condemning reports of the country's soldiers, tortured and mugged, and dozens of off council finnegan's. we look at how the war on terror created its own full of terror. also the french complex rally against a pound on religious gatherings during the long cases, one washing pointed to disturbing historical parallels in french history. this isn't the 1st time that going to mass has been.