on monday said late stage trials of its vaccine came, it showed it was 90 percent effective. becoming the 3rd drug maker to report similar results of the drug which is being developed with oxford university has long been seen as one of the top contenders in the vaccine. race during a video conference call representatives from astra zeneca and oxford university spoke about distribution and how competition among vaccine developers was actually welcome. and we've always known that we don't need multiple back scenes from the world because no one develops and i will manage actually is going to be easy enough to cover everywhere. and so having multiple back scenes and basically with different manufacturing technologies and technologies that can be done, in fact, is globally and distributing it likely that's really important. sometimes to court, things are the competition. but if you're the capacity, the highs are then all of us the name of the capacity because our capacity, which is much bigger, the 3 of us don't even have enough thanks in part of directions for the world. so,

you know, we're going to have to worry how to run. most of them renewed more expensive, so there's no competition really we need as many us recounts, are we going to need so efficient number of people. so we stop this and him and meanwhile, german health minister yenta spot on monday said with multiple vaccine carriers showing good results. the country could start covert vaccination before the end of the year. there is good reason to believe that we can begin vaccinating you at the beginning of next year at the latest, perhaps even already at the end of this year. and because of those miners overall from my point of view, the important message during these difficult times is that there is a way out and we're on a good way out. and here in the us, the chief scientific officer of the white house is operation warp speed program, shared similar sentiment telling c.n.n. the 1st indications could happen by mid december after pfizer in bio in tech specs in can't, it receives emergency approval. so with all of this in mind,

let's go ahead and take a look at the trends and spread of the virus globally with r.t. correspondent saya tablature. so where are we on monday? so right now, brian cowen, 1000, is continuing to spread across the world with almost 60000000 cases. in 190 countries and almost 1400000, that's the u.s. . they have the highest number of infections in the world with more than 12000000 cases. and the spread of the virus is showing no signs of slowing down now with just one week of november left to go. the u.s. has already had the highest monthly case total. you know, on sunday we had over $141000.00 cases, which is actually likely much higher since official cowan's are usually slow to report coming out of the weekend. and while this is the 3rd wave that hit the u.s. just this year, one major difference is that this time it's affecting every single region to same time. now take a look here. so at the moment the worst outbreaks are here right here in the

midwest in the middle rural states, which had avoided a wide brakes on till recently, meaning that there were very fewer restrictions put in place. but now as conditions have gone a lot of worse states like iowa and north dakota, they've just ordered residents to wear masks while new curfews have just been imposed in states like ohio we'll and much of california. now, despite progress being made in fighting infections, the number of daily new deaths in the u.s. are also again on the rise. you know, on average, we're seeing about a 1000 people dying every day in america. and sick patients are also once again over loading u.s. hospitals in record numbers and brand. while there's obviously been some positive news on the aca vaccine from that you just spoke about specially that a vaccine might be distributed to americans as early as next month. but even if the person vaccine is authorized, let's say in mid december,

official estimate that there's only going to be about enough doses to cheat about 22000000 americans by january. since each vaccine requires 2 doses separated by several weeks. so times are going to tell if cases will continue to grow and just how many more deaths will occur before there's enough vaccine for everyone. which, you know, your point is very important that the more vaccine candidates that are out there, they're better. so there could be enough vaccine for everyone. brant, what's the situation in europe right now? so in total, europe has registered some 16000000 cases and almost 360000 deaths in europe is certainly, they're not out of the woods. they have one person dying every 17 seconds from quoting 1000 right. now, here's some of the top 5 countries right now. in the u.k., they have had the highest death toll in europe so far. and now they're in the midst of a 2nd national lockdown, but there are encouraging signs that the number of cases are starting to flatten.

so the next step there is to have a partial lockdown, which means there is only going to happen the lockdown in places that have higher cases. now, while in italy, there are daily dealt death, tolls have been the highest in europe over recent days. and they also had blood the increase in hospitals, i should say arc exactly the opposite. they're starting to slow down and day to have just some partial actions around italy where there's hot spots. then there is germany. they've imposed a month long lockdown light to contain a 2nd wave of the virus, but infection numbers have not declined in germany. so they've just decided to extend that on toll december 20th, in france, where a president and is due to speak on tuesday. the expectation there is that nonessential stores will reopen in early december, but limits on movement will remain in place for some time. now finally,

in bulgaria, after the country and forest, a very strict lock down in the spring and they largely actually contain the spread of the virus. but they're now confronting a surge in infections that's really straining, i should say, and already very underfunded health care. and you know, just over the past 2 weeks, boag areas that mortality rate has become the 3rd highest in europe, followed by after action, czech republic and belgium. so there's also talks of another national lockdown being once again imposed in bulgaria. now obviously there's a lot more going on in europe, but this is just one highlight of some of the latest developments happening. brant arche correspondent, sorry to have it or thank you so much for keeping us up to date. and in the wake of the latest round of vaccine news, u.s. equities are mostly muted monday with the dow seeing some moderate gains while the s. and p. and nasdaq, they're just about flat. so let's go out and take a look at the markets with michelle snyder. the managing director of the market gauge group and author of the best selling book, your money tree,

a guide to growing your wealth. michelle, now, i've got to write a business here. it seems like in the past we've seen that vaccine bump in markets . every time we hear about a candidate showing a strong efficacy, but we didn't see that so much today. what's the difference with this announcement coming from astra zeneca at oxford? well, 1st of all i would actually correct that somewhat to say it depends on where you look because there were certain sectors that very, very well today in hopes that seemed creating more of an economic recovery. and the small cap index also did very well. outperform the other 3 indices. so i, there was an impact on the market for sure. in terms of the actual stock itself. looking at seneca, you have a couple of problems. 1st of all they, they don't really know how much it's going to be able to provide code yet. they're still working with the dosing. there was a report that it would be only 70 percent effective versus 90 percent effective, which madonna came out with. but there's good news, they'll be

a wider rollout. so that could be a good thing. and also with the refrigeration, where it can be actually refrigerated where the drugs from a dern are have to be at 70 below centigrade and then brought to temperature just moments before somebody is vaccinated. so this is all what people look at when they're looking at the stock. a probably the biggest factor that went into ashes anika today is the fact that they're saying they don't care about profitability while a pandemic is going on. they just want to get the drug out there so that i think was the biggest impact. and i've been watching all 3 and 5 or is well. and just from an investor's standpoint, it's interesting because you have the durned are obviously made new high. yes. it gapped up on that news a week ago. and now we're having an inside week. so we're sitting right about that high that could take it to another leg up or down. we're right in the middle with pfizer was sort of trading in a range between $35.38 after it had its initial pop. so that also has some work to

do either break $35.00 a clear $38.00 that can go back up to $42.00 are higher. and then if you look at a seneca, it's trading between $54.58. so these are ranges that i think that the investors will be watching to see which way they go. and now michel, we got a bigger how at a shopping week starting the national retail federation said monday, it expects holiday sales to rise between 3.6 and 5.2 percent this year for year over year. that is to say, now that would bring in sales as much as $766000000000.00 during the season. amid the pandemic, we're still seeing millions unemployed and a lack of another stimulus package here in the united states. what are you seeing in the retail sector right now? well, what's interesting about the retail sector is that it doesn't necessarily, oh, is not, are how much consumers vine gets what they use to pay for it. and there was an interesting survey that came out that said 65 percent of consumers right now have not put aside any money for the holidays. so what are they planning to do?

they're planning to increase their credit card debt. now happily credit card debt had actually gone down because of travel and leisure earlier in the air. but now the anticipation is that debt can go up when you have an older generation that's already taking their debt into their retirement. so that's kind of the backdrop. but looking at it right now, if you look at the stocks again, from an investor perspective, some of these retail stocks have just gone bizerk and there are a lot more on tap for reporting today. i know we have dollar tree coming up best buy. macy's reported terribly, but then rocketed. target's doing great cosco. so at this point right now, retail sales is looking good, but i would be a little bit concerned about what we just talked about is what happens in the future when we start to see those debt numbers rise. michel, thank you so much for your excellent insight. today, thank you so much, brant. and as we talk about markets, we want to follow up on a story from last week. you can remember u.s. treasury secretary steven nugent called on the federal reserve to return roughly

455000000000 dollars in unused funding from the central banks lending program set to expire on the 31st of december. now fed chair drone pow on friday said they will return the funding. but criticize the move as premature. so what effect will this have on the ongoing economic recovery? well, to discuss, let's go ahead and bring in former fed insider and c.e.o. quayle, intelligence danielle de martino booth. now, danielle, we're going to get to that and kind of around this big story that we have breaking news within the last hour. i wanted to hit on this janet yellen. it appears that vice president elect. that is to say, joe biden is going to name janet yellen, former fed chair as the next treasury secretary, when he assumes office in january. what do you make of this announcement? well, you know, this is, this is, this is president biden, president elect biden. it is, it is hands trying to stay with the team of people with whom he's familiar. i can understand that. but this is a disastrous move. i have to be highly critical. i took 2 and

a half years out of my life to write fed up. a lot of the criticism in that book was, was, was focused on janet yellen and the slowest most normalization process in the history of the federal reserve that left the bubble in its wake that jay powell inherited such that he was not able to, to raise interest rates to a normal level, he was not able to shrink the fed's balance sheet again because janet yellen refused to normalize policy to raise interest rates to tight monetary policy when the, when the opportunity afforded her to do so. when the economy was on strong enough footing to do what we talked about this story that we led this segment with regarding treasury secretary minucci and kind of pulling back this funding from the federal reserve. now how is janet yellen a former fed chair going to work with current fed chair powell,

how are those 2 going to work together and will this be something that is actually undone? what newton's actions were done by janet yellen? or will she continue that policy? do you think i would think that this would be reversed within a matter of days, but you have to bear in mind janet yellen, earlier in this year in the spring, said that the fed should be allowed by congress to buy stocks in the open market to buy equities in the open market. we can say that she will reverse minu chin's move, but we have to bear in mind that congress has to be on board with everything that is proposed. whether it, you know, if there is something that is agreed to between the federal reserve and the treasury department, that is something that, again, is going to have to go up in front of congress and be part of a stimulus bill. again, sticking with that story of what he actually said that these emerged, these are emergency tools when the emergency is over, let's put them away and that's kind of what he said to justify the move that they're making right now. so is the current treasury secretary such lee saying that

look, we're already in recovery mode, this is over. we don't need the funding the funding mechanism from the fed anymore . well, i think when your point is that the economy is not in recovery, but the facilities that were set up on the treasury's balance sheet in conjunction with the federal reserve, did not do what they were supposed to do. they did not create jobs, which is of course, that the fed 2nd mandate is to maximize the creation of employment. it's patently apparent to him that the capital markets are operating just fine. we don't need the federal reserve in the open market buying the bonds of apple corp for heaven's sakes. so i think that that was my point. plus there are some, there are some beltway politicking going on here. and that is that if, if mitch mcconnell wants to stick to a skinny deal, you know, and put a ceiling about a half a trillion. what better way then to take the proceeds of what's going to be taken

away from the fed and tack that on to a continuing resolution bill. such that you're able to effectively put nearly a trillion dollars of stimulus out into the economy. but again, you're not, you're not getting creating new funds in order to do so. you're just repurpose saying what the federal reserve, if it had been given. but you're in the beltway. i'm not, that's just what i'm hearing from my contacts, that it was going to. but insider, you know, there was a lot of written about how the federal reserve doesn't generally get into the politics, especially the chairman and drew paul did criticize this move. was that out of the ordinary for that to happen? or did you kind of see that him just kind of giving it he wasn't like overly critical of it. he just said, hey, why wouldn't do this? so how do you see that? i think more than anything else was surprised. you know, anything can happen to the financial markets, you know, when there's great optimism about what a vaccine is going to do. there's very little certainty in terms of, of the timing. and we know that jobs are continuing to be lost as we speak. jay

powell is trying to look out for the macro economy and any kind of a risk that a step back in the data is going to cause a ripple effect in the financial markets. if he doesn't have those facilities to fall back on, then he feels as if his cushion has indeed been thinned. and that is what will be the case if there are disturbances in the financial markets. and there is, there are not these facilities in place for a fed inside a day and you'll dealer to know both. thank you so much for coming onto the show today and being here for that breaking news. thank you. it's time now for a quick break, but hey here, because when we return tensions continue to rise between the united states and china as the white house is mulling, new moves against the people's republic. and as we go to break here, the numbers of close

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it's been decades since the fall of spain's fascist regime, but old wounds still haven't healed from going into the darkness with you because for me from you know people to me suppose to me in the past it's a source mean older than just the same question to you know, of newborn babies were torn from their mothers and given away and forced adoption. i don't know to this day mothers still search for grown children while looking in hope for their parents. welcome back. following last week's decision by the federal aviation administration to lift the ban on boeing's, embattled 737 max, the regulator,

its european counterpart, is ready to follow suit. the head of the european union safety agency said the aircraft is safe to fly following changes by boeing speaking virtually to the paris air forum. a executive director patrick spoke about the body's independent analysis of the situation, saying, quote, all these studies tell us that the $737.00 max can return to service. we have started to put in place all the measures. it is likely that in our case, we will adopt the decisions allowing it to return to service sometime in. now. meanwhile, delta airlines, c.e.o. ed bastion told the financial times the carrier which does not have any $737.00 max in its fleet, has been talking about boeing. quote about a lot of different things, the macs included president donald trump's time in office is winding down, but that is not slowing the administration's opposition to china. in fact, the trump administration is pushing for an informal alliance that would retaliate

when china uses its trading power to coerce nations. joining us just as a tool by us co-host ben swell. now ben, the timing here seems a little strange. was the reason given for this latest move and what exactly is this latest move? yes, the latest move, as you said, it's kind of setting up this informal group, so it's not an official group, but it's an informal group of nations that would essentially push back against china. the drug administration says that they kind of were inspired to do this because of what's going on right now between china and australia. so there are chinese wine merchants who say that australian wine companies are, are dumping cheap product into china and causing the price to fall for wine. and so the chinese authorities are investigating that now, but have threatened to take action against australian imports of wine into china. well, so the u.s. of course, feels that nothing can happen here in the world without it being involved. so the u.s. and the job in this direction now says, what you're going to do that we're going to put together an alliance of other

countries that were basically be able to take retaliatory measures against china. if it does something that we don't like in terms of trade with another country, the whole thing's very strange though because it acts as if, you know, china is dominant in the world over, you know, trade issues everywhere. instead of saying, hey, have china, australia have an issue, let's let them work it out. in this case, the u.s. is saying, well, sure, you should work it out on their own. we need to be involved. why is that one of the most interesting parts of that was essentially say, if china will import that, why? well then other nations will just do it. we'll just have to, our informal alliance will start picking that up for us. so, you know, the u.s. can get some of the, as the chinese say cheap wine dumped on the u.s. shores, it doesn't make a whole lot of sense there. meanwhile, the administration is also continuing to push trade restrictions on 89 chinese companies, which it claims have military ties. does this move have life beyond the trump administration? so that's a good question. i think it does probably have some life of ministration. but what's interesting about this though, to me, is the fact that there,

this reference to ties to the military ties to the chinese military. because what a lot of folks don't realize is that back in april, the trumpet, ministration changed its definition of what it means to have ties to military. typically that would mean a company that has contracts for military services or providing specific technology to the military. in this case, it's any company that might have products that are bought by the military. well, that's a huge and very expensive group of companies, and so it can be anything from telecommunications to chip makers, to anyone who's creating really any technology that the military might use. and let's face it, a company doesn't necessarily have any control over whether or not the military buys their products. so the idea that these $89.00 companies are somehow a threat to the united states and a threat to world security and so must be punished because the chinese military might buy those products. it seems a little farfetched. i'm not sure how far that would get into a new administration,

but i do think there is a growing and will be a continued since of concern about china and the chinese military, even in the biden administration. and nobody commercial aircraft corporation of china is spearheading chinese efforts to actually compete with boeing and airbus. and they're on this list. as is aviation industry corporation of china and 10 of its related entities. is this really about protecting national security, or is it about helping american companies like boeing, who don't want to face a threat from a chinese company? and here i think it could be. i think it could be quite a bit of the latter. i mean, if you think about it has had a lot of struggles. we've talked about them a lot on this show. and certainly if the u.s. is trying to block, as we've seen them do with way, as we've seen them do with tech talk, trying to block chinese companies from having the same competitive advantage that a boeing or an air bus in europe might have. i can certainly see that happening. one thing that's kind of a carry out of this story though, that makes it interesting is that boeing itself is still waiting on china to

recertify the boeing planes that had all those issues just a couple years ago. and i've not been recertify that 737 max. so what we're looking at now is boeing is dependent on china to approve its planes while the u.s. government is trying to stop chinese carriers are being competition to boeing. so listen, you know, i hate this, i hate it. when it governments get involved in what is happening with the private industries and it keeps happening over and over again, robust co-host, ben swan, thanks for breaking it all down for us today. you got it. and finally, china is going to the moon hoping to do what no nation has done since the 1970 s. . no crew members will be on board, but the country is looking to bring back rocks and other samples from the lunar surface for study here on earth. if the chinese program is successful at collecting and returning samples from the moon, the country will join an exclusive club, china would join the united states and what was once the soviet union as the only other space programs to accomplish this feat the probe could launch as soon as this

week, and it's hoping to gather samples from an unvisited area called the ocean of storms . and that's it for this time, you can catch to bust on demand on the brand new portable t.v.'s available on smartphones and tablets through google play in the apple app store by searching portable t.v. portable t.v. can also be downloaded on newer model. samsung smart t.v.'s, as well as a rule who devices or simply check it out at portable t.v. . we'll see you next time. when else seems wrong. just don't call me yet to see just how to and in detroit,

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that you do with the developers of clinical trial data shows that it is a 95 percent effective explosive devices have killed in this area and injured a russian peacekeeper under threat to the local population. we are right next to the city, full of returning refugees, people who will be scarred by the war. people still in shock could see a full for the future. the last thing they need is more explosions.