1st imola talks in the united states as millions have been battered by the copen 18 pandemic coming up we're going to take a look at the fate of negotiation and of the united kingdom and the european union are back in post-breakfast trade talks on monday as tensions still run high later i'm going to bring you the latest from the facts show today let's dive right in. and we lead the program in the united kingdom as the nation is preparing to administer the 1st coke at 915 vaccines to the public after regulators gave emergency approval to the drug from pfizer bio antec last week the 1st doses will be given on tuesday to frontline health workers home care workers and those over the age of 80 last week u.k. prime minister boris johnson said there are quote immense logistical challenges and quote in rolling out the vaccine while saying the struggle is not over as of yet

scottish 1st minister nicola sturgeon echo the sentiment while visiting a hospital in edinburgh on monday. it's a massive logistical exercise lots of people want to be hard but i'm willing to be optimistic i don't want to have to take that on and with governments across the u.k. we don't see that just to play just like they are going to be bank city take over the next few months significant numbers of people the 1st vaccine is not the easiest vaccine to transport and stored in a minister so there's pick challenges the other. day also mark the beginning of large scale back nations across europe russia now high risk groups such as doctors teachers and social workers will be the 1st in line to receive the back seat the start of the process of daily co-infections in the country have been steadily rising since september r.t. correspondent your leadership of all about has more on the sputnik vaccine and how it is produced. in the scene we trust that's what the russian authorities believe

as large scale 1000 bucks a nation's stock in the country nearly 2000000. registered corona virus vaccine cold sputnik the have been produced and if required russia's ready to money function much more our role is to fulfill the contract by producing the required number of doses in the established timeframe and not just us companies carry their share of the load but i am positive that our production capacity will be enough to handle. the 5 car companies saying this is one of the end surprises that's received by contract with the government's secret she's freshest 1st breakfast and stick a creek or in a bar respect see sputnik the is a to show the adenovirus base to back succeed the difference between sputnik v. and some other international 19 fixings is this next is a human based one not an animal so what's a vaccine it's an engineered virus lacking the gene for production that for it's unable to fact what it does is set as

a vehicle for coronavirus proteins over 3 weeks a patient. cvs 2 different jobs to form antibodies and disease resistance for the vaccine consists of 2 different shots it's a quite complex task in terms of production because you have to manufacture 2 vaccines as opposed to one before taking a coronavirus vaccination everyone is examined to make sure they're healthy but it takes another 15 minutes to store the vaccine sputnik these stored at minus 18 degrees c. and developer say that's an advantage compared to other countries vaccines requiring significantly lower temperatures for storage after the injection doctors monitor you for 30 minutes before you're free to go to the punk novel i'm a teacher i think the vaccination is a great way to protect myself and most importantly my relatives my parents are already 65 was also it's. actually i was initially examined by a doctor he asked if i had any chronic diseases measured my blood pressure looked

at my electronic medical record then i was allowed to undergo this procedure everything was fast for us i received that saying that i can be one of the 1st for the vaccination i'm so glad and i trust the vaccine initiatives don't you yes i had doubts but i've made my decision and i'm here today the. russian direct investment fund responsible for promoting russian coronavirus maxine's says it's a massive demand abroad it's safe more than 92 percent effective it will cost around $10.00 per day and it will be supplied to any nation at the same price more than $50.00 countries have applied for the purchase of speaking of the also the production using the russian technology is currently being set up at various facilities in several countries samples have already been delivered to serbia hungary was back east and other countries. already starting from. brazil.

and argentina we already. agreement and production agreement with those countries the vaccine is now being supplied to cool news of the country at the same time the miters receiving sputnik of the 2 in russia the $1000.00 job is voluntary and free of charge and even though some people still remain skeptical about the safety and efficiency of the vaccine most agree that large scale works nation is probably the only way now to put an end to the pandemic. so with all this in mind let's go ahead and take another look at the trends and spread the virus globally with our 2 correspondents. where we so right now monday afternoon brenda more than 67000000 cases of coven i can have reported worldwide not global deaths we have 1.547000025 percent of which are just coming from the u.s. now even though the u.s.

is expected to approve and begin distributing a vaccine as early as this month you know we're still entering a very dangerous new phase of the pandemic with a record number of cases and deaths are almost 230000 killed and i think cases reported last friday a record since the beginning of the pandemic but because states are slow to report numbers coming out of the weekend about 173000 reported on sunday still a 15 percent increase just from last week but unlike the early days of the pandemic it's no longer just big cities that are being a hit the hardest right now small and mid-sized cities in their opperman west and west are adding cases at the highest rate where we're seeing suburbs small cities and towns all over just setting records out on a weekly average the u.s. is reporting more than 2000 deaths every single day plus according to

a new report by the university of washington that number could actually nearly double in an act. several months and while the u.s. continues to set records for new cases right now european countries they have managed to turn their numbers around if you take a look at comparison north america and europe europe going down north america us still going up so while some states in the us like california new york illinois and just recently michigan they're placing new restrictions to control the spread of the virus the debate in countries like the u.k. and france has shifted to whether and how to lighten their own restrictions right before their holiday since their cases plus the deaths are going down but you know it seems like the same old pattern cases go up governments place restrictions and cases go down then they live only for the numbers to go back up again so the only real hope right now is on a vaccine distribution which is why all eyes are on the u.k.

plus russia for a mass vaccination drive brand and really quick looking at the u.s. economy so with jess less 10. or less in a couple weeks left of 2020 i should say it's very unlikely that a 2nd stimulus plan will be released but there does seem to be a bipartisan support for a new 908000000000 dollars proposal now this new plan would renew a handful of federal programs that are set to expire by the end of a year but would not be sending americans a 2nd stimulus check now the stimulus proposal under this question would send nearly 300000000000 in new aid to small businesses about 180000000000 to unemployed workers and 160000000000 to state local and tribal governments suffering a revenue shortfall in the pandemic but with all this back and forth you know it's

really hard to say exactly when the rock recovery. can actually really start brand our 2 correspondents i attempted thanks so much for keeping us up to date. and on top of what cya just mentioned there regarding the latest simulate negotiation congress in the united states is up against another deadline this week as the government is set to run out of funding on friday if an omnibus spending bill is not passed which would force a government shutdown however lawmakers are expected to pass a stopgap measure on wednesday to extend that deadline by a week so they can hammer out the details of a new spending plan for more on this and other economic news of the day let's go ahead and bring in studio twill intelligence a former fed insider daniel de martino booths and boom bust co-hosts christie i thank you both for being here daniel i want to start with you here now congress is once again up against the clock on another stimulus package coupled that with that omnibus spending bill that we just mentioned will we see a sell off in t. the year and if we don't get additional stimulus measures passed and does

a lack of a spending bill create more economic true turmoil if we head into a government shutdown. well a i don't think we're going to have the government shutdown but i am surprised it seemed like there might have been momentum headed into the weekend so i'm a little bit surprised as senator mitch mcconnell just came out and said that the senate would indeed push forward with the one week stopgap measure to keep the government open you know we spent at this game here for months and months and months december 26th is a hard cutoff date it's a fiscal cliff for the cares act unemployment insurance benefits and rental eviction moratoriums i don't think that we were risk of not seeing these extended but there is an untold amount of anxiety that is creeping into the u.s. household sector very lag data that we got out earlier this afternoon but you seem credit card spending fall to a 3 year low and we're watching permanent joblessness also increase as we saw in

last friday's numbers april permanent joblessness out of the pool of everybody who was unemployed was 11 percent of the total but that's how we got to november it's 44 percent of the total and the highest figure that we have since the early 1980 s. and the great financial crisis so we really do have some serious pain setting in to the u.s. economy right now congress does need to act chrystia as we look at the struggles of the united states china to become the only major economy to grow this year while activity in the u.s. europe and japan falls what's contributing to china success right now. right now china's trade surplus has soared to a record 75400000000 in november as exports are 21 point one percent nowhere near mainly from american consumer demand so exports to the us rose 46 percent despite the lingering tariff hikes in the trade where washington as americans are now flocking to big box retailers like wal-mart sam's club and target during this

pandemic in order to stock up on consumer staple goods now these are i did that in that the include a lot of limits of things like paper towels tissues gloves cleaning agents masks and other paper products so total exports now rose to $260000000000.00 accelerating from october to 11 point 4 percent gross so chinese exports are benefiting quite a lot as they have we opened early after trying to declare the coronavirus pandemic to be under control back in march so manufacturing capabilities are actually back to normal while everywhere else in the world factories are still operating a reduced capacity in an effort to social distance and implement new safety measures so that so now autumn makers and other large and activists are acting on helping to drive the demand for imported iron who are copper other raw materials retail sales are also back above pre-buy iris levels and rose 4.3 percent year over year so meanwhile chinese imports are growing faster by volume than by value because demand has been quite muted by the shutdown of travel driving prices lower

. well it seems like everybody is just begging for another stimulus package to get done federal reserve officials have actually indicated they see little urgency to provide more stimulus by increasing the pace or changing the count the composition of their asset purchases at their next meeting what do you make of this and is it detrimental for them to actually be tightening policy when we are in the middle of this latest wave of the pandemic. well you know i think that the last thing in the world that jay powell wants to be doing right now is tightening anything the reason that the federal reserve is so dependent on the fiscal authorities is that the more uncle sam spends the larger the stimulus package the more product there is for the federal reserve to effectively monetize the more quantitative easing the fed is able to do and i think that that is why it has been why jay powell and other fed officials have been so insistent and saying to their their fiscal counterparts it is completely incumbent upon you to please please please pass more stimulus

legislation because again the fed is looking to monetize more grow its balance sheet to a greater extent the on what they're already doing they need more product and it really is as simple as that. i mean when we talk about this and we keep talking about these surges we're seeing in coven 1000 especially here in the united states how are these lockdowns affecting all of this because if we have no stimulus 'd if we if the fed's not going to stimulate further because they're tightening and then we have more lock downs in major cities and major states like california i mean how is back when to affect the economy what are we looking at there. well i mean you don't depend on can always swing too far right and again the fed is in no way tightening i just want to be really clear about that they're they're not they're not able to increase the level of their purchases they might increase next week the maturity of their purchases in that there might still not be a stimulus bill when they meet next week so we're in a wait and see there but as far as things that are way too extreme like closing

outdoor seating in california when such things have been proven to not be at a high risk that's why you're seeing nearly 29 percent of us small companies small businesses closed right now that is the highest number of closures that we've seen since mid may when when the economy was in a much different place in the virus was in a much different place and again it is incumbent upon governments to not just shut down economies wholesale but be as thoughtful as they possibly can about it and then to push back against the those that are in d.c. and say you know what small business relief didn't work the 1st time you really need to get your act together and try and make that part of this this stopgap measure before the year and if you're talking about pushing into the new congress and pushing into february of next year theoretically that's going to be too long for a lot of small businesses in america former fed insider danial dealers you know booth and blue bus co-host christine thank you both for that expert analysis. thank you

i'm out for a quick break here because we're in the united kingdom and the european union are back in trade talks on monday on the other side we're going to bring you the latest on where negotiations stand that's going to break the numbers of the. l. look forward to talking to you all that technology should work for people. must obey the orders given by human beings except where such conflict with the 1st law should your identification for should be very careful about official intelligence and the point is to create trust every. night on various shots and with artificial intelligence will summon the demon.

must protect its own existence has exclusive. look. at these i say. keep them on the cheap. and then prove that countries don't let the idea of the right things go through this country he said if we give them everything they do to bust. this country. this is what we don't understand how we are in such. a mess until 2 months after the same time. the wonder woman.

similar. i do not. need one but i get the if you feel if the minutes of phone were not that god can we believe again in the world with the phone the computer without the plane. would come back to the place story people have to see. the best to keep you glued. to the. kind of financial survival job today without money laundering 1st to visit this could just be different. oh good this is a good start well we have our 3 banks all set up something in europe something in america something overseas in the cayman islands or do we do all these banks are complicit in the progresses we just have to give mccoll and say hey i'm ready to do some serious 100 ok let's see how we did while we've got

a nice luxury watch for max and for stacy oh beautiful jewelry how about. luxury automobile again for max you know what money laundering is highly illegal. much kaiser of course. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. and spearing dramatic developments only really exist i don't see how that strategy will be successful very critical time to sit down and talk. media a reflection of reality. in the world transformed. what will make you feel safe.

isolation community. are you going the right way or are you being led. by. what is true what's his face. in the world corrupted you need to descend. to join us in the depths. or i'm a bit of a shallow. welcome back the deadline for the u.k. breakfast it from the e.u. is fast approaching and a clear deal for trade with europe has still not been reached over the weekend the european commission president announced that while some progress has been reached there are still quote significant differences and quote between the 2 sides. i have

this even in a form called refined minister boris johnson on the ongoing negotiations between the european union and the united kingdom we welcome the fact that progress has been achieved in many areas nevertheless significant differences remain on the 3 critical issues level playing field governance and fisheries both sides underline that no agreement is feasible if these issues are not solved. and whilst recognizing the seriousness of these differences we have reached out a further effort should be undertaken by our negotiating teams to assess whether they can be these issues can be resolved. it's still possible to work better if. you want to see if you'll probably he's. joining us now to

discuss co-host bonus one and hillary 4 which board member with the british american business association thank you both for joining us today now hillary i want to start with you what are the main points of contention here in getting a deal done we heard those sound bites that there are still significant differences between the 2 sides what are you seeing yes pleasure to be back with you brant and as laden said these 3 issues are really quite significant difficult to get over the 1st is governance and that's really how to police this deal in other words the dispute resolutions you know this is all being so difficult what's going to happen once breck's it actually does take place on december 31st new year's eve that's the end wow how are each side going to resolve any disputes then so that the government has the policing issues 2nd issue is you referred to is this one of the level playing field that's with regard to state aid what most the e.u.

is of officials fear is that there's going to be dumping in other words the u.k. will give significant state aid to different industries and so the u.k. will be able to dump their products into the e.u. and vice versa actually i mean look at all the issues we've discussed with regard to boeing and airbus state aid is a huge global issue as well as to the e.u. the 3rd issue that she referred to is one that we've referred to quite a few times here on the show which is the fisheries this is a very sticky issue and of course both style have their livelihoods at stake on from the e.u. side the from the u.k. say. it's a big bargaining chip and basically bars johnson says that he's willing to roll the dice to get this don finally now it's crazy to think hilary that you know when we talk about big trade negotiations we've been talking about huge tech companies between china and the united states between great britain and the e.u. it's about the fisheries now ben and. let's say there's not a deal done between the u.k. and the e.u.

how big of a deal with that be. i actually don't think it would be that big of a deal at all i think the you want to pretend it would be a huge deal i think there are a lot of people who are anti bragg's who want to believe that would be a huge deal in reality i don't think it would be that big at all because i think what's going to happen is if there is a no deal bragg's it then the u.k. will simply default to w t o trade rules way that many countries already have operating agreements and trade agreements with europe but don't necessarily have trade deals in place one of those countries is australia australia does not have a formal trade deal with the e.u. they simply operate under w t o rules and it looks like the u.k. would probably do the same thing so it seems like there's all this pressure that's being put around the idea of bragg's you know if there's no deal breaks and who knows what's going to happen it's terrible for the u.k. we won't be able to move forward it's going to be there's going to be chaos at the borders if this happens calamity will hit everyone but i don't think that's actually going to happen i think what we'll see is that it will default to

something pretty sensible that the deputy you know as already put into place now hilary what can be done to actually get this deal finished before the end of the year well actually i'm getting again ben is totally right this isn't something this drastic is something that's terrible it's been hyped as such because obviously as we've talked about the e.u. leaders want to prevent other nations from wanting to leave i will actually quote on david jones as a british m.p. and he quotes we have nothing to fear from freedom and he absolutely means that such obvious question what does it take to get this done to get this done let's look at the constituents on both sides so i'm going to local how to make your constituents all these. german manufacturers she's being pressured to make a deal because what they want to do they want to trade into the u.k. an astronomical number of b.m.w. mercedes and all the cars as well as white goods sold into the u.k. so i got a local one so subtle she wants to get a trade deal done whereas my craw who's up for election in 2022 is being pressured by those fisheries by those villages and towns they don't want to settle for what

the u.k. wants which is to retain sovereignty and independence in the british fish fishing waters so to answer your question the way this is done is that each nation to step down and to do what's fair and balanced well each side sees that completely differently that's why this deal isn't being done i think the only thing you can predict is that to get the deal done the french have to concede mccraw has to back off but he is afraid of his election in 2022 and i don't see him doing that the last moment a deal could happen if he backs down and if markel weighs in enough and those german manufacturers prevail then you will see a deal done otherwise we will revert to the w t o trading regulations as ben says it will be like neil straight under the australia rules which will mean each side will have tariffs on leg goods and it isn't so drastic and then i got 15 seconds for you left who stands to lose more if there is no deal. period the e.u. stands to lose more because if there's new york and it doesn't go badly more

countries will. co-host ben swan and hilary ford which of the british american business association thank you both for your time. and finally legendary singer songwriter bob dylan has sold the publishing rights to his entire catalog of songs in a quote landmark agreement with universal music now the deal includes more than $600.00 songs that span over the last 6 decades unlike many artists today dylan still hold of the publishing rights to his entire catalog while the terms of the deal were not disclosed is estimated that it was worth as much as 300000000. in dollars in the music industry which has been revitalized by streaming over the last decade publishing rights are becoming more and more lucrative reports indicate that dylan had been in talks with universal over the last several years for these rights now the news follows friday's announcement that another legendary artist stevie nicks had sold the publishing rights to her catalog to primary wave and a deal valued at around $100000000.00 and that's it for this time it gets boom bust

on demand on portable t.v. portable t.v. we'll see you next time. that's the important question u.s. dollar as the world reserve currency are we on the threshold of an era where it is no longer the world's reserve currency after basically a 100 year run. on the cheap. and then through all of these countries let's idea is right

it's going to come he said you need. to discuss. this concept. this is what we don't understand how we are in such. a sense in the month of the same time. it was. similar. the one that i get. the minutes of oh. got to meet leave again with the phone. with the plane. would come back to the place tory you have to see. the best.

german hospitals in crisis of a 2nd wave stretches intensive care units across the country to the limits with patients all 40 percent compared to the spring. for the virus infections on record highs in the u.s. and with the stimulus package still not agreed congress is now under fire for how it's spent the last. you know a big chunk of it goes to the military and paying a politician a small business myself. that people are taking advantage of it i think that they're they just neither side really cares about poor people and also coming up on the program the u.k. rules on its biggest there are a function nation campaign. but polls show closer.