tv Boom Bust RT December 15, 2020 5:30am-6:00am EST
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you know it's a lot. when you watch the pretty good since the broker in you was for your in-laws right at the acquittal the old roles. do it in you most of those lead you to keep most of the mills still but when you want them ruled over the children what the little ones to. get and we. will give them a list of those does need some of what they did that was the most in the book it's . this of boom bust that one business show you can't afford to miss on sam on the sofa in washington coming out the 1st full scale tovan 1000 jacks nation is
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underway in the united states will break down the effort to tribute the shot here as well as which taxi and will be sent around the world right the future continue to come down to the wire both sides are committed to talk but there are no guarantees that the head of the deadline we have a lot to get to the let's just start. according to the word health organization currently there are more than 50 covert $1000.00 vaccine candidate in trial several have already been approved and are being rolled out across the world let's take a look at how some of the top vaccines are being distributed last week the u.k. began administering the pfizer biotech vaccine canada also approved it last week and on monday the u.s. started administrating the vaccine paving way for widespread inoculation 598000000 doses have already been ordered by the european union japan the us mexico and canada in addition to a few other countries the astra zeneca oxford. vaccine is still in phase 3 clinical
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trials but there are still many unanswered questions trials took place in brazil south africa and the united states and in a surprising twist last week astra zeneca announced its collaborating with the same russian officials who created the sputnik 5 vaccine more than 2913000000 doses have been ordered india the e.u. the us china and japan have all ordered more than 100000000 doses each and speaking of the sputnik 5 made by the gun malaya center russia began mack's us nations on high risk workers just over 2 weeks ago russia negotiated agreements to supply the vaccine to countries including india brazil mexico argentina and venezuela now let's take a look at the man during the vaccine and where it stands it has not yet been approved the f.d.a. is expected to meet on thursday to evaluate madonna's application for an emergency use approval well several countries have already ordered around $411000000.00 doses
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including the united states european union canada the u.k. and japan let's take a look at the state owned chinese company said no firm the u.a.e. health authorities did cite an 86 percent efficacy rate china's government granted approval for the vaccine last summer and by november nearly 1000000 people had already received it in september the u.a.e. gave emergency approval use for health care workers bahrain also approved the vaccine back in december now in the u.a.e. pakistan indonesia and a few middle eastern countries have ordered 223000000 doses for more let's bring in our to correspondent john harvey who's following the rollout here in the united states john what can you tell us. well 1st of all and i see. the hospital in queens new york was the 1st to receive this vaccination as part of the rule out one of the many frontline workers who are supposed to get the vaccination or is. over andrew cuomo of new york said the weapon that all are all to mentally
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end the war though that may not be anytime soon because there's concerns that the u.s. simply does not have enough for the rest of the country and mediately as is necessary including some of the most high risks group of people. and with that sondra lindsay made history as the 1st person in the united states to receive the coded $1000.00 vaccination as part of america's mass vaccination effort lindsay as an i.c.u. nurse at the long island jewish medical center in queens president trump tweeted 1st vaccine administered congratulations usa congratulations world the food and drug administration approved the pfizer by intent vaccination friday under emergency authorization as the covert 1000 death toll in the u.s. reach nearly 300000 with some of the highest death rate since the pandemic began
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and a steady surge in new cases nationwide cargo planes and trucks packed with nearly 3000000 doses of the vaccine have been deployed throughout the country with hospitals in all 50 states gearing up injection sites high risk health care workers will receive the 1st shots though the limited delivery is not nearly enough to cover all the doctors nurses and other front line workers who require vaccination nor the higher risk groups of people such as the elderly and infirm throughout the country the trip administration bought on buying an additional $100000000.00 doses of the pfizer vaccine this past summer on top of the initial contract for 100000000 as vaccine testing continued though pfizer now reports it's negotiating with the administration to provide another 100000000 doses next year even if enough shots were available though there are new concerns about state data sharing possum.
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scaring people away from being vaccinated fearing their personal information will be leaked publicly some of the latest polls show many americans remain wary about getting the shots top health officials however or warning people not to let their guard down saying without any more substantial mitigation efforts to stop the spread of the virus the outlook for 2021 may look even darker than what the country has seen so far for our john hardy. the dow erased monday morning gains despite the vaccine in the u.s. for more on markets we turn to bill was co-host chrystia and michelle snyder of market. thank you for joining me today michel the big news here drug makers have managed to pull off a purty remarkable feature here to quickly develop these vaccines to stem the worldwide pandemic and now all the markets pretty enthusiastic about about it at least where do we go from here we saw the dow erase some of its gains from earlier
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today what other hurdle do we really have left. well we have stimulus hurdle even though we've seen a lot of talk about the $908000000000.00 we have yet to see it pass we have an election that's still technically contested we have a social unrest that really reared its ugly head over the weekend and throughout the country and so we definitely still have some bubbles around in terms of what we need to navigate of course even though the vaccine is great news they'll be a lot of people who won't take it a lot of people who won't be able to get it and so it's really going to be a matter of what the public perceives and that's what's going on in terms of the fundamentals around the market in terms of the markets so i think there are 3 things really to look at number one is to look at the long bonds the long bonds have been actually the yields have gone up which has put pressure on the precious metals but at the same time now they're starting to look like they may be bottoming
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and i think that would be a good clue if you watch the t.l. t's in particular if they start to get through $159.00 area and hold that sort of sends a warning but at the same time we have the high grade bonds which are the l q d s that's where there's been a lot of movement over the last year from the fed and the jump on same thing and that has been showing more of a risk on environment although we heard today that the l.q. days of the high grade bonds had one of the biggest liquidations in a long time last week so that's outliers as we like to look at it to me what i saw as the biggest concern in terms of the overall market was a transportation sector that went down by almost 2 and a half percent and that really represents a demand side so as we're going into holidays we have to look at what the consumers are doing so just to kind of wrap it up the market doesn't look that at in terms of the 10 hour and the biotech in the semiconductors and the other indices they still
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look good nasa had a nasty spill it needs to. we cover fully from that so i would say might be a good time to really take it easy as we're heading into the holiday and see where we go as we start fresh in the new year especially as we're seeing things get a little bit worse before they get better at least that's what analysts experts many are saying that is to be expected with a growing number of coronavirus cases and much like you said the stimulus stimulus a lot of the liquidation l.o.l. cuties a lot of factors that remain kristie i want to talk about banks that are having a busier than normal december with a slew of i.p.o.'s and acquisitions now the latest one is read a reddit acquired short video platform smash what are the details of that acquisition and of the deal. all right now it looks like it's going to have a tough 2021 trying to fend off all of its new competitors so we all saw instagram wheels that looked exactly like tick tocks and also snapshots new spotlight
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features which was just another rep and now we have dubs national just just another version of that so the successor to talk has now come to 90 social media companies to add short video services to their platforms both facebook and snapchat had approached about a deal earlier this year but failed to seal the deal doug smash instead chose to go with reddit where it will retain its own platform and brand and read it will integrate its getting a connection tools so according to the ad rates $20200000.00 from investors and has grown to be one of biggest rivals however it does struggle for several years to after a brief stint of popularity in 2015 but by the beginning of this year doug splash of share in the us in short form video market was only 2nd to top when counted by app and stalls so end of flash a success came mainly from the african-american and latino users while many of talks high school stars are white doves to become more diverse with black teens representing about 25 percent of all of its creators and females represent about 70
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percent of users so this deal would give reddit user is who can already upload and stream videos access to that status editing and creation tools and ever since launching native videos and 2017 reddit so that usage has increased sharply growing to x. and 2020 a love so much about its content and still text so does integration can definitely help reddit bill out its own video so in terms of numbers dubs fashion mobile app has been downloaded 196800000 times globally since launch in comparison take talk has been downloaded just under 2600000000 titans since watch you know little bit different numbers we're looking at here most people have heard of tick tock not of just mash but michelle the other deal that has a street attention is the one between astra zeneca and alexi on after that i shares fell as much as 9 percent on monday what happen there. well it's a very typical for the acquiring companies to go down after they make the announcements and so what's interesting about it from
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a technical standpoint is that it went down into the october lows area where it was trading at $4979.00 was the end of october low so we may get to see a little bit support there from a technical standpoint but essentially we have a astra zeneca now has an advantage by acquiring alexy on because it has more exposure to different medicines for some of the rare disorders also for cancer drugs so that's a good thing to deal won't go through now until the 3rd quarter of 2021 and alexian was under a lot of pressure anyway because of mismanagement that had happened so there was pressure for them to find a buyer so i think we're really one of the biggest reasons why you saw astra and set it to sell off other than the fact that it even acquiring company is that there has been some sense that they may have overpaid they came up with a cash and stock price of 170 $5.00 a share for alexi on some people think that might be much but i looked at the
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charts and i saw in 2015 alexian had a high of $28888.00 actually so considering where it closed you know it still has room to the upside if it's it turns out to be a good deal but these mergers and acquisitions that are happening some people think when they start to happen a lot like they've been starting to happen now that signals near a top of the market so there's a lot to be considered as well and definitely a lot of mergers and acquisitions since the start of this year we spoke about it with christie as well before unfortunately we're out of time with co-host christiane michel schneider of market gauge dot com thank you both so much for your expert and author. time out for a quick break but when we come back the negotiations continue to come down to the wire both sides are committed to talk but there are no guarantees ahead of the deadline as we go to break here the numbers.
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with just weeks away until we had the brags that deadline the european union and the u.k. have still not been able to come to terms on a final trade deal even so leaders from both sides say they remain committed to getting a deal done in time. ultimately right from the start of this we've said we want to have a deal which is kind of the stock which means 00 cruises but of course and i've said this previously when i spoken to use it will be one to ensure that any deal that we have with the e.u. respects the fact that the u.k. is a sovereign nation an independent nation we've agreed to go the extra mile to continue talks on the future partnership with the u.k. even though we are a late stage we think this is our responsibility it is the responsible thing to do to to continue negotiations. running us now with an office of hillary ford which with the british american business association and members co-host investigative
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journalist and so on thank you both for being here we talk about this every week another update though hillary let's start with you on friday u.k. prime minister boris johnson said there are 2 key issues don't resolve you discussed this before the whole fish issue and taking control of its waters how are they going to come to an agreement on this and what else are they divided on or yes there are to your point a pleasure to be back but our breakfast or shine i've heard it called or everybody's exhausted talking about this but yes the issue of fishing of course remains an across fighting that tooth and nail given his upcoming election he doesn't want to let down the french fisheries and the issue that you asked about the one that's gone off the table really not totally and utterly but really has somewhat is the governance that's the policing of issues and what's been the breakthrough through is that lord frost the michel barnier have really come to an agreement that there could be in independent arbitration over such disputes so that's really positive news what remains in addition to the fishing issues are of course a living level playing field issues water level playing field issues where the
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level playing field is the fact that brussels thinks that perhaps the u.k. is going to undercut all of those regulations with regard to working time hours parental leave amount of hours that an employee can work and all that governs employee regulations. as well as competitive issues and they feel that if the u.k. on the cup slows the u.k. will become more competitive that's why brussels is opposed to anything that will threaten that level playing field there are 2 key issues that they have often able to come to an agreement on then the u.k. there are some reports of supermarkets have reportedly been told by government ministers to start hoarding nonperishable goods why is that. yeah the talk is that they're afraid of supply chain disruptions in the event that there's a no deal brags that. they're also at the same time telling people don't rush out and buy a bunch of stuff so not exactly sure what this is about other than alarmism is what it feels like i've said this before we have talked about this issue so much lately
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i know hillary supports this as well the bottom line is that at the end of the day if there is no deal on briggs it would between the u.k. and the e.u. it is not suddenly going to become a med macksville across the u.k. it's just not the reality is that there's going to be a deferment w t c rules for the world trade organization rules is what we would actually move to instead of just saying well that's it there's no deal therefore there will be absolutely no trade no imports no exports between europe and and the u.k. it doesn't work like that i'll show you has it has existed without a formal trade deal with the e.u. they just use world trade organization rules and that's what the u.k. would do so this idea that if there isn't a deal that sky falls on you and the floor falls out at the same time it's just alarm it's right there are still opportunities for them to to go through like you said the world trade organization to make some sort of amendment even though not
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formal hellery what are the chances there will be a new deal brought there and what would that mean for small businesses in the u.k. or us oh i don't think anybody knows exactly what the percentage i will look at one of the goldman sachs predictions which went up to over 80 percent that would be a no deal but as has been so aptly says it is not a disastrous situation it has already been come from the talks might go through christmas and right up to noon is of course our that's what none of the diplomats wanted but since it's looking that way i wouldn't be surprised for no deal at all and it isn't so bad you also about small businesses all small businesses actually nimble they're able to prepare they have been prepared in the u.k. for a no deal back that for a long time i. 2 things number one the worst thing for any business is a lack of certainty and there's been so much lack of certainty that basically somebody said to me we've planned on uncertainty meaning that they're prepared either way to this of this juncture it really doesn't matter i think what a lot of small businesses at least those i've spoken to have said is that less red
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tape will be better exports of course liz truss the trade secretary has already made over $200000000000.00 an external trade agreements with over 50 countries so many businesses i've spoken to have already started to sign up and trade with those particular countries so it's not going to be so drastic and then also of course when i mentioned only a level playing field in the u.k. the working time regulations from the e.u. wouldn't be in effect anymore so small businesses are going to be far freya with regard to their employees and going back to liz truss she also is trying to supercharge the u.k. as a center like singapore as a financial sector and many businesses are excited at the prospect of so much inbound investment into the u.k. as a investment center. then i do want to bring a political perspective to this some analysts are saying that they believe these leaders in both the u.k. and the european union are not truly fighting for a deal why is that. yeah i actually agree with that i don't think there's going to
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be a deal because i don't think the u.k. and the e.u. want a deal the u.k.'s not going to give up on these fishery issues like hillary talked about so many times the e.u. i don't think actually wants a deal because they wanted to go badly for the u.k. as we've talked about because if it goes well then other countries leave so here's what you have to do as a politician is you have to posture as if you want a deal because your constituency is demanding get something done right but there is a there is a conflict of interest here the conflict is that business is in the e.u. want to deal you know fishermen in the e.u. and in france specifically in the germany they want these deals done but the leadership as from a global is perspective does not want to deal because they want it to go badly for the u.k. so they have to posture as if they're fighting for their people when in fact they're not they're fighting more for their sense them than they are for their do you see the u.k. as being weak here for that. being weak no absolutely not i think i think that the
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u.k. knows they don't need the deal they don't need it at all and into what hilary said also about small business is this is very important the posturing that's coming from the media in the u.k. and i think a lot of it's a media push is that oh no if if there is no deal brags that it's the small businesses that were hurt no it's not it's the multinational corporations that hurt more than anyone else not the small businesses but as always things get twisted because of the powers that be like the status quo and they're trying to chase everyone away from breaking that political theatre type authority we're not into that. they've been left co-host of i think a journalist bent on board member british american business association harry for i want to thank you both so much for your time today pleasure and. let me early a 1000000 pieces of debris circling our atmosphere experts have long been concerned over the threat it poses on mission satellites and even the international space station so now the european space agency is that mounting an ambitious plan to
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capture floating face jug artie's it pretty chavez explains. experts have long warned that the threat of so-called space junk could pose not only a threat to the thousands of satellites that are already in orbit but to future missions as well but now the european space agency says it's time to take out the trash. or been here this may be a scene from the movie gravity but with nearly a 1000000 pieces of debris circling our earth's orbit experts say that it's not far from reality good movie credit. last science fiction but it is tricks and we had. settled i needed one which was a tiny project we had to show it. on shuffle election day gas to show us capsule it into $1000000.00 contract with a swiss startup company clear space as say to bring a large chunk of orbital trash back to earth this is a very special issue in space and space is now an infrastructure we have to keep
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well infrastructure clean experts have long warned of the hundreds of thousands of pieces of space debris circling our earth and how they pose a threat to functioning satellites and the international space station a problem that will only worsen as private companies like space x. and google send a flurry of new satellites into space over the coming years. time. for companies business. solutions so i said you have. several. people right now must wanting to launch. the population satellites in orbit. means the debris removal mission is set to launch in 2025 where
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a custom spacecraft or tentacle will capture the trash bring up. down to earth and well burn up as it enters the orbit the object being remote a so-called best but payload adapter that was used to hold and release a satellite in 2013 which weighs about 2 $147.00 pounds to the detent ticals was just safest way of going to. require. a 4 arms. and to st james you're getting a lot of charity to do joins. us now clear space essay hopes this is just the beginning and the c.e.o. there says that he wants to eventually expand such operations in the future to include a multiracial object removal servicing and refueling reporting in new york turn of each other as r.t. . all the time we have for today but wealthy and at the time.
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problem drugs don't always come from unscrupulous dealers but from pharmacies to in every state in the united states we see me very sharp increase in the number of people seeking treatment for addiction to prescription opioids it invaded america under the banner of medicine persisted with the pain but instead of trying to wean him off though she just goes after dose after dose after dose and really became his drug dealer so who's to blame patients doctors manufacturers all the governments of
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. the u.s. economy was booming growing numbers of people when they need us. you can work 40 hours in a week and still not have enough to get housing everybody believes america still is the land of opportunity the reality of it is we're not financially equality and a lack of affordable housing or a living minimum wage gave many people no choice. that's been a problem with the city knows turn to be excited told me stay away i'd almost call it the sins of the food that there is no answer because yes that requires resources the most vulnerable are abandoned on the streets to become the invisible cops. 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 show business i'll see you then.
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headlines on our t.v. and congratulate joe biden on victory in the u.s. presidential election and expresses russia's willingness to work together with us like the college declared him when up. with me. also this hour activists a new crowd control tactics by french police smash and grab are a mass violation of human rights and press freedoms and the turkish president hit washington for sanctions imposed so brinkley's purchase of a russian missile defense system. we expect supports not sanctions from our nato allies the united states of america.
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