tv Boom Bust RT December 15, 2020 9:30am-10:01am EST
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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 a nation 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 doses including the united states european union canada the u.k.
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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 nurse in a hospital in queens new york was the 1st to receive this vaccination as part of the rule out one of the many front line workers who are supposed to get the vaccination or as governor andrew cuomo of new york said the weapon that all alternately and the war you know though that's may not be anytime soon because
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there's concerns that the u.s. simply does not have enough for the rest of the country immediately as is necessary including some of the most high risks group of people. and with that sandra 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 was some of the highest death rate since the pandemic began and a steady surge in new cases nationwide cargo planes and trucks packed with nearly
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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 possibly 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
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getting the shots top health officials however are warning people not to let their guard down saying without any more substantial mitigate. an effort 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 honey. the dow erased monday morning gains despite the vaccine news in the u.s. for more on markets we turn to boom bust co-host christine and michelle snyder of market. thank you for joining me today michelle 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 today what other hurdle do we really have left. well we have stimulus hurdle even
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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 and i think that would be a good clue if you watch the t.l.
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tease 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 have 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 look good nasa had a nasty spill it needs to. we cover fully from that so i would say might be
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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.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 it read it 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 features which was just another record and now we have dubbed smash which is just another version of that so the success it took talk has now prompted many social
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media companies to add short did you know services to their platforms both facebook and snapchat had approached up smash about a deal earlier this year but failed to seal the deal doug smashed 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 crunch base that app had raised $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 and of such a success came mainly from the african-american and latino users while many of talk's high school stars are white. to become more diverse with black teens representing about 25 percent of all of its creators and females represent about 70 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
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launching native videos and 2017 reddit so that usage has increased sharply growing 2 x. and 2020 a love so much about its content and still tech spends so doesn't just integration can definitely help 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 times since watch a 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 going to 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 a technical standpoint is that it went down into the october lows area where it was
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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 the 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 zeneca 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 175 dollars a share for alexi on some people think that might be much but i looked at the charts and i saw in 2015 alexian had
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a high of 28888 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 that to be considered as well and definitely a lot of mergers and acquisitions since the start of this year we spoke about it with christy as well before unfortunately we're out of time with co-host christiane michelle snyder of market gauge dot com thank you both so much for your expert and author. time now for a quick break but when we come back the negotiations continue to come down to the wire both sides are committed to talks but there are no guarantees ahead of the deadline as we go to break here the numbers.
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chicanery and fraud fraudulent accounting of quantitative easing goes into something called the c.p.i. consumer price index and that the value of that money printing will now dave base the currency for real and this is going to be the end game as it were because once the inflation genie is out of the bottle you can't put it back into the bottle . we may need. to keep me and. you can look at the same. one my. model.
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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 a 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 this is our responsibility it is the responsible thing to do to to continue negotiations. joining us now with an office of hillary ford which with the british american business association and members co-host investigative 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
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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 yes there are to your point a pleasure to be back but our daughter and i've heard it called or everybody is 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 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
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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 cut slows the u.k. will become more competitive that's why brussels as opposed to anything that will threaten that level playing field are 2 key issues that they have yop unable to come to an agreement on then the u.k. there are some reports that 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 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 i know hillary supports us 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 met max film across the u.k.
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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 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 the 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 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 for us so i don't think anybody knows exactly what the percentage i will look at
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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 by no deal at all when 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 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 the less red tape we better exports of course let's trust the trade secretary has already made over $200000000000.00 and external trade agreements with over 50 countries so many businesses i've spoken to have already started to sign up and trade with those
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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 be a deal because i don't think the u.k. and the e.u. want a deal the u.k. is not going to give up on these fishery issues like hillary's talked about so many times the e.u.
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i don't think actually wants a deal because they want it 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 businesses in the you want to deal you know fishermen in the e.u. in france specifically in the jury they want these deals done but the leaders. ship as from a globalist 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 system 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 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.
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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 will 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 authorities we're not into that. they've been left co-host of i think a journalist ben swan and board member british american business association harry for i want to thank you both so much for your time today pleasure and. with nearly 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 capture floating space junk artie's it to the chavis explains. experts have long war another 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
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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 cravat. last science fiction but it is tricks and we had. set a light center in it one which was by is a tiny project we have to show it to us so we. launch a flextime get gas to show us kept it by a small piece well now the european space agency says it signing $102000000.00 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 well infrastructure clean experts have long warned of the hundreds of thousands of
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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 in our time. business. solutions so i said you have. several. people right now must. launch. the population satellites in orbit. and. find. the debris removal mission is set to launch in 2020. 5 where custom spacecraft or tentacle will capture the trash or bring it back down to earth and
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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 247 pounds to the detent ticals was just safest way of going to. require you really meant for arms. and to st john 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 back removal service saying and refueling reporting in new york turn of each other as r.t. . all the time we have for today but will for you next time.
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so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race based on off and spearing dramatic development only i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. problems drugs has 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. 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 dry. peter so who is to blame patients don't do those manufacturers all the government.
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is you'll be via reflection of reality. in a world transformed. what will make you feel safe. isolation full community. are you going the right way or are you being led so. direct. what is true wants is faith. in the world corrupted you need to descend. to join us in the depths. aura maybe in the shallows.
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we may live. won't keep. you can look the same you. see don't you love just a little mom is good but that isn't a mumbled oh i. finally managed. that and sure enough was just. yesterday. his finish is to exert their own. belief in this film. the world is driven by a dream shaped by our own personal. dares
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thinks. we dare to ask. is the us economy was booming growing numbers of people were made homeless. you can work 40 hours 'd in a week and still not have enough to get housing everybody believes america still has the lead up to the reality of those who were not financially equality and the lack of affordable housing or living minimum wage gave many people new choice you know just been a problem with the city and always turn the temperature in always stay way almost.
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consider that there is no answer because yes the records resource the most vulnerable are abandoned on the streets to become invisible clerks. headlines an arty flood of me painting congratulate joe biden on think shrink in the us presidential election and express his brushes willingness to work together is after the us election college to take him there when. i. activists a new crowd control tactics by french police stop smashing crabber a mass violation if human rights and press freedoms also to come the renowned philosopher explains why he believes the coronavirus will change our lives forever .
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