this is boom bust the one business show you can't afford to miss there montecito going washington coming out the u.k. could approve astra zeneca and oxford universities called in 1000 vaccines in just days which could fight the u.k. mutation as the country struggled to contain the spread of the virus. from playing the crown of our still eat of government funding bill after days of saying he opposed it we have standing by him a lot to get to so let's get started. of officials in the united kingdom are expected to approve oxford university astra zeneca coronavirus eckstein in the coming days its low price and ease of storage will allow the government to vaccinate people more quickly according to a recent financial times report earlier this month u.k.

officials approved the biotech pfizer vaccine which is harder to preserve and transport statistics now show at least $600000.00 people in the u.k. have received the pfizer vaccine so far the u.k. government efforts to ramp up vaccines comes as the country struggles with the new coronavirus strain that is more transmissible astra zeneca chief executive pascoe soria also told the sunday times so far we think the vaccine should remain effective but we can't be sure so we're going to test that partial results just astra zeneca is 70 percent effective for preventing illness compared to pfizer's 95 percent efficacy and as we see vaccines being rolled out across the globe artie's alex mahela which explains how countries are looking to inoculate as many people as possible as we learn more about the coronavirus area. and proceeded to times come unprecedented measures from the us to russia saudi arabia.

thousands of people are getting corona virus vaccines in most cases relatively new virus fighters with under a year of testing under their belts currently one of the most ambitious efforts is in the european union where the goal is to inoculate 450000000 people like in other parts of the world older citizens and front line workers are the 1st in line to get injected a number of vaccines have been approved to fight the pandemic giving hopes to places like europe where lock downs and restrictions have hurt the economy and forced to change the way people live but many experts believe even with vaccines before things get better they may get worse marcia santini is a nurse in los angeles she says that even with protection she got the virus and warns that more trouble could be on the way it's going to take a lot of time before we could vaccinate everyone and we don't necessarily just get vaccinated it goes away adding to the problems a new variant of covert 1000 has been found in the u.k.

and it is rapidly making its way around the world to. little through the whole genome sequencing we have confirmed you can balance the corona virus in 3 people who entered south korea on december 22nd aside from south korea among others japan france spain italy norway canada jordan and south africa have all found people with a variant on their territories the world health organization says that there is no need to panic the u.k. has reported that this new vine and transmits more easily but that he's annoyed be done so far that it's more likely to cause if it is ordered more tightly to. wu is working with scientists to understand how these genetic changes affect how dividers behave globally nations have been prompted to a blog flights from britain it is believed that the newer version of the virus has been spreading across the world through travel for weeks vaccine experts say that

mutations are normal imbiber says and that they believe the current vaccines should be just as effective against the new covert 1000 variant however the assertion has not yet been confirmed in a laboratory setting for boom bust i'm alex. after days of calling congress's coronavirus relief package a disgrace president donald trump signed the bill into law sunday night the president says that he wants congress to increase payments to americans from $600.00 per person up to $2000.00 per person he's also asking for congress to remove wasteful spending well joining me now to discuss is jeffrey kluger an editorial director of the american institute for economic research and was co-host investigative journalist but jeffrey let's start with you why did president trump attack the bill for 5 days and then sign it why the sudden change of heart. well he he came to washington to drain the swamp and these one. i mean you know it's a it's

a grotesque capitulation she knows it he's giving up he's fed up he does realize the whole system is corrupt and there isn't really nothing for him to gain by filing and fighting and fighting this i mean even the republicans get given up on this that overwhelmingly supported it rand paul's mother a few people telling the truth about what might be the porky as to spending bill in the history of the u.s. congress in this thing as outrageous as a huge transfer of wealth from the open states to the close states that you know people broad don't understand as with a lot of states are functioning totally perfectly fine very low unemployment and everybody's doing really well there the open states it's the close states where everybody is suffering in california in the northeast and so on so there's a huge transfer of of wealth from some states that are doing it right to those who are doing it wrong and trampling along with it because it didn't really in his interest to fight anymore he's fed up at this point he's just trying to pass whatever along and do what he can i guess could be something he's doing for his

2024 campaign that he plans to to announce soon than while waiting for the president to sign the bill though an athame had 14000000 people they were pushed past that saturday that line it caused them to temporarily lose unemployment insurance was that a mistake. yeah i think the whole thing's a mistake but i think the biggest mistake was going back and signing it i don't think you should have done it i think you should have walked away and said you have going to have to deal with this yourselves because this bill is outrageous everything about it is simply outrageous the amount of money given to overseas programs you and i have talked about this last week you know we're talking about you know $10000000.00 to pakistani gender studies i mean we're talking about $180000000.00 to burma $800000000.00 going to the sudan the amount of foreign aid wrapped in that this bill and then the american people are told well those of you who qualify you can get 600 bucks half of what you got last time even though

you know the states and the governors and the mayors closing down parts of the economy we don't think you actually deserve really anything here and so then you see republicans like mitt romney coming out over the weekend and saying well i just have a problem he says with putting 2000 dollars to each individual person that's just too much money that's too much debt that we're taking not really why don't we take away the money that's going to be out overseas because let's not forget it's not money that's just being created out of the middle of nowhere this is money that's coming from american taxpayers right we have been taxed this money and so you're actually just giving it back why not just give a moratorium on taxation for small businesses but none of that's happening and so the president should have walked away he didn't walk away and so now his name will also be on this as having gone along with this ridiculous between bill that it's again it's outrageous and it's disgusting well we already have this money like you said it's coming from us the taxpayers it's supposed to be a covert relief bill it has a lot of things and to trump's point last week when he said you know there's

a lot of thing a lot of things in this bill that like much like you're saying have nothing to do with code relief with helping the american people like you said take the money out give it to the people g.o.p. lawmaker jeffrey representative tom reid he indicated he's going to support the $2000.00 proposal we heard mitt romney say that it's ridiculous but does that indicate the broader republican base is onboard with this or is this just far too much spending. well you know i think there's a. difference in the republicans should never have gone along with us and they're outnumbered in the house they've got senate but you know what you know it's a bit really i was thinking about this like why did the one of the republicans so misbehaving right now and i think it's kind of a reflection of a growing panic in this country about what people perceive as a political revolt it seems to be going on i mean there's there's there's a dozen efforts to to with. to unseat mirrors around the country tremendous

dissatisfaction with the way government has handled the coronavirus and then make you know through the lock downs of the anger is growing and i think you know just a lot of politicians on the left and the right republican democrat in this country are terrified of of their constituents right now and the easiest way to mollify people is just to throw as much money as possible to special interests and throw money around even though they you know they have no stake in the outcome so they're just trying to buy people's acquiescence to and for stall what some people are calling the possibility of a real genuine political rebellion that's going to develop early next year. but i want to get your take on something that's going on as well i want to cover what's happening with this is the world's largest cryptocurrency it's breaking records once again it incredible pace at one point the last 24 hours big question was was

over 20 k. what's happening to drive this price at this pace yeah there's a lot of kind of institutional money that's going to be going to be talking about all year long that's really not a surprise that's happening we had predicted that you would see breaking the 20000 mark 28000 not that it's a pretty high number i think what's fascinating about this though is that they're calling it the promise of what it can be right which is the promise of breaking free from the government systems that don't take care of us and creating this transaction because it's part of this is not what we're seeing on the institutional side on the institutional side we're seeing investors jumping into it because they say hey you know national governments around the world are mismanaging money other people get us rate which is happening here in the u.s. as well and so this is a great way of kind of playing the system but there's a lot of crypto out there that is not rising up the same pace that that point is should because what i would like to see you are more people getting into crypto currencies and protecting and having this peer to peer transaction that takes place

because it was actually built around but that's not yet happened and everything that we're really seeing is institutional well jeffrey what do you think of these numbers we expected to see highs but not this high and not before 2021. well you know i was kind of predicting the 30 k. but i didn't do prediction for the spring so as happened a little bit earlier you know i think ben's right i mean what you have here is a lot of systems around the world sailing you know and and and big question seems to have done extremely well you know throughout this catastrophic year and people looking for some way to for some high returns and something exciting once it broke past 12 k. it's just been straight up and up and up and yet is mostly institutions work which has sat this out for so long but now you see all the advisors and all the economists and all the big shots weighing in saying ok this is real this is not a big phony baloney and so they're buying as as much as possible the individuals

that are getting in right now and there are quite a number i worry about them right it was just like you know when they got in that 20 k. last time you know they got their clocks cleaned you know soon after sept i'm expecting a pullback after a 30 k.m.'s h. maybe rahm might be wrong about this right but but my forecast is that we could fall back. to 17 k. by the time and this is the way because typically behaved the way is typically behaved i'm not sure it's going to repeat itself this time since of so many institutions in it but that's what we've used this in the past it's a pattern that we've seen and we're still following it could continue to go up that the hope investors are in it for the long run that's what the hope is that these investors are taking this more seriously their investment with that going for it to go up more that was jeffrey tucker of the american institute for economic research thank you for your time we're going to keep want to around for another story. time now for a quick break but when we come back the united kingdom and the european union they

finally have reached the deal the hard part may not be over yet just as both sides are adjusting to the new rules as we go to break here the numbers at the close. join me every so straight on the all excited i'm sure i'll be speaking to us of the world of politics sport i'm sure i'll see you then. max kaiser this is the kaiser report with stacy herbert and special year end guest misfires the man who i must say how the kind of sensitivity to world events and markets we're seeing anywhere except here on

mitt's welcome back. americans love buying homes. this was a fundamental part of how our political leadership and our country at large understood the bargain you get a hoe and then you know rebel right that's the things you don't revolt if you have a stake in the system. and be really interesting to dial it back and think about the longer deeper history housings men in the united states not just that question of the american dream but the bigger question of who the dream is for.

this is nothing like. that it's not a money spinner but it is expensive. and it's dangerous . this is highly skewed. and they have no brakes it's. something. an entire village in alaska has had to move if another country threaten the wife of an american. we do everything in our power to protect. wanted a escaping climate change is the same threat right now alaska seems some of the

fuss just coastal erosion in the world we lost about 30 feet. 35 feet of ground in just about 3 months while we were measuring. in the teens the river is. closer than how. was your i think were part of america 1st for. just 4 days after british prime minister boris johnson sealed a free trade agreement with the european union the u.k. warns of a bumpy moment. businesses have been getting ready absolutely i'm with their to help businesses to be ready for as i see both the new opportunities but also the

particular new procedures that they face as well yes i think business is broadly in a good place but inevitably with any change with any transition there are occasional bumpy lows and that's what government is there to help business to be ready for the 27 e.u. ambassadors formally approved a provisional application on monday the u.k.'s house of commons is expected to approve the deal on wednesday while the e.u.'s legislature approval is expected in february for more on the 1200 page deal field on christmas eve we welcome back just one and board member of the british american business association henry ford which hillary let's start with you good to have you it has taken a centrally 9 months of negotiation to get this deal done but it still has to be approved by u.k. regulators is there any chance that there's going to be a hold up on the u.k. that. pleasure to be back with you sarah and you mentioned 9 months it seems

a lot longer doesn't it but i would say this that ironically it could actually be some of the backbenchers that might hold this up it looks like it'll go through because of course the conservative party does have a majority but some of the conservative backbenchers on totally thrilled with the lack of this deal the labor party also has 20 m.p.'s who are vowing to vote against it but it really doesn't matter because as i mentioned it is the conservative party that has the majority in the house of commons what i would say is a few good points is that people like the c.e.o. of tesco john allen he actually came out and said that ironically even though he had predicted that could be great price rises in terms of all the products that tesco sells which is a major u.k. supermarket chain he's now saying absolutely not now that there is a deal they won't be able that house i think there are a number of industries like that where you had c.e.o.'s previously with dayak and sons they now have softened those and there rob the peace with the deal overall so

i think again the conservative party has a majority it will go through but not without some of those who are hard core bracks the tears having a few objections and of course the 20 labor mts raising some objections all money even though in principle yes there is an agreement the negotiations are really aren't over right. it feels like it's the ongoing negotiation here that never seems to look i would say that what's fascinating about this deal that's been reached is it's not really a deal in that there's a lot of these what i would call escape clauses built it into this greg's trade agreement that essentially allows different sections of bragg's it to be renegotiated throughout the process if one side decides about working out for them which by the way i would love to have that deal in the time i signed the contract rights begin to renegotiate the contract as you go if you don't really feel that the contract is what you were hoping that with and that is built into several

different areas of this agreement which tells us something it tells us that neither side is actually very happy with the way that this is been laid out so far but they feel like they have to come to an agreement of some kind but ultimately that they're going to continue to fight this out over a protracted period of time exactly how long that will be a year or 2 years i don't know but i do believe that we've talked about this in the past that the e.u. doesn't want it to be easy and the u.k. wants to make sure that they come out with advantages that they didn't have when they were under the e.u. and so both sides are going to continue to fight even though they claim. which is why it was interesting to hear so you know christmas eve they were rushing to get the still many didn't expect it to even even for them to come to an agreement and they did which was again very surprising but hellery what are some of the biggest changes or challenges we're going to see even going forward within the steel. well to take a moment ben just mentioned yes i mean there's lots of things that need to be

negotiated in the future one in particular by the way is the financial services sector that actually is not included in this deal and that represents the hugest. terms of trade surplus for the u.k. because of course the u.k. exports famo services this deal is all really about products and not about substance so the service sector is going to be renegotiated also though it does autumn fost take control basically from the european courts and the import of what really matters is this for change so pretty in terms of rules and regulations and this was the crux of what was the problem with the plastic to previous years ago and that's where all of the issues started to realize that instead of just the common market this became suppose superstate of the e.u. in total in the rules and regulations on the east so the best part of this deal is the fact that the u.k. got pretty much all that it wanted in terms of the supper to one of the things that isn't quite as strong the jury aspect the security at access in terms of the plant

and what this is is this is the security up to the sink in terms of all of the terrorism and sort of illegal activities that happen across europe there was a great sharing of information and that has still to be finalised and shaded u.k. police supposedly mostly on a daily basis over a 1000000 times a day are access and now plan in terms of sharing that mission so that's a little bit still a bit of also they should and then professional qualifications within the e.u. currently with. the u.k. all of the pressure services accountants octets lawyers engineers they're all able to buy best services and all the woods to work in the e.u. with the equivalency all their technical competence that has changed so now edu freshness and u.k. pressure well i don't want to quote book each of those charges and that is the biggest change really that special. we'll there will be

a certain number of days when they can travel with europe without special. terms of the. u.k. special regulations due. to a lot of major differences a lot though still remains. really that they haven't agreed on so remains to be seen how how they'll go about with this agreement but there there seem to be concerned there's a lot of wiggle room like we said in this agreement and that it will ultimately mean that either side can deviate significantly from these trade norms is that true yeah it is and what hillary talk about financial services it's very important to know that the financial services section in the so-called agreement is one of the primary areas and. if it's not working out for either side so you do have this continued kind of concept that as as they go along we're going to figure out what

works best for them but that sounds like you know the ongoing discussion we've been having for 9 months or even longer than that with this agreement but i think there is something else that's very important through all of this discussion of breaks and that is an ability of the end of these things don't work out it doesn't default to nothing it defaults to world trade organization and they are standards of what the trade agreements are so again if you say we're renegotiating it's not working you don't just drop it on the space you go back but they're. expecting our we had expected and the 1st place and it seems all longer because again the u.k. decided to leave our ovo to leave the e.u. back in 2016 it's just been the last 9 months home longer of trying to negotiate the actual deal hell are we talked a lot about the fisheries they've been a big deal throughout this process even last week they still didn't have an agreement on it what was ultimately reached here. well it's going to be a 5 year agreement in terms of the way things are set and that will be that the

fisheries will return 25 percent of that to the fish that they trashed in the u.k. waters back to the u.k. this actually is viewed by those in the fishing industry u.k. as a trail but they had to be some sort of you know negotiation industry and this is what it's come down to really with the fisheries and this is how it was able to be costs through because obviously. the european union and so many countries countries that can. count and fishing rights on still what this means is all there will be and you will negotiations go she should be mentioned you know wouldn't it be great to have any deal where you get to renegotiate every year so this will be an ongoing situation for the fisheries that you pay off. on it sounds like it's not over yet as always and the pleasure having a boom both co-host of us again dollars spent on board member british american

businesses association which thank you both for your time i am sure this isn't the last time we're going to talk about brags that. once again the hubble telescope is giving a new look into the universe this time it captured an almost perfect example of what astronomers call and einstein ring when the image has been dubbed the molten ring this effect is caused by light shining from far away and then being bent and pulled by gravity between the source of the light and the person viewing it other examples include the cosmic horseshoe. is thought to have made his 1st calculations on this possibility back in 1912 before it was ever observed. that's all for this time you can catch him bunt on demand on the portable to yap are simply check out a portable t.v. see and accept.

the world. with their friends their competitors got another researcher to be the voice for the rabble. rousers weapon of mass communication is spreading individually. and in that way to marinate the dangerous element of entities if it is an immobile devices more than 12000000000 contaminated conjured fuel you don't need to worry about picking your mothers. against alternative vision. asked if you start to question all about your way to expel. them and it is where after the date a period or maybe

a. day undercover and i did it say about a side. if you will get exposed to i'll take a look if waves get contaminated and i was an alcohol use for years and for a it was in to. track down. where. you can defend yourself i enjoyed of the ones from the weapons of mass communications. their tracks were the teeth. were given to me up. americans love.

this was a fundamental part of how our political leadership and our country at large understood the bargain you get a hope and then you know rebel right as the things you don't revolt if you have a stake in the system. of the really interesting back and think about the longer deeper history housings men in the united states not just. question of the american dream but the bigger question of who the dream is and for .

in the day's headlines new york threatens 1000000 dollar fines for vaccine fraud after a medical center is accused of illegally obtaining jobs. also this hour as the e.u. rolls out a mass coded vaccination campaign manufacturers report delays and distribution challenges. elative a french care home residents demand visiting rules be relaxed one of the restrictions are even more damaging to help them cope it. the measure they did most nursing homes are only allowing visits and receiving rooms like room secret jail visits other residents in our new home are physically and mentally exhausted. and as leading actors right.