call it the ms octomom for the confident.

viewers and this year is no joke but as usual your questions focus on future possible events my panel in a feature look at a much. i . this is a boom bust the one business show you can't afford to miss unfair montecito in washington we have a special so for you today as we take a look back at our biggest story the 2027 later in the show we'll look ahead to

2021 with artie's rick sanchez host of the new presented we have a lot to get to so let's get started in. the u.s. and countries around the world continue to make deals with drug makers for more doses of coke in 1000 vaccines will mass vaccinations began just weeks ago and millions of frontline workers have already received a shot but the pandemic is far from over we asked dr william schaffner about what these new vaccines may mean for the most vulnerable immunocompromised and the hope that next year's holiday season will at all be closer to normal. but i think the committees are pretty convinced that they are safe in those populations and although at least need not work optimally immunocompromised patients they may provide protection and remember those in you know compromised patients if they get sick with cold would tend to have really serious illness so i think the general

proposition is at this point it probably won't hurt it could. do you think it would make them worse. i don't think it will make them worse by no means i think it really provides some measure of protection it may not be the same level as you get you need normal healthy person but it will be safe and we're already seeing some talks of these immunity passports canada iceland and hungary are talking about them how will this impact of vaccination rates are immunity passports really a safe way to return to a more normal life those that are rushing to it. well we're not there yet you see because we don't know that these vaccines will prove the infection in transmission we know they prevent the er disease and until we know that they prevent tension then i don't think we're going to be terribly interested in immunity passports

their new information concerning the prevention of infection will come along down the road and then we will deal with that issue with immunity. and you mentioned this earlier dr about the 2900000 doses possibly coming in within the next 24 hours if the pfizer vaccine is approved by the f.d.a. that seems pretty small for a population of about 320000000 americans it's going to take a lot of time before we even return her immunity right. troll you're exactly correct long journeys 1st steps right so we want to get those 1st steps really under way in a very satisfactory session but we really masks social distancing over the large groups we'll be doing that for months but let's be optimistic perhaps this time next year with all of these thanksgiving christmas new years all those holidays maybe next year they can be almost normal. they coined broke records and reached

all time highs in 2020 many didn't expect to see until 2021 the most popular cryptocurrency more than tripled in 2020 want not many merchants accept that coin as a form of payment and many are still unfamiliar with it despite having no central point of support or guarantor more and more institutional investors are reacting and are looking to get into the cryptocurrency boom bust co-host christi i explained why is not just another silicon valley fad. what they're saying is the best investment opportunity the new year and there. to jump on board a plane because look big quine is up 170 percent this year and that's on top of the 90 percent gain it's had 2019 is due and has risen by 300 percent over the last 12 months so what other asset before this well there's really no comparison at all right now so these traditional institutional investors are trying very hard to

catch up after sitting in silence for so long thinking that their currency is just another fad that will never last or never scale and yeah early on that was a good point one could argue that could just be another sell come just like the drones are wearable tech seems like a burnt out and overdone but no they've been dead wrong because no fad has ever lasted for 12 years gained international attention and strike fears with the reigning governments over the potential to replace so as you said micro strategy they are doubling down on its conviction and big announcing friday that they raise $650000000.00 worth of convertible bonds in order to finance more purchases and this was after it announced earlier this year that it would convert most of its balance sheet to big quite so that company currently sits on $40824.00 big points with just over $700000000.00 worth and they're one of the largest corporate owners now. we're getting into here but you also mentioned that right now big question is

kind of like the go to right will j.p. morgan just issued a report saying that growing big quinn adoption is going to continue to hurt the gold market as it has been lately do you think it will replace gold. well he has obviously i think we're talking about that drop goal campaign almost 2 years ago only said i don't think quite text i would really single box that goal provide the state the asset but performs even better and clearly 2020 is the year that institutions work and i sit here and you see it clearly with the market declining and lows of funds allocated to gold exchange fund since october as a flows they flowed into quite as almost simultaneously so that represented a transfer of billions in cash 7000000000 dollars in fact in outflows from coal the has now poured into big quite so clearly not something that peter schiff will like it here but we call it quite digital gold for a reason it's completely fungible like gold but it's also way more affordable

durable divisible verifiable censorship resistance and scarcer than gold it's also just as durable and way more decentralized. the newly signed historic trade deal the regional comprehensive economic partnership made up of 15 asian states including trying to is the world's largest trade agreement the deal which accounts for 30 percent of the world's population and makes up a combined 26.2 trillion in g.d.p. it excludes the world's largest economy the united states what many are calling it a blow to the u.s. and a huge geo political move for china we asked a host of economic professor richard wolffe how big this deal really is and the prospect of president elect joe biden rejoining the transpacific partnership agreement. or what we call the world trade and no one here will work we are. all economy.

we're all in there a lot will cherish. what the nation. so they can trade more. with i. your will power axis as well. to grow respective governments the whole point is to encourage trade among them to encourage their economy to grow quite trading with one another and that's a fact that they could include not replace it like vietnam and china and likewise places like australia enter the union is a testament to their having a worker more lyrical disagreements the do something they are would help their economy and the other a time when the united states with growing alliances and committed to the exact opposite namely raising it's not clear that the rest of the world is willing to make anything like the kind of deals they would have made for trump this is

extremely important not because of the particulars of the truck but mr trump broke relationships with that part of the world with many countries in many parts of the world. impose tariffs that this country's economy and he who celebrated the nationalist turn in the united states at the turn inward and the business community of the united states let him do that was it not right with him and he's now gotten more votes and the rest of the world is beginning to wonder whether with states going forward meeting in the eel's with the united states given the strength inside the united states of a kind of society turning away from the world and in the on itself the professor well it looks like under a biden i'm going to stray shame we probably won't see terrace remain in place and it doesn't look like he'd go any easier on china is very possibly

a way that he can somehow alleviate some of the tension though between the world's 2 largest economies. well i think he has to do several things he has the group sway the world and china. that he really is different that he's not going to play games with terrorists he's not going to hog after chinese companies executives and and block chinese companies from a functioning. 2020 was a difficult year for us aerospace giant boeing aside from the crowd of iris which caused a lot of disruption in the aviation industry boeing had its own unique set of problems with the 737 max thing the most publicized although the plane is at once again allowed to fly after 20 months of being ground of its troubles are far from over artie's alex my helmet explains. it was the 1st time the boeing 737 max has flown with civilian passengers on board since it was grounded around the

world in march 2019 brazil's goal airlines return to using the 737 max an early december as a number of aviation authorities gave the plane the green light to fly however even with the backing it is obvious that travelers continue to be concerned about boarding the jet early gape at the moment for me i sent a message to my mother mom i just want to tell you i'm inside the airplane is a 737 max so in case something happens please take care of my dogs the aircraft was subjected to the longest grounding in aviation history after 346 people died in 2 separate crashes in indonesia in october 2018 and ethiopia in march 2019 the disasters were blamed on an automated flight control system used by the 737 max documents released after the 2 disasters in asia and africa showed that boeing ignored multiple concerns reported by employees about the planes before the

incidents and that the company misled regulators the information was described as very disturbing by a u.s. congressional aide. by the end of 2019 boeing fired its c.e.o. and in january 2020 it suspended production of the 737 its biggest assembly line stoppage in more than 20 years the company has lost billions in revenue since the crash and a reported 100000000 has been allocated to compensate relatives of those who died on the planes in response to the critics boeing has promised to do better boeing said it is committed to learning from our mistakes to build a safer future so accidents like this never happen again that said just days ago imax operated by air canada be moved from arizona to montreal was forced to land shortly after takeoff when pilots received an engine malfunction warning there were 3 crew and no passengers on board. all things considered some continue to stand by

the 737 max in a bit of good news for boeing ireland's ryan air recently put in an order for 75 of the planes and the company's c.e.o. seems to be very confident in the jet this is the most scrutinized most ordered aircraft in history it's also going to be one of the safest aircraft that's ever been delivered alaska airlines has also ordered $23.00 max planes but that doesn't change the fact that since the crashes cancellations far outweight orders for the 737 max and let's not forget the 737 max is entering a very different world than it left behind as of december 20th u.s. commercial air traffic was still down about 58 percent year over year making the uphill climb for the controversial passenger plane and of course boeing itself that much more difficult for boom bust i'm alex my love each. time now for a quick break only come back we'll talk to our rick sanchez about the state of the u.s.

economy and what 2021 may hold for the entire globe they were. some

people would associate optimism with risky behavior because they don't want to live like the trolls they don't want to like the state they don't want to invite that. they don't want to live by all kinds of trouble that comes with optimistic saying throughout history optimists have been punished galileo could be copernicus it could be einstein it could be all sorts of big steve jobs. and they were punished for their optimism but now there is no punishment. to. 2020 has been a purdy vent for a year and a wall a tall one to say the least especially when it comes to the economy and global markets so what can we expect to see in the new year and under a new president well to answer that and much more we welcome back our tease the very own rick sanchez host of the news with rick sanchez rick good to see you my

friend always great having you when you hear what i hear there's been a lot of damage done in the service sector across a lot of sectors small businesses they've been closed down yet wall street to help hitting those record highs what's going on here are we looking at some sort of corporate welfare. people who have lost their jobs. jobs. somewhere let's say you know so a lot of people are still out of work. it should of those who got their jobs back are people who are not in the service sector as you just mentioned the people who got their jobs back are white collar workers the people who didn't get their jobs back are blue collar workers with a special emphasis on people in the service sector so in other words if you provide a service or something if you work at

a restaurant if you cut someone severe anything where you provide a service i mean you're kind of as we like to say as a way up it's tough you're not going to be able to get your job back at least for quite some time so the situation is dire for a very specific part of the people in the u.s. economy and the situation is actually pretty good for the others the converse of that because they get cheap interest rates they're able to buy homes in or where to buy the houses are some rewards more money they're able to buy cars or even work from home so if that were in the united states we see the story of 2 types of economies one for the wealthy the working class. white collar low and one for the poor as colorado is now and it could get worse well you're mentioning here there's obviously this widening gap that we're seeing

between the have the have not those who can work from home and those who can't yet there the back thena but the road to recovery is going to be long it's going to be tough and millions of americans like you said remain unemployed about a lot and mill and let's round it up when are those jobs going to come back are they going to come back it's going to take what a year year and a half what do you think back to. best case scenario we're probably looking at the fall of next year for things to get better we would like for them to be maybe where they were before remember some of the stuff is going to stick yes some sort of jobs are going to come out people are going to start to not work out their own hair or you know more i'm going to actually her words or service. but. seriously i do believe that there is probably a how the service sector to come back. you know we won't be looking at some of the

double digit numbers that we have when it comes to unemployment but we're still not going to ever get back to where we're at least not in the foreseeable future and while that happens right some people in the service sector jobs will come some service sector jobs will come back some people will have to work. the people who leave players realize that they could probably make more money but i think instead of hiring employees they hire freelancers. they can work from home and they don't have to pay for their insurance or they don't have to do a lot of things there employers are going to look at what the market bears little to add to that so some of the things that we're seeing today are going to remain. is going to have an effect on the market and certainly certainly as far as a point is kids were saying it like you said that if i had all that crop cultural change across the globe without with all countries and much like you said

especially those that can work from home or those that have cut costs in certain ways obviously leasing an office space i've heard of plenty of corporations companies that have gotten rid of the leasing for the office because it was you know that their lease was up so they don't want to renew there was no point everyone working from home so a big shift in all of these especially much like you said in obviously white collar jobs but with that said many people do believe that when president elect joe biden takes office he is going to push hard for a big crown of our stimulus bill are we going to see this happen. well trump had a big corona virus that he goes i mean you can put d. in front of it and then say it's 5 considers or you can t. it rather than 0 or trucks as soon as those are terrorists i mean you know there's no question the government is going to have to pour in some more helicopter money we saw helicopter money in the past obviously the problem was bigger in the past if

you're asking whether that helicopter money were stimulus money is going to be the gauge changer and say you know our economy no it's not you can you can just for money eventually you know. eventually that people eventually got to the point you can't just let the government create a situation where we're going to pay people to stay home because that is a stimulate the economy right now whoa that's common sense among lesser communist or socialist. or people should not be you know to the money to stay at home that's that's ridiculous that's crazy and we don't want to head toward that so. i don't think that helicopter money is going to salvage the economy it is simply push the rock down the road i think you can simply like maybe make things more appealing for some people who would have been in desperate straits and

a lot on i don't want to let you know. god god now you're going to say i lot of people do want to get back into work they you know they don't want to be home collecting unemployment while i do think either a little bit of problems obviously with the system. extending these you know unemployment benefits but these people need jobs they what i would say i mean i'd be bored sitting at home to be honest. well if the economy is no longer paying the rate that it used to pay for your job you may not be able to find a plumber and especially if you're in the blue collar sector so i think i think some of the things that we're going to see are going to be very difficult and look let's be honest some of the stuff has already to a place whether it's trump or obama or whoever we have not really had a jobs strategy in this country for decades what we do is

we stimulate the economy by lowering interest rates which allows usually the bankers and the big guys to be able to borrow money cheap and we think that that's going to trickle down but it usually doesn't not so most people don't see a raise in their paychecks what they see is that they're going to have to put in more hours and by the way there's a political side to this too and i've got round scars as you said actually what happens you know the economy like ours is there's enough people in the economy who start to realize that you know what troops are you going to change everything he did obama said he was going to change everything he didn't find certainly not going to change everything he's just another guy with another deal promising which would be no different of the art was in fact many of these things he knew should on our terms day so in the end this. this dysfunction that many americans continue to feel is not going to go intervention least it may actually reveal itself in the way of more protests anger more revolts more

truck like candidates who are you know supposedly from outside the mainstream i'm very happy to see what happened but i'm really glad you bring that up right because we've discussed obviously this time and time again but this is something i'm looking a little different i want to point to a historian peter turchin who have looked at this right very tough he said the next 10 years are going to be extremely tough especially when you look at the long history with now he. has been warning for a decade that a few key social and pull little trends were reaching an age of discord civil unrest and carnage worse than most americans have experienced rick do you agree with this are do you even have a sense or see it trending back toward a better society where people actually get along where people can actually have conversations. you know it's funny that. he has what is essentially a 10 year plan and he seems to think that the 10 year plan are not planned but that

that look forward 10 years where he seems to see everything fall in line and the dysfunction that i just described he describes it right. in some of his essays i think is on the something i mean i think it's hard not to look at where we are the dysfunctional way that we as americans in particular are now looking at ourselves we're living in silos right 2 different silos there's people who watch fox news and they're in a silo there's people who watch m s n b c they're in a silo it's the r.'s or the visas you know so-called conservatives or the so-called liberals and there are and they're attacking each other all they're looking for strive for asian no one's looking for answers in the middle or looking for edges of the outside meanwhile you have all the under-served who feel ok i don't give a crap whether you're a democrat or republican all i know is why don't we just heard about it in the last 2030 years at some point these things will catch up with us exactly how that

accounts up with us i i'm not sure i don't see a so as a nation. in a direction which is going to create harmony either politically or economically it's impossible to look at you know where we're going to not see problems along the way and much like you say i don't think anyone who really share on what path or where we're going to end up i mean 2020 have certainly brought a surprise i think that we didn't expect but you know it it taught us a lot as well and a wealthy what 2021 has to bring as always that rick sanchez it was great having you here great discussion host of the new hampshire and i came erica thanks for joining us today. after your happening here. that's all for now you can catch boom bust on demand on the portable t.v. app or simply check it out as part of all the. have a happy new year and we'll see about.

same wrong. just don't. get to shape our lives just to get the ticket and enjoy a trip because the trails. when so many find themselves worlds apart. just to look for common ground. this is nothing like football. league it's not a money spinner but it is expensive. and it's dangerous . but this is probably speedway.

and they have no brakes it'll. stop the goal of some beautiful. the world is driven by shaped by. the day or thinks. we dare to ask.

as much about getting rid of 20 twentieth's celebrating the new year fireworks amid a scaled down celebration as the world welcomes 2021 and the hope of a brighter 12 months ahead. we hear from the front line medics who have become the unsung heroes in a year dominated by. the way seeing people die and i've seen people come in and they say we have to do it. one in 5. is what we have to do and campaigners are urging the u.k. to tread carefully when seeking a opposed to trade deal with the u.s. highlighting the health risks of american made products.