operation though is now over and all of the injured including one child have been airlifted to a local hospital the rest of the tourist group managed to leave the scene without further assistance. just approaching half past 5 in the evening here in moscow thanks me company tonight we're back again in 30 minutes. has changed many american lives but pharmaceutical companies have a miraculous solution. based drugs talk to people who are chronic pain patients and believe that their opioid prescription is working for them on the remedy he said to . price at the. close of dependency and addiction to opiates to long term use that really isn't scientifically justified and i'll study actually suggest that. the long term effects my not just be absence of benefit but actually that it might be

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a branch of or in washington coming up supporters of president donald trump have flooded the streets of washington d.c. as the nation's progress was set to officially certify the 2020 election results in a few moments we're going to take you to the scene with us ben swan the march is. on the heels of a surprising result in the georgia senate runoff possibly giving democrats control of congress and of the white house moving forward should head we're going to bring you a comprehensive breakdown of the results and how markets are reacting plus the ongoing china does it the listing saga continues as the new york stock exchange has flipped yet again professor richard wolffe is standing by to offer is insight on the recent crackdown on chinese technology from the u.s. government with back show today so let's dive right in. and we lead the program here in washington d.c. is thousands of supporters of president donald trump have ascended on the nation's capital the save america rally as it's being called comes as the united states

congress was set to certify the 2020 electoral results wednesday formally declaring joe biden as president elect the trump campaign has filed dozens of lawsuits in 6 battleground states since the november election claiming widespread voter fraud these suits have since been thrown out by judges in those states to take a deep look at the action boom bust co-host an investigative journalist ben swan is on the ground and filed this report. that is before you settle the. thousands of people all across the country converging on washington d.c. we're talking about the they were just this that we didn't know you even the members of it will tell you that we're going down all the way through this crowd and it's good for them because it's a white house they were didn't think through before the national interest and you can see just to see people behind me right now at the push really because i think that your question is people here today is the. u.s.

senate and it is of congress who are going to. challenge some of the limits and what's called you know we don't know what's going to happen but the question is going to change things is that one of the things that we have been for the people that i've talked to out here is. their goal is to make their voice heard that they understood that you could disagree with me there's a selection of people to do the thing for cheap labor that we are such. a failure and. they want to make sure there is a good challenge this happening is there's a push the president was talking about they should think this massive companies are here to develop the fish stocks to say such things what's he saying excuse that others states like pennsylvania look at this little bit more if this is a book with pictures of course. plates a chicken products that you get as we're looking at the kids are you talking to

people that the question was what did. you do letting. go of all this what do you think about it. most of them can't tell you they don't really know other than to say they want to be able to make sure that every day was their alleged or if they were hosting the cattle to say they were your biggest. mistake i still miss everything about how difficult it was a question i will tell you this it's also fascinating to see just the sheer should the people have to work on prison a truck or it is a civil case of the culture from texas from illinois from the you know rhode island the people from these a missouri giving yourself your life it turned their state flags for. this area and it is worth it to see if any of the people showed up on the day for the bill to be available to change things but they want to make sure that there are use this year

to say here that they believe that election was fair and they want to do something about it and they want to do something not just about what's going to happen here. oh yes let's do something about it to. get it published. well. you get me out here and i will tell you that i. was and you see this i did talk to one guy was there and these are the ones that we're drawn. to the state says but that's not. what. we want to. hear. now there is also a lot of attention on the election in georgia where it looks like both the senate seats up for grabs could go to democrats no democrat referee

a war not is projected to win his special election runoff against senator kelly loffler while democrat john also is leading republican senator david perdue in a tight race which they are saying is still too close to call for more of this must be weird though george legal journalist molly barrows contributor with america's lawyer molly thanks for being here and covering this for us before we start you know on the implications for these elections as we just mentioned also if purdue race is still too close to call but john also in current senate minority leader chuck schumer they've already declared it a victory for democrats what's the latest. so as of about 45 minutes ago it's looking like more and more that's definitely the case is very likely brant going to be produced that's about 98 percent of the precincts reporting so far he's got over 50 percent of the vote so it's looking like he's going to be declared the winner of course we know warnock is the winner so this is got huge implications for the democratic party that's according to the latest results if they do do actually walk away with wins in both of these contests you know even if he were to win by it and

actually the thing i can tell you is that even though it's still too close to call he is favored to win and if he does win it looks like it's going to be by enough of a lead that there won't need to be a recount and what does all of this mean for the balance of power in congress. it's going to be huge i mean the implications are pretty powerful especially for the democratic party in maine the republican party has controlled the senate for the past several years and it's going to determine what kind of a senate president elect democrat joe biden and house speaker nancy pelosi have will get to work with the current balance is about 50 republicans and $48.00 democrats meaning that whichever way these 2 seats go they'll decide which party controls the upper chamber of commerce now if democrats were to win both seats and it looks like they will that will split the vote even lee and tie votes would then be broken by vice president tamala harris as senate president what she is sworn in so if republicans had managed to hold on to even one of those 2 senate seats we know it hasn't been called yet but that would provide the government with a buffer from being completely under democratic control so we'll see how it goes.

how does this critically controlled. impact biden's presidency. he's going to need in order to get anything at all done i mean you see what happened during the past couple years any sort of legislation that came out a democratic controlled house really went nowhere so with a georgia victory that blockage would be gone and that's good news for biden's extensive agenda doesn't necessarily mean that everything will get passed but from health care the environment government reform the economy at least it will have a shot of surviving the house and maybe get an up or down vote in the senate so these 2 runoffs were pretty expensive as well as i think we may be talking about i was going to say these are actually the 2 most expensive senate races in history why was that and how much was spent in this in this race. yes so much was at stake i mean both parties really spent some serious cash and were

talking like almost like in a presidential race the amounts that were spent so together they and their supporters spent 800 and $30000000.00 i mean that's the kind of money you saw spent on the presidential elections a few years ago so that number is actually expected to go up bryant once this post-election reports are turned into the federal election commission the race between purdue and oh soft as the most expensive in the state's history and the 2nd is loffler and war next contest so extremely expensive tons of money poured into it and it looks like of both worked in local news rooms at local stations and we know somewhere in savannah georgia market there's a young salesman driving around a bentley after these elections in georgia. that's exactly right you get absolutely enjoy that legal journalist molly barrows they so much for bringing us the latest. thank you. and on the back of these senate races markets are extending their gains with traders cheering the prospects of additional figure fiscal stimulus to discuss

let's go ahead and bring in one of the chief market analyst at every trade and boom bust co-host christine is back on the program so you both for being here christine i want to start with you we know we've heard so much about how when for democrats would actually be bad for markets in the economy but what are we seeing with things actually going up wednesday after these 2 seats appear to have gone to democrats. well things are kind of going up it's not exactly going but a straight line is marcella wrote because right now and the immediate term cyclical and value names are going to outperform a democrat when will certainly produce more power behind the cyclical and higher rate stray so the 10 year treasury you know top one percent of the 1st time since march which really helped the banking incentive if you're going to bank or america whose shares are up between 5 to 7 percent today and that's why today you also see the dow climbing about 600 points in the s. and p. advancing over 1 7 percent while the tech heavy nasdaq is still lagging behind early in the day by more than one percent as investors worried that

a democrat controlled congress would be to higher taxes and tighter regulations on these tech giants so many traders have now started to book profits until he gains all of the best performing in his last yes just facebook amazon netflix were all i mean 100 percent today. on the down cyclical name that look a lot cheaper right now so it's definitely a bit of a rotation then in the extremes as traders kind of position where the new year and the new administration so basically if the democrats prevail in the near term and take the senate we should expect another big stimulus package to pass so certain stocks are rising on that expectation by additional government aid such as industrial giant caterpillar who surging over 7 percent today and solar names are up where 11 percent so goldman sachs right now is canceling about an additional $600000000000.00 in additional stimulus followed by a limited amount of tax income. and spending inconsistent later on in the year to finance this bank of america however is then more aggressive and is forecasting an injection of between $2.00 to $4.00 trillion dollars in deficit spending so no

matter what in looks like the us is set to descend into this cycle of monetary hell so money is printed it will begin to accelerate the pace of the us depreciation that will begin in 2021 and then i am how do you think the markets will react to this blue sweep if it is by this narrow majority that we just talked about what will we see dramatic change or will be more moderate leaning democrats act as a check on this progressive agenda or what about the actual economy overall which is different than what we see in the stock market there is definitely a disconnect between the economy and markets. i through i mean let me just share some breaking news which just it really came on a bloomberg terminal that now official in his official according to bloomberg and it is control of dems now it's not really me as you need us on this was saying was that the policy policies will be dictated by democrats and that means more fiscal support whom forward in 202-1101. but

2020 gets what you want to recover or do you need to move higher because of the fiscal and monetary policy support now you've seen in a given the fact that this policy support is going to go into high gear so. once i hear scott market how well our what if i had one or 2 they do 120. the number of bankruptcies or will it lead not just that it's the highest level since 2009 the financial crisis it is now companies are sitting on the largest debt so the have been able to award who are in some of the pandemic cause great risk by inflating their balance sheets being extra debt this debt is very much like a poison for these companies and what am i expecting perhaps with another possible

lock down because you know in the u.k. we are facing a 3rd of national and in biden's presidency there are chances that perhaps we may see more routes trick mushers or possibly a national law that have been you bet that bankruptcy number is going to go through the roof you know kristie when we talk about lock downs in the pandemics effect on the economy private payrolls in december contracted for the 1st time since the early days of this pandemic you break it all down for us. now after a few weeks of dollar's claims going up again and over 20 americans still on unemployment rolls and less had already anticipated the fairy week $75000.00 rise in employment from a.t.p. in december however the saying is that number ended up being a lot much much worse with the a.p. reporting about 123000 drop in employment which is the worst since april so you have a large and small businesses in this loss in jobs in the services and hospitality

of the share in transportation sector is that all the biggest drop in jobs as large swaths of the u.s. economy has shut down once again to come out the code that spread so new restrictions have nasha down restaurants as outdoor eating has become less practical with the colder weather setting it so companies have laid off a net of $19400000.00 workers and have recovered only 9 point $0.90 so a large franchises such as disney and mary are they have also announced large inductions in december so the only industries that are still seeing slight girls there in professional and business services and educational and health services so now new jobless claims likely broke back about 800000 as we await their estates be clear what is really concerning is that right now new jobless claims during the survey week spike to a 3 month high of nearly $900000.00 so the momentum has weakened significantly and that kind of will likely persist in the near term as they come in just continues its terry from the shutdowns and a slowdown in and i here's where the fun starts

a bit coy has been continuing its rally actually crossing $36000.00 for the 1st time what's contributing to this rally and where can it go from here. well i mean right now it's there is this through into our hearts about it it was a stretch what can it go from here i think that the next major target but the number which is going to make the headline to be 50000 is not 40000 years or it is pretty 1000 we already there are major ball street institute such as stupid morgan the in there come out with their own pretty to where they believe that along to a mile you can go as high as 146000 and we all know with respect to bitcoin bets as a team with respect to demand a buddhist practice supply you cannot preach you cannot have more but quite the quantity is already agreed now what we really need he seen among investors

especially among situation in messes is what we called for more this sitting there been sitting on the side and for a very long time now of course some of them they have to get involved into the market and then they've started to increase it and put when you look at shoot from one percent to 5 percent but they blew the rest of the which had been sitting on the sideline i think it took a 6 or so supply is where you must limited now demand is obviously coming in institutional side so i think it is a good time for us to get involved and that particular factor the fact that the are believing that this is another risk of acts that were in which can be classified as restore of value is britney pushing the process tight kristie i give you the final word yet about 30 seconds. well right now as to where it's going to go once proposed that there is a cold parity valuation where gold is just that the supply is just about 12 trillion dollars so that's about 20 times greater than the market cap or quite

today which currently at all time highs is $604000000000.00 so basically ensure that the value of work to reach parity with the price of gold it would have to increase to about 6 $100000.00 which from here seems absolutely unthinkable but that's also what we thought of that began 2021 point 24000 dollars and look where it is now a muslim chief market strategist at every trade co-host christine thanks for breaking it down. thank you thank you for having the child out for a quick break but hang here because when we return the ongoing china delisting saw that continues as the new york stock exchange has flipped yet again professor richard wolfe is standing by to offers insight on the recent crackdown on chinese tech companies from the u.s. government and as we go to break here the numbers at the close.

in the war in syria has lasted longer than world war 2. has been suffering the most in this almost and dug in long conflict regular syrian people need. is more than when you live in a village. i could see everything with my own eyes inherent to stories of its residents one group in particular russian wives of syrian man. to look up to.

their welcome back. another day another escalation in tensions between the u.s. and china on the technology front president donald trump signed an executive order today banning transactions with 8 chinese apps now the order includes and groups payment app pay as well as cam scanner sherritt tencent q.q. or 10 cent q.q. q.q. wallet we chat pay the may and p.s. office now the executive order says a quote aggressive action must be taken against developers of chinese apps to protect national security interests the commerce apartment has $45.00 days to

decide which specific transactions will be banned under the executive order a spokesperson for the chinese foreign ministry weighed in on the move wednesday saying quote this is another example of the u.s. bullying arbitrary and heads of monic behavior the us is overgeneralizing the concept of national security and abusing its national power to unreasonably suppress foreign companies which is detrimental to itself and others the relevant measures will certainly have some impact on the relevant chinese companies but more importantly they may damage the interests of u.s. consumers and the country for more on this let's go ahead and bring in professor richard wolfe host of economic update and author of the sickness is the system when capitalism fails to save us from pandemics or itself professor always a pleasure what do you make of this latest move by the trump administration regarding these chinese apps. well if 2 it seems i find remarkable

the 1st is that a president who sat with 14 days left is passing on the border about a star in niger and take up the 45 day in other words this is an order has absolutely no power no weight makes absolutely no difference because everybody involved the york stock exchange the chinese know that a new government is coming in long before any of this action will in fact be taken so think of this mostly as more political theater scapegoating the chinese so that the american people suffering from the terrible depression economically and from that i am damage as some foreigner to get angry at you are the 1st to have a trump he wanted us to get angry at immigrants now he wants us to get angry at the chinese he's been doing that it's mostly he is the 2nd. government

we're not with you are a private company a country that developed at 1st was the united states we had the biggest military establishment in the we're all. kinds of waves with general motors general dynamics general electric apple google you know maybe it wasn't countries were to take the quality of the trump mega straits they would be sanctioning our companies because of the relationship between them and in defense of our country nobody does that we are the only ones in the we're all. of the punishment against and of course the world sees this as a deterrent to go after in an aggressive way chinese economic and that has not succeeded in the last 40 years and i see a row chance for it to have

a more success in the future you know you make the point about whether this is going to happen as the president where hit in the sunset on his presidential term just 2 weeks left before the inauguration of president elect joe biden and it reminds me that a couple of weeks ago we spoke with our friend john quelch from the miami her business school who made the point that maybe things won't change between the relationship between china and the united states so much because you know the democrats have actually been critical been criticized because they're not hard enough on china from the left and frankly he said that this may be a little bit of a a favor to the by ministration do you see the biden ministration pulling these back or does that does he keep these in place. i think that might mean ministration from the little i can gather just having a debate already and one that will likely continue between those who think that what trump is trying more of our war was

a terrible mistake the last 40 years 30 years i've seen the bench truth the united states never had at a time when an act that we were trying to not break the chinese would benefit from abuses well this was a very useful collaboration and they don't see why that should stop now especially in that gets dangerous with competition that could become military on the other hand from a miami pointed out there are those who believe that the chinese are up and that the united states or to in some way slow them down 1st is really this effort to slow down is sort of weak as never were the british you know and tried to stick around when we became an independent country look how that worked out we were a colossus there are small planet of that colossus the chinese are not going to

change what has worked really well for them in order to what common date summer we should in the united states what rate of economic progress they should so i think it's going to be fought out very quickly and i don't think mr trump's aggressive actions which are mostly verbiage are going to help the situation and i want to hit on this quickly and i really got to get a yes or no out of this there has been an ongoing saga regarding the new york stock exchange this week on monday it announced the big board willis chinese telecom companies in accordance with a white house executive order and then on tuesday they said no we won't do that after we talk to regulators that when they apparently they spoke with the treasury secretary steve and they said ok we will do this on terra level i mean is this confusion just what's happening during the trip administration with these policies yes or no because i do have to go. yes complete chaos in the white house it has been for a long time your shiites and the rest and gays only good to somebody else. this

is a lame duck and this is the way the lame duck quacks professor richard walsh host of economic update thank you so much for your insight today thank you. and that's it for this time he has boom bust on portable t.v. check it out app or double dot t.v. we will see you next time. 2021 we're going to c.n.n. staying phenomenon in point 21 you know america has been exporting its inflation at

china for 20 years and now china's caught up to america and now all that money of printing that's been going on for 2025 years is going to show up as real inflation . has changed many american lives but pharmaceutical companies have a miraculous solution. based drugs to people who are chronic pain and believe that their opioid prescription is working for them in the remedy he said to. price at the. grocery dependency and addiction to opiates to long term use that really isn't scientifically justified and i'll study actually suggest that. the long term effects might not just be the absence of benefit but actually that might be causing long term.

data that it. will faithfully killed in clashes that broke out when trump supporters storm become powerful in washington whether the president and his successor react very differently to the violence threaten you the safety of duly elected officials to protest its insurrection and we kids.