this is boom bust still one business show you can support a bit more in washington coming up the u.s. fight against covert 910 used to heat up as president biden has announced that nearly all adults will be eligible for a vaccine within the next month straight ahead we have a vaccine expert on hand to break down the process and with the economic uncertainty from coronavirus ebing it seems that cryptic currencies are here to stay boom bust ben swan is standing by to bring us up to speed on the rapid adoption process with a packed show today so let's dive right in. and we lead the program with the state of the back senior a lot bio and 2nd pfizer will manufacture an additional $500000000.00 doses of their corona virus vaccine this year bringing their total production to 2 point $5000000000.00 doses by the end of 2021 now the announcement came during bio and

takes an annual earnings call on tuesday when it counts profits of over $430000000.00 for the 4th quarter compared to $68.00 a $68000000.00 loss for the same period the year prior before the pandemic now the german pharmaceutical company says it has over $1400000000.00 in cash and players to use some revenues for other research you will remember the german fire a suitable company made headlines early in september after receiving $445000000.00 from berlin to support its development of the copen $1000.00 vaccine and in july the united states had agreed to pay nearly $2000000000.00 for the 1st $100000000.00 doses of the vaccine once it was approved by u.s. drug regulators. and meanwhile as we talk about increased supplies of covert vaccine u.s. president joe biden on monday announced increased access for most americans in coming weeks. i'm pleased to announce that at least 90 percent of all adults in

this country will be eligible or vaccinated by april the 19th just 3 weeks from now because we have the vaccines. for the vast vast majority of adults. you don't have to worry too much. now while much of this seems like good news not everything in the vaccination effort is going as planned archie correspondent cited tempter has more science you know you're exactly right so while the u.s. might be on track with the vaccination rollout europe is questioning the safety and one of the most commonly available vaccine astra zeneca all while a 3rd way of the pandemic crashes over a europe now multiple countries are currently either completely halting or putting an age restriction on the use of astra zeneca as cove in 1000 vaccine after germany recorded 31 it cases over a rare blood clot in the brain 9 of which resulted in deaths now 18 countries mostly from the e.u. but there are some outside of the e.u.

like thailand indonesia democratic republic of congo they have partially suspended the astra zeneca equipment 19 vaccine while possible side effects are investigated and what i mean by partially is that this vaccine is now no longer given to anyone under the age of 55 since younger patients are mostly at risk for blood clots and while countries like norway have extended a complete pause on the vaccine others like canada france germany sweden finland and other countries have imposed age restrictions meanwhile a few countries like kossovo iraq and india are accepting the risk and will continue distributing it to all age groups but then of course this is not the 1st time that astra zeneca is being questioned many european countries briefly stop using a vaccine earlier this month for the same problem but after earlier reviews the

european medicine agency decided to continue using the astra zeneca vaccine since they said that all the benefits still are weighted it's rist now the world health organization all. greed with them but since dead most european union countries had resumed its to use fully until now and scientists are really scrambling to understand the scope of this you know so far most cases have been observed and women under the age of $55.00 but that could be because many country initially use astra zeneca only in people younger than $55.00 because early clinical trials included fewer older recipients and the men that the vaccine will use in priority groups such as a health care workers and teachers a majority of which are women in fact in norway for example 78 percent of the astra zeneca doses went to women however in the u.k.

astra zeneca was 1st administrating older people which may explain why they had fewer side effects again so far just assumption by scientists while they continue studying the real cause of the side effects brant sorry even if they had issues with the vaccine in the e.u. there were supply issues correct no that's exactly right vaccinations in the 27 member blog had been constantly delayed by production issues and sore shortage as you see you know the e.u. decided from the beginning that they would make all vaccine agreements and purchases to gether as a block and the reason behind that was that the e.u. worried that if each leg were left each of its member countries i should say were left to acquire vaccines for themselves smaller and poorer nations wouldn't be able to buy enough but really quickly that you realize they hadn't purchased in all vaccines causing clinics anywhere from madrid to paris to rome to cancel

vaccination appointments to the shortages now some e.u. nations however decided to take things their own hands and book away from the blog hungry is an example they decided to buy. this would negri vaccine directly from russia you know as a result has vaccinated more of its population than any other country in the usa should say now following hungary's lead austria is in talks with russia to buy 1000000 doses of this wouldn't agree vaccine this by not having been approved and brant are to correspondent saya tablature thank you so much for keeping us up to date. so for more or for some analysis on the state of vaccines and the roll out let's bring in a real expert in the field dr william schefter vaccine specialist with vanderbilt university's medical center dr schaffner always a pleasure to have you on and last time we had you on was 2 weeks ago today and it feels like we were talking about the exact same story with astra zeneca is there

anything new here are these blood clots a concern or is this just safety 1st. i think it is safety 1st brant because syosset the european medicines agency gave it a clearance they said there may be a very very rare risk of a blood clotting disorder but in comparison to the risks of coated there was no comparison the public healthy question solved in favor of using this vaccine remember this is a cheap vaccine that can be made in very very large amounts it can be held in normal refrigeration and it was thought to be the big banks thing that would be used in much of the world particularly in the developing world so at the moment the the astra zeneca vaccine is in kind of a bit of a limbo here what i think they're looking forward to is as they apply to the food and drug administration for emergency use authorization here if they get this that

will quiet a lot of the criticism around the world and when you talk about using it around the world specifically in developing nations is there a concern that you know in the court of public opinion the damage has already been done about this vaccine we've heard so much bad press about it need is there concern about that. of course there's concern about that and so if it starts to be used in large amounts it will have to be promoted in terms of preventing kogut which is very bad for you all right and now we heard a lot about this on monday about a c.d.c. study that showed pfizer and madonnas vaccine were actually 80 percent effective after just one dose now of course the number goes up to 90 percent after 2 doses is there significance to the one dose efficacy where when we know 2 is better than one and we're actually seeing increased supply so does it really matter that one dose

is really good. well it does matter in the sense that if somebody can get their 2nd dose right away they still have substantial protection but of course everybody who's taken one dose of pfizer or maduna is absolutely encouraged to get that 2nd dose because that 2nd dose really boosts the end of body response very very high and helps protect them against some of these variant strains so it's very important to complete your series and i want to talk about this because it is a big topic of discussion at least among probably kitchen tables throughout the united states in the world what about them how long the actual inoculation will last because based on clinical trials we know that it's going to last a minimum of 3 months because that's the timeframe of those studied in the initial tests of the big 3 pfizer madonna and johnson and johnson now is this going to be a situation where you know here in the united states while the last group is actually finally getting vaccinated the 1st group is going to be getting back in line for their booster another round altogether well we're

a little bit ahead of the skis here you're very interested in knowing how long the protection last believe me we are all so so we will determine that as we go along in the meantime let's make sure everybody gets their 1st series of that exceeds yes we may be doing some boosting down the road but that's far from decided at the present. and i want to talk about this because on a global scale there's some talk of vaccine nationalism a little bit of what cya just mentioned the worry of nations holding back baxi and to take care of its population rather than sending them out to developing nations that may need them we've seen the e.u. set up export rules for delivery while india is actually held back nearly 2500000 doses of that astra zeneca vaccine to meet domestic demand is this going to be a major issue with the rollout. oh of course it is you know we don't live in a perfect global community just yet and it was clear that the developed countries

would take care of their own populations before they started to think about that needing the world but this is a pandemic even if the developed countries vaccinate their population we have to be concerned about new variants occurring in the developing world and reintroducing the virus to the developed world so we must think globally we have to extend the benefit of prevention to the entire world's population and in the last one before we go there are concerns that a new vaccine may need with it be we needed within a year as mutations and new strains as we've been discussing could render current drugs ineffective if that a real concern for you dr schaffner well it's something that everybody is considering in fact those 2nd generation vaccines have already been made just in case and they're starting to go into clinical trials so we'll have them available if we meet them. dr william schaffner of the vanderbilt university medical center

thank you so much for your time. my pleasure. and a huge step forward for crypto currencies as pay pal has announced that it will now allow checkout with crypto for its users now this move makes pay pal one of the largest mainstream financial companies to open its network to crypto currencies and helped fuel a rally in virtual coin prices big quinn has nearly doubled in value since the start of this year boosted by increased interest from larger financial firms that are betting on greater adoption and see it as a huge hedge against inflation joining us now to discuss the toasted investigative journalist and crypto analyst don't forget that ben swan and then explained the value of this move into the crypto space for pay pal. yeah i think it's a pretty big move certainly it's a big move for pay pal is actually

a good move for for people who hold there any kind of like going theory i'm becoming cash those are the currencies right now so here's how it works what basically pay pal is saying is if you hold those particular forms of crypto if you go to check out from pay pal with any one of its 29000000 merchants around the world you will be able to use your crypto currency by converting it into fee to make the payments so in some ways it's like pay pal is taking on the role of an exchange because they're taking your your bitcoin or crypto currency select ones and it's converting those currencies into right there at checkout the merchant gets the fiance and pay pal is making the conversion for you and taking a fee so it's actually a pretty good system in terms of creating some real world usage for crypto i got news for you if your pay pal is the name most people who hold are not going to spend it but those merchants because they're going to haul their big why they're

not going to spend it but in terms of the actual technology and the point that this has been an effort for many years in the cryptic community of creating real world 'd usage of crypto this but expedient that process pretty significantly now for pay pal themselves is this really about them saying we'll convert that then we can hold that because one which is gaining a lot of value and that's just money for us that's basically an investment in a store of value. yeah i think there's some of that involved in i think that pay pal though recognizes that this is where currency is headed so the sooner you're able to establish the systems of by which you are able to convert easily and make these transfers from a crypto into a currency the better they're going to the other thing that i think that would be of extreme value here is that pay pal is ultimately not going to like how the i.r.s. treats this business because if you receive crypto and then you turn around and convert it into with the currency it's treated like property it's not treated like

you're making an exchange of currency so because of that this might actually expedite some of the changes in terms of the way the i.r.s. views this because when you have big players like pay pal at the table they get things done as opposed to just the everyday crypto user. made news on monday saying it allowed the use of crypto currency u.s.d. coin to settle transactions on a payment network so tying that with the pay pal news how do these moves by these companies move the crypto space forward well i think it does move the critical space for it is interesting here because with these is doing is they're working with a very specific kind of crypto which is as you said is the u.s.d. coin basically it's a what's called a stable coin it matches whatever the value of the u.s. dollar is at the time is tied to the actual coin itself so it doesn't fluctuate as much as others because of that announcement went up and went up but it doesn't actually affect that quite or theory it is just another example of how digital currencies are becoming a part of the landscape so visa's doing something very different than one bastard

card is doing master cards working with more crypto currencies these is keep it to that u.s.d. coin even so though it does move the whole space forward because it creates more of a mainstream usage of crypto which should be a surprise to anyone that it's happening but it's something the crypto world is eyes as i said has been moving towards for a long time so it's very helpful in that respect co-host ben swan thanks so much for breaking this all down for us. you got it. and time now for quick break but when we come back the next battlefield by ministration is shaping up to be a major overhaul of u.s. infrastructure will welcome a panel to break down how markets are reacting out of this fight and as a break here the numbers of close play.

in the 1920 s. and thirty's several 100 african-americans moved to the soviet union and many of their descendants still live in russia. again at the most because they know no rush but us throw up our stuff yes it got worse cyclone things on your way. back home black american suffered from racism and a complete lack of prospects. is that lump us mother will not be a losing one by elsa store or by doing. so they decided to leave everything behind and start a new life in a country about which they knew almost nothing at all and some of the american reared groups who were too through during the night. found great crowds. to moulay a golf you know going to call you and now almost

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in the depths. orem even the shallows. drugs don't do is come from unscrupulous dealers but from pharmacies to in every state in the united states we've seen very sharp increase in the number of people seeking treatment for addiction to prescription opioids invented america under the banner of medicine persisted with the pain that instead of trying to wean him off though she did those at their dose after dose. and really became his drug dealer who's to blame patients don't use manufacturers.

welcome back ships are once again moving slowly through the suez canal on tuesday after that giant 1300 foot container ship the ever given was freed opening the crucial waterway to traffic now amid the nearly week long saga more than $400.00 vessels had been blocked from the canal which accounts for roughly 13 percent of global maritime trade and 10 percent of sea borne oil now the freighters that were delayed carried goods like grains energy and livestock the latter of which receive priority for passage as their cargo was deemed most at risk now as traffic resumed oil prices dipped again but this is also ahead of an opec plus meeting set for thursday where the body is expected to extend production cuts through may. and u.s.

10 year treasury yields hit a 14 month high on tuesday amid optimism over the economic recovery but this comes as the nation faces fears of inflation and anticipation of the biden administration several trillion dollar infrastructure package for more on this and what's moving markets today let's bring in blue bus co-host christy i'm michele schneider of the market gauge dot com thank you both for being here christine i want to start with you the 10 year treasury yield a hit its highest point since january 2020 topping 1.77 percent what does this actually mean. well it's almost 2 different sides to rising rates is it being driven by fears of inflation or by optimism about the economy and lately it's been driven by fear the market is indeed experience heightened volatility this week amid the continue after articles and you also have the tech complex drop in pressure by the latest reflation scare and even though there wasn't a specific catalyst for the sharp move higher bond they had the week ahead of biden's u.s. infrastructure plan details so the u.s.

treasuries care more about the inflation than the arch and biden's speech might be a catalyst for deeper so as the u.s. economy starts to bounce back there are increasing talks of information especially after the $1.00 trillion dollars stimulus package signed earlier this month analysts say that there is that risk of inflation pressures will be less transitory than expected increasing the odds of the fed sitting behind a car and then later being forced to change course more rapidly than projected a number show us stocks are actually struggling to rebound as bank and tech stocks continue to have lead the decline how are investors positioned in this market going into the 2nd quarter. well we have seen this great rotation into small caps in transportation some retail particularly as we're talking about anything related to home goods and also consumer discretionary and that's where the money continues to grow in terms of the actual nasdaq and the big tech and the mega kept yessing are definitely being impacted by the rates in the recent rise in rates and they've been

under pressure underneath their 50 day moving average but then again so are the small caps so what's really has to happen here right now is that i think the whole market wants to see these rates ease a little bit and they actually did by the end of the day at least come down a bit from their highs so i think that whereas also even though the arcos situation hit the banks because they lent margin money to sue the company they actually are holding up pretty well too so i think what we're seeing right now in terms of the normal value as i said retail smallcaps transportation which met all too hot time hides that money will continue banks i think will continue to get some money and terms of big tech it might be right now waiting for the next quarter earnings to come out and if they see anything in the remotely optimistic you could actually see money going back into those growth stocks pretty easily i would watch for those march. to hold and any kind of turnaround here as i said in the rates. we're going

to talk about there at the top of this segment brant crude and our both trading lower month to day as ships resume moving through the suez canal now the attention is now on that opec plus meeting on thursday how are things shaping up with that. saudi arabia is likely to emerge opec and its allies to extend the existing $1000000.00 barrels per day production carsten a at the same so why the prices are selling off is telling us that investors think that this may not be enough especially in light of weaker demand and you're at softness seen in china european countries are tightening movement restrictions for . there are many yet another spike of infections and the u.s. is also reporting higher new infection rates despite accelerating vaccinations and reuters cited that russia too was willing to back a further extension of current cuts but it also wanted to secure approval for a moderate increase in its own production to respond to higher seasonal demand at all so the e.t.i. fell about 1.6 percent from

a delivery of brant fell 1.4 percent though both still remain up more than 20 percent year to date so far prior to this latest out of weakness the market expectations were that the group would start easing has more aggressively from may as we head into the summer driving however it seemed like expected to be bad and demand has not materialized at all the reopening trade has not been as aggressive as forecasted so it likely mean that opec will take in more cautious approach and it's increasingly likely that opec will hold album levels basically unchanged to avoid another selloff michel we related to this at the beginning of the segment as well president biden looks to reveal the scope of ambition of his new spending plan this week what is expected from this infrastructure plan and what does it really mean for the economy and continuing to stimulate that is as he's been trying to do since he took office. well to answer the 1st part it's a very wide ranging infrastructure that is. proposed tax increases both

to companies and to the wealthiest so they're planning to spend willy millions of dollars on roads bridges broad broad and domestic manufacturing they want to boost research and development funding they want to improve caregiving for the sick and the aging and basically to pay for that they're looking to raise the corporate tax rate from $28.00 from $21.00 and the individual income tax rate from 37 to 39.6 plus added on realized capital gains at death so essentially biden is calling himself the lyndon johnson 1960 s. great society the f.d.r. now. team thirty's type of situation that of course didn't exist at the time but climate change is a big part of it too and of course its whole idea of china and trying to deal with china with the i.c.c. now looking at the listing some of those china stocks or as biden said because they're going to eat our lunch if we don't do 'd something in terms of what this is going to do for the economy no one is going to argue with the fact that an

infrastructure package is desperately needed in this country for many reasons not from just job growth but even for morale as we continue to slip behind asian countries in terms of our infrastructure as far as all the taxes and costs and the spending that's where i think to see some sticking points and how effective if any agreement can be made between the 2 sides of the of the fence michel schneider of market gauge and christie i thank you both for that analysis today thank you. and that's it for this time he gets boom bust on demand on portable t.v. which is available on smartphones and tablets through google play in the apple app store by searching portable t.v. what if you can also be downloaded a newer model samsung smart t.v.'s as well as roku devices or simply check it out a portable the t.v. the next time. i

guess the block clock is really the emerging truth you know time magazine call it the truth machine and it showing the truth about american politicians that they're full of hot air they have nothing to say they still everyone's money they collect taxes they spent on themselves they created this out of fashion and they killed people overseas in the name of far quality. humanity has never seen such strange natural phenomena before giant creatures appearing in the mountain in shoot up. one after another. one never doubted camp again you could use to get your foot you know them done love with those of attack you would hear. this one appeared in 2020. how

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germany's friends use of the astra zeneca vaccine for people under the age of 60. rare blood clots including several fatal cases. the wall street. kurtz opens talks with russia to my 1000000 doses of its sport make a vaccine despite the job not getting approval for the e.u. . and other cultural debates reducing from the softer a left wing politician insists white people should have no say in discussions about racism. because reporters heading your way in just a few moments time as this deal hobby will be in this she doing here in an hour's time to bring you the latest global news updates join us here at the international that.