Coming in. I. This is boom bust the one business show you cant afford to miss or in washington coming up. Because hes 19 and then hes the greatest prize of own age. As the globe is seeing a surge in coping 1000 cases u. N. Officials are calling for world solidarity to fight the pandemic straight ahead we break down the state of the virus and how markets are reacting to renewed fears plus amid the potential europe is facing gridlock at the United Kingdom and European Union are hashing out the details of a post directed trade agreement we have a pack show today so lets dive right in. And we lead the program in the United States is the country is seeing a record surge in cases of coke at 19 on friday the u. S. Reported more than 85000. 00 new cases eclipsing the single day record by roughly 10000. 00 now the 7 day average for new cases is also the highest on record averaging just under 69000. 00 per day over the last week and as we continue to see a global spike in cases u. N. Secretary general antonio good terras spoke about the crisis and its Economic Impact during an online session of the World Health Summit on sunday 1000. 00 pandemic is the greatest crisis of motor age just 7 months since he was the clearance over 1000000 people have died and tens of millions have been infected cases i see rising and you spikes and waves a little clearing in places that had suppressed the virus for many months the indicted of the pandemic is wreaking havoc on societies and the economies vixens test. Bees are more than life savers they are economy savers and society savers there is no choice between saving peoples lives and saving jobs protecting people from divinyls is the best way to keep schools open and businesses running and amid this latest wave some european nations are looking good imposing new restrictions to slow the infection rate so with this in mind lets take another look at the trends and spread of the virus globally with r t correspondent side strategist star where are we monday so brand the number of people diagnosed with covert 1000 is growing every single day across much of the world so globally were almost at 45000000 current firm cases while death stand at 1160000 and growing now the u. S. Has more tases and deaths than any other country and right now with more than 8900000 confirmed cases while over 230000 deaths now even with these numbers now theyre all still likely far lower than the actual number of cases thats being reported now breaking down the actual numbers just for the u. S. Now overall case numbers in the country have reached frightening new records across recent days branches like you mentioned just on sunday at least 339 new deaths and almost 6060000 from cases now new cases are up 32 percent while deaths are at 12 percent now this is all compared to last week so this is where and then this next map is where the new cases are actually getting higher now some of the worst go through seeing right now is in Rural Counties and small metro areas but infections are also reach record levels in more than 20 states including illinois tennessee new mexico nebraska and utah and of course to increasing cases is also leading to more hospitalisation thats going to all timidly lead. 2 more deaths now while we head into a very dangerous winter theres also a new study by the university of Washington School of medicine that indicates the u. S. Could see more than 500000 so have a 1000000 total deaths by the end of february and thats if states continue to ease pandemic restrictions which of course most if not all states already have now looking globally i also want to break down for our viewers the top 10 countries with the most reported new deaths in the last 24 hours because thats really important to see how countries are doing in terms of reporting their new death now the u. S. Down the list but india im going to actually save to the and youll see by but the 2nd one is of course the u. S. Which you already talked about they reported 339. 00 new deaths on sunday and another 103. 00 so far which i discussed earlier of were definitely going out of control right now now looking latin america they were already dealing with a 2nd wave now while brazil there or theyre ranked 3rd worldwide in the number of cases and have already surpassed 1000000 infections back in june that colombia and argentina they have also now surpassed 1000000 cases and theyre registering hundreds of new deaths per day now meanwhile mexico they havent even reached a 1000000 a confirmed case cases yet theyre experiencing the highest death rate in all of latin america all consequences of a very weak Public Health system and social factors like poverty and poor government decision early on thats resulted in very little Contact Tracing now taking a look at europe the u. K. Italy they have both reported the highest new deaths from any other country in the region so italy they have just impose a month long restriction and cause much. The country defied new rising infections that shut down jim pools movie theaters putting an early curfew on restaurants the u. K. Has done the same theyre putting partial lockdown on areas where clusters of new cases are being reported now i want to talk about the middle east now iran right now is the hardest hit country and not just with cases but also with total deaths and now theyre reporting a death every 4 minutes so think about it from the time i started the report from the time im going to walk away one more person has died in iran now iran is blaming the u. S. For their sanctions pervert from preventing them to tackle the outbreak properly meanwhile washington is accusing iran of incompetence governance Good Governance and that lastly i left india for the last because even though there reached about 8000000 cases and more than 820000 deaths india is still a 6 of the worlds population think about it and yet that only account for 10 per cent of the worlds deaths because their case fatality rate actually is last and 2 percent among the lowest in the world so although they show up in the list as number one in terms of new death its actually very low compared to their population again being contributed to the very low death rate and so the race for recovery 1000 vaccine is obviously making many governments step up in order to help the process along by and theyre providing billions of dollars in funds to companies to scale up manufacturing even before the drugs have been approved but the difficulty right now brant is that many countries are looking forward to a vaccine which may or may not come which may or may not be effective in the short term all long term so the outcome of all the trials is being closely monitor on the world and well bring the latest to our viewers as we get that information brant the correspondents are tablature thank you for keeping us up to date. And with the latest surge in cases and a lack of a covert 1000 stimulus package here in the u. S. Equities have fallen sharply on monday so lets dig into whats happening with markets and the economy with boom bust cohost christine. Baranski c. E. O. Of optimise l. L. C. Thank you both for your time today i tell you i want to start with you here because u. S. Equities they have deep in their losses as european nations move to tie it up their lockdown levels aside just mentioned to combat the resurgence of copan 1000 cases worldwide are we back to where we started in march or will we lose this entire recovery rally as we break through these Technical Support levels. Well i think already depends on how governments are actually going to see the sabean lockdowns come back but we saw it in march and april and i think the indication if you look at nepean side is that governments are being somewhat circumspect about the subject some resistance from the population you see demonstrations and. And he looks so things are getting a bit uneasy at the part of the populace has a bit of the fatigue you are seeing was also mentioned is that the number of cases in german cars on through the roof at this stage the much much higher than there were during the height crisis in march and april and yet the death rates and the lag quite considerably so that might be something worth examining thinking about so as a result the government has put into into place some sort of action but its almost impossible homoeopathy you know france a few between 9 pm and 6 am as if the virus only propagates between those seems a bit pointless to do this that so that they simply sort of symbolic acts on the nothing else so i think the government through locked up pushing hard lockdowns and the population doesnt like him or these governments im running out of cash the furious rate d they can you afford to go into lockdown again so theyre going to wait for things right i cant go i sniff it. Every thought every word you see markets going at this point are we at the top end are we going to lose some of this or do you see it moving forward continuing to gain. Well i think the markets become some im divorced from reality so if you look at the the speed of the Market Recovery that weve seen in the code at 19 its remarkable its also quick and stronger than anything else in the last 100 years or so and you know early stages of this crash weve basically looked like were tracking 129 but as soon as the fed stepped in and they reset everything except the kitchen sink. Very hot so that is really whats driving markets going to see if the fed not decides. Woodgrain by his look doesnt need more. Stimulus moccasin was from positively to that and i think the balance of the list is the state is going to do that theyre going to step in again even more aggressively to keep the markets where they are markets divorced from reality for sure now kristie as the market is plunging monday another problem is actually emerging in the bond market as the default cycle is beginning to hit whats happening there. So its a really scary thing as bloomberg colors that right now on hold and start fighting over recoveries as low as one percent so thats insane and shouldnt be a surprise and weve been discussing this actually constantly in recent months that bankruptcy filings are surging so instead of recouping about 0. 40 on the dollar which was the more important unsecured lenders now face the prospect of walking away with just pennies if that so recently we saw mens wearhouse which filed in august trying for less than 0. 02 on the dollar then when j. C. Penney went bust the lowest price that was worth just 0. 12 Neiman Marcus was at 0. 03 on the dollar so these are all record low recoveries for bondholders with the median being 3. 05 so this is way way way below the median for the last decade which was that 20. 04 so while this shouldnt be a total surprise many creditors they were caught off guard again this is another reminder of the long lasting repercussions of the feds easy money policies weve had over low rates which helped Risky Companies sell risky bonds and creditors they were more than happy to accept and encourage this behavior given the higher yields in order to earn a return in the market so literally for the last decade companies have just accumulated astronomical levels of debt after are in cheap money and then topping up with even more to get this and nothing but now these very same companies theyre gradually getting a wall where there is more downside and more room to fall from here as valuations collapse and get depressed so this could lead to a very nasty fall cycle and now octavio obviously as we just talked about markets despite you know what were seeing monday and markets then as they can still perform remarkably well as tech stocks have really rather rallied during the pandemic obviously because of need but poll this poll show that democrats are moving further in favor when it comes to the election thats just over a week away are there concerns of a change of political power putting greater pressure on tech giants when it comes to regulation and theres a lot of lawsuits out there that were that weve been talking about in recent weeks and how is that going to affect the overall market as these tech giants are basically the only Things Holding the market up right now. I rue the premise of the question that the democrats are more likely to come with and to trust faces against Big Tech Companies moves in a Republican Administration come out with a began to trust case against google which is much much bigger than anything we saw on the Obama Administration so if you go back to the Obama Administration the b 2 antitrust cases all want to get a whole but against often a very very specific. Base. Price ebooks so them are a narrow defined case. And there was another case against American Express the guy the. Ground and the basis of other credit cards so those of certainly limited in scope will seem a Republican Administration come out with is much much broader in scope because the question is will the democrats continue that i think theyll most or do not and this i think might well hamstring someone like everything any innovation. Is going to have to go through compliance and through the legal route and the whole nature of the Companies Like exchange and thats something weve seen tech giants and. Once they get too big an exam to trust that they just go they become. And they lose that last 2 groups im afraid something like. In the coming year or so as they grind through this also its definitely interesting to see because it when we see so many aquas it is issues in tech how that might affect things now kristie i want to hit on one more point here before we go and group is poised to raise 34500000000. 00 in the biggest i. P. O. Of all time as it set the price for its shares on monday whats the latest there. So thats really exciting and interesting to be able to get around i can like this and i know when and best our appetite and rest and basically shot by this never ending cycle of bad news so this ikea wall cement and grip as one of the most valuable companies and authentic. As it will even surpass saudi aramco 29000000000 last year so this is going to be a dualistic split equally across the shanghai and hong kong change issue and 1670000000. 00 new shares and each location priced at 60 point they arent be so acquired it wimmer Institutional Investors subscribed for over 76000000000. 00 shares which is about 284. 00 times i. Q. Offering troches so with that level or subscription and could very well exercise or over Allotment Option so this basically shows that the appetite for the offering is very clear even in the midst of all the uncertainty play in the economy and the geopolitical landscape so Global Investors they have basically largely shrugged off the concerns over the growing regulatory scrutiny and the potential for the u. S. State department to add and group to trade blacklist instead they are now betting on the continued rapid growth of and as a leader in disappearance and mobile Financial Products so bold and investors there charting had full scale with a landmark offering just days ahead of the u. S. Election so shares are likely to start trading only after the us vote on the member 3rd which could spark tremendous market volatility if the mode is either disputed or delayed boom bust close kristie are in october c. E. O. Of optimist l. L. C. Thank you both break it all down for us. Thank you. And time now for a quick break but here because when we return the fate of details hang in the balance of the e. U. In the u. K. Are continuing talks regarding the continental bourse just on the other side of the pause we bring you up to speed on the state of negotiations as we go to break here the numbers that the. An entire village in alaska. If another country threaten the wife of an american. We do everything in our power to protect. Wanted a skinny thing Climate Change poses 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. Is fast and the river is. Closer how. Was your boy as they were part of the 1st for. The world is determined by. The day or thinks. We dare to ask. And welcome back after years of the boeing airbus dispute between the united the European Union and the United States u. S. Officials told the World Trade Organization they regret the move to pursue retallack tarried tariffs according to reuters the u. S. Favored a negotiated resolution the news came at mondays meeting where the deputy o. Gave formal clearance for the e. U. To place or tell a story tariffs on 4000000000. Dollars worth of u. S. Goods the u. S. Delegation said the United States strongly favors a negotiated resolution of its dispute with the over the massive launch aid subsidies it provided to airbus adding the United States has recently provided proposals for a reasonable settlement that would provide a level Playing Field now the us has already imposed 7500000000. 00 in duties on the e. U. Last year the e. U. Tariffs are expected to take shape until after the president ial election next week. And talks between the United Kingdom and European Union on a post trade deal will continue after that use chief negotiator decided to stay in london until wednesday of this week show barn yes has been in london since thursday of last week as the 2 sides resumed stalled talks but was expected to return to brussels sunday as negotiations were set to move to the belgian capital the 2 sides have previously said they needed a deal by mid october if it were to be implemented before the end of the brics a transition period at the end of this year as we have talked about in the past the main points of contention remain fishing rights and the level Playing Field rules so for more o