President. The bill is to big table of the reset and. Global powers decide who pays what and according to what youre saying there looks like. The u. S. To pay the most because that economy is the worst in terms of its been using the World Reserve currency the u. S. Dollar to expand its empire over. To the far reaches of the glow. Heads you know many of this now no longer works. This is the one business show you cant afford to miss a boring washington coming. Could stay still to december. As another wave of kobe 1000. 00 infection slims europe the United Kingdom will reimpose a Major National walk down straight ahead we take you across the atlantic for the latest plus as the u. S. Election campaign nears an end we take a look back at the horse race and the big dollars that fund it we have a packed show today so lets dive right in. And we lead the program with the latest lockdowns in the u. K. Is europe continues to see a surge in coping 1000 cases. Now the announcement from british Prime MinisterBoris Johnson comes as the nation eclipsed 1000000 confirmed cases of the coronavirus the new restrictions will begin thursday the 5th of november and last until the 2nd of december the Prime Minister spoke about the new measures on saturday in this country alas as across much of europe the virus is spreading even faster than the reasonable worst Case Scenario of our scientific advisors whose models as youve just seen now suggest that unless we act we could see deaths in this country running at several 1000 a day now is the time to take action because there is no alternative because day until the start of december you must stay at home you merely leave home for specific reasons including for education for work thats safe you cant work from home exercise creation with your household only your own with one person from another household for medical reasons appointments and to escape injury or home to short for food in essentials and to revive care for Vulnerable People as a volunteer. Johnson defended the decision monday saying there was no alternative but to take action meanwhile the handling of the pandemic has become a Major Campaign issue in the president ial election in the United StatesPresident Donald Trump on sunday took issue with the latest set of lock downs in europe while on the campaign trail also discussing what he believes will happen if former Vice President joe biden or to win the white house. Europe of poster coney unlocked cases were surging and deaths were surging but think of a draconian now they have to do it all over again what the hell are they doing i think im going to go over to. The vida lock down to a mean no school no graduations weddings or you know thanksgiving. Nobodys sure is no chris reason is no for the generalized and no future other than that i think hes doing what a good job right. By these locked up youll be living in a prison state thats what it is there want to lock it down. And we may be inching closer to a coburn 1000. 00 vaccine as astra zeneca announced sunday regulators in the United Kingdom had started an excel aerated review of the companys potential vaccine during these types of reviews the medicines and Healthcare ProductsRegulatory Agency or m h r a is able to see Clinical Data as it comes in and communicate with the drug maker on the state of manufacturing in trials to speed up the approval process astra zeneca has vaccine which is being developed with Oxford University has been seen as one of the front runners in the Development Process fellow front runner fires are said friday it had begun an all accelerator review with the m h r a as well so with all of this in mind lets go ahead and take a look at the trends and spread of the virus globally with our t correspondent science having her side where are we monday so right now the Global Economy iras total stands at over 47000000. 00 and growing at about 1200000. 00 deaths now Europe North America and latin america are accounted for about 70 percent of the global case says that over 79 percent of the global debts now the u. S. Leads the world in their number of cases and thats what over 236000 and a growing now sundays numbers there were lower but the 7 day average is now at the highest the country has seen you see right there on top so right now were 45 for. Sent up compared to 2 weeks ago now in fact cases have actually been increasing in cross the country at the fast this raid since the start of the pandemic brand now take a look at the us right now every single state the reason everything here is green is because we are seeing record higher cases compared to 7 days ago now michigan reported more than 4000 new cases on sunday its 3rd highest since the pandemic began after hitting a record last week now high oil theyve also reported its 3rd highest daily total after reaching record levels at the end of october now other states that have seen a higher numbers recently reported lower daily figures for sunday including wisconsin and pennsylvania but only because the number of new cases reported tends to be lower at the beginning of the week because fewer people get tested over the weekend and thats theyre up 19 percent compared to last week now some of these numbers for example wyoming yet again with the highest 14 day change and thats 533 percent montana right now has a 158 percent spike and its called 1000. 00 that thats wisconsin thats 167 percent new mexico 78. 00 south dakota 68 percent and its not just bret its not just death spread but hospitalizations are also on the rise which means that there are going to be leading to more deaths in the coming weeks so obviously not the direction the nation needs to be going right now brant then so are we actually just spoke about the u. K. Lockdowns can you give us a rundown of the block those european nations are facing right now so a large parts of europe and theyre lockdowns this week with more country joining the list of nations you know they have this. Cited that a tougher restriction is the only way to stop the virus from getting out of control although some would argue it already has because listen numbers dont lie you know we mentioned you care earlier they were already past the 1000000 mark and they have the theyre the country with the highest death toll in europe we see right here that trend is going higher and higher and therefore we partial lockdown in england starts november 5th so its less strict than the 1st one they had in march which was but right now its nonessential shops. Are closing but schools and universities are going to be remaining open and now i want to go to germany theyre going into a partial lockdown starting monday and you see their cases are also trending up now this new measure will close bars and restaurants and hotels while keeping schools open and germany is also in another bad situation addition to their cases going up because they are no longer able to track infections back to the source known as Contact Tracing a very important element in controlling those viruses now in italy you see them going up once again theyre seeing a surge in new cases now their government imposed a new curfew and which has led to anti lockdown protests that we have been covering nonstop here now france last week entered into a new lock i mean take a look at this. They were under 5000 cases a some under 2 now their head over 50000 cases a day so now their new partial lockdown is going to last about a month which schools and workplaces remaining open but people who are crying permits to actually leave their home now want to go to belgium just take a look at these actually no lets do spain 1st so spain they when they were looking good in september but then towards the towards the beginning of october they started going back up and now you see once again theyre reaching anywhere from 1220000 cases. Per day now theyre having partial lockdowns on the clusters around the country that is seeing the most cases now and now lets go to belgium i mean take a look at this so in sid tembe are they were seeing less than 400. 00 cases per day now fast forward about a month and a half they are seeing about 15000. 00 cases a day now they announced the partial lockdown starting monday and thats their latest because they have the highest infection rate in europe now this new lockdown means non essential businesses will close until mid december last may i want to go over poland they to again take a look at this in so temblor they were and they were getting about 1000. 00 cases a day now theyre almost at 20000. 00 cases per day so even though poland already had the highest level of restrictions to date in europe with public gatherings being banned School Clothes and restaurants closed they still have managed to see this huge spike so lots going on in europe which will be covering constantly bring into our viewers brant correspondent saya temperature thank you for keeping us up to date. And Global Equities rebounded monday after that massive selloff we witnessed last week so lets go ahead and take a look at whats driving markets with us cohost christiane and the managing director of the Market Gauge Group and author of the bestselling book play your money tree a guide to growing your wealth Michelle Schneider thank you both for joining us today michelle i want to start with you is the rebound simply because everything got oversold last week or is this driven by easing concerns did anything really change between today and friday aside from more coronavirus cases. Well actually on friday we started to see some positive signs if you separate what is happening in tech in the fang stocks and that is not altogether on expected considering i know we have talked about the fact that the big big stocks had not much. To go to the upside and we look at where the money started going in to on trying a small caps the transportation the retail the banks which hadnt really seen any great rotation on friday will grind came into those areas at the end of the day and on a weekly basis they held technically where they were supposed to so the follow through today is really not necessarily that big a shock and yet if we also step back its still very small within the big range that we had yesterday so really a lot remains to be seen as we continue the week kristie j. P. Morgan actually just downgraded the tech sector for the 1st time in 2 years what are they see. So the tech sector as the china said its basically driven this entire rally since march so now j. P. Morgan downgraded from overweight to neutral saying that no matter who wins the most there will be a change and market leadership so this downgrade comes after the nasdaq fell nearly 9 percent since october call which is basically just shy of correction territory so j. P. Morgan isnt the only one taking money off of tech now David Einhorn and Greenlight Capital and known for its the jerry shorts he recently published a piece to kind thats the tech bubble popped on september 2nd when both the s. And p. And the nasdaq all time i saw according to him Investor Sentiment is shifting as the bubble is toppling under its own weight as everybody and every last robin hood he has basically bought into this tech rally adding on dips and covering every single last short so theres no more incremental buyer all the way up here and j. P. Morgan saying the same thing and its now pushing all of the value stocks in upgrading bank names like michelle said from neutral to our way so this actually accelerated today and accelerate the tech selling today as in see this rotation going into banks which have been a terrible performer year to date down about 4. 2 percent in the euro zone and its looking really cheap down here so this time around their Balance Sheet are a lot more resilient so any. And would be good for. Our markets setting up for these president ial elections tuesday what are investors piled into and how are they hedging for a potential long term policy shift if there was a change in power in washington. It seems like the market is actually hedging for either candidate to win because today if you look at classically what happened today you have a huge amount of money going into the cannabis stocks and even though separately there are 5 states that have the causation of cannabis on the ballot really federal government cooperation is going to be key to whether or not that can rally sustain so we saw some money there but we also saw money going into oil and gas the old oil and gas also alternative energy so you can say that really the money is sort of spread out for either or and i think theres one major reason for that no matter who wins there will be a stimulus package how that look specifically we dont really know but im going to take the guesswork out of this a little bit a finite a as floor traders we would look at opening ranges and then we would trade off of the breakout of the breakdown of that range we have done a lot of Historical Research on election opening ranges and really you feel look at the range from today monday to november 6th the high or the low next week really if you dont want to over think just follow the range buy stuff that breaks out that would be the bullish ones to buy and then sell dollars or just know that these things will be barest of things that break down to the underside and really its that simple so it takes a lot of the guesswork out in terms of whos going to prosper and whos going to fail depending on who joins now kristie i know you like to keep an eye on the Crypto Market how about bitcoin how is crypto actually positioned going into the president ial election. Well the big climb is literally just dollars away from its highest monthly close so this set of going and elections its actually looking quite bullish especially we look at a few factors going on right now so firstly regarding the elections no matter who wins the result will be pretty good for safe haven such as gold and because i mean on the us situation for markets in europe thats looking pretty bleak with the new lock down restrictions being implemented across continents so now the e. C. B. Also confirming more stimulus and more money printing with democrats and republicans at full strength for mike more stimulus because it is looking pretty good as an inflation hedge so secularly we also have the support of institutional as they continue to just so the tween pay pal which is the 2nd 20th Smartest Bank my deposits coming in you know square greyscale micro strategy and all that its really safe to assume that all the remaining big quine in existence theyll be eaten up by all the other companies so they point right now theyre watching the next few days very closely because if bitcoin stay above 10000 i to morrow i elections we could see another rally wait because i know there are because i will have spent 100 days above 10000 consolidating and stabilizing and so while i hit predictions on all that if we look at what happened historically now going tends to get in by an order of magnitude whenever its been is above certain price points or 100. 00 days so its a really interesting pattern to point out one prediction or anything but it is a pattern because after staying above 10. 00 for a 100 days it took only 120 minutes are going to reach 100. 00 after staying above 100. 00 for 100. 00 days you hit a 1000. 00 and have a stamp of a 1000. 15 days 810000 so at any rate its coinciding with a major us catalyst whether thats coincidence are straight and no matter who wins more stimulus or war money being printed these translation which works out perfectly. Cohost Christiane Michel schneider of the Market Gauge Group thank you both for that expert analysis. And the new brand. And time now for a quick break but hang here because when we return election season 2020 is winding to a close the United States so straight after the pause we bring you up to speed on the funding of this horse race and as we go to break here the numbers of the close. Sputnik 5 has the world. Just like its namesake the original. The 1st draft of a to leave. Orbit the worlds sidewall many questions remain unanswered about russias new vaccine the authorities are confident enough to go forward with mass production. Models for. Whats going on in the family states please we may see you specifically say life in the because no one from the. Real radio received. Interest in preliminary requests. Billions those of us fresh overseas. All right this is happening all the way to go and the reaction has been exactly the same as it was way back then journalists not jealous not the world reaction is made of green cheese. Little a little boy would. Do much good for. Welcome back the 2020 president ial election has come to the end of its cycle and there are a number of reasons that this election will go down in history but one of those reasons this will be the most expensive of all time that is until probably 2024 joining us now to discuss is boom bust cohost ben swan so bad can you break this down for us the cost of this election how much was spent on the president ial race and how much went to congressional and senate races yeah its pretty incredible and youre right its probably going to be a record that only holds for about 4 years but if you take into consideration how much total were talking about 6600000000. 00 lets break down how that compares if you talk about what was spent on congressional races in 2016 the amount that was hit was 4 point 1000000000. 00 in congressional races this year its projected that number was 7200000000. 00 so nearly double the amount that was spent in 2016 and then also on the president ial race 2400000000. 00 was and spent on the president ial race this year is expected to be around 6600000000 so the numbers are just unbelievable when you think about how much that spending has just vastly increased print over where it