Full picture with a packed show today so lets dive right in. And we leave the program here in the United States as President Donald Trump addressed the social distancing measures taken within the country to limit the spread of the crowed a virus during his Daily Briefing wednesday the u. S. President pushed back against the idea of a nationwide locked out leaving it up to states to make the decision. There are some states that are different so there are some states that dont have. Much of a problem there is so low they dont have the problem they dont have thousands of people that are positive with thousands of people that even think they might have it for hundreds of people in some cases so you have to know that you have to look at it you have to give a little bit of flexibility but of the state. In the midwest alaska as an example. Doesnt have a problem so if you have to say closed. And the u. S. President was also asked about travel restrictions in the u. S. As a way of mitigating the spread. I am looking at hotspots and looking where flights are going into this some of those some of those flights i didnt like from the beginning but closing every single flight in every single area and this is a very very very rough decision but we are thinking about the hot spots we go from start to focus and well let you know fairly soon. And the u. S. Now has more than 200000 cases of crowd a virus with more than 5000 deaths now its time to take a look at another global look at how the world is being affected by this pandemic and for that were joined by our chief correspondent sorry tabular saya tell us whats going on around you know the global virus has just reached over 1000000 cases and over 50000 deaths but i before i go over whats happening globally i want to mention that until last month the u. S. The worst week in the u. S. History for filing for unemployment was 695000 people and that was in 982 well as of now 6600000 americans filed for unemployment and that number is going to keep growing as 10000000 americans have so far lost their jobs and the u. S. Is still ahead with over 220000 infections you know a nearly 2400. 00 people have died just in new York New Jersey and connecticut combined and thats a little bit less than half the National Total and now in other areas which have been hit really hard if not actually worse expert warns that italy is actually undercounting thousands of deaths indicating that the death toll may be actually much greater infections far more and italys official death toll from the virus right now stands at almost 14000 the most of any country in the world and you know since the start of this pandemic people in spain who have been hit very hard. I theres wire as to were told to stay inside but now thousands are going outside but not for social purposes but to stand and unemployment lines as more than 800000 workers in spain lost their jobs that just this month in march now thats the highest monthly drop in modern history and today spain i also had their highest death toll with and 950. 00 dead and elsewhere in europe france u. K. And germany combined have over 8000 deaths while netherlands and belgium are actually climbing the list with over 2000 deaths combined brant whats happening in turkey and greece how have they been handling the spread of dissent well ground turkey has so far not fully halted Economic Activity and imposed quarantines on just 18 provinces in fact turkish president receptor early on is still insist that turkey showed showed quote to keep turning the wheels in the economy and that people continue to work to to continue to work me line in greece most of the cases have actually been in refugee camps much of one of which is a home to about 2500 people and thats currently on the very strict quarantine after 20 our residents tested positive for the virus brand now there is a big story going on right now with 2 cruise ships again cruise ships kind of it weirdly at the center of this pandemic off the coast of florida whats going on with that well originally it was just one cruise ship it was a dutch own zonda and with over 2500. 00 passengers aboard and now that quick ship then idled off the Pacific Coast of Central America after the cruise line and now is that some 200. 00 passengers when in fact it and 4 actually died on board then after nearly 2 thirds of those passengers they passed a medical screening and then they were moved into is on the sister ship. Ordered dom and now bull vessels are headed to Port Everglades and for a larger they all in florida are not designed as caring about your 1000 passengers and crew and their word on almost 6 carrying a little under 1500. 00 passengers but he remains uncertain if theyre actually going to be allowed to disembark in florida on heres the issue brant the u. S. Coast guard is telling a cruise ship to be prepared to care for anyone thats tested positive for the virus at sea or to actually seek help from countries other than the u. S. Says the Florida Health care system is already really overwhelmed and the u. S. Is not alone here you know several other countries have deny permission for the ship to dock and bark passengers but the cruise ships a president is really urging of stories to show compassion and to be generous in the face of humanity so its a very heartbreaking story heartbreaking indeed science have injure our t. Correspondent thank you so much for that insightful report. And as there are lighter you can always catch the latest news and information regarding the crow virus on portable t. V. s coronavirus tracker now its been an up and down day for u. S. Equity markets giving up substantial gains before bouncing is the labor departments report its huge unemployment numbers here in the u. S. Now oil has also had a actually a good day as major by the to marks gaining as much as 30 percent at times throughout the day boom bust cohost christi i has been following the markets and filed this report. As u. S. Equities take a small bounce today before fading on the back of energy and stabilizing oil prices traders are cautiously looking ahead to the new initial jobless claims number after posting an unprecedented 3300000 surge this week is expected to be even worse with Goldman Sachs estimating a jump of up to 6600000 this is a 2 week sum of 10000000 new americans claiming unemployment benefit with california pennsylvania and. New york leading the charts the group being hit the hardest are those between the ages of 25 to 54 years old primarily coming from the Restaurant Industry retail leisure and hospitality clerical and the gate economy now with more than 80 percent of americans under some fire lockdown this is far from over as unemployment rises the chances of a quick recovery fades as the economy will quickly decelerate and come to a grinding halt the contraction in consumption resulting from unemployment will further reduce revenues and earnings for businesses which will increase the debt and duration of the recession over the next few months Consumer Staples remain in the spotlight as americans hoard staples like toilet paper flour sugar and cleaning agents walmart krogers and con agra are the clear winners in the pandemic trade as investors are now reevaluating positions in this new normal where there are no dividends no buybacks and basically no profits in light of the shutdowns now over on the oil front President Trump announced after speaking with Saudi Crown Prince and president putin he expects them to announce an Oil Production cut of 10000000 barrels easing pressure on oil and ending the price war that has ravaged the industry details of the production cuts remain unclear as analysts noted that the u. S. Could have to give up something in return in other words saudi will reduce output only if others join or oil has a down over 60 percent year to date so the big question posed by many is should we just let the industry go bankrupt its already subsidize and leverage to the hilt and this would accelerate the push towards clean energy so why does not let it fail it was only last year that the us was boasting that the shell industry had rendered opec useless and irrelevant and today american shell producers are getting crushed with White Petroleum before michelle darling filing for bankruptcy. Well it seems like the u. S. Will not allow the oil industry to fall the u. S. Oil industry is far too big and too important and encompasses the entire drilling in the strait the rig makers the offshore rigs exploration and production pipelines and refining so to allow to fail would mean massive bankruptcies and layoffs but most importantly its a matter of National Security and to allow the industry to fail will be in giving up Global Control back to saudi arabia as washington scrambling for ways to protect the sector President Trump has announced hell be meeting with the Big Oil Executives on friday to discuss a range of options including the possibility of tariffs on oil imports from saudi arabia as details emerge of a truce between saudi and russia traders still remain very skeptical as President Trump has on more than one occasion exaggerated that we were quote very close to a deal when in reality there were just incremental news flow the papas being sold off and brant settled back at support at 30. 00 handle and the dow gave up its 500. 00 point morning rally and major indexes data gains as well back to you brett. And thank you kristie lets bring in more expert analysis from our friend Todd Horowitz chief strategist at baba trading above lets lets actually start with these unemployment numbers 6600000 claims in a week. And it seems its only going to get worse we talked about how it could reach 30 percent or just earlier this week what do you make of these numbers and how concerning is this. You know if theyre worthless or meaningless because we know its going to happen this is not a surprise this isnt because of a Major Economic slowdown this is because companies have to close because we cant create now is it going to cause a problem yes theres going to be a problem in the supply chain theyre going to be a plot problem everywhere and many of these businesses will never come back but the other day its not something that happened because the overall economy was weakening i mean i felt we were already in a recession before we got to this part but this is just all news driven and again youve got to shut down so business at the layoff employees and thats or trying to see them avoid by all this free money that theyre not getting from the fed but at the end of the day its not a surprise and we shouldnt be shocked by it because these numbers are artificial because once we go back to work and once we can open up the country were going to be back at normal rates but if you think that were in a recession youve said it here on the show many times were already in the recession so when all these people are forced to lay off workers like they are now who are having to face the unemployment lines but the reality is so many of them are going to go back to work because unfortunately these businesses are going to fail somebody people are not going to make it out of this so i just see that see that as a huge concern here. Is a concern but again i think you know a lot of the companies will come back and other companies are going to be hiring because listen lets face it the companies that survive this are going to need more employees so they will take up some of the slack of the people that are going to go back to their Small Businesses you know again one of things we know about business is that we can do x. Amount and from that x. Amount those people are going to have to work so whats going to happen is the Bigger Companies that will survive this or the Stronger Companies that will survive through this period will be able will need more employees to hire and they will go to the open pool that is there now is employed by going to be a 3 and a half percent you know anytime soon no i mean will probably when its all said and done will probably. We end up somewhere in the say the 789 range when we get back to work and then well start growing again from there but again we were in a recession this was started before the coronavirus its just been accelerated because of it and now weve talked about oil quite a bit lately as the commodity has just been ravaged and we saw Oil Prices Bounce today as much as 30 percent at times what do you make of whats happening with oil as this news comes out of the white house speaking with the saudis. What you know as you as i talked on monday ok i said that theres going to be a bounce i mean you know again its such a reprieve are repressed level that theres going to be some sort of a bounce we got the bounce now again you saw today we did we right up to about 28. 00 bases may crude and we close around 24. 00 and a half so i guess either were going to probably work our way lower again this was a Quick Reaction which really caught a bunch of traders on the short side so this is a good old fashion rip your face off Short Covering squeeze and the end i think we start settling back down not over go back to 20 but i dont see its going to 30 anytime soon horowitz above a trading thank you so much for your insight as always well have you back soon. And time now for a quick break but hang here because when there is so much more after the problem and as we go to break here are those numbers at the close. We. Believe it was. I cant show you my face but im going to teach you must story in 1903 this man was sentenced to death. Charged with capital murder even though he didnt have the gun didnt pull the trigger didnt intend to kill anybody imagine living in your bathroom for that week with the scent of a 23. Confined within 4 green walls. Using a. Turn on to help him to leave defense room. For a few micrographs friends arent sleights and dad sed you know whites or men for example theres theres fights against women or nonwhites so its always you know the idea is that statements that directed toward a Privileged Group are interpreted differently than a statement directed toward an oppressed group and so thats kind of the whole framework and its a its a political framework thats used the result is of course focusing at least on certain kinds of minor slights and say more rather than a north more than we need to call attention to them but its not all slight so its a very political in this context and. In london Julian Assange is standing trial on whether he will be extradited to the u. S. To face espionage charges the stakes could not be higher saunters libya even life is on the line freedom of speech is also on trial though you wouldnt know that the mainstream media. Treat. And welcome back u. S. Airlines are facing their deepest crisis ever that according to officials in the Airline Industry who are warning that in the midst of the coronavirus commercial flights have all but come to a complete stop from march 24th to march 28th flight aware track about 2 180000 flights which is roughly half the number of flights from the same week a year earlier now the transport association said todays crisis is far worse and more widespread than after 911. 00 when u. S. Airlines lost approximately 19600000000. 00 in revenue in 20012002 after the terrorist attacks the Us Government provided 15000000000 dollars to airlines in compensation and loan guarantees but the crisis is far worse so the big question is can the Airline Industry survive joining us now just such a boom bust cosen investigative journalist ben swan ben always a pleasure to have you now the big question here is can the Airline Industry not just in the United States but globally survive without massive government intervention. I get that is the question is and i think the answer to that is probably not but its also they dont have to find out if they could survive because theyre not going to have to find that out the reality is governments are already bailing out airlines all over the world look that march 27th bailout that was signed by the president of you know the u. S. Economy that 2 trillion dollars theres 58000000000 dollars earmarked specifically for the Airline Industry in there we know that over in singapore the Singapore Airlines just got 14000000000. 00 as part of a rescue package in that country so so Different Countries are handling it in different ways but one thing is pretty consistent across the bar which is that most airlines are getting some kind of bailout from some Government Entity in no way the governments putting so much cash into these airlines is there a possibility that more airlines find that governments begin to take equity positions in their airlines rather than just bailing them out. Yeah thats a thats a really good point and i think thats what were going to see is specially in a lot of other countries i know in germany thats being discussed right now with on the airways over there they are you know trying to get a bailout from the German Government but the German Government is saying were going to probably take an equity position and own part of this airline if we do this and listen as a free market i dont like the idea of governments taking equity positions simultaneously you have to look at it and say these companies cannot survive on their own why wouldnt governments take some kind of equity position in the airlines because clearly they cant survive on their own when a crisis hits its essentially an investment into the business so most now meanwhile exactly instead of just giving away taxpayer money absolutely and end up British Airways is also saying its in talks to suspend about 80 percent of its cabin and ground crews this after having already reached an agreement to cut pilot pay by 50 percent now u. S. Aerospace giant boeing is also saying that it may have to cut permanently couples issues within the company are we about to see a new normal of contraction in the Airline Industry about 30 seconds for you ben. His real quick i think i think it will be a momentary contraction i think it all come back certainly you know it as todd world would said a few minutes ago the same thing with the unemployment numbers what were seeing right now is not the result of an economic crisis it is a pandemic or a virus crisis and virus economy should the bounce back pretty quickly once life gets back to normal whatever that new normal looks like when its interesting because weve talked continually on this show and youve been all youve done as well about how we have been in this recession that theres a bubble ready to burst so its wonder if the coronavirus is actually going to create that maybe create some long term issues cohost and investigative journalist ben swan thank you so much. And the World Health Organization is european arm says 95 percent of europeans who have died due to the corona virus are over the age of 60. That over 95 percent of. Those older than 60 years. And as the United States has more cases of the crow virus than anywhere else in the world how prepared is the Health Care System to discuss were joined by the host of the news of the Rick Sanchez Rick sanchez full disclosure here rick is also the founder of a managed care company in south florida rick thank you so much for joining me here i think the big issue here is we have 62000000 people on medicare in the United States most of them over the age of 65 some of them are disabled young people is the system ready to handle that medicare is the best thing that can happen right now given what were dealing with with the coronavirus and let me explain to you why people over the age of 65 who are on medicare in the United States know who their provider is not only do they know who their provider is they actually have a group of providers in many cases who are dealing with their health thats why its called managed care theyre managing the care of that individual you and i and most americans can barely name a doctor we go to because our Health Care System is so confusing so why is that so important during a time like this well think about this for a minute if the doctor knows who the patient is knows their telephone number and knows where they live they can immediately contact them and say heres whats going on right now were in a pandemic i need you to stay home do not come to the office for your appointment we will send someone to you we will send truck or a van with you or prescriptions we need you to stay home in these in other words theyre communicating with them theyre sharing information because whats key we dont want that 65 year old patient to go to a hospital where the system is already burdened and my gosh heaven for having forbid whats going to happen they can get sick and at that age if they can get it if they get sick theres a real good possibility that they could die. I mean we know that there have been some easing of the testing will now be covered but were also seeing access a lot more access to care for medic. Recipients but the big issue is what about payment for treatment what are we looking at there are these medicare recipients going to have to pay big money out of pocket everything is being waived right now even for people who arent on medicare but remember and lets think of the model now how does medicare work. If rick sanchez is your bars doctor if i am your doctor i only get paid if i can take care of you if you get sick and go to the hospital i take a hit financially so the way medicare is designed in the United States and frankly i think its a brilliant system i think any time you can incentivize someone to do well and in this case its to keep somebody healthy i think its a better system so as a result anything that i as a doctor or is a system can do to keep you well and keep you the hell out of that emergency room or d some hospital that already has too many people with it and they could barely find a ventilator for you the better it is for me so the last thing im going to do is charge you for anything at this particular point in time and i want to talk a little bit about a broader Health Care System its this pandemic because were talking about a lack of beds a lack of ventilators like a massive lack of doctors really and a lack of everything and you know a lot of people call that a failure of our Health Care System which i can understand that but also if you look at it this is a once in a lifetime experience that we maybe maybe its a once and i want universal failure yes i mean the right word you used is failure i mean yeah its a failure of the Healthcare System its a failure of planning its a failure of the government its you know i was talking you just talked about this one he and i were talking a little while ago and you remember after 911 when we learned that there had been a warning from intelligence saying the United States is about to be hit by terrorists using planes it was ignored right theres also been warnings on this the United States will be hit with a pandemic do we have enough ventilators do we not have enough hospital beds well blow because well as we know the system as its designed it does you no good to have a hospital bed and nobodys using it but you have to think we have to have these in surplus for the day the eventuality of this comes we didnt do that we just didnt do it and its interesting because i tend to believe that whats going to happen here is in the future we will i mean not to be say prepared but we will have those beds we will have those face best we will have those ventilators to. As you mentioned 911 look at post 911 air travel completely changed because of the act one a vent now because of this are we going to see all of that ready to you know be ready in the future lets hope so i mean youd think wed be wed be foolhardy not to take this as an example in the future and change that but right now we just somehow got to get through this and hope that the burden on the Health Care System is not so much that people die needlessly and thats really all were trying to stop right now were trying to stop so many people all from getting sick at once so that they dont all die at once heaven forbid rick sanchez host of the news with rick sanchez thank you so much for joining me today and always appreciate having you on boom bust it always appreciate being on your show as well thanks and thats it for this time boom bust on demand on the brand new portable t. V. App available at smartphones through google play and the Apple App Store by searching portable t. V. Or stream us to your t. V. By downloading the portable t. V. s on apple t. V. And online a portable dot t. V. You can also find our coronavirus tracker on the portable t. V. After you get the latest news and information about the spread of the virus and as always check us out on you tube dot com slash 2 must r t c next time. I. It is now a time in america for the surf class the workers who are making minimum wage they cant survive they have to have 2 or 3 minimum wage jobs theyre rising up theyre going on strike. Style one of the fallouts of the copen 1000. 00 play wont be much higher wages are long overdue. Your government and our government and all the other major governments of the world know whats going to them and when its going to. But they havent told you and they havent told me they havent announced. Imagine something as big as the earth. Is going to cause tidal waves or earthquakes volcanoes erupt and its going to chill. So very for a while right. My great grandfathers. Nobody would care about the law or prison so youd have wallace the shoot of. A terrible life between the and the. Join me every thursday on the alex salmond show and i was speaking to guest of the world of politics sports business im show business ill see that. Welcome to redacted tonight v. I. P. Camp lets get into it on tonights show the front runner for the Green Party Nomination for president how he hawkins ill be talking to him about the failure of our government to address coronavirus and the economic crisis as well as why Bernie Sanders wont call out the election manipulation that is rigged in the primaries against him also on this episode naomi caravan e with mind blowing old news and much more but 1st lets talk about how wall street is now having discussions on whether it might be better to kill millions of us than to continue to damage their stock prices this is real according to reports the debate among the ruling class is over whether or not to walk back some of the measures taken to slow the spread of the virus efforts already considered tardy and adequate by Public Health experts in order to minimize business losses yes the titans of wall street the people who own our society and most of our lawmakers those people are discussing whether it makes more sense to simply kill a few 1000000 people you know just a few mill then to continue to safeguard our lives thats the discussion theyre having at the highest levels right now i mean this you dont really be a surprise because these men and