Toll now at nearly 74000 with more than 1300000 a comparable cases in japan Prime Minister shinzo abbay said he will declare a state of emergency for tokyo and 6 other prefectures as early as tuesday. We have opinions from experts that the government children here 1st state of Emergency Declaration i want to huge scale never before seen night we have decided to give them internet konami measures sort of 108 trillion yen one trillion us dollars which is equivalent to 20 percent of japans. Japans Health Ministry house confirmed more than 3600 cases including 84 deaths china cautiously opening back up as a large crowds began to fill popular tourist sites in major Cities Health authorities are warning the risk remains on monday the National Health commission reported. 78 new asymptomatic cases confirmed on sunday thats almost double compared to saturdays 47 infections the surge poses a threat to one china the epicenter of the virus that is supposed to allow people to freely leave their homes on april 8th the 1st time in nearly 2 months now over to australia where police have launched a criminal investigation into the docking of cruise ship ruby princess passengers were allowed to disembark in sydney this despite some exhibiting flulike symptoms more than 600. 00 people on board that ship later tested positive and 10 have died so far in the middle east iraq is the worst country hit with the pandemic while its still struggling to contain the virus on monday Foreign Ministry spokesman told journalists that iran will not seek assistance from the u. S. To battle the koven 1000 pandemic. Because look we have not made and will not make any request to the United States of america to send medical and Health Assistance to the Islamic Republic of iran it is not our policy to request help from the statesmen of the american regime what they are seeking and have revealed as well is to keep iran in this difficult situation and predicament so they can take advantage of it until the iranian nation is worn out and desperate and goes to the negotiating table the countrys Health Ministry said 136. 00 have been reported in just 24 hours bringing the total death toll to 3739. 00 with more than 60500 confirmed cases meanwhile in europe britains Prime Minister Boris Johnson remains hospitalized for observation after complications from the krona virus he is now in intensive care due to a high fever recommended by doctors the u. K. Recorded more than 5300 death and more than 52000 confirmed cases on sunday spain saw both the smallest increase in death toll in one day zz and the smallest increase in the new number of infections this was since the start of the outbreak the country that toll is more than 13000. 00 with more than 135000 cases which is only thakin to the United States the country still today with the most infections that the u. S. Has more than 352000 cases and more than 10000 people have died Health Officials are warning things will get much worse the u. S. Surgeon general jerome adams said the week will be the hardest and the saddest for americans he even compared it to pearl harbor and 911 this while President Trump said that we dont have enough time to wait for a vaccine thats one of the things with a vaccine when we have a vaccine we have to do it just because when you inject that vaccine when they take what ever it is they have to take we have to make sure does it have a horrible impact destroy the show. Body good so we have to test it for a long period of time this one not so much because its been out there now im not acting as a doctor im saying. Do what you want but there are some good surrogates for new York New Jersey michigan illinois and louisiana all hotspots where numbers are surging as governors across the country think scarce ventilators ever more numbers and information on the krona virus be sure to check out our portable dot tv app and look for the section tracking chrono virus. For a Market Analysis lets turn to boom bust cohost Christine Christie how are the markets this monday. Well sarah u. S. Equities jumped monday gaining over 6 percent as the number of new coronavirus case in the u. S. Appeared to slow down well it is still too early to determine a lasting trend there are signs of stabilization and hostile rates which helped to lift sentiment and some of the most batter names are getting a lift a with Carnival Cruise lines up over 25 percent as Saudi Arabia Sovereign Wealth Fund revealed that it has built up an 8. 2 percent stake in the Company Analysts continue to upgrade names such as tesla on e bay on the hopes that the rebound this time is for real however j. P. Morgans jamie dimon issue a note of warning saying that he expects the crown of ours to include a bad recession with elements of financial strain similar to that of the 2008 downturn j. P. N. Dividend may also be suspended in order to preserve capital and that was a message that has shocked the entire industry citibank likewise also warned that Global Corporate earnings could fall by 50 percent in 2020 and that stock prices have further room to drop to reflect the likely profit decline so while we are getting some relief today and might still be too early china which has started to reopen the economy after now being victory against its battle with corona virus might be falling back into another cycle in his rush to restart the economy another cluster has emerged as china reported 39 new cases as of sunday. From 30 a day earlier so it does appear that the disease is reestablishing itself yet again and that round 2 of the pandemic may just be Getting Started or oil prices however fell monday by 6 percent despite sources claiming that moscow and riyadh were quote very close to an oil deal to reduce output now this deal brokered by President Trump would finally bring much needed stability to the oil markets where they would cut production by up to 15000000 barrels the market was expecting a meeting to be announced on monday but tensions between the parties have escalated yet again and that has been pushed out and delayed now until thursday we hinted last friday that this oil deal might not be so straightforward and that the u. S. Will also have to give up something in return saudis oil minister on sunday mentioned that it will need the support from produces outside of opec plus specifically citing the u. S. Canada and norway so it seems like it will be our all in or nothing type deal russia and saudi arabia will need u. S. Participation in some shape or form to cut production along with them. Well thank you christy for that abba more we want to bring in peter schiff c. E. O. Of Euro Pacific Capital now peter i want to start by asking you are we starting to see a turning point as christi pointed out in the market as we get better data out of the coronavirus death or has all the news now been priced at and do we have a bottom now. Well i would tend to doubt it you know too many people are focused on the pin and ignoring the bubble that the pinprick you know before the covert 19 shut down the u. S. Economy was long overdue for a severe recession and the u. S. Stock market was long overdue for a bear market so i think that call would virus simply accelerated the onset of both and so d although its going to happen is that were going to return to a recession and a bear market so i would not get excited about this rally i think we still have a long way to go on the down side and the economy i think is going to be even worse well chrystia your thought some people even comparing this not only now to the 2000 it recession but to the Great Depression that we havent seen and our lifetimes kristie your thoughts. Yes i agree with peter on that that this is not the end this is not Something Else found and we still have a long way to fall because i think earning power along with the fall we still have massive unemployment tail tail from this entire coronavirus epidemic and were nowhere near the bottom right now the s. And p. Just reached the previous level of 2600. 00 so right now its been proven that we found 2600 as it tries to attempt to gain support level or and then out bush a long term bottom this really has been a roller coaster in the past couple of weeks one day its down the next its up i mean and im sure there is theres more to come as you both have said now peter on friday the p. P. P. Program the president signed into law it was gradually rolled out but what has been the response to this matter. Well i mean as you would expect a lot of people are trying to line up for whatever free money the government is handing out but of course its not free there is going to be a heavy price to be paid in terms of the loss of purchasing power of the u. S. Dollar as prices respond to all the new money being created by going off plus of course these programs are doing far more harm than good. I dont even think theyre doing any good but what they are doing is they are exacerbating the downturn and they are going to push the recovery off even further into the future because the government is basically encouraging businesses that should be downsizing and kind of adjusting their cost structure to the new reality instead the government is encouraging them to hold onto employees that they would be better off letting go and freeing up to do Something Else instead theyre going to keep some employees entrenched in companies that are probably going to end up failing because they refuse to lay off people and so instead theyre going to have to lay off even more people later and i think a lot of these loans are never going to be repaid because even the people that dont fire their workers a lot of these businesses are going to go out of business because they didnt fire their workers and then everybody is going to be out of a job and the governments not going to get any money back because the loans have no security and theres no personal guarantee and thats thats been a big issue here also the repayment of these loans and whether or not these Companies Like you said will actually be able to pay for them especially with the rehiring of these employees without letting them go kristie i want to ask you fed board as saying has said that this basically jobs will come back and that the markets will come back as well as soon as the coronavirus and theres no timeline set to that will these jobs even come back. Well it is likely that the child will eventually come back but as we said previously we dont expect has been shaped recovery as so many analysts are so optimistic about simply because there is such a long tail with the coronavirus and we have to back and forth between a very heavy supply shock with which weve seen in china already and then we coupled that with the demand shock right now from lack of consumption if people dont have jobs they dont have personal income that they dont have disposable income to then spend on consumption and services etc so it becomes a very strong back and forth the balancing between the 2 and so that makes the tail of the. Very very long lasting long lasting indeed as you said earlier that china could be seeing a repeat of a 2nd cycle which is something that dr fauci has said time and time again and warned the United States and the world of but peter i want to talk about gold its up over 3 percent today while equities are soaring now usually interesting because investors are either risk on or risk but today looks like to be a risk on type of day and testers are buying equities and theyre offering up some bonds but why is gold still up. Well i do the risk is inflation the only thing thats propping up the stock market is the fed and other Central Banks printing money which is creating inflation so you dont have earnings going for the stock market all you have is all the cheap money thats being created and inflation is much better for gold than it is for the stock market and so thats why both stocks and gold are going up but i think eventually gold is going to be going up much more than the stock market and i think gold is going to be going up even as the stock market rolls over and goes down so i think in terms of gold stock prices are going to continue to fall in fact theyre going to fall d precipitously regardless of what happens in nominal stock prices because of the massive inflation being on leash by the fed and other Central Banks well christine we have about a minute left but i do want to get this last question and things are looking better today but well. We be getting another relief bill it may even take months before people get their checks are you thinking there will be a 2nd. Well right now it looks like good news is bad news because the entire narrative is that you dont want the data to be too good because then you risk losing out on this 4th stimulus package because right now we have this kind of wait and see mentality however pelosi is heavily pushing for a 4th stimulus package to come in as early as this month in april however we need to figure out the strength of the Unemployment Benefits and the 2nd round of direct payments that could potentially be offered up to assist these Small Businesses as a lot of them have been excluded from the 1st round such as the Postal Service such as farmers and this also comes as a Record Number of Americans Last week just for unemployment 6600000 and thats a huge number that we now have to deal with so there is potential for stimulus package but it may not be as robust as weve seen and its a record breaking number that were seeing of unemployment hopefully we can come up with some sort of solution before its too late peter schiff c. E. O. Of Euro Pacific Capital and boom bust cohost christy i thank you for your time. Time now for a quick break but hang here because when we return bankrupt hospitals are back in demand to help fight the 1000 pandemic last will it. And why many businesses and School Systems are now opting out of using this new law now as we got a break here the numbers after. This so. Humanity is on the edge of a precipice thanks to continuing destruction of the natural world. You just seem laid out a lot of bills lots of. Losing myself and a later period of. The meddling you didnt hold up. The bill you. Got over the war. Or the. Only dealing in the muslim world as a rule book you. Can stuff it and ship them through that disables the. Human activity has brought us to the brink of the worlds 6th major extinction of it and the people in this film just come to get it more. Join me every thursday simon sure you to give us a little the politics sports business im sure. Ill see you then. Seemed wrong. Role just dont call. Me old to get to shape out these days to come out ahead and in the game train because the trail. When so many find themselves worlds apart we choose to look for common ground. Course the slogans are them so mine. And good yours. Was before. Much of those who heard its a preview are you ever see him with the north we both will go. Move. Move. Move show you just look beautiful there the media goods are a good. Move just like most of these girls will give you phones for good girls. Dont go to shows a lot but do you distribute believed to show the story to you should go. To starbucks to order some to needed so it would be a Little Mystery theyd say look it is its. Just not a chance to just use their mashed on trial to start a project on the screen trying this product until. We have producers to toast the story to snap them up when you have because that is the cousin with you or your supporters to your shoes they sure shouldnt do you should cut off the one whose do or do the work goes to. The ballooning number of coronavirus cases as putting bankrupt hospitals back to work well the facilities are needed to provide more care to the growing number of patients and an infusion of state and federal money is helping to make that possible legal journalist molly barrows joins us now with more molly thank you for joining us. Today now i want to i want to say these hospitals are actually helping these people are coming back to opening but they were already struggling before this which which actually is very interesting theyve been struggling before the crisis even began but its good to know that they are trying to help the already close hospitals and putting them back in business as more nurses and Health Care Providers are needed to combat this pandemic now the state and federal dollars thank you for joining us today with the state and federal dollars who are helping to put these hospitals back in business but i want to start with whats even going on with these struggling hospitals and in some cases even ones that were already closed. Well basically theyre being commandeered to be put back into action because theyre having such high numbers of patients and they need places to treat them you know you see whats happening in new york city where theyve had to open the Convention Center well especially in rural places theres a hospital in Washington State for example or state officials have stepped in it was already closed and a federal judge approved a lease basically between the state Health Department and the debtors the creditors to reopen this this hospital that was already closed in order to be able to treat these patients so thats one example youve got another hospital in los angeles where the billionaire owner of the l. A. Times is working to get this hospital reopened as well i think theyre one step closer to doing that too you know and its a bigger commentary really about the struggle that especially rule hospitals have faced with declining Revenue Streams and other issues but this is essentially whats happening they need the beds they need the space youve got hospitals that can provide that theyve been closed so theyre unlocking the doors there and shattering the windows if you will in order to temporarily meet this demand and its happening at hospitals across the country well thank goodness for that but how are state and federal dollars and being used to help. Well its going to be very similar to what youre seeing with the Small Business loans and other sorts of federal and state aid thats being provided to businesses that are struggling because the economy has taken a decade that 2 trillion dollars stimulus package was passed well trump said were going to take 100000000000. 00 of that were going to put it towards hospitals to reimburse them for lost expenses as well as costs related to the coronavirus so he also was getting criticism for not basically opening the Affordable Care act again so that these increasing numbers of Unemployed People could apply for Health Insurance so part of that 100000000000 will be used to basically pay for care treatment of uninsured patients who have the coronavirus now hospitals very grateful of course for that infusion of cash but that money that theyre going to take from that 100000000000 the hospitals were only expecting about 65 now even more of that is going to go to help pay for uninsured care and theyre saying well hey we really need that to pay for ventilators masks protective equipment and clothing for our Health Care Workers as well so its going to be its going to be interesting this is basically dealing from mary to pay paul if you will like you remember how that goes exactly i think from peter to pay paul right will its helping people for now that desperately need the help but why were so many hospitals already struggling even before this crisis in the 1st place where people healthy. You know i think the real issue is that we have for profit medical insurers and this country and that really is a whole nother story for another time but this pandemic is bringing to light so many gaps between the haves and the have nots and it certainly comes to the disparity with access to health care rural hospitals have been struggling for some time this pandemic is basically making it so that theyve got to put all their resources already dealing with limited Revenue Streams lower reimbursements for medicaid and medicare from the federal government they were making some money off elective surgeries and other procedures like that but now that theyve been able theyve had to delay those and put those on the table and so you have like 30 hospitals actually declared. Bankruptcies there and just last year for a variety of reasons so you have right and then you have a pandemic that really highlights all the problems that theyre experiencing anyway socially across this country and then now were having to reinstate some of these hospitals which is good like you so we can help people meantime but there are some fundamental issues that need to be addressed for the long term that this pandemic is bringing to life especially because again like weve mentioned time and time again theres no timeline we dont know how long this will last at least for now there having more beds and more attention for those people who who really need it molly barrows contributor with americas lawyer thank you so much for your time thanks there. With so many people telecommuting and working the Online Services like zoom there have also been a lot of problems stemming from that knows whom usage has skyrocketed since stay at home orders have been issued by cities and states but as many people have turned to zoom for everything from work from home school from home and even yoga classes from home have also started creating problems through something called zoom bombing what is in bombing well thats when internet trolls jump into public zoom calls and use a platform screen sharing feature to project graphic and even pornographic content to the preference to the Conference Participants actually will in those cases the host is then forced to shut down the event its become such a problem that federal prosecutors are now warning that there could be serious legal consequences for xoom bombing perpetrators and now do itself a saying that its going to take steps in order to protect users by upping security will joining us now to discuss is google plus of journalist ben swan but zoom bombing what kind of changes is saying that theyre actually going to make. And one of the things theyre doing and by the way the media say zoom bombing is one of the problems certainly was in was not the only problem so what theyre doing the company is doing to deal with zoom bombing specifically itself is of a are announcing a 90 day freeze on any new roll outs of new developments for exam so they can concentrate specifically on privacy and this was an announcement they just made and those improvements they say are things like this are going to turn on passwords and waiting rooms for people trying to join meetings for the free version or the cheapest version of sim right now its only in the paid versions which is you know you know how that works with a lot of these companies if you pay for the more expensive version you get more privacy features but what theyre trying to do now is say even if you have the free version online were going to attach those privacy elements to it but theres a lot coming out about zoom including sarah the fact that you know suman said for a long time that it has in to it encryption in its calls we now know that is not true it actually doesnt have that is just something that the company went around saying so theyre really working right now to try to fix some of these things because its creating a whole host of problems for well youre mentioning a lot of other post of problems that are going on other concerns over just beyond privacy bombing security researchers have found that automated tools can gander and scrape the meetings using i. D. s now what do we know about that. Yeah its kind of a big deal so theres these 2 researchers who essentially took an automated tool its called the z. War dial it could automatically take that program and search through hundreds of different zoom calls and actually be able to attach a zoom color the identity of that zoom color to it just using a very simple automated tool and they were able to do i believe 2400. 00 zoom eatings in a single day using one Automated Program so it was pretty efficient but what they did find interesting li was that when they attempted to do this they were not able to scan or to scrape the terms they use there any of these zoom calls that had privacy or password protections on them so it was a Password Protected zone call they couldnt do this only in the free versions in those Password Protected versions so thats why now by the company stepping up and doing this they might actually be fixing 2 problems and one and effectually youll need to pay for it like upgrade in another i mean nothing really comes free but is there any way to actually stop this from happening now with these new changes that were announced by them address this other problem you know they will address the other problem in theory right now as i said because of the fact that its you know these Password Protected ones versions of zoom you dont have that problem to your point yes youre right nothing is free but at least in the short term was humans trying very hard right now to ride the wave of momentum that should be helping the company in terms of investment people say hey this is a Great Company theyve got to fix the problems they have so at least right now that password protection will be free for zune users even using the free version simply because it has a long way to go at this critical moment to restore its image to say we are a legitimate company and a legitimate player in this space not to be seen as just some kind of a company that people say well that was a good idea it just didnt work especially nowadays that where were thing that a lot of School Departments in education new york system Public School system banished and banned from on line courses as well as some of the thank you. Boom bust cohost spence one. Thats it for the time you can catch boom bust on the man on the brand new portable t. V. App available on smartphones to google play and the Apple App Store by searching portable t. V. And as always check this out on you tube dot com slash boom bust r. T. Do you believe in miracles would seem democrats do after the job id be surged on super tuesday for them the fear of the Bernie Sanders candidate see me now be contained however this is far from over taking on trump with the no easy task. As we head into the big climb singularity its the same almost some core new thing that ever happened to you matter nissans the creation or invention or just covering a fire. Seemed wrong. Just dont hold. Any but you get to shape out these days comes to educate and in detroit equals betrayal. When so many find themselves worlds apart we choose to look for common ground. Hey that is miller here we got comedian vere das today the preeminent funny mad my estimation in india now in the states coming up next Dennis Miller plus one. And folks welcome to Dennis Miller plus one you caught me at mid shot and ive got to be clear throated here since im with a pro joined today by comedian vere does now theres a great name for a james bond das. Here das here is an indian stand up best known for his
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