The Global Pandemic toll now more than 101500 more than 1600000 confirmed cases of the coronavirus now as that number of new infections slows down and italy one of the worst hit countries is a leaning toward extending the lock down to early may this is to help ease that spread of the corona virus britains Prime Minister Boris Johnson was moved out of the intensive care but he remains hospitalized for treatment of the coma 19 a spokesman said that he remains and good spirits well the u. K. Is actually considering a strategy to end the lockdown that would allow young adults to be the 1st to resume their normal everyday lives meanwhile in spain the country saw a decrease in its numbers on friday the country reported 605 deaths a 17 day low but in sweden they are refusing to walk down still restaurants and bars remain open sweden is following what were calling the herd immunity theyre letting people contract the virus as a. Chile while only protecting the most vulnerable the nordic country has more than 9600 factions and 870 deaths meanwhile the United States with nearly 500000 infections sees a fate glimmer of hope as fewer new cases are appearing still the death toll continues to surge to more than 800000 new york state alone reported 800 deaths in just one day director of the National Institute of allergy and Infectious Diseases dr anthony felt she said that antibody tests could be available pretty soon within a period of a week or so were going to have a rather large number of tests that are available in the u. S. Unemployment rate is reaching record lows while record highs that is while President Donald Trump said he expects a big bounce on the economy and one he claims were already seeing in the stock market we pass the largest emergency Economic Relief package in American History to save the u. S. Economy and protect the American Worker as you know this past week which was for active days of the stock market good friday today is not is not included the markets are closed in 4 days we had the biggest market increase stock market increase that weve had in 50 years that tells you that theres a pent up demand that tells you they want to get back is something good going to happen i really believe that theres something very good going to happen we have to get back. For more numbers and information on the coronavirus be sure to check out our portable to our t. V. App and look for the section at trucking coronavirus and were going to bring in. Cohost christine to tell us more about the state of the markets and the Global Economy kristie are we looking this friday. Markets are closed in observance for good friday as the end one of the best weeks in the dow since 2008 however j. P. Morgan economist cut the 2nd quarter forecast even more now expect a decline of 40 percent and unemployment is expected to surge again in april to 20 percent as the current virus has a long tail now too big tech names are making headlines today apple and google who announced a partnership to their smartphone platforms are alerting users if theyve come into contact with a person with code in 1900. S. Contact tracking the apple trace the location of infected persons and all of those that he comes into contact with it is said that this is an opt in system but it has the potential to monitor about a 3rd of the worlds population to an even higher degree than they are now it is highly controversial and dangerous as it is involves sharing Sensitive Health information and location monitoring which raises huge privacy concerns and opens a door for further digital tracking and surveillance now over on the oil front things are still uncertain as opec and its allies failed to comprehensibly secure a deal on thursday after mexico abruptly just left the conversation the deal to cut roughly 10 percent of Global Supply will not take place unless the Broader Alliance also receives their consent while this cut is larger than any deal opec plus has ever agreed to before analysts are concerned its too little too late to prop up prices with the market already flooded with crude and trading down 63 percent since january. Thank you kristie but now i want to bring in the university of Miami Business School john quality thank you for joining us today john now i want to start by asking you this 1st question when coronavirus started now we had anticipated that this would be cleared up by summertime much like we saw during the sars epidemic and that we would get a rebound on travel Consumer Spending all of the above now but it has been pushed back once again what are the repercussions of a now even more delayed recovery and how much longer can businesses afford to even stay closed. Well youre right kristie there was a hope that there would be a rebound in the summer months in fact. The j. P. Morgan forecast that you refer to actually forecasts a 19 percent g. D. P. Rebound in the 3rd quarter at a 12 percent rebound in the 4th quarter so even with the reversion downwards in the 2nd quarter from 25 to 40 percent theres still a high degree of optimism that the reliable test kits will be in place that theyll be body tests in place and that on a selective basis there will be a return to work and potentially the opening of schools after labor day but a lot a lot depends of course on the trajectory in each part of the country all of the of and we need to see evidence of that curve peaking and be able to confidently send folks back to work without risk of a 2nd wave before we can get the economy up to speed again right and i think ill as weve all been told a lot still remains unclear about how this virus actually works and whether or not it will be cyclical weve heard that it will be we dont know that it wont now even with the with warmer weather is what theyre saying that theres not enough evidence to to say that it will. Much like sars did but kristie let me ask you this one group that is suffering extreme hardships is once again the farmers and the Agriculture Sector here in the United States and all over the world really we spoke about spain earlier this week whats happening on that front. Well the Agriculture Sector in america never really recovered ever since the trade war that they suffer massive losses from last year and now we see billions of dollars of food going to waste especially in areas such as california and florida the warmer bread bowls of the u. S. Theyre facing massive surpluses and perishable items farmers are now dumping fresh milk and plowing the vegetables back into the dirt as the shut down and Food Service Industry has scrambled the entire chain supply roughly half of the food grown in the u. S. Was pretty destined for restaurants schools stadiums being part and crucial is also a very big part of that now the overall impact could be up to 1300000000. 00 in farm losses alone this season and retailer cannot absorb it so you know with the increased demand in the supermarket that is not enough to offset all of the wholesale supplies so farmers are now collaborating and trying to find ways to fill the gaps in the supply chain offering a lot of direct to consumer produce box services in the region where they can Service Delivery one brother spoke just hours ago earlier today also talking about the farmers and how and they had been hurt like you mentioned kristie already from the trade war with he was going to do everything he could to help the farmers and that tech there as well hopefully it doesnt come to a supply chain were now there will be a lack of food for the world but that would be a much more difficult problem but john i want to ask it seems like all of these major sectors of the economy are are not spared during this pandemic when we talk about Manufacturing Energy airlines leisure all of these sectors actually account for more than half of all of the g. D. P. Output in the United States whats left really to hold the markets up. Well health care of course is. Around about 20 percent of u. S. G. D. P. Theres also no question about government workers being furloughed obviously the federal government and state governments will back up those full time employees so theyll still have their paychecks Grocery Retail obviously strong as christy said one of the interesting things is that the the supply chain for Grocery Retail is totally different from the supply chain for food service and thats why this produce in florida and california cannot be easily migrated across into Grocery Retail and then finally i would mention high tech obviously Companies Like zoom citrix Amazon Companies that are supplying High Technology services that facilitate remote work because being in touch with each other these sectors also incidentally very buoyant of the moment or were definitely going to need to see some recoveries from some other thocht or given how much all these other sectors are struggling much like you said these tech giants that are in the United States that can hopefully keep the market up at least thats what were seeing for this week and high hopes but we dont even know if we hit the bottom yet or if where well go from here thank you boom bust cohost christine and john quotes dean of the university of Miami Business School. You. Markets are up worldwide as hope continues that the curve is finally flattening as well as the possibility if you are prevail in the oil war between saudi arabia and russia lets start in moscow where the molex is up for the week overall after we saw a spike on thursday as oil prices soared this was due to opec talks as leaders from russia saudi arabia and the United States all attempt to recover from the big decline in oil prices thursday it was one of the best days for the ruble in recent memory now moving into asian markets starting in shanghai the composite had a good week but it was pushed down on friday dropping by more than one percent data released friday showed inflation in china rising the Consumer Price index rose 4. 3 percent year over year this was actually less than the expected increase of 4. 8 percent in japan the nikkei 225 had a great week gaining nearly 10 percent the index gain nearly one percent on friday alone and over to hong kong where the hong saying also a solid week posting big gains hong kong on wednesday and more than 17000000000. 00 of stimulus measures to help businesses and citizens affected by the outbreak well hong kong markets were closed friday for the holiday but they did see a gain of more than one percent on thursday when moving to india markets also up for the week you guessed it this comes as india discusses a 2nd stimulus package worth roughly 13000000000. 00 rising to more than 4 percent on thursday alone now over to australia where the a. S. X. 200 also up with a strong finish gaining more than 3 percent to close out just on thursday the Banking Sector saw some positive movement led by Commonwealth Bank of australia and westpac and in south africa the all shares also witnessed big gains throughout the week. But there isnt much confidence as the indexes 30 day volatility hit a record just above 70 now lets move over to europe as we start to get into the western markets here the u. K. The footsie now france the cac and the german dax all had a great week all up on thursday as the European Union agreed to a 500000000000 euro bailout package to help those affected by the virus stimulus from the fed also helps gain some confidence in the region now moving across the atlantic over to brazil where the evo best buy is also up on the week now closing thursday very strongly into the Holiday Weekend the brazilian real posted one of its best weeks in 4 years this is after plunging to a record low just about a month ago oil producer patro of us saw more than a 15 percent gain on the week now heading north to mexico where the b. M. V. Also up on the week with some gains now were not seeing quite as big of gains that were seeing across other markets throughout the world but still and on green and then moving over here to the United States where all major indices are the dow the s. And p. And the nasdaq all in overall green arrow for the New York Stock Exchange despite the dismal job numbers of almost nearly 17000000 americans applying for unemployment more stimulus measures from the fed kept markets going up right into the Holiday Weekend the question now becomes how do we have the bottom or will this volatility continue the volatility weve seen in recent weeks and even months will finally up into toronto where the t. S. I. Composite is not just up for the week it posted its best week in more than a decade after this positive week all markets are closely looking at the u. S. As unemployment data as this could bring more volatility to the markets and that is your Global Market walk. Time now for a quick break but hang here because when we return the state of the. Internet and whether or not government should protect access during the pandemic while talk about that boom bust is back in just a moment. And were going to fulfill the repeated promises apologise to the people and promise to be you know weve all bots to. Be a. Pretty. Pretty good. Guy you want to 1st. Know. All. Is your media a reflection of reality. In a world transformed. What will make you feel safe. Isolation full community. Are you going the right way or are you being led so. Direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Orem a blue shallows. So much that we really dont need 1000 of this all locked down is teaching so many millions of people but most of their lives are all wasted on stuff thats unnecessary costly redundant and doesnt promote social good at all. Said you know. How. When i love being in this is knowing that it sunk in so then i dont know how to might have to guess i mean does. This mean going drinks time will tell me. Sharing. Some emotions. Thats. Very uncertain. Woke up and the baby had a fever of 38 so point 30 were hoping that. That it will all be ok. So here on boom bust weve discussed how the internet is seeing a lot of traffic these days given the billions of people across the globe that are now working from home more and more arguments on whether or not the internet should be a public utility well for this we bring in Team Coverage to discuss the argument from a global standpoint to a domestic one and then into analysis r. T. Correspondents john hardy and farron fronsac and robust cohost and investigative journalist. John i want to start with you at an International Level lets look at the United Nations Human Rights Council when 26000 issued a resolution they were declaring that internet a human right right access to the internet was a human right john which countries are actually allowing her free life i think with. You know this is this is a fascinating segment because 1st as you mentioned the un added a section to article 19 of the universal declaration of human rights in 2016 reading in part that quote everyone has the right to freedom of opinion and expression this right includes freedom to hold opinions without interference and to see receive and impact information and ideas through any media and regardless of frontiers and that includes the promotion the protection and enjoyment of human rights on the internet so as we know that look there are countries that control the internet that have total control of the and then are basically able to shut it down restrict access to it and also output notably what comes to mind of course north korea saudi arabia china syria iran among others but there are many more countries there are also the countries including several in Eastern Europe that allow Free Internet access free wifi lithuania which is where my ancestors are from so shout out to lithuania lithuania and croatia really come to mind as having some of the best fastest Free Wifi Service in the world other countries include a stone yo in whats called stoney of which has been described as one of the more advanced east societies in the world giving people free wifi at parks and public spaces public squares even for us so its really an advanced country when it comes to that ireland also has invested heavily in its internet and wife i services over the last few years and whats called the National Broadband plan bringing the. Internet bringing Broadband Services to more than a 1000000 people and areas where service was really limited till the last couple years when ireland made this National Broadband Internet Access push so look the bottom line is the u. S. Can definitely learn a lot from how these countries have a sensually focused on the internet as a public utility sir well john those are among the best like you mentioned but there are also other countries that are struggling with poor and slow service which countries top of the worth of those lists. Well unfortunately while parts of central and south america and mexico have increased Internet Services and broadband wife over recent years. Many parts of central and south america are really still lagging a falling behind google launched free wifi in mexico city back in 2018 may recall but many parts of the country particularly the very rule or rural areas still lack modern broadband and why 5 services as as we see it and were used to mexico though talking about Mexico Mexico city is google stations 3rd market after india and indonesia and its meant to really loosen the grip of carlos slim America Movil which is dominated for the most part dominated the cell market down there panama panama city has gotten better in recent years and is probably one of the more advanced countries with broadband also the bigger cities like san paulo brazil in colombia one of saddam has argentina have pretty well you know have had definitely increased Internet Services Broadband Services but you know not the free government sponsored wife and there are still gaps in services in many parts of those countries as they try to really modernize their broadband their internet there and why 5 but again there are so many of these rural areas that are just not up to speed and as i mentioned i stayed on having some broadband or as a path to be to enable and have people get free why the fare and what does this actually look like more on on a domestic level here in the United States but whats really sad is that we really dont know how big the problem is really the federal Communications Commission actually did a study and found that 21000000 people they dont have the internet but then microsoft at their own private study and found it was 163000000. 00 people but its times like now where were living during the Coronavirus Crisis that showed just how much of a Digital Divide there is especially for students who rely on can. Thing to the wife eye at school the Library Starbucks some kid sadly even the mcdonalds parking lot even adults who are who are out of work looking for work they have to apply on line like how every company does it these days well thats why this question of should the internet be a public utility in the United States is really coming into play now and some lawmakers were one step ahead and they put money into the 2000000000. 00 coronavirus aid package to go towards the internet so there was no child left off line but you do have the most hated company in America Comcast offering free service saying that theyre not going to unplug anybody even hook up new customers and you know thats nice for now but what happens when all of this is over well whats interesting is there is this is a business and economics show right we talk markets we talk competition now when it comes to where you get your internet oh its a business all right but as far as competition well they took care of that now so verizon spread theyre more focused on the mobile and so when it comes to the actual internet the 2 big powerhouses we know there are comcast and charter now i want you to show i want to look at i want to see this map of minneapolis here dont look at the purple dont look at the orange look for the red spots thats where both comcast and charter are providers both of them and you have to look pretty hard to find those little red and guess what the same is shown in every major city across the board comcast Gave Congress 30000000 dollars last year lobbying for this very thing but then the question is well where is the f. C. C. In all of this isnt it their job to regulate this well the f. C. C. Chairman age of pi he was sort of horizon the f. C. C. Is supposed to not only regulate but also the telecom act of 1906 requires the f. C. C. To make sure that every american has access to Telecom Services now what these companies are doing theyre harvesting the rich households forgetting about the rural and poor areas because its too expensive to connect and they dont see a high enough return rate thats where the f. C. C. Should step in but heres what i thinks about all of this does the government and how we really. In subsidizing parts of those areas i do think the more important part is encouraging the private sector to take the lead in the reason is that there is only so much money that the f. C. C. Has under his purview so sara what youre saying here is the United States is kind of left a little bit in the dark behind the rest of the world not looking too i can see that thank you for that here and from that article and lets talk about some of alex the analysis here talking about the United States whats the biggest hurdle to moving into internet to become a public utility. Well i think aaron just touched on a right there which is the f. C. C. The bottom line is you have a ship who is the chairman of the f. C. C. And as you mentioned was a former lawyer for verizon at one point he has done a lot to move away from any kind of kind of public utility of the f. C. C. Instead he has moved everything more towards control for those Internet Companies including that 27000 push to shut down Net Neutrality which was an old kind of it was really a law but it was a regulation that kept Internet Companies treating everyone online the same way the bottom line here is that if congress does make this move that we cannot be like india which is under the guise of a pandemic saying were going to change internet and make it more open to everyone during this emergency period you cant say private Companies Must become Public Companies during an emergency and then were not in emergency to be an upright company youve got to do one or youve got to do the right and i dont see them moving toward doing out one of them and actually offering this as a public utility let me ask you this bring it back to the United Nations now theyre allowing it for they said that it should be a public utility human right what about those people who are struggling right now like there and said cant afford it are going to the parking lot of mcdonalds to even be able to connect. Yeah well you know its interesting when you say Internet Access because Internet Access can mean a lot of things a lot of people have internet on their phone which is not the same as being wired into a wife i system inside of your own house so you still have access to internet so for instance whats happening in india right now is people have Internet Access but theyre only getting 2 g. Which means they cant watch videos and they cant view things the same way we would view them if you had a 3 g. Or 4 g. System or in the u. S. Look its a serious system but again weve got to watch out for this idea of privatizing in the making public in the making private well thats not something were going to probably be saying even in the near future israel and are struggling with that bill thats cohost bent on thank you. Well thats it for this time but c. N. N. Next time. I dont trust medical authority at all. And the reason for that is i had this horrible water i mean just sort of growing up and it turns out it was completely alleviated with very drastic dietary measures and i went to a number of doctors to discuss what happened to me and i was basically laughed at like diet has nothing to do with autoimmune disorders so my suggestion to people who have Health Issues they cant figure out if theyre going to see a medical professional and theyve been going for 10 years and theyre still in the same place they should probably take it upon themselves to Start Testing things out testing out diet testing out exercise and try and figure out things on their own. This is a story of women women with troubled histories and complex called cruisers you know some really believe who lives out there. Who are not. The person that theyre the cheesiness of the considered the most dangerous of criminals shes in a civil. All the off 23 hours of the day tell me that its not enough punishment it will give women on just through. Those the number of hospitalization double school annoyances up the system to the moment your movement is saying too many people are still complying with self isolation. Us because. The 1st country to register to thaw is in corona virus dads in a single day refrigerated. Grades are now seen in the main infections spot the new york city struggles with rising to tell us when. The change of extreme meets. Helplessness the fact that you dont all you can do
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