Transcripts For RT Boom Bust 20240713

With him the wall. Freaking out in she will want to spray him anywhere near a. Breeding dogs or caged in in 2 main conditions on puppy farm i mean 67 years you know theyve been locked up in a cage outside you see no protection from the weather the heat you know the courtier the rain the snow the funder nothing they have no protection. To get you. To get through kid. Across the u. S. Cruel puppy mills are supported by dog shows and pet stores most of the puppies are coming from this large Scale Factory farming kind of operations are being sold and at stores even joined a good businesses are involved like agoa mom santa there has been a shocking amount of organized opposition to adverts to increase the standards of care for dogs bred in commercial rating for so many most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs dont buy dog. Right. This is the one bit the show you cant afford to miss washington coming up opec members have made a landmark deal to cut Oil Production as the sector has been ravaged virus well have expert analysis on what this is doing to markets. Small businesses in the United States have been promised emergency funding to provide some relief but where is that help will break it all about it a packed show today so lets go and dive right in. We lead our global report today with talks of lifting restrictions due to the coronavirus something the World Health Organization officials addressed monday. Called 19 accelerates the finest decelerates my chum load slowly out of the woods the way down. On the way up to means going to images must to be lifted. And we control. Its not only. In spain which has been one of the hardest hit countries by the virus has started to loosen its lockdown as the curve inside borders begins to flow and construction Manufacturing Business is with the nation are starting to return to work but most Public Places will remain closed until at least the 26th of april meanwhile japanese officials are calling on citizens to take greater efforts by reducing contact by 80 percent here in the United States there is a push to lift restrictions by may 1st in an effort to mitigate Economic Impact of the pandemic now reports say the white house has floated the date of may 1st and the countrys top Infectious Disease expert Dr Anthony Fauci told c. N. N. While the country wont be able to turn on like a light switch hes cautiously optimistic that things could start to reopen as soon as may 1st now u. S. President donald trump tweeted about the situation monday afternoon claiming it is up to the president not individual states and their governors to set a timeline for reopening the economy and as the number of cases of the crow virus quickly approaches 2000000 worldwide lets take a look at the global spread with r t correspondent saya tavenner saya whats happening today so brand while people all around the world remain quarantined the number of infections are still continue to increase but the good news is that a few countries have also started to show a downward trend and in detail here are some of the most Significant Developments happening around the world now lets start with the u. S. Thats still way ahead with over 5 179000 confirmed cases and over 23000 that and most of these thats brand are in new york the hardest hit us stayed with over 10000 of so thats half that thats happening in new york now moving over to spain the 2nd hardest hit country thousands of like you said construction Workers Office workers and. Other workers went back to work today ending spains 2 week quarantine that the country implemented which has claimed almost 18000 lives but Bars Restaurants Hotels things like Sports Centers and leisure activities are all remain close with no plans to reopen anytime soon and in italy announcement over 3100 new cases today in fact thats the lowest increase since april 7th bringing the total number of cases in the country 2159000 confirmed cases with a little over 20000 deaths but i also want to talk about do you care which has the latest death toll in the country reached almost 12000 and the rise was lower than reported actually on friday and the country is now a hoping to open a number of businesses which we should be no should know more about in the coming weeks and moving over to china and in china of course was where everything started but after quarantine of about 600000000 people it really helps slow the outbreak of the virus and with about 3300 deaths but now theres also another problem china is dealing with the moment and thats people returning from other countries and a fear of a 2nd wave of the virus brant but i also want to talk about iran the hardest hit country in the middle east they have over 73000 confirmed cases with more than 4500. 00 deaths but for the moment islamic republics biggest obstacle is what to do about ramadan which is due to start later this month when normally large groups gather each night either inside houses and on to the citys streets and i also want to mention going back to china that. Theyre not the only country fearing a 2nd wave of viruses in japan the spread seems to seem to slow and quarantine was lifted and schools were actually allowed to gradually reopen but a sudden increase in infection last week got japanese officials worried who then again close schools brand. Experts are fine there were you know working on finding a vaccine right now and so that leads us to believe that maybe were near the end of this pandemic which we want to be cautious about but what are we doing to ease some of the economic tension that were seeing well brand globally World Leaders are facing a lot of pressure to speed up either an emergency plan or to financially help roughly one of the countries on the planet with some sort of some sort of plan to get people back to work and employers and employees around the world are anxious to get back to work as quick as possible so a picture of how governments are planning to increase some Economic Activity is starting to surface but its really far from straightforward theres been talk on businesses using a 5 tier pyramid called a hierarchy of control with china has been following and heres a quick recap of what it is there is the the pyramid has about 5 components which china has implemented one the u. S. Is hoping implemented same kind of program but its proved to china to be extremely costly so its going to be the same happening for the United States so theres a lot of if so a lot of unknowns in the question at the moment archie correspondent started having to thank you for keeping us up to date on this. And as a reminder you can always find the latest news and information regarding the quote of virus on portable t. V. s coronavirus tracker and the worlds Top Oil Producers managed to pull off a Historic Deal and an agreement to cut output by 9700000. 00 Barrels Per Day for the next 2 months thats close to 10 percent of the worlds output after days of discussion and negotiations opec members and allied nonmembers including russia and mexico finalize the deal on sunday runs oil minister confirmed the reduction. Within 2 months and opec produced production station on the unbearable to be for the next 6 months from until the end of the year they will cut production barrels or grandma about is the next 16 months and after that is so getting from 20 to 21 until april 2022 1000000 Barrels Per Day whose. And as the world facing restrictions due to the pandemic Global Demand for oil has fallen by around 30000000. 00 Barrels Per Day this deal comes as an Inflection Point amid several months of disagreements and fall out between saudi arabia and russia a spokesman for russian president Vladimir Putin dmitri pesky off praise of the deal. First if we consider this deal. And some other countries can reach. You to understand each piece for the sake of oil market shaping. U. S. President donald trump also touted the deal adding it will save thousands of American Energy jobs for more on this said what equity markets are doing monday we are joined by t. G. Watkins director of stocks at Simpler Trading and boom bust cohost Christine Christine lets start with what is going on with oil was a story the markets. Well brand loyal presence have stabilized monday after opec and allies agreed to cut production by 9700000. 00 Barrels Per Day thats almost a 10th of Global Production so this deal is the single largest in history but it is still below expectations of what opec can guide earlier 10000000. 00 Barrels Per Day but apparently the oil markets have been so devastated that itll take any sort of cut at this point even if its too little too late and that was evidence that the trade where initially plunged down before struggling back up to flat so market reactions to this deal however historic it was was muted as traders view this as more of a chest thumping political theater the Reference Point for the reductions will be april the months if you recall in which saudi arabia has pledged to pump about 12300000. 00 Barrels Per Day out as a ramped up its price war with russia so that effectively means that the 1st phase of the cuts will only amount to about 7000000. 00 Barrels Per Day so by doing the math these cuts will only lead to an actual opec production of 4300000 barrels a day of. From 1st quarter levels of 2020 and these production cuts will begin on may 1st and extend to the end of that and then the cuts will taper to 7700000000 barrels through to the end of 2020 and then finally 5800000 Barrels Per Day from january of 2021 through april of 2022 and while these cuts will certainly help to lift prices theres still a tremendous market imbalance as we reach worldwide Storage Capacity for crude theres already a super large inventory buildup of over 1000000000 barrels now and these cuts are barely enough to even make a dent in it it will only serve to postpone the problem so in short these cuts were below expectations of 10000000. 00 Barrels Per Day and is nowhere near enough to offset the plunge and demand which analysts estimate to be mystery in 20 to 36000000 Barrels Per Day now as we mentioned last week mexico has been exempted from its allocation of cutting 400000 Barrels Per Day and instead will only reduce by 100000 after its historic mexican standoff with the saudis holding up negotiations for 4 days so the question is what allowed mexico to stand up to the mighty opec and actually win well mexico have what bloomberg had dubbed a sector weapon and ace card as enter negotiations and that ace was its annual oil head where mexico spend billions of dollars on oil put giving it the right to sell its oil at a predetermined set price at around 45 dollars per barrel now the equivalent of their insurance policy so even if oil prices plunged further mexico will be unaffected this oil put mexico unprecedented leverage to defy saudi and the powerful opec cartel to dictate the negotiations on its own terms now over on the equity side of things the market fell almost 2 percent with caterpillar being the worst performing stock falling more than 80 percent as it was downgraded by mantles and real estate also led the decline lower ending the day with the dow and s. And p. Down over one percent but the nasdaq turned positive at the last minute on the back of netflix popping up almost 8 percent. The markets to digest some nasty earnings this week j. And j. J. P. Morgan and bank of america are set to have more earnings this week Analysts Expect 1st quarter earnings as m. P. Comes to fall 9 percent now thats a far cry from earlier estimates at the beginning of the year in january 1st forecasting a 6. 3 percent gain price quarter now t. J. I want to bring you into this conversation i have to ask i mean we saw a big week last week and of course were starting this week down but have they have we plateaued i mean are or and have we seen the bottom where are markets going from here we talk about volatility a lot what are you seeing well right now what im seeing is that i think were going to have a little bit more upside the you know we had a crazy week last week that was great but what happened it was that it just basically moved too much too quickly and became unsupported so im looking for a little bit of a pullback i was completely in cash going into the weekend and so when we see this pullback come in on monday this is exactly what i was expecting and what ive been communicating to the subscribers and so now im just looking for prices to kind of settle in some place and then i think well get a little bit more upside now we dont know the future but thats kind of what im looking for and expecting part of what im looking at and saying that had think this is going to continue even though i know weve got some crazy earnings coming out is that netflix amazon and some of the other takers that i do watch were actually looking pretty good and started moving today and so i think that there might be a little bit of idea out there that hey the market still wants to go up a little bit further we are looking for a pullback but thats telling some other stocks that were still in an uptrend and we havent rolled over and stopped going down yet you know kristie i want to propose a similar question to you because were also looking at a trend here its about every other week the week ending march 20th. April 3rd which were the weeks that i hosted boom bust we lost about 600 points on the New York Stock Exchange in weeks ending march 27th and april 10th which were sarah might this day ok weeks we gained about 2000 points what are we looking at here. Well look at bad luck brant and i surely were seeing a lot of volatility and thats i mean every single we can have a slew of good news and a slew of bad news all i want some markets kind of price and all these things and right now we dont have any hard data points and thats where everybody is on you looking for in terms of this Earnings Call obviously every single companys going to guide downwards and theyre going to psychoanalyze as being one of the biggest indicator we have to remember that corona virus is going to be a very long tails are just because they say that we are told in terms of new cases that doesnt mean that everything is all well and good and will rebound in mediately the questions of how are we going to deal with me opening the economy whats that going to look like how are you going to deal with the large unemployment numbers and on the back of that these large medical bills which for every Single Person who suffered the coronavirus and covered their basic medical bills about 30000. 00 now t. J. I want to ask you a quick question before we wrap up here you know what about Small Cap Companies in the Startup Space that were looking at i mean the softening vision fund is talking about you know what i think was 16600000000. 00 loss i mean were going to go moving forward about 30 seconds here yeah thats going to be rough i mean everything is getting hit and so this i will say this company this venture fund was the 1st year that asked after 15 years that theyve actually had a loss but it was a doozy it was a big one right now you know small caps go up like rockets when theyre good but they fall like rocks when they get into trouble and i think thats what were seeing right now is that the everything right now of corona is just getting hits and theyre going to be following the vastus in the hardest to do walk ins and christiane thank you both for joining us today much appreciated. Thank you. Time now for a quick pause but hang tight because well be right back after flashing as we go to numbers as we go to break here the numbers at the close. Call dont miss. The lead in the p. C. Im fine you can be c. D. G. Sure you dont believe its going. To take the 5th little shop flock to see it next you dont. Get a solution safety feature. The sort of the thing. Is your media a reflection of reality. In a world transformed. What will make you feel safe. Isolation or community. Are you going the right way or are you being led somewhere. Direct. What is true whats his face. In the world corrupted you need to descend. To join us in the death. Or remake of the shallows. Join me every thursday on the alex salmond show and ill be speaking to guests of the world of politics or business im show business ill see you then. Welcome back frustrations continue to mount for Small Business owners who have been repeatedly promised that financial help is on the way the biggest problem they are facing is that help doesnt seem to be coming at all there are multiple programs that lenders in washington are leaders in washington have insisted would provide emergency funding to Small Businesses but so far it seems that nothing has been provided joining us now to break it all down is the bus cohost investigative journalist ben swan been nice to see you today the 1st program that seems to have unraveled are these Economic Injury disaster loans that was supposed to provide loans to up to up to 2000000. 00 for Small Businesses but now Business Owners are learning that they cant even get close to that whats going on there yeah thats exactly right i mean look at these these economic you know disaster loans essentially were set up and this is an existing thing by the way of the s. B. A. Existing program that was supposed to say look if you have up to 2000000. 00 in losses over some kind of a Natural Disaster or pandemic the s. B. A. Can help you out originally they were saying up to 2000000 dollars can come to you now theyre saying and the s. B. A. To recorded hotline and also through the program when people go to apply is saying actually you cant get more than 15000. 00 which is an incredible show. Tried to go from 2000000 in economic aid 215000 that thats almost nothing on top of that keep this in mind when when the this program was 1st announced that there was going to be help coming from congress one of the things the s. B. A. Did was said if you file for this Economic Disaster injury loan you can essentially ask for 10000. 00 and youre supposed to receive 10000. 00 for your business within 3 days of filling out the application and yet so far not one single one of those 10000. 00 checks has gone out we have not been able to find one report of a Business Owner receiving one of those 10000. 00 check so to say that its been bungled so far i think is a huge understatement well and for the fact that the economy is basically shut down so quickly and so rapidly due to this pandemic i mean and you dont really have a whole lot of choice if youre not prepared in any way you need those checks immediately to start getting things back on track whether it is plain paying those employees that need to or paying right now theres also a another big issue of big banks seeming to take advantage of the situation theres a shocker smaller local banks have still not been approved to take these loan applications so what can you tell us about all of that yes actually a pretty big deal here so theres been a lot of criticism including from mark cuban whos actually come out talking about this saying that big banks are taking advantage of the situation right now one of the things theyre doing is that Smaller Banks as you just said have not been given the authority to to do these applications in some cases and so you have a humongous backlog of companies that are trying to get a part part of this p. P. P. This essentially payroll protection loan that would be coming from the government is supposed to cover 2 and a half months worth of payroll as well as your utilities the problem is d is that the f. The s. B. A. Is not taking applications all the applications have to flow through some kind of a bank so whats happening is people are going to their bank and these big banks that have been approved have this huge backlog right now and theyre either saying were number one if you dont have an account with us were not going to help you or number 2 if you do it. Ive an account there saying what were backed up we dont know when we can get to you and this is how crazy it is i know people who are working with truest you know the new b. B. And t. And sun trust merger who have said that they have applied to true us and all they get is essentially a let us know if youre a customer and well get to you and theyve been waiting over a week now and they havent even gotten the application so you cant just go out and find an application with this in a plan your own it has to be done through a bank and a lot of people are struggling with the fact that banks seem to be taking advantage of it so when you have the entire economy kind of shut down and theres no infrastructure built to be able to handle this and were seeing that because theyre making these promises that unfortunately it appears that nobody can keep want to move on to another quick story here i want to get your take on this because apple and google are now partnering up in an effort to provide tools for tracking the coronavirus the app which they are working on they are working to create will also allow users to use blue true bluetooth to track whether they have been in contact with someone who had the coronavirus how does this whole thing work better. Yeah its kind of a crazy idea so essentially google and apple are doing is theyre working together to create this system that will allow for you to turn on your bluetooth and then it tracks every place youve been and other phones you come in contact with so assuming that someone else is walking by you or is in the Grocery Store and they have had code that 19 essentially your phone would let you know you came in contact with this person you know as of this date so lets say you know it happens today i come in contact with them then that person with their phone goes ahead and registers and said 2 weeks later i have the coronavirus my phone with a notify me and say hey 2 weeks ago you encountered this person and they have the grown a virus the whole thing it though is its kind of a crazy idea because you would really relies on everyone Self Reporting and saying to this app i had coronavirus so youre going to have very Bad Information across the board unless theres a process put in place that forces people to. Comply with this app and thats where it becomes well and also you would want to make sure that people are properly saying they do and not some sort of troll going in there im not sure if theres any if youve read about any sort of things in there but i mean if a troll goes in there and just starts marking oh yeah ive had a coronavirus i mean that can completely mess up the whole situation are there other concerns about this kind of tracking going to be a privacy concerns clearly about this kind of data being shared i think theres privacy concerns about everything the governments doing right now certainly with the you know gerry cushion or who is kind of running the white house response to this and trying to create with private Tech Companies this these tracking systems to track everyones whereabouts but there is a concern here in that right now look apple and google are saying this is only an opt in system so no one will be forced no one will be tracked without their knowledge no ones personal name will be put in their exact location will be put in there so theyre saying theres privacy thats going to be built in but you and i both know many times when promises of privacy come about you dont actually get privacy where it really becomes sticky there where the a. C. L. U. Is following this very closely is theyre saying as long as it remains opt in where you choose to be a part of the system its fine because people have the right to do that but as soon as it shifts from being an opt in to an automatic you know by nature of just having an apple phone or or or an android operating system youre going to be placed into this is them thats when you get into real privacy issues interesting stuff bents one cohost of boom bust and investigative journalist thank you so much for your time today. Thanks for. And finally a little inspiration from the Arts Community as the world deals with this pandemic italian tenor and your butt chali performed in the duomo cathedral in milan on sunday as part of a music for hope about design to bring people together during the coronavirus pandemic it was just but cheli an organist emmanuelle the n l o in the cathedral during the performance which broadcast on the tenors you tube channel now the singer sat included classics like abi maria and amazing grace. And meanwhile in moscow multiple russian artists including ballet dancers svetlana sakuraba and sergei pollution and performed at an empty bolshoi theater as part of an event held in support of Health Care Workers in the country and it aired on state television. And thats it for this time you can catch boom bust on demand on the brand new portable t. V. Smartphones through google play and the Apple App Store by searching portable d t. V. The portable t. V. Up on apple t. V. And online t. V. Also. The portable t. V. App to get the latest news and information about the spread of the virus and as always on you tube. Start to see you next time. Join the. Well coming up from around the world live from Central London this is all to u. K. The governments top scientific advisor is meet to discuss the impact of the lockdown measures as the acting Prime Minister dominic robb admits they likely to be lifted. The office for budget responsibility suggest that could lead to the countrys g. D. P. Decreasing by 35 percent ill be joined by an Economics Expert shortly. Medics on living hand to mouth with the personal protective equipment they have been supplied with as it emerges the u. K. Has missed 3 chances to join in the human scheme for. Broadcasting watchdog as an investigation into comments made by holmes on the conspiracy linking 5 g. Technology to the virus ill be talking to professor of psychology. Acting Prime Minister dominic robb admits that the lockdown is set to continue for the forseeable future this is the office for National Statistics reveals the number of coronavirus deaths this fall greater than the governments figures suggest that it was daschle joins me live for more on this so any ideas. How long this lockdown is likely to continue well sage the Scientific Advice Group to unnerve and seize a meeting later today to review the current knocked out measures but by and large they really are looking at the Data Collected to really monitor the effectiveness of these restriction isolation measures and also to try and track and monitor when indeed we might begin to see a leveling off of the Coronavirus Crisis but just yesterday dominic robb the foreign secretary of course the man standing in the car as johnson who himself is fighting off at 19 he said despite the positive signs we certainly must continue in this lockdown face. We still not past the peak of this farce. So please continue to follow the advice now more than ever to stay home save lives and protect our n. H. S. This week sage will review the evidence of the effectiveness of the social distancing measures that weve taken and we will consider their evidence their assessment based on the evidence at that point i should say we dont expect to make any changes to the measures currently in place at that point and we wont until were confident as complete as we really sticky candy that any such changes can be safely made. Well after now 3 weeks of these lockdown measures much of the country is quite itching to know whether theyll be a relaxation of the isolation measures any time soon of course the government has long been saying that there wont be a change to policy until the peak of the virus has been passed which doesnt exactly vote to well according to the latest figures by the office for National Statistics who found that the official death toll could be a lot higher than the government is actually suggesting and thats because the government figures are mostly based on hospital deaths only and completely amid the deaths of a coming from care homes or Community Centers or even those in private so all the ins is really saying is that theres actually a further 2100 deaths of the linked to the deadly virus by april the 3rd and it seems like the daily figures are not exactly giving a clear picture as on that same date and us found that over 6000 people have died whereas the department for health and social care recorded just over 4000 deaths now this is all particularly alarming because the house even being an outbreak of the virus recorded in care homes across the country over the weekend now the government of all along said that its policy is led by the medical professionals and science experts but no doubt it will be looking at the Economic Impacts as well now today the office for budget responsibility revealed some very worrying statistics based on a particular scenario assuming a 3 month lockdown and in that scenario they could have visited one of the worst economic downfalls in a century theyve said that unemployment revised point 2000000. 00 they also say in the 2nd financial quarter of the year which is april to june g. D. P. Will fall by 35 percent but that the total the economy were to shrink by is 13 percent by the end of 2020 now earlier today the chancellor she soon admitted that yes there would be an Economic Impact but that the Government House and safety nets in place. Well the o. B. L. Is independent of government and as they said this is just one potential scenario by big 3 points i think firstly its clear this will have a very Significant Impact on our economy dot com and with economies around the world and its important that were honest about that people should know that theres hardship ahead we wont be able to protect every job or every business as ive said the 2nd point is clear the report makes clear the actions weve taken unprecedented actions will help to mitigate the impact of the virus on our economy and that will if we hadnt done these things it would mean things are a lot worse for example the impact on unemployment and the last point to make is its clear we must defeat this virus as quickly as possible thats not a choice between health and the comics that defies common sense what we need is just to follow the rules and im grateful to everyone for doing that over the still weekend. So if were all pretty close this already predicts that curation very much out here for that updates want to discuss the Financial Impact of kevin 1000 im not joined by Economics Expert steve mccabe steve hi there good to see you today that 5 percent drop in g. D. P. What what does that mean for the country what does that mean for us individuals. Well i mean George Osborne who is being treated there on the radio he called it starving and he knows a thing or 2 of economic downturns and we were talking about it for one quarter so were in the current course which goes from april to june but to lose a 3rd which is what were talking about a its out in present it is not happened in the last century the end of the 1st or the 2nd world war the Global Financial crisis its in that what were going to members even during wartime the factories to keep producing well by and large pretty much everything is stopped with the exceptions we were in unknown territory of saying of course the sorts of problems therefore cost a gene rich realistically then how long can the country carry on in the current lockdown conditions well i mean thats the sort of the digital question isnt that that the o. B. Are to be fair that they the soon that this last through till june now of course we know from some room is coming out of cabinet that there are arguments about how long this or that the economy can sustain this but of course as this is the death rate continues to be as it is and you know that and excluding care homes which of course is not included the figures then nobodys going to rush back to work and i suspect to be quite difficult to get people to sort of commands at the moment the difficulty you have is that even if this is the lockdown as its courteous to constituted work to end i dont think were going to sort of get away from social distancing study until a vaccine is produced and thats probably not going to happen this year so the Economic Conditions they may start to ease off near be honest that sort of there will be a balance back and theyre all pictures of. Bit skeptical about that and certainly unemployment will not bounce back its going to go up by 2000000. 00 up to 10 percent levels not seen since the sort of the early eighties and the Margaret Thatcher and so therefore i think were going to have a big problem Going Forward but there will be a bounce back of that the country seen financial crisis in the past the world of course and seen deep recession in the past 2 economies do eventually recover yeah i mean and also just to note that the i. M. F. Theyve come out was sort of warning this is the whole world will go into recession of someone 3 percent growth this year which of course includes all the economists and appreciates a kind of an oddity of the averages china of course is coming out of that but of course its going to own problems because it wants to export to countries such as this were kind of going through at the moment the americans or so north america is going through it they want to get back to work or lower prices and trump a vested interest in that i mean you mentioned you know what impact this is going to have will i mean that there was report last week of sunlight icing bear fruit was of something between 1. 5 to 3000000 people going 100 the moment in the us in a developed economy people are going to have much less money to spend because the other thing is this is the o. B. Are talking about a sort of a desk of 273000000000. 00 pounds fog races in the last crisis in 2008 how is that going to be paid back well we can expect probably tax increases in the medium to long so we may get back to some form of therapy so were all going to hit one way or another going to dare i say it will be poor as a result of this this is through nobodys fault a case of just a final thought then. Were all going to pay for this in the long term as you say massive debt theres going to be taxes but in the immediate. Forecast as were looking at the moment has the government done enough to actually protect the economy its measures. Were in a simpler answer is it still as much as it can do but then the course many business is losing out on 1st reports of businesses its mainly hospitality tourism that being protected though the 1st to be hit but many other business is a fun and very difficult to sue to get access to loans furley is ok but what about the selfemployed what about the people who own 0 contracts there are a lot of people who are going to be as a say in tough circumstances Going Forward and jostle did warn that you know jobs will disappear they have a habit of not returning very easily if thats all they thank you very much indeed steve mackay youre welcome what about half of deaths are in care homes according to Data Collected by team based at the London School of economics thats as the chief medical officer for england professor chris witty says the 13 and a half percent of homes of riches now dont break in the data based on figures from European Countries could mean the government is us underestimating deaths as its only recording fatalities in hospitals well lets look at the figures the Research Focus on a number of European Countries including on and where as of saturday 54 percent of all coronavirus deaths happened in care homes and in italy the figure is 53 percent its. Only 45 percent in france. In belgium its 42 percent of fatalities. And the highest number 57 percent has occurred in spain while to discuss this further ill be joined in the next by a professor of social work. The Health Bosses warn that some image shows staff are facing extreme shortages of personal protective equipment following delays in receiving supplies from china chief executive of n. H. S. Providers in england chris hobson says that stars are struggling to get protective gowns remonde its been reported that britain refused to join an e. U. Scheme the bulk bought p. P. Around 1300000000 pounds worth of equipment is due to make its way to hospitals across europe what took them up porter he told me earlier that the number of deaths will be a lot higher than reportage. B. P. Shortages been a problem on the front line i work in general practice with about 11000 patients weve actually got enough now we have to fight through it a bit but weve been lending it out to our Community Nurses at one stage they were down to just 10 masks and certainly were hearing in our area that the pressure points into points appear to be in hospitals and in cairns obviously hospital staff get through much more protective gear than we do its much more important that they have it because theyre exposed to much more risky activities things like ventilation and integration and although theres supposed to be enough across the country whether its getting to where its needed when its needed is another issue the reporting of cases is more about statistics and gathering information rather than something they say they could be even indeed a deliberate case of underreporting these deaths or that but it is simply the way the system is set up do you think i think we need to be careful on the i mean that the reason why we just use hospital dates is because theyre the only confirmed cases theyre also available with a 24 hour turnaround but they are the tip of an ice that everybody in the field knows that the real figure is much much much higher. What were seeing is you know confirmed cases in hospitals within 24 hours they get reported very quickly so that updating it be 24 hours of the total deaths gives us an idea of whats happening nationally but but trust me the number of cases and the number of deaths is going to be much higher and thats the same across the world. New u. K. Figure those have been revealed now and an additional 778 coronavirus patients have died over 93000 patients of not tested positive for coverage 19 across the country and of those more than 12000 have stopped the last that lives well meanwhile the number of confirmed cases across the world approaches 2000000 and according to Johns Hopkins university 120000 deaths of almost half a 1000000 now have recovered from the disease. Still to come here on the u. K. Watchdog ofcom begins an investigation into the present a monogamous after it received hundreds of complaints over his remarks about 5 g. Technology we have from a professor in psychology. Id also join the schools for the World Health Organization to be abolished over reform of what he says is a dangerously inept response to cope with 19. The Unemployment Rate is not protected to reach 30 percent of america higher than the Great Depression the stock markets up 30 percent from recent lows and the size of the Central Bank Balance sheet has expanded by trillions so the question is which came 1st the expansion of the Central Bank Balance sheet or unemployment what is the cause and what is the effect as weve been saying on the show for 10 years Central Bank Balance sheet expansion causes the unemployment because it causes the deflation that causes the economic duress that creates the unemployment. Seemed wrong. But. Just dont hold. Me to be yet to stamp out these days to come to educate and engage with. The trail. When so many find themselves will the party we choose to look for common ground. Will Health Organization continues to lead to chill out in the global fight against coronavirus its practices a fall into the shop scrutiny in some quarters it says it aims to achieve the highest possible level of filth on a global scale providing guidelines for countries to follow but in april President Trump said the ha needs to get its priorities right calling it china centric and rolling on the. They seem to be very china centric. Then we have to look into that so were going to look into it we pay for the people majority of the money that they get and its much more the 5858000000. 00 is a small portion of what theyve gotten over the years sometimes they get much more than that sometimes its for programs that theyre doing and and its much bigger numbers and if the programs are good thats great as far as were concerned but we want to look into a World Health Organization because they really are. They called it wrong they call it wrong. However the organizations director general it is people not to politicize the virus and insists on the importance of unity in the Global Response and now one journalist is calling for the organization to prove forward or abolished what he calls a consistent mishandling of epidemics and corruption and again sions and is joined by the journalism self Christopher Snowden and he told me what has led him to question the World Health Organizations compensate c. I dont dispute that trump is certainly looking to divert attention from his own handling of the cover 19 but the shows handling of it has been really appalling and i think there is ample evidence now to show that they have been complicit or at least at the very least gullible in the way they that accept it whats been coming out of beijing particularly in december january and even into february that were still questioning whether human to human contact was was happening with this disease they were praising china for its transparency of all things and also for its general ending and wing of the disease so hes been utterly incompetent and its approach our attitude is rather puzzling but whatever the reason behind it it has not this interest played the level of confidence that we expect and hes not the 1st time it was just a one off the not it would be perhaps be less of a concern but he also dropped the ball in a bowlers dropped the ball on on several issues that have certainly been credible allegations of corruption theres certainly been expenses scandal and on various other criticisms you could a little its only been in recent weeks because for obvious reasons people have been been more interested in looking at the w. H. O. And seeing how. People are starting to ask questions ive been asking questions for some years about this organization its highly unaccountable and its not doing the one thing it was it was founded right to do no good. Mediator our should say media regulator ofcom is to investigate remarks made by i. T. V. Presenter a man holmes on yesterdays edition of the smalling after the program received over 400 complaints holmes questioned the medias quick dismissal of a Conspiracy Theory linking 5 g. Technology to the coronavirus. But what i dont accept is Mainstream Media immediately slapping that don is not true when they dont know its not true holmes has since said his comments were misinterpreted but reiterated that the public is concerned and right to look for answers comes amid over 30 reported attacks and 5 gittoes across the u. K. Since the outbreak began the theory states that radio waves emitted by 5 g. s suppress the immune system with people more vulnerable to illness however the claims of either been debunked or lack Scientific Research to back them up to discuss the ongoing disinfo mation about the virus im joined by professor of psychology peter 8 and peter very good to see today now you have talked to us before about the power of conspiracy theories in times of crisis and why is this what about 5 g. s stuck that despite any credible proof. Well there is some bizarre aspects to it. As youre probably aware the why way company in china is involved i mean controversially in the 5 g. Network they are obviously from china the virus supposedly originated in china for some people this is enough to spark credibility in the sort of bizarre claims that are being promoted by who knows who for whatever reason and havent holmes has of course since clarified his remarks but what has he already done damage by bringing up conspiracies about. Narratives on 5 g. I think he said made a statement that ive read but ike im not sure its really going to do a great deal for people who are already suggest by this Conspiracy Theory so for example he says theres no Scientific Evidence to substantiate any of these 5 g. Theories i mean thats somewhat understating the scientific position as i understand it its not just that theres no evidence to substantiate it but theres plenty of reason to discredit it entirely the science isnt simply drawing a blank on this idea at all its definitely got set highly and should we peter just just resign ourselves to the fact that some people never believe the media are experts so whoever is telling us something we simply dont want to hear. I think maybe ive lost peter you there still peter can we get to come back to you peter i think we have actually lost peter lets move on and well see if we can try and get peter back in in a few minutes from now apologies for that well the off com investigation into him and holmes his comments comes as a report finds that trust in Media Outlets has dropped considerably over the course of the Global Health crisis however after 4 years of Political Division over bricks at the pandemic has seemingly brought us closer together for now at least the survey found that 21 percent of britons across the political divide say they have lost confidence in that media sources over trust in Political Institutions has increased with 40 percent saying they have more faith in the government than before the pandemic. The fine gee conspiracy isnt the only disinclination circulating about the pandemic. Has the lowdown on some more coronavirus myths and urban legends. Are you suffering from information overload lets debunk some myths and get the lowdown were here to separate the facts from the fiction. Of viruses on our cash now we all use money and we dont know whos handled it before us the World Health Organization has advised the public to stop using all physical cash in favor of Contactless Payments if possible as corporate 19 might be able to survive on the surface of bank notes dr Christine Tabor card an expert in infection and immunity says that poisons are even worse for helping viruses survive so if you do have to use coy its a bank thats please watch your house regularly special drinks will save me there are dozens of crazy theories flying around the internet from gargling with bleach to drinking how your in yes you have done correctly so consuming drink of all silver or the socalled miracle mineral supplement to chlorine dioxide also known as industrial bleach Public Health england says there are no approved vaccine drugs or investigational products currently available to treat or prevent the virus its as simple as that plus drinking bleach will make you very ill and how your. Thats not very bad. Dentists can spread the virus. Covered 19 can settle on all surfaces and that includes toothbrushes just like you are about phone so it might be a good idea to wash them thoroughly before use or even safer perhaps its time to buy a new one but what about going to the dentists dental dorothy say routine treatment is not available at the moment but Emergency Care is still possible. But is it a risk for both the patient and the dentist if the dentist take the measures that have been said by u. S. Authorities were in order protected. And. Protective measures are needed there shouldnt be any risk and thats why the emergency is being been allowed because a we know that their leader. Their mosque there you can prevent the transmission but. There is no response if there is a risk if the patient needs to be seen this or even. The transmission in the dental practice is possible to drop airborne spread or contaminations of the sort so you have to be really really careful when any patient in that. I might have the virus and i might spread it theres a good deal of uncertainty around this random testing in iceland showed that 50 percent of people who tested positive for corona virus had no symptoms at all and for those that do the incubation period is approximately 5. 00 days on average and experts believe that grade a virus is mostly contagious before and during the 1st week of symptoms lasting up to around 10 days that said the Scientific Community warns that one in 100 patients good develop symptoms are to 40 days quarantine so be aware the virus affects everyone in different ways and thats different speeds. Theres a 2nd wave this winter. Nobody wants this to return later in the year with 19 is a completely new virus so its really hard to know what will happen. Is certainly possible while social distancing and lockdowns will help slow the spread of corona virus if Society Returns to normal too soon the outbreak could sadly escalate again so in short stay home until government advice changes that slow down for today be safe because and wash your hands. And thats it for the moment more news in the alpha from now. Please. Thinking of getting a new phone the ones we got in our ships no problem was he didnt know its still trapped in this tiny little wired punch well be near the crate with him he will just stir freaking out in she wont let us bring him anywhere near. Reading dogs and caged in in 2 main conditions on poppy farmers i mean 67 years you know theyve been locked up in a cage outside you see no protection from the weather the heat you know the cold air the rain the snow the funder nothing they have no protection. To kill you. To get through case. Across the u. S. Cruel puppy mills are supported by dog shows and pet stores most of the puppies are coming from these large Scale Factory farming kind of operations are being sold in stores even joined a good businesses are involved like cargill among santa there has been a shocking amount of organized opposition to efforts to increase the sands of care for dogs bred in commercial rating for so many most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs dont buy dog on o. T. The world is driven by shaped by phone personal those words. Thinks. We should ask. Greetings and sell you take. It appears my friends that the dream of the United States we all grew up learning about is now nothing more than the burning final embers of the once powerful fire i say that because according to reuters the guardian and many other News Agencies the United States of america and its representatives have been running a no prisoners winner take all style approach to Global Medical supplies since finally taking the covert 19 pandemic seriously a few weeks back reuters reports that from europe to south america u. S. Allies are complaining about the superpowers with wild west tactics in outbidding or blocking shipments to buyers who have already signed deals for vital medical supplies how bad have we been well after we apparently hijacked an order of 200003 m. Facemask that were being shipped out of china bought and paid for by the german