Transcripts For RT Boom Bust 20240713

Down plus well take another look at the global spread of the coronavirus and action taken by governments around the world and the markets are in the red again and being dragged down by poor big performance we have expert analysis on hand to go over the details with a packed show today so lets dive right in. And a huge agreement has been reached between the Trump Administration and u. S. Airlines for a bailout package in the billions included in the 2 trillion dollars stimulus package signed on march 27th was about 25000000000 dollars for the Airline Industry but until now the Treasury Department and the airlines had not come to an agreement on exactly how or under what conditions the airlines would receive that money now the greenman which came together late tuesday includes warrants that could lead to the federal government owning equity stakes in the companies and requirements that 30 percent of the assistance would have to be paid back now according to treasury secretary kerry steven minucci and the airline. That will receive the funding include Alaska Airlines Allegiant Airlines American Airlines Delta Airlines Frontier Airlines holey. And airlines jet blue united sky west and Southwest Airlines now conversations continue with airlines regarding their potential participation and thats of course what stigma nugent says joining us now to discuss his boom bust cohost and investigative journalist ben swan ben thank you so much for joining us today you know yesterday when we saw the reports of this all coming out it was interesting to see how it was written as the airlines have accepted this bailout theyve theyve done a gracious moment and accepted it but i want to start with the issue of repayment here so far we know that about 30 percent of these bailout funds will be in loans and the other 70 percent will be in grants why exactly is that. Thats where the acceptance part of the story comes from because the airlines didnt want to have 70 percent of these come in the form of grants and 30 percent in the form of loans they wanted 100 percent of them to be grants we dont have to pay any of this back because were so important to america and to the economy of course they didnt get that deal so thats why they went ahead and accepted the 25000000000 this way but heres what we know about it so and some of the stuff is just so ridiculous but i got to tell you for instance the treasury officials to situate determined that 70 percent they say of the grants that the airlines would get would actually benefit taxpayers get this they say in the form of payroll and income tax receipts that doesnt make any sense at all they dont loan someone money if they can pay it back to you and then say thats a benefit to me because they were going to give some of it back in the form of taxes thats thats crazy and so essentially what theyve done is are saying 30 percent of it youre going to repay back at some point but i got to tell you this stinks this whole thing 25000000000. 00 going directly to airlines to build them out when in the past we know this that American Airlines and Delta Airlines so Many Airlines have gone into bankruptcy in the past it doesnt mean that those airlines shut down they re emerge from bankruptcy it does not mean the end of the Airline Industry which is what so many in the media are telling us now what are the most interesting portions of this deal is that it does seem to include some ownership stake in the airlines for the u. S. Government how does that work into that actually going to happen. Yeah its kind of a crazy idea you know especially in a moment when you have a Trump Administration that has been running on the idea that the u. S. Will never be a socialist country the president talks all the time about how socialism so terrible and yet they just put into this deal a very socialist measure which essentially says this that essentially the treasury is going to receive stock warrants worth about 10 percent of the loan amount that exceeds 100000000. 00 now there are some very very Small Airlines that might get less than 100000000. 00 but every major air carrier is getting billions of dollars in loans were talking about American Airlines getting Something Like 5800000000. 00 delta is getting around 6000000000. 00 for their part so when youre talking about these Airlines Getting billions of dollars and the treasury is going to now hold stock in those companies which in theory they would say oh the taxpayers hold stock but thats essentially socialism where a Government Entity or the government itself owns equity in a private industry its crazy what bet and i only have about 10 seconds left here with a quick answer but is there any actual possibility that theyre going to take those more its up and actually the u. S. Will take those stakes. It is possible its not likely i guess necessarily but why put it in there anyway so if youre not going to take that stake why would you include it in this bill at all its outlandish for it to be in there and i use one of my people i know were short i want to remind people that meanwhile you have Small Businesses all over this country that dont even qualify anymore for this 350000000000 not in grants but in loans that were going to be made to them and you have millions of companies that cant get anything while the Airline Industry is sucking up all the air in the room and all the money in the room with a 25000000000. 00 bailout for just a couple of companies were going to get to that in just a 2nd here boom bust coast and investigative journalist ben swan thank you so much for your time there. Thanks jan for more on this bailout of the Airline Industry and some other Economic News were joined by professor Richard Wolffe host of economic update and author of understanding socialism now professor what you just heard what ben said and actually that was exactly how i was going to open this interview was how can it they put there and they were the 1st to have their hands out and now were seeing even just within the last couple of hours the s. B. A. Loan program is basically falling apart and its already run out of money so what do you make of this whole situation with this Airline Bailout. I could not agree more with your previous interview he has it right this really burchinal terribly likely to be a lot of the old. And nobody knows who would beat it most a small correction the total value of the gift of the airlines is closer to 6060000000000. 00 than 25. 00 yes its 25. 00 in outright grants and loans of the sort you spoke about but theres an additional 25000000000 of what i call loan guarantees in which the federal government says you know where the banks borrow money to get the best deal imaginable because we guarantee the loan if the airlines can pay and the government will and then on top of that another 8000000000. 00 for the carrier the cargo part of the airplane business which all those companies all. Involved in so he says are your gifts and it will be mostly the discretion of the boards of directors of those airlines so lets say a Dozen Airlines 10. 00 to 20. 00 people on each Airline Board of directors theyre going to be the ones who decide how do you lose all of this money theyve always islas did to profit the shareholders and the top executives there is no reason to assume they wont do this saying now why do you permit this bailout to be controlled by the people who have bankrupted these airlines over and over again well we have to look into a very strange crystal ball to get that incident and as weve mentioned i mean they were so generous to have accepted these terms on this but professor wolf i want to go back to the f. B. I. A question i had there is you know were just a couple of weeks into the Small Business program that is supposed to help the Small Business who are hurting and theyre already saying that this could be running out of money at the by the end of wednesday afternoon and yet were still talking about an Airline Bailout so what do you make of that situation. I think youre seeing exactly what went with this country what it looks the biggest businesses have the biggest arms because of course the biggest lobbyists who get what they want in that 800 page bill the smaller businesses have lesser lobbyists and the average citizen has basically no lobbyist at all and thats the bill which you get yes theyre running out i mean let me remind everyone the 1200. 00 that people were going to get and were attached players you know the average income of an American Household about 60 grand a year you worked out that 1100. 00 a week what were being given is one weeks money its already 4. 00 weeks into the shutdown weve been losing money this is a joke when you compare what has been given. Average people and to be am rather bold at the top who have more responsibility for this economy and any of the rest of us which they proudly tell us all the time you really have to shake your head in disbelief and now professor what you just mentioned the stimulus checks that theyre there actually getting peoples accounts or getting direct deposit of course as you may have read according report some of those paper checks may actually be delayed as the Treasury Department ordered that president trumps name be printed on them but new debt is actually saying those who have already received their checks and already are spending it 16 percent of that is going to take out and delivery restaurants 10 percent on gas an additional 9 percent at the Grocery Store and even 5 percent is going to video games is this type of spending actually stimulating the economy or or is it just you know is that just getting people by. Its very getting people by its over at the end of the reef for me give you an example European Countries heres what they did they told the companies gunfire anybody they dont have unemployment instead keep 300 jobs keep them aware of whats going on at the job we the government will help you pay their wages and salaries for an indefinite period so theyre not anxious when they get the job back at the end it will not go take a different job which may not be the one that theyre trained for all the inefficiencies of what were doing is gone and a much more stable rate read costing more money by all means but theyre not his riches we are so here its purely the way the system favors girls that that is governing whats happening professor Richard Wolffe host of economic up day and of course author of understanding socialism thank you so much for your insight well have you back soon to talk about this. Good to be here. As the total number of cases of the coronavirus has no eclipse 2000000 worldwide lets take another look at the spread of the crowbars globally with r t correspondent science editor sorry whats happening today brenda 2nd week of april marks the deadliest week since the pandemic arrived in the u. S. 3 months ago and now more than 2000000 cases have been reported globally and the u. S. Accounts for about 30 percent of those cases with more than 600000 nationwide and but at the beginning of this pandemic we all looked at china china right dealing with the outbreak and i had the time it seemed to be completely out of control but 2 months later the situation is very different right now after aggressive testing and quarantine efforts that were mandated by china and numerous other countries around the world are also in the beginning stages of managing their own outbreaks which is what appears to be a leveling off so i want you to look at this graph right now so in these countries once and so in this country it will show that flattening the curve does not mean immediate and other chronic virus but a slow decline and a great example of that is france germany italy china portugal and greece which are all already in the curve as you can tell instead of going up there kind of flattening so this is all great news and even though spain and italy have the 2nd and 3rd most reported cases in the world behind the u. S. Both European Countries are beginning to see a decline in the number of new only reported cases so it does appear that the peak of the virus has passed as the numbers and. Paid and this is all credited to things like social distancing testing and personal hygiene and now theres also in these countries which have dramatically reduce the spread of virus which is also why some European Countries have started some industries back including spain which has resumed some factories and the latest germany who Just Announced their plan on reopening their economy on april 20th and lets not forget china which had a lockdown but ended in one on on april 8th and the citys transportation hub has actually resumed operations were people are even starting to travel again and wealthy and consumers across. Provinces have even turned their irma store which is of course known for their famous luxury bags and made a record sales in fact some 2700000. 00 just in one day so all positive signs for the economy so but we also resell countries flattening the curve by brand there are also countries that have not had flattened like the u. S. U. K. Brazil and india who are really struggling too slow with the number of infections and exports are actually warning that india might be the next major outbreak while south america is also struggling to stop the spread of the new coronavirus cases including countries like brazil in ecuador which are likely being way under reported no going back to as you just mentioned quickly how is the u. S. Doing so were obviously seeing Grocery Stores and pharmacies in high demand at the moment right but many other businesses have closed and consumers are drastically cutting their spending because guess what 15000000 americans have lost their job and as a result u. S. Retail sales plunged. 8. 7 percent this month the largest decline ever way worse than previous recessions which goes back there into 2008 and ran the Retail Sector accounts for more than one in 10 u. S. Jobs the only other industry in the us that actually employs more is health care and stores that generate billions of dollars in rent for commercial landlords ad sales for local Media Outlets and local cell receipts for state and government so this is really trickling down to everyone and were seeing all the pain happening right now in the economy r t correspondent so i have a juror thank you so much for that excellent report today. Margery can always find the latest news and information regarding the coronavirus on portable t. V. s coronavirus tracker time now for a quick pause but hang tight because well be right back and as we go to break here are the numbers that the quote. Los. Humanity is on the edge of the precipice thanks to continuing destruction of. Just seemed like a lot of good results you could losing. Lets hear from leader of. The meeting eugene. Of the new. I think that all of the war. Or the. Only dealing in the muslim world as a rule book you can sit around and stuff it and ship them through the day when the. Human activity has brought us to the brink of the worlds 6th major extinction of it and the people in this film just cant take it anymore. Fine art market which i think is a great market to give an indication of where prices are whether heading the fact that fine art of sothebys and other option houses has gone up dramatically over the past 10 or 1520 years spectacularly so its not reflected in the price of bread into all of it and now its starting to be that way so that inflation that we saw in the High End Products is down going to end up being in the staples like wheat bread food chicken i just saw somebody post a image of a chicken for sale somewhere that price was up 100 percent. And. Thinking of getting a new phone the ones weve gotten here shows no problem why is he didnt know until he was trapped in this tiny little wired how much are we going to need to create with him the wall. Reaching out into the wall when its pretty much anywhere near and thousands of breeding dogs are caged in the in human conditions on the phone 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. Going to get them you. Know to get to kids. Across the u. S. Cruel puppy mills are supported by dog shows and still most of the puppies are coming from these large Scale Factory farming kind of operations are being sold in stores even joined a Group Businesses are involved like agoa mom son to there has been a shocking amount of organized opposition to efforts 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 on o. T. And welcome back Global Equity markets are bleeding again after would have been a mostly positive 7 day stretch so lets break down whats happening with some expert analysis from todd horwitz chief strategist at bubba trading and boom bust cohost christy i am going to start with christie here so christi tell us whats going on with equity markets today. All bark its open sharply down wednesday as we start to get Economic Data and weak banker earnings coming in all below expectations and mind you know expectations i have already been lowered or advised low are ready so theyre coming in even worse and that we sell about 500. 00 points around the open and close down almost 2 percent so today the department of commerce reported that march wintel sales saw the biggest drop on record and the biggest annual decline since the financial crisis so now we have all the nancy j. C. Penney preparing to file for bankruptcy and now thats been closing all 850. 00 of its stores and furloughing its 95000. 00 employees across the United States marshal showed that retail sales plunged 8. 7 percent in march with clothing and excessive shopping 50 percent of all my food and beverages which dropped 25 percent and then you also have new York Manufacturing numbers coming at an all time low 78. 2 percent so now essentially again a double whammy the 2 big pillars of the economy the consumer and the business all getting hit and all coming and worse than expected you know kristie were going to get to some of some of that Bank Information in just a minute but i want to talk about oil is actually kind of had a dismal day here whats going on in the oil sector. Well as i crash below 20. 00 overnight before struggling back up a bit as huge inventory build were reported and the i. A. E. A. Commented that this is a historic Production Cut it wont really be enough to counter this record demand slump this year demand theyre saying could fall by 29000000. 00 Barrels Per Day in april driving demand to its lowest level in 25 years now stockpiles are rising everywhere and at this rate well why storage will be exhausted very soon and since this entire store deal doesnt really kick in until next month the battle for market share is still on to win asia right now you have this price war between abi dobby and saudi arabia and abductee just kind of crude after saudi arabia initiate the price war again earlier this week and now but i want to bring you in here dont worry i didnt forget about you i want to follow up on over this oil here it looks like texas is attempting to bleed Oil Production cars and now we have had a free market in the oil industry and some time with all the intervention but at least there was the illusion of that free market but with Texas Producers now pro russian Oil Production is this the beginning of the end for the u. S. Free markets in oil. Why you going to that if you look at the free markets in general when you have the Federal Reserve the largest ponzi scheme in the world of legalized by the scheme thats always a problem i think that youre going to see this going back and forth this goes back to the old days where they need to cut production because theyve got to resign the supply and i think that the free markets will will win out in oil because again all theyre doing now is trying to accept the bleeding it but if you look at oil going into the future june oil is higher than may and july is march higher than ball so again were seeing some bullish action behind the scenes but what youre seeing right now is that you know many are always coming off the board tomorrow and its just theyre just cya because again there is not going to be an increase in demand but the market is pricing in a bigger demand coming down the road i think we will see it once these idea of the economy open again you know kristie were bracing for a slew of negative earnings reports this is where the banks come back in because weve seen 4 of the big guys the big banks really take a beating this week alone. Is this an indication of how just how bad things are going to get are or they could get worse. This is an early indication of bank of america as expected report of big badness on earnings despite the lowered expectations coming in even worse so profits were down 45 percent during the year and the stock sank 6 percent so and a response so now most of these big banks have now reported giving us an early look at the damage theyve all reported more than 40 percent decline in earning all across the board and now the big 7 u. S. Banks have already set aside some 27000000000. 00 in credit loss provisions and thats lost as 4 times greater than the provisions set aside last year and the most since a financial crisis so the question is will the actually be enough all the banks are expecting massive massive defaults and delinquencies and no man knows how bad the delinquencies and rouse will be and as a result they will face even bigger profit declines later on now Goldman Sachs luckily also reported losses dragged down by debt and Equity Holdings but it was buoyed up by gains in trading so out of all of us wall street peers Goldman Sachs derives the biggest share of its revenues from trading and m. And a so in that respect it was slightly more insulated than its peers and did lower but better. Lets go to bubba noted fed enthusiastic the old saying dont fight the fed is certainly applied here in the last week weve experienced one of the best rally since all way although today not so great but will this actually hold that should we just ignore fundamentals here or are and just buy whatever the fed is buying at this point. I. Think its going to hold i think when you when you look at the overall picture youre seeing the sugar rush the artificial buying right now i think that i dont buy that to market are going to make new lows before its all said and done right now youve got the fear of missing out playing in because again youve got this issue that were as can you go with your money i mean you can go into the bed of the bonds or in our banks because theres no place to go so money is flowing in but were in right now the markets are extremely a liquid right now you have no volume so all youre seeing here is some artificial movement before its also. As the fed is always on the past is this markets going to fall apart and again we will find somebody who will overcome but i believe be much lower than we are today and now. Finally i want to head over and more thing the Small Business bailout fund is expected to run out of money we just mentioned this a little bit ago it is expected run out of money by the end of wednesday but most Small Businesses are still actually waiting for the loans to even be approved whether theyve even been able to apply so much because its been such a problem so what happened all that money and are we going to expect more government money coming soon. I think that theyll get their money the ones that have apply i think the role be more the big problem with these packages where you know brands is that when when when the governments got to negotiate with the other party where we havent had the time to send to the left theyre going to stick all this crap in these bills which at the end of the day we pay for anyways so because theres all this is all going to come back in tax money at some point and thats the problem with this whole deal i understand whats behind it and i know we want to get people working but without the economy rolling and without companies in business its kind of hard to figure that even the stimulus money is going to help because theres nobody theres no velocity of money theres no turning of money were just in a bunch of illiquid things right now Todd Horowitz chief strategist at bubba trading and boom bust cohost chrissy i thank you guys for that expert analysis. And during these times of social distancing in lockdowns many of us are forced to work from home for instance here on boom bust we rotate weeks hosting and producing the show from our homes and from the office you see sarah much as they ok here every other week me generally this means operating systems a few miles away in a convenient matter but what if your project was over 100000000 miles away well scientists at nasa are doing just that with the mars curiosity rover in a post on tuesday the space agency explained how a team of hundreds of people are operating the rover from their homes much of the work that would be generally conducted on soon. Computers is now being done by a laptop war on web services its not just maintaining the rover either the team said it recently drove up iraq drilled a sample and sent the data back to the team to be analyzed as if it was a normal day at the office even if that office is nasa thats it for this time you can find the brand new portable t. V. Apple billboard smartphones through google play and the Apple App Store by searching portable t. V. Or stream is to your t. V. By downloading the portable t. V. s on apple t. V. And roku devices as well you can also find our coronavirus tracker on the portable t. V. s where you get the latest news and information about the spread of the bars and as always check us out on you tube dot com boom bust our to see you next time. Join me every day on the alex salmond show and ill be speaking to guest of the world of politics business im show business ill see you then. Just every small cycle dont put up with. The loony p. C. Im fine it can be so easy surely the improvements will. Take you through a cruel shock wachusett next dont. Give us a safety feature. Of the. Coming of us from around the world live from Central London this is all to u. K. Acting Prime Minister dominic rob is expected to announce another 3 weeks of lockdown later but reports suggest the government doesnt yet have an exit strategy for the. I could have it suggests young adults could be the 1st to be released from lockdown in a bid to boost the economy ill be joined by one of the Research Shows behind the findings a little later. A new scheme of dolls women and older not on to have a abortions but critics say the coronavirus knocked out could make it impossible for some to access the service a prochoice campaigner. Also this hour the Health Secretary announcement of the reason i dont cant provide this is put aside online thats a letter calls the governments response shambolic. Acting Prime Minister dont rob used to chair a cobra meeting today where hes expected to confirm a prolonging of the restrictions but reports say an exit strategy for the doesnt exist shut it was daschle joins me live in the studio for more on all of this. No light at the end of the tunnel just yet regarding the not done well in short not quite and less seems to be a knock down in the long haul as ministers are expected to announce a 3 week extension to these isolation lockdown measures so normality could really be a long way off and that comes after dominic robb the foreign secretary of course the man standing in for Boris Johnson deputising for him chaired a Cabinet Meeting remotely today is also chairing a cobra meeting with devolved nation leaders including scotland wales and Northern Ireland 2 of which scotland and Northern Ireland already announcing a 3 week extension to the lockdown measures so strong indications that the United Kingdom will officially follow suit and that really is because it seems as though these lockdown measures are really working so the government wont really wouldnt want to diminish any of that progress just yet not at least until were past the peak of this virus and just yesterday about how the Health Secretary said they will be lifted the lockdown measures will be lifted when its safe to do so we can all let up in our efforts we cannot let go of the hard work thats been done so far this shared sacrifice and i know its a sacrifice is starting to work but we will not lift these measures until it is safe to do so everyone who stays at home is doing their bit protecting the n. H. S. And saving lives. Well today much also added that hes very grateful to the public for abiding by these measures thinks that theyre doing quite well and not flowers flouting or breaching the measures over the last few weekends and so the for that reason that the government doesnt really want to put these good efforts to waste now by in large opposition parties they really do agree with the governments handling of all of this crisis of course we do know that the government policy is led by the medical and science experts in the field that say relaxing the measures too soon could really see a resurgence of the transmission of the disease and weve also heard today from one of the leading scientists for the government even suggesting that social distancing would need to be kept in place indefinitely until a vaccine is made available to the public and thats why the government at this point doesnt want to water down its measures still continue with that line to stay at home to protect n. H. S. And ultimately save lives but many do wonder what exactly could happen in the near future so to give a clue we only have to look across the channel to our european counterparts looking at them models we know some European Countries have already begun to relax their isolation lock down measures so we could see potentially across the United Kingdom some schools opening their opening their doors to peoples once again of course not where the outbreak has been the harshest like that of london or birmingham other options could also include looking down at different demographics younger and fitter people could also be allowed back to work all of this will be open for discussion but for now for today the government say that anything like that is too soon should you thank you very much for all of that research is suggesting that the Younger Generation could be the 1st to be released from knocked down as they are less at risk from coronavirus. Research is for more akin averse to claim that those aged between 20. 30 that dont live with their parents could be set free to prevent the country from a recession and this would mean around 4200000 people returning to normality for his show that around 2600000. 00 young adults work within the private sector could help boost the economy data suggests that an extra 13000000000. 00 pounds could be generated each year by saving just hoff of Young Private Sector Workers from unemployment im not joined by one of the researches behind these studies professor nick puffed away neck thank you for being with us to tell us more about the logic behind allowing 20. 00 to 30. 00 out of lockdown where there are 2 simple logics really easy the 1st logic comes from the evidence that yes its a typical matter the young are substantially safe compared to the rest of us so according to one study in your College Study fatality rate is 3 in 10000 now if you look to people who are in Old Age Group the risk increases quite substantially almost exponentially the 2nd logic behind this proposal that andrew and i are making is that the young and also the hardest hit are naturally but to prolong lock down so that since they are the safest and they also stand to gain the most from their release does basically our logic that so that they could go out start we could start the economy and increase the and prosperity sure as you say those youngsters are less at risk but of course they could be carriers is that why youre saying that as long as they dont live with their parents. Exactly so we try so one of the the proposal were making is that they should be 20 or 30 year old who are not currently living with parents or older adults and basically their behaviors have to be monitored and presumably in the same way that we monitor it now so that behaviors have to be upheld by the law to Police Officers and still have to be given the power to check on people and to find people who are breaking the law is this young age group fun in the lockdown especially difficult and if they are what could be the possible consequences if they have to stay at home for a much longer period well i think the studies coming out now from u. C. L. A. And many other places. The young compared to other age groups of finding the lock down a bit more difficult. In the sense that its much more and defining quite boring to be inside to be cooped up. In the cage nic im so sorry to have to interrupt you because were crossing live to the russian president Vladimir Putin is addressing the Security Council well talk to you later nic thank you. Well im sorry about that we will cross live to moscow as soon as we can but hopefully we might be able to return to nic nic you still there. I can hear me now im free into friday right nic can hear me but were back on air again if youre there nic and i can hear me. Lets carry on them with this chat remember where we were actually were talking about young people finding it very difficult to endure this knockdown particularly the 20 to 30 age group. Well i mean theres this new studies coming out now that doing this you know people who the lockdown effect i think the young are relatively more effective in terms of their Mental Health their anxiety at the end of depression rate has gone up by quite a bit among the young so i think you know a lot of financial worries about them because they are the lowest earning group of the of the entire age groups so. Yeah basically i think i dont think there is a lot more benefits to keep them you know not under lockdown for longer than they should and yes thats basically it really so if the if this was implemented when do you think the people all either side of the age bracket even younger than 20 and indeed over 30 heading toward the fortys what went could they expect to come out lock down. What we have to kind of reviewed to sticks and review it you know all the other measures as well so you can imagine if there are Antibody Test a commune targeted for the older generations who a bit more you know riskier to corona virus so you can start releasing people in a stack of way so you can imagine releasing people who have. Antibody and we also know that for example women are less severely impacted by the coronavirus they could also be considered as another demographic could be released in a in a 2nd or 3rd state i dont know anybody in the world no net at the moment no best to do this but im sure that the proposed policy that we are making has to be done in conjunction with other policies things like truck tracing and other things thank you so much for joining us professor nick paton we sorry to interrupt you a little earlier and i thank you for rejoining us thanks for being with us here in our ticket thanks for sharing. The government. To investigate why those from britains black and ethnic minorities have been unduly affected by corona virus it comes as a pastor of a church in oxford raised concerns after 2 Filipino Healthcare workers in his congregation died from the virus over the weekend. Junior. Worked as porters at John Radcliffe hospital in oxford they ought to have at least 23 Filipino Health care workers to have died from the disease and see outbreak began almost 20000 filipinos work in the n. H. S. And Community Health sector making them an integral part of a Britains Health service when it was spoke to a filipino clinical make from who until recently worked in the n. H. S. Frances fernando he told me always hauffe of all Health Care Staff deaths from the virus ah filipina. Theyre estimating to be 20000 are trained nurses flowing in then chairs but also there are the factors to look at that the government needs to really. Investigate and one of those factors that come to your mind because we do know about the shortage of protective equipment of your colleagues filipinos themselves being exposed to the lack of protection perhaps more than others or any idea on that yeah so ive heard from my colleagues and friends who are still working in them its just us us transplants. They sometimes have to improvise. In advocacy of provision of p. B. S. Or lack of p. B. S. Or. Their legal problems so they are working and either big or perfect that very well so has it got this problems and the percentage of those whove died is quite stunning isnt it in the Filipino Community yes it did so in the we have aids and for fortunately 8 nurses recently and thats nearly our 5050 percent of all the nurses in there and just about due to 19 so thats a very High Percentage considering that were only around 2 percent of the book and just workforce but when it comes to the nursing workforce we are 2nd behind danger in the numbers working from then adjust and then the top and the numbers you mentioned above 2030 have the workers from the philippines who died in their working then adjust or in social care so again but the overall mortality in the for the just that again nearly 45 percent. Lets take a look at the latest figures here in the u. K. 100000 people in britain have now been tested positive for the virus 861 hospital patients have died over the past 24 hours and that means that across the nation over 13000 people have lost their lives well across the world more than 2000000 have now tested positive according to Johns Hopkins university of 139000 have died from the illness however the hoff a 1000000 people have recovered. And you dont seem. To have abortions but critics say the credit could make it impossible for some to access the service campaigner. Market which i think is a great market to give an indication of where prices are where theyre heading the fact that fine art of the bees and other auction houses has gone up dramatically over the past 10 or 1520 years spectacularly so its not reflected in the price of bread. And now its starting to be that way so that inflation that we saw in the High End Products is going to end up being in the staples like wheat bread the food and i just saw somebody post a image of a chicken for sale somewhere that price was up 100 percent. Changed american lives but pharmaceutical companies have a miraculous solution. Based drugs the people who are chronic pain patients believe that their opioid prescription is working for them in the remedy be certain to. Price at the. Grocery dependency and addiction to opiates is the long term use that really isnt scientifically justified in our study actually suggests that. The long term effects may not just be absence of benefit but actually that very night because we want to. Join me every thursday on the alex simon chill and ill be speaking to guests of the world of politics sports business im show business ill see you then. The streets once again underlined its commitment to maintaining the current brics a transition period in spite of the coronavirus pandemic number 10 as said the u. K. Well nigh the last for an extension all except one from the e. U. Should brussels ask for it downing street said that extending the implementation period would prove Business Uncertainty the transition period is due to end in december this year trade talks between britain and the block is set to carry on video call throughout the pandemic. More than 250000 people have registered the charity centers to help those most vulnerable since the beginning of the outbreak according to the latest figures and he certainly has this report. We are all human we always stick to the saying of imaam and he says its your equal in humanity or your brother in faith so this is the principle we working on we are all together and we are all human and we should all take care to look after each other when it became clear that tougher measures were needed across the u. K. To battle the coronavirus pandemic the government was quick to announce packages that would help those in need last week i said this issue of interest in the much. Ive posted to you really takes. Me through this crisis but some of that money cant come fast enough to some while others are falling through the cracks of the system including the most vulnerable because the fact that more volunteers have popped up all over the country to step in and help reach the most vulnerable much like this initiative in north london we try to get people really whole are in need in much need now its the elderly people disabled People Special needs people and someone to fijis an isolated people who are trying to do go outside so we got this team of volunteers and we doing parcel of foods as is said its not enough for everybody but were going to do it again and again but while the work of volunteers hasnt entirely gone unnoticed by those in power think critical hours crisis has already proved is there really is such a thing as society the groups working on the volunteer front lines say they struggle with doing their work due to a shortage of protective gear but the need for their help is too great well obviously we are trying to keep a social distance as much as possible but obviously theres a huge amount you need in every community we have found all sorts of people have moved into this part of area brint and so the food. Support that were giving them including hope mills is obviously helping me to chime of need with the country on lockdown with no end in sight those working in the sector calling on the government to recognise volunteer groups as key workers to and fund them so that they can get on with the crucial work of preventing people from falling through the gaps last week a raft of measures to help charities was announced but many voiced concerns it didnt go far enough i think in reality weve all been caught by surprise by the scale of the pandemic and the extent of the Economic Health care and social impact of it so whilst the government has put in basic some measures to assist charities deal with the immediate starting ramifications and its put out some packages to support charities with the fund raising initiatives i think a lot more will need to be done particularly if we are to try and make the work more impactful but while the uncertainty of carving and indeed the length of the lockdown continues those we met say they dont plan to stop until everyone has received the help that they need these are 2 u. K. London. A scheme has been launched in northern and to allow women to have early abortions in response to travel restrictions with abortion is now legal in the one and there are as yet no services in the country as a result women were forced to travel to the Republican Guard and or britain for terminations but lockdown measures have rendered this impossible a new scheme by informing choices and i means that women will now be able to get the 1st Abortion Pill from a local clinic and later ones can be taken at home but such groups as alliance for choice of warned that the lock down creates more complex issues they say that as women have to leave the house to access a service it will be difficult for those who are vulnerable for example those in abusive relationships may no longer have a reason to leave home or for more on this some now joined by campaigning Emma Campbell thank you for being with us can you tell us more just how the lock down has affected abortion in more than one. Well 1st of all its a fact at the point of clinics that were available to women here and in the 1st place also its obviously affected travel so there are certain our diets are flying the airports are shut but in top of that there will always be people who for some reason in time travel great distances to clinics so people in rural situations and people was no child care and currently in the plans i mean people who are either self isolating or who are quarantining because they have illness. I see and i Access Points about the number that you call if youre able to go into the clinic for the 1st pill but whenever we spoke to Northern Ireland office and the secretary of state turned out and before they brought these regulations in we already explained as did all of the leading medical bodies that there was no clinical need for the 1st tablet to be taken in the clinic but they told us repeatedly that we couldnt have anything that was better than the law in england at the time and the law in england at the time hadnt changed tele medicine yet so were kind of left and stuck with this. Piece of regulation even though weve only just got the law changed in Northern Ireland and im really what were talking about is the difference between 5 pills at home or shore pills at home when one of the clinics it doesnt make any sense whatsoever for people have trouble into it then it could Health Care Workers at risk of themselves and their families at risk for no neat. Until he was at risk if you dont mind me talking the Vulnerable Women as well particularly i can tell us more about that particularly when it comes to to peace of relationships. Well we we know that Domestic Abuse this as a sharp rise during. A pandemic and theres also other factors like if someone is under 18 hire you going to tell your parents that you need to leave the hyest portion when everybody seems to be under not on what would be the reason that you have to submit i think a lot of people are in courses control relationships so even if their partner isnt necessarily violent they will control their contraception they will control their access to credit cards they will control their access to the car car keys so there are lots of ways in which its more difficult for certain people to leave the house and we cant underestimate tries care as well if you have 4 children and your partner has to keep work or all of the ground parents are currently in south isolation high exactly or east are used to get to its an exit with all of those are based on real examples that weve heard from in the last couple of weeks i have to talk about this this being a medical procedure Health Service is already under huge trust you to coronavirus. It makes them cynical it makes no object to the actual scientific steps its really we sink those regulations were couldnt as i should know as a sap to people who were uncomfortable with them coming out in the 1st place and unfortunately they didnt rely on best medical evidence which was all given to them at the time and so were really pushing that that tell you medicine should be introduced in Northern Ireland as it is in our land in wales and england and scotland and thats the best we can keep our Health Workers and the people who need access to that i know you are really pushing for this what what sort of signals are you getting when you achieve your aims while the secretary of state for Northern Ireland is saying that they dont have any parsed this despite the fact that their state party responsible for human rights and we have department of Health Minister in Northern Ireland too was part of an anti choice march very soon after we got the law changed. Its an art and so were really frustrated that the secretary of state didnt use or pars to bring us in line with the rest of the United Kingdom when they have the ability to but we wont stop until we try and get access for everyone until those times where its help people because organizations like women on web and women help women expand in the meantime and i thank you very much for being with us Emma Campbell. Thank you. Very much hancocks announcement of a green badge of honor for carers has been met with skepticism online with critics saying those working in the sector need more practical help to follow the announcement by the home secretary 2 weeks ago that normal british n. H. S. Frontline staff whose visas were to expire before october would be granted a free one year extension but the scheme doesnt extend to the care sector which over 100000 normal e. U. Nationals work in the u. K. Those applying to have visas extended face fees of over 2000 pounds number 10 dust hopes todays saying there will be no changes to the governments immigration bill when it comes as a leaked letter sent on saturday queues number turned of an imbalanced approach to the needs of the n. H. S. Compared to social Care Association of directors of Adult Social Services that help to social care felt like an afterthought and that the delivery of p. P. Easy to adult care providers had been shambolic the government has since announced increase support for the sector with more testing and improvements to the delivery system. But despite the ever rising global coronavirus death toll over half a 1000000 people have recovered from the virus are these modern andrew spoke to some who have made it through one of our stairwell a fail saw action of a law and you lushly to feel what a way are its source so scary because you dont know ways the boat i dont know wait a bit and the harder ive moved it to be choked to fail almost like it was something to be ashamed of. Up to tell people. Scared of what was going to harm to me and yet its just awful fiona is now recovering from a suspected case of cambridge 19 but she like many in the u. K. May never know if her symptoms were indeed coded as testing has been limited to hospitals and for frontline staff while most people infected will have little to no symptoms those who do can experience a loss of smell High Temperature continuous cough and a spirit tree problems but while many are now familiar with the symptoms not everyone knows about the Recovery Process after a severe infection with coronavirus it affects your lungs they will take time for your lung symptoms to improve particularly the shortness of breath so taking activity people might feel fatigued also there is the general aching and weariness of the body which again will take some weeks to recover but generally the Energy Levels or pick up 2 to 3 weeks down the line while the government struggles to roll out testing to frontline staff its unclear how long it will be before its available to the general public and for many that are currently experiencing covert symptoms the advice is usually the same stay at home the antibiotic site to finished on sunday. And so today i still dont have strain for not stool pain in my lungs. But are not better than what i was. 3 weeks ago definitely so had 2 ambulances caught. In the space of a week and profound lence has refused to take him to hospital and through sheer of maybe i didnt have it and then i would be reamed out be infected in hospital so they would take me to hospital recovery may take a while but those that have been through it all. Hoping that at least there may be an light at the end of the tunnel well i always because. That doesnt seem to be the case because Boris Johnson all the people i was watching harvard she was caused of a man was negative so i dont know its just. Its really difficult to know what because it would be immunity to ask and so it sort of you know hopefully we can start to get back to normal life knowing that you grew up in unity because right now i dont know what to do or not the jurys still out on whether having had the virus makes you immune to reports of repeated infections with so many uncertainties one thing is for sure the 10s of thousands who are recovering or who have recovered from corona virus are currently relieved that they are a statistic with a positive outcome Martin Andrews r t u k london. Breaking news now the russian president has announced he has had to postpone the annual victory day parade due to be held in moscow on may the 9th but in a pretense at hosting the celebrations in the midst of the outbreak was too risky to go ahead event marking the 2nd world war victory of a nazi germany is usually celebrated with a military parade and other Public Events across the country. And colleagues from r. T. International will be here in just a few moments from now with more on that breaking news story thats after a short break. So what weve got to do is identify the threats that we have its crazy. Let it be an arms race. Clearly dramatic. I dont see. Very critical time to sit down and talk. Now max keiser this is the kaiser report yeah a lot of lock down you know i ran a poll on my twitter account real max kaiser on twitter 95 percent of you said you want kaiser report 4 times a week not just 3 think about that well you have the power to make that happen make sure they know about it out there and you know network land and well we can do. Yes were on lockdown the kid lockdowns contin