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Economy as the week draws to a close we take a swing around the globe to break down the performance of International Markets and later a few sectors have a few sectors have been spared and the Auto Industry is no exception we bring in expert analysis to break down how the industry has landed on the brakes with a packed show today so lets go and dive right in. And we leave the program with u. S. President donald trump laying out a roadmap to reopening the economy our approach outlines 3 phases in restoring Economic Life we are not opening all at once but one careful step at a time and some states will be able to open up sooner than others some states. Are not in the kind of trouble that others are in healthy americans will now be able to return to work as conditions on the ground. Instead of a blanket shutdown we will pursue a focus on sheltering the highest risk individuals so important were stablish ing Clear Scientific metric and benchmarks on testing new case growth and Hospital Capacity that must be met before advancing to each phase. For his briefing thursday the us president said it will be up to individual states to tailor the approach to meet their unique set of circumstances he although he was also quick to point out contingencies will be in place if the virus were to return. If the virus returns in the form as some sign just think it may possibly these guidelines will ensure that our country is up and running so that we can likewise put it out quickly. As we discuss the prospects of reopening the u. S. The number of reported deaths due to cope with 19 inside the country hit a record of 4591 in just 24 hours on thursday so lets take another look at the spread of the code of i was 30 correspondent saya tablature so whats going on today so globally brand weve had over 80000 cases just within the last 24 hours bringing the total death toll to over 150000 but the good news is or also almost half a 1000000 people have also overcovered so lets start here with the u. S. Where the president has unveiled a new guidelines to help states loosen some their instructions and to get the economy back but with over 600000 cases here in the u. S. The guidelines will still recommend minimizing things like nonessential travel and indicated that the vulnerable population should remain at home and President Trump is also incensed ing that he should be now up to the individual governors to make that decision in their own states when they want to begin that process and thats because not all governors have expressed a eagerness you could say to quickly reopen since some States States such as north dakota still appeared to be experiencing an increasing cases meaning that their peaks could still be weeks away and then i want to go over to europe which has now over 1000000 cases and over 95000 deaths but specifically i want to talk about another lens that just got a huge job and has just reported or over 1200 new cases. Gest in the last 24 hours bringing their death toll to almost 3500 then i want to move over to japan which has just declared a 2nd wide a 2nd nationwide state of emergency and with Prime Minister shinzo abbe an ounce and plans to give stimulus funds of about 930. 00 to each of japans 120000000. 00 citizens and brant it also appears that indian usually is now has now the most confirmed cases in Southeast Asia in the needle reported almost 6000 cases following the countrys largest jaitley jump of more than 400 new infections jest in the last 24 hours and so far restrictions there have been very moderate but on thursday in the near to indonesias president advised that its citizens stay home during the muslim holy month of ramadan and thats pretty significant brand because a request of the most worlds most populated Muslim Country where an estimated 20000000. 00 people traveled for ramadan last year so thats asking a lot of their citizens and in that region brant only china where the virus originated from of course has a higher death toll which then brings me to china oh who just revised or official death toll by 50 percent now officials and won with a virus or 1st reported have added a little over 1200 deaths to the cities toll and officials explaining that the deaths had initially gone uncounted for because in the early stages of the pandemic some people died of the homes whereas Health Care Workers were more for get focused on treating cases rather than reporting the depths and then i also want to talk about iran thats really struggling with the virus now the number of confirmed cases in iran have now almost 80000 almost 5000 deaths and but iraq. Also entered the crown of irish crisis with a crippling that conway that really wasnt even well equipped to battle the disease now iran is really deprived of any sort of cash to do endless rounds of u. S. Sanctions now as a result of terror and its something in markets that the country has not done ever in over half a century they actually were cress of 5000000000. 00 in emergency loan from the International Mine Monetary Fund to fight the virus but there is the issue not and even if the i. M. F. Agrees to the loan there is a massive obstacle for iran to have a conference and thats to us who defines the biggest shareholder and can use is muscle to block that Financial Assistance to iran r. T. Correspondent science havent or thank you so much for that insight borabora and we want to go back to this 3 tiered plan to reopen the u. S. Economy so what specifically are these 3 phases well the 1st phase is looks a lot like where we are right now phase one keeps vulnerable populations as i just mentioned sheltering in place social distancing policies of no more than 10 people remain and forced to work is still encouraged and not essential travel should be minimized but elective surgeries can resume and gyms can reopen but schools and bars will remain closed down phase 2 live social distancing to 50 people open schools that allows nonessential travel to resume and then theres phase 3 which allows the vulnerable population to return to public interactions so want to go over this joining us now for expert analysis we bring in blue bus cohosts ben swan and christiane thank you so much for joining us to discuss what this actually all means christi lets start with you how do you see this plan in terms of getting the economy actually going again. I mean its interesting that you call that a plan thats kind of like saying hey brown whats your plan on getting someone to mars and you thought at 1st were going to build some spacecraft no mention of how or where you get the funding from then yes phase 2 you launch it you try to aim for mars but anything else will do. No timeline of when thats going to be achieved or not and then you have face 3 eventually will start and that colonizing it great no mention of how or how much it will cost so as a lot of the analysts are summing it up this morning that the our version of the u. S. We open in guideline a simple there really is no plan there are no deadlines there are no guidelines or protocols to business insists on protective gear testing sanitizing checkpoints contact if any excedrin so the plan kind of offers no federal assistance and the president pretty much left it to the states to independently source and secure and pay for all of the he and medical quick meant that they need so you see the market rallying today almost 2 percent on the hopes that theres going to be a reopening on the whole that galea delivered americal drugs on the hope that the s. B. A. And for that stimulus it all is on its way but thats all hope and weve seen this by the rumors sell the news and so thats why you had that scab down in the market of the tree market when smart money actually exited these trades you have this massive gap down because the market doesnt really believe in the snow plan plan because if this were real news that we were going to have this reopening in the economy we would have a massively green day we would be up over the 1000 points volume will be the roof but now you dont really see that because analysts really dont believe thats happening right now well its interesting as you say kristie that there is a its a no play in play and because if theyre basically saying its up to states to decide how to reopen but heres how we would tell you to reopen but we dont really have to listen to us now ben what does this all mean for Small Businesses especially when this would be a state by state approach as we just mentioned yeah i love christies analogy of the basically plan to go to mars and you have no idea how youre going to get there because this goes even even further than being a state by state strategy its actually a county by county strategy in a lot of cases in some cases it will be city by city within those counties so theres absolutely no rhyme or reason to the whole thing but on top of that if youre a Small Business owner right now you are just youre getting. Screwed you know every which way its crazy right now the s. B. A. Is not coming through for you the money is not there because all the loans have dried up before tens of millions of businesses even got a chance at them and now youre being told well dont worry theres going to be this slow rollout to get you back but we dont know if its going to count in your county or in your city or in your state maybe it will and maybe it wont and so theres no clear answers especially for Small Business owners you know airlines may sit there and say well weve got our our billions now that are coming to us so we have time to wait this out but theres so many families right now that dont have the time to wait this out and are being told there is a plan as she said christie said but there is no plan now kristie the plan is also meant to get as much of the economy go back growing by may if we can but if you look at it in a reality the 2 biggest cities in this country los angeles or new york theyve already extended their larger their stay at home orders until at least mid may and what analysts are saying is this could test the lows that we saw in march what do you think about that about 30 seconds kristie. Well the market has been trying to discover a floor and we had this massive need down on the back of stimulus and the fact that the lockdowns had an end date before so if we actually extend this lockdown and if we extend this and day and if there is actually really no plan to get the economy back on track then that entire expectation is going to fall back on the market i want to get me test and what we had back in back in march boom bust cohost Christine Benz one sorry for the short interview there but there you go so much for. The. Markets are mostly seeing gains for the 2nd consecutive week in hopes of a possible treatment for the corona virus from u. S. Drug giant the u. S. Appears to be flattening the curve or at least thats what President Trump is saying as he released a new set of guidelines for reopening the economy so lets see where markets ended up lets start in moscow where the mo x. Is up for the week and this despite the country seeing an acceleration of new coronavirus cases earlier this week russia and saudi arabia agreed to cut Oil Production and are now considering more steps to boost oil prices lets move to asian markets worst stocks saw some gains on friday in shanghai it is also up for the week seeing several games throughout the week even after a new report cited chinas economy is seeing its worst 1st quarter performance since 970. 00 g. D. P. In the country fell 6. 8 percent in the 1st quarter year over year slightly more than analysts had expected in japan the nikkei also up on the week to being hit on both monday and thursday after extending the state of emergency to the entire country but the nikkei saw some gains on friday surging 3. 15 percent to close in hong kong the hang seng also up on the week after a steep decline midweek as investors worried about the ongoing Economic Impact of the coronavirus pandemic however the composite saw a jump on friday where it was able to hold some of its gains on the week now moving to india the sensex also up on the we. Week and it ended with gains of 1. 4 percent on friday in its final hours of trading the private banks index jumped by 8 percent with private Banks Axis Bank and i see i. C. I. Leading gains by 13 and 9. 5 percent respectively lets move to australia the a. S. X. 200. 00 its also up it rose on the week after 4 consecutive weeks of gain and now it finished higher cross most sectors nearly closing at a new one month high getting 1. 31 percent to close out the week and in south africa the all share is also up for the week so thats green markets all the way around there so lets go ahead and take a walk across the studio and check in on markets in europe and the americas where things are still positive but we do have a few red arrows to take a look at in london in the footsie is one of the green arrows gaining more than 3 percent on early trading on friday again amid optimism on possible treatment for the corona virus and prospects of lifting some restrictions in france we see our 1st red arrow there the cac saw a 4. 2 percent surge on friday despite being down for the week the end of next was down for the week after the country continues to report hundreds of daily deaths from the coronavirus now the german dax also saw a 4 percent rate gain on friday investors are optimistic about chancellor Angela Merkels announcement to gradually ease those restrictions back in the country now lets move across the atlantic to brazil that ebo best buy is up on the week despite political turmoil that continues as president dire balsa naro and the new Health Minister clash over the handling of the coronavirus lets head north to mexico the b. M. V. Is down on the week and here in the u. S. All major indices are up the dow the s. And p. And the nasdaq all up with an overall green arrow for the New York Stock Exchange tech stocks have had a week friday was a make or break day for the week and the 3 phase plan to reopening the economy helped push things up and lets finish everything out up in toronto in canada the t. S. A. Composite square. Dow deposit week despite markets taking a dip thursday on the back of poor performance in the financial and Energy Sectors after this positive week markets are hopeful that something will work to treat the Global Pandemic that has kept the Global Economy shuttered and really now its just a we have to take things week by week and that is your Global Market walk and time now for a quick break but hey here because well be right back here the numbers at the close. The world is driven by a dream shaped by. The dangers thinks. We dare to ask. Humanity is on the edge of the precipice thanks to a continuing destruction of the natural well. You do seem to learn gives us a group of people using much and i think if you. Play the piano you. Must remember that you can. I think that all of the war. Or the. Only dealing in your muslim world as a rule book you. Shit them stupid. 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. And welcome back since the start of lockdown due to the crow virus we have seen multiple industries feel the pain obviously the Airline Industry has gotten a lot of attention after they receive that huge bailout from the United States but what about the Auto Industry and its people are staying home and business is shut down new car sales have grounded to a near halt in march european car sales reported a dramatic drop of 55 percent according to the European Automobile Manufacturers Association here in the u. S. The socalled big 3 automakers reported big dips for the 1st quarter of 2020 General Motors sales fell by 7 percent in the 1st quarter while feel that chrysler saw a 10. 4 percent decline and ford says the 1st Quarter Sales dropped by 12. 5 percent over the same period so lets take a broader look at the state of the Auto Industry amid the pandemic with john quelch dean of the Miami Herbert Better Business school and lauren fix the car coach thank you both for joining me lauren lets start with you as we talk about the prospects of reopening the economy here in the states what does this look like for u. S. Auto manufacturers. Are manufacturers are planning to start opening up depending on the manufacturer and its location starting in the 1st week of may all weekend in may but what we have noticed were going to see some work for this because just today the president announced that sales are considered essential as well as distribution and manufacturers and suppliers and thats going to be a major plus. The automakers in china had their worst ever quarter from the start of january to the end of march sales dropped by more than 40 percent in that period according to the China Association of auto manufacturers is the industry going to be able to pick back up in the country as restrictions are lifted. As a matter of fact the to mond in china has been going down steadily over the past 21 months as a result of government restrictions and emission requirements in in february of this year the full year on year was 80 percent and in the last month that was 42 percent in march so there is a little bit of a hint of a recovery there interestingly tesla had its best to have a month in march after its manufacturing plant came on stream on february the 10th and they sold over 10000 cars in china in march for the 1st time i know lauren i know youve been keeping an eye on this how does the supply chain situation work with china having been categorized to a halt and i know what its like 70 percent of parts come out of china i apologize you probably know that number better than i do but what is that looking at there. Well interestingly enough youre talking about tesla getting on line because theyre in shanghai and theyre getting support from the Chinese Government but also volkswagen has 32 of 33 of their plants open and theyre producing product as well so as long as that supply chain continues to produce product we should be in a better position the big problem is here in north america we need the full north america to be functioning basically in concert because we get product out of canada and Assembly Plants as well as mexico so mexico and promise that we would get on line a week before the u. S. Got their plants back on line and we dont know if thats going to happen because mexico is put a halt to production right now until the end of the month there may be some exceptions but we need to have that pipeline of supply parts going back into the manufacturers or they cant build a car missing a component then following up on that manufacturer point you know we talk about sales almost grinding to a halt you are you actually are seeing that manufacturing of vehicles is coming back online as things move forward is that the case right now. Yeah i am seeing that actually some of the manufacturers are already up youve got starting on monday volvo will also honda hyundai and has been are already put back on line so you see a lot of manufacturers poland is allowed to you know to get on line theres a full list of them and its really interesting to see the certain countries are trying to get everyone back to producing products so i think its going to be an interesting on ramping of all these different manufacturers but believe me they want to sell cars and theres going to be incentives to get these cars sold because you know people are going to be getting checks stimulus checks around the world and theyre hoping and praying that theyre going to use that to purchase a vehicle. We actually just mentioned europes car market is getting crushed right now and now the german auto lobby is calling on chancellor Angela Merkel to allow car sales the country reopens with a clear worldwide economic downturn in the offing here can these sales actually come back. Well it depends a little bit on the opening up of the economy. You know when you think about it visiting an automobile dealership to kick the tires its not quite as congested an environment as a Retail Grocery store so from that point of view there should be an opportunity to reopen earlier rather than later but a lot of consumers in germany and elsewhere have just slammed on the brakes theyre perspiring new car purchases theyre postponing trading in their existing for a preowned car and theyre probably going to be trading down in terms of the overall dollar value of the car that they do buy when they get into the dealership to buy so there is a case for incentives not just in germany but worldwide and the situation is reminiscent of the situation in 2008 the Great Recession when the u. S. Government initiated the well known cash for Clunkers Program to try and motivate folks to trade in their older used vehicles and buy something more recent. Here in the states the c. E. O. Of carvalho which sells vehicles told c. B. C. He expects these stimulus checks from the government could haue vehicle sales with americans not really knowing when this whole thing will be over and frankly if theyre going to be coming back to to work are they going to actually be spending these 1200. 00 checks on a big ticket item like a car i mean do you see that happening in this economy. Well i think if that were to happen it would somewhat defeat the object of the exercise which is really to give consumers the opportunity to have cash in hand for daily and weekly purchases notably groceries and other essential items so using those checks and by the way the checks on that big in the 1st place to subsidize the purchase of a new car thats pretty unlikely. I just. Want to point out one other thing if i may and that is the lease situation in the United States with so many of the 22000000 people who are now filed for Unemployment Benefits these people have a lot of vehicles the leases will come due they wont be able to pay the least monthly fee so thats going to create another problem in the use of the will drag down new car prices as well. Lauren fix thank you so much for joining us today to discuss this important issue thank you thank you. As we talk about mode of transportation scooter sharing giant lime is buying assets from electric skateboard startup boosted according to a newport from the burj has bought up at least 5 a boost its core passions and the company is apparently working on securing the companys intellectual property dating back to the end of 2019 a former boosted c. E. O. Confirm some details of the acquisition by a reddit post earlier this year boosted ran into issues after developing a new electric scooter which ran roughly 1600. 00 and was also hit hard by the trade war between the u. S. And china that made it harder for them to get parts boosted also expended quite a bit of cash working to expand into 30 nations worldwide at this time its actually unclear what lines plans for the assets will be and thats it for this time you can catch boom bust on the brand new portable t. V. After bailable on smartphones through google play and the Apple App Store by searching portable t. V. And as always you can check it out on youtube dot com start to see you next time. We. Ask. That. Without. Junks this is what happens to pensions in britain. You watch kaiser report. Thinking of getting a new puppy once we got our shoes no problem was he didnt know until he was trapped in this tiny little wired coach we dont need a crate with him he will. Freaking out and she wont let us bring him anywhere near. Breeding dogs or caged in in human conditions on puppy farms 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. Because you. Know its ok. Across the us 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 in stores even joined a good businesses are involved like ogling 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. Theres. No. Good a. Good. Teacher. The German Government has to graduating if the nation. Is under control however the refugee shelters that seeing infections rise dramatically. Largest face and this is the 3rd or 4th pandemic that came to china u. S. Politicians continue to play in china with one republican senator saying that washington should respond with sanctions. On the how. To celebrate

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