Transcripts For RT Boom Bust 20240713

Hit next winter at the start of the flu season will the u. S. Have nearly 900000 infections and a total death toll of more than 45000 this comes as white house. Advisor dr Deborah Burks warned americans that to prepare for even more deaths we will continue to see mortality and among our american citizens particularly in the cities as they begin to move past because. Well it turns out the 1st american lives lost a coven 19 came earlier than originally thought will help us officials in california said tissue samples taken during autopsies showed that 2 people tested positive for the virus just weeks before this was at the start of february on tuesday the u. S. Senate approved a new 484. 00 trillion 1000000000. 00 stimulus package for Small Businesses this while President Donald Trump and treasury secretary Steven Menuhin said they would ask some businesses who received relief funds to return them meanwhile the state of missouri is suing china for not doing enough to stop the spread of the outbreak Chinas Foreign Ministry spokesperson game shuang rejected the claim. It is purely malicious vexatious litigation which violates the basic legal principles according to the principle of southern equality in International Law southern actions taken by a chinese governments at all levels in terms of Epidemic Prevention and control are not subject to the jurisdiction of the u. S. Courts when meanwhile the food and Drug Administration authorized the 1st in home test kit for the coven 19 sold by lab corp the test cost 101000 dollars and it is expected to be available to consumers in most states within weeks while mexicos Health Ministry confirmed a jump in the countrys cases to more than 700. 00 now totaling more than 9500. 00 with a death toll of 857. 00 and the country rejected an outright lockdown in a country where half of the population lives in poverty meanwhile sweden a country that did not impose a lockdown amid the outbreak aimed to slow the spread of the virus by allowing exposure to it so essentially they were building herd immunity while protecting the elderly the countrys chief epidemiologist said herd immunity could be reached in stockholm within weeks well india is also looking to attempt this herd immunity on its younger population but for more numbers and information on the coronavirus be sure to check out our portable da t. V. App and look for the section tracking coronavirus. A short term story in the market remains oil or oil remains low as it lead to a dow decline of over 1000. 00 points in just the last 2 sessions but lets bring in much of a trip to discuss kristie we are getting a slight rebound today whats happening with oil. Well the u. S. Oil industry is cutting production by 900000. 00 barrels a day which is the biggest one month decline since the financial crisis and analysts suspect that this might only just be the beginning and that more cuts are needed around the world of storage runs out but after 2 days in steep losses the market stage a turnaround on the back. Oil as a rebounded in light of the cuts the june contract is up about 20 percent today and the company ministration is also considering offering federal stimulus to oil and Gas Producers in exchange for government ownership stakes similar to the deal that they proposed to airlines earlier this year now nothing has been finalized yet as it remains one of the several possible options however this pop seems to be a bit premature as capacity only has about 3 months to go before its filled as demand all faster than production is declining so as reuters reported the hunt is on to find storage dozens of oil tanker vessels have been booked in recent days in order to store crude bring offshore storage to a record high traders are also getting quite creative to renting and storing crude and fuel in an unused rail cars in northeastern u. S. Or new pipelines so at this pace we should expect at the negative prices once again in the near term month especially as we get closer to x. Ray and thats what were saying yesterday that were expected see these negative numbers in the next month or 2 kristie we talked a little bit about the u. S. So on tuesday right the popular e. T. F. That is undergoing some massive restructuring and order to avoid this liquidation whats the latest there. Well you have yes so theyre very popular retail e. T. F. Tugboats said is doomed to fail to mention that yesterday and theyre changing a structure yet again in order to deal with this historic mullah to lety and to keep from blowing up so as the retail traders the inexperienced investors who got burned in this oil trade exit out of the basket us so now trying desperately to retain investors after is pretty much 80 percent growth this year is now i think you doing a one for a reverse share split that will go into effect after close on april 28th now this is by all means entirely cosmetic dressing not really improving any of us fundamental as its trying to avoid additional losses this is really unfortunate because the e. T. F. Was designed to attract the casual investor who really doesnt understand the complexities of the futures market and so as a result it basically suckered in more than 5000000000. 00 in assets from these Retail Investors and basically made a prize all that value in about a week many have now dubbed the retail killer most certainly a very complex issue especially if youre not familiar with it thank you for that explanation kristie but for more we want to bring in a shawn hyman of the logical investor shawn thank you for being with us today were starting to see some High Profile Companies move toward bankruptcy we saw victoria secrets 24 hour fitness at Neiman Marcus at cetera but the real story is really the hundreds of thousands of Small Businesses that are suffering the Restaurant Industry which is largely independent employees employs about 11000000 workers and about a 3rd of arent going to reopen again are we underestimating how severe this downturn will be because even as lockdowns get left and many of these jobs are gone for good. Yeah absolutely some of those jobs wont come back some of the jobs there wont be demand for because the the demand from the customer side will be listening you know restaurants maybe youve got to pull out some tables in your restaurant and maybe only fill half of the capacity that you could before things of that sort some people who could go to restaurants movie theaters whatever maybe they do maybe they dont so theres you know even once you kind of flip the switch and allow the economy to come back its still going to be tepid probably it at 1st to what it should be and some of these jobs wont come back and then theres a spillover effect from those who you know they waltzer their incomes what they would have spent on you know further affects other people in the job losses there so its kind of a domino effect there especially like youre saying if these jobs dont come back i mean 11000000 people thats a lot of workers but seana earnings week continues as we are continuing to get more data points on just how the economy is actually doing we have some big homebuilders reporting today as well as casino giant las vegas fans what are we hearing out what are we hearing out of them. So its been kind of mixed but i would say this this Quarterly Report the problem with it is earlier on in the quarter you know all these Home Builders and casinos you know were do it would doing better and then the coronavirus of course is affected or more in the latter part of the quarter so it is going to be a muddy reporting i think more importantly were Going Forward i think its still going to possibly be worse for them than it was in the past just due to coronavirus and the effects of it so i think all these casino stocks and all the homebuilders still have another leg down to go in their stock prices and i think theyre going to look in there once for a little longer before things really truly get back up speed well as speaking of casinos we know nevada is home las vegas to several casinos reno as well i do want to ask you this nevada mayor wants to reopen businesses sooner rather than later theres talk of steve one who said that they wanted when casinos to open by mid may now we know casinos are filled with germs do you see this happening. It could happen but but even still its like what you know youre probably going to have to unplug every 2 you know one or bandit so to speak you know between so that youve got people staggered in and maybe only open up so many card tables and things like that where youve still got some sort of social distancing around so even then when they you know ramp back up its still going to be to big compared to full swing what they could normally do in regular time so its still going to affect them for a pretty good bit well kristie i want to turn it over to you the markets also getting a little bit of a boost on talks of the stimulus what should we expect there well on wednesday we had the 484000000000 a relief package passed and focused on Small Businesses hospitals and testing now is moving over to the house for approval hopefully by thursday so while this puts about another 350000000000 dollars into the p. P. P. Programs in order to help keep Small Businesses afloat more than 22000000 americans are still filing for unemployment already and as you just mentioned with casinos thats not expected pick up because even if they reopen who do you expect to go attend these casinos most of them are primarily driven by mass market traffic and right now with unemployment so high i mean really just picking up at this point so this stimulus package is basically just a bandaid its a little too little too late and fails to address other immediate problems such as a collapsing state budgets now part 2 of the carrots package is really going to be where the meat is and thats going to be forth hackers that will potentially include more direct payments potentially get extended Unemployment Insurance and now theres also this talk of an infrastructure bill which is the kind of recovery component of the entire relief bill that will be focused on rebuilding and getting jobs back to the people well and thats a huge problem there with Small Businesses who arent seeing a lot of these loans where are President Trump and and treasury secretary minucci now going to be asking these businesses to return those funds so interesting how this is all really playing out now kristie i must cohost and lodge of logical investor thank you both for your time. Thank you thank you. Only days after apple and google announced a landmark agreement to Work Together to create a Contact Tracing app for the corona virus one country is already asking the companies to go further in terms of violating privacy of users well that country france has become the 1st country to call publicly for the tech giants to weaken our privacy protections around digital Contact Tracing this after its government admitted that its current planned when it work without changes to smartphone operating systems or friends of digital minister. Told Bloomberg News that were asking apple to lift the technical hurdle to allow us to develop a sovereign European Health solution that will be tied our Health System well joining us now to discuss is bill this cohost of the fence one than a lot of privacy that weve been talking about lately but lets start with the technical part what specifically is france saying that apple really needs to do here yes so essentially what france is saying is that right now when you use a con trick of the Contact Tracing app that france is trying to use the problem is if you have an i phone and you have that app on and then you switch to Something Else so now you move over to your instagram or you go to facebook or you just turn off the phone all of a sudden the stops running it stops tracing it was subsoil that we knew thats part of apples operating system currently and so what france is saying is hey apple what we need you to do is we need you to change your operating system for us so that this Contact Tracing app and tracking can actually track the user when their phone is off it can track the user when theyre on some other kind of application where theyre not actively using it essentially turning your phone into 247 surveillance that is what france is asking apple to do so lets try if everybody at all times right well randall wants to decoy by may 11th thats just around the corner without using the special measures that apple and google have put in place why is this such a problem for apple and google to just conform to what france is asking and do it. Well a couple of problems number one remember that when apple google announced that they would be doing this the very 1st thing they said about it was they said it would be an opt in program only so if you want this app on your phone when you download it onto your phone if you want to opt in the information then you opt in you are not required to be a part of this what essentially france is saying is dont make it opt in they wanted on every smartphone in france they want everyone to be required to have it if you have an apple or google phone well thats a problem the other problem is is that whatever apple does and google does in one country they have to do it in every country you cant just isolate the phones in one country for your operating system and say this is the french operating system and so you cant just say well were going to go ahead and violate privacy laws that would be a violation in other countries just because france is telling you to do it here lastly whats really interesting about this sarah is that france is the country that keeps wanting to levy higher taxes against apple one against google because they say that those companies are violating user privacy and remember the e. U. Keeps fighting google and facebook for violating user privacy so while the sudden today no no longer think user privacy is important pretty ironic especially like you said theyve been fined not only by france but other members of the European Union as well and still sometimes facing some investigations right i mean google and apple really just who knows how theyll work this out but a little bit ironic here talking about privacy again with them both cohost pence one thank you for that report. Sara things. Time now for a quick break but hang here because when we return well take a look at the state of the Global Economy with professor richard wolf and what a potentially you keep recovering could look like as we go to break here the numbers at the. So what weve got to do is identify the threats that we have its crazy. Let it be an arms race. Dramatic to follow only. Very. Time to sit down and talk. People are really remarking that 2020 is a mirror image of 2008 its the exact same problem banks blew themselves up in are now demanding a bailout at the point of a gun from the fed and other Central Banks and except this time the dislocation in the economy combined with the coronavirus is so great. This. Is a story about. Stray bullets kills young in the streets. What happens to. The mother daughter is. What happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better than him and what happens in court. Shop smart. Revealed. We dont know this is true because. We. Know churches. Is youll be 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. By. What is true whats is faith. In the world corrupted you need to descend. To join us in the depths. Or a maid in the shallows. The coronavirus pandemic has impacted all countries around the world both rich and even developed all the world has been completely disrupted with global shutdowns some countries began to cautiously ease their restrictions with so much information of the one 900. 00 still unknown its nearly impossible to project the Recovery Time when the International Monetary fund predicted that the Global Economy could shrink by 3 percent and that for recovery wont be reached. Until the end of 2021 well joining us now is host of economic update and author of understanding socialism professor Richard Wolffe professor thank you for joining us today lets start with this question what might happen economically if more data shows and comes out that show there is a lower than expected death rate from the chrono virus well frankly at this point the uncertainties in that confused information is so global in scope that i dont think theres any way to answer any of this kind of question there are lots of theories that the virus could come in waves which means we wont be out of the woods friday definitely the time the economic breakdown is now soul complicated in a world that has more on supply chains than weve ever seen before a greater level of indebtedness leading economies that these kinds of predictions theyre really not possible and it isnt all that helpful for people to start doing that because it implies a level of not only and control that i wish we had but im on the street telling you we dont extremely complicated situation as you said professor because a lot still remains unknown but economists are speculating that the u. S. Will likely see a u. Shaped recovery what will that look like in terms of if that if it happens lets just say that it does recover and you term shape what happens to local businesses and general unemployment numbers how long could this bottom of a you potentially last. Thats always the question you know the idea of a u. Shape was developed because people understood that up until then we had talked about a v shaped in which the economy tumbles down and then quickly comes back or the famous or infamous ill shape when it goes down and never comes back while somewhere between those 2 extremes is the us yeah but the usual doesnt tell you how long the little part of it the bottom of the you will last and there again i hate to frustrate folks but there really is no way to know the one thing we can be sure of is that the longer this lasts the more difficult it will be but to futilely for Small Businesses to recover even if they get along all right even if they can help with the payroll we are talking about a situation that is crumbling this system in part because nobody particularly the government is doing anything during the day time to build the basis for recovery and that in the long run is the biggest criticism of whats happened well professor lets look at some numbers here out chinas economy shrank by fixed point 8 percent in the 1st quarter right thats at the all time worst record could this be setting some light on what the rest of the economys up throughout the world are going to look like. Yes because the chinese had in general been ahead of the curve here on managing the coal did randy gene the shut down locked down in rule on managing the the minimal zation of this threads to the rest of the country given all of that and given that the crisis hit there well for the World Economy stopped why from china 0 situation is probably Something Better than what we can expect here in the United States and in western europe and a cut of 6 percent in china even if we dont do worse than that in the west is still an economic crunch on a scale that the only comparable thing and this is what we have to face is the Great Depression of the 1930 s. Thats what were looking at and lets remember that started in october of 1929 and wasnt really old merc until 1941 a good 112118 half years on the fact that oil is also crumbling is not helping anyone markets theres a lot playing and to the economy right now the coven 19 just because we dont have a lot of information yet we have to follow where this goes and not only hope for the best and thats all we can really do for now but professor Richard Wolfe thank you so much for your year and fire and put on your expertise. Thank you very much ladies. Thank you. Now as the world that works to fight against the pandemic caused by copa 19 World Leaders are also honing in on local economies but the path to resurgence may not be an easy one all this while the u. S. And parts of europe are scrutinizing china theyre saying that their technology is not for sale r. T. Correspondent dan lothian with the details natasha. Yes there are you know countries like germany and sweden and they say that theyre concerned companies weakened by this pandemic will be an easy target for china and so now there is a heightened alert going on and some are saying that china is on the hunt for bargains well germany and other governments are looking to secure their home corporations worried by a possible economic attack by china germanys cabinet approving legislation making it easier for authorities to prevent foreign takeovers of strategically important companies. In germany in europe we must be able to better guarantee our supply in important sectors which is why we will decide very promptly in the federal government on how we can bring the production of medical equipment more strongly back to europe and to germany. Spain italy and australia echoing those same concerns spanish Prime Minister pager sanchez saying quote we are going to block Foreign Companies from taking control of strategic Spanish Companies by taking advantage of these share price collapse well china has already made heavy investments in italy after the United Kingdom and germany italy is one of the top percipient of Chinese Foreign direct investments and 2019 the Chinese Investment in italy reach 17400000000. 00 since the year 2000 with the peak of the investment in 20142015 Australias Home Affairs minister saying he thinks there will be a reset about how the world interacts with china we do want more. Transparency china can have their economy grow to lift people out of poverty thats a wonderful thing but when youve got a communist party that doesnt have the transparency that other comparable economies have then that is a problem and when you see their involvement in foreign interference when you see their involvement in saw above all of these aspects many to think be looked at again. As china ships medical supplies to other countries swedens foreign minister says while she walked into the gesture she believes there are intentions behind the generosity at the same time you should not be me then say that there is snow in the political. Which you are doing and i also think that the d. C. C. The countries are you seeing dependent to move forward with their own political agendas and i think in china its happening in many other countries. British lawmakers say the government should prevent the removal of tech giants Imagination Technologies to china john sawyer the former chief of Britains Secret Intelligence Service emphasizing those same concerns to leaders in india are also aware of the countrys economic slowdown has weakened home grown corporations and now the ministry of commerce said saturday that any entity based in or tied to a country which shares a border with india would need government approval before investing in and any Indian Company and now many countries say that theyre being so vigilant in protecting their entities because of what happened during the 20082009 recession now during that financial crisis we know that china did heavily in vast in the west however it wasnt as lucrative for china as maybe they thought because Many Companies still did end up going under reporting for boom bust and sweets are tea. Party correspondent cautious we thank you but thats the time when you can catch boom bust on the man on the brand new portable t. V. Available on smartphones through google play and the hour. By searching portable t. V. Or by your t. V. By downloading the portable t. V. On apple t. V. And online. As always checks out on you tube dot com boom bust r. T. And it will be you next time. Hey. Thats. Local just to. Show. You some more. You produce not. So. Much. So what weve got to do is identify the threats that we have its crazy. Let it be an arms race. Spearing Dramatic Development only personally im going to resist i dont see how that strategy will be successful very critical. If you sit down and talk. Welcoming our viewers from around the world live from Central London this is r. T. U. K. The British Government is on the increased pressure to publish a lock down exit plan off to the scottish 1st minister announced her own countrys next steps for easing restrictions thats amid warnings of tens of thousands of businesses on the bring. The un announces the 1st recorded case of the virus in a lebanese refugee camp for palestinians prompting fears of a break among the displaced well be hearing from middle east correspondent. Over 100 opposition politicians call in the government to introduce a universal basic income to avoid a much deeper economic crisis when lock down ends ill be talking to former labor m. P. Emma dent. Also the counterterrorism officials warn that supporters are looking to take advantage of distracted and overwhelmed Security Services to attack hospitals and radicalize those of knock down a ill be joined by a count to tara thanks for. One month song from britains coronavirus lock down the 1st minister of scotland has published a blueprint for easing restrictions despite westminsters refusal to reveal nationwide planning says politicians warn that tens of thousands of businesses are risk from an overly cautious approach after the chief medical officer said social disruption could last until the end of the year he said and he joins me now with all the latest sturgeons twists minster again absolutely a different approach north and south of the border when it comes to dealing with the post lockdown period now this all comes as weve seen the death toll figures coming in for the United Kingdom 600. And 16 people sadly have lost their lives in the most recent period in hospitals that is across the u. K. That takes the total to 18708. 00 of course that figure could be more more than likely is significantly higher especially if the office for National Statistics approach of counting death figures is taken into account now the scottish 1st minister nicolas cage and shes been outlining countrys approach to the lock down and how they will approach coming out of that lock down should the peak of this crisis be reached careful balances will have to be struck for example it may be that certain businesses in certain sectors can reopen but only if we can change how the work to keep employees and customers 2 metres distant from each other similarly with schools question is may have to be redesigned into a low social distancing so maybe not all children can go back to or be at school at the same titans some limited Outdoor Activity might be able to restart earlier than indoor activity but let me be clear big gatherings and events are likely to be off for some months to come. Unlike those in westminster hollywood have released a document outlining what their exit plans for scotland are they include ensuring the country is safe and that its ready to have those restrictions lifted following a drop in the transmission rate also and i have to agree testing in Contact Tracing as well as isolation measures put in place before any lockdown measures are lifted thus to mitigate against another outbreak and also they want to ensure that Going Forward the countrys in a position to have both a sustainable economy and a more equal society now nicholas sturgeon has received support from perhaps an unlikely quarter in the form of the former chancellor George Osborne whos taken to twitter to show his support for the scottish exit plan and saying that ministers in london have to stop treating the public like children and have to start treating them like adults so a call there for the u. K. To publish their own exit plan Going Forward now yesterday we heard from the chief medical officer chris witty who stated that in order for certain lockdown measures to be lifted there has to be progress on the vaccine front otherwise we could be seeing a number of social distancing measures kept in place until then. Into we have those and the probability of having those any time in the next calendar year are incredibly small and i think we should be realistic about that were going to have to rely on other social measures which of course are very socially disrupted as everyone is or is finding at the moment but until that point that is what we will have to do and it will have to be the best combination that maximizes the output is going to take a long time and i think we need to be aware of that. And he said these lockdown measures are really taking a hit on businesses now yes weve seen the warnings that the that the economy could suffer heavily and that certain number of businesses could go under should these lockdown measures remain in place for much longer and of course we know that the government have their own standards before those are lifted now according to the office of National Statistics a quarter of Companies Say that theyve temporarily closed a very small number 0. 3 percent say that they have stopped trading for good although again that number expected to rise should this lock down continue any further 82 percent of companies in the Creative Industries and also temporarily halted their trading while 66 percent of companies claim that they are still trading but not at their usual levels and 60 percent of say that they have enough Financial Resources left for now anyway of course this lockdown having been extended for another 3 weeks we dont know how much longer will be extended after that remains to be seen how Many Companies across the country have the resources to make it through this period without the economy returning back to normal thank you very much for all of the professor Patrick Oppman for told me that the longer the country is in lockdown the worse it will be for the economy. The science is actually much more controversial than the government is letting out and out of course it hasnt yet got the information about how many people have been infected and how many were symptomatic which is crucial in assessing this business of her community and thats really quite a big gap in the whole planning mechanism the fact that you havent done any proper surveys of whos got it and where and thats really vital because its all very well saying that lives come 1st but of course lives are being lost the whole time in all areas that of policy you know where you look at transport or the n. H. S. Itself where theres this calculations about the value of lives and we dont just in general close down the economy when lives are lost we have to have a balance between you know the costs of to the economy and and to peoples lives through truly economy but the governor is taking a short term approach to this bearing in mind what same because the measures outlined by the government will keep businesses going for at least another month so with that that there is a good safety net measures are they not we dont need to rush back to work immediately yes but the the issue is the cost of those and how how effective they can be in terms of is that quite a lot of businesses will go under the longer this puts pressure on them to survive i mean as you said in your report they can survive for a bit but we dont know how alarm and what what the damage will be and as the thing goes on for longer the damage becomes greater. Aid workers and Lebanese Health officials have begun testing refugees for the virus after the 1st case in one of the countrys camps was identified as according to the uns body for Palestinian Refugees who want to cramped conditions could lead to a wider break aunties middle east correspondent paula slayer has more. What you know is that theres been one woman a Palestinian Refugee from syria who has tested positive in a camp in the eastern bekaa valley of lebanon now theres some 3000 people who live in this camp and we are hearing from the United Nations relief and works agency that looks after Palestinian Refugees that the woman is currently being treated at a hospital in beirut and that all necessary precautions have been taken now we know that yesterday 146 people were tested at that camp including people that the woman had been in close contact with and we are hearing from lebanese officials that they were for the same kind of health care to Palestinian Refugees as they are for to ordinary lebanese citizens lebanon itself has 682. 00 confluent cases and 22. 00 deaths that include a palestinian living outside a camp and 3 syrian citizens now in lebanon if you remember as a country of some 5000000 people this is in addition to tens of thousands of Palestinian Refugees and their descendants and also at least 8000000 displaced syrians the concern of course is what is happening in these camps now theres a lot of a crowd in this is unhygienic situations and theres been a lack of testing the concern being expressed by humanitarian workers as if we could see a 10 day make break out there and even further afield the worst affected country in the middle east and one of the worst affected in the world is iran iran is reporting 86000. 00 cases and 5400. 00 deaths now also on wednesday egypt extended its state of emergency for another 3 months and this affords the egyptian president sisi sweeping powers in which he is able to suspend schools and universities and also insist that people returning from a border go into quarantine egypt reporting 3659 cases 276 deaths now if theres one country thats starting to lift restrictions across the middle east. That is jordan particularly in the south in more in more likely Populated Areas there its a lifting of the restrictions and also because of been no cases of infection reported there what were hearing from jordan in terms of the statistics is 435 cases and 7 deaths so so i think what we see is that in some areas life is starting to return to normal but its still too soon to say whether this pandemic has been beaten or whether or not the region should be bracing itself for a 2nd phase. Hundreds of opposition politicians have called on the government to introduce a recovery universal basic income which they say is needed to stop the country falling deeper into an economic crisis when the lockdown comes to an end. On the u. K. Government to prepare for a recovery universal basic income in response to the Coronavirus Crisis we are likely to face a damaging recession as well as ongoing economic insecurity that will affect all of us as we are likely to exit lockdown in a nonuniform way at an uneven speed the system simply wont be able to keep up with peoples individual changes of circumstances the letter does not propose a specific amount of money but sources suggest that payments of 50 pounds a week could be appropriate that would mean a total cost of 75000000000. 00 pounds a year United States has brought in a similar scheme to the value of 1200 dollars for Many Americans but only as a one off payment. Spain the 2nd worst hit country is set to become the 1st in europe to introduce a universal basic income earlier this month the chancellor rejected calls to introduce a basic income insisting the current universal credit payment is appropriate. But campaign is want one that the benefits system is not ready for the post lockdown crisis the system phased one of the half 1000000 new applications for universal credit in the past 6 weeks making the demands 3 times bigger than usual to discuss this further im not joined by former labor m. P. For kensington code thank you very much for being with us now a universal basic income has been taught of for a while now but surely the firdos scheme and of course universal credit do a similar job. Well if they are actually working maybe they were you know im still on the council i remained on the council i came m. P. And i am contracted every day by people who have no money at all and they may or may not have them apply for universal credit and then ive discovered and i actually eligible for universal credit and they have no money so how are we going to get out of me and to have to keep on trying of you know 2 am. To save them because actually there are people out there hungry and there are people out there not only it was struggling before people who had never apply for anything and they feel like humiliated me just given the dignity of being able to food on the table without having to go to life they should not have to apply a food what kind of country are you a co concerns about this is not working not raised by the former lib dem leaders and its cable he says that that the system really isnt fit to handle a crisis but of course with so many more applications now this is actually the time the government will be forced to fix it. Well yes they will have to fix it i mean at the say the office but weve got endless food banks around here and now we had we used to have 4 anyway before this crisis and theyre popping up all over the place you got about 10 in all and just now and they are running out of it because of it and it is absolute disgrace and were finding every day people who have no records actual to any of the of what is being offered out there why cant everybody just have at least enough i should not have to apply but the basic human needs what about following the cash through businesses to keep them afloat to help them survive to keep peoples jobs rather than simply hand it direct to people is it is that not an effective way of dealing with this. Well some people but isnt it happening i know people whove been furloughed and theyre managing ok and some will who are working from home im sorry but it doesnt work for everybody as we know not all businesses kind of my throat. And Small Businesses and stock employed people are really already struggling and as i said i had dozens of people every single day who were struggling and they cannot have bills and they cant buy food the system we have now isnt working if hes really chaotic and discounting but to what the governments efforts are at the moment where theyre trying to help retain workers help the selfemployed and we have to accept that as president has received pretty much a widespread Political Support for how hes doing that. Now i might get but it has to go further it really must go further and this idea of a face return you know what are we doing are we going to pick and choose is going to die next is actually what theyre doing is that people prioritizing met themselves and their own lives over other people lives a less quest while any kind of face you know ive been locked down because i have issues and for 3 months ive been told to stay and thats 3 months thats very nice so i can manage to do that and but the people go back to only they going to die and its a horrible death its a terrible strain on me and i just i know a lot of people who are. Doctors and nurses who have heart wrenching stories that weve seen in the media are we going to actually. Propelled into an even worse situation i saying that its mistakes priority no no human life takes priority human life doesnt take priority who on earth are we as a former labor m. P. What you make of the fact that the new labor leader thomas actually rejected the calls for u. P. I. And i think thats a shame actually he implied that he was going to propose that before now hes tracking so lets just say people are changing their minds every day hes been lucky every i know so lets hope youll see sense i think honestly that we have to have some drastic action people are already struggling as i say local councillors and m. P. s who are really in touch the communities know how bad it is out there and i hope its not being protected from the extremes that there is horrific out there but interesting isnt it going back to politics no chance of this extra help if not only the government doesnt want it or indeed the labor leader. Well as a sag and thats a huge shame and i hope hes going to be lobbied and would change his mind on a big if its not party and start as for us i consent emma thank you very much rick good to talk to you ever think oh. Thank you. Now lets take a look elsewhere across the u. K. For the elitists official government figures confirm over 138000 cases and the death toll now stands at over 18700 with now 616 more dying in hospital here in this country in the past 24 hours on in foster says at all the nod and could emerge from social distancing restrictions sooner than other parts of the u. K. It comes as the n. H. S. Wales chief executive warns of a possible 2nd or even 3rd peak despite the rate of new cases there stabilizing and for updates from the rest of the world the figures are as follows and this is according to Johns Hopkins university collates worldwide data we can see there the death toll is supposed 185002 point 6000000 have been confirmed to have the virus whatever 700000 of now recovered. Donald trump has suspended immigration 3 times for 6 days response to the countrys soaring Unemployment Rate media reports that north koreas leader may be on well off to undergoing surgery sparking speculation around possible successes and germany has seen more protests against restrictions as one rallies demanding the right to gather in groups. Still to come visit. Counterterrorism officials in the terrorist supporters to take advantage of destructed overwhelmed Security Services to attack hospitals crowded with coded 19 patients and radicalizing people online ill be talking to a counterterrorism expert. The world is driven by dreamers shaped by one person or those with. No dares thinks. We dare to ask. Seem wrong all right all wrong just dont all. Get to shape out these days become educated and in games from an equal betrayal. One song many find themselves worlds apart when shes to look for common ground. Counterterrorism officials are warning that supporters are looking to take advantage of distracted and overwhelm Security Services to attack hospitals and other vulnerable places were seeing the exploitation of the circumstances to encourage acts of violence isolation may exacerbate grievances that make people move on mobiles about the choli sation such as Financial Insecurity or social alienation the extremists and radicalizes know this and as ever will look to exploit any opportunity to lead those people into harm often using topical issues as hooks to lure them in. Counterterrorism police worry that social isolation may lead Vulnerable People to radicalization and other forms of grooming and i suppose taken advantage of the situation the closure of schools and other statutory agencies has led to a decline in the use of prevent support services they say that doesnt mean fewer people are in need for more on all of this im not joined by the former head of the National Counterterrorism Security Office Chris Phillips chris good to see you. Terrorists targeting hospitals i mean could this really happen or is this just fear mongering well of course it is a little bit of fear mongering it is you know i think its more of a reminder that this still exists be it crazy terrorists ideology that weve seen that still exists and there are many people out and about the needs of that would would love to infect some of the minds of the younger people in particular to do something crazy and of course the only crowded places weve got the moment are the hospital so you can understand why that would be a concern for the police and you say many people out of about but on the internet of course physically not so many people out about because of the lockdown does that not make the polices job a little easier unusual behavior is easier to spot under these circumstances well that well the thing is the the the convent stream tend to get there or tend to get their referrals from often their doctors who are seeing people picking up this stuff but also also those people teachers and stuff that would have seen a change in someones behavior of course thats not happening that these people are in their rooms and quite open sometimes to be radicalized so this is a concern its kind of brewing up a problem i think for the future but is one of the one of the many problems are going to come as a result of this this covert once your online grooming has always been a challenge for the Security Services cant cant they deal with any what you perhaps perceived to be extra attacks on on Vulnerable People as such. Well what were seeing of course is what we will see is people were stuck in their rooms looking at the incident and getting themselves into a potentially radicalized state and then in the future theyre going to be looking potentially to go and commit attacks that thats the whole point of radicalization and and this ideology that was seen on and of course at the moment hospitals have always been a potential target for terrorists in fact hospitals across the world have been dogged specifically and thats often because of the people that theyre the fact that theyve got lots of really nasty stuff all schools are the germs and toxins and radioactive sources so so hospitals have always been at the forefront of our concern but this. Problem is just last exacerbated christou the hospitals need more security and if so what about the Resources Available after all the countrys going through a huge economic crisis right now all the funds go there while the funds they thats a fascinating point of course there are certain parts of the hospital are secure but the vast majority of hospitals are open and inviting that theyre designed to be there as are most crowded places and i know its very difficult to protect the hospital completely in fact i would say impossible but they do what they can with the resources theyve got. Kristie lets just go back then to the online grooming as i said obviously this is always been a challenge to the Security Services is there any more that can be done naldo and perhaps is being done. Well im numb pleased to hear that the Security Services are obviously looking at this as a major issue which it is i think i think that it is missing at the moment it is a fact that people are referred to prevent by teachers by doctors by all of people that are tucked up with this with this problem so theyre not getting the referrals of the people that are still be oh its pretty difficult to find out whos being targeted because all of this is happening in peoples bedrooms behind closed doors exactly well i mean and this is the issue has always been the issue but is exacerbated by the fact that now that so many people are restricted to their bedroom restricted to their communications on the internet oftentimes that sack communication is not able to be monitored by the Security Services press very interesting to talk to you as always thank you very much indeed for joining us live here and i see kate chris for that and that is it for the moment ill have more news for you in half an hour from now. Leap. Has changed Many American lives but pharmaceutical companies have a miraculous solution. Based drugs to people who are chronic pain and believe that their opioid prescription is working for them on the remedy be sent to to the price at the. Grocery dependency and addiction to opiates is the long term use that really isnt scientifically justified and ill study actually suggested that the long term effects might not just be the absence of benefit but actually that they might be causing long term. So what weve got to do is identify the threats that we have its crazy on sunday shouldnt let it be an arms race is on offer and spearing Dramatic Development only mostly im going to resist i dont see how that strategy will be successful very critical time time to sit down and talk. Oh max guys are all all im back stars are you know are still on lockdown and its fantastic to tell you the truth. Reconnected with my inner. Zen like peace. I just feel great stacy well youre looking very town thats because we spend all of our days at corona beach during the sunshine and i have been noticing that all is not so great out there in the land of pandemic because there is that everything bubble that we saw over the last few years but now were seeing the almost everything bail out and this is where when you find out whether the person where no shorts at the poker table or when the tide went out one man who had that in a metaphor if i ever heard one i think people understand you will understand i i combine 2 of Warren Buffetts famous sayings but they imus says half the world has asked for a bailout remember 100 percent of the world cant get a bailout half of it has to pay for half of that have to be the suckers at the poker table so half the world as now asked for a bailout the i. M. F. Is saying that 100 countries have asked for some form of bailout from them about 10 percent has been given out to 10 countries anyway and they expect half the other countries to get some within the next few weeks the i. M. F. Is ready to use its full tool box and one trillion dollar fire power of lending you know i have a question for you so going back to 2008 and remember the i. M. F. Came in as part of the troika that the whole greece meltdown in ireland meltdown that that time you know are leading up to that crisis the i. M. F. Was rumored to be bankrupt or i met was going to go out of business because there was no need for the i. M. F. And there was a lot of speculation at the time that you know the i. M. F. Was kind of greasing the skids for yet another metaphor. To cause the greek meltdown remember there was a lot of shenanigans going on Goldman Sachs cooked the books for grace that they could get into the euro under the master trading they they have liberated all the rules and regulations they got them and then grace quickly went into the garbage dump became a flaming dumpster and the i