Infections for the coronavirus stand out more than 2700000. 00 the total death toll and nearly 200000 World Leaders met virtually with the World Health Organization to launch what they called a landmark collaboration to fight the pandemic while the u. S. Did not participate but french president emanuel mccrone and german chancellor Angela Merkel were among the group and they pledged to accelerate their work on these tests drugs and even vaccines while you as you and secretary general antonio terrorists cited the importance of these global efforts. The world needs of the development of production and we quickly believe many of safe and effective government 19 facts into a bill to x. And theyd gnostics not a vaccine object most for one country or 100 or one of the worlds but the vaccine and treatment at that affordable safe effectively easy administers and universally available for everyone everywhere. Meanwhile Brazils Health minister confirmed 407 new deaths the countrys highest day to day increase so far more than 51000 people in the south American Country are infected while the death toll is now at more than 3300 meanwhile hospitals in the u. K. Are using sleep apnea devices to treat coronavirus patients well clinicians are using these devices on patients with early symptoms which have eventually hope for a quicker recovery rate theyve prevented several patients from having to use ventilators spain reported its lowest number in daily deaths in more than a month the country plans to gradually ease restrictions on the lock down by opening up the 2nd half of may well this comes as the e. U. Agreed to set up a massive 540000000000 Euro Recovery Fund to fight the Economic Impact of the coronavirus well africa saw a surge in cases by 43 percent in just one week african officials are scrambling to find a quick and thats necessary to treat patients 10 nations have 0 ventilators infections climbed past 27000 on friday the u. S. Death toll topped 50000 still the country with the highest number of cases more than 883000. 00 President Trump signed a 484000000000. 00 relief bill adding another 310000000000. 00 to these Small Business loans meanwhile reuters is reporting that a u. S. Government trial of a krone virus treatment by it is running ahead of schedule results are expected as early as mid may however run does appear may have seen a setback after the World Health Organization published the results of a chinese trial of the drug the study said there was no benefit but claims the study has or was stopped early and had a low number of patients antibody tests have become a hot topic and as more test results are made public studies suggest more people have actually have the virus than previously thought. Well an example are some preliminary results from tests out of new york that they suggest that one in 5 new yorkers may have had the virus so the presence of antibodies suggest that at one point those people were exposed to the corona virus and actually recovered well its not clear if those people are now immune to the virus or if theyre simply asymptomatic for more information and numbers on the coronavirus be sure to check your portable dot tv up and look for the section tracking coronavirus. Additional helicopter money is arriving soon to these Small Businesses and hospitals as the administration signed the 484000000000. 00 bill into law well joining us now to go further and. Chris christie how effective is the p. P. P. Program in doling out funds in those who actually need it most. Well actually so its been a complete mess banks and all the other Financial Institutions who are responsible for distributing these funds they were comfortably unprepared for the task that they were hit with so much demand in a few short weeks so you have large corporations being prioritized over the smaller businesses of the people he was intended to help so meanwhile Small Businesses provide nearly half of american jobs and 45 percent of National Production so they were actually completely ignored Small Business owners actually got completely screwed as it was revealed that billions went to large corporations with almost 20 percent going to publicly traded companies who have other means of accessing capital so a lot of critics have put these companies on blast us taxpayer money to go back to these multimillion Dollar Companies meanwhile Companies Like shake shack they have announced that we were trying a loan but the majority of the group surveyed said that they will not return the money or do not respond so in short Small Businesses theyve been become the people he has been completely ineffective a helping the Small Businesses and they were overlooked in favor of larger corporations so that banks could get a massive underwriting originating these larger loans so now the u. S. Is issuing new guidance so that Companies Applying for really must certify that the loans are necessary and that they cannot have any other sources of money so by default this excludes any publicly traded Company Going forward on these are Small Businesses certainly suffering the most from this a lot of them barely in the application process for the Small Business loans but to continue the conversation lets bring in Stephanie Cutter editorial director with the American Institute for Economic Research jeffrey thank you for your time today i want to ask you this what are your thoughts do you think these deficits will ever return to some managed manageable levels when we make it through the crisis or is it really going to make it the recovery that much more difficult when were starting so much in the red already. The recovery is going to be almost impossible i think maybe if we had ended the shutdown a few weeks ago and stop this outrageous amount of trillions and trillions and trillions of spending that we had a much greater chance of getting out of this mess quicker but bad but every day we delay the opening and every day we keeps passing these hundreds of spend billions of dollars of spending is just more pillaging of the taxpayers to add on top of the house arrest and the mandatory shutdowns and this is the way you destroy an economy for you know not just a year but 5 years maybe 10 years so this is this is an immense calamity like i say its adding the pillage of the taxpayers on top of already pretty ever be under under house arrest in effect getting rid of the constitution also right so its not good economically speaking thats your sure especially if were seeing a larger number of these unemployment rates on some record highs here jeffrey big coin has now emerged the clear ass that when are having the couple from stocks and even bonds after plunging down with the market in march now since then its risen over 100 percent what is driving b t 3 right now. Well you know the thing about d. T. C. Its interesting and theres not a lot of people who accept it in payment unlike say 5 years ago that thats kind of almost entirely gone but whats happened is that weve weve seen a very viable use case in which a big climb in International Remittances and a non Bank Transfers of value and thats what is being used for your scene a. T. M. Being used evermore and Convenience Stores and Convenience Stores as country dont forget were coming declared essential businesses so you have the opportunity to do your banking outside of a so the banks and in terms of people are not entirely sick sure anymore whether or not we might in fact be facing a financial crisis in the near near term future here with all the fed money printing ever the. Because it looks like a pretty good pretty good shape but at this point a lot of people looking toward it as an alternative like youre saying because they trust even without the regulators and the regulation of it kristie lets bring you into this we know youve talked a lot about the b t v how being that it will take place sometime in may does this have anything to do with the recent strength that were seeing again. Well certainly as jeffrey just mentioned it quite is a scarce and finesse asset so the may happening that weve all been talking about will reduce the amount of newly minted declined by 50 percent and by simple supply and demand economics less quiet should mean greater demand and higher prices so the last having that we had and 2016 we saw major increases in because of pricing so in the face of all this unlimited q. E. And money printing big point still remains a safe haven asset and crypto markets remain one of the only truly free markets left so betting on bitcoin is basically a bet that deflationary pressures well when and right now we have about 1000 years to go and traders are lining up new bets now and while there are those people who still doubt declines viability like our good friend Peter Schaeffer lets take a quick look at the recent whiling just by Renaissance Technologies they are the juggernaut want hedge fund that had just liable to begin investing in big point in cash subtle natures with its Flagship Fund so this is really really significant because the medallions fund has been one of the best performing Fund Since Inception in 1982 and theyre currently up 39 percent year to date while most funds are underwater so this kind of adds to because strategies into renaissance and this is a big institutional firm which is basically given a bit quite the stamp of approval and some mending its place in the Capital MarketsGoing Forward not only big claim but we report on this earlier kristie you mentioned the china also looking at alternative Digital Currency so it may be coming more popular than even before Jeffrey Tucker editorial director with the American Institute for Economic Research and move us cohost christi i thank you for that report and analysis. Thank you. Markets are mixed this week although mostly down after a sell off earlier in the week pushed things down well lets start in moscow with a green arrow for the mo x. This comes despite some oil all. To a lady that we saw the markets fell friday as Russias Central Bank cut Interest Rates to the lowest levels since 2012 and warning the countrys economy could shrink by 6 percent at the end of this year well asian markets all in the red for the week stocks fell on friday as host for the coronavirus treatment took a hit well the shanghai composite saw big losses early earlier this week due to Oil Volatility and it finished off the week sliding as Economic Uncertainty regarding the pandemic continues in hong kong the hong saying also down for the week on a similar trend it didnt see any rebound on stabilizing oil prices after a big decline on tuesday investors are continuing to look at stimulus and on measures to prop up the economy while japans nikkei also held down looking at similar conditions here we did see a 1. 5 percent gain on thursday after oil markets stabilized but still losing at just under one percent on friday in india the sensex had mostly rebounded from some midweek losses but it closed down the week roughly down by one percent after some steep losses on friday the Financial Sector is really being hit with axis bank e. C. C. And us in bank all sliding by roughly 5 percent then over to australia where the a. S. X. Finished out the week gaining half a percent but it still wasnt enough to bring the index into the Green Health Care and Consumer Staples struggled throughout the week the all shares in south africa finished on the green this friday even after a steep drop made weak the gold Mining Sector in south africa it is thriving the rand weaker earlier this week over a 26000000000. 00 stimulus package now moving to european markets all 3 major indices are in the red this is even though the e. U. Finally agreed on a 540000000000 euro stimulus package it simply wasnt enough to drive markets up in london the footsie appeared that it would actually. And green on the week but it fell by 1. 5 percent on friday losing just 36 points on the week in france the cac also in the red the index was not able to make any significant gains on friday and over to germany where the dax following the same trend of during the meeting e. C. B. President Christine Legarde reportedly said the e. U. Economy is expected to shrink by 15 percent this year well lets move across the atlantic over to brazil where the evo best also down for the week early friday it appeared it would and in the green but Justice Minister sergio mauro resigned after accusing president will not of interfering with Law Enforcement affairs will this caused the rail to really think its that markets plunging and cause them to lose 9 percent well moving north the b. M. V. And mexico also down for the week a lot of other a struggling to to open or whether or not to open it during these difficult times in the u. S. The dow and the s. And p. Down for the week while the nasdaq saw some significant gains wall markets were moving positive on friday but for giving up some of these gains the turmoil in the oil sector is affecting volatility in equities as well while finishing off in canada the Toronto Stock Exchange is also up for the week since taking some big losses in both february and march the t. S. A. Is up now nearly 30 percent since those lows the oil sector once again helping to keep things moving throughout the week and that is your Global Market walk. Time now for a quick break but hang here because when we return well take a look at telemedicine and how social distancing me forever changed the way you talk with your doctor as we go to break here the numbers at the close. So what weve got to do is identify the threats that we have its crazy confrontation let it be an arms race off and spearing Dramatic Development only mostly im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. To derivatives became so huge in size over a quadrillion day door to size of the actual stuff to the point where the stuff is meaningless it only did derivatives matter and so the best on the derivatives now are increasing so as derivatives on top of derivatives and this is how you get to a place of negative prices on boil because when you trade Oil Derivatives or not trading oil youre trading purely on the direction of a price based on a derivative thats based on another derivative or there is no underlying what. They see. Was on the floor some things in my basket you know mining praying. This time whereas. I was having children fever i didnt have any sense of ceaseless now im in the most you know in the world would you. Recently she you know sometimes you just used to say. That was a time when he was on the ground for research. Didnt. Lose myself coco to this man the baby. There are some new terms being heard in medical circles thats becoming the new normal in the krone virus era telemedicine and tele health well its on the rise to deal with the demand of the pandemic but here to talk more about it is r. T. Correspondent farren fronsac fair and whats going on well it is new to some doctors but you also have a lot more Doctors Today that are having to kind of learn what this is now sara this has been around for at least a decade and its one of those things that its being done today whats being done today is simply unreal you have a team of surgeons out in bangladesh being guided remotely by a highly skilled cardiac surgeon thats in new york city you have medical students and gonna listening to a lecture about immunizations in germany and like what were seeing more and more today especially in the wake of coven 1000 doctors are screening patients on line or patients going to a tele Health Center and Video Conferencing with a physician like what new york has done to meet the demand for patients coming and its pretty incredible take a look at this. All right so this is one of the times that we are not to get up and running as you can see theres a registration thats next week i dont want this time were going to use regis slots each room this morning. With keep ability were going to be on the other lead the 99 minutes weve heard summaries of them so i get all to meet demand im looking at what medical experts say the pros are this is more Cost Effective for patients rather than walking to the e. R. And getting slapped with a big bill rural areas are the most underserved areas when it comes to medicine so this can help with the demand there doctors can see more patients more quickly and the quality of health can improve for some patients who lets say like if they had lou gehrigs disease or a. L. s where getting in the car and driving to the office its going to start to get extremely painful as they lose their ability to move their arms or legs etc now the cons to this is that there isnt that bad side and interaction and theres no physical exam thats physically in the same room also what if your internet goes down or your camera breaks theres technical difficulties there and then weve had People Companies even the government get hacked could this happen here too now its not just physicians in the e. R. Doing this you also have Mental Health professionals physical therapists personal trainers and those who are mans best friend but also have 4 legs thats one area and theyre also saying theyre a little patients via video chat with their owners because again with many stay at home orders and placing your pets health not considered an essential treatment its basically the only way to figure out if thats the ticket old buddies back or just a little scratch but the big question not only on the doctors mind but also on the patients mine does my Health Insurance cover telehealth well thats where you have a lot of Insurance Companies now looking into it and unfortunately you have been looking into this and many doctors say that the decisions are changing day by day until last month medicare and medicaid they were very strict about what technology could be used and they did not allow smartphones now you can use that. But how much they will cover well thats another decision theyre making as well you know i know with my own dad being a physician sarah a lot of these Insurance Companies end up picking and choosing what they will and will not pay for that is extremely frustrating not only for these doctors but also for the patients and knowing dr dombrowski who were about to talk to about has a whole lot more to say about this. They are to correspondent thank you so much x. But as fair and just pointed out the crown of us pandemic has certainly changed a lot of parts of society as we know it those changes have come quickly and in some cases might become permanent well one of those changes is a stall medicine so continuing our conversation on that you are joined by dr John Dombrowski of the Washington Pain Center of the us cohost and investigative journalist but one gentleman lets continue the conversation dr dombrowski lets start with you how big of a change is this for the medical industry and do you believe this will actually become a permanent change to the medical landscape. This is monumental i cant tell you how many patients have been doing this now in my office since the code of crisis has come up and actually look at this why did we do this before and i really find this one of the things that were not going to go back to is well you need to come in for that visit to times people really do and boy just a convenience as you are you know saying which is your introduction. I do see that this could be because of the opioid your patient confidentiality but were importantly patients and physicians dont look at each other and grin we can do this by video but there are a lot of nonverbal cues we get in each and every school exam and sometimes you will continue to lie if i see you body language i really want to touch on that so this is a great technique but in all the subpoenas you for everything it definitely takes away from the interaction and like youre saying im picking up on lies picking up on rescues from that one on one interaction but then in march alone telehealth visits increased by 50 percent now this is beyond the practical reasons is there a deeper reason for this. Yeah there is a deeper reason the biggest reason that weve seen this increase it really comes down to regulatory issues there were severe regulations that held a lot of this back and just to give you an idea of some of those the center for medicaid and Medicare Services they expanded tele Health Benefits to Medicare Beneficiaries so that obviously opens things up the u. S. Drug Enforcement Agency the da they temporarily lifted a provision in something called the ryan white act which required an in person exam before provider could electronically prescribe controlled substances and then a couple of other things here the Department Health and Human Services says that non hipaa compliant communication tools so in the past face time and skype would it would be considered a violation of hipaa laws in order to use them and now thats no longer the case so essentially whats happened is a lot of red tape has been cut that has allowed doctors to be able to do that do this in patients to be seen this way well a solution or at least temporary as they say for now dr dombrowski what are some of the drawbacks that spoke of a feel but if any of this this kind of health care. Well i think the 1st thing is that you know the red tape was tremendous and im glad that the trucker ministration they got rid of this because we needed to make sure patients got sunni mediately goods room and overwhelming that system is not the way to go forward a lot of patients could be seen and you know by telehealth like were doing today obviously the drawbacks or you know we dont have the school exam and again if its if we have a Good Relationship with the patient is this a 1st well start to know weve had a long term relationship to certainly can be done and i love the idea in terms of Mental Health youre going to see a tremendous with this crisis tremendous gains in drug and Substance Use disorders suicides and things like that so more with patients in any format better for their city well absolutely when they need that support from a doctor i know doctors who have been doing this for years though for example who are for in other cities are specialists or things that are only have certain days of the week where they think these types of patients then one of the concerns here is also fraud how does that play into all of this well that fraud always plays into it i think i think its it becomes a smaller part of this you know i think what john just said so much truth in what he said about especially for Mental Health issues right we have a huge lagging in this country in terms of Mental Health services this could be a great way to deal with some of that and also the ability to be able to to make prescriptions but yes in the month of march alone the center for medicare and Medicaid Services essentially said that they saw dozens of new applicants who showed up with these new billing codes in order for billing to go through so yes there could absolutely be some people who take advantage of it no doubt there will be theyll be theyll be some forms of Medicare Medicaid fraud that come from this also in some cases doctors essentially would be consulting with patients and it allows them if you handle this the right way to be able to bill for things that you shouldnt necessarily be billing for but i think the. Its a smaller issue you know theres always fraud but i think the good in this case would significantly outweigh the bad in terms of people who really do need the help or even the changes for example of theres a ph versus a doctor actually seeing you and the doctor actually taking the time to see you either way i definitely create some issues here with what the billing do you really see this becoming a possible new permanent alternative for maybe some days that dr dombrowski. Yeah i really do i mean the point was made earlier about Mental Health this is going to be a new normal i think and again many things in our life in terms of medicine have come out of crises you know the golden hour that came out of the vietnam war we had ice you care and things like that this is new technology thats going to have to be you know accepted and were doing it rule areas and other places that are underserved and i think this is a great idea but its not good for everything so we need to be cautious as we move forward but were not going to go get patients to i think i think there could be a little bit of a balance between both want things a return to our new normal as they say well dr John Dombrowski of the Washington Pain Center and cohost of boom bust of its investigative journalist ben swan thank you for that analysis. Thats it for this time catch boom bust on the man on the brand new purple t. V. s available on smartphones through google play and the Apple App Store you can always catch us on youtube dot com slash for the best r. T. And well see you next. Style bananas is to put on a chain youre going to try to continue a little sponge thats. Going to desire to not. Just to. Show. You some. New produce not just one thoughts. So we. Had to. Know. Some interest in keeping its citizens locked up and sold a. New virus will go by this rules restrictions will remain i think its kind of whats happening. Here. Governments of the world very much interested in lifting this restrictions they are evidently and presumably scared of doing this in such a way as to provoke mother waypoints in fact i see we shouldnt worry at all to calming the level of sports that will be faced might millions and millions question citizens and both people form. Our current. Was. Killed. On july. 14th. We actually havent. Worked. Out im also. Going to the store and. Thats when everything how. I can. 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