2020 has arrived but what exactly does that mean with a boom bust handle on hand to break it all down and have the pandemic continue to take a bite out of business how will small restaurants fare in the wake of the outbreak we bring in a famed guru to dish out what may lie in store today so lets dive right in. And we lead the program with some moves to reopen economies hit hard by the crow virus pandemic spain will launch phase one of their lock down exit plan monday but many restrictions will remain in areas that were hit hardest by the pandemic in the country now meanwhile france will ease some of the worlds strictest measures which have included the need for permission forms just to leave your home now some children are actually going to return to secondary schools in norway and denmark is allowing. Opts to reopen and in the u. K. Prime minister Boris Johnson announced that starting this week people would be afforded a limited outdoor exercise instead of the one trip per day rule that was currently in place saying he hopes to announce plans to reopen schools stores and some of the Hospitality Industry in the near future but as the autonomy is beginning to look to reopen and social distancing measures are relaxed there are some concerns that new outbreaks in south Korea Germany and china may actually slow a broader reopening so lets take another look look at the Global Trends and spread of the coronavirus with r t correspondent sites have a day or so where are we today so brian globally more than 4100000 people have tested positive for the current virus and over 284000 people have died now here in the u. S. There have been over 1300000 confirmed cases and more than 80000 that but countries around the world are working very hard to flatten a curve and by flattening curve it means when a country has fewer new cases today than it did the day before and now on a trend line of total cases a curve looks how it sounds flat and this chart shows the daily number of new cases for the 10 most affected countries based on the number reported of deaths now whereas there are countries that have a lot more cases like russia and turkey for example these 10 countries have the most deaths and they include france and netherlands spain u. K. Germany u. S. Among others not a month from those 10 countries 5 countries are actually going down in cases which are the u. S. United kingdom italy spain and germany at the bottom which shows up right now here and now there are also 5 countries from the 10 countries that i mentioned that there are 5 there. Ridge of new cases is actually going up at the moment which is friends brazil belgium iran and the netherlands so whereas countries are leading with the reopening and relaxing some of these countries are just going up in cases and what about these countries that are leading the reopening efforts what are we looking at there. So this is whats happening countries are relaxing their lockdown measures then all of a sudden is seeing a increasing cases now were seeing that right now with china which reopened weeks ago but it was on today reported its 1st cluster of new infections since a very strict quarantine was relaxed in early april so thats a major setback for china and then there is south korea who had been encouraging people to cautiously resume their everyday lives but over the weekend bars and nightclubs in seoul were ordered to close after 34. 00 new cases reported on sunday which started from an outbreak of one of those nightclubs and then theres germany thats also seeing infections on the rise just days after the country its a lockdown and of course we see the same thing happening right here in the u. S. As states started and now and seeing reopening after they were guided by data and advice of medical experts despite not meeting guidelines by the federal government and Public Health officials and this is apparent if you look at new york which on sunday returned to the level that he was when they issued a state of closure of nonessential businesses nearly 2 months ago and brand you are early you mentioned u. K. And which also is leasing easing lockdowns and in order to avoid another outbreak like the other countries Prime MinisterBoris Johnson and now its on sunday that britain will it will be imposing a mandatory quarantine on travelers arriving in the country by air so britain is doing everything they can i. After relaxing their nearly 7 week lockdown so that way they dont have another outbreak in quickly can you tell us about the mortality rate and how that differs country to country radio yes so i have a chart that they going to put up here so this shows the mortality rate so were as countries like the u. S. That have the most thats their mortality rate percentage is at 6 percent and then you are seeing countries like belgium that dont have that many deaths but their mortality rates are much higher at 16. 3 percent and for example another lens at 12. 7 percent and then you have countries that have a lot more numbers like again like russia and turkey but theyre not even on the air because their mortality rates are much lower than the least of the germany which is 4. 4 so a lot of times the numbers of deaths and then you kind of have to look at also them or tally liberates and that really shows whats happening in terms of outbreak in that specific country brett archie correspondents have injured thanks for keeping us up to date. And as a reminder you can always find the latest news and information regarding the coronavirus on portable t. V. s coronavirus tracker us equities are mostly flat monday with the exception of the tech heavy nasdaq which extended its gains to 6 trait trading days facebook amazon apple netflix and google all traded up on the day continuing positivity for these socalled fading stocks to go over market moves and some other Economic News of the day to bring in boom bust cohost Christine Christine thank you so much for joining us again today now markets are a bit muted on this monday as countries around the world attempt to reopen and lift lockdowns whats going on there. Was just mentioned investors are worried about the possibility of a 2nd reinfection especially with germany and south korea now reporting a huge surge in coven 1000 cases now now in the markets were about an arms length away from all time highs and pretty coronavirus levels and that doesnt really make sense so we just got news of how bad 2nd quarter data was. In terms of g. D. P. In terms of unemployment levels so there really is a disconnect between sentiment and the actual market now given this the market is clearly at over bought levels even as it is pricing in expectations of this grand reopening the s. And p. Right now rallied more than 33 percent ever since hitting the rock bottoms in march of 23rd and while most of them were large caps as you just mentioned is the fang stocks leading its facebook its amazon Netflix Google as well as microsoft and disney those are the large cats that are leading and theyre the story right now theyre playing out leading all of the other equities higher however the real story remains to be cyclicals and that includes the oil names the industrial names the energy names the financial names those are the backbones of the entire market and when you look at cyclicals that really tells the full story underneath all of this high flying tech those are actually still down about 24 percent within the past 3 months and that is really concerning because those name provide the entire foundation for the entire market where tech is viewed as more speculative now kristie is the coronavirus related news is kind of slowing down i want to say the virus is slowing down just the news is we are starting to see the focus once again shift to u. S. China ties whats going on there. Well there is a bit of tension because everybody is trying to play the blame game and right now china is pulling back from the u. S. With their Foreign Direct Investments declining to the lowest since 2009 for comparison last year china in the same time period china invested 2000000000. 00 in the u. S. Economy this year were only out about 200000000. 00 Venture Capital flow also solve very steep draws in both directions so this pandemic could have been an opportunity for china and us to kind of come together however besides both sides play the blame game it is creating a bigger divide as every single government continues to engage in trying to point fingers to see whose fault this is kristie i want to hit on another big story here and i know youre going to be really excited about so for that lets bring it. Been so. As well now monday is one of the most anticipated days in the big world in the years weve been weve been telling you about the upcoming bitcoin having for several months but what the world obviously did not expect to see having come at the center of a worldwide pandemic traditionally a big point having means a boost in the price of bitcoin but this time around what will happen is anybodys guess so but i want to actually pose this 1st question to you can you give me an actual explanation as to what exactly the having is. Having versus all sounds like something from highlander right its. Going to be even more exciting than it actually is but it actually is the miners the people who technically mine because the amount that they get when they mine is essentially cut in half its a technical adjustment that takes place and its actually under the design of that coin that this happens every few years until eventually the amount that is mine goes to 0 that is the goal here and so the goal ultimately for big coing is that there is a fixed finite amount of big coin that would exist in the world its supposed to give big coin some of its actual value unlike all the fiar currencies we see right now unlike whats happening with the u. S. Dollar and whats happening with currencies worldwide where everyones just printing them to one of libyan theres a thick set of coins so on monday around 5 pm eastern were going to see the having take place and so the question becomes what happens to the value when the price of that coin as a result of that. So what about the pandemic is creating doubt here in terms of what might happen with bitcoin price. Well traditionally big point has seen a historic rally into this have a however this year its a little bit different what kind of stuff but underneath the 10000. 00 mark and the lot of that is propagated by the crowd of virus because there is less liquid capital however on the flip side of the story you also have huge billionaires such as politics john saying that now 2 percent of it at total assets are now in quiet and that he sees this as a very viable head even though its now its only. 11 years old he sees this as a very fallible head and that every single year that big point exists trusts in the community and trust in the Network Grows so we are going to see a lot of volatility because given the current of endemic there is a lot less liquid capital there is a lot less money floating around but then on the flip side of that the more the government and and the legislators they print additional money people are going to look to something that actually stores value that actually has scarcity value and when youre comparing Something Like that big wins on every single one of those levels when you know whether youre talking about durable portability scarcity fungibility verifiability divisibility all of that the only only instance that comes up a little bit short as compared to fear its going to be its a stylish meant and given the fact that its only 11 years old. How volatile is because right now and where is it go it. Was as christine just said i mean big point has been somewhat volatile lately i mean we saw it go in the last 24 hours just above 10000 and then it dropped by 10 percent and its hovering monday around 8600. 00 but the chris is absolutely right when she says its struggling right now to hit that 10000. 00 and hold that 10000. 00 mark but there is a lot of reason for that but its also important to remember that governments around the world have already recognized the value of Digital Currency they are all moving towards it the United States probably more slowly than others but you have countries like india that are are fast moving towards Digital Currency in fact theres an indian city that is as of right now because of the pandemic is saying that theyre moving completely to Digital Currency so i think were seeing that happen more and more the question is does big coin remain the standard and does remain a truly decentralized autonomy as. A currency as opposed to what happens when governments do it will never be a tell the us what the government creates a Digital Currency and it will never be decentralized the very nature of government currency is to have a centralised so i think were big coin does have this opportunity along with other coins as well as the opportunity to. Really push forward in this moment is to say you cannot trust that governments will do what they say theyre going to do and so thats why we need the centralized currency you know kristie finally about 30 seconds here but has been quite been able to thrive during this pandemic i mean i know its been more volatile theres been some bounces but is it doing what you would expect at this time. It actually has because during this entire pandemic especially if you look at countries like venezuela argentina Trading Volume has never been higher since thats and weve always said that in times of crisis this is where quite a currency really shines and youve seen o. T. C. And trading buying cisco off the charts and venezuela and argentina in those 2 countries predominately cohost been sworn in christiane thank you for that expert analysis on this. Its time now for a quick break but hang here because when we return as Small Businesses continue to sizzle out in the midst of the covert 19 pandemic how will small restaurants survive if the virus rages on we bring in a true veteran of the sector when we come back as we go to break here the numbers at the close. Ranks are coming and a lot of people say well you cant go negative the World Reserve currency they also said you could never print a negative Oil Futures Contract they said you could never print and negative Interest Rate on the sovereign bond thats already happened and i think about one bucket per 2nd i mean i pity them at this point because he says he doesnt like stocks and hes hiding out of cash but his cash is about to go negative returns that negative Interest Rate on this cash is going to lose. Money honest cash pretty soon and he said i would never own gold and i would never own big point so the only 2 life for Warren Buffett at this point. And hes out of pride hes going to stick on his negative Interest Rate cash and he wont buy stocks so hes already underperformed the s. And p. For 15 years this is going to his career as basically a glorified Money Market Fund that was around nowhere that everyone will just forget it. During the vietnam war u. S. Forces. It was a secret war. And for years the American People did not know. How much the. Country per capita. Human history millions of unexploded bombs still in danger lives in this Small Agricultural country jordyn wieber. Even today kids in los full victims of bombs dropped decades ago is the us making amends for the tragedy and. Help to the people in that little. And welcome back more than 80 percent of Small Companies in the United States believe the coronavirus pandemic will affect their business for at least 12 to 16 months now this according to this survey conducted by Global Payment Company team which has helped thousands of Small Companies apply for loans under the governments 600. 00. 1000000000. 00 Paycheck Protection Program now the survey also found nearly 90 percent of businesses polled are also preparing for an economic downturn that will further stall business now Government Data released last week showed unemployment in the u. S. Skyrocketed to 14. 7 percent in april and government Officials Say the jobless rate could hit as high as 20 percent in may now one of the sectors hardest hit by the pandemic has been restaurants here in the u. S. The industry employs more than 15000000 people across more than 1000000 establishment many of these small local businesses for more on that just how the endemic has affected the Restaurant Industry were joined by Andrew Zimmern 4 time James Beard Award winning t. V. Personality chef activist and creator host of m s n b cs of whats eating america and thank you so much for joining us today. Great to be here now youve been well connected to the independent restaurants throughout this country while many have been able to provide some sort of service it has mostly been limited to take out and delivery now what kind of pain is actually being felt in the industry amid all of these changes right now. Tremendous amount of pain there are operators and theyve been well documented who have made the successful pivot and because of the nature of their businesses the set up of perhaps multiple units of the same city block or other advantages that are built into their own businesses theyve been able to make a go of it doing to go and delivery foods 99 percent of the restaurants its merely a drop in the bucket and its not a long term viable solution you can only bring back a small portion of employees youre in most cases not even able to cover your rent and youre still a t s a lot of restaurants are doing to go and Delivery Service and Community Resource kitchen work as a way to sort of stay relevant stay open stay in front of their customers and be visible in the Public Square and it sounds like and i want to go right to the idea of reopening here because it seems like this really isnt going away and things are certainly are going to return to the full normal for at least 18 months right so what is it going to look like when these restaurants do start to open back up i mean theres got to be some concern there that just customers alone are really going to want to go sit in a crowded restaurant despite the idea of actually being able to get out there and then also have all these employees and food and everything is a concern that restaurant tours are having right now. Incredible concern restaurateurs themselves in general are the most caring and considerate Business Owners that i know of remember these are the people who like 1st responders rushed in when the towers fell rushed in to post katrina to feed people restaurateurs dont get into this business to get rich they get into this business because the magic that they see that happens when 2 people sit down over a plate of food in their eatery and what theyre looking at right now is a situation where they cant even take care of their own employees safety let alone then be able to bring guests into the restaurant its going to require. Organizing the internal infrastructure of the restaurant how employees enter the building how the actual physical line set up is how food is passed from area to area before it goes out the door this is the difference between doing to go business you know 1520 percent of what your total was and being fully open for business on a weekend evening in a restaurant the rest or a tourist that im involved with on several national and statewide coalitions are all expressing an insistence on getting the the safety right for their employees and then pushing that outward to the guests people as good as guests when restaurants reopen were going to be a 25 to 50 percent of volume for quite some time tables have to be taken out youre going to have to have a different system of food delivery a different system of menu a different system really for everything in the restaurant has to be recreated now there are also reports and i see them here in minnesota in other cities of restaurants who were doing casual service who are now just doing fast casual in other words theyre able to pivot a little easier because the make up of their physical space well and i think thats what i mean obviously fine dining may be a higher ticket item but its really you know there are still some Small Businesses who have that fine dining or mentality but those are going to be harder on the take out and the delivery i correct about that. Well yes and you know you also have to remember i believe fine dining when we look you know 141618 months down the crystal ball route i think theres always going to be a man for super fine dining at a very high level i think at the very bottom of the tier the fast food sector is going to figure this out really really fast theyre almost ideally suited for limited. Customer contact anyway its all those restaurants in the middle the independent restaurants and thats why you know i would became a Founding Member of the independent Restaurant Coalition for people who are really interest. Did in delving deeper into the issues i would insist they go to save restaurants dot com we believe very much in 2 very very important things right now number one p. P. P. Has to be fixed or backstopped extended in some way so it actually makes sense you cant have an 8 week bandaid for an 18 month problem right there restaurants who wont even by state mandate be able to be open during the time that their 8 week p. P. A. Loans are available to them i have 2 restaurants in that very situation and then we need a Restaurant Stabilization Fund we need a long term sustained support of this industry so that they are open for business and the reason we need it is that were the 2nd largest employer in america right behind the Defense Department i mean youre talking about 11 to 15000000 employees in a trillion dollar business that pays 20 percent of trust taxes in many states its an incredible number and you also have to remember that its a special business 95 percent of every dollar that comes into our restaurants goes out the back side its a very low margin business but that means it puts a ton into local city municipal and state tax coffers as well as is a huge part of our Tourism Industry and before it comes in the front door its a ports all those farmers and avatars and you know honey makers and fishermen it is an incredibly incredibly diverse ecosystem that actually becomes a multitrillion dollar industry when you take a look at it in the socio should with its support of structures air im so glad you addressed all of that stuff and especially what you guys are doing the ira safe because i was going to get there but i want to hit on one last point before we wrap up here youre known as a world traveler with programs covering food throughout the globe now how is this affecting eateries outside of the u. S. That may rely on tourism or just people being out and about on the street to enjoy like street food that you might see and someplace like southeast asia. Well i mean one of the things that i think is going to be true no matter where you are whether its a a jungle market in the middle of thailand or a beloved pizzeria in naples Consumer Confidence has to be there before you can get customers in the door thats why the work that restaurants are doing to make their own businesses safe casual and slow and very intentional increase in business is vital i saw yesterday that dominic l. A. One of the most famous 100 year old pizzeria in naples my favorite place to eat pizza in the whole world just reopened 2 days ago but theyre only doing to go business right now now this is a restaurant that didnt close during the cholera epidemic didnt close during world war 2 but it closed for this pandemic we are truly in a once in every couple 100 years type of global ambiguous and uncertain situation and i think every restaurant every Street Vendor every casual eatery is going to have to take care of it on their own gas mask 1st before they can start serving others the way we were 6 months ago you know and or i could i could honestly pick your brain about this for an hour but for time James Beard Award winning t. V. Personality enters them or thank you so much for joining us and letting us that insight today thank you. And thats it for this time you can always check us out on you tube dot com slash boom bust our to see you next time. Yeah its. Easy to get. Used to but when you do you think you could i mean you got you to go would you feel lucky if it you people. Need. To call someone like jealous and that doesnt fit when it. Comes to sure these names lets leave this with this is all just. Just a cute name you clearly think you sit there still too long on a slump mostly to get a sleep if you dont sweat just when you finish. Your food youve got a little. Money and coming in from many miles to the building afforded to you know for the slow but also acknowledge this. Is your media a reflection of reality. In a world transformed. What will make you feel safe. Isolation or community. Are you going the right way or are you being led so. Please direct. What is true whats his face. In the world corrupted you need to descend. To join us in the depths. Or amazingly shallowness. We go to work so you straight home. Good food descriptions sound up to tell using even for the owners so how to choose just had Food Industry is telling us what to feed our pets really more based on what they want to sell us and was necessarily good for the pet turns out and put food may not be associate this people believe we have animals that have you know diabetes in arthritis they have auto immune disorders theyve got allergies we are actually creating these problems its a huge epidemic of problems all of them i believe can be linked to fairy simple problem of diet and some dog owners so heartbreaking stories about their pets last treats the larger corporations are not very interested in proving or disproving the value of their food because theyre already making a 1000000000. 00 on it and theres no reason to do that research. Protesters clashed with police in germany as crowds the demand a complete end to the lockdown for the comes as figures show the risk of infection is once again on the wrong. Ive got a thought as to launch attacks leaving dozens dead gunmen stormed a hospital in kabul while a suicide bomber targeted a funeral in jalalabad. The macoutes announces an end to russias nonworking period which had been imposed to stop the spread of the corona virus but the president emphasized restrictions wont be lifted quickly