Global markets are slipping as concerns grow over a possible 2nd wave of coven 1000. 00 will beijing reported a cluster of new cases after nearly 2 months without new infections will chinas capital reinstated some restrictions including security checkpoints while both schools and sports venues also close after an outbreak tied to a huge market well this comes as south korea also continues to see a rise in new cases especially since the government has not enforced stricter social distancing guidelines. From the area in the virus is spreading particularly through. Senior citizen youre making your best efforts in training that people who have had contact with confirmed virus to know that we are still going to be heading up i dont read. Those are. The words or utilizing. The macedonian in the metropolitan area of. India also saw a jump in new cases in recent days this is despite the extended lockdown the country has the 4th highest number of cases in the world with more than 332000 the city state minister predicts the country will have more than half a 1000000 cases by the end of july in a country thats already running out of hospital but when meanwhile many European Countries reopen their borders on monday after 3 months of strict closures the region saw the sharpest drop in g. D. P. For more than a decade with a fall of 3. 8 percent in the 1st quarter of 2020 well last week president of the European Central bank Christine Legarde highlighted what she called the unprecedented crisis saying mastering the recovery will require extraordinary action at e. U. And National Level and the United States is seeking or is seeing at record spikes in new cases and hospitalizations across the country dozens of states are seeing an increase in infections as they reopen and while the surge may be attributed to an increase in testing availability reports have surfaced that many states have returned to precode norms without wearing face masks or even following a social distancing guidelines. With a possible 2nd wave of coronavirus us stocks are sliding will sentiment in the markets have been shifting since last week when markets were reaching near all time highs mondays futures slid at one point the dow was down 762 points at session lows but recovered some of its losses throughout the day well joining us now to discuss is founder and managing partner at f. Insight thomas lee thank you so much for joining us today tom its been a volatile day as weve seen a volatile week as the indices claw their way back up from the lows that we saw this morning but it seems like this negative sentiment has really taken over once again over the possibility of the resurging. Cases how do you see all of this playing out. Well i mean theres a lot of uncertainty you know this is an unknown disease and. It doesnt look like any country has really defeated this successful and i think it should point out you know china is seeing you cases as well but i think that theres positive things happening in the u. S. Because even though the cases are rising. Its not really needing to an increase burden to the Health Care System so hospitalizations have a taken out so i think from markets perspective. Economy showing a lot of resilience china had to be shaped recovery on the economy side and the us has a lot of evidence that consumers really are moving in that direction and as long as clipping doesnt suddenly burn the Health Care System i think stocks are in good shape well even mentioned china having a v. Shaped recovery now were seeing beijing where it 1st started closing down or play thumb restrictions once again are we going to see another reserve arjuns in the country. I dont know i mean you know its i havent been following it closely i mean its 37 cases in china so its not you know its not tens of thousands but. You know i think it as long as a country implements context reducing it something weve been writing about. And therefore they can sort of test and notify everybody and you know what economy can still do you know what kobe would not have to shut down i mean you know shutting down the economy is an extreme step and i i dont think that thats what happens and i believe a lot of people a very with a lot of analysts have been saying that with that in the 1st place the u. S. Shutdown and way too much of the economy youve always been pretty optimistic about the market based on your proprietary data what drives your thesis when we are still seeing these severe contractions in Economic Data worldwide. By i mean i dont think we have a thesis as much as you know were our frame or is just saying at the moment i think consensus and perceptions are still too negative you know theres 500 dollars a cash on the sidelines and if it looks like the consumers quite resume which they are. And this is very much a market bottom and therefore stocks will do a lot better than people expect maybe thats what you will market so i think that us out explain the market better than any. Well fed fed chair powell your own palate he thinks. Back to to appear before the Senate Banking committee tomorrow on tuesday and hes going to deliver his testimony as part of the semi annual Monetary Policy report what should we expect to hear on the outlook of the u. S. Economy i mean we heard last week that it wasnt good news and it definitely had an impact on the markets especially on the light of the disappointed message and tone that weve gotten from him. Now i dont think thats much much has changed in the past few days so meant that his message pretty consistent. You know i think its important for people to recognize its not a normal since theres not a normal c. D. s and so any policy measure would have place to day you know needs to be extraordinary and i think thats the feds dont think thats what washington has done and you know if if anything you know if you look at the past week you know to these measures still need to be put in place yes i think you know we need to have that sort of extraordinary support for some time now Jerome Powell had said that the Interest Rates will remain up near 0 low until 2022 he said that hes not going to put them into the negative realm do you see this happening is he going to go negative because many alice are wanting him to. I mean our team is were you know i dont i mean the feds look at different rates and the think there are still plenty of other policy tools that theyre not and. You know negative rates kind of punished fangs and lenders of capital now think thats what the fed wants i think the fed wants to make sure that. Cost of capital is appropriate we are in the cycle and so you know if we quit he becomes a problem at the well you see if you know what she. A medically i dont i dont know the signaling benefit is very well tom let me let me turn it to these jobless claims that weve been saying the markets definitely reacted some a few weeks ago when we saw the the main numbers and they were lower than it than expected there are still about 44000000 americans who have filed for unemployment we are looking at some some record numbers here what do you expect or what are you predicting to come out from the seekers some of these jobs may not come back right. You know i mean im future is uncertain so i dont really have a projection of fiction about the employment market i think you know its not is to try to make predictions in that you know in a period when theres no disability surge thats certainly not in our approach and you know for the last 3 months we have not been trying to make forecasts for clients weve been trying to help them understand whats happening in i think the most important thing to keep mind is. You know the economy shut down theres a lot of jobs lost and how quickly they come back i dont know i think the problem is that people may have the excuse me people. Based on looking at past and a long time you know its not a normal cycle this is not a capital you know over investment period that causes a recession a disease that shuts down the economy so i dont have to actually and i see i hear what youre saying and a very good point there because the ask you hear so many analysts and other you know economists trying just just predict where were going to go from here whether or not we are going to see a you or v. Shaped recovery but like you say there is still so much unknown but let me switch gears here a little bit on top of this there are trade concerns that are rising yet again the e. U. Is now challenging chinas trade expansion with a landmark tariff to counter chinese subsidies to these export years whats the story there. I dont know a matter. So i dont have any opinion sorry i dont want to i want to be speaking about things that are not my area of focus anything else that youd like to add as far as markets here i mean we dont want to predict right but is there anything that i mean were seeing step by step and States Reopen go ahead. Well i mean i do think that you know. Its you know ive been following markets for whos just 30 years now and one of the lessons ive learned so i dont try to tell the stock market to do it its more important to try to understand what the market is telling us. You know since 10029 weve had 10. Or are committed to it and what we saw this year and stocks were. You know thats something that we. Very you know we were looking for clients. Mari looks now like the 11 instance but now let me know. Never the markets thats all im always heard which is if you shaped on thats how we live for right. I dont know whats going to happen i think stock markets think that the economic recovery can be late because i personally dont have a projection prediction and even a drone powell has said its going to be a while a lot of a lot of those who do predict are saying that it will definitely take some time thomas lee cofounder and managing partner of fs insight dot com thank you so much for making time to be with us today. Some 42000. 00 cruise ship employees remain stranded at the thumb are still battling the chronic infection and without paychecks well 3 months after the entire industry shut down because of the pandemic r. T. Correspondent john hardy joined the flightless on the fate of the cruise industry john thank you for being with us what more do we know about these crew members who are still stuck at theat. Well yeah as you mentioned there theyre trapped aboard the ships that are being allowed into various ports because some of them still have an infection rate some of these people have been on board these ships one guy in particular for 80 days i magine that youre stuck on his ship in your cabin in your state room for 80 days you cant get off because the various ports of various countries dont want the ship to come in because they dont want an infection rate or anything the spread in the population thats what we were seeing here in the United States here in miami you remember back in april late march april the van dam a couple of the other cruise ships that we showed you that were anchored off shore couldnt get in to the ports here in miami Port Everglades up north because we were in the midst of the pandemic and so the various counties in the state and governor run to sandestin what the ships to come in and then. Continue the infection well what i ended up happening with some of the ships like this and then it was allowed to you know to come into port here in miami the people that were sick were taken off the ship they went to various hospitals for treatment others were repatriated back to their countries and while several 1000 people have some 42000 at last glance and at last look are still trapped on some of the ships throughout the world and its unclear when theyre going to be able to get off many are sick they still have called the 19 others are asymptomatic so thats been a problem getting the adequate testing done getting medical personnel on board the ship so that remains a serious issue but i. As i mentioned you know thousands of these crew members have been repatriated back to their respective countries in fact ill go through some of the most recent numbers 3000 Carnival Cruise line workers disembarked in croatia earlier this month sarah to head back to home and you know various parts of europe and the sea cruises has flown more than 1000 indian crewmembers home on chartered flights thats what were seeing a lot of these cruise lines doing chartering airplanes jets flying people home so m. S. C. Flew 1009 crew members on flights back to europe from europe and south america Royal Caribbean flew some 1200 filipino crewmembers home last week from greece dubai from some ports here in the United States and also barbados but again at least 42000 crew members remain stuck on board these ships and what weve seen weve seen again the infection rate spreading on board the ships because of a lack of adequate medical care medical facilities medical crews and also theres been suicides you know just think about it youre stuck for in some cases 3 months now out at sea and you have nowhere to go youre literally isolated to your cabin and if youre allowed out you get to only walk you know the back maybe you know on board the ship so so its a very difficult situation for these folks but you know a lot of these ports like here you know in florida were very hesitant about lousing these ships in because they didnt want to continue the spread and certainly now that they have a handle on anything of the type you use on a pandemic yeah they want to remain cautious so you gotta understand that perspective but it is very difficult for the thousands of people that you know the crew members that are on board the ship is there 42000 is a huge number john i know that the fate of the cruise line industry is definitely up in the air especially with these stocks in the way its going and when theyre going to recover r t correspondent john thank you so much for that report. Time now for. A quick break but stay here when we return new details into the case of while way c. F. O. Our lawyers claim there was a conspiracy behind her arrest as we go to break here the numbers at the club of. Wall streets busy trading your money bar days a week and there are 4. 00 corners of the year and 3 major stock market. And when you have to watch drive or bail it all becomes clear theres just one business show you cant afford to mend. The one and only. Find it now on portable t. V. Oh go. Buy. Like one of the hosts ask a question for the guests and then actually listens to the yes answer and then react to that thats a false Douglas Miller ive got a new show. You know it doesnt really matter where youve been but that. Is where youre going right well see you church generation look. At the establishment media as the lead in the water pipes that drove the romans back do you find yourself watching t. V. To turn your brain off to relax i want you to watch t. V. To turn your brain on im rick sanchez. Its time. To do news or. New documents show that prior to the arrest of weiwei c. F. O. Main ones though canadian authorities warned the United States that her arrest would send shock waves through the International Community now despite those warnings as we have reported the arrest went forward but now lawyers for walk away say those documents prove a conspiracy on the part of canada and the United States during the arrest well joining us now to discuss is an investigative journalist Ben Swan Bennett break it down for us what are these documents and what specifically were canadian authorities warning about. Yes of these documents were released on friday they show that the Canadian Security Intelligence Service essentially warned that if the United States got involved and if canada move forward with the rest in may 10 as you mentioned that this would send International Shock waves throughout the world because of the fact that essentially the u. S. Orchestrated in many ways this arrest based upon a whole series of steps that are somewhat shocking the fact that many ones o. Was stopped in the airports in canada she was told that security needed to speak to her but that she wasnt in trouble they took her cell phone they took her computer those were search for several hours while she was not given a lawyer and she was not even told that she was being charged with anything and again the what the lawyers for weiwei are saying is that this proves a conspiracy that the u. S. Was working in advance with canadian authorities in order to put together essentially trumped up charges and the reason they say these are trumped up is simply because they say the main one so did nothing that was illegal in canada only would be illegal in the United States right and mengs arrest than it was primarily about violating u. S. Sanctions on iran cracked. Thats right essentially here is what happened was the u. S. Authorities have said that while way was essentially working with iran and using Banking Services to his p. C. With iran and they say that relationship with iran violates u. S. Sanctions but what what was lawyers are pointing out though is that canada does not have the same sions against iran the u. S. Does but canada does not mean long as it was not in the United States she was in canada and was on her way back to china at the time and so the simply the fact that the United States declares something to be illegal and says you cannot work with china and if we find you anywhere in the world even though its not illegal for you to be doing what youre doing there were were still going to attempt to not only have you arrested and held but that extradited to the u. S. And this is the shockwave issue that canadian authorities were talking about these Intelligence Services were saying the idea that someone can do something the United States doesnt like and that authorities in those countries will then work with the u. S. To not only kind of entrap and hold that person but will that hold them to be extradited to be punished by the u. S. Is fairly remarkable one cant thats exactly what canada did here but at let me ask you this the most patents on the next generation by the technology weve reported on this as well new reports now indicate though that the Chinese Company will get paid this will be despite the trump administrations efforts to actually erase it from the supply and the ban what do we know about that. Yeah its a pretty interesting story so weve been talking about theres a boom bust you know for months now centrally the issue of the fact that the u. S. Is doing everything in its power to really shut down wall way especially when it comes to 5 g. Technology keep in mind while way is the world leader in terms of 5 g. Technology and as you just rightly said is also the holder of the majority of patents in this area so when the trumpet ministration people like secretary of state micron paon president himself talk about other countries not using while wait dont know why we build out your 5 g. Infrastructure in fact you should be using these other western companies possibly you know Swedish Companies when they talk about this the reality is that even those companies in many cases this new study says would have to use while Way Technology and while we patents there for having to pay what way even though theyve been blacklisted on a lot of the allies u. S. Allies have are Going Forward with at least some. Because again in the industry its known that while they technically is month ahead of other Companies Bill thats cohost an investigative journalist bent on thank you again for your time. Online retail giant amazon is facing multiple investigations and possible antitrust charges over its Business Practices will listen clude the way the company treats 3rd Party Sellers legal journalist molly barrows contributor with you now with more on the accusations that amazon is facing molly good to see you how many that are a geisha is are we talking about here and are they all focusing on the same issues. Pretty much there are some nuance differences but basically you have several investigations 2 state investigations out of california and washington of course thats amazons home state and also youve got the European Commission that is looking into some antitrust regulation by aleisha as well and in fact charges are expected so in a nutshell amazon has its own private labeling brand and the European Commission investigation is focusing on that in the 2 state investigations are sort of looking into similar issues but basically what that means is amazon has the ability to collect data on a lot of its 3rd Party Sellers like information like whos looking for what how well its selling and the european investigators as well as some state trust regulators here in the United States are trying to see if amazon is using that information to boost their own private labeling business as and thats inadvertently or not inadvertently but by doing that they are creating theyre becoming competitors with the very people that they are allowing to sell their products on their marketplace so its about can amazon exist in a dual role as a marketplace and also a competitor to these 3rd Party Sellers that theyre allowing to use their marketplace molly this isnt the 1st time were seeing this antitrust concerns about amazon operating the retail platform and selling these products have been raised before will we actually see any changes from these investigations. Its going to be interesting it does seem like theyre turning up the heat quite a bit because youve also got the u. S. House oversight our antitrust committee is looking into it has been looking into the very same allegations for months now and so i think its a sign between this and several other class actions proposed class action lawsuits again coming out of washington amazons home state over another issue where its a defunct policy now but at one point amazon had made it so that its 3rd Party Sellers couldnt offer the same products at a lower price on another website so that doesnt exist anymore but there are still several proposed class actions that the company is now facing so between that all these other additional state and federal investigations its a sign that maybe amazon has just gotten too big and now theres going to be some major Regulatory Reform coming in whether its against amazon or other companies that have just gotten enormous into powerful so i think we are going to probably likely see i mean how could i be but i think youre going to see some real regulation reform come in when it comes to competition in the marketplace ali we have about a minute left one more question though i want to ask you also dealing with some other lawsuits on the whats the latest on the lawsuit filed against the company who sold overpriced masks on amazon. Yes thats a big deal these days isnt it just real quick its 3 am they filed this lawsuit against a particular company that operated its based out of california and they operated under various businesses but all over priced selling overpriced masks that were touted as being effective against kobe 19 but they were defective they were damaged not to mention they were way overpriced so basically the lawsuit is now got amazon working with them to identify any price gouging vendors and also turn over some of that data to state and federal investigators so be interesting to see if any of those not that theyll be the overlap but if amazon has to share some of that data itll be interesting to see what else comes out of that absolutely well keep an eye on that for you molly barrows contributor with americas lawyer thank you again for your time. Thats it for this time you can catch. On demand on the brand new portable t. V. Apple available on smartphones there will play on the Apple App Store by searching portable next time. Some control for a middle. Of the night most some are very hardworking people who want to get ahead that is either have some some Health Issues or have some other strick about luck a full time job pay for a place to live and missing just a months rent can get you a victim to gunpoint if anything bad happens to any thing that just throws your budget off slightly. Better catch up real quick or youre going to have a judgment of possession against you and get a ticket anyone thats homeless is treated like garbage people look at you like a monster or someone bad or you chose to be there most of the time its not the case see how it is to be in the worlds richest country. While growing to redacted denied to the show were all americans in america covering america news are called foreign agents donald trump told governors across the country that they needed to crush the protests he said he would use the insurrection act to send the u. S. Military after on armed protesters the trabant ministration. Has declared war on the American People but the jokes on them the police in this country have been to war with the American People for jetter a shed. Were more than you thought you could and that. Is the loser. Right now and to go through 16 facts about american policing that will change everything you think you know and 80 percent of the stuff you never thought you knew that other shows number one the American Police system originated from slave patrols in the early days of this country the slave patrols turned the streets of towns into surveillance routes for what was a Quad Military force so from its earliest days the american model was not some wonderful holier than thou system it was a racist tactic to protect the higher class from the downtrodden and oppressed. The hiring process for those patrols went like this question one are you white good question 2 are you not very bright and therefore dont have an important job like scientist or doctor that might get in the way of your beating black people time good 3rd and final question do you have a gun good youre now an officer of the peace. So basically the hiring process has not changed except now the gun is provided to you but dont worry its not just racial anymore nowadays all of the working class are the oppressed professor alex vitale the author of the end of policing writes the reality is that the police exists primarily as a system for managing and even producing inequality by suppressing social movement and tightly managing the behaviors of poor and non white People Factor number 2 our Police Killed roughly a 1000 americans a year were