But 19 we take a look around the globe to check on the spread of the virus with a packed show today so lets dive in. And chinas new National Security law is having a huge impact on businesses and finance in hong kong as we have been telling you the new National Security law which took effect on tuesday is aimed at banning secession subversion terrorist activities and collusion with Foreign Forces to endanger National Security now but now it appears that millions of companies that do business in hong kong as asias Financial Center could be in danger of violating that law now that could mean penalties ranging from fines to having funds confiscated Chinas Ministry of Foreign Affairs says that those who follow the law have nothing to worry about in the hong kongs National Security law regulates or types of criminal acts that seriously major National Security punish a very small not. Protect the vast majority the rights and interests enjoyed by a large number of hong kong residents and foreign institutions and personnel of hong kong in accordance with the law will not be affected at leat the social order will be more stable and the Business Environment will improve which is conducive to prosperity and stability of hong kong but chambers of commerce are warning that businesses could violate the law without even realizing it that includes supporting any nonprofit or profit or charitable work that is deemed to be a violation of the law joining us now to discuss this bus cohosted investigative journalist ben swan and Geoffrey Tucker the editorial director with the American Institute for Economic Research thank you so much for joining us both of you ben i actually want to start with you in terms of what is happening with hong kong what are we seeing from Business Owners and how are they responding to this. Well i think everyones kind of responding to this as if theyre walking on egg shells right you have to be very careful because again that the terminology thats being used quite frankly to describe the this National Security law and the things that its putting down secession or anything that violates National Security or creates these dangerous essentially thought crimes if you will or speech crimes if you will means that you dont really know exactly what constitutes a crime and what doesnt the other thing thats important is that Hong Kong Police are not the ones in force in this its being enforced by beijing so we already see like for instance there are some shop owners in hong kong who there was one in particular who has a Clothing Store he had a statue with centrally set up inside of a protester to kind of recognizing the protesters who have been pushing back against the government there and and calling for government reform immediately taking that image down in his store as soon as this law was passed on tuesday because he knew that if that happened he could face penalties for it so essentially its a totalitarian approach to say if you Say Something that the Chinese Government deans is being a National Security threat we can find you we can confiscate property we can essentially take away the funds that you make as a business its a chilling atmosphere i think for merchants working and Business Owners working in hong kong you know jeffrey how do you actually see this in the law is could force certain businesses especially western businesses to avoid hong kong will this law and hong kongs dominance as asias Main Financial hub because officials there are saying its going to be good for the economy. You know i dont i dont know for sure that its going to be good for the economy the problem is the end of the china model you have supposed to be able to have political totalitarianism and free markets but weve not actually seen that work in china and and i dont think its going to work in hong kong either i think this is a grave threat actually to hong kong future and the real tragedy to me is that the u. S. Has given up. All leverage over the situation by escalating the the problems of china like our relationship is terrible and china is using the annoyance and anger of the u. S. To move the n. On hong kong and actually threatens you know this beautiful place thats been striving for so long and actually i think its an existential threat to hong kong and to the businesses that are operating there you know jeffrey i actually want to clarify what youre saying there so youre saying that because we have these tensions may be over why are way over a trade deal over economic situations where the china that that actually reduces the u. S. Is ability to actually weigh in on this situation to be taken seriously. Look i think in many ways the blame for whats happened in hong kong right now is really should be addressed in par with the washington d. C. I mean for 4 years now its been one attack after another has been tariffs weve been been driving this wedge between the u. S. And china and thats made china annoyed and its broken down or influence the collegiality the character has of the relationship between us and china 10 years ago has as led to these increasing hostilities and made chinas government a little bit paranoid about anything that seems to be pro western so were actually reverting back to a kind of a and all you call it a like in 1000 fortys fiftys model and you know the attacks the attacks on what about while they have been completely outrageous and the tray sad to me because the u. S. Has failed to back the movement of private enterprise and china rather has punished china for a attempting to adopt a western style Free Enterprise or enterprise model and i think its been a disaster yes i do think that the washing d. C. In the in the trumpet administration particularly bears some blame for having escalated the tensions just systematic a month after month after month for years now and this is where you see now the u. S. Has absolutely no insular but i want to move on to kind of another aspect of this were seeing social Media Companies responding to the law facebook microsoft Google Twitter and zoom of all the notes that they have suspended product the processing of requests for user data from the hong kong authorities while they study the new law now meanwhile Chinese Apple tech talk says it will stop operations in hong kong as well what do we need to know about the situation with all these social media sites yeah i think its kind of funny that facebook and twitter are acting as if they are quoting some brakes on what the chinese are doing essentially facebook and twitter about to get kicked out of china completely and theyre trying to exist in hong kong whats happening there with tech talk its really interesting because to talk obviously its the fastest growing. Chinese app ever growing at an enormously fast rate we just saw a band in india but whats happening in specifically in hong kong is that talk is no longer going to be available as we know it as tech talk in hong kong but the company that owns take taught by dance actually has an identical version of tic toc that is strictly for chinese and its not an English Version that is what exists currently on the chinese mainland so that service is now available in hong kong so essentially what the answers doing is theyre treating hong kong like the way they treat the rest of the chinese mainland in terms of lack of access to those western influences and very quickly i think jeffrey is exactly right in that china while it seemed like it was opening up more to western influence over the past couple of decades now seems to be in rapid form closing ranks and moving away from that and this example of social media i think is a good example of that you know jeff i want to get to to one more here speaking of tech talk secretary of state mike pompei oh so the u. S. Is looking at banning ticktock and other chinese apps is this something that you believe could happen at the Top Administration continue this battle with china that you actually just mentioned. You know the im sorry but there seems to be this apocalyptic spirit in washington d. C. Every every sense of the corona thing came along we were banning flies from europe of cracking down with groups lockdowns and and that crazy things are now the idea that were going to have extreme protectionism about the single most popular app among all the under 25 year olds is is unbelievable its inconceivable and also get away with it maybe it will trump ministration seems to know believe theres no limits what they can do but when if youre looking for a Silver Lining to this its a way to recruit the entire young generation into a pro free trade. That actually push the panic thats kind. Of going to. Settle in on our 20 under 25 year olds is just in concert to get around the streets. Jeffrey tucker and ben swan thank you both so much for taking a break a little levity to the situation as well thanks so much. The u. S. Treasury department on monday released the names of more than 650000. 00 companies received p. P. P. Loans as part of the 520000000000. 00 program intended to prop up the economy as stay at home order shuttered businesses throughout the country and now this is just a fraction of recipients of the loan as the government only identified those who were approved 4150000 or more now according to the data while most of the loans seem on the up and up some of the companies and industries that received loans raised some questions nearly 600 Asset Management and private equity firms which allowed most of their employees to work from home received loans from the program while rapper Kanye West Yeezy brands which produces clothing and high dollar sneakers also received a loan of between 2. 00 and 5000000000. 00 and the list of head scratchers really goes on and on including large chain restaurants like p. F. Changs and t. G. I. Fridays billionaire West Virginia and Virginia Governor jim justices Family Business that work in the coal industry the girl scouts political advocacy groups and even modernist sculptor jeff koons so lets go ahead and take a look at the distribution of p. P. P. Loans and how markets fared on tuesday with our friend tobin smith c. E. O. Of Transformative Research topic thanks for being here today good to be with you now what do you make of this data released by the Treasury Department is this a misuse of the program when we see sculptors at restaurants with hundreds of locations receiving money or is this just business taking advantage of opportunity afforded to them and really being creative with paperwork. Well i think if you go back to the beginning of this is that ive to my knowledge weve never had a type of grant that went to a business that said if you. Began with 80 percent of this money goes to paying salaries that you can will forgive this loan now they didnt say who couldnt do it number one number 2 i mean i hear people are bitching and moaning about of sidwell friends up in washington d. C. All that sort of are you know left wing school or or bush in washington these private schools getting the money theyre big employers number one number 2 they employ you know the number of employees they have then you know by dry cleaning and by fast food dollars a Ripple Effect here so i dont think it makes economic sense to go after a Large Company or a private Equity Company for that matter and say hey wait a minute you know youre a big moneybags guy this money is all supposed to go to small guys on the other side of it those same 660000 above 150 grand that was 3 out of 4. 00 that was put out so if the goal was explicitly to keep it to true and true Small Business then we totally failed by the way i want to clarify that its to between i apologize let me look at the number here to kanye west received millions not billions of dollars just iou idea ill give kanye a call right now but i do apologize to get him on the line but the but the point here is tobit into what youre saying is so is that a messaging issue with the whole situation because more so they said these were Small Business loans but now theyre going to these giant firms when that really wasnt what it was it was just a messaging issue. Right now and they stood they then follow up with this main Street Lending which is a Different Program theres also Emergency Group credit growth scuse me emergency condition grants which are like 10000. 00 or free money i mean the goal was and it was accomplishes that we had to push in fill it this giant hole that have been created sinkhole in the gut in the economy otherwise those Ripple Effects would just turn into a tsunami of facts so. It has accomplished that but like anything else if you throw something together quickly and you have to get people in congress and senate to vote for it quickly theyre going to do act 1st and theyre going to figure out later i think when we get to the next to do list and it is coming certainly by the end of july theres going to be at a lower number is Mitch Mcconnell kamel said lets really get it to the under 45000. 00 your households because theyre the ones who are actually going to be thrown out on their arses if they cant pay rent and i dont think having a nation of 6 to 10000000 new Homeless People many with children is is what the greatest country in the richest country in the world wants to see happen but i want to hit one other point here quick before we go markets fell today after a pretty good run over the last week citigroup analysts said monday they didnt expect markets to be much higher from their current levels at this Time Next Year and youve said were trading on 2021 would trade on 2022 has your outlook changed at all. No it hasnt been were sort of co bit on co bit off days right but the market his is now pricing in the fact the good old america will not go back into this lockdown mode youre never going to see that again its not politically palatable at this point so if that now were going to have higher rates and were just going to have to live with that because because the alternative is too painful for all involved in thats what really i think the markets are voting on and to look at any time you have a market go up a straight as it has now youve got to have days to cool off otherwise that thing really blows up with c. E. O. Of Transformative Research always appreciate you coming in and break it all down for us. Thank you brother. And time now for a quick break by here because when we return brazils president has tested positive for the coronavirus as the nation has surged to become one of the new epicenters of covert 19 we take a look around the globe to check on the spread of the virus as we go to break here the numbers at the close. Are. We go to work. Straight home. I like it when the hosts ask a question for the guests and then actually listens to the guests answer and then react to that at such a folks Dennis Miller here ive got a new show. Oh yeah you know. The list. They go by. On larry king. Live learning dollars said i never learned anything when i was talking its important to listen. For so much going on in the world dont you think whens the last time you had a real birds eye view of things shouldnt you be more than just hours of bickering and getting 30 minutes ill take you off the love. Im chris hedges the corporate coup detat has destroyed our Democratic Institutions the commercial media is burlesque part of the reality show president s expose the trivial lives seen on content question more. And welcome back new york regulators have Deutsche Bank in their crosshairs due to the banks relationship with Jeffrey Epstein r. T. Correspondent john buddy is following the story. Choice at bank agreeing to pay the state of new york a 150000000. 00 fine for sketchy Financial Transactions related to Jeffrey Epstein new York State Department of Financial Services superintendent Linda Lacewell saying in a statement quote to watch a bank failed to adequately monitor the activity of customers that the bank itself deemed to be high risk in the case of Geoffrey Epstein in particular despite knowing mr epsteins terrible criminal history the bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions lacewell said the bank processed hundreds of transactions totaling millions of dollars at the very least should have prompted additional scrutiny in light of epsteins history including payments to individuals publicly alleged to have been abstains coconspirators in sexually abusing young women settlement payments and more than 7000000. 00 and Legal Expenses of epstein and his coconspirators of more than 6000000. 00 payments to russian models hotel and rent expenses and consistent with public allegations of prior wrongdoing payments directly to numerous women with Eastern European surnames along with all that suspicious cash withdrawals more than 800000. 00 over 4 years Deutsche Bank had a financial relationship with epstein from 2013 to 2018 and according to this Consent Order to assure bank was aware of suspicious cash activity throughout the relationship and the bank continued to maintain the relationship for years despite additional red flags the bank cut ties with that steam. In 2018 after the miami herald published its investigative series about epstein sordid history and question of prosecution under the contentious 2008 plea deal the statement doesnt name any event seems coconspirators f. B. I. Agents and n. Y. P. D. Detectives arrested gilling maxwell in New Hampshire july 2nd on charges of sex trafficking minors and perjury shes long been accused of helping to recruit and abuse the young women and girls epstein allegedly abused for many years some of them as young as 14 years of age maxwell is currently locked up at the metropolitan Detention Center in brooklyn on 24 hour suicide watch one of the Big Questions what incriminating evidence to she potentially have on epsteins rich and powerful friends who have also been accused of being involved with his nefarious behavior federal authorities are intent on keeping maxwell alive to answer that question and many others on like they are able to do with that scene for boom bust john hardy. Brazils president airball sonar on tuesday announce he had tested positive for covert 19 now the brazilian president has faced criticism for downplaying the situation regarding the virus in his country for months and continued to do so in speaking about his diagnosis on brazilian t. V. But everybody knew that sooner or later 1000 will reach an important part of the population a lot of people like me for example if i would not have done the test i would not know about the result that was positive. And lets take a global look at the spread of the virus with r. T. Correspondent saya tavenner so lets start in brazil where are we. Well before i go to brazil let me tell you where we are globally until global cases were at 11800000 confirmed cases global deaths at least 543000 now moving over to the u. S. Where there is over 3000000 confirmed cases and over 833000 deaths so before i go to brazil let me go over bring latin america as a whole thats again seeing a huge surge in cases which lead to b. Then to brazil thats right now 2nd only to the u. S. In the number of infections and thats where more than 66000 people have died of the virus in brazil and almost 1640000 cases have also been confirmed so far and it doesnt help when president wilson eric is encouraging the country to reopen even as the number of cases are going up and brand while the president can afford the best health care in brazil to treat him its the countrys poorest that are struggling to access proper medical health care and because brazil has a deep inequality independent make has hit poor countries the heart is where most people even lack Running Water and are in cramped housing so isolation has been impossible for many residents who were cleaning homes or are delivering food now im moving over to peru with a has job to pass 305000 confirmed cases the 5th highest in the world and pero you know with a population of 33000000 and a countrywide lockdown that they had in march but that really they really struggled to enforce a nationwide quarantine because many of its citizens were facing too much of an Economic Hardship to stay at home and now moving over to chill a which has a which was actually very slow to implement a lockdown measures and granted a large number of exceptions for essential workers back in early may and now is the 6. The highest number of karnak grown up virus cases in the world with over 300000 cases and lastly i want to talk about mexico that is now 5th in the number of deaths globally with over 31000 deaths and over 261000 cases and you know get this residents of the town of a solenoid which is a very popular seaside resort in mexico and as a short drive from arizona are there now actually blocking the main road leading south from the u. S. Border over fears are people coming over from the u. S. Traveling into mexico could actually bring the virus with them from arizona which has been a hot spot and lastly we have colombia that has over 120000 cases and deaths are surging along colombias caribbean coast as the region becomes the epic center of the pandemic with doctors warning that theres actually a lot of more deaths that are being reported brant. Here in the u. S. What spirits are we seeing that are having the most increases in cases. So once again 3 states arizona texas and florida keep showing up as hot spot in that arizona has reported 117 deaths just in the last 24 hours and they have over a 102000 confirmed cases and theyre seeing what theyre seeing is setting record high daily death counts about once a week while also reporting the lowest ever number of i. C. U. Beds available on tuesday and more than 9000 new cases were announced across texas the largest single day total for since depend demick and there are a total of 210000 confirmed cases now meanwhile texas has Just Announced a public face mass order which is a complete reversal by the governor who earlier downplayed the severity of the outbreak in his state and finally florida which you know actually initially they avoided the worst of the pandemic and the 1st few months now has the 3rd highest number of corner cases in the u. S. At over 206000 counting now despite all of this floridas education commissioner issued an emergency order on monday mandating that all schools open and fall and brand the order appears to follow president trumps wishes where he tweeted schools must open in the fall. Correspondence are tabular thank you for keeping us up to date. And shares in indias Largest CompanyReliance Industries hit a new record high monday afternoon following the companys telecommunication arms geo releasing its new meeting app for the general public geo meets release comes as web conferencing apps have taken off amid the pandemic with zoo Microsoft Teams and a host of others seeing huge traffic as face to face interaction just isnt possible with jule meet users can hold a meeting of up to 100 participants and if you can. Good enough of online Conference Call their website states mexico for 24 hours reliance geo recently received huge investments from social media giant facebook as well as intel corp and thats it for this time you can catch boom bust on demand on the brand new portable t. V. s which is available on geo platforms as well as smartphone through google play and the Apple App Store by searching portable t. V. Which if you can also download it on newer models of Samsung Smart t. V. s. Vices or simply go to portable t. V. See you next time. Someone else shows seem wrong. Wrong just dont hold. Me. To shame. These days because thats ok. And in detroit equals betrayal. When so many find themselves worlds apart we choose to look for common ground. Welcome to on contact today we discussed the nature of patriotism with west point graduate and Army Combat Veteran danny search its the idea that values legality constitutions National Interests are all important but whats important and where differs from the nationalists the sense is that it sort of is willing to reject nationalism in general its willing to see the ills of nationalism the ills of the organized borders that are often imaginary and understanding that like the prosthetic the sand theres theres a kinship to humanity and that we ought to be humble and provide some sort of apical foundation to really doesnt fuse all of the other types this is the rarest form but it it is out there and its funny because it is one of the most quickly denigrated of the descents and folks will you know obviously make fun of people who think of themselves as citizens of humanity rather than a nation. When rory fanning the burly veteran who served in the 2nd Army Ranger Battalion and was deployed in afghanistan in 20022004 appeared at a donald trump rally in chicago it was wearing the top half of his combat fatigues as he moved through the crowd dozens of Trump Supporters shouted greetings such as welcome home brother and thank you for your service then came the protest that shut the rally down fanning one of the demonstrators pulled out a flag that read vets against racism war and empire immediately someone threw a drink on me he told me i got hit from behind in the head 3 or 4 times it was quite a switch quite pivotal on me questioning the narrative questioning Donald Trumps narrative and i was suddenly out of their good graces. Nationalists who claim to be patriots do not really venerate veterans they only venerate veterans who read from the approved patriotic script americas the greatest the most powerful country on earth those we fight are to prayed to barbarians our enemies deserve death god is on our side victory is assured our soldiers and marines are heroes deviate from this cant no matter how many milli military tours you have served and you become despicable the vaunted patriotism of the right is about self adulation it is a raw lust for racism and violence it is blind subservience to the power of the state and it works to