Federal reserve will meet this week to decide on how to tackle some issues facing the u. S. Economy what moves will they make following recent rate cut well take a look and later in the midst of shortages due to the outbreak we take a look at the surge in prices for some products and there are reports of profiteering with a boom bust panel show today so lets dive right in. As we continue to discuss the prospects of returning to normal life in reopening economies the truth is many experts dont believe that will fully happen until there is a working vaccine but there is some promising news out of Oxford University in the United Kingdom according to a report in the New York Times scientists at the university of Jenner Institute are ready to move forward with trials of an inoculation tested against previous versions of the krona bias which. Harmless to humans researchers at the National Institutes for health Rocky Mountain laboratory in montana tested the oxford vaccine on 6 monkeys now th
We take a walk around the globe plus as the Companies Remain under lockdown around the world what constitutes an essential business and where does crypto currency fall in that designation we bring in a boom bust handle for insight into the packed show today so lets dive right in. And u. S. President donald trump on thursday escalated tensions with china over the handling of the coronavirus pandemic saying the trade war between the worlds 2 largest economy is now of secondary importance. We signed a trade deal with is supposed to buy and theyve been buying a lot actually but that now becomes secondary to what took place with the virus the virus situation is just not acceptable you know the situation stems from the u. S. President s assertion that china could have done more at the onset of the pandemic. This is something could have been contained at the original location and i think it could have been contained relatively. Easily this china is a very sophisticated country and they could
Is a nerd. Who shakes her house the most sensible so. This is the one business show you cant afford to miss im going to foreign washington coming up the newest demo already well into phase one studies in humans. Terms of the say may be light at the end of the tunnel when it comes to covert vaccines as some trials are making headwinds straight ahead we break down the state of global infections and where the fight against the pandemic stands plus the title observer will meet this week to decide on how to tackle some issues facing the u. S. Economy what moves will they make following recent rate cuts well take a look and later in the midst of shortages due to the outbreak we take a look at the surge in prices for some products and there are reports of profiteering with a boom bust panel show today so lets dive right in. As we continue to discuss the prospects of returning to normal life and reopening economies the truth is many experts dont believe that will fully happen until there is a
Unemployment which then snowballed into lower income decrease Discretionary Spending which then repeats and feedbacks into the chain in a form of slowing demand so its a vicious cycle thats very hard to control once again some mentum the other part of that is that you have entire industries that are on the brink of collapse and theyve been levered to help bring on cheap corporate debt now of course were talking about the oil and Energy Sector hit one of the icons of america well we can also be talking about that big economy the gate and share to cop a sickly have your assets that valuation upwards of several billions of dollars but 0 assets so that economy has a collapse and the fact is it has no assets to back it up or doesnt own its cars being b. Doesnt own any of its real estate making it all the more painful and then finally lets not forget about trade International Trade accounts for a significant portion of the economy but now depend that make borders are sealed essential Industr
Welcome to the program has just turned 11 i am here in moscow this wednesday on kevin owen with his 30 minute world news roundup for you and 1st to start with the numbers that make for grim reading this wednesday sad to say weve reached another bleak benchmark more than 2000000 infections have now been registered globally and over 126000 people have died in terms of people whove recovered thats no heading towards the half 1000000 mark. In this mornings developments big spot developing the President Trump has to suspend u. S. Funding to the World Health Organization he accuses the u. N. Agency of mishandling the coronavirus pandemic and supporting what he calls chinas this information trump also accuses the w. H. O. Of mistakes which led to many deaths he said the United States accounts for more than a 5th of the shows budget im instructing my administration to halt funding of the World Health Organization while a review is conducted to assess the world. Health organizations role in sev