Let me go to you 1st here. The i guess this is the 2nd shock in as many weeks for you because youve covered the oil markets and now we have the process being rolled out to deal with the corona virus when weve seen markets crash and we see a lot of disorder and a lot of questioning of what direction we need to go into but there seems to be quite clear that a recession is going to be upon us and very very soon if not were in it already go ahead and what are your thoughts. Well i think thats right because if you look around the world we have School Closures we have industries telling people to telecommute we also have really the shutdown of the economies say like in italy where everyone is staying at home or in spain and were seeing that spread to parts of the u. S. Most notably San Francisco and of course the World Economy is so dependent on Consumer Spending travel tourism and youre seeing those industries really collapse and close and of course that is going to lead us into a recession
The french president. Including promoting a controversial treatment for. French Health Care Workers continue to reel against the governments efforts. And half a 1000000000 people could be pushed to poverty by the pandemic according to leading british humanitarian charity. One minute past 5 pm here in moscow this saturday april the 11th a very warm welcome to the program my names you know neil. Lets begin with the latest figures this hour on the 19 demick the number of cases around the world is still on the rise with 1700000 people now infected another grim smile. Stones been reached to more than 104000 have succumbed to the chronic virus but its also known that well over 3 times that figure 389000 people have caught it and they have recovered. Ok lets get through some of the main aspects of coronavirus today russia is too Clinical Trials of a vaccine against covert 19 initially it with some 60 volunteers the countries now registered over 100 deaths more than 13000 infections meanwhile
A high and wont why would they not tell us the truth. If thats a great question larry and i think it has to do with beijing trying to give the impression that china has recovered and because of that they want businesses to return to china they Want Congress inside the country to go back to normal levels theyre just trying to get back to where it was before the virus hit and that is the only explanation i can come up with you know the other thing of course is that they want to show that their system is subpoena or to our s. A so they want to be able to demonstrate that they were able to lift the virus. But it is really to figure out why because you know as this progresses were starting to learn a lot more about whats going on and the inconsistency is dont do china any good. To how gordon chang would you describe the United States chinese relations at this minute. I think theyre tense theres a my sense is that there is anger at the top of the American Government for what beijing has done
Measures. In the box me jaysus one of the Plainclothes Police officers will pretend to be homeless hidden under a Cardboard Box so on top of having the uniforms in the area we also have you know various you know you see operators thats up to them to be as creative as they can be if its a blend this individual here in the car in front of us with the hood open thats actually not a cover officer. I dont even just in front of the 2 Police Officers another armed officer is ready to intervene in case things get out of hand the prostitutes are very quickly approached. Theyve only been out there for 30 seconds and now we have a car stopping to talk to the Sergeant Munoz has a live feed of their conversations through the phone. 0 expected. Thank you. So its like theyre trying to they go there they go. The money a simple verbal agreement between the prostitute in the customer is all it takes to classify as an offense the girls indicate to the customer park a little further away. So thats a plain
Later with the drop in commerce the globe over jobs have been slashed in several sectors what toll with these cuts have on the Global Economy and how are markets reacting we have a packed show today so lets dive right in. And we lead our show today with a possible reprieve in the ongoing Oil Price War between russia and saudi arabia which has sent the commodity plummeting russian president Vladimir Putin announced friday his country is ready to cut production as long as other major producers follow suit saying quote according to preliminary estimates i think that we could talk about a reduction in the volume of about 10000000. 00 Barrels Per Day a little less maybe a little more adding and i believe that when i talk about partnerships everyone including our partners understand that we can talk about a reduction from the level of production that prevailed. Before the crisis so far this year oral prices on major benchmarks brant crude in west texas intermediate have been cut in half due