University of california at Santa Barbara professor romans and its good to talk to you thank you for your time thank you for having me on i can see that youre also connecting with us you know a whole no no the only one you have. A whole order war almost a month. What its been like for you. Well were on yeah were on lockdown the University Closed over a month ago d in the 1st week of march and we moved to Online Education i mean this is a completely different light we know wont last forever but i also think that were never going to go back to normalcy it will be by normalcy is great pandemic and now youve been writing about the perils of have to receive globalization for many years and i think its fair to say that youve been pretty sure radical about it by the standards of the wall street journal i wonder if these last weeks and months have changed your analysis in any way not at all i think it confirms my analysis ive been arguing for the last decade or so that what were capitalism cri
She should the way we run our politics economy and social relations well it just doesnt amount joined by William Robinson professor of sociology at the university of california at Santa Barbara professor romans and its good to talk to you thank you for your time thank you for having me on i can see that youre also connecting with us you know a whole no no the only one you have. A whole whatever war almost a month. What its been like for you. Well were on yeah were on lockdown the University Closed over a month ago in the 1st week of march and we moved to Online Education i mean this is a completely different life we know wont last forever but i also think that were never going to go back to normalcy it will be by normalcy is great pandemic and now youve been writing about the perils of capitalism globalization for many years and i think its fair to say that youve been treated radical about it by the standards of the wall street journal i wonder if these last weeks and months have chang
On a mission to save lives we look at the army of cuban doctors traveling to virus affected countries. And Bare Necessities a simple act thats keeping children entertained while living under lockdown. In the u. S. President says social distancing should remain in place for another month to slow the spread of chrono its a reversal from his comments just last week when he predicted the situation would return to normal by mid april the backtrack comes as the number of deaths linked to the virus in new york state rises above 1000 across the u. S. At least 140000 people have now been infected and Britain Health officials are warning it could be 6 months before strict social distancing measures are lifted the u. K. Was put under a partial lockdown last week and china some people are going back to work where this virus was 1st detected the city who has been under strict quarantine for 2 months now or on that in a moment versus get this update from robin holes in the u. S. So empty beaches are
Plus price of gasoline continue to go plummet. Mornings with maria begins right now. Lets check markets this morning. Closing out the week in europe, european indices are higher across the board. Ftse 100 is up 173 points, cac quarante up 231 and dax up 349 points. Bank of england cut rates of wasnt tenth of a percent, marks rally in asia overnight. China keeping lending rate unchanged but said the future easing the likely. Markets in japan are closed and the markets were higher across the board. Korea up 7 and a half percent overnight. Hong kong, better than 5 . Check out oil prices. They are surging. The price war is racing on. Take a look at crowd oil, 267 higher at level of 27 a barrel. Yield of 10year treasury currently lower but at 1 even 1. 050 . Thats down 10 basis points this morning on 10year. Senate republicans announcing covid19 relief plan complete with checks to american citizens and Small Business protections. Here is how the direct payments break down. 1,200 for individ
Indias drugs exports. Indian Pharma Companies get almost 70 percent of their active ingredients from china and the corona Virus Outbreak has disrupted Global Supply chains dependent on chinese exports other than Mainland China and hong kong some of the compounds can come from European Countries in the u. S. But its doubtful india can make up the shortfall in their chinese supply is shut down especially given the extra costs despite the talk of pharmacies running out Prime Minister Narendra Modi has urged people not to panic. Pressure is growing on governments and Central Banks to fight off the virus and avoid a steep slump she 7 finance ministers say theyre plotting a powerful and timely response analysts say its a tug of war between hope and fear Central Banks giving hope with promise stimulus a straight being the 1st to cut Interest Rates to the coronavirus down to a record low of hof percent well vietnam is the latest country to try to give its economy a boost to combat the economic