Be 2022. I think it really depends on where you live regardless where in the world you are i think domestic trouble is that they yes thing right now obviously mainly just because of border closures you know here in cannes i can only go to certain destinations u. S. Citizens can only go to certain areas but if you can stay domestic theres definitely an opportunity to travel and the interesting thing is a lot of these countries around the world theyve got their best laid out as ali was trying to open out later this month theyve already had a delay are through the caribbean early so i can cope and i had a reclusive borders so i think a lot of these countries around the world are see what other countries are doing especially in europe and asia and trying to decide what is the best Course National he said maybe thats just you know recalculating maybe focused on 2021 focus on domestic and just hope for the best for now and now but i want to go back to the Airline Industry now we know that Sm
Welcome back there are few industries in the world harder hit by the credit virus and then the travel and Tourism Sector without question 2020 will go down as one of the worst years ever for the industry but in reality were only in august and still have a wall way to go already the effects are being felt in fact the Hotel Industry is warning that as a whole they are facing an absolute Economic Disaster in a desperate plea to congress submitted this week the industry claims that nearly 25 percent of all hotels in the United States are at risk of foreclosure simply put those hotels have loads better at least 30. Days delinquent or longer at the end of 2019 the same number was 1. 9 percent of hotels and this is just the beginning so joining us now to discuss this boom bust cohosted investigative journalist ben swan and travel expert from money we have dot com barry choi thank you both for joining us today ben i want to start with you can you give us a rundown quick of some of the other as
Battered by the covert 19 outbreak we take a deep dive into the fate of the industry with expert analysis with a packed show today so lets dive right in. And we lead the program with the latest jobs at this 6 in the United States now the u. S. Labor Department Said thursday initial jobless claims for the week ending the 15th of august came in just over one point 1000000. 00 analysts had expected a downward trend to continue after claims fell below 1000000. 00 for the 1st time in nearly 5 months the week prior now the Labor Department also reported that continuing claims which measure those receiving benefits for at least 2 weeks declined by more than 630000 leaving those still seeking benefits at just over 14800000 but well below the nearly 25000000 witnessed back in may prior to the release of these latest figures white house economic adviser larry kudlow told reporters wednesday the countrys economy is rebounding. Quote very very strongly adding that its on a selfsustaining recovery
Excellence i think thats the most important thing and theres a thats the essence of what we mean by Free Enterprise its supposed to be equal rules for everyone and that is not the situation today people making the point that facebook for instance have had more influence than than most governments but is there anything wrong with that why should governments have a monopoly on power. Thats such a fascinating question as governments become centralized in any fashion there is opportunities for collusion with with businesses that are succeeding at a certain level thats when we start having this stratified rule set the rule of law starts to break down in any country and once company can overtake and work with the politician is supposed to be protecting the public then you can get some you know problematic behavior thats unaccountable and then the rule of law breaks down again that wraps it up appreciate the company throughout the morning and early afternoon to stick with ulti if you can plen
Its at the 27,000 level, up from 18,000 in march. Check your 401 k and smile. Whats going on here . Well, first theres a lot of talk about congress adding to the president s virus aid. The democrats made a big mistake walking away from mr. Trump from any deal, allowing the president to jump right in. Wall street would love another trillion or two of stimulus. Here we go. Can you believe this. Putin says russia has a vaccine. They have not finished Clinical Trials but his daughter has taken it. Im a skeptic. When the news broke, it did lift stock prices. We will tell you all we know. I do know this. Tim cook is a billionaire. He owns a chunk of the most valuable company in the world. Bernie sanders might not approve but i think its good to see a brilliant executive join the billionaires club. He and apple are wildly successful. All right. Look whats coming up. Maybe joe bidens choice for Vice President , maybe today. Hes boxed himself into an identity politics corner. A prediction that