He is president of Lipo Oil Associates in new york we have helen i need ski she is an american journalist with r. T. And in Great Barrington we crossed pete earley he is an economist with the American Institute for Economic Research all right cross talk rules in effect that means you can jump in anytime you want and i always appreciate andrew in houston 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 o
On to stop the spread of illness we discussed so isolation will affect self insure interactions. Being promoted in the name. Is actually the erosion of human contact the human solidarity social isolation is a privilege for those that dont have to either face work in close proximity or die of starvation not an option for several billions of peoples around the world. Hello there good morning welcome to the program has just turned 11 am here in moscow this monday on kevin owen with his 30 minute world news rattled for you and 1st off heres where we are on the numbers as we head into a new week its 4 months now since the 1st infections began to cause concern around the world as of now more than 1800000 cases have been logged and more than 114000 people have died the number of people known to have recovered from covert 19 is now more than 427000. So todays developments 1st to new york the worst affected area in the worlds most affected country the governor of new yorks planning to launch a
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 economy 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 i think not only here in the u. S. But worldwide ok helen it seems to have this kind of Ripple Effect from 2008 and i keep hearing the words bailout in stimulus and things l
A start to stop the spread of illness we discussed so isolation will affect all future interact. Whats being promoted in the name. Is actually the erosion of human contact human souls are if you social isolation is a privilege for those that dont have to the place where in close proximity or die of starvation not an option for several billions of peoples around the world. Welcome to the Program Assistant 2 pm here in moscow this monday im kevin nolan with his 30 minute world news roundup falling in 1st is where we are then on the numbers as we head into a new week at 4 months now since the 1st infections began to cause concern around the world and as of now more than 1800000 cases have been logged more than 114000 people have died the number of people known to have recovered from covert 19 is standing this hour more than 431000. So instead these latest developments to new york the worst affected states in the worlds most affected country the governor of new yorks planning to launch a f
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