Crosstalk economic recovery im joined by my guest Benjamin Cohen lubbock he is the director of the Free Market Institute a professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to he is an independent economic and geo political analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciating lets go to los angeles 1st here i said in my introduction i guess probably the most important question there is as we come out of this pandemic and its all going to be about the economy and its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v a you or in hell go here well weve been in an l. Shape depression since the 2008 financial crisis i mean only that true Economic Data on unemployment inflation g. D. P. And the like have been warped
Coronavirus locked down the countrys Influential National academy of sciences has recommended that a start be made on easing the restrictions imposed to contain the virus the academys report came as the number of new confirmed cases in germany fell for the 3rd day running it also set the scene for consultations this week by chancellor Angela Merkel on what should happen after the current restrictions expire next sunday now one of the main recommendations of this report is that primary and secondary schools be allowed to gradually reopen they could soon be followed by shops and restaurants as long as their tables are placed further apart mouth nose protection should be used as an additional protective measure and the relaxing of restrictions is dependent on more widespread testing g. P. S. Data offered voluntarily via mobile phones could be used for Contact Tracing its there earlier i spoke with claudia viz a man one of the academics who contributed to that report and. Explained that a
Japans ruling party says the coronavirus will hit harder than the financial crisis. The global stocks rallied after the u. S. Opened the fiscal taps to the tune of a billion dollars. Thats on rate cuts for major Central Banks surge. St. Louis fed president tells bloomberg, dont assume that will be another cut in two weeks. Rate to thee policy right place for now. Given the information that we have now. We took out some insurance against the possibility that this will cause a growth slowdown in the u. S. Matt division in vienna. Agreement over output cuts proves elusive for opec plus delegates as they look to counter the impact of the coronavirus. We are live on the ground for a crucial meeting there. Lets take a look at futures, getting across europe right now. More than 0. 5 . Up 0. 75 . S are futures. In u. S. We finished up more than 1 yesterday across european forces. There was a major surge in u. S. Stocks as a result. You are seeing futures down for the west stocks. Risk on for e
Other thanks for joining us this is International Coming to you from central moscow we start this hour with our breaking news story which is that numerous shots have been fired in the immediate vicinity of the federal Security Service building one person has been. That this video reportedly shows the shooter the moments of the attack she just thought to be acting alone his identity is yet to be confirmed the area around the scene of the f. S. B. Headquarters has been cordoned off and the following coming up now is footage of the moment of the shoot. Weve spoken to eyewitnesses who described that moment of the attack. But is i was sitting with my friends at a bar when the shooting began and it was the sound of a kalashnikov Assault Rifle and i know what it sounds like my friends were like oh it must be firecrackers but i told them no way its not firecrackers and then we saw people running down the street it was scary 1st we saw people running and then a swat team armed with Assault Rifl
Leaving them welcome to our teens and ashleigh will start this hour with breaking news from central moscow numerous shots have been fired in the immediate vicinity of the federal Security Service building this shooter has reportedly been neutralized his identity is yet to be confirmed and the moment of the attack was caught on camera. I. Want to coast from a riff an ocean or is believe across the road from the others me of course this where the shooting took place whats the situation like at the moment with. The yes im in central moscow right now behind me is the Main Building of russias federal Security Service that massive yellow brick building known as lubyanka that used to be by the way the headquarters of the soviet k. G. B. As well an old significant and very symbolic building just to give you an understanding of how central we are just a 15 minute walk down that road will take you directly to the red square and the kremlin so we are literally in the very heart of russias capital