We dont prepare and act now to secure access of void funding shortfalls and disruptions to trade we could be facing multiple famines of biblical proportions within the next few months. Well here in the United States of america while we may rank 27th in the world in education and health care we do hold the distinction of ranking number one in coded 19 infections and deaths with close 2900000 confirmed cases and roughly 50000 deaths. If that is an american exceptionalism out of spine is that i dont know i mean hey we might not be good at math and science and all that but you know that whole reading thing but you know we can we can rack up some covert 15 recovered 19 numbers thanks to our poor Profit Health care systems. So with us citizens near and far battered and beaten down by this virus we now turn to our great and powerful elected officials to find out what ideas or plans they have in place to help stop and protect us from this rampaging virus supposing we hit somebody with a tremen
What secrets lie behind things was. Discover new adventures in 360 degree. And explore fascinating World Heritage sites. D. W. World heritage 316 get kidnapped now. Small businesses begin to reopen in some parts of the u. S. Despite the continued rise in coronavirus case numbers look at why some states are in such a rush to get back to business as normal. Also in the shows start up struggle to survive at a time when cash is king and many are light on reserves. And will bullfighting get a bailout the industry wants help from madrid but Animal Rights activists hope that the pandemic can finally kill off the practice. This is your Business Report im Stephen Burns in berlin its good to have you with us the u. S. State of georgia has become the 1st to allow Small Businesses like bowling alleys and hair salons to reopen despite the warnings of Public Health officials state leaders say companies will be required to take appropriate Safety Measures but the decision has run into broader opposit
Negatives for the 1st time in history as demands dries up due to the global coated 19 pandemic on monday the price of crude oil fell to negative 37. 63 so anyone expecting a delivery would have actually been paid to accept it rather than paying to buy it to better understand this lets look at the most widely followed Oil Futures Contract in the United States west texas intermediate crude its june contracts fell over 40 percent with fewer people driving flying or shipping this combined with an excess in Global Oil Production has greatly contributed to the falling market just we have never seen anything like this and of course its a consequence of the pandemic which will eventually and still Oil Production production had already outpaced our need for it so where do you see the oil industry going from here is this a wake up call for it. Well you need to let me take you back in time for sed lets go back to the end of the vietnam war when the war ended in vietnam we had plenty of gas we wer
Standard and there was nothing hooking our Financial System our economies to anything real so fantasy could erupt we could have a fantasy economy around the world and then it started to really hit the peak we went so deep through the Looking Glass that we had that fracking with the red queen centrum right 1st of all they were never making any money but they had to keep on drilling faster and faster and more and more just to stay in the same place now were through the Looking Glass and the totally at the end of it in the past 2 years and all that is beyond that is a black hole and spaghettification because right now you know when we got to negative Interest Rates when time had no value that was one thing and we told you we were shocked we were like alarmed by this then now we have the negative in the negative cost of of energy so like does he equal mc squared any longer yeah i see were going with that and you know looking back at the history of economics i guess you could say you know 1
225 pulling back after the rally we saw last week. Infections in tokyo hit a daily record on friday. The sti, keeping a watch on banks right now. Dbs said to be among which filed for protection. Flipping the page, the bloomberg dollar index. It does look like investors are looking for havens. New york crude down by 13 . Gold lower as well. We have President Trump upping the ante, suggesting china may have deliberately caused the coronavirus pandemic, saying there will be consequences if the country is known found to be knowingly responsible. Beijing saying the u. S. Is trying to shirk its responsibilities. Another move to ratchet up tension between the two nations and the handling of this pathogen. Tom absolutely. Every markable uturn from the u. S. President. He was praising china handling the coronavirus crisis. Trump see me to suggest the chinese seeming to suggest the chinese may have released theycoronavirus, saying if are knowingly responsible, they will face consequences. Debora