A News Conference to announce what im about to share with you about now it seems the whole world knows that the reason the corona virus is so insidious is because you really dont have to be symptomatic to pass it on to somebody right in other words anybody but young people especially can show absolutely no symptoms none whatsoever but still be carriers and then pass the disease on to somebody else heaven forbid somebody old who could probably die like their grandparents ok again everybody who watches the news this newscast other newscasts listens to doctors Public Health officials knows this. Everybody that is but the governor of georgia who presides over the 8th biggest state in the United States of america with a population of roughly 11000000 people brian kept called a News Conference thats to announce that hes ordering residents to stay home why because he just found out that people who may not be symptomatic can still pass on the disease he just found this out you know fine and now that this virus is now transmitting before people see signs. What weve been telling people from directives from the c. D. C. For weeks now that if you start feeling bad stay home those individuals could have been in people before they ever felt bad we didnt know that until the last 24 hours and as dr toomey told me she goes this is a game changer i think the guy in the back with the beard is probably smarter he just found this out and its a game changer well. And i could go on and on but i wont im going to let my im going to let mark twain handle this one mark twain maybe the greatest and plainest writer who ever lived or at least who ever picked up a pen and paper he would describe heres how he would describe a public official who calls a News Conference to announce what he just learned here ears heres 20 or Samuel Clemens advice to the governor it is better to keep your mouth closed and let people think youre a fool than to open it and remove all doubt. Now why is this story so important well you know i think its important because we here in the media including myself by the way in the United States weve been pointing out the missteps and criticisms of the guy in the philippines and the guy in india and whoever right leaders all over the world and maybe its important to point out at this point that we really dont have to go that far to find Public Officials who are also worthy of criticism this is the news with rick sanchez and we do believe yes we do that its time to do news again. Already heres a list of the questions we think youll be asking them are oh how is new york city the epicenter of the United States handling the coronavirus today its been troubling the economy whats the latest and how much more can it take of this pandemic and why is the media wasting time attacking the president asking questions about whether he needs to be attacking other countries at a time of crisis. All this week were going to d bring you special coverage of the corona virus with updates from around the world and everything that you need to know to protect yourself and your family tracking coronavirus sorry tonight the war of words between state officials new york federal officials white house its gotten ugly or downright vicious at times it began with new york senator Chuck Schumer criticize the president for being behind the 8 ball behind on testing and for not appointing a czar to handle all of this the president of them shot back on twitter saying please explain to cry and Chuck Schumer that we do have a military man in charge of distributing goods a very talented admiral. This says the world is on the brink of hitting the milestone in the corona virus that we all thought corona virus pandemic that is that we all thought might be coming well i came joining us now from the global coronavirus desk is ben swan hes been dutifully following all developments for us today and he joins us now with the very latest ben. So reg we have a few things to get to the 1st one being that here in the United States were now looking at 10000000 people who have filed for unemployment in just the past 2 weeks and 1000000 people who say i have gone from having a job to having 0 hours or no work at all in the last just 2 weeks its an absolutely incredible number and were talking about an Unemployment Rate that could climb as high some analysts are saying as what we saw in the Great Depression or even worse than that now of course you have to keep in mind rick obviously these numbers are a little bit different this is not an economic crisis right now its a pandemic meaning that in theory as soon as everything kind of reopens people would be able to get those jobs back and get back to work assuming that all businesses get back to work. Yeah assuming and im glad youre using that very important word because there are those out there who are saying that its not going to be that easy this is not going to be a quick turn there are going to be effects of this quite some time and this recession is definitely here to stay and that i think is a fact right totally agree with that heres another very interesting headline thats breaking late today there is a new poll out of rescues and poll that shows that 2 thirds of u. S. Voters 2 thirds of americans say that they would like to see border controls that prevent people from crossing from state to state during the course of this pandemic while actually one Border Patrol set up on state lines to prevent people from being able to cross into their states 2 thirds of americans feel that way whatever that you know what does that say about Human Behavior that we we have attend we have a tendency as human beings in moments like this to suddenly almost become. Selfish we start potato vishy closed off yeah yeah i think i think the term is tribalism right at romes tribalism where we our tribe is safe and everyone on the outside. It is different and more headlines are here u. S. The u. S. Is actually sent out half of all of its ventilator supply so we know that the u. S. Had some supplies of the letters that the feds were holding they are now saying they have sent out half of them which means they only have about 10000 ventilators left in in the entire storage as left in the entire United States not near enough if we still see a peak in the next couple of weeks youre right however many that is its still not enough bench one as usual doing really really really great work for us thanks man. Lets talk about the proverbial elephant in the room shall we the coronavirus pandemic is bringing the economies both on wall street and main street to its knees maybe the best way to phrase it is that its on a ventilator and the ventilator is the fed thats just printing money like there is no tomorrow dont have a job will send you a check cant pay your mortgage send your money business going bankrupt whether its related to this or not dont worry were not going to let that happen should the government be doing what its doing be what happens when and if the gravy train finally leaves the station what are we going to be left with economically theres one guy one guy whos making a big name for himself providing both micro and macro econ lessons almost every single night on you tube in fact out just full disclosure here when i go home at night after doing what 22 newscasts in a row i slumped on the couch sometimes with an adult beverage and watch. To learn a thing or 2 and maybe you could too i want to do should to him his name is George Gammon good enough to join us now to kind of help us understand this so george if you would just take it away what is your take on this situation we find ourselves in. Well i think the economys going to struggle on a moving forward basis what weve done is weve inflated what we all call that everything bubble and thats a direct result of the fed in their intervention going back to the late eightys it doesnt start with all thats for sure but if you go look at the dot com bust they tried to fix paper over it by inflating another bubble that was the housing bubble then 2008009 they had to create another asset bubble and it was what where we are today i always say in my videos that the u. S. Economy is built on 3 things asset bubbles debt you. Confidence and i think the fed knows that very well so in your intro youre saying how theyre just printing money trying to paper over everything and just theyre literally throwing everything at it in the kitchen sink theyll probably do that in the future so its 125000000000. 00 a day in quantitative easing they were doing committing to a trillion day in the republic market now theyve gone in created a report market outside of the United States and what theyre trying to do in my opinion is get as much of the private sector Balance Sheet onto their Balance Sheet because if you have lets say equities or bond any type of asset on the feds Balance Sheet since they dont have a profit and loss if those assets take a 50 percent haircut and theoretically its not going to affect the economy and because the economy is so dependent upon those asset prices staying high i think thats pretty much going to be the feds game plan so the question really becomes what are the knock on effects of the fed taking their Balance Sheet to 10 trillion 20 trillion you name it and i think the release of their long term is definitely going to be the dollar so if thats the case how do we. Regular joes you know out here try and figure out whats going to happen in the future for us not for the big guys on wall street just for us. Well i think were going to see is a stag play she marry type of environment and again there are no certainties there are only probabilities so what does that look like looks like the 1970 s. From the standpoint of 10 percent plus inflation and thats the inflation that the government is willing to admit to right that its probably low and then youre going to see high unemployment and i think the big difference between 2008009 and. All the money printing the fed does that went into Financial Assets so a lot of you know the counterargument to what im saying is well georget didnt really create Price Inflation back then so the fed can go ahead and just print as much money as they want and were just going to see that movie replayed again but what theyre not understanding is before the fed created money through Bank Reserves and it is true that the primary dealer banks in the banks under the feds umbrella they have to take an action in order to get money into the real economy but now with the government doing their 2. 00 trillion in stimulus or whatever it is i mean its probably going to be a lot more than that theyre going to get that money into the real economy so its going to be chasing most likely fewer goods and services because of the supply chain disruptions that we see and d. Globalization and so youre going to most likely see Consumer Prices the stuff that you buy at the Grocery Store every day is going to go up in price or assets come down and again that steak place in any type of environment stagflation he talks about it all the time i recommend you go see him on you tube hes good george thanks again hey come on back im looking forward out of another conversation with you. Yeah thank you for having me. You know as we follow all of these stories we get into the part which we havent covered yet today and that is whats the media doing how are they helping or not this is the news a wreck sanchez youre watching our special coverage of govan magazine and we are going to be right back. Join me every thursday on the alex simon show and ill be speaking to guests of the world of politics sports business im show business ill see you then. Understood our attention is biased to scare information we want to know about more so we will be on the list so she gets all this information what else happens how many people buy school wells books say. What are other. Health risk factors that predispose you to make a better outcome if you get in and its by the by some of this natural bias. And were going to fulfill the repeated purposes of politics to the people and thomas should be you know weve all pots be. Ready for a. Pretty good burka now you want to 1st crack that. No. Ball 5 be cut cut cut. Cut cut cut cut cut cut. Cut. So it was the soviets china has been shipping companies you know mass theyre either been selling or donating everywhere the armor in the e. U. Are killing our child and we pushing this narrative that theyre taking on a good leadership role in the crisis so what are your thoughts on that france a little bit under there was a lot of it was muted as opposed to helping the consumerization armed guards in our military and such as are in the south and find out of colombia going to make sure overseas you know if there are more injunction which the Mexican CartelSyrian Television is indicating that. The pressure of her im going to china under reports coming from number cruisers and a certain tone from the crew farmers from the universities mr president what does it mean for our mission should which i understand your version shouldnt person shes come in the minds. Of sounding 7 crash in such a hard time just thinking about you think strategically is that the fluff on their part or is it a sign from the mary beard british marrying the sun for ya. We put that video together and i wanted you to see it you know i wanted to see that because there was a time in america where politicians didnt know of a war or an aggression toward another country they did not like today even when politicians want to back off aggressions it is reporters as you just saw for yourself that was from yesterdays News Conference at the white house its reporters who seem to feel that there is not a single war or a threat of war that they dont like however think its so flipped thats coming up at media model with Ruben Navarrette but 1st as mentioned at the top of this hour there is a palpable friction between state governments and the federal government right now and today that really came to light in New York New York seems to be struggling with its ability to keep up with its very dense population having enough medical supplies to meet the demand and just moments ago the white house shot this extremely nasty letter that senator schumer talking about what theyve done what they havent done its nasty real nasty now heres trinity chose with the latest on whats going on on the ground not the politics on the ground in new york. Today officials tightening restrictions in new york as the city remains on lockdown you know right now as you can see new york citys used to be pretty busy right now but its Governor Andrew Cuomo ordering all playgrounds in new york city to close down saying that many people still are not complying with social distancing we agreed initially with the mayor that we would try compliance and the mayor was going to try to use the n. Y. P. D. To enforce compliance social distancing in playgrounds it is still a problem were going to close down the city playgrounds and leave the open Spaces Available to us as the number of new coronavirus cases continue to batter new york city with more than 270 deaths and nearly 4000 cases reported in 24 hours doctors on the front lines of the pandemic warning that hospitals are increasingly overwhelmed unfortunately i just think that this is a situation thats going to be going all around all over every hospital unfortunately begin to see this happen elmhurst hospital in queens in the borough with the most coronavirus cases in the city possibly hit the hardest the 545 bed facility full with kovan 1000 patients oh its terrifying here because were downwind of this of a hospital thats a percentage of the death of the National Crisis so yeah im terrified to go out to officials now issuing new guidance for m. S. Workers in the city and long island saying that patients in cardiac arrest would not be transported to hospitals if they cannot be saved in the field at the hospital itself their overrun with patients you know your message last night broke a record we handle 6500 calls and while the Navy Hospital ship comfort and the iconic central park try to relieve the burden already seeing patients new york city mayor bill de blasio says that the city needs thousands of more hospital beds we need to build out an additional number of 60. 5000 hospital beds in the city of new york by the end of april. We already have a tremendous start to 20000 beds i say they are already there the governor warning the crisis could last for months and causes many as 16000 deaths if this model is correct. This could go through the summer officials are ramping up testing with more than 238000 people tested with the number of total confirmed cases in new york surpassing 90000 the governor says that the number is expected to grow in the coming weeks as they continue to increase testing so far 600000 test kits from a general and corning have become available and another 500000 tests are coming soon reporting in new york Trinity Chavez r t. V the White House Correspondents Association has removed a reporter from a news outlet for from the White House Briefing room now the association is saying that the correspondent violated the social distancing policy that was established by them or to correspond to touch a sweet has more on this decision. Yes he was in the back of the bush since i think hes. Going back to the point how many Clinical Trials because the m