Slowly in other words the way down is much slower than the way up to means control measures must be lifted slowly and we control. It cannot. And spain which has been one of the hardest hit countries by the virus has started to loosen its lockdown as the curve inside borders begins to flow and construction Manufacturing Business is with the nation are starting to return to work but most Public Places will remain closed until at least the 26th of april meanwhile japanese officials are calling on citizens to take greater efforts by reducing contect by 80 percent here in the United States there is a push to lift restrictions by may 1st in an effort to mitigate Economic Impact of the pandemic now reports say the white house has floated that date of may 1st and the countrys top Infectious Disease expert Dr Anthony Fauci told c. N. N. While the country wont be able to turn on like a light switch hes cautiously optimistic that things could start to reopen as soon as may 1st now u. S. President donald trump tweeted about the situation monday afternoon claiming it is up to the president not individual states and their governors to set a timeline for reopening the economy and as the number of cases of the crow virus quickly approaches 2000000 worldwide lets take a look at the global spread with r t correspondent saya tavenner saya whats happening today so brand while people all around the world remain quarantined the number of infections are still continue to increase but the good news is that a few countries have also started to show a downward trend and in detail here are some of the most Significant Developments happening around the world now lets start with the u. S. Thats still way ahead with over 5 179000 confirmed cases and over 23000 that and most of these thats brand are in new york the hardest hit u. S. Stayed with over 10000 that so thats half that thats happening in new york now moving over to spain the 2nd hardest hit country thousands of like you said construction Workers Office workers and. Other workers went back to work today ending spains 2 week quarantine that the country implemented which has claimed almost 18000 lives but Bars Restaurants Hotels things like Sports Centers and leisure activities are all remain close with no plans to reopen anytime soon and in italy announcement over 3100 new cases today in fact thats the lowest increase since april 7th bringing the total number of cases in the country 2159000 confirmed cases with a little over 20000 deaths but i also want to talk about due u. K. Which has the latest death toll in the country reached almost 12000 but the rise was lower than reported actually on friday and the country is now all hoping to open a number of businesses which we should be no should know more about in the coming weeks and moving over to china and in china of course was where everything started but after quarantine about 600000000 people it really helps slow the outbreak of the virus and with about 3300 deaths but now theres also another problem china is dealing with the moment and thats people returning from other countries and a fear of a 2nd wave of the virus brant but i also want to talk about iran the hardest hit country in the middle east they have over 73000 confirmed cases with more than 4500. 00 but for the moment islamic republics biggest obstacle is what to do about ramadan which is due to start later this month when normally large groups gather each night either inside houses and onto the citys streets and i also want to mention going back to china that. Theyre not the only country fearing a 2nd wave of viruses in japan the spread seems to seem to slow and quarantine was lifted and schools were actually allowed to gradually reopen but a sudden increase in infection last week got japanese officials worried who then again close schools brand. Experts are fine there were you know working on finding a vaccine right now and so that leads us to believe that maybe were near the end of this pandemic which i want to be cautious about but what are we doing to ease some of the economic tension that were seeing well brand globally World Leaders are facing a lot of pressure to speed up either an emergency plan or to financially help roughly one. Of the countries on the planet with some sort of a some sort of plan to get people back to work and employers and employees around the world are anxious to get back to work as quick as possible so a picture of how governments are planning to increase some Economic Activity is starting to surface but its really far from straightforward theres been talk on businesses using a 5 tier pyramid called the hierarchy of control which china has been following and heres a quick recap of what it is there is the the pyramid has about 5 components which china has implemented one the u. S. Is holding implemented the same kind of program but its proved to china to be extremely costly so its going to be the same happening for the United States so theres a lot of if so a lot of unknowns in the question at the moment r t correspondent sorry to have it or thank you for keeping us up to date on this. And as a reminder you can always find the latest news and information regarding the quote of virus on portable t. V. s coronavirus tracker and the worlds Top Oil Producers managed to pull off a Historic Deal in an agreement to cut output by 1700000. 00 Barrels Per Day for the next 2 months thats close to 10 percent of the worlds output. After days of discussion and negotiations opec members and allied nonmembers including russia and mexico finalize the deal on sunday runs oil minister confirmed the reduction. Within 2 months and opec produced production. To be for the next 6 months from until the end of the year they will cut production barrels or grandma about into the next 16 months after that is some getting from 221. 00 until april 2022 to his own 6000000. 00 Barrels Per Day whose. And as the world faces restrictions due to the pandemic Global Demand for oil has fallen by around 30000000. 00 Barrels Per Day this deal comes as an Inflection Point amid several months of disagreements and fall out between saudi arabia and russia a spokesman for russian president Vladimir PutinDmitri Peskov praising the deal. We consider this deal. And some other countries can reach. To understand the shaken. U. S. President donald trump also touted the deal adding it will save thousands of American Energy jobs for more on this said what equity markets are doing monday we are joined by t. J. Watkins director of stocks at Simpler Trading and boom bust cohost Christine Christine lets start with what is going on with oil was this doing the markets. Well brand loyal pres has stabilized monday after opec and allies agreed to cut production by 9700000. 00 Barrels Per Day thats almost a 10th of Global Production so this deal is the single largest in history but it is still below expectations of what opec had guided earlier 10000000. 00 Barrels Per Day but apparently the oil markets have been so devastated that ill take any sort of cut at this point even if its too little too late and that was evidence of volatile trading where it initially plunged down before struggling back up to flat so market reactions to this deal however historic it was was muted as traders view this as more of a chest thumping political theater the Reference Point for the reductions will be april the months if you recall in which saudi arabia has pledged to pump about 12300000. 00 Barrels Per Day out as a ramp up its price war with russia so that effectively means that the 1st phase of the cuts will only amount to about 7000000. 00 Barrels Per Day so by doing the math these cuts will only lead to an actual opec production of 4300000. 00 Barrels Per Day of from 1st quarter levels of 2020 and these production cuts will begin on may 1st and extend to the end of that and then the cuts will taper to 7700000000. 00 barrels through to the end of 2020 and then finally 5800000. 00 Barrels Per Day from january of 2021 through april of 2022 and while these cuts will certainly help to lift prices theres still a tremendous market imbalance as we reach worldwide Storage Capacity for crude theres already a super large inventory build out of over 1000000000 barrels now and these cuts are barely enough to even make a dent in it it will only serve to postpone the problem so in short these cuts were below expectations of 10000000. 00 Barrels Per Day and is nowhere near enough to offset the plunge and demand which analysts estimate to be misread 20. 00 to 36000000. 00 Barrels Per Day now as we mentioned last week mexico has been exempted from its allocation of cutting 400000. 00 Barrels Per Day and instead will only reduce by 100000. 00 after a. Historic mexican stand off with the saudis holding up negotiations for 4 days so the question is what allowed mexico to stand up to the mighty opec and actually win well mexico had what bloomberg had dubbed a sector weapon and ace card as enter negotiations and that ace was its annual oil hedge where mexico spend billions of dollars on oil put giving it the right to sell its oil at a predetermined set price at around 45 dollars per barrel now the equivalent of the day insurance policy so even if oil prices plunged further mexico will be unaffected this oil put mexico unprecedented leverage to defy saudi and the powerful opec cartel to dictate the negotiations on its own terms now over on the equity side of things the market fell almost 2 percent with caterpillar being the worst performing stock falling more than 80 percent as it was downgraded financials and real estate also led the decline lower ending the day with the dow and s. And p. Down over one percent but the nasdaq turned positive at the last minute on the back of netflix popping up almost 8 percent the market stealing us up to digest some nasty earnings this week as j. And j. J. P. Morgan and bank of america are set to appear earnings this week Analysts Expect 1st quarter earnings as m. P. Comes to fall 9 percent now thats a far cry from earlier estimates at the beginning of the year in january 1st forecasting a 6. 3 percent gain 1st quarter now t. J. I want to bring you into this conversation i have to ask i mean we saw a big week last week and of course were starting this week down but have they have we plateaued i mean are or and have we seen the bottom where markets going from here we talk about volatility a lot what are you seeing. Well right now what im seeing is that i think were going to have a little bit more upside the you know we had a crazy week last week that was great but what happened was that it just basically moved too much too quickly and became unsupported so im looking for a little bit of a pullback i was completely in cash going into the weekend and so when we see this pullback coming on monday this is exactly what i was expecting and what ive been commune. Kate into the subscribers and so now im just looking for prices to kind of settle in some place and then i think well get a little bit more upside now we dont know the future but thats kind of what im looking for and expecting part of what im looking at and saying that had think this is going to continue even though i know weve got some crazy earnings coming out is that netflix amazon and some of the other takers that i do watch were actually looking pretty good and started moving today and so i think that there might be a little bit of idea out there that hey the market still wants to go up a little bit further we are looking for a pullback but thats telling some other stocks that were still in an uptrend i mean we havent rolled over and stopped going down yet kristie i want to propose a similar question to you because were also looking at a trend here its about every other week the week ending march 20th. April 3rd which were the weeks that i hosted boom bust we lost about 600 points on the New York Stock Exchange in weeks ending march 27th and april 10th which were sarah might this day ok weeks we gained about 2000 points what are we looking at here. Well again bad luck brant and i surely were seeing a lot of volatility and thats i mean every single we can have a slew of good news and a slew of bad news all i want some markets kind of price and all these things and right now we dont have any hard data points and thats what everybodys going to be looking for in terms of this Earnings Call obviously every Single Company is going to guide downwards and theyre going to psychoanalyze as being one of the biggest indicators we have to remember that corona virus is going to be a very long tails are just because they say that we are told in terms of new cases that doesnt mean that everything is all well and good and will rebound in mediately the questions of how are we going to deal with me opening the economy whats that going to look like how are you going to deal with the large unemployment numbers and on the back of that these large medical bills which for every Single Person who suffered the coronavirus and recovered their basic medical bills about 30000. 00 now t. J. I want to ask you a quick question before we wrap up here you know what about Small Cap Companies and the start of space that were looking at i mean the softening vision fund is talking about you know what i think it was 16600000000 dollar loss i mean were going to go moving forward about 30 seconds or. Yeah thats going to be rough i mean everything is getting hit and so this i will say this company this venture fund was the 1st year they asked after 15 years that theyve actually had a loss but it was a doozy it was a big one right now you know what small caps go up like rockets when theyre good but they fall like rocks when they get into trouble and i think thats what were seeing right now is that everything right now with corona is just getting hits and theyre going to be falling past us and the hardest to do walk ins and christiane thank you both for joining us today much appreciate it. Thank you. And time now for a quick pause but hang tight because well be right back after flashing as we go to numbers as we go to break here the numbers at the close. I. Think you know because he. Or she. Said you know what do you track in this tiny little wire you dont need a crate with him he will just. Freaking out when its pretty even anywhere near. Breeding dogs or caged in conditions on i mean 67 years you know theyve been locked up in the cage outside you see no protection from the weather the heat you know the cold air the rain the snow nothing they have no protection. Because you. Know its a kid. Across the u. S. Crude puppy mills are supported by dog shows and. Most of the puppies that are coming from these large Scale Factory farming operations. Are being sold and at stores even joined a good businesses are involved like the mom santa there has been a shocking amount of organized opposition to adverts to increase the standards of care for dogs bred in commercial breeding facilities most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs dont buy dog. One almost show seemed wrong. But old roles just dont hold. Any old belief yet to shape out just they become agitated and in gains from it equals betrayal. When so many find themselves worlds apart we choose to look for common ground. And welcome back frustrations continue to mount for Small Business owners who have been repeatedly promised that financial help is on the way the biggest problem they are facing is that help doesnt seem to be coming at all there are multiple programs that lenders in washington are leaders in washington have insisted would provide emergency funding to Small Businesses but so far it seems that nothing has been provided joining us now to break it all down is the bus cohost investigative journalist ben swan been nice to see you today the 1st program that seems to have unraveled are these Economic Injury disaster loans that was supposed to provide loans to up to of up to 2000000 dollars for Small Businesses but now Business Owners are learning that they cant even get close to that whats going on there yeah thats exactly right i mean look at these these economic you know disaster loans essentially were set up and this is an existing thing by the way of the s. B. A. Existing program that was supposed to say look if you have up to 2000000. 00 in losses over some kind of a Natural Disaster or a pandemic the s. B. A. Can help you out originally they were saying up to 2000000 dollars can come to you now theyre saying and the s. B. A. To recorded hotline and also through the program when people go to apply is saying actually you cant get more than 15000. 00 which is an incredible shift tried to go from 2000000. 00 in economic aid 215000 thats thats almost nothing on top of that keep this in mind when the this program was 1st announced that there was going to be