Transcripts For RT Boom Bust 20240713 : comparemela.com

RT Boom Bust July 13, 2024

As of tuesday global deaths from corona virus top 254000 the number of cases stand more than 3600000 a vaccine possibly and play now as u. S. Based Company Pfizer is working with a german drug maker biotech and said they have already started delivering doses of their experimental vaccine here in the United States will if the vaccine proves to be safe and effective it could be ready for the u. S. Distribution by the end of the year well this comes as we reported yesterday the trumpet ministration is predicting a continuous surge in new cases based on a new model where up to 3000 daily deaths will occur by june 1st the white house now predicting a death toll of 134000 this is nearly double its previous estimate well the trumpet ministration is now reportedly looking to phase out the white houses krone task. Force and turning it over to Pandemic Response agencies by early june meanwhile more countries around the world are easing restrictions this includes hong kong which announced plans to relax social distancing measures and even to allow schools to reopen in phases. He joined holyoke a hong kong last locally transmitted case which the origin could not be traced it was dated back to april 19th or year after consulting the opinions of Health Experts now is the right time to relax some social distancing measures which are considering the development of the spread of the virus preparations of schools and supply of mass you know the Hong Kong Government has decided to resume schools for 27. While the sports world has stopped due to the pandemic but south koreas Baseball Team or their season that is started on tuesday behind closed doors and without fans will some supporters joined the team at teleconferences the south Korean Baseball Organization said it would gradually open games for Public Access all depending on where the coronavirus situation stands on tuesday leaders from new zealand and australia met via video link to discuss efforts to resume travel between the 2 countries they have closed their borders to all non citizens for more than a month now. The Prime Minister no i have doing now for several weeks been talking about travel zone between australia and new zealand it is still some time away but it is important to flag it because it is part of the ride back at some point both destroy your new zealand will Start Connecting with the rest of the world to get in the most obvious place for that stuff is between australia and new zealand and we could see that happening but its not something thats about to happen next week or anything like that meanwhile france confirmed its 1st coronavirus case may have been back in december french doctors reported the virus could have been around about a month before the outbreak officially started this is after they retested a patients samples. Now this is just 1900 could have been around even earlier before anyone knew the virus was present in the country this also follows similar instances weve seen around the world like the United States where deaths actually occurred earlier than 1st reported and on monday russia reported more than 10000. 00 new cases for the 3rd day in a row bringing its total to more than 155000 more than 1451 people have died but for more numbers and information on the corona virus be sure to check out our portable look for the section at trucking coronavirus. The u. S. Treasury Department Says it plans to borrow nearly 3 trillion dollars between april and june to bankroll the federal response to the coronavirus pandemic treasury secretary Steven Newton claims that the federal government was expecting a large influx of revenue between april and june from income taxes but with the tax filing date pushed back the feds need to borrow all of this as more states continue to reopen and analysts are hoping to see recovery get underway joining us to discuss her boobs cohosts christy i and ben so on this is a boom bust panel chrystia lets start with you 3 trillion dollars borrowed between april and june it means that in a single quarter the government will borrow more than twice as much as it did in all of last year what does this mean for the already struggling economy as a whole. I think you hit the nail on the head right there last year when the course of 12 months they only balled 1. 3 trillion and now you are spending 3 trillion only merely 3 quarters and expected to be more in the subsequent quarters so this means what this means in the interim is that right now theres going to be an influx of high value nominal bond auctions all across the board so this is going to drive the price of bonds down yields up right now and that is potentially worrying considering the amount of debt thats floating out there right now an amount of debt that has yet to be backed i mean this is hitting new records in july and september of 2000 a big borrowed 530000000000 the world being it so much more than that. Then there is a huge concern about the feds borrowing this much money especially when congress has already been passing enormous stimulus bills. Yeah you have to separate those 2 things out right its not just that this 3 trillion dollars is part of what already has been approved the 2 trillion the 3 trillion the 4 trillion being printed by the fed all those trillions of dollars and now on top of that another 3 trillion dollars and by the way thats not even the end of it because even though john also said that after the you know the april to june the section in which they would borrow 3 trillion he expects them to also borrow another 600000000000. 00 plus between july and october of this year to continue to make up for quote unquote lost revenues but as as long as the fed continues to insist that it will buy up anything the treasury dishes that it then you can expect this to continue to go on and on and on about a lot of trillions for hearing where you said separating christie go ahead. So exactly what ben was saying the fed and the treasury are now essentially in lock step with each other they are hand in hand fulfilling this entire casino that theyve been driving the market into so if you basically think of it like a casino every single time these high volume players they lose all their money the fed steps in to back them up and put free chips on the table for them all over again so its literally this never ending casino where the fed now officially never lets anyone fail no one is allowed to lose in this game essentially what theyre saying theyre giving us a lot of stimulus and trillions like were talking about kristie wall streets main index these jumped on tuesday as a recovery in oil prices they lifted the battered Energy Stocks what do you expect to see beginning this or following this rather well the Energy Sector rebound. This was a really quick bounce in the course of 5 days so the market got a little over exuberant because all of this is pending on the fact that production is coming down and theyre betting on a market reopening in order to lift demand so until we actually see real numbers to see that inventory is still going to fill up that there is a limited inventory capacity worldwide and so stock is continuing to fill up so it was exploration coming up in about 2 weeks we potentially might see a very sharp turn and a draw down as we approach the expert as everyone plans to roll their futures contracts so well see where that and whether or not these demand demand really rises in the next couple weeks and were seeing a lot of impact on the economy as more states begin to reopen then are we looking at the numbers here are they encouraging what are we seeing. Well look what were seeing in new york is Governor Andrew Cuomo essentially saying that theyre seeing fewer and fewer infections and obviously fewer deaths and so hes saying well maybe we will see the economy in new york reopen sooner than we thought but i think it really what were going to see is this you have the state of georgia where i am right now is the 1st state to have reopened a lot of stuff as of monday we now see florida following suit floridas doing the same thing texas is doing the same thing but were not seen or a surge so far in either infections or in deaths and by the way to the point that you made sarah a few minutes ago which was really important you know when other countries say oh it turns out that we had the corona virus years earlier than we thought maybe a month earlier than we thought that also means something very important it means that far more people were infected than we 1st thought and were asymptomatic so what i think were going to see is if we dont see a big spike in corona virus caused deaths youre going to see more states hurry to get open because theyre going to see other states like georgia and florida doing better fast thank you so much of them thats. Going to keep you around for the talk about the airline. A showdown is brewing between republicans and democrats in the senate theyre negotiating another coronavirus stimulus bill at issue is whether businesses should be shielded from these federal lawsuits if their customers or workers contract a covert 19 will republicans are pushing for it while democrats say well not so fast for more we turn to legal journalist molly barrows peter with americas lawyer molly what are republicans proposing here. Well you know theyre in the midst of negotiating this 3rd stimulus package and this is proving to be sort of us wrote a roadblock if you will a stumbling block to get this thing going again but republicans and democrats have drawn political lines over whether or not businesses should should be shielded in fact from liability when it comes to the coronavirus as you see the country slowly start to try to get back to business again theyre expecting new cases of exposure to the coronavirus of somebody could potentially get sick then they could potentially hold a lot of business liable where they feel like they may have been infected or exposed to the virus so the republicans really want to do this vast almost a blanket immunity and democrats are saying hey wait one second were not down with this we dont think it should be completely shielding people from residences rather shielding them from accountability they should we should all be focusing instead on you know defeating this virus if you will to the bitter end doing more to address it and then focus on getting our economy back open again its its become a very partisan political issue here when and when lives are risks but molly what has been the reaction from democrats as well as Industry Groups and even insurers yes there is a frenzy of lobbying that is happening right now whether its insurers its Labor Industries its plaintiffs attorneys because everybodys got an opinion on this including the u. S. Chamber of commerce and of course theyre being quoted as saying that they are concerned that there will be opportunistic lawsuits but you know i work for my cap and tonio americas lawyer is well at the level top 20 a law firm they had a lot of personal injury litigation and. When i was telling him about this story we were talking about it and republicans efforts to shield businesses from liability his 1st statement was you know this is what they always do any time you hear the u. S. Chamber of commerce come forward and say you know what we really want to limit the publics access to hold businesses accountable he said thats essentially the same thing as saying we want to take away your rights as a citizen so thats what it does i mean yes theres a balance you want to try between frivolous lawsuits and those that have no basis but to basically say hey you businesses you dont have to take you know in defense for the republicans are saying if theres negligence or cases where theyre not following proper protocol or it can be shown that they have been reckless or negligent you know in the wilfulness to address any concerns that did make somebody sick then they can be held accountable but the burden of proof just like with the bill thats moving its way through the senate and alabama the burden of proof is on the person whos bringing forth the charges as opposed to the business to say hey we did our Due Diligence we did clean properly these bills that are being pushed by republicans whether its in congress or an alabama theyre saying no no no weve got to put the pressure on the plaintiffs well let me ask you this where does that proposed bill in alabama where does that stand now. It has been passed by one committee and now its going to move forward to the full Alabama Senate for discussion and again its falling along party lines as well there they they are concerned again about seeing more exposure to corona virus in the potential for liability because you already are seeing a ton of lawsuits whether its prisoners suing you know prisoners its people Business Owners and sure suing their Insurance Companies because they have a pandemic cause theres just a whole slew of them out there but when it comes to alabama the democrats are saying the same thing hey we need you know we dont need to put the burden on the plaintiffs to show that theyve been wronged businesses need to prove that theyre doing what they supposed to do what theyre supposed to be doing as we reopen to keep people safe let me ask you about the at an International Level now is this are we seeing the same thing happen overseas or is this is just something that were hearing here in the United States where the lawsuit is just so easily thrown out. Right and i think that it is easier in the United States to go after businesses for example a situation like this with civil cases in europe its a little more difficult but you are starting to see some of those cases emerge in austria for example attorneys are putting out calls to say hey if you are at certain ski resorts during this certain time then we will and you were later came down with the coronavirus or were diagnosed with it then we want to talk to you because there are some businesses that they say didnt do proper diligence by closing in time and allowed people to be exposed to the virus that made them sick and then youve also got criminal probes that are under way in italy and france looking into the leadership decisions in france as far as handling the outbreak and also in italy where certain towns were hit harder so youre seeing pockets of this but in the u. K. For example the mechanisms just arent really in place to go after a criminal probe for example they felt like there was some sort of negligence on the part of leaders there that caused people to die or even for civil you could pursue a civil case in u. K. But the short answer is its probably not going to get very far so what theyre going to rely on if people do have concerns is probably corners inquests and just inquiries like that official processes if you will to get to get at the truth or to get to a car and we may even see a heightened increase the numbers are possibly going to go up from here where are we seeing them now molly barrows a contributor with americas lawyer thank you so much for your time. Thanks sara. Time now for a quick break but hang here because when we return were not sure theres ever been a worse time to run an airline well discuss what the future holds for the factor as we go to break here the numbers at the close. Is your media a reflection of reality. In the world transformed. What will make you feel safe. Isolation community. Are you going the right way or are you being led so. Direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Or a maybe in the shallows. Thousands of american men and women choose to serve in a countrys military decision a little sheltered lives every song came to a complete. The day that i was raised to be instructed you know told to shut up what theyd kill me and i see how it destroyed my life many screamed at me and he made me come in and he grabbed my arm and he raped me this bird think if you take into account that women dont report because of the extreme retaliation its probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is a very very traumatizing tat happen but ive never seen trauma like ive seen women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished and be offended and almost 10 year career or chose very invested in and i gave a sex offender who was not even put to justice or put on the registry this is simply an issue of tower and violence male sexual predators for the large part of target whoever is there to prey upon whether thats a man or woman. The underlying narrative some call it a myth of American Foreign policy is the countrys exceptional position on the world stage is the consensus reality is very different the global has demonstrated the u. S. Should focus on its own. World is driven by a dream shaped by. The dares thinks. We dare to ask. The. Cruise lines have been pretty slow to issue refund with according to many passengers who cancelled their plans as a chronic pandemic north and worldwide well that as some of the major cruise lines continue to operate even though the virus was rapidly and dangerously spreading r. T. Correspondent john harvey has more from miami as the corona virus pandemic worsen worldwide new information shows the major cruise lines continue to operate despite the growing threat of the disease well knowing the luxury liners that continue to fill with passengers are possible incubators for the deadly virus the wall street journal reports that the cruise line industry launched voyages on more than 100 ships on or after march 4th the day of the 1st confirmed cove in 1000 death of a passenger from a cruise stopping in the u. S. A marker of the pandemics long reach and by march 13th the centers for Disease Control and prevention had linked cruise passengers to 17 percent of reported coded 1000. 00 cases in the u. S. At the time thousands of passengers and crew members worldwide were sickened and dozens of people have died since then the u. S. Coast guard is now. Audibly investigating whether 2 ships owned by Carnival Cruise lines violat

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