Numbers for the Global Pandemic now show more than 3700000 people are infected with a krone virus more than 260000 deaths have been recorded will the u. S. Has more than 1200000 cases and at least 43 states actually plan to open completely or partially reopen their economies by this weekend this while president appeared to reverse course when he tweeted earlier ones day that the White House Task force will continue indefinitely with its focus on safety and opening our country again he also reiterated that earlier during a briefing well tensions between the u. S. And china continue to rise as the u. S. Says its pushing for transparency heres how this could get sold really quickly the Chinese Communist party could do what theyre committed to do under their obligations to the World Health Organization to be transferred to be open to do the simple things that they. Its all around the world do to make sure the pen demick like this dont get out of control and in fact importantly stay out of control on the mistress has laid out a timeline of what weve seen it is pretty clear that at the front end of this the Chinese Communist party misled the world that is they knew more and they didnt share that they had an obligation to do so under the International Health regulations that that they are required to adhere to under world health obligation while Health Organizations rule set they didnt do that on wednesday china rejected any International Investigation into the origin of the corona virus. We are opposed to individual politicians in the United States conducting investigations based on the presumption of guilt on china for domestic political reasons we are opposed to using this epidemic to engage in political manipulation because this practice is contrary to the original intention of Scientific Research and will also disrupt international and democratic. Iran and seeing a rise in new cases as a country recently east there restrictions showing a temper cent increase in new cases reported compared to last week while india with a population of 1300000000 people is also seeing a rise in new cases after it relax its rules in mid april the daily death rate was a few dozen but now its at a rate of more than 100. 00 per day while in europe the year u. K. Surpassed italy in recorded coronavirus 30150 the country unveiled a 3 step plan to ease some lock down restrictions and Prime MinisterBoris Johnson signalled those could start as early as monday will this is despite its high numbers well spain saw its daily death toll increase once again its Health Industry reported 244. 00 deaths this comes after 3 Straight Days of 3 Straight Days rather of less than 200 reported daily deaths a new report shows the European Unions economy is set to shrink by 7. 4 percent this year so just to give you an idea on how bad this actually is in 2009 it shrank 4. 5 percent during its worst recession in recent history while managing director of the International Monetary fund Chris Alina George said the Global Economic impact from the pandemic is worst the worst crisis since the great depression. Focus on the Health System and if i can give a shout out to. It is so important to us there too. Help the businesses and the households to sustain through the next couple of months now the words must see if fiscal injection and treat think of what you can do today to have a better you can be when we start recovering for more numbers and information on the coronavirus be sure to check out our portable the t. V. s and look for the section at trucking coronavirus. Theres no doubt that Small Businesses and employees across the country have been devastated by these coronavirus shutdowns today we have a better idea of just how bad it is according to a new report out wednesday from a. D. P. More than 20000000 jobs have been hemorrhage from private payrolls in april alone its the worst of it is that since the worst loss in the companys survey history the cohead of a. D. P. Research says that job losses of this scale are unprecedented this while President Trump said the economy will come back after seeing the worst i will say that from an economic standpoint i think next year is going to be a very big year theres tremendous demand issue with the stock market where the stock markets are 24000 and we went through the worst of tech weve ever had of a country this is really the worst. Weve ever had this is worse than pearl harbor this is worse than the World Trade Center is there were a bit of that quote is joining us now to discuss his boom bust cohost and investigative journalist ben swan and editor of the logical investor sean hyman gentlemen thank you for joining me today ben lets start with you this report puts into numbers something we already know that Small Businesses and employees all over the country theyve been devastated but just how bad is it. Yes pretty bad i mean were talking about since all these lock downs really began in the shutdown orders began about what 56 weeks ago we have 30000000 people who have filed for unemployment and those numbers only continue to go up the reality though is that just because people are file for unemployment its important to remember that there are a lot of people who have not gotten anything there are millions of people who have not received a single check for those for that unemployment filing so thats very important to remember for workers and of course most of the people were talking about here or working in the hospitality or Service Industry theyre working for restaurants theyre working for bars and in some kind of a service job like that and the reality sarah is that when this comes to within them when now that we see some states starting to reopen some of those businesses are not coming back and some of them will have to contract pretty strongly for a while which means some of those jobs are not coming back at least in the short term some are opera operating at less than half a percent or a lot less than 50 percent that is shannon we previously have reported here that the treasury is seeking to borrow around 3 trillion dollars for just april may and june well now the Treasury Department is announcing that it will launch a new 20 year bond to fund this record type of level of borrowing how do you see it helping the value of the dollar if at all. I mean theres been a shortage of dollars you know in the near term in a lot of Foreign Countries a huge need form so its really propped the dollar up and taking it up in the last so many years but really we need a lower dollar and eventually i think well get that you know if we got a lower dollar you would bring oil prices you would help save a lot or work or jobs you would help our Multinational Company says what we need really a lot about think there will be a lot of demand for the for the bonds particularly with insurers and the Pension Funds as a letter their investments and when their overall return. A lot of stimulus coming into effect during these times as well and we know that oil has been hit maybe harder than just about. Any industry over the past couple of months the Energy Sector is really having an impact were seeing Oil Prices Rally though including a 20 percent jump on tuesday alone but on wednesday or oil turn lower this was the 1st time in 5 sessions what is fueling that where are we going from here. Well i think that took a lot of people by surprise because the oil has been rallying over the last couple of days as you mentioned and then you know we see on wednesday a drop and as that happens i think we have to recognize that so much that surrounds obviously regards oil futures right now and when we talk about futures were really talking about guesstimates and how analysts are predicting things will go the reality is that people are not back on the roads airlines are going to have to contract and so theres and theres a huge amount of oil and energy that is going to have to ramp back up to being used again you know people keep talking about the recovery in the shape of a v. Where it drops and then it shoots back up again and then the a lot of analysts are now saying whats going to be more of the usual it comes down its flat lines in the bottom for a little while and then it starts to come back up a little more slowly i think we can expect that and so i think for the Energy Sector and specifically for oil itself were going to have to expect to see its going to take more time than probably what those in the oil industry and the Energy Sectors are hoping that will take it will probably take longer than they are in to see if it i mean were running out of storage where to at this the supply this oil supply that that we have a great influx. Were seeing some businesses beginning it to surge again c. B. S. For example has reported a huge jump in sales as customers run they rushed in to get some of their prescriptions and even other essentials will c. V. S. Says that this is because they are unique and in this position of selling these essential items that many people still need so a lot of a lot of theyre getting a lot of people in there what do the next few months look like for places like t. V. s and even walgreens. I mean for the logical misreport folio they wouldnt make the cut for for us because they carry way too much debt and walgreens case they dont even carry enough cash on their books and so i dont think theyre going to do nearly as well as they should if you think about it i mean a lot of their competitions been erased and they still cant turn their stock price or. Around still in the multi year downtrend and and those that are still around which is walmart which does what they do cheaper and costco which is what they do in my opinion better are still around so i think theyve got a tough road ahead im space with a heavy debt load we have been in Cardinal Health and sciences in the health area and did real well in that but thats where i would be there not really c. V. S. For walgreens these are some some to keep it like youre saying a lot of places like walmart and costco also doing well when best cohost spence one and sean hyman of the logical investor thank you both for your time. Thank you. Its been one year since the u. S. Placed chinese talk on giant wall way on a blacklist will a move that banned the Telecom Giant from buying parts and components from u. S. Companies without u. S. Government approval well now it appears that that move could change the u. S. Department of commerce is close to signing off on new rules that would allow American Companies to work with wall way in establishing 5 g. Standards all this according to officials who are familiar with the matter and spoke to reuters for more we bring in our team respondent Rachel Blevins rachel a lot of back and forth here what do we know about this decision well it was nearly one year ago when the Commerce Department 1st announced that they were placing wall way on a block list and at the time they cited National Security concerns but now it looks like they may be taking a step back from those claims so reports are now claiming that the Commerce Department has drafted a rule which would allow u. S. Companies to work with while way to set global 5 g. Standards they say it acknowledges the importance of inclusion in creating industry standards for 5 g. But the rule still requires approval from other agencies before it is finalized and the Commerce Department has yet to address those or to say whether their focus is now moving away from National Security and towards the need for a 5 g. Dominance looks like possibly toward this 5 day dominance as not a lot of people are countries are listening to these u. S. Threats how has the decision to blacklist while we really impacted these u. S. Companies well u. S. Tech Companies Like intel and qualcomm have really been at the forefront of calling for the government to ease restrictions on wall way because at the end of the day wall way is the largest producer of Telecom Equipment in the world so as these Tech Companies here in the u. S. That rely heavily on wall way that stand to lose the most now when looking at how this has impacted these companies over the last year the senior director of policy for asia at the Information TechnologyIndustry Council argued that although the u. S. Company government wants its companies to remain competitive with wall way their policies have been in. Caused u. S. Companies to lose their seat at the table to walk away and others on the list so not only are these companies losing money but theyre also losing influence at a time when the world is making crucial decisions on 5 g. Technology 5 technology was supposed to be the biggest thing yet we missed a lot of conferences this year due to the coronavirus of the pandemic but u. S. Companies had been also applying for some of these these waivers and had been granted so little Commerce Department had granted these companies United States companies waivers to continue to do business with while way there were more than 300 applications by august and we know that that was extended but here is the my biggest question whats the reason behind it right now why are they doing this now while the u. S. Sees exactly what wall way is doing on 5 g. Technology and they see their influence and at the same time the u. S. Also sees that despite months of warning other countries to get away from wall when not to work with them it hasnt had the drastic impact that they had intended now last month we saw a group of 6 senators including marco rubio in tom cotton sent a letter to the top trump of ministration officials in which they called for more clarity from the Commerce Department now in this letter they specifically wrote quote we are deeply concerned about the risk to the u. S. Global leadership position in 5 g. Wireless technology as a result of this reduced purchase the patient and the economic and National Security implications of any diminished u. S. Role in 5 g. So before they claim that if the u. S. Worked with wall way then that could harm National Security now theyre saying that if the u. S. Doesnt work with while i am 5 do you then maybe that could harm National Security so theres a lot of different messages going on here but it is important to note that even if the Commerce Department changes its rule while way is still largely blacklisted here in the United States it is so i wonder how that will play out and how well we will be able to infiltrate here in the United States because they are the biggest Telecom Giant and the lead apparently for months of technology for this 5 g. Infrastructure which. I mean the race for 5 g. Continues r. T. Correspondent rachel thank you for that thank you. Time now for a quick break but hang here because when we return the crown of iris pandemic is the flashing of values and forcing companies into bankruptcy now governments want to stop china from buying up cheap assets will discuss with economics professor Richard Wolfe and as we go to break the numbers out the. You know with the yeah you know what. The underlying narrative some call it a myth of American Foreign policy is the countrys exceptional position on the world stage this is the artistic consensus the lumber reality is very different the Global Pandemic has demonstrated the u. S. Should focus on its own exceptional problems. Yes. Done which is dead Warren Buffett the extortionist private equity job is reported Game Changing record breaking losses as Berkshire Hathaway is all the company goes belly up. Is youll be a reflection of reality. In the world transformed. What will make you feel safe. Salacious community. Are you going the right way or are you being. Direct. What is true. Is. In the world corrupted you need to descend. To join us in the depths. Or a maybe in the shallows. The i. M. F. And others predict a global recession while the un estimates worldwide income losses of 2 trillion dollars a growing number of companies will file for bankruptcy weve already seen quite a few here in the United States and w