Discuss the plight of restaurants in the United States as they struggle to reopen it with a packed show today so lets dive right in. And we lead the program with the struggles of trying to return to some sort of normalcy amid the copen 1000 pandemic the Airline Industry worldwide has been decimated since the beginning of travel restrictions and stay at home orders but air travel has been steadily climbing over the last month and a half despite searches in cases of the virus in fact here in the United States over the 4th of july weekend more than 2 and a half 1000000 people travel by air but heres that issue according to figures provided by the Transportation Security Administration more than 1000 t. S. A. Employees have tested positive for covert 19 this accounts for roughly 2 percent of the t. S. A. Workforce now the agency says most of them are security workers who work in screen to screen passengers at airports across the country Heidrick Thomas the president of the union that represents these officers said of the situation right now were bring. People back to work and the social distance is not in total effect employees are still complaining theres too many of them in one area meanwhile the u. S. Hit another record for daily new cases with more than 60000 cases reported thursday and with all this in mind lets go ahead and take a global look at the spread of the virus with r. T. Correspondent saya tablature where are we worldwide brand again more grows as global cases now headed over 12200000 cases now global deaths were almost 600000 im going over to the u. S. Were now reaching over 3200000 cases and deaths in the u. S. 836000 once again the u. S. Has recorded like you said its 6 single day record in 10 days with over 61000 and new cases on thursday and florida are in arizona continue to be the epic centers of the pandemic now in Florida HealthOfficials Say on friday that they have reported as least 11433. 00 new cases and 93. 00 new deaths a day after setting and nother single day record of a 120 deaths now meanwhile earlier this week florida instructed that schools would be required to open for all time in the fall despite all the jumps and numbers that were seeing and also other hot spots the states hot spot i should say is still in Miami Dade County where the percent Positivity Rate of cases is over 33 percent earlier this week they were at over 23 percent now reaching all the way to 33 percent so huge jump from monday and brands its important to note that the medium age thats being tested positive right now in Miami Dade County has been 39 so the age group is going down so thats some sort of a good news i guess you can say meanwhile. Arizona still leading the nation for over a month with the highest 7 day average of a new cases and. As only the more bad news i should say for arizona they only have 993 hospitals left the hospital beds left the lowest number of available beds the state has seen so far and brad at least 6 other states that youre seeing year are also setting single day case records on thursday alabama. Jury montana oregon and texas all seeing huge increases and tennessee also reported its highest death total for a single day at 22. 00 and the numbers are also expect a striking in texas which set a record for the 4th consecutive day with more than 10900 new cases and 119 deaths brant sorrow when we go back to the global numbers what are the trends look like right now. Well looking globally cases are again once again soaring in brazil they now have over 1800000 cases now india as you can see theyre still also going up right here you know russia seems to be flattening a little bit with the average of cases being around the same as earlier this week iran is also showing a minor increase and the wrath of the rest of latin america were seeing hotspots remain to be mexico peru and colombia and chile all increasing around the same rate brant and speaking of where in america tell us about whats happening in bolivia so while bolivia seemed to be escaping the break that has affected neighboring brazil peru and chile but the pandemic is now beginning to quickly spread in bolivia and they have had over 43000 infections and over 1500 deaths and then there was another sign that the region is at the epic center of the global outbreak believe us president jean honest said thursday that she has tested positive for the corner virus the 2nd Line American leader this week you know it also just hasnt been latin american leaders now heres a list of all the leaders that have been infected with the corner virus anywhere from u. K. Leaders to the russian Prime Minister to israelis Health Minister to 2 very high iranian officials and also a strangely as Home Affairs Minister says you can see right here nobody is safe from this virus sprint archie correspondent thank you for keeping us up to date. And more than 4 1000000 d mortgages are in forbearance and are getting extensions of those initial 3 month player indicating that the pain in the market is not yet over this represents 7. 8 percent of all active mortgages here in the United States accounting for just under 900000000000. 00 in unpaid principle so lets go ahead and take a look at this and some other Economic News of the day with us cohost christiane. Always a pleasure to see you right there what does this mean for the market well its like you said the pain in the market is not over yet and in fact this is only the beginning because the market has been propped up this entire time by stimulus massive stimulus in the form of the care package that has allowed borrowers to miss Monthly Payments for up to 3 months but now that expire and p. P. P. Is expiring and when these artificial buoys go away people are left with real expenses real bills that Current Business operations just cant afford to pay so the expirations of these plans plus the expiration of the extended Unemployment Benefits at the end of this month present significant risk to the recovery of the entire Mortgage Market and will there be additional stimulus measures passed to support the market once these expire well many ellice believe that there will be another package simply because its too early for the life buoy is to go away once it expires in order to provide a last and a drop in the market president secretary treasury secretary has hinted that the trumpet ministration is working with the senate to pass a new bill this now supposedly will cover Unemployment Benefits a 2nd round of payments to household and an extension of Unemployment Benefits for furloughed workers and a targeted version of the p. P. P. For Small Businesses are currently an all out on the table theyre looking to try to pass this by the end of july as these Unemployment Benefits are near expirations and if there continues to be a last we can see a stall in this recovery you know weekly jobless claims were lower than expected last week totaling 1314000 compared to the expected 1300000 expected so its very close there but so weve seen this number fall for a few consecutive weeks now can we assume that the recovery is actually underway all the continuing claims have fallen sharply much faster than our ridgeley can anticipate a much faster than anyone expected but despite these better than expected numbers this is still the 15th can. Week that initial claims are above a 1000000 and claims under the pandemic unemployment assistance programs increased by 42000. 00 from the previous week now bringing the total of these committees claiming benefits to a record of 32900000 so theres still quite a long road ahead of us even if we say this is the beginning of their coverage of the beginning of the balance whatever you want to call it unemployment is in fact dropping from the pandemic high of 14. 7 percent to 11 point one which is still pretty high so the job market is still very far from being subtle especially when you have Companies LikeUnited Airlines just announcing that they are putting 36000. 00 workers on notice for potential layoffs so while we are starting to see a slew of bankruptcies and chapter 11 filing is also hit the deck those are not mom and pop shops those are in fact fortune 500 companies or companies over 15000000 in market cap filed for chapter 11 so that represents hundreds of thousands of jobs that are permanently gone so while we can say that we are in the early innings of our carry the high levels of initial jobless claims as well as the business closures are going to be very major headwinds Going Forward you know look at markets they could to be choppy in trading on friday but we still have some upside bias here what is could to do push it up despite the complete lack of catalyst in events i got 30 seconds left for you kristie it is going to be choppy trading and range bound in the interim as we go into the summer months but there is a slight bullish buys a mirror right there several factors continue to prop up the market namely the fed amazon and theres hope for a vaccine so today on friday we got the report from gilliatt saying that the vaccine could be ready by as soon as december so this reopening trade is fading and the rotation of high beta stock is also slowing down and in the near term its going to be difficult to find anything compelling so really the only thing thats going to be leading the market right now is going to be tech names as well as the fed. Thanks for your expert analysis thank you. Global markets are mixed this week as they continue to react to a resurgence of coronavirus cases worldwide lets start in russia where the mo x. Is down on the week the ruble fell on friday after some gains throughout the week due to a decrease in oil prices and concern over a renewed lockdown now something to keep an eye on is the Nation Central Bank data for balance of payments for the 2nd quarter of this year amid the height of the pandemic lets move to asian markets where the shanghai composite its in the green for the week with gains early on in the week due to chinas june inflation data chinas National Bureau of statistics showed the price index fell by 3 percent beating expectations and the composite saw a 2 percent loss on friday mostly attributed to the growing number of coronavirus cases worldwide in hong kong the hang seng finished the week up but just barely the index fell more than 2 percent mid afternoon on friday alone on the news that the Asian Financial hub will suspend all schools starting monday after a spike in covert 1000. 00 cases in japan the nikkei was down for the week following similar trends on friday it lost one percent taking a sharp downturn over. Concerns the sensex in india that is up on the week extending its 4 week gains despite some losses on friday indias richest banker and head of co Tech Mahindra bank he says it is the surplus of money and stimulus coming from Central Banks and the markets habit of discounting the immediate future which is pushing the sensex higher moving to australia the a. S. X. Is down this week and it fell really on sentiment it fell on friday largely largely due to Energy Stocks which fell nearly 2 percent and the all share in south africa thats up for the week after seeing some large gains midweek the index dipped on friday after the country reported their biggest one day spike in new coronavirus cases so lets go ahead and take a walk to the other side of the studio. And look at europe and the americas which is really on trend with the rest of the world when it comes to the mixture of green and red arrows that we are seeing in london the footsie is slightly down for the week but did see some gains on friday on the back of pharmaceutical and utility shares and the easing of lock down restrictions on indoor pools and gyms but still not enough to erase this weeks loss now the french cac and german dax theyre also in the red following similar sentiment french industrial output however did surpass expectations as they climbed 90. 6 percent in may and lets go ahead and cross over the atlantic to brazil where that it is also up on the week as many parts of the country have reopened despite a growing number of coronavirus cases the countrys inflation measured by i. P. C. A. Consumer price index rose 0. 26 percent in june lets move north to the b. M. V. In mexico its down for the week as Mexico Central Bank said the economic recovery is uncertain despite the countrys reopening and several important sectors like manufacturing coronavirus concerns are still lingering in mexico in the u. S. The dow just about flat the s. And p. Squeaked out a green arrow at the end of the day on friday even with fears of a virus resurgence while the tech heavy nasdaq is up hitting record highs on thursday and amazon rose to an all time high spiking 3. 3 percent on thursday alone alphabet googles Parent Company microsoft and apple all contributed to those gains as well finally in the great white north of toronto the key has the x. Is down for the week the Energy Sector lost 2 percent as crude oil dipped to their lowest closing of the month on thursday for next week were going to have to keep an eye out for a 2nd Quarter Results and the growing number of coronavirus cases worldwide and that is your Global Market walk. Time now for a quick break but hang here because when we return the restaurant sector has been pummeled in the wake of the cold 19 pandemic and now the industry is looking for government help to stay afloat straight ahead we bring in a true expert of the sector to break it all down as we go to break here the numbers of the close. We go to work. Straight home. I like it when the hosts ask a question for the guests and then actually listen to the guests answer and then react to that answer a folks Dennis Miller here got a new show. Oh yeah you know. Hes the relationship. Read out read i turn on the t. V. On the about the world whats happening around me i see shows on the screens but in last every day because the fake news narratives at a state lead to maybe ghoulish cluck build enough business with tom f. To barbara the fabric of globalism a caveman have plenty off that in this war but i found a network that open question science great crews out in space civil strife Climate Change stop all will be cool simplify lists all that mainstream wants to do was keep us cool like you watch those right you cant keep a silence critical poissy is cold perspective question inside direct we dont take sides we walk the walk our t. V. America of means real talk. You cannot be global with yeah you are. Im holland cook i invite you to climb with me above the main stream media mire and from that higher fan to glimpse the big picture question more. And welcome back here on boom bust we have discussed how nearly every sector of the economy has been hit by the copen 1000 pandemic one of the hardest hit sectors has been the Services Sector which here in the United States accounts for roughly 70 percent of jobs and one of the largest subsectors in that group has been the Food Service Industry which had lost nearly 50 percent of their workforce as their home orders forced their mostly Small Businesses to shut their doors now of course those numbers rebounded somewhat as states began to roll back these orders and enter into varying phases of reopening however as of june 24 percent of those restaurant employees while theyre still out of work and since we are facing recent spikes in cases of the virus florida and texas well theyve been forced to close bars again while new york city backtracked on plans to allow Indoor Dining since the start of the pandemic restaurants throughout the u. S. Have lost 120000000000. 00 in revenue that according to data from the National Restaurant association so lets dive into state of this industry with Andrew Zimmern for time James Beard Award winning t. V. Personality chef activist and creator host of m s n b cs what whats eating america now andrew we could obviously spend hours talking about just your resume its wonderful that a fair appreciate having you back on the show now we had you here i did just a few months ago at the height of the shutdown orders here in the states now how have things changed in the Restaurant Industry over those last 2 many months amid the pandemic. Well i think the biggest change is the one that sort of the most obvious that sadly many people sort of dance around which is that the pandemic is now at record numbers were higher significant totals in any statistic than we were in march and thats a Natural National disaster or global tragedy a national treasure. Judy so essentially what we have is a trolley problem that seems obvious to me the question being how can we justify being open for business when more people are getting sick we could if there was federal funding remember all of the states have eaten up root reserves and all the rest of that getting themselves ready to handle the pandemic acro