and. in promoting international competition we have reported to the chill and from the very beginning of all the relevant to the information seeking. guidance meanwhile the united kingdom has reported the 1st 2 cases of the krona virus in their country as did russia. diagnosed 2 patients with a new corona virus in the russian territory of the bike lie in the region. of the patients are isolated and just under strict surveillance they are receiving necessary medical help both patients are chinese citizens. in an effort to fight the spread of the virus singapore's health ministry has banned entry of all chinese visitors and those who have recently traveled to china and mongolia will also close all ports of entry to and from china and till march 2nd now as we've

previously reporter reported airlines have also suspended the reduced trips and out of the country the airlines on that list now include singapore airlines american delta cathay pacific thin air and turkish airlines the head of the allied pilots association which represents american airlines pilots also suggested their pilots of u.s. china flights should decline the assignment to err on the caution side now joining us now to start the story is she chen an assistant professor at the university school of public health professor thank you so much for joining us today i want to start really asking let's talk about the importance of the travel in this situation when we're facing something like this a global health emergency how crucial is cutting off travel to and from the source . you know that will be very important to curb all contain the disease spreading so this is a very important. years to think about. 515

. residents in a problem that's where a similar mechanism to cut the travel down the. mobility and recent evidence shows that the lockdown really taking you for hours the reduce the country shows feature of this disease so the international trade. a national travel card down where maine also have similarly fat but that we have also to make sure this is evidence based is not only based on panic because this is exactly what. director general mentioned that with this emergency declare ration and the countries should not. human travels only because of a penny should be evidence based so they do not recommend a substantial cut down of the troubles now going back to the w.h.o. decision and you mention the right there to meet this

a global emergency what does that do to the situation how important is it for them to actually recognize this as an emergency. i think this is a crucial step towards to allow and see it as a global emergency previously only restricted to trying to now we see more and more evidence is spreading to 5. regions and these are human to human transmission multiple countries others in china and it's a fact team those small countries much more so that's why i think is this a long time and this emergency declaration is more important to those smaller countries who are wary of one or a ball in their house system response so called a nation where have those small countries well now you're saying is the coronation of these small countries but it's also happening here in the united states where we're seeing the person to person transmission of the virus how how are experts

going to deal with their spread of the virus what are the steps that they're looking to counter the virus with if any. yeah so account of. being the local community many us it is the rank this as a minimal risk so they are keep watching and the monitoring that situation i was over there is human to human transmission by the u.s. house care system is much more prepared and they have a feel cases to star ways so it's not nothing like the china's health care system started with a world crowded or a stretch to warn him of work here but the u.s. is more prepared so but i think what's worrisome is according to the u.s. c.d.c. there is symptomatic transmission so people without developing symptom but they already transmeta those wires you know and i want to bring something up because you actually talk about the readiness of the u.s. system versus the chinese system now we had

a guest earlier this week who has been following the situation he insinuated that the data coming out of china may not be entirely accurate when you take a listen to this. and here's the logic. behind the city 11000000 people it has at least 49000 hospital beds in it and we've all seen the videos of want to meeting rooms are people being sick in hallways that this is a medical system that's on the verge of being overwhelmed or has been overwhelmed listen if you have 2000 cases at the time the reporting is overwhelming you have about a 10 percent serious complication rate that means 200 people are in need of serious or i.c.u. bed care that's not sufficient to swamp a city with 49000 hospital beds so my rough estimate is i think it's off by an order of magnitude but that's just guesswork i guess it just doesn't make sense to me to think that they got swamped by 2000 cases now china is working closely with the international community on this and what you actually just said is their system is it ready for this their system is already kind of overwhelmed prior to this so

is his claim actually inaccurate based on what you just told us. yeah bird flu and beginning the local government had the incentive to cover up but after the central government stepped in the quickly share the gene sequence ride with the international community and the with the with the emergency at the global level there is no incentive and no mechanism to cover up because that requires the information sharing even more transparent i think or what could happen is something mentioned the by the last speaker is. the capacity of the local health care system restricted the. ability to measure it very precisely for example patients could die at home without having the chance to seek care in the hospital because there's a long line in the hospital and the care system is not a beaut and also all patients of. hospital even.

are suspected the cases might not come for him so they have to be come form the case and by then there will be counted as the deaths and i sing to the local capacities is that indeed you sure we are very much concerned about but there should be no purpose for. incentive to cover up at this moment well hopefully they will find a solution to this. which is spreading quicker than we expected and again causing panic to people globally assistant professor at the university school of public health he chana thank you so much for your insight on this. sensible hammy. and on the economic front of the coronavirus china's national bureau of statistics said it will need more time to truly see the financial impact in reporting that the country's purchasing managers index or p.m.i. dropped by 50.0 for the month of january from $50.00 over the last 2 months of the

$2918.00 the n.b.s. warned that the survey had been taken prior to january 20th so it did not account for the coronavirus in a statement announcing the p.m.i. numbers the n.b.s. said the impact of pneumonia caused by the new coronavirus has not yet been fully manifested future trends will see if need further observation chinese manufacturing is currently mostly shut down due to the new year celebrations in the country but workers were planning to get back to work as early as next week now authorities have called on many businesses in certain regions of the country to remain shuttered longer in an effort to contend contain the spread of the disease now here in the u.s. the markets have fallen due to the continued coronavirus news headline by a more than $500.00 point fall in the down jones industrial average and for more on exactly this we are broad we're going to bring in peter schiff c.e.o. of euro pacific capital peter there you so much for joining us today i want to start off by hitting on the u.s. markets taking a dive friday due to concerns over the coronavirus and we talked about the dow but

actually all markets are down more than one percent really close to 2 percent now is this all about speculation is it a correction of the big gains we've seen recently or is it something else altogether. well 1st of all the coronavirus this is the excuse for the market going down it is not the cause remember investors had been buying u.s. stocks or global stocks for months in anticipation of the u.s. china trade deal so once that deal was signed the market was very vulnerable to sell on the news and so it wasn't a coronavirus it would have been something else the market was poised for a decline and now that's what it's. i mean we're also seeing the concern over chinese manufacturing picking back up after the new year celebrations that are in the books are we going to see a drag on the chinese economy in the coming months you said this was something that was expected and how is this going to affect companies that rely on china's

manufacturing base. well it certainly could i mean will it remains to be seen just how big a drag it's going to be but again i think that there are much bigger problems out there than the coronavirus and so investors who think that that's what this is about they think it's no big deal because the virus will probably be contained it's probably being overblown and maybe it is but simply containing that virus is not going to restore health to the stock market the stock market could be headed a lot lower and people could be very complacent about this decline because they are tributary it to a cause that is not really driving the movement i mean peter it appears that we're seeing this over and over again i mean it's almost like politics is the way the markets reacted things because it's crisis to crisis it was a trade crisis it's foreign policy crisis now it's a health crisis so i mean is this just the way the markets work though it's purely speculation we have to find a reason to throw all our money in and get it out. well the market's going up

because of the fed and i'm sure if it weakens enough the fed will come in with more money printing another rate cut i mean look at the economic news today chicago p.m.i. the weakest in almost 5 years you know we're now down 7 consecutive months in contraction territory that never happens in less we're in a recession yet they're trying to tell us we have a great economy look at the retailers other than amazon which was up today the whole retail space is getting slaughtered look at some of these stocks today down 6789 percent the x r t which is their index of retailers is down i think 6 and a half percent in the month of january if the consumer is so strong why are all these retailers collapsing i want to ask you this though on that theme no during an interview with fox business the u.s. commerce secretary wilbur ross was speaking about the virus saying that quote i don't want to talk about a victory lap over a very unfortunate very malignant the the fact is it does give business yet another

thing to consider when they go through their review of their supply chain so i think it will help to accelerate the return of jobs to north america what do you make of this comment is there any truth to it. no i think it's wishful thinking in fact i think businesses are going to really have to consider the added risks of moving any jobs back to the united states because there is a pretty good chance that bernie sanders is going to be the next president and that is going to be a very hostile environment to u.s. businesses so they should get as far away from the u.s. as possible. and i got the read me question of the day from my and my friend peter schiff here gold prices in their highest level since 2013 of the coronavirus feeds the need for some type of safe haven investment honestly can you break it down for you why does this type of global health crisis push up the demand for gold. well a goal was going up anyway again gold was going to go up regardless of the coronavirus that is not why gold is going up it's

a safe haven from central banks from the fed from money printing from inflation you know the price of gold finished the month of january up $4.00 and a half percent right it's beating the you know the dow the s. and p. were down i mean the russell 2000 was the weakest of the major indexes and that's the one that's most correlated with the u.s. economy but what's interesting about this gold rally the last time gold was this strong to january was 2017 it was up 5 and a half percent in january but in that january gold stocks are on fire the g.d. x.j. which is the index of junior gold miners was up 20 percent in january in 2017 this january the index was down almost 2 percent so investors are not bullish at all despite the fact that gold keeps hitting new highs i think this is a screaming buy this market is climbing the wall of worry gold is going much higher and gold stocks are fantastic by peter schiff never going to not say it but gold is a fantastic euro pacific capital and i just i fear time today. here at the.

meanwhile on to some good news in amazon's stock market as the e-commerce giant reports some big earnings now crossing the one trillion dollar value this comes after their blow our innings report for its 4th quarter and 2019 reaching the trillion dollar market cap amazon shares hit a new all time intraday high on friday rising more than 1.2 percent just in early trading later up to 11 percent of the e-commerce giant also announced and now has over 150000000 amazon prime members globally and they saw growth with huge sales during its holiday season but amazon now joins apple alphabet and microsoft the tech giants who have also reached the one trillion dollar value meanwhile its

largest competitor chinese e-commerce giant ali baba says that its production and shipments may face added delays this is according to are affected by the coronavirus billionaire and co-founder jack small also pledged 14.5 $1000000.00 to fight the outbreak i mean it's fascinating in a week that we talk about you know a global market meltdown almost as we look at things and amazon has really propped things up and luckily and we're going to talk about this coming up after our next break but the markets are actually pushed up by these earnings and they really aren't amazon isn't hurting at least one bit i mean people are still buying people are still shopping even when people are saying oh we're close to a recession this holiday spending may not be as high as other holidays but i mean yes so you can go much for the people are going to spend as much this holiday season for sure right well we'll see we'll see what happens next year time now for a pause a quick break but hang tight because on the other side of the break global markets have begun to cool amid the spread of the throne a virus we take

a big picture look around the world to see how they have reacted plus the day it's finally here the united kingdom is now on the edge of its departure from the european union but after the long awaited break what will it. relationally. and as we go to break here are the number of. live. television propaganda machine propaganda propaganda tools we are in an information .

that can change the world. the legal structure today it's a long. brush with russia russia russia. feel the fear that they will choose russia to live and i'm really happy to see you then on our team. were so proud and. are just going through a number of legs. why have you not shut down our t.v. on you tube it's a propaganda machine mr walker. trade

and investment of become magic spells to conjure economic development. most people think about trade they think about goods and services being exchanged between countries and the investor chopped or a trade agreement is about something very different but what when investment leads to toxic manufacturing that destroys sacred sites all ruins the environment. that means if local communities that are being poisoned if they object if they do anything that the company feels is interrupting their profits they can be sued now the nationals are taking on the whole nation philip morris is trying to use i.s.t.'s to stop oregon by implementing new tobacco regulations aimed at cutting domestic smoking rates a french company sued egypt because egypt raise its minimum wage to democratic

choice of a trump corporate law joining us as we try to find don't want to. is your media a reflection of reality. in the world transformed. what will make you feel safe from. the isolation for community. are you going the right way or are you being led somewhere. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or remain in the shallowness.

this week we're seeing another repeat of last week where markets continue to fall as a coronavirus continues to have an effect on global stocks 1st we start in russia where the ruble based mo x. was down hitting a 7 week low 8 this is despite rising oil prices and some gains during the week but it took a fall on friday as russia reported its 1st cases of the coronavirus then we go to asia where the shanghai actually remains closed for the chinese lunar new year holiday but it's already preparing for the reopening next week where it's taking some measures that were similar as to ones we've seen before they took nearly 2 decades ago during the sars outbreak then the hung song in hong kong also plummeted this week down 5 percent in just 2 days and it continued to fall this was as investors returned after 2 days of close over the lunar new year now over in japan

where the nikkei also taking a pretty steep turn before taking a big jump earlier on friday and then going back down to buy clothes now in india the sensex also on the decline it dropped 190 points just on the day indian markets have been volatile in the last few weeks this is as investors are keeping their eyes on tomorrow's big budget announcement meanwhile shares in australia took a steep fall while trying to recover throughout the week the a.s.x. was down or up rather point 13 percent on the day but they still felt throughout the week australian evacuees from china are being kept in quarantine for 2 weeks and finally we go to all shares in south africa that ended on a low this week as growth did not reach the expected points but on the positive gold stocks are doing pretty well in the end now over to brant for europe and the american thank you so much sir now starting in europe the markets are down a close the board starting with the character influence it is. down for the week

taking a big hit on friday down more than one percent and hitting 30 day lows now again much of this reacting to the coronavirus with retail tech and manufacturing stocks taking a hit due to concerns over chinese manufacturing due to that virus now in germany the dax is facing similar results falling more than one percent on friday alone the losses were headlined by volkswagen which fell more than 3 percent on the week transportation and pharmaceuticals fell heavily for the week in germany but on the bright side i saw some gains in the banking sector and in london the footsie following the trend closely down more than one percent on friday alone travel took a big toll on the footsie with british airways easyjet and carnival all posting substantial losses for the week now moving to south america in brazil but also down for the week after hitting record highs recently in fact this is the biggest weekly to count klein in more than 5 months beyond the obvious concerns over the coronavirus sluggish economic data and the brazilian rail hitting all time lows pushed markets down now heading north into north america the b.m.v.

in mexico is our 1st green arrow in western markets now the b.m.v. took advantage of president donald trump signing the u.s. m.c.a. at the white house which also helped the peso as well and now moving up the u.s. it's a bit of a mixed bag the s. and p. 500 and the tech heavy nasdaq were able to end the week up and while the new york stock exchange was not quite as lucky fears over the coronavirus and what it will do to the chinese economy and manufacturing playing a big role here on the negatives all of these indices dropped by nearly 2 percent on friday however with earnings being reported this week and those big numbers from the likes of amazon who are coming off the retail holiday season they were pushed things up and get some of those in the positive not on our board during our market walk the dow also took a big hit on friday and going up to the great white north in canada the toronto stock exchange is down mostly due to that coronavirus pushing oil prices down due to a lack of travel so that's what you're seeing there so that is your weekly market.

walk. and as the united kingdom of fish only leaves the european union friday the new bloc of just $27.00 nations will be looking to fill that void of $12000000000.00 euros per year which are generally contributed by great britain u.k. will continue to send funds to the e.u. in 2020 due to the bridge that agreement negotiated between the 2 parties speaking in brussels president of the european council charles michel made a point about keeping a tight relationship with the u.k. and working out a trade deal. on the negotiations which will begin with the united kingdom our intention is to carry things out with loyalty with the united kingdom as we have for the past 3 years and also to do it responsibly our message is very clear simple and strong the european union which is and wants to maintain the closest relationship possible with the united kingdom we must also be clear on the subject . meanwhile the euro zone has witnessed slow growth in the 4th quarter of 2019

expanding by just point one percent and set of the expected point 2 percent growth in the block fell to a fix here low of just 1.2 percent and 2019 and inflation in the euro zone ticked up just 110th of a percent to $1.00 but well below the target a placement rate of 2 percent. and european plane maker airbus admitted it was guilty of making illicit payments to intermediaries around the world in order to win contracts the details of the allegations were unveiled friday and disclosed the playmaker plane maker reached a 4 $1000000000.00 settlement with the u.s. u.k. and french prosecutors airbus used an annual budget of about $300000000.00 to sway government officials and others to win business court documents revealed these illegal payments went to china south korea russia japan colombia and others now according to court documents that helped boost the company's profit by more than $1000000000.00 the chief compliance officer at airbus said of the situation airbus

is relieved to be here today after having had a rather painful past now earlier this week air bus had committed to settle the allegations prosecutors said the fine was cut in half due to airbus cooperation share buses or shares in air bus fell point 9 percent on the news but are still up over the past year the settlement ends a 4 year investigation for the french based company. and finally today your friendly neighborhood spiderman will be swinging over disneyland new adventures campus coming to a california park this summer now according to a video posted by disney parks on friday the animatronic spiderman will web sling in the air over the attraction while doing flips and other superhero esque moves before disappearing below some buildings and out of sight now does the added that the fans will apparently be able to web sling alongside spider-man however it's not clear exactly how the. that's going to work and whether it's safe but those who

watched the disney plus series the imagineering story got a sneak peek at the development of spiting as they illustrated how disney's animatronic tack has evolved over the years spidey pretty fun not sure i would be willing to try it out but unfortunately that's it for this time you can watch boom bust on demand on the brand new portable t.v. app available on smartphones through google play and the apple app store by searching portable t.v. or stream us to your t.v. by downloading the portable t.v. app on apple t.v. and online at portable dot tv portable t.v. will be available on more devices soon see you next time. there's financial survival guide i don't buy any i'm on with you. almost slightly less and less some of my into the future so crocker was kaiser and

. i'm going to fulfill the repeated purposes probably to the people i'm come on you know we've all bots you're going to. be really really really. pretty good. that you want to work. no. for 5 the. they. are coming

coming coming. during the great depression which you must remember that it was most of the family were working. there wasn't it was bed you know much worse objectively today but there was an expectation that things were going to get better. there was a real sense of hope. there isn't today today's america where shape by the turn principles of concentration of wealth and power. reduced democracy attack solo duo engineer election manufacture consent and other principles according to. one set of rules for the rich. that's what happens when you put her into the. narrows. will switch who is dedicated to increasing power for chills just as you'd expect one of the most

influential intellectuals of our time speaks about the modern civilization of america. the president of the palestinian authority suspends all ties with the united states and head response to donald trump's middle east described by palestinians as the slap of the century. after 47 years the united came to moxon historic day cutting ties with the e.u. as breck's it officially comes into effect but the road ahead for britain is still a long. and the us democrats are not backing gets a new witnesses to start in the donald trump impeachment trial it means a final vote on the president's time in the oval office is expected next week.