market by offering $29000000000.00 a one year medium term loans and cutting interest rates to reduce funding costs so across equities investors are now relying on supporters' central banks to backstop the market even in the face of weaker economic growth the latest data from china shows a decline in new cases of corona virus infection but there's also new data now confirming that the incubation period may be longer than the 14 days of what doctors previously thought there have now been 2 cases where a patient shows symptoms 34 days later and 94 daters later and infecting many around him unknowingly africa has now reported its 1st case of corona monday as a w.h.o. is launching more than 80 clinical trials to find a cure and now to give us the latest on how markets are reacting we welcome back shawn hyman editor of logical investor so shawn some analysts are saying that this outlook right now is way too pessimistic and that chinese economic stimulus measures could lead to a global recovery especially in oil demand and there's also the hope that opec will

also cut supply again by 1700000 barrels per day though any decision made was obviously take time to implement so where do you think this equilibrium is at and have we reached a bottom or is this still more room to fall for oil prices. it's possible that there's more room to fall if opec and plus russia doesn't actually end up coming through with those supply cuts if they don't then you could see oil fall further and if oil falls through the 50 $1.00 to $55.00 area i think in the near term you're going to see a lot of traders get on short and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know running supertankers in. a facility space in south korea to the tune of millions of barrels of oil that they're storing on bets that oil will eventually rise and i believe that they're right. are we still looking at a chance that chinese oil storage capacity could actually run out and oil prices

overshoot even more to the downside. it's possible they don't really publish their numbers officially but from what i gather there's about 400000000 barrels that they've already got in capacity that are that used and they've got about another 100000000 still to go so they get about 20 percent for my estimation of what they've got left the good thing is that some chinese companies some refineries that are not state owned are going in and buying up cheap oil right now while these prices are so low and these traders i mentioned earlier coming in and buying right now and it's way short of eventual higher prices so that's that's the good part now we've been following reports of the princess cruise ship that is currently quarantine in japan right now and we've had reports out this morning sand 14 americans tested positive but were asymptomatic so they were deemed ok to evacuate and travel now later and this afternoon the number has ballooned to 44 americans so what's the latest there and what's going to happen to those people. yes so you've got over 3000 people of which at least 2200 of them or in the process of coming

back now and so you've got them coming back on planes you know tight confined spaces going out to 40 countries at least and and again we don't know you know they have been quarantined for a couple weeks and some of these countries would usually quarantine people for another 2 weeks which i think is a good safeguard but like you said earlier in the broadcast you know there have been cases 34 days out 94 days out where there are still cases happening so if you can imagine just a handful of cases in 40 countries or 30 countries you know it could still become from you know more epidemic proportions the pandemic if things weren't squelched and you think that the outbreak will will actually balloon further once they actually reach their respective countries because as you know china has been on a very tight lockout but not everything on china country is as strict as china and times are quarantine process so in the case that these americans get evacuate and these europeans get evacuated could they actually just spread the disease further in their own countries. they absolutely could and one of my biggest concerns is africa because they haven't really gotten on to you know it all and different

things like that that they've had in the past so quickly and it took them quite a while before they were really able to get that snuffed out and even some of that is reemerge in more recent times so there have been a case reported there so that some of my concern there as well hopefully it turns out much better than we think but absolutely it's a possibility. i want to transition to looking at the global economy in this respect now the debate here oh announced on monday that global growth is likely to remain weak in 2020 now the goods trade indicator fell to $95.00 indicating trade growth low medium term trends now what's alarming is that this new figure does not take into account what is happening with the crow outbreak which could dampen trade prospects further is this the catalyst that will actually send the world into this global recession which we've actually been talking about for the last 6 to 9 to maybe even 12 months. so my concern this time around is a little bit different from previous times usually you've got one main catalyst

that spurs everything and you still could have that this time but you've also got you know a slowing global economy you've got an overvalued dollar you've got the coronavirus you could have this you know intersection of several different things that really creates you know some temporary chaos that unwind you know the markets you know over the next year or so so that is one of the risks that's definitely out there the good side of it is gilliatt is working on something a treatment that could be released anywhere from the end of the month to even 2 to 3 weeks from now and so that is one positive so if they can get their handle on this and get it treated fairly soon then that is a positive so as you just mentioned we do have this scenario where we have had this perfect storm kind of growing but in the meantime their central in the worldwide central banks are all being very supportive so if we do have some of the downturn will it be gradual or will it be like what we've seen previously in history where there is obviously a flash crash and when it comes it comes very suddenly without warning. i think you can be very severe and you've got a lot of people on margin a lot of people thinking that the stock markets are one way bad and there's this

belief now that the central bank can prevent any any downturn so just by every dip and that's not the case i mean you look at 2008 in 2000 those were 40 to 60 percent corrections in the market crash is really if you look at that way and the central banks couldn't do anything about that then or else they would have very sudden without any warning so this kind of have to be vigilant about that john heilemann of the logic there thank you so much for attack you. and the u.s. ambassador to germany on sunday issued a warning to nations who use quote untrustworthy and quote telecom tech in their 5 g. infrastructure saying it could affect intelligence sharing now ambassador richard grinnell tweeted that he had just received a call from president donald trump aboard air force one and was instructed to make clear that any nation who chooses to use an untrustworthy 5 g. vendor will jeopardize our ability to share intelligence and information at the

highest level now clearly the ambassador is referencing the use of chinese giant wild ways equipment in the implementation of 5 g. in europe specifically germany which has yet to decide whether to ban the company now the u.s. attempted to play similar pressure on the united kingdom however the country decided to allow use of weiwei equipment in a limited capacity last week you will remember the u.s. prosecutor in the u.s. prosecutors brought additional charges against wall way saying the company conspired and use deception to steal trade secrets and u.s. technology charges also accused 2 u.s. based obsidian of weiwei with conspiracy to commit racketeering. for more on this we welcome in investigative journalist and boom bust host ben swan ben thank you so much for joining us today now if it clear that ambassador goodell is referencing the 5 eyes intelligence sharing and his tweet us defense secretary marc asper also shared similar concerns while in the at the munich security conference over the weekend saying it could put nato at risk the use of weiwei what do we need to know

about how this all relates to this chinese telecom giant well i think at the end of the day what we're seeing right now is this kind of consolidation of claims being made against weiwei all of them really coming from the u.s. and what's fascinating is it's coming from both sides of the political spectrum here you've got nancy pelosi making all these warnings about while they president has been doing it for months now so we see this kind of consolidating but what's not breaking through over in germany in the u.k. in other countries as well is the realization that they have to do what the u.s. is saying or that europe has to run away from while we look when these countries are looking at doing 5 g. build out because that's really what's at stake here they're trying to do 5 g. build out and what they find is that the cost to to really implement 5 g. across the nation is significantly higher than had been previously predicted that's the 1st problem the 2nd problem for that for these countries is that while way is

anywhere from 20 to 30 percent cheaper than its rivals so it's much less expensive and then thirdly you have weiwei having already in the past built out a lot of the infrastructure for telecommunications in these countries so if the u.k. or germany were to follow what the u.s. a saying not only would they have to be delayed in building out their 5 g. infrastructure not only would they have to spend substantially more than they had already planned to spend but they would also have to go back and remove from their telecom infrastructure work that while we have done in the past which means further delays and even higher cost. now we also have $510.00 young a spokesperson by the tide of ministry of foreign affairs correspondent with comments pointing out the obvious hypocrisy in a statement i return to the tapping of german chancellor angela merkel of i phone so does the u.s. past record spying on foreign leaders put them in kind of a tough spot when trying to take the moral high ground here i think it absolutely does kristie i think that is exactly the problem that the u.s.

has when he goes around the world waving this flag and saying look out look out the chinese are trying to spy on you when we know that the u.s. hasn't just been spying in the past that continues to actively spy every spy apparatus in the world that has been used with any success from the 1950 s. until present day the u.s. has led the world in that development as we talked about last week the story that broke about the encryption devices that the cia was actually funding and and selling to governments around the world who thought they had legitimate and that wasn't just hostile governments those were also allies of the united states including germany and then of course the example that you gave a minute ago which is that we know that as recently as just a few years ago that the n.s.a. had actually tapped the cell phone of angela merkel and they were listening to our phone calls in that is so enormously problematic when you now go to germany and say do you want to trust the chinese because they're going to be listening when we know

the u.s. is listening so for those countries they're saying if the u.s. is going to listen i mean is it really a problem that china is listening as well. actually also in munich you you brought this up just a minute ago but i actually want to play this clip of she spoke on the issue on sunday in germany about why way listen to this. values this is there any changes this is that choosing on top of the sea of japan of the sea when he's nation hungry it's about. putting the state police in the pocket of every consumer and these countries because of the chinese way that's right ben she did better than i was at the information superhighway she brought back i'm not percent positive there but but either way i mean we look at this what should we make of this type of rare bipartisanship support in the criticism of wall way are these 2 sides can't come together on anything yet while way is the common ground here. the common

ground is chinese are bad the chinese government is listening and i love how she says this would be an autocracy not a democracy and so where it went is nancy pelosi or president trump now for trump's sake if he is a guy who loves government control and listen we know that but nancy pelosi who pretends that she's warning about you know essentially state police being able to listen in on this so when is she ever stood up about the n.s.a. doing this or the fact that bill barr the current acting attorney general is demanding that companies like apple and facebook do away with encrypted and must implement back doors and i would remind viewers that when the u.s. government sits right now complaining that while we had access to back doors for law enforcement the reason they had access to back doors was because those 'd back doors were put in because the u.s. government insisted that they be there they wouldn't have even had back doors in existence had it not been for the u.s.

government bents one host of boom bust thanks for your input here but i want you to stay right there because i was going to have you back after the quick break. and now time for a quick break but hang here because when we return amid rising through neon you're out facebook's head mark zuckerberg meeting with the regulators so could this have an impact on legislation going forward will be back on the other side of the break . you. really. think it's going to. be you're going to be.

relieved. so what we've got to do is identify the threats that we have it's crazy going from day shouldn't let it be an arms race in this on off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. is your media a reflection of reality. in the world transformed. what will make you feel safe. isolation little community. are you going the right way or are you being

led so. directly. what is true what is great. in a world corrupted you need to descend. to join us in the depths. of the shallowness.

welcome back amazon and wal-mart's flipkart have found allies in fighting a proposed tax in india which would hit 3rd party sellers on their platforms as we previously reported online retailers will face a one percent tax on each sale made by 3rd party sellers on their sites beginning in april so the new text would still need approval from the country's parliament now according to a report from reuters the federation of indian chambers of commerce and industry is preparing a presentation for the government which states the tax would cause irreparable loss to the entire industry with increased compliance burden this will also lead to

reduced trading activity now also according to reuters another group the us india strategic partnership forum is simply asking for the tax to be delayed until april 1st of 2020 would the government is pursuing the plan to increase tax revenues and fight back against an economic slowdown brought on by weakening weakening consumer demand. it is not the e.u.'s responsibility to adopt facebook it is facebook's responsibility to adapt to e.u. rules that is apparently the messaging coming from a short meeting on monday between facebook c.e.o. mark zuckerberg and that you industry commissioner bratton friend says that so far the social media giant proposed internet rules are insufficient he said quote it's not for us to adapt to this company it's where this company to adapt to us run a former c.e.o. of french telecom provider orange and french technology company told reporters after the meeting brad has also said that he would like to decide by the end of the year whether or not to adopt tough rules as part of the digital services act to regulate online platforms so now joining us again from atlanta is. one so

brenda essentially said that facebook maybe more so than most other social media tech companies has a responsibility to control what is on their platform so why does britain think that. facebook isn't taking this welfare say. well i think because facebook is not taken seriously look as you know you guys know i am not a big defender of facebook in this rare instance i would say that facebook is in an interesting situation because certainly the way the e.u. views the role of the kind of role of social media companies and the way that they're viewed here in the u.s. which is where almost all of them have been found at least you know when we're talking about google and we're talking about facebook and apple those companies when they're here in the u.s. they have a very different view of what their responsibility is within kind of the marketplace of ideas and so what i think the e.u. is looking at is saying look we believe that you need to crackdown and control your platform you need to know exactly what's happening with that who's on it ban people

at any any time it's necessary and i think what they spoke of lean back on is saying hey we shouldn't have to be so heavily controlled the problem is is that zuckerberg kind of rose people the wrong way in his approach to it because he essentially said we don't really need to do anything and you need to trust us because we're the innovators and about how much of this debate over whether you're hold internet companies responsibly for hate speech on its platform or how much of that plays a role there. i think that's a lot of it is this idea of hate speech threatening speech remember that when we're talking about the e.u. the e.u. has a very different view of what constitutes hate speech and whether or not speech is even protected if you go into europe in many countries speech is not a protected thing in canada it's not protected so this idea in the united states that we have this constitutional protection this this human right of speech that exists within our society and we kind of edge here to this belief system now let's

not be kidding ourselves facebook and mark zuckerberg do not believe in free speech for everyone but certainly their view of it would be certainly more liberal than it is in europe where they believe that you know if in offending people. no offensive speech is even hate speech so i think that there's going to be a lot of clash between these 2 forces because the e.u. is going to say we like the fact that you're collecting data we like the fact that you're gathering information on lots of people but you need to have control over those people and that's not a very american at least kind of point of view now the other part of this discussion is also over the use of ai technology to how much of an empath all those new policies have on big tech. well what we're going to find out this week i would imagine by wednesday or so is what some of these kind of preliminary ideas are for big tech and among them is a i in the rules for ai that will affect facebook to an extent but it's going to really have an impact a much larger and fact on companies like google who have made significant

investments into ai and you know so nervous shy guys he goes around the world he's kind of on this tour right now going around the world talking about ai and how google thinks it's so important to have you know ethics and rules attached to it but it's because what these what these tech companies have been trying to do was get out ahead of it so that they can write the regulation and they can create the process by which they say this is acceptable and this is not so that it all fits into their frameworks and where you're going to see it clashes with the e.u. says no you don't get to write the rules for ai when you're the one who's deciding what ai is and therefore how to use. quickly how much of this is just about are these big tech companies actually more likely to to adhere to these these demands when it comes to or or hate speech in just an effort to you know avoid digital taxes that are going on in the e.u. as well. yeah well i mean that's part of it as well and that's part of this whole discussion if you don't play it nice with us one thing that the e.u.

can do is try to impose these digital taxes we know a lot of countries want to do with either way and so ultimately what the u.s. to figure out is you know what is going to be the costumer i mentioned data collection a minute ago what is going to be the cause. to you as a tech company for having data collection on our citizens and then those companies say hey if we do what we're supposed to do we play nice with politicians will you lean off the taxes so that's probably going to be somewhere in the middle that they find a kind of a balance between those 2 things what it means to play nice with the e.u. but also realize that unlike and maybe we'll find out i'm wrong about this but unlike in the u.s. they don't have as much control there over politicians as they have here because here tech companies do whatever they want and nobody challenges them in washington and they stand to analyze fenceline thank you so much. thanks guys. general motors says it will halt operation in australia new zealand and will sell a plant located in thailand as part of

a broader restructuring of their global business in leaving australia and new zealand the auto giant will retire the 160 year old holden brand g.m. added that china's great wall motors will by the time manufacturing facility and the company plans to stop selling chevrolet branded vehicles in thailand by the end of this year in speaking about the $1000000000.00 restructuring g.m. chair and c.e.o. mary barra said in a statement we are restructuring our international operations focusing on markets where we have the right strategies to drive robust returns and prioritizing global investments that will drive growth in the future of mobility especially in the areas of electric vehicles and autonomous vehicles g.m. has been leaving markets in which they have struggled to pick up market share including europe where it sold brands opel and vauxhall to peugeot in 2017. and now finally the great debate of the week is that ok to reply in your state when setting an economy now for those that don't know the full story passenger wendy

williams was on an american airlines flight and like a lot of us she required her seat after takeoff well apparently the man behind her didn't like that and decided to make it known by punching the back of her seat repeatedly now once or twice is pretty annoying but this goes on and on and on for what i assume was the entire flight so now this entire internet is apparently divided on reclining etiquette but delta c.e.o. at baskin decided to share his belief saying quote the proper thing to do is if you're going to recline into someone is that you ask if it's ok 1st and then you do it. so i have to ask really if you have to ask permission to recline why does a seat that you paid for have a recline button you pay a premium for the option to recline and it is literally a perk listed on the website of airlines so delta does that mean that if a person says no you offer relief. since you didn't get to enjoy the perks that you specifically paid for now in the latest williams is now threatening a defamation lawsuit against a crime in that she was slandered when

a accused her of being disruptive spilling a drink and when she refused to delete her video of the man punching her seat so now what do you think is it ok to recline now i am a very mixed on this one a little bit of a waffler on the seat recline situation 6 for a man of tall stature so i do not like to get on a flight middle c. and have somebody recline directly on me however at times i do like to do it as well but i try to keep in mind if i feel somebody like their needs are in the back of me or something like that i may just put it off for a little bit exactly so we all want the option to recline and we don't want to ask for permission so really it is the fall of the person if they want to be cheap and pick a seat that has very little leg room and his back against a wall where he can't reply sometimes you need those seats the choice of you booked late maybe you're not a person of means like you are christine. so i mean there are options but i think for the c.e.o. of delta be like that's optional get out of here you have been making seats smaller and smaller over the years i don't really need his input in the situation i do

actually it's a courtesy thing between people and he and it should be the airlines ball and they should be the ones taking the blame for all of this. so that's it for this time you can catch boom bust on demand on the brand new portable t.v. available on smartphones or google play and the apple app store by searching portable t.v. or stream us to your t.v. by downloading the form of t.v. ads on apple t.v. and online at marvel t.v. quality they will be available on mar devices very soon and as always you can hit us up at youtube dot com slash buba star to see you next. i 1st heard about wiki leaks. from the helicopter footage in iraq. i seem to down actually people who knew him in the

us military who have never forgiven for this guy's a traitor and treasonous and he has broken every law united states illegally shoots out of the us really historic to have. independent journalist a guy with his puter proceeding to see who is a lot of crimes and to a global audience. the idea of developing an anonymous digital top box and applying it to a media organization is because he takes that was the 1st. thing i didn't go to or interest i had 13 would be for a short while old friend in room one of the world's most powerful news organization furious and except for founder julian a song in the story of the film and there was a great deal of jealous in the mainstream towards sympathetic to why i wanted to be

more like all that you seem all seeing feces on the walls. smile. it's clear that. we have julian assange in solitary confinement in the prison for terrorists a way to keep the house alive in person. i don't see him dying me i pressed him. and i think that's what he's facing. i can't show you my face but i'm going to teach you must story in 9093 this man was sentenced to death. they could charged with capital murder even though he didn't have the gun didn't pull the trigger didn't intend to kill anybody imagine living in your bathroom for the week which is the end of the 23 years. i doubt that i deserved to be. confined within 4 gray

walls the fights he was in. turned on to help him to leave destroyed. the nobility of our faith or of the kind of good intentions revive the church or go to or in christening to and maybe even 40 years ago simply evaporate to see the game not see at the time the pleasure of the 5. you. only. good. thing is going to. leave. you.

believe the. kind of this prime minister justin trudeau calls an emergency meeting as accurate a shutdown major rail lines throughout the country are planned gas pipeline on and dead just land. also this hour in court orders tough to stop clearing forest land for its 1st european car and battery plants with critics warning. modern supposedly green companies are nothing of the kind. and the u.s. secretary of state takes a rare trip to africa and a bid to dislodge china's economic dominance but his warm words stand and marked contrast to washington's actions on the continent.