the latest data from china shows a decline in new cases of the coronavirus 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 had now been 2 cases where patients show 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 china's 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 $1700000.00 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 will fall further and therefore will fall through the $50.00 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 and will facility space in south korea to the to the millions of barrels of oil that they're storing on that oil will eventually rise and i believe that they're right now sean 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 a patient 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 san 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. you know 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 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's 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 to 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 lockdown but not everything on china country is as strict as china in times that 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 ebola 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 has 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 know sean i'm going to transition a look at the global economy in this respect now the debbie rowe announced on monday that global growth is likely to remain weak in 2020 now the goods trade indicator fell to 95.5 indicating trade growth below medium term trends now what's alarming is that this new figure does not take into account what is happening with the current 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 unwinds 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 $2.00 to $3.00 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 that as you just mentioned we do have this scenario where we have kind of have this perfect storm kind of growing but in the meantime their central 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 aware that obviously a flash crash and when it comes it comes very suddenly without warning. i think you can be very severe and that 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 crashes really if you look at that way and the central

banks couldn't do anything about that then or else they would have a very sudden without any warning so this kind of have to be vigilant about that john hyman 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 the embassador 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 wall 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. and 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 it's 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 while way 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 what way 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 with 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 up 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 $5.00 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 weight is anywhere from 20 to 30 percent cheaper than its rivals so it's much less expensive and then thirdly you have while way 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 costs now we also have 510 year a spokesperson by the tide of ministry of foreign affairs correspondent to comment pointing out the obvious hypocrisy in the statement i referred to the tapping of german chancellor angela merkel of i phone so does the u.s. past record spy 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 of 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. no 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 encrypted devices that the cia was actually funding 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. and actually also in munich you you brought this up just a minute ago but i actually want to play this clip of nancy pelosi she spoke on the issue on sunday in germany about why way listen to this. it's values this is there

any changes this is that changing on top of the sea of japan to the sea and he's a 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 mention that i was at the information superhighway she brought back i'm not a percent positive there but but either way i mean what 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 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 be back after the quick break. and now time for a quick break but hang here because when we return amid rising through neon year out

facebook's head mark zuckerberg is meeting with the e.u. regulators so could this have an impact on legislation. well being back on the other side of the break. i can't show you my face but i'm going to teach you must door in 9093 this man was sentenced to death. they get 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 that week with the scent of a $23.00. i felt that i deserved to be. confined within 4 green walls the phone it's using. turn on to help him to leave things room. we're still in an era

of resource colonialism again this is a big risk and the one big thing that could really inhibit the kind of electric vehicle revolution that a lot of us want to see is if we can't resource the battery components in a sustainable ethical way then it's not going to be a successful revolution. the russian state television propaganda machine propaganda outlet propaganda tools we are in an information war. we can change the world tomorrow. we send out you tube videos to the west russia today it's the longest network on mine.

brushes russia russia and russia. feel the fear that they will experience russia to live and i really have to put to sea you've been on our team. for are so proud and still. are just getting the number. why have you not shut down our t.v. on you tube it's a propaganda machine mr walker. welcome back it was on 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 the new tax 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 2021 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 used responsibility to adapt to facebook it is facebook's responsibility to adapt to new rules that is apparently the messaging coming from a short meeting on monday between facebook c.e.o. mark zuckerberg and the industry commissioner terry breton 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 for this company to adapt to us friend a former c.e.o. of french telecom provider orange and french technology company as i was told reporters after the meeting brad tows 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 very much help us find one so ben brennan essentially says 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 friend think that facebook isn't taking this role seriously. 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 founded 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 or hold internet companies responsibly for hate speech on its platform 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 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 of 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 in fact on companies like google who have made significant investments into a i you know so nervous i 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 when 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 cost to you as a tech company for had the 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 where 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 take companies do whatever they want and nobody challenges them in washington and that standard unless banks want thank you so much thank us. general motors says it will halt operation in australia and new zealand and will sell a plant located in thailand as a 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 buy 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 it ok to replying our seat when. sitting in 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 were a client for a seat after take off 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 then 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'll offer refunds 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 claim that she was slandered when a accuse 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 very mixed on this one i do admire a little bit of a waffler on the seat recline situation i am 6 for a man of tall stature so i do not like to get on a flight middle seat 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 fault of the person if they want to be cheap and pick a seat that has very little leg room and is back at the wall where he can't reply so sometimes you need those suits the choice of you booked late maybe you're not a person of means like you are christine. so i mean there are options that i think for the c.e.o. of delta be like that's our. get out of your you have been making seats smaller and smaller over the years i don't really need his input it in the situation i declare it's a courtesy thing between people i know in the end it should be the airlines ball and they should be the ones taking the blame for all of this not the bad where this time you can catch a boom bust on demand on a brand new possible t.v. ad available on smartphones or google play and the apple app store by searching parboil t.v. or stream us to your t.v. by downloading the horrible t.v. app on apple t.v. and online at marvel dot tv. devices and as always you can hit us up at youtube dot com slash. see you next time.

i 1st heard about. the cups of switching in iraq. i seem to don't actually call women in the u.s. military who have never forgiven for this guy's a traitor a treasonous and and he broke every law united states illegally shoots out of the us really the story to have. independent journalist with his. you is a lot of crimes and to a global audience. the idea of developing an anonymous. and applying it to a media organization is because he thinks that was a 1st. in the total interest i think that he would be for

a short while. and run one of the world's most. news organizations curiously founder julian assange. and there was a great deal of jealousy in the mainstream towards him why won't he be more like. yet you seem all smeared feces on the walls. 6 months. 6 clips we have julian assange in solitary confinement in the prison for terrorists a way to not have a live person. i don't want to see him die in the u.s. prison. and i think that's what he's facing.

just. to. put. it. to. you. to. see. what politicians to do something to. put themselves on the line to get accepted or rejected. so when you want to be president or injury. or something i want to press . it to the right to be prosperous like the flag tree in the morning can't be good that i'm interested always in the waters of our. first sitting.

close. by. 3. day we stand before a store in your room. above.

earth because here. waiting to be reached. turkish airlines. some of this prime minister just in an emergency meeting is activists shut down major rail lines throughout the country. gas pipeline on indigenous land. clearing forest land for its 1st european car and plans critics warning that modern supposedly green companies are nothing of the car. so the u.s. takes a rare trip to africa in a bid to dislodge china's economic dominance but these words stand in marked contrast to washington's actions on the continent.