abounding after the worst weekend or week in a decade this is one business show you can't afford to miss. and i'm in washington . times. in the u.s. and chinese markets are on the rebound but the manufacturing sector has taken a hit with. the recovery effort plus some of the outbreak has played a major role in popular culture but now the platform is playing a key role in global health efforts we'll fill you in so much to get to on a very busy day so let's get started. the number of confirmed cases of the crow virus has increased more quickly outside of china than inside the country over the past week. and yesterday china reported to 206 cases. only 8 cases were reported outside who'll be cool beans just

a day. outside china totals 8779. 19 have been reported to. 61 countries the if you don't weeks in that he probably. eaten lead. and. it is concerned with the largest number of cases outside of china south korea has reported $26.00 deaths with nearly $4500.00 total cases and according to iranian officials deaths in the country due to the virus have risen to 66 on monday new cases of the virus in italy alone and jumped by 50 percent. these totality did the total number of people who are currently infected with coronaviruses 1577 of those 798 equal to pick you want percent total home isolation so they had no symptoms are asymptomatic absolutely mild very mild some. so there is no need for hospital

treatment $139.00 are hospitalized with symptoms of 41 percent of the total and $140.00 people equal to 9 percent of which $106.00 in liberty are in intensive care the european union commented on the situation announcing that on monday the risk level from the virus has risen. he c.d.c. has announced today that the risk level has risen from moderate to high people in the european union in other with the virus continues to spread worldwide there are now more than 90000 cases of the virus with just over 3000 deaths now we should know however more than half of the individuals who have reportedly been infected have recovered. meanwhile here in the u.s. officials are reporting 6 fatalities related to the virus and the 1st contraction in the country's largest city r.t. correspondent trinity charges has the latest the 1st case of the corona virus

confirmed here in new york the patient a woman in her thirty's who contract of the virus after traveling abroad in iran and although with the 1st confirmed case here in new york officials say it's not the last today concerns growing as the number of coronavirus cases across the country continues to rise seattle area officials now confirming 4 new patients have died from covert 19 bringing the total number of deaths in the u.s. to 6 this as new york officials confirm the 1st case of cold in 1000 in new york city the patient a 39 year old health care worker who is self quarantined in her manhattan apartment contracting the virus after traveling to iran there is no doubt that there will be more cases where we find people who test positive for washington state currently has 18 cases 14 of which are in king county where a nursing facility is now suspected of being the site of america's 1st outbreak of the new coronavirus washington now in. of emergency in the beginning stages of our

investigation and new details and information emerge over the next days and weeks and while rhode island and florida are also reporting cases the number of patients are growing in california and illinois now at least 95 cases in the u.s. and more than 89000 cases worldwide now travel center in the united states are facing new protocols all this as u.s. officials are increasing the travel advisory for italy and south korea to a level 4 which is the highest level now many are wondering if officials are going to place a travel advisory on domestic travel as well to stop the spread of those that leave iris reporting from boom bust trinity charters are to. the rumors of an emergency rate cut have grown louder as bloomberg reports the fed is now prepared to reduce interest rates later this month goldman sachs sees reductions tolling 50 bits my march 18th coming in tandem with cuts from the euro area canada and the u.k. we should point out that the last time an emergency cut was delivered and in tandem

was in january of 2008 the bare hope of a rate cut is giving the markets a boost as we popped up this morning up over 3 percent following the steep losses last week in spite of the horrible china economic data reported where manufacturing activity came in as the weakest level ever both china and the u.s. traded on monday as traders have been conditioned to buy on any weakness the shanghai composite closed up more than 3 percent on talk of opec supply because as factories start getting back to work japan stepped up as well with the b.o.j. aggressively by $926000000.00 worth a record amounts worth of japanese stock e.t.f. on monday to stabilize the market amid all the debt buying treasury yields are massively lower on the day as the 10 year hit a record low of 1.03 percent and gold caught a bid rebounding back above $600.00. and here to give us their take on the market outlook and how things are shaping up we bring in todd horwitz chief strategist of the betrayal and t.j. watkins director of stock at the. by trading salvo let's start off with the last

time we seen this coronated central bank after it was in 2008 but that still wasn't enough to hold back the crash and then subsequently the rest so will this just be a repeat is it still too little too late. thing more than a dead cat bounce today i think you already saw the fed is starting to panic when they came out friday afternoon and said that everything's ok you know every time something tells me everything's ok that means it's probably not they're going to probably cut $25.00 to $50.00 basis points and it's not going to be enough the markets are still overvalued and already seeing today is a giant dead kid pouncers they say a rip your face off rally this should probably fade and we will see a lower price once again i still think we'll take out the lows of last week and probably lower than that nothing is changed from the data you know of the bad made in fact in the bad numbers that are out there so again we've got a lot of issues out here and the fed is trying to catch up which is always the case

they always run behind which is why they always screw it up and now i want to follow up on that will cutting rates even do anything it won't help to insulate the u.s. economy from the negative effects of the outbreak and we just saw now the effects it's had on the chinese economy and how much that cost them if the u.s. prepared for the outbreak to hit. well i think the u.s. is going to be somewhat prepared and the rate cut is only making dollars cheaper which means it will benefit the very wealthy it will not benefit the air average guy in the street the average business street will not have any benefit from these already because they have no access to him so it's really more of a of a a mirage that you see when these rates get lower the endgame is is that the fed can afford to lower rates because of the worldwide and we're borrowing that money so we can pay less is still attract a lot of cash to put to borrow from them so i think that would be the only logic behind it but they're actually as usual they're panicking. when it's well to like

the system all right now to g.e. futures are implying a full 50 basis point cut by the u.s. fed but that seems really aggressive given drone policy reluctance and what's going to happen if the market only gets a 25 basis point cut will we start selling off all over again and see the exact same thing we saw last week. it is going to be challenging to figure out what the market's going to want to do i mean a $25.00 basis point cut is probably going to do something there's probably going to be a bounce but we need to figure out if the market's actually going to throw a bit of a hissy fit and didn't really like that it didn't get a full 50 basis point cut my concern though is that if we do get a 50 basis point cut then it might actually reinforce the panic situation for powell in the fed and so i think that they're probably going to be a little bit more measured and say hey i think we got this under control ok we'll cut a little bit but we don't want to give any panic signals by cutting 50 basis points but right now we have green arrows all across the board as like the market is

pretty much already pricing in that we are going to get a $50.00 basis point cut and so we're up over a 1000 points on the dow ready simply based on rumor and speculation alone so t.j. we have manufacturing data out now and in addition to china we actually have japan germany france italy and south korea all of them reported a contraction in output so the i.m.f. and the world bank are now ready to extend emergency financing in order to blunt the impact so well if something like that looks like. this kind of stuff is actually very concerning for me what i kind of look at this i just say that they're they're just having steroids to the situation or any time that there's a little bump in the road they're going to be throwing money at it as. i said earlier it's like well this doesn't necessarily affect the little guy on the streets or the manufacturing like we need to be better prepared for individuals for individual companies to to handle and weather situations like this they need to have their own plans in place for disruptions in product supply and there are.

there are downed lines and all that but when it comes to just throwing money at the economy and just putting money in the market i think it really misses the point and isn't going to really help us bring back any kind of structure i mean we need to take care of what this thing is and how it's affecting the mechanics of our economy and not just the financial side of it. now but in china they're also paying playing the bad news is good news narrative too with the awful manufacturing data traders are now expecting more fiscal spending by the government and more infrastructure spending how much longer can china sustain this for given all the measures it has already put into place as well as its widening fiscal gap that we're seeing right now. because soon there are you know they're already own 55 percent of the japanese stock market i mean you look at japan started this a 99 when they made the horrible decision to buy a pebble beach and well over paid for it they've been chasing that since 1989 here we are 30 years later and they're still in the same predicament so they keep buying

so i think this is if you want to lower your currency to 0 you could continue to pretend that you're monetizing the central banks and these entire systems are all i get a big mirage they don't do anything but destroy the wealth of the average guy they take everything away from the small guys because this one guy still got to go out and pay a ridiculous right so they could go ahead and do what they want to do but at the end of the day they're a better thing nobody but the very top end of the curve and that's just ridiculous so taking i we're getting overly bullish today and extending this rally on that step by the market is up over 3 percent now but the data release from both china and the u.s. they showed record lows so did we really bottom out or is there still more room to fall farther as more of a negative data gets released subsequently. one thing that i've been telling my subscribers this whole past week is just because they're moving averages or their support areas or there's price congestion doesn't mean anything when people hit the

eject button and want to get out of the market when prices go down they just blow through everything and i think this week has been a very clear indication and signal of that actually people are just watching that maybe for the 1st time because we've been in such a strong bull market for so long as far as today yeah i do think today is a bounce i prefer to usually look at and actually see if we retest some lows i wish i had my charts right here but i'm looking for price to get over the 15 minute 50 eventually the hourly 50 to use those support lines for moving averages and i want to see price actually come back down and if it's going to retest this low that we had from late last week i got to see a hold in order to go up and then we'll kind of reassess it from there everything just the 200 day. thank you both. thank you. and time now for a quick break here because when we return chinese markets are on the rebound but the manufacturing sector has taken a good due to the virus will break down the recovery effort. tick-tock has played

a major role in popular culture but now the playing the role in global health we'll fill you in today as we go to break here the numbers that close. you know we've talked a lot on the show many years about economy and currencies and what makes a currency usually what makes a currency is scarcity for example gold is

a currency it's money because it's scarce that's the primary reason people use it as money keynesian economics or socialism is usually a workable because the people who are organizing it think that well you can just print all the money you need you need a program print more money there's socialism for banks on wall street as was pointed out recently one of the big presidential debates you know a bank gets in trouble just print more money well what's the ultimate scarce commodity what is the ultimate scarce commodity you think about it what is the ultimate scarce commodity. thousands of american men and women choose to soon have in their country's military decision. every song came to a complete. the day that i was right. to hold a show about what they'd kill me and i see how would destroy. any screamed at me and he made me come in and he grabbed my arm and he write me. if you take into

account that women don't report because of the extreme retaliation and it's probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military is a very very traumatizing have happened but i've never seen trauma like i've seen women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished to be a friend and almost 10 year career which shows very invested in and i gave a sex offender who was not even going to justice or put on the registry this is simply an hour and violence male sexual predators for the large part of target whoever is there to prey upon whether that's men or women.

and welcome back the corona virus has caused a key metric for china's economy to drop to its weakest point since 2004 china's manufacturing purchasing managers' index fell to 35.7 in february according to data released by the national bureau of statistics on saturday this marks a steep decline for the world's 2nd largest economy which record a p.m.i. of 50 in january the country's non-manufacturing metric fell to 29.6 for february as well the lowest reading ever now the slide in p.m.i. is mostly attributed to the measures taken to control the spread of the virus including quarantines restrictions of travel and factory closures and to take a closer look at the state of the chinese economy and how it might rebound we are joined by. senior asia pacific international policy specialist with the institute for china american studies thank you so much for being here with us today well now we already anticipated a slowdown in the already and sustainable numbers we've seen in recent years out of

china but what does this used manufacturing slowdown mean for the country's economy when we look at it in regards to the coronavirus it means they've taken a very significant hit from the buyers in terms of economic activity we don't know how far. if they're going to have a v. ship rebound on aunt but at least they have taken a very very significant hit i think 1st quarter numbers will be very low and for the chinese government very varied in terms of employment related issues and in terms of this assamese getting access to finance the big guys can call paul there but although i mean most of the people who work in the in small and small and medium sized industries. firms on it's they're not they don't have access to money they don't and now china they have made some. significant efforts to try to stimulate the economy in recent weeks and the think we're lowering the cost of borrowing standing alone time on extending terms on non-performing loans the previously has also injected funds into the market and on the back of that the

market is over 3 percent bounce today on monday a lot so what else can they do in are just an idea economy and is that even sustainable are we going to see a recovery given all of this injection or are we looking at something that will take some time a couple quarters to get back on track they could do more if they wanted to but i don't think they want to go down that route you know they can goes up the property market that has it has been their goal to go to source to really boost the economy a kind of an automatic stabilizer for the economy but the chinese government consciously has moved away from that group model over the past couple of years and even to the depths of the recession that they had in the depths of the trade water that they had they did not stimulate the economy with their with those tools so i don't foresee them doing it even now they're a very their communication is still very focused on what it was and 2018 they need to take care of things like pollution anti-poverty and financial the risking and i

would also add out here that people kurds realize that the financial transmission mechanism doesn't work that well in china they can toss liquidity out into the markets it doesn't find its way to their semi's so you need much more targeted measures and they're trying to go down there and are really going to be waiting to see what actually happens with the virus how this all plays out whether it's eradicated in the next month 3 months or 6 months before they really can make those moves to stimulate the economy further yes up to a point but if you want some sources if you want stimulus you want it now because the economy is going to boom on its own down the line so this is the moment to do that but but but as i mentioned you know what what is a little not as well understood here is the chinese government has been very very focused on to containing this wires but. actually from our early february on with that became also very focused on the economic elements of the world a lot of very high level meetings on the how to manage the economic elements and

that's where getting money to as a means ensuring that it doesn't take that employment doesn't take a hit because people lose their jobs and just will not come back and small phones can hang on hang on for longer than 6 months without financing so they have been very very focused on this front and now you actually mentioned you know coming off of a trade war fight that they had you know united states and really we're still kind of there but we're we're moving to phase 2 but in phase one you know with what's happening with the coronavirus are we concerned about the force majeure clause being instituted because they can't keep up with all those buys that they promised whether it's agriculture goods or steel or whatever it might be. perhaps still a little early to say in this regard i think they would like to have 1st quarter data in of course they have february day time but they want to squeeze out a little longer to understand exactly the nature of the hit their economy is taken before actioning those provisions and it's also important to remember phase one

apart from the market purchases had a lot of other small targets which they needed to with the chinese side need to do in terms of its agricultural biotechnology approvals regime by this need this has to be done the strain that had to be done a lot of that is bureaucratic and regulatory and those things can be done it's just market purchases are being held back but at this point it's still early to actually activate that clause that would say and now to mention earlier we think more cases of the crab are buyers popping up outside of china than inside the country so with all the quarantine and travel restrictions being left dead what i hear about the situation with the virus inside of china well i would still say it's grim out there i think the government feels that they have by and large kind of got it under control so right now it's kind of it's the digging out stage there into that stage . but i mean there were 200 cases yesterday and that is a significant number by any standards anywhere and. maybe places like south korean

or have large numbers but china is right at the top still in terms of new infection numbers and so i mean it's still very grim out there. this is not a time to eat or relax frankly do you see manufacturing being shifted outside of china some of what we saw in the early days of the war up to a point but not really you know the there has been kind of this past analysis so many of these natural disasters which happen for example you know thailand heard huge floods bangkok a lot of japanese car auto investment there and the tendency is for manufacturers not to shift out because of these reasons because this could have happened in vietnam go to vietnam and this happens in vietnam 3 years later it doesn't i don't sense that happening it's more to do with china trying to scale the ladder to high quality growth and many of the other countries companies seeing that china is becoming a high cost production location and moving out but not the wire asperse as many.

of the institute for china american studies thank you so much for your time that it welcomed. the u.s. is still making life difficult for huawei barring the tech giant from doing any business with u.s. suppliers including selling at the chips needed to make its base stations the huawei not to be the terror is finding a way around the strict limits and as ramping up its own capabilities to manufacture the gear its efforts to become self-reliant are paying off as huawei in the 4th quarter sold more than $50000.00 of these next generation base stations that were free of u.s. technology these devices were outfitted with chad from high silicon made by taiwan semiconductor manufacturing co the world's largest chip foundry hollow exact and dank says that the longer huawei goes without access to u.s. suppliers the more unlikely it is to be able to return to using them that's

a heavy blow for the us i mean sector which in 2018 aren't more than $10000000000.00 from huawei purchases alone chip maker xilinx intel micron and broadcom have all report of falling earnings or reduced or eliminated sales to holway american chip makers are arguing that the banning the supply of parts that huawei can get elsewhere is counterproductive and that the lost revenue hurt as r. and d. budget and its ability to advance chip technology in the future washington meanwhile has not given up on accusing the company of being a threat and continues to look for ways to curve the world's largest contract maker on the grounds of national security. and the united states trade representative's office issued its annual report to congress on friday saying the plan to hammer out trade between deals with the u.k. the european union and kenya in 2020 in the 3 $138.00 page report the u.s.t.r. said $2100.00 was a quote historic year for american trade touting the phase one agreement with china deal with japan and getting congressional approval for

a new north american trade deal now the trade representative also applauded a world trade organization decision giving the. u.s. the right to impose tariffs on 7500000000 dollars in goods after a spat regarding aircraft subsidies given to air bus that was where the positivity regarding the day had ended as robert light years office said it will presume pursue reforms to the trade organization claimed the body had strayed far from its original mission and purpose taking issue with the quest media platform on friday in an effort to spread accurate information about the coronavirus to the apps user base of 500000000 active users tick tock is full of memes about the coronavirus news opposed to everything from coughing pranks to pretending to be infected other videos share posting claims that vitamin c. and garlic can protect you from the illness the w.h.o. is attempting to get accurate information out and fight misinformation regarding the virus on platforms like facebook twitter and instagram now interestingly enough one point of contention being brought up is the efficacy for face mask the w.h.o.

is saying that face masks are not effective in preventing the spread of the virus and not necessary the video went as far as to say that people should not buy facemask as it creates a shortage for health care professionals who need them that's it for this time you could catch boom bust on demand on the brand new portable t.v. you have available on smartphones through google play and the apple app store by searching portable t.v. or stream is to your t.v. by downloading the portable t.v. app on apple t.v. and online it portable t.v. and you can also find out one of our on the battle t.v. ad where you can get the latest news and information about the spread of the virus and as always check it out on you tube dot com bust r.t. .

if you don't want to give them to the police when you get to them and don't get. but the problem of all who said. all sensors in the arc of the conflict are younger . and it isn't just sat idle for you all that he would rise up this morning after all filing a complaint is that. most of the multitude of it to you all to sleep over some of your so some of it to get up and. go to show some. locals to the world put him in his. little usual there's a pool of those who. are new. to the supernatural.

thousands of american men and women she was just seen of in their country's military decision little sheltered lives every thing came to a complete. the day that i was raped. you know told to shut up or they'd kill me and i see how it destroyed my life any screamed at me and he made me come in and you graham my arm and he write me with his birthing area if you take into account that women don't report because of the extreme retaliation and it's probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is a very very traumatizing tat happen but i've never seen trauma like i've seen women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished don't be offended i had an almost 10 year career or chose very invested in and i gave a sex offender who was not even put to justice or put on the registry this is

simply an issue of tower and violence male sexual predators for the large part of target whoever is there. whether that's men or women. why do we go to war because we view the key to economic growth as oil and energy we go to war is vice president cheney said for the oil that's why they invaded iraq for the oil that's why trump says the one thing we want in syria we really don't want to go to war with russia we want to just control the oil. and the gas lines and the pipelines through afghanistan so the military is really an extension of controlling a world of energy and oil. the

e.u. deploys a rapid intervention team to the greek border with turkey as it scrambles to prevent a huge influx of refugees. to indorse support joe biden president super tuesday gets underway in the u.s. with voters in 14 states turning out to pick prefer democratic presidential candidates favored joe biden has already had a major boost off the challenges and support behind. climate activists continues to make waves in the media he speaks. of pushback against what she claims is environmental alone as a.