this is a boom bust so one business show you can't afford to miss their mom to stay over here in washington and coming up markets reacting quickly as the federal reserve makes aggressive moves to help the struggling economy plus u.s. treasury already helping iran as pressure to remove sanctions continues to mouth we have a packed show for you today so let's go and dive right it. firmed cases over the coronavirus continue to grow rapidly and the world has now surpassed 350000 and factions and the death toll past 15000 the spanish government is expected to extend

its emergency measures just this week the death toll on monday there rose to over 2100 with another 462 deaths in just one day now italy's death toll continues to rise with the most confirmed cases outside of china they nearly have 60000 and fact it and more than 5400 deaths that number grows by hundreds on a daily basis over in the united kingdom hall secretary matt hancock called on the british army to help support n.h.s. nurses and doctors on the front line they will be delivering vital equipment this includes masks and protective suits this comes as the u.k. reported over $5500.00 cases and $282.00 deaths germany acted quickly and is hoping its school closures and their social distancing have helped but not curve but they won't be able to confirm that until at least wednesday this wall germany's prime minister and the merkel remains in quarantine awaiting results of a chronic virus tusker house spokesman stuff and cyber told reporters that marc. is

doing quite well. so the chancellor is doing well she led the cabinet meeting by telephone i mean they are temporarily doing her work. for the coronavirus today now will wait for their results and see what that was flipped meanwhile a new cases in china have practically halted they only have 39 confirmed cases on sunday all from travellers arriving from abroad chinese foreign ministry though flamm the us are blaming china for the pandemic. the us government announced a total ban on the entry of foreigners who have visited china in the past 14 days on february 2nd. at that time there were only a little over 10 confirmed cases reported in the us. 50 days later however the number of confirmed cases in the us has surged to over 30000 cases. what effective measures has the us taken in the past 50 days the u.s.

has completely wasted the precious time because china won for the world largely under the circumstances the us is even trying to discredit and look for a scapegoat to shift responsibility this comes as president trump continues to refer to the virus as a war on virus or the chinese virus on monday the us senate failed to pass a massive 2 trillion dollar stimulus package for the 2nd time now sending markets reacting instantly the u.s. speaker of the house nancy pelosi released a counterproposal of her own now cases in the united states continue to surge there are now more than 35000 confirmed and the death toll of nearly 500 they're trailing just behind italy and china new york state alone had a surge of 38 percent to over 20000 new cases this was just overnight the state is testing more than 16000 people daily michigan ohio and louisiana became the latest

states to announce stay at home orders this was following illinois california and new york but the terms of ministration deployed the u.s. national guard along with hospital supplies to 3 of the states hit hardest with this virus are california washington and new york. in addition to large quantities of supplies i've also directed fema to supply the following 4 large federal medical stations with 1000 beds for new york 8 large federal medical stations with 2000 beds for california and 3 large federal medical stations and 4 small federal medical stations with 1000 beds for the state of washington now for more numbers and information on the coronavirus be sure to check out our app portable dot tv and be sure to click on the tab with the chrono virus but for more on the markets and how they're reacting to the pandemic we bring in boom bust

co-host christine what can you tell us. well u.s. equities fell off the open again monday as the fears of a global recession made investors panic where they skate button global central banks are now moving in lockstep in a corner effort to plug the flow but more policy support is needed from here over in the u.k. the chancellor pledged the state to pay 80 percent of worker wages up to today by a $2500.00 pounds per month germany in an abrupt departure from his usual fiscal discipline and now $150000000000.00 euros in new debt and the bank of japan purchase another $200000000000.00 yen of e.t.s. which is a daily record now over in the u.s. however politics got in the way resulting in a whole lot of nothing the major indexes pare losses at noon after senate minority leader chuck schumer said a massive stimulus package is very close to being done in this package to combat the economic damage from the crown a pandemic will likely total more than 2 trillion dollars which is about 10 percent

of the u.s. economic output initiatives include programs to help main street is a poor lending to enable small or medium sized businesses tech focus lenders such as square paper into it and stripe are also lobbying to be included in part of the stimulus plan as many small businesses leverage the digital marketplaces for loans however as up. politics senate democrats refused for the 2nd time to advance mcconnell plan as they had other things on their agenda which had absolutely nothing to do with the coronavirus equities relinquishes gains and sold out deeper with the dow and s. and p. off about 3 percent the tech heavy nasdaq however was down less than one percent today as we perhaps start to see a divergence with investors being more stock selective the u.s. fed reserve announced monday its commitment to continue its asset purchasing program quote in the amount needed to support smooth market functioning and effective transmission a monetary policy to broader financial conditions and the economy in other words whatever it takes they have removed the ceiling now as we alluded to on friday it

was only a matter of time before corporate bond purchases will begin and so it has for the 1st time monday as the fed moved to corporate bond and investment grade securities and primary and secondary markets now how long will it be before corporate stocks are added to this list just like the bank of japan now as policy officially shifted into q.e. infinity the fed is no longer just the lender of last resort it is the buyer of last resort given these massive stimulus packages the hope is that the shutdowns do not lead to business defaults closures and permit layoffs and that after the virus is contained corporate earnings can stage a rapid recovery but even with all this heavy lifting sentiment remains negative as the overall trend is still bearish we're still nowhere near the turning point as the chrono virus continues to spread rapidly out that of asia so any bounce here will be brief and sold off. asc co-host christi i thank you so much for that report . markets are down and the feds are doing everything they can

making aggressive moves and announced major expansion of market intervention allowing for an unlimited bond buying plan according to treasury secretary steven menuhin it could make up 4 trillion dollars of liquidity to support the economy so for more on the fed and its latest moves we are joined by author of fed up a fed insiders take on why the federal reserve is bad for america and form or fashion insiders any algae march you know who's thank you so much for joining me during these times there's a lot to dig into but i want to get started with the st louis fed chief who last night said that unemployment could reach a 30 percent and that we could see 50 percent reduction in g.d.p. what do you make of this. well i think right now that most of wall street most investors and frankly a lot of small town america has is literally written off the entirety of the 2nd quarter i can't tell you how many how many close colleagues friends family members

i know who've lost their jobs in just a matter of days and i don't think that in our lifetimes we will ever experience a quarter where the largest economy in the world comes to a sudden stop so even though president bullard's statistics that he threw out last night may sound daunting it's it's absolutely conceivable that we see such terrible numbers in the 2nd quarter and that is why i think getting our arms around this virus and getting it contained is so very important so that we can begin to see clarity and come out of this hopefully before 2020 ends especially because we don't know how long this will last you're right there is no clarity to that as far as we know but i do want to ask you one of the democrats main points of contention with the current stimulus bill that is it's been the so-called slush fund right of approximately about $500000000000.00 and that would allow for private. companies such as airlines and cruise lines to use for businesses to continue through this crisis do you imagine that the final bill will impose restrictions for companies

that use public money to stay afloat and if so do you think that things such as stock buybacks could be restricted for companies that use public money. well i think that policymakers lawmakers right now need to be very thoughtful and mindful of why the country is deeply divided as it is in the aftermath of the financial crisis there were too many companies that were just given a slap on the wrist and given bailout funds that in turn years later turned into by that machines so should there be strings attached yes there should should taxpayer money be spent freely without there being any conditionality to it and timidity i don't think that that is the case so i am hoping that both sides of the aisle can come together and make sure that there is no such thing as a blank check when they're writing money with taxpayer money well and that's a problem here too now the fed is making moves of their own they announced their move to purchase a limited corporate and when to pull bonds how big of

a move is this compared to actions that we've seen in the previous financial crises for example and what other actions will the fed probably take in the coming weeks. well it's hard to say because it seems like every day that we wake up especially monday mornings being being more sunday nights that the fed is doing something extraordinary i mean to put things in perspective 620 $5000000000.00 a week in purchases is what's planned right now my goodness i mean you're going to be adding 15 percent on to the fed's holdings of almost $2.00 trillion dollars of treasuries again in the space of a week so those are the purchases that are really of magnitude right now the corporate bond purchase the facilities the special purpose vehicle that was set up via the treasury the smallness of the one of the facilities is just $10000000000.00 let's put that in perspective the. debt market is 10 trillion dollars right so right now the fed is actually limited in scope in terms of the size that it can buy but you are right it has crossed the rubicon into corporates and into municipal

bond it's doing a lot we have a little over a minute left or just about a minute but i do want to ask you this what kind of danger are we looking at here for a possible hyperinflation. well that's the problem that's the problem with a completely open open checkbook and that's that some point if there is pushback among foreign buyers of u.s. debt let's say china for example at some point if we decide to blow the u.s. debt up to such an extent we could go from saying being comforted if you will of all things by the idea of deflation flip a switch one day and have inflation and it's place right and really scary thought indeed it is and people are thinking well i could why didn't we do this before we we very well could have it it's clear but only time will tell former fed insider danielle de martino booth thank you so much for your time. thank you. time now for a quick break but hang in here because when we were turn what are you what video streaming giants are doing overseas to relieve the internet broadband strain and as

we go to break here the numbers above. leg. lifts . live. right. here on the right.

track. i know. i like it when the host ask the question to the guests and then actually listens to the yes answer and then react to that that's it folks dennis miller here i've got a new show. well actions or a little bit messed up by our d.n.a. in some way or another the complete i'm bored that surely isn't such a great thing you know i'm sure you look better now than when he had hair come on it's nice of you to say so but i but i went bald when i was 25 i knew it wasn't so great and. dark industry

comes to life in los angeles every night. dozens of women sells their bodies on the streets many of them under-age. los angeles police reveal a taste of their daily challenge you know if you're going to exploit a child here in los angeles they were going to come out of your busy office is going undercover as a 6 workers and customers to fight the 6th grade. one of the hardest hit countries in the world by the crown a virus outbreak is iran well currently iran has seen as many as $800.00 deaths than all the total number of cases of coronavirus in iran have reached 230494 several weeks the trump administration has offered to help iran and yet iranian leaders have insisted that the thing will biggest way that the u.s. could provide help would be to lift sanctions on the country now for their part the

trumpet ministration insists that they are ready to help and that currently there are no sanctions on medicine or even humanitarian aid. that was you know the question and i wanted to help and the doctor has helped the surgeon general speak to other countries all the time the risk in question is what do we do nobody has ever seen anything like this did calling our people all of the time and yes i have let it be known that will help people including north korea including iranian and including many other countries it's very important to do that. joining us now to break this all down on what is true and what is not is going post co-host an investigative journalist ben swan ben thank you for your time we're excited to have you now we want to start with the most obvious question here how would actually lifting the sanctions help to fight or even slow down the spread of the coronavirus in iran and do u.s. sanctions actually prevent medicine from getting into the country. so the 2 good

questions are the to the 2nd question no there is nothing explicit within us saying that same medicine cannot be delivered to iran and my company of the secretary of state has been saying that the president's been saying that those are true statements however what they're not taken into account and what's being left out of the story is that many banks and firms will refuse to sind medicine or to sell medicine to iran or to sit in equipment that's needed medical equipment that's needed like been to leaders to iran out of fear of st john's in fact human rights watch says this about it they say the results of u.s. sanctions on iran has meant that they have had to deny iran iranians access to essential medicines and to impair their right to health so what human rights watch is saying is that yes u.s. sanctions while they may not explicitly block medicine from going into the country they are preventing medicine and medical equipment from getting there well that's unfortunate especially because iran is one of the countries that's been hit the

hardest by this krone virus and now even pakistani prime minister am on kong on sunday urged u.s. president donald trump to temporarily left the sanctions on iran and i was on twitter i want to appeal to president trump on humanitarian grounds to lift the sanctions against iran till the cove in 1000 pandemic is over while this appeal do anything to encourage the u.s. to lift the sanctions i mean you heard president trump saying that he's ready to work with north korea and iran and what are other countries saying about this. well other countries are stepping up aside pakistan you have the emirates you have kuwait you have cutter they are all calling on the u.s. to do more they're also by the way each of those countries providing iran with cash and their city medical supplies despite u.s. ages they are sending medical supplies into iran also china russia they have called for those same sins to be removed at least temporarily they say so that the iranians can obtain test kits because they say they don't have any testing kits there and protective gear specifically for medics and doctors and we're working

with people because they don't have that i mean you have to consider the fact that what u.s. sanctions have done is meant in the enormous limitation not just on medicine but on just the protective gear that we would expect any country to have it may be one of the reasons that the virus has spread so quickly inside of iraq why is trump also then saying that he's not withholding any medicine or medical supplies are they actually funding of the united states helping them in that sense so the united states has not sent to that i'm aware of any any medical supplies what the president saying is we're not stopping that from happening might pump a i've said that this morning as well he said we're not stopping the iranians from getting this we're back we're encouraging countries in the medicines in the medical supplies it's not a problem with what the u.s. is saying though is we don't have to remove sanctions in order for you to do that but other countries in the specially banks and firms are saying wait a minute you may be saying we can do it but by not removing sanctions you're leaving us vulnerable to ultimately being sectioned that were selves if we're

caught doing this that's the catch 22 if you really want to get those supplies and without fear of retribution by other countries and firms then you remove the saying that nobody has a right to do it and like you said they're afraid because of the consequences even though they're thing go ahead but during this back and forth iranian leaders have accused the united states of creating the virus and releasing it into their country do you make of that. well i don't think they have any evidence of that whatsoever look what what the iranians are doing right now is they don't want to say anything about the virus coming from china because iran has a very strong relationship with china the chinese have made enormous investments into iran we know that we also know that there are a lot of contractors who travel from china to iran all the time it is most likely if not you know a definite fact that the virus travel directly from china into iran the u.s. did not plant it there but i think what we're seeing right now is is the iranians kind of doing what they need to do the rhetoric that they usually put out the

propaganda they put out that the u.s. is secretly trying to harm them the chinese have made a comment not too long ago about how the u.s. may have brought the virus into their country again no there's no evidence of that whatsoever but at this point you know the u.s. is doing the same thing with china the only referring to the virus as the chinese are a little 100 virus you started the show mentioning that yeah so i think right now we just have everyone pointing fingers at each other well like why don't we stop pointing fingers and look for a solution it's a time now to to work together and show that unfortunately that's not the case but hopefully that will change co-host spence juan thank you so much for you and think . over the weekend google launched an educational krone virus website that's focused on u.s. residents now the page google dot com slash coded 19 contains information tabs for symptoms prevention and even treatments along with a global citizen fix that shows the number of confirmed cases recoveries and deaths

in a blog post google said the website is quote focused on education prevention and local resources know people can find state based information safety and prevention tips search trends related to covert 19 and further resources for individuals educators and businesses now this comes one week after president donald trump said that google was working on a web site to determine if a test is warranted and to facilitate testing at convenient locations while this feature is not included in this current web site and it is unclear when it will be completed but google sister company verily launched a screening website for people who want to get tests but that page is very limited in scope and provides information only to people in the bay area. in europe the world's most popular video streaming platforms include facebook disney and you tube they're all slowing their speed of their videos to keep the internet from crashing online demand is unprecedented as millions of people are now confined indoors

because of the coronavirus legal journalist molly barrows contributor to america's lawyer is here with me for more now molly what prompted these changes in europe. hi sarah well in short they're just worried the internet's going to crash you're talking about a market of 450000000 people that's under the supervision if you will of the european union and they're concerned that if people don't cut down on the demand especially for high definition video that it gets centrally break the internet so they have asked the european commissioner stepped up he asked companies like netflix. and users to stop using high definition videos because that put so much demand on streaming services and they've responded they've stepped up and said yes we will go ahead and downgrade the quality if you will so that it's a little slower in its delivery and you're talking about netflix amazon prime you tube is doing the same thing which is sent to la set to launch across europe

tomorrow well that's a lot of already taken step back and slow down the video and there's a lot of strain on the years now here in the united states we have about 350000000 people users who are probably about to start doing the same thing if they're not already is that going to reach the united states and is the u.s. prepared to handle that kind of internet where we're seeing is that going to happen . i think everybody is watching and waiting we're all like this hey let's hope rash but those are the obvious questions aren't they and the f.c.c. chairman is asking the same thing but he says so far there is no reason to fear he says he's checked in with service providers as well as trade groups to get a broader view and he feels like the infrastructure in place is good right now to keep that from crashing but they are following what's happening in europe you also have companies like verizon they're noticing the jump in usage 75 percent with gamers by the way so a lot of people online you got kids at home from school as well as parents working from home so they feel like they can keep up with the demand but it is very much

a wait and see game right now because we have yet to hit the real peak of demand but can we say that video streaming then is the cause of this internet slowdown straining the internet. you know it's a combination of things but they say that the real issue is going to come in with the more especially in europe as they start to hold more video conferencing and live streaming of teleconferencing if you will live streaming of classes so 'd that's where you're going to see an even bigger demand because with some videos it's broken up you know the essentially if you're watching a short video or even a movie it's still. going up and there's a beginning and a set and but if you've got a lot of people online at the same time say taking a class that's an hour long and they're all watching that hour long video and it's continuing with no breaks then you're going to see a real big even bigger demand and that's what they're kind of concerned about so that's why i think they're just trying to take these steps to go ahead of repair people hey you're not going to see a decrease in quality it's not going to affect your video too terribly much but we

do want you to take precautions so that we don't lose it all obsolete especially because not only the video like you said the gaming and the people working from home who may need to use conference calls or any of that will need not support especially because there are many people still working from home now i'll tell you what app won't crash is portable t.v. here where you can watch r t america all the shows right on your t.v. and they're available everywhere thank you so much molly barrows for that. thank you sarah. that's it for this time but you can catch boom bust on demand on the brand new portable t.v. up by just announced available on smartphones through google play on the apple app store by searching portable t.v. or stream us by your t.v. by downloading the portable t.v. on apple t.v. and online at portable dot t.v. you can also find our coronavirus tracker on the portable t.v. or you can get the latest news and information about the spread of the virus and as always check us out on you tube dot com slash boom bust our teeth the next time.

there's so much going on in the world don't you think when's the last time you had a real bird's eye view of. the news more than just hours of bickering give me 30 minutes i'll take you across the globe. thank you. finally changing the channel i understand you're tired of networks and the word new with you your tired of. the internet. as they are not no matter what part of the night. you know me 'd i'm famous for my views don't get there in the name of me. yours truly

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ok folks dennis miller here and we're going to talk to stephanie beatrice today she's from brooklyn 99 and she's very excited got a big film coming up in june in the heights and that's coming right up right after this on dennis miller plus one. welcome to dennis miller plus one we're joined by the delightful we've had time to chat as they've set up the lights and cameras stephanie beatrice and she's joining me on the show today she's an arjan tinian american actress.