well you know. this is a boom bust the one business show you can't afford to miss. in washington coming up markets are rallying back as the coronavirus impacts the global economy then it will see an immediate shift in consumer behavior or will be once the virus subsides bust amazon crack down on thousands of users for price gouging we have a show for you today so let's go and dive right in. the krona virus pandemic is changing life as we know it as the global toll now surpassed about $17000.00 with

more than 395000 total confirmed cases india's prime minister declared a $21.00 day nationwide lockdown extending the restrictions to the entire country of 1400000000 people countries across europe are also looking to extend nationwide lockdowns are declining in italy for the 2nd day in a row offering a glimpse of hope italy had a world record death toll of about 793 on saturday that number declined to 601 on monday in spain things are worsening as the death toll jumped by 514 in just one day now according to data and nearly 14 percent of spain's total reported cases are health workers but on a positive note emergency service workers gathered outside the hospital clinic in barcelona to join in cheers as police officers led a tribute for health care workers as they issued a desperate plea for the public to stay. home the u.k.'s prime minister boris

johnson announced trust measures for the british people to stay home while also highlighting the country's state of the art resources and the crucial thing to the public to understand is a crew of ours is of concern it is a it's a novel. but it's something that this country really has the resources to do we have state of the art testing facilities we have a fantastic n.h.s. . we will have to get through this but believe me we are going to be. meanwhile the epicenter of the city of 100 china is looking to ease travel restrictions and will lift the lockdown on april 8th the move follows a significant drop in new cases in the who bay region and new cases drop to 0 for 5 consecutive days starting march 19th now over to japan where the summer's 2020 tokyo olympics have officially been postponed japanese prime minister shinzo abbay

and i.o.c. president thomas batch agreed that it was best to hold the olympics next summer. for georgia killed. based on the current situation and we have made a proposal to consider perspiring in the games by about a year to ensure that the world's athletes can play in the best conditions and to have a safe and secure tournament for the audience i received an answer from i.o.c. president barak that he 100 percent agrees it was agreed that the tokyo lympics and paralympics would be held by the summer of 2021 at the latest this is the 1st time that the olympics have been postponed for reasons other than war meanwhile on tuesday the world health organization said the united states has the potential of becoming the new epicenter w.h.o. spokeswoman margaret harris told reporters quote we are now seeing a very large acceleration in cases in the u.s. so it does have that potential currently the u.s. has over $46000.00 confirmed cases. as with just under 600 deaths new york state

alone has been hit the hardest in the u.s. with more than 21000 come from the cases and 157 deaths and then new york city has 13119 cases with at least 2200 hospitalized patients 525 of those are under intensive care california has greatly impacted now calling for 15000 more hospital beds this while the u.s. senate continues to argue over the nearly 2 trillion dollars stimulus package and has failed to secure an agreement but on monday president donald trump told reporters he expects the american economy to reopen pretty soon i'm not looking i'm not look at as months i can tell you right now we're going to be opening up our country you know you have tremendous responsibility we have jobs we have people get tremendous anxiety and depression and you have suicide job or things like this when you have terrible economies you have death probably i mean definitely would be in

far greater numbers than the numbers that we're talking about with regard to the virus so we have an obligation we have a double obligation for more numbers and information on the coronavirus be sure to check out our portable doc t.v. up and look for the section tracking coronavirus. for more on how the corona virus continues to impact markets across the globe we are joined by boom bust co-host christine kristie. now there we have another for a good day in the dow as global index he's also has an stimulus hope that lawmakers are getting close to a massive 2 trillion dollar deal the u.s. market was led by energy bouncing over a leavened percent followed by industrials and financials that each jumped more than 9 percent stocks hit hardest by the shutdowns resulting from the coronavirus

led to gains today with casinos and hotel names airlines and industrials all gaining double digits the dow surged the most since 2000 a pound thing more than 10 percent as investors rediscovered some risk appetite but even as the government tells all these relief efforts companies especially small businesses are still struggling to tap into the funds lack of clarity and support will stall the economic recovery if the funds are not deployed enough the world's supply chain is now just barely hanging on a selective supply shock to lay goods received at the borders as the stimulus bill continues to forge ahead some highlights include cash payments of up to $2400.00 for married couples and $500.00 per child a $350000000000.00 fund for small businesses to mitigate lay off a $240000000000.00 and healthcare alif $25000000000.00 in grants for airlines and $75000000000.00 in aid for hospitals while the bounce today is optimistic it does not mean that we've come to the end of it these are reflective short term rallies and the new mantra should be adjusted to sell the rally rather than buy the debt

especially if the deal is still only in talks and has not been passed yet despite promises of a tuesday deadline another delay could be the market getting smashed again in frustration and disappointment today met in let me march manufacturing p.m.i. drop to 49.2 that's a 127 month low driving the downturn in the services output was a steep fall in new businesses now meanwhile the u.s. dollar fell broadly after the u.s. fed committed to buying an unlimited amount of bonds trying to prevent a wider crisis the falling dollar created a backdrop for emerging market currencies to rally for the 1st time and love and. to call it a turning point now would be too strong a word at this point this is the 3rd week in a row where we've seen the bounce on the latest policy announcements and then sliding back down as the economic reality of the situation re-emerges bust co-host christine thank you for that. wall street saw a big jump on tuesday signaling hope for the u.s.

economy as fears of a deep global recession continue to mount as countries remain in complete lockdown over the coronavirus now we bring in chief strategist above the trading todd bubba horwitz and c.e.o. of transformer the research tobin smith gentlemen i want to start with you todd the u.s. markets are near the levels that they were back in 2016 when trump was elected but how much of an impact will this stimulus package have on the markets and the broader economy especially now that we're seeing it go up just a little bit. good afternoon sir you know listen the markets are going up today that today looks more like a short covering really it looks like not a real big deal they're trying to bet on this thing of more free money and more is stimulus but again stimulus is not create growth if people are going back to work we're not going to get the growth we need to continue it's not going to affect on company earnings so at the end of the day if you're a fundamental person this is not going to help the fundamentals all this is only another temporary band-aid that they're slapping out of no different than what the

federal reserve is doing with these band-aids that continue to apply in the meantime accumulating massive amounts of debt which will never get out of so that's to me it's no big deal and this is nothing but an opportunity to sell and with a deal passes or doesn't pass i think the market sells off from here well let's hope so because otherwise we may be close to to a global recession not just the united states but across the globe with so many countries locked down but tobin i want to talk about the u.s. dollar which remains relatively strong yes it went down when the fed sort of say that they would buy a limited of bonds but it still remains pretty strong do you think this could have an effect on how the economy recovers when the virus actually subsides and if so how. well here's what's going to happen remember we're going to be issuing $3.00 to $5.00 trillion maybe 6 trillion dollars of bonds the treasury is not going to buy all those they're going to be sold to people like them you know norwegian wealth fund norwegian wealth fund cannot buy the bonds with kroger they've got to buy

dollars so our strong dollar can dollars we always call it is going to stay king here for a while the place that it kills is in the emerging markets because the emerging markets took their debt from the last crisis and quadrupled the amount of debt they have and most of that is in dollars so those are the guys are getting killed we have other problems but the king dollars not going to hurt us well if it doesn't hurt us but it definitely is hurting other global economies but you know tobin let me ask you this do you the spec shifting to a little bit of a consumer behavior sector could a consumer behavior affect the profitability of certain companies could people be less willing to say go out to restaurants or even go out to theme parks like disneyland in the future after the virus subsides or even even in the near future if actually reopens the economy like he's saying now he said hours ago by easter that's weeks away. but human behavior does not change we are hard wired back from

the days we were you know ok but in the savannah to be social because actually to be social to our inside to our limbic system to our you know brain stem being social beings we're safe when we're lonely our brain tells us that we're not safe that says that you know it's still the old paleolithic brain right thinks that if it's feels lonely then you actually are in danger so humans will follow the behavior that is hard wired into our brains and maybe they're going to stand you know 5 feet away i was going to costco yesterday they were letting people in you have to stay 6 feet away and all right maybe there's a little bit of a line but i bought just as much of yesterday as i would have any other day. and you know probably because we've run out of booze at our house for god's sakes at every stop. through together it's not not the toilet paper nor the life as themselves the important stuff the import exactly well let me shift

a little bit to all remains pretty volatile this by amid the impending stimulus package it went up about 3 percent do you suppose that will see us domestic oil production drop to the fallout that happen at the opec meetings earlier this month or will we actually see domestic companies unfortunately disappear. especially that there are some will disappear i mean some are certainly on tight budgets and over exposed and over leverage to the market and of course $24.00 or $23.00 are not going to make any money but i think that will continue as is and but again remember you have to remember the big thing here is the lack of demand without business in operation without the normal flow of people driving there's no demand for oil so i think you're going to see that they're going to start shutting down some of these rigs and they're going to have pointed away again as they would on the passes with the 1st time at these prices they're going have to wait until there's

a lot because we've got to go a lot long before we had the coronavirus long before this slowdown we already had a lot of oil so oil was well overpriced now it's probably fairly priced maybe a little bit on the cheap side but overall until we get back in business and it's still the trucks start rolling in the car start rolling and people start doing things there's going to be demand for oil so that's going to keep the demand low which is going to keep prices low when the united states has become the number one producer of oil to an end years but when your take well 2 things are happening 1st off. let's separate oil from natural gas because the we've got a bigger boom in natural gas and because we close all these coal power plants natural gas is actually doing fine i mean. that we're we're not oversupplied at all on the oil side river saudi arabia russia got into a price war there they're there they're all entire idea there was to crush the shell people here and russia has so much in the reserves a plan for this that it's not going to be nobody's going to blink in the kremlin

and nobody's going to break in saudi arabia for a while well that price. you i'm sorry was so i mean that's what it means is the marginal oil producers with debt they're going away they're going to out of business our people down in texas are telling us you know we're probably going to lose one 3rd of the shale oil people which then of course the natural gas comes out of the ground when you do shale oil so that's actually going to decrease natural gas which is going to raise natural gas prices on the u.s. companies to have a lot of debt pay is on the shale remains around the $5050.00 range so hopefully it won't come to that and opec can agree and members and nonmembers can agree on something over the production of oil the horowitz chief strategist with all the trading and open space c.e.o. of transform any research thank you for your time. and. time now for a quick break but hang here because when we return we'll tell you why appear raul is facing a class action lawsuit as we go to break here the numbers at the. and

we're going to fulfill the repeated purposes probably to the people you know we've all bots think you're going to. be a really really really. really

good. if you want to work. you know. all the. polling coming. from donald trump in 2016 to tulsa gobert in 2020 there is part of the electorate there response to anti-war anti interventionist rhetoric in fact there is evidence this significantly helped get trampled like that but the fact remains the establishment is keen to downplay any been demonized any candidate who questions orthodox why is this.

according to industry and federal officials some major u.s. airlines are now drafting plans for a potential voluntary shutdown of all passenger flights across united states aviation analyst jamie then she said airlines are just trying. to mitigate their losses. this should be your. decision for us. i mean the airlines you know that if you're going. to make. some of those who. know we're. just. going through. the people who are going to. tell us what's up with that.

there are all of this earlier this week thousands of flights were canceled while others took off with single digit passengers u.s. airlines have already cut international flights and united and american airlines canceled 40 percent of their scheduled flights now because several federal aviation administration air traffic controllers have tested positive for the krona virus alive in traffic control facilities across the country remain closed after a week of cleaning and the transportation security administration cited passenger flow was down more than 80 percent from just one year ago while no final decision has yet been made several options are being considered. as more and more states and cities into to stay at home orders even more people are turning to online shopping to stock up on items like toilet paper hand sanitizer and protective masks over the past few weeks we've told you about price gouging right it's taking place on sites

like e bay and amazon but now amazon has cracked down in fact the nation's largest online retailer has reportedly suspended as many as $4000.00 accounts for reportedly violating its fair pricing policies joining us now to break this down but co-host an investigative journalist ben swan. let's start with amazon why what are they saying about these these accounts and why have they been suspended. yes so what is amazon is simply saying is that about 4000 different accounts about half a 1000000 items they say have been removed from the site because they claim that these sellers are violating their fair practices policy essentially saying that they are selling items like hand sanitizers and face masks certain kinds of cleaners and that they're marking those prices up we would call it price gouging right and so what amazon is saying is they removed not only these from the web site but they've actually taken a step further than that they also say that they are sharing the information with

state attorneys general and federal regulators about sellers who they believe have been participating in price gouging and they are essentially setting that information over in case those a.g.'s or the feds want to prosecute the white house has become very much involved in this as well on monday president trump signed an executive order to prevent hoarding and these price increases of these supplies amid this outbreak what does that actually mean for people at home well it doesn't mean a whole lot for people at home so all the people who have run out and bought like huge amounts of toilet paper which i'm stuck on not understanding exactly why that is happening but they're doing it and the administration says we're not going to come after you if you're buying a lot of toilet paper or stockpiling stuff in your home but the example they get if someone has a warehouse full of masks that they're holding on to and not selling them will go after them and i got to tell you i think it's concerning both these issues 1st of all on the price gouging side that nobody likes the idea of price gouging but there is also a free market principle called supply and demand when there's

a greater demand for things the price goes up and the things you want to say really people forward on the other hand this idea that if you have a warehouse full of masks obviously you're producing those masks they ministration the same if you don't go out and sell those or make them readily available to the public you're committing a crime you're hoarding is what they're calling in they'll come after you with the d.o.j. that seems like i get overstep of the me right and you know people there are now a limits on what you can buy or the amount that you can to. more and it's really nice to hear some stories where people are actually donating or giving these objects and not that they hoarded but they've purchased and are now giving them to people who need them but speaking of amazon there are reports that the company is now teaming up with king county in seattle to pick up and deliver coronavirus test kits are the standard amazon delivery drivers picking up and is handling these tests and while we see this across the rest of the states i think we may see it i think one of the things that we have to look out for right now is amazon vastly

trying to expand out of their network that could be a good thing but it can also be a negative thing in this case what amazon is doing is they are essentially working with the bill and melinda gates foundation who's funding a lot of these tests and then they have their workers essentially go in and delivering the test picking them up as well they say that this is to a special program called amazon care it is not the standard worker they say instead these are all people it says who have been involved in training in the handling medical material and that these they will be distributing self swab kits for those people to test themselves who are handling the as well so i was doing that right now the u.k. is also talking with amazon about doing delivery up to code coronavirus kids across that nation is what i mean that would save people from protection of health care workers too from people coming in and hopefully flatten that curve that we've been trying to flatten for some time now boom bust co-host and so on thank you so much. thanks. just when you may have been kicking yourself for not investing in that hand sanitizer the manufacture of here i'll hand sanitizer is actually being sued for

overselling how effective it actually is well legal journalist my therapist should be able to mark his lawyer joins me now to discuss the class action lawsuit molly what's the basis of this lawsuit. hi sarah well the basis of it essentially is misleading claims it says that pirelli is claiming 99.9 percent of illness causing germs are eliminated by hand sanitizer when in fact there is no scientific basis for that claim so this is a class action suit filed by about 4 people in federal court in ohio and they're saying hey you've got this scramble to get all this hand sanitizer and we're not even convinced that you can kill all the germs you say you can kill well let's look at the timing of all of this right it's when people are are just trying to get their hands this is like gold right now why was this this class action lawsuit filed now and could other brands and other products like lysol for example who also

market is almost 99 percent killing of germs could those be next. you're exactly right now i'm not sure if this will extend to other products but it's funny you should say that there's a bottle of clorox wipes that are sitting here and they say something similar so i'll have to look into that but it's actually been an ongoing issue as far as this particular legal issue is puro a separate entirely different class action lawsuit with a similar allegation was filed in the same federal court last month and it says something similar that they broke the public's trust they repeatedly marketed these unsubstantiated claims basically the f.d.a. even sent a letter to go joe which is the company that makes pure out saying hey quit you're a substantiated claims about how effective your product is and they even pointed to several ad campaigns claiming that it could prevent everything from the flu to bowl and the norovirus and actually says you don't have adequate studies right they don't have adequate studies proving that they can kill or reduce the number of bacteria or viruses that are actually on the skin and that it actually reduces the

chance of infection by doing that or saying hey you don't have the proof to back up your claims quit leading people on and there's a lot of disinform ation out there i even received 2 or a picture not too long ago that a clorox wipes behind it said that it kills corona. iris now i'm sure that was plastered on there to for people to go and purchase these clorox wipes but considering the skyrocketing demand how is the sanitizing business doing these days . is really skyrocketing i mean as you know it's flying off the shelves people are even hoarding it so you're going to see a huge increase in the number of sales i think it's been like 14001400 percent over a year period from december of last year to january of this year so it is done extremely well i mean even and his or bush is getting into the hand sanitizer business if you will though i think they're making it more to be a benefit to the public but they're making a different sort of alcohol based product now to hit to deliver to hard hit areas

and work with the american cross to do that but yeah it's definitely in high demand and according to nielsen hands out of hand sanitizer purchases were up like 73 percent in february alone and clorox 2 of their stock went up and was doing pretty well in the market these days but like we talked to and a lot of people are hoarding these and or either donating them which would be a more positive note but we'll see if lysol and other products then follow suit molly barrows contributor with america's lawyer thank you so much. that's it for this time you can catch boom bust on demand on the brand new portable t.v.'s available on smartphones through google play and the apple app store by searching portable t.v. 3 must buy your t.v. by downloading the portable t.v. on apple t.v. and online at horrible dot and as always check us out on you tube dot com slash boom bust r.t. the next time. you

know when i'm going to be out there so i don't think about. romania roma not new dorp or. kind of where i wonder. if i'm not big now i think it's hard enough. members of the african mafias chroma is them safe and quick passage to europe but once they. leave they are in sleeves they count speech util. will not some of them may be a mom on and off and you know it and if you don't get it out in.

the soil the. lady gets all caught of the import data because the persona better than all the scabby the normal. trade and investment of become magic spills to conjure economic development. most people think about trade they think about goods and services being exchanged between countries and the investment chapter of a trade agreement is about something very different but what one investment leads to toxic manufacturing that destroys sacred sites all the environment. that means local communities that are being poisoned if they object if they do anything that

the company feels is interrupting their profits they can be certain. of taking on the whole nation philip morris is trying to use i.s.t.'s to stop. implementing. regulations aimed at cutting domestic smoking rates a french company. egypt because minimum wage democratic choice.

hello there i'm going on you're watching in question broadcasting live from r.t. american national headquarters in washington d.c. we want to welcome our viewers from around the world here in the nation's capital senate republicans and democrats are clashing over the rescue bill they've already called it a night so what's next we'll get the latest in a live report plus how will the president emergency order affect big business and force companies to prioritize government contracts we're going to explain that for you and we'll head to the sunshine state where spring breakers suddenly become super spreaders of the coronavirus world.