herbal between the and. this is boom bust the one business show you can't afford to miss i'm sorry i want to fail in washington coming up congress passes a massive 2 drew trillion dollar stimulus package will break down how markets are reacting to the news and u.s. automakers general motors looks to save some cash and avoid layoffs amid the coronavirus pandemic lauren fix the car coach tells us what we could be hit or what could be coming for the auto industry plus amazon workers across the country come forward with stories about working conditions and safety after more positive cases

of covert 19 but 1st let's start by talking about. the global death toll still on the rise with more than 25000 people and nearly 555000 back to the united states now lead with the most confirmed cases in the world with more than 86000 infected and nearly 1300 fatalities new hotspots are emerging across the u.s. and chicago detroit and new orleans vice president mike pence downplayed trumps comments over reopening the economy by easter saying the president expressed really an aspirational goal as we continue to follow the data on thursday g. 20 leaders held a virtual meeting where they vowed to work together to combat the virus we talked about the problem. really won't be a problem for. the united states is working with their friends and partners around

the world to stop the spread of the virus and coordinate their efforts we just go so vitally important is for all of our nations to immediately share information and data and we've been doing that to a large extent but will do it even more so in the meanwhile europe continues to see a surge in its numbers italy warned it has not yet reached its peak the country reported $8215.00 deaths with total confirmed cases topping $80000.00 while there are signs of a slowdown authorities say the peak could come in the next few days spain falling italy is also warning the worst is still ahead the number of fatalities rose by 769 in just 24 hours to nearly 5000 the number of affected to more than 64000 number of cases in the u.k. also on the rise more than 11000 confirmed impaction 570. british prime minister boris johnson tested positive for the code 19 and is the 1st major world leader to

do so the country instituted a nationwide lockdown earlier this week which many predict could last up to fix months for more numbers and information on the coronavirus be sure to check out our portable the t.v. up and look for the section trucking coronavirus and we're going to bring in. to tell us more about the global impact that it's having on the economy. now once again the market isn't buy the rumor sell the news mode as a historic rally of nearly 20 percent in the previous 3 trading sessions faded and where once again timely $600.00 points off the open market moves or the past 3 weeks have been fast and furious and the volatility has no indication of slowing down the temporary euphoria from the stimulus shot has subsided and we are left with a grim reality that the u.s. is now the new epicenter of the coronavirus now after much delay the house on friday passed a 2 trillion dollar terrorist act which stands for the coronavirus aid relief and economic security act and the now has to present trump to sign into effect so while

the stimulus provides a temporary support for equities we're still far from declaring that the worst is over globe will cases continue to rise and every headline shows an increase in debt and there's absolutely no timeline for when this will be over or at the very least under control and as we continue to print and thrown new money at the problem we are artificially pushing prices up so now what point does this stop working the market has not actually digested the unemployment claims data and while much of it is temporary it provided a shocking evidence of the devastating impact of the coronavirus we cannot extrapolate out and figure that the corporate news is going to be much worse from here with the aggregate drop in demand for goods and services china as a world power and manufacturing just reported that industrial profits crashed on the most on record in january and february down 38.3 percent year over year now leading the plunge with autos down 79 percent and computer manufacturing industry down 87 percent looking forward as china gets its production back online and it's

ready to start recovering lost profits it is now facing a secondary shock now due to demand or the lack thereof as coronavirus grips the rest of the world businesses has ceased placing new orders and are defaulting on old orders so it would not be surprising to see if we will retest the lows back at $2400.00 as the previous rally is not. selective of the overall trend which is still skewed to the downside leading the decline that we have boeing dropping over 10 percent after the company said it does not intend to participate in a government bailout of aviation companies now this comes as a package could require the government to take an equity stake in the company but now on the flip side loom video communications which does video conferencing has absolutely been killing it in the wake of the coronavirus while the broader market is now down over 20 percent year to date loom surged more than 112 percent year to date on new customer acquisition as many businesses have now shifted to remote work . co-host christine thank you for that detailed report.

worldwide markets have rebounded after one of the worst weeks in recent history that's things to part 2 government and central bank intervention let's take a look at where we ended up in moscow the mo x. is up on the week the index had a relatively stable week this is despite losses of nearly 3 percent on friday the drop on friday was not big enough to erase the big gains seen earlier in the week some factors to keep an eye on here are sinking oil prices and the ruble that's heading toward 4 year lows by the week sun now moving to asian markets where green arrows all up again starting in shanghai the composite is up for the week the index reacted very positively to the stimulus measures that are coming out of the united states hitting a weekly high on wednesday before leveling out at the end of the week but the financial sector and healthcare sectors made substantial gains on the week in japan

the nikkei had a great week ending up nearly 4 percent on friday alone again as information about the us and stimulus measures were announced the index rose by 8 percent on tuesday alone tech may get investors softened by 1000 percent on monday and continued moving up throughout the week the hung saying followed other asian markets up again closely with a very good week on tuesday while the index rose by 3 percent some help was given as g 20 leaders on thursday promised to inject more than 5 trillion dollars into the economy to limit job and income losses well moving to india where the sensex also for the week this is despite some losses on friday even though the reserve bank of india slashing repr rates by a massive 75 basis points to slow a downturn in the country's economy over to australia the a.s.x. did make substantial gains this week but they were almost wiped out by a drop of more than by. per cent on friday there were hopes that the index would be

able to get out of bear market territory but friday's losses unfortunately dashed those hopes the all shares in south africa also up on the week again most reacting to the prospect of this 2 trillion dollars stimulus package that passed coming out of the united states the gold sector led gains in the south african markets i want to check out though what's going on the markets in europe and the americas in europe the cac in france also up the dirt in germany the dax and the footsie in london all up on the week this is after gains mostly from the u.s. 2 trillion dollar relief package the european indices saw a drop on friday this was following the european union leaders meeting on thursday where they failed to agree on a coronavirus stimulus package now over to the atlantic in the americas where brazil hugo best buy is also up after seeing its 1st back to back gain this month after plummeting since the start of the global pandemic on tuesday latin america's

biggest stock exchange surge as much as 9.69 percent this is despite the political turmoil that's still going on in brazil over the containment measures that some of their local authorities are taking now over to mexico also up on the week the b.m.v. is in the green following a march full of losses a surge of this week on stocks across most sectors with some stocks like. that by see if you go which jumped more than 30 percent just on the week major telecom company america one of mexico's largest corporations saw a boost of more than 3 percent on the week you know here in the united states all major indices held up by a 2nd half of the week surge the dow actually at one point had its best day rebounding by 3000 points the biggest one day gain in the early 90 years again in part to the country's 2 trillion dollar stimulus package and finally the toronto the composite also up on the week. after a sharp increase on tuesday it's made it back about

a 3rd of its recent losses this was since hitting a record high in february but fell at the start of trading friday giving up some of their recent gains but still up for that week and that is their global market walk . here a move bus we've been discussing the u.s. 2 trillion dollar stimulus package all week which is senate passed on thursday will congress put earlier today or on friday i want to bring in a host of news use hugh scott e-mail here to talk about the politics behind the stimulus package scottie it's good to see you. oh it's great to see you sir and it's great to see all of my are to american family still being healthy today it is obviously a very healthy day or unhealthy day for our budget here in the united states has just grown white baker well it seems like regardless of party where you stand all in congress should want to give the support to the federal government as soon as

possible why did it take so long to pass in the 1st place. well it's hard to get washington d.c. to do anything but president trump as we speak is expected to be signing any minute now the bill that passed the house just about 2 or 3 hours earlier but it's been more than a week of basically closed door negotiations and partisan bickering like everything else in washington d.c. sometimes in private cameras sometimes behind now senator mitch mcconnell said it is a wartime level of investment into our nation and the antics of today actually found republicans calling out in their own lives representative thomas massie from kentucky who wanted to make sure this was a roll call vote and that every member of the house because it was a $2.00 trillion dollar package was put on record on how they voted for it well it could have held everything up making all these representatives travel back to washington d.c. possibly delaying the vote even farther and delaying the passage in the in the public and the democrats work to overrule this massy back down and they passed the bill just basically 3 hours ago well thank goodness for that after all this time

but i know there was a lot of controversy over voting remotely and whether or not people would be in d.c. to vote but i do want to ask for from what are some of the more controversial parts or topics or lines of this bill. well sir as you've been discussing all week on bloomberg assisting is filled with more pork than you would find it a hog factory here in the south because both sides were sitting there getting very angry at it obviously any time you have a chance to have a bill like this in what you see they want to put in their own pet projects where people are really upset about or things like $25000000.00 going to the kennedy arts center and. the president shot surprise republicans the other day in his press conference in defending money going to the arts are also funding for the national humanitarians in the arts funding of n.p.r. in p.b.s. things that in the past president trump had pulled out there's also a different adamic for certain private universities including howard university was put in there so there is definitely pork for both sides that went to this bill but

in the end both sides admit we don't like it but we need to pass it right now because you kind of give up a little bit for the bigger picture which is to get much needed financial relief to the public and time is of the essence with this because it's not going to get any better at least not in the near future as we're seeing but what are the rough estimates saying that they're saying though that there's a 500000000000 dollars going towards corporate bailouts is there anything in the bill that actually guarantee that money will be used to rehire or even maintain employees and not just go out to major payouts for these top level management executives. was there this is where a lot of the controversy came especially from the democrats saying we don't want another bailout like what we saw in 2008 where you had these payoffs to these c.e.o.'s there's actually 425000000000 of this will be controlled by the federal reserve it's actually going to have a special congressional oversight board that will be set that will make sure this money gets to and you know when we talk about these this large number going to

corporations it sounds bad but let's also remember people like i've said x. people like united and boeing they actually employ a lot of blue collar workers to make sure that money gets the people they do need the funds but there's actually going to be steps put in place to make sure ringback that there's an oversight board something that wasn't in the 2008 stimulus that will bail these folks out as well and let's hope that a lot of this money will go to to some rehired where we saw a lot of people laid off at 3300000 people who filed for unemployment just this week a new record high for the united states thank goodness they finally passed this bill we'll see where it ends up or where will be and 3 months scotty now he is from a host of a news use he was here on our team. thank you so much it's good to see you. thank you so their. time now for a quick break but hang here because when we return you may be stuck inside oring what you need from amazon but we'll tell you why a growing number of warehouse workers are upset at just how the company is handling the run a virus and as we go to break here the numbers out there. as

the election cycle rages on the media highlights or even invents what they deem to be important even radical what they don't tell you is how the political center is collapsing in today's campaign is what voters think about the status quo. and we're going to fulfill the repeated promises ok probably to the people and come on you know we've all bots to. be really really really.

pretty good. now you want to work. no. all 5 the. trade and investment to become magic spells to come 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 won't win investment leads to toxic manufacturing that destroys sacred sites old ruins 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 do no multinationals are taking on the whole nation philip morris is trying to use i.s.t.'s to stop tour of the body from implementing new tobacco regulations aimed at cutting domestic smoking rates a french company sued egypt because egypt resists minimum wage and democratic choice of a trump corporate law joining us as we try to fund don't want to. factories

shut down and less money coming in general motors is looking to save some cash well according to bloomberg g.m. is stopping work on new vehicles and it's holding off pay for white collar workers will senior management will also take pay cuts of up to 10 percent and it with even more deferred another $3500.00 workers are also expected to go on leave with 75 percent of their pay the cash saving measures are to move or the move is rather to avoid some boss of all layoffs it's still unclear when g.m. or many other american automakers will be able to return to normal production for more on the auto sector and part of facing due to the coronavirus we are joined by lauren fix the car coach lauren another market that sector that's been hitting hard since the coronavirus started right before it started it was actually doing pretty well but what do you make of the move g.m. is making to cut pay will that be enough to help keep the company afloat. well i think you have to start cutting costs some place you've got nothing being produced

right now and so you have no income coming into the need past due accounts receivable so i think this case you're looking at a lot of companies that are really hurting and this is not the time for that when last year sales were 17100000 cutting salaries executives not taking any pay will help a little bit is going to help a lot need to start getting back to work well president trump took to twitter to to address this and he said that general general motors must immediately open their plants had to start making ventilators adding that with g.m. things never seem to work out he wanted to make ventilators now and that the number of ventilators is now expected to be lower and not until late april some say it won't be as easy for automakers to manufacture these ventilators is that the case. well here's what's really going on right now they decided they were going to charge for these ventilators at a very high price so literally just before your show started the president signed

the production the production actual basically he's telling general motors you have to make these ventilators and sell them to us at cost in the meantime paralleling that chrysler is making a mass they're making a shields they're producing ventilators and ford motor company has already sent and delivered quite a few shields so they've been very aggressive although they were called out in one of president trump's tweets ford motor company has been living up to that by using their plastic machines to make those plastic shields which is needed in hospitals will hopefully that they can continue to then help out because these supplies are running out and are costing lives now but i do want to ask you why are most auto dealers right now and service stations still open during these times i mean i don't imagine people are actually going out and shopping for a new car or are they you know you're right no they're not producing they're not buying new cars although many of those dealers would love to sell you a new car and there are some new. they are selling online including dealers that are shut down they'll do some online sales but the problem is the department of

motor vehicles are shut down especially here in new york state so one of the things you need to know is you can get an exclusion and they excluded the exclusions as auto repair and auto repair and parts so if you are in need of a vehicle whether it's for military or for medical reasons or just for the average person to get to the doctor or to the grocery store they did require they did offer that opportunity for repair shops tremaine open so local repair shops dealer repair and parts facilities which is where they make the bulk of their money the individual dealers those are still open business busy not really but it's nice to know that it's there if you go flat tire or something breaks and allows you to get that vehicle fixed so you're not stuck so it's not necessarily just the selling but indeed the people who actually need their car serviced which makes sense right but what does this all of this impact mean for the future of the auto industry at least for the remainder of the year usually in september we see these new models we have a little about about a minute left but i want to get your take on this and what we're going to be seeing

in 2020 always huge huge last year we sold $17100000.00 you're looking at yale j.d. power everyone says can be huge cut i'm hearing anything from $12000000.00 in sales to 11 point $4000000.00 the loss of $6000000.00 vehicles is huge and that is going to be an impact to the dow jones and everything else in the suppliers need to be making cars and it's probably going to going to really greatly impacted especially given that we don't know how long this timeline will last but lauren traded the car coach thank you so much for your time. thank you. there is growing outrage among amazon warehouse workers over the way that the company is handling cases of the coven $1000.00 within company warehouses well as of friday there are at least 10 amazon warehouses in the u.s. where workers have tested positive for the code 19 and yet many of the workers say that they are only learning of this to rumors others say they're learning about it

on social media through posts on facebook and set of through the company for instance in detroit an amazon warehouse worker kelly market tosh butler says she learned of a coworker contracting the virus from a facebook post frustrated with the lack of transparency tipped off local for news which received information or confirmation from amazon on tuesday so why isn't the company telling workers about potential exposure well joining us now to discuss the toast and investigative journalist buns fon and why is it why are workers finding out about this through social media posts and many of them workers only come from the infractions after confronting management about this or hearing news from local news stations why isn't amazon being up front with its workers. yeah i think the answer to that unfortunately pretty obvious which is that amazon is one of the few companies in the country that is not only working right now but is actually increased its supply of work right now they're looking to hire $100000.00 new

workers in the midst of this crisis they want to hire $100000.00 new workers and they've increased pay they say by $2.00 an hour which is you know big there but the problem that amazon has is they're afraid of they tell workers that you know people in these warehouses are contracting this virus that people will show up for work and they're probably right we know at least 10 warehouses have had workers who have contracted the virus and yet none of those warehouses that we can find have it has management told the workers instead they're finding out in their own ways or they're confronting management and i got to tell you how crazy this is in some cases management says oh we saw people on the surveillance video inside the warehouse they were in close enough for you to contract wow that's incredible especially from such a large company i mean question amazon seems to to be educating through the conversations between these workers and management that they're cleaning surfaces between shifts right but how can that be considered good enough during these times . well it's really not good enough i mean to say oh we're clean between shifts

however we're not telling you that we're cleaning between shifts because someone in the previous shift actually contract a covert 1000 or it was contagious with covert 900 but nobody else is doing this right now i think what this goes back to is this problem of amazon and we've seen this problem in the past as a company the culture of amazon as one that disregards its workers and its employees as not important they are simply cogs in a machine and if machines if robots can and will be able to replace them then they will replace them because the reality is amazon does not care about its employees at least not in the way it conducts itself through these kinds of measures well it's interesting that you're saying like our hearing that it's one of the few companies that is hiring during the time and and what that means if they're just exposing them to the code 19 but does this have anything to do with hipaa laws where companies can face fines for it actually disclosing private medical information about an employee or are they required to report this. well they're not

required to report it to employees but as far as hipaa laws that's an easy thing for amazon to hide behind the governor who's in college she's not in there right now she's actually home but you know the president of that university sit out in e-mail just yesterday i believe saying one of the students at the school also has a contract over 1000 and notified the entire university the group of students and their parents let everybody know they did not name the student and say who it was they didn't give any information in fact they specifically said in the letter because of hipaa laws we can't tell you who you don't necessarily need to know who but you should know that a student did contract it and this is how long ago it was contract that amazon could be doing the exact same thing it violates no hipaa laws and it shows a respect for its workers in this case what amazon is demonstrating is a complete and utter lack of respect for work a lot of companies are actually sending these e-mails other universities even at c. pac those who attended were warned that somebody again it didn't have

a name but that somebody there had the coven $1000.00 throw amazon a time to be honest with your employees especially during these times that was that co-host of boom bust and about to give journalists pentagon thank you. so there are things that's just the tip for the time you can catch bost on demand on the brand new portable t.v. up available on smartphones through google play and the apple app store by searching portable t.v. or stream of to your t.v. by downloading the portable t.v. app on apple t.v. and online a purple dots t.v. as always check out on you tube dot com boom bust r t v a next time. your

government and our government and all the other major governments of the world know what's going to them and when it's go but they haven't told you and they haven't told me they haven't announced. imagine something as big as the earth. is going to cause tidal waves earthquakes volcanoes are going to wrapped and it's going to chill. so very for a while right. my great grandfather's. nobody would care about the law or prison so you'd have wallace though should have. a turtle liason between the and the. believing in weird things by the way is called superstition or magical thinking believing weird things like that is not a bug in the system it's a feature that com is equipped in the software of our program even to try to

connect things in the environment just in case there's a real connection. join. me every thursday on the alex simon show and i'll be speaking to guest of the world of politics school business i'm show business i'll see you then. on the company's saw him with. only one.

hello everyone and welcome to this edition of the press i'm steve malzberg and this week we decided to try something a little different because like everybody else we're adjusting to the new landscape out there it affects the media just as it affects every one of you sitting out there and watching the media or in this case this show so we're going to do it and in-depth interview with the single guest and i think you get to find them to be extremely interesting and and his his opinions are going to are going to really resonate with you i think he's roger l. simon he is the epic time senior political columnist he's also a prize winning novelist and.