oh come on. this is the one business show you can't afford to miss friendship or in washington coming up through shifts which several infected passengers on board have docked in florida in the latest twist in the coronavirus saga see we have a live report straight ahead plus as global movement has been restricted due to lock downs just what impact are the measures having we break down some recent info from google and what we now know about how people are reacting to the shutdown and later with the drop in commerce the globe over jobs have been slashed in several

sectors what toll of these cuts have on the global economy and how are markets reacting we have a packed show today so let's dive right in. and we lead our show today with a possible reprieve in the ongoing oil price war between russia and saudi arabia which has sent the commodity plummeting russian president vladimir putin announced friday his country is ready to cut production as long as other major producers follow suit saying quote according to preliminary estimates i think that we could talk about a reduction in the volume of about $10000000.00 barrels per day a little less maybe a little more adding and i believe that when i talk about partnerships everyone including our partners understands that we can talk about a reduction from the level of production that prevailed before the crisis so far this year all prices on major benchmarks brought. crude in west texas intermediate

have been cut in half due to the crowbars pandemic and the ongoing price war. and as the number of cases of coronavirus has officially eclipsed 1000000 let's take another look at the spread of the virus with our chief correspondent sari tavenner so tell us what's going on today you know brown nearly 4000000000 people and that's half of the people on earth are in some sort of quarantine right now bubble of some countries are ordering a full lockdown you know some us states are straight out are resisting and the reason behind not extending lockdown to every state is that already the global economy has collapsed and pretty much 10000000 jobs in the u.s. have disappeared and that's just in the last 2 weeks so there's a lot of tension right now between our federal mandated lockdown versus state by while the government is still considering a new measure as you know the virus is waiting for no one and it's spreading like a firestorm bringing the a latest u.s.

numbers to over 250000 with over 66500 deaths and of course the u.s. is not alone here as this as a head europe just as bad bringing there condom it to a complete standstill and france germany italy and spain the 4 largest european economies are all in lockdown meaning that the citizens are only allowed to leave their house to buy things like food and medicine and brant the situation has been particularly bad and italy and spain where the numbers i'm affections and deaths are the highest in fact for the 1st time spain has overtaken italy for the number of confirmed cases and with a total of 117000 confirmed cases spain is now 2nd in the number i'm affections only to the us you know which has a population 7 times larger so. spain's total death toll now stands at almost

11002nd only to italy with almost $14000.00 and brenda's really shaking the foundations of the e.u. and i'll give you an example the netherlands which has over 15000 cases and almost $1500.00 death is refusing to join the european debt system to ease the cost of the virus because the dutch government things that they issue a joint debt is a step too far because they just don't have that many infections and you know they're not alone as lawmakers in germany and austria have a similar opinion then there is a swiss government with almost 20000 cases and all there they are not part of a e.u. today they now instead they're doubling the size of their coronavirus emergency loans came to $41000000000.00 after being flooded with requests for help from businesses and this is a major change for the normally hands off

a swiss government grant and now we know that iran has been one of the hardest hit countries as well world over where they are today well you know brant even before the u.s. was leading and leading in the number of reported cases the pandemic was already sweeping through iran are currently more than 3200 deaths in iran with over 53000 confirmed cases have died there but their health care system is just devastated but unfortunately that hasn't stopped the trumpet ministration form hitting the country with tougher sanctions and although the u.s. claims sanctions don't apply to humanitarian assistance many countries and companies are still wary of helping iran out of fear that they could also face sanctions and be cut off from the u.s. financial system. so now to follow up also on something we touched up on yesterday were some passengers are now being. led off to question off the coast of florida r

t correspondent john heidi is deron in south florida with the latest developments john. and the rotterdam were 2 ships that were basically just waiting off the coast of florida fort lauderdale for the green light to dock at port i've read everglades well they got the green my last night they went in they docked medical crews reach the ship ambulances were ready and they got the coronavirus patients that are on board 30 of them off had to local hospitals 13 were critically hill meaning they were really in bad shape and needed hospitalization immediately 4 people died on the sand. so you could just imagine for since march 14th it's been trying to dock it's gone to a number of different ports that have been turned away at every point so it's basically came back to the united states there was some contention between governor

to santas here in florida allowing the ships to dock at the port of entry for glades but i'm agreement was worked out and 2 ships docked last night so that's the good news the bad news is there's another ship that's off the coast coming here that has possible coronavirus fires cases as well so while the drama having to do with this story is over for now possibly a news story is beginning guys back to you argee correspondents john hardy inside challenger thank you both for that comprehensive report. and in a move to provide transparency if that's what they want to call it about exactly what is providing the governments around the world google has released a massive amounts of data which provide a pretty clear look at where people are going and staying during this global virus outbreak though according to reuters google released reports for 131 countries with charts that compared. traffic from february 16th to march 29th to retail

recreational venues train and bus stations grocery stores and workplaces with a 5 week period earlier in the year now based on that data here is what is happening in the us 4747 percent decrease in retail and recreation travel 22 percent decrease in grocery and pharmacy visits 19 percent decrease in visits to parks 51 percent decrease in football to transit stations and a 38 percent decrease in going to work places as well as a 12 percent increase increase to residential locations now these seem like big drops but other western countries experience even bigger drop suggesting the u.s. isn't yet enforcing lockdowns as strictly as europe is now joining us now to discuss and take a look at google's data is boom bust co-host investigative journalist ben swan ben thank you so much for joining me today from this google data we can see that in general here in the united states there has been

a very clear shift in behavior but as i just mention the changes across europe were even more dramatic what did those look like they were yeah i mean obviously you have countries like italy and spain which have had much stricter lock downs look here in the united states we've called for a lock downs depending on the state that you're in really depends on how strict it is in italy it's not been like that they've been extremely precise in what they've been demanding and so when we talk about actual numbers you know visits to restaurants in movie theaters in italy drop by 94 percent which means almost everyone right has doing that also 80 percent declines in places like the philippines for people who are going to retails spots so and even in india which just instituted a lockout only a couple days ago they've already seen just in a matter of days a 77 percent drop so other countries i think it's been more dramatic in those places but i think that's probably expected compared to a country like the united states where people are a little more independent in the way they conduct themselves and. geographically of

course we're spread out here in the united states not to give any color to people but it's just kind of the way it works this is new york and l.a. are different than say fargo north dakota the middle of the country now and one of the more interesting cases is is south korea which was initially hit hard but has had the fastest recovery of any nation what does the data tell us about what is happening there. yeah it was pretty interesting about that is that south korea has actually managed to flatten their curves and if you were 29th i think about that we're sitting here in april the beginning of april and at that very beginning we're still talking about trying to flatten our curve since february 29th they flattened it and have been in a decline so one of the things that the data shows us in south korea is how people did respond not only to lock downs but they went to testing centers and they got tested very quickly which gave authorities an idea of where the virus was spreading and now ben quickly i got about 20 seconds left here there got to be privacy concerns about that i know you've shared those what do you think about that yeah the biggest issue right now is that google has just announced that it is creating

a system by which to monitor not just where people are going in terms of foot traffic but also whether or not people are obeying those lockdown orders and where they are going instead that is a new tool they've just announced they're going to be sharing with government officials there is a huge privacy issue here because people are not opting in they're being forced into the system just by carrying a google product with them boom bust co-host ben swan we'll continue to follow this story thank you so much for your time today you've got to bring. worldwide markets have ended mixed on the week as concerns over the coronavirus continue which have roiled markets in the last quarter and continue to do so at the start of the 2nd quarter let's start in moscow where the mo x. is up for the week now reaching 3 week highs on thursday said its total f.x. market turnover jumped 32 percent year over. a year now this comes as russian

president vladimir putin has opened the door to an end of the oil price war between russia and saudi arabia let's move to asian markets starting in shanghai up on the week now the composite for the week had a sharp decline on monday it recovered most of the losses by weeks and mostly caused by the overnight surge in oil prices where u.s. crude futures soared more than 24 percent the composite did drop by a half a percent on friday alone so that is a little bit of a concern there in hong kong the hang seng also up on the week we're see after seeing significant gains throughout the week and a steep drop on thursday still able to recover despite dipping about point 6 percent as of the final hour of trading in japan the nikkei is down this week closing largely flat by friday after a sharp decline on wednesday but not able to fully recover this while the topics index ended its trading day down on friday as well now moving to india the sensex

is down on the week as the country remains on lockdown the market index tumbled just over 2 percent the sensex is plunging as india seeks as much as $6000000000.00 in loans to fight the coronavirus pandemic moving to australia the a.s.x. is up on the week now most sectors actually finished lower including industrials and consumer discretionary which both fell more than 4 percent of the material sector help offset those losses now the a.s.x. $200.00 lost $500000000000.00 in the 1st quarter of 2020 which actually hurt a lot of people moving over to south africa the johannesburg stock exchange all shares in south africa is up for the week this is the rand we can to all time lows on a friday so we're going to move across the ocean here and head towards europe and the americas where things are looking very similar but we do have a trend of red arrows there is one bright spot it won't be too hard for you to notice that one. now in the u.k.

the footsie it is down for the week as britain posted its biggest quarterly slump since black monday in october of 1907 this comes as the bank of england cancelled dividends and suspended buybacks in france the cac also down for the week the index still saw some gains in the food and drugs gas and water and general financial sectors now moving to germany the dax we're having another red arrow right there and reports that companies like b.m.w. volkswagen and continental all in talks about halting their dividends as well these companies have already cut employee hours and are relying on government aid moving across the ocean the ebo best buy in brazil also down according to some market calculations it's the world's worst performing major equity market in the 1st quarter of 2020 brazilian stocks plunged 51 percent in the last 3 months the collapse in oil prices has played a major role in that decline let's move up to north america here the b.m.v. in mexico it's also down on friday president lopez obrador downplayed calls to ease

the country's debt obligations with external creditors and we're going to move north into the u.s. all 3 major indices are down for the week those massive unemployment numbers are continuing to drag market this week also marked the end of one of the worst quarters in history for the u.s. and finishing in canada here is our loan green arrow for western markets the late week surge in oil prices helped keep the t.s.a. in the green for the week but the overall index did lose just about 2 percent on friday alone it is interesting to see because things are still going to be shut down and we're looking at weeks of this so we'll see where things go that is your global market walk. i'm now for a quick pause but we'll be back in a flash and as we go to break here the numbers at the close.

in london julian assange is standing trial on whether he will be extradited to the u.s. to face espionage charges the stakes could not be higher i saw ages libya even life is on the line freedom of speech is also on trial though you wouldn't know the mainstream media.

your government and our government and all the other major governments of the world know what's going to and when it's gone. 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 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 those should have. a terrible life between now and. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics or business i'm show business i'll see you then.

welcome back here in the united states non-farm payrolls have dropped by more than 700000 according to data released by the u.s. labor department friday now this decline brought on by the coronavirus pandemic is the 1st decline since september of 2010 now the number comes close to the 800000 jobs lost in may of 2009 at the height of the last economic crisis this also comes as the labor department reported that huge number of 6600000 jobless claims for the

week ending march 24th now the u.s. government and central banks have continued to take stimulus measures in an attempt to mitigate the economic impact of job losses as business halts almost completely as we just talked about with bad now the e.u. has also taken steps as the european commission announced the sure program to raise up to 100000000000 euros to deal with unemployment in the block and this is why we introduced today sure sure if. you don't support it short time where. it can mitigate the effects of the recession it keeps people in work. it enables companies to return to the markets with renewed vigor. it isn't to spaded that the 100000000000 in loans will be backed by 25000000000 in guarantees from member states and for more on this we're joined by former fed

insider and c.e.o. of quill intelligence daniel de martino booth always a pleasure to have you on the show. great to be here today so we talked a lot about this recently these unemployment numbers were somewhat expected due to the economic impact of the corona virus but with a technical recession possibly on the horizon do we expect things to go back to normal or are we going to see these declines continue. well so it's interesting i've been following very closely google searches because it's very difficult to get your hands on real time data when time has compressed to the extent that it has i mean every day feels like a week every week feels like a month things are moving so quickly but if you follow google trends and searches for unemployment insurance we've seen one huge wave followed by a 2nd huge wave followed by a 3rd huge wave that's even bigger and the implication is that next week's jobless claims could be as bad or even worse than what we saw on thursday so i'll put this

in context at around 10000000 nearly 10000001950000 on unemployment insurance you're talking about one in 16 americans one out of every 16 american workers is on has applied for jobless claims by next thursday i'm saying that this could be one in 25. americans so a quarter of the population that we're talking about the 1st time that we've seen. one in 4 but the 1st time that we've seen this many people unemployed since the great depression and it's happening in liquid just lightning fast time right now would add right and that's kind of the concern that i have what i look at these numbers because you say you know it could be one in 4 americans by the end of next week right but in reality everybody is going well this is just the coronavirus that once the coronavirus is done but the problem is some of these companies

unfortunately some of these small businesses are not going to make it and even the ones that do may not be able. bring all of their staff back on board at least right away so this could be a long term crisis beyond this public health pandemic correct. yes i think the biggest risk that the markets are not quite incorporating because there's so little visibility going forward is that there's there is no even remote possibility for a v. shaped recovery because there's going to be so much in the way of permanent job loss and because we're going to culturally change as a nation we're going to be much more reticent to spend the way that we once spent and we're going to be much more reticent to go to a sporting event or work concert and there's just going to be a level of frugality that has not existed for multiple generations in the united states because so many families are going to pay a steep price for having no savings going into this crisis to and that creates just a ton of stress so this is this is not just

a pandemic episode i realize that that is the catalyst that what's the has put us in this position today but this is also a reflection on how how little savings americans had going into this crisis and how it's going to change the way that we consume as a country. i don't want to be crass here by any means because there's a lot on the line for a lot of people but did we not learn anything from the last recession which just took place 10 years ago i mean we were a lot of people in the same boat and we're saying the same things that you were saying which is we've learned now we're not going to overspend we're going to say we're going to be ready and it feels like after 5 years we said oh no everything's good. well that is certainly and then the case you know a lot of americans did become more frugal and they stayed more frugal throughout the last decade they're going to be in better shape but to your point we saw a credit card spending go through the roof we've seen americans take out car loans for way more car than they could theoretically afford and the flipside of that is

that easy monetary polly. see that's been conducted by the federal reserve this whole time has made homebuilders and apartment developers go into luxury only so all of the rents 80 percent of the rents in this country are really too high for americans to sustain so this is this is there are different sources of the problem but for the average american household this is going to be a crisis for their budgets you know we have seen another wild week in equity markets with most indices throughout the west ending the week in the red now where do you see markets going from here have we actually hit the bottom at this point. you know i think i think it's very premature to say that we've hit the bottom we still don't know what the and mischa waves of economic damage are going to be we're going to have to figure out how high initial claims are going to go and how long this pandemic is going to keep the country effectively in lock down so it's

premature to say that markets have bottomed and we're also going to be heading into a corporate earnings season when a lot of corporations are on the sidelines in terms of guidance saying that they can't even tell investors they can't even tell shareholders how their company is going to fare in the future because they just don't have that certainty and there are reports out right now analysts are expecting that we could you lose 4 trillion in g.d.p. worldwide due to this pandemic and what is happening right now and we'll keep an eye on that former fed insider daniel de martino both will have you back again soon love your insight thank you so much thank you. and as the world is continued to be forced indoors it's no surprise that people are looking for ways to entertain themselves of course we know streaming giants like netflix hulu and amazon prime video are all seeing increased numbers and now new data is showing video game streaming services service twitch t.v. has seen a 23 percent spike in hours viewed between february and march hitting all time

highs just over 1200000000 hours stream think about that number it's tough to wrap your head around the service also saw a big quarterly jump of 19.5 percent in concurrent viewers it's not just viewers either the service also saw a 33 percent increase in unique channels so more people are becoming content creators as they're stuck inside which isn't alone of course microsoft mixers has also seen a 15 percent gain and you tube gaming well they got a meager bump of about 10 percent and that's it for this time you can catch boom bust on demand on the brand new portable t.v. app available on smartphones through google play an apple app store by searching portable t.v. or stream us to your t.v. by downloading the portable t.v. app on apple t.v. and online at portable t.v. you can also find our coronavirus tracker on the portable t.v.'s where you 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 r.t. see you next time.

actually as a survival. lesson learned. let's say i'm an engineer i'm greece right. thank you for taking. the story that's right. slavery. in 9093 this man was sentenced to death. charged with capital murder even though he

didn't have the gun didn't pull the trigger didn't intend to kill anybody imagine living in your bathroom for the week with the scent of a 23. i don't doubt that he deserved to be. confined within. the funds using. the leave defense room. under our attention is biased to scare information we won't know about more so we will be the. one else how many people died who were well as good say. when there are other. factors that. make a better outcome. given that it's by the by so we have this natural bias.

i just. want. the world according to cherish. i'm back finally from off the grid jesse ventura comes back for the world according to jesse and today of course we're going to talk about the corona virus and the impact it's having on us and the rest of the world sit tight. the world looking. for you to fantasy here with governor jesse ventura jesse welcome back i really missed you. well i missed you to bridgette and i really have to explain i am lost on everything i go off the grid i don't see television i don't read papers i don't know anything about what's going on so when the coronavirus hit i got only

bits and pieces down in mexico and i will tell you this the mexican government was kind but they asked all of us gringos to please go home and that was simply because they haven't gotten hit yet and they feel if they do get hit they don't have the capability to take care of their people as well as our people so i followed their advice i drove my wife and i drove home and i got to tell you bridgette it was one of the greatest drives all traffic is down to virtually nothing you can get a hotel rooms any way you want food is there but you gotta go pick it up you can't go sit down and eat and all the gas stations are open and the prices i can't believe i was paying a $1.73 a gallon out there now isn't it ironic that the prices drop through the air are so low now and yet we're not allowed to or shouldn't be.