this is boom bust that one business show you can't afford to miss. in washington coming up global markets rally on hopes that the coronavirus is finally stabilizing then oil on oversupply as a price war between russia and saudi arabia continues finally the popular losing momentum this is due to well explain was boom bust co-host the packed up with a new today so let's go and get. the crown of iris epidemic continues to 3rd

some countries are still waiting for the worst to come the global death toll now at nearly $74000.00 with more than $1300000.00 comparable cases in japan prime minister shinzo abbay said he will declare a state of emergency for tokyo and 6 other prefectures as early as tuesday. we have from experts that the government should prepare for a state of emergency declaration i want to huge scale never before seen night we have decided to give them internet konami measures one of 108 trillion yen one trillion us dollars which is equivalent to 20 percent of japan's g.d.p. . japan's health ministry house confirmed more than 3600 cases including 84 deaths china cautiously opening back up as a large crowds began to fill popular tourist sites in major cities health authorities are warning the risk remains on monday the national health commission

reported 78 new. asymptomatic cases confirmed on sunday that's almost double compared to saturday's 47 infections the surge poses a threat to one china the epicenter of the virus that is supposed to allow people to freely leave their homes on april 8th the 1st time in nearly 2 months now over to australia where police have launched a criminal investigation into the docking of cruise ship ruby princess passengers were allowed to disembark in sydney this despite some exhibiting flulike symptoms more than $600.00 people on board that ship later tested positive and 10 have died so far in the middle east iraq is the worst country hit with the pandemic while it's still struggling to contain the virus on monday foreign ministry spokesman told journalists that iran will not seek assistance from the u.s. to battle the koven 1000 pandemic. look we have not made and will not make any request to the united states of america

to send medical and health assistance to the islamic republic of iran it is not our policy to request help from the statesmen of the american regime what they are seeking and have revealed as well is to keep iran in this difficult situation and predicament so they can take advantage of it until the iranian nation is worn out and desperate and goes to the negotiating table the country's health ministry said $136.00 have been reported in just 24 hours bringing the total death toll to $3739.00 with more than 60500 confirmed cases meanwhile in europe britain's prime minister boris johnson remains hospitalized for observation after complications from the krona virus he is now in intensive care due to a high fever recommended by doctors the u.k. recorded more than 5300 deaths and more than 52000 confirmed cases on sunday spain saw both the smallest increase in death toll in one day he's on the smallest

increase in the new number of infections this was since the start of the outbreak the country that toll is more than 13000 with more than 135000 cases which is only thakin to the united states the country still today with the most infections that the u.s. has more than 352000 cases and more than 10000 people have died health officials are warning things will get much worse the u.s. surgeon general jerome adams said the week will be the hardest and the saddest for americans he even compared it to pearl harbor and 911 this while president trump said that we don't have enough time to wait for a vaccine that's one of the things with a vaccine when we have a vaccine we have to do it just because when you inject their vaccine when they take what ever it is they have to take we have to make sure does it have a horrible impact destroy issue. body good so we have to test it for a long period of time this one not so much because it's been out there now i'm not

acting as a doctor i'm saying. do what you want but there are some good surrogates for new york new jersey michigan illinois and louisiana all hot spots where numbers are surging as governors across the country seek scarce ventilators ever more numbers and information on the krona virus be sure to check out our portable dot tv app and look for the section tracking chrono virus. for a market analysis let's turn to boom bust co-host christine christie how are the markets this monday. well sarah u.s. equities jumped monday gaining over 6 percent as the number of new coronavirus case in the u.s. appeared to slow down well it is still too early to determine a lasting trend there are signs of stabilization and hostile rays which help to lift sentiment and some of the most batter names are getting a live today with carnival cruise lines up over 25 percent as saudi arabia sovereign wealth fund revealed that it has built up an 8.2 percent stake in the

company analysts continue to upgrade names such as tesla on e bay on the hopes that the rebound this time is for real however j.p. morgan's jamie dimon issue a note of warning saying that he expects the crown a virus to include a bad recession with elements of financial strain similar to that of the 2008 downturn j.p.n. dividend may also be suspended in order to preserve capital and that was a message that has shocked the entire industry citibank likewise also warned that global corporate earnings could fall by 50 percent in 2020 and that stock prices have further room to drop to reflect the likely profit decline so while we are getting some relief today and might still be too early china which has started to reopen the economy after now being victory against its battle with corona virus might be falling back into another cycle in his rush to restart the economy another cluster has emerged as china reported 39 new cases as of sunday. from 30 a day earlier so it does appear that the disease is reestablishing itself yet again and that round 2 of the pandemic may just be getting started or oil prices however

fell monday by 6 percent despite sources claiming that moscow and riyadh were quote very close to an oil deal to reduce output now this deal brokered by president trump would finally bring much needed stability to the oil markets where they would cut production by up to 15000000 barrels the market was expecting a meeting to be announced on monday but tensions between the parties have escalated yet again and that has been pushed out and delayed now until thursday we hinted last friday that this oil deal might not be so straightforward and that the u.s. will also have to give up something in return saudi's oil minister on sunday mentioned that it will need the support from produces outside of opec plus specifically citing the u.s. canada and norway so it seems like it will be our all in or nothing type deal russia and saudi arabia will need u.s. participation in some shape or form to cut production along with them. well thank you christy for that have more we want to bring in peter schiff c.e.o.

of euro pacific capital now peter i want to start by asking you are we starting to see a turning point as christi pointed out in the market as we get better data out of the coronavirus death or has all the news now been priced at and do we have a bottom now. well i tend to doubt it you know too many people are focused on the pin and ignoring the bubble that the pinprick you know before the covert 19 shut down the u.s. economy was long overdue for a severe recession and the us stock market was long overdue for a bear market so i think that call would virus simply accelerated the onset of both and so 'd all that's going to happen is that we're going to return to a recession and a bear market so i would not get excited about this rally i think we still have a long way to go on the down side and the economy i think is going to be even worse

well chrystia your thought some people even comparing this not only now to the 2000 it recession but to the great depression that we haven't seen and our lifetimes kristie your thoughts. yes i agree with peter on that that this is not the end this is not something else balance and we still have a long way to fall because i think earning power along with the fall we still have massive unemployment tail tail from this entire coronavirus epidemic and we're nowhere near the bottom right now the s. and p. just reached the previous level of $2600.00 so right now it's been proven that we found 2600 as it tries to attempt to gain support level or and then out bush a long term bottom this really has been a roller coaster in the past couple of weeks one day it's down the next it's up i mean and i'm sure there is there's more to come as you both have said now peter on friday the p.p.p. program the president signed into law it was gradually rolled out but what has been the response to this matter. well i mean as you would expect

a lot of people are trying to line up for whatever free money the government is handing out but of course it's not free there is going to be a heavy price to be paid in terms of the loss of purchasing power of the u.s. dollar as prices respond to all the new money being created by going off plus of course these programs are doing far more harm than good. i don't even think they are doing any good but what they are doing is they are exacerbating the downturn and they are going to push the recovery off even further into the future because the government is basically encouraging businesses that should be downsizing and kind of adjusting their cost structure to the new reality instead the government is encouraging them to hold onto employees that they would be better off letting go and freeing up to do something else instead they're going to keep some employees entrenched in companies that are probably going to end up failing because they refuse to lay off people and so instead they're going to have to lay off even more people later and i think

a lot of these loans are never going to be repaid because even the people that don't fire their workers a lot of these businesses are going to go out of business because they didn't fire their workers and then everybody is going to be out of a job and the government's not going to get any money back because the loans have no security and there's no personal guarantee and that's that's been a big issue here also the repayment of these loans and whether or not these companies like you said will actually be able to pay for them especially with the rehiring of these employees without letting them go kristie i want to ask you fed board as saying has said that this basically jobs will come back and that the markets will come back as well as soon as the coronavirus and there's no timeline set to that will these jobs even come back. well it is likely that the child will eventually come back but as we said previously we don't expect it's been shaped recovery as so many analysts are so optimistic about simply because there is such a long tail with the coronavirus and we have to back and forth between a very heavy supply shock with which we've seen in china already and then we

coupled that with the demand shock right now from lack of consumption if people don't have jobs they don't have personal income that they don't have income to then spend on consumption and services etc so it becomes a very strong back and forth balancing between the 2 and so that makes the tail of the. very very long lasting long lasting indeed as you said earlier that china could be seeing a repeat of a 2nd cycle which is something that dr fauci has said time and time again and the united states and the world of but peter i want to talk about cold it's up over 3 percent today well equities are soaring now usually interesting because investors are either risk on or risk but today looks like to be a risk on type of day and testers are buying equities and they're offering up some bonds but why is gold still up. well i do the risk is inflation the only thing that's propping up the stock market is the fed and other central banks printing money which is creating inflation so you don't have earnings

going for the stock market all you have is all the cheap money that's being created and inflation is much better for gold than it is for the stock market and so that's why both stocks and gold are going up but i think eventually gold is going to be going up much more than the stock market and i think gold is going to be going up even as the stock market rolls over and goes down so i think in terms of gold stock prices are going to continue to fall in fact they're going to fall 'd precipitously regardless of what happens to nominal stock prices because of the massive inflation being on leash by the fed and other central banks well christine we have about a minute left but i do want to get this last question and things are looking better today but well. we be getting another relief bill it may even take months before people get their checks are you thinking there will be a 2nd. well right now it looks like good news is bad news because the entire narrative is that you don't want the data to be too good because then you risk losing out on this 4th stimulus package because right now we have this kind of wait

and see mentality however pelosi is heavily pushing for a 4th stimulus package to come in as early as this month in april however we need to figure out the strength of the unemployment benefits and the 2nd round of direct payments that could potentially be offered up to assist these small businesses as a lot of them have been excluded from the 1st round such as the postal service such as farmers and this also comes as a record number of americans last week just for unemployment 6600000 and that's a huge number that we now have to deal with so there is potential for stimulus package but it may not be as robust as we've seen and it's a record breaking number that we're seeing of unemployment hopefully we can come up with some sort of solution before it's too late peter schiff c.e.o. of euro pacific capital and boom bust co-host christy i thank you for your time. time now for a quick break but hang here because when we return bankrupt hospitals are back in demand to help fight the 1000 pandemic plus will it really and why many businesses and school systems are now opting out of using this new law now as we got

a break here the numbers after. this so. i don't trust medical authority at all ever and the reason for that is i had this horrible autoimmune disorder growing up and it turns out it was completely alleviated with very drastic dietary measures and i went to a number of doctors to discuss what happened to me and i was basically laughed at like diet has nothing to do with autoimmune disorders so my suggestion to people who have health issues they can't figure out if they're going to see

a medical professional and they've been going for 10 years and they're still in the same place they should probably take it upon themselves to start testing things out testing out diet testing out exercise and try and figure out things on their own. this is a story of women women with troubled histories and complex court cases we know some of us did leave leave who lives out there. who were not. the person that is the cheesiness of the day are considered the most dangerous of criminals she's in a civil. all the off 23 hours of the day tell me that it's not enough for this but it will give women on death row.

the ballooning number of coronavirus cases it's putting bankrupt hospitals back to work well the facilities are needed to provide more care to the growing number of patients and an infusion of state and federal money is helping to make that possible legal. journalist molly barrows joins us now with more molly thank you for joining us today now i want to i want to say these these hospitals are actually helping these people are coming back to opening but they were already struggling before this which which actually is very interesting they've been struggling before the crisis even began but it's good to know that they are trying to help the already closed hospitals and putting them back in business as more nurses and health care providers are needed to combat this pandemic now the state and federal

dollars molly thank you for joining us today with the state and federal dollars who are helping to put these hospitals back in business but i want to start with what's even going on with these struggling hospitals and in some cases even ones that were already closed. well basically they're being commandeered to be put back into action because they're having such high numbers of patients and they need places to treat them you know you see what's happening in new york city where they've had to open the convention center well especially in rural places there's a hospital in washington state for example or state officials have stepped in it was already closed and a federal judge approved a lease basically between the state health department and the debtors the creditors to reopen this this hospital that was already closed in order to be able to treat these patients so that's one example you've got another hospital in los angeles where the billionaire owner of the l.a. times is working to get this hospital reopened as well i think they're one step closer to doing that too you know and it's a bigger commentary really about the struggle that especially rule hospitals have

faced with declining revenue streams and other issues but this is essentially what's happening they need the beds they need the space you've got hospitals that can provide that they've been closed so they're unlocking the doors there and shattering the windows if you will in order to temporarily meet this demand and it's happening at hospitals across the country well thank goodness for that but how are state and federal dollars and being used to help. well it's going to be very similar to what you're seeing with the small business loans and other sorts of federal and state a that's. in provided to businesses that are struggling because the economy has taken a decade that 2 trillion dollars stimulus package was passed well trump said we're going to take $100000000000.00 of that we're going to put it towards hospitals to reimburse them for lost expenses as well as costs related to the coronavirus so he also was getting criticism for not basically opening the affordable care act again so that these increasing numbers of unemployed people could apply for health insurance so part of that 100000000000 will be used to basically pay for care treatment of uninsured patients who have the coronavirus now hospitals very

grateful of course for that infusion of cash but that money that they're going to take from that 100000000000 the hospitals were only expecting about 65 now even more of that is going to go to help pay for uninsured care and they're saying well hey we really need that to pay for ventilators masks protective equipment and clothing for our health care workers as well so it's going to be it's going to be interesting this is basically dealing from mary to pay paul if you will like your member how that goes exactly i think for peter to pay paul right will it's helping people for now that desperately need the help but why were so many hospitals already struggling even before this crisis in the 1st place where people healthy. you know i think the real issue is that we have for profit medical insurers and this country and that really is a whole nother story for another time but this pandemic is bringing to light so many gaps between the haves and the have nots and it certainly comes to the disparity with access to health care rural hospitals have been struggling for some

time this pandemic is basically making it so that they've got to put all their resources already dealing with limited revenue streams lower reimbursements for medicaid and medicare from the federal government they were making some money off elective surgeries and other procedures like that but now that they've been able they've had to delay those and put those on the table and so you have like 30 hospitals actually declare bankruptcy stare and just last year for a variety of reasons so you have right and then you have a pandemic there really. highlights all the problems that they're experiencing anyway socially across this country and then now we're having to reinstate some of these hospitals which is good like you so we can help people meantime but there are some fundamental issues that need to be addressed for the long term that this pandemic is bringing to light especially because again like we've mentioned time and time again there's no timeline we don't know how long this will last at least for now they're having more beds and more attention for those people who who really need it molly barrows contributor with america's lawyer thank you so much for your time thanks there. with so many people telecommuting and working the online

services like soom there have also been a lot of problems stemming from that knows whom usage has skyrocketed since stay at home orders have been issued by cities and states but as many people have turned to zoom for everything from work from home school from home and even yoga classes from home have also started creating problems through something called zoom bombing what is in bombing well that's when internet trolls jump into public zoom calls and use a platform screen sharing feature to project graphic and even pornographic content to the preference to the conference participants actually will in those cases the host is then forced to shut down the event it's become such a problem that federal prosecutors are now warning that there could be serious legal consequences for xoom bombing perpetrators and now do with self a saying that it's going to take steps in order to protect users by upping security will joining us now to discuss is google plus of journalist ben swan but zoom

bombing what kind of changes it is saying that they're actually going to make. and one of the things they're doing and by the way the media say zoom bombing is one of the problems certainly was in was not the only problem so what they're doing the company is doing to deal with zoom bombing specifically itself is of a are announcing a 90 day freeze on any new roll outs of new developments for zoom so they can concentrate specifically on privacy and this was an announcement they just made and those improvements they say are things like this are going to turn on passwords and waiting rooms for people trying to join meetings for the free version or the cheapest version of sim right now it's only in the paid versions which is you know you know how that works with a lot of these companies if you pay for the more expensive version you get more privacy features but what they're trying to do now is say even if you have the free version online we're going to attach those privacy elements to it but there's a lot coming out about zoom including sarah the fact that you know suman said for a long time that it has encrypted in its calls we now know that is not true it

actually doesn't have that is just something that that the company went around saying so they're really working right now to try to fix some of these things because it's creating a whole host of problems for well you're mentioning a lot of other post of problems that are going on other concerns over just beyond privacy bombing security researchers have found that automated tools can at gander and scrape the all meetings using i.d.'s now what do we know about that. yeah it's kind of a big deal so there's these 2 researchers who essentially took an automated tool it's called the z. war dial it could automatically take that program and search through hundreds of different zoom calls and actually be able to attach a zoom color the identity of that zoom color to it just using a very simple automated tool and they were able to do i believe $2400.00 zoom meetings in a single day using one automated program so it was pretty efficient but what they did find interesting lee was that when they attempted to do this they were not able to scan or to scrape the terms they use there any of these zoom calls that had

privacy or password protections on them so it was a password protected zone call they couldn't do this only in the free versions in those password protected versions so that's why now by the company stepping up and doing this they might actually be fixing 2 problems and one and effectually you'll need to pay for it like upgrade or not i mean nothing really comes free but is there any way to actually stop this from happening now with these new changes that were announced by the address this other problem. they will address the other problem in theory right now as i said because of the fact that it's you know these password protected ones versions of zoom you don't have that problem to your point yes you're right nothing is free but at least in the short term was humans trying very hard right now to ride the wave of momentum that should be helping the company in terms of investment people say hey this is a great company they've got to fix the problems they have so at least right now that password protection will be free for zune users even using the free version

simply because it has a long way to go at this critical moment to restore its image to say we are a legitimate company and a legitimate player in this space not to be seen as just some kind of a company that people say well that was a good idea it just didn't work especially nowadays that where we're thing that a lot of school departments in education new york system public school system banished and banned from on line courses as well as some of the thank you. boom bust co-host pence one. that's it for the time you can catch boom bust on the man on the brand new portable t.v. app available on smartphones to google play and the apple app store by searching portable t.v. and as always check this out on you tube dot com slash boom bust r.t. the next time. as we head into the bitcoin singularity it's the single most important thing that ever happened to humanity sounds the creation or invention or just come real fire.

the world is driven by a dream shaped by one person with those words. the day or thinks. we dared to ask. so what we've got to do is identify the threats that we have it's crazy don't foundation let it be an arms race move this on all fronts very dramatic development only really i'm going to do exist i don't see how that strategy will be successful very critical time time to sit down and talk.

looms blue of them so moving. who was before. much of those who heard something new who knew. we were going. but it. will show you didn't look beautiful the militants looked good. muslim also there's also good you've gone through good girls. don't go to school so look i do the same you know you kiss well it's good to go. starts to. it's needed so it was

a little missed let's see a look it is it's. just testing understand just you know it's a mash tun truck stop the president and please introduce me to. those who have petitions to go to listen to snippets of what the new look because that was the cause of that zionist supporters to go shoot station shouldn't be you should cut off the one who's doing business.

greetings and sell you tahsin z. yes well come walk watchers what and what time we are living in to welcome you all back yes my friends we are back with a new show right in time for the troops coronavirus chaos to begin here in the united states of america at least that's what the white house and trump administration are finally. admitting after weeks and weeks of it's really bad really no no no it's really bad you know easter is going to be big league open for business but but seriously it's really bad stay at home button. and staying at home is exactly what many of us across the country are doing staying at home and going on strike yes in recent days we've seen average u.s. citizens from all walks of life suddenly spring to life as they are rising up against the many forms of financial oppression they face in these very upright.