Skip to main content

tv   Boom Bust  RT  April 8, 2020 9:30am-10:31am EDT

9:30 am
this is a boom bust the one business show you can't afford to miss. in washington coming up markets continue to surge upward but is this just a bump or a sign of better things to come. world oil prices continue to cover around the lows the u.s. may have to make some oil of their own than i am of you and for social distancing in a warehouse but privacy and health concerns for their workers continue to have a packed show today so let's go and i've read it.
9:31 am
lockdowns across the globe show signs they are indeed working while the crown a virus continues to change the world with global that toll now at more than 80700 nearly with more than 1400000 confirmed cases as expected japan's prime minister shinzo abe declared a month long state of emergency for tokyo and 6 other prefectures to ramp up defense against the spread of covert 19. even though a state of emergency has been declared. in foreign countries economic in the services such as public transportation will continue as much as possible in our polls he remains unchanged in that we prevent the spread of infection by taking measures against situations that involve the 3 close close spaces close did city in close contacts. the move comes as a request for people to stay at home but not an official order and violators will
9:32 am
not be penalized the new number of cases in tokyo have surged with 1160 new cases the region has a population of 14000000 people on tuesday china reported 0 krona virus deaths for the 1st time since january that's when the outbreak began the country is slowly opening back up while bracing for a possible 2nd wave meanwhile the world health organization warns against easing restrictions too early w.h.o. spokesman christian lynn mayer say that it's similar to being sick yourself if you get out of bed too early and get running too early you risk falling back and having complications india's 21 they locked on means by cases are still growing that count rise to more than 5300 a country with a population of more than 1300000000 people british prime minister boris johnson still in intensive care he's receiving standard oxygen treatment but spokesperson for the prime minister has said johnson's condition is stable and he remains in
9:33 am
good spirits he was not required or has not required a mechanical ventilator world leaders came together to wish him a speedy recovery and he look you're sure you have a bug to send wish him some of the coverage on your behalf of the religion right minister board giuliani don't you believe he went down fighting the vi to be a. good leader is now he's going to your 1st ever yone well i also know a straight say will see you that he will drop in or most resources the capacity to overcome this ordeal i wish him a full and speedy recovery i also want to send best wishes to a very good friend of mine. another friend during lation prime minister burrs johnson americans are all praying for his recovery he's been a really good friend is really really something very special to the u.k. now with nearly 56000 confirmed cases and more than $6100.00 deaths now spain which has the world's 2nd largest toll after italy reported
9:34 am
a renewed rise in new cases and death after several days of declines spain's health ministry reported $743.00 deaths in the past 24 hours almost 5500 new cases on tuesday that's more than the 1000 reported on monday italy is cautiously moving to ease lock down restrictions after seeing a slight flattening of the curve the u.s. still has the world's largest number of confirmed cases with more than 383008 death toll of 12000 of states across america are starting to see signs of hope especially those who took aggressive measures early on like california well the next 2 weeks are crucial for americans and combating the pandemic before numbers and information on the coronavirus be sure to check out our portable dot tv app and look for the section tracking coronavirus. for more on just how this coven 1000 pandemic is affecting markets we turn to bust co-host christine chrystia markets are they still rallying. well i'm sorry u.s.
9:35 am
equities this morning continue to build on the strong gains from monday as investors grew slightly more optimistic that things were getting under control with the dow up 900 points at one point in the day however later on in the session those stocks gave up all their games within the final hour of trading turning negative as sentiments hour whether or not the outbreak is actually improving the markets closed pretty flat slightly down as investors tried to balance a risk to the downside with the opportunity to the upside from this point where we stand today while the equity market is looking up slightly the same sentiment is not shared on main street where pretty much the u.s. remains on lockdown forcing americans to drastically change their daily lifestyle. 73 percent of americans in f.t. survey polled that their income had been dramatically reduced with nearly half saying that they would be without any income at all if they were unable to work economists have pointed out that the optimism could be premature as investors were failing to price in the long term follow effects of the crisis so this entire move
9:36 am
was driven by optimism are not our investors that sure cited to sustain a rally up over 20 percent from the lows while the us economy is at a complete standstill so another answer is no much of this move has been nothing more than a giant normas there squeeze rally driven by panic exits from the shorts the worry over the pandemic is not over in fact we are likely to start seeing some of this pop getting faded as investors take gains somewhere to end a day to day and the bear squeeze has run its entire course net short positions have already reduced by 20 percent since its peak april 3rd and we can assume that there are no more forced liquidations coming from funds blowing up so now what's next well as this rally gets faded and we get more data points of what the reality looks like after the pandemic or likely to head lower as the market is hit with a wave of insolvency it's never seen before unless fiscal policy moves quick enough to support the markets and broadly implement stimulus to jumpstart the economy before things snowball out of control the u.s.
9:37 am
treasury is now prepared to ask congress for a further $250000000000.00 for the small business lending program increasing the total size of the payroll protection program to $600000000000.00 as banks have been overwhelmed by applications already since the program began operating on friday the fed has moved to bolster these p.p.p. loans by allowing the banks to turn those loans over to central banks for cash this will ease concerns among the banks about getting stuck holding the low interest loans and encourage banks to make loans under the p.p.p. so if that sounds familiar to everyone this program is an exact repeat of the arrangement the us government has had with the mortgage agencies. like fannie mae and freddie mac. and now finally as we turn over to the oil front w.t.r. is down another 2 percent today as we wait for further guidance out of saudi arabia and russia reuters sources reported that they are meeting on thursday and are likely to agree on a production cut but only if the u.s. joins the effort without the u.s.
9:38 am
there will be no deal other countries mentioned by opec to collectively reduce production include canada and brazil. kristie i thank you for that analysis but for more we are now joined by editorial director of the american institute for economic research jeffrey tucker and she started just above a trading target of a horowitz gentlemen thank you for joining me today markets seem to be rallying a little bit at least for now jeff i want to start with you will we see more fiscal policy being rolled out in the coming months and when will we start seeing it's a fax actually taking hold what kind of policies should we really expect to see. there's no chance for there to be any stimulus so long as the economy is basically closed i mean i don't even know what that means what are you stimulating i mean right now we've got grocery stores opening open and essential what the paul political class calls essential businesses but there's stimulus can have no effects long as this is the economy is not opening right now markets are rallying at the slightest hint of liberalization and in the last 24 hours we saw
9:39 am
a little bit of that some opinions change in some editorial writers begging for a smelt in the us and that gave a little bit of optimism to the markets that are desperate like. water like a person starving in the desert so that's giving a little bit of. buoyancy to the markets but but there's not going to be any stimulus at all in till we see markets open and they can they can pass some of the trillion dollar stimulus package and 2nd make any difference into the markets reopen a lot of them are looking at even the danger of even more hyper inflation when we're already seeing now but a lot of like the fed the government still making these moves toward i want to ask you which country do you think is best positioned during this pandemic to to recover quickly more quickly and even better and sooner i guess you could ask. good evidence for us and the united states is the best country is going to recover
9:40 am
i mean we were in reasonable wroth although we were in the early stages of a recession we still have the greatest opportunity to grow and we're going to we're going to come out of this just fine and when it's all said and done we'll get back on pace again we've still got this recession to deal with however it's being forced to be quicker based on the coronavirus so a lot of these things are going to shake it out but the stimulus is not going to stimulate the economy but it is going to keep people off the unemployment rolls if they can borrow the money and it will continue to keep grocery stores in amazon and countries like that selling goods so i guess. it's ugly it's a bad situation it will get better and we are by far the best equipped to move forward once it's over one the problem is that once it's over even dr fox he said on monday that there will be a new normal that there will no it will never be the same essentially but todd there is hope on optimism and optimism that the curve is as potentially starting to flatten but the real challenge begins once we reopen the economy markets right
9:41 am
which is the cleanup and the rebuilding after the fact what lasting changes do you expect to see after this pandemic is actually passed. i mean 1st of all of you do you treat this like a war which is kind of what it is we will grow we will grow quickly and strong companies will survive and make a lot of money but i think the biggest problems you're going to see is getting back into theatres concerts sports venues you know there's a lot of employees there that their whole lives depend on working in those venues and those venues are not going to come back for months of not year or year i mean we're not going to see full house stadiums with 60000 or 100000 people there so that's the 1st thing we're going to see and the lack of people going to rust runs crowded bars those are going to be a long time in coming before we get people to go back there because we're going to still keep our social business and until we have a solid vaccine and we have a better understanding of what this is which is probably no more than the flu once
9:42 am
it's figured out is that we'll get back to normal but until then it's going to be very cautious and proceed with caution and i think all the venues are going to proceed with caution as well which means that we're not coming back quite so fast when it comes to the big thing and even once they open the not so big things restaurants well even traveling getting on a plane that does somebody want to sit that close to someone when you're stuck in the middle seat for over 6 hours of during a flight but jeffrey i want to ask you this now the fed is moving and saying that they're going to announce. announce more details of. the s.b.a. loans a small business loans administration loans the new term technically the finance arrangements for a long under that p.p.p. program right now these loans are essentially they're put there when they're giving back to the banks with cash but they're the central bank now what do we expect them to announce later this week. look here's the irony of
9:43 am
this for 10 years the regulators have been telling banks be more careful be more cautious do your deal do due diligence don't be throwing money good money after bad and so on and so now the regulators are expecting banks to ramp up loan applications from you know a sow's on a month to a 1000000 a month it's not going to happen they can bribe or stamp this stuff but they also run a real risk that once this economy reopens the regulators going to come after the banks in the banks again for being reckless just like they did in 200-2008 so this is not the banks are not going to be just ready to go along with this and ultimately the liability is borne by the banks both in terms of the financial liability and the regulatory liabilities so you can't just like convert a regime from being extremely strict to being outrageously liberal overnight because a few politicians want it so i don't you know washington can order these things the
9:44 am
fed can order these things but ultimately it comes down to the local banker and their risk portfolios and what it will and to accept and essentially it's a loan on top of the law where the u.s. central bank is getting involved in helping these banks so that they are still able to lend to these other companies for a higher interest rate so they're not losing but that's all the time we have today gentlemen jeffrey tucker editorial director with the american institute for economic research and todd horwitz from of the trading thank you so much. time now for a quick break but hang here because when we return we'll tell you the lengths amazon is willing to go out to enforce distant think that employees plus we work we were filed a lawsuit claiming softbank is dropping out of a $1000000000.00 deal and as we go to break here the number that the clothes.
9:45 am
she manatee is on the edge of a precipice thanks to continuing destruction of the natural world. she just seemed laid out a lot of bills lots of. losing much of her own leader of. the mob and you didn't pull. up and you. got all of the war. or the. only dealing in the muslim world as a little book you. can stuff it and get them see that because they will miss the
9:46 am
movement. of human activity has brought us to the brink of the world's 6th major extinction of it and the people in this film just can't take it anymore. what is the difference between embarrassing gaffes and elder abuse joe biden certainly excels at the former and maybe is the victim of the latter we are told mention of mental health is off limits to what degree is the public the right to know. this is a story of women women with troubled histories and complex court cases you know some of us did leave. out there. were not. the
9:47 am
person that there is a cheesiness of the they are considered the most dangerous of criminals she's in a still. all the last 23 hours of the day tell me that it's not enough punishment it will give women on death row. the world is driven by shaped by one person those. things. we dare to ask. for.
9:48 am
more problems for amazon as a company is reportedly now warning employees that they could be fired for violating social distancing rules out amazon has reportedly ordered workers at warehouse. across the country to stay 6 feet away from their colleagues among other protective measures in order to limit the spread of the coronavirus the facilities that make up amazon's vast logistics networks vary in size and headcount depending on their function some fulfillment centers are the size of 26 football fields and employ thousands of workers making it challenging for amazon to ensure these social distancing rules but is there more to the story well joining us now to go deeper into the state of reporter and boom bust co-host swan ben why is amazon taking the step right now. well look amazon would say that they're doing this because they
9:49 am
need to protect their workers and look out for them in terms of the covert 19 and prevent it spread right by instituting really by an incredible use of force social distancing guidelines they're not even rules they refer to them as rules are not rules or guidelines but amazon says if you violate them will fire you but the real reason i think amazon is doing this remember sarah is that it was just what last week that we saw amazon make headlines for firing a warehouse worker in stanton island new york as it was chris smalls and chris mauls remember this this guy organized a walkout saying that amazon was not protecting workers amazon fired him and then said oh it had nothing to do with that that walkout that he organized even though they fired him the same day they say it was because he was violating the social distancing rules and then read you the statement that amazon has made about this they said quote we had some instances of employees intentionally violating our clear guidelines on social distancing at our sites which in danger is what the
9:50 am
individual and their colleagues we are taking in tins measures to ensure the health and safety of employees across our sites who are performing in the central role role for their communities during this crisis what this looks like to me is that amazon messed up by firing this guy the same day who organized that walkout they said they did it for that reason and now they're trying to play a game that we would refer to as see why a in order to say no it's not just him we do this with many people so now they're trying to make up for some of their mistakes that they made last week even not reporting when i remember we discussed a ban on employees that were infected with the virus but one of the concerns being voiced by these employees is that while there are these rules being put on the warehouse workers there's also concern that they will not be equally applied to that warehouse manager is that true yeah oh that's that's one of the major concerns here because it seems like these rules are being focused on warehouse workers in fact some of the statements coming from ems on a kind of strange saying things like we saw people gathering around
9:51 am
a water. cooler at one point to talk to each other and they weren't 6 feet apart and those people would essentially be eligible to be fired under this guideline but there's no rules about managers approaching people talking to him again so you made a really good point there and i don't want viewers to miss it amazon is the same company that has had 10 different sites where house sites where people have tested positive for covert 1000 they have coronavirus and the employees at those sites were not notified notified by amazon nor were they notified by a manager they found out because of facebook posts they found out because of local news reports so amazon has not been forthcoming with employees and for them to now turn around and say we are so concerned with protecting the ploys that will fire you if you get too close to another employee this thing just stinks it smells like an attempt to again cover up the fact that they fired some employees for organizing and walking out and so they're trying to protect themselves by saying you know it wasn't an isolated case and maybe it's also being done to prevent other workers from organizing in the near future if that's the case they should be fair across
9:52 am
the board and also apply to managers and everyone working there will be one of the best co-host an investigative reporter thank you for your time sir thanks. for the trouble of co working at start up we were is suing the company's largest investor soft bank for withdrawing its $3000000000.00 tender offer a legal journalist molly barrows contributor with america's lawyer joins us now with more on the lawsuit softbank controls we work now molly what is the basis of we works claim here. i don't know that they really have much of a legal standing i mean that's just my opinion clearly they think they do they filed this lawsuit but basically the gist of it is hey you backed out you violated our contract and you know i think we worked our rather soft banks position is that we don't want to dig ourselves into a hole any deeper than we already are it was already a mistake i think the c.e.o. of the tech giant out of japan was saying to even attempt to invest. originally.
9:53 am
$9000000000.00 so this $3000000000.00 was going to go towards if that had gone through towards shareholders itself paying employees and some of the money was also going to go to buy back shares from the founder and former c.e.o. adam newman who has certainly been the center of controversy but basically soft bank said they're pulling out because of civil and other criminal investigations into the company for a variety of other reasons but that was the reason where we work said we're not buying it you should have done the and here we are well what damages is the company actually seeking i mean what happened to we were going forward. yes and so i think that is the big question isn't it they were the darling of wall street now they're pariah because the business has continued to fail and basically again the c.e.o. of soft bank said that he felt like he put too much trust in the entrepreneur the founder adam newman who started this because that's what this investigation is about you know well the answer your other question they do want to can but they
9:54 am
want the deal to go through that's what they're asking for because they need it they need it to restructure their debt and what will happen is that bank has remained committed to this company they've already poured 5000000000 to help them with their debt as it is they said customers employees are going to notice a difference we work a saying that our smaller shareholders will because this by backing out of the deal they're not going to have liquidity for those smaller shareholders but basically adam newman is the focus of some of these criminal investigations at least by the new york attorney general's office who are self dealing buying properties then renting them back to work he also plan to charge them $6000000.00 because they were going to rebrand the company to a different name and he wanted to charge for that name the use of that name so it looks as if adam newman was part of the concern that softbank had even though he's no longer heading up that ship if you will they're going to keep the money that they've invested they said again customers employees won't notice a difference but it looks certainly like they are backing out of this deal sarah and i don't think what works threat of
9:55 am
a lawsuit is really going to affect them they said it wouldn't especially now during these times or in the pandemic i mean it's affecting a lot of a lot of companies but we work is one of them as well it but it still seems to be receiving a vision fun like you mentioned from softbank of millions of dollars for aid so just because they withdrew is doesn't mean that they're not still helping the company but we'll see where where i am far this lawsuit will go really barrow's contributor with america's lawyer thank you so much for your time. thanks sarah. showing an ounce to plans to launch a 2nd unmanned test flight of its c s t $100.00 starliner crew ferry ship now this comes after the initial flight last year encountered sought. for glitches that prevented the capsule from reaching international airspace boeing said the mission will allow the company to complete all flight test objectives and evaluate the performance of the 2nd starliner vehicle at no cost to the taxpayer adding we will then proceed to the tremendous responsibility and privilege of flying astronauts to the international space
9:56 am
station now going said that it will pay for the reef flight and set aside $410000000.00 earlier this year for that the starliner is part of nasa as commercial crew program to allow nasa astronauts to reach space from american soil now that fly is expected to take place later this year in the fall possibly in october or november well that's it for this time but you can catch boom bust on demand on the brand new portable t.v. up available on smartphones through google play on the apple app store by searching portable t.v. or stream us to your t.v. by downloading the portable t.v. on t.v. and online a portable dot t.v. and as always check this out on youtube dot com slash boom bust party see you next time.
9:57 am
in this community there are people who believe that it's ok to sell fractional food on my table it's really hard there are no jobs and you see the kids. and as a parent. i can come up with lots of arguments there's a lot of conflict in the game between the cost of the conflict i would say over the homes around money. has made. us want to know the children. each other is good because the state of california alone makes 6000000000 dollars a year of prison complexes you get some point in your life where. you don't care anymore nobody cares about your so your care mind anything. join me every thursday on the alex salmond show and i'll be speaking to guest on
9:58 am
the world of politics sport i'm sure. i'll see you then. city i can take it. how. when a little thing in this is a no fly zone incident i don't know what else but might of the us i mean does. love a love the missing mom of the sweet gone to me i'm a strong enough sharing we've done. some emotion some are.
9:59 am
very uncertain. this is. why groups last days. 30. rock up and the baby had a fever of 380.30 we're hoping that's. ok .
10:00 am
bring our viewers from around the world live from central london this is all to u.k. . the deadliest day yet for the country 828 deaths in england alone from corona virus that's just concerns have been raised over a potential pool of that cuban number turned off it emerges that the foreign secretary doesn't have total control on the prime minister remains in intensive care i'll be talking to put it in commentator peter oborne very shortly. european leaders fail to strike a deal on a massive financial stimulus is front suggest it could break with the blog. schools closures are likely to have limited impact on the spread of the virus the study finds with others suggesting the government was too hasty to shut them.
10:01 am
pharmacies call for greater protection the staff are abused both believe and physically we'll hear from the industry's union a little later. the death toll in britain hits a record high once more 828 deaths in just 24 hours in england alone that is the prime minister is in a stable condition responding to treatment as he remains in intensive care at a london hospital and concerns are raised over the potential power of vacuum left by his absence or take a shot it was dashed he joins me now here in the studio with the latest so shadi a grim day for the country well in the last hour or so we've received the latest figures for england and what we've seen is the death toll increasing by $828.00 deaths which is yet again the highest number since the outbreak began across the
10:02 am
united kingdom far surpasses actually yesterday's u.k. widely of 786 now of course this all comes as the prime min. continues to receive care at the intensive care unit and thomas's hospital in central london the latest from downing street via his medical team within that hospital is that the prime minister is being monitored closely it's very much similar sentiments that we received just yesterday that he remains in a stable condition responding to treatment of oxygen assistance rather than an invasive ventilator system we understand though the prime minister still remains in a good spirits indeed so very anxious hours ahead for the prime minister but difficult days then for those at the heads of government in his place the man standing in his place is dominic rob the foreign secretary this will be quite challenging difficult time for him conveying various messages to the country in the absence of the prime minister the latest from rob then it's firstly that he
10:03 am
believes and he's quite confident that boris johnson will get to a full recovery at some stage but really his key messages are all about the lockdown measures so just to bring you up to date when it comes to these lockdown measures you remember on march 23rd the prime minister addressed the nation every television across the country and he said that the country would go down into lockdown is the key message though as well being that they were under constant review now it's actually even via a legal obligation that the prime minister was to maintain this concert review every 21 days which would bring the country back to next thursday however dominic rob is really suggesting that the lockdown measures would by and large stay and remain in place because at this present there seems to be evidence that they are doing a good job and they are seeing some progress but the fact that there isn't much concern this much structures in place that dominic robb is the next in line is causing some concern in fact a tory m.p. said the next in line 1 the succession this really should be enshrined in nor
10:04 am
should be guaranteed in law who would replace an incapacitated prime minister such as boris johnson because imagine if dominic robb were to fall and who would then be in. this place talk of the town is that it would be russia soon act so there needs to be some legal clarity which also is something that michael gove was questioned of just yesterday problem sightly further afield than just coronavirus alone he was in fact question about who would authorize a nuclear strike i simply can't talk about national security matters there are well developed protocols which are in place and which have been just robustly over time while tory m.p. and chair of the house of commons defense select committee tobias albert doesn't think that this is good enough and wants that to be 100 percent clarity as to who is responsible for national security matters as this global vulnerability could even be an opportune moment for growth states to pounce while of course as we will
10:05 am
see the today's press at 5 pm local time for various other updates when it comes to the coronavirus crisis. thank you very much indeed for all of that so for more on this i'm joined by political commentator peter oborne peter thank you very much indeed for joining us rob is effectively acting pm but big decisions are made by the cabinet collectively so who's actually running the show i think it's hard to see that the cabinet could collectively run anything because there's a 20 plus of them they're not in one room together obviously it was safety reasons the big became more some of the mechanism and so you do need you have to have somebody individual who's going to make the decisions in the moment the 1st secretary of state. dominic rob is the man in charge and there is talk though of a legal line of succession is do we therefore need to be clear although you saying
10:06 am
the 1st minister is meant to be in charge. yes i think it's pretty clear and i have a very reasonable question to ask what happens if he falls ill and there's a suggestion which seems pretty reasonable to that the chancellor of the exchange should be then will then take take over if he falls ill which is probably likely unfortunately in these terrible circumstances then the have to be in agreement about who was the the number 2 but i don't think at the moment it's that there's a huge problem here and clearly there are interesting conversations but the cabinet secretary who i would think is running the country almost as much as mr robert lots of him or so is still i think in business the civil service is still effective so the machinery of government is still there i don't think too much should be made
10:07 am
of the prime minister's absence yes so as you say this isn't a huge problem so why then are we seeing things being stirred up when as you say we've got the civil service and of course the whole machinery of government in action at the moment why these questions being raised now when there are of course very other serious issues to address. i guess a very nice point been made by some people that it has to be a change of policy i a big decision about a lot done or a major change change in strategy in those circumstances i guess that that somebody has to make that decision and it might be contested inside a cabinet the question that arises does domineer rob have the all star at c 2 to make that decision my guess is that it's only a guess that he doesn't even know the answer to that question by the way is yes he does is the acting prime minister mr johnson. is hopefully
10:08 am
he said to be in high spirits i'm sure he would be consulted if a really massive decision had to be made what about michael gove biotic question who's in charge of the nuclear button yeah he is our national security really threatened surely no one's going to launch a military attack at the moment. i think most ago was as quite often happens with this to go talking mischievously and without proper knowledge and i don't think that there is going to be a in the event in the event of a new killer. threat. i'm sure all these various systems would sones emotion but to be honest of you i think over the next few weeks the threat is coronavirus and we have to as a nation as a country. and as a world deal with that and i think that mr rubb will find that he has everybody on his side the right decisions have to be made i do think i think there is one interesting point which we ought to reflect to but we now have
10:09 am
a new late leader of the labor of opposition. dharma if we're talking about a collective response i can see a strong argument why i missed the sharma and of course the scottish 1st minister as well and others should be brought in so what must be collective decisions that's an interesting point not those stretching it to talk about a national government of unity though but just to include the opposition. i would think that we're all we are all in this crisis together. and i would want i would make any major decision we are on a embarked on a particular strategy at the moment of a big decision to have to have to be made i would certainly want to i think it would be right i think would be very odd if mr starmer nicholas sturgeon and others were not consulted peter oborne thank you very much and if your time life. now
10:10 am
were let's discuss a little more about the latest deaths the prime minister's condition and also other frontline issues with dr shiz r.t. harper a society thank you for joining us here in r.t. k. the deaths of very concerning and we keep saying full storms and then the figures rocket again. i mean i think at this moment in time you know we haven't really hit it with phil waiting for that to happen i think the important thing is what we're trying to do if to make sure that the frontline staff aren't having to deal with more patients than the n.h.s. can cope with all and deal with it people think it's really just to try and flatten that sure and you talk about this peka and it's a difficult question to ask because nobody knows but just how bad could it get in your opinion in terms of these daily deaths. i mean i think we are sort of following the lines of italy and spain and even maybe even higher than that i think it's really difficult to speculate i think we're doing as much as we can you know
10:11 am
doctors and health care professionals and i think that's all that we can do i mean i think the thing is also to try and put it into perspective that's what i think one of the things that we're looking at if we're counting the deaths but we're not putting that into perspective of how many people make york that age range might have died at that point anyway compared to last year i think what we really need to be looking at also are you know compared to last year how many more extra deaths are actually happening right now what about the promise to remaining stable but what does that mean that that's good news are you yeah i mean it's good news if it's better than you know him not being able to work his condition worsening obviously being in i even though it may just be that he's on oxygen doesn't need to say that he's not in the most positive of conditions and he's the current virus for him you know he has been ongoing now for levy 2 weeks so i think it is really important for us to be aware that he stable but hopefully he will come out i mean
10:12 am
the statistics from you look at that when somebody goes into i.t. you aren't the most positive it looked at $5050.00 and also is somebody going thought a ventilator you'll see your chance of coming off it get lower but he is stable and i think that the reassuring thing he is the fighter he is a very upbeat type person and i'm hopeful that he'll have a speedy recovery what's striking is he's only $55.00 and most people would think that then i was too young to be at risk from this terrible virus where clearly we're wrong to think that. oh absolutely and if you look at the numbers that the more men dine them women and particularly in the a train just the 50 to 6077 percent of deaths are of many of these 8 to 8 but i think it's because it may be unhealthy lifestyle unfortunately our prime minister is overweight he's probably not the fit to cardiovascular yet fit and i think that's maybe it's a wake up call to a lot of people out there that maybe we need to be
10:13 am
a bit more proactive in managing our health and up to my thinking what about you and your colleagues who are getting on we've heard of horror stories of protective equipment shortages staff even making their own kit. i think yes i mean even school schools have been i mean. some of some of the children have been given special dispensation to come into their laps to help me by. you know for any chest start which has been i'm a 30 but i think you know the issue is that it's the fact that when you're wearing you can't keep that st kitts on throughout the day you may well have to change it frequently and regularly because of the not the patient you thief and so that's why it's that that's what the problem that we're not we haven't got as much equipment and maybe there should be i'm thinking a mandate from the government to turn a lot of the industry and workplaces into making more of this equipment for us as doctors and for facing huge challenges and now we hear about the issues of frontline staff being reported to people like yourself medics need more protection
10:14 am
perhaps and i personally haven't thought that any of that kind of thing one of the think there's i think there's a lot of fear there's a lot of uncertainty out there and i think people just sort of need to vent and unfortunately you know i think with frontline in many ways and i think doctors do get that and we can only do as much as we can. thank you very much indeed for joining us and good luck with all the work that you're doing thank you thank you very much thank you. and let's have a quick look at how the home nations are dealing with the outbreak 1st minister of wales mark craig for the confirms the country's lockdown will be extended beyond next week that has over 100 medics write to the scottish government to address grave concerns among health workers over the absence of adequate protective gear and cases are found in 20 homes across northern ireland with one resident confirmed dead after testing positive. globally the number of confirmed cases is approaching one and
10:15 am
a half 1000000 over 83000 have died and over 300000 have recovered 7 of the 10 worst affected countries are in europe this is the spain and france reporting the highest death tolls globally and the w h o's regional director has called the outbreak in europe very concerning. still to come and this is. a unique as a spiritual approach to pandemic but you know package for members we'll be hearing from our european correspondent. and pharmacist speak speak out on an increase in the use directed at stuff during the pandemic we speak to a representative for its workers.
10:16 am
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 our immune 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 to . the world is driven by shaped by those.
10:17 am
who dares thinks. we dare to ask. that of the preaching has announced a paying crease for all medical staff involved influencing the coronavirus pandemic speaking with the heads of russia's regional governments on the video called the road. president compared to medics to soldiers on the front line of war salary increases for doctors nurses and burdens drivers will be up to and in some cases over the equivalent of
10:18 am
a $1000.00 the measure is expected to remain in place for 3 months. you countries have failed to reach an agreement on a large scale stimulus to keep their economies afloat during a pandemic several nations refused to support a plan for shared e.u. debt after a meeting of finance ministers this morning but france reportedly hasn't ruled out a package for a smaller group of eurozone members if a deal isn't reached leaving the entire future in the purpose of the bloc in doubt because all of a has more. initially there was huge upset among citizens of spain italy over what they saw as a slow response to the coronavirus from the european union now what we're seeing is the bloc struggling to come to a consensus over water being called corona bonds these would allow the debts that are being racked up to be sprayed even the between member states spain italy and france are in favor germany austria and the netherlands very much against
10:19 am
angle of merkel favors using the 2012 european stability mechanism that was used during the previous financial crisis but that has left a brutal demand the french finance minister pulling his hair out saying that some countries will recover quicker than others using that route nothing would be worse for europe them for the richest states to get off to a quick starts while those who cannot afford it start slowly we all need to recover at the same speed in order to guarantee the k. he's in solidarity and unity of the eurozone and our common currency to go back to that idea of more europe that anglo merkel was talking about well the european commission president is also a big fan of on the line putting forward a big european fiscal plan to try and tackle the fallout from cova one thing many are calling right now are for something which is called the marshall plan well i
10:20 am
think the european budget should be the marshall plan we are laying out together as a european union for the european people but also getting on side with the wartime metaphor has been the spanish prime minister better sanchez europe has to establish a wartime economy and put in place measures for the defense reconstruction and economic recovery in europe we can turn this crisis into not put unity to rebuild a much straw. european union european politicians are under a lot of pressure right now not only looking after the health of their citizens but knowing that if they fail to deal with this virus or perhaps even worse they're perceived to have failed to have dealt with this it could well lead to the rise of more extremist politics mcraney believes that nothing will be quite the same again when it ends there will be a great opening for populist voices on both the fire rice and the left the anti
10:21 am
foreign the anti european the anti global but he also believes there will be a desire for proven leaders and in aversion to further disruption there's a lot of people focused right now on what will happen after the battle with the virus will we end up with a more powerful more unified european union or one that specific it by extremists at both ends of the political spectrum be troll for r.t. berlin. and in the next hour i'll discuss the future of the e.u. and if corona virus could ultimately destroy its with an expert in european law. a study has found closing schools is likely to have only had a very small impact on the spread of the virus research conducted by the university college london suggest that shutting primary and secondary schools prevented just 2 to 4 percent of deaths related to the virus that's far less effective than other social distancing interventions and also highlighted that keeping the schools close
10:22 am
did not help control outbreaks of other coronaviruses in mainland china hong kong and singapore back in 2003. we know from previous studies the school closures are likely to have the greatest effects if a virus has low transmissibility an attack rates are higher in children this is the opposite of covert 19 data on the benefits of school closures in the covert 19 outbreak is limited but what we know shows that their impact is likely to be only small compared to other if action control measures such as case isolation and is only effective what other social isolating measures are already here 2 schools have remained closed since march with the exception for children of critical workers in vulnerable pupils the paper also highlighted economic costs and potential harm to children's learning but the epidemiologist advising the government professor neil ferguson said the closures were important for transmission to be reduced while
10:23 am
school closure as a measure on its own is predicted to have a limited effectiveness in controlling covert 19 transmission when combined with intense social distancing it plays an important role in severing remaining contacts between households and thus in searing transmission declines professor ferguson's work calls the government to u.-turn on its initial strategy of letting the virus spread through the population leading to so-called herd immunity his prediction of 250000 fatalities meant to the shift to the more than 37 himself is currently self isolating with coronavirus symptoms the government said that such measures are needed to protect the n.h.s. and save lives the decision to close schools was taken in line with scientific advice on how to limit the spread of the coronavirus we asked most children to stay at home in order to protect the n.h.s. and save lives schools will remain closed until further notice except for children of critical workers and the children who are most vulnerable we will reopen schools
10:24 am
when the scientific advice indicates it is safe to do so. for more on schools closures and the impact of these measures are joined in the next hour by a professor of sociology. pharmacies in scotland earn a lancashire have reported the nocturne in abuse directed at its staff with some even being spat on industry regulator the general pharmaceutical council said it was receiving increased reports of abuse disorder and even violence from members of the public pharmacists of also requested greater protections for its staff from police community policy lancashire which represents over $350.00 chemists in the area said there is no excuse for their staff to be shouted or spat at. community and their teams are on the front line of the response to the coburg 1000 pandemic across lancashire despite this the challenges rumpel abide by the aggressive and in some cases by a learned behavior of members of the public towards our teams we are today asking
10:25 am
patients a members of the public to take some very simple steps to help protect these teams so that pharmacies can continue to carry out their critical roles and then sure everyone continues to get the medicines help and support they need when they need it for more on the abuse of pharmacy staff i'm joined by the chair of the pharmacist defense association mark. thank you for being with us what on earth is causing this why do people behave like this is it shortages of products a lack of information. well i think your previous speaker alluded to the fact that community pharmacy is now on the front line against in this war against the virus in the community setting many g.p. surgeries are in effect closed for public abscess and that's quite understandable moshi piece is seeing patients a virtual methods there's been a massive reduction in the number of patients turning up to i needed partment and people are understandably very anxious in these worrying signs and this lockdown is unlike anything we've seen before so all of this puts approximately 30 to 40
10:26 am
percent extra patients through the front door of the community pharmacy because it continues to be open. at the same time has been approximately 20 percent reduction in the stuff due to stuff or you know so the result is cubes are forming people are used to seeing this at their local pharmacy and because it's trying to reduce the risk of coronavirus it's asking people to queue sunita intervals so so pharmacies a lot raising a one in one's approach to reduce the chance of infection and this is causing it a lot frustration with i should say and of course abuse of pharmacist off until we're health workers in general it's been spotted around the entire country what are we do about it do we need legislation or more policing. well actually we've been talking through the association of chile police officers throughout the you can search of course you can see they're helping enormously on making sure that the bodies make their presence felt in community pharmacies you asked about legislation there is already legislation existence that protects key n.h.s.
10:27 am
personnel but i think we need still think that's much too easy to deliver and would make a huge difference we need public support for pharmacists for ministers when they stand on their podiums in london press conferences that would go we're a long way to assist the health minister for scotland for example stood up on the podium and said exactly this to the scottish population please recognise the work of community pharmacies as part of the wider n.h.s. and have patients when waiting in queues for help we're not yet getting that support in london and that would go a long way to help with the situation or right it could take a while for that to happen if it does indeed happen more pressure from politicians but what about a moment protecting your members pharmacists security perhaps would that help increasing security in the premises well some community pharmacies have taken on security to help especially with this one in one situation and this does help frankly though in your previous news story you talked about the russian army getting extremely to help out june's crisis community pharmacy isn't being paid
10:28 am
enough to sachi russian medics russian medics actually not the army as such it's of the medical staff in russia precisely well that's doesn't seem to be happening here in the u.k. and in fact community farms these suffering from hundreds of millions of pounds with the funding cuts that were imposed i would say years ago and it's rolling on air at the moment so to provide all this extra infrastructure that's required to keep stuff safe is a very very difficult task and that's why we constantly ask the n.h.s. to supply provide more assistance and we'll help in this area has been really good to talk to you today thank you very much indeed for making your challenge is a very much aware for the rest of the country thank you mark. that's it for the moment. more news for inhofe and.
10:29 am
what is the difference between embarrassing gaffes and elder abuse joe biden certainly excels at the former and maybe is the victim of the latter we are told mention of mental health is off limits to what degree does the public have the right to know. i mention are times when you're watching the season finale of going underground before our return after easter coming up in this special edition the fallout of the dirty war on the n.h.s. with disease striking at the heart of government and as u.k. health service staff die from coronavirus without protective equipment or adequate
10:30 am
testing going underground speaks a legend rejoined the filmmaker john pilger about new liberal destruction in a time when the plague plus what does the coronavirus pandemic mean for imprisoned wiki leaks founder julian assange and major nation imperialism using coronavirus as a cover for covert and overt was all around the world all of them all coming up in today's going underground but let's go straight to john pilger his film the dirty war in the n.h.s. arguably predicted the kind of crisis today at the heart of britain's response to the cove in 1000 pandemic he joins me from sydney in australia john thanks so much for coming on before we get even just specifics millions of people watching this will know that your films your work costs doubt on nato nation governments and other governments can we trust our governments in what they say to us about coronavirus no we can't absolutely not but this virus.

35 Views

info Stream Only

Uploaded by TV Archive on