most of that opposition is coming from agricultural groups and industries that have nothing to do with jobs don't buy dogs. this is the one business show you can't afford to miss in washington coming up opec members have made a landmark deal to cut oil production as the sector has been ravaged through the crowd of virus expert analysis on what this is doing to market plus that small business in the united states have been promised emergency funding to provide some relief but where is the help will break it all down we have a packed show today so let's go and dive right in. and we lead our global report today with talks of lifting restrictions due to the coronavirus something the world

health organization officials addressed monday. wind cold 19 accelerates very finest decelerates might move slowly in other words the way down is march. on the way up that to means control measures must be lifted too early and we've gone through him. it cannot own act once in spain which has been one of the hardest hit countries by the virus has started to loosen its lockdown as the curve inside borders begins to flag construction manufacturing businesses within the nation are starting to return to work but most public places will remain closed until at least the 26 the papal meanwhile japanese officials are calling on citizens to take greater efforts by reducing contact by 80 percent here in the united states there is a push to lift restrictions by may 1st in an effort to mitigate economic impact of

the pandemic now reports say the white house has floated that date of may 1st and the country's top infectious disease expert dr anthony fauci told c.n.n. while the country will be able to turn on like a light switch he's cautiously optimistic that things could start to reopen as soon as may 1st now u.s. president donald trump tweeted about the situation monday afternoon claiming it is up to the president not individual states and their governors to set a timeline for reopening the economy and that has the number of cases of the crow virus quickly approaches 2000000 worldwide let's take a look at the global spread with our 2 correspondent science having your side what's happening today so friend while people all around the world remain quarantined the number of infections are still continued to increase but the good news is that a few countries have also started to show a downward trend and in detail here are some of the most significant developments happening around the world now let's start with the u.s.

that's still way ahead with over 5 179000 confirmed cases and over 23000 that's and most of these deaths friend come are in new york the hardest hit u.s. stayed with over 10000 deaths about half of that's happening in new york now moving over to spain the 2nd hardest hit country thousands of like you said construction workers office workers and. other workers went back to work today ending spain's 2 week quarantine that the country implemented which has claimed almost 18000 lives but bars restaurants hotels things like sports centers and leisure activities are all remain close with no plans to reopen anytime soon and in italy announcement over 3100 new cases today in fact that's the lowest increase since april 7th bringing the total number of cases in the country 215-9000

confirmed cases with a little over 20000 deaths but i also want to talk about do you care which has the latest death toll in the country reached almost 12000 but the rise was lower than reported actually on friday and the country is now a hoping to open a number of businesses which we should be no should know more about in the coming weeks and moving over to china and in china of course was where everything started but after quarantine of about 600000000 people it really helps slow the outbreak of the virus and with about 3300 deaths but now there's also another problem china is dealing with at the moment and that's people returning from other countries and a fear of a 2nd wave of the virus brant but i also want to talk about iran the hardest hit

country in the middle east they have over 73000 confirmed cases with more than $4500.00 deaths but for the moment islamic republic's biggest obstacle is what to do about ramadan which is due to start later this month when normally large groups gather each night either inside houses and onto city streets and i also want to mention going back to china that. they're not the only country fearing a 2nd wave of viruses in japan the spread seems to slow and quarantine was lifted and schools were actually allowed to gradually reopen but a sudden increase in infection last week got japanese officials worried who then again close schools brand. experts are fine you know working on finding a vaccine right now and so that leads us to believe that maybe we're near the end of this pandemic which i want to be cautious about but what are we doing to ease

some of the economic tension that we're seeing well brand globally world leaders are facing a lot of pressure to speed up either an emergency plan or to financially help roughly one. of the countries on the planet with some sign up with some sort of plan to get people back to work and employers and employees around the world are anxious to get back to work as quick as possible so a picture of how governments are planning to increase some economic activity is starting to surface but it's really far from straightforward there's been talk on businesses using a 5 tier pyramid called a hierarchy of control which china has been following and here's a quick recap of what it is there is the the pyramid has about 5 components which china has implemented one the u.s. is holding implemented the same kind of program but it's proved to china to be extremely costly so it's going to be the same happening for the united states so

there's a lot of if so a lot of unknowns in the question of the moment archie correspondent sorry to have your thank you for keeping us up to date on this. and of course you can remember you can check out the the portable the t.v. app to find more information on the spread of the quote a virus we have a quote a virus tracker on that and as the world's top oil producers managed to pull off a historic deal in an agreement to cut output by $9700000.00 barrels per day for. the next 2 months that's close to 10 percent of the world's output after days of discussion and negotiations opec members and allied nonmembers including russia and mexico finalize the deal on sunday iran's oil minister confirmed the reduction. we consider this deal. and some other countries can reach. to understand the shaken soil market. and

as the world faces restrictions due to the pandemic global demand for oil has fallen by nearly $300.00 or $30000000.00 barrels per day this deal comes as an inflection point amid several months of disagreements and fall between saudi arabia and russia a spokesman for the russian president vladimir putin dmitri peskov raise prays that the deal. 1st if we consider this deal. and some other countries can reach. you to understand each piece for the sake of oil market. and u.s. president donald trump also touted the deal adding it will save thousands of american energy jobs and for more on this and what equity markets are doing monday we are joined by t.j. watkins director of stocks it simpler trading co-host christi i christi let's start with what is going on with oil was a story the markets. well ran or oil prices have stabilized monday after opec and

allies agreed to cut production by $9700000.00 barrels per day that's almost a 10th of global production so this deal is the single largest in history but it is still below expectations of what opec had guided earlier $10000000.00 barrels per day but apparently the oil markets have been so devastated that it will take any sort of cut at this point even if it's too little too late and that was evidence of volatile trading where initially plunged down before struggling back up to flat so market reactions to this deal however historic it was was muted as traders knew this as more of a chest thumping political theater the reference point for the reductions will be april the months if you recall in which saudi arabia has pledged to pump about $12300000.00 barrels per day out as a ramped up its price war with russia so that effectively means that the 1st phase of the cuts will only amount to about $7000000.00 barrels per day so by doing the math these cuts will only lead to an actual opec production of 4300000 barrels

a day of from 1st quarter levels of 2020 and these production cuts will begin on may 1st and extend to the end of that and then the cuts will taper to some point $7000000000.00 barrels through to the end of 2020 and then finally $5800000.00 barrels per day from january of 2021 through april of 2022 and while these cuts will. certainly helped to lift prices there's still a tremendous market imbalance as we reach worldwide storage capacity for crude there's already a super large inventory buildup of over 1000000000 barrels now and these cuts are barely enough to even make a dent in it it will only serve to postpone the problem so in short these cuts were below expectations of $10000000.00 barrels per day and is nowhere near enough to offset the plunge and demand which analysts estimate to be a mystery in $20.00 to $36000000.00 barrels per day now as we mentioned last week mexico has been exempted from its allocation of cutting $400000.00 barrels per day and instead will only reduce by 100000 after its historic mexican standoff with the

saudis holding up negotiations for 4 days so the question is what allowed mexico to stand up to the mighty opec and actually win well mexico have what bloomberg had dubbed a sector weapon and ace card as enter negotiations and that ace was its annual oil head where mexico spend billions of dollars on oil put giving it the right to sell its oil at a pre-determined set price at around $45.00 per barrel now the equivalent of their insurance policy so even if oil prices plunged further mexico will be unaffected this oil put mexico unprecedented leverage to defy saudi and the powerful opec cartel to dictate the negotiations on its own terms now over on the equity side of things the market fell almost 2 percent with caterpillar being the worst performing stock falling more than 80 percent as it was downgraded by mantles and real estate also led the decline lower ending the day with the dow and s. and p. down over one percent but the nasdaq turned positive at the last minute on the back

of netflix popping up almost 8 percent the market stealing us up to digest some nasty earnings this week as j. and j. j.p. morgan and bank of america are set to appear earnings this week analysts expect 1st quarter earnings as it becomes to fall 9 percent now that's a far cry from earlier estimates at the beginning of the year in january 1st forecasting a 6.3 percent gain 1st quarter. now t.j. i want to bring you into this conversation i have to ask i mean we saw a big week last week and of course we're starting this week down but have we have we play a toad i mean are or and have we seen the bottom where markets going from here we talk about volatility a lot what are you seeing well right now what i'm seeing is that i think we're going to have a little bit more upside the you know we had a crazy week last week that was great but what happened it was that it just basically moved too much too quickly and became unsupported so i'm looking for a little bit of a pullback i was completely in cash going into the weekend and so when we see this pullback come in on monday this is exactly what i was expecting and what i've been

communicating to the subscribers and so now i'm just looking for prices to kind of settle in some place and then i think we'll get a little bit more upside now we don't know the future but that's kind of what i'm looking for and expecting part of what i'm looking at and saying that had think this is going to continue even though i know we've got some crazy earnings coming up is that netflix amazon and some of the other takers that i do watch were actually looking pretty good and started moving today and so i think that there might be a little bit of idea out there that hey the market still wants to go up a little bit further we are looking for a pullback but that's telling some other stocks that we're still in an uptrend i mean we haven't rolled over and stopped going down yet kristie i want to propose a similar question to you because we're also looking at a trend here it's about every other week the week ending march 20th. april 3rd which were the weeks that i hosted boom bust we lost about 60100 points on the new york stock exchange in weeks ending march 27th and april 10th which were those day oka weeks we gained about 2000 points what are we looking at here. well again bad

luck brant and i surely we're seeing a lot of volatility and that's i mean every single we can have a slew of good news and a slew of bad news all at once so markets kind of price in all these things and right now we don't have any hard data points and that's what everybody is going to be looking for in terms of this earnings call objects that every single company's going to guide downwards and they're going to psychoanalyze as being one of the biggest and you can have we have to remember that corona virus is going to be a very long tails just because they say that we told in terms of new cases that doesn't mean that everything is all well and good and will rebound in mediately the questions of how are we going to deal with me opening the economy what's that going to look like how are you going to deal with the large unemployment numbers and on the back of that these large medical bills which for every single person who suffered the coronavirus and recovered they're facing medical bills about $30000.00 now t.j. i want to ask you a quick question before we wrap up here you know what about small cap companies and the start of space that we're looking at i mean the softening vision fund is

talking about you know what i think it was 16600000000 dollar loss i mean we're going to go moving forward about 30 seconds or. yeah that's going to be rough i mean everything is getting hit and so this i will say this company this venture fund was the 1st year they asked after 15 years that they've actually had a loss but it was a doozy it was a big one right now you know what small caps go up like rockets when they're good but they fall like rocks when they get into trouble and i think that's what we're seeing right now is that everything right now with corona is just getting hits and they're going to be following the fastest in the hardest to do walk ins and christiane thank you both for joining us today much appreciate it. thank you. and time for a quick pause but hang tight because we'll be right back after flashing as we go to numbers as we go to break here the numbers that the clothes.

she manatee is on the edge of the precipice thanks to continuing destruction of the natural. you seem laid out a lot of good results could lose you much and i don't know if you are using. the members. of the new nuclear. deal of the. only dealing.

with. the. ceramic as the. ship them see that is the. human activity has brought us to the brink of the world's 6th major extinction event and the people in this film just can't take it anymore. luke. join me every thursday on the alex simon show and i was reading to get a little the politics sports business i'm show business i'll see you then. small seemed wrong but all in all just don't call. me old yet

to shape our disdain to come out ahead and engage from an equal betrayal. when so many find themselves worlds apart when she's to look for common ground. welcome back frustrations continue to mount for small business owners who have been repeatedly promised that financial help is on the way the biggest problem they are facing is that help doesn't seem to be coming at all there are multiple programs that lenders in washington are leaders in washington have insisted would provide emergency funding to small businesses but so far it seems that nothing has been provided joining us now to break it all down is the bus co-host investigative journalist ben swan been nice to see you today the 1st program that seems to have

unraveled are these economic injury disaster loans that was supposed to provide loans to up to of up to 2000000 dollars for small businesses but now business owners are learning that they can't even get close to that what's going on there yeah that's exactly right i mean look at these these economic you know disaster loans essentially were set up and this is an existing thing by the way of the s.b.a. existing program that was supposed to say look if you have up to $2000000.00 in losses over some kind of a natural disaster or a pandemic the s.b.a. can help you out originally they were saying up to 2000000 dollars can come to you now they're saying and the s.b.a. to recorded hotline and also through the program when people go to apply is saying actually you can't get more than $15000.00 which is an incredible shift tried to go from $2000000.00 in economic aid 215000 that's that's almost nothing on top of that keep this in mind when the this program was 1st announced that there was going to

be help coming from congress one of the things the s.b.a. did was said if you file for this economic disaster injury loan you can essentially ask for 10000 dollars and you're supposed to receive $10000.00 for your business within 3 days of filling out the application and yet so far not one single one of those $10000.00 other checks has gone out we have not been able to find one report of a. business owner receiving one of those $10000.00 check so to say that it's been bungled so far i think is a huge understatement well and for the fact that the economy is basically shut down so quickly and so rapidly due to this pandemic i mean and you don't really have a whole lot of choice if you're not prepared in any way you need those checks immediately to start getting things back on track whether it is going to play in paying those employees that need to or paying rent now there's also a another big issue of big banks seeming to take advantage of the situation there's a shocker smaller local banks have still not been approved to take these loan applications so what can you tell us about all of that. yeah it's actually

a pretty big deal here so there's been a lot of criticism including from mark cuban who's actually come out talking about this saying that big banks are taking advantage of the situation right now one of the things they're doing is that smaller banks as you just said have not been given the authority to to do these applications in some cases and so you have a humongous backlog of companies that are trying to get a part part of this p.p.p. this essentially payroll protection loan that would be coming from the government is supposed to cover 2 and a half months worth of payroll as well as your utilities the problem is is that the f. the s.b.a. is not taking applications all the applications have to flow through some kind of a bank so what's happening is people are going to their bank and these big banks that have been approved have this huge backlog right now and they're either saying we're number one if you don't have an account with us we're not going to help you or number 2 if you do have an account they're saying well we're backed up we don't know when we can get to you and this is how crazy it is i know people who are working with truest you know the new b.b. and t. and sun trust merger who have said that they have applied to true us and all they

get is essentially a let us know if you're a customer and we'll get to you and they've been waiting over a week now and they haven't even gotten the application so you can't just go out and find an application with this in a plan your own it has to be done through a bank and a lot of people are struggling with the fact that banks seem to be taking advantage of it so when you have the entire economy kind of shut down and there's no infrastructure built to be able to handle this and we're seeing that because they're making these promises that unfortunately it appears that nobody can keep want to move on to another quick story here i want to get your take on this because apple and google are now partnering up in an effort to provide tools for tracking the coronavirus the app which they are working on they are working to create will also allow users to use blue true bluetooth to track whether they have been in contact with someone who had the coronavirus how did this whole thing work better. yeah it's kind of a crazy idea so what essentially google and apple are doing is they're working together to create this system that will allow for you to turn on your bluetooth

and then it tracks every place you've been and other phones you come in contact with so assuming that someone else is walking by you or is in the grocery store and they have had that 19 essentially your phone would let you know you came in contact with this person you know as of this date so let's say you know it happens today i come in contact with them then that person with their phone goes ahead and registers and said 2 weeks later i have the coronavirus my phone with a notify me and say hey 2 weeks ago you encountered this person and they have the grown a virus the whole thing it though is it's kind of a crazy idea because you would really relies on everyone self reporting and saying to this app i had coronavirus so you're going to have very bad information across the board unless there's a process put in place that forces people to comply with this app and that's where it becomes well and also you would want to make sure that people are properly saying they do and not some sort of troll going in there i'm not sure if there's any if you've read about any sort of things in there but i mean if

a troll goes in there and just arts marking oh yeah i've had a corona virus i mean that can completely mess up the whole situation are there other concerns about this kind of tracking going to be a privacy concerns clearly about this kind of data being shared i think there's privacy concerns about everything the government's doing right now certainly with the you know gerry cushion or who is kind of running the white house response to this and trying to create with private tech companies this these tracking systems to track everyone's whereabouts but there is a concern here in that right now look apple and google are saying this is only an opt in system so no one will be forced no one will be tracked without their knowledge no one's personal name will be put in their exact location will be put in there so they're saying there's privacy that's going to be built in but you and i both know many times when promises of privacy come about you don't actually get privacy where it really becomes sticky there where the a.c.l.u. is following this very closely is they're saying as long as it remains opt. and where you choose to be a part of the system it's fine because people have the right to do that but it soon as it shifts from being an opt in to an automatic you know by nature of just having

an apple phone or orse or an android operating system you're going to be placed into the system that's when you get into real privacy issues interesting stuff bents one co-host of boom bust and investigative journalist thank you so much for your time today thanks for. and finally a little inspiration from the arts community as the world deals with this pandemic italian tenor and your butt chali performed in the duomo cathedral in milan on sunday as part of a music for hope about design to bring people together during the coronavirus pandemic it was just put shelley and organist emmanuel the m.l.o. in the cathedral during the performance which broadcast on the tenors you tube channel now the singer sat included classics like abi maria and amazing grace.

and meanwhile in moscow multiple russian artists including ballet dancers svetlana sakuraba and sergei pollution performed at an empty bolshoi theater as part of an event held in support of health care workers in the country and it aired on state television. and that's it for this time you can catch boom bust on demand on the brand new portable t.v. apple build on smartphones through google play and the apple app store by searching portable 'd t.v. or streams to your t.v. by downloading the portable t.v. up on apple t.v. and online at portable t.v. can also find our coronavirus tracker on the portable t.v. app to get the latest news and information about the spread of the virus and as always check us out on you tube dot com bust our to see you next time.

well redacted the nights this is the comedy show where americans in america covering american news are called foreign agents welcome to the show and welcome to

the shock doctrine i hope you enjoy dystopian entertainment. so you may know naomi klein's best selling book shock doctrine was also turned into a hit documentary i believe called fight club don't quote me on that the shock doctrine basically says that the ruling elite exploit national crises like disasters or upheavals to establish controversial and questionable policies while citizens are too excessively distracted both emotionally and physically to engage and develop an adequate response and resist affectively that's exactly what's going on right now citizens around the world are dealing with shock and not only because we're forced sex walled 6 feet apart which is. difficult and messy and really not very romantic especially when you're each on different balconies with a 30 foot drop between you and other people on the other balconies to watch it's

rough it's terrible but we're also shocked because people are losing their jobs their security their futures the federal reserve now estimates. rhona virus job losses could total 47000000 and the unemployment rate may hit 32 percent these stocks are being exploited by the ruling elite the largest way that they've used it so far is the past their 2 trillion dollar giveaway to corporate america with little to no oversight practically no discussion and even going on about it i mean why we have why should we why should we stop to think about the largest gap ever seen in american history now and not important congress has to run home to take care of their their mistress's niece is blind adopted labradoodle if he doesn't get the streets by 2 pm he is go run be their rumps or but here are some

of the other controversial policies and laws that are that dead that they are being slammed down our throats while the sociopath at the tough exploits this crisis the e.p.a. has indefinitely suspended environmental rules that's right the environmental protection agency currently headed by a coal lobbyist which on the level of likability is just bob satans. coal lobbyist andrew wheeler has announced that corporate america and fossil fuel companies may begin polluting with impunity they don't have to then they don't even have to worry about print tending as if they care about the environment anymore i mean that all pretended thing was exhausting every time they dumped a 1000000 gallons of toxic chemicals into a river they had to go. safe and the exertion of that of that would say a drill i pulled a hammy just now.