i mean the fibers are going to. go. wow. this is the one business show you can't afford to miss something in washington coming up as the global number of kovan 1000 cases a surge of 43000000 the european union comes up with its own half trillion euro recovery plan and a new report to the congressional budget office says dire numbers for the future of the economy and the federal deficit much of the total expense won and the washington area dr about the rise of color health and how it may become the new normal and we have a show for you today so let's go and i've read

a. global infections for the coronavirus stand out more than $2700000.00 the total death toll and nearly 200000 world leaders met virtually with the world health organization to launch what they called a landmark collaboration to fight the pandemic will the u.s. did not participate but french president manuel mccrone and german chancellor angela merkel were among the group and they pledged to accelerate their work on these tests drugs and even vaccines while you as you and secretary general antonio terrorists cited the importance of these global efforts. world needs of the development of production and equip the believe we have safe and effective climate 19 vaccine that appeal to x. and they'd not 6 not a vaccine arctic most for one country or one digit or one of the worlds but the

vaccine and treatment at that affordable safe effectively easy administers and universally available for everyone everywhere. meanwhile brazil's health minister confirmed 407 new deaths the country's highest day to day increase so far more than 51000 people in the south american country are infected while the death toll is now at more than 3300 meanwhile hospitals in the u.k. are using sleep apnea devices to treat coronavirus patients well clinicians are using these devices on patients with early symptoms which have eventually hope for a quicker recovery rate they've prevented several patients from having to use ventilators spain reported its lowest number in daily deaths in more than a month the country plans to gradually ease restrictions on the lock down by opening up the 2nd half of may well this comes as the e.u. agreed to set up a massive 540000000000 euro recovery fund to fight the economic impact of the

coronavirus well africa saw a surge in cases by 43 percent in just one week african officials are scrambling to find a quick and that's necessary to treat patients 10 nations have 0 ventilators infections climbed past 27000 on friday the u.s. death toll topped 50000 still the country with the highest number of cases more than $883000.00 president trump signed a $484000000000.00 relief bill adding another $310000000000.00 to these small business loans meanwhile reuters is reporting that a u.s. government trial of a krone virus treatment by it is running ahead of schedule results are expected as early as mid may however run does appear may have seen a setback after the world health organization published the results of a chinese trial of the drug the study said there was no benefit but claims the study has or was stopped early and had a low number of patients antibody tests have become

a hot topic and as more test results are made public studies suggest more people have actually have the virus than previously thought. well an example are some preliminary results from tests out of new york that they suggest that one in 5 new yorkers may have had the virus so the presence of antibodies suggest that at one point those people were exposed to the corona virus and actually recovered well it's not clear if those people are now immune to the virus or if they're simply asymptomatic for more information and numbers on the coronavirus be sure to check out your portable dog t.v. app and look for the section tracking coronavirus. additional helicopter money is arriving soon to these small businesses and hospitals as the administration signed the $484000000000.00 bill into law well joining us now to go further in depth is. christiane christy how effective is the p.p.p. program in doling out funds and those who actually need it most. well actually so

it's been a complete mess banks and all the other financial institutions who are responsible for distributing these funds they were comfortably unprepared for the task that they were hit with so much demand in a few short weeks so you have large corporations being prioritized over the smaller businesses that the people who was intended to help so meanwhile small businesses provide nearly half of american jobs and what a 5 percent of national production so they were actually completely ignored small business owners actually got completely screwed as it was revealed that billions went to large corporations with almost 20 percent going to publicly traded companies who have other means of accessing capital so a lot of critics have put these companies on blast us taxpayer money to go back to these multimillion dollar companies meanwhile companies like shake shack they have announced that we were trying to loan but the majority of the group surveyed said that they will not return the money or do not respond so ensure small businesses they've been become the people who has been completely ineffective a healthy need small businesses and they were overlooked in favor of larger

corporations so that banks could get a massive underwriting for originating these larger loans so now the u.s. is issuing new guidance so that companies applying for really must certify that the loans are necessary and that they cannot have any other sources of money so by default this excludes any publicly traded company going forward on these are small businesses certainly suffering the most from this a lot of them barely in the application process for these small business loans but to continue the conversation let's bring in jeffrey archer editorial director with the american institute for economic research jeffrey thank you for your time today i want to ask you this what are your thoughts do you think these. it will ever return to some matted manageable levels when we make it through the crisis or is it really going to make it the recovery that much more difficult when we're starting so much in the red already. the recovery is going to be almost impossible i think maybe if we had into the shutdown a few weeks ago and stopped this outrageous amount of trillions and trillions and

trillions of spending that we had a much greater chance of getting out of this mess quicker but but but every day we delay the opening and every day we keeps passing these hundreds of spend billions of dollars of spending is just more pillaging of the taxpayers to add on top of the house arrest and the mandatory shutdowns and this is the way you destroy an economy for you know not just a year but 5 years maybe 10 years so this is this is an immense calamity like i say it's adding the pillage of the taxpayers on top of already putting every be under under house arrest in effect getting rid of the constitution also right so it's not good economically speaking that's are sure especially if we're seeing a larger number of these unemployment rate some some record highs here jeffrey they coin has now emerged the clear ass that when are having the couple of terms of stocks and even bonds after plunging down with the market in march now since then it's risen over 100 percent what is driving the right now. though you know the

thing about d.t.c. it's interesting is that there's not a lot of people who accept it in payment unlike say 5 years ago that that's kind of almost entirely gone but what's happened is that we've we've seen a very viable use case in which a big climb in international remittances and a non bank transfers of value and that's what is being used for your scene a.t.m. being used evermore and convenience stores and convenience stores in this country don't forget we're coming declared essential businesses so you have the opportunity to do your banking outside of a so the banks and in. times are people are not entirely sick sure anymore whether or not we might in fact be facing a financial crisis in the near future here with all that said money printing and everything else because it looks like a pretty good a pretty good safety but at this point a lot of people looking toward it as an alternative like you're saying because they

trust that even without the regulators and the regulation of the christie let's bring you into this we know you've talked a lot about the b t v how the that it will take place sometime in may does this have anything to do with the recent strength that we're seeing again. well certainly as jeffrey just mentioned recording is a scarce and finesse asset so the mayhap thing that we've all been talking about will reduce the amount of newly minted declined by 50 percent and by simple supply and demand economics less quite should mean greater demand and higher prices so the last having that we had in 2016 we saw major increases in declining pricing so in the face of all this unlimited q.e. and money printing big point still remains a safe haven asset and crypto markets remain one of the only truly free markets left so betting on big going is basically a bet that deflationary pressures well when and right now we have about 1000 years to go and traders are lining up new bets now and while there are those people who

still doubt declines viability like our good friend peter schaeffer let's take a quick look at the recent filing just by renaissance technologies they are the juggernaut want hedge fund that had just liable to begin investing in big point and cash settle with its flagship fund so this is really really significant because the medallion fund has been one of the best performing fund since inception in 1982 and they're currently up 39 percent year to date while most funds are underwater so this adds to because it started genies into renaissance fund and this is a big institutional firm which is basically giving bitcoin the stamp of approval and some mending its place in the capital markets go abroad. not only big question but we report on this really or kristie you mentioned the china also looking at alternative digital currency so me becoming more popular than even before jeffrey tucker editorial director with the american institute for economic research and boom bust co-host christine thank you for that report and analysis.

markets are mixed this week although mostly down after a sell off earlier in the week pushed things down well let's start in moscow with a green arrow for the mo x. this comes despite some oil volatility that we saw the markets fell friday as russia central bank cut interest rates to the lowest levels since 2012 and warning the country's economy could shrink by 6 percent at the end of this year will asian markets all in the red for the week stocks fell on friday as host for the coronavirus treatment took a hit well the shanghai composite saw big losses early earlier this week due to oil volatility and it finished off the week sliding as economic uncertainty regarding the pandemic continues in hong kong the hong saying also down for the week on a similar trend it didn't see any rebound on stabilizing oil prices after a big decline on tuesday investors are continuing to look at stimulus and on

measures to prop up the economy while japan's nikkei also held down looking at similar conditions here we did see a 1.5 percent gain on thursday after oil markets stabilized but still losing at just under one percent on friday in india the sensex had mostly rebounded from some midweek losses but they closed down the week roughly down by one percent after some steep losses on friday the financial sector is really being hit with e.c.c. and interest in bank all sliding by roughly 5 percent then over to australia where the a.s.x. finished out the week gaining half a percent but it still wasn't enough to bring the index into the green health care and consumer staples struggled throughout the week the all shares in south africa finished on the green this friday even after a steep drop made weak the gold mining sector in south africa it is thriving the ran as weaker earlier this week. over a $26000000000.00 stimulus package now moving to european markets all 3 major

indices are in the red this is even though the e.u. finally agreed on a $540000000000.00 euro stimulus package it simply wasn't enough to drive markets up in london the footsie appeared that it would actually end green on the week but it fell by 1.5 percent on friday losing just $36.00 points on the week in france the cac also in the red the index was not able to make any significant gains on friday and over to germany where the dax following the same trend of during the meeting e.c.b. president christine legarde reportedly said the e.u. economy is expected to shrink by 15 percent this year well let's move across the atlantic over to brazil where that hugo best also down for the week early friday it appeared it would and in the green but justice minister sergio mauro resigned after accusing president of interfering with law enforcement affairs well this caused the

rail to really think it sent markets plunging and caused them to lose 9 percent while moving north the b.m.v. and mexico also down for the week a lot of struggling to to open or whether or not to open it during these difficult times in the u.s. the dow and the s. and p. down for the week while the nasdaq saw some significant gains wall markets were moving positive on friday but for giving up some of these gains the turmoil in the oil sector is affecting volatility in equities as well while finishing off in canada the toronto stock exchange is also up for the week since taking some big losses in both february and march the t.s.a. is up now nearly 30 percent since those lows the oil sector once again helping to keep things moving throughout the week and that is your global market walk. time now for a quick break but hang here. when we return we'll take a look at tallinn medicine and how social distancing may forever change the way you

talk with your doctor as we go to break here the numbers at the clubs. that's guys are sign it little by little they say maybe the girl i. love to visit this is the central plank support diet limits i don't call them i know they stopped . something in their system put on the chain on the. spot that's. designed to not. hold of the. vocal

just a little earlier should still. be able to show we're still a lot. of new prince not just punk. so we. want to show you. just. as the u.s. economy was booming growing numbers of people when they need us. you can work 40 hours a week and still not have enough to get housing everybody believes america still is the leader of opportunity the reality of it is that we're not financially equality and i'm not comfortable lounging or living minimum wage give many. there's been a problem with the city. limits on the police to. all of the

food that is the way it's because you know it's the records. on the streets to become invisible. there are some new terms being heard and medical circles that's becoming the new normal in the crown of our sara telemedicine and tele health while it's on the rise to deal with the demand of the pandemic but here to top our. correspondent ferran fronsac fair and what's going on well it is new to some doctors but you also have a lot more doctors today that are having to kind of learn what this is now sarah this has been around for at least a decade and it's one of those things that it's being done today what's being done today is simply a real you have a team of surgeons out in bangladesh being guided remotely by

a highly skilled cardiac surgeon that's in new york city you have medical students and gonna listening to a lecture about immunizations and germany and like what we're seeing more and more today especially in the wake of coven 1000 doctors are screening patients on line or patients going to a tele health center and video conferencing with a physician like what new york has done to meet the demand for patients coming and it's pretty incredible take a look at this. all right so this is one of the times that we're going to get up and running as you can see there's a registration. that we don't want this time we're going to use regis. with ability we're already on the other. rides we've. got all to meet demand are looking at what medical experts say the pros are this is more cost effective for patients rather than walking to the e r. getting slapped with a big bill rural areas are the most underserved areas when it comes to medicine so

this can help with that demand their doctors can see more patients more quickly and the quality of health can improve for some patients who let's say like if they had lou gehrig's disease or ls where getting in the car and driving to the office is going to start to get extremely painful as they lose their ability to move their arms or legs etc now the cons to this is that there isn't that bad side interaction and there's no physical exam that's physically in the same room also what if your internet goes down or your camera breaks there's technical difficulties there and then we've had people companies even the government get hacked could this happen here too now it's not just physicians in the e.r. doing this you also have mental health professionals physical therapists personal trainers and those who are man's best friend but also have 4 legs that's one area and they're also saying they're a little patients via video chat with their owners because again with many stay at home orders in place and your pet's health not considered an essential treatment it's basically the only way to figure out if that's the ticket old buddies back or

just a little scratch but the big question not only on the doctor's mind but also on the patient's mind does my health insurance cover tell a health well that's where you have a lot of insurance companies now looking into it and unfortunately you have been looking into this and many doctors say that the decisions are changing day by day until last month medicare and medicaid they were very strict about what technology could be used and they did not allow smartphones now you can use them but how much they will cover well that's another decision they're making as well now i know with my own dad being a physician sarah a lot of these insurance companies end up picking and choosing what they will and will not pay for that is extremely frustrating only for these doctors but also for the patients and knowing dr dombroski who you're about to talk to that has a whole lot more to say about this sarah they are to correspondent karen fronsac thank you so much but as farron just pointed out the coronavirus pandemic has certainly changed a lot of parts of society as we know it those changes. come quickly and in some cases might become permanent well one of those changes is

a stall medicine so continuing our conversation on occasion we are joined by dr john dombrowski of the washington pain center and the best co-host and investigative journalist and so on gentlemen let's continue the conversation dr dombrowski let's start with you how big of a change is this for the medical industry and do you believe this will actually become a permanent change to the medical landscape. this is monumental i can't tell you how many patients have been doing this now in my office since the code of crisis has come up and they actually look at they said why don't we do this before and i really find this one of the things that we're not going to go back to is well you need to come in for that a visit to times people really do and boy just a convenience as you are you know saying about with your introduction. i do see that this could be because of the opioids your patient confidentiality but more importantly patients and physicians as they don't look at each other and grin we can do this by video but there are a lot of verbal nonverbal cues that we get in each and every school exam and

sometimes people can come a lie if i see a body language a really you know one of catch on that so this is a great technique but i don't know all the subpoenas you for everything it definitely takes away from the interaction and like you're saying and picking up on life picking up on refuse from that one on one interaction but then in march alone telehealth visits increased by 50 percent now this is beyond the practical reasons is there a deeper reason for this. yeah there is a deeper reason the biggest reason that we've seen this increase it really comes down to regulatory issues there were severe regulations that held a lot of this back and just to give you an idea of some of those the center for medicaid and medicare services they expanded tele health benefits to medicare beneficiaries so that obviously opens things up the u.s. drug enforcement agency the da they temporarily lifted a provision in something called the ryan white act which required an in person exam before provider could electronically prescribe controlled substances and then a couple of other things here the department health and human services says that

non hipaa compliant communication tools so in the past face time and skype with would be considered a violation of hipaa laws in order to use them and now that's no longer the case so essentially what's happened is a lot of red tape has been cut that has allowed doctors to be able to do that do this and patients to be seen this way well a solution or at least temporary as they say for now dr dombrowski what are some of the drawbacks that spoke of a feel but if any of this this kind of health care. well i think the 1st thing is that you know the red tape was tremendous and i'm glad that the trucker ministration they got rid of this because we needed to make sure patients got seanie mediately goods room and overwhelming that system is not the way to go forward a lot of patients could be seen and you know by telehealth like what we're doing today obviously the drawbacks or you know we don't have the school exam in again if it's if we have a good relationship with the patient is the 1st way to start to know if we've had

a long term relationship to certainly can be done and i love the idea in terms of mental health you're going to see a tremendous with this crisis tremendous gains in drug and substance use disorders suicides and things like that so more with interactive patients in any format better for their city well absolutely when they need that support from a doctor i know doctors who have been doing this for years though for example who are for in other cities are specialists or things that are only have certain days of the week where they think it's types of patients then one of the concerns here is also fraud how does that play into all of this well that fraud always plays into it i think i think it's it becomes a smaller part of this you know i think what john just said so much truth in what he said about especially for mental health issues right we have a huge lagging in this country in terms of mental health services this could be a great way to deal with some of that and also the ability to be able to to make prescriptions but yes in the month of march alone the center for medicare and

medicaid services essentially said that they saw dozens of new applicants who showed up with these new billing codes in order for billing to go through so yes there could absolutely be some people who take advantage of it no doubt there will be they'll be they'll be some forms of medicare medicaid fraud that come from this also in some cases doctors essentially would be consulting with patients and it allows them if you handle this the right way to be able to bill for things that you shouldn't necessarily be billing for but i think. it's a smaller issue you know there's always fraud but i think the good in this case would significantly outweigh the bad in terms of people who really do need the help or even the changes for example of there's a p.a.'s as a doctor actually seeing you and the doctor actually taking the time to see you either way i definitely create some issues here with what the billing do you really see this becoming a possible new permanent alternative for maybe some days that dr dombrowski. yeah i

really do i mean the point was made earlier about mental health this is going to be a new normal i think and again many things in our life in terms of medicine have come out of crises you know the golden hour that came out of the vietnam war we had ice you care and things like that this is new technology that's going to have to be you know accepted and we're doing it rule areas and other places that are under-served and i think this is a great idea but it's not good for everything so we need to be cautious that we move or we're not going to go get patients to i think i think there could be a little bit of a balance between both want things a return to our new normal as they say well dr john dombrowski of the washington pain center and co-host of boom bust about the investigative journalist ben swan thank you for that analysis. that's it for this time catch boom bust on the man on the brand new purple t.v.'s available on smartphones google play and the apple app store you can always catch us on youtube dot com slash the best r.t.m. of the in a. so

what we've got to do is identify the threats that we have it's crazy. let it be an arms race off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. israel media a reflection of reality. in a world transformed. what will make you feel safe from. the isolation of whole communities. are you going the right way or are you being

led to. direct. what is true what's his face. in the world corrupted you need to descend. to join us in the depths. of the shallowness.

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time. and. saying an economy has and i meant america's response to south africa nation internet in fact it's well it's. no texas nonsense it's. been to your heart ours if you're still on the road or have mr brace post. to testify that hard to find there or is a number of pretend there right and. you don't have any role whatsoever in the investigation of this case that involved the murder of genesis recall right and you have no personal information whatsoever with regard to how this part of the place if. you weren't there.