tv Boom Bust RT April 29, 2020 9:30am-10:31am EDT
9:30 am
one business show you can't afford to miss i'm going to pour in washington coming up a few. days one studies. to determine the. maybe light at the end of the tunnel when it comes to covert vaccines as some trials are making headwinds straight ahead we break down the state of global infections and where the fight against the pandemic stands plus the title will meet this week to decide on how to tackle some issues facing the u.s. economy what moves will they make following recent rate cuts we'll take a look and later in the midst of shortages due to the outbreak we take a look at the surge in prices for some products and there are reports of profiteering with a boom bust panel show today so let's dive right in. as we continue to discuss the prospects of returning to normal life and reopening
9:31 am
economies the truth is many experts don't believe that will fully happen until there is a working vaccine but there is some promising news out of oxford university in the united kingdom according to a report in the new york times scientists at the university jenner institute are ready to move forward with trials of an inoculation tested against previous versions of the crown of virus which were harmless to humans researchers at the national institutes for health rocky mountain laboratory in montana tested the oxford vaccine on 6 monkeys now the animals were given a single dose and exposed to the current corona virus and after 4 weeks the monkeys are all healthy while other monkeys which were not inoculated and exposed to the corona virus did get sick speaking with the economic club of washington d.c. the united states top infectious disease specialist dr anthony said he was cautiously optimistic about these tests and spoke about the broader process of developing vaccines. there are going to be a lot of candidates out there as you know a few of them are already well into phase one studies in humans to determine if
9:32 am
it's safe and hopefully we can move along rather rapidly to get a answer are they safe and effective in a timely manner which i've said right from the beginning would likely be a year to a year and a half and then the challenge will be to scale it up enough to be able to distribute it meaningfully both in this country and throughout the world. well the oxford team says they will not finish the human trials of the vaccine until september but doesn't mean the world's largest vaccine maker is waiting to start production of the oxford drug now the serum institute of india says they will produce $5000000.00 units of the vaccine per month for the next 6 months to get ahead of demand hoping to have $20.00 to $40000000.00 doses by september or october when asked about making the vaccine before trials were complete the c.e.o. of the serum institute told the times of india the decision at our own risk and cost has been solely taken to get
9:33 am
a jump start on manufacturing to have enough doses available if the clinical trials prove successful and the united states now has officially surpassed $1000000.00 confirmed cases of the coronavirus that's nearly a 3rd of global clase is so let's take another global look at the trends and spread of the corona virus with our correspondent science having where we today so branded with much of the u.s. asia and europe in the beginning stages of managing their outbreaks and pretty much deciding in the next steps in their response to the pandemic some countries are actually just starting to see a jumping cases now amongst those countries still struggling to slow the rate of infection we have russia iran saudi arabia brazil and a single poor who are all just experiencing enormous growth because as you recall on monday would discuss countries actually flattening the curve and actually seeing a less cases but these countries there are still going up so in more detail in
9:34 am
russia the majority of the cases are in moscow all the patients have now been confirmed in every one of russia's 85 regions and at the moment russia has almost 95000 cases with over 867 deaths and 7000 of those cases have just been reported in the last 24 hours now. russia is also now the 8th most affected country in terms of infections having surpassed china and iran this week this is also had russia a lot worse economically as oil prices could pull lapsing which is significantly reducing moscow's income from crude exports but now let's move let's move over to iran that's right now facing the worst outbreak in the middle east with almost 6000 deaths and over 92000 confirmed cases but even as the country deals with
9:35 am
a jump in cases some mosques are actually scheduled to open later this week now and top of the deaths related to the virus more than 700 people died after ingesting methanol thinking it could cure the virus so it's very unfortunate brand and now let's move over to iran neighbors saudi arabia that has over 20000 confirmed cases and 100152 deaths you know even with huge jumps in cases $1400.00 of which have been reported in the last 24 hours saudi arabia has actually relaxed curfews at the moment due to ramadan and not only that but at the annual muslim pilgrimage to mecca is still of officially scheduled for late july now the kingdom has asked muslims to book to postpone their trips but has not officially closed. and every year more than $2000000.00 perform the pilgrimage to mecca
9:36 am
brand and now over to south america and brazil is actually emerging as the next hot spot for the virus and brazil of 1st really reported about 4600 that and more than 68000 confirmed cases and and and but the true numbers are there as in many other countries are actually believed to be a lot higher you know some. scientists even think that over 1000000 people in brazil are probably infected and you know and that crisis could escalate even more as brazil heads into winter which can worsen respiratory illness and lastly i want to discuss singapore which is one of asia small as population that's emerging with the region's highest number of coronavirus cases and just over a month ago brand singapore had been praised for its response to the pandemic and the increase in numbers is because singapore did not integrate the migrant
9:37 am
population in containing the spread of the virus and now the majority of them factions are the migrant worker workers living in extremely close quarters so a really really major setback for singapore's early success brant r t correspondent site have a juror thank you so much for that insight for and as a reminder you can always find the latest news and information regarding the quote of virus on portable t.v.'s coronavirus tracker. the u.s. federal reserve is meeting this week and it appears unlikely they will take any action after cutting rates to near 0 in march but has the fed's intervention since the start of the economic crisis actually work to stabilize markets and prop up the economy to discuss we're joined by todd or which chief strategist ed bubba trading co-host christiane thank you both for joining us today chrystia want to start with you are we going to get anything substantial out of this week's meetings from the fed. well the markets certainly aren't expecting anything substantial to come out
9:38 am
of the fed me next week they're not likely to insure any new directives until we actually have more data points and how they calmly is reacting and digesting the latest stimulus that's already implemented so right now we have slowing up these past weeks and this is a result of really the fed put this is the widespread belief that the u.s. fed can always fresca the economy whether it's by decreasing rates on mcewen you monetizing everything in sight basically so we recently saw them take on president step by an unlimited amount of treasuries and more new securities via q.e. when it launched in march the fed announced a floor of $700000000000.00 but no ceiling it made very clear that the market conditions will then determine the level of purchases so that's basically the number that we're going to keep an eye out during this meeting and whether or not to see if they issued more explicit guidance on how long these rates will stay in. the announced monday it's going to widen the number of local governments which it will buy debt in its upcoming lending program and really i just want to say that's
9:39 am
just more action that they're taking it in reality to kristi's point you know they're making all this q.e. there is these rate cuts there is this injection way is any of this actually making an impact we talk about this financial crisis that we are in that was kind of not brought upon by the coronavirus but made worse by the coronavirus. eyebright i do and i listen the bottom line is that the only hope good thing they could do tomorrow if anything is to end the fed that would be the best thing they could do they've done absolutely nothing they've now intervened about 8 times into this and all they've really done is torched the middle class once again because they didn't have to pay for all this when it's all said and done the best thing they could have done is to just make a lending program and lower the rates and give them extended time to pay for it and giving away more free money that is that is artificially kept the stock market higher and really created nothing nor growth you know that this isn't changing and
9:40 am
till the country opens we're not going anywhere and all this money is not going to help anybody because at the end of the day we need a growing and a moving economy where the velocity of money goes through the economy right now the money goes into the hands of individuals and sits there ok plus the the few people who have taken advantage of the program don't deserve to be in the program so at the end of the day this is a benefit in my opinion a total bust and of course the fed in their usual stead has really created a lot more issues down the road than they've actually tried to cure where we're at right now and see your point but i know it's a huge surprise as when there's free money handed out by some organization whether it's the government the fed whoever it might be there's going to be some people who take it who don't deserve it and we've seen that with the small business program i mean now what there were reports are that the los angeles lakers got several 1000000 in the in the stimulus so i mean it's all ridiculous here now christie equities i have been mostly stable today although some would say that's volatile
9:41 am
but you know their body of it what are we seeing in markets around the world and all the markets around the world this is they are having a relatively good day what are you seeing on tuesday or. well on the surface the market hasn't really moved much where about half to one percent but there is quite a fair bit of volatility in between the sectors right now you see the biggest tech stocks that have held up the market the founding stocks they've turned sharply lower today while investors shift into undervalued names names that have actually sold off the worst strain the peak of the outbreak so it's basically a rotation day the russell in next is gaining double the s. and p. in those markets are known for the high risk high reward scenarios and right now investors are piling into that high risk betting on the economy reopening and in addition just as you also see me tell it's like a pretty holdings t.v. h. and others that rally double digits today meanwhile they've sold off the war string the outbreak and they're still down you know great so this is a bit of a relief that it's so today getting in the allocation of funds investors are cashing out of the coronavirus when i was names like mark dr pepper the fang pfizer
9:42 am
and actually started to bottom pick the cheaper names the names that will bounce in the event of a reopening not a recovery but a reopening market's done a down today dragged down by the nasdaq as most investors they're selling out into tech arnie's that we had this week out from that just requires day that we have facebook and the like as well in the above what are you seeing in markets i mean like i said we're relatively stable today although it appears that we might be ready for another sell off i don't know what the catalyst for that's going to be but what are you seeing today. well i mean if you look at the bigger picture a mark is a really good stock in a very wide consolidation range and they're going to break out big one where the other and again they've made a couple of attempts to break out to the upside and have failed not good that doesn't mean that we're going down right now but they're on the range and look at the end of the day big tech has been on fire until the last couple of days and it's been a pressure but you've got google facebook apple amazon and a host of others that are report the next 3 days so it is not
9:43 am
a surprise that maybe there is some profit taking it head of these but overall the market looks fine i mean it looks like it wants to go higher and of. keeping them free money why not let it go higher but i want to touch on something interesting and quickly here before we end this today that was reported on monday the government of saudi arabia a sovereign wealth fund disclosed they bought a 5.7 percent stake in live nation that's the parent company of ticketmaster that was worth roughly $500000000.00 the fund also took a nearly $800000000.00 stake in carnival cruise lines as well recently what do you make of the saudi investment are buying up pieces of these companies hit hard by the pandemic this is they're making a great bet you don't you have you got that kind of capital to play with which they do you're making a great bet you're saying that the american economy is going to come back and that we're going to go back to theater concerts and things like that for a live nation and we're going to go back on vacations or go back on cruises so my opinion listen they've made a great bet they're not going to get out tomorrow they're not kind of panic this is
9:44 am
a phenomenal play for them that will probably double or triple their money over time for beat making this investment at the absolute bottom that's a warren buffett type of led by a company you know is going to be better and buying it for a cheap shot or as chief strategist at bubba trading in blue bus goes kristie i thank you for that expert analysis. thank you. and time now for a quick break by here because when we were churn in the midst of a shortages due to the outbreak we take a look at the surge of prices for some product and reports of profiteering with a boom bust pedal and as we go to break here the numbers at the close. time of the time called her ration to repeat the same mantra sustainability very
9:45 am
important it's accelerating the transition to sustainable transport sustainability spain overmanned a more equitable and sustainable well. they claim that production is completely hama's. companies want us to feel good about buying their products while the damage is being done far away and this is something i'll just want any minute i mean look. this is the moon and you listen we didn't even i'm stunned seemed to be based on just good looks so when.
9:46 am
we go to work you straight home. as the u.s. economy was booming growing numbers of people when they. you can work 40 hours 'd in a week and still not have enough to get housing everybody believes america still is the land of opportunity the reality of it is that we're not financially equality and the lack of affordable housing for a living minimum wage gave many people new choice but that's been a problem with the city bluenose turn to make sure to always stay away almost all to sums up the food that there is no answer because yes that requires these folks the most vulnerable or abandoned on the streets to become the invisible clouds.
9:47 am
9:48 am
gloves protective clothing and i where there are now a large number of reports indicating that p.p. sales are being taken advantage of by p.p. profiteers who in some cases have raised the price of the equipment by as much as 1000 percent and in some cases equipment that has been marked up by 10000 percent so joining us now to discuss is our boom bust co-host christine and ben swann thank you both for being here with this again now ben let's start with what is actually going on here what are some of the worst examples of these markups and this type of profiteering off of the coronavirus. yes so essentially the story now is you know for several weeks there's been talk about you know you can go on amazon and you would find hand sanitizer for $300.00 a bottle or facemask you know a box of 50 of them for something like $500.00 so those have existed out there and amazon said they were going to crack down but the new angle to this story brant is
9:49 am
the fact that hospitals are having to buy a lot of protective equipment right now face masks and p. p. e. like gallons and gloves those kinds of things hospitals have to have this now the way new york law is written essentially in new york state you cannot and then when i read it to you you cannot increase the price of the consumer product by an unconscionably excessive price during an emergency but that's a consumer product for individual consumers those are personal family or household purposes that's the way the law is written in this case what we're seeing is hospitals saying wait a minute as as a professional into tea we can't get this stuff because those prices that been marked way up for instance the one hospital says this they say that the price of a gallon that should normally cost about $0.50 to create is costing $7.00 and a shield a face shield that's worth about a $1.25 it's being sold for $25.00 a shield so the hospitals are saying that they are going to try to buy equipment and the pricing on them has gone like off the charts now kristie i mean some would
9:50 am
say that this is truly a supply and demand issue and that the price of these items has that actually gone up as they become more and more scarce but we're talking about $15.00 times what they normally cost but we also know that a doctor 3rd of doctors treating her about his patients and hire a settings are still unable to get all the protective equipment that they actually need have leaders have warned this is also a moral issue and not just an economic one what do you make of this whole situation . sure it is a moral issue and that these doctors should get all the people even need in order to save lives but people also need to understand the how the entire supply chain works so. oh yes the price and manufacturing has gone up because of the price of raw materials latex for example there is a worldwide shortage of latex right now chinese manufacturing companies can't produce enough nitrile gloves they source the latex and 1000 manufacturing companies are putting up the prices themselves in order to try to fulfill the millions and millions of quantities that are ordered and that's the same thing with
9:51 am
the filtration materials used for the mass and. the volume of the orders coming through it's producing backlogs and remember these manufacturing plants just are operating at full capacity now so with everybody starting to get production going at the same time you now have back once in orders backlog that barge backlogs at the at the air freight station and that increases the price of shipping as well so really the price increases at the manufacturing level has been consistent it's the price of the raw materials and the price of transportation and that makes sense given the principles of competition there are thousands of factories in china so if you try to price gouge at the production level the consumers will just shop somewhere else so really a lot of price gouging where that's coming in that's in the middle man and that's here on u.s. soil. and you've also called the generally a supply demand issue to a certain extent but there's also another issue here of heavy demand leading to other issues what's going on there yes so you know the supply the main issue is one but the bigger issue is this when you have a huge demand for things like p. p. e.
9:52 am
this personal protective equipment what happens is you have government going out and trying to secure this stuff whether it's a state government a local government a federal government what they say is hey we have a stack of money we need supplies very quickly and as a result of that you get all these companies that come in and say oh i got you i can take care of that i can supply you with the masks that you need and then you get you get a contract written up you send money to them they create mass they sell them to you and the mass don't work properly or they never come in at all b. there's a company that essentially got a huge government contract saying that it could procure facemasks from the department of defense because they were sitting in a warehouse someplace but those mass never came in there's also. a company that bethany frankel remember her from the real housewives series she was actually in touch with a warehouse owner who claimed that he had a warehouse full of these masks and made a lot of news in new york that all of a sudden the masks never showed up and so one of the things that you find right now is there's a lot of scammers who will go out there and promise they can provide this because there's such a lack of supply out there that everybody is jumping on board because basically
9:53 am
when you when you get a demand like this you get stupid money and government source throwing stupid money at everything not realizing 'd that there's a lot of people out there who will say they can provide that in fact they can't you know i kind of wanted to add on top of that then because right now as you said the problem is supply and the reason for that is because the trumpet ministration they quietly in both the defensive protection act in order to force medical suppliers to sell to it 1st ahead of states hospitals or foreign contracts so this is a cold war era law that gives federal officials the power to edge out the competition and force contractors to provide supplies to them before filling in orders for their customers and there's absolutely no transparency about what the federal government is doing with the equipment that they do purchase even when they are states and hospitals so in fact now you have reports from fema seizing imports of private companies without pain that they have been dozens of requests from famous even cry some importers and employers are out millions and millions of
9:54 am
dollars and their lives have been lawsuits filed and yet it still continues so now private companies that are actually out $1000000.00 these importers that are actually getting all these facemask their product has been seized so with them losing money on c s because they just decide to flout stop importing further contributing to the shortage and the price hikes. if not to not to cut you out of this conversation in print no problem they go back to. that too because there's also another important issue that people are saying precisely right which but the other important issue is this you know when there was the swine flu issue a few years ago the government had a similar response at that time demanding the need for masks and they said how badly we needed them and there were mass creators in the united states companies that bought equipment they started producing these masks and then from one day to the next it all dried up and so what has happened since then is before the swine flu the u.s. 2 was creating about 90 percent of all of the medical facemasks in the world 90 percent within one year china was creating 95 percent of those face masks right now there's
9:55 am
a lot to complain about china saying well they're holding equipment they will send it to us it is not china's fault that the u.s. is not producing its own equipment or producing its own masks and that has been going on now for years and there's been a lot of warning about that and it has not been heated kristie got a last word 20 seconds here. well exactly what ben said the u.s. needs to be able to stockpile their goods and right now with the destruction of the private insurance it's important that used to be an import w2w masks on a weekly basis but because that out of caution a female seen an approximate now they their supplies are going down to only 300500000 masks so the fact is the federal government is actually exacerbate in situation making it worse co-host christi i and ben swan excellent segment thank you so much. and finally distillers are also helping fight the coronavirus and for quite some time and they have been creating hand sign of ties or to fill the void now a whisky distillery in new england is getting creative with increased amounts of
9:56 am
stale craft beer on the market the craft beer industry has a $29300000000.00 market here in the united states and the plunge of consumption has greatly impact the business causing hundreds of thousands of kegs to lose their luster for instance highly i p a's are known to lose their identity in just weeks well distiller whistle peg so they have been receiving stale beer from breweries throughout the region free of cost to turn that skunky brew into high end whisky whistle pig c.e.o. jeff kozak said of the situation we are tentatively calling the project the great beer rescue adding as the liquid develops in the cask we'll work with each brewer on an aging strategy that best benefits that specific beer so when life throws you lemons you make lemonade or in this case stale beer it's time to make some whiskey and that's it for this time you can catch boom bust on the brand new portable t.v. on smartphones through google play and the apple app store by searching portable t.v. or you go to portable t.v.
9:57 am
9:58 am
what she needs to break she. is. perhaps the most sensible so. the economic system known as capitalism has generated more wealth than any other system in history in many ways it is defined maternity itself hundreds of millions have been lifted out of poverty however capitalism has also witnessed growing income inequality bust the appeal of socialism currently on the rise can complement more of. a sudden. when it seems. i was on the floor some days in my basket of you know crying praying.
9:59 am
it was just a minute with. i want to explore we once knew yes it's time for us to doubt words i was having still in fever i didn't have any sense of say source now i'm the most you know in the world would you. please to wish you know sundays or just you to know. that one time when he was on the ground to know for certain. i hope i didn't. lose myself quoted in the main the 5 i'll go to.
10:00 am
the lead. i. i. welcoming our viewers from around the world live from central london this is all to u.k. . britain prepares to see an increase in the number of coronavirus fatalities with care who gets to be included in the daily count that's as labor leader secure challenges a government to publish a look exit strategy. they just done just in singapore say britain could see sue the 1st wave of coronavirus by late august i'll be talking to an expert who's from the university that carried out the study. the pandemic could result in almost
10:01 am
18000 extra deaths from cancer in england due to delays in diagnosis and treatment that's a form of w h o advisor and cancer specialist ones of britain should begin lifting some of lockdown restrictions from next week we hear from him later this. report compares the scale of the virus is economic for now to the great depression nearly 100 years ago. britain's daily coronavirus death toll is expected to rock itself to the government announced home fatalities would also be included in the figures as opposition labor leaders a kid still made demands number 10 publish a log exit strategy on the show it was dusty joins me live now here in the studio
10:02 am
to tell us how the death figures are now being measured well there's no getting away from it really that there have been previously mismatches and discrepancies when it comes to the official death toll and that's because the government's figures do not include any deaths outside of hospitals it really is a different methodology that the government's using to collate the figures and really the argument is that they're not including cat homes but as you can see in the last 24 hour period the has been a jump in the u.k. of 600. one deaths breaking that down that's 83 in scotland wells with 73 but still waiting on northern ireland to release any figures and we're still waiting for the figures to include care homes now for quite some time and the government's been under increasing pressure to amalgamate those official records but what we're hearing from the environment secretary is that the care home figures have not been knocked down. no i don't accept that it was overlooked but obviously there was a real focus on our n.h.s. because there were concerns that it might be overwhelmed and we wanted to make sure
10:03 am
they had absolutely everything they needed while the government has also announced that all residents in care homes and indeed care home staff will now be able to be tested for the coronavirus even if they're not showing symptoms. showed the labor leader has no did an exit strategy a player from the government absolutely the de facto prime minister the man of course who has been standing in for boris johnson dominic drop was facing a various questions from cyclists starmer the labor leader at today's prime minister's questions the reason of course his standing in yet again for the prime minister is today boris johnson had some good news that his fiance kerry simmons has just given birth to his baby boy both of them of course suffering from cope at 19 over recent weeks boris johnson being completely out of action sarah symonds also out of time when she would have been heavily pregnant suffering from kovac 19
10:04 am
now it's understood that boris johnson won't be taking paternity leave just now but as for today he was not in the dispatch box instead dominic dropped facing quite a grilling and 2nd started today really focusing on the united kingdom's death toll he says quote it's a truly dreadful number could be an underestimate and also he believes that the united kingdom is on the path to being one of the worst across the whole of europe he also paid particular attention to an exit strategy or at least an idea of a road map of what the united kingdom could looked up to look like post a lockdown period and this is the government's response. what i'm asking for is the government be open with the british people about what comes next that's crucial for 3 reasons we need to trust. secondly the government itself the public schools businesses trade unions need to plan ahead and they're saying that loudly and clearly 3rd and frankly we'd like to transfer the government strategy but we know
10:05 am
what it is i think it's important for us to do so if we can we can't do that if the government won't share its thinking the prime minister said on monday that he wanted maximum transparency well look the 1st secretary give us some now and tell us when the government will publish an exit strategy based on the advice and the evidence that we had from sage which he said he wants to closely follow it would be very difficult for us to responsibly set out those proposals before we've had that subsequent advice from sage both on the rate of infection the death rate but also the measures that would be responsible to make and that's why with the greatest respect and i understand he's trying to be constructive we can't be pulled in to making proposals in advance without sage a point so dominic brought that speaking of sage which is an advisory group of scientists advising the government about what to do next and what they're looking at is really modeling the stats and data over the last few weeks during locked out and looking at what can be done to reduce the reproduction rate of this virus
10:06 am
trying to stop and limit the spread that's really the main aim to keep it at a stable level so today dominic probably just staying in a holding position waiting of course for boris johnson to take the driving seat yet again it's understood that there will be a cabinet meeting so more to come tomorrow. thank you very much indeed for all of that it's well to discuss this further i'm joined by a public health physician in the next hour. the former head of the faculty of public health john ashton argues that the government must be more transparent on the death figures at a minute the rate could be far higher than any of the current predictions he told going on the grounds action returned see that the whole strategy risked undermining public trust. i think the government has heard chance of the chance to demonstrate that it was going to be straight with the public and this thing about just giving out the hospital deaths each day and making no efforts so.
10:07 am
not just the deaths incurred homes but the deaths in people's homes that are taking place because people are not being referred to hospital it's very likely that the circle. is somewhere between $45.50. i think that most of the time this is over we could be looking at between 50 and a 100 s. the government should be straight with us about this. and you can watch that full interview on going underground head over to our website where you can find the times for your region. the 1st wave of the u.k.'s coronavirus pandemic could be over by late august that's according to data modeling research from the singapore university of technology and design the predictions claimed that in the u.k.
10:08 am
97 percent of the total expected cases of covert 19 could be realized by the 17th of may the 1st wave could feasibly end by august the 22nd using the same model the university also estimates the u.s. could hit the 97 percent mark by may 15th but the 1st wave wouldn't be over until september russia looks set for an earlier finish 97 percent of cases could be realized by may the 23rd and the 1st wave could be over by august the 7th in a similar vein india could see the end of its 1st wave as early as the 2nd of august and on a global scale the current phase of the crisis could be over by the 1st of december . well we must caution of course that these are only predictions but to discuss them in detail i'm now joined by an associate professor at the university that carried out the research jaish e l o j c thank you for being with us now this is all very interesting research and of course it does seem to offer some sort of hope but what if you base these
10:09 am
predictions all on. your thank you for having me so we actually used a very classic a bit and then more than just our model. we actually can compute. the lovers the dynamic of number of interaction interactions could event addresses over time in a closed population and the model used to be birds or radical is very hard to use in practice or in this case we have already been seeing in the pandemic for a few months and some of that in the. infractions of the community it so we only recently started to do the production because because of the day that available so we actually use the data into 2 and a model basically regress and keep parameters in the model and then we use a trend model that was a very very high model data feeds into an estimated total and damaging life cycle
10:10 am
and also will and with that cycle we can you can map it together with that actually creates this to estimate where we are in our you know that you know life cycle of the pandemic and also estimated they key dates with translations next attorney and some countries. which happens in the turn an infraction or a country just for the countries that are in have really passed the infection dates we're looking at the details of their life cycle cards so you confident in the accuracy of this methodology that there must be a margin for error perhaps. oh certainly so there's no perfect model or you're doing it or that kind of what do you really resent the complex dynamic and the heater generation related to use of different countries in the war model by the nature it is the abstraction of the real war and data are also indicators of what's what's actually happening in so everything we have done here is just an
10:11 am
estimation and detail science and it actually is a science of uncertainty we actually are very careful about that uncertainty and precision and more interested in the model data feeds of our estimation and statistical significance so that results we reported on the websites and actually are selected countries in the countries. whose results have a very high model when data feeds and statistical significance so for example if there's a match you quote are square and that describes the model of the interface and for those countries that currently been reporting on the web site all those countries that have both are square. one turtle at age 4 and the. model one data feeds of one of the no data comes are not hiring and are clear for the community this is this is sort of data collection and obviously different rich countries so but maybe that's perhaps explaining why the u.s.
10:12 am
prediction is for september and why it might be so much longer when you're looking at a shorter predictions for other countries are to me why in america is it looking like it's going to be much longer your prediction is that because of the collation of different sorts of data getting from countries so you mean that the u.s. isn't later for a real moment in the 100 percent and i'm excited. why yes yes yes. oh i actually it's a very hard question because i don't have a good buy in from you for mentioning about the united states maybe the countries more income tax and he did jennie's so the predictions are purely due to bring race over to the predictions might provide some indications for the experience with a lot of job out of the united states. given some of the insiders are make the decisions policies or reactions of human behavior is more informed than what was
10:13 am
said what that factors are at play then for different jobs because it's interesting isn't it that it doesn't slightly better than for countries such as india and russia and people might be saying well what have they done that the u.k. and the us haven't been dealing with this crisis. i don't know or to be honest though you'd be in singapore and you have better knowledge about what's happening there we're worried in singapore. and the obvious is to comment on what's happening ok fair enough but you also base this on a 1st way if then supposedly we are expecting a 2nd wave are we but will it be a lot worse or would it be not as bad. so the current model is a one stage while it's natural of modeling am predicting multiple waves together it's a suitable word and the conditions for example that this is real or scenarios led government parties to the locker room and behaviors don't change and remain the same and innocent exaggerated in their predictions will be valid to predict their trajectory this century jarryd if one of us conditions or the conditions
10:14 am
dramatically have changed and will be likely to see the 2nd wave was absurdly of not if we have to use the data for individual waves to feed the model so we have to the early starts quite what we're doing actually is a predictive model and there you continue to monitor the actual pieces together with the predictions because we know that it will worsen the research engine we cannot just make one sharp prediction and when to see whether this reliance or i'm up no that's not what we're doing we're actually monitoring and the predictions that predictions are supposed to change if there are and we don't or changes you know you know government policy human behaviors and we actually do so the predictions are that you can be uber made to give for the government so i get back to wait and see the response is you know predictions from other measures of new measures to be taken so that the predictions are hopefully been able to make that government more uniform tight and also make sure you buy the original audiences more thank you very much really interesting to talk to you thank you for your time
10:15 am
joining us live here at aunty q jay. well health organizations want against issuing immunity pulse boards saying there is no those solid proof that recovery from the disease would prevent a 2nd infection but the plan is being widely discussed particularly in europe with croatia's tourism minister claiming that many agree on the need for a common travel protocol what he calls a covert 19 passport all of it takes a closer look. the brandenburg gate is one of germany's most visited tourist attractions but if you're dreaming of seeing it or anything else in the e.u. any time soon you may well need a special type of passport that says you're immune to the coronavirus the tourism sector has experienced an immense and unexpected decline in demand due to the outbreak of the coronavirus been demick our mission is to be as members of the european union and as part of the most successful tourist region in the world leader in the recovery of tourism these m unity passports are just one of
10:16 am
a number of ideas being discussed by the new tourism ministers as they try to find ways to mitigate the impact of code 90 on the holiday industry one particular idea is based on the whole proviso that if you've had covert 19 you can't be prefect it some nations like greece which relies massively on holiday makers spending money there are very much on side with the plan but there is one quite significant hit show experts at the world health organization say immunity passports wouldn't be worth the paper they're printed on at this point there is not enough evidence about the effectiveness of antibody mediated immunity to guarantee the accuracy of an immunity passport or risk free certificate people who assume that they are immune to a 2nd infection made more public health advice the use of such that if it gets made there for increase the risks of continued transmission in some for all
10:17 am
a just so warning that immunity for sports would just be impractical but they could do if we helped to spread the virus further the sad reality for europe's tourism industry is that without it's a working vaccine the future looks far from bright before all of us r.t. . well as the u.k. death toll continues to climb here is the most recent updates according to individual reports from england scotland wales a further. 601 people have died from the virus in the last 24 hours bringing the total number to over 22000 and official government announcement is expected later the so often in british home secretary pretty to tell face criticism over britain's lack of screening or self isolating measures for international arrivals while scottish 1st minister nicola sturgeon has said that corona virus deaths in care homes of overtaken those in hospitals in the past week and now the latest figures from around the world well according to john hopkins university which collates
10:18 am
worldwide data over 3100000 are now infected over 217000 have died while more the 947000 have recovered. and opti has become the 1st company in russia to offer its staff tests that can determine whether their blood plasma contains antibodies brazilians remain divided over their prisons downplayed response of the virus some are calling for his impeachment over the lack of preventative measures one of those take to the streets in his defense. well still to come this hour. delays related to the pandemic could result in almost 1000 files in extra deaths from cancer in england that's a form of w.h.o. advisory council specialist calls for the lockdown to be lifted next week we hear from him the whole ace of us out. to report predicts some christmas changes to our global economy with the effects of the virus to last for years.
10:20 am
is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation full community. are you going the right way or are you being led to. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or in maine in the shallowness.
10:21 am
the current of r.'s pandemic could cause a large increase in deaths from cancer as patients avoid tests and hospitals delay treatments research by university college london the health data research hub for cancer says that almost 800000 extra deaths from cancer could occur in england within a year due to the pandemic could also lead to at least 20 percent more deaths and newly diagnosed patients over the next 12 months it also found a 76 percent fall an urgent can't set referrals from g.p.'s and also a 60 percent decrease in chemotherapy attendances compared to previous virus levels and that's as cancer expert and former h.-o. advisor professor carol sykora says that britain should start lifting the lockdown from this coming monday he says schools pubs and bars should be open by the end of may if there is no spike in the number of cases the government is not yet published an exit plan despite demands from the opposition well for more on this i'm now joined by the man himself former director of the w.h.o.
10:22 am
council program and professor of medicine at the university of buckingham carroll sykora thank you very much indeed for being with us let's talk about those cancer deaths to begin with 800000 nor what what what is driving that is it people staying away or treatments being perspire own it's a combination 1st of all people stoically that's right and stay home protect the n.h.s. save lives that's been the slogan for the last month they're petrified to go to the g.p. that would get them into the diagnostic pathway operate 30 years have been idle for the last month everything's been on risp or a tree control there until it's a sweet kind of intensive care and so on so we've got a whole cohort of cancer patients from april that haven't been diagnosed yet they're going to be diagnosed in may we are moving round to that now and then they'll come on last 2 or 3 months worth of patience. it's all need surgery radiotherapy chemotherapy so prioritizing them getting through the system is really
10:23 am
the key all the less that's extra pressure then again the huge pressure of already seen on the n.h.s. and more pressure to come. yeah it's like a dam you open the dam the water flows out and floods the valley and it gushes down and we can't cope with all those patients we're going to have to work related to the evening and weekends around the place to do it involve the private sector there are all sorts of ways of of getting around it but it's going to be done quickly the calculation of university college this morning it's about right that's contingent on maybe just a 6 week delay if it was a 6 month delay let's say there's a the virus just doesn't go away for a long period of time we have to keep hospitals working just one cubit we're going to get stuck again on a 6 month delay could cause $50000.00 through cancer so we have to try and get moving and can you reassure people that it is safe because the government says that
10:24 am
treatments can start up again there are indeed adverts calling on people to see their doctor if they suspect anything is wrong. absolutely it is safe and now we've got the testing ramped up you know it's going to be difficult for our health ministry to promise 100000 test by tomorrow the end of april if it doesn't reach that number that's not that the absolute number doesn't matter it's sustainable testing to identify those that are coded positive and should have put in isolation before they go for treatment those who are negative go into the cancer treatment for surgery and the other cancer treatments we have available people shouldn't be put off from going to hospital now you have one legions of fans on twitter for presenting the coronavirus data in a more positive way but of course the daily death rate is still high and was certainly not out of the woods why are you giving that level of optimism the death rate is artificially you know it's not really as quite as bad as it seems 1st
10:25 am
of all every day sadly in britain $1700.00 people die so it's the difference or even those that would have died anyway and those that died with because of corona that really makes the difference and if you take the pure people that have died actually of corona and that's how the german figures are presented it's actually forming quite markedly and now to actual the government decided only yesterday at the care home figures to the total death well they thought they were so the curve is not dropping very precipitous rate because you've added more deaths from the care home is just how the figures a hand or i think within the next 2 weeks will be coming out of it and that would just be great and you know and you indeed are advocating that the relaxation of the knock down but of course and then we hear about the possibility of a 2nd wave a 2nd peak later in the year. well you know a lot of gloomy people around i was think epidemiologist a terribly gloomy it's true that's certainly
10:26 am
a possibility but we look at other countries we look at china it was south korea that all went up to that now we look at austria czech republic they came out of it we austria came out on the 14th 2 weeks ago today so fantastic and they have seen a 2nd surge of infection we're going to monitor it that's the key chast and monitor and look at the number of new infections i suspect we're going to get away with it in all these countries now and i really hope so for the benefit of cancer patients and it's all part of the same thing if we can't get rid of corona we're not going to be able to start effectively on cancer cardiac disease and other illnesses and just your thoughts again on a gloomy prospect that indeed you may not be immune from the virus if you get it once you can get it again and your your thoughts on that are briefly very gloomy didn't happen with sars and you know we've lived in symbiosis in partnership with these viruses for you know a good 20 years this is no different can we do it again i think sir and if we can
10:27 am
then the whole problem of immunity passports all disappears the travel we're open again later on in the summer that's the optimistic view the pessimistic view is the world close forever and that would be very sad thing to talk to you professor i thank you very much indeed professor carol sykora thank you for your time. well the foreigner out from the pandemic could last for 2 years with subsequent waves of the virus adding to the current economic damage that's according to a report by the institute of economic affairs which says that governments must be prepared to invest to get through the crisis it claims the pandemic is moderate when compared to historical plagues but it doesn't mean the impact is any less serious it expects world economies to experience a severe drop in g.d.p. this summer but the turmoil could see an acceleration of changes in how we work already seen in innovations such as online shopping or remote working of the
10:28 am
governments will also be faced with a large bill with a global debt crisis likely in a period of high inflation to follow and also states the crisis will see governments move away from further economic integration with the global economy and the report identified intensive farming as a source for the transmission of a new disease triggering a future pandemic and at the development of vaccines and tests could be accelerated by relaxing existing regulations the i.a.e.a. also called for more robust health care systems and changes to adult social care provision well i was joined by a member of the institute of economic affairs to discuss this report in the next hour and that's it for the moment i'll be back with more news in half an hour from now.
10:29 am
we go to work. straight home. the u.s. economy was booming doing numbers of people will made homeless. you can work 40 hours 'd in a week and still not have enough to get housing everybody believes america still is the land of opportunity the reality of it is we're not financially equality and the lack of affordable housing for a living minimum wage gave many people no choice. that's been a problem with the city has turned around and told me stay away i don't miss. the
10:30 am
food that. the requires at least for the most vulnerable or abandoned on the streets to become the invisible comes. damn action or thought you were going underground 48 hours after civilian killing u.s. backed israeli airstrikes on damascus and his british prime minister of ours johnson regains power in london the epicenter. what's said to be the worst coronavirus death to capital hit country in the world so far coming up in the show what price is a human life lost to coronavirus johnson's government appears to think it is 60000 pounds we talked to former president of the u.k. faculty of public health professor john ashton about why so many nurses and doctors
42 Views
Uploaded by TV Archive on
