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tv   Boom Bust  RT  April 30, 2020 10:30am-11:30am EDT

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and that's it for the moment more news in all for now from. you shouldn't somebody. let's see i guess. i was on the floor some things in my bathroom you know trying praying
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. just gave me the meeting certain i. was slimed 1st class think the worse i was having children fever i didn't have any sense of ceaseless now. most young. girls would you. recently she had us on the oldest you tube. simon the song announcer for concert. i have didn't have to shoot myself how close it is for me in the face i'm going to . go. this is like a horse race what it's like. there are 200. trees. and a question we should take place to save lives and companies because.
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this is a boom bust the one business show you can't afford to miss in washington coming up economic growth numbers are out for the 1st quarter 2020 is taking a hit due to the ongoing pandemic we have expert analysis on hand to break down the state of the economy plus the airline industry could be facing a grim future as a pandemic has created turbulence 1st sales we take
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a look at the performance of the sector with a packed show today so let's dive right in. and the united states economy declined by 4.8 percent in the 1st quarter of 2020 according to data released by the u.s. commerce department wednesday while a contraction was expected a survey of economists by dow jones had estimated g.d.p. would only fall by 3.5 percent for the quarter consumer spending dropped by 7.6 percent for the 1st quarter as not essential businesses across the nation have been closed due to the coronavirus pandemic now exports fell by 8.7 percent imports to the u.s. withered up by 15.3 percent now this was the 1st time u.s. g.d.p. went negative since the 1st quarter of 2014 and the biggest drop since the last recession in the. i did states this economic contraction is the longest period of economic expansion in u.s. history and despite concerning news when it comes to economic growth in the united states markets surged on wednesday meanwhile the u.s.
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federal reserve the federal open market committee wrapped up crucial meetings where they decided to keep interest rates near 0 fed chairman drone paul held a virtual press conference following the meetings and had this to say. last month we quickly lowered our policy interest rate to near 0 we stated then and again today that we expect to maintain interest rates at this level until we're confident that the economy has weathered recent events and is on track to achieve our maximum employment and price stability goals so let's get some expert analysis on the state of markets and the economy with former fed insider and c.e.o. of quill intelligence. co-host christine thank you both for joining us today now i want to start with you on this fed decision the fed is actually now plays additional actions and lending programs as the economic conditions have worsened what are the tools do we really have to work with here after that you know near 0 interest rate. well you know in the press conference chair powell said that if the
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size of the facilities that have been authorized thus far are not adequate if they're not big enough that the fed actually has 0 impediments to grow them as much as they want he drew a parallel to the p.p.p. program the 1st of which was capped at $349000000000.00 for example and said that unlike the cap that congress puts on certain facilities that are working through congress through the small business administration that the federal reserve is not impeded by any such limitations and that they can grow these facilities as much as they possibly need to until the economy is on a self-sustaining path did you know i mean that brings me to this point what it what is the danger of the fed actually blooming the balance sheet i mean its pursuit to stabilize the markets it is now ballooned to a record at $6.00 trillion dollars which is nearly a quarter of u.s. g.d.p. i mean or whatever what are we looking at here. you know the estimates vary but i think that it's safe to say that will be at least 10 trillion dollars by the end of
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this year and you know if not going higher and higher it really according to the chairman and self it really depends on the trajectory of the economic recovery and they're willing to continue growing their balance sheet as long as need be and these are kind of frightening thoughts because at some point you know you'll have you'll have the fed balance sheets that you know as the u.s. economy continues to shrink as we saw that that process has begun you could have a federal your balance sheet that eclipses the size of g.d.p. you know kristie to bring you in here in a 2nd so i apologize but i have another question is this is right for our viewers who maybe don't have as much information about how the fed actually operates can you give us a quick explanation of why they're able to do this with 0 impediments and they're just able to continue to pump this money in with really no oversight basically besides themselves. well 1st starters the fed is being allowed to use 10 times
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leverage so they were they were given the kick in the initial cares act they were given $454000000000.00 to work with with these facilities but they can lever that up to $4.00 trillion dollars these are unfathomable mounts and as as powell said if they need to fire up the printing press in order to make more money in order to lever it up even more then that's up to their discretion and to your point i do get concerned because these facilities in large part have to be housed on the balance sheet of the treasury because it's against the law for the fed to take credit risk on such that any losses incurred via fed actions have to be shouldered by the taxpayer kind of makes your head spin christine i want to bring you in this conversation here what do you make of what danielle saying here what this fed action is what's going on with this but action. why i think it's very concerning because right now you know just mention it will depend on. economic recovery and to see how how far we can balloon the balance sheet and i think that 10 trillion
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dollars is actually a very conservative estimate like a lot of the people i was talking to there are projecting about 12 trillion which is about half of the u.s. economy's g.d.p. so at that rate it's going to be completely unsustainable and the fed is essentially going to be borrowing from our future the u.s. it's future because at some point that all that money is going to come due whether it's going to be in the form of massive fiscal fiscal controls measures or other deflationary policies and now chris i want to go back to our 1st story here today 1st quarter g.d.p. numbers came out wednesday as a measure down 4.8 percent which is the worst of it which was worse than expected expectations now economists are saying their forecast for the 2nd quarter g.d.p. preparing for it to possibly be even worse than that what's happening there with the u.s. g.d.p. . well most of that was contributed by the surprise 7.6 percent plunge in consumer spending now consumer spending that makes up about 60 percent of g.d.p. so this contraction in the 1st quarter is the sharpest pace since the great
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recession of the lockdowns curve consumer spending and business activity now people are saying that the stay at home orders then began in mid march and consumer spending declined this much already then 2nd quarter contraction could come in even worse with full on lock downs in place so basically even if these restrictions were eventually lifted on later in the 2nd quarter travel restrictions will still hamper compte simmers spending as there won't be to be an airline hotels restaurants bars and theaters and it will take a lot of time for demand to come back even more so in the face of the rising unemployment as we've spoken about which is projected to grow even more this week the latest jobless claims thursday is currently expected to report in at 30000000 workers that will have filed for unemployment benefits so now looking for the 2nd quarter is expected to contract another 40 to 45 percent according to barclay's as a rising unemployment takes its toll on the economy you know do you know what do you make of this big g.d.p. drop i mean obviously a lot of this is expected whenever we see these awful numbers we knew that the
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economy was basically shut down and we know that the world economies are basically shut down but you know it feels like everybody goes it's no big deal don't worry about it we knew that it was going to happen we'll be able to recover but we don't know how long this is going to last and whether we reopen economies or not it may be 18 months before we were turn to what we like to call normal what do you make of all this then you know. well i think returning to normal is one thing i think i think that the markets are celebrating expectations that we're going to return to 50 year lows in the unemployment rate which could take 18 magic it could take 2 years it could take 4 years for the economy to recover from this magnitude of a demand shock and you have to bear in mind that this morning's number was as bad as it was it was flattered by a 21 percent spike in residential investment. homebuilding activity we know that that is since collapsed and that that won't be coming back any anytime soon either and goldman sachs put an action out also that said that once we get all of the
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provisions because we get 2 more revisions to this 1st quarter number that it could be it could get it down to as low as 8 percent so look this is not i think i think the markets are getting way ahead of themselves the stock market the bond market they're getting way ahead of themselves and presuming that this is going to be a v. shaped recovery when nothing in the economic begins to sit to suggest that that's even a remote possibility kristie what do you make of that because with all this bad news today how does the market rally make any sense. ok exactly it doesn't really make any sense the market simply up on optimism that we're that much closer to finding a cure like that has been the running headline all morning just really some results and it starts a program does appear to which then dr anthony fauci the director of national institute of allergy and infectious diseases he saw that that showed a clear cut on effect when treating the virus so basically in this progress continues and we have an effective treatment an economic recovery will be quicker than expected now the f.d.a. also said earlier today that they have been in sustain an ongoing discussion with
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gilliatt in order to make them disappear available to come in 1000 patients as quickly as possible the new york times is now reporting that the f.d.a. plans to announce this as early as wednesday and emergency use authorize agent for the anti-viral that is quite optimistic and that could result in businesses opening up as soon as later this month which is way earlier than expectations so basically this is as we get that it is pretty optimistic and where are getting ahead of ourselves because there is no be shaped recovery even if everything just started to open up as if we're back to normal right and chrystia feels like last week we ended the week with the positivity on this drug and then also they said well no never mind it doesn't really work the way that we thought it does now we have positive test results we don't really know where this is going to go the bus goes kristie i and dale the american are both thank you both for your time. i mean you.
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and let's take another global look at the trends and spread of the coat of arms with our t. correspondents so where are we today so grand today marks the $100.00 days since the 1st case of the corn of eyes heard the u.s. but since 10 more than 1000000 people have tested positive here in the u.s. and now most states along with half of all humans on earth have been ordered to shelter in their homes in the hopes of slowing the spread of the virus and try to keep hospital systems from being overwhelmed now as a result here in the u.s. jess in the last 5 weeks more than 26500000 people have filed for unemployment and you know since a great recession which occurred between 2008 and 9 there was over 22000000 jobs that were created so almost all of those jobs have disappeared now in comparison only 8700000 jobs were lost during the great recession so that just shows you just
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tells you how much has a virus has affected americans in their current financial situation but i want to go back to the numbers you know roughly one in 4 of the 220000 deaths around the world have been here in the u.s. and just when you thing that we're getting a little closer and somewhat controlling this virus we see surges again now take a look at mexico that's surging with increase of over 1200 new cases taking it to more than 16000 confirmed cases and over 1500 deaths and according to mexico's government the actual number of affection is significantly higher than the actual confirmed cases now. as a result the mexican government has closed hundreds of factories and is refusing to open them during dependent make which has made it extremely difficult for american
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companies who make crucial goods like mentally eaters and facemasks to actually get the parts and materials as they were traditionally only dependent on mexico for those parts and moving on once again we're seeing a large increase in numbers in russia who was reported in additional $5800.00 cases just in the last 24 hours with the new number of reported this is relatively low a 900 and a 72 and this week russian president vladimir putin extended the lockdown until may 11th and has also warned that russia has not yet seen the peak of the virus but now moving over to spain there are daily toll has once again raised with 325 deaths up from 301 reported on tuesday and now over 24000 people have died in spain last week when i want to go over germany which just reported 202 more
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deaths making a total death to over 6000 and that's prompted the government to urge people once again to stay at homes as a march as possible after the country announced an easing of lockdown measures last week and i want to talk about close to cases what are we seeing there worldwide well globally from the 1200000 active cases only 3 percent have actually been in serious and critical condition while 97 percent have actually been in mild condition now talking and from the 1100000 close cases now 82 have actually fully recovered and in terms of the. there's been 18 percent so looking at the numbers in terms of percentages it's still. but still of course we're seeing just how
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significant it is r.t. correspondent saya tavenner thank you for keeping us up to date and ever larger you can always find the latest news and information regarding the crowbars on portable t.v. as coronavirus tracker time now for a quick break but hang tight because when we return the turbulence continues for the airline industry of the pandemic has continued to tank business straight ahead we'll break it down as we go to break here the numbers at the close. these are sort of in the. book who we can. go where you. should out.
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walking into the word don't we no longer know what we're walking into. march. welcome back while the travel industry has taken a huge hit from the crowed a virus there are still no regulations in place for those who are continuing to fly
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and now flight attendants are actually discouraging people from loser travel arche correspondent attach a sweet takes a look at the situation and what may lie in store for the sector. as precautions like social distancing in an wearing masks become the new normal for some these things are not actually required for the airline industry well there are fewer people flying right now for those who are wearing masks or sitting in 6 feet away from one another on a plane is not officially required and now some flight attendants say airlines should stop flying amid the penn demick the union president of the association of flight attendants wrote a letter to the department of transportation to end all leisure travel until the virus is contained in the letter union president sarah nelson says for air travelers we recommend that the federal government provide all airports sufficient numbers of disposable cloth or paper masks that are more effective than homemade masks at limiting viral spread the letter also points to canada which requires all air travelers wear masks that cover their mouth and nose at screening checkpoints
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when they can't physically distance themselves from others a letter also questions if flight attendants themselves are helping to spread the virus letter states that at least 250 flight attendants covered by the union tested positive for covert 19 well some of the busiest airports like chicago o'hare appear more like a ghost town travelers say getting a flight now is also more of a challenge and there's not going to be a lot of people going to fly that's why my flight got to a fight time because i was one of the only few person in the plane and despite federal bailouts experts say it will take time for the travel industry to fully recover in terms of demand in terms of the business in terms of profitability and in terms of employment the airline industry back in. travel industry has come in completely devastated by this but with talks of masks and the need for social distancing we'll find ever be the same. and for more on the
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struggling airline industry and what the future may hold in store we're joined by professor richard wolfe host of economic update and author of understanding socialism 1st of all thank you for being here as always now we've discussed this recently that the airline and she was one of the 1st with their hands out when this pandemic hit and to be honest maybe rightfully so they were very hard in immediately but what do you make of the current state of things as travel has nearly brought it to a halt. well i think you face a number of fundamental problems here 1st you have an industry that you know absolutely nothing to prepare for this you know we had had viruses book for and we know about how they spread had they been a responsible industry they would have taken some of the enormous profits they made in recent years partly because of the tax cut of 2017 i did because of the bailouts
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10 years ago and they would have been able to stop trial the kinds of equipment that could make the plane safe they didn't do that and now they want even the passenger or the workers to come back into an unsafe environment that they could or that didn't make safe and they're just covering like they are in the meat packing industry as well that the workers are not willing to do it and the passengers are striking to death of coming back in a sense they've made their bed and now they don't want to lie in it and they want the government to keep funding them while they live through their own failure to have group prepared for this and now it's interesting that you have brought the about especially passengers the c.e.o. of air bus he actually said that he expects it to be 3 to 5 years before passengers fly. they did before this crisis and now as we talk about limiting gatherings until there is a vaccine and a couple that with the economic downturn which was going to totally zap expendable income i mean the real what is the reality here because it doesn't seem to me that
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if you're a leisure traveler and especially somebody who doesn't do it that often they are going to be so willing to hop on a board a plane right now when the safety may be an issue and even after a vaccine is created when you go i don't know if where i go if a virus breaks out and i get to be able to come home i mean they're going to be in trouble for quite a while aren't they absolutely and here's another dimension to this we are all learning you and i and everybody watching how to do things electronically and distance and that includes and i'm involved in this all the time meetings conferences that we used to do in russian we now realize it's not as good a we can get by without doing it in person who in the world is going to risk illness or disease or death in order to believe a profit driven enterprise better could mean you inside the airplane no lie
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or at least no numbers sufficient to bring that industry back it's going to be doing that for years to come and if there is a 2nd wave of virus as dr felt she and others warn us well then all of what i just said double turner well it's interesting that you say that professor wolf because i often look at it this way and i say if we reopen this economy too soon the salute broader outside of the airline industry but if we open this economy too soon and we have another break out even before that 2nd wave that may happen in the fall or winter look things are going to get a lot worse and they're going to get worse very quickly when it comes to economic impact because then people are going to say oh there's no hope and i think that you're going to look at that same thing when it comes to the airline industry specifically because again like you said why do you want to get on an airplane when you have a health risk. it is a fundamental reality that also expands the border we have now tested less than or at most if the numbers of jumping one percent of the people in this country we have
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$325000000.00 people we tested maybe one maybe 2 if you're if you're going to be exaggerated therefore we don't really know who's sick we don't know who's getting sick who's likely to get sick let alone the problem of tests that come back negative when you're actually positive and vice versa and we don't know when the thing comes back i mean when you look at the lack of understanding because the government and the private sector haven't let us know avin done that gestate even them on this scale and much poorer countries like south korea have you realize we're at the beginning of a process and grandiose notions of when we can open back is wishful thinking by people at the top who want the rest of us to be the guinea pigs of their experiment is not going to work professor if i want to take a little bit of a global perspective actually maybe
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a little different perspective that is on the global stage here since china began to actually reopen they're seeing their domestic quite passive come back a bit not not to the same level pre-crisis but according to data from syria domestic capacity was only down 33 percent year over year for as of april 22nd now compare that data to february which showed a 71 percent drop year over year is there something china is doing better here or is it just kind of the nature of the country. no i think it's a china did something better look i mean i know this is painful for people to face but the chinese dealt with their crisis in a concentrated way because of the way their economy is organized they were able to mobilize both the private sector and the public sector to shut down the province where will the beginning of the endemic was located really contain it there impose lockdowns everywhere else they did early what we should have done and they're able
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to open up and they have been terrorized their people the same way we have here in the sense that they were frightened of the virus but they saw a government acting quickly acting in a coordinated way we haven't seen any of that and therefore i think you're going to show to the economy a way we handle this was very self-defeating for the united states professor ritter was host of economic update thank you so much for your time today. thank you brian . and that's it for this time you can catch boom bust on the brand new portable t.v. up available on smartphones through google play and the apple app store by searching portable t.v. or you can check it out at portable dot t.v. and as always check us out on you tube dot com slash boom bust r.t. see you next time.
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as the u.s. economy was booming growing numbers of people were made homeless. you can work 40 hours in a week and still not have enough to get housing everybody believes america still has the lead up to the reality of it we're not financially quality and the lack of the flow to the housing living minimum wage give many people no choice you know there's been a problem with the city knows turn around and told to stay away on a little bit. the food that there is no answer because yes that requires resources the most vulnerable are abandoned on the streets to become the invisible comes. to journey often speak of the black hole of debt that is where all the debt the
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universe and. after it leaves a central bank balance sheet and it's a cosmic force pulling the g.d.p. of the world down our diva wipe all of the debt as i am a fellow straining with this white piece of cardboard the white for dead is on the other side of deep black hole and in an era of negative interest rates and negative oil prices we have to hold. rising our concept the death toll from black to white makes sense and course not. i.
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i. welcoming our viewers from around the world live from central london this is our to u.k. . prime minister boris johnson is to return to from his 1st coronavirus government briefing but any hope of an end to the lockdown is downplayed that says the government is expected to miss its a daily testing target of 100005 the close of play today the. mayor said he wanted he made to london as to where mosques and public if the government doesn't change its advice as well to scotland advised companies where social distancing isn't possible. the n.h.s. is set to risk assessment black a minority staff on the front line is research suggests that coronavirus mortality
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could relate to a vitamin d. deficiency in certain ethnic groups we hear from a leading doctor shortly. but experts claim that while britain has participated the bars cracking down on the transmission know may be storing up even greater problems i'll be talking to one of them later this hour on. captain tom moore the world war 2 veteran who's raised over 30000000 pounds will be n.h.s. turns a 100 years old. prime minister boris johnson is expected to outline britain's next steps in the war against corona virus with his 1st daily press briefing since his own personal battle with the disease but all the signs point to an extension of at least a month with the government also predicted to miss its own target of achieving
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100000 daily virus tests by today shot it was daschle joins me live now in the studio so how did the prime minister is expected to lead today's briefing later this afternoon absolutely prime minister barak's johnson is back in action today and later he will be meeting that day of the press conference the 1st time in a. about 5 weeks now with calls he has previously said that the road ahead will be quite difficult but he's also put a lot of emphasis on the idea of being quite transparent with the public but that doesn't mean that we'll be getting any of the answers in terms of any relaxation or easing of the lockdown measures obviously over the last few weeks there's been many many public and politicians really urging the government demanding that the government release and publish some sort of exit strategy at least give an indication of what a post lockdown britain may look like as for the press briefing later on today though it's more likely that we'll see that the prime minister informs the public of how decisions are made rather than what they actually are looking at things like
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the odd number that's the rate of infection how quickly the virus is transmitted from person to person but we have seen some hints in the public coming from various ministers on the one hand some suggesting it's too soon to speculate other ministers really suggesting that the lockdown measures could be put in place as long as another month ahead and some saying that we could also see a phased approach so in terms of what the prime minister might come up with it's really too soon to say we will find out in the next few hours but all of this comes as the daily death toll has jumped by $482.00 in the last 24 hour period taking the total to $26579.00 that includes both hospital and care home deaths and showed you know what about the government's testing target that's going to happen is it it doesn't look quite likely today is deadline day for testing your remember how secretary matthau called earlier this
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month he put forward a target of 100000 tests every single day by the end of this month that by the way is a self-imposed deadline but it doesn't seem quite likely that that talk it will be reached just yesterday we had from dominic rob the foreign secretary and he's. the figure the latest figures are around the 52000 mark that's 48000 shy of the government's own deadline though the justice secretary today robert buckland did say that the government is on the way to ramping up these testings also making the point that the testing target was quite obviously ambitious because if it wasn't as well the public could be quite critical of the government but he did acknowledge and accept that the target will probably be missed you have the result so i think tomorrow i mean even if we. could it be that we won't we will in the next few j you see. we're up to 52 shows and people being tested well just to mention on
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testing due to the lag in receiving this data we won't know whether the government has reached or missed that target till the end of next week meanwhile though a report of recent poll reveals that the british public believe that the government has done little to late according to a survey conducted by just under 70 percent hold that opinion now that is a 9 percent increase in just 2 weeks but confidence in the n.h.s. to deal with the crisis has actually gone up it stands at just over 80 percent but in terms of levels of fear public concern for the country has decreased over the last month by around 10 percent and levels of personal worry has also dropped too but this could really be a reflection of a perceived lack of leadership in government of course boris johnson has obviously been a mic to from the political stratosphere and so therefore we haven't really seen
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any big announcements being made over the last few weeks all it could be at least may be a byproduct of the fact that we've been in these lockdown measures for quite some time now on the length of lockdown measures we will find out more soon from boris johnson who reclaimed his seat in the driving seat. shadier thank you very much indeed for that update. on the man city con is caution that he may tell residents of the british capital to wear masks in public if the government doesn't change its advice this is the case but despite. the evidence and the emergency scientific evidence the government doesn't change its got its m a will decide unilaterally to instruct learning as you are going forward carnes comments come as number 10 insisted the science behind the use of face coverings was weak some scientists say they can be effective of providing a barrier to stop the wearer infecting others but other experts say the impact is negligible cabinet office minister michael gove revealed later that the government
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is stockpiling them for commuters and shoppers to wear in public should advice change in contrast scottish 1st minister nicola sturgeon advised that they could be used in some in close bases it is also made clear that the evidence on the use of face coverings is still limited however it recognises there may be some benefit in waiting fees coveting if you leave the house and into an enclosed space on facemasks we do we are guided by the science of the government position hasn't change when as the royal rages over the use of mosques and the risk to the wider public there are also calls to risk assess frontline black a minority ethnic health workers after reports that they could be more risk from the virus emerging u.k. and international data suggests that people from black asian and minority ethnic backgrounds are also being disproportionately affected by covert 19 in advance of
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their report and guidance on a precautionary basis we recommend employees should risk assess staff at potentially greater risk and to make appropriate arrangements accordingly. the latest research reveals that 60 percent of all n.h.s. workers who have died with confirmed corona virus are from black asian and other ethnic minorities while bayne people make up just 44 percent of n.h.s. medical staff now that compares with around 14 percent of the u.k.'s total population now that says the latest research suggests that vitamin d. deficiency could be related to high level of mortality among black and minority people for them it is converted to as active form by the action of sunlight on the skin as a result people with darker skin or more likely to lack the vitamin the older and the base are also in a higher group of a group of higher risk in developing deficiency of the vitamin jus to natural
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processes of their bodies well for more on this i'm now joined by a leading doctor professor parag single thank you very much professor for being with us can we start with the risk to black and ethnic minority groups should they be shielded from working on the front line build certainly they need to be discusses and appropriate measures need to bates including any mitigation there could be various factors for this heidi it's it could be metabolic syndrome diabetes hypertension you see we don't know it and did days very wary and we need to find more about it but right in the minds of work fine don't do and the research is on what we need to figure out the rule of white human deep in the population because in population is much more lately due to the big community deficient to the very counter of the reasons you just mentioned. absorption of. every lesser word in order to do so and also being refuted in but largely to the
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poultice and. so that makes us more efficient and they're all of my dream in the in it's not in deploying system has been rather understated but has been in the speculation for some time where bob is interesting now if there was some evidence i don't grow enough i didn't read action in it but what has come over recent in the last couple of days is data from us found that 70 per cent of ice you operation record had victim an insufficient but more important study 'd came out from philippines where they studied 272 people and wonder found was that people who had adequate levels of wisdom indeed 3 which is active medical aid you're talking about or only had my symptoms while people who were deficient on moderate to super deficiency in the community ended up having moderate to severe and critical
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infection nol that's probably not a very confusing evidence but it gives us a sense as to where we are going and all you have to solution if you demo me asking yes it may be sounds a little simplistic but could this be solved with supplements. yes yes very true and this is something which some people need to start taking seriously because we continue or diabetes we continue to endure a jeans but certainly beginning to get the supplements of black and white minority groups working on the front line could that be as we say they have to be risk assessed is this something that you could look at because they are particular guests and this is something we did great do all the employers you see all 'd the frontline start it a spectrum of ethnicity but especially in population and meet the need to have the beginning delivery gen and it begin in the check is not possible then supplement ition that doing the booster duals i don't think they're recommending those of the lenders are ones are sufficient enough to replace their bills and i think what you
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need to do is to figure out if those which will bring a little quick enough now i've got you can i quickly tap your expertise or not on another matter which everyone's talking about now is face masks scott and saying they might be a good idea because central government saying the science is weak just briefly your thoughts on wearing masks the effectiveness of face mask is ocean able we do not know to what extent it offers a protection but being a friendly doctor my logic is very simple we are using the musts surgical mask in the hospital setting when we are coming in close contact idea with our operations we don't know which vision is going to be positive and similarly then we're moving around in the community we have absolutely no idea who's positive was negative we know that there are so many is symptomatic of getting the right and if it offers even little bit protection protection i think it is worth getting that worth taking that but just briefly if you don't mind the government's got to be careful on this because we don't want to risk a mask shortage for the n.h.s.
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if you want to make them available for what a population. and i think that's a very difficult question to answer i mean surgical masks we're not. talking about a surgical mask which should be a really really like a new you have to root out their wrists versus the benefits then i would go for months having more infections or. getting a bit surprising of really very good to talk to you today thank you for your time and. number 10 is being called on to relinquish central control of the tracking and tracing of newly infected patients after a lockdown measures are lifted experts say the most effective way to prevent further spikes is to equip local authorities with another resources to carry out the work in their communities last week the health secretary promised 18000 people will be recruited to help with contact tracing over the letter sent to local authorities only 3000 will have relevant public health experience the wrist over just handling calls instead the government is banking on a centralized n.h.s.
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up to bear much of the brunt in one of the public if they have come in contact with a positive case the government hopes is tracing up will be downloaded a new used by as much as 80 percent of the british population over in singapore society with height smartphone use take up of a similar was only 20 percent of the population and experts argue the technology should be just used for support and there's no match for a boots on the ground community approach and that includes giving local councils control and resources and using tactics such as door to door visits and telephone calls to reach the most vulnerable the governor said the n.h.s. app is the best solution. tracing and testing those with symptoms of covert 19 is essential if we are to limit the spread of this virus and to save lives the n.h.s. is developing a contact tracing out which alongside effective tracing and testing is designed
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clinicians scientists and other specialists to plan a safe staged path to national rollout one of those public health experts professor allison pollack spoke to me earlier and she told me that local authorities along best place to address the medical needs of their own communities you need local teams 1st that's real time data to find and find the cases and then to ask the cases to go and try to relation and also to monitor their contacts who need been in touch with 2 days before they developed symptoms and there are 10 and then you then you follow up the contacts you decide whether they're high risk or low risk and then you need to contact the contacts and give them support and advice sure so lots of contacting going on isn't there so in effect the approach you're advocating involves a lot more human contact them and that which is exactly as opposed what we don't really read at least right now. well the one thing that we have got is a lot of resources human resources in
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a country of 60000000 people is specially with so many people are unemployed and unfairly and some of the students are now finishing university so it's very easy to find the human resources and it's probably a lot cheaper. and you can use a mixture of trained qualified professionals and volunteers but that needs to be organized locally and local authorities really understand their populations them to stand who is likely to volunteer and be available and they also understand the local communities because we're a very heterogeneous society in the u.k. it's not just one or more large well made up of many different nationalities and very many different kinds of households and so it's very important to understand the local community that you are contacting in the extent to which is possible for them to go into isolation and quarantine. let's take a look at the latest coronavirus figures from across britain but according to
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individual reports from england scotland wales u.k. why death total is no surprise $26.00 and a half $1008.00 chessington today is announce a further 391 hospital deaths while scotland reported 60 more fatalities since yesterday and wales 22 with a lot of them has also reported 9 deaths since yesterday 2 major business groups have written to the dublin and belfast governments to demand a cross border coordination for economic recovery it comes as these got his 1st minister pledges 100000000 pounds for small and medium sized businesses with applications now opening meanwhile the chief medical officer wells says there are no plans for the country to encourage the use of face masks in public. as i look at what's going on then around the rest of the world more than $3200000.00 have now been infected this is according to johns hopkins university which collates worldwide data the global pandemic has resulted in over 228000 deaths and almost 1000000 people have now recovered well the government new yorkers head out over
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a lack of federal funding to fight the virus for democratic states as new york city remains the hardest hit him on america's vice president mike pence has come under fire for ignoring a strict mosque policy at the mayo clinic a scientific research hub in the u.s. census that he and his staff are tested on a regular basis. still to come the. experts claim that while the u.k. has forced the peak of the virus thanks to the meltdown it may only be to peak i'll be talking to one of those experts very shortly. captain told me he was raised over 30000000 pounds for the n.h.s. turns 100 years old today.
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is your media a reflection of reality. in a world transformed. what will make you feel safe from. tyson nation whole community. are you going the right way or are you being led so. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race off and spearing dramatic developments only personally i'm
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going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. experts of claim that while the u.k. has indeed passed the peak of the virus it may represent an artificial peak issue was raised by electra dr kit yates from the university of bath he's highlighted the government's initial flattening of the curve in order to keep the total number of cases below the country's intensive care at capacity however reducing the transmission also means that a 2nd peak is possible when lock down is lifted because so many people haven't had the disease or discuss this further i'm not joined by dr king himself to thank you
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for being with us tell us more on how you've come to this conclusion so in terms of understanding that we're over the peak of the least this 1st peak of the epidemic in the u.k. it's been clear for a couple of weeks now that the deaths in the united kingdom peaks iran the 8th of april certainly that's data from intense england shows that that's the case it hasn't always been so it's and that was the day of peak because actually there's a large in one day deaths are reported so deaths could be coming in for a few days up to a week maybe even more after the deaths of actually occurred but it seems now if our not away from that that there are going to be major changes in those numbers of deaths so it looks like we're going to be we're well over the peak and also suggests that we are clearly over the peak of the number of cases as well because obviously to have deaths you have to have cases of that the pekin number of cases probably a code just the day before lockdowns a lockdown seems to have had the biggest impact so it's good news we're coming we're coming down over this hell but this is not the same peak that was discussed
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initially when we were talking about having this epidemic going through the population uncontrolled that would just sort of burn itself out in a sense and speakers artificially induced because we've put in the strict social distancing measures we've stopped people contacting into this so much and that's allowed. the there or it's really reduced the possibility for the disease to spread between infected and susceptible individuals but mention what this does mean is that the vast majority of the population in the united kingdom probably are still sceptical to this disease even people who have recovered we're not certain about how good their immunity would be but if we do start to release these lockdown restrictions it's possible that the disease will just take off again in a 2nd wave and so and so you've given some good news and some very bad news you talk about this artificial peak and when you say that perhaps if we could have an another pick is going to be worse than the one we've experienced what is next well it depends right so the really important number when it comes to talking about
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numbers this disease is called the reproduction number and that tells us for each infected individual how many people on average they will pass the disease on to and so if we can bring that reproduction number below wall that means that each person who gets infected will on average in fact fewer than one other individual which is good news that's what we've achieved through artificially through these restrictions that we're implementing if we go back to the situation we had before then we know that that reproduction number will increase perhaps up to between somewhere between 2 and 4 so i means that each new infection will be passing disease on to between 2 and 4 the people in disease will will grow and it will start to grow quickly so we need to keep this reproduction and below currently estimates suggest it's around point 7 so there is some wiggle room we can allow ourselves to relax some social distancing measures perhaps while still keeping this number below one but we can't go back to the way we were otherwise this disease will start to take off and we will definitely have a 2nd peak but so many people are infected are we not perhaps getting somewhere
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close to herd immunity and of course that was the initial plan and many people are saying well if we did that hundreds of thousands more could be done but that the more of us getting it and some of us getting in very mild ways does that mean the herd immunity is a possible result absolutely so if you. if enough people had the diseases we're talking about maybe 60 percent of the population here had how the disease i'm recovered with strong immunity then that would deny the virus the susceptible infected contacts it needs to spread through the population unfortunately although we have had large limbs of people having the disease and deaths or large fig unfortunate figures for deaths window where near the scale of what would have happened if we just let the disease spread through the population we would have been talking about $500000.00 deaths potentially rather than the 10s of thousands that we're currently talking about so in terms of the fraction of the population that's actually been affected it's low it's probably still below 10 percent so we're actually nowhere near the threshold that we need to get close to 400 immunity
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or ticket yates we really appreciate your time here or not you can thank you very much indeed for filling us in thank you. and finally captain tom moore the world war 2 veteran who's raised tens of millions for the n.h.s. by walking in his garden has turned 100 years old to mark the occasion the royal air force staged a battle of britain a moral fight every time after moore's efforts have been lauded by the public and has received special birthday messages from both the queen and the prime minister. thank. you started. my own little lot of mug treatment come on
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national health service. and consciousness care and he should go. to the doctors and nurses and all of the people and the service has been absolutely magnificent there were little reasons why i called it a great show and saying to release all this money. and then later on 3 years to do around 2000 great anything. you know i think the jobs that were involved the public come forward to produce calls to do so movement.
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do you think we need to put it back. well more do you. think silicon. we'll all need to get to. know will not lose. the moment.
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that. i would do him seem not. to say almost more but don't hold your breath.
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and more news including the u.k. government's coronavirus daily press briefing from the.
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you shouldn't somebody. let's see i guess. i was on the floor something's in my basket you know trying praying. yes it's time for us to get out worms i was having children fever i didn't have any sense of c. source now. most young blokes are over here. recently she had us on the oldest you tube. comedy song around the room.

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