simply an issue of our in violence male sexual predators for the large part of whoever is there to prey upon whether that's men or women. i've heard. this is a boom bust the one business show you can't afford to miss. in washington coming up bull markets take a day of on tension between the united states and china look at the latest insight from the dean of the miami harvard business school john welch on capitol hill ramps up the pressure on amazon. amid a possible criminal antitrust investigation then global food supply chains are under stress especially when it comes to meat production will tell you what countries and workers may be affected most we have

a show for you today to let's go and dive right into. the krona virus pandemic has infected more than $3500000.00 people globally and reached a death toll of nearly $250000.00 while the rate it's slowing more european countries are lifting restrictions on their reopening their economies italy cautiously lifted some restrictions while others remain in place spain reported its lowest number of cases in 2 months and marked a 6 week record low of 164 deaths and 24 hours south korea plans to gradually reopen schools starting next week as social distancing measures were relaxed while other countries continue to see a surge in cases the death toll is expected to overtake italy's as of sunday the u.k. saw 28446 this is just. behind italy's $20884.00 japan's

prime minister shinzo ave announced it would extend its walk down until may 31st. to you to let you know when that has not reached the explosive. infections as an older countries and some positive results are beginning to appear such as the 50 of reproduction of the whole country falling below that proves that there is still considerable number of new infections the liber of infections is not declining at a sufficient level. meanwhile white house model numbers just in hours ago they project that number of corona virus deaths will increase to about 3000 per day by early june now the new york times reported the data came from an internal document however a white house spokesperson said the document was not presented to the task force so this comes as dozens of states have already begun reopening this is despite an increase in some numbers and the hunt for a vaccine continues on monday the european commission pledged 1000000000 euros for

the pandemics global response described as the start of the pledging marathon of the commission hopes to raise 7500000000 euros prime minister justin trudeau pledged 850000000 euros french president emmanuel mccrone promised 500000000 and german chancellor angela merkel pledged 525000000 now world leaders held an online pledging conference but the u.s. did not participate however the white house said it does expect to see 3 to 4 vaccine and her final testing eventually director of the national institute of allergy and infectious diseases dr anthony felt she said it's possible there could be a vaccine by early next year this while president trump said he was confident there will be a coronavirus vaccine by the end of this year before numbers and information on the coronavirus be sure to check out our portable dot tv up and look for the section tracking coronavirus. from market analysis we're joined by chief strategist up of

a trading todd horowitz todd at the u.s. treasury just announced this was just hours ago just how much it expects to borrow this quarter now we saw it we knew it was going to be a record number if 2.999 trillion what do you make of that number. who have their own ideas and i'm not a big fan i think that there are going away over the over the top but of course this is just the next sign and the the the money printing experience that we are so lucky to achieve in of course the fed continues to be involved in a place they shouldn't be so are overly involved i think this is just another sign that hey there's some issues but be that they're going to create a bigger meltdown once that happens on that's only for this next quarter i mean we can only project or see how this will play out but global stocks did fall over the weekend u.s. futures at one point were down $300.00 points early on monday we've seen $2.00 to

$3.00 days of losses now even after the s. and p. saw its biggest monthly gain since 1987 for the month of april but what should we be expecting this month the month of may. well you know it's always hard to say we're expecting but certainly the trend is still higher you know we actually last wednesday broke 'd out to new areas which could have taken them our market much higher all we've done is fall back into a consolidation range and it looks like now we're going to make another attempt to break through the of sight now again that's all has to do with the low cost of money and we're also going to put it right now so again to me the markets are going to go up until they don't and right now the trend is certainly still higher for the dramatic recovery april and after the big sell off and march and again i expect eventually a run of the lows but until the trend changes there's no reason to say that the murder can't go higher we've already. counter to the bad earnings we're counting for all the information and markets are very efficient in pricing expectations so

unless there's something unless you have a major change and grow in a virus it stops getting better we have to shut down the country again that would create a lot of meltdown and heartburn but unless that happens it looks like we're going to continue to work our way higher when there's a lot of stimulus here a white house top economic advisor larry kudlow did say that he could he projects the quarter could grow even over 20 percent that's if the economy reopens and that the numbers go down now that remains to be seen but i do want to turn to the p.p.p. funding were treasury secretary stephen newton said that $175000000000.00 of the $310000000000.00 have already been you know $2200000.00 loans have already been processed and the average size we're looking at a loan is about $71000.00 white house top economic adviser larry kudlow said that a 3rd round might be necessary how much more are we looking at. you know

is that when you're looking at funny money they could be as much as they want i mean again this is all artificial and i don't understand why they don't actually make it loans to these businesses at very low interest rates over a very long period of time and that are printing free money and giving it away this to me does not fit any form of logic i've ever seen but of course it's allowing again this the devaluation of the we have by buying more free money printing so i think the better solution would be to loan small business money with an extended rate of low interest and extended time period but again they can print as much as they want as we've seen since 2008 i mean the process is a really never shutdown we continue to see the creation of new money which is not a good situation where we already know that the record treasury that's never been borrowed it was just under 1.8 trillion this was in 2009 so we're now looking at 2.999 trillion. it's a lot bigger number than that i do want to ask you about the european markets

though they also took a plunge this was after being closed on friday for the international workers day holiday but on monday opened when oil and gas slipped the most at about 5 percent now this was mainly due to the rising tensions between u.s. and china around the start of the what the united states is calling the mishandling of the coronavirus where do you see these markets going from here. well it looks like again your remarks have been weak anyways now again they did make a small recovery as well in a burst of u.s. market sentiment going higher on the day i get i think that you know the european system is still extremely weak they're still in and they may have major issues and i think that we could continue season weakness but at some point they're going to be a buy there's going to be value there and as far as the tensions are concerned i mean i believe that they're trying to dig mishandle a coronavirus i think that this is more an issue on what they did wrong and not letting us get in that report so i think that that creates the problem but the overall american or the u.s.

stock market was higher again so it was able to recover all those losses that it had overnight because overnight it opened actually ugly we almost went down but european markets again they'll be a buy at some point where i'm not quite sure well that's where we'll have to keep an eye on todd her with of a trading thank you so much. thank you. as more countries prepared to reopen china is still cautiously easing restrictions with the new normal china's quarterly g.d.p. plummeted by 6.8 percent the 1st contraction since the country began releasing figures back in 1000 iu to april's economic data showed industrial production fell by 1 point one percent retail sales fell by 1000 percent and investment in fixed assets fell by 16 point one percent imports and exports were down by 6.4 percent but the country is taking steps to resume what they're calling a normal life while some taking precautions a new report from the china beige book showed that of more than 500 companies surveyed 91 percent had reopened by late april but only 42 percent are operating at

more than half their capacity will from more we bring in a dean of miami business. john some analysts predict a strong recovery once companies return to normal could china bounce back quicker than we thought. probably not until the 3rd quarter or as you. correctly pointed out although 91 percent of companies and businesses have reopened only 40 percent roughly are operating at full capacity the fact of the matter is that many chinese consumers are. basically without sufficient funds relative to last year to really reactivate the consumer economy and many of them a skittish about the worried about not having enough savings to be able to shore them up if there's a 2nd wave so i think that predictions about

a rapid bounce back probably a little bit over done well and some european countries are also falling through there beginning to lift some walk down the easing restrictions cautiously is there something to be learned from china in terms of how they're lifting these restrictions and now for example implementing that social distancing becoming a norm. while china is obviously a pretty tightly controlled economy in a tightly controlled country and there does seem to be a national approach to the overall opening of the economy even though there is regional variation there is a national oversight to that regional variation so i think that there is probably more of a systematic approach in china which may give ironically may give it a little bit of benefit in terms of upping the chances of reopening successfully

without in juicing a 2nd wave of facts and that something about china is cautiously looking at as well as places country than europe not opening up too quickly where they're still keeping some places close but in the last decade we've seen the world become heavily reliant on china for manufacturing because it's much cheaper now it. is it really that easy for countries to to sort of debts china and manufacture their own products. it depends what you're talking about if you're talking about low tech products obviously those can be migrated to vietnam for example quite easily if you're talking about very high tech products chances are that the u.s. for example probably has kept a pretty tight grip on those items that are on the cutting edge it's the middle range of products where china has excelled as being the factory to the world and as

more consumers in the u.s. and europe are poorer as a result of the virus they're going to be looking even more for value for money and the value for money can really only be provided by an experienced low cost manufacturer and that experience is still in china so for all of the wishful thinking about let's read lies production back within our own borders to reduce dependency the fact of the matter is china is still where the best value products can probably be sourced and that's something that. angle markel has also said from germany that that's not going to just happen overnight but i do want to turn to a last quick answer now president trumpet favor now his favorite threat is a tariff he's floating the idea of imposing these new tariffs on china to punish

for what we he is calling the mishandling of the crown a virus are we looking at another possible trade war we just signed the phase one trade deal a few months ago. well we're in an election year so all bets are off and terms of. restraint i think the global economy would be much better served if there was a very. a little talk about their tariff escalation but in an election year that's become the the way in which you beat up on china and that sli the way in which we're going to live i think for the next 6 or 7 months but i certainly hope that we won't see an escalation and this is really just a pause during this is really a threat without substance because the global economy and individual national economies do depend a pawn a reintegration and

a deescalation of the national tower of thorough war that's really what's moving the market right now john called sting of the miami harvard business school thank you so much for your time and your expertise. time now for a quick break hang here because when we return when supply shortages are starting to show we'll tell you what's the beef as we go to break here the numbers at the close.

so it's seems wrong. but i'll. just don't. i mean the world would be yet to shape out this thing coming as a whole and in gains from. the trail. when so many find themselves worlds apart. chance to look for common ground.

as we have said from the very beginning russia gate is a hoax and a fraud there is no evidence to prove this and what explains trump's flip flop on the iran nuclear deal. amazon c.e.o. jeff bezos is being called to appear before congress that's right the house

judiciary committee says it wants to hear directly from bezos himself about claims that his company misled the committee over its business practices at issue is a report from april 23rd detailing how amazon reportedly using data from 3rd party sellers to develop its own products well cording to the wall street journal on april 23rd the wall street journal reported the amazon employees used sensitive business information from 3rd party sellers on its platform to develop competing products lawmakers from both parties said in a letter to mr bangs on friday the report was based on interviews with over 20 former or current amazon employees and the company's internal documents well joining us now to discuss has been less an investigative journalist than so on never a dull moment with amazon is there ben let's start with these really what exactly is amazon accused of doing with this seller data. yes so here's the deal with centrally amazon is being accused of taking 3rd party sellers on their website

gathering all kinds of data about them and it's everything from the price that they set for a product how that product is developed how that product is marketed whether or not the public responds what kind of response they get from different demographics in the public compiling all that data and then using that to create their own private label products and then selling them on their their marketplace in direct competition with those 3rd party sellers so an example of that for one example would be there was someone who was a company that was the top selling truck organizer that's what they were selling on amazon's website amazon reportedly gathered all this data about them found out what they were doing how they were doing it then turned around and created their own private label trunk organizers that were amazon so essentially the accusation here and what. employees former employees of amazon are confirming to congress is that amazon is using this information they're gathering from 3rd party vendors in order to compete against those vendors ok so there will be people here who say that

amazon is just analyzing data on their own platform right is this even illegal. well it could be and that's that's the real question is it absolutely could be in the reason it could be is because it could violate antitrust laws you have to remember that most antitrust laws are not written for the digital age so they're not specific towards the digital age however if you gather inside information about another company and then use it to compete against them on your platform and then you promote your own products the people who come on the platform and you bury those products then that essentially could be considered antitrust there's you know that as you mentioned this is bipartisan democrats and republicans on the house judiciary committee are essentially the ones who are pushing this there is a republican senator josh hawley of missouri he sent a letter to the attorney general bill barr about this and in part he wrote this he says quote if these allegations are true then amazon exploited its role as the

largest online marketplace in the u.s. to appropriate the sensitive commercial data of individual marketplace sellers and then use that data to compete directly with those sellers are taking their information and you're using it to work against them and that's why he's calling for the attorney general to investigate whether or not crimes have been committed absolutely yeah i mean for their part amazon though has denied these accusations in the past could that be a problem for them. so it might end up being a very big problem for them this is why the letter was sent to jeff bezos telling him he needs to come and testify in front of congress because yes there have been lawyers for amazon on a number of different occasions who have gone into the public square and said this is not happening but most recently there was a general counsel for amazon who actually got of in front of congress and said this was not having these names nate sutton he is amazon's associate general counsel and

this is what he said he said we do not use any seller data to compete with them speaking about 3rd party sellers on the site so essentially he is saying to congress under oath that we know as of lately there have been people who have been charged with crimes that were lying in front of congress he says it has not happened that's why congress is say we need to hear directly from the c.e.o. jeff bezos we have a few seconds left but i want to get this answer before we we cut the segment jeff bezos he's never been called to testify before congress before we've seen jack dorsey do what we've seen. from facebook at the right what are the chances he's going to show up well then the chances are very good that will show up because when this essentially request was sent to him it was not an invitation i want to read you real quick it says the invitation to talk to congress was not a request this is a quote from jerry navl he says although we expect that you will testify on a voluntary basis the committee will resort to compulsory process such as a subpoena if necessary so there's no question there he'll have to show up so let's

co-host bent on thank you. so there are things. in the wake of a nearly global lock down it's a question many of us will soon be asking when at the grocery store where's the beef but it's not just be shortages we're looking at now the world health organization is now warning of other possible food shortages in some countries well here to talk more about this r.t. correspondent fair enough fair and what's the beef there the beef is that you know because a call that 19 there has been a global travel restrictions put in place and that ultimately is to limit the spread of the virus but it's adversely limiting the spread of certain foods as being exploited now looking at just the case of just be followed me prices they are going to be rising for butchers and the cost will be passed along to the customer no $1.00 chicago meat market even reporting that this week they're going to be spending 40 percent more again this week alone and will be seeing the same when it comes to fast food restaurants now the only good news with all of this sara is that

the price isn't going to be doubling overnight but it will start to have a steady increase but we will see beef go out for good or you know what we see we've got to go to the lockout is over well here's what one butcher shop owner had to say about that but i think you're skewed to be shortages of certain types of meat it certain times supply chain is have a hard keep it off with certain things but i don't think i don't think it's a real. issue that we're going to run out of meat per se. found we're talking about a meat shortage there are some countries who eat less meat than others and what countries will be the most affected by this so we have this little map here that's going to kind of show exactly which countries eat the most beef so some of it seems a little bit obvious you can see that the brighter states there there are countries that have people consume up to nearly 150 kilograms of meat per year you've got australia argentina of course the united states has major meat hubs across the midwest including my hometown chicago known for its meat packing industry now

closely behind the china canada nearly all of europe and nearly the rest of south america so this really is going to be felt on the global scale now beef production is down 25 percent this year alone and pork is down 15 percent you do have many stores limiting the amount of meat products people can buy which is probably going to be going on for the foreseeable future over here in the united states there was a recent outbreak at a number of meat packaging plants in particular i'm talking about the tyson food are they planning to reopen right so on the national scale you had 20 workers that had died of cold at 19 a nearly 4200 meat packers at 115 processing plants they have been infected with corona virus which is why you had dozens of plants with nearly half a 1000000 workers processing pork beef and chicken alone closing at the same time you had president donald trump signing an executive order requiring me processing plants to stay open by putting precautions like social distancing in place well here's what the president of tyson says the company is now doing he says they have taken every possible precaution they've hired matrix medical to visit their

facilities where there's been a surge in cases all to make sure that the disease is not spreading in those plants and also knowing what goes on in the community he says this gives tyson's team that actually make sure that they can put food on the american table so sorry you also had these out the court of south dakota scuse me a port processing plant taking its 1st steps and reopening monday after the plant also suffered a coded outbreak that infected nearly 800 employees the plant was shut down for 2 weeks so sirrah we are going to be seeing more and more meat press. plants opening back up because of that executive order that trump did hand down but you're also to have workers farmers even meat eaters alone like us or any watching to see if these new food measures will be put in place and how well they're going to work so well that prices prices for consumers will be affected arty correspondent thank you well that's it for this time you can catch a boom bust on demand on the brand new up portable t.v. app available on smartphones through google play on the apple app store by searching portable t.v. or stream us to your t.v. by downloading the portable t.v.

app on apple t.v. and online a purple dot t.v. as always check us out on you tube dot com flashbulb us our team see you next time . join me every thursday on the alex i'm unsure and i'll be speaking to us of the world of politics sports business i'm show business i'll see you then.

time after time corporations repeat the same mantra sustainability it's very important to accelerate the transition to sustainable transport sustainability stain of amana more equitable and sustainable world. they claim their production is completely harmless. bumpus loop. it's a complex number of. companies want us to feel good about buying products while the damage is being done far away this is something else this is deep into any minutes i made much sense to some of you listening to dylan demon and i'm stunned and the best of an undisclosed looks who is going to.

welcome to redact to deny this is a comedy show where americans in america covering american news are called foreign agents hope everyone is hanging in there through these weird times i finally snapped i couldn't i couldn't put it off any more i finally saw my dentist my therapist and my favorite prostitute all readers assume calls so of those worked out better than others in hindsight i did remove a nasty molar that needed to come out so that was good but that was actually in the call with the prostitute and i had performance anxiety with the therapist i just couldn't get my super ego to stay ract anyway let's get to the news as america shoots past of 1000000 infected with corona virus and more dead than during the vietnam war various governments around the world are talking about using smart city technology to trace where you are infected people go and who they come in contact

with well that sounds great right who doesn't want to end this pandemic but it turns out there's a problem with tracking every man woman and child and that problem stop me if you've guessed it. is that they're tracking every man woman and child. as was written in the anarchistic rag called forbes magazine the use of masses of connected sensors makes it clear that the corona virus pandemic is intentionally or not being used as a test bed for new surveillance technologies that may threaten privacy and civil liberties so aside from being a global health crisis the coronavirus has effectively become an experiment in how to monitor and control people at scale oh good.