this is the one business show you can't afford to miss unfair montevideo in washington coming up global markets take a dip on tension between the united states and china we'll get the latest insight from dean of the miami her business school john quotes on capitol hill round up on

the pressure on amazon c.e.o. jeff bezos amid a possible criminal antitrust investigation. which apply chains are under stress especially when it comes to reproduction will tell you what countries and workers may be most affected they have a packed show for you today so let's go and dive right in. the krona virus pandemic has infected more than 3500000 people globally and reached a death toll of nearly 250000 while the rate is 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. social distancing measures were relaxed while

other countries continue to see a surge in cases the u.k.'s death toll is expected to overtake italy's as of sunday the u.k. saw 28446 this is just behind italy's 20884 japan's prime minister shinzo abi announced it would extend its walk down until may 31st. when you feel like you know enough japan has not reached the explosive spread of crude a virus infections as an other countries and some positive results are beginning to appear such as the effect of reproduction number of the whole country falling below one that prison there is still considerable number of new infections and the number of infections is not declining at a sufficient level. meanwhile white house model numbers just in hours ago they project that number of coronavirus 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. for market analysis we're joined by chief strategist at bubba trading todd horowitz todd 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 it's 2.999 trillion what do you make about number. you have 0000 to big i think that there are going where over the top of course this is just another sign in the the money. that we are so lucky to achieve and of course the. 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 a 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 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 or to make another attempt to break through you have a site now again that's all has to do with the low cost of money and whirls you're 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 than a 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 merger can't go higher we've already accounted for 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 which 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 it's 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 valuation 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 an 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 shut down we continue to see the creation of new money which is not

a good situation well we already know that the record treasury that's ever been borrowed 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 krona virus 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 and of course the 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 the 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 career. 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 to 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 the top horwitz of 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 1002 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 are 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 more than half their capacity will for more we bring in a dean of miami business john 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

the most 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 are 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. well 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's something that 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 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 experience of low cost manufacturer and that exist. perience is still in china so for all of the wishful thinking about let's rematch and allies production back within our own borders to reduce dependency the fact of the matter is china is still where the look the best value products can probably be sourced and that's something that. angle marco 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 is a threat is a tariff he's floating the idea of imposing these new tariffs on china to punish for what we he's 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 very little talk about further tariff escalation but in an election year that's become the way in which you beat up on china and that's 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 upon a re entering. and a deescalation of these national terror of war that's really what's moving the market right now john called steen of the miami herbert 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 than. at the clubs. as we have said from the very beginning russia gate is a hoax and

a fraud there is now able evidence to prove this and what explains trump's flip flop on the iran nuclear deal. you can't be both with me yeah you will. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then.

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 uses 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 and 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 holly 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 you know could that be a problem for them. though it might in the been 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 on how many things need these 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 to do it 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 now i've learned 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 sir thanks. 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 of 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 church. supply chain is having a hard to 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 the 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 yearly 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 had 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 $800.00 employees the plant was shut down for 2 weeks so sirrah we are going to be seeing more and more of me. same plant opening back up because of that executive order that trump did hand down but you're also going to have workers farmers even meat eaters alone like us we're going to be 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 the time you can catch boom bust on

demand on the brand new 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. on apple t.v. and online a burbled on t.v. as always check this out on you tube dot com slash boom bust our teeth see you next time. time after time called parishioners repeat the same mantra sustainability very important. transitions to sustainable transport sustainability stay number man a more equitable and sustainable world. they claim their production is completely

hama's. because. it does not the companies want us to feel good about buying their products while the damage is being done far away and this is something else this must be done to anyone and i mean look. this is the move in news to me didn't anyone and i'm stunned seemed to be best understood so when. the world is driven by shaped by. the day or thinks. we dare to ask.

i think ron to china will hand. and the saudis are trying to destruct the american a shale industry all by god i magine that they are trying to disrupt the american shale industry. thousands of american men and women choose to serve in the country's military and the decision not. as shown change lives every day and came to a complete change the day that i was right to be instructive if you told a shadow what they'd kill me and i see how it destroyed my life any screamed at me and he made me come in and you graham my own arm and he write me to his birthing curia if you take into account that women don't report because of the extreme retaliation it's probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is

a very very traumatizing thing to have happen but i've never seen trauma like i've seen from women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished to be offended i had an almost 10 year career or chose very invested in and i gave that up to report a sex offender who was not even going to justice or put on the registry this is simply an issue of power and violence male sexual predators for the large part of charge of whoever is there to prey upon whether that's a man or woman. hello

there i'm going to watch and you're watching in question broadcasting from r t america news headquarters in washington d.c. i want to welcome our viewers from across the nation and all around the world watching us on satellite streaming online and of course on our brand new app portable t.v. so here are tonight's top. stories nationwide protesters took to the streets in major cities with lock down measures still in place because of the pandemic they're rallying cries demanding governors reopen those states and the number of coded 19 cases continue to decline in new york but the number of deaths still very high meantime video of the new york cop punching a man for violating social distancing rules is drawing a lot about race.