this is a boom bust the one business show you can't afford to miss. in washington coming up oil prices dropped more than 2 percent on wednesday the 1st time in 5 sessions we'll explain what this means for the future of the already and the energy sector plus the u.s. could now be considering working with while way down there all this after is a long time or i get to talk. to you today so let's go and dive right in. numbers for the global pandemic now show more than 3700000 people are infected with

the krona virus more than 260000 deaths have been recorded will be u.s. has more than 1200000 cases and at least 43 states actually plan to open completely or partially reopen their economies by this weekend this while president appeared to reverse course when he tweeted earlier ones day that the white house task force will continue indefinitely with its focus on safety and opening our country again he also reiterated that earlier during a briefing well tensions between the u.s. and china continue to rise as the u.s. says it's pushing for transparency here's how this could get solved really quickly the chinese communist party could do what they're committed to do under their obligations to the world health organization to be transparent to be open to do the simple things that they should all around the world do to make sure the pen demick like this don't get out of control and infect importantly stay out of control of the mistress has laid out a timeline of what we've seen it is pretty clear. that at the front end of this the

chinese communist party misled the world that is they knew more and they didn't share that they had an obligation to do so under the international health regulations that that they are required to adhere to under world health obligation well health organizations rule set they didn't do that on wednesday china rejected any international investigation into the origin of the corona virus. we are opposed to individual politicians in the united states conducting investigations based on the presumption of guilt on china for domestic political reasons we are opposed to using this epidemic to engage in political manipulation because this practice is contrary to the original intention of scientific research and will also disrupt international answer if a democratic. iran is seeing a rise in new cases as the country recently east their restrictions showing a temper cent increase in new cases reported compared to last week while india with a population of 1300000000 people is also seeing

a rise in new cases after it relax its rules in mid april the daily death rate was a few dozen but now it's at a rate of more than $100.00 per day while in europe the year u.k. surpassed italy in recorded coronavirus 30150 the country unveiled a 3 step plan to ease some lock down restrictions and prime minister boris johnson signalled those could start as early as monday will this is despite its high numbers well spain saw its daily death toll increase once again its health industry reported $244.00 deaths this comes after 3 straight days of 3 straight days rather of less than 200 reported daily deaths a new report shows the european union's economy is set to shrink by 7.4 percent this year so just to give you an idea on how bad this actually is in 2009 it shrank 4.5 percent during its worst recession in recent history while managing director of the international monetary fund chris alina george said the global economic impact

from the pandemic is worst the worst crisis since the great depression. 3. focus on the health system and if i can give a shout out to. it is so important to you are there. help the businesses and the households to sustain through the next couple of months you know other words must see if fiscal injection and treat think of what you can do today to have a better you can be when we start recovering for more numbers and information on the coronavirus be sure to check out our portable to our t.v.'s and look for the section at trucking coronavirus. there is no doubt that small businesses and employees across the country have been devastated by these coronavirus shutdowns today we have a better idea of just how bad it is according to a new report out wednesday from a.d.p.

more than $20000000.00 jobs have been hemorrhage from private payrolls in april alone it's the worst or it is that since the worst loss in the company's survey history the co-head of a.d.p. research says that job losses of this scale are unprecedented this while president trump said the economy will come back after seeing the worst i will say that from an economic standpoint i think next year is going to be a very big year this tremendous demand issue with the stock market where the stock markets are 24000 and we went through the worst of tech we've ever had of a country this is really the worst. we've ever had this is worse than pearl harbor this is worse than the world trade center there's never a bit of like this joining us now to discuss his boom bust co-host and investigative journalist ben swan and editor of the logical investor sean hyman gentlemen thank you for joining me today ben let's start with you this report puts into numbers something we already know that small businesses and employees all over

the country they've been devastated but just how bad is it. yeah it's pretty bad i mean we're talking about since all these lockdowns really began in the shutdown orders began about what 56 weeks ago we have 30000000 people who have filed for unemployment in those numbers only continue to go up the reality though is that just because people are file for. unemployment it's important to remember that there are a lot of people who have not gotten anything there are millions of people who have not received a single check for those for that unemployment filing so that's very important to remember for workers and of course most of the people we're talking about here or working in the hospitality or service industry they're working for restaurants they're working for bars and in some kind of a service job like that and the reality sarah is that when this comes to within them when now that we see some states starting to reopen some of those businesses are not coming back and some of them will have to contract pretty strongly for a while which means some of those jobs are not coming back at least in the short term some are up or operating at less than half a percent or

a lot less than 50 percent that is sean and we previously have reported here that the treasury is seeking to borrow around 3 trillion dollars for just april may and june well now the treasury department is announcing that it will launch a new 20 year bond to fund this record type of level of borrowing how do you see it helping the value of the dollar if at all. i mean there's the in a shortage of dollars you know in the near term in a lot of foreign countries a huge need form so it's really propped the dollar up and taken it up in the last so many years but really we need a lower dollar and eventually i think we'll get that you know if we got a lower dollar you would bring oil prices you would help save a lot or work or jobs you would help our multinational company says what we need really a lot about think there will be a lot of demand for the for the bonds particularly with insurers and the pension funds as a letter their investments and when their overall return. a lot of stimulus coming into effect during these times as well and we know that oil has been hit maybe

harder than just about any industry over the past couple of months the energy sector is really having an impact we're seeing oil prices rally though including a 20 percent jump on tuesday alone but on wednesday or oil turned lower this was the 1st time in 5 sessions what is fueling that where are we going from here. well i think that took a lot of people by surprise because the oil has been rallying over the last couple of days as you mentioned and then you know we see on wednesday a drop and as that happens i think we have to recognize that so much that surrounds obviously regards oil futures right now and when we talk about futures we're really talking about guesstimates and how analysts are predicting things will go the reality is that people are not back on the roads airlines are going to have to contract and so there's and there's a huge amount of oil and energy that is going to have to ramp back up to being used again you know people keep talking about the recovery in the shape of a v.

where it drops and then it shoots back up again and then the a lot of analysts are now saying what's going to be more of the usual comes down it's flat lines in the bottom for a little while and then a source to come back up a little more slowly i think we can expect that and so i think for the energy sector and specifically for oil itself we're going to have to expect to see it's going to take more time than probably what those in the oil industry and the energy sectors are hoping that will take it will probably take longer than they are in to see if it i mean we're running out of storage where to. the supply this oil supply that that we have a great influx. we're seeing some businesses beginning it to surge again c.b.s. for example has reported a huge jump in sales as customers run they rushed in to get some of their prescriptions and even other essentials will c.v.s. says that this is because they are unique and this position of selling these essential items that many people still need so a lot of a lot of they're getting a lot of people in there what do the next few months look like for places like

t.v.'s and even walgreens. i mean for the logical misreport folio they wouldn't make the cut for for us because they carry way too much debt and walgreens case they don't even carry enough cash on their books and so i don't think they're going to do nearly as well as they should if you think about it i mean a lot of their competition's been erased and they still can't turn their stock price or. still in the multi year downtrend and those that are still around which is wal-mart which does what they do cheaper and costco which is what they do in my opinion better are still around so i think they've got a tough road ahead i'm specially with a heavy debt load we have been in cornwall hilton says in the hill area and did real well in there but that's where i would be there and it's really c.v.s. for walgreens lives are some some to keep it like you're saying a lot of places like wal-mart and costco also doing well boom bust co-host spence one and sean hyman of the logical investor thank you both for your time. thank you . it's been one year since the u.s.

placed chinese talk on giant wall way on a blacklist will a move that ban the telecom giant from buying parts and components from u.s. companies without u.s. government approval well now it appears that that move could change the u.s. department of commerce is close to signing off on new rules that would allow american companies to work with wall way in establishing 5 g. standards all this according to officials who are familiar with the matter and spoke to reuters for more we bring in our team respondent rachel blevins rachel a lot of back and forth here what do we know about this decision well it was nearly one year ago when the commerce department 1st announced that they were placing wall way on a blacklist and at the time they cited national security concerns but now it looks like they may be taking a step back from those claims so reports are now claiming that the commerce department has drafted or rule which would allow u.s. companies to work with while way to set global 5 g. standards they say it acknowledges the importance of inclusion in creating industry standards for 5 g. but the rule still requires approval from other agencies before it is finalized and

the commerce department has yet to address those or to say whether their focus is now moving away from national security and towards the need for a 5 g. dominance you know looks like possibly toward this 5 day dominance as not a lot of people are are countries are listening to these u.s. threats how has a decision to blacklist while we really. these u.s. companies well u.s. tech companies like intel and qualcomm have really been at the forefront of calling for the government to ease restrictions on wall way because at the end of the day wall way is the largest producer of telecom equipment in the world so as these tech companies here in the u.s. that rely heavily on wall way that stand to lose the most now when looking at how this has impacted these companies over the last year the senior director of policy for asia at the information technology industry council argued that although the u.s. company government wants its companies to remain competitive with wall way their policies have inadvertently caused u.s. companies to lose their seat at the table to walk away and others on the list so

not only are these companies losing money but they're also losing influence at a time when the world is making crucial decisions on 5 g. technology 5 year technology was supposed to be the biggest thing yet we missed a lot of conferences this year due to the coronavirus of the pandemic but u.s. companies had been also applying for some of these these waivers and had been granted so little commerce department had granted these companies united states companies waivers to continue to do business with while way there were more than 300 applications by august and we know that that was extended but here is the my biggest question what's the reason behind it right now why are they doing this now while the u.s. sees exactly what wall way is doing on 5 g. technology and they see their influence and at the same time the u.s. also sees that despite months of warning other countries to get away from wall when not to work with them it hasn't had the drastic impact that they had intended now last month we saw a group of 6 senators including marco rubio in tom cotton sent a letter to top trump of ministration officials in which they called for more

clarity from the commerce department now in this letter they specifically wrote quote we are deeply concerned about the risk to the u.s. global leadership position in 5 g. wireless technology as a result of this reduced purchase the patient and the economic and national security implications of any diminished u.s. role. and 5 g. so before they claim that if the u.s. worked with wall way then that could harm national security now they're saying that if the us doesn't work with while i am 5 do you then maybe that could harm national security so there's a lot of different messages going on here but it is important to note that even if the commerce department changes its role while way is still largely blacklisted here in the united states it is so i wonder how that will play out and how while we will be able to infiltrate here in the united states because they are the biggest telecom giant and the lead apparently for and months of technology for this 5 g. infrastructure which i mean the race for 5 g. continues r.t. correspondent rachel thank you for that thank you. time now for

a quick break but hang here because when we return the front of us pandemic is flashing up values and forcing companies into bankruptcy now governments want to stop china from buying up cheap assets will discuss with economics professor richard wolf and as we go to break here the numbers out of the truck. loads. are to go so if you see it when you do you think you can only take you to grow wheat you're going to do it if you could. leave. the clue

to someone in the dealer's continent is into one of. those you sure. and this is. just a. clue. just so you pushed. through the couple. of venue for many miles to the building afforded to you know more of them but also acknowledge that. the world is driven by dreamers shaped by one person with those great.

snow day or thinks. we dare to ask. me such a belief so you are good and each other the no. one. but on the but i'm going to do the book on the soul that is news to me just. instead of being. me emotional learning to be must do i feel still a least a little cynical spoken media which muses jim above should. feel that the church. will settle into business compassion and that. we think he minds be soldier to peace also the boot she's wearing. to church so sold out so it's

possible the opposable opinion was with. the show stuck with some russian police force to behold. the i.m.f. and others predict a global recession while the un estimates worldwide income losses of 2 trillion dollars a growing number of companies will file for bankruptcy we've already seen quite a few here in the united states and while all this is happening countries around the world are tightening restrictions on foreign acquisitions particularly china well for more on this we're going by shows that economic day and author of understanding socialism professor richard wolffe professor thank you for joining us today. right hager so the u.s. india and australia as as well as the countries around europe are warning that

failing companies could see majority ownership come from chinese investors who they call the wrong hands what's the concern with this particularly as it relates to proprietary technologies and even and intellectual property. well on the one hand this is a in a non jew shuttle effort. by the companies that want to be able to buy all of these companies that are going out of business you know some firms are doing well some are really hurt by the pandemic those who are doing well would like to be able to buy at a very low price those that are having trouble you can see it by their collapse stock market prices for their shares and so on their problem is that the chinese are on much better shape to buy the failing companies offering higher prices then the local national companies and by having some government rules step in they can

basically get rid of the more successful or likely more success or competitor to buy up these failing companies so quietly this is simply a ploy to be able to buy the failing companies on the part of other nationals who can shape their local government in a way that the chinese can't on the other hand there is this effort to try to slow down the chinese it probably isn't going to work it's probably too little and too late china is an enormous power becoming relatively more important with literally each passing day so you are maybe going to slow it but you're not changing the basic pattern and it's really only a matter of time before more and more companies realize they're in wa taking more risk by opposing the china. and by working a deal with wright like we just covered with rachel about walk away possibly now

working in the united states but related to this now the e.u. issued new foreign investment guidelines this was back in march it was mainly to protect members assets and proprietary technologies and even intellectual property theft like we mentioned how effective might these investment guidelines actually be for protecting that information. even less objective than they're likely to be in the 1st countries you mention india australia and so on and that's because europe is already so terribly divided the italians will not go along with germans want the. gender or the british have their bridges problem they get lesions they always go profound whether or not they drive line one the run for their country will apply only will make deals with the chinese because it's their best option available and again it's so easy to get around the guidelines towards which 3rd countries

outside of europe if you actually add to that this is more political gamesmanship the libyans say we'll economic change in the somehow everything always seems to turn up political doesn't a professor. in april india actually revised some of its foreign investment rules they revise them to include any country that shares a land border with their i mean this was particularly specifically targeting china there was some pushback from a representative of spokesperson from the chinese embassy there that the move is against free and fair trade and it violates world health organization principles should india reconsider this move in favor of what the w.h.o. views as fair. well i don't know what the word should like there means i understand what you're getting at the indians are doing this for the same reason of the europeans are that the chinese are the gantlet power and as in the end goals

through the pandemic now many of their companies will fall apart the chinese might very well want to come in and buy it least some of them that frightens the indians they haven't been able to match china's growth except for 2 or 3 years and not in a fundamental way so that it's the competition among the 2 giants in a well again it is cosmetic it is marginal will fight over these rules meanwhile on both sides indian companies and chinese companies will be doing what they call work around working around these rules with 3rd parties this is again i hate to keep beating this drum this is political gamesmanship public relations it's not a fundamental economic policy it simply cannot work well you're talking about these companies finding her in these countries finding a workaround around this but last month the european union's commissioner margaret

messager said that european countries should consider now buying stakes in companies to avoid that threat of chinese take over us she told the financial times quote we don't have any issues of states acting as market participants if they need to or they need be if they provide shares in a company if they want to prevent a takeover of this kind are we seeing a shift here in markets where governments are going to become the significant stakeholders of these private companies. absolutely i hear i think you really have put your finger on something that's a very important economic policy whatever the political gamesmanship this is very real i think you've seen it in europe you're going to see to it in the united states the countries where there's a close really. between the government and the private sector have been more successful in coping with this pandemic then in countries where there is not such a close relationship just like the chinese where the government is very dominant

have been able to grow faster than the united states or europe for the last $25.00 and so you're going to see more recognition that the model that the chinese developer of this mixed system with a powerful government is going to become more and more attractive and maybe the way they're going to celebrate in europe is not facing what they're really but claiming it's a protection against the chinese what it really is is a recognition that if you want the kind of growth you're going to need to stay competitive in the world you have to do what the olds who have been most successful have shown isn't trying the way to get it done well that's exactly what china is trying to do here and this only khans as the united states and china there tensions are growing over the fate of who started the virus where it started and the dissent from asian that we've been hearing all along that we heard a pompei or earlier today saying that they're still they want to open an investigation china says that they're not looking into that probe but we're also

looking at hearing about the china standard 2035 where they do want to become dominant i mean that they're already trying to get there with while weighs 5 g. for example but well time will tell how this recovery and how all of this will truly play out professor richard wolfe thank you so much for all of your input and expertise. thank you as well. movie productions are facing setbacks due to the pandemic but big ideas are still in the works and this one is truly out of this world actor tom cruise is headed to the international space station for his next action flick while nasa has confirmed plans along with space x. to put crews aboard the i assess for a new movie hoping to inspire future astronauts and engineers well this will not be part of the mission impossible series but you can expect plenty of stunts from the actor known for taking those big risks well that's it for this time but you can catch him bust on demand on the brand new portable t.v.

app available on smartphones through google play and the apple app store by searching portable t.v. or stream us on your t.v. by downloading the portable t.v. app on apple t.v. and online a portable da t.v. and as always check this out on you tube dot com slash with us r t c n x time. with the yeah you like. time after

time corporations repeat the same mantra sustainability very important to accelerate the transition to sustainable transport sustainability stay sober man at a more equitable and sustainable world. they claim their production is completely harmless. 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 let's keep going to an even and i mean look. this is the moon and you missed me didn't even and i'm stunned seemed i mean understood so when. thousands of american men and women choose to serve in the country's military and the decision a little sheltered lives every song came to

a complete. the day that i was right to be instructed here you know told to shut up what they'd kill me and i see how it destroyed my life many screamed at me and he made me come in the gram my arm and he raped me with his birthing area if you take into account that women don't report because of the extreme retaliation and 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 tat 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 don't be offended i had an almost 10 year career which i was 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 our and violent male sexual predators for the large part of target whoever is there to prey upon whether that's a man or when. you're

. a folks coming up on dennis miller plus one we will talk to both of ational speaker simon sinek anything but we've chatted a little bit before the show here a convivial lad who happens to have the 4th most watched ted talk in history mind boggling right up to that that is filler plus one simon sinek. hey folks welcome to dennis miller plus one coming to you oddly from hollywood where i've asked them to completely recreate my home studio and the actual kick i'm still at home and.