this is a boom bust the one business show you can't afford to miss. in washington coming up wall street shrugs off record high unemployment numbers numbers we haven't seen since the great depression as the nears its worst recession and the day on the auto industry and what it means for a global g.d.p. one 6th of what it will have a hot show for you today so let's go and i've read it. currently

there are more than 3900000 global cases of coronavirus more than 272000 deaths newly released numbers show the damage that coronavirus related shutdowns are creating for global economies the u.s. labor market reported historic lows slashing $20500000.00 workers from non-farm payrolls the labor department reported the unemployment rate surge of 14.7 percent last month that's topping the post world war 2 record of 10.8 percent but it's still short of the great depression high which was at 24.9 percent yet stocks are surging and seem to be ignoring those numbers well canada also lost a record breaking number of 2000000 jobs last month unemployment numbers surging to a near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen their economies still. the european union

is facing its worst recession ever and france adjusted the e.u. issue bonds of at least one to 2 percent of the u.s. g.d.p. for the next 3 years so essentially it would be between a war 152300 1000000000 euros this according to a reuters report will mean while south african countries are calling for the lock down to and this is up to 4000000 jobs that are at risk keep in mind south africa is the continent's most industrialized economy and if not contained the world health organization predicts the virus could kill up to $190000.00 people in africa in the 1st year all this comes as australia joined the united states and called for an investigation on china's handling of the corona virus on friday will china's ambassador to berlin will can't hold a german magazine they are now open to a probe but they reject putting china in the dock without evidence assuming its guilt and then trying to search for evidence through a so-called international investigation for more numbers and information on the

coronavirus be sure to check out our portable t.v. apps and look for the section tracking coronavirus. turkey is doing what it can to prevent a full on slide of the lira against the dollar thursday turkey's government actually blocked 3 international banks from trading its currency in an effort to block investors from continuing to bet against the country's weak financial standing the 3 banks citi group b.n.p. par about and u.b.s. group are no longer allowed to process transactions involving the turkish lira well joining us now to break it down josh is a co-host and investigative journalist ben swan then this seems to have been a bit of a panic move here wouldn't you say why did turkey really feel the need to do this well it was a bit of a panic move let's talk about kind of why they felt like this was happening there's a lot going on in turkey right now especially in terms of the kind of devalued. of

the later as you mention but one of the things that we're seeing right now is as you said in the lead up that you have a number of investors who are really betting against turkey right now and what turkey is trying to stop are investors from essentially selling off that currency i causing it to devalue even more so one of the things that they're doing right now is trying to deal with coronavirus panic they're trying to deal with the loss of jobs and service industry that's hurting in turkey but they're also trying to deal with the currency that in the last 2 rounds has really dropped significantly on thursday we saw a drop about another 0.8 percent against the dollar so when you have a currency that's beginning to freefall as turkey's is beginning to the country was trying to do whatever it really could to shut down and to stop investors will push it further when we know that turkey has as looking at a possible 2nd recession in just and 2 years they've contracted it expected to contract by 5 percent but panel why why is this why is why did turkey target these 3 banks in particular. yes so these banks in particular were targeted because i

will give you some information here essentially what these banks do all 3 of them they act in the foreign exchange market which allows them to help investors and companies to trade in and out of those currencies including the lira so what they were trying to do is say hey we're trying to target specific banks that have the ability to be able to use these foreign exchanges to trade our currency number one but number 2 there's something else that happened that's very important there was a brand new legislation that was passed in turkey and it was essentially a banking regulator known as the b. d.d.k. that was given new powers and those new powers include the unable to prosecute alleged market manipulation and publication of misleading information and it was under the powers of this agency these new powers that were granted that turkey essentially stop these banks from being able to trade their let me ask you this does something like this actually protect turkey and its currency and the euro or does it just send a signal to the rest of the world that the country is just in really bad shape.

well in the short term it might protect again when you're talking about currency go into a freefall you want to do everything you can to stop that as a national government so clearly it helps in the short term but in the long term you're right it's a bad look it looks bad when when there seems to be so little confidence in your country's currency that 'd you're having to step forward and do these extraordinary measures in order to stop it no what turkey is saying is that it's not that their country is in such bad shape or their currency is in such bad shape it's of there's market manipulation taking place and that investors are essentially trying to swap that currency in order to make a quick buck and so what they're saying is it's not it's not the insecurity of our currency it's the action of these market manipulating forces that are actually heard about a minute left but i do want to get the thought question and turkey central bank there talking about the currency swap with the united states how likely is that going to happen. yes not very likely because apparently the u.s. is not very keen on this idea now the u.s.

does have these kind of currency swap agreements and these foreign currency deals with other countries brazil has a deal with the united states norway has a deal with the united states turkey has one and one for some time but apparently the u.s. doesn't really like the idea for a couple of reasons one is that the u.s. is a little kind of sketchy on its relationship with turkey no one even really knows what it is is tricky an ally is turkey an enemy and so there's there's a lot of questions surrounding that and then of course the issue of the fact that you have a fast devaluing currency does the u.s. want to immediately tag itself to some kind of a currency swap with a country that has that problem doesn't look like right now at least in the near future that that's going to happen when it's funny because the finance minister reassured the country that the central banks have enough at least for the foreseeable future anough reserves we'll see how all that plays out with co-host ben so on thank you for your mouth. there are things. affect are greatly impacted by a coven 1000 in the auto industry well many countries actually depend on the car industry

both for g.d.p. and employing its citizens for the pandemic brought manufacturing to a practical halt across the world some plants are extending the shutdown while some are actually preparing to reopen china was one of the 1st to gradually reopen in april and a top auto industry official said the country saw an increase of auto sales of point 9 percent last month year on year but for more we're joined by lawrence our coach lauren good to see you thanks for being on. thank you for having me back well lauren at china's auto sales what and an almost 2 year decline if they really did rise that point one percent what do you think caused this. well i know that they've limited the registration fees or typically were additional registration fees when you've got 300000000 cars on the road obviously one of the things you want to do is get people back to the dealerships they were closed essentially for 2 months and one of the ways to do that is a limit registration fees and increase the eevee fee which they've been trying to

get more people into electric vehicles because the goal is to eliminate fossil fuels in the country of china so they're trying to get people more motivated and i think another factor would be that people are kind of string away from mass transit we're seeing that here in the u.s. as well meaning that people are willing to purchase a vehicle well this week was scheduled to resume production out of shanghai factory in china but it abruptly suspended its start of the production and on friday elite email apparently showed the test was actually looking to restart production and a u.s. car plant in fremont still there only operating at about 30 percent how is this affecting tesla. oh it's different in effect the bottom line is you still of overhead and costs i know that free months planning out open at the end of may but as far as shanghai that's where they brought the model why out in there are so model wise here in the us and of course you know when they're new they want to make sure to keep that buzz going sales have been word initially pretty good for tesla in china so he's i guess he's hoping to continue that well and that and the back

orders that we know exist for the company so it's definitely affecting it speaking of tests on how the u.s. auto industry is preparing to reopen but the u.s. heavily relies on the supply parts from plants in mexico actually just south of here about 40 percent is that right of imports actually come from mexico and mexico is actually still working on on a plan to reopen a lot of these auto industry plants what effect are we going to see here. well that's a supply chain is very important so that's what there is going on in michigan as well they've had everything locked down light manufacturing and components are going to start up on monday the 11th that's the goal right now and that's also true in mexico and in canada that will get the supply chain going i don't know if a week is enough but it will certainly supplying some of the products for manufacturers who are playing to open up to begin with ford in a couple their manufacturers who are already up and running by the 18th of may there are still a couple of manufacturers who have not announced any start dates and i think the

problem is they're really concerned about supply chain remember they literally stopped the production line so there are some components in the factories and we know that auto sales are also declined about 800000 cars sales fewer than than predicted for this time a year will get into industry recovers and if congress actually pushes to give them the stimulus that they're looking to possibly give lawrence wright who are going to lauren fix the car coach thank you so much for your time thank you. the record high unemployment numbers the global reopening of economies has helped push markets for the week let's start in moscow with the mo x. and ing on a green as a ruble did what it could do to stabilize against the u.s. dollar will the services sector and russia hit a record low in april this due to some walk downs and the country's central bank warned the economy could contract by 2 percent this year due to the pandemic moving

to asian markets still more green arrows the shanghai composite was closed monday and tuesday of this week in observance of labor day holidays but up on the week well surprisingly china's exports they actually grew 3.5 percent year over year for the month of april this is despite the global pandemic imports however did fall the composite wrapped up friday up just shy of one percent now over to hong kong where the hang seng we're seeing some similar trends here as the country reopens analysts expect the index to stick around the 24000 points level due to the uncertain conditions regarding trade and even the pandemic over to japan where the nikkei also up on the week but it was really only open for about 2 days due to the observance of a series of holidays the index did close friday up more than 2.5 percent despite a lack of trading for the majority of the week in india we have our 1st red arrow with the sensex still some trimmed trim some of its losses in 5 weeks overall the

index lost 6.2 percent for the week now over to australia where the a.s.x. is up for this week with some pretty strong gains the mining and metals sector had a pretty positive week australia's currency also rose against the dollar well finishing in south africa where the j.s.c. all share also up for the week now let's head over to european markets where the 3 major indices are up for the week in france we see the cac finishing up pretty strong. 1.5 percent on thursday and 1.2 percent on friday the german dax seeing a pretty similar trend here pushed up at the end on hopes of easing tensions between the united states and china the index did gain 1.4 percent on friday alone over to the u.k. where the footsie also closed on friday actually for marking the end of world war 2 the index finished strong on thursday the bank of england kept interest rates up point one percent it's going to continue to monitor the economic impact and take

action as needed now moving across the atlantic over to brazil where the evil best is still on the downside mostly due to the political turmoil we've been talking about this over the last few weeks now that coupled with criticism of the country's handling of the pandemic well it's kept the index in the red and over to mexico where we have another green arrow that's right green arrow here well some of this is pushed up as auto manufacturers are working out their plans on reopening plants in the country and here in the united states all major indices the dow s. and p. and nasdaq all up for the week this is despite the country's worst unemployment crisis seen since the great depression with the rate of 14.7 percent tech had a pretty good week overall with most of the things stock seeing some gains on did slide by 4 percent on the week and let's finish out the week in canada where the t s x composite is on the green well it was pushed up by an easing of some u.s.

china relations and even the energy prices going up and this is in spite of the $2000000.00 lost jobs reported for the country for the month of april and that is your global market walk. time now for a quick break but hang here because when we return the coronavirus has shut down production in hollywood and across the globe we'll talk about what's next for the movie and t.v. industry with former marvel exactly rick and as we go to break here the numbers of the. i.

cause the report never fails to deliver the goods and we've been saying now for a few years that ultimately they're going to $100.00 trillion dollars japan's already dollar percent debt to g.d.p. their fed's balance sheet kuroda their central banker has already taken their central bank above 100 percent of g.d.p. in terms of debt that's buying a lot of china. so america 6789 trillion dollars they've got another 60 trillion to go the globe is set to go to 100 percent g.d.p. debt to balance sheets of the central bank. thousands of american men and women choose to serve in the country's military

decision little sheltered lives every song came to a complete. i was right to be instructed. to. kill me and i see how would destroy. any screamed at me and he made me come in and he grabbed my arm and he write me with his birth year you know 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. u.s. military rape is a very very traumatizing 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 of the offender and almost 10 year career which i was very invested in and i gave a sex offender who was not even going to justice or put on the registry this is simply an issue of our in violence male sexual predators for the large part of target whoever is there to prey upon whether that's

a man or woman. while the pandemic has impacted revenues of nearly every industry hollywood has announced some major changes before stars and crew members alike can get back to work r t correspondent. los angeles live and has more on the adjustment in the works natasha. yes there are you know box lunches and sort of the best say disposable makeup applicators and temperature checks are just all some of the things that hollywood could see when going back to work and even some more intimate scenes might be put on hold until a back scene is available the movie and entertainment capital of the world is taking the covert $1000.00 pandemic seriously but just like the rest of the economy hollywood is struggling with reopening business well keeping the safety of its employees front and center after nearly 2 months out of work during

a time when people are watching movies and shows more than ever industry executives are looking for ways to slowly pick production back up the stakes are even higher for some companies like walt disney and warner brothers as their new streaming platform is in dire need of new content. your name poppy i don't know who are you guys the movie trolls hit theaters just before the pandemic broke out universal pictures released a video on demand calling the digital release a success. movie theaters like amc disagree some movie insiders say the release was perfect for movie like trolls when families had nothing else to watch but believes it won't work for every film the price point is one where it irrevocably could and apparently has made most of its budget from home entertainment dollars that doesn't work with a movie like say in avengers movie where they need to throw over a 1000000000 for them to be profitable over studio but regardless of how movies are released in the future production might look

a little different than before instead of having some 300 people on set at once for a large movie producers will be looking for ways to have the same type of scene with only 75 people or so groups may be staggered and some could work remotely smaller crews tightly controlled sets and minimal travel are to be expected in the beginning in person wardrobe departments may be temporarily phased out make up and hair artists who touch up in between sets may watch the actors with an i pad or monitor executives say they expect to have sanitation crews disinfecting sets throughout the day hollywood is seen a 22 year low an industry leaders are predicting the impact of coban $1000.00 could result in the loss of $20000000000.00 for film and television according to film l.a. president podley the film industry has always been a massive piece of the economy of this region so figuring out a safe way to bring filming back is going to be critical to recovery film l.a. the nonprofit group that handles film permits for the city and county of los

angeles so it is expecting a 1st planning meeting with public officials early this month they're expected to discuss safety standards and a timeline of when they can safely resume work in the meantime insiders believe hollywood will get back to filming by september but places like georgia are looking at set construction as early as june 1st. 3. i'm going to go to dreamland netflix is serious about getting back in the game already laying out specifics to reboot. it's production they've already begun filming in south korea japan and iceland the streaming platform plans to pick up filming in sweden this month and norway in july netflix's chief content officer saying temperature checks box lunches and disposable make up allocators are a must scripts may need to be rewritten or technology may be used to recreate a scene but without knowing the specifics of government guidelines sag aftra one of the biggest unions for hollywood says production what we're turn to normal until a vaccine regular testing and tricks seen are all in place and others say while

proper sanitation is obvious filming may require cast insurance. now something that might be key into getting things rolling again the directors guild of america are working with other industry leaders from around the world and they're putting together what they're calling a comprehensive guide so that they can all be on the same page reporting in los angeles the toughest suites are 2. or more we are joined by the former president of marvel marvel character group and host of the rick on our show mr unger himself greg it's good to see you thanks for coming on and closure good to or let's start with what natasha just mentioned they could be losing up to a $20000000000.00 hollywood that is some say even more than that how much are we actually looking at here. well it's hard to say because you have to analyze this well beyond the question of motion picture that have their 1st screening in a in

a movie theater you have to remember where most of the revenue 'd for the studio is you have to make a distinction here between production and production company since studios the real money in studios comes from syndicate their scripted television programs those are still on the air and presumably they are still being paid and that's a big piece of the puzzle the motion picture business sense of i have to tell you has never been a fantastic business your reporter mentioned something like the avengers the avengers of the temple movie where you have a huge investment something in the area 202250 1000000 dollars you're going to spend another $100000000.00 on prints and advertising for a film like that so yeah you do have to get back that $1000000000.00 but that is not really the case with most movies most any movies or lower budget and they also don't make much money it's television that supports the studios and it's obviously

going to change the crown of earth is changing the landscape of how are going to move forward with this cuts encourage something atocha mention very important how is this actually going to or will it affect the quality of movies and production that's going to be released. no because when they start to make new things again the crews will come back but since this is not the 1st time crews have experienced this we've had many strikes whether it was a writer strike or an actor strike that that shuts down the industry to this is something that is unknown to the to the entertainment industry as crews will be back as production begins to grow here and here's my question for you as it becomes to come back though are we going to see for example avatar and lord of the rings and they started working on sequels now in new zealand it's a country that's only had about $1400.00 infections and only 21 that do you perhaps the more productions moving to places like new zealand getting occur and taking

them to these places where there they see it salles infections where you don't even have to take a crew with you if you're talking about a country like new zealand they have great skill people down there remember a lot as you pointed out a lot of films of already been made there mostly peter jackson the looms there but you know again remember that so much of the movie industry is already dispersed from the los angeles area you have all of those states that offer tax benefits to making the movies their new mexico. ringback carolina i mean it goes on and on and on so i really do question the how much ultimately be impact will be yes you're going to lose a good 4 to 6 months of production time here and this is going to be much tougher on production companies i think then it will be for the studios themselves because they still have revenue come along and maybe not from the movie theaters but that

television are we going to run out of content here i mean there's television the episodes of new releases that are still coming out right now but are set to premiere september i know a few shows that have halted production for it are we going to out of content. well there's good news and bad news your bird talking about scripted content yeah they're going to be behind and it's going to be a little bit tougher for them to catch up you know it's hard to double up and scripted show reality programs which is so much a good with. you know you a whole lot of time to gear up for a lot of competition the voice for example american idol a lot of these t.v. shows have now taken out to work from home which is a little bit different quick answer here but do you see animation animated cartoons or movies coming coming to light more of this. remember you're talking to an animation guy that's what i guess you're right most of my life my answer is i certainly hope so that the conversation we're having here in the studio and we're all hoping for that former president of marvel character group and host of that

rick on our show rick ungar thank you so much for your time today my pleasure. that that by the time you can catch him but on demand and you cannot watch us on you tube dot com slash the last of our t.v. we'll see you next time. i. so many 5 years ago the scourge of the ashes and was defeated in your of the soviet union and its western allies were victorious what is the meaning of that victory today what explains reason governs to rewrite history in what it counts to be a bridge to diminish the sacrifice made by the peoples of the soviet union.

we go to work some straight home. that's cars are plentiful survival guide him station just like all the stored family at the federal reserve. be sure you know there are you going to get a bad. back to. oh heck no would use a repatriation scheme forget the rest of 70 years. though of the february march kaiser or. time after time corporations repeat the same mantra sustainability very important to accelerate the transition to sustainable transport sustainability stay in

a manner more equitable and sustainable while. they claim their production is completely hama's. this number. companies want us to feel good about buying new products while the damage is being done far away and this is something else this must be going to mean and i mean look. this is the move in unison we didn't even an einstein seem to be based on that understood so when in.

a low everyone let's take a look at today's menu to see what we're serving up on the press to your doctor about these 1st steps are not put in place to prevent 2000000 people dead in the united states c.n.n. sends a cease and desist order to the trump campaign over a 7 2nd sound bite they call inaccurate my body is not ready to let's ready well chris cuomo continues to perpetuate the myth of his self quarantine and i have to go he just can't stop talking about it we'll show you andy lack is out as the head man and n.b.c. news in as n.b.c. his departure comes as reports say new york state is investigating the network.