this is the one business show you can't afford to miss warren washington coming up . in the past few days there were 7 problems in the reporting confirmed cases and the number of cases from. continues to grow. and economies have taken steps to reopen new searches in the copen 1000 virus have dampened hope having 2020 has arrived but what exactly does that mean we have a boom bust handle on hand to break it all down and have the pandemic continue to

take a bite out of business how will small restaurants fare in the wake of the outbreak we bring enough food guru to dish out what may lie in store packed show today so let's dive right in. and we lead the program with some moves to reopen economies hit hard by the crow virus pandemic spain will launch phase one of their lock down exit plan monday but many restrictions will remain in areas that were hit hardest by the pandemic in the country now meanwhile france will ease some of the world's strictest measures which have included the need for permission forms just to leave your home now some children are actually going to return to secondary schools in norway and denmark is allowing shops to reopen and in the u.k. prime minister boris johnson announced that starting this week people would be afforded unlimited out. or exercise instead of the one trip per day rule that was

currently in place saying he hopes to announce plans to reopen schools stores and some in the hospitality industry in the near future but as the autonomy is beginning to look to reopen and social distancing measures are relaxed there are some concerns that new outbreaks in south korea germany and china may actually slow a broader reopening so let's take another look look at the global trends and spread of the coronavirus with our 2 correspondents are to have a day or so where we today sobrang globally more than 4100000 people have tested positive for the current virus and over 284000 people have died now here in the u.s. there have been over 1300000 confirmed cases and more than 80000 that but countries around the world are working very hard to flatten a curve and by flattening curve it means when a country has fewer new cases today than it did the day before and now on

a trend line of total cases a curve looks how it sounds flat and this chart shows the daily number of new cases for the 10 most affected countries based on the number reported of deaths now whereas there are countries that have a lot more cases like russia and turkey for example these 10 countries have the most deaths and they include france the netherlands spain u.k. germany u.s. among others now among from those 10 countries 5 countries are actually going down in cases which are the u.s. united kingdom italy spain and germany on the bottom which shows up right now here and now there are also 5 countries from the 10 countries that i mentioned that there are 5 their average of new cases is actually going up at the moment which is friends brazil belgium. iran and the netherlands so where as

countries are leading with the reopening and relaxing some of these countries are just going up in cases and what about these countries that are leading the reopening efforts what are we looking at there. so this is what's happening countries are relaxing their lock down measures then all of a sudden seeing increasing cases now we're seeing that right now with china which we opened weeks ago but it was on today reported its 1st cluster of new infections since a very strict quarantine was relaxed in early april so that's a major setback for china and then there is south korea who had been encouraging people to cautiously resume their everyday lives but over the weekend bars and nightclubs in seoul were ordered to close after 34 new cases reported on sunday which started from and of course we see the same thing happening right here in the u.s. as states started and now and seeing reopening after they were guided by data and

advice of medical experts despite not meeting guidelines by the federal government and public health officials and this is apparent if you look at new york which on sunday returned to the level that he was when they issued a state of closure of non-essential businesses nearly 2 months ago and brand you are early you mentioned u.k. and which also is leasing easing lockdowns and in order to avoid another outbreak like the other countries prime minister boris johnson and now it's on sunday that britain will it will be imposing a mandatory quarantine on travelers arriving in that country by air so britain is doing everything they can after relaxing their nearly 7 week lockdown so that we don't have another outbreak and quickly can you tell us about the mortality rate and how that differs country to country radio yes so have a chart that we're going to put up here so this shows the mortality rate so we're as countries like the u.s. that have the most. that's their mortality rate percentage is at 6 percent and then

you're seeing countries like belgium that don't have that many deaths but their mortality rates are much higher at 16.3 percent and for example netherlands add 12.7 percent and then you have countries that have a lot more numbers like again like russia and turkey but they're not even on here because their mortality rates are much lower than the least of the germany which is 4.4 so a lot of times the numbers of deaths and then you kind of have to look at also the murtala the lower rates and that really shows what's happening in terms of outbreak in that specific country bread are 2 correspondents i haven't your thanks for keeping us up to date. and as a reminder you can always find the latest news and information regarding the coronavirus on portable t.v.'s coronavirus tracker and u.s. equities are mostly flat monday with the exception of the tech heavy nasdaq which extended its gains to 6 straight trading days facebook amazon apple netflix and google all traded up on the day continuing positivity for the so-called failing

stocks to go over market moves and some other economic news the day to bring in boom bust co-host christine christine thank you so much for joining us again today now markets are a bit muted on this monday as countries around the world attempt to reopen and lift lockdowns what's going on there. was side just mentioned and masters are worried about the possibility of a 2nd reinfection especially with germany and south korea now reporting a huge surge in coven $1000.00 cases now now in the markets we're about an arm's length away from all time highs and pretty coronavirus levels and that doesn't really make sense are we just got news of how bad 2nd quarter data was in terms of g.d.p. in terms of unemployment levels so there really is a disconnect between sentiment and the actual market now given this the market is clearly at overbought levels even as it is pricing in expectations of this grand reopening the s.m.p. right now rally more than 33 percent add. since hitting the rock bottoms in march

of 23rd and while most of them were large caps as you just mentioned is the fang stocks leading it's facebook it's amazon netflix google as well as microsoft and disney those are the large cats that are leading and they're the story right now they're playing out leaving all the other equities higher however the real story remains to be cyclicals and that includes the oil names the industrial names the energy names the financial names also the backbones of the entire market and when you look at cyclicals that really tells the full story underneath all of this high flying tech those are actually still down about 24 percent within the past 3 months and that is really concerning because those name provide the entire foundation for the entire market where tech is viewed as more speculative now kristie is the coronavirus related news is kind of slowing down i want to say the virus is slowing down just the news is we are starting to see the focus once again shift to u.s. china ties what's going on there. well there is a bit of tension because everybody is trying to play the blame game and right now

china is pulling back on the u.s. with their foreign direct investments declining to the lowest since 2009 for comparison in last year china in the same time to china and that's a $2000000000.00 into the u.s. economy this year we're only at about $200000000.00 venture capital flow also had solved very steep draws and both directions so this pandemic could have been an opportunity for china and us to kind of come together however besides both sides play the blame game it is creating a bigger divide as every single government continues to engage in trying to point fingers to see whose fault this is kristie i want to hit on another big story here and i know you're going to be really excited about so for that let's bring in. ben swan as well now monday is one of the most anticipated days in the big world in the years we've been we've been telling you about the upcoming bitcoin having for several months but what the world obviously did not expect to see having come at the center of a worldwide pandemic traditionally a big point having means

a boost in the price of because but this time around what will happen is anybody's guess so but i want to actually pose this 1st question to you to give me an actual explanation as to what exactly the having is. having versus all sounds like something from highland there right is how it's. going to be even more exciting than it actually is but it actually is the miners the people who technically mine because the amount that they get when they mind is essentially cut in half it's a technical adjustment that takes place and it's actually under the design of that coin that this happens every few years until eventually the amount that is mine goes to 0 that is the goal here and so the goal ultimately for big coing is that there is a fixed finite amount of big coin that would exist in the world it's supposed to give that going some of its actual value unlike all the free are currencies we see right now unlike what's happening with the u.s. dollar and what's happening with currencies worldwide where everyone's just print. one of libyan there's a set of coins so on monday around 5 pm eastern we're going to see the have the

take place and so the question becomes what happens to the value of the price of that coin as a result of that. so what about the it is creating doubt here in terms of what might happen with bitcoin price. well traditionally big coin has seen a historic rally into this have a however this year it's a little bit different we're kind of stuck underneath the $10000.00 mark and the lot of that is propagated by the crown of virus because there is less liquid capital however on the flip side of the story you also have huge billionaires such as paul tudor jones saying that now 2 percent of is total assets are now and that he sees this as a very viable hedge even though it's new it's only 11 years old he sees this as a very fallible head and that every single year that big point exists trusts in the community and trust in the network grows so we are going to see a lot of volatility because given the current of pandemic there is a lot less liquid capital there is a lot less money floating around but then on the flip side of that the more the

government and the legislators they print additional money people are going to look to something that actually stores value that actually has scarcity value and when you're comparing something like that big wins on every single one of those levels when you know whether you're talking about your ability court ability scarcity fungibility verifiability divisibility all of that the only only instance that comes up a little bit short as compared to fear it's going to be it's a stylish meant and given the fact that it's only 11 years old. how volatile is because right now and where is it go it. was as christine just said i mean big point has been somewhat volatile lately i mean we saw it go in the last 24 hours just above 10000 in that it dropped by 10 percent and it's hovering monday around $8600.00 but chris is absolutely right when she says it's struggling right now to hit the $10000.00 and hold that $10000.00 mark but there is. a lot of reason for that but it's also important to remember that governments around the world have already recognized the value of digital currency they are all moving towards it the

united states probably more slowly than others but you have countries like india that are are fast moving towards digital currency in fact there's an indian city that is as of right now because of the pandemic is saying that they're moving completely to digital currency so i think we're seeing it happen more and more the question is does big coin remain the standard and does big coin remain a truly decentralized autonomy as crypto currency as opposed to what happens when governments do it will never be a tell us when the government creates a digital currency and it will never be decentralized the very nature of government currency is to have a centralised so i think were big does have this opportunity along with other coins as well has the opportunity to really push forward in this moment is to say you cannot trust that governments will do what they say they're going to do and so that's what we need to centralize currents it's you know kristie finally about 30 seconds here but has been quite been able to thrive during this pandemic i mean i know it's been more volatile there's been some bounces but what is it doing what

you would expect at this time. it actually has because during this entire pandemic especially if you look at countries like venezuela argentina trading volume has never been higher since that's and we've always said that in times of crisis this is where quite a currency really shines and you've seen o.t.c. entraining line just go off the charts and venezuela and argentina in those 2 countries predominantly boom bust co-hosts ben swan and christiane thank you for that expert analysis on this. time now for a quick break but hang here because when we return as small businesses continue to sizzle out in the midst of the copen 1000 pandemic i will small restaurants survive as the virus rages on we bring in a true veteran of the sector when we come back as we go to break here the numbers at the close.

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in the depths. or a maybe in the shallowness. and welcome back more than 80 percent of small companies in the united states believe the coronavirus pandemic will affect their business for at least 12 to 16 months now this according to this survey conducted by global payment company beam which has helped thousands of small companies apply for loans under the government's $660000000000.00 paycheck protection program now the survey also found nearly 90 percent of businesses polled are also preparing for an economic downturn that will further stall business now government data released last week showed unemployment

in the u.s. skyrocketed to 14.7 percent in april and government officials say the jobless rate could hit as high as 20 percent in may 1 of the sectors hardest hit by the pandemic has been restaurants here in the u.s. the industry employs more than 15000000 people across more than 1000000 establishment many of these small local businesses for more on that how the endemic has affected the restaurant industry we're joined by andrew zimmern 4 time james beard award winning t.v. personality chef activist and creator host of m s n b c's of what's eating america enter thank you so much for joining us today. great to be here now you've been well connected to the independent restaurants throughout this country while many have been able to provide some sort of service it has mostly been limited to take out and delivery now what kind of pain is actually being felt in the industry amid all of these changes right now. tremendous amount of pain there are operators and they've been well documented who have made the

successful pivot and because of the nature of their business the set up of perhaps multiple units of the same city block or other advantages that are built into their own businesses they've been able to make a go of it doing to go and delivery foods 99 percent of the restaurants it's merely a drop in the bucket and it's not a long term viable solution you can only bring back a small portion of employees you're in most cases not even able to cover your rent and you're still a t s a lot of restaurants are doing to go and delivery service and community resource kitchen work as a way to sort of stay relevant stay open stay in front of their customers and be visible in the public square and it sounds like and i want to go right to the idea of reopening here because it seems like this really isn't going away and things are certainly are going to return to the full normal for at least 18 months right so what is it going to look like when these restaurants do start to open back up i

mean there's got to be some concern there that just customers alone are really going to want to go sit in a crowded restaurant despite the idea of actually being able to get out there and then also have all these employees and food and everything is a concern that restaurant tours are having right now. incredible concern restaurateurs themselves in general are the most caring and considerate business owners that i know of remember these are the people who like 1st responders rushed in when the towers fell rushed in to post katrina to feed people restaurateurs don't get into this business to get rich they get into this business because the magic that they see that happens when 2 people sit down over a plate of food in their eatery and what they're looking at right now is a situation where they can't even take care of their own employees safety let alone then be able to bring gas into the restaurant it's going to require. re. organizing the internal infrastructure of the restaurant how employees enter the building how

the actual physical line set up is how food is passed from area to area before it goes out the door this is the difference between doing to go business you know 1520 percent of what your total was and being fully open for business on a weekend evening in a restaurant the rest or a tourist that i'm involved with on several national and statewide coalitions are all expressing an insistence on getting the the safety right for their employee is and then pushing that outward to the guests people as good as guests when restaurants reopen we're going to be at 25 to 50 percent of volume for quite some time tables have to be taken out you're going to have to have a different system of food delivery a different system of menu a different system really for everything in the restaurant has to be recreated now there are also reports and i see them here in minnesota in other cities of restaurants who were doing casual service who are now just doing fast casual other words they're able to pivot

a little easier because the make up of their physical space well and i think that's what i mean obviously fine dining may be a higher ticket item but it's really you know there are still some small businesses who have that fine dining or mentality but those are going to be harder on the take out and the delivery i correct about that. well yes and you know you also have to remember i believe fine dining when we look you know 141618 months down the crystal ball route i think there's always going to be a man for super fine dining at a very high level i think at the very bottom of the tier the fast food sector is going to figure this out really really fast they're almost ideally suited for limited. customer contact anyway it's all those restaurants in the middle the independent restaurants and that's why you know i would became a founding member of the independent restaurant coalition for people who are really interest. did in delving deeper into the issues i would insist they go to save restaurants dot com we believe very much in 2 very very important things right now

number one p.p.p. has to be fixed or backstopped extended in some way so it actually makes sense you can't have an 8 week band-aid for an 18 month problem right there restaurants who won't even by state mandate be able to be open during the time that their 8 week p.p.a. loans are available to them i have 2 restaurants in that very situation and then we need a restaurant stabilization fund we need a long term sustained support of this industry so that they are open for business and the reason we need it is that we're the 2nd largest employer in america right behind the defense department i mean you're talking about 11 to 15000000 employees in a trillion dollar business that pays 20 percent of trust taxes in many states it's an incredible number and you also have to remember that it's a special business 95 percent of every dollar that comes into a restaurant goes out the back side it's

a very low margin business but that means it puts a ton into local city municipal and state tax coffers as well as is a huge part of our tourism industry and before it comes in the front door it's a ports all those farmers and avatars and you know honey makers and fishermen it is an incredibly incredibly diverse ecosystem that actually becomes a multi-trillion dollar industry when you take a look at it in the socio should with its support of structures air i'm so glad you dressed all of that stuff and especially what you guys are doing the ira say because i was going to get there but i want to hit on one last point before we wrap up here you're known as a world traveler with programs covering food throughout the globe now how is this affecting eateries outside of the u.s. that may rely on tourism or just people being out and about on the street to enjoy like street food that you might see and someplace like southeast asia. well i mean one of the things that i think is going to be true no matter where you are whether it's a a jungle market in the middle of thailand or

a beloved pizzeria in naples consumer confidence has to be there before you can get customers in the door that's why the work that restaurants are doing to make their own businesses safe a casual and slow and very intentional increase in business is vital i saw yesterday that dot mckelway one of the most famous 100 year old pizzeria in naples my favorite place to eat pizza in the world just reopened 2 days ago but they're only doing to go business right now now this is a restaurant that didn't close during the cholera epidemic didn't close during world war 2 but it closed for this pandemic we are truly in a once in every couple 100 years type of global ambiguous and uncertain situation and i think every restaurant every street vendor every casual eatery is going to have to take care of put on their own gas mask 1st before they can start serving

others the way we were 6 months ago you know and or i could i could honestly pick your brain about this for an hour but for time james beard award winning t.v. personality enters them or thank you so much for joining us and letting us that in fact that i thank you. and that's it for this time you can always check us out on you tube dot com slash boom bust r t c n x that. seems

wrong. just don't call. me but you get to shape out these days to come out of jail and in detroit because the trail. when so many find themselves worlds apart we choose to look for common ground. yeah but if you're going to cause you to go that's just you still believe you because you knew you could if you could only get you to grow wheat you would give it to but you could. still see leave. the clue to some was an idealist and does not you want to. thank you for this news

this is useless this is still just a kid. you couldn't use if there's someone on the slopes will somebody. look for this for you to. use to give suitable a look a lot shoot this new look at me and compare you to my siblings for the beautiful for the slow play the flick not. just say. welcome redacted the night this is a comedy show we're americans in america covering american news are called foreign agents donald trump will probably win reelection and i take no pride in saying that i am not excited to see another 4 years from the most

corrupt incompetent mag loman i have gold man child this country has ever seen and i know the reason he will win is not just because joe biden has to be the most pathetic can to get the candidate the democratic party has ever put up since. hillary clinton way back in was that only 4 years ago here it seems like no you don't like to rid our lives slowing down speeding up of it or we have purgatory is this purgatory good. story this isn't even in the script i'm just having a breakdown. no donald trump will likely win reelection because nearly 17000000 americans have been purged from voter rolls over the past 4 years and your corporate media doesn't have the or the jainas or the hermaphroditic mystery parts

to talk about it investigative reporter greg palast the man who discovered how bush stole the presidency in 2000 the guy who discovered how the deepwater horizon oil spill actually happened the guy who revealed how california was stolen from bernie sanders by forcing provisional ballots on everyone and the guy who discovered where i left my underwear that crazy night in vegas that guy has uncovered yet another way our sham democracy has been rigged and he reveals it in his new book how trump stole 2020 between 20142016 the number of voters purged from moving their residence had soared.