very interested in disproving your food because there are $1000000000.00 on it and there's no reason to do that research. this is the one business show you can't afford to miss i'm going to bore in washington coming up markets have had it up and down day as hopes of a quick recovery are fading we analyze the numbers and how a potential recovery could look and it has just told her she is seeing a ray of hope amid the outbreak telegram has halted its cryptocurrency project straight ahead we have a boom bust panel to go over what's happened plus sector after sector has faced the wrath of cope at 19 how is media consumption fairing we have an industry analyst on

hand to break it all down with a packed show today so let's dive right in. and u.s. equities rebounded thursday after big drops early in the day at open the 3 major indices in the dow the s. and p. 500 and tech heavy nasdaq all fell by at least 1.5 percent but turn positive hitting session highs in the final hour of trading markets were initially pushed down by more bad news in the u.s. job market as the labor department reported nearly 3000000 new jobless claims for the week ending the 8th of march now this brings the total number of unemployment claims in the u.s. to more than $36.00 a 1000000 over the last 2 months due to the coronavirus pandemic now the unemployment rate in the country is now over 14 percent now it has been a rough week for u.s. markets on wednesday alone the dow dropped 2.2 percent the s. and p. lost 1.8 percent and the nasdaq which had been having a really nice run fell by 1.6 percent of the. market turmoil is also comes as the

u.s. federal reserve ward of a prolonged recession desh in hopes of a quick recovery for the world's largest economy and joining us now to break down what is going on in markets is bill bus co-host christiane a christie i'm not going to waste any time here what is happening with markets today is that volatility of the head kind of subsided is it back. now i wouldn't say the volatility is back to where it was before we had those wild swings in both directions of like 2 to 3 percent and dan opposite directions i think actually we're past the point where oscillating wildly trying to find a bottom because before that was just so much uncertainty on the future outlook one day it's terrible and the market gets oversold the next day and found that back on optimism and speculation that the fed is going to come save the day but there wasn't any real data points to work off of back in march so the only relevant comp to look at was china so every single model that was put out was based off of how china's recovery actually looked like but now here in the u.s. we're about 5 months into this and we're actually getting real data points here

with the unemployment with j.p. imports exports p.m.i. all of that all that's new so are staying at the market is consolidating after just kind of slowed it up 30 percent on optimism and fed spending so we've had a lot of government support this time around we asked for stimulus and we got it so now the fear and the market is gone at the fed one just simply and let everything fail so that's why we're not going to get that violent drop again at the equities hopped on the real naprosyn now we're getting that real data saying that the reopening may not be as easy as it sounds and things are just going to go back to normal overnight so all of these names are now getting checked by the new reality and investors are trying to find out where that new reality looks like where that new valuation is in every single sector in this basically new normal that we're living in now kristie the banking sector including bank of america j.p. morgan chase wells fargo and citigroup they all helped push markets up on thursday posting substantial gains by the end of trading why are u.s. banks doing so well today. i want to know they're doing well today they're just

catching up today the financials and banking sectors have been one of the new worst performance like this in this entire sell off the bank and next is still down about 45 percent this year including today's rally and that kind of a combined $800000000000.00 in terms of financial sector to equity valuation from its constituents so it's still down about 14 percent compared to the overall s. and p. and nasdaq that i've become about 30 percent and though the u.s. banks did add billions to their provisions for loan losses in the 1st quarter as we saw during the earnings more is to be expected and wells fargo is one of the worst performance among big banks especially in the 0 interest rate environment it is going to be very difficult to see how financials can and do well if at all chris you talked about these metrics that we're seeing the real data that we're actually seeing now due to the pandemic how concerning are these unemployment numbers as we talk about a prolonged recession due to the coronavirus. well one of the most disturbing thing

is that there are far more americans filed for unemployment than the jobs gained during the last decade since the end of the great recession so we just kind of stuck took a giant normal step back and today we came in worse than expectations as you mentioned just like we had the previous 6 weeks now with unemployment sitting at 14.7 percent so now if we look at comps again to get a baseline of what happens at the end of the tunnel you look at china and it took china 2 months to get production back to even half capacity and now consumption still remains sluggish over there so let's just say for the sake of argument that the quantum bias is gone tomorrow and there will still be a noticeable most of the difference in disposable income consumption and savings behavior stemming from unemployment and consumers they will be more inclined to say creating this very vicious cycle of sluggish aggregate demand all of cross the u.s. and globally. kristie we have another story we need to get your take on the 1st let's bring in blue bus co-host and crypto analyst ben swan and now there's a huge story in the cryptocurrency world as telegram has announced that it will.

fishley abandon its tongue network and the gram cryptocurrency no telegram c.e.o. pavel derived announced monday that the company is calling it quits on the telegram open network or tom as we just mentioned and the link to graham tokens thanks to a lengthy battle with the united states at the sea give us a quick background of telegrams krypto project and its battle with the f.c.c. . yeah centrally telegram which is this massive encrypted messaging service many of you out there know exactly what this is use it all the time announced in 2017 they were going to raise an about 1700000000 dollars to an i.c.a.o. an initial coin offering a lot of people were doing it at that time that this was such a nasa of i.c.a.o. was for one time at one time the largest i.c.a.o. done by anyone it was later on overtaken by eos but in the meantime telegram was essentially trying to do 2 things and one of the things was to create the tang network the telegram open network and then also the gram cryptocurrency as you mentioned the problem is that the as c.c. started fighting them in 28000 the f.c.c.

was claiming that this was a violation of securities law and then in 2019 began to find them and try to crack down on them and then in october of 21000 a judge ruled against telegram essentially saying that this project could not move forward and that they have violated the law not just in the united states but that the project can't move forward anywhere in the world because u.s. users and investors my stride is still access that those that graham cryptocurrency and so as a result of that tom is now dead in the water a telegram announcing that they are no longer going to pursue this project because they say that the u.s. district court judge didn't just shut down the project for the u.s. but has blocked it for the rest of the world and that's not just a shocking thing it's a pretty scary thing you know kristie winter often notes that telegrams turn network project was over with he said that american courts shouldn't have the power to stop the sale of crypto currency beyond u.s.

borders is that what happened here as ben was just kind of mentioning there it might mean i can't operate a word i knew a citizen might find some way of accessing a ton platform after it launched even if it's launched in every single country in every other country in the world except news it and everything so this actually creates a very very dangerous precedent right now because it shows that the. u.s. is willing to just block and put a giant robot when it comes to finance and technology and being the world's superpower right now it does currently have the leverage do that so that's kind of where stand on this that the u.s. judge is right about one thing that everyone is still dependent on the u.s. when it comes to finance and technology and so this is came as a surprise and it's very disappointing how backwards the u.s. is when it comes to craft especially when you have countries such as japan who has declared that big quiet is just as good as now one of the reasons i think is that the ground was meant to be a currency not just a security and this was supposed to be out of the s.e.c. jurisdiction and at the time the as ben mentioned this is one of the biggest i.c.'s

with the largest influencers groups aside from libra so if this actually took off this would have made been a tremendous threat to the current currency structure as we know it better if i were graham oh i wouldn't say i was going to say i but it kind of bizarre if you look at the way the u.s. united states laws are made up in the 1st place where you have states who have their own jurisdiction so state the state it changes a lot of what laws are changed i mean if you look at you know the cannabis industry here in the united states and some states it's legal some states it's not so for them to do this on the world stage and say hey you guys can have this legally because americans might have the opportunity to do this how do the far the authority there well they don't have the authority to do that it's simply just like the money it's a fee order that says we have the authority to declare that people can't use this service and can't access this crypto currency and kristie that made a very important point there which is that this currency this gram crypto currency is a real threat because it was not a security it was an actual currency that was going to go on telegraph network and

remember telegraph was essentially doing the same thing that libra was later trying to copy them and do through facebook which was to create this peer to peer exchange and we're going to bank the m. bank telegram was actually do. oh and it seems that we may have lost ben's feed there. let's just end that segment there kristie i and ben swan to busk oh thank you so much for your expert analysis and the world health organization's chief scientist says it could take up to 5 years before the coronavirus pandemic is fully contained during a conversation with the financial times global boardroom dr summit swami nathan added a vaccine could be the best way out of this dire situation but questions remain so let's take another global look at the trends and spread of the current a virus with r.t. correspondence i tablet or so i was told where we are today in the united states to

start with saran there is so much political pressure ad the moment to restart the economy and release people from isolation and while president trump on monday claimed that all throughout the country the number of new infections are decreasing well that clashes with a leaked white house court appointed virus task force report that shows that some rule areas of the u.s. are actually seeing infectious infections spiked by more than 1000 percent and that's in a week yet states are rushing to reopen after lock downs but public health experts warn that new surges could trigger a 2nd set of state home orders of course it's not yet clear if lawmakers from those same states that are reopening who i might add were for the most part slow to lock down in the 1st place whether they would be willing to set another lockdown or if new if new cases do in fact surge so i'm looking at this map right here these are

hotspots in very populated cities like san francisco seattle l.a. denver dallas houston all throughout all the way to boston atlanta new york and but i want to break it down for our viewers and ask 3 different categories 1st among the. now these are the states in the u.s. with where new cases are actually increasing you have montana north dakota arkansas virginia and maine and this is where you're seeing more cases actually increasing and then we have states that are actually remaining the same which is right here so these states have actually their cases are remaining the same number talking about oregon california arizona texas florida so here cases although it would not they're not increasing their remaining the same which doesn't it's not necessarily a positive because they still have a lot of cases but those are just not going from the previous week and then lastly we have states that are reporting actually cases are decreasing states like iowa

washington and idaho wisconsin and new york of course where it all started and also pennsylvania and georgia so now these are actually decreasing and a lot of critics also argue that it could be because it's a lack of testing but so far this is what we're dealing with with the 3 categories right now in the u.s. . globally how we're what are we looking at when it comes to the mortality rate globally when it comes to the coronavirus well brand that's a great question because one of the most important ways to measure the burden of coping 1000 is mortality and of course throughout the world they have reported very different case fatality ratios now the difference in mortality numbers can be caused by a things like this a difference in the number of people tested with more testing of course with more people will milder cases are identified now this of course lowers the fatality

ratio and then we have demographics for example mortality tends to be higher in older populations and then there is the characteristics of the health care system for example mortality may rise as hospital become overwhelmed and have fewer. our resources and of course there are a lot of other factors which remain unknown but i mean look at countries like the us however $11400000.00 cases and the mortality rate is 6 percent versus for example places like the u.k. that has over $230.00 cases and has as a 14 percent mortality rate and then we have countries like russia that climbing up the list but there were tallied it is very low less than one percent which are attributing to their widespread testing and then you also have countries like france for example that have the highest mortality rate and they're at 15 percent and so all of these differ depending on what country you look at brant arche correspondent side have to thank you for keeping us up to date on all of this. and

as a reminder you can always find the latest news and information regarding the code of virus on portable t.v. as credible as tracker it's time now for a quick break but here because when we return the movie industry has taken a big hit in the midst of the coronavirus outbreak straight ahead we get some insight from an industry analyst and as we go to break here the numbers of. the so.

listen startling online algorithms dictate what you get for want to go to portable dutch t.v. slash. to get killer television completely free i'm talking award winning comedy awards. coverage inside so frank still tastes like raspberries on a spring day take so hot they'll burn your face off down in the videos more added by the hour did i mention it's free it's it yeah free go go get it portable t.v. . oh you know. he'd. take a bite. i like it when the hosts ask a question for the guests and then actually listens to the guests answer and moan and react to that and it's a folks dennis miller here i've got

a new show. you know it doesn't really matter where you've been but batterers is where you're going right we'll see you church generations look back at the establishment media as the lead in the water pipes that drove the romans mad do you find yourself watching t.v. to turn your brain off to relax i want you to watch t.v. to turn your brain on i'm rick sanchez. it's time. to do news again.

welcome back as the pandemic is causing many to stay whole television ratings are up but revenue for advertisers is by reeling downward and now many companies are looking to take advantage of a new out in their contract with networks are to correspond it natasha so it has the details on where the money is going. some of your biggest advertisers for television networks are cutting their existing deals pepsi general motors domino's pizza general mills are just some of the major companies looking to take advantage of an out in their contracts as of may 1st companies have the option of canceling up to 50 percent of their 3rd quarter ad revenue spending and now ad buyers are estimating that up to $1500000000.00 in commitments could in fact be cancelled insiders say this out if you will has always been in contracts but taking advantage

of it is almost unheard of but the future of the pandemic a known owners of the major networks are concerned over what the future can spend and could look like all the revenue for long term ads are down the last minute opportunity buy in when companies purchase ads closer to the air date is also reportedly low by a com c.b.s. chief executive bob baucus calling quarterly earnings on a call this week quote not pretty amc networks caution in ad revenue could drop about 30 percent but it's not to say these companies in key ad categories like automotive pharmaceutical food and beverage aren't spending some are taking their business elsewhere like facebook and google mexican food chain topola is just one of many looking to shift their ad dollars into streaming videos on social media chris brandt to police chief marketing officer saying we've seen a lot of great returns with facebook and instagram serial jayanta general mills also transferring some of their t.v. advertising investments into digital video and e-commerce well some of these

companies. up there ad contracts with networks well in advance it's certainly not business as usual during this pandemic as of right now fox is the only major network to release its fall lineup the future of ad spending could decline or shift all depending on how the economy reacts to the effects from the coronavirus reporting for boom bust natasha's sweet r.t. . and for more on this on the pandemics impact on the entertainment industry we are joined by senior media analyst with com score paul bigger beauty and paul i want to head on that last story from natasha 1st viewership has been up since the start of the pandemic but value for advertisers just isn't there how big of a deal is this for the big media companies to lose these dollars from advertisers. well brant i think everything's been sort of turned upside down and with so much fragmentation of the audience meaning people are watching a lot of streaming they're watching content everywhere they're getting content on

their social media platforms it's giving advertisers a lot more options as to where they can put their products where they can get those messages out to people and with the pandemic right now it's kind of turned everything around and we'll be getting this of course and in a minute or 2 it's changing the landscape of movie theaters which also is related to the whole streaming. explosion right now because people are at home but they're watching a lot of different things on a lot of different platforms this is a big deal but i think like with so many things going on right now it's unprecedented what's happening because of an unprecedented situation causing things to change in a way nobody could have foreseen and no want to shift it to the movie industry here as you said oh how big of a hit is the closure of these 3 theaters for studios where to get on last week actually mention many of them a bank on thin occasion rights you know for big shows like friends and seinfeld

rather than the box office draw what are you seeing here. well most certainly in mid march we saw a pause button hit on the movie theater because the protocols were in place that was stay at home orders and all that that the movie theaters really had to close of course that's not good news for the movie theaters but it was great news for streaming because people were literally stuck at home and they need content but the movie theater will be back and when it does i think people are going to be really anxious to go back but for those who think that maybe streaming is going to take over the movie theater is something of a bygone era i think that's completely misguided you look at the drive in movie theater right now and people are going they want to get out of the house they're going to drive ins this is true in north america it's true in germany all over the world people are embracing that communal big screen experience but most certainly

we're going to at the end of the year have to put an asterisk next to the box office numbers because the box offices. really it had a stoppage in mid march we're hoping that in july tenet can open if things are safe and audiences feel secure going back to movie theaters i think they're going to be really excited to do that but tenet that's the 1st big brand new movie that everyone's waiting for and if the date shifts so be it often movies are going to be beholden to the social distancing protocols and the requirements of any given city state or country and i mean i know christopher nolan's really pushing that new film to be the 1st big blockbuster out of the gate and we know that everybody's moving towards the streaming right now but we've seen a lot of these pushes where you saw the trolls movie which we've talked about quite a bit here which is right of change in that for universal pictures but also now you had disney plus they just announced what that hamilton is coming right to disney

plus the obvious they don't get. correct revenue besides the right drivers off of that but this is going to change things and when they see people watch that and in the next 18 months when people may not be so ready to hit those movie theaters don't we look at that and say this could be a lasting effect yeah i think there is a natural tendency to say look if they're moving some of these movies to streaming and they can do well financially with them while they just do that for every movie people would love to have brand new movies in their home but the exclusivity and prestige of the 1st run the actual release is super important and the whole idea that the actual window is to instill that idea that he this is a different kind of movie this is a film that you're going to come home from the movie theater and you're going to want to preach purchase it so that you can watch it at home down the road but of course films like the trolls movie and scuba and family films i think with the

studios are trying to do is just give families with kids something brand new that they can watch in their home i think is bob back said from disney it's on a case by case basis and let's face it if you have a movie that has a 200000000 dollars budget i don't see how you could ever earn that back with streaming alone and that's where you see a lot of big movies waiting for the movie theater to come back and a lot of big films being pushed not only to the end of 2020 but certainly in the 2021 day i think we won't know the lasting effect and if this does happen to go by like we've been talking about that 12 to 18 months we don't know what the future is going to hold we could talk about this for hours paul paul there in a com score that you prefer i will have you back. brant thank you for sharing i appreciate it. and finally while the super rich have access to resources that allow easy travel amid national porn teens many countries have closed their borders to stave off infections even for those who were wealthy for them restricted travel

could mean more than just lost time globe trotting it may mean new complicated tax issues from declaring residency and high tax places most laws require individuals to declare residency when they spend more than 6 months living in a city or town while the i.r.s. recently extended its limit to declare residency by 60 days this may not be long enough simon goldring a partner at a london based law firm said it's not coming to an end anytime soon adding there's going to be people stuck in different jurisdictions who inadvertently become residents there so while the rich may have yachts and planes it looks like their ticket to low taxes will require complicated paperwork rather than high ticket travel and that's it for this time you can catch blue bus on the brand new portable t.v. app of a blog smartphones through google play an apple app store by searching portable t.v. and as i went to check it out on you tube dot com flash boom bust r.t. the next time.

we go to work. straight home. 54 jets and more than 1300 military personnel are headed to air

force base in alaska where is that to say come on i'll show you what's the reason for any type of enhanced u.s. military presence in this area at rush up. what is it suddenly about the south china sea that makes it so that it 11000000000 barrels of oil. take a look at this map who really owns what kind of says no it belongs to us india says no we claim that that belongs to us both of these countries have nuclear weapons capabilities there is reason for concern so that's why we're going to drill down on this story for you today right here on the news or direction chaz where you know as we always like to say we do believe by golly it's time to do news again. during the vietnam war u.s. forces. it was a secret war. and for years the american people did not know. how much it is

officially the. country per capita. as human history millions of unexploded bombs still in danger lives in this small agricultural country. even today kids in the full vixens a bombs dropped decades ago is the u.s. making amends for the tragedy and. to the people need in that little. this is the problem. you don't know and so you know it's easier to be reactive than proactive. new renaissance here. is to show us that this is a. hello

and welcome to redact it's night v.i.p. i mean we caravan and guest hosting this week and i am totally not going to cry i'm not lonely you're lonely you know what i never like to go before but now i would just love to have a spirit from the other world my home i mean i've tried inviting them i've tried the weegee board candles pentagram but i can never hear any creeks or bones or chains rattling i'm starting to wonder and my scaring the ghosts away well.