that's. different to one business show you can't afford to miss them on thursday ok in washington coming up to us china relations strained over the course of the pandemic we have the latest for you plus goldman sachs predicts india will suffer its worth recession since 1079 and finally johnson and johnson announced it will discontinue

sales of as baby powder in canada and the u.s. you have a passion for you today so let's go and dive right in. tensions between the united states and china continue to increase as china condemn the u.s. following u.s. secretary of state my pompei this tweet congratulating taiwan's newly inaugurated leader. we warn the united states that taiwan's independence is a road that leads to destiny can given some more support for taiwanese independence is doomed to any damage to china's core interest in any interviewer in the chinese internal affairs so it will be rigorously counterattacks. the spokesperson also urged the u.s. to lift the newly impose sanctions on telecom giant wall way as relations between the 2 countries continue to strain meanwhile coven 1000 cases in india are surging

the country reported more than $5600.00 new cases in 24 hours this was the biggest single day spike during the pandemic students in south korea returned to school on one say but dozens of schools in the city of incheon were forced to close down and close back down after 2 students tested positive for covert 19 and as europe eases its restrictions it's apparently lagging behind the us in funding when it comes to manufacturing a vaccine still there are prepared to be among the earliest recipients of any vaccination well spain is taking extra precautions spanish prime minister is asking for an extension of its state of emergency if granted this would mark the 5th 2 week extension and would continue the walk down until june 7th the u.k. still working on a contact tracing system prime minister boris johnson promised it will be ready by june 1st in sweden new data showed the country has the highest number of deaths in

europe per capita from cove at 19 over the last 7 days with 6.25 deaths per 1000000 residents a day now the country has kept most of its country open during the pandemic on wednesday the e.u. signalled member countries that breaking the box deficit rules to tackle the coronavirus will not be punished as you know we do it it's a general escape clause for the stability of the sparked. this member states to temporarily the. adjustment in order to. sustain the economy. ensuring that equality. these measures call that the cause that it's all member states. 'd 'd cities percent of g.d.p. with $27.00 nation bloc is facing its worst recession ever production show what europe's economy will shrink by 7.4 percent this year the e.u. is expected to announce its new long term budget next week in latin america

brazil's that death toll surged to a record of 1179 on tuesday the president is now considering imposing a travel ban on the south american country. but the massive amounts of government spending and u.s. dollars being printed right now the u.s. treasury is about to do something it hasn't done in almost 40 years it's creating a 20 year bond in order to pay off some debt well this kind of bond was last issued in 1986 and i debuted one say during a $20000000000.00 auction joining us now to discuss the most and investigative journalist and swan but let's start by you having by having you explain this bond to us what's the idea behind it and what is the draw to a 20 year bond. yeah i think it's a couple things 1st of all the idea behind it is you're going to try to pay off some of this massive mounting debt that's being created right now by the u.s. treasury and by the federal reserve bank and when you think about it i mean the numbers are just staggering us to what's being printed in the amount of debt that's

being accrued right now so as you said it has been almost 40 years since a 20 year bond has been issued and yet that's exactly what the u.s. treasury is now doing but what's really interesting about this to me is that apparently in the treasury secretary says that the u.s. government had actually floated 1st the idea of a 100 year bond and then a 50 year upon what they were advised on was that there's no interest from investors in a 100 year bond for a 50 year bellamy dad but they are then absolutely they'd be dead before they were able to see the videos from that the 20 year bond there was more interest in and so they're saying that investors do like the idea of one of those long term bonds but 20 is about the breaking point and it seems like it's been a pretty volatile week for wall street as we have seen stocks right sharply on wednesday is this all part of the new normal are we just going to keep seeing it go up and down throughout the next few months yeah i think it is part of the new normal at least for the temporary at least for the time being i think what we're going to see is continued kind of ups and downs based on. different factors

headline seem to be driving a lot of this you know we have more states reopening that seems to be helping the stock market we're getting you know earnings reports back for instance from amazon and facebook both of them sitting record highs in terms of their stock right now which is really not a surprise especially for amazon that has really been able to benefit because of people being kind of sheltered at home but simultaneously i think we're also seeing more optimism as we're seeing more factories come back online we're seeing you know the big 3 in detroit the big 3 automakers chrysler ford g.m. also name workers back to work and to produce cars again so i think that will actually help it will start to see the economy recover in terms of wall street over the next few weeks and months manes. maybe a different story well not just that also saying that they were closer to a vaccine than promising more treatments for co 1000 has also been helping a little bit but over the last few weeks we have seen a lot of headlines that the housing and even mortgage industry now is in pretty big

trouble suddenly there's been a surge of buyers coming back into the market what's going on here yeah that's a really interesting story isn't it that all of a sudden you have a surge in people going out to get essentially home loans to buy new homes with what's interesting about that is the geography where is that happening you know over the last several decades we have seen this push for people to become more urbanized and to move into downtowns and gentrified neighborhoods essentially that are remade in downtowns across the country what's happening right now is we're seeing a surge of people who are wanting to get out of downtown and get out of urban areas and instead move into suburbs and so that's actually where the surge is people want to go and buy a home outside of the inner city i'm sure it has to do with you know the fears over coded the idea of people being too close to each other not having that space so there seems to be a real interest there also interesting lee right now if you're trying to refight your home there isn't much of that going on and part of the reason for that is a lot of banks have frozen reef eyes but at the same time they're making loans for

new home purchases right so there's kind of a back of or there's 2 exactly why that is that they've frozen the replies but it's happened now refinancing but they are at least some mortgage due dates for some people left and i want to get one more question in the u.s. senate did approve sleeping this new legislation on wednesday that could ultimately bar many companies from now listing shares on u.s. exchanges or from even raising money from american investors but give us give us the details on that and give us an outlook of what this actually means yeah this is a really interesting story so essentially what the senate did was they voted on this legislation that requires that chinese companies listen to this stablish that they are not owned or controlled by a foreign government now that's an almost impossible task it's. one thing to say you know we're not going to allow americans to invest in companies that are owned by the chinese government it's another thing to say if you are a chinese company you must prove a negative prove that you are not controlled by the chinese government prove that you are not owned by the chinese government how do you actually prove that there's

also been an audit that can be essentially created by the public company accounting oversight board that can investigate your documents to try to find out of this is true i think this could be a kind of a touchy issue because you're talking about probably a legal issue as to whether or not people would be allowed to invest in a company simply because 2 the u.s. senate has decided that it may have an association with the chinese government therefore that makes it illegal i think there could be a lot of legal questions more tensions to come i'm sure after that especially after the restrictions on a co-host of boom bust and investigative journalist ben swan thank you for your time. india is one of the most advanced developing countries it's the world's fastest growing large economy yet it has one of the worst public health systems and it's highlighted that by the pandemic well despite the 266 $1000000000.00 stimulus package the equivalent of 10 percent of india's g.d.p. economists argue it's simply not enough to address the devastation the country now faces in a nation of $1300000000.00 people goldman sachs now predicts india faces

a 45 percent decline in its g.d.p. for the 2nd quarter for more we're joined by economics professor richard wolfe and author of the book understanding socialism professor good to see you thanks for coming on again my pleasure thank you all let's start with goldman sachs projecting this 45 percent right will there also projecting the industry d.p. will that rebound by 20 percent this year by the 3rd quarter what will happen to india's caste system and is it going to further exacerbate the wealth inequalities that already exist. well i'm a little taken aback by the confidence with which goldman sachs predicts the future i don't really think anybody can do that no disrespect to them i can't either but you shouldn't claim it i have no idea what's going to happen 6 months from now and i doubt anyone else knows we are in uncharted waters we do not know what the ramifications of this crash is do not know how i long it will last having said that

india is a very crew or country and it crams an enormous population into very close to living quarters as you can see and therefore it is ripe for the kind of spreading infection that we see and that was no one has been known for decades the failure in india as in so many other countries not just in india was to failure to prepare to have stockpiled their dental later as the masks the gloves the testing kits to be able to clearly identify what your problem is where it is that was the problem it was a problem in this country to the united states but it is more severe in india and the price that is being paid in illness and death yes it is going to be staggering and like in the united states the poorer you are the greater your risks of either

getting sick or going to and they're going to be consequences for the entirety of the indian economy it's really a terrible tragedy a look country that has tried so hard to become a leading economic force in the world well professor as you mentioned poverty obviously a population the country here which it accounts for about 40 percent of the world's the urban part community it's already struggling to make ends meet there are more than 110000 confirmed cases and more than 3400 deaths in the country are we going to expect this virus to ravaged the most porn aber had they have no running water extremely poor sanitation especially coming out close to the super cycle and it's going to hit the country. you know you don't there that there is a tragedy here but there's also something that verges on the obscene it's a little bit like here in the united states having politicians get out there and say aerated make sure the way to be safe is to get even stronger and stay inside

and wash your hands we have a 1000000 at least on him to homeless people in the united states who obviously jams do it that's what homeless needs at least it's a patient his cruelty what exactly and run a 1000000 year it's that they're in trouble 100000000 or more if india they don't have shelters that keep them separate from other people they don't have running water india doesn't have a religion for a quarter of its people i mean you put all that together and yes you are facing a spectacular risk which the most government committed as it is that neo liberalism supremacy of private enterprise hasn't had the government stepped up and produced and stockpiled what you need for a pandemic so they're going to go through this and pay a horrific price i will have about a minute left but i do want to get a quick answer on this china has taken extensive efforts through its communist

party to relocate the most poor and even the vulnerable citizens to rural china from rural china rather and place them in more developing towns is this something the india will consider doing. yes but they don't have the infrastructure to do it i mean may consider it maybe they'll try to do it but this is the resultant from the 30 years of a very different development plan china is highly organized china is mobile china moves people knows how to do it and has experience none of that is comparably true in india they have a very relatively small class of very rich people and they asked neglect the mass of their population so they're not in a position to do it even though it would be a helpful step to take like so many others that aren't being taken well let's hope that they can prepare and if this happens again because it's a matter of time like they said to do so progress or return will host of economic day and author of understanding socialism thank you for analysis. thank you as well

. time now for a quick break but hang here because when we return amid the pandemic there's a growing push for some automated jobs but what does this mean for post pandemic life party correspondent natasha explains now as we go to break here the numbers at the club of. marti's khaled international memorial awards are now open for entries the media professionals are eligible whether you're a freelance journalist work for all terms of media or part of a global news platform to participate published works in video all written for much

go to award dot altie dot com and then to now. you can be told with the yeah you like. during the vietnam war u.s. forces are also bombs in neighboring laos it was a secret war. and for years the american people did not know. until our so much it is officially the most heavily bombed country per capita in. human history millions of unexploded bombs still in danger lives in this small agricultural country. jordyn wieber went on a kind of

a topic there even today kids in los full victims of bombs dropped decades ago is the u.s. making amends for the tragedy and what help do the people need in that little land on. you are no offense to you no longer a young woman in fact you are one of the last living survivors of the nazi yeah. i'm aware of it. all you like. and you can never forget we're going to auschwitz was really like to be inhaled because you would never believe it was a young man to go to as a hobby of course for 32 years ago for the for that it all seems a lot off by the side to make it to work when i get out on the farm saw you i want

to take my songs there next to you so he can piss in hopefully bless hurts. us some businesses have come to a halt during the pandemic adopting artificial intelligence and robots may actually help the economy r.t. correspondent atocha sweet has more on the benefits and the concerns surrounding the innovation. great if game is one it's a favorite 1st scared to find it being robots an artificial intelligence are helping to cut costs while reducing the spread of infections well some are concerned robots will take over human jobs this trend of global retailers using this technology has already been on the rise before stay at home orders were issued and businesses order to close as a result of the crown a virus pandemic robots like tally have been stopped. in store shelves and clothing

rocks tally is fully autonomous and mobile designed to help retailers take a better inventory within their stores the goal of telly is to help ensure a product is always start in the right place and has the right price and now those behind the technology of tally say the concept is in high demand it creates an opportunity where there is actually more social distancing in the environment because these tasks are being performed by by a robot not a person san diego based brain core makes a robot operating system that can automate existing machines its main product is a self driving floor cleaner working faster than a human can it even avoids running into people during store hours company executives say more than $10000.00 brain power robots are utilized by major retailers including supermarket chains kroger and walmart even airports and schools in april the company raising an additional 36 $1000000.00 in venture capital to expand into other areas such as shelf analytics and inventory delivery we're not

trying to replace a human in the companies that generally do try to do that in robotics often fail because humans are so flexible and can form so many of the task 3 were in advanced tool that allows them to perform at a high productive level really able enables them to focus on the a higher value tasks the robots on get out but with unemployment at 14.7 percent and the economy dropping some 20000000 jobs in april many can't help but worry about their future they typically won't call in sick but sometimes they do great. in fact you can reduce the amount of human contact and therefore you know be able to you know reduce the possibility of disease spread san francisco based bossanova robotics produces machines similar to tally recently bossanova announced its scanning shelf robot will be expanding to $1001.00 march stores this year that's up from 358 last year the trend is operating to those who worry their jobs won't return after the. pandemic there's a trade off there's

a real benefits to automation. and those many of them are economic i think the question is you know what happens to workers there or if they're not doing things the robots are doing now developers say there are many cases where robots actually help humans do their jobs not replace them take bomb disposal robots for instance and in terms of things like medicine where life and death decisions need to be made instantly those can't be replaced with ai although technology can still make a doctor's visit easier and amazon who has been using ai front and center still needs people they actually increased hiring to 100000 new jobs even offering a pay raise in 2018 a study looked at 3 recessions over the past 30 years it found 88 percent of jobs lost were in routine quote automatable occupations in 2016 a paper examined 100000000 job post online before and after the 2008 recession it

concluded that affected companies were replacing employees with a mix of more skilled workers and technology so while the job outlook may look grim robots may just be able to help keep the economy flowing during this and certain time reporting in los angeles natasha suites r t. consumer and medical goods company johnson and johnson announced this week it will stop selling its talcum based baby powder in the united states and canada where johnson and johnson is facing thousands of lawsuits from cancer patients that claim especially contamination and the baby powder made them sick little journal of their own care with america's lawyer has more on the story molly good to see you. hi sarah molly what's the reason that johnson and johnson gave for really pulling these products from the 2 countries. well it seems like it was done with a little bit of a flourish they said they're pulling it because of demand falling because of misinformation but as you said they're facing nearly 20000 lawsuits from patients

who basically say their cancer was caused by using talcum powder that was contaminated with specificity so they have a lot of legal challenges that they're facing right now between this as well as some of the opioid litigation they've decided to pull this product from the shelves but make no it's only in the united states and canada they're actually not pulling it from other markets like in europe well that's what's surprising is it's like ok well just usually it's the opposite europe's the 1st one to pull the products and it's upright it's coming from johnson and johnson but as you mentioned the company has been facing these lawsuits over this talcum powder for a while now why why now why stop selling the product now. i know it's such interesting timing isn't it there's a lot of theories out there one is that it's kind of a p.r. move everybody is distracted by the coronavirus right now maybe they're not hitting the shelves as much they're ordering in and so it's a little bit of a quieter way to go out take less of a hit to your reputation if you will also as they continue to face this lawsuit by

making this move they could turn to jurors and say you know even though we have faith in our product we took this corrective action out of concern and so we pulled this product and they're hoping that might be maybe they'll get fewer punitive damages which is the kind of damages juries like to give out if you're still doing something that doing something wrong to you well doesn't that make them look even more guilty. it certainly does look like they're trying to put a spin on we're taking these products off the shelves and we're doing it because you know poor us demand this fall and we're just the victims of this misinformation so in a way it does make them look more guilty also i think they knew they were going to have to come this direction anyway to a certain extent the f.d.a. has said that they have found batches of our contaminate especially as contamination in batches of their talcum what is out of it and so on and it has been known. exactly yes so you know the medical community is still mixed as far as what exactly these studies have shown but there are enough studies that show even as far back as like the early 1970 s. the johnson and johnson was finding a specificity talcum powder in tumors ovarian cancer you know all the way back to

1971 so again number of studies they say they're inconclusive but then you also find studies where they say women who regularly have used especially for him in hygiene especially to space talcum powder or talcum powder that has a specialist in it do have an increased greece increased risk if they continue to use it and some women of use it for decades so you've even got a case it's pending in florida in october that has to do with mesothelioma inhaling that talcum powder and there's a big difference between talcum powder that has corn starch base and the a specificity a specif the carcinogen the the suspected cancer causing elements so that's another thing that johnson and johnson will continue to do is sell their corn starch based products and this one especially dangerous because a lot of babies. do use for a lot of babies but how have these allegations affected the company financially and i mean i'm sure they have. right and i think it's been a bit of an up and down but this morning for example i think it was actually up

like some point 35 percent somewhere in there to be selling for almost just under one 151498 little over $149.00 a share so doesn't seem to be taking a big hit but perhaps they are looking towards the future again $20000.00 lawsuits on this issue alone they've also been named as defendants some of these opioid litigations you've already had verdicts in fact on some of the ovarian cancer litigation we've certainly seen those verdicts in the opioids so this may be one of those things where they're trying to prevent more damage from being done quick answer for me here molly but will more countries follow suit. it will be interesting to see like you said i haven't delved into that too much i would not be surprised one bit i mean if america the one that's usually last is the one to do it 1st brads they're going to take notice and we'll see if there's more action after the coronavirus maybe it is a big preoccupation for a lot of other countries and consumers as well definitely distracting from a lot of this molly barrows contributor with america's lawyer thank you for your

time. thanks sarah. for this time catch boom bust on the man on the brand new portable t.v. app available on smartphones through google play and the apple app store by searching part will be as always talked about on youtube dot com flash boom bust our teeth but the united front. is your media a reflection of reality. in a world transformed. what will make you feel safe from. isolation full community. are you going the right way or are you being

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as you notice in your restaurant that the blow up patrons are consuming anything the solution according to the policy makers would be to make them blow up consumers bigger like inject more are you know helium or oxygen into the blow up and that all somehow improve the situation for not taking into consideration their dead lifeless that they can't consume just like the money's velocity number shows us that for now a couple of decades has been dying in recently the money velocity is now pretty much. join me every thursday on the alex salmond shill and i'll be speaking to us from the world of politics sports business i'm showbusiness i'll see you then.

have. a folks that a similar plus one the home game still and hope you're all doing well out there coming up we're going to talk to well i'll say arguably because i like a nice argument but at my mind the arguments are settled the greatest female basketball player ever nancy lieberman go back and look at some of those videos from old dominion way back when and she was the state of the art you're watching m.j. in the last dance well she was the m.j. the female basketball world nancy lieberman right after this dennis miller plus one .