today so let's go and dive right in. global markets are slipping as concerns grow over a possible 2nd wave of coven $1000.00 will beijing reported a cluster of new cases after nearly 2 months without new infections will china's capital reinstated some restrictions including security checkpoints while both schools and sports venues also close after an outbreak tied to a huge market well this comes as south korea also continues to see a rise in new cases especially since the government has not enforced stricter social distancing guidelines. very concerned that's spreading. in the metro area in the virus is spreading particularly through. senior citizen we're making our best efforts in tracking people who have had contact with confirmed virus so we're still using a little bit he's hedging up. the words or utilizing all the resources

we can you want to prevent further massive action in the metropolitan area. india also saw a jump in new cases in recent days this is despite the extended lockdown the country has the 4th highest number of cases in the world with more than 332000 the city state minister predicts the country will have more than half a 1000000 cases by the end of july in a country that's already running out of hospital but when meanwhile many european countries reopened their borders on monday after 3 months of strict closures the region saw the sharpest drop in g.d.p. for more than a decade with a fall of 3.8 percent in the 1st quarter of 2020 well last week president of the european central bank christine legarde highlighted what she called the unprecedented crisis saying mastering the recovery will require extraordinary action at e.u. and national level and the united states is seeking or is seeing at record spikes in new cases and hospitalizations across the country dozens of states are seeing an

increase in infections as they reopen and while the surge may be attributed to an increase in testing availability reports have surfaced that many states have returned to pre-code norms without wearing face masks or even following a social distancing guidelines. with a possible 2nd wave of coronavirus u.s. stocks are sliding will sentiment in the markets have been shifting since last week when markets were reaching near all time highs monday's futures slid at one point the dow was down $762.00 points at session lows but recovered some of its losses throughout the day well joining us now to discuss is co-founder and managing partner at f a. insite thomas lee thank you so much for joining us today tom it's been a volatile day as we've seen a volatile week as the indices clawed their way back up from the lows that we saw this morning but it seems like this negative phentermine has really taken over once again over the possibility of the resurgence of coronavirus cases how do you see

all of this playing out. well i mean there's a lot of uncertainty you know this is an unknown disease and. it doesn't look like any country has really defeated goods successfully not because you point out you know china seeing your piece as well but i think that there's positive things happening in the u.s. because even though he says are rising. it's not really going to increase for him to the health care system so hospitalizations have taken out so i think the market's perspective economy showing a lot of resilience you know china had to be shaped recovery on the economy side and u.s. has a lot of evidence that consumers really are moving in that direction and as long as coping doesn't suddenly bring the health care system i think stocks are in good shape well you mentioned china having a v. shaped recovery now we're seeing beijing where 1st started closing down replace

some restrictions once again are we going to see another reserve gents in the country. i don't know i mean you know it's i haven't been following it closely i mean it's 37 cases in china so it's not you know it's not tens of thousands but. you know i think it as long as a country implements context reducing it something we've been writing about. and therefore they can sort of test and notify everybody and you know what economy can still do you know with. now have to shut down i mean you know shutting down the economy is an extreme step and i think i don't think that's what happened and i believe a lot of people agree with you a lot of analysts have been saying that with that in the 1st place the u.s. shut down way too much the economy you've always been pretty optimistic about the market based on your proprietary data what drives your thesis when we are still seeing these severe contractions in economic data worldwide. by i mean i don't

think we have a thesis as much as you know we're our free market is just saying at the moment i think consensus and perceptions are still too negative you know there's 5000 dollars of cash on the sidelines and it looks like consumers quite resume which they are and this is very much a market bottom and therefore stocks will do a lot better than people expect maybe that's the. market so i think that's ok explain the market better than any. well fed fed chair powell your own power he's expected to appear before the senate banking committee tomorrow on tuesday and he's going to deliver his testimony as part of the semi annual monetary policy report what should we expect to hear on the outlook of the u.s. economy i mean we heard last week that it wasn't good news and it definitely had an impact on the markets especially on the light of the disappointed message and tone

that we've gotten from. now i don't think that's meant much has changed in the past few days so meant that his message in the pretty consistent. you know i think it's important for people to recognize is not a normal it's insightful it's not a normal c.s. and so any policy measure but in place today you know needs to be extraordinary and i think that's what the feds down there think that's what washington has done and you know if if anything you know if you look at the past week you know 2 beasts measure still need to be put in place yes methinks you know we need to have that sort of extraordinary support for some time now john powell had said that the interest rates will remain up near is there a low until 2022 he said that he's not going to put them into the negative route do you see this happening is he going to go negative because many alice are wanting him to. i mean our team is we're you know i don't i mean the feds look at

different rates and i think there's still plenty of other policy tools that are new and i agree you know negative rates kind of punish banks and lenders of capital now think that's what the fed wants i think the fed wants to make sure that. cost of capital is appropriate we are in the cycle and you know if we could he becomes a problem at the used their balance sheet. medically i don't i don't know if the signaling benefit is free well tom let me let me turn it to these jobless claims that we've been saying the markets definitely reacted some a few weeks ago when we saw the the main numbers and they were lower than it than expected there are still about 44000000 americans who have filed for unemployment we are looking at some some record numbers here what do you expect or what are you predicting to come out from this because some of these jobs may not come back right . you know i mean i'm future is uncertain so i don't really have a projection of fiction about employment market i think you know it's not is to try

to make predictions in that you know in that period when there's no disability surge that's certainly not in our approach and you know for the last 3 months we have not been trying to make forecasts for clients we've been trying to help them understand what's happening in i think the most important thing to keep in mind is . you know the economy shut down there's a lot of jobs lost and how quickly they come back i don't know i think the problem is that people may have is. people trying to project. based on looking at past and a long time you know it's not a normal cycle this is not a capital you know over investment period that causes a recession a disease that shuts down the economy so i don't have a job and i see i hear what you're saying and a very good point there because the ask you hear so many analysts and other you know economists trying just just predict where we're going to go from here whether

or not we are going to see or you are v. shaped recovery but like you say there is still so much unknown but let me switch gears here a little bit on top of this there are trade concerns that are rising yet again the e.u. is now challenging china's trade expansion with a landmark tariff to counter chinese subsidies to these export years what's the story there. i don't know a matter. so i don't have any opinion sorry i don't want to i want to be speaking about things that are not my area of focus anything else that you'd like to add as far as markets here i mean we don't want to predict right but is there anything that i mean we're seeing step by step states reopen go ahead. well i mean i do think that you know. it's you know i've been following markets for close to 30 years now and one of the lessons i've learned so i don't try to tell the stock market what to do i think it's more important to try to understand what the market

is telling us. you know since 10029 we've had 10. equal or a larger maybe 2 than what we saw this year and stocks were. you know that's something that we. very you know you're outlining for clients. more. so now it's. never the markets at all i'm always. which is it the shade on that's how we. yeah i don't know if i could start seeing economic figures i personally do. and even a drone powell has said it's going to be a while a lot of a lot of those who do predict are saying that it will definitely take some time thomas lee co-founder and magic partner of light dot com thank you so much for making time to be with us today. some $42000.00 cruise ship employees remain

stranded at theat some are still battling the crown of arson faction and without paychecks will 3 months after the entire industry shut down because of the pandemic r.t. correspondent john harvey joins the flightless on the fate of the cruise industry john thank you for being with us what more do we know about these crew members who are still stuck at sea. well yeah as you mentioned there they're trapped aboard the ships that are being allowed into various ports because some of them still have an infection rate some of these people have been on board these ships one guy in particular for 80 days i magine that you're stuck on a ship in your cabin in your state room for 80 days you can't get off because the various ports of various countries don't want the ship to come in because they don't want an infection rate or anything the spread in the population that's what we are seeing here in the united states here in miami you remember back in april

late march april the sand them a couple of the other cruise ships that we showed you that were anchored off shore couldn't get in to the ports here in miami port everglades up north because we were in the midst of the pandemic and so the various counties in the state and governor run to sandestin what the ships to come in and then. continue the infection well what i ended up happening with some of the ships like this and then. it was allowed to you know to come into port here in miami the people that were sick were taken off the ship they went to various hospitals for treatment others were repatriated back to their countries and while several 1000 people have some 42000 at last glance and at last look still trapped on some of the ships throughout the world and it's unclear when they're going to be able to get off many are sick they still have 19 others are asymptomatic so that's been a problem getting the adequate testing done getting medical personnel on board the ship so that remains a serious issue but as i mention you know thousands of these crew members have been

repatriated back to their respective countries in fact i'll go through some of the most recent numbers 3 files in carnival cruise line workers disembarked in croatia earlier this month sarah to head back to home and you know various parts of europe and this sea cruises has flown more than 1000 indian crewmembers home on chartered flights that's what we're seeing a lot of these cruise lines doing chartering airplanes jets flying people home so m.s.c. flew 1009 crew members on flights back to europe from europe and south america royal caribbean flew some 1200 filipino crewmembers home last week from greece dubai from some ports here in the united states and also barbados but again at least 42000 crew members remain stuck on board these ships and what we've seen we've seen again the infection rate spreading on board the ships because of a lack of adequate medical care medical facilities medical crews

and also there's been suicides you know just think about it you're stuck for in some cases 3 months now out at sea and you have nowhere to go you're literally isolated to your cabin and if you're allowed out you get to only walk you know that the dak may be you know on board the ship so so it's a very difficult situation for these for. but you know a lot of these poor it's like here you know in florida were very hesitant about allowing these ships in because they didn't want to continue to spread and certainly now that they have a handle on there being some of the characters on the pandemic yeah they they want to remain cautious so you gotta understand that perspective but it is very difficult for the thousands of people that you know the crew members that are on board the ships are 42000 is a huge number john i know that the fate of the cruise line industry is definitely up in the air especially with these stocks in the way it's going and what they're going to recover are to correspondent john heidi thank you so much for that report . time now for

a quick break but stay here when we return new details into the case of while waste . our lawyers claim there was a conspiracy behind her arrest as we go to break here the numbers at the club. the simple things workshops and. public spaces where adults with learning disabilities can engage on equal terms with creative activities like graphics soon ceramics. and joinery. just giving you shit what's it you know what. you know what

justice what did you give one case a couple of. the underlying idea of the workshop is a calendar of which the film thrilled to find julie sings a. to take away then from this hard steel where it's a 2000000000 dollar negative net worth company worth 400000000 and they're issuing international bankruptcy offering fresh deal of stock they take away the news the information the fact is has nothing to do with the current the company it what it says is that the dollar is collapsing the dollar has entered a hyper inflationary collapse and this causes people to run into things like fictitious stock markets as we've seen in zimbabwe as we see in venezuela this is

what's happening in the united states right now as of today. in the troubled 19 seventy's a group of killers rampage through parts of northern ireland that was coordinated loyalists attacks protecting only population of tens of thousands of forced to flee their homes and what was striking to put these attacks was a fear you see the police actually took part in the attacks so instead of preventing they were active participants in the burning of schools streets in belfast at the time more than a 100 innocent civilians women. as to if you can seniors and we found out more i was surprised about the extent and of the currents which the inclusion was involved in some of those cases the killers would lead to be named into the now and we're getting i think it went to the very very top i think it

is. the water where all the tape you walk on and give the go ahead. new documents show that prior to the arrest of always c.f.l. main ones though canadian authorities warned the united states that her arrest would send shock waves through the international community now despite those warnings as we have reported the arrest went forward but now lawyers for wal way say those documents prove a conspiracy on the part of canada and the united states during the arrest will joining us now to discuss is an investigative journalist ben swan bennett break it

down for us what are these documents and what specifically were canadian authorities warning about. yes of these documents were released on friday they show that the canadian security intelligence service essentially warned that if the united states got involved and if canada move forward with the rest in may 10 as you mentioned that this would send international shock waves throughout the world because of the fact that essentially the u.s. orchestrated in many ways this arrest based upon a whole series of steps that are somewhat shocking the fact that many ones oh it was stopped in the airports in canada she was told that security needed to speak to her but that she wasn't in trouble they took her cell phone they took her computer those were search for several hours while she was not given a lawyer and she was not even told that she was being charged with anything and again that what the lawyers for weiwei are saying is that this proves a conspiracy that the u.s. was working in advance with canadian authorities in order to put together

essentially trumped up charges and the reason they say these are trumped up is simply because they say the main one so did nothing that was illegal in canada only would be illegal in the united states and names arrest than it was primarily about violating u.s. sanctions on iran cracked that's right essentially here is what happened was the u.s. authorities have said that while way was essentially working with iran and using banking services to h.s.b.c. with iran and they say that relationship with iran violates u.s. sanctions but what was lawyers are pointing out though is that canada does not have the same sions against iran the u.s. does but canada does not mean long as it was not in the united states she was in canada and was on her way back to china at the time and so the simply the fact that the united states declares something to be illegal and says you cannot work with china and if we find you anywhere in the world even though it's not illegal for you

to be doing what you're doing there or we're still going to attempt to not only have you arrested and held but that extradited to the u.s. and this is. the shock wave issued that canadian authorities were talking about these intelligence services were saying the idea that someone can do something the united states doesn't like and that authorities in those countries will then work with the u.s. to not only kind of entrap and hold that person but will that hold them to be extradited to be punished by the u.s. is fairly remarkable one can't that's exactly what canada did here but let me ask you this ben while way owns the most patents on the next generation by the technology we've reported on this as well new reports now indicate though that the chinese company will get paid there will be despite the trump administration's efforts to actually erase it from the supply in the ban what do we know about that . yeah it's a pretty interesting story so we've been talking about there's a boom bust you know for months now since really the issue of the fact that the u.s. is doing everything in its power to really shut down wall where you special when it

comes to 5 g. technology keep in mind while way is the world leader in terms of 5 g. technology and as you just rightly said is also the holder of the majority of patents in this area so when the trumpet ministration people like secretary of state mike brown paon president himself talk about other countries not using wall way don't know what we build out your 5 g. infrastructure in fact you should be using these other western companies possibly you know swedish companies when they talk about this the reality is that even those companies in many cases this new study says would have to use while way technology and what we patent is therefore having to a while way even though they've been blacklisted on a lot of the allies u.s. allies have are going forward with at least some of their always 5 g. because again in the industry it's known that while way technically is months ahead of other companies build us co-host and investigative journalist ben so on thank you again for your time. online retail giant amazon is facing multiple investigations and possible antitrust charges over its business practices will this

includes the way the company treats 3rd party sellers legal journalist 1000000 barrels contributor with larry king now with more on the accusations that amazon is facing molly good to see you how many that are a geisha is are we talking about here and are they all focusing on the same issues . pretty much there are some nuance differences but basically you have several investigations 2 state investigations out of california and washington of course that's amazon's home state and also you've got the european commission that is looking into some antitrust regulation by aleisha as well and in fact charges are expected so in a nutshell amazon has its own private labeling brand and the european commission investigation is focusing on that in the 2 state investigations. are sort of looking into similar issues but basically what that means is amazon has the ability to collect data on a lot of it's 3rd party sellers like information like who's looking for what how well it's selling and the european investigators as well as some state trust

regulators here in the united states are trying to see if amazon is using that information to boost their own private labeling business as and that's inadvertently or not inadvertently but by doing that they are creating they're becoming competitors with the very people that they are allowing to sell their products on their marketplace so it's about can amazon exist in a dual role as a marketplace and also a competitor to these 3rd party sellers that they're allowing to use their marketplace molly this isn't the 1st time we're seeing this antitrust concerns about amazon operating the retail platform and selling these products have been raised before will we actually see any changes from these investigations. it's going to be interesting it does seem like they're turning up the heat quite a bit because you've also got the u.s. house oversight committee is looking into it has been looking into the very same allegations for months now and so i think it's a sign between this and several other class actions proposed class action lawsuits again coming out of washington amazon's home state over another issue where it's

a defunct policy now but at one point amazon had made it so that its 3rd party sellers couldn't offer the same products at a lower price on another website so that doesn't exist anymore but there are still several proposed class actions that the company is now facing so between that all these other additional state and federal investigations it's a sign that maybe amazon has just gotten too big and now there's going to be some major regulatory reform coming in whether it's against amazon or other companies that have just gotten enormous into powerful so i think we are going to probably likely see i mean how much big could i be but i think you're going to see some real regulation reform come in when it comes to competition in the marketplace ali we have about a minute left one more question though i want to ask you also dealing with some other lawsuits on the what's the latest on the lawsuit filed against the company who sold overpriced masks on amazon. yes that's a big deal these days isn't it just real quick it's 3 am they filed this lawsuit

against a particular company that operated it's based out of california and they operated under various businesses but all over priced selling overpriced masks that were touted as being effective against kobe 19 but they were defective they were damaged not to mention they were way overpriced so basically the lawsuit is now got amazon working with them to identify any price gouging vendors and also turn over some of that data to state and federal investigators so be interesting to see if any of those not that they'll be the overlap but if amazon has to share some of that data it'll be interesting to see what else comes out of that absolutely will keep an eye on that for you molly barrows contributor with america's lawyer thank you again for your time. that's it for this time you can catch. on demand on the brand new portable t.v. on smartphones there will play on the apple app store by searching portable t.v. a few next time.

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