yankee is right now my focus because it's a very dangerous. power plant the owner is attempting to run the reactor beyond its operational limits this case just sort of puts a magnifying glass on where's the power in this country where's it going is it moving more towards corporate interests or is it more in the idea of a traditional participatory democracy is our lie with the people this case demonstrates that struggle in very real ways a struggle on aunty. you can't be both with yeah you like.

this is true but the one business show you can't afford to miss i'm bridge 4 in washington coming up without support bankruptcy in the next few days the fate of germany's largest airline rests in the hands of its shareholders we break down those bumpy ride apple is also looking to switch to self sustainability as it plans to ditch intel chips in favor of it so we dig into the details of the move and the latest innovations from the tech giant with a packed show today so let's go into it right in. and we begin with the big news from the airline industry as we've done as a peer's set to risk. a $10000000000.00 bailout from the german government now this

bailout package had been held up for several weeks as the airline's largest single shareholder dropped his opposition that shareholder billionaire businessman herman thiel had been threatening to block the deal as recently as last month his opposition though has faded as has found itself in a dire situation the airline lost $10300000000.00 in the 1st quarter of this year at the company's shareholder meeting on thursday lou lou thousands of board chair carl loued with clay warned that voting against the deal would mean taking a big risk. you know. we have run out of money to this day we live on the reserves we set aside during the good years but soon we will have used most of it without support the looms in the next few days so the chairman also addressed the terms of the deal which include the german government taking

a 20 percent stake in the airline. yes it's firstly the states stake serves only to stabilize. the states quickest possible withdrawal one stabilisation has been achieved as part of our common business basis secondly there will be no political intervention and lived this business and thirdly the company will continue to meet its responsibilities to all stakeholders for the shareholders the employees for the customers and also for society and the environment. and to take a deeper look at this situation let's go ahead and bring in boom bust because the investigative journalist ben swan now ben on the news of this deal with the shares soared why did more markets actually react so strongly to this news. well the biggest reason they reacted strongly to it is because without this deal. it was essentially going to be insolvent within a matter of days as you heard in that sound bite there who they were really days

away from this just to give you an idea of what this deal consists of as you said it's about $10200000000.00 in terms of a cash infusion into the company but it also allows for 20 percent stake by the government and 2 of the board seats after be given over to the german government as well now we've heard the german government say they're not going to be long term in this that they're going to get out pretty quickly or soon as they can is after everything stabilized but i think there's a serious question here about the issue of picking winners and losers i mean when when government steps in and puts in a huge bailout package for an airline and obviously it's a huge industry but they are putting in this infusion for one airline and then you're saying we're going to take part ownership of the company that doesn't apply to every business that suffer and it doesn't even apply to every industry that's suffering so when you take this kind of extraordinary step i think other industries look at it and say well why did they get this kind of a deal and we don't know ben we just talked about obviously them being on the brink

of bankruptcy losing $1300000000.00 in that 1st quarter of 2020 so so how bad have finances beyond that been for the company and what does this bailout mean in terms of government intervention yeah just to give you some numbers here in terms of what's happening here so the company lost about $1300000000.00 as i think you mention in the 1st quarter of this year one point $3000000000.00 is what they had lost but they were at a burn rate of going through about $1100000.00 every hour that's how much they were losing at the point of this intervention has come so you mentioned at the beginning that that the single largest shareholder for the company heinz or herman theo essential had not wanted to do that he was holding off to do this that essentially did not. the government intervention nor did he want government to take those board seats and get control partial control of the company but at the burn rate that was essentially losing money they found themselves in

a position where there was really no choice here but when you're losing $1100000.00 in cash every hour you're not going to last very long so i think when you really put it into those kind of projections and then you look at the fact that corona virus has reemerged in a number of places it may mean that the airline industry has an even further protracted slowdown and an even longer delay before it's able to come back and that's ultimately a death sentence for an airline like with onza and you know when we're talking about this even with the bailout the airline is actually looking at because of the crowed the prolonged nature of this coronavirus situation we're still looking at significant losses in jobs and cuts totally correct yeah that's right there's about 130-002-1800 extension 00 employees who work for this company and they're looking at laying off at least 20000 people at even with the bailout that may still happen at this point so remember you know as government intervention comes with this it

does not come with guarantees it does not guarantee that people won't lose their jobs it does not guarantee that the airline won't still become insolvent at some point now you would think when you're you know infusing almost $11000000000.00 into a company you're giving it some for lack of a better term runway to be able to get through but i think it's also important to remember that this money is also set up so that dividends are not paid to shareholders and executives are not able to take bonuses on any of this money. that investigative journalist ben swan thank you so much you got it. and u.s. equities have been mostly stable throughout the day surging in the final hour of trading to stay green now most of the forward momentum is coming from big banks which have seen share prices pop thursday after u.s. banking regulators signaled a move to loosen restrictions created following the last 2nd. in a crisis now officials from the federal deposit insurance commission said on a call that they will ease some restrictions regarding the volcker rule now the rule was established in 2010 and essentially stopped banks from acting as hedge

funds and making risky moves with their investments share prices for wells fargo bank of america morgan stanley goldman sachs and j.p. morgan chase all of which are traded on the new york stock exchange saw spikes of at least 2 percent on this news for more on this date us markets and the economy let's go ahead and bring in boom bust co-host christy i want to start with the volcker rule what does this entailed what does it mean to ease these restrictions. like when you said earlier right now the volcker rule that was established it was established in order to discourage banks from apparently taking too much risk and bar them from using their own funds to make certain types of investments and speculative trading activities in order to increase profits but now we're looking at which was an idea that was floated earlier this year this would allow banks to invest more of their own capital into small businesses and start ups alongside with clients so this will loosen up restrictions to allow banks to make a large investment in the venture capital and summer of funds while boyden have

been set aside a bunch of cash for derivatives trades and would potentially free of billions and cap over the industry thereby enhancing liquidity which is something we all need given the economic slowdown so shares of all the major u.s. banks were trading up more than 2 percent thursday after being beaten down with a chronic virus which resulted in surging big falls on loans and last quarter the f.b.i. scene is now set to vote on the what changes that would free up an estimate about 40000000000 dollars for the entire industry as its capital would then be used to help bolster other parts of the business that are being squeezed by co that chrystia want to stay with banks here for a 2nd that we're seeing some consolidation in the industry as national commercial bank which is so largest leader by assets is trying to acquire rival some a financial group what's going on there. well all the banks around the world are being being up by the screen isn't doing fault and right now as you rightly point out the start of consolidation is happening as all the banks have been weakened by

the facts of coronavirus and the economic slump so this is a $15600000000.00 to cover and this is likely to be the biggest banking takeover this year so saudi arabia has been taking steps in order to shore up its banking sector amid the double whammy it's taking from both the slowdown in growth and also to lower oil prices so the saudi arabian monetary authority has already unbelted almost $27000000000.00 in stimulus packages in recent months in order to help but it seems like war is necessary in order to prop up their very well dependent economy especially as a former he has failed to materialize and no christo i have about 30 seconds left but we have so jobless claims reach to an additional 1480000 americans filing for unemployment last week well what do we need to know and what does this mean for the average american at this point. well back in early march and april there the americans were apparently sure that these jobs were and they were a temporary measure and so any job lost it would look a lot worse on paper than it actually was but the problem is right now that balance

that we're pretty much pricing in that's not happening and right now topping 30 percent of americans didn't make the housing payments for june and missed payments our rates are the highest for rent terms and that has traditionally been a very strong indicator in the coming months because once you fall into debt it's a very quick downwards from here so that means july's it's going to get uglier and there's increased concern for addiction notices in the near months boom bust co-host christy i will follow up more on this in just a little bit they do so much for your time. and you. take a look at the global trends in the spread of the crowbars with r.t. correspondents so are were we worldwide so run right now there is more the $9500000.00 cases quoted 19 worldwide and pieces in latin america have also tripled in the past month surpassing 2000000 and 1200000 which are in brazil and

almost 300000 of that in chile and the number of new cases in europe has also increased last week for the 1st time in months while india is almost surpassing the u.s. with new cases and getting to the u.s. i want to point out something that the u.s. center for disease control and prevention said today so the c.d.c. has been looking at and body tests done across the country to see how many people had passed infections that were not diagnosed at the time and now are reporting that the u.s. has probably only counted about 10 percent of the people infected so with more than $2400000.00 officially diagnosed that would mean that another $24000000.00 americans have been infected also means that 90 percent or more of americans have not been infected and are fully susceptible to the virus so right now here in the u.s. at least 30 states are reporting an increase in cases out all of those 13 states of

13 are reporting a 50 percent or greater increase and then new cases are also trending down in 11 states while 9 are seeing steady numbers now specifically 4 states have said new records and these are california. arizona texas and florida and brant these 4 states account for almost 30 percent of all the of 330000000 people living in the u.s. so you can see. this would be so it would be worth some for some but 1st i want to take a look at california which was actually the 1st state to implement a lockdown and now has more than $200000.00 cases and although the percentage up here of their positive rate seems a lower than other states at 7.4 percent it's important to know that just a couple weeks ago they were at 3 percent and right now they're also reporting anywhere from $5.00 to $7000.00 new infections per day for more young people are testing more positive and then in turn spreading the virus to the more vulnerable

population which does require to require hospitalization which is why hospitalization hospitalizations are also up 30 percent and because of all this surge in cases california is this is their land has also now delayed reopening which was set to open later in july now moving over to arizona which is also seeing their high as number of new cases plus its highest number of hospitalizations now their positive rate is 23 percent which has prompted their governor to announce that the state would actually now report as anywhere you opening plans for the next 3 weeks that actually for the 1st time require people to wear a mask now testing has also become extremely challenging in arizona as they're starting to put a real strain on the u.s. tests testing system and move over to texas now they have a 16.8 percent positive rate and if their current case numbers if they continue

their numbers are soon going to rival bills in brazil and the texas governor also announced today that he's going to pause any further phases saree open the state plus suspend all elective surgeries and hospitals in 4 counties after houston intensive care unit started running out of available beds for coated patients and lastly i want to talk about florida which has reported over 5000 new cases for the 2nd day in a row why. now florida is also one of the states that does not have a statewide requirement that mask we warn but with a 20 percent positive rate under testing many are urging the governor to reconsider so all in all simply put brand the us right now is not heading in the right direction our chief correspondent side tavenner thank you for keeping us up to date . and time now for a quick break but here because on the other side apple is looking to switch to

sustainability as a player to intel chips in favor of it so we dig into the details of the move and the biggest move the company is planning as we go to break here the numbers of the quote. i think the biggest danger has come out. i'll just try says it's highlighted. inequality exist and i think one of the 6 that education. changes access to the internet for educational. needs to be i think to this. century. right it's.

what's needed national will discover that it will win the ability to molest that's alessi it is to prevent you. from arguably your own or your partner from work. oh oh. all but us lucifer mistletoe is just that a lot of them to fail. it is not my achievement mr davies our 5 year plans were conceived by lineage and carried out by the people themselves if gallo would producer even floor it with the idea of making a film like this he probably be branded as crazy. now is the sentiment during the war the soviets were brave heroes resisting nazis that's going to change of course after the war but once the cold war begins. little

people think that hollywood is a free place but hollywood is strictly defined by only one side of the business and the other side is ideology. how would i define hollywood is a call to dream manufacture which i think's true but i think equally it's a propaganda factor. he says to add to. the good in each other the. one. that on the better side going to the quickly that means. instead of. the emotion learning to just go out it was to leave the korean missiles from the. busiest of useful. or forgot.

to mention that. we think she minds being. soldier. she's wearing. which to the soul the tooth to move the opposing opinion with in the new i'm going to sure stop in the summer and tell you stories suit us hold. and welcome back earlier this week apple held its annual worldwide developers conference where the tech giant generally announces its latest innovations and the future of its technology d.c. 2020 was the 1st of its kind as it was held virtually as the pandemic continues to

limit crowd sizes as was expected the company and now the latest updates and features 2 operating systems throughout its line of products including the i phone i pad an apple watch as well as new features for the company's wireless air pads but the biggest headline out of the conference was apple's plans to cut ties with processor giant intel in its mac line of computers apple says it will start using the same chick uses in mobile devices to bribe processing power for the next generation of facts on the news apple stock has been. up this week while intel actually lost more than 2 percent of thursday alone so let's take a look at this move from apple with carolina mellon s.c. the founder and principal analyst with heart of tech carolina thank you so much for joining us today of 1st question i have here is how big of a risk is this for apple to step away for one of the leaders in the processing sector. this is in a long time coming as you pointed out and we're taking

a very near future in their own hands with the expertise that they've built over the past 10 years we need to remember to bear chips. into the i phone he's into d r watch. and so you know they have a team of people and they've built a lot of expertise in how it's to be able to make this a success and now in an interview with p.c. gamer publication a former engineer at intel actually said the decision has to be about all of the bugs in the company's sky like processor infrastructure now is this actually going to be a concern moving forward for intel as you know they sell chips to pretty much everybody . and no i don't think that's the case 1st of all i really think that for thinking about risk for a long time and use it now making sure. the link between basilica and the o. s.

the operating system and the hardware is becoming more and more important and he's part of how you deliver and use the rest areas to your users that is unique to you and so being in control of that it's become more important over time and you seen others like mike just of steps in customizing chips. that the market is not being the keynote for if meters now and you know you know centers is where they are cooler or revenue is coming from and where maybe you look at. and now when we talk about w w d c that happened earlier this week what announcements at the show caught your eye . there was a lot i think if i look at trends rather than individual announcements for me there are a couple of things that i really need to consider where i please knowing one senior really focusing trying to. make it easier for i phone users she revealed

that there are. 2 d. out ecosystem with our products and so act not just with the shift to but from the truly user experience perspective and what we're trying to do. arrest and the ability to have us so i'm strong iranian really on a map is really trying to build the. ability for is to merge the 2 and so now you know for many years we always about this tool for an instant are running windows 2 and not running man or as they now are pretty strong shift that discourse if you like to not moving from a p.c. to and not from an i phone to a match and i think that's you just are and the opportunities that we're bringing to our nation share fascinating stuff of course i phone users who are waiting for the next model probably have to wait till september and hear of the latest announcement carolina mellon se will have you back soon founder and principal

analyst at the heart of tech thank you so much for lending your insight. thank you . and sticking with the tech theme here microsoft announced monday it would be shutting down its live streaming platform mixer and attempting to move viewers in broadcasters to facebook gaming now microsoft has been struggling to gain market share in the streaming space over the last 3 plus years against competitors like amazon's twitch t.v. and google you tube gaming now mixer will officially start redirecting viewers to facebook gaming starting on the 20. 2nd of july but we want to talk about this so for more on this and some other news of the video game industry let's go ahead and bring in entrepreneur and video game analyst used to enjoin and who is also the author of one up creativity competition and the global business of video games use thank you so much for joining us today now i want to start with this mixer story we know microsoft pumped a ton of money into the platform integrating it into x. box obviously there's promotion but they really also spent

a lot of money getting the exclusivity deals with streamers some of them who are at the top of their game like ninja enshroud who received as much as 30000000 and 10000000 respectively to move over when they were tapped in from twitch dot t.v. so was the mixer experiment just a huge failure from microsoft. that's a good observation i think you make a lot of sense when you compare them to the other with microsoft. why do you think they also experience mobile they were too late to the game and they spend that much money but doesn't really get to market should they need to be clear what's different this time around is that richard fisher and historically microsoft as we've hard time kind of you know giving up this habit of chasing a bet that's exactly what they did they looked at it and they i think rightfully just started off rather than spending in a couple more 100000000 something that's not going to go anywhere nearly amazon runs the show and clearly you tube and google state are you know are on their own

ground and they have most of the market share. so there is no real place for microsoft there and then you know as always in the center 10 seconds you either win or you die and you have to wonder how much this may be had to do with obviously this holiday season we're going to see the next generation of video game console the x. box that has their series x.i. back here and in reality when you're starting to build that infrastructure would you start to put the software in there and get everything put together well it's hard to build things around a streaming platform that you just don't think you're going to hold onto so i wonder if that has to do with it as well i mean why is it just that they were too late to the game is that why you think that they just weren't able to make any market share because we've seen especially amid the pandemic year over year in april of this year you tube and twitch dot tv both doubled their streaming capacity and that timeframe and mixer didn't move at all that's for so many ways.

lives and the people watching other people play the games on the internet that's been off and it's amended some of the numbers and so you see this of course the same quarter unequal the same month of april last year want to continue to doubling their. just a number of hours and you know microsoft has been unable to kind of emulate or replicate that level of success so what they did well by what was a hopeful attempt was to figure out can we purchase something exclusive like ninja and have them come over to the platform and attracted to the crowd with the i think the missed underestimation or as if the mistake that was made in the strategy said that people who really follow titles and up the celebrity of certain streamers or he's critical to some degree but really the fans of the game they want to see that they want to hang with their friends and they want to talk to their other loyal customers no contacts so it's all there's reason to see the community play more of

a celebrity at this stage and i think microsoft just kind of missed it on there but the number as you point out correctly they've been ups significant i don't want to touch on something quickly before we head out here a video game juggernaut for tonight has been holding 'd in game concerts recently and they are also holding a movie night on friday of this week i got about 10 seconds for you here but how big is this using video games as a promotional tool. tensile as does into the future in many ways younger audiences are going to be watching online on their phones are going to be doing this to get their friends and so music video and other segments that are opting out of time reaching that audience are going to lie in gaming to get access to that on its. print or in video game and if you spend your on it sorry to cut you short thank you so much for joining us today. thank you and that's that for the 5 catches up portable t.v. .

as the culture war rages on it baited the billionaire class is only getting wealthier their wealth has iraq to 20 percent or $584000000000.00 since the start of the pandemic slash lock and how will this fact to come to the country and is a time to. underclass in the north. become a battleground in the u.s. in vermont people are demanding the shutdown of a local plant for my yankee is right now my focus because it's a very dangerous. power plant the owner is attempting to run the reactor beyond its operational limit this case just sort of puts a magnifying glass on where's the power in this country where's it going is it moving more towards corporate interests or is it more in the idea of a traditional participatory democracy is or powerline with the people this case

demonstrates that struggle in the very real ways a struggle. for a street party in london breaches antique ovid rules and ends in clashes with police we visit the area to find out why tensions flared. and so when we feel as if we've been targets here for me i will return to the normal part peaceful of the people they will retaliate. new york sees this heist the shootings in nearly a quarter of a century the cold comes as an anti crime unit was disbanded following demands to defund the police by black lives matter protests. and so produces a skin whitening products come under fire amid claims that the goods are racist major companies have now renamed the browns or pulled them from the shelves completely we put the issue of the but.