john a unit that has this cladding on it for example so there's that stress as well i know the government has committed dollars or i should say pounds toward this but those monies are not really rolling out and so that's obviously of real concern so that would be one of the questions my successor would be asking the government of the u.k. like ok how can you get this program to roll out more swiftly to ensure that everyone's lives are safe especially in the middle of the people are already dealing with such stress and then to add to to to their stress this issue is just too unfortunate of the top of the our colleagues from america will take sight from getting here in london to buy. the removal.

straight home to. the bus the one business show you can't afford to miss. in washington coming up u.s. marketplace higher on monday after friday sell off we'll tell you what's driving markets up and amazon were held for a tro on strike in germany after employees voiced their concerns over prone a virus infection show today so let's go and dive right in.

data from john hopkins showed the crown of our surpassed half a 1000000 deaths over the weekend with more than 10100000 and factions worldwide while the overall death rate has flattened in recent weeks health experts are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks and april 11th with 85 new corona virus infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and as the european union opens its borders the european commission declined to comment on the list of countries whose citizens will be allowed to enter the e.u. in the coming days. i'm not going to speculate on what is going to be the final decision by the council of course understand the huge interest that this

issue raises. but for the moment do is a process of decision making process in the council. and we do not want to speculate on what the final result will be and amid a spike in coven $1000.00 cases britain is now considering a lockdown for the central english city of luster marking the 1st time a particular region would face extreme measures meanwhile states across the u.s. are seeing a resurgence of cases 12 states are pausing reopening cases surge with more than $45000.00 new infections reported in one day only connecticut and rhode island reported a decline in new coven 1000 cases while arizona texas and florida are the latest epicenters well california governor gavin newsom ordered bars in los angeles and other counties to close due to the rising spread or president trump still refuses to wear a mask vice president mike pence well he's now urging residents to wear face masks

especially younger americans. if your local officials in consultation with the state. are directing you to wear a mask encourage everyone to wear a mask in the affected areas and where you can maintain social distancing. wearing a mask is just a good idea and it will we know from experience. will slow the spread of the corona virus. global markets are reacting to a possible resurgence of new coronavirus cases which it could we be thing affected way before the fall well for more in the market analysis channel tata horowitz chief strategist of the trading and editor for logical investor sean highland gentlemen thank you for joining me today todd let's start with you the tech sector seems to be lagging industrials seem to be leading on this monday the dow jones popped early on monday jumping around $400.00 points this comes this obviously rebound comes after

a major drop that we saw on friday bubba what's driving this rally is it just pure optimism and how does this contrast with what the state of these renewed lockdowns that we're seeing across the u.s. . why there's a lot of things driving the market the 1st thing is the same old federal reserve put that's underneath this market right now the only place to invest right now but i think what's really driving today and what it will probably drive tomorrow is we're at the end of the quarter end of the month and then russell's going to rebalance tomorrow so typically this could be you know it's still a reality that can continue i would think it's getting a little a little frothy up here but at the end of the day you know you can't really fight the tape you can't fight what's going on and you know we've still see markets they're really just churning up in a pretty wide range they run up to the top of the range that come back that about a range and go right back up again so really it's more of the free money but this particular rail at think is more because fund managers want to get their there and they want to make sure they get in and they want to make sure their books look good

going. in the 3rd quarter or so i think that would be the biggest thing that i would look at is the overall way the end of the quarter and most of the month is coming in which is typically fairly bullish anyways white house economic adviser larry kudlow was was just on the n.b.c. talking about how he's still expecting that v. shaped recovery we've seen it go up and down for last couple of weeks i mean we're in we're going into july now and more states were expected to reopen but we're not in a fairly thing that sean let me let me turn to boeing that had a really big impact today it popped more than 7 percent at the open where do you see this aerospace giant going from here. will. in the near term there is a lot of momentum on it there's day traders on it there's all kinds of things you know pushing it up near term and i think that momentum could continue near term declining today moving average probably hit that and then and then come back off of it i think there's another leg down for boeing a lot of its customers are broke you know the airlines warren buffett has dumped

them he's got a lot of concern with the airlines and i think that's a big issue because there was something drops a lot he made more of it you know not dump it and he dumped those so i think that's a big concern some really not looking to invest in boeing anytime soon it would make the kind of biological investor stocks it gets slammed down again and gives us a little bit more of a margin of safety maybe so well and that's possibly what what we're seeing looking at todd let's take this overseas let's look a broad hop across the atlantic ocean and check in on some european stocks the end x. is pushing higher it's still struggling as a coronavirus does continue to tear across the u.s. and those markets are reacting to that what could we see in the european markets given the they're reopening as will likely be much faster i mean they're already starting to to see to open their borders some some tour of them could be opening of the e.u. bloc to some travelers drive the rally even further. you know i mean again they're in the same position we are there there's so much money available. so little cost

that it makes sense to invest plus the fact that they're much more beaten down than we are i mean we're basically we're still near our all time highs so they've been they've been hammered much more over time and listen there's a lot of people here that are looking to invest there plus their own investors are they again you could see these realities exist longer and that only goes back to the central banking systems willing to do is they say whatever it takes so they'll continue to print money keep interest rates lower 0 or negative and that will that has to propel markets because there's basically no where else to put your money i mean again i don't think is not a fundamental reason that i do want to be jumping in here i think that all markets were probably well overdone but again you can't get in front of it you've got to let it react 1st before you start to try to sell it in my opinion there seems to be obviously a lot of stimulus a lot of help from the from the resources they have now i want to change a little bit and start with you shawn the supreme court made

a ruling here in the united states stating that the structure of the consumer financial protection bureau is unconstitutional essentially what this means is that the organization cannot continue to operate but its leader can actually be removed or even fired at the will of the president what does this actually mean going forward for consumers and what does this ruling mean for the future of these financial watchdogs. yeah i mean i do think they need somebody overall but i think it's a facade to think that it won't ever be influenced by politics i mean you know 2008 happens in there instituted by president obama and warren as political and then the latest appointee is trump you know put that latest director in place so that's political and so i don't think you can take it away from a political influence and my answer is probably a little bit more controversial but i think that a lot of these bureaus in committees and things like that really don't do a lot of good they're placed there for political reasons to appease the public thinking that ok now they're doing something that won't repeat itself in the future

but it doesn't stop the war card from happening it didn't stop the rift go ethics is back in the day and and this here won't stop something in the future from happening either todd what's your take. and i think these organizations are ridiculous and again they may have a good purpose if they actually ran correctly but they don't ok i mean again between all the financial regulatory bodies out there nobody runs it the way it should be because they know they have the taxpayer to bail him out later it's there's no protection for anybody because again you took on the limits of the banks right now so you have you know they're lending out which is really creating new money which is going to create a bigger mess i mean you know these guys would actually do something if these were going to actually handle the things correctly and handle the regulations the way they're supposed to be they'd be good but the weather right now they are just political organizations that have been abused as pawns in a much bigger picture well it's definitely always and always seem to turn that way right political and where they're going to get bailouts everything is going to be

fine they're going to be saved and that's exactly what we're seeing and who knows how long still this will last because we are seeing the volatility continue taught her what's chief strategist above a trading and shawn hyman of the logical investor thank you both so much for your expertise and your time today. thank you. amazon is facing backlash in at least 40 hours of shutdown in germany as workers have gone on strike after staff at warehouses they've tested positive for corona virus will workers at 6 of the company's german warehouses are striking on monday and tuesday they're saying that the e-commerce giant is placing workers at risk and even endangering their health in a statement german labor union rep stated that amazon has so far shown no insight and is endangering the health of employees in favor of corporate profit well joining us now to discuss. co-host and investigative journalist ben so on ben this sounds familiar i feel like we've talked about this before a 48 hour strike though it's not very long what do these workers hope to accomplish

. well it's not very long 48 hours is obviously just really a kind of a shot across the bow with if you will for workers essentially to say the amazon we need to. to get into line and to treat us the way that they feel that they should be treated it is a big deal in germany though you have to remember that germany is amazon 2nd largest market after the united states so it could have a huge impact at least on delivery times and again we're talking about 6 different warehouses across the country the question will be this sara whether or not this move by german employees who are striking will will catch on in other places including here in the u.s. where more workers may strike especially now that we're seeing a resurgence of cove it you know in in germany the union is claiming that 30 to 40 amazon workers have contracted coronavirus inside of the warehouses amazon says that they're doing everything they can they have hand sanitizer masks and gloves everything that's needed and yet people are still contracting the disease there so

it'll be interesting to see how this plays out in other places as well on amazon have come under fire not only in germany but here any night at state over these warehouse conditions right during the crown of a if the company is also face that criticism over how it handled it workers who speak out right now no that's that's very true keep in mind amazon has fired 3 workers who essentially have spoken out about the company and the conditions there one of them they said was violating social distancing 2 of them they said violated centrally corporate rules that say you're not allowed to talk about the company to anyone and so they essentially fired to warehouse workers who were trying to organize and then remember there was a v.p. who actually stepped down from amazon recently saying that the way the company goes after people who do speak out about business practices creates a chilling climate and didn't want to be a part of it anymore so we are seeing a reaction from people who have been involved in the company who are walking away from the company amazon is

a behemoth there's no question about it there is no reason i don't think in most people's minds why you can't treat workers better than they do and it's they're almost a caricature of themselves in terms of being like the big corporation that doesn't care about the workers. well this whole issue of firing workers it's huge where has this happened and what has been the fallout. well i think the follow has been obviously the more and more workers have been pushing back as i mentioned there have been 3 different workers who have gotten fired recently the question the again is it really going to come down to whether or not workers will get better representation in terms of how they deal with amazon whether or not there's going to be a kind of a new push for unionizing here in the u.s. other countries have it germany obviously has unions they're not specific to amazon it's a larger union for retail workers that's who's representing the workers in germany right now but i think there are big questions moving forward about how amazon continues to carry itself and whether or not lawmakers at some point will have the

guts to step in and say is amazon violating the law in terms of when someone attempts to unionize when union workers attempt to strike and those individuals happen to be fired for supposedly unrelated reasons whether or not there is there are laws being violated and so i think that we're kind of coming to a head on some of these things but especially right now when there's so much attention on a company like amazon that is providing a lot of very necessary goods for people who are stuck at home and they are and people are still turning to them so i don't see them going anywhere unfortunately their workers are getting sick overseas now and here in the u.s. i mean like we mentioned there have been workers getting sick not enough implementation of safety and there are just a mishandling unfortunately the situation remember we spoke about how they weren't even informing their warehouse workers about their employees who were getting sick so i'm sure this situation isn't going anywhere whether or not other countries are

amazon warehouses will follow suit will yet we have yet to see but i'm sure we'll have more to talk about the best co-host and investigative journalist than swan thanks again. so it's. time now for a quick break but stay here because when we return boeing driving up the dow is up after the 1st 737 mock certification flight took off natasha we will join up with more as we go to break here the numbers that but.

you cannot be with me yet you're like. oh. i don't know correct. no shots. actually. let's. go 1st to. switch your thirst for action. from. the.

pharmaceutical giant bayer has agreed to pay out more than 2. $10000000000.00 to settle lawsuits by round up users in the u.s. who say the week killer caused their cancer the agreement will bring an end to most of the lawsuits the company now faces but it doesn't mean they are is off the hook for future lawsuits well joining me now to explain is that legal journalist molly barrows contributor to america's lawyer what are the terms of the settlement and does this mean that they are is now admitting liability. hi sarah well of course they're says in no way shape or form does this mean that they are admitting liability there in fact fighting 3 individual verdicts that happened that they basically got verdicts against in the case of other individual people who say they got cancer from using round up in particular there's an active ingredient that they're focusing on so no they're not admitting liability but in this settlement which they have agreed to they're basically going to pay between $9.00 and $9.00 and a half $1000000000.00 to settle roughly 75 percent of some $125000.00 lawsuits and

also as part of the settlement there they're going to have to pay about $1250000000.00 more than the militia $1000000000.00 to fund a scientific panel of independent scientists who will take a look closely at round up including that specific chemical glycine fate and determine if it does cause cancer and that's where things start to get interesting with the settlement how is this research going to play a role in into the settlement. well that's what's so interesting really about this because essentially it's going to take their say in about 4 years to form this panel to get this research off the ground and if they find the glass of faith which is the active chemical ingredient in round up which cancer patients are saying is causing their cancer and which also makes the product so effective remember this is the most widely used pesticide in the world so it's impacting people across the u.s. as well as agriculture and other activities around the world so basically if they

come back and say life of faith is cause is carson a jack meaning it can cause cancer then they're going to face potentially more lawsuits if they. come back and say no anna doesn't cause cancer then basically anybody that you know they they're not going to be able to sue anymore because they're going to say this is it so this money that's been set aside will be for anybody that filed suit before june 24th if they come back 4 years from now in the scientific panel says hey you know what we do think that this does cause cancer then it's going to be wide open again think of todd's century face a whole flood of new lawsuits one it's interesting to see who funds those studies right where does the money come from and what they're trying to find them and manipulating some data perhaps but what does science actually say so far about life to see. well you hit the nail on the head sarah there's always questions about who dues who does the studies who's funding them and there's a lot of controversy even around whose side the e.p.a. is on there are government agency you know assigned to protect the american people

basically from corporations that would take advantage and use their might to push bad products or potentially dangerous chemicals down our throat if you will nest part of problem with glycine fate you know it's it's the most widely used pesticide in the world as i've mentioned before monsanto originally introduced this product into the environment if you will but it didn't really take off for a couple of decades it was back in 171 now it's widely used and in fact bear which bought monsanto has a product that they call roundup ready seeds which are spread all over the world they basically are you know engineer to be resistant to roundup so there's a lot riding on this and there just aren't a lot of studies so bear and the other attorneys are basically saying hey it's going to be good we're going to find out this definitively if you will live to fade as a carcinogen but again you know there's always a lot of question about the e.p.a. the world health organization had said for instance that they thought it was

probable that guys a fake was a cancer causing chemical whereas the e.p.a. said it's alright with so widely spread whatever harm it does to the body is acceptable which resulted in actually a couple of lawsuits that the e.p.a. faced from food advocacy groups as well as environmental groups so you know both there and the plaintiff's attorneys are going to have a say in who's who chooses the scientists that are on this panel but again it is a wise decision to take a close look at who's being selected what kind of research they've had who's funded that research in the past because as we've seen with other cases sometimes that data is manipulated and they put forward what they want not to mention during this 4 years this product going to be able to stay on the shelf so that's good news for bear isn't it while they can say hey we're standing by our product gets to stay on the shelf as long as scientists are. trying to figure out if it's cancer and a lot of mixed information coming from e.p.a. a.w.g. it'll be interesting to see where it goes from here especially because we know that some countries have indeed banned the product the herbicide will keep following it

and see where it goes from here molly barrows contributor with america's lawyer thank you again for your time today. despite the global pandemic and 2 fatal accidents boeing me 3 there 737 max jetliner with passengers in the near future while the federal aviation administration is working to help certify boeing's newest plane which has reportedly made improvements since the jets were grounded across the globe so what does this mean for the company's revenue stream. live at the los angeles international airport with the details natasha. yeah that's right you know the f.a.a. is ready to fly the boeing 737 confirming those test why it's could began as early as today and now we're seeing the market responds in their favor 800 boeing 737 max jets that are grounded but according to reuters media report it may not stay that way for long in an email to congress the f.a.a.

said its type inspection authorization board completed its review clearing the way for flights of the case and testing to begin and that e-mail says that that could start as early as monday in response boeing shares are on the move their stock is up again as much as 11 percent in today's trading and experts say investors should also keep an eye on airlines which fly the max including american airlines and southwest supplier general electric is also one to watch as they make the engines for the max well these planes have been grounded for 15 months following 2 thehotel accidents that claimed 346 lives the tragedies occur in just 5 months apart one in october of 28 the other in march of 21000 that damaged the plane maker. 103 year history the catastrophe led to congressional hearings which examine methods the f.a.a. used to approve safety measures for new jetliner designs and just days after the 2nd crash boeing launched

a software revision to fix the automated flight control system called m c a s well that's a system that reportedly misfired causing both of the jets to take nose dives while flying now after the f.a.a. and other international regulators became involved boeing has improved several other features they've also agreed to relocate electrical wiring in the cabin to avoid short circuits and if everything goes as planned and faster as they may shift their focus to pilot training and certification by non-u.s. authorities then they can determine just how to reintroduce their airlines amid this global pandemic and now you know officials say that they're aiming to have these planes returned to service by the end of the year but the macs may have many more tasks and a lot more to prove before jetliners can fly passengers once again reporting that l.a.x. sometimes just sweets are too. well that's it for this time you can catch boom bust on demand on the brand new portable t.v.

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thinks. we are here to ask. 54 jets and more than 1300 military personnel are headed to heal some 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 russia. 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 with rick sanchez where. you know as we always like to say we do believe badawi it's time to do news again. but a quick history lesson in economics you know people talk about socialism what is socialism business idea that labor as a value and that people want to take part in the means of production and guess what starting in the 1980 s. that became obsolete because all wealth was tied to money printing today 2020 so that would be 40 years later and this phenomenon 1st so-called activists and labor rights activists and workers are bigger and now that the problem

is not the means of production the problem is the money printers and they're taking action. hello there i'm the one chance you're watching in question broadcasting from our national news headquarters in washington d.c. we want to welcome our viewers from across the nation and all around the world here are today's top stories 1st china passing sweeping legal changes in hong kong taking aim at anti-government protesters there a move not sitting well with u.s. officials will report straight ahead plus the baltic nation of latvia is banning this very network from broadcasting in their country claiming r.t. is quote controlled by an e.u. sanctioned journalist well they kind of got that totally wrong put it we're going to discuss that next with our guest then it is.