company we bring you up to speed plus going to bank has been slapped with a fine for its association with the late jeffrey epstein but will it make a dent in the company and later brazil's president has tested positive for the coronavirus is the nation has surged to become one of the new epicenters of cope at 19 we take a look around the globe to check on the spread of the virus with a packed show today so let's dive in. and china's new national security law is having a huge impact on businesses and finance in hong kong as we have been telling you the new national security law which took effect on tuesday is aimed at banning secession subversion terrorist activities and collusion with foreign forces to endanger national security now but now it appears that millions of companies that do business in hong kong as asia's financial senator could be in danger of violating that law now that could mean penalties ranging from fines to having funds confiscated china's ministry of foreign affairs says that those who follow the law

have nothing to worry about. hong kong's national security law regulates more taps of criminal acts that seriously endanger national security punish a very small number and protect the vast majority the rights and interests enjoyed by a large number of hong kong residents and foreign institutions and personnel in hong kong in accordance with the law will not be affected in any way after to enforcement of the law the legal system of hong kong will be more complete the social order will be more stable and the business environment will improve which is conducive to the prosperity and stability of hong kong but chambers of commerce are warning that businesses could violate the law without even realizing it that includes supporting any nonprofit or profit or charitable work that is deemed to be a violation of the law joining us now to discuss this bus co-hosted investigative journalist ben swan and geoffrey tucker the editorial director with the american institute for economic research thank you so much for joining us both of you ben i

actually want to start with you in terms of what is happening with hong kong what are we seeing from business owners and how are they responding to this. well i think everyone's kind of responding to this as if they're walking on eggshells right you have to be very careful because again that the terminology that's being used quite frankly to describe this national security law and the things that it's putting down secession or anything that violates national security or creates. a dangerous essentially thought crimes if you will or speech crimes if you will means that you don't really know exactly what constitutes a crime and what doesn't the other thing that's important is that hong kong police are not the ones in force in this it's being enforced by beijing so we already see like for instance there are some shop owners in hong kong who there was one in particular who has a clothing store he had a statue with centrally set up inside of a protester to kind of recognizing the protesters who have been pushing back against the government there and calling for government reform immediately taking

that image down in his store as soon as this law was passed on. tuesday because he knew that if that happened he could face penalties for it so essentially it's a totalitarian approach to say if you say something that the chinese government deans is being a national security threat we can find you we can confiscate property we can essentially take away the funds that you make as a business it is a chilling atmosphere i think for merchants working and business owners working in hong kong now jeffrey how do you actually see this i mean i mean the law is is could force certain businesses especially western businesses to avoid hong kong will this law and hong kong's dominance as asia's main financial hub because officials there are saying it's going to be good for the economy. you know i don't i don't know for sure that it's going to be good for the economy the problem is under the china model you have supposed to be able to have political totalitarianism and free markets but we've not actually seen that work in china and

and i don't think it's going to work in hong kong either i think this is a grave threat actually to hong kong's future and the real tragedy to me is that the u.s. has given up all leverage over the situation by escalating. the problems of china like our relationship is terrible and china's use in the annoyance and anger at the u.s. to move the n. on hong kong and actually threatens you know this beautiful place that's been striving for so long and actually i think it's an existential threat to hong kong and to the businesses that are operating there you know jeffrey i actually want to clarify what you're saying there so you're saying that because we have these tensions may be over why are way over a trade deal over economic situations where the china that that actually reduces the u.s. is ability to actually weigh in on this situation to be taken seriously look i think in many ways the blame for what's happened in hong kong right now is really should be addressed in par with the washington d.c. i mean for 4 years now it's been one attack after another has been tariffs we've

been been driving this wedge between us and china and that's made china annoyed and and it's broken down our influence the collegiality the character has of the relationship between us and china 10 years ago has as led to these increasing hostilities and made china's government a little bit paranoid about anything that seems to be pro western so we're actually reverting back to a kind of a and or you call it a like in 1000 forties or fifties model and you know the attacks the attacks on what about huawei have been completely outrageous and free sad to me because the u.s. has failed to back the movement of private enterprise and china rather has punished . for a attempting to adopt a western style free enterprise or enterprise model and i think it's been a disaster yes i do think that the washing d.c. in the in the trumpet administration particularly bears some blame for have an

escalated the tensions just systematic a month after month after month for years now and this is where you see now the u.s. has absolutely no end but i want to move on to kind of another aspect of this we're seeing social media companies responding to the law facebook microsoft google twitter and zoom of all announced that they have suspended products the processing of requests for user data from the hong kong authorities while they study the new law now meanwhile chinese after tech talk says it will stop operations in hong kong as well what do we need to know about this situation with all these social media sites yeah i think it's kind of funny that facebook and twitter are acting as if they are putting some brakes on what the chinese are doing essentially facebook and twitter about to get kicked out of china completely and they're trying to exist in hong kong what's happening there with the tick tock it's really interesting because tick tock obviously it's the fastest growing chinese app ever growing at an enormously fast rate we just saw a band in india but what's happening in specifically in hong kong is that talk is no longer going to be available as we know it as to talk in hong kong but the

company that owns take taught by dance actually has an identical version of tic toc that is strictly for chinese and it's not an english version that is what exists currently on the chinese mainland so that service is now available in hong kong so essentially what dance is doing is they're treating hong kong like the way they treat the rest of the chinese mainland in terms of lack of access to those western influences and very quickly i think jeffrey is exactly right in that china while it seemed like it was opening up more to western influence over the past couple of decades now seems to be in rapid form closing ranks and moving away from that and this example of social media i think is a good exam. apple of that you know jeffrey i want to get 2 to one more here speaking of tech talk secretary of state mike pompei oh so that the u.s. is looking at banning tick-tock and other chinese apps is this something that you believe could happen at the top administration continue this battle with china that

you actually just mentioned. you know the next you know the corona thing came along we were banning science from europe of cracking down with the lockdowns and and the crazy thing is that now the idea that we're going to have extreme protectionism about the single most popular app among all the under 25 year olds is is unbelievable it's inconceivable and also get away with it maybe it will attempt ministration seems to know believe there's no limits what they can do but when if you're looking for a silver lining to this it's a way to recruit the entire young generation into a pro free trade. but i think the panic that's kind. of going to. settle in on all 20 is under 25 year olds it's just inconsiderate to go out in the streets. jeffrey tucker and ben swan thank you both so much for taking the lead and great a little levity to the situation as well thanks so much. the u.s.

treasury department on monday released the names of more than $650000.00 companies received p.p.p. loans as part of the $520000000000.00 program intended to prop up the economy as stay at home order shuttered businesses throughout the country now this is just a fraction of recipients of the loan as the government only identified those who were approved 415-0000 or more now according to the data while most of the loan seem on the up and up some of the companies and industries that received loans raise some questions nearly 600 asset management and private equity firms which allowed most of their employees to work from home received loans from the program while rapper kanye west yeezy brands which produces clothing and high dollar sneakers also received a loan of between $2.00 and $5000000000.00 and the list of head scratchers really goes on and on including large chain restaurants like p.f. changs and t.g.i. friday's billionaire west virginia and virginia governor jim justice's family business that work in the coal industry the girl scouts political advocacy groups

and even modernist sculptor jeff koons so let's go ahead and take a look at the distribution of p.p.p. loans and how markets fared on tuesday with our friend tobin smith c.e.o. of transformative research tobin thanks for being here today. good to be with you now what do you make of this data released by the treasury department is this a misuse of the program when we see sculptors and restaurants with hundreds of locations receiving money or is this just business taking advantage of opportunity afforded to them and really being creative with paperwork. well i think if you go back to the beginning of this is that i've to my knowledge we've never had a type of grant that went to a business and said if you. began with 80 percent of this money goes to paying salaries that you can will forgive this loan now they didn't say who couldn't do it number one number 2 i mean i hear people are moaning about sidwell friends up in washington d.c. oh that's a leftwing school or by. washington these private schools getting the money they're

big employers number one number 2 they employ you know the number of employees they have then you know by dry cleaning and by fast food now there's a ripple effect here so i don't think it makes economic sense to go after a large company or a private equity company for that matter and say hey wait a minute you know you're a big moneybags guy this money is all supposed to go to small guys on the other side of it those same 660000 above $150.00 grand that was 3 out of $4.00 that was put out so if the goal was explicitly to keep it to true true small business then we totally failed by the way i want to clarify that it's to between i apologize let me look at the number here to kanye west received millions not billions of dollars just i had a good idea i'll give you a call right now i do apologize to get him on the line but the but the point here is toby into what you're saying is so is that a messaging issue with the whole situation because more so they said these were small business loans but now they're going to these giant firms when that really

wasn't what it was it was just a messaging issue. right now and they stood they then follow up with this main street lending which is a different program there's also emergency group credit scuse me emergency condition grants which are like $10000.00 of free money i mean the goal was and it was accomplishes that we had to push in fill it this giant hole that have been created sink hole in the gut in the economy otherwise those ripple effects would just turn into a tsunami of facts so it has accomplished that but like anything else if you throw something together quickly and you have to get people in congress and senate to vote for it quickly they're going to do act 1st and they're going to figure out later i think when we get to the next to the list and it is coming certainly by the end of july there's going to be at a lower number is mitch mcconnell kamel said let's really get it to the under $45000.00 your households because they're the ones who are actually going to be thrown out on their arses if they can't pay rent and i don't think having

a nation of 6 to 10000000 new homeless people many with children is is what the greatest country in the richest country in the world wants to see happen but i want to hit one other point here quick before we go markets fell today after a pretty good run over the last week citigroup analysts said monday they didn't expect markets to be much higher from their current levels at this time next year and you've said we're trading on 2021 we're trading on 2022 has your outlook changed at all. no it hasn't been we're sort of co bit on ko bit off days right but the market his is now pricing in the fact the good old america will not go back into this lockdown mode you're never going to see that again it's not politically palatable at this point so if that then we're going to have higher rates and we're just going to have to live with that because because the alternative is too painful for all involved and that's what really i think the markets are voting on and so you look at any time you have a market go up a strange is it has now you've got to have days to cool off otherwise that thing

really blows up with c.e.o. of transformative research always appreciate you coming in and break it all down for us. thank you brother. time now for a quick break by here because when we return brazil's president has tested positive for the coronavirus as the nation has surged to become one of the new epicenters of covert 19 we take a look around the globe check on the spread of the virus as we go to break here the numbers of the quote. time after time repeat the same mantra sustainability it's very important. transitions to sustainable price board sustainability. a more equitable and

sustainable well. they claim their production is completely hama's. companies want us to feel good about buying their products while the damage is being done far away and this is something else just. to do. so when. the world is driven by a dream shaped by those great. thinks

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some rumors isuzu. search is going to be. the. number you. remember the just came up with if it didn't feel that oh. antarctica is a very international community i. mean you strain to try to cling. to this to keep it as the. need to eat. those who pushed them at the will to use the newkirk of brazil so their nuclear cooperation in antarctica is everything produced polluted with it if one comes to do with the above the. flood they have that would affect all day but i decided not to take this life. with

my good to you that. and welcome back new york regulators have deutsche bank in their crosshairs due to the bank's relationship with jeffrey epstein r.t. correspondent john but he is following the story. joyce of bank agreeing to pay the state of new york a $150000000.00 fine for sketchy financial transactions related to jeffrey epstein new york state department of financial services superintendent linda lacewell saying in a statement quote deutsche bank failed to adequately monitor the activity of customers that the bank itself deemed to be high risk in the case of geoffrey epstein in particular despite knowing mr epstein's terrible criminal history the

bank inexcusably fail to detect or prevent millions of dollars of suspicious transactions lacewell said the bank processed hundreds of transactions totaling millions of dollars at the very least should have prompted additional scrutiny in light of epstein's history including payments to individuals publicly alleged to have been abstains coconspirators in sexually abusing young women settlement payments and more than $7000000.00 and legal expenses of epstein and his coconspirators of more than $6000000.00 payments to russian models hotel and rent expenses and consistent with public allegations of prior wrongdoing payments directly to numerous women with eastern european surnames along with all that suspicious cash withdrawals more than $800000.00 over 4 years deutsche bank had a financial relationship with abstaining from 2013 to 2018 and according to this consent order to assure bank was aware of suspicious cash activity throughout the

relationship and the bank continued to maintain the relations. ship for years despite additional red flags the bank cut ties with that scene in 2018 after the miami herald published its investigative series about epstein sordid history and questionable prosecution under the contentious 2008 plea deal the statement doesn't name any event scenes coconspirators f.b.i. agents and n.y.p.d. detectives arrested gilling maxwell in new hampshire july 2nd on charges of sex trafficking minors and perjury she's long been accused of helping to recruit and abuse the young women and girls epstein allegedly abused for many years some of them as young as 14 years of age maxwell is currently locked up at the metropolitan detention center in brooklyn on 24 hour suicide watch one of the big questions what incriminating evidence to she potentially have on epstein's rich and powerful friends who have also been accused of being involved with his nefarious behavior

federal authorities are intent on keeping maxwell alive to answer that question and many others on like they are able to do with that scene for boom bust john harvey and brazil's president gyre ball so naro on tuesday announced he had tested positive for kobe 19 the brazilian president has faced criticism for downplaying the situation regarding the virus in his country for months and continue to do so and speaking about his diagnosis on brazilian t.v. . everybody knew that sooner or later code 19 will reach an important part of the population a lot of people like me for example if i would not have done the test i would not know about the result that was positive. and let's take a nother look at the spread of the virus with our 2 correspondents are a tablet or so i worry worldwide so brenda's where we are right now global cases there is more than 11800000 confirmed cases global deaths at least 543000 in the us there is more than 30000000 confirmed gay says while

at depths there's more than 133000 and i want to start with latin america that's again seeing a huge surge in cases and brazil right now is only 2nd to the u.s. and number of infections and that's where more than 66000 people have died of the virus in brazil and almost 1640000 cases have been confirmed so far 21000 just in the last 24 hours and it doesn't help when president also narratives encouraging the country to reopen even as the number of cases are going up and brand while the president can afford the best health care in brazil to treat him it's the country's poorest that are struggling to access proper medical care and because brazil has a deep inequality and depend demick has had poor communities the hardest for most people even like running water and are cramped in housing so isolation has been impossible for many residents who work doing things like cleaning homes or are

delivering food and i want to go over a peruse the has just jumped past 305000 come from cases the 5th highest in the world and peru with a population of 33000000 people had a countrywide lockdown back in march but really struggle to enforce a nationwide quarantine. because many of its citizens were facing just too much of an economic hardship to stay at home so we're seeing the numbers going up now now moving over to chill a which was very slow to implement lockdown measures and granted a large number of exceptions for session essential workers back in early may and now is the 6th country with the highest number of cases in the world with over 300000 cases and mexico that's now 5th in the

numbers of deaths globally with 31000 deaths and over 261 confirmed cases and you know get this residents of the town of solenoid which is a very popular seaside resort in mexico and a short drive from arizona are now blocking the main road leading cells from the u.s. border or are fears are people from the u.s. traveling to mexico could bring the virus with them from brazil now lastly i also want to mention colombia where cases are over 120000 deaths and deaths and deaths are surging along caribbean coast as the region mccombs that pick center depend demick with doctors warning that many more deaths are actually going on reported brant. what about in the u.s. what are we seeing here as far as the trends so once again 3 states arizona texas

and florida keep showing up as hot spots now arizona has reported 117 deaths just in the last 24 hours with over 102000 cases and arizona has also been setting record high daily deaths counts about once a week while also reporting the lowest ever number of ice you bet vailable on tuesday and then moving over to texas. where more than $9000.00 new cases were announced across texas the largest single day total for the pandemic bringing the cases to over 210000 meanwhile texas just announced a public face mass order which is a complete reversal by the governor who earlier downplayed the severity of the outbreak in his state and finally florida you know which initially avoided the worst of the pandemic in its 1st few months now has the 3rd highest number of corn and ice cases in the us 206000 and counting and brant

despite all of this florida's education commissioner issued an emergency order on monday mandating that all schools open for the paula for the fall and order appears to follow president trump's wishes where he tweeted schools must open in the fall. correspondence are tabular thank you for keeping us up to date cheers in india's largest company reliance industries hit a new record high monday afternoon following the company's telecommunication arms geo releasing its new meeting app for the general public geo meets release comes as web conferencing apps have taken off amid the pandemic with zoo microsoft teams and a host of others seeing huge traffic as face to face interaction just isn't possible with me users can hold a meeting of up to 100 participants and if you can't get enough of online conference call their website states mexico for 24 hours reliance geo recently received huge investments from social media giant facebook as well as intel corp

and that's it for this time to catch boom bust on demand for a new portable t.v. epic which is available on geo platforms as well as smartphone through google play and the apple app store by searching portable t.v. or but you can also download it on newer models of samsung smart t.v.'s as well as roku devices or simply go to portable t.v. see you next time. we go to work so you straight home.

to rest in charge of the lame ass well the jury and the saga takes a new turn what about the timing and the specific indictments what kind of defense can be expended is a deal in the cards and each justice be served. and their songs i also. heard her. husband will take interest for doing. this goes a long way to cerberus team you're. not desires you're not going to. be transporting mrs jones over inflation and in america when these are suspected that means that. she loved this person for 44 years. in minutes sure if you guys she you and rosa cannot measure which. we made it was

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choose to look for common ground. welcoming viewers from around the world live from central london this is our 2 u.k. . spend spend spend the chancellor announces his summer statement aimed at protecting jobs and kick starting britain's economy but the opposition says we were promised a new deal but got a meal deal we'll hear from an economics exposure. special covert envoy for europe warns of big outbreaks of seems like those which is in london over the weekend continued he told his people should be wearing face coverings more and the pandemic is far from over. i'm coming to terms with the reality of good news is here to stay and i don't think it's going to go away any child through the show

body announces the e.u. will instate border checks at the end of the transition period since as the british government employs to create checkpoints nor the knowledge ports despite promising on the lines of i'll be speaking to a former member of the council of states. also the britain is to resume on so saudi arabia despite claims that weapons have killed many civilians in the war and yet we hear from a campaigner. the chancellor has released his long awaited summer statement with an emergency mini project to help the british economy recover from the coronavirus crisis among the measures is a 1000 pound bonus for businesses that retain their furloughed staff through to january once the scheme ends in november a youth job creation scheme will pay businesses over $6000.00 pounds to create new

jobs for 16 to 24 year olds $2000000000.00 pounds in grants will be made available to make homes more efficient with a further 1000000000 to retrofit public buildings. the housing market will be stimulated with a temporary cut to stamp duty until march the 31st with average savings of 4 half 1000 for property borrows the troubled hospitality sector will be boosted by slashing v.o.t. from 20 percent to 5 percent for 6 months as well as a 10 percent discount for all to spend in restaurants from monday to wednesday with the british public's insurance throughout the crisis would help fuel the country's economic revival. we will not be defined by this crisis but boy i will respond to it it is an ambiguous choice to make this moment meaningful for our country in a way that transcends the frustration and loss of recent months it is a plan to turn our national recovery into millions of stories of personal renewal

but is the goal of the bones britain back from the brink to to his resume of the reaction. it was done she joins me in the studio so shadi how is this initiative being received well absolutely the centerpiece really is the jobs retention scheme worth up to 9000000000 pounds and it's really been welcomed by business leaders up and down the country so as you mentioned that's 1000 pounds for every employer employee that's brought back by the employer till january now it's to try and really mitigate the job losses as the furthest game comes to an end in october which is to not being very clear that it will and must and at the end of october but still many employees up and down the country are not quite happy because remember from this month they'll have to contribute 10 percent of their staff salaries next week it goes up to 15 percent and then the month after that in october up to 24 percent so really well they want to take over all of the salaries going forward is it worth that just in order to get that bonus at the end of

january that's a real concern to many employers and employees will it be too little it's not enough to hold on to them till january when it is something that they might think it's not worth it and then they'll lay them off instead now she sent resisted accent a very clear message to the employers saying if you help your workers we will help you in some ways that really does put the ball back into the employers court for them it will really depend on whether their businesses have the demand now the shadow chancellor and early starts she's claiming that she did not did not go far enough and simply claims that there really should have been a back to work project instead. it should have been the day when the millions of british people worried about their jobs and their future prospects how deluded taken off their shoulders as should have been when we got the u.k. economy firing again today britain should have a back to work budget but in states we've got this summer statement with many of

the big decision use. until later the benches opposite knew full well well another big announcement from the chance of today was the out to help out discount now think of it really like an early bird special remedial deal that's applied from monday to wednesday to try and incentivize people to get back out and spend their money it means are being given 50 percent off up to 10 pounds of their final bill per person as i say to try and get people back into the pubs bars and restaurants but it also really of relies on consumer confidence that something that the shadow chancellor and of these dogs also have raised he said what's happening to the government's test and trace program because of course that comes hand in hand with consumer confidence as well now we were really hoping to get reaction from the o.b. on the office of budget responsibility they are the ones that assess the impacts of the u.k.'s finances they say that they haven't been given a brief of the chance

a statement today and so they will only be able to react react as of next week but already we've heard from the institute of fiscal studies who actually say that this is quite a good step in the right direction because 49000000000 pounds nearly 50000000000 pounds will be injected into public services that's new funding to the n.h.s. schools transport and rough sleepers as well so a huge boost to the economy and actually 30000000000 pounds more than the o.b. are hard to support it so all in all for the chance that today he really did put in place measures that are quite similar to any other recession recovery but of course this isn't. just any normal recession recovery because of the huge health element to this crisis and really if we do see a 2nd wave of the coronavirus well the government have the brakes on the economy if that doesn't happen. here thank you very much indeed for that so well for more on this i'm joined by economics expert professor get out jones there to see if and now some big commitments made here but is it just short term gain over the long game of

economic recovery the difficulty that we've got here is that it's a recession that is borne of problems that we've got on the supply side of the economy it's not a demand side action such as the one that we had 12 years ago with a great financial crash. and the difficulty here is that there's a lot of production that was taking place that is no longer taking place and that's what's causing the constraints that we've got on the economy so if you look for example at hospitality the difficulty is that restaurants can't open to full capacity because we need to social distance so it stimulates in demand in that context is not going to have the same effect as it would during an ordinary recession because it may be that the restaurants are already working to capacity the reduced capacity that they have with these social distancing constraints so it's a very difficult recession to get out of because it's not

a normal standard recession the supply side is what needs working on but what about the fact that a lot of elements are employers though and homebuyers you mentioned obviously maybe possible benefits of hospitality but actually not as it would appear to be on paper maybe not filtering through for a long time but there are large portions all of the economy old left out. well you know i'm certainly the the skin is going to be wound down at the end of october and is going to be replaced by this job retention skiing and there's an incentive there a strong incentive for employers to keep homework because up until the end of january where hopefully the rick coverage should be starting at that point and so that want to keep them beyond that point in time so that's the $1000.00 pound incentive for employers strong but it does imply a large amount of deadweight spending on the part of the government it's going to be an expensive policy in that employers are going to be rewarded with keeping hold

of people they would have been keeping hold of anyway so it's quite an expensive policy difficult to see what the alternative would be some of the other policies you've got there the reduction in stamp duty there is the feeling that the housing market may need some support particularly because prices fell according to the nationwide survey 3 percent we know april and june and maybe some of the support has been a reduction in the 8 c. the hospitality and for entertainment and so on down to 5 percent for a limited period of 6 more. months this kind of thing was trying to you know 9 not terribly successfully but clearly the hospitality industry does need a bit of support that it can get it's just very briefly a reaction to what the opposition is saying is that the government is delaying big decisions to little time but we've just been talking about huge raft of measures surely they will make some sort of impact and do you agree that there is something major missing here but the opposition is what about. i missed the beginning request

bill but certainly we're got a package here that tries to tackle various parts of the economy that's something for industry in general in general through the job pretensions in there is something particularly for young people through the provision for training we've got to be mindful here that there's been relatively low take up of apprentices over the last 3 years or so and the government is trying to incentivize further firms to go into training through the employment of apprentices it is going to be important to be able to move people from one sphere to see into another sort of training and retraining is going to be important as we restructure the economy in the wake of covert 19 back to talk to professor jones thank you. over 200000 of britain's self employed continuing to be left out of government financial

support anyone in the self-employed category who had trading profits of 50000 pounds or more in the last 3 years is not eligible for government support however those who are employed and in a similar financial situation earning over $50000.00 pounds a year are eligible for up to 2 and a half 1000 per month on furlough in addition any one where they were 16000 pounds in savings has been left out of financial aid as well well for more on all of this joined by the spokes person for excluded u.k. now that's a collective platform for those left out of the government's financial help schemes . well british unemployment levels could hit those seen during the worst years of the great depression should a 2nd wave of coronavirus emerge that's according to figures released by the e.c. d. which predict the unemployment rate could surged almost 15 percent by the end of the year if another coronavirus wave strikes the o.e.c.d. says that the u.k. has already projected to experience an unemployment rate of over 11 percent it will

make britain's unemployment level higher than that reached during the peak of the economic crash back in 2008. to discuss the economic impact of the global pandemic expert an international economics and finance at city university professor keith bill beam is joining us live now keith what kind of a reality are all british workers looking at now. well it's not a very good reality because of course at the moment a lot of them are on the 1st and something like 1300000 people and most estimates suggest that about 20 percent of them maybe more will lose their jobs so that some of the 2000000 people are going to lose their jobs that pretty soon as well you know by march this time next year. they will be looking at you know nearly treat 1000000 people all across the impact of that key for a lost generation and if it. well it would be a lost generation if you do south of the united states you see it's the youngsters

that the suffering the most we know that they're more likely to be more likely to be made out employed by substantial amounts compared to the older population so we really need to focus on the young people because you need to get them into a book because you know because i've got my own lives on them that's kind of our if a 63 year old becomes obvious grow it what about being current for the british population to really spend now the council on finding measures like cough price meals and fancy would options just how much of a difference is going to make it stop going to make any room difference look what people are facing job losses they've got a sight that money it's as simple as that and there's a lot of uncertainty you would have done that when you got to be i got it right so consumers got to face quite tough times and then so of course nobody said it won't go up they won't get their way draws inflation will go up no doubt after all this printing of money eventually so there's going to be a forward we whiteys as well so the idea you can just have the government can just pick up on the end of the program to go why is nonsensical will we see

a major impact of course if there is a possible 2nd wave making it to the u.k. and of course impacting the economy just just how bad could the scenario really become if that does happen well things could get substantially worse because mostly because i look at that i mean from 11 percent maybe look at the map if you had a 2nd life some people are predicting 15 percent and worse and the trouble is he said united states it seems to be ramping know that the coronavirus is not under control so become really open to the u.s. economy you know they have told us and everything so so until other countries get it under control we're still going to be heavily affected even if we manage to get it under control that's a key feeling thank you for being with us. health experts are warning that the u.k. will be hit with a big help breaks of coronavirus if scenes of trials like those witnessed at the weekend in soho in central london reoccur the world health organization's covert 19 special envoy for europe has stressed that young people should be wary while they

themselves may not become severely ill they could pass on the virus and kill others but to david nabarro told us that in some situations 2 meters may not even be enough the reason why we've been talking about physical distance saying is because this is the key to preventing transmission and there are 3 parts to it one is maintaining the piece of good distance true is wearing face protection look tired is maintaining very careful hygiene and services and the like and yes it people are not practicing these forms of behavior then there is a risk of recurrence we don't call it 2nd why because the virus is all around us anyway but it can come back and we can get recrudescence or recurrence very easily if people don't practice the piece of good distancing and praise protection

and 9 jeanne what do you make of the british government's messaging during the lifting of the lockdown. well one of the difficulties about being in government is that you have to be able to talk to every single interest who wants to be heard and wants to be understood so in government you've got to talk to the owners of businesses you've got to talk to people running schools got to talk to people look up to big office buildings people looking up to security in public transport and i think that's why getting a consistent message is often difficult i'm in a fortunate position of being a public health person and i've given you the absolute core of the guidance that we like to give i would like to say to all governments i think it is helpful if you explain to people all good time that what you're trying to do is to help them be depended against this virus because the virus isn't going to go away and that i

think if it were understood and appreciated by everybody would lead to a much greater appreciation of why we want the behavior changes that we call for can we have some clarity on the use of face masks from the good quality face coverings that really do filter out all particles essential part of protecting health workers and others whose jobs have become in frequent contact with people who have the virus but others really ought to be wearing face coverings expression of dead can't maintain physical distance saying and the w.h.o. now it's seeing these increased numbers of people who are getting infected all over the world is saying because of the possibilities of a symptomatic go pretty symptomatic spread we need to be a little bit more open about the desirability of price protections but doubly right

joe cannot order people to wear price protection only governments can do that but i think. all of us are saying if it is recognized that this is a major problem please we're more and more people where price protection is especially in situations our public transport or where close contact is inevitable just finally i know this is a difficult question but when can we expect this to be all over a lot for me it's not a difficult question because i've come to terms with the reality that this virus is here to stay just like 203530 years ago this new virus called h r i became a long causing aids and it's here to stay so cope it is here to stay i don't think it's going to go away any time soon and so that's why i'm suggesting

to everybody as the human race we have to learn to live with this virus and get on with our lives despite the fact that it's really dangerous and unpleasant and i believe we will be able to do so for the more dr nabarro clarify the w.h.o. his position on whether to have a $1000.00 can spread through airborne transmission in a zation is recently recognize that there's emerging evidence of this and the number of claim the damage has always a good knowledge the possibility. we've always tried to encourage people to understand the primary mode of transmission of this virus and i want to stress that that is still. believed to be true droplets droplets are small drops of saliva and or a spirit tree secretions and usually they're not protected further than

about a meter and really if you are 2 meters your clear of them now if you get some very very small particles that are light enough to be picked up by the air then they can go further than 2 meters and the issue that many scientists have been bringing to the w.h.o. recently is asking the w.h.o. told knowledge that you can have small particles that are airborne and yes the w.h.o. has actually a good knowledge that it's knowledge that all along but it continues to say that this airborne transmission is less common. mornings after a short break.

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the dares thinks. we dare to ask. the head of the used task force for relations with the u.k. michel barnier has announced that the european union will impose full checks of the border on january 1st despite britain promising to implement them 6 months or later

he said the e.u. does not want to delay things meaning checks will begin immediately when the transition period ends it also said that british products will be checked at the border irrespective of whether an agreement is reached between the 2 sides and that the block is prepared for the u.k. to leave both the customs union and the single market promise of boris johnson has reiterated britain would not need an extension to the transition period where mali british government asked the e.u. to introduce formal checkpoints supports in northern ireland known as border control pose they'll be used to inspect both livestock and food going into the single market despite boris johnson promising no such checks would be needed after the end of the transmission period it has been agreed that will the man and will remain part of the trading union with the rest of the u.k. show jewel to leave it well discuss this further mull drawn by a former member of his council of state professor did 3 he even did 3 boris johnson is then gone back on his word. it's not surprising at this isn't an issue of

concern here and since the credit cards published the experts looked out and said there might have to be additional checks. checks and there would have to be additional people or they could see anywhere despite is bars jobs continually we estimated that there would not be additional work he was categorical that there would not be additional checks indeed he into northern ireland and give us patients and then in britain were asked to fill an additional shift or didn't bend and right now this really. caused a higher dose of protests from business people here saying look this doesn't make much sense it isn't helpful and really the issue as far as 1st of all clearly big to suggest to us but secondly for the businesses operating year and for businesses to be the one to operate in northern ireland to have markets is not an island the key issue here is a lack of information and what changes will happen and when will they happen

a lot of the implications of those changes because what impact does this have on businesses then in northern and. well for example businesses and you have want to bring their goods across the arab states and i think that they will have to fill in additional paperwork it looks like there will be 3 layers of paperwork we know that additional work means additional charges so the issue then is will those 2 it actually start saying actually this is where the right to ignore the night and we will look to other markets we will start to move our presence as i took more than ireland and we've already had the sessions of basic of markets the test goes the houses saying well perhaps they would have to look at the northern route of business and see if they still have are so that the major issues might they move away from northern out altogether and the difficulty again is when these changes happen if those businesses know what the teams are willing. able to make had for

the consumer a northerner the issue there is we may be for reduced choice because critics will say they don't want to come here anymore if parsons are going to come here will they incur additional costs so we have reduced choice and had to play just we would have increased charges if there's going to be increased your work just finally briefly for the mind if it does the reading between the lines seems likely then that the e.u. is ready to leave at the end of the transition period it does that at that and it looks like it we were told there will be a border in the area and of course that is there was wider political ramifications here where they. were assured that there wouldn't be a border in the area and of course their fear will be that everybody move to an economic integration process and does that mean and inhabitable political integration was there and and do we. have to or. professor did here and thank you

for joining us live here not u.k. and discusses in more detail about your brush in fame m.p. chris hazard that'll be a live in just under an hour from now here on. britain as announcer is resuming arms exports to saudi arabia despite admitting they're sometimes used in war crimes in yemen campaigner against arms sales andrew smith says that the best way to make sure you can weapons are no longer used against civilians is to stop the sales. the arms industry is actually very small part of the economy that can survive as he took point 2 percent jobs but the damage which it does internationally is beyond calculation as we're seeing in yemen where the world's worst humanitarian crisis has been inflicted and you can meet fighter jets u.k. made bombs new commit missiles which essential rule in struction where weapons are being exported they're being used and we're seeing the u.k. made weapons being used in repression against pro-democracy campaigners in hong kong we've seen u.k.

made weapons used and atrocities in p.c.'s her own best way to make sure that you keep weapons are no longer used in peace or peace is to stop the sales and that's if i'm ever more news than half an hour. time after time called her ration to repeat the same mantra sustainability very important to excel or transition to sustainable transport sustainability stay in her manner the more equitable and sustainable. they claim their production is completely hama's. the big.

companies want us to feel good about buying their products while the damage is being done far away this is something else this must be done to anyone and i mean look. this is the mood stimulus and we didn't do nieminen and stunting then we understood superman and. time after times are we going underground is the u.k. chancellor the next goldman sachs employee refused or not going down says what some are calling a mini budget outlining his plan for economic recovery after borrowing record billions during the coronavirus pandemic leaving the u.k. with a debt as to make it to be larger than its entire economy let alone debt is britain as a global player economically over rigid a.v.n.

ates the economic superpower of the 21st century china we speak china's ambassador who threatens britain with consequences of all an experiment needed then shopping for the translator and director of the china nationalism. a regional studies it's a gal about a continuing arguable british imperial hangover and after considering black eyes mad as protests around the world the new accusations of scotland yard targeting an english commonwealth gold medalists family because of their color are we witnessing a major spring not unlike the 2011 arab spring we speak to one of the u.k. government scientific advisors about revolutionary desires set ablaze by coronavirus although some more coming up in today's going underground but 1st what is darker in the west will become brighter in the east the words of china's ambassador to the u.k. as he threatened london for what china perceives as imperial meddling in its country along with nature a nation mandate.