in 1st are we going to ban britain for britain are they going to stop using the term britain no we're not so you know terminology is important and gauge what is important and reporting these responsibly i think is the best way in having an open dialogue and fortunately there are a significant number of people in this country and across the world that are extreme and yes we know there are extreme christians and and over the centuries if you look back over the centuries though each religion has engaged in terrorism at some time so so this is not something new but to change the name to try and pretend that this is not based is just 10 minutes i was a big zones. not breach of things looking. the way they were more sky more from us interesting.

so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. spearing dramatic development only. exists i don't see how that strategy will be successful very critical time to sit down and talk. drugs has come from unscrupulous dealers but from pharmacies to in every state in the united states we've seen the very sharp increase in the number of people seeking treatment for addiction to prescription opioids. invited to america under the banner of medicine persisted with the pain but instead of trying to. dose after dose after dose after dose and really became his drug dealer so who's to blame patients doctors manufacturers i think.

this is boom bust one business show you care at the border miss average of 4 in washington coming up. just a little to not need a spirit of compromise and ambition is to take the risk of returning to harder times and for some who are concerned about that in the end it may end up cost. you know even more pensions are on the rise in brussels as e.u. leaders are struggling to reach a compromise over coronavirus relief straight ahead we analyze the block's cope with 19 response plus as told with case just like in some us states economies are beginning to close down yet again where does the nation stand amid the outbreak

we'll bring you the latest and markets are moving out some major shake ups on monday but what does the future look like we'll bring some expert analysis on board we have a packed show today so let's dive right in. and it has been 4 days of arguing insults and just plain old frustration as european leaders have been battling over the passage of an unprecedented $1.00 trillion euro e.u. budget which includes a coronavirus recovery fund now the summit which was originally expected last just 2 days has dragged out amid walkouts more insults and even french president emanuel mccrone slamming his fist into a table out of anger now despite these frustrations mccrone and other e.u. leaders are confident they will reach an agreement. to not meet a spirit of compromise and ambition is to take the risk of returning to harder times and for some who are concerned about that in the end it may end up costing us even more so i will continue to fight on these subjects in particular with german

chancellor angela merkel since as you know we have worked a lot together over the past few days and nights. i have to honestly can best that we still have differences of view between various nations personally i think a chance to reach a deal that there's a will between countries the elements to build a working agreement but it's far from starts and good afternoon last night after a long negotiations we worked out a framework for a possible agreement this is a step forward and gives hope that in agreement may be reached today or at least in agreement is possible i'm very glad that we the president made the push in may for . really substantial program in this exceptional situation that has now been the basis for the commission's decisions and that is why it has been possible to agree on a considerable portion of grants that is the answer we need for an exceptional situation it was clear that the negotiations are incredibly tough. and joining us now to discuss the heated debate is co-hosted investigative journalist ben swan and board

member of the british american business association hilary ford which thank you both for joining us to discuss this no but i want to start with you one of them main points causing such friction between all of these e.u. leaders met in brussels well pleasure to be back brant and you're right there is friction now there's been considerable friction there's been friction for days at the crux of this is sort of 2 major issues about the same thing there are the northern nations and actually the no known as the frugal 5 the netherlands austria denmark sweden and they they have all gotten together and they actually have decided that they would rather have rather than the loans and they have put pressure on the other nations the more needy nations spain italy greece to accept more in terms of just you know rather than grogs they want to be loans that are repaid back that's the big issue so is the amount the amount of dispute is 750000000000 it sounds like the agreement has been made

a lot of concessions to be made by this frugal 5 that they will now accept that there will be quite a considerable amount in terms of grants it's looks like 390000000000 in terms of grants and $360000000000.00 and tons of love so that's the issue how much and how it will be repaid what the northern nations want is they want to limit the costs and they want to impose fiscal constraints and fiscal responsibility on these other nations. and there's been a lot of tension between leaders of various countries as as we just don't want to play some sound here from the whole gary. and prime minister. i don't know what is the person whole reason for the dutch prime minister to meet with hungary but he's attacking to school harshly and making very clear that because hungary opinion does not respect good love law must be punished financially death his position which is not acceptable because daddy's little decision about what these the rule of law

situation in hungary. have been better why are there so much tension and really just hurt feelings here between hungary and other lives well it's really interesting to watch what's happening here brendan is hillary was saying you know that it's kind of this separation between the frugal 5 in these other european nations but it's really. reached a personal tone with a lot of this you heard right there the language that was being used you know why do they hate me personally why do they hate our country why do they hate hungary and so you see these very strong language being used one thing i think is happening there is when we talk about you know religion you talk about family or you talk about money things become very personal and in this case you have nations disputing over money how much is going to be spent who gets it how it's all broken down hillary did a great job of explaining all that but i think one other point to this is you have christine legarde who is the president of the e.c.b. the european central bank who is essentially kind of sticking her nose in all this

is well saying it needs to be an ambitious plan a big plan and if you come with a kind of a or a small or a careful plan as the frugal 5 would probably call it then that's not going to get it done that's what needs to be extremely ambitious but when you use language like that you're really kind of pushing everyone who are leading them to say there's only one right way to do this and i think that's what you're seeing is a conflict here over whether or not there's only one right way there are many ways remember as you said brant this was supposed to be a 2 day conference that's going on for days now and plus and now it's the longest meeting since 2000. and on this know hillary i want to play some sound from the austrian chancellor here. susan says this is a serious issue because i believe we can make lazy compromises here there is a certain degree of flexibility among many countries who we as frugal countries have agreed that we will hold on to a very clear position we are not willing to go below

a certain limit that will certainly make certain debates and discussions necessary you. know hillary there's a difference geographically between nations over there so it seems like well the northern european nations are pushing for a smaller recovery fund as we just mentioned and they also want to limit how payouts are actually split but why is there such a geographical disparity well i would say to that it's geographical and it's also cultural and then just so aptly mentioned that when you get to issues that are personal like religion or money it can become quite contentious and i think what you're seeing here is you're talking about a difference in cultural sort of work ethic and financial ethic in terms of austerity in the way that countries deal with money you mention the personal issues you know i think it was the you know the dutch prime minister has said he said look it's not like i would be inviting other people to my birthday party we're going to a birthday cake after this we had to represent all nations and we're experts of this what is very reminiscent of actually is sort of trumps america 1st these elected officials have gone to bid for their electorate

a mark root is under considerable pressure from the electorate to be fiscally conservative the dodge already contribute a great amount of vast amount to the european union budget so in terms of your answer about geographic i think what we've got to bear in mind is this is very reminiscent of britain and actually the dr being accused of not remembering david cameron's sort of contentious approach to and ugh we all know what has happened now with so i think what you're saying is you're seeing the cultural difference differences that yes they play out geographically the latin countries the south versus those sort of hard work ethic those nations. the hard work ethic of the north and that's what you're seeing and this is deeply cultural on there a deep resentment resentment from the docs who worked very hard to contribute the most just like the british had right and it feels like as if in the us context if different gov the governors came from different portions of the country had to negotiate a budget together where congress is kind of more built for that it's very we are

right and you're right bret except that the only the only difference is you're totally right the only difference is that there are even more cultural differences in europe in america i mean things are very different between new york and wisconsin with the whole debate about mosques in your of the cultural divides are obviously going to absolutely and now ben quickly how important is this deal considering how difficult the process has been so far well i think everything that we're talking about here demonstrates one very important fact there will not be a 2nd round of these discussions it has to happen this time so whatever you get is what you get there is no way we're going to be back and having a 2nd round of talks about a 2nd coronavirus recovery package and who gets what splitting it up it can happen so i think it's very important that whatever they determine i think everyone recognizes you get one shot and that's all you get robust co-host ben swan and hilary ford which of the british american business association thank you both for breaking that down for us. and we have been talking for months about the big bucks made by pharmaceutical companies amid the pandemic we have seen companies in

varying stages of development of vaccines and treatments for coping 1000 have exponential stock growth but this includes the likes of. novio and novak's just to name a few on monday u.k. based biotech firm synergy and its stock spiked more than 500 percent after reporting their experimental drug was mostly successful in preventing serious symptoms related to cope 19 in trials the company's s n g 001 drug reduce the odds of a patient developing severe symptoms including the need for a ventilator by 79 percent compared to patients received. placebo adding that those who received the drug were 2 to 3 times more likely to recover from cope with 19 now the trial involved 220 subjects in the united kingdom they say more analysis from the trial results will be disclosed in the coming week and with all that in mind let's go ahead and take a global look at the spread of the virus with our correspondents sorry where are we

worldwide sobran over a 24 hour period over the weekend the world nearly $260000.00 and new cases a new record which brings the total global number to over $14.00 d $6000000.00 now 30 percent of the new cases are coming from the us which now has almost 4000000 cases now the deaths were also on the rise on saturday we saw the highest one day increase since may which brings the global death toll to over 600000 now and to us the deaths have now surpassed 140000 now which also accounts for a quarter of the world's death not globally here's what's happening right now india recorded at least 40000 new cases on monday the highest single day total so far now in some less affected areas around the world and countries here are some aggressive measures officials have taken that i want to talk about so there's been

a new restrictions being placed in israel after new surgeon cases a strain is also now putting new measures in place in response to new case numbers even though they have just over $12000.00 cases and in israel or 451000 also the bahamas a top tourist destinations for americans is banning travelers from the u.s. which really shows you all that the numbers here aren't so high the number of cases happening in the u.s. it shows you what other countries are doing that is so aggressive right here even in their case numbers are so low and then on the economy front just from february to may more than 6. a 1000000 people in the u.s. sign up for food stamps and that number is likely to continue as billions and unemployment assistance is set to expire this month and then on the testing front in order to keep up with the massive demand for testing the u.s. food and drug administration has given an emergency approval for top lab commercial

labs to start using pool samples for testings which essentially means that samples from up to 4 people can be tested together and if there was out comes back negative that means health officials will know that all the individuals that test the virus will be negative but if there was a positive result then it would be followed up by individual testing but many fear that this would just add more chaos and confusion because in some states like texas and arizona some people are already waiting in line for hours to get tested so imagine telling those people you might be positive and then have them come back to get tested again when you think about all this with what's happening in the u.s. one of the hot spots right now so here's some hot spots that actually broke some records over the weekend in california los angeles just reported the highest number of hospitalizations in just one day and on saturday both georgia and north carolina reported a single day increases again on saturday and arizona they reported their highest

death count system pandemic with a total of $147.00 deaths and then in florida which has been one of the hardest states to be over $9400.00 patients are currently hospitalized while the state continues to break its own single day case record now florida governor run the centers claims that the reason for the high number of cases is due to the widespread testing but that's not necessarily the case brand so i want to do a comparison of florida work country it would rank number 9 in number of cases worldwide and then to draw your comparison from. viewers i want to cheat florida as a country now for example take a look so florida has over 362000 cases are constantly hearing that the numbers in the u.s. from leaders is because there is more testing but this right here shows that's actually not necessarily the fact so florida there's been over 3000000 test right there have a population of 21000000 so they have

a testing rate over 14.29 percent but if you want to compare that to a country that's comparable to florida which is australia they have $25000000.00 population now they're testing is also over 14 percent but take a look at their total cases is a little over $12000.00 a huge difference from florida and then you want to look at it italy which was really criticized in the beginning for not actually containing the virus they have over 244000 cases now their population is $60000000.00 right triple of florida and then they did over $6230000.00 as they're testing made a 10.38 percent not taking a look at some of the other european countries germany and then there is france look at the numbers 23203 over 1000 cases for germany in france over 174000 but then take a look at the testing for example in france they did $65000000.00 in testing they

had a 4.15 percent positivity testing rate but if you want to look at their if you want to compare it to their population still it doesn't make any sense why florida has so much higher cases and then we look at china i mean they have taken they have over 83000 cases they did over 990400000 total has a population of $1430000000.00 they're testing rate 6.29 percent so again if we had to do with more testing florida should actually to total case. it should be a lot lower than these countries that you see right here so what we're hearing about a leader is that the numbers all contribute it to more widespread testing in the u.s. that is not necessarily the truth and these numbers right here tell that story brant r.t. correspondent sites have better thanks for keeping us up to date. and time now for

a quick break but here because when we return markets are on the move to start the week but what's driving games and what lies over the horizon straight ahead we welcome back sport analysis to break it all down as we go to break here are the numbers at the close.

world is driven by. the dangers. we hear to ask.

join me everything on the alex salmond show and i'll be speaking to guests of the world of politics. i'm show business i'll see that. and welcome back u.s. markets are still running on the back of strength from the tech sector as the nasdaq continues its record run led by amazon facebook netflix google and microsoft you know the tech names meanwhile the dow and s. and p. are struggling to stay flat popping just above even line midday here on monday now

traders are now shifting their focus from earnings to stimulus as lawmakers begin to go she asians on a new stimulus package earlier this year a 2 trillion dollars package was put in place which expanded benefits for those laid off during the pandemic however these measures are set to expire later this month for more on the markets saying and the state of the economy let's go ahead and bring in expert analysis from toby spitz c.e.o. of transformative research and co-host christy i thank you both for being here today christy one of the expectation. from a new stimulus package well right now consensus expecting roughly one to 1.5 trillion in this new package especially in light of the carrying growth momentum so right now looks like risk is kind of skewed to the upside as last week was the 3rd consecutive week that the market has advanced and those games came as a left out from tech names into the most. in my stimulus lawmakers quickly. they were having

a little bit of trouble with christie's mike here so so i actually told him what are what are you actually i mean 1st listen to this i compared with with other governments around the world the u.s. has shown a creepy of fiscal fatigue if you will and with president trump downplaying the severity of the outbreak there is some consideration around rolling back some of the stimulus going into next year now this time around this next round of stimulus is already baked in but what about after that are we going to see this go into next year it is there any other alternative well there's not i mean you go to europe and united states is difficult for one thing a huge amount of their revenues government revenues are from a value added tax which we don't have in the united states so europe in some ways you know has been stingy but in other ways there you would have a steeper wall because if you're not buying anything you're not collecting any value added tax is right number one number 2 you have you know giant tourist

economies and the largest tourist to go to europe china and the 2nd is united states and both of under quarantine so united states is different our issue is that we have 31000000 people not working today out of a workforce of 15000000 that's like 5 times more than we had the great recession we don't have the capacity to get you know across the plate here to getting vaccines done and so forth until we get into next year and so we've got a plan to do next year and also by the way there's an election in november out in a field where the bread and and so nobody wants. be the party that was saying well you know sorry you're not going to get any money now the $600.00 edition that's that's going to be gone it's going to be trimmed down they're going to be because that was one that was just sort of a knee jerk reaction but the idea that you could make more money remember for the senate to be united states work for less than $18.00 an hour so for those people who are unemployed they are making more with the $600.00 plus whatever their state so that's going to go away but they have to pass something and they have to pass it

quickly because a lot of people don't know this these unemployment the 600 bucks in is this week it's not next week ends this week so you wouldn't you would see the world come crashing down quickly in the united states because all of a sudden people stop spending and christie has already cut you off there earlier what's your response that over there. i think is absolutely right lawmakers actually have to kind of balance out how to both blunt the outbreak but also to lift the economy so congress kind of needs to iron out very quickly and get it and i not that different is on politics including like the liability protections for businesses aid for state and local because that's a big one and payments for rent and mortgage that's the stuff because if not then we'll see a lot of foreclosures and and people being taken from their homes and no toben i want to get back to markets here we have another high profile earnings week to look at here including the likes of microsoft which has been up big since the start of the pandemic what are you looking at for this earnings week well there are 2 things one is that microsoft is a good barometer because it's in every from small business to the largest business

. the cap ex spending that we probably plan to have over 24 months even i can say at my company we made it in 3 months so the question now is everybody said ok you know geez we just put out 2 years' worth of spending in the last you know 4560 days let's take it back a little bit so that's the guidance that we're looking for is is the spending on a pullback microsoft is at a reasonable price all things given the real issue is in you know the smaller cloud players that are selling for 34. 50 times their revenues everybody says it's a bubble like like to 99 dude i was there 9 to 9 that was a bubble ok these are fast growing fast earning completely different business models and they used to be it's all subscription they get sort of 100 percent rates they're getting 12130 percent because they had new services on so it's really the old business model as i call it the bits and bytes against the me the new models

against the old which are at office adams and stuff and right now bits and bytes is kicking the heck out of you know atoms and stuff and christine meanwhile the i.p.o. market is continuing to work now with a group the chinese tech heavyweight that owns the pay pal of china planning a dual offering in shanghai and hong kong bypassing new york what's the situation there i want to hit on that before we get out here well this is an i.p.o. that has actually been anticipated for years now launching in shanghai on the new star market and on the hong kong exchange so this public listing will enable and twitch operate a while to digitize the entire chinese services industry drive domestic demand and also expand globally timothy wallet partners and all the other countries so this listing now is following the trend of other chinese tech firms that are trading closer to home and this is a direct snub in the face to the u.s. equity markets escalating the u.s. trying to tension even more over trade technology and finance now so it's seen as a pretty logical move seeing as the u.s. has expressed many times the threat of delisting chinese companies. smith of

transformative research and boom bust co-host christine thank you both for breaking down what's going on today. and that's it for this time because boom bust on demand on the brand new portable t.v.'s which is available on smartphones and tablets through google play on the apple app store by searching portable t.v. you can also be downloaded on a newer model samsung smart t.v.'s as well as roku devices or simply check it out at portable t.v. we'll see you next.

in order to justify all the money printing the fed has to claim that they're fighting the place and the wages go up that would be inflation and therefore they'd have to stop printing money which means i'd have to stop yelling out back and solve the zombie back. by claiming that they're fighting deflation i think gives them cover to keep this continuous rolling bail out of the zombie. problem drugs don't always come from unscrupulous dealers but from pharmacies to in every state in the united states we seem very sharp increase in the number of people seeking treatment for addiction to prescription opioids oids invited to america under the banner of medicine persisted with the pain but instead of trying to wean him off though she just goes after dose after dose after dose and really became his drug dealer so who's to blame patients doctors manufacturers all the

government. according to even fox news trunk is like going to the polls this is because joe biden is such a brilliant end of it or because the heartbeat consensus to tend to make has been badly handled by the president still another the trump brand is a populous into dallas to 6 feet as he is known. the u.k. releases this highly anticipated russian report into moscow's alleged interference in britain's political system it concludes that russia's influence in the u.k. is the new normal. i fear in the us city of portland where unmarked federal forces have been sent into anti racism prior.