i don't see. why. i. this is boom bust the one business show you can't afford to miss or in washington. jobless claims the united states are up for the 1st time in months as the cope with nike pandemic continues to surge in some parts of the country straight ahead we break down the numbers and how markets are faring amid the spike and with this jump in cases several nations have barred u.s. travelers from entering their borders with dig into the details plus an airline and aviation stocks have taken

a beating in the wake of the coronavirus boeing is inching closer to the comeback of at 737 max we have expert analysis on hand to discuss with a packed show today so let's dive right in. and we lead the program with some disheartening economic news out of the united states new weekly unemployment claims rose for the 1st time in nearly 4 months for the week ending july 18th 1400000 americans filed for benefits according to the u.s. labor department as states continue to roll back efforts to reopen amid spikes and coping 1000 cases new claims had been declining weekly since the peak of 6900000 jobs lost at the beginning of stay at home orders in late march now meanwhile as the krona virus relief package in the united states is set to expire at the end of july senate republicans announced wednesday they had reached an agreement with the white house on what should be included in that next round of funding u.s. treasury secretary steven minucci and comment on the next package thursday saying that the new plan will extend enhanced unemployment insurance based on

a roughly 70 percent wage replacement also announced several other provisions in the plan including a nother round of p.p.p. funding with 2nd checks for companies whose revenues have. have fallen by 50 percent tax credits to encourage businesses to hire workers $16000000000.00 in new funding for covert $900.00 testing $105000000000.00 to support schools in reopening and a nother round of direct payments to individuals now there were no additional details provided on that last provision of course this will all face heated debate in congress before moving forward and for more on this next round of stimulus measures and how markets have reacted thursday let's bring in todd horowitz chief strategist at bubba trading but always a pleasure to see here i want to start with these unemployment numbers this was the 18th straight week in which it totaled more than $1000000.00 jobs lost how is this going to affect the decision regarding unemployment benefits there has been this

proposal to reduce the $600.00 a week to what could be as much as or as little as one $100.00 a week is it too soon to really start tightening these stimulus measures. brought good afternoon they drove me back i think they should stop them i mean that's my opinion look you want to do something give a tax holiday so you know to pay payroll taxes that would be a better bonus because that would actually force many that are sitting home doing nothing but they're making more by sitting home doing nothing i'm not a big fan of all this debt they're creating because at the end of the day it doesn't go anywhere tell people go back to work who can if you can't go to work i understand we can make arrangers but if your review have a job and you go back to work then you should be back at work and give a tax holiday to given that incentive to go back to the job versus saying well as i make it more sit at home why should i go to work and it's interesting that you mention that payroll tax holiday because actually the trumpet mr. mentioned specifically that that was not included in the package as of right now so why

aren't they moving that that way because i assume many in the administration agree with you on many of these provisions. because the house will not approve it because again they'd hate to give trouble after 3 and a half years of beating the crap out of them they hate to give them a victory right before the election i mean this whole colbert masses all these jobs lost everything is more political than it is actually the virus yes i understand that i was very serious but if you look at some of the stats from around the globe if you would just let the things alone we wouldn't be in a better shape right now and we wouldn't have as many of these issues but of course you know that palosi and gang are not going to give these guys a break and they're not going to have a win so the only way they can get something through to try to help the american people is to give them more free money but again i'm not a fan now but i want to kind of move to markets here we're seeing a nasty dip thursday after several consecutive weeks where the markets have just been kind of bubbling up and are we seeing a flight to safety is the market churning risk off or is this just

a temporary knee jerk reaction on the unemployment numbers and it will continue marching higher what's a new stimulus package passes. well my brow looks like the markets appear to still want to go higher you know again you're going to get some pullback some of them as that can innovate no i have to do have a new high so eventually you do get some sellers and we don't go on a straight line however the other thing i will say too is i've do believe with this is a big bubble at some point is going to burst now some of the indications are that it may be close now i certainly wouldn't have been a get out to temper a bubble but the way you see certain things is like the overall speed in action and the overall nasdaq the very big swings up and down even intraday so to me you might be seeing a potential rebirth there we know at one point this market's going to crack again and i still believe that sometime this year we're probably going to hit the lows that we made in march however i'm not predicting it today and personally i'm

actually still on but at the end but when you look at markets this is typical type of action and a possible direction change and that's $300.00 points to me is nothing i mean we're talking about a $27.00 born index i mean $300.00 points is hardly worth thinking about and that was what i was going to bring up i mean i know you say you're not sure when we might see this but that volatility is going to come back so in your opinion we are going to see at some point probably those 2000 point swings we did see in march which triggered shutoffs in the markets overall so we may see that again but. i couldn't agree more that you're going to see those things happen and i guess obviously we can't time it one is going to happen they don't send me a telegram and say we're going to do it now but you can watch the action and be prepared for it and i invest the more important thing we're going to get some nasty days again no matter what happens no matter where we going the market and get some nasty selves or but then one thing you want to remember if you're an investor is

that the history of the markets if you're playing solid companies it's been a half percent year over year not every year but again that's what you're looking very few investors but again as a trade. are looking for the spot that it will give me the opportunity to crack and sell it and now it was a big earnings week here for u.s. companies what words you take away from this earnings week. this is the earnings the biggest bunch of b.s. that there is ok look they're already under delivered they under promise so far how could they not beat him i mean you know you can't step over you know a one inch bar is very difficult they already built this in this is one of the things that you have to understand in markets and how they function is that markets are pretty pricey in a lot of things so you get these beats and what they do they draw in the retail guys that have no idea what's going on and they start firing their money chasing them are because they don't want to which is usually what all the ventry cause the collapse for this is all be of earnings are all b.s. because it's all under promise over deliver in our stock to rise so to me it's

a bunch of crap well and it's interesting that you say that because especially right now in this cycle after you've had 3 months of being shut down you know we have airlines reporting and they're saying well they beat expectations well there's not really a big deal there when we thought you were to lose $100000000000.00 but you only lost $89000000000.00 it's really not that big of a win there for you i want to hit this before we leave here as confidence in the central bank continues to sink i know you're a big supporter of the fed more and more investors are piling into gold and other safety assets but in the event of a real downturn it is gold really that safe i mean it does seem to hit record highs every time we have these situations going on gold is not a safe haven play for equities gold is a safe haven by a possibly going to currency against the dollar and of course i can say to you and i believe that there is going to be a big announcement coming out anytime soon now from either the central banking system or the federal reserve that is something because you can see the way there's

a gold and silver and platinum are traina they're all basically on their way to pluto now and that is usually a sign that they know some news is. the way out and i think we'll probably hear something in the next couple of days that will support this really i think gold gets all time highs but again i don't ever believe the market will go straight up or straight down so at some point we will get a pullback and i have an opportunity but it is not a hedge against an equity portfolio ever thought bubble horror was chief strategist at bubba trading thank you for breaking it all down for the difference. and as the united states has hit another milestone eclipsing $4000000.00 total cases of cope with 19 the pandemic has claimed the lives of more than $144000.00 people within the nation so with that in mind let's go ahead and take another global look at the spread of the virus with r.t. correspondent science editor so i where are we worldwide so brand this is where we are right now u.s. cases there is now as you said more than 4000000 cases u.s. deaths it's already surpassed 146000 now global cases there are more than

15500000 global deaths over 66 over 633000 deaths now from all the global cases roughly 4.2 of those people have died so right now that's of the 3 deaths going on with the global cases and now almost 10000000 cases are 2 thirds of all cases globally are from 10 countries and almost half of those cases are reported so far from 3 countries now then there is 5 countries u.s. brazil india russia and south africa that have the highest cases of new that are the highest numbers of new cases currently while south africa also across the stress hold of 400000 confirmed cases just today now here in the u.s. cases are trending upward in 39 states while 5 states have just reported their highest daily death toll now texas they just reported $220.00 deaths bring in the

state's total to over $4500.00 florida on the other hand has reported $173.00 deaths today bringing the state's total to over $5500.00. and at least 157 call that 1000 related this have been reported in california last 24 hours while alabama and i had a whole also a set their highest death record on record for both states so once again brian it just seems the us just had it into the wrong direction. given the spike here in the united states there has been some travel restrictions for u.s. citizens tell us about that so when you know global borders being shut down isn't something new for most of the world you know to try traveling with i don't know an iranian passport but a prior to cope at 19 an american passport gave you visa free access to 95 percent of the world while others had to spend thousands just for the privilege of being rejected anyways now cohabit 19 has suddenly made everything very different

americans have gone from having access to most of the world to being banned from most of it so right now as an american know all the places you can go so right now open to u.s. citizens with no restrictions there is european countries like. north macedonia and serbia and all those red they are you seeing right here these are all the places that are close to u.s. citizens now again places that are open to u.s. citizens with no restrictions in western asia you have there is turkey in north africa there's tunisia then islands like demeanor in public and all of these are open to u.s. citizens lastly there is mexico but only at and close resorts now the most you can do the most you do in these countries that are open to u.s. citizen is some sort of temperature check at the airport then there are this nation's that are also welcoming americans but with restrictions now here just a few examples of those restrictions for example you can still go to come bodie but

if you can dish out a $3000.00 covert 19 deposit and kyra listen realistic this is a lot of young americans tend to travel to asian countries on a budget. then there is a united arab emirates that's open up only to by 2 americans all of the parts of the emirates are still closed so if your flight is to operate dobby will expect to be sent back and then countries that are requiring a 14 day quarantine ecuador and the u.k. which again is unrealistic because a lot of americans get a maximum of 2 weeks per year so spending that in the quarantine again is just not realistic then there is jamaica which requires that travelers coming from states like new york florida arizona and texas have 2 negative test results within 10 days and then there is countries like that only welcoming americans coming on a private jet so once one of the world's most powerful travel documents right now the only stamp that makes an american passport usable is one that says vaccine on

a brant are 2 correspondents are terms of thank you for keeping us up to date on that. time now for a quick break but hang here because when we return we're going to take a look at the turbulence facing airlines in the aviation manufacturers and in 1000 pandemic and the latest move in the boeing's infamous 737 back saga and as we go to break here the numbers at the close. join me every thursday on the alex salmond short and i'll be speaking to us of the world of politics sport i'm showbusiness i'll see that.

syria has been engulfed in civil war almost 10 years it's cost hundreds of thousands of lives and displaced a 1000000 small no one foresaw the peaceful protests of 20 of these collating into a complex conflict between various armies geopolitical interests rebel groups just . on this. but if you tell us if you say you hate the. message look cool. you know deep complex.

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dares thinks. week here to ask. welcome back after one's been a dismal year for airline companies u.s. aerospace giant boeing is inching closer to getting its 737 max jets recertified by the f.a.a. in fact the federal aviation administration has announced that is providing a 45 day public comment period before any recertify cation can take place so this

is another hurdle for boeing or does it signal that the company may soon get the green. light to begin selling at $737.00 max once again and where does the airline industry stand as a new round of lockdowns is continuing what was already a very very tough situation joining us now to discuss his boom bust co-host and investigative journalist ben swan and dennis pager communications committee chairman at the allied pilots association thank you both for joining us today ben i wanted to actually start with you let's begin with the latest on boeing is this good or bad news. well i think it kind of depends on how you look at it look at anything anything the market perceives as bad news is going to be bad news for boeing in terms of stock price because they've had such a tough not just year because of this pandemic but really going back to march of 2019 when the 737 max jets were all grounded so it's been tough for boeing having said that look if it shows that boeing is moving forward that's good news in terms

of the read a certification of the 737 max and also the 5 of the f.a.a. is working with them but this is going to be a slow process and it should be a slow process there's no way that the 737 max can be rushed back into production and even if boeing was given the green light today to say you can begin you know getting these just back into service airlines still are flying the way that they were and there are individual customers as airlines that may not want to even deal with buying or purchasing new planes at this point so you know it's a long road ahead for boeing this does inch them closer though now cafeteria what do you make of the situation with boeing i know you've been following this deeply what do we hope to learn from a 45 day open comment period and what do you make of f.a.'s latest decision here. no more than following on a 737 pilot and have been for over a decade so and very closely related to the max. we've seen and we've seen from boeing a giraffe through our company american airlines the training that they've been

poles in it's night and day from where we were but there's still some more to go and we don't like seeing and hearing is if he's talking about this comment period we want to be involved in air before you drop this rock honest to say ok now what have to say so the f.a.a. unfortunately been gone a little bit dark on us and we've got to crack the door back open because our ultimate goal is to have a comedy with very few comments because our concerns have been addressed and most of them revolve not around fixing the you know and yes in the max but on pilot training and. sure that if you're going to go this far you take care of all the things that challenge those pilots and both of those absent that go beyond the caps it's critical that we get this right and our entire aviation system is going to be challenged going forward to get that prize which is the confidence of passengers and now dennis i want to kind of move to

a broader conversation about the airline industry too because i mean while the 737 max is very very important safety is crucial when it comes to air travel unfortunately we're amid a pandemic that has grounded the entire industry to a halt and here are some some numbers for you the southwest airlines said thursday it lost $915000000.00 in the 2nd quarter compared to a $741.00 net income year earlier and warned that travel to man will likely remain depressed until there is a vaccine or treatment for the corona virus now you talk about safety when it comes to flying an aircraft proper training now is it truly going to take a vaccine before airlines and air travel returns to normal. that's a great point american runs the company that i floated for were also be put in losses but you know not to me quickly should not it but everybody focuses on you know profits and losses this is really about d.n.r. demand and quiddity and right now all of the airlines u.s.

carriers have enough to quit eating get through this. assuming it has a normal path to a vaccine american spoke to that united previously and everyone is expecting about a 50 percent of revenues here in the near term until we get their next enough vaccine it's the holy grail of ok now we've got our hands on a split in the interim in american soccer is happening with an increase in domestic traffic that hasn't gone on the shelf it is actually plateaued we've got to ensure that our passengers are competent to be on an airplane and it is with the mass the air circular. the cleaning. i would be on with my family who is trying to run my suit was and it is safe to be on the airplane now we just have to get those places that you go to open responsibly i think we all learned a lesson that if you rush to comply and rush to get back to normal this virus is just waiting to bite you and we can't allow

a rant now and we've learned our lesson and i think for those who are doubting now and absolutely when we're talking about some of this as transmissible as covert 19 it is concerning when you're in a basically an enclosed tube in the sky for 3 to 4 hours with strangers who you don't know so i definitely understand what we're looking at today and what we may be looking at with the pandemic now but the pain demick has decimated as we were talking about boeing there the aerospace shares boeing stock is off about 45 percent year to date air bus shares are down about 49 percent over that same time period for companies like boeing is the $737.00 max a bigger deal or is it the lack of demand due to the coronavirus. well i think it's both things right it's very tough to say that if the as i said before the 737 max we're recertify today doesn't mean that there would be a demand for it as dennis was talking to demand is a big part of this and how much of a demand is there for air travel right now how much of a demand is there for airlines to get back into that and remember that boeing left airlines hanging with this because it wasn't just boeing that could no longer

produce a $737.00 max dennis those very well airlines grounded those planes and governments ground of those planes around the world where they were not allowed to be in the air so that becomes a whole issue in and of itself but lastly i'd say this you know going back to the issue of the f.a.a. there comment period it's important that the f.a.a. shows a lot of transparency here because one of the things we learned about boeing and its relationship to the f.a.a. during this 1st route of issues with the 737 were simply the fact that boeing seemed to dismiss and disregard the f.a.a. in a lot of ways almost disrespecting the organization and the f.a.a. did very little to force compliance and they can't find themselves in that position again and it is going to be the final word to get about 30 seconds to respond to what ben just said there. and you know that it's about transparency and not letting what happened it's clearly happened happen again it's going to be an open book that can't be i've got a secret to this until we're done so you're doing what you said you're writing near

the pulse of this and that's why it's going to get so because we're talking now we've got c.b. actually captain dennis stager of the allied pilots association and boom bust co-host ben swan thank you both for breaking that down for us today. thank you and finally the month of mars continues as several countries are launching missions to the red planet this summer and china may be ready to take the lead the country announced a successful launch of its efforts thursday if all goes well the mission could be groundbreaking our correspondent turning to chavez has more on this story. china has successfully launched its most ambitious mars mission yet in a bold attempt to join the united states in successfully landing a spacecraft on the red planet this spacecraft called t. and when one was launched on the long march 5 carrier rocket from a resort province off the south coast of mainland china this video capturing the moment of the successful launch outsourcing immediate excitement from onlookers

like you could see the launch more into this in a 2nd flight to mars this week after a united arab emirates orbiter blasted off on a rocket from japan on monday this as the u.s. is aiming to launch perseverance its most assisted kids mars rover ever built the mission set to take place next week meantime china's 10 m. spacecraft equipped with both an orbiter and a rover will take about 7 months to reach mars just like the others and if all goes well when one which means the quest for heavenly truth will look for underground water if any as well as any evidence of possible ancient life but this isn't china's 1st attempt at the red planet in 2011 a chinese orbiter accompanying a russian mission was lost when the spacecraft failed to get out of earth's orbit or after launching from can. sixten eventually burning up in the atmosphere now this time china will be racing to the red planet alone but unlike other mars missions taking place this month china has tightly controlled any information that has been released about the mission reporting for boom bust trying to teach others

our take. and that's it for this time you can get boom bust on demand on the brand new portable t.v. app which is available on smartphones and tablets through google play and the apple app store by searching portable t.v. for the t.v. can also be downloaded on newer models samsung smart t.v.'s as well as roku devices or simply check it out a portable dot t.v. we'll see you next time. i don't know crap. no shots. actually felt. really strong

no just. switch your thirst for action. china japan and america that the top 3 economies of the world yes so now they are like it's atomic plates are moving away so that would be seismically significant that doesn't sound like a friendly cooperative globalized world to me. i 1st heard about you know. from the helicopter folks in iraq. i think the town people are going to be going to this military. i have never forgiven or. forgotten the phrase or the truth of the book a little let me give you some he was really starting to happen. in the

pen journalese died as you've heard from some serious lot of crimes to have no one audience. the idea of developing an anonymous digital phones and of clients in the media and since. that was a friend's. phone i didn't control him just right it would be for a short while from the room one of the world's most. unusual rooms and during a sinister silver founder to the song of the song knowing. there was a great deal of jealousy in the moments for him or the song the fit why won't it be more like all been accused seem all for. instance when he. says my. record. we have giuliani sides in solitary confinement in the prison for terrorists await you know how it's

a live person. i don't see him dying you know it's some. i don't. know what he's saying some. breaking news on our chief international police took letter suggesting you case an opposition party is pushing for our broadcast license to be revoked that is despite the independent regulator being supposedly immune from the political pressure. the brutal send off of groups. deploys federal troops into the city while the president slams the racism on the rest sweeping america. health organizations.