well i thank you for that analysis very interesting batch from the bettles money institute. all right let's take a look now at some of the other stories making news around the world are flooding in bangladesh and the aftermath of. that devastated tens of thousands of homes the death toll that neighboring india has exceeded 100 estimates suggest at least 100000 people are stranded in their homes with nowhere to go without food or clean water. locked down restrictions in the u.k. will be eased to allow groups of 6 people to meet outside prime minister barak's johnson says the new rules take effect from monday people will be allowed to meet in parks and private outdoor spaces provided they stay 2 metres apart. easyjet says it plans to cut $4500.00 jobs the london based budget allen says the coronavirus pandemic will affect demand for years so we need to shed 30 percent of its workforce the company says it down to demand returning to prepare levels in about 3 years. of demonstrations and looting has shaken the us city of minneapolis for a 2nd day after the death of a black man i

talked to bernard bard she's a senior expert in china and asia pacific affairs at the battle's money institute we asked him what this new law might mean frog this law is really a devastating blow to the freedoms and autonomy of hong kong it is a big blow to the hong kong people who are now off the field now that they did all right. she could be just the other right that it will be next for example will we get to some extent and the internet this type of taken away and of course a lot of the konami freedoms also at stake no so this is a very dire for. ballard barge of the bertelsmann city there let's get your mind of our top stories this hour the u.s. is restricting travel from brazil to keep out additional drivers faction's south american country now has the world's number 2 number of covert 19 factions after the u.s. . and then a minute yahoo's become the 1st israeli prime minister to go on trial was 1st to face charges of fraud breach of trust and bribery at age groups work just days after he began his sister. this is news live from berlin i'm brian thomas with the entire team facts so much

institution institutional money came into the residential real estate market which was welcome.r up from there where they were increasing the returns on their investments by 7, 8, 9% a year. you found that there was plenty of demand you had coming out of a housing crisis, a foreclosure crisis there was plenty of pent-up demand for housing. so the institutional money, people like invitation homes, american homes for rent, they were some of the bigger ones. they purchased millions of properties mostly in the low to moderate, low to middle end of the market. they tend to focus on popular suburbs that are next to urban centers, and they focus on folks that tend to be higher credit, higher income. it's turning out that the performance of that book of business, think about folks who have lost their jobs or you have hour badge forbearances out there, it's turning out that this book of business, single-family rentals in these markets is performing meaning that only low single digits have missed their rent payments so far. connell: hmm, that's interesting, you know, given all we've been

money. >>> the national institutes of health is launching a study to learn more about how the coronavirus impacts children. most kids have mild symptoms. but not all do. doctor tina hart one of the school of medicine is leading the study remotely. monitoring about 2000 different children and their families in 11 cities nationwide. she says that more data should be collected before a decision can be made to send kids back to summer camp or school. >> i think it is really risky to base decisions about this on the fact that children get less sick from this virus because that does not equal children being less likely to transmit the virus. >> we are not completely sure what the risk factors are or why these children get sick with covid-19. >> university department of health says their 15 children in the hospital with very rare inflammatory syndrome. and they say it is potentially associated with the coronavirus. >>> governors some has the right to ban church services during the pandemic. this comes after a cross culture christian center in lodi sent a cease and desist letter after police ente

institution? have fourews is we times more money today than before the global financial crisis. the global financial crisis world to expand the capabilities of the fund. we have $1 trillion of lending capacity. in any conversation i've had with shareholders of the fund, they would like us to stay focused on delivering with what fromve, but not shy away upsetting the situation. if more needs to be done one of our administrators would say all options are on the table. if more needs to be done, we will be able to do it. >> thank you. thank you for that answer. we are starting to get some questions in online. i hesitated to put this at the top of my questions, because for is hard tosdr understand, but a lot of question circle it. this is the one thing that did not happen. they're obviously political questions on this. how critical is it that there is an increase, maybe even by $1 trillion very quickly? anthis what could make you international lender of last resort? that is what is missing in the picture is an international lender of last resort. there were talks about schwab and tho

institutes and by directly financing department centers. the national defense authorization act for fiscal year 2019 authored bipartisan legislation prohibiting the department of defense from funding universities with the money could go to confucius institutes. as a result, over a dozen confucius institutes have closed. we need to stand up and deal directly with the threat china poses. china bears direct responsibility, direct culpability to the over three and a thousand people who have died worldwide for the trillions in economic livelihood that have been destroyed. today i introduced three pieces of legislation to directly address chinese censorship and their responsibility for this pandemic. we as a body need to stand strong protecting u.s. national security, protecting the lives of americans and ensuring accountability the chinese communist party has that for censorship's there hiding the pandemic as a result of their cover. >> mr. president we have seen things in the pandemic s crisis that no one in living memory has dealt with in so many ways we try to write the book and read the book at the same time. trying to figure out how we get to where we need to be. clearly there's been an

money. the institution said that cincinatti is the second most at risk for income loss. $90 million deficitooking at because we're relying on income tax. >> all right. i'm out of time. i'll make a point for adler that i know from looking at his budget figures in the stichlt the democrats are not in power in the senate. they in the house. they didn't fight to give states and city the money he needs in austin. that the state of texas needs. that cranley needs in cincinatti and ohio. they didn't fight for the money for the local government. so they can't have the money for the manpower to trace. that's a big need. that's on democrats in the house. you have to be fair about this. mayor adler, the best of luck to you. i'll give you break it's friday night. i won't come at you again. mayor cranley, thanks to both of you. i wish you good luck going forward. we're a call away. >> thank you so much. >> all right. you put responsibility on the cities to do things they can't pay for and don't give them money. come on. in these troubling times we have to be real and we cathedrneed h. there's a will the

these confucius institutes have also spent a lot of money in this country. so schools have taken money and they have not properly reported it. that's what our report indicated. and as a result, the department of education is now cracking down on some of these schools to say you got at a minimum report the funding. our subcommittee is right now wrapping up its review of three chinese government-owned telecom firms that the f.c.c., federal communications system licensed to operate here 20 years ago. we share concerns with the justice department regarding these telecommunications companies complying with u.s. law enforcement requests and whether these entities pose a national security risk by being vulnerable to exploitation by the chinese government and the chinese communist party. last year the f.c.c. denied a license to china mobile to operate in the united states for these same reasons. so that investigation is coming to a head. we're going to have a report coming out soon. we'll learn more about this. but again we've got to be sure we're not naive, that we

so what we have to do is we have to put money into institutions' hands, into people's hands so the jobsn't lost in the days to come. >> when you ask where all this money is going to come from, what do you say? >> what i say is when push came to shove in the financial crisis, we had $4 trillion for the banks. we had $1.5 trillion for the big companies and n the trump misplaced tax cut earlier in his term. this is a bailout for the people. we can see very clearly that we need it. the money does not disappear. it goes right back into our local economies to keep food on the table, roofs over people's heads and small businesses open and functioning. >> i want to show our viewer, andrew, some unemployment statistics we just received from new york state. while all demographics have seen huge increases in unemployment, asian work verse seen a 6,900% increase in unemployment from last year. what do you think of that? >> it's unfortunate, but new york is the epicenter of this crisis in many ways. that even as other states are considering opening up, i know much of new york city and new york state

making markets so is taking money from beijing more of a problem then compared to taking money from other institutions if not all the world powers know the world bank so i wouldn't call it a problem i would say the it's a very different deal that you get from from say a loan by the world bank of china china usually lens as part of a package where you might get an infrastructure. construction project that is financed. by a chinese loans and implemented by chinese for chinese workers and the terms there are market oriented right so if there are to be high interest rates whereas the world bank does not offer these package deals that in my request political conditions but the interest rates are usually low and the lending is concession also maturity so long as all these are loans that are easier to back them than the ones that china or i well in addition to that there is the concern over china's hidden debt why is that an issue. it is an issue because for a risk pricing say i'm going bester and i want to buy a sovereign bonds of the african nations then $1.00 of the fundamental things i want to know is wh

you have to spend money to institute the measures, right? in b of the reduced capacity, it'll cause a major problem for you fo and your small business and survival. >> absolutely. >> it'll be a long road ahead for a lot of the restaurants, especially in the big cities al where your rents are higher, as well. let's talk about some of the southern states that are beginning to reopen. they're also seeing a rise in new cases of the coronavirus ast they are reopening. is a big factor in this rise that states have begun to perform more testing, they have the capability to test more now? >> exactly. we've updated our national coronavirus map on axios.com to show where case numbers are. remember, the number of total cases is a key metric in reopening for the federal government. they needin to have a consisten two-week decline in the number of cases to hit the guidelines to begin moving forward with reopening. many states are not hitting e that. as you said, it could be becaus, of increased testing. now, that's not a complete solution. if you're doin

institutions like broadway of nonprofit museums. $3.6 billion alone, the effort has a champion in powerful democratic congressman, jerry nadler. >> we have to give money to private cultural institutions was i'm not concerned about borrowing money by the trillions. >> reporter: nancy pelosi says any delay in new spending will devastate real americans. let's discuss that with republican congressman kevin mccarthy from california, good to have you back. i want to play a little bit of the speaker talking about the new fight over funding and how it does or doesn't come together. >> we have to put money in the pockets of the american people recognizing the pain, the agony that they are feeling. to those who suggest the hunger doesn't take apart, the rent doesn't take a pause, hardship doesn't take a pause. >> reporter: democrats are playing hardball. they have a wish list and if you don't come together with them at the table real americans are going to suffer and you know how that will be how they campaign on this, how are negotiations going? >> no one is invited to the table, even democratic members. this is a pelosi lead type frame written in private, the

having this information is also going to save time and money for our research institutions and our universities. they'll know now where the funding is, where it's going. how it's being used. third, the state department is on the front lines here in vetting visa applications for visiting scholars and visiting students, but it is not permitted to deny a visit to individuals coming from overseas who are intent on stealing u.s. research. that's just wrong. our research enterprise in this country must remain open, we agree with that, we want to attract people from around the world, of course, but we've got to have common sense safeguards to prevent bad actors from taking advantage. this does that. denying visas to foreign researchers seeking sensitive research when doing so is a threat to our economic or to our national security. the state department, by the way, wants this authority. the career officers who came and testified before us said we would like to have this authority because we know we're letting people in who are coming for one reason and one reason only and that's to take u.s. research.

these confucius institutes have also spent a lot of money in this country. so schools have taken money and they have not properly reported it. that's what our report indicated. and as a result, the department of education is now cracking down on some of these schools to say you got at a minimum report the funding. our subcommittee is right now wrapping up its review of three chinese government-owned telecom firms that the f.c.c., federal communications system licensed to operate here 20 years ago. we share concerns with the justice department regarding these telecommunications companies complying with u.s. law enforcement requests and whether these entities pose a national security risk by being vulnerable to exploitation by the chinese government and the chinese communist party. last year the f.c.c. denied a license to china mobile to operate in the united states for these same reasons. so that investigation is coming to a head. we're going to have a report coming out soon. we'll learn more about this. but again we've got to be sure we're not naive, that we

money from its endowments. 35% of itsghly operating fees from its endowments every year. that is possibly why it is one of its very best -- that is possibly why it is one of the very best institutionsthe world. are restricted. they are generally very limited in what they can be spent for. you cannot turn around and use that money for something else. ideed, just to the other day received something from harvard, noting they had put hiring freezes and salary freezes in place and they had cut salaries of some of the top officers of the university. every college and university in the world will be negatively impacted by the pandemic from the richest, most prestigious, to the smallest and most humble. grasping toution is respond to an unprecedented economic and public health emergency. it will take a while for institutions to figure out how to do it. loanrd did not turn down funds. harvard turned down funds that congress provided that were for the institution and students. harvard students will release -- receive less funds because harvard turned down the money. congress wanted some of those funds to go directly to students. harvard decided it was simpler not to take any funds at all. ha

institutions like broadway and nonprofit museums. a mask of $3.6 billion alone, but a champion and powerful democratic congressman, jerry nadler. >> i think that we do have to give some money to private virtual institutions. and i'm not concerned frankly about borrowing money by the trillions. >> shannon: tonight top speaker nancy pelosi says any new spending will -- we will discuss that with minority leader. kevin mccarthy, good to have you back, sir. >> thank you for having me on again. >> and i will play a little bit of the speaker talking about the new fight over funding and how it does or does not come together. here's what she said. >> we have to put money in the pockets of the american people. recognizing the pain, the agony that they are feeling. to those who would suggest a pause, i will say that the hunger does not take a pause. the rent does not take a pause. the hardship does not take a pause. >> shannon: okay, so democrats are playing hardball, they have a wish list, they say that if you do not come together with them at the table, the real americans are going to suffer. and you know that's how they are going to campaign if you don't step up. how do the negoti

institutions. if they were going to be losing money, the result was, if they closed the institution, they would saveoney. it was really a follow the money story, i think. host: some statistics you mentioned, the community care aspect of this never materialized. i found in our archives that they celebrated the 50th anniversary of this act passing as though it had a big impact. did it have a big impact? susannah: of course it did. i think you walk the streets and see people who are -- i think it closed a lot of places that were terrible, but i think it left a lot of people who needed our help the most without help. so it had a huge effect on closing very bad places, which is a great thing, but i think it was not fully actualized. i think that there is a lot that could have been done with these ideals. i relate to the idea of treating people within the community. that is a wonderful model, but the money was not there. you can see on your walk -- for me in new york city, i can see it on my walk to work every day, passing homeless people who are very sick. host: the stat you have in your book is 90% of t

money. the brookings institution said that cincinnati is the second most at risk for income loss. $ $90 millionicit we're looking at because we're relying on income tax. >> all right. i'm out of time but i'll make a point for mayor adler that i already know from looking at his own budget figures in that city. the democrats are not in power in the senate. they are in the house. they did not to fight to give states that adler needs in austin. that cranley needs in cincinnati. and that dewine needs in ohio. they didn't fight for the money for local governments, so they can't have the money for the manpower to trace. and that's a big need. that's on democrats, too, in the house. you have to be fair about this. mayor adler, the best of luck to you. i'll give you a break because it's friday night. i won't come at you again. mayor cranley, thanks to both of you. i wish you good luck, going forward. we're always a call away. >> thank you so much, chris. >> all right. you put responsibility on these cities to do things they can't pay for, and then you don't give them the money. i mean, come on. in these

money. they shouldn't be paying fees to large financial institutions, and direct deposit should absolutely be an option. >> reporter: we asked bank of america about the fees. it said, we are waiving express delivery fees for replacement cards, and we are pleased to support the state of california in their efforts to provide these critical funds to millions of residents during these unprecedented times. stacy wants the state to rethink how it pays benefits and eliminate the bank middleman who is between unemployed people and their unemployment benefits. >> yeah, i think direct deposit would be easier because it's just one less step. >> reporter: one more time, here's the website to check to see if you have unemployment benefits on a card you probably forgot about. we asked the edd for information about all of this. we sent them some questions last tuesday. yesterday they responded and said, we might get some answers next week. we're going to leave this up while we talk one last bit about fees. you don't necessarily have to get stuck paying those fees. you can use the debit card at stores just

course as i say the question now is what this means going forward in so far as the money that the european institutionshave agreed to deal with the coronavirus pandemic that is not included in this ruling that is safe in that in that sense what this is about is what the european central bank has been doing front for the economy of europe because constitutionally they can deal with monetary policy and not supposed to deal with economic policy that's the take we can as it were take from this ruling today thank you for that dominic a knife are assembling. libya's internationally recognized government has launched an offensive to capture an air base controlled by the warlord highly for have tar our t.-a has been used to launch airstrikes on government forces they recently seize control of major cities along the western coastline and rejected have to ask call for a ceasefire during the holy month of ramadan. now to kenya which shelters nearly half a 1000000 refugees from neighboring somalia and south sudan they live in crowded camps at risk of a coronavirus outbreak with little or no access to health care a

it by making sure all these universities and colleges taking communist china regimes money for confucius instituteswe make that transparent. what are you getting in return? what are you giving? don't you understand that china is spying when they do this? we do this by supporting taiwan. nothing gets under their skin more than when we support taiwan. taiwan should be a member of the world health organization. china has fought it for years. that's make that. >> bill: do you think these trade talks next week just a quick answer on this. apparently they are still alive. do you think we should have those trade talks or call them all for now? >> we can have trade talks, but we need to be in the driver's seat on this. i don't care of america buys t-shirts and light bulbs. i want them to depend on china for pharmaceuticals and medical products. we need to make sure that we are being smart about this and we need to let china know that we are onto them. >> bill: in the 30 seconds i have left. help those truly in need but stop wasting billions on others. what you mean by that in the mass of trillions of dolla

is it retail money going into these etf's or institutional moves? sios: i think jets is an interesting want to look at because it is a lot of retail. if you look at platforms like robin hood, a lot of the money is coming through that. this is almost exactly the opposite of what some of the bigger institutions are doing. obviously, buffett had gotten out of his positions and airlines. a lot of retail investors, which sometimes tend to follow retail investors, doing the exact opposite. isause of that, now jets becoming a pretty decent sized folder in these names, so jets is no i top five holder in american airlines. it is definitely more retail money betting on some of these names. vonnie: thank you. that is tom survey gets -- that arofagis with etf friday. big cuts underway at renault. we will have more on that next. this is bloomberg. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please

it was a convicted sex offender if that didn't disqualify him from not only giving money to these types of institutions but they're around a lot of younger people and then on top of that how many other epstein's might there be out there that are looking for institutions like harvard or mit to cover up their misdeeds. and you also have to ask is of the question how many what did he do in their name or what did he do did he hold himself out as a member of the curriculum of the staff is one thing to be i'm just here in some kind of a kind of an assistant mode right like i don't or represent them when they could be then vicariously liable where he becomes almost like an employee or somebody who acts in the name of so believe me they're not going to be coming out and say oh look what we just uncovered look at all the things he did in our name but something tells me as the litigation commences it will and it is you're going to find an entanglement that could very well prove even more problematic and embarrassing oh i'm sure a lionel you and i can bank on this that the epstein case is just going to continue t

institutions. i would like to ask that the money being set aside by big publicly traded companies in the p.p.p. for loans to businesses that are truly small. the very small businesses with under ten employees and other underserved rural, minority-owned and women-owned businesses. too many big companies rushed in to secure early lending in the early days of the p.p.p. program, while smaller businesses were shut out. they should have put out stronger guidance to the banks in the early days. something i believe they were trying -- they are trying to correct now. we can begin to right those disparities if treasury would simply redirect -- redirect the return loans to truly small and underserved businesses using community-based lenders. i hope secretary mnuchin will agree to. another issue that cannot wait for another bill, of course, is testing. testing is the key to finely defeating this disease and it's the key to safely reopening the country. president trump promised on march 6, his words, anybody that wants a test can get a test. that was president trump two months ago. it's still not even clos

institutions. not all of this ransomware is asking -- is demanding money.ur adversaries have appreciated that the u.s. is incredibly vulnerable and are achilles heel is cyber. emily: when you look at the threat landscape more broadly, what are you most concerned about? there is so much debate about reopen and soy many unknowns for an indefinite period of time. tom: we are incredibly dependent on technology, as evidenced by this interview. all organizations and corporations and agencies are implicitly trusting their communications and their operations to the nexgen of the web. commandeer -- it is called island hopping. they will hack the executive at home and use the corporate network to launch attacks against their customers. we are also seeing in line with that an increase of destructive attacks. what happens when a major financial institutions infrastructure push against their shareholders and constituencies? liquidity,tility of given things like nonpublic market information that could be manipulated to change strategic decisions, i am very concerned that

back in providing monetary and fiscal support limo interests book to provide money for financial services assistant to. institute to the real economy to companies that need to continue paying their employees for example and then the physical responses being incredible to support that is until he's whom not had much work because of the self employed. and prices and that's really not i think this last point about the fiscal stimulus is it is really because this falls are really great to use this terrible crisis as a platform to really change the way the world looks as we recover and by that what i mean is particularly in europe with the new green deal is to focus on an issue that other really have comparable business been running for several years bitches climate change and being able to drive the transition through these there's constant regions from ohio comes a low carbon economy really good. it would be would be an excellent outcome and we hope that will be the outcome i want to ask you about something in your report that caught my eye you write about a fault strike cottony a public health and economic well be

money. both of those institutions. >> and it became fannie and freddie, even though they were essentially started by the government, they became like private entities? >> they were privatized in 1968 and in 1970 they were given authority to go where they were originally were, buying backed-mortgages into vengessal market where they would buy regular mortgages, that made them very important profit-making institutions. but the political relationships became extremely important for them because as they grew and got bigger and bigger, the dangers were always that somehow the government would move against them, regulate them more strictly and there was a great deal of push in the bush administration for much more regulation and from their point of view especially fannie which is much more political from their point of view to avoid more regulation they had to rely on the democrats in congress. democrats in congress were very focused on making sure that opiniony and freddie supported low-income housing and even though they were beginning in the 2000 to find that they were buying mortgages that would ul

as far as using a distant institution we could have but quite wrinkly the money got out quickly in the loans were processed rather quickly and i think most small businesses got a ppp loan before individual taxpayers got their check from the irs so i'm not sure if there is a better way to start a new program and i think we were successful in getting money out quickly. >> one of the things that came up in a discussion with secretary mnuchin is the period of time and i may get these numbers onto there was an eight week window and now many of these committees are coming back online and that loan time is too short and saying we need to move it to 12 weeks or much longer time. but where is the right equilibrium for small businesses in terms of bringing employees back now but not getting in a guillotine on the loan being due? >> i certainly support giving flexibility on the eight weeks. when we pay on the program we are hopeful that they will be long enough or businesses to realistically have the full workforce back in place and that is the case. i support increasing that time in which you co

institutional investors turn very bearish. while those duke it out, i'm going to follow the technicals retailers pulling money out of etf. earish on the institutional side the shortest since 2015. more since 2001 on the sidelines. there is a lot at play here, we are seeing our retail investors continue to buy throughout this last couple of months. >> listen, this is going to sound a little weird i know there is 36 million unemployed nobody is reducing that at all thankfully, congress has stepped up stimulus has helped a lot of families at least for now. is there a small argument to be made that the economy is not as bad as the giant headlines might suggest. given that 120 million americans are still working, they are saving their money and there appears to be some pent up demand i'm not saying it is good but maybe a 1 outer 10 instead of a 3 or 4 out of 10 >> i appreciate what you are saying you have to remember, those unemployment checks coming in, they get $500 bonus. if you are one of those unemployed, you could be making more money than you did when you were most people got those $1,200 bonus checks before the governm

money supply the fed has direct control over. when the central bank goes out and purchases and asset, they are different than other banks and financial and duchenne -- financial institutions they print money to pay for it which adds reserves to the system. what the federal bank does not reserve -- control is the broader money aggregates tied to the banking system. recent efforts, the balance sheet, the monastery --monetary base hi money high money is up and broad money measures are over 20% plus over the same period. that is more significant that what we saw from the fed's first phase response in 2008 where broad money measures barely budged. fed is some evidence the may be getting more traction this time. tom: does the theory work? a lot of theory we studied in school, does any of that theory and in the complete fiction fantasy we are dealing with now in monetary reality? michael: i think the theory works in the sense that the equation of exchange is a truism but you are dealing with moving variables. when you have a shock like the global financial crisis or the coronavirus shock, the velocity of money will change so you don't have a 1-1 relationship with changes in the

institutional money is starting to get short at these levels, which can sometimes be a contrarian indicatorere is just not a lot about you on the upside. you: how closely are monitoring what companies look like on the other side of this? i have been talking about this for a few days when it comes to bowing. eing.mes to bo the fed was able to open up the bond market again, but that is $25 million of debt that is now on their balance sheet. you mentioned sam zell and not being able to provide opportunities. but then you have these companies re-levered yet again. how do you look at that on may be a two to three-year horizon for equities? darrell: it is a great point. it is probably an underappreciated point in the markets. the issuance in the investment grade and high-yield market has just been off the charts the last six weeks. companies are able to finance as much as they want at relatively cheap spreads for low cost, but it is increasing debt on balance sheets. corporate that was already relatively high heading into this slow down, so it is going to increase more. if you think about the tim

money. they shouldn't be paying fees to large financial institutions, and direct deposit should absolutely be an option. >> we asked bank of america about the fees. it said we are waving the fees for express cards and we are plea pleased to support the state of california. stacy wants the state to rethink how it pays benefits and eliminates the bank middleman between people and benefits. >> i think direct deposit would be easier. it's one less step. >> well, you heard about all the fees. you can avoid them, set up recurring transfers from the deb b bit card to your own bank. bank of america says there is no fee from that. make sure you transfer any unused penny. any unused balance will get to the bank. we added a link to the search tool on nbc bay area.com/responds. >>> up next at 5:00, a rare deadly shark attack south of the area, and a socially distant mother's day celebration. how people are adapting to honor their moms in the pandemic. >> and here is our own sergio with his mom. those two travel the world together. happy mother's day. back in a momentum.

golden strait jacket as it's called that's like literally the term that these institutions use prevents countries from spending money on things like public health it always goes back to the debt repayment right they force them to have austerity right order to pay the death yet and what purple like a lot omar and bernie sanders are proposing and even german corben in the u.k. is that we cancel the debt so they can you know start taking care of their own people and then we invest in reserve currency so these countries can invest in you actually use public spending in a way that benefits things like disease relieve there's going to. if you could actually happen it doesn't because. you were given so much hope in the room and. not happen if only one of those people had a chance of becoming president maybe this would but fitch ratings the rating agency has said that if the multilateral development banks if they do that their credit ratings are just going to you know fall so we can all know that well that's the most important thing is the credit rating right thank you so much energy i think you. all right here are your hea

institutions, and that was a step in the right direction. i noticed that secretary mnuchin mentioned before a hearing this week that he is amenable to allocating additional moneys to the cdfi's. we need to allocate at least $10 billion to the cdfi's and the minority depository institutions. in order that the resources are targeted to the underserved, underbanked communities. but quite frankly, i think we need to do even more than that. i've introduced legislation with senator booker that will help develop the financial institutions in the underserved, underbanked communities. it will strengthen the abilities of those communities to have institutions in place that can help deal with the credit gap in the underserved communities. our legislation would also strengthen the s.b.a. tools that serve the underserved communities. all this, we believe, can be done to help strengthen our commitment, which was in the cares act, to make sure that all communities are fairly treated in the tools that we made available. another thing that we can do immediately is get the data. that information can be made available now. and i know that secretary mnuchin has tried to help us ge

to many organizations for which the vaccine conference was raising money and this was not about pulling back for multilateral institutionsthat they were crdinating with the g7 and the g20 and they would work with european partns. it sounded like reasons they should hcoe been at thert. at might have been because who thre there. the chinese wher in the trump adminisation has accused china of covering up information at the beginning of the outbreak, which led to it going worldwide. the world alth organization was there and the trump administration has cut off the who andhey should have challenged china about the information it was getting. i am reading between the lines. we were not geren a clear an >> that is all you can do. what are they saying about how the vaccination program is going and what the research tells us in general? baara: they were active in the vaion front. they had been giv billions of dollars, the government and the private sector towards vaccination development and research on drugs. just about money.e it is not this is about international coordination and rolling out the vaccine and shouldn't the u.s. b

paid in fraudulent claims but say the state collaborated with financial irnsz institutions across the country to recover the moneyne other states. >>> as the u.s. battles coronavirus a new threat to national security could be looming in north korea kim jong un continues to advance its nuclear program. joining us now from london is moll li hunter good morning >> good morning. that's right so the headline is that north korea is continuing its work on its nuclear program. all of this stems from a new report with satellite images obtained exclusively by nbc. in those images it shows on going activity at one plant in particular and frances, it's believed to produce oso-called yellow cake uranium, a component of nuclear fuel we saw kim jong-un presiding over a military meeting. it says officials discussed quote, new policies for further including the nuclear deterrence of the country and putting its strategic armed forces as a high alert operations now, of course getting north korea to dismantle its nuclear capabilities has been the hallmark foreign policy objective for president trump. it isn't clear that this specifi