department store got $10000000.00 before they filed for bankruptcy and the company went under at chesapeake energy they got $25000000.00 intelsat even one in court the right to pay out $17000000.00 in bonuses to its top 6 executives amid bankruptcy the department of justice was actually blocked from stopping them this seems to be how the u.s. economy is structured in hard times working people lose their jobs their homes and their health care meanwhile corporate executives get paid millions. bonuses even when their companies go under but remember those of you who are down and out in the united states the white house has got good advice for you find something new it will bump and argue york. lastly some world news in brief starting with india where they have surpassed 1000000 cases on kobe and 19 it's the world's 3rd worst affected country and has registered over 25000 deaths lockdowns have been reimposed nationwide the government have recently eased safe distancing measures which experts think is likely to be a factor behind the recent spike. days of protests and bulgaria continue apace as a power

department store got $10000000.00 before they filed for bankruptcy and the company went under at chesapeake energy they got $25000000.00 intelsat even one in court the right to pay out 17000000 dollars in bonuses to its top 6 executives amid bankruptcy the department of justice was actually blocked from stopping them this seems to be how the u.s. economy is structured in hard times working people lose their jobs their homes and their health care meanwhile corporate executives get paid $1000000.00 bonuses even when their companies go under but remember those of you who are down and out in the united. states the white house has got good advice for you find something new. artsy new york. protesters have shut down an oil pumping station in southern there are the government to follow through in 27 deal to create oil industry jobs in the tough to win region amid soaring unemployment soldiers have been deployed to prevent damage to the site so far no clashes have been reported. gathered outside the israeli prime minister's residence on thursday night calling on him to resign over corruption charges hundr

department store got $10000000.00 before they filed for bankruptcy and the company went under at chesapeake energy they got $25000000.00 intelsat even won in court the right to pay out $17000000.00 in bonuses to its top 6 executives amid bankruptcy the department of justice was actually blocked from stopping them this seems to be how the u.s. economy is structured in hard times working people lose their jobs their homes and their health care meanwhile corporate executives get paid $1000000.00 bonuses even when their companies go under but remember those of you who are down and out in the united states the white house has got good advice for you find something new in the bop and r.t. new york. this is out international good morning thanks richard interest this morning live from moscow coming up we report from yemen an alleged saudia strike has killed around a dozen civilians and on top of the ravages of war now the red cross is warning that a new catastrophe is on the way with deadly rains and floods will be much more just about 90 seconds from now is exactly 17 past the hour. join me every thursda

$10000000.00 worth of bonuses and $80000.00 people lost their jobs yes widing petroleum $14000000.00 chesapeake energy $25000000.00 so they're spreading all of these bonuses around now in bankruptcy there is something called preference and that is if you move money away from what should be a bankrupt fund then you can pull that bank back in but the laws the laws give these c.e.o.'s a lot of wiggle room with well they do and one of the things that obama did do in actually you know this was back in 05 they did this was over the bush administration is they put in a loophole that said you can only give a retention bonus because that's what they like to call these at the end of the year you did such a good job we're giving you 25000000 so you don't leave us so they change the law and said well you can't do a retention bonus unless of course you have an offer from another company and then it's ok that is how for a long time they were getting around a lot of these loopholes or a lot of these these bonus laws and that's an important part of it too because they realized by doing these little tricks by working

cheryl: we had the news chesapeake energy filing for bankruptcy, if not the biggest fracking companya fracking story? >> overall usage. how much more storage and production can we have? if you think about what is happening, most people are not driving or flying. until we get more back to a regular schedule how can we predict the energy usage will continue and where oil will bounce to and from in that time period. i think it would be nice to have a clearer picture before jumping back into that. cheryl: are you worried about a second wave of the virus? >> i think i'm always worried about the second wave. you never know what is going to happen. do you think the second wave will be as bad as the first? not necessarily. i think you have to plan for that if you're investing, more than anything. why take the risk if you don't have to. then you get a clearer line of sight as we go through, feeling like a little bit of a "w." cheryl: ed, thank you very much. we're looking for the recovery. [closing bell rings] the dow slipped into the close. nasdaq out of the park again, another record. 22 fo

in june alone, chucky cheese, chesapeake energy and 24 hour fitness a bankruptcy filing.p 44% from last year. many are attributing their plight due to the shutdown from the pandemic because much of the company is opening back up doesn't mean the filings are ending here. without ample revenue, cash awards, credit lines, government loans, but by the third quarter those will dry up says jim millsteen. >> i think you'll see, you know, a wave of bankruptcies it will make april look like a light month for bankruptcy filings. september, october could be really disastrous. to account for this, restructuring advisers have been beefing up their teams to prepare for an onslaught according to the american bankruptcy institute guys >> before you go, leslie, what about individual consumer bankruptcies, chapter 7. that's a conversation we haven't had a lot and we haven't heard a lot about. what happened to them in the first half of the year >> so that's what's really interesting. companies saw a big uptick in bankruptcy filing but individual consumers saw a decrease year over year. 24%