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is dealing with the virus we join it or we're joined by boom bust co-host ben swan ben thank you so much for joining us today. ben when it comes to our how efficient is ai in terms of tracking this virus. yeah you know i guess that's kind of a big question a big umbrella in terms of what you can do obviously it's wide but if we're talking about the specifics you know you mentioned that company blue dot and what blue dot is doing is very interesting is taking information specifically from social media posts from news reports from government agencies it's compiling all of that together and it's trying to anticipate where there's going to be an outbreak interesting lee guys if you look at what they were able to do blue dot and it's a i was actually able to predict some of the locations of where corona virus was going to be the hardest hit before the world health organization even declared a public warning about it even before by the way the c.d.c. did so the ai seems to be working pretty well in that respect also interesting. you have the alibaba now has a power diagnostics system get this they claim it's 96 percent
is dealing with the virus we join it or we're joined by boom bust co-host ben swan ben thank you so much for joining us today. ben when it comes to our how efficient is ai in terms of tracking this virus. yeah you know i guess that's kind of a big question a big umbrella in terms of what you can do obviously it's wide but if we're talking about the specifics you know you mentioned that company blue dot and what blue dot is doing is very interesting is taking information specifically from social...
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ben swan ben thank you so much for joining us today and you know when we talk about federal bank response as well i mean the bank of canada just friday afternoon as well cut rates to point 75 percent so there varies a lot of action going on and it's moving so so fast as this number one economic crisis if that's what you want to call it is going on as well as the pandemic of the coronavirus so bent the fed announced trillions of dollars worth of new capital injections to calm treasury bill liquidity issues and boost economic activity amid coronavirus risks we know you're not a fan of central banks propping up markets kids being what we have seen over the last few days doesn't the fed have to do some more and what exactly are they doing right now to prop markets up yes so i don't think the fed is the answer certainly but you are correct that markets right now feel like they need to help in a lot of ways that what we saw on friday afternoon was very interesting you said here in the lead up up almost 2000 points for the dow 'd on friday 'd which is a huge job about 10 percent back up still know the racing you know all of the losses for the week but what is significant up. that were a couple of things the president came out and he said on top of trying to reassure the public that they're working with google which that's a whole issue working with google to try to create a website where people can get on and monitor what's happening while working with leaders like the c.e.o.'s of wal-mart and c.v.s. and walgreens and target to be able to establish places for people to go and be tested for drugs virus which has been a big issue he also talked about the strategic petroleum reserves and buying a large amount of oil now that indicates that oil prices will probably get some relief and that will be good for the oil market which has been really hurting he also talked about canceling interest on student loan debt on all loans held by the federal government so it'll be interesting to see how that affects markets as well but we did see kind of a big rally at the in the friday now coming back to the federal reserve next week we're expecting to see the fed essentially take a look at whether or not they're going to go ahead and drop interest rates to nearly 0 with appears that that's what's going to happen that we're looking at a b.p. about a $100.00 b.p. drop so about base point drop of a 100 which would really take us down to 0 that's probably where we're going to be that's what goldman sachs is saying of bank of america they're both calling for both expecting that's a huge huge move right there by the feds if that and up happening but i do want to talk a little bit about the numbers like you said we're seeing them skyrocket or at least double basically speech they went down toward the beginning then spiked about 2000 points toward the end of his speech he's still saying the market will be just fine at least as of yesterday when he spoke to reporters saying that we're going to come out of this bigger and we're still up ever sence from what when he started his as presidential after the elections now sure after he took office but i do want to ask you is the president just spinning and hoping that things work out fine or is this something that's actually going to happen. well look i think the president 1st of all has to recognize that corona virus is not the cause of a lot of this there are supply concerns that we talk about on the show all the time there are issues with what's happening in terms of the market and liquidity and all that but the coronavirus is not causing markets to crash the over leveraging of markets the fact that the fed has been pumping up the markets for so long that is where you have this over leveraged bull market for 12 years that eventually it has to come to an end and so when the president says don't worry we'll be fine book number one we're still up about 20 percent from where he took over but at the same time you have to recognize you can't go on indefinitely short term i think the president's in a good spot because i think ultimately he's right when you say things that wall street wants to hear when you say we're working with the business community when you say that we're going to start you know dropping interest rates even more and we're going to start the government's going to start buying up in certain key industries to help them out that's going to sit in the numbers up no question about that but the long term problem remains which is that we have an over leverage market and we have a fed that in the next week within the next $7.00 to $10.00 days is going to pump you know trillions of dollars in the muck about $1.00 trillion dollars being pumped in that our market right that is unsustainable exactly it's unsustainable and bad i mean it just seems like when we talk about unsustainability of the market i mean you look at this week we have you know a 5 percent again a 10 percent decline a 5 percent to 7 percent gain of 15 percent decline and now today you're back up 12 percent i mean it's just unsustainable completely is it not. well it isn't sustainable and what we're seeing 2 of the fact that we have these highs and lows that are so dramatic and my suspicion is and i can't prove this but my suspicion is is that a lot of this is a game that's being played that that wall street is intentionally dropping these numbers because then they can force the feds to react they can force the fed itself to react as well as the feds to react and to give them what they want they want the row interest rates they was more liquidity they won government purchases of what they're doing and so they're actually i think that wall street's manipulating the market now and say hey we're going to call your bluff if we drop by 10 percent you'll bring us back up by 20 percent we can drop it load we can rebuy it the next day and it just seems like like we're living in upside down town right now with the way who that is being conducted it just seems completely nonsensical and it doesn't seem to be based in reality at all boom bust co-host ben swan we could go on for ever talking about all of the things that are happening right i thank you so much for your time. another turbulent week for the global markets as the coronavirus continues to spread the indices remain volatile and they're all lower for the week many stocks even now in bear markets let's start in moscow where the mo extend for the week after a sharp decline on monday following the oil spot with saudi arabia this was over oil production cuts the ruble and russian stock fell following president trump speech on one seen night when he issued the travel ban on europe the r.t.s. index fell below the landmark 1000 point level for the 1st time in more than 2 years asian indices were all slammed friday following the u.s. market plunge and much like wall street every major financial market in asia except for china is now firmly in bear market territory in shanghai the composite is down for the week saw a sharp decline on friday alone it was able to pick up just a little b
ben swan ben thank you so much for joining us today and you know when we talk about federal bank response as well i mean the bank of canada just friday afternoon as well cut rates to point 75 percent so there varies a lot of action going on and it's moving so so fast as this number one economic crisis if that's what you want to call it is going on as well as the pandemic of the coronavirus so bent the fed announced trillions of dollars worth of new capital injections to calm treasury bill...
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industries and joining us now to discuss this is a school bus co-host and investigative journalist ben swan ben thank you so much for joining me today boeing says that typically 70 percent of its revenue flows to its 17000 suppliers and has told lawmakers that without significant insistence the entire u.s. aviation manufacturing sector could actually collapse due to this pandemic is the company right and how badly is this bailout actually needed yes so the company is is right in terms of the airline industry is facing significant pain as you know right now because of the lack of travel boeing is asking for $60000000000.00 the reality is they're getting at least 50000000000 head of the airline industry the drug administration talking about this stimulus package now one trillion brand as you know and of that one trillion there sitting beside 50000000000 of it specifically for the airline industry but boeing in and of itself is kind of a joke in that. look they're very important to the airline sector but we all know that they can't just look back at the coronavirus and say that's the problem we're
industries and joining us now to discuss this is a school bus co-host and investigative journalist ben swan ben thank you so much for joining me today boeing says that typically 70 percent of its revenue flows to its 17000 suppliers and has told lawmakers that without significant insistence the entire u.s. aviation manufacturing sector could actually collapse due to this pandemic is the company right and how badly is this bailout actually needed yes so the company is is right in terms of the...
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this all down on what is true and what is not is going post co-host an investigative journalist ben swan ben thank you for your time we're excited to have you now we want to start with the most obvious question here how would actually lifting the sanctions help to fight or even slow down the spread of the coronavirus in iran and do u.s. sanctions actually prevent medicine from getting into the country. so the 2 good questions are the to the 2nd question no there is nothing explicit within us saying that same medicine cannot be delivered to iran and my company of the secretary of state has been saying that the president's been saying that those are true statements however what they're not taken into account and what's being left out of the story is that many banks and firms will refuse to sind medicine or to sell medicine to iran or to sit in equipment that's needed medical equipment that's needed like been to leaders to iran out of fear of st john's in fact human rights watch says this about it they say the results of u.s. sanctions on iran has meant that they have had to deny iran iranians
this all down on what is true and what is not is going post co-host an investigative journalist ben swan ben thank you for your time we're excited to have you now we want to start with the most obvious question here how would actually lifting the sanctions help to fight or even slow down the spread of the coronavirus in iran and do u.s. sanctions actually prevent medicine from getting into the country. so the 2 good questions are the to the 2nd question no there is nothing explicit within us...
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ben swan ben always a pleasure to have you wish it was always under better circumstances as we keep up with the continued coverage on curb the coronavirus and covert 19 now it makes sense that these tech companies would be working to prevent misinformation what are some of the biggest issues these companies are trying to crack down on. well there's a couple things brand that we were talking about obviously you have the issue of price gouging and you have you know all kinds of sellers who are online who are trying to put out you know products at ridiculous prices but then you also have just bad information misinformation that's going around about a lot of different issues so for instance you know already this week the white house has had to put down a rumor that president trump was going to call for a national lockdown where everyone was going to be required by law to stay in their homes that was not true the white house had to debunk that there are claims online that the new york subway system has been completely shut down that was not true so there's a lot of misinformation that's out there and i think there is a you know a usefulness to tech companies saying hey we're going to do whatever we can to prevent that from happening however when they use the terms like authoritative sources that gives me pause because just because someone's in authority doesn't mean what they're saying is true and so we have to be careful about it also seemed like a weird choice of words authoritative for some reason this move this move by tech companies was preceded by a call with the white house held account because of its call with many of these companies last week on that call were some companies that did not sign on to the joint statement we know why they didn't joy. yeah i'm not really sure about that but the companies that did not i.b.m. amazon i mean these are companies that were on this call but they didn't join in this statement and so you have to wonder why is that obviously you know there's other issues going on with both i.b.m. and amazon right now after that pentagon called contract not saying that's the reason for it but it was interesting that they were not part of that joint statement it's also interesting that you know while a lot of these tech companies said that they are really trying to take on the issue of misinformation amazon is the one that really has to take on the price gouging issue because right now at this point they're the ones who are dealing with it more than anyone else with you know having products that are put on their marketplace that are ridiculously priced again you know if you're going to spend $200.00 on a bottle of purel that's your issue i'm not even sure that it causes the price gouging it seems like incompetence by the buyer well and i think now they've actually kind of changed some of their rules as well and how that works and they're done has now meanwhile the cyber security and infrastructure security agency the department of homeland security's cyber agency is warning that with so many americans at home right now there are concerns that hackers may be stepping efforts up to take advantage of work from home networks and that could be a real problem what's going on there. yeah wall the asli you have you know a lot of people who are remote commuting telecommuting who are online and so the warning is just to say hey you got to be careful when you're online but part of this is also by the group which is that department homeland security agency asking for more funding and i think what they see is there's a lot of money out there right now and they say hey we need more funding because hackers could be on the loose and unfortunately in these situations i don't like it hackers take advantage but government agencies who want more money i mean all that is really the same apparently boom bust co-host ben swan thank you so much for your time today. thanks. and time now for a quick break but hang here because when we return the global aviation industry has been battered by the virus could help for the sector be just over the horizon we'll break it all down and how manufacturers are responding as we go to break here the numbers at the close. blushes and i think she should utica total more than the bleach he cut a hole close to each seam you'll be set it's not that it's indeed some shots that always sting against. them into. a huge clear because you know i said you needed. a use of it i was quite numb from wanting that in the skin to show yeah. but you believe you shirley's. given to us not to the such users tell them not to be come forward summed up. the money approachable british mr west i am all sure but. is your b.g. a reflection of reality. in a world transformed. what will make you feel safe. isolation from the community. are you going the right way or are you being led so. what is
ben swan ben always a pleasure to have you wish it was always under better circumstances as we keep up with the continued coverage on curb the coronavirus and covert 19 now it makes sense that these tech companies would be working to prevent misinformation what are some of the biggest issues these companies are trying to crack down on. well there's a couple things brand that we were talking about obviously you have the issue of price gouging and you have you know all kinds of sellers who are...
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this all down and what is true and what is not is going to co-host an investigative journalist ben swan ben thank you for your time we're excited to have you now we want to start with the most obvious question here how would actually lifting the sanctions help to fight or even slow down the spread of the coronavirus in iran and do u.s. sanctions actually prevent medicine from getting into the country. so the 2 good questions are the to the 2nd question no there is nothing explicit within us that say medicine cannot be delivered to iran and my company of the secretary of state has been saying that the president's been saying that those are true statements however what they're not taken into account and what's being left out of the story is that many banks and firms will refuse to sind medicine or to sell medicine to iran or to sit in equipment that's needed medical equipment that's needed like been to leaders to iran out of fear of st john's in fact human rights watch says this about it they say the results of u.s. sanctions on iran has meant that they have had to deny iran iran. access to e
this all down and what is true and what is not is going to co-host an investigative journalist ben swan ben thank you for your time we're excited to have you now we want to start with the most obvious question here how would actually lifting the sanctions help to fight or even slow down the spread of the coronavirus in iran and do u.s. sanctions actually prevent medicine from getting into the country. so the 2 good questions are the to the 2nd question no there is nothing explicit within us...
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with co-host and investigative journalist ben swan ben let's start with this simple question do we have any idea of the actual losses that americans face when the economy has been forced to stop for at least 2 months. what we really don't right now and this is so unprecedented that there's really no numbers and i've been searching for that really for the last couple of days trying to figure out exactly what the real costs are going to be for not just american families but for small businesses for large corporations which employ a lot of people or small businesses in this country employ the majority of americans and so when you look at for those specific numbers sarah the reality is they're not out there right now what is the actual cost of grinding to a halt the entire major american economy for at least 2 months and keep in mind you have a lot of these doctors and specialists who are saying oh it's to go on even longer than that but the truth is we don't even know that we can go for 2 months this tonight trillion dollar bill as you just pointed out that was passed like by the senate no
with co-host and investigative journalist ben swan ben let's start with this simple question do we have any idea of the actual losses that americans face when the economy has been forced to stop for at least 2 months. what we really don't right now and this is so unprecedented that there's really no numbers and i've been searching for that really for the last couple of days trying to figure out exactly what the real costs are going to be for not just american families but for small businesses...
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fair pricing policies joining us now to break this down but co-host an investigative journalist ben swan ben let's start with amazon why what are they saying about these these accounts and why have they been suspended. yes and what is amazon is really saying is that about 4000 different accounts about half a 1000000 items they say have been removed from the site because they claim that these sellers are violating their fair practices policy essentially saying that they are selling items like hand sanitizers and face masks certain kinds of cleaners and that they're marking those prices up we would call it price gouging right and so what amazon is saying these they removed not only these from the web site but they've actually taken a step further than that they also say that they are sharing the information with state attorneys general and federal regulators about sellers who they believe have been participating in price gouging and they are essentially setting that information over in case those a.g.'s or the feds want to prosecute the white house has become very much involved in this as well
fair pricing policies joining us now to break this down but co-host an investigative journalist ben swan ben let's start with amazon why what are they saying about these these accounts and why have they been suspended. yes and what is amazon is really saying is that about 4000 different accounts about half a 1000000 items they say have been removed from the site because they claim that these sellers are violating their fair practices policy essentially saying that they are selling items like...
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furloughs which means no paycheck and no employment this is where we bring in boom bust co-host ben swan ben thanks again for joining us today now marriott hotels has made the decision to close some of its hotels and furlough workers without pay now the company says the positive side of this is that workers could still receive health care benefits as mary out doing the right thing here. why i think it's a tough question whether it's the right thing i think if you're an employee who getting furloughed it's pretty frustrating thing right now because keep in mind you've got general managers housekeepers and and staff all in between who are being furloughed right now but no executives at mary out of being furloughed at the same time you know when you get this furlough you're essentially told you're still an employee you're not unemployed and so a lot of these employees believe that they can't go and and collect unemployment at this point and that's pretty frustrating for a lot of people because while healthcare is nice it's not going to put food on the table tomorrow or this next week or over th
furloughs which means no paycheck and no employment this is where we bring in boom bust co-host ben swan ben thanks again for joining us today now marriott hotels has made the decision to close some of its hotels and furlough workers without pay now the company says the positive side of this is that workers could still receive health care benefits as mary out doing the right thing here. why i think it's a tough question whether it's the right thing i think if you're an employee who getting...
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think our creditors will too well joining us now to discuss co-host and investigative journalist ben swan ben a boeing is always on the headlines these days isn't it well president the president making clear that it's important to support the airline industry. including boeing which is also the nation's largest exporter calhoun now saying that this bailout is not corporate welfare and stat it's the role of the government to help them now is that even a fair statement and how much money is boeing asking for ok so how much money is boeing asking for habits $60000000000.00 and they're asking for which is an unbelievable amount of money but as to the question as to whether or not it's the he's right that it's the government's role no it's not it is not the government's role it's a bailout companies that are falling apart it doesn't matter how important those companies are ultimately to the nation's largest exporter no matter how many people they employ and wonder how many jobs are connected to them it doesn't matter it is not the government's role to bail out companies now having said that 2 tril
think our creditors will too well joining us now to discuss co-host and investigative journalist ben swan ben a boeing is always on the headlines these days isn't it well president the president making clear that it's important to support the airline industry. including boeing which is also the nation's largest exporter calhoun now saying that this bailout is not corporate welfare and stat it's the role of the government to help them now is that even a fair statement and how much money is...
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ben swan ben thank you so much for joining me today boeing says that typically 70 percent of its revenue flows to its 17000 suppliers and has told lawmakers that without significant insistence the entire u.s. aviation manufacturing sector could actually collapse due to this pandemic is the company right and how badly. is bailout actually needed yes so the company is right in terms of the airline industry is facing significant pain as you know right now because of the lack of travel boeing is asking for $60000000000.00 the reality is they're getting at least 50000000000 headed to the airline industry the drug administration talking about this stimulus package now one trillion brand as you know and of that one trillion there sitting beside 50000000000 of it specifically for the airline industry but boeing in and of itself is kind of a joke in that look they're very important to the airline sector but we all know that they can't just look back at the coronavirus and say that's the problem we're facing boeing is facing a problem with that so making with the 737 max jets which were not even in line to be given a green light to go back into operation 2 at least this summer that's probably pushed back down to the end of the year so you know boeing is facing a lot of hardships of its own making in addition to the issues with the coronavirus but again the german ministration has said they're going to bail out the airline industry and it looks like about $50000000000.00 is going to go to the airline street but it's interesting that you say that like oh maybe all of these don't have to do with this specifically the coronavirus epidemic because we've seen that through it with a lot of companies actually making those same complaints were saying oh this is really hurting us and if you look at the numbers a person pretty bad before the 737 max crisis did not help them at all boeing's biggest competitor and european based air bus has closed its factories for around 4 days now but unions are pushing the factories to stay closed longer will this actually happened. yeah that's kind of a tough spot for airbus because they're in the exact opposite position the boeing which is kind of interesting because in airbus is case they've picked up all the clients that but we didn't have them remember you know when you get a contract to build one of these jet liners those come sometimes years out where they'll line up these contracts so airbus needs to keep its employees working they say they're going to close down for a couple of days as you mentioned 4 to 5 the unions want them to be close for a few weeks but again this comes down to whether or not you know air bus can keep up with the contracts that it has so i'm sure there's going to be some back and forth push between the 2 between the unions and air busted to keep it moving but it's in everybody's best interest to keep as many planes being created as possible because they keep selling those while boeing is pretty much incapacitated right now you'd be interesting it's interesting to me that anybody is actually buying planes right now you would think that all of these air things would would not be able to have the cash flow to actually buy more and i know there are a $380.00 is also out and rough waters because it's already having a tough time just making ends meet when it's traveling at full capacity so we'll see what happens there but oh i don't. remember real quick with airbus in those those contracts i mean those are done you know sometimes months or years in advance and they'll have hundreds of planes of them already been paid for that they have to now supply absolutely no overall the travel and hospitality industry is really being hit hard in fact many are saying this is the biggest test that the modern travel industry has ever faced without some kind of intervention from the government much of the travel industry collapsing at about 30 seconds here but you have real quick i think that they're going to get they're going to get the intervention right or wrong we can have that debate we have more time but they're going to get it again $50000000000.00 is going to the airline industry trouble ministrations as $150000000000.00 is going to go to things like hotels and service industries that are being affected right now that's where the money is going to flow the question is will it do we nuff because a lot of this city this package is only supposed to last about 6 weeks and we have to get back to normal life by that who knows if we will absolutely thank you so much boom bust co-host to ben swan we'll talk to you again soon. and finally as the world's population continues to follow the overwhelming amount of news regarding the coronavirus pandemic and the economic turmoil it has caused some of the latest announcements and tech are receiving a ton of attention and maybe that's right please so for instance wednesday morning apple unveiled a brand new model in their i pad pro and macbook air lines the big feature apple is touting is but their new i pad involves a new camera feature which feature which allows the device to scan 3 d. objects the company says it will allow for a quote whole new class of augmented reality experiences an area apple has actually invested quite a bit of money into wednesday sony held an online event also revealing the details of their competing for their new console the playstation 5 and earlier this week microsoft released a boatload of specifications about their new x. box one series x. console that competes with the playstation i could spend ti
ben swan ben thank you so much for joining me today boeing says that typically 70 percent of its revenue flows to its 17000 suppliers and has told lawmakers that without significant insistence the entire u.s. aviation manufacturing sector could actually collapse due to this pandemic is the company right and how badly. is bailout actually needed yes so the company is right in terms of the airline industry is facing significant pain as you know right now because of the lack of travel boeing is...
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call markets joining us now to discuss this blue bus co-host and of course cryptocurrency analyst ben swan ben thank you so much for joining us today and you know when we talk about federal bank response as well i mean the bank of canada just friday afternoon as well cut rates to point 75 percent so there varies a lot of action going on and it's moving so so fast as this number one economic crisis if that's what you want to call it is going on as well as the pandemic of the crow virus so bent the fed announced trillions of dollars worth of new capital injections to calm treasury bill liquidity issues and boost economic activity amid coronavirus risks we know you're not a fan of central banks propping up markets could what we have seen over the last few days doesn't the fed have to do some more and what exactly are they doing right now to prop markets up yes so i don't think the fed is the answer certainly but you are correct that markets right now feel like they need to help in a lot of ways that what we saw on friday afternoon was very interesting you said here in the lead up up almost 2000 p
call markets joining us now to discuss this blue bus co-host and of course cryptocurrency analyst ben swan ben thank you so much for joining us today and you know when we talk about federal bank response as well i mean the bank of canada just friday afternoon as well cut rates to point 75 percent so there varies a lot of action going on and it's moving so so fast as this number one economic crisis if that's what you want to call it is going on as well as the pandemic of the crow virus so bent...
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regular folks are going what about us all right ben thank you so much for china from a far looks like we'll be doing this for a while my friend ben swan catch him on boom bust at 4 pm eastern here on r.t. thank you manila thanks. a lot angeles county is making way for kobe 1000 patients at get this a beach front r.v. park even asking the residents there to pack up and move out at least temporarily artie's natasha sweet as the wife and playa del ray with more details to this natasha what's going on there. yeah manila you know los angeles county has named dr weiler beach an isolation zone for kopechne 800 patients just to give you an idea. we're about 15 minutes south of santa monica and this r.v. park is normally extremely popular as you can see because of the spectacular views that it has for right now it's close to both the visitors and residents and so normally this 3 mile shoreline is packed and right now it has a different kind of energy los angeles county officials are asking the public to avoid this area as they establish on a virus isolation zone dock while r.v. park will reportedly serve as a temporary housing for those withou
regular folks are going what about us all right ben thank you so much for china from a far looks like we'll be doing this for a while my friend ben swan catch him on boom bust at 4 pm eastern here on r.t. thank you manila thanks. a lot angeles county is making way for kobe 1000 patients at get this a beach front r.v. park even asking the residents there to pack up and move out at least temporarily artie's natasha sweet as the wife and playa del ray with more details to this natasha what's going...
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george galloway and investigative journalist and co-host of boom bust ben swan will weigh in so ben i want to head over to you 1st what do you make of this attempt at relief for the american people. why there's so a lot of questions about it you know fairing it did a great job right now of laying out for us kind of some of the details of this but in reality even though the senate and congress is saying this is about 2 trillion dollars worth of relief which would make it almost 3 times larger than the bailout that we saw in 2008 but in fact there are a lot of insiders who are saying that this number is actually much higher and when we get into the actual numbers of it it's probably going to be closer to 10 trillion dollars in terms of relief now this is not you know just money being doled out some of it will be repaid because some of it's in the form of loans some is in the form of direct payments so that's a big deal but remember this is also separate from the 4 trillion dollars that the fed is trying to pump into the economy right now so we're talking about a massive amount of money
george galloway and investigative journalist and co-host of boom bust ben swan will weigh in so ben i want to head over to you 1st what do you make of this attempt at relief for the american people. why there's so a lot of questions about it you know fairing it did a great job right now of laying out for us kind of some of the details of this but in reality even though the senate and congress is saying this is about 2 trillion dollars worth of relief which would make it almost 3 times larger...
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ben swan and investigative journalist of course ben what can you tell us about this meeting between reed hastings and from netflix and the internal market and services commissioner. yeah centrally the meeting was to discuss whether or not netflix can move more of its programming if not most of its programming over to standard definition that's what the e.u. is asking for they one standard definition on as many t.v. shows and movies as possible they say during this time because the more people who are watching in h.d. in high definition the more of a strain that it puts on the internet services so that's the request that's been made of course netflix says they're working on it to see what they can do to be helpful and to keep the internet running this movie as possible but obviously but it's a it's a much bigger deal than just netflix it's netflix is an easy one to say oh lots of people are doing that but the truth is there's a lot more strain just in terms of the internet worldwide right now because of there's so much streaming going on now to that point there is without question an increased strain on interest services now according to rise in web traffic has increased 20 percent video traffic alone by 12 percent gaming by 75 percent we talked about that quite a bit on wednesday and v.p.n. usage by 34 percent why is internet net traffic from home creating more problems than say when schools are in session and businesses are using it as they do every day. yeah that's it is a good question 1st of all i suspect that the gaming has increased just by you alone even if you push that number up you know i think a lot of it has to do with the fact that businesses offices and schools have a different kind of internet infrastructure set up then homes do so when you're in your home you don't have the same kind of internet traffic running through as a school would have or as a business would have it's a tiredly different system and because of that what you're seeing are internet speeds would go from as one you know person within that world put it go from 60 to 20 miles an hour they said it's like hitting a traffic jam on your way home and so i think what we're seeing is that a lot of people think oh it'll be easy i can do all this from work i can just do it from home as well but but home internet services are not geared the same way they don't have the same kinds of. upload speeds download speeds all the kind of thing that you would get inside of a school or inside of a business and now can our current internet and broadband structure actually support like all this high tech video conferencing when so many different groups are using the technology and sometimes i wonder if it's even relevant you could pick up the phone and just have the same conversation because you know so i think that's exactly the point is that right now we're in this moment when everyone says oh there are so many kind of high tech solutions out there for video conferencing and zoom conferencing and we can use screen sharing and we can you know upload files to each other and everyone can be on at the same time but in reality if you want to deal with this problem the better way to do it is to go low tech rather than high tech meaning that you know for universities why do you know verse of these need to have life stream classes going on if you have a lecture why does it need to be live stream can't that be recorded on video and then uploaded so that you don't have the same kind of strain on the system the same thing for you know a lot of businesses do they need to be streaming a live picture to each other or can they be using very low tech means such as message boards remember those things that people used to use a long time ago well they're still out there and the opportunity to use them is there and that would take a lot of the strain off of you know says. right now that are struggling so really you have to look at it more of a go low tech rather than going high tech and quickly there's been 2 a joint effort between us telecom companies and the f.c.c. to make sure that americans stay connected what can you tell us about that we got 20 seconds here yeah real quick i mean these telecom companies say that they're not going to cut off service to anyone during this time even people who can't pay their phone bill or their internet bills during this time and they're going to work with somebody and again keep everyone on line as much as possible sounds good but the reality is that a lot of people would necessarily be cut off from that but the problem isn't am i going to get a cut off today it's what will that look like in the future in terms of debt and money that i owe i think that's a bigger problem that has not been addressed bobus co-host of ben swan thank you so much for joining us today you got it and that's it for this time you can catch boom bust on demand on the brand new portable t.v. app available on smartphones through google play and the apple app store by searching portable t.v. and of course while your home social distancing watch that or stream is to your t.v. by downloading the portable t.v. app on apple t.v. and online a portable da t.v. and you can also find a coronavirus tracker on the portable t.v.'s where you can get the latest news and information about the spread of the virus and as always check us out on you tube dot com slash boom bust archie see you next time. blushes and they. could go to more from the beach he could go straight to see me you'll be sent it's thank you the steadily shrinking. beautiful because you know you said you needed a cliche you know he was a bit of law school but i'm going to have to be. truth be shown these. in the perspective of the special privileges are still to be calm cool
ben swan and investigative journalist of course ben what can you tell us about this meeting between reed hastings and from netflix and the internal market and services commissioner. yeah centrally the meeting was to discuss whether or not netflix can move more of its programming if not most of its programming over to standard definition that's what the e.u. is asking for they one standard definition on as many t.v. shows and movies as possible they say during this time because the more people...
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number was actually fewer than 15 and as i mentioned joining us now is co-host of ben swan an investigative journalists as well ben thanks for joining me and i appreciate you being there ready to go when we had a little bit technical issues there amazon has its own side to this story why are they saying smalls was fired. or that their reason is going to get them off the hook but they said that the reason why the fire chris. was late in their bases the . distancing guidelines that have been given stay 6 feet away from people i suppose what amazon is trying to say that in this case by organizing a walkout he was physically closer to people than he should have been so that's essentially the claim that they're making saying that they gave him multiple warnings knots of violate these guidelines and they say that. it's their best workers we can get at and it and chris smalling was caused that to be violated so that and the city led that walk out and now new york state attorney general it issued james called amazon's firing of small disgraceful and said the office of the attorney general is considering all legal options
number was actually fewer than 15 and as i mentioned joining us now is co-host of ben swan an investigative journalists as well ben thanks for joining me and i appreciate you being there ready to go when we had a little bit technical issues there amazon has its own side to this story why are they saying smalls was fired. or that their reason is going to get them off the hook but they said that the reason why the fire chris. was late in their bases the . distancing guidelines that have been...
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virus crisis is the co-host of r t america's boom bust investigative journalist button swan ben always a pleasure. so ben the excuse is that we need the military factories and businesses to stay open for national defense purposes but isn't sending over 2000000 people into close proximity in factories and offices does not pose a little bit more of a danger given the current enemy that we're fighting. well it absolutely does look you have to go one way or the other with this you either have to believe that yes in fact people need to stay home and therefore create this distance between them governments are saying that meaning the federal government is saying it state governments are saying it and local governments are saying it so everyone across the board is in agreement about that i don't necessarily agree with them bar owners and restaurant owners don't necessarily agree with them you have you have about 15000000 service workers right now who many of them want to go to work but are being told not only shouldn't you go to work but you cannot go to work you have to stay at home order and yet we're also bei
virus crisis is the co-host of r t america's boom bust investigative journalist button swan ben always a pleasure. so ben the excuse is that we need the military factories and businesses to stay open for national defense purposes but isn't sending over 2000000 people into close proximity in factories and offices does not pose a little bit more of a danger given the current enemy that we're fighting. well it absolutely does look you have to go one way or the other with this you either have to...
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that absolutely we will leave it right there you can catch more of ben swan later on today at 4 pm on boom bust thank you so much for that ben middle of things. and is being described as worse than 911 hospitals they're struggling to keep their doors open as more and more people are admitted with the disease each day and in one particular area long lines have been forming since the early morning hours all anxiously awaiting to get tested for the virus artie's trinity chavez has the latest. today hospitals in new york struggling under the weight of the pandemic people come in they get integrated they die the cycle repeats elmhurst hospital in queens the bureau with the most coronavirus cases in the city in the center of the outbreak the hospital confirming at least 13 patient deaths within 24 hours right now it's every day it's nonstop literally and. unfortunately it's my get to see question if you can choose what you're going to do are you going to do. as the doctor say a lot of people call the doctor the survivor to expire and you call this a machine but not the person as medical staff operates out there limit hundreds of m
that absolutely we will leave it right there you can catch more of ben swan later on today at 4 pm on boom bust thank you so much for that ben middle of things. and is being described as worse than 911 hospitals they're struggling to keep their doors open as more and more people are admitted with the disease each day and in one particular area long lines have been forming since the early morning hours all anxiously awaiting to get tested for the virus artie's trinity chavez has the latest....
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ben swan to discuss the government meltdowns going on between the 2 transatlantic nations our discussion start out with ben talking about the u.s. economic relief package listen. in reality even though the senate and congress is saying this is about 2 trillion dollars worth of relief which would make it almost 3 times larger than the bailout that we saw in 2008 but in fact there are a lot of insiders who are saying that this number is actually much higher and when we get into the actual numbers of it it's probably going to be closer to 10 trillion dollars in terms of relief now this is not you know just money being doled out some of it will be repaid because some of it's in the form of loans so it was in the form of direct payments so that's a big deal but remember this is also separate from the 4 trillion dollars that the fed is trying to pump into the economy right now so we're talking about a massive amount of money a massive amount of liquidation that's going on in liquidity go into the market the big question will be how many real americans actually get relief from this and how much of this winds up becoming corporate welfare and george you have actually been on the other end of this kind of conversation before are american lawmakers doing the right thing here and well the u.k. parliament consider similar measures to stop the bleeding before parliament is suspended. well i think 1st of all it's a deal to suspend parliament it was an even suspended when it was literally being bombed the chamber of the house of commons. during the blitz in the 2nd world war was destroyed and all the members decamped to the quarter door which is where mr churchill gave his great wartime speech as though it wasn't televised then so no one knew they were all huddled in a rather small corridor or i think it sends a bad message when lawmakers decamped for the hills when there judy is clearly at the helm of events far as that's possible to be but of course there's a balance to be struck. politicians can never lie but they can be economical with the actuality i do think that they have to show the people that life goes on that the leaders are leading and some relief in the end will be forthcoming saw lawmakers haggling or poor balls nor good signs wouldn't happen here we don't have the same system. 1 you're haggling where people were dicing with this demand and people were dying and falling sick didn't look good from here manila. you you said that right george i mean no matter what these people are going to debate on the hill there are things happening in real time that are not being addressed and then what about the president's remarks last night aiming to reopen america by easter sunday i mean good idea bad idea mind you that my new ben that this is against i'm the recommendation of medical professionals who believe this is going to take a lot more months before it resolves itself yeah well a couple thoughts on that 1st of all i don't think the president is going to get his way of saying we will reopen everything by easter weekend but i think what he will be able to do is say by easter weekend we have a very clear timetable for when things get back to normal but look i've been advocating long before the president said this i actually was advocating court before he did set it which is a segment essentially this we have to get the economy going again and you cannot shut down the entire economy over a virus even though you know yes $790.00 deaths of taken place but again i want to remind viewers over 22000 people have died from the flu this year in the united states alone and we haven't shut down the economy for them so the idea that we're shutting down the economy the way that we have and yes i know that the medical pr
ben swan to discuss the government meltdowns going on between the 2 transatlantic nations our discussion start out with ben talking about the u.s. economic relief package listen. in reality even though the senate and congress is saying this is about 2 trillion dollars worth of relief which would make it almost 3 times larger than the bailout that we saw in 2008 but in fact there are a lot of insiders who are saying that this number is actually much higher and when we get into the actual numbers...
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veteran journalist ben swan has long covered breaches of all types including ones that clued government about these and he joins us now with more on this developing story i almost want to say ben should we even be surprised. no we absolutely should not be surprised and in fact not only should we not be not surprised because it's the saudis that's a whole other issue we should be surprised because it was a blowers 'd have been warning the f.c.c. about this and wireless carriers about this for years say that this is a vulnerability that is exploited by more than just the saudi government by the way it's been has been exploited by many different governments around the world the f.c.c. knows that the f.c.c. chairman a shit pie has been notified about it and has said in the past that he doesn't feel a need to fix this problem so the f.c.c. is aware of it there's no one wants to fix what exactly can you help us understand maybe from the ground level what they're doing and how they're doing it yeah it's actually pretty simple so when you go overseas so rick sanchez goes to germany when you're overseas and you try to call back to the united states you need to essentially put your cell
veteran journalist ben swan has long covered breaches of all types including ones that clued government about these and he joins us now with more on this developing story i almost want to say ben should we even be surprised. no we absolutely should not be surprised and in fact not only should we not be not surprised because it's the saudis that's a whole other issue we should be surprised because it was a blowers 'd have been warning the f.c.c. about this and wireless carriers about this for...