there's a lot of rate down here so let's go ahead and bring in some expert analysis from co-host ben swann and christiane i guys thank you so much for joining us christy this contraction of economic growth is it simply because of supply chain slowdowns or are there entire industries that will collapse as a result of the economic shutdown. well run us kind of you have this slowdown stemming.

updates and breaking news as it happens we call this the global coronavirus update desk check with ben swann who's checking things for us and has got some new information just now coming in ben what you got you know we've got 2 really big breaking stories tonight rick let's start with the 1st one president trump tonight in the rose garden essentially said he is calling for a halt to all u.s. funding of the w.h.o. the world health organization until a review can be completed that essentially determines whether or not the organization has acted properly during this coronavirus pandemic whether or not they were too late in the information that they put out whether or not they have covered for china in this process whether or not they have ultimately failed in their duty to protect really the world in terms of putting out the warnings about this pandemic the president says they have done a poor job he laid out a number of reasons why and said he has called again for a halt to that funding right now the u.s. funds the w.h.o. about 15 percent of all of their budget and as of tonight he has called

been marked up by 10000 percent so joining us now to discuss is our boom bust co-host christine and ben swann thank you both for being here with this again now ben let's start with what is actually going on here what are some of the worst examples of these markups and this type of profiteering off of the coronavirus. yes so essentially the story now is you know for several weeks there's been talk about you know you can go on amazon and you would find hand sanitizer for $300.00 a bottle or facemask you know a box of 50 of them for something like $500.00 so those have existed out there and amazon said they were going to crack down but the new angle to this story brant is the fact that hospitals are having to buy a lot of protective equipment right now face masks and p. p. e. like gallons and gloves those kinds of things hospitals have to have this now the way new york law is written essentially in new york state you cannot and then when i read it to you you cannot increase the price of the consumer product by an unconscionably excessive price during an emergency but that's a consumer product fo

we all thought might be coming well the king joining us now from the global coronavirus desk is ben swann he's been dutifully following all developments for us today and he joins us now with the very latest ben. we have a few things to get to the 1st one being that here in the united states we're now looking at 10000000 people who have filed for unemployment in just the past 2 weeks and 1000000 people who say i have gone from having a job to having 0 hours for no work at all in the last just 2 weeks it's an absolutely incredible number and we're talking about an unemployment rate that could climb as high some analysts are saying as what we saw in the great depression or even worse than that now of course you have to keep in mind rick obviously these numbers are a little bit different this is not an economic crisis right now it's a pandemic meaning that in theory as soon as everything kind of reopens people would be able to get those jobs back and get back to work assuming that all businesses get back to work. yeah assuming and i'm glad you're using that very important word because there a

there's a lot of great down here so let's go ahead and bring in some expert analysis from co-host ben swann and christiane i guys thank you so much for joining us christy this contraction of economic growth is it simply because of supply chain slowdowns or are there entire industries that will collapse as a result of the economic shutdown. well run as kind of both you have this slowdown stemming from the shutdowns and businesses which creates massive layoffs and unemployment which then snowballed into lower income decrease discretionary spending which then repeats and feedbacks into the chain in a form of slowing demand so it's a vicious cycle that's very hard to control once again some mentum the other part of that is that you have entire industries that are on the brink of collapse and they've been levered to help bring on cheap corporate debt now of course we're talking about the oil and energy sector hit one of the icons of america well we can also be talking about that big economy the gate and share to cop a sickly have your assets that valuation upwards of several billions of dollars

that's not exist well that's a heck of a story that's an interesting story thank you ben as usual ben swann manning things over there at the coronavirus global coronavirus update desk ok this is the news with rick sanchez you're watching our special coverage and we are going to be right back. join me every thursday on the elec simon show and i'll be speaking to guests of the world of politics small business i'm show business i'll see that. i'm going to fulfill the repeated promises of politics to the people. you know we've all pots. you want to. be. all right here we go i'm rick sanchez we're back and we're on now what a couple of weeks depending on where you live maybe 23 weeks into this social distancing in this whole self i shall isolation stuff where we have people now doing for us things that we used to do for ourselves right i mean just off the top my head haircuts housekeeping schooling childcare there's a whole lot andree list laundry luxury is a matter of fact and suddenly some of us who aren't used to doing that kind of stuff for whatever reason are suddenly having to do. how are

best big in india hoping to capitalize on that country's internet boom well get the latest with ben swann and his take and then later at the sports h.q. regina hamm shares how some of the biggest tennis stars in the world are keeping in touch during quarantine i'll be right back. guys are financial survival guide liquid those that you can convert to this point easily. to keep in mind that to me to a place in. the world. seems wrong. just don't call. me old yet to say proud disdain comes to advocate and engagement equals betrayal. when so many find themselves worlds apart we choose to look for common ground. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation or community. are you going the right way or are you being led to. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or a maid in the shallows. all right here's news that probably won't surprise you netflix just announced it added almost 16000000 subscribers all thanks to these stay at home orders due to the coronavirus pandemic

of time ben swan thank you very much for coming on the show and clearing a lot of this up for us ben swann the host of boom bust on r t america thank you sir as he thinks. the war. thanks for watching send us your comments on facebook and twitter we love hearing from you and of course be sure to tune in next week when we cover more stories ignored by the corporate media and always remember people when that government lies the truth becomes a traitor it's up to you to stay vigilant you're doing a good job right now. the lord. yes sure. thinking of getting a new puppy once we got in here she was as he didn't know what to do he's trapped in this tiny little wired we don't need a crate with him he will stir reaching out into the wall when it's pretty much anywhere near and thousands of breeding dogs are caged in the into lane conditions on puppy farm i mean 67 years you know they've been locked up in cages outside you see no protection from the weather the heat you know the cold air the rain the snow the thunder nothing they have no protection. because you. know it's ok. across the u.s. cruel