on a slide so let's go ahead and bring in some of the expert analysis we love here on boom bust tobin smith c.e.o. of transforming research joins us tobin thank you so much what are we seeing i mean the dow was down at times more than a 1000 points today and people are said were saying that we were at the bottom clearly that's not the case what are we seeing in the market today. what we're seeing is it's a 4 step process and you know people always automatically for the last basically 12 years 11 years you would buy the dip right we get a correction the market come down maybe 10 or 20 percent we buy that we be back up but we're not in that world we're in a world where we have not only a global recession that same time we didn't pour diesel fuel on the 2nd amik fire by having an energy you know complete war price war so now it's cascading and we're not done cascading as i think i told you before we went to the coverage at the end of january we went all in cash about february 15th with our subscribers and money management clients because we were getting information from our context around the

$45000000.00 people checking account it is going to get a lot worse before we hit a real bottom tobin smith c.e.o. of transformative research and sobering to hear you but thank you so much for giving us that insight. did you hear baby. time now for a quick break but hey here because when we return with the lion's share of focus aimed at the pain demick trade issues have fallen by the wayside straight ahead we dig into the new details of trade and what lies ahead right after the break and as we go to break there are those numbers of people. in this community there are people who believe that it's ok to substract food on my table it's really hard there are no jobs and you see that i've got kids and ask and as a parent. i can come up with arguments there's a lot of conflict in the game between the teams most of the conflict i would say. is me. close one on each other. each other is good because the state of california makes $6000000000.00 a year of prison complexes you get so when you live where. you don't care about your so you don't care mind anything. thanks. and welcome back the trip admin

of transform many research tobin smith gentleman thank you for joining me today. let's start with with you tobin i want to ask you this now mcdonald's global same store sales dropped about 22 percent just in the month month of march this is a global chain that always does well even during a recession this is because of the cheap prices so when what is it is it even fair to use this as a measure of where our economy is actually heading. well you know it actually is i mean it's food it's somewhat discretionary but you know they have dried up and i will tell you all over there were other garbage in a mcdonald's on every i certainly every continent you get a lot of value for what you know you pay you know you lira or drone or drugs more or whatever and you're going to see them drop off another another 20 percent because we didn't have the lockdowns going at the time that the they reported it so i use it as a barometer of retail but you know the question is have we priced that into the market and i think what we're seeing a little bit here is people are are taking a dee

is the worst economic crisis since the great depression so let's dive into expert analysis with tobin smith c.e.o. of transformative reach search and let's bring back to bus co-host christine tobin i want to start with you over the last month you've been on this show sounding. alarm that this economic downturn is not due to the coronavirus is there any way that we can actually restart this economy and it's going to make up any dismal metrics that i just laid out right there for you on the table well 1st. let's bear in mind that up until about 8 days ago we were in a freefall and then the fed put the united states on its back and it really put the world on its back and it basically said the world is too big to fail so there's been a dramatic difference and that dramatic difference is is it's not only just liquidity in the united states but the i.m.f. which we fund primarily is now opening the spigot to asian countries to other parts of the world and that's a big deal now now we've we've released not become a solvency problem at this point we were a coronavirus problem certainly which kicked

affect global economies like you said maybe up to a year economics professor richard wolfe and tobin smith c.e.o. of transforming. search thank you so much for your time. time now for a quick break but hang here because when we return virtual meet up company doom is back in the spotlight and this time in court over claims that the company over 3 that just how sick here the software actually is and as we go to break here the number is up at 5. and we're going to fulfill the repeated purposes apologise to the people and come on you know we've all bots you to. read really really dumb. luck. now you want to work correct that. you know. all. coming coming coming. this is a story of women and women was troubled histories and complex cold cases you know some of those deadly leave who lives out there. who were not. the person that steered the cheesiness of the day are considered the most dangerous of criminals. as in a still. falling off 23 hours of the day tell me that is not enough and it. will give women on death row. the swarms of them so much. good news hoover local was before. much of those

month and decades today of course excluded so let's get some expert analysis on the situation with tobin smith c.e.o. of transforming research and boom bust co-host christi i thank you both for joining us today now christy weekly weekly jobless numbers are in now as i just mentioned 3400000 filing for unemployment which is worse than expectations again how bad can this actually get. yes it came back quite bad because if you remember we have been coming in worse than expectations now for about 6 weeks in a row so now you have roughly 30300000 people who have filed for unemployment in the last 6 weeks we just pretty much one in every 6 americans so with more employers cutting payroll in order to boost their earnings economists have now up their forecast that the unemployment rate for april could go as high as 20 percent now unemployment has always been a bit of a lagging indicator given the time it takes to process and gather all these numbers some analysts suggest that the real numbers are likely to be higher and estimated that up to 12000000 more people have lost their jobs to claim yet given

affect global economies like you said maybe up to a year economics professor richard wolfe and tobin smith c.e.o. of transform anywhere. thank you so much for your time. time now for a quick break but hang here because when we return virtual meet up company is back in the spotlight and this time in court over claims that the company over faded just how thick here the software actually is and as we go to break here the numbers at the close. this is a story of women and women with troubled histories and complex cold cases you know some of us did lee leave who lives out there. who were not pleased the person that there's a cheesiness of the day are considered the most dangerous of criminals she's in a still. all the last 23 hours of the day tell me that it's not enough and isn't it weird world of women on death row. the world is driven by shaped by one person those. things. we dare to ask. here on boom bust we've discussed all the many sectors that have been hit hard by the coronavirus from tack to manufacturing of goods on our toes well what about the food supply chain well some say it will